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The
trustees are responsible for keeping proper accounting records that disclose
with reasonable accuracy at any time the financial position of the charitable company
and enable them to ensure that the financial statements comply with the Companies
Act 1985. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities. The
trustees are responsible for the maintenance and integrity of the corporate and
financial information included on the charitable company’s website. Legislation in the B D Waters - Chairman M
Benten - Director INDEPENDENT
EXAMINER'S REPORT TO THE TRUSTEES OF
DERWENT VALLEY TRUST I
report on the accounts of the company for the year ended Respective
responsibilities of trustees and examiner The
trustees (who are also the directors of the company for the purposes of company
law) are responsible for the preparation of the accounts. The trustees consider that an audit is not
required for this year under section 43(2) of the Charities Act 1993 (the 1993
Act) and that an independent examination is needed. Having
satisfied myself that the charity is not subject to an audit under company law
and is eligible for independent examination, it is my responsibility to: ·
examine the accounts
under section 43 of the 1993 Act; ·
follow the procedures
laid down in the general Directions given by the Charity Commission (under
section 43(7)(b) of the Act, as amended); and ·
state whether
particular matters have come to my attention. Basis of independent
examiner's statement My
examination was carried out in accordance with general Directions given by the
Charity Commission. An examination
includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as
trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be
required in an audit, and consequently no opinion is given as to whether the
accounts present a “true and fair view” and the report is limited to those
matters set out in the statement below. Independent
examiner's statement In
connection with my examination, no matter has come to my attention: 1 which gives me reasonable cause to
believe that, in any material respect, the requirements: ·
to keep accounting
records in accordance with section 221 of the Companies Act 1985, and ·
to prepare accounts
which accord with the accounting records, comply with the accounting
requirements of section 226A of the Companies Act 1985 and with the
methods and principles of the Statement of Recommended Practice: Accounting and
Reporting by Charities have
not been met; or 2 to which, in my opinion, attention should
be drawn in order to enable a proper understanding of the accounts to be
reached. Chartered Accountant Smith Cooper DERWENT
VALLEY TRUST YEAR ENDED STATEMENT OF FINANCIAL
ACTIVITIES
FOR THE YEAR ENDED Unrestricted Restricted Total Total Funds Funds Funds Funds2009 2009 2009 2008 (General) £ £ £ £ Incoming ResourcesDeposit interest 646 - 646 774 HW Certificates etc. 100 - 100 50 ___ Total
Incoming Resources 746 - 746 824 ___ Resources ExpendedCosts
of charitable activities Website cost 30 - 30 23 Insurance 204 - 204 235 ____ 234 - 234 258 Other
resources expended Administration 15 - 15 15 ____ Total
Resources Expended 249 - 249 273 ___ Net
incoming resources 497 - 497 551 Fund balances brought forward 6,319 7,889 14,208 13,657
_____ Fund Balances Carried Forward 6,816 7,889 14,705 14,208
____ ____ _____ _____ DERWENT
VALLEY TRUST YEAR ENDED BALANCE SHEET AS AT 2009 2008 CURRENT ASSETS £ £Balances at Bank:
Deposit account 14,632 14,185
Current account 73 23 ______ ______ 14,705 14,208 ______ ______ CURRENT LIABILITIES
Creditors - - NET
CURRENT ASSETS 14,705 14,208 NET
ASSETS 14,705 14,208 _____ _____ REPRESENTED
BY:
Unrestricted funds 6,816 6,319
Restricted funds (Note 3) 7,889 7,889 14,705 14,208 _____ _____ The directors are satisfied that the
company was entitled to exemption under subsection (1) of section 249A of the
Companies Act 1985 and that members have not required an audit in accordance
with subsection (2) of section 249B. The directors acknowledge their
responsibilities for: ¨
ensuring
that the company keeps accounting records which comply with section 221; and ¨
preparing
accounts which give a true and fair view of the state of affairs of the company
as at the end of the financial year and of its profit or loss for the financial
year in accordance with the requirements of section 226 and which otherwise
comply with the requirements of this Act relating to accounts, so far as
applicable to the company. The financial statements have been
prepared in accordance with the special provisions relating to Small companies
within Part VII of the Companies Act 1985 and with the Financial Reporting
Standard for Smaller Entities (effective January 2007). These accounts were approved by the
board of directors on and were signed on its behalf by: B. D. WatersDirectorDERWENT
VALLEY TRUST YEAR ENDED NOTES
TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIESThe following accounting policies have
been applied consistently in dealing with items which are considered material
in relation to the company’s accounts. Basis of PreparationThe accounts have been prepared under the historical cost convention and in accordance with the Companies Act 1985 and the Statement of Recommended Practice, “Accounting and Reporting by Charities” published in 2005. Income & ExpenditureIncome and expenditure are recognised on an accruals basis other than donations which are recognised when they are received. Cashflow StatementThe company is exempt from the requirement of Financial Reporting Standard No 1 to prepare a cashflow statement on the grounds of its size. ReservesDonations received for the general purposes of the Charity are included as unrestricted funds. Donations for activities restricted by the wishes of the donor are taken to “restricted funds” where these wishes are legally binding on the Charity Trustees. 2. DIRECTORS’ EXPENSESNo members of the Board of Directors nor any person connected with them has received or is due to receive any remuneration or expenses for the period directly or indirectly from the Charity’s funds. 3. RESTRICTED FUNDSThe funds of the charity include restricted funds comprising the following balance of donations held: Balance
at Additions to Resources Balance at £ £ £ £ Restricted funds 7,889 - - 7,889
Total 7,889 - - 7,889 _____ _____ _____ ____ |