2020-11-30-accounts

							Pages
Trustees' annual report (incorporating				the	director's	report)	1to11
Independent	auditor's	report to	the members				12to 15
Statement	of financial	activities	(including		income and
expenditure	account)						16
Statement	offinancial	position					17
Statement	ofcash flows						18
Notes to the financial		statements					19to 34

Registered	charity	name	name	Exmoor Calvert	Trust
Charity registration		number		1005776
Company	registration		number	02637448
Principal office and		registered		Wistland pound
office				Kentisbury
				Bamstaple
				Devon
				EX314SJ
Vice Presidents				Marcia Cook
				Norman Croucher OBE
				Ann Gumming	BEM
				Colin Drummond OBE DL
				John Gillett
				Antoine Khayat	DL
				Sir Michael Knight KCBAFC
				Michael Mant
				Annie Maw LL
				Rob Paynter
				Brian Sherwin
				Colin Walker
				Dr Tom Bigge
				Lady Gass DCVO JP
The Trustees
				Lady Acland
				The Countess	ofArran MBE VLL (President)
				David Cooper
				Jim French CBE DL
				Christopher Gregson
				Peter Maggs CBE(Chair)
				Susan May
				Paul Petrides
				Philip Sampson
				Teresa Turner
				William Vandersteen

Company	secretary	Christopher	Gregson
Officers		Andrew Laming, Centre		Director and Chief Financial		Officer
		Mike Gray,	Chief Executive Officer		(Resigned 26 June 2020)
Auditor		Thomas Westcott
		Chartered Accountants		& Statutory	Auditors
		47 Boutport	Street
		Barnstaple
		Devon
		EX31 1SQ
Bankers		National Westminster
		41 High Street
		Barnstaple
		Devon
		EX31 1BZ

						2020		2019
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note
Income and endowments
Donations and legacies					536,967	119,085	656,052	263,185
Charitable activities				6	210,827		210,827	1,093,043
Other trading activities				7		750	750	970
Investment income				8	135	18	153	683
Other income				9	21,188		21,188	29,672
Total income					769,117	119,853	888,970	1,387,553
Expenditure
Expenditure on raising funds:
Costs of raising donations			and
legacies				10	64,347		64,347	87,867
Expenditure on charitable		activities		11,12	1,133,515	67,905	1,201,420	1,518,861
Total expenditure					1,197,862	67,905	1,265,767	1,606,728
Net expenditure					(428,745)	51,948	(376,797)	(219,175)
Transfers between	funds				77,241	(77,241)
Net movement in	funds				(351,504)	(25,293)	(376,797)	(219,175)
Reconciliation of	funds
Total funds brought	forward				4,037,598	142,452	4,180,050	4,399,225
Total funds carried forward					3,686,094	117,159	3,803,253	4,180,050

				2020	2019
			Note
Fixed assets
Tangible fixed assets			18	4,117,222	4,230,930
Current assets
Stocks			19	1,778	2,236
Debtors			20	389,109	363,865
Cash at bank	and in hand			268,451	207,328
				659,338	573,429
Creditors: amounts		falling due within one year	21	872,851	615,391
Net current	liabilities			(213,513)	(41,962)
Total assets	less current liabilities			3,903,709	4,188,968
Creditors: amounts		falling due after more than one year	22	100,456	8,918
Net assets				3,803,253	4,180,050
Funds ofthe charity
Restricted funds				117,159	142,452
Unrestricted	funds			3,686,094	4,037,598
Total charity	funds		27	3,803,253	4,180,050

			2020	2019
Cash flows from operating	activities
Net expenditure			(376,797)	(219,175)
Adjustments for:
Depreciation of tangible fixed assets			187,678	182,182
Government grant income			(267,243)
Other interest receivable and similar income			(153)	(683)
Interest payable and similar	charges		1,159	2,284
Accrued (income)/expenses			(20,385)	60,601
Changesin:
Stocks			458	2,542
Trade and other debtors			(11,236)	(62,979)
Trade and other creditors			265,518	94,056
Cash generated from operations			(221,001)	58,828
Interest paid			(1,159)	(2,284)
Interest received			153	683
Net cash (used in)/from operating activities			(222,007)	57,227
Cash flows from investing	activities
Purchase oftangible assets			(73,970)	(90,502)
Net cash used in investing activities			(73,970)	(90,502)
Cash flows from financing	activities
Proceeds from borrowings			100,000
Government grant income			267,243
Net capital payment offinance lease liabilities			(10,143)	(19,414)
Net cash from/(used in) financing activities			357,100	(19,414)
Net increase/(decrease) in	cash and cash	equivalents	61,123	(52,689)
Cash and cash equivalents	at beginning	ofyear	207,328	260,017
Cash and cash equivalents	at end ofyear		268,451	207,328

