#
##
##
##
|||||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|
##
##
##
##
##
##
#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
#
##
##
##
##
##
##
##
##
##
##
##
##
##
||Ye|ar end|ed 31 March|2021|||
|---|---|---|---|---|---|---|
|||||2021||2020|
||||Unrestricted|Restdicted|||
||||funds|funds|Total funds|Total funds|
|||Note|K|||f|
|Income and endowments|||||||
|Donations
and legacies||5|67,231||67,231|37,055|
|Other trading
activities||6||||306|
|Investment
income||7|230||230|52|
|Other income||8|25,760||25,760|44,421|
|Total income|||93,221||93,221|81,834|
|Expenditure|||||||
|Expenditure
on charitable|activities|9,10|(59,398)||(59,398)|(57,772)|
|Total expenditure|||(59,398)||(59,398)|(57,772)|
|Net losses cn investments||12||||(112,915)|
|Net income/(expenditure)|and net||||||
|movement
in funds|||33,823||33,823|(88,853)|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||79,598|4,359|83,957|172,810|
|Total funds canded forward|||113,421|4,359|117,780|83,957|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|5.|DOnatianS|and legaCieS (cosrinvsdI|and legaCieS (cosrinvsdI|and legaCieS (cosrinvsdI|||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020|
||||||5|6||6|
||Grants||||||||
||Arts Development||Company||21,125|21,125|8,125|8,125|
||Dorset Council||||43,143|43,143|17,199|17,199|
||Wimborne|Town|Council||1,700|1,700|3,240|3,240|
||||||67,231|67,231|37,055|37,055|
|6.|Other trading activities||||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020|
||||||8|8|6|6|
||Education||||||308|306|
|7.|Investment|income|||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020|
||||||F|6||E|
||Bank interest receivable||||230|230|52|52|
|8.|Other income||||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020|
||||||F|8|||
||Rents received||||25,660|25,660|43,935|43,935|
||Sundry income||||100|100|486|486|
||||||25,750|25,760|44,421|44,421|
|9.|Expenditure|on charitable||activities|by fund type||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020|
|||||||8|8||
||Craft Centre||||54,836|54,836|52,017|52,017|
||Support costs||||4,582|4,562|5,755|5,755|
||||||59,398|59,398|57,772|57,772|
##
##
##
##
##
|||||||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|
##
|Unrestricted|funds||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||At|
||||At|||Gains and|31 March|20|
|||1|April 2020
f|Income
f|Expenditure
f|losses|f|21|
|Unrestricted|Funds||79,598|93,221|(59,398)||113,421||
|||||||||At|
||||At|||Gains and|31 March|20|
|||1|April 2019|Income
f|Expenditure
f|losses
f|f|20|
|Unrestricted|Funds||168,451|81,834|(57,772)|(112,915)|79,598||
##
##
##
##
|21.|Analysis ofcharitable|Analysis ofcharitable|funds|(conrrnueat|||||
|---|---|---|---|---|---|---|---|---|
||Restricted funds||||||||
|||||||||At|
|||||At|||Gains and|31 March 20|
||||1 April 2020||Income|Expenditure|losses|21|
|||||F|E|E||8|
||Bridge Fund|||4,359||||4,359|
|||||||||At|
|||||At|||Gains and|31 March 20|
||||1 April 2019||Income
8|Expenditure
f|losses
f|20
f|
||Bridge Fund|||4,359||||4,359|
|22.|Analysis of net assets||between funds||||||
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds
f|2021
f|
||Tangible fixed assets|||||70,606||70,606|
||Current assets|||||54,153|4,359|58,512|
||Creditors less than|1 year||||(11,338)||(11,338)|
||Net assets|||||113,421|4,359|117,780|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2020|
|||||||E|8||
||Tangible fixed assets|||||75,723||75,723|
||Investments||||||||
||Current assets|||||14,918|4,359|19,277|
||Creditors less than|1 year||||(11,043)||(11,043)|
||Net assets|||||79,598|4,359|83,957|
##
##
##
##
||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|
##
##
##
##
|||||Year ended 31 March 20|21||
|---|---|---|---|---|---|---|
||||||2021
6|2020f|
|Expenditure|||||||
|Expenditure
on charitable||activities|||||
|Wages and salaries|||||14,670|17,219|
|Rates and water|||||1,098|1,540|
|Light and heat|||||7,557|7,575|
|Repairs and maintenance|||||5,952|3,055|
|Insurance|||||2,203|2,230|
|Legal and professional|fees||||1,799|2,958|
|Telephone|||||1,236|1,086|
|Other office costs|||||104|116|
|Depreciation|||||5,117|5,597|
|Print, post and stationary|||||1,752|1,642|
|Computer expenses|||||1,249|502|
|Cleaning|||||6,636|1,723|
|Bank charges|||||378|1,852|
|Publicity|||||171|2,573|
|Sundry expenses|||||800|20|
|Tutor fees|||||8,480|8,084|
|Training|||||196||
||||||59,398|57,772|
|Total expenditure|||||59,398|57,772|
|Net losses on investments|||||||
|Gains/(losses)
on investments|||in group undertakings|||112,815|
|Gains/(losses)
on other|investment|||assets||100|
|||||||112,915|
|Net income/(expenditure)|||||33,823|(88,853)|
##
##
##
##
||||||2021
8|2020f|
|---|---|---|---|---|---|---|
|Expenditure|on charitable||activities||||
|Craft Centre|||||||
|Activities undertairen||directly|||||
|Wages|||||11,907|14,422|
|Rates &water|||||1,098|1,540|
|Light &heat|||||7,557|7,575|
|Repairs &maintenance|||||5,952|3,055|
|Insurance|||||2,203|2,230|
|Telephone|||||1,236|1,086|
|Staff Welfare|||||104|116|
|Depreciation|||||5,117|5,597|
|Print, post and stationary|||||1,752|1,642|
|Computer expenses|||||1,249|502|
|Cleaning|||||6,636|1,723|
|Bank charges|||||378|1,852|
|Publicity|||||171|2,573|
|Sundry expenses|||||800|20|
|Tutor fees|||||8,480|8,084|
|Training|||||196||
||||||54,836|52,017|
|Governance|costs||||||
|Governance|costs - wages/salaries||||2,763|2,797|
|Governance|costs - accountancy|||fees|1,799|2,958|
||||||4,562|5,755|
|Expenditure|on charitable||activities||59,398|57,772|