2021-03-31-accounts - Torbay Coast And Countryside Trust

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				Page
Reference and Administrative		Details ofthe Company,	its Trustees and Advisers	1
Trustees' Report
Independent	Auditors' Report	on the Financial Statements		14-17
Consolidated	Statement of Financial Activities			18
Consolidated	Balance Sheet			19-20
Company Balance Sheet				21-22
Consolidated	Statement ofCash Flows			23
Notes to the	Financial Statements			24-48

Trustees			Alan Tyerman,	Chair (resigned	Chair (resigned	Chair (resigned	Chair (resigned	Chair (resigned	19May 2021)
			Andra Johnstone,		Chair
			Raymond Bedder
			Roger Knight
			Clare Rugg (resigned				16November 2020)
			Christopher Robson			(appointed			19May 2021)
			Francis Sobey (appointed					19May 2021)
			Gillian Burchell	(appointed 19May 2021)
			John Lowes (appointed				19May 2021)
			Leslie Burnett (appointed					19May 2021)
			Simon Miller (appointed					19May 2021, resigned		14December 2021)
			Timothy Courtenay			(appointed			19May 2021, resigned		14December 2021)
Company	registered
number			03757410
Charity registered
number			1077561
Registered		office	Occombe Farm
			Preston Down Road
			Paignton
			Devon
			TQ3 1RN
Company	secretary		Damian Offer
Chief executive officer			Damian Offer
Independent		auditors	Bishop Fleming	LLP
			Chartered Accountants
			2nd Floor Stratus		House
			Emperor Way
			Exeter Business	Park
			Exeter
			EX1 3QS
Bankers			Lloyds Bank pic
			51-52Fleet Street
			Torquay
			Devon
			TQ2 5DW
Solicitors			Wollens
			Carlton House
			30The Terrace
			Torquay
			Devon
			TQ1 1BS

				Restricted	Restricted
				funds-	funds -	Unrestricted	Total	Total
				Revenue 2021	Capital 2021	funds 2021	funds 2021	funds 2020
			Note					E
Income from:
Contributions, donations
and legacies. '			2
Contribution to	estate
management from Torbay Council						199&400	199,400	195,353
Memberships,
donations and
legac.ies						86,728	86,728	'l17,269
Charitable activities			3	437,500		663,298	990,798	678,793
Other activities;			4
Fundraislng						83&765	83&?55	277,968
Trading activities						236,817	236,617	57'l,558
Investments			5			272	272	2,?51
Other Income			6			73,853	73&853	1,114
Total income				437,600		1,233,923	1,671&423	1,844,606
Expenditure on:
Raising funds						173,972	173,972	341,445
Charitable activities				16,600	62,998	1,142,191	1,220,787	1,513,?45
Total expenditure				15,800	62,996	1,316,183	1,394,759	1,855,190
Other recognised
gains:
Gains on revaluation		of
fixed assets								4,615
Net movement	in
funds				421,900	(62,996)	(82,240)	278&664	(5,769)
Reconciliation	of
funds;
Total funds brought forward				414,898	2,183,998	1,750,041	4,348,937	4,354,706
Net movement in funds				421,900	(B2,996)	(82,240)	278,664	(5,769)
Total funds carried
forward				838,798	2,121,002	1,867,801	4,825,601	4,348,937

					2021		2020
			Note		f.
Fixed assets
Tangible assets					4,107,363		3,603,939
					4,107,363		3,503,939
Current assets
Stocks			14	64,493		69,904
Debtors			15	213,688		145,674
Cash at bank and		In hand		677,160		1,101,228
				946,231		'J,306,806
Creditors: amounts		falling due within one
year			16	(261,499)		(279,799)
Net current assets					4,801,086		4,630,948
Total assets less		current liabilities			4,801,086		4,530,946
Creditors; amounts		failing due after more
than one year			17		(170,600)		(177,126)
Deferred Tax					(4,884)		(4,884)
Total net assets					4,626,601		4,348,937
Charity funda
Restricted funds:
Restricted funds	-	Revenue	19	836,798		414,898
Restricted funds	-	Capital	19	2,121,002		2,183,998
Total restricted	funds		19		2,967,800		2,698,898
Unrestricted funds			19		1,667,801		1,760,041
Total funds					4)626,601		4,348,937

