2021-03-31-accounts - Highfield Park Trust

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					Restricted 4
				General	~Desi essed	Total	Total
				Funds	Funds	2021	2020
			Notes
Incoming Resources
Donations and legacies
Donations				5,704		5,704	5,728
Grants				20,241	3,765	24,006	14,475
Income from Investments
Income Rom Investments				52,772		52,772	54,814
Interest Received				17		17	25
IncomePom charitable activities:
Rent ofAerial Mast Site				200		200	21,261
Rents Receivable				1]2,673		112,673	113,690
Sports and Sundry Income				31,797		31,797	32,655
Events Income				2,866		2,866	6,683
Total Incoming Resources				226,270	3,765	230,035	249,331
Resources expended
Costs ofraising funds:
Fundraising and Publicity				2,032		2,032	2,328
Legal and Consultancy Fees				1,161		1,161	3,441
Property Depreciation k Maintenance					71,199	71,199	71,189
Charitable Activities
Expenditure on Charitable	Activities			204,648	1,100	205,748	234,846
Total Resources Expanded			3	207,841	72,299	280,140	311,804
Net Income/(Expenditure)	for the Year			18,429	(68,534)	(50,105)	(62,473)
Realised gains on Investments					1,036	1,036	200,090
Unrealised gains/(losses) on
Long Leasehold Properties
Investment Assets —Investment		Properties			133,180	133,180	19,230
Listed	Investments				263,966	263,966	(232,869)
Transfers between Funds
Net Movement in Funds				18,429	329,648	348,077	(76,022)
Reconciliation offunds
Fund Balances brought forward				132,799	8,926,402	9,059,201	9,135,223
Total funds carried forward			11 —14	151,228	9,256,050	9,407,278	9,059,201

					as at	31stMarch	2021
							2021		2020
					Notes
Fixed Assets
Tangible Assets								7,568,706		7,514,660
Investments								1,737,787		1,471,035
								9,306,493		8,985,695
Current Assets
Debtors						22,815			24,252
Deposit Account with		Investment		Managers
Bank Deposit and Grant Accounts						93,486			57,293
Bank Current Account		and	in Hand			4,808			9,578
						121,109			91,123
Liabilities
Creditors: Amounts	falling
due within one year					10	(20,324)			(17,617)
Net Current Assets								100,785		73,506
Total Assets less Current			Liabilities					9,407,278		9,059,201
Capital and Reserves
Restricted Income	Funds
Highfield Pavilion Reserve						96,503			99,610
Grant income						2,665
Designated Income	Funds
Capital Reserve					12	4,580,677			4,383,767
Property Revaluation		Reserve			12	4,576,205			4,443,025
								9,256,050		8,926,402
Unrestricted Income		Funds
General Reserve					13			151,228		132,799
Total Trust Funds					14			9,407,278		9,059,201

Long Leasehold Properties	2%	Straight-line	basis or revaluation
Plant and Machinery	20%	Straight-line	basis
Office Equipment	20%	Straight-line	basis
Motor Vehicles	25%	Reducing balance basis
Fixtures and Fittings	20%	Straight-line	basis

Total Ex enditure
				De reciation	&.
			Staff	Profit on		Other	Total	Total
			Costs	Sale		Costs	2021	2020
				E
Costs ofraising Funds:
Fundraising and Publicity:
Event Costs						1,070	1,070	1,819
Equipment Leasing
Other Fundraising and		Publicity				962	962	509
						2,032	2,032	2,328
Legal &Professional	Fees					1,173	1,173	3,441
Property Depreciation		and
Maintenance Costs				71,199			71,199	71,189
Charitable Activities			98,022	7,926		99,788	205,736	234,846
			98,022	79,125		102,993	280,140	311,804
							2021	2020
Charitable Activities	—Other Costs
Allotment Expenses							40	40
Park Maintenance							32,818	49,107
Park Equipment Repairs							12,288	11,007
Building Maintenance		&,	Repairs				1,837	2,209
Play area							879	2,412
Other							5,362	7, 124
Audit Fees and bookkeeping							6,774	7,260
Consultancy Fees							1,176	1,848
Insurance							26,893	26,704
Rates and Utilities							8,519	7,151
Software, Support and		Other Office Costs					3,202	4,727
Bad Debts
							99,788	119,589
Net Income for the	Year
This is stated after charging/(recovering):
							2021	2020
Depreciation ofTangible			Fixed Assets				79,125	79,349
Profit on sale offixed	asset							(550)
Hire Purchase Interest
Auditors' Remuneration			—Audit Services				2,370	2,100

