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2021-03-31-accounts

Page
Reference and Administrative
Details ofthe Charity, its Trustees and Advisers
Trustees'
Report		 2-5
Independent
Examiner's
Report
Statement of Financial Activities
Balance Sheet 8-9
Statement ofCash Flows 10
Notes to the Financial Statements 11-28
Trustees Mark Nicolas Harrod, Harrod, Chair
Elizabeth
Bernadette		 Mccusker (resigned 1 September 2021)
Richard Adrian Snell
Andrea
Marharete		 Stemmer
Bryonv Edith Stavn~s
Alan Roger Tilley (appointed 22 May 2021)
Company registered
number 03648122
Charity registered
number 1072028
Registered office The Edge
Bolton Street
Brixham
Devon
TQ5 9DH
Company secretary Christine
Guy
Chief executive officer Mark Nicholas Harrod (Chair)
Independent examiners Bishop Fleming LLP
Chartered
Accountants
2nd Floor Stratus House
Emperor Way
Exeter Business Park
Exeter
EX1 3QS
Bankers Barclays Bank pic
39/40 Fleet Street
Torguay
TQ2 5DL
Solicitors Brixlaw Ltd
3 Bolton Street
Brixham
TQ5 9DA

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note E E
Jerome from„
Donations
and legacies		 202,662 208,264 410,926 144,595
Charitable
activities		 84,430 110,796 195,226 62,564
Other trading
activities		 34,882 34,882 66,976
Investments 394
Other income 8,493 25,723 34,216 5,517
Total income 330,467 344,783 675,250 280,046
Expenditure
on:
Charitable
activities		 9 109,965 269,462 379,427 304,926
Expenditure
on raising funds		 10 33,688 33,688 67,755
Total expenditure 143,653 269,462 413,115 372,681
Net income/(expenditure) 186,814 75,321 262,135 (92,635)
Transfers
between		 funds 19 (23,975) 23,975
Net movement
in funds before other
recognised
gains		 162,839 99,296 262,135 (92,635)
Other recognised gains:
Gains on revaluation offixed assets 250,000 250,000
Net movement
in funds		 412,839 99,296 512,135 (92,635)
Reconciliation
offunds:
Total funds
brought		 forward 91,284 535,403 626,687 719,322
Net movement
in funds		 412,839 99,296 512,135 (92,635)
Total funds carried forward 504,123 634,699 1,138,822 626,687

Note 2021f 2020
F
Fixed assets
Tangible assets 15 1,437,354 1,161,097
1,437,354 1,161,097
Current assets
Debtors 16 21,778 4,338
Cash at bank and in hand 423,667 68,404
445,445 72,742
Creditors: amounts falling due within one
year 17 (28,041) (2,599)
Net current assets 417,404 70,143
Total assets less current liabilities 1,854,758 1,231,240
Creditors: amounts falling due after more
than one year 18 (715,936) (604,553)
Net assets excluding pension asset 1,138,822 626,687
Total net assets 1,138,822 626,687
Charity funds
Restricted
funds		 19 634,699 535,403
Unrestricted
funds		 19 504,123 91,284
Total funds 1,138,822 626,687

2021 2020
E
Cash flows from operating activities
Net cash generated/(used) in operating activities 254,621 (83,075)
Cash flows from investing activities
Purchase oftangible
fixed assets		 (28,717) (145)
Net cash used in investing activities (28,717) (145)
Cash flows from financing activities
Cash inflows
from new borrowing		 150,000
Repayments
of borrowing		 (20,641)
Net cash provided
by financing
activities		 129,359
Change
in cash and cash		 equivalents in the year 355,263 (83,220)
Cash and cash equivalents at the beginning ofthe year 68,404 151,624
Cash and cash equivalents at the end of the year 423,667 68,404

Unrestricted Restricted Total Total
funds funds funds funds
ence
4 V		 A+A
SU2 I		 c.vkv
Donations 18,604 430 19,034 53,952
Grants 184,058 207,834 391,892 90,643
202,662 208,264 410,926 144,595
TOTAL 2020 35,457 109,138 144,595

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E
Service charges 16,643 96,930 113,573
Property income 67,787 13,866 81,653 62,564
84,430 110,796 195,226 62,564
TOTAL 2020 44,734 17,830 62,564

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020f
Fundraising events 708
TOTAL 2020 528 180 708

