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2021-03-31-accounts

Reference and Administrative	Reference and Administrative	Details
Trustees' Report			2 to 6
Independent Auditors'	Report		7to 11
Statement of Financial	Activities		12to 13
Balance Sheet			14
Notes to the Financial	Statements		15to 25

(Including Income Recognised Gains	and Expenditure and Losses)	Account and S	tatement ofT	otal
			Unrestricted	Total
			funds	2021
		Note
Income and Endowments	from:
Property rental income			135,200	135,200
Grazing income			26,174	26,174
Investment income			23,805	23,805
Small business grants			41,500	41,500
Total income			226,679	226,679
Expenditure on:
Rental property costs			(92,529)	(92,529)
Investment management	costs		(11,863)	(11,863)
Charitable activities			(83,922)	(83,922)
Total expenditure			(188,314)	(188,314)
Realised gains on investments			38,340	38,340
Unrealised gains on investments			237,156	237,156
Net income			313,861	313,861
Net movement in funds			313,861	313,861
Reconciliation offunds
Total funds brought forward			4,190,123	4,190,123
Total funds carried forward		13	4,503,984	4,503,984

					Unrestricted	Total
					funds	2020
				Note
Income and Endowments		from:
Property rental income					109,760	109,760
Grazing income					10,539	10,539
Devon Rural Archive income					9,000	9,000
Investment income					35,793	35,793
Total income					165,092	165,092
Expenditure on:
Rental property costs					(147,225)	(147,225)
Investment management	costs				(10,479)	(10,479)
Charitable activities					(113,269)	(113,269)
Total expenditure					(270,973)	(270,973)
Realised gains on investment		assets			17,381	17,381
Unrealised (losses) on investment			assets		(151,831)	151,831)
Net movement in funds					(240,331)	(240,331)
Reconciliation offunds
Total funds brought forward					4,430,454	4,430,454
Total funds carried forward				13	4,190,123	4,190,123

Balance 31 March	Sheet 2021
				2021	2020
			Note
Fixed assets
Tangible assets			8	5,121	6,851
Heritage assets			9	532,457	532,457
Investments			10	3,894,725	3,604,151
				4,432,303	4,143,459
Current assets
Debtors				25,909	22,809
Cash at bank	and in hand			86,710	53,780
				112,619	76,589
Creditors: Amounts		falling due within one year	12	(40,938)	(29,925)
Net current	assets			71,681	46,664
Net assets				4,503,984	4,190,123
Funds ofthe trust:
Unrestricted	income funds
Unrestricted	funds			4,503,984	4,190,123
Totalfunds			13	4,503,984	4,190,123

		Unrestricted
		General	Total	Total
		Fund	2021f	2020
Rental repair	costs	70,884	70,884	129,043
Insurance and utilities		11,317	11,317	9,987
Professional	fees	9,968	9,968	8,195
Office costs		360	360
		92,529	92,529	147,225

			Activity
			undertaken	Activity	Total	Total
			directly	support costs	2021	2020f
Charitable	donations		500		500	2,100
Devon Rural		Archive
operating	costs		17,596		17,596	36,507
Rental costs		ofarchive
premsies	and	related services	42,723		42,723	45,350
Support costs				18,603	18,603	24,712
Governance		costs		4,500	4,500	4,600
			60,819	23,103	83,922	113,269

Support co	sts al	locat	ed to charitable a	ctivities
					Other
				Governance	sUpport	Total	Total
			Basis of	costs	costs	2021	2020
			allocation
Office expenses			100'/o		12,471	12,471	9,057
Motor			100o/o				1,190
Accountancy			100o/o		3,385	3,385	3,371
Bank charges			1PP'/o		467	467	804
Advertising	and events		100'/o		550	550	88
Depreciation			1PP'/o		1,730	1,730	2,314
Bad debts written		off	100'/o				7,888
Audit fees			100'/o	2,600		2,600	2,600
Legal and professional			fees100'/o	1,900		1,900	2,000
				4,500	18,603	23,103	29,312

Governance costs
		Unrestricted
		general	Total	Total
		funds	2021	2020
			f,
Audit fees
Audit ofthe financial	statements	2,600	2,600	2,600
Other fees paid to auditors		1,900	1,900	2,000
		4,500	4,500	4,600

5 Net incoming	5 Net incoming	resources
Net incoming	resources for the year include:
			2021	2020
Audit fees			2,600	2,600
Other non-audit		services	1,900	2,000
Depreciation	offixed assets		1,730	2,314

