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|||||||Pages|
|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating|||the|director's|report)|1 to 10|
|Independent|auditor's|report to the members||||11to 15|
|Statement
expenditure|offinancial
account)|activities (Including||income|and|16|
|Statement|of financial|position||||17|
|Statement|of cash flows|||||18|
|Notes to the financial||statements||||19to 33|
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|financial st|atements
ofthe charit|atements
ofthe charit|atements
ofthe charit|y for the year end|ed 30November
2022.|
|---|---|---|---|---|---|
|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
Croucher OBE||
|||||Ann Gumming|BEM|
|||||Colin Drummond
OBE DL||
|||||John Gillett||
|||||Antoine
Khayat DL
Sir Michael
Knight KCBAFC (Deceased 28.11.22)||
|||||Michael
Mant||
|||||Annie
Maw LL||
|||||Rob Paynter||
|||||Brian Sherwin||
|||||Colin Walker||
|||||Dr Tom Bigge||
|||||Lady Gass DCVO JP||
|The Trustees||||||
|||||Lady Acland||
|||||The Countess|of Arran CVO 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||Jennifer Young, Centre||Director from 2.5.23 (previously||Andrew|
|||Laming)|||||
|Auditor||Westcotts (SW) LLP|||||
|||Chartered
Accountants||&Statutory|Auditors||
|||47 Boutport|Street||||
|||Barnstaple|||||
|||Devon|||||
|||EX311SQ|||||
|Bankers||National
Westminster|||||
|||41 High Street|||||
|||Barnstaple|||||
|||Devon|||||
|||EX31 1BZ|||||
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|t|t|t||
|Income and endowments||||||||
|Donations
and legacies
Charitable
activities|||6|176,662
1,023,795|101,388|278,050
1,023,795|779,535
430,405|
|Other trading
activities
Investment
income|||7
8|971||982|468
64|
|Other income|||9|35,832||35,832|494,836|
|Total income||||1,237,260|101,399|1,338,659|1,705,308|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs of raising donations
and
legacies
Expenditure
on charitable
activities|||10
11,12|108,764
1,551,559|17,161|108,764
1,568,720|51,253
1,158,471|
|Total expenditure||||1,660,323|17,161|1,677,484|1,209,724|
|Net (expenditure)/income||||(423,063)|84,238|(338,825)|495,584|
|Transfers
between funds||||75,652|(75,652)|||
|Net movement
in funds||||(347,411)|8,586|(338,825)|495,584|
|Reconciliation offunds||||||||
|Total funds brought
forward||||4,188,095|110,742|4,298,837|3,803,253|
|Total funds carried forward||||3,840,684|119,328|3,960,012|4,298,837|
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|30November
202|2|||||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|2||
|Fixed assets
Tangible fixed assets|||18|3,877,040|3,959,917|
|Current assets
Stocks
Debtors
Cash at bank and
in hand|||19
20|1,924
286,556
508,451|1,561
289,154
865,679|
|||||796,931|1,156,394|
|Creditors: amounts|falling due within one year||21|662,292|745,807|
|Net current liabilities||||134,639|410,587|
|Total assets less current liabilities||||4,011,679|4,370,504|
|Creditors: amounts|falling due after more than one year|-|22|51,667|71,667|
|Net assets||||3,960,012|4,298,837|
|Funds ofthe charity
Restricted funds
Unrestricted
funds||||119,328
3,840,684|110,742
4,188.095|
|Total charity funds|||27|3960012|4298837|
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|Company
Limited
by Guarantee
Statement of Cash Flows
Year ended 30November
2022||||
|---|---|---|---|
|||2022
f|2021|
|Cash flows from operating
activities
Net (expenditure)/income||(338,825)|495,584|
|Adjustments
for:
Depreciation
oftangible fixed assets
Government
grant income
Other interest receivable
and similar income||170,406
(982)|175,392
(167,723)
(64)|
|Interest payable and similar
charges
Gains on disposal of tangible
fixed assets
Accrued (income)/expenses||6,407
(1,060)
(6,968)|1,656
(469,027)
42,349|
|Changes
/n:
Stocks||(363)|217|
|Trade and other debtors||2,598|61,192|
|Trade and other creditors||(139,310)|(139,998)|
|Cash used by operations||(307,197)|(422)|
|Interest paid
Interest received||(6,407)
982|(1,656)
64|
|Net cash used in operating
activities||(312,622)|(2,014)|
|Cash flows from investing
activities
Purchase
oftangible assets
Proceeds from sale oftangible assets||(88,369)
1,900|(144,346)
595,286|
|Net cash (used in)/from
investing
activities||(86,469)|450,940|
|Cash flows from financing
activities
Proceeds from borrowings
Repayments
of borrowings
Government
grant income
Net capital payment
offinance lease liabilities||70,000
(20,000)