I I
4-'-J.
'v"i ~i~w aiisis 4		 —,i
Iotal		 Tua'ai
funds funds funds
2021 2021 2020
Shop income 29,517 29,517 50,195
Cafe takings 145 145 3,596
Room hire 5,220 5,220 12,477
34,882 34,882 66,268
TOTAL 2020 66,268 66,268
Unrestricted Total Total
funds funds funds
2021f 2021 2020
Bank interest 394
TOTAL 2020 394 394

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
F
Consultancy 4,115
Gift aid 598 598 1,402
Other including Covid support funding 7,895 25,723 33,618
8,493 25,723 34,216 5,517
TOTAL 2020 3,229 2,288 5,517

v ~ \vela 4vCT Total I V(al
funds funds funds funds
2021 2021 2021 2020
F E
General 96,202 19,014 115,216 151,671
Youth Music and Music Mayhem 12,250 12,250 14,899
Power to Change 1,048 1,048 3,222
Staying Put 32,476 32,476 11,777
Tudor Trust 16,109 16,109 10,468
Access Impact and Bounce Back 44,456 44,456
Cavern Mews 6,666 6,666
Brixham Youth Hub and Young Volunteers 141 24,521 24,662 27
Empty Homes and Home from Hospital 9,243 17,169 26,412 35,842
Picking up the Pieces and People's Health
Trust 4,379 3,276 7,655 13,772
Reach, Carers and Edgeworks 17,411
Jewson 92,477 92,477 45,837
109,965 269,462 379,427 304,926
TOTAL 2020 196,805 108,121 304,926

Unrestricted Total Total
funds funds funds
2021 2021 2020
E E
Shop - resources expended 17,864 17,864 44,165
Shop - wages and salaries 15,318 15,318 23,052
Shop - Nl 243 243
Shop - pension costs 263 263 538
33,688 33,688 67,755
TOTAL 2020 67,755 67,755

Activities
undertaken
~@I
VUWJt
Support
\ill@' W		 Total
jullos		 Total
fUrlds
2021 2021 2021 2020
E E E
General 111,633 3,583 115,216 151,671
Youth Music and Music Mayhem 12,250 12,250 14,899
Power to Change 1,048 1,048 3,222
Staying
Put		 32,476 32,476 11,777
Tudor Trust 16,109 16,109 10,468
Access Impact and Bounce Back 44,456 44,456
Cavern
Mews		 6,666 6,666
Brixham Youth Hub and Young Volunteers 24,662 24,662 27
Empty Homes and Home from Hospital 26,412 26,412 35,842
Picking up the Pieces and People's Health
Trust 7,655 7,655 13,772
Reach, Carers and Edgeworks 17,411
Jewson 92,477 92,477 45,837
375,844 3,583 379,427 304,926
TOTAL 2020 304,926 304,926
12. Independent examiner's remuneration
2021f
Fees payable to the charity's
independent		 examiner for the independent examination of
the charity's annual accounts 3,540
13. Staff costs
2021f 2020
E
Wages and salaries 193,520 170,699
Social security costs 14,050
Contribution
to		 defined contribution pension schemes 8,047 6,034
215,617 176,733

2021 2020
No. No.
Employees 13

Land and Motor Fixtures and
buildings vehicles fittings Total
E
COST OR VALUATION
At 1 April 2020 1,150,000 9,450 25,532 1,184,982
Additions 24,682 4,035 28,717
Revaluations 250,000 250,000
At 31 March 2021 1,424,682 9,450 29,567 1,463,699
DEPRECIATION
At 1 April 2020 4,639 19,246 23,885
Charge for the year 1,203 1,257 2,460
At 31 March 2021 5,842 20,503 26,345
NET BOOK VALUE
At 31 March 2021 1,424,682 3,608 9,064 1,437,354
At 31 March 2020 1,150,000 4,811 6,286 1,161,097

2021 2020
DUE WITHIN ONE YEAR
Trade debtors 2,763 1,857
Other debtors 465 1,402
Prepayments and accrued income 18„550 1,079
21,778 4,338

2021 2020
Loans 17,976
Accruals and deferred income 10,065 2,599
28,041 2,599

2021 2020
'%1 C tlat
~U y4vv
Included
within the above are amounts		 falling due as follows:
2021f 2020
E
BETWEEN ONE AND TWO YEARS
Other loans 50,304
BETWEEN TWO AND FIVE YEARS
Loans 665,632 604,553
OVER FIVEYEARS

