|Contents ofthe Financial Statements||||
|---|---|---|---|
|forthe Year Ended 31stMarch 2021||||
|||Page||
|Report ofthe Trustees|1|to|5|
|Report ofthe Independent
Auditom|6|to|7|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||10||
|Notes tothe Cash Flow Statement||||
|Notes tothe Financial Statements|12|to|22|
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||fort|he Year Ended 31stMarch|2021||
|---|---|---|---|---|
||||2021|2020|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|6||
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies||||40,494|
|Charitable activities|||||
|Maintenance
ofprogramme|related investments||486,652|619,162|
|Other trading
activities|||3,208|2,640|
|Investment
income|||1,307|12,594|
|Total|||491,167|674,890|
|EXPENDITURE ON|||||
|Raising funds|||82,600|95,035|
|Charitable
acbviTies|||||
|Grants to charitable
inslitutions|||70,297|37,938|
|Maintenance
ofprogramme|related investments||264,374|268,489|
|Total|||417,271|401,462|
|NET INCOME|||73,896|273,428|
|RECONCILIATION OF FUNDS|||||
|Total funds brought forward|||20,918,675|20,645,247|
|TOTAL FUNDS CARRIED|FORWARD||20,992,571|20,918,675|
||||2020|
|---|---|---|---|
||||Total|
||||funds|
||||9|
|CREGfTORS||||
|Amounts
fslting due within one year||||
|||29,999,f79|20,922,520|
|CREGtTORS||||
|Amounts
faSng due sflsr more than one yssr|19|||
|NETASSETS||||
|FVNtM||||
|Unrssbloted
funds||||
|TOTALFVNDS||||
##
||f|orthe Year Ended|31stMarch 2021||
|---|---|---|---|---|
||||2021|2020|
|||Notes||6|
|Cash flows from operafing activities
Cash generated
from operations|||110,778|199,282|
|Net cash provided
by operating
activities|||110,778|199,282|
|Cash flows from investing
activities
Purchase ofsocial investments|||(491,990)|(313,237)|
|Internet
received|||1,307|12,594|
|Net cash used in investing
activities|||(490,683)|(300,643)|
|Cash flows from financing
acgvities
Loan repayments
in year|||(342)|(325)|
|Net cash used in financing
activities|||(342)|(325)|
|Change in cash and cash equivalents
the reporting
period|in||(380,247)|(101,686)|
|Cash and cash equivalents
atthe
beginning
ofthe reporbng
period|||2,054,632|2,156,318|
|Cash and cash equivalents
atthe end
the reporbng
period|of||1,674,385|2,054,632|
##
||||Notes tothe Cash Flow Statem
for the Year Ended 31stMarch|Notes tothe Cash Flow Statem
for the Year Ended 31stMarch|Notes tothe Cash Flow Statem
for the Year Ended 31stMarch|Notes tothe Cash Flow Statem
for the Year Ended 31stMarch|ent
2021|ent
2021|||
|---|---|---|---|---|---|---|---|---|---|---|
||RECONCILIATION||OF NET INCOME TO NET CASH FLOW FROM||||OPERATING||ACTIVITIES||
||||||||||2021f|2020|
||Net income|forthe|reporting||period (as per the|Statement ofFinancial|||||
||Activities)||||||||73,896|273,428|
||Adjustments|for.|||||||||
||Interest received||||||||(1,307)|(12,594)|
||Decrease
in debtors||||||||33,570|24,699|
||Increase/(decrease)||in creditors||||||4,619|(86,251)|
||Net cash provided||by operations||||||110,778|199,282|
|2.|ANALYSIS OF CHANGES|||IN|NET FUNDS||||||
||||||||||Other||
||||||||||non-cash||
|||||||At 1.4.20
f|Cash|flow
f.|changesf|At31.3.21
f|
||Net cash||||||||||
||Cash at bank|||||2,054,632|(380,247)|||1,674,385|
|||||||2,054,632|(380,247)|||1,674,385|
||Debt||||||||||
||Debts falling|due|||||||||
||within
1 year|||||(299)|||(296)|(251)|
||Debts falling|due|||||||||
||after 1 year|||||(3,895)|||296|(3,599)|
|||||||(4,194)||||(3,850)|
||Total|||||2,050838|(379,903)|||1,670,535|
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||||||forthe Year Ended 31stMarc|h 2021||
|---|---|---|---|---|---|---|---|
|3.|DONATIONS
AND LEGACIES|||||||
|||||||2021|2020|
||||||||2|
||Donations
from subsidiary||||||40,494|
|4.|OTHER TRADING ACTIVITIES|||||||
|||||||2021f|2020
E|
||Wayleaves 8 waterline|easement||||3,039|2,598|
||Otherincome|||||44|42|
||Dilapidation
rdaims|||||125||
