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||||||~Pa e|
|---|---|---|---|---|---|
|Trustees'
Report|||||1 —6|
|Auditors'
Report|||||7 —9|
|Statement ofFinancial||Activities|||10|
|Balance Sheet||||||
|Notes to the Financial|Statements||||12 —20|
|||The followin|a es do not form|art ofthe statuto|accounts|
|Income and Expenditure||Account|||21&22|
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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|
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|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|
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|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|
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||||2021|2020|
|---|---|---|---|---|
|Wages and|Salaries||68,382|71,598|
|Coronavirus|1ob Retention|Scheme (furlough)|(3,673)||
|Social Security Costs|||1,240|2,272|
|Pension Costs|||32,073|33,777|
||||98,022|107,647|
|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|
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|Tan
ible Fi|xed A|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|
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|||At|31stMarch|Income|~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|
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|||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|
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