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