##
##
##
##
||||||||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|||
|||||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|
##