The average	nu	mber ofemployees, expressed as full tim	e equivalents, analysed by function wa	s:-
			2021	2020
Direct Charitable		Expenditure	3	2,5
Management	and	Administration	1	1
				3.5

Tan ible Fi	ssets	ssets
	Investment		Lon	Leasehold	Plant and	Furniture	Motor
	~Po rti		P~ortiee		~Mc1&incr	~and E «i ment	Vehicle	Total
Cost or Valuation At 1st April 2020	4,413,782			3,559,952	87,346	79,093	9,388	8,149,561
Additions
Disposals Reva1uations		133,180						133,180
Reclassification
At 31stMarch 2021	4,546,962			3,559,952	87,346	79,093	9,388	8,282,741
Depreciation At 1st April 2020 Charge for year				469,047 71,199	80,082 7,026	76,393 900	9,388	634,910 79,125
Disposals
Reclassification
At 31stMarch 2021				540,246	87,108	77,293	9,388	714,035
Net Book Values At 31stMarch 2021		4,546,962		3,019,717	238	1,800		7,568,706
At 31stMarch 2020		4,413,782		3,090,914	7,264	2,700		7,514,660
Investments
							2021	2020
At 1stApril 2020 Acquisitions during Disposals proceeds Realised gains		year					1,471,035 148,469 (146,719) 1,036	1,503,814 444,667 (444,667) 200,090
							1,473,821	1,703,904
Increase/(decrease)	in unrealised		gains				263,966	(232,869)
At 31stMarch 2021							1,737,787	1,471,035

	Included within	investme	nts a	re	the following	holdi	ngs (com	prising	the whole	ofthe portfolio	value):
										2021	2020
	COIF Charities	Ethical Investment			Fund					902,846	623,230
	COIF Charities	Ethical Investment			Fund Accumulation		Units (Land Fund)			1,775
	COIF Charities	Investment	Fund							833,166	690,481
	COIF Charities	Properties	Fund								157,324
9,	Debtors
										2021	2020
	Investment Income Receivable									14,558	15,295
	Rent Receivable									8,257	8,957
	Other Debtors and Prepayments
										22,815	24,252
10.	Creditors: Amounts fallin			due within one		ear
										2021	2020
	Income in Advance										3,128
	Trade Creditors									4,567	3,138
	PAYE, pensions	and Other Taxes								4,612	3,564
	Accruals and deferred income									11,145	7,787
	Other Creditors
										20,324	17,617
11.	Anal sis ofRestricted Funds			Movements
			At 31stMarch			Income		~E*	d et	D~eedeae	At 31atMarch
				2020							2021
	Pavilion Reserve				99,610					(3,107)	96,503
	Grant income						3,765		(1,100)		2,665
					99,610		3,765		(1,100)	(3,107)	99,168

		31stMarch	~Kx enditure	Gains on	At 31stMarch
		2020		Investments	2021
Capital	Reserve	4,383,767	(68,092)	265,002	4,580,677
Property Reserve	Revaluation	4,443,025		133,180	4,576,205
		8,826,792	(68,092)	398,182	9,156,882

		At	31stMarch	Income	~Ex enditure	At 31etMeruit
			2020			2021
General	Reserve		132,799	226,270	(207,841)	151,228

Anal sis ofNet Assets between Fu	nds
	Restricted	D~esi nated	General
	Reserves	Reserves	Reserve	Total
Tangible Fixed Assets	96,503	7,471,965	238	7,568,706
Investments		1,737,787		1,737,787
Cash at Bank and in Hand	2,665		95,628	98,294
Current assets (net)			2,491	2,491
	99,168	9,209,752	98,357	9,407,278