					2021		2020
			Note
Fixed assets
Tangible assets			11		4,089,416		3,461,604
Investments			13		1,005		1,005
					4,070,421		3,462,609
Current assets
Stocks			14	4'7,906		52,869
Debtors			15	282,827		263,748
Cash at bank and in hand				684,929		850,668
				916,481		1,167,205
Creditors: amounts		falling due within one
year			16	(238,948)		(243,819)
Net current assets					87S,616		923,386
Total assets less current liabilities					4,748,938		4,385,995
Creditors: amounts		falling due after more
than one year			17		(170,600)		(177,125)
Total net assets					4,678,338		4,208,870
Charity funds
Restricted funds;
Restricted funds	- Capital		19	2,121,002		2,183,998
Restricted funds	- Revenue		19	836,798		414,698
Total restricted	funds		19		21957,800		2,598,896
Unrestricted funds			19		1,620,538		1,609,974
Total funds					4,678,336		4,208,870

					2021	2020
					f.
Cash flows from operating		activities
Net cash	used in operating	activities			330194'7	(87,901)
Cash flows from investing		activities
Interests	and rents A'om investments				272	2,761
Proceeds	from the sale of intangible assets					1,141
Purchase	oftangible fixed assets				(766,297)	(9,377)
Net cash	used In Investing	activities			(766,026)	(5,486)
Change	In cash and cash	equivalents	In	the year	(424/078)	(93,386)
Cash and	cash equivalents	at the beginning		of the year	1,101,22S	1,194,614
Cash and cash equivalents		at the end of		the year	877,150	1,101,228
The notes on pages 24 to 48 form part ofthese financial statements

Freehold property Plant and machinery	-6-60years straight - 8-10years straight	line line
Motor vehicles	-4years straight line
Fixtures and fittings	-4-6years straight	line
Other fixed assets	- Livestock assets are value annually		by th'e
	directors

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
			f.
Contribution	to estate management	from
Torbay Council				199,400	199,400	195,363
Donations				639	639	13,609
Legacies				22771	22,771	40,000
Memberships				63,318	63,318	63,760
SUBTOTAL.				86,728	86,728	117,269
				286,128	286,128	312,622
TOTAL 2020			803	311,819	312,622

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
		F.
Grants		349,631	349&631	235,982
Education				33,318
Rents		59,4'I 8	69,418	63,979
Primary Trading		73,400	73,400	89,374
Other Incoming Resources		59,849	69,849	84,269
Feed In tariff Income		11,000	11,000	31,471
Monies received under section 108long term agreements	437,500		¹3?,600	160,400
TOTAL 2021	437,600	653,298	990„798.	678,793
TOTAL 2020	237,370	441,423	678,793

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		E	f.	F
Revenues	from fundralsing	83,766	83,?65	277,968
TOTAL 2020		277,968	277,968

			Unrestricted	Total	Total
			funds	funds	funda
			2021	2021	2020
Torbay Coast and Countryside	Enterprises	Limited	236,691	238,691	671,303
Bank interest received			26	26	256
			236,617	236,617	671,559
TOTAL 2020			571,569	571,569

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		F
Investment	income- bank interest	272	272	2,761
TOTAL 2020		2,751	2,751

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
Coronavirus	job retention	scheme income	71,653	71,663
Profit on disposal offixed		assets	2,300	2,300	1,114
			73,853	73,853	1,114
TOTAL 2020			1,114	1,1'l4

					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2021	2021	2021	2020
Property	and	land management		costs	6,968	299,165	306,133	369,926
Vehicle	and farm machinery		costs			39,044	39,044	46,518
Auditor's	remuneration					13,600	13,600	12,000
Administration		Costs				181,482	181,482	412,314
Wages	and $alaries				8,632	483,022	40&%	626,883
Depreclaition					62,996	97,961	160,957	138,383
Governance		Costs				28,017	28„017	8,921
					78,696	1,142,191	1,220,787	1,613,745
TOTAL	2020				69,484	1,454,261	1,613,745

