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|Reference and Administrative|Reference and Administrative|Details||
|---|---|---|---|
|Trustees'
Report|||2to 8|
|Independent
Auditors'|Report||9to13|
|Statement of Financial|Activities||14to 15|
|Balance Sheet|||16|
|Notes to the Financial|Statements||17to 27|
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|Trustees||||P Beacham||
|---|---|---|---|---|---|
|||||A H Dick (resigned 31 December 2021)||
|||||SESFenwick||
|||||CWreford -|Brown|
|Trust Registration|||Number|1007957||
|Principal|Office|||Shilstone||
|||||Modbury||
|||||Ivybridge||
|||||Devon||
|||||PL21 OTW||
|Auditor||||PKF Francis|Clark LLP|
|||||Chartered
Accountants||
|||||North Quay|House|
|||||Sutton Harbour||
|||||PLYMOUTH||
|||||Devon||
|||||PL4 ORA||
|Investment||managers||Charles Stanley 8 Co Limited||
|||||1st Floor||
|||||11Whimple|Street|
|||||Plymouth||
|||||Devon||
|||||PL1 2DH||
|Bankers||||Lloyds TSB|Bank pic|
|||||234 High Street||
|||||Exeter||
|||||Devon||
|||||EX43NL||
|Solicitors||||Tozers LLP||
|||||Broadwalk House||
|||||Southemhay|West|
|||||Exeter||
|||||Devon||
|||||EX1 1UA||
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|(Including
Income
Recognised
Gains|and Expenditure
and Losses)|Account and S|tatement
of|Total|
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|2022|
|||Note|6|6|
|Income and Endowments|from:||||
|Property
rental income|||114,857|114,857|
|Grazing
income|||29,806|29,806|
|Devon Rural Archive
income|||3,411|3,411|
|Investment
income|||23,973|23,973|
|Small business
grants|||16,000|16,000|
|Total income|||188,047|188,047|
|Expenditure
on:|||||
|Rental property costs||2|(53,534)|(53,534)|
|Investment
management
Charitable
activities|costs|8|(g,503)
~85,451|(9,503)
~185,451|
|Total expenditure|||(148,488)|(148,488)|
|Realised gains on investments|||8,632|8,632|
|Unrealised
gains on investments|||18,591|18,591|
|Net income|||66,782|66,T82|
|Net movement
in funds|||66,782|66,T82|
|Reconciliation
offunds|||||
|Total funds brought
forward|||4503 984|4 503984|
|Total funds cerned forward||13|4,570,766|4,570,766|
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|(Including
Income
Recognised
Gains|and Expenditure
and Losses)|Account and|Statement
of|Total|
|---|---|---|---|---|
||||Unrestricted|Total|
|||Note|fundsf|2021f|
|Income and Endowments|from:||||
|P~operty 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||2|(92,529)|(92,529)|
|Investment
management
Charitable
activities|costs|3|(11,863)
~i33,922|(11,863)
(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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|Balance
31 March|Sheet
2022|||||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|6||
|Fixed assets||||||
|Tangible assets|||8|4,117|5,121|
|Heritage assets|||9|532,457|532,457|
|investments|||10|3,854,818|3,894,725|
|||||4,391,392|4,432,303|
|Current assets||||||
|Debtors||||12,539|25,909|
|Cash at bank|and in hand|||216,153|86,710|
|||||228,692|112,619|
|Creditors: Amounts||falling due within one year|12|~49,318|~49,938)|
|Net current assets||||179,374|71,681|
|Net assets||||4,570,766|4,503,984|
|Funds ofthe trust:||||||
|Unrestricted|income funds|||||
|Unrestricted|funds|||4,570,766|4,503,984|
|Total funds|||13|4,570,766|4,503,984|
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|||||Unrestricted|||
|---|---|---|---|---|---|---|
|||||General|Total|Total|
|||||Fund|2022|2021|
||||Note|8|||
||Rental repair|costs||31,376|31,376|70,884|
||Insurance
and utilities|||16,023|16,023|11,317|
||Professional fees|||5,779|5,779|9,968|
||Office costs|||356|358|360|
|||||53,534|53,534|92,529|
|3|Expenditure|on charitable|activities||||
||||Activity||||
||||undertaken|Activity|Total|Total|
||||directly|support costs|2022|2021|
|||||8|6|6|
|Charitable
donations|||3,500||3,500|500|
|Devon Rural Archive|||||||
|operating
costs
Governance|||19,003||19,003|17,596|
|Rental costs of||archive|||||
|premsies and related services|||41,452||41,452|42,723|
|Support costs||||13,693|13,693|18,603|
||costs|||7,803|7,803|4,500|
||||63,955|21,496|85,451|&3,922|
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|||||Other|||
|---|---|---|---|---|---|---|
|||||support|Total|Total|
|||Basis of|sos'ts|costs|2022|2021|
|||allocation|6||6||
|Office expenses||100%||4,572|4,572|12,471|
|Accountancy||100%||5,178|5,178|3,385|
|Bank charges||100%||549|549|467|
|Advertising|and events|100%||1,325|1,325|550|
|Sundries||100%||680|680||
|Depreciation||100%||1,389|1,389|1,730|
|Amounts|paid to auditors|100%|4,700||4,700|2,600|
|Legal and|professional fees100%||3,000||3,000|1,900|
|Trustees expenses||100%|103||103||
||||7,803|13,693|21,496|23,103|
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|Governance|co|sts||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||general|Total|Total|
||||funds|2022|2021|
|||||6||
|Amounts
paid|to|Auditors||||
|Audit ofthe|financial statements||2,700|2,700|2,600|