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
Donations			226,704	96,106	322,810
Donations	for bursaries			22,979	22,979
Legacies			43,020		43,020
Government		grants	267,243		267,243
			536,967	119,085	656,052
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2019
Donations			163,707	20,850	184,557
Donations	for bursaries			56,403	56,403
Legacies			22,225		22,225
			185,932	77,253	263,185

Charitable activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
			F
Holiday income	195,421	195,421	1,078,042	1,078,042
Staff rents	13,056	13,056	12,663	12,663
Grass keep	2,350	2,350	2,338	2,338
	210,827	210,827	1,093,043	1,093,043

Other	trading	acti	vities
					Restricted	Total	Funds	Restricted	Total	Funds
					Funds		2020	Funds		2019
										F
Other	activities	for	generating	funds	750		750	970		970

Unrestricted	Restricted	Total	Funds
Funds	Funds		2020
135	18		153

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2019
						f
	Bank	interest		562	121	683
9.	Other	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds	2019
	Other	income	21,188	21,188	29,672	29,672
10.	Costs	of raising donations	and legacies

						Unrestricted	Total	Funds	Unrestricted	Total	Funds
						Funds		2020	Funds		2019
Costs	of	raising	donations	and	legacies	64,347		64,347	87,867		87,867

Expenditure on	charitable activities by fun	d type
		Unrestricted	Restricted	Total Funds
		Funds f	Funds	2020
Accommodation	8 activities	675,749	61,145	736,894
Depreciation		187,678		187,678
Costs of running	Discovery Centre		6,760	6,760
Support costs		270,088		270,088
		1,133,515	67,905	1,201,420
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
Accommodation	& activities	983,895	11,767	995,662
Depreciation		182,182		182,182
Costs of running	Discovery Centre		3,645	3,645
Support costs		337,372		337,372
		1,503,449	15,412	1,518,861

Expenditure	on	charitable activities	by activity typ	e
			Activities
			undertaken		Total funds	Total fund
			directly	Support costs	2020	2019
				F
Accommodation		&activities	736,894	263,248	1,000,142	1,326,194
Depreciation			187,678		187,678	182,182
Costs of running		Discovery Centre	6,760		6,760	3,645
Governance	costs			6,840	6,840	6,840
			931,332	270,088	1,201,420	1,518,861

Analysis	ofsu	pport costs
			Support costs	Total 2020	Total 2019
			F		F
Staff costs			208,769	208,769	258,353
General	office		29,718	29,718	28,496
Marketing			23,602	23,602	41,399
Hire purchase		interest	1,159	1,159	2,284
Auditor's	remuneration		6,840	6,840	6,840
			270,088	270,088	337,372

Net expenditure	Net expenditure
Net expenditure is stated		after charging/(crediting):
			2020	2019
Depreciation	of tangible	fixed assets	187,678	182,182
Fees payable	for the audit ofthe financial statements		6,840	6,840

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2020	2019
Wages and salaries				711,207	865,317
Social security costs				45,983	59,265
Employer	contributions	to pension	plans	19,119	19,997
				776,309	944,579

of full-time	equivalent emp	loyees during the ye	ar is analysed as follows:
			2020	2019
			No.	No.
Office			11	12
Fundraising			2	2
Caretaker/maintenance			3	3
Instructor			12	13
Domestic and catering			7	8
			35	38
The number	of employees	whose remuneration	for the year fell within the following	bands, were:
			2020	2019
			No.	No.
f60,000 to	669,999