|||||||3,208|2,540|
|5.|INVESTMENT INCOME|||||||
|||||||2021|2020|
||Bank interest received|||||1,307|12,594|
|6.|INCOME FROM CHARITABLE|||ACTIVITIES||||
|||||||2021|2020|
|||||||6||
||Rents received|||||468,426|550,896|
||Insurance
claims and contributions||||||27,520|
||Income from woodlands|||||6,266|16,593|
||Insurance
recharged|||||11,960|14,153|
|||||||466,652|619,162|
||RAISING FUNDS|||||||
||INVESTMENT MANAGEMENT|||COSTS||||
|||||||2021|2020|
|||||||6||
||Professional
management||fees|||70,919|75,777|
||Professional
letting fees|&|associated||costs|2,904|8,238|
||Professional
admin fees|||||1,406|1,480|
||Woodland
&tree safety|management|||fees|7,371|9,540|
|||||||82,600|95,035|
##
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##
||||||||Grant||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||funding|of|||
|||||||Direct|activities||Support||
|||||||Costs (see|(see note||costs (see||
|||||||note 9)
6|10)
2||note 11)
2|Totals
6|
|Grants to chadtable|||institutions||||70,297|||70,297|
|Maintenance||cfprogramme|||related||||||
|investments||||||235,707|||28,667|264,374|
|||||||235,707|70,297||28,667|334,671|
|DIRECTCOSTSOF CHARITABLE ACTIVITIES|||||||||||
||||||||||2021|2020|
|||||||||||2|
|Rates, water,||light &heat|||||||7,387|5,165|
|Insurance|||||||||38,270|39,296|
|Pniperty
repairs|||||||||187,263|152,890|
|Woodland|expenses||||||||2,787|10,633|
||||||||||235,707|208,184|
|GRANTS PAYABLE|||||||||||
||||||||||2021|2020|
||||||||||5|6|
|Grants to charitable|||institutions||||||70,297|37,938|
|The total grants paid|||to|institutions||during the year was as follows:|||||
||||||||||2021|2020|
||||||||||2|6|
|Ombersley|&Doverdale|||Parish Coundl|||||21,500|14,000|
|Ombersley|&Doverdale|||Tennis Club||||||6,000|
|Ombersley|Cricket Club||||||||8,797|8,700|
|Ombersley|Spire &Church||||Appeal||||40,000||
|StRichard's||Hospice||||||||5,000|
|University|of|Worcester||||||||3,000|
|Grants under||22,000each||||||||1,238|
||||||||||70,297|37,936|
##
##
|SUPPORT C|O|STS||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Governance||
||||||||Finance|costs|Totals|
||||||||9|6|9|
|Maintenance|ofprogramme|||related||||||
|investments|||||||18,344|10,323|28,667|
|Support costs,||included|in the above,||are as follows:|||||
|||||||||2021|2020|
|||||||||Maintenance||
|||||||||of||
|||||||||programme||
|||||||||related|Total|
|||||||||investments
f|activities|
|AMC mortgage||interest||||||47|82|
|Bank charges||||||||450|562|
|Legal and professional|||fees|||||17,847|50,305|
|Auditom'
remuneration||||||||8.305|6,890|
|Auditom'
remuneration|||for non audit||work|||2,018|2,466|
|||||||||28,657|60,305|
|AUDITORS'|REMUNERATION|||||||||
|||||||||2021f|2020|
|Fees payable|to the charity's|||auditom|forthe audit ofthe charity's|financial||||
|statements||||||||8,306|6,690|
|Other non-audit||services||||||2,018|2,466|
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|HERITAGE ASSETS||
|---|---|
||Total|
||5|
|MARKET VALUE||
|At 1stApril 2020 and 31st March 2021|10,000|
|NET BOOKVALUE||
|At 31stMarch 2021|10,000|
|At 31stMarch 2020|10,000|
##
|FIVE-YEAR SUMMARY O|FTRANSACTIONS|||||
|---|---|---|---|---|---|
||2021|2020
F|2019|2018f|2017f|
|Cost at start ofyear|10,000|10,000|10,000|10,000|10,000|
|Additions
in the year||||||
|Cost atthe year end|10,000|10,000|10,000|10,000|10,000|
|PROGRAMME RELATED|INVESTMENTS|||||
||||||Programme|
||||||related|
||||||investment|
||||||5|
|MARKET VALUE||||||
|At 1stApril 2020|||||18,868,297|
|Additions|||||491,990|
|At 31stMarch 2021|||||19,360,287|
|NET BOOKVALUE||||||
|At 31stMarch 2021|||||19,360,287|
|At 31stMarch 2020|||||18,868,297|
##
||||Notes tothe Financial Statements
-continue
forthe Year Ended 31stMarch 2021|Notes tothe Financial Statements
-continue
forthe Year Ended 31stMarch 2021|d||
|---|---|---|---|---|---|---|
|17.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2021|2020|