|Other fees paid||to auditors|2,000|2,000|1,900|
|Legal fees|||3,000|3,000||
|Other governance||costs|103|103||
||||7,803|7,803|4,500|
|5
Net incoming||resources||||
|Net incoming|resources forthe year include:|||||
|||||2022|2021|
|Audit fees||||2,700|2,600|
|Other non-sudit
services||||2,000|1,900|
|Depreciation|offixed assets|||1,389|1,730|
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|8
Tangible Axed assets|||||
|---|---|---|---|---|
|||Office|Plant and||
||Computers|equipment|machinery|Total|
||6||6||
|Cost|||||
|At 1 April 2021|17,926|18,085|10,525|46,536|
|Additions||385||385|
|At 31 March 2022|17,926|18,470|10,525|46,921|
|Depreciation|||||
|At 1 April 2021|17,798|14,670|8,947|41,415|
|Charge for the year|43|950|396|1,389|
|At 31 March 2022|17,841|15,620|9,343|42,804|
|Net book value|||||
|At 31 March 2022|85|2,850|1,182|4,117|
|At 31 March 2021|128|3,415|1,578|5,121|
|9
Heritage assets|||||
||||Akefacts|Total|
|||||6|
|Cost|||||
|At 1 April 2021|||532,457|532,457|
|At 31 March 2022|||532,457|532,457|
|Depreciation|||||
|At 31 March 2022|||||
|Net book value|||||
|At 31 March 2022|||532,457|532,457|
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|10Fixed as|set investments|||
|---|---|---|---|
|||2022|2021|
|||8|8|
|Investment|properties|2,749,314|2,749,314|
|Other investments||1,105,504|1,145,411|
|||3,854,818|3,894,725|
|Investment|properties|||
||||Freehold|
||||land and|
||||buildings|
||||8|
|Cost orValuation||||
|At 1 April 2021|||2,749,314|
|At 31 March|2022||2,749,314|
|Provision||||
|At 31 March|2022|||
|Net book value||||
|At 31 March|2022||2,243,314|
|At 31 March|2021||2,749,314|
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|Freehold
|land and buildings
compdse:|||
|---|---|---|---|
|||2020|2019|
|8/9 Quay|Road, Plymouth|420,756|420,756|
|Manor House - Chillingham||813,230|813,230|
|Agricultural|land —Sheepham|606,346|606,345|
|Farmland|- Capton|24,450|24.450|
|Whitmore|Barn|884,533|884,533|
|||2749314|2749314|
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|Otherinveatments|||
|---|---|---|
||Listed||
||investments|Total|
|||6|
|Cost or Valuation|||
|At 1 April 2021|1,145,411|1,145,411|
|Revaluation|18,591|18,591|
|Additions
Disposals|1S,954
~70,452|19,954
~70,452|
|At 31 March 2022|1,105,504|1,105,504|
|Net book value|||
|At 31 March 2022|1,105,504|1.100,504|
|At 31 March 2021|1,145,411|1,145,411|
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|Year Ended 31 March 202|2 (continued)||
|---|---|---|
|||Total|
|UK Investments||921,572|
|Overseas
Investments||183,932|
|At 31 March 2022||1,105,504|
|No restrictions
exist on the realisation|ofthese assets.||
|The following|investments
have a value
greater
than|5% of the investments|held at the 31 March|
|---|---|---|---|
|2022:||||
|Holding|Investment|||
|6,997|Segro PLC Ord GBP0.10||94,146|
|6,150|Aberforth
Smaller Co Trust Ord GBP0.01||84,747|
|80,000|JP Morgan Emer Mkts Invest Trust|Ord GBP0.25|91,200|
|9,750|Blackrock World Mining Trust GBP0.05||72,638|
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|11Debtors||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||8|8|
|Trade debtors||||1,805|12,303|
|Due from group undertakings||||25|25|
|Prepayments
and accrued income||||10,609|13,481|
|Other debtors||||100|100|
|||||12,539|25,909|
|12Creditors: amounts||falling due within one year||||
|||||2022f|2021
6|
|Trade creditors||||2,531|6,506|
|VAT repayable||||1,297|1,982|
|Other creditors||||12,334|2,335|
|Accruals and deferred||income||33,156|30,115|
|||||49,318|40,938|
|||||2022|2021|
|||||8|6|
|Deferred income at 1 April 2021||||17,569|10,797|
|Resources deferred
Amounts
released|in the period
from previous||periods|18,669
~17.569|17,569
(10,797)|
|Deferred income at year end||||18,669|17,569|
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|13Funds|13Funds|||||||
|---|---|---|---|---|---|---|---|
|||Balance at||||Other|Balance at|
|||1 April||Incoming|Resources|recognised|31 March|
||||2021|resources|expended|(losses)|2022|
||||8||6|8||
|Unrestricted
funds||||||||
|General||4.503.984||108.047|1140,488)|27.223|4.570,700|
|||Balance at||||Other|Balance at|
|||1 April||Incoming|Resources|recognised|31 March|
||||2020|resources|expended|gains|2021|
||||8|8|8||6|
|Unrestricted
funds||||||||
|General||4,190123||226679|~180314|275496|4503984|
|14Analysis ofnet assets||between|funds|||||
||||||Unrestricted||Total funds|
|||||||funds|at 31 March|
|||||||General|2022|
|||||||8|8|
|Tangible|fixed assets|||||4,117|4,117|
|Heritage|assets|||||532,457|532,457|
|Fixed asset investments||||||3,854,818|3,854,818|
|Current
Current|assets
liabilities||||228,692
~40.310||228,692
(49,318)|
|Total net assets||||||4,570,766|4,570,766|
||||||Unrestricted||Total funds|
|||||||funds|at 31 March|
|||||||General|2021|
|||||||8||
|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|
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