| Pages | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' | annual report |
(incorporating | the | directors' report) | 1to 5 | ||
| Independent examiner's |
report to the | trustees | 6to 7 | ||||
| Statement | offinancial | activities (including | income and expenditure | account) | |||
| Statement | offinancial | position | 9to 10 | ||||
| Notes to | the financial | statements | 11to 21 |
| REFERE | N | CE AND ADMINIS | CE AND ADMINIS | TRATIVE DETAILS | TRATIVE DETAILS | |
|---|---|---|---|---|---|---|
| Registered | charity name | Middleton Plus Development |
Trust | |||
| Charity registration | number | 1072829 | ||||
| Company | registration | aumber | 3520711 | |||
| Priacipal | office and registered | 10Market Place | ||||
| office | Middleton in Teesdale |
|||||
| Barnard Castle | ||||||
| County Durham |
||||||
| DL12 OQG | ||||||
| THE TRUSTEES | ||||||
| I RTallentire | ||||||
| W LTallentire | ||||||
| ITait | ||||||
| L M Bares | ||||||
| M Cleminson | ||||||
| P A Phillips | ||||||
| Mr A C Mitchell | ||||||
| J L Stark | ||||||
| RA Bell | ||||||
| D M Currie | ||||||
| Mrs SJMcBain | ||||||
| Mr R Danby | ||||||
| Company | secretary | L M Bares | ||||
| ladepeadent | examiner | Philip W Lamb | ||||
| Allen Sykes Ltd | ||||||
| 5 Henson Close | ||||||
| South Church Enterprise | Park | |||||
| Bishop Auckland | ||||||
| County Durham |
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| DL146WA |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | f | 8 | 6 | ||||
| income and endowments | |||||||
| Donations and legacies |
5 | 2,263 | 2,263 | 4,879 | |||
| Charitable activities |
6 | 3.983 | 3,983 | 6,154 | |||
| Investment income |
7 | 2 | |||||
| Other income | 8 | 22,705 | 22,705 | ||||
| Total iacome | 28,951 | 28,951 | 11,035 | ||||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 9,10 | 8,731 | 2,685 | 11,416 | 17,653 | |
| Total expenditure | 8,731 | 2,685 | 11,416 | 17,653 | |||
| Net income/(expenditure) | and net | ||||||
| movement in fuads |
20,220 | (2,685) | 17,535 | (6,618) | |||
| Reconciliatioa offuads |
|||||||
| Total funds brought | forward | 12,703 | 50,445 | 631148 | 69,766 | ||
| Total funds carried | forward | 32,923 | 47,760 | 80,683 | 63,148 |
| STATEME | NT O | F FINANCIAL | POSITION | |||
|---|---|---|---|---|---|---|
| 31 | MARCH 2021 | |||||
| 2021 | 2020 | |||||
| Note | I | |||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 17 | 50,553 | 54,088 | |||
| CURRENT ASSETS | ||||||
| Stocks | 18 | 3,625 | 3,625 | |||
| Debtors | 19 | 1,105 | 2,011 | |||
| Cash at bank and in hand | 26,538 | 4,919 | ||||
| 31,268 | 10,555 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | 20 | 1,138 | 1,495 | |||
| NET CURRENT ASSETS | 30,130 | 9,060 | ||||
| TOTAL ASSETSLESS | CURRENT | |||||
| LIABILITIES | 80,683 | 63,148 | ||||
| NET ASSETS | 80,683 | 63,148 | ||||
| FUNDS OFTHE CHARITY | ||||||
| Restricted funds |
47,760 | 50.445 | ||||
| Unrestricted funds |
32,923 | 12,703 | ||||
| Total charity fuads | 21 | 80,683 | 63,14$ |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||
| f. | f | f. | f | |||
| DONATIONS | ||||||
| Donations | 2,263 | 2,263 | 4,879 | 4,879 | ||
| 6. | CHARITABLE | ACTIVITIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 f |
Funds f |
2020 | |||
| TlC sales | 1.283 | 1,283 | ||||
| TIC rent | 3,680 | 3,680 | 4,620 | 4,620 | ||
| Other income | 303 | 303 | 251 | 251 | ||
| 3,983 | 3,983 | 6,154 | 6,154 | |||
| 7. | INVESTMENT | INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| f | f | f | ||||