||||||E|E|
||Rent debtors||||34,577|55,584|
||Prepayments||||16,824|29,389|
||||||51,401|84,973|
|18.|CREDITORS.'AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||
||||||2021|2020|
||||||E|E|
||Other loans (see note 20)||||251|299|
||Trade creditors||||25,882|7,702|
||VAT||||450|5,353|
||Rent received|in advance|||53,053|64,512|
||Accrued expenses||||20,467|17,466|
||||||99,903|95,332|
||2021|2020|
|---|---|---|
||E|E|
|Other loans (see note 20)|3.599|3,895|
|LOANS|||
||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Amounts|falling|due within one year|251|299|
|Amounts|falling|between one and five years|1,115|1,070|
|Amounts|falling|due in more than five years|2,484|2,825|
||||3,850|4,194|
##
##
##
||2021|2020|
|---|---|---|
|Within one year|292,519|288,734|
|Between one and five years|834,825|847,200|
|In more than five years|1,362,300|1,561,725|
|||2,697,659|
##
|The financial
activity ofOmb|ersley
Trading Company
Limited for the|year was as foficws:||
|---|---|---|---|
|||2021|2020|
|||6||
|Income|||91,893|
|Expenditure|||(51,059)|
|Net profit|||40,834|
|Gift aid distribution|||(40,834)|
|Opening
reserves (excluding|share capital)|||
|Closing reserves (exduding|share capital)|||
##
##
##
##
##
|||||||Effect of||
|---|---|---|---|---|---|---|---|
|||||||changein||
||||||As originally|accounting||
||||||stated|policy|As restated|
||||||6|6||
|INCOME AND ENDOWMENTS FROM||||||||
|Donations
and legacies|||||40,494||40,494|
|Charitable
activities|||||619,162||619,162|
|Other trading
activities|||||2,640||2,640|
|Investment
income|||||12,594||12,594|
||||||674,890||674,890|
|EXPENDITURE ON||||||||
|Raising funds|||||95,035||95,035|
|Grants to charitable|activities||||37,938||37,938|
|Maintenance
on programme||related|investments||268,489||268,489|
||||||401,462||401,462|
|Net gains/(losses)|on investments||||(96,590)|96,590||
|NET INCOME|||||176,838|96,590|273,428|
|RECONCILIAllON|OF FUNDS|||||||
|Total funds brought|forward||||23,475,738|(2,830,491)|20,645,247|
|TOTAL FUNDS CARRIED FORWARD|||||23,652,576|(2,733,901)|20,918,675|
|Balance Sheet as|at31stIgarch 2020|||||||
|||||||Effectof||
|||||||changein||
||||||As originally|accounting||
||||||stated
8|policyf|As restated
6|
|FIXEDASSETS||||||||
|||||Page 20|||continued. ..|
##
|RESTATEMENT OF COMPARATIVES - continued||||
|---|---|---|---|
|Heritage assets|10,000||10,000|
|Programme
related investments|21,602,198|(2,733,901)|18,868,297|
||21,612,198|(2,733,901)|18,878,297|
|CURRENT ASSETS||||
|Debtors|84,973||84,973|
|Cash at bank|2,054,632||2,054,632|
||2,139,605||2,139,605|
|CREDITORS||||
|Amounts
falling due within one year|(95,332)||(95,332)|
|NET CURRENT ASSETS|2,044,273||2,044,273|
|TOTAL ASSETS LESSCURRENT LIABILlllES|23,656,471|(2,733,901)|20,922,570|
|CREDITORS||||
|Amounts
falling due after more than one year|(3,895)||(3,895)|
|NET ASSETS|23,652,576|(2,733,901)|20,918,675|
|FUNDS||||
|Unrestricted
funds|23,652,576|(2,733,901)|20,918,675|
||23,652,576|(2,733,901)|20,918,675|
##
##
|forthe Year Ended 3
RESTATEMENT OF COMPARAllVES
-continued|
1stMarch 2021|||
|---|---|---|---|
|||Effectof||
|||changein||
||As originally|accounting||
||stated|policy|As restated|
|||2|2|
|FIXEDASSETS||||
|Heritage assets|10,000||10,000|
|Programme
related investments|21,385,551|(2,830,491 )|18,555,060|
|CURRENT ASSETS|21,395,551|(2,830,491)|18,565,060|
|Debtors
Cash at bank|109,673
2,156,318||109,673
2,156,318|
|CREDITORS|2,265,991||2,265,991|
|Amounts
falling due within one year|(181,541)||(181,541)|
|NET CURRENT ASSETS|2,084,450||2,084,450|
|TOTAL ASSETS LESSCURRENT LIABILITIES|23,480,001|(2,830,491)|20,649,510|
|CREDITORS||||
|Amounts
falling due affer more than one year|(4,263)||(4,263)|
|NET ASSETS|23,475,738|(2,830,491)|20,645,247|
|FUNDS||||
|Unrestricted
funds|23,475,738|(2,830,491)|20,645,247|
||23,475,738|(2,830,491)|20,645,247|