							2021	2020
							E
Fees payable	to the Company's		auditor		for the audit of the Company's
annual accounts							13,600	12,000
Fees payable	to the Company's		auditor		in respect of;
All assurance	services	not included		above			4,192	5,000
Staff costs
					Group	Group	Company	Company
					2021	2020	2021	2020
						E
Wages and salaries					583,676	604,545	442,038	447,966
Social security costs					40,414	43,323	31,693	32,102
Contribution	to defined	contribution		pension
schemes					26)615	26,807	20,793	19,864
					630,606	674,675	494&624	499,932

				Group	Group
				2021	2020
				No.	No.
Charitable activities				13	16
Trading	activities			14	18
Support	staff, Costs ofgenerating		funds	7	4
Support	Staff; Charitable	activities		5	4
				39	42

				Fixtures
	Land and	Plant and	Motor	and
	buildings	equipment	vehicles	fittings	Livestock	Total
COST OR VALUATION
At 1 April 2020	3,842,181	1,484,260	216,367	535,360	183,015	6,261,183
Additions	634,603	6,377	25„B95	102&094		768,769
Disposals			(13,472)			(13,472)
At 31 March 2021	4,476,784	1,490,637	228,590	637,454	183,015	7,018,480
DEPRECIATION
At 1 April 2020	717,915	1,298,000	215,281	526,048		2,757,244
Charge for the year	75,820	57,305	6,642	25,588		1B5„355
On disposals			(13,472)			(13,472)
At 31 March 2021	793,735	1,355,305	208,451	551,B3B		2,909,127
NET BOOK VALUE
At 31 March 2021	3,683,049	135,332	20,139	85,818	183,015	4,107,353
At 31 March 2020	3,124,266	186,260	1,088	9,312	183,015	3,503,939
					I

				Fixtures
	Land and	Plant and	Motor	and
	buildings	equipment	vehicles	fittings	Livestock	Total
COST OR VALUATION
At 1 April 2020	3,823,680	1,421,479	208,887	407,624	183,015	8,044,666
Additions	634,603	8,377	25,695	102,094		768,769
Dlsposais			(13,472)			(13,472)
At 31 March 2021	4,458,283	1,427,868	221,090	609,618	183,015	6,799,862
DEPRECIATION
At 1 April 2020	714,866	1,268,467	208,867	402,981		2,682,961
Charge for the year	76,616	64,620	8,424	24,398		160,967
On disposals			(13,472)			(13,472)
At 31 March 2021	790,171	1,311,07?	201,819	427,379		2,730,446
NET BOOK VALUE
At 31 March 2021	3,888,112	116,779	19,271	82,239	183,016	4,089,416
At 31 March 2020	3,109,024	165,022		4,543	183,015	3,461,604

	2021	2020
		F
Plant and equipment	56,?47	11,875
Motor vehicles	11,021
TOTAL 2021	67,788	11,875

								Investments	Investments
									In
								subsidiary
								companies
	COMPANY								F.
	COST OR VALUATION
	At 1 April 2020								1,006
	At 31 March 2021								1,006
	Principal subsidiaries
	The following were subsidiary	undertakings	ofthe	Company:
	Names					Holding	Included		In
							consolidation
	Torbay Coast and Countryside South Devon Biomass Limited	Enterprises	Limited			100% Yes 100% Yes
14.	Stocks
				Group 2021	Group Company 2020 2021			Company 2020
									E
	Finished goods and goods for	resale		64,493	69,904		47,905		62,869

		Group	Group	Company	Company
		2021	2020	2021	2020
DUE WITHIN	ONE YEAR
Trade debtors		120,193	26,226	119,073	23,884
Amounts owed by group undertakings				70,486	147,0T0
Other debtors		69,996	4,893	89,993	4,893
Prepayments	and accrued income	23,400	114,656	23,098	87,901
		213,688	146,674	282,627	263,748

					Group	Group	Company	Company
					2021	2020	2021	2020
						E
	Other loans					3,126		3,125
	Trade creditors				90,424	67,059	90,160	63,459
	Other taxatlon		and social security		7,393	27,673	4,363	10,223
	Obligations	under finance lease and hire
	purchase	contracts			10,964	33,338	10,964	33,336
	Other creditors				19,907	22,943	19,838	22,938
	Accruals and deferred			income	122,821	136,763	111,661	120,738
					261,499	279,799	238)948	243,819
17.	Creditors:	Amounts		falling due after more than one year
					Group	Group	Company	Company
					2021	2020	2021	2020
	Other loans				169,336	189,047	169,338	169,047
	Net obligations		under	finance lease and hire
	purchase	contracts			11,284	S,OT8	11,284	8,078
					170,600	177,126	170,800	177,126