| Bank interest receivable | 2 | 2 | ||||
| 8. | OTHER INCOME | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| f | f | f | f | |||
| Covid 19support | funding | 22,705 | 22,705 |
| EXPENDI | TURE ON C | HAR | ITA | BLE A | CTIVIT | IES BYFUND T | YPE | |
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds f |
2021 f |
||||||
| Operation | ofthe TIC | 3,947 | 2,640 | 6,587 | ||||
| Trust operations | 24 | 24 | ||||||
| Supporting | &developing | activities | in Teesdale | |||||
| Heritage Resource &Activity | Centre/Meet | the | ||||||
| Middletons | 21 | 21 | ||||||
| Support costs | 4,784 | 4,784 | ||||||
| 8,731 | 2,685 | 11,416 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2020 | ||||||
| f | f | |||||||
| Operation | ofthe TIC | 4,336 | 3,225 | 7,561 | ||||
| Trust operations | 4,094 | 29 | 4,123 | |||||
| Supporting | &developing | activities | in Teesdale | 852 | 852 | |||
| Heritage Resource &Activity | Centre/Meet | the | ||||||
| Middletons | 79 | 79 | ||||||
| Support costs | 5,038 | 5,038 | ||||||
| 14,320 | 3,333 | 17,653 |
| EXPENDI | TURE ON C | HARITA | BLE | ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|---|
| Activities | |||||||
| undertaken | Total funds | Total funds | |||||
| directly f |
Support costs f |
2021 f |
2020 | ||||
| Operation ofthe TIC | 6,587 | 4,094 | 10,681 | 10,195 | |||
| Trust operations | 24 | 15 | 39 | 4,623 | |||
| Supporting | &developing | activities | in | ||||
| Teesdale | 2,086 | ||||||
| Heritage Resource &Activity | |||||||
| Centre/Meet | the Middletons | 21 | 21 | 79 | |||
| Governance | costs | 675 | 675 | 670 | |||
| 6,632 | 4,784 | 17,653 |
| Operation of | Tillst | ||||||
|---|---|---|---|---|---|---|---|
| the TIC f |
operations | Total 2021 f |
Total 2020 f |
||||
| Communications | and | IT | 199 | l | 200 | 199 | |
| Governance | costs | 675 | 675 | 670 | |||
| Depreciation | 3,241 | l2 | 3,253 | 3,395 | |||
| Insurance | 654 | 2 | 656 | 774 | |||
| 4,769 | 15 | 4,784 | 5,038 |
| Net income/(expenditure) | is sta | ted | aft | er c | hargin | g/(crediting): | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||
| Depreciation oftangible | fixed assets | 4,923 | 5,096 | |||||||
| Operating lease rentals |
270 | |||||||||
| 13. | INDEPENDENT EXAMINATION |
FEES | ||||||||
| 2021 | 2020 | |||||||||
| f | f | |||||||||
| Fees payable to the independent | examiner | for: | ||||||||
| Independent examination |
ofthe financial | statements | 400 | |||||||
| Other financial services | 235 | |||||||||
| 635 | ||||||||||
| 14. | STAFFCOSTS | |||||||||
| The total staff costs and | employee | benefits | for | the reporting | period are analysed as follows: |
|||||
| 2021 | 2020 | |||||||||
| f | f | |||||||||
| Wages and salaries | 1,638 | 1,638 | ||||||||
| The average head count |
ofemployees | during | the year was | 1 (2020: 1).The average | number of | |||||
| full-time equivalent employees |
during | the | year | is analysed | as follows: | |||||
| 2021 | 2020 | |||||||||
| No. | No. | |||||||||
| Number ofadmin staff | 1 | I |
| 17. | TANGIBLE | FIXEDASSETS | |||
|---|---|---|---|---|---|
| Freehold | Fixtures and | ||||
| property | fittings | Total f |
|||
| Cost | |||||
| At l April 2020 | 80,402 | 32,625 | 113,027 | ||
| Additions | 1.388 | 1,388 | |||
| At31March | 2021 | 80,402 | 34,013 | 114,415 | |
| Depreciation | |||||
| At I April 2020 | 32,035 | 26,904 | 58,939 | ||
| Charge for the year | 1,608 | 3,315 | 4,923 | ||
| At 31 March | 2021 | 33,643 | 30,219 | 63,862 | |