(8,137)|(8,333)
167,723
(11,088)|
|Net cash from financing
activities||41,863|148,302|
|Net (decrease)/increase
in cash and cash
Cash and cash equivalents
at beginning|equivalents
of year|(357,228)
865,679|597,228
268,451|
|Cash and cash equivalents
at end of year||508,451|865,679|
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|||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds||2022|
||||||2||2|
|Donations||||166,044|83,804||249,848|
|Donations|for||bursaries||17,069||17,069|
|Legacies
Government||grants||4,618
6,000|515||5,133
6,000|
|||||176,662|101,388||278,050|
|||||Unrestncted|Restricted|Total Funds||
|||||Funds|Funds||2021|
|||||2|2|||
|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|
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|6.|Charitable
a|ctivities||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|Unrestricted||Total Funds|
||||||Funds|2022||Funds|2021|
|||||||2||2||
||Holiday income
Staff rents||||981,044
39,555|981,044
39,555||412,158
15,786|412,158
15,786|
||Grass keep||||3,196|3,196||2,461|2,461|
||||||1,023,795|1,023,795||430,405|430,405|
|7.|Other trading activities|||||||||
||||||Restricted|Total Funds||Restricted|Total Funds|
||||||Funds|2022||Funds|2021|
||||||6|2|||2|
||Other activities for generating|||funds||||468|468|
|8.|Investment|income||||||||
|||||||Unrestricted||Restricted|Total Funds|
|||||||Funds||Funds|2022|
||||||||||2|
||Bank interest|||||971||11|982|
|||||||Unrestricted||Restricted|Total Funds|
|||||||Funds||Funds|2021|
|||||||2||||
||Bank interest|||||63||1|64|
|9.|Other income|||||||||
||||||Unrestricted|Total Funds|Unrestricted||Total Funds|
||||||Funds|2022||Funds|2021|
|||||||2||||
||Gain on disposal oftangible
assets held for charity's
own
Other income|||fixed
use|1,060
34,772|1,060
34,772|'|469,027
25,809|469,027
25,809|
||||||35,832|35,832||494,836|494,836|
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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2022|Funds|2021|
|||2|2||2|
|Costs of raising donations
- Donations|and legacies|108,764|108,764|51,253|51,253|
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|Expenditure
on|charitable
activities by fun|d type|||
|---|---|---|---|---|
|||Unrestricted|Restdcted|Total Funds|
|||Funds|Funds|2022|
|||2||2|
|Accommodation
Depreciation
Costs of running
Support costs|&activities
Discovery Centre|1,045,667
170,406
335,486|15,348
1,813|1,061,015
170,406
1,813
335,486|
|||1,551,559|17,161|1,568,720|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||2|||
|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|
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|||Activities||||
|---|---|---|---|---|---|
|||undertaken||Total funds|Total fund|
|||directly|Support costs|2022|2021|
|||2||2||
|Accommodation
&activities
Depreciation
Costs of running
Discovery Centre
Governance costs||1,061;015
170,406
1,813|328,526
6,960|1,389,541
170,406
1,813
6,960|972,710
175,392
3,529
6,840|
|||1,233,234|335,486|1,568,720|1,158,471|
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|||Support costs|Total 2022|Total 2021|
|---|---|---|---|---|
||||2|2|
|Staff costs||266,955|266,955|175,198|
|General|office|35,997|35,997|26,531|
|Marketing
Interest paid
Auditor's
remuneration||19,167
6,407
6,960|19,167
6,407
6,960|19,559
1,656
6,840|
|||335,486|335,486|229,784|
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|Net expenditure/(income)
is stated after charging/(crediting):|||
|---|---|---|
||2022|2021|
|||2|
|Depreciation
oftangible fixed assets
Gains on disposal oftangible
fixed assets
Fees payable for the audit ofthe financial statements|170,406
(1,060)
6,960|175,392
(469,027)
6,840|
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||||2022|2021|
|---|---|---|---|---|
||||2||
|Wages and salaries
Social security costs
Employer
contributions|to pension|plans|917,708
67,176
23,540|632,189
42,334
15,235|
||||1,008,424|689,758|
||||||2021|
|---|---|---|---|---|---|
||||||No.|
|Office|||||11|
|Fundraising
Caretaker/maintenance|||||2
3|
|Instructor|||||12|
|Domestic and catering|||||7|
||||||35|
|The number|of employees||whose remuneration|for the year fell within the following
2022|bands, were:
2021|
|||||No.|No.|
|260000t|269999|||1||
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|Tangible fixed ass|ets||||||
|---|---|---|---|---|---|---|
|||Long|||||
||Freehold|leasehold|Plant and Fixtures and||Motor||
