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||||||||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|
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|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||
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|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|||||
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|||||||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|
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|||||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|
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||||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|
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||||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|
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|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|
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|||||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|
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|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|
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|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|
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|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||||
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|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|
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|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|
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|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|
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|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||
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|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|
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||||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|
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|||||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|
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|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|
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||||||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|
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|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|
##
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##
|||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|
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||||||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|