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