| Carrying amount |
|||||
| At31March | 2021 | 46,759 | 3,794 | 50,553 | |
| At 31 March | 2020 | 48,367 | 5,721 | 54.088 | |
| 18. | STOCKS | ||||
| 2021 | 2020 | ||||
| f | f | ||||
| Raw materials | and consumables | 3,625 | 3,625 | ||
| 19. | DEBTORS | ||||
| 2021 f |
2020 f |
||||
| Prepayments | and accrued income | 383 | 786 | ||
| Other debtors | 722 | 1,225 | |||
| 1,105 | 2,011 |
| CREDITORS: amounts falling due within one yea |
r | |
|---|---|---|
| 2021 | 2020 | |
| Trade creditors | 42 | 14 |
| Accruals and deferred income | 536 | 536 |
| Other creditors | 560 | 945 |
| 1,138 | 1,495 |
| Unrestr | icted | funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| At | At 31 | March | |||||||
| 1 | April 2020 | Income | Expenditure Transfers |
2021 f |
|||||
| General | funds | 4,465 | 28,951 | (8,731) 8,238 |
32,923 | ||||
| Events | fund | 1,059 | (1,059) | ||||||
| TIC property | fund | 7,067 | (7,067) | ||||||
| TIC general | fund | 112 | (112) | ||||||
| 12,703 | 28,951 | (8,731) | |||||||
| At | At | 31 | March | ||||||
| 1 | April 2019 f |
Income | Expenditure f Transfers f |
2020 f |
|||||
| General | funds | 7,082 | 4,952 | (12,088) 4,519 |
4,465 | ||||
| Events | fund | 1,731 | 180 | (852) | 1,059 | ||||
| TIC property | fund | 6,978 | 4,620 | (30) (4,501) |
7,067 | ||||
| TICgeneral | fund | 140 | 1,283 | (1,350) 39 |
112 | ||||
| 15,931 | 11,035 | (14,320) 57 |
12,703 | ||||||
| Details | ofdesignated | funds | |||||||
| Events | fund | Amounts received from the public at various events |
|||||||
| organised under the Upper Teesdale Events |
Programme. | ||||||||
| Money raised at these events is set aside to | be | used to | |||||||
| continue the | project in the absence ofspecific | funding; | |||||||
| TIC property | fund | This fund holds funds raised from rental income | which | ||||||
| have been set aside for repairs &maintenance | to | the | |||||||
| property and |
running costs during vacant periods; |
||||||||
| TIC general | fund | TIC funds raised from the operation ofthe | TIC&set | ||||||
| aside in a separate bank account for TIC running |
costs. |
| At | At 31March | |||||
|---|---|---|---|---|---|---|
| I April 2020 f |
Income | Expenditure f |
Transfers f |
2021 f |
||
| HRAC/MTM | 141 | (21) | 120 | |||
| TMD/CCB | 161 | (24) | 137 | |||
| TIC property | 48,367 | (1,608) | 46,759 | |||
| County Durham |
||||||
| Community | Foundation | 776 | (418) | 358 | ||
| Teesdale Area Action | ||||||
| Partnership | 1,000 | (614) | 386 | |||
| 50,445 | (2,685) | 47,760 | ||||
| At | At 31 March | |||||
| I April 2019 f |
Income | Expenditure f |
Transfers f |
2020 | ||
| HRAC/MTM | 277 | (79) | (57) | 141 | ||
| TMD/CCB | 190 | (29) | 161 | |||
| TIC property | 49,975 | (1,608) | 48,367 | |||
| County Durham |
||||||
| Community | Foundation | 2,393 | (1,617) | 776 | ||
| Teesdale Area Action | ||||||
| Partnership | 1,000 | 1,000 | ||||
| 53,835 | (3,333) | (5'/) | 50,445 |
| ANALY | SIS OF N | ET ASSETSBETW | EEN FUNDS | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| f | f. | ||||
| Tangible | fixed assets | 3,537 | 47,016 | 50,553 | |
| Current | assets | 30,524 | 744 | 31,268 | |
| Creditors | less than | 1 year | (1,138) | (1,138) | |
| Net assets | 32,923 | 47,760 | 80,683 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| f | f | ||||
| Tangible | fixed assets | 5,419 | 48,669 | 54,088 | |
| Current | assets | 8,779 | 1,776 | 10,555 | |
| Creditors | less than | 1 year | (1,495) | (1,495) | |
| Net assets | 12,703 | 50,445 | 63,148 |