8 Tangible fixed assets
		Office	Plant and
	Computers	equipment	machinery	Total
Cost
At 1 April 2020	17,926	18,085	10,525	46,536
At 31 March 2021	17,926	18,085	10,525	46,536
Depreciation
At 1 April 2020	17,734	13,531	8,420	39,685
Charge for the year	64	1,139	527	1,730
At 31 March 2021	17,798	14,670	8,947	41,415
Net book value
At 31 March 2021	128	3,415	1,578	5,121
At 31 March 2020	192	4,554	2,105	6,851
9 Heritage assets
			Artefacts	Total
				f.
Cost
At 1 April 2020			532,457	532,457
At 31 March 2021			532,457	532,457
Depreciation
At 31 March 2021
Net book value
At 31 March 2021			532,457	532,457

10 Fixed a	sset investments
		2021	2020
Investment	properties	2,749,314	2,749,314
Other investments		1,145,411	854,837
		3,894,725	3,604,151

Investment properties
	Freehold
	land and
	buildings
	R
Cost or Valuation
At 1 April 2020	2,749,314
At 31 March 2021	2,749,314

		2020	2019
8/9 Quay	Road, Plymouth	420,756	420,756
Manor House - Chillingham		813,230	813,230
Agricultural	land —Sheepham	606,345	606,345
Farmland	-Capton	24,450	24,450
Whitmore	Barn	884,533	884,533
		2,749,314	2,749,314

Other investments
	Listed
	investments	Total
	f.
Cost or Valuation
At 1 April 2020	854,837	854,837
Revaluation	237,156	237,156
Additions	221,193	221,193
Disposals
At 31 March 2021	1,145,411	1,145,411
Net book value
At 31 March 2021	1,145,411	1,145,411
At 31 March 2020	854,837	854,837

instructions agreed by the Trustee securities are made up as follows:	s. No restrictions exist on the realisation	ofthese assets. The listed
		Total
UK Investments		1,006,767
Overseas Investments		138,644
At 31 March 2021		1,145,411
	Page 22

The following	investments have	a value greater	than 5% of the investments	held at the 31 March
2021:
Holding	Investment
6,997	Segro PLC	Ord GBP0.10		65,604
6,150	Aberforth Smaller Co Trust Ord GBP0.01			92,373
80,000	JP Morgan	Emer Mkts Invest Trust Ord GBP0.25		103,840
1,600	Worldwide	Healthcare Trust	Ord GBP0.25	59,120

11 Debtors
						2021f	2020f
Trade debtors						12,303	8,962
Due from related		parties				25
Prepayments	and	accrued income				13,481	13,747
Other debtors						100	100
						25,909	22,809
12 Creditors:	amounts			falling due within one year
						2021f	2020f
Trade creditors						6,506	8,460
VAT repayable						1,982	1,039
Amounts due	to related			parties		2,335	2,335
Accruals and	deferred		income			30,115	18,091
						40,938	29,925
						2021f	2020f
Deferred income		at 1 April 2020				10,797	11,803
Resources deferred in			the period			17,569	10,797
Amounts released		from		previous	periods	10,797	11,803
Deferred income		at year		end		17,569	10,797

13Funds
		Balance at			Other	Balance at
		1 April	Incoming	Resources	recognised	31 March
		2020 f	resources f	expended f	gains f	2021 f
Unrestricted	funds
General		4,190,123	226,679	~(188,314	275,496	4,503,984
		Balance at			Other	Balance at
		1 April	Incoming	Resources	recognised	31 March
		2019 f	resources f	expended f	(losses) f	2020 f
Unrestricted	funds
General		4,430,454	165,092	~270,973	~134,450	4,190,123

		Unrestricted	Total funds
		funds	at 31 March
		Generalf	2021f
Tangible	fixed assets	5,121	5,121
Heritage	assets	532,457	532,457
Fixed asset investments		3,894,725	3,894,725
Current	assets	112,619	112,619
Current	liabilities	40,938	40,938
Total net assets		4,503,984	4,503,984
		Unrestricted	Total funds
		funds	at 31 March
		Generalf	2020f
Tangible	fixed assets	6,851	6,851
Heritage	assets	532,457	532,457
Fixed asset investments		3,604,151	3,604,151
Current	assets	76,589	76,589
Current	liabilities	(29,925)	(29,925)
Total net assets		4,190,123	4,190,123