2021-11-30-accounts - Exmoor Calvert Trust

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							Pages
Trustees' annual report (incorporating				the	director's	report)	1 to 12
Independent	auditor's	report to	the members				13to 16
Statement	offinancial	activities	(including		income and
expenditure	account)						17
Statement	of financial	position					18
Statement	ofcash flows						19
Notes to the financial		statements					20to 33

financial st	financial st	atements ofthe charit	atements ofthe charit	atements ofthe charit	y for the year en	d	ed 30 November 2021.
Reference		and administrative			details
Registered		charity	name		Exmoor Calvert		Trust
Charity	registration		number		1005776
Company		registration		number	02637448
Principal	office and		registered		Wistlandpound
office					Kentisbury
					Barnstaple
					Devon
					EX314SJ
Vice Presidents					Marcia Cook
					Norman CroucherOBE
					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					I ady 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
Officers					Andrew Laming,		Centre Director and Chief Financial	Officer.
Company		secretary			Christopher Gregson

Auditor	Thomas Westcott
	Chartered Accountants	& Statutory Auditors
	47 Boutport Street
	Barnstaple
	Devon
	EX31 1SQ
Bankers	National Westminster	Bank pic
	41 High Street
	Barnstaple
	Devon

						2021		2020
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note	E	6	E	6
Income and endowments
Donations and legacies					637,990	141,545	779,535	656,052
Charitable activities					430,405		430,405	210,827
Other trading activities						468	468	750
Investment income					63	1	64	153
Other income					494,836		494,836	21,188
Total income					1,563,294	142,014	1,705,308	888,970
Expenditure
Expenditure on raising funds:
Costs of raising donations			and
legacies				10	51,253		51,253	64,347
Expenditure on charitable		activities		11,12	1,048,392	110,079	1,158,471	1,201,420
Total expenditure					1,099,645	110,079	1,209,724	1,265,767
Net income/(expenditure)					463,649	31,935	495,584	(376,797)
Transfers between	funds				38,352	(38,352)
Net movement in	funds				502,001	(6,417)	495,584	(376,797)
Reconciliation of	funds
Total funds brought	forward				3,686,094	117,159	3,803,253	4,180,050
Total funds carried forward					4,188,095	110,742	4,298,837	3,803,253

30 November 20	21
			Note	2021 8	2020 f
Fixed assets
Tangible fixed assets			18	3,959,917	4,117,222
Current assets
Stocks			19	1,561	1,778
Debtors			20	289,154	389,109
Cash at bank and in hand				865,679	268,451
				1,156,394	659,338
Creditors: amounts	falling	due within one year	21	745,807	872,851
Net current assets				410,587	(213,513)
Total assets less current		liabilities		4,370,504	3,903,709
Creditors: amounts	falling	due 'after more than one year	22	71,667	100,456
Net assets				4,298,837	3,803,253
Funds ofthe charity Restricted funds				110,742	117,159
Unrestricted funds				4,188,095	3,686,094
Total chadity funds			27	4,298,837	3,803,253

			2021	2020
			6
Cash flows from operating	activities
Net income/(expenditure)			495,584	(376,797)
Adjustments for:
Depreciation of tangible fixed assets			175,392	187,678
Government grant income			(167,723)	(267,243)
Other interest receivable and similar income			(64)	(153)
Interest payable and similar	charges		1,656	1,159
Gains on disposal oftangible fixed assets			(469,027)
Accrued expenses/(income)			42,349	(20,385)
Changes in:
Stocks			217	458
Trade and other debtors			61,192	(11,236)
Trade and other creditors			(139,998)	265,518
Cash generated from operations			(422)	(221,001)
Interest paid			(1,656)	(1,159)
Interest received			64	153
Net cash used in operating	activities		(2,014)	(222,007)
Cash flows from investing	activities
Purchase oftangible assets			(144,346)	(73,970)
Proceeds from sale oftangible assets			595,286
Net cash used in investing activities			450,940	(73,970)
Cash flows from financing	activities
Proceeds from borrowings			(8,333)	100,000
Government grant income			167,723	267,243
Net capital payment offinance lease liabilities			(11,088)	(10,143)
Net cash from financing activities			148,302	357,100
Net increase in cash and cash equivalents			597,228	61,123
Cash and cash equivalents	at beginning	ofyear	268,451	207,328
Cash and cash equivalents	at end ofyear		865,679	268,451