||property|property|machinery|fittings
2|vehicles|Total|
|Cost|||||||
|At 1 Dec 2021
Additions|5,626,486
31,561|104,147|1,135,155
53,812|380,505
2,996|49,019|7,295,312
88,369|
|Disposals|||(1,200)|||(1,200)|
|At 30 Nov 2022|5,658,047|104,147|1,187,767|383,501|49,019|7,382,481|
|Depreciation
At1 Dec2021|2,091,073|45,637|793,526|356,140|49,019|3,335,395|
|Charge for the
year
Disposals|112,837|2,083|47,327
(360)|8,159||170,406
(360)|
|At 30Nov 2022|2,203,910|47,720|840,493|364,299|49,019|3,505,441|
|Carrying
amount
At 30Nov 2022|3,454,137|56,427|347,274|19,202||3,877,040|
|At 30 Nov 2021|3,535,413|58,510|341,629|24,365||3,959,917|
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|19.|Stocks||||
|---|---|---|---|---|
||||2022|2021|
||||2||
||Finished goods and goods for resale||1,924|1,561|
|20.|Debtors||||
||||2022|2021|
||Trade debtors||251,170|261,950|
||Prepayrnents
and accrued income||35,386|27,204|
||||286,556|289,154|
|21.|Creditors: amounts
falling due within one year||||
||||2022|2021|
||Bank loans and overdrafts||20,000|20,000|
||Payments
received on account
Trade creditors||41,852
58,120|11,727
50,390|
||Accruals and deferred
income||454,633|617,605|
||Social security and other taxes
Obligations
under finance leases and hire purchase
Supporters'loans|contracts|17,687
70,000|37,948
8,137|
||||662,292|745,807|
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||||2022|2021|
|---|---|---|---|---|
|||||2|
|At 1 December 2021|||568,537|663,709|
|Amount|released|to income|(568,537)|(663,709)|
|Amount|deferred|in year|411,633|568,537|
|At 30November||2022|411,633|568,537|
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|||At||||At 30|
|---|---|---|---|---|---|---|
||1 December|||||November|
|||2021|Income|Expenditure|Transfers|2022|
|||||2||2|
|General reserve
Bursary fund
Equipment
fund||138,180
40,000
50,000|1,237,260|(1,490,277)|(11,519)|(126,356)
40,000
50,000|
|Tangible fixed asset
fund||3,959,915||(170,046)|87,171|3,877,040|
|||4,188,095|1,237,260|(1,660,323)|75,652|3,840,684|
|||At||||At 30|
||1|December||||November|
|||2020|Income|Expenditure|Transfers|2021|
|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|
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|Restrictedfunds|||||||
|---|---|---|---|---|---|---|
|||At||||At 30|
|||1 December||||November|
|||2021|Income|Expenditure|Transfers|2022|
|||2||2|2||
|Bursary funds
Unlocking
potential
Capital restricted
fund||87,201
8,028
1,621|17,069
11
59,690|(1,813)
(13,158)|(52,926)
(2,611)|51,344
6,226
45,542|
|Equipment
restricted
fund||12,292|21,129|(590)|(20,115)|12,716|
|Fabric restricted|fund|1,600||(1,600)|||
|Social Enterprise|||||||
|Support
Fund|||||||
|The National
Lottery|||||||
|Community
Fund
Jack Riley Trust|Fund||3,500|||3,500|
|||110,742|101,399|(17,161)|(75,652)|119,328|
|||At||||At 30|
|||1 December||||November|
|||2020|Income|Expenditure|Transfers|2021|
|Bursary funds
Unlocking
potential
Capital restricted
fund||64,490
11,088
3,550|40,570
469|(1)
(3,529)|(17,858)
(1,929)|87,201
8,028
1,621|
|Equipment
restricted
fund
Fabric restricted
fund||5,889|41,429
1,600|(16,461)|(18,565)|12,292
1,600|
|Social Enterprise|||||||
|Support Fund||29,993||(29,993)|||
|The National
Lottery|||||||
|Community
Fund||2,149|57,946|(60,095)|||
|Jack Riley Trust|Fund||||||
|||117,159|142,014|(110,079)|(38,352)|110,742|
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|Analysis of net as|se|ts between funds|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds||
||||Funds|Funds||2022|
|||||||2|
|Tangible fixed assets
Current assets|||3,877,040
677,603|119,328||3,877,040
796,931|
|Creditors less than
1
Creditors greater than||year
1 year|(662,292)
(51,667)|||(662,292)
(51,667)|
|Net assets|||3,840,684|119,328||3,960,012|
||||Unrestdicted|Restdicted||Total Funds|
||||Funds|Funds||2021|
|Tangible fixed assets
Current assets|||3,959,915
1,045,652|110,742||3,959,915
1,156,394|
|Creditors less than
1
Creditors greater than||year
1 year|(745,807)
(71,667)|||(745,807)
(71,667)|
|Net assets|||4,188,093|110,742||4,298,835|
|Analysis of changes||in net debt|||||
|||||||At|
||||At1Dec2021|Cash flows||30Nov2022|
|||||2||2|
|Cash at bank and|in hand||865,679|(357,228)||508,451|
|Debt due within one year
Debt due after one year|||(28 137)
(71,667)|8 137
20,000||(20000)
(51,667)|
||||765,875|(329,091)||436,784|
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