G	ROU	P AND C	OMPA	NY
					2021
At	the	beginning	ofthe	year	4,884
					4,884

The deferred	tax liability Is made up as follows;	Group	Group
		2021	2020
Accelerated	capital allowances	(4,884)	(4,884)
		(4,884)	(4,884)

Statement	offunds	- current	year
							Balance at
			Balance at 1			Transfers	81 March
			April 2020	Income	Expenditure	ln/out	2021
						f.
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Gillard Road (GRNR) "	Nature	reserve	473,214		(9,623)		463,691
Feed compensation		fund	297,000		(9,000)		288}000
Green burials			62,649	6,719			69,368
			832,863	6,719	(18,628)		&21,069
UNRESTRICTED FUNDS
Revaluation	reserve		162,386				'l62,386
South Devon	Biomass capital
fund			76,211		(1,906)		74,306
Unrestricted	capital	funds	1,081}344		(96,066)	768}769	1,764,068
Unrestricted	revenue	funds	(402,763)	'l,227,204	(1}199,679)	(768,769)	(1,144,007)
			917,178	1,227,204	(1,297,640)		846}742
TOTAL UNRESTRICTED
FUNDS			1,760,041	1,233,923	(1,316,163)		1,667,801

					Balance at
	Balance at 1			Transfers	31 Nlarch
	April 2020	Income	Expenditure	in/out	2021
	E
RESTRICTED FUNDS-
REVENUE
1.Wall Park offsite mitigation *	48)616		(1,863)		46,762
2. EMEWS - GRNR associated ecological monitoring "	70,328		(6,968)		63,3BO
3.Occombe - Habitat
Compensation Scheme (grassland) *	68,609		(2,736)		B6,773
4.Cockington CP - Habitat
Compensation Scheme (Girl bunting) "	77,406		(1)699)		75,707
6. Premier inn *	27,320		(480)		26)840
6, EPIC /White Rock *	35,407		(665)		34,762
7.Alfriston Road *	87,313		(1)199)		86,114
8.Yalberton Road		437,600			437,500
	414,898	437,600	(16,600)		836,798

							Balance at
			Balance at 1			Transfers	31 March
			April 2020	Income	Expenditure	In/out	2021
							P
RESTRICTED FUNDS-
CAPITAL
Berry Head	- On The Edge		896,307		(10,190)		386,117
Qccornbe Farm		Project One
Planet			269)099		(7}369)		261,740
One Planet			86,226 '		(2,263)		83,973
Occombe Re-development			86,689		(1,992)		83,697
Occombe -	Flngle Farm Barns		38,719		(993)		37,726
Cycle Project			391,662		(13,860)		877,802
HLF Cockington		Green Heart
Appeal			813,084		(19,207)		793)8?7
Countryside	Stewardship		23,730		(6,238)		18,492
Wall Park			89}482		(1,904)		87,678
			2,1S8,998		(62,996)		2,121,002
TOTAL RESTRICTED FUNDS			2,698,896	437,600	(7S,696)		2,967,800
TOTAL OF	FUNDS		4,348,937	1,671,423	(1,394,769)		4,626,601

Statement offunds	(continued)
Statement, offunds	- prior year
							Balance at
	Balance at				Transfers	Gains/	31 March
	1 April 2019		Income	Expenditure	In/out	(Losses)	2020
			E
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Glllard Road Nature reserve (GRNR)	485,292	'		(12,078)			473,214
Feed
Compensation fund	325,000			(28,000)			297,000
Green burials	51,882		17,857	(7,090)			62,649
	862,174		17,857	(47,168)			832,863
UNRESTRICTED
FUNDS
Revaluation reserve	157,771					4,615	162,386
South Devon
Biomass capital fund	78,117			(1,906)			76,211
Unrestricted capital .funds,							1,081,344
Unrestricted
revenue funds	(627,442)		1,585,604	(1,539,210)	178,285		(402,763)
	944,611		1,588,091	(1,620,139)		4,615	917,178
TOTAL
UNRESTRICTED
FUNDS	1,806,785		1,605,948	(1,667,307)		4,615	1,750,041

