2021-03-31-accounts - Walford Mill Education Trust Limited

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				Page
Trustees' annual report (incorporating the		director's	report)
Independent examiner's report	to the trustees
Statement offinancial activities	(including	income and
expenditure account)
Statement offinancial position
Notes to the financial statements				10
The following pages do not form part of the financial statements
Detailed statement offinancial	activities			20
Notes to the detailed statement	offinancial	activities		22

Reference	and admi	nistrative d	etails
Registered	charity	name	Walford Mill Education Trust Limited
Charity registration		number	1049540
Company	registration number		03107540
Principal office and		registered	Walford Mill Craft Centre
office			Stone Lane
			Wimborne
			Dorset
			BH21 1NL

						Activities
						undertaken		Support		Totalfunds	Total fund
						directly f		costs		2021		2020
	Craft Centre					54,836				54,836	52,017
	Governance	costs						4,562		4,562		5,755
						54,836		4,562		59,398	57,772
11.	Analysis of	support costs
							Analysis		of
							support costs
							activity		1	Total 2021	Total 2020
								6
	Governance	costs						4,561		4,561		5,755
12.	Net losses on investments
						Unrestricted	Total	Funds		Unrestricted	Total	Funds
						Funds		2021		Funds		2020
						6				F
	Gains/(losses) on investments				in
	group undertakings									(112,815)	(112,815)
	Gains/(losses) on other investment
	assets									(100)		(100)
										(112,915)	(112,915)
13.	Net Income/(expenditure)
	Net income/(expenditure)		is	stated after		charging/(crediting):
										2021		2020
										6		r
	Depreciation	oftangible fixed assets								5,117		5,597
14.	Independent	examination		fees
										2021	2020
	Fees payable	to the independent			examiner for:
	Independent	examination	ofthe		financial	statements				1,799		2,958

Staffcosts
The total staff costs	and employee		benefits for		the reporting period are analysed as follows:
					2021	2020
Wages and salaries					14,670	17,219
The average head	count of employees			during	the year was 3 (2020:3).The average	number of
full-time equivalent	employees	during		the year	is analysed as follows:
					2021	2020
					No.	No.
Number of staff					1.5	1.5

No remuneration or other benefits from received by the trustees. Tangible fixed assets	employment	with the charit	y or a related	entity were
			Display &
	Land and	Fixtures and	Office
	buildings 6	fittings f	Equipment	Total
Cost
At 1 April 2020 and 31 March 2021	92,251	39,505	17,011	148,767
Depreciation
At 1 April 2020	34,646	25,256	13,142	73,044
Charge for the year	2,400	2,137	580	5,117
At 31 March 2021	37,046	27,393	13,722	78,161
Carrying amount
At 31 March 2021	55,205	12,112	3,269	70,808
At 31 March 2020	57,605	14,249	3,869	75,723

Carrying amount
At 31 March 2021
At 31 March 2020

19.	During the yea Debtors	r the C	harity's wholly owned subsidiary, Walford	Mill Crafts Limited, was	dissolved.
				2021 f	2020 f
	Trade debtors			2,324	8,879
	Prepayments	and accrued income			2,203
				2,324	11,082
20.	Creditors: amounts		falling due within one year
				2021	2020 f
	Trade creditors			2,476	4,140
	Accruals and deferred		income	8,312	6,153
	Other creditors			550	750
				11,338	11,043

	Company Limited Detailed Statement of Year ended 31	by Guarantee Financial Activities March 2021
		2021 6	2020f
Income and endowments
Donations and	legacies
Donations and subscriptions		1,263	8,491
Arts Development	Company	8,125	8,125
Dorset Council		4,000	17,199
Wimborne Town	Council	1,700	3,240
Arts Council England		13,000
Covid Grants		39,143
		67,231	37,055
Other trading activities
Education			306
Investment income
Bank interest receivable		230	52
Other income
Rents received		25,660	43,935
Sundry income		100	486
		25,760	44,421
Total Income		93,221	81,834