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
				6	6
Donations			470,267	100,976	571,243
Donations	for bursaries			40,569	40,569
Legacies
Government		grants	167,723		167,723
			637,990	141,545	779,535
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
				6	6
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	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		E	E		E
Holiday	income	412,158	412,158	195,421	195,421
Staff rents		15,786	15,786	13,056	13,056
Grass	keep	2,461	2,461	2,350	2,350
		430,405	430,405	210,827	210,827

			Restricted	Total Funds	Restricted	Total Funds
			Funds	2021	Funds	2020
			F	E	E
Other activities for generating		funds	468	468	750	750
Investment	income
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
						E
Bank interest				63	1	64
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
				F	E	E
Bank interest				135	18	153

Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021 E	Funds F'	2020 E
Gain on disposal oftangible		fixed
assets held for charity's	own	use	469,027	469,027
Other income			25,809	25,809	21,188	21,188
			494,836	494,836	21,188	21,188

Costs of raising donation	s and legaci	es
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		E	E	E
Costs ofraising donations	and legacies
- Donations		51,253	51,253	64,347	64,347

Expenditure on	charitable activities by fun	d type
		Unrestncted	Restricted	TotalFunds
		Funds	Funds	2021
		E	E	E
Accommodation	& activities	643,216	106,550	749,766
Depreciation Costs of running Support costs	Discovery Centre	175,392 229,784	3,529	175,392 3,529 229,784
		1,048,392	110,079	1,158,471
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		E		F
Accommodation	& activities	675,749	61,145	736,894
Depreciation Costs of running	Discovery Centre	187,678	6,760	187,678 6,760
Support costs		270,088		270,088
		1,133,515	67905	1 201 420

Expenditure	on	charitable activities	by activity typ	e
			Activities
			undertaken		Total funds	Total fund
			directly	Support costs	2021	2020
			E	E	E	E
Accommodation		& activities	749,766	222,944	972,710	1,000,142
Depreciation			175,392		175,392	187,678
Costs of running		Discovery Centre	3,529		3,529	6,760
Governance	costs			6,840	6,840	6,840
			928,687	229,784	1,158,471	1,201,420

Analysis ofsu	pport costs
		Support costs	Total 2021	Total 2020
		E	E	E
Staff costs		175,198	175,198	208,769
General office		26,531	26,531	29,718
Marketing Hire purchase	interest	19,559 945	19,559 945	23,602 1,159
Bank loan interest		711	711
Auditor's remuneration		6,840	6,840	6,840
		229,784	229,784	270,088

Net income/(e	xpenditure) is stated after charging/(crediting):
		2021	2020
			F
Depreciation	oftangible fixed assets	175,392	187,678
Gains on disposal oftangible fixed assets		(469,027)
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:
				2021	2020
				6	6
Wages and salaries				632,189	711,207
Social security costs				42,334	45,983
Employer	contributions	to pension	plans	15,235	19,119
				689,758	776,309

The average head count of employees during th of full-time equivalent employees during the year	e year was 38 is analysed as (2020:47). The avera follows:	ge number
	2021	2020
	No.	No.
Office	8	11
Fundraising	4	2
Caretaker/maintenance	2	3
Instructor	7	12
Domestic and catering	6	7
	27	35

Tangible fixed ass	ets
		Long
	Freehold	leasehold	Plant and	Fixtures and	Motor
	property f	property 8	machinery 8	fittings	vehicles 6	Total
Cost
At 1 Dec2020 Additions	5,905,498 20,988	104,147	1,020,170 114,985	372,132 8,373	50,319	7,452,266 144,346
Disposals	(300,000)				(1,300)	(301,300)
At 30 Nov 2021	5,626,486	104,147	1,135,155	380,505	49,019	7,295,312
Depreciation At 1 Dec2020	2,152,445	43,554	741,130	347,855	50,060	3,335,044
Charge for the year Disposals	112,628 (174,000)	2,083	52,396	8,285	(1,041)	175,392 (175,041)
At 30 Nov 2021	2,091,073	45,637	793,526	356,140	49,019	3,335,395
Carrying amount At 30 Nov 2021	3,535,413	58,510	341,629	24,365		3,959,917
At 30 Nov 2020	3,753,053	60,593	279,040	24,277	259	4,117,222

	assets held unde	r finance leases or hire purchase agree	ments:
				Plant and
				machinery
				6
	At 30 November	2021		80,114
	At 30 November	2020		86,276
19.	Stocks
			2021	2020
	Finished goods	and goods for resale	1,561	1,778