Tangible fixed ass	ets
		Long
	Freehold	leasehold	Plant and	Fixtures and	Motor
	property	property	machinery	fittings	vehicles	Total
				F
Cost
At 1 Dec2019	5,900,628	104,147	953,867	369,335	50,319	7,378,296
Additions	4,870		66,303	2,797		73,970
At 30 Nov 2020	5,905,498	104,147	1,020,170	372,132	50,319	7,452,266
Depreciation
At 1 Dec2019	2,034,334	41,471	700,226	321,535	49,800	3,147,366
Charge for the
year	118,111	2,083	40,904	26,320	260	187,678
At 30 Nov 2020	2,152,445	43,554	741,130	347,855	50,060	3,335,044
Carrying amount
At 30 Nov 2020	3,753,053	60,593	279,040	24,277	259	4,117,222
At 30 Nov 2019	3,866,294	62,676	253,641	47,800	519	4,230,930

	assets held unde	r finance leases or hire purchase agree	ments:
				Plant and
				machinery
	At 30 November	2020		86,276
	At 30 November	2019		92,439
19.	Stocks
			2020	2019
	Finished goods	and goods for resale	1,778	2,236

20.	Debtors
						2020	2019
	Trade debtors					323,602	311,986
	Prepayments and		accrued income			65,507	51,879
						389,109	363,865
21.	Creditors:	amounts falling due within		one year
						2020	2019
	Bank loans	and overdrafts				8,333
	Payments	received	on account			8,972
	Trade creditors					48,773	49,732
	Accruals and deferred income					709,191	513,121
	Social security and		other taxes			87,146	32,088
	Obligations	under	finance leases and hire purchase		contracts	10,436	20,450
						872,851	615,391
	The hire purchase		creditors are secured	by the assets to which they relate.
22.	Creditors:	amounts falling due after more than			one year
						2020	2019
	Bank loans	and overdrafts				91,667
	Obligations	under	finance leases and hire purchase		contracts	8,789	8,918
						100,456	8,918

23.	Finance leases	and hire	purchase	contracts	contracts
	The total future	minimum	lease payments		under finance leases and hire purchase	contracts are
	as follows:
					2020	2019
	Not later than 1	year			10,436	20,450
	Later than 1 year and not		later than	5 years	8,789	8,918
					19,225	29,368

Deferred income
		2020	2019
At 1 December 2019		461,262	374,998
Amount released	to income	(128,072)	(374,998)
Amount deferred	in year	330,519	461,262
At 30 November	2020	663,709	461,262

Government	grants	grants
The amounts	recognised in the financial statements		for government	grants are as follows:
				2020	2019
Recognised	in income from donations	and legacies:
Government	grants income			267,243

Unrestricte	d funds
			At				At 30
		1	December				November
			2019	Income	Expenditure	Transfers	2020
General reserve			(293,331)	769,117	(1,010,184)	13,271	(521,127)
Bursary fund			50,000			(10,000)	40,000
Equipment	fund		50,000				50,000
Tangible fixed asset
fund			4,230,929		(187,678)	73,970	4,117,221
			4,037,598	769,117	(1,197,862)	77,241	3,686,094
			At				At 30
		1 December					November
			2018	Income f	Expenditure f	Transfers	2019
General reserve			(244,887)	1,306,773	(1,409,134)	53,917	(293,331)
Bursary fund			50,000				50,000
Equipment	fund		50,000				50,000
Tangible fixed asset
fund			4,322,610		(182,182)	90,501	4,230,929
			4,177,723	1,306,773	(1,591,316)	144,418	4,037,598

			At				At 30
		1	December				November
			2019	Income	Expenditure	Transfers	2020
						F
Bursary funds			42,805	22,979		(1,294)	64,490
Unlocking potential			17,081	768	(6,761)		11,088
Capital restricted	fund		55,852			(52,302)	3,550
Equipment restricted
fund			7,175	2,820		(4,106)	5,889
Fabric restricted	fund		654			(654)
Adrian Swire Charitable
Trust			7,709			(7,709)
Peter Harrison
Foundation			2,423			(2,423)
The Fairfield Charitable
Trust			1,533			(1,533)
Awards for All			7,220			(7,220)
Social Enterprise
Support Fund				44,989	(14,996)		29,993
The National Lottery
Community Fund				48,297	(46,148)		2,149
			142,452	119,853	(67,905)	(77,241)	117,159

				At				At 30
			1	December				November
				2018	Income	Expenditure	Transfers	2019
						F
Bursary funds				51,613	56,488		(65,296)	42,805
Unlocking potential				19,719	1,008	(3,646)		17,081
Capital restricted		fund		109,232	9,805		(63,185)	55,852
Equipment restricted
fund				17,491	2,025	(3,212)	(9,129)	7,175
Fabric restricted		fund		1,495	1,798	(6,118)	3,479	654
Adrian Swire	Charitable
Trust				17,996			(10,287)	7,709
Peter Harrison
Foundation				2,423				2,423
The Fairfield Charitable
Trust				1,533				1,533
Awards for All					9,656	(2,436)		7,220
Orchard-Lisle	Fund
Social Enterprise
Support Fund
The National	Lottery
Community Fund
				221,502	80,780	(15,412)	(144,418)	142,452