Balance at
Balance at 1 V t ItlCllcl I
April 2020f Income
f		 Expenditure
f		 in/outf (Losses)f 2021f
UNREST'D
FUNDS
General (19,138) 208,399 (96,202) (23,975) 69,084
Cafe 6,932 145 (58) 7,019
Edge Works 46,090 46,090
Shop 27,494 29,517 (33,630) 23,381
EHomes 25,257 4,777 (9,243) 20,791
Carers 4,645 4,645
Young
Volunteers 893 (141) 756
Picking
up the
Piece 86,736 (4,379) 82,357
Property
revaluation 250,000 250,000
91,284 330,467 (143,653) (23,975) 250,000 504,123
RESTRICTED
FUNDS
Music Mayhem 23,044 500 23,544
Power to
Change 480,137 216 (1,048) 479,305
Peoples Health
Trust 4,931 12,999 (3,276) 14,654
Reach Fund 4,428 4,428
Jewsons/Homes
England 26,007 85,169 (92,477) 18,699
Staying
Put		 1,865 31,035 (32,476) 424
Tudor Trust 9,716 19,016 (16,109) 12,623
Youth Music (14,725) 3,000 (12,250) 23,975
Home from
Hospital 34,710 (17,169) 17,541
Bounce Back 40,819 (39,656) 1,163
Cavern
Mews		 50,000 (6,666) 43,334
Access Impact 5,400 (4,800) 600
Brixham Youth
Hub 42,905 (24,521) 18,384
CJRS 6,264 (6,264)

Balance at
Bala&c~ at 4 g
CI~ ~I&I		 91 ftlarcll
April 2020f Income
f		 Expenditure f in/outf (Losses)f 2021
Coronavirus
Business
Interruption 12,750 (12,750)
535,403 344,783 (269,462) 23,975 634,699
TOTAL OF
FUNDS 626,687 675,250 (413,115) 250,000 1,138,822

Balance at
Qolonr
r,		 -C
\ I Ml IVI&I		 D ~ 4
.
I
IVlal I I I
1 April 2019 Income Expenditure in/out 2020
E F F F
UNRESTRICTED FUNDS
General 83,839 65,902 (154,956) (13,923) (19,138)
Cafe 4,735 3,581 (1,415) 31 6,932
Edge Works 50,000 (3,910) 46,090
Shop 39,748 50,985 (63,056) (183) 27,494
E Homes 30,987 30,111 (35,841) 25,257
Carers (5,355) 10,000 4,645
Young Volunteers 31 (27) 4
209,309 150,610 (264,560) (4,075) 91,284
RESTRICTED FUNDS
Music Mayhem 22,792 426 (174) 23,044
Power to Change 464,154 17,830 (3,222) 1,375 480,137
Peoples Health Trust 10,493 8,211 (13,773) 4,931
Reach Fund 12,574 (8,146) 4,428
Jewsons/Homes England 71,843 (45,836) 26,007
Staying Put 10,942 (11,777) 2,700 1,865
Tudor Trust 20,184 (10,468) 9,716
Youth Music (14,725) (14,725)
510,013 129,436 (108,121) 4,075 535,403
TOTAL OF FUNDS 719,322 129,436 (372,681) 626,687

Analysis ofnet as sets betw een funds - cur rent year
Unrestricted Restricted Total
fu ~4& juiIII's
2021 2021 2021
f. F
Tangible fixed assets 973,200 464,154 1,437,354
Current assets 274,900 170,545 445,445
Creditors due within one year (28,041) (28,041)
Creditors due in more than one year (715,936) (715,936)
TOTAL 504,123 634,699 1,138,822
Analysis ofnet assets between funds - prior year
Unrestricted Restricted Total
funds funds funds
2020
E		 2020f 2020
E
Tangible fixed assets 625,694 535,403 1,161,097
Current assets 72,742 72,742
Creditors due within one year (2,599) (2,599)
Creditors due in more than one year (604,553) (604,553)
TOTAL 91,284 535,403 626,687
Reconciliation
ofnet movement		 in funds to net cash flow from operating activities
2021 2020
Net
income/expenditure
for		 the year (as per Statement of Financial
Activities) 262,135 (92,635)
ADJUSTMENTS FOR:
Depreciation
charges		 2,460 3,176
Decrease/(increase) in debtors (17,440) 23,277
Increase/(decrease) in creditors 7,466 (16,893)
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES 254,621 (83,075)

2021f 2020
F
Cash in hand 423,667 68,404
TOTAL CASH AND CASH EQUIVALENTS 423,667 68,404

At 1 April At 31 March
2020 Cash flows 2021
f
Cash at bank and in hand 68,404 355,263 423,667
Debt due within 1 year (17,976) (17,976)
Debt due after 1 year (604,553) (111,383) (715,936)
(536,149) 225,904 (310,245)