| CONTENTS | Page | |
|---|---|---|
| Trustees Report |
1-6 | |
| Independent Examiners |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 10-17 |
| TATEMENT OF F | INANCIA | L ACTIV | ITIES FOR THE | YEAR ENDED | 31 December 20 | 20 |
|---|---|---|---|---|---|---|
| Total y/e | Total y/e | |||||
| 31 | 31 | |||||
| Unrestricted | Restricted | December | December | |||
| Funds | Funds | 2020 | 2019 | |||
| Note | ||||||
| INCOME | ||||||
| Donations and grants |
93,711 | 47,063 | 140,774 | 162,003 | ||
| Charitable activities |
12,073 | 12,073 | 72,426 | |||
| Investmentincome: | ||||||
| Interest received | 2 | |||||
| Total Income | 105705 | 47 063 | 152 040 | 234431 | ||
| EXPENDITURE | ||||||
| Charitable activities |
98,827 | 25,857 | 124,684 | 140,775 | ||
| Total Expenditure | 98827 | 25,057 | 124604 | 140,775 | ||
| Net Income/(expenditure) | 6,958 | 21,206 | 28,164 | 93,656 | ||
| Transfer between | funds | |||||
| Net Movement in |
Funds | 6,958 | 21,206 | 28,164 | 93,656 | |
| Reconciliation in funds: |
||||||
| Fund balances brought |
||||||
| forward | 240,928 | 321,578 | 562,506 | 468,850 | ||
| Fund balances carried | ||||||
| forward | 247 006 | 342 704 | 590 670 | 562 506 |
| ALANCE | SHEET | AS AT 31 De | cember 2 | 020 | |||
|---|---|---|---|---|---|---|---|
| December | December | ||||||
| 2020 | 2019 | ||||||
| Notes | |||||||
| FIXEDASSETS | 638,332 | 657,136 | |||||
| CURRENT | ASSETS | ||||||
| Stocks | 13,416 | ||||||
| Debtors | 6,714 | 26,203 | |||||
| Cash at bank and | in hand | 40,188 | 2,385 | ||||
| 60,318 | 28,588 | ||||||
| CURRENT | LIABILITIES | ||||||
| within one | year | 6 | (12,647) | (75,385) | |||
| Net Current | Assets | I Liabilities | |||||
| (working capital) |
47,671 | (46,797) | |||||
| Creditors due after | one year | 7 | (95,333) | (47,833) | |||
| NET ASSETS | 590,670 | 562,506 | |||||
| Restricted | Funds | 10 | 342,784 | 321,578 | |||
| Unrestricted | Funds | 247,886 | 240,928 | ||||
| TOTAL CHARITY FUNDS | 590,670 | 562,506 |
| . Tangible Fixed |
Assets | |||
|---|---|---|---|---|
| Structures | Rolling | Tools 8 | Total | |
| and Trackf | Stock f |
Equipment f |
f | |
| Cost | ||||
| As at 1 January | ||||
| 2019 | 523,490 | 194,133 | 17,268 | 734,891 |
| Additions | 1,200 | 625 | 4,192 | 6,017 |
| As at 31 December | ||||
| 2020 | 524,690 | 194,758 | 21,460 | 740,908 |
| Depreciation | ||||
| As at 1 January | ||||
| 2019 | 42,000 | 29,693 | 6,062 | 77,755 |
| Charge for year | 13,034 | 8,253 | 3,534 | 24,821 |
| As at 31 December | ||||
| 2020 | 55,034 | 37 946 | 9596 | 102 576 |
| Net book value | ||||
| At 31 December | ||||
| 2020 | 469 656 | 156812 | 11864 | 638 332 |
| At 31 December | ||||
| 2019 | 481,490 | 164,441 | 11,206 | 657,136 |
| Unrestricted | Restricted | Total y/e | Total y/e | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 31 | 31 | |||||
| December | December | |||||||
| 2020f | 2019f | |||||||
| Donations | and Fundraising | |||||||
| General | donations | 82,076 | 33,763 | 115,839 | 77,264 | |||