Analysis of net as	se	ts between funds
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			F	F
Tangible fixed assets Current assets			4,117,222 542,179	117,159	4,117,222 659,338
Creditors less than	1 year		(872,851)		(872,851)
Creditors greater than		1 year	(100,456)		(100,456)
Net assets			3,686,094	117,159	3,803,253
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2019
				F	F
Tangible fixed assets Current assets			4,230,930 406,222	142,452	4,230,930 548,674
Creditors less than 1 Creditors greater than		year 1 year	(590,636) (8,918)		(590,636) (8,918)
Net assets			4,037,598	142,452	4,180,050
Analysis ofchanges		in net debt
					At
			At 1 Dec 2019	Cash flows	30 Nov 2020
				F
Cash at bank and	in hand		207,328	61,123	268,451
Debt due within one year			(20,450)	1,681	(18,769)
Debt due after one	year		(8,918)	(91,538)	(100,456)
			177,960	(28,734)	149,226

					2020	2019
Income and endowments
Donations and legacies
The Calvert Council						10,000
Other donations (under E5,000)					92,305	91,543
Friends of Calvert Trust Exmoor					6,000	8,103
Baily Thomas					20,000
Big Lottery Fund						9,656
Clare Milne Trust						18,755
British Equestrian Federation					6,814	8,000
Peter Dixon Charitable trust						3,500
National Lottery Community Fund					48,296
The Leathersellers' Company	Charitable			Fund	15,000	15,000
The Farringdon House School	Trust					5,000
The Fairfield Charitable Trust	Fund					5,000
The Beatrice Laing Trust					25,000
The 29th May 1961Charitable	Trust				5,000	5,000
The Bruce Wake Charity					10,000
The Calvert Trust Other donations for bursaries	(under		f5,000)		6,465	5,000 22,903
Social Enterprise Support Fund					44,989
Sports England Fund					9,920
The Sun Readers Fund					16,000
The Edward Gosling Foundation					5,000	10,000
The Talbot Trust					5,000
Peter Dixon Charitable Trust						11,000
Alice Ellen Cooper-Dean Foundation						5,000
The Aubrey Orchard-Lisle Charitable			Trust		5,000	5,000
Paul Orchard-Lisle					25,000
Eveson Charitable Trust						2,500
Legacies					43,020	22,225
Job Retention Scheme					242,243
North Devon Council Discretionary		Fund			25,000
					656,052	263,185

Charitable activities	Charitable activities
			2020	2019
Holiday income			195,421	1,078,042
Staff rents			13,056	12,663
Grass keep			2,350	2,338
			210,827	1,093,043
Other trading	activities
Other activities	for generating	funds	750	970
Investment income
Bank interest			153	683
Other income
Other income			21,188	29,672
Total income			873,970	1,387,553

		2020	2019
Costs of raising donations	and legacies
Wages and salaries		43,016	51,486
Employer's NIC		2,883	3,709
Pension costs		551	773
Consultancy		17,519	31,525
Administration		378	374
Costs of raising donations	and legacies	64,347	87,867

					2020	2019
Expenditure on	charitable			activities
Accommodation	&activities
Acti vities undertaken		directly
Domestic expenses					25,505	96,167
Wages and salaries					479,940	581,350
Employers NlC					27,016	35,082
Pension costs					14,134	13,826
Services					14,117	19,695
Light and heat					52,750	82,289
Repairs and maintenance					37,039	60,526
Professional fees					54,202	57,577
Administration					740	536
Staff costs					14,778	6,313
Activities					16,673	42,301
					736,894	995,662
Support costs
Wages and salaries					188,251	232,481
Employers Nl					16,084	20,474
Pension costs					4,434	5,398
Administration					29,718	28,496
Hire purchase interest					1,159	2,284
Marketing					23,602	41,399
					263,248	330,532
Depreciation
Activities undertaken		directly
Depreciation					187,678	182,182
Costs of running	Discovery Centre
Activities undertaken		directly
Discovery Centre	running		costs		6,760	3,645
Governance costs
Audit fees					6,840	6,840
Expenditure on	charitable			activities	1,201,420	1,518,861