20.	Debtors
					2021	2020
					6	6
	Trade debtors				261,950	323,602
	Prepayments and accrued income				27,204	65,507
					289,154	389,109
21.	Creditors: amounts falling due within		one year
					2021	2020
						F
	Bank loans and overdrafts				20,000	8,333
	Payments received Trade creditors	on account			11,727 50,390	8,972 48,773
	Accruals and deferred income				617,605	709,191
	Social security and Obligations under	other taxes finance leases and hire purchase		contracts	37,948 8,137	87,146 10,436
					745,807	872,851
	The hire purchase	creditors are secured	by the assets to which they relate.
22.	Creditors: amounts falling due after more than			one year

Creditors:	amounts falling due after more than o	ne year
			2021	2020
			5	F
Bank loans	and overdrafts		71,667	91,667
Obligations	under finance leases and hire purchase	contracts		8,789
			71,667	100,456

Finance leases	and hire	purchase contra	cts
The total future	minimum	lease payments	under finance leases and hire purchase	contracts are
as follows:
			2021	2020
Not later than 1 year Later than 1 year and not		later than 5years	8,137	10,436 8,789
			8,137	19,225

			2021	2020
			F.
At 1 December 2020			663,709	461,262
Amount	released	to income	(663,709)	(128,072)
Amount	deferred	in year	568,537	330,519
At 30 November		2021	568,537	663,709

Unrestricted funds
		At				At 30
	1 December					November
		2020	Income	Expenditure	Transfers	2021
		F	F.	6		6
General reserve Bursary fund Equipment fund		(521,127) 40,000 50,000	1,563,294	(1,099,293)	195,306	138,180 40,000 50,000
Tangible fixed asset fund		4,117,221		(352)	(156,954)	3,959,915
		3,686,094	1,563,294	(1,099,645)	38,352	4,188,095
		At				At 30
	1	December				November
		2019	Income	Expenditure	Transfers	2020
		6	E	6	F	F
General reserve		(293,331)	769,117	(1,010,184)	13,271	(521,127)
Bursary fund Equipment fund		50,000 50,000			(10,000)	40,000 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
		2020	Income	Expenditure	Transfers	2021
				F	6
Bursary funds		64,490	40,570		(17,858)	87,202
Unlocking potential		11,088	469	(3,529)		8,028
Capital restricted	fund	3,550			(1,929)	1,621
Equipment restricted
fund		5,889	41,429	(16,462)	(18,565)	12,291
Fabric restricted	fund		1,600			1,600
Adrian Swire Charitable
Trust
Peter Harrison
Foundation
The Fairfield Charitable
Trust
Awards for All
Social Enterprise
Support Fund		29,993		(29,993)
The National Lottery
Community Fund		2, 149	57,946	(60,095)
		117,159	142,014	(110,079)	(38,352)	110,742
		At				At 30
		1 December				November
		2019	Income	Expenditure	Transfers	2020
		6	6		6	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 Swinge 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

Analysis	ofnet as	se	ts between funds
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				E	E	8
Tangible Current	fixed assets assets			3,959,917 1,045,652	110,742	3,959,917 1,156,394
Creditors	less than	1	year	(745,807)		(745,807)
Creditors	greater than		1 year	(71,667)		(71,667)
Net assets				4,188,095	110,742	4,298,837
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
				F		F
Tangible Current	fixed assets 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

Analy	sis ofchanges in net debt
				At
		At 1 Dec2020	Cash flows	30 Nov 2021
		6	6	6
Cash	at bank and in hand	268,451	597,228	865,679
Debt Debt	due within one year due after one year	(18,769) (100,456)	(9,368) 28,789	(28,137) (71,667)
		149,226	616,649	765,875