| Donations, | friends | ofAVR | 4,500 | |||||
| Grants | ||||||||
| ,239 | ||||||||
| National | Lottery | Heritage | ||||||
| Fund | 13,300 | 13,300 | ||||||
| Northumberland | CC (Covid | |||||||
| related) | 11,635 | 11,635 | ||||||
| Other Charitable | activities | |||||||
| Membership | subscriptions | 9,804 | 9,804 | 9,861 | ||||
| Trading | income | 2,269 | 2,269 | 62,565 | ||||
| 105,784 | 47,063 | 152,847 | 234,429 | |||||
| Interest | receivable | |||||||
| Bank interest receivable | 1 | 1 | 2 | |||||
| 1 | 1 | 2 | ||||||
| Total | 105,785 | 47 083 | 152,848 | 234431 |
| Unrestricted | Restricted | Total y/e | Total y/e | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 31 | 31 | |||
| December | December | |||||
| 2020 | 2019 | |||||
| E | E | E | E | |||
| Charitable Activities: |
||||||
| General | expenditure | 15,114 | 7,689 | 22,803 | 38,465 | |
| General | running | costs | 9,254 | 1,600 | 10,854 | 36,815 |
| Building | and site | maintenance | 10,908 | 10,908 | 7,964 | |
| Rolling | stock | 16,739 | 500 | 17,239 | 13,386 | |
| Plant and Transport | 15,737 | 2,129 | 17,866 | 6,789 | ||
| Civil engineering | 16,168 | 2,129 | 18,317 | |||
| Depreciation | 13,011 | 11,810 | 24,821 | 30,468 | ||
| 96,951 | 25,857 | 122,808 | 133,886 | |||
| Support | & Governance | |||||
| Bank charges and interest | 1,876 | 1,876 | 6,889 | |||
| 1,876 | 1,876 | 6,889 | ||||
| Total | 98 827 | 25 857 | 124684 | 140775 |
| Total . Debtors |
98 | |
|---|---|---|
| 31 | 31 | |
| December | December | |
| 2020 | 2019 | |
| E | E | |
| Other Debtors | 5,652 | 443 |
| Prepayments | 1,062 | 25,761 |
| Total | 6,714 | 26,203 |
| 31 | 31 | ||||
|---|---|---|---|---|---|
| December | December | ||||
| 2020 | 2019 | ||||
| E | |||||
| Bank | overdraft | and | 75,332 | ||
| loan | |||||
| Accruals | 6,777 | 53 | |||
| Deferred | grants | 5,870 | |||
| Total | 12,647 | 75,385 |
| 31 | 31 | |
|---|---|---|
| December | December | |
| 2020 | 2019 | |
| 6 | ||
| Member loans (note 10) | 45,333 | 25,000 |
| Other loans | 22,833 | |
| Bounce Back loan | 50,000 | |
| Total | 95,333 | 47,833 |
| ndertaken on normal 1.Restricted Funds |
com | m | ercial | terms. | , | ||
|---|---|---|---|---|---|---|---|
| Balance | Incoming | Resources | Balance 31 | ||||
| 1 | Resources | Expended | December | ||||
| January | and | 2020 | |||||
| 2020 | transfers | ||||||
| f | f | f | |||||
| Richboro Fund | 40,452 | 24,132 | 5,769 | 58,815 | |||
| Heritage Canopy |
14,611 | 14,611 | |||||
| SK Coach E25032 | 5,694 | 5,694 | |||||
| Powerhouse Community |
Fund | 3,725 | 3,725 | ||||
| ECFAward | 540 | 540 | |||||
| Leader —Track and permanent | way | 64,813 | 64,813 | ||||
| EAFRD —permanent | way | 84,918 | 6,041 | 78,877 | |||
| EAFRD —BG Coach | 31407 | 13,989 | 13,989 | ||||
| Carriage Shed | 450 | 450 | |||||
| National Lottery Heritage |
Fund | 13,300 | 13,300 | ||||
| Other track and permanent | way | 92,386 | 9,631 | 747 | 101,270 | ||
| 321,578 | 47,063 | 25,857 | 342 784 |