						Balance at
	Balance at			Transfers	Gains/	31 March
	1 April 2019	Income	Expenditure	in/out	(Losses)	2020
				E
RESTRICTED
FUNDS-
REVENUE
Section 106Long
Term
Agreements
1,Wall Park
offsite mitigation	66,996		(18,381)			48,615
2.EMEWS-
QRNR
associated
ecolgoclai
monitoring	86,846		(16,518)			70,328
3.Occombe-
Habitat
Compensation
Scheme
(grassland)	66,838			1,671		68,509
4. Cockington CP-
Habitat
Compensation
Scheme (Clrl
bunting)	84,662		(7,256)			77,406
5.Pemier Inn	122,257			(122,257)
Occombe re-
development		27,500	(180)			27,320
6.EPIC/White
Rock		35,587	(180)			35,407
7.Alriston Road		87,313				87,313
Grants and Lottery
Funding
1.HLF
Cockington
Green Heart
Appeal	199,896	81,569	(81,569)	(199,896)
	627,4'9'5	231,969	(124,084)	(320,482)		414,898

						Balance at
	Balance at			Transfers	Gains/	31 March
	1 April 2019	Income	Expenditure	in/out	(Losses)	2020
	E	E	E
RESTRICTED
FUNDS-
CAPITAL
Berry Head -On The Edge	406,398		(10,091)			396,307
Occombe Farm
Project One Planet	99,667		(7,135)	166,667		269,099
One Planet	107,762		(2,253)	(19,273)		86,226
Conservation
Grazing project
Wildlife
Enhancement
Scheme	8,669			(8,659)
Education Projects	122,267			(122,257)
Occornbe Re-
development	97,451		(1,992)	(9,770)		86,689
Occombe - Flngle Farm Barns	46,320		(993)	(6,608)		38,719
Cycle Project	405,622		(13,860)			391,662
HLF Cockington
Green Heart
Appeal	604,226	6,889	(20,333)	222,303		813I084
Geuntryside- Stewars hip	28,968		(6,238)			23,730
Wall Park	115,464		(1,904)	(24,078)		89,482
	2,042,683	6,889	(63,799)	198,225		2,183,998
TOTAL
RESTRICTED
FUNDS	2,670,178	238,858	(187,883)	(122,257)		2,698,896
TOTAL OF FUNDS	4,476,963	1,844,806	(1,855,190)	(122,257)	4,615	4,348,937

Summary	offunds	- current ye	ar
							Balance at
			Balance at 1			Transfers	31 March
			April 2020	Income	Expenditure	In/out	2021
					E
Designated	furids		832,863	6,719	(18,623)		821,069
General funds			917,178	1,227,204	(1,297,640)		84B,742
Restricted	funds		4'14&898	437,600	(16,600}		836,798
Restricted	Funds -	Capital	2,183,998		(B2,996)		2,121,002
			4,348,937	1,671,423	(1,394,769)		4,626&601
Summary	offunds - prior year
							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2019	income	Expenditure	in/out	(Losses)	2020
							F
Designated
funds		862,174	17,857	(47,168)			832,863
General funds		944,611	1,588,091	(1,620,139)		4,615	917,178
Restricted	funds	627,495	231,969	(124,084)	(320,482)		414,898
Restricted	Funds
-Capital		2,042,683	6,889	(63,799)	198,225		2,183,998
		4,476,963	1,844,806	(1,855,190)	(122,257)	4,615	4,348,937

Analysis	ofnet assets between funds -	current year
			Restricted
		Restricted	funds-	Unrestricted	Total
		funds	capltal	funds	funds
		2021	2021	2021	2021
Tangible	fixed assets		2,121,002	1,986,351	4,107,363
Current assets		836,798		108,433	946,231
Creditors	due within one year			(251,499)	(261,499)
Creditors	due in more than one year			(170,600)	(170,600)
Provisions	for liabilities and charges			(4,884)	(4,884)
TOTAL		836,798	2,121,002	1,667,801	4,B26&601

Analysis	of n	et asset	s between	funds -prior y	ear
						Restricted
				Endowment	Restricted	funds-	Unrestricted	Total
				funds	funds	capital	funds	funds
				2020	2020	2020	2020	2020
				E	E
Tangible	fixed	assets				2,183,998	1,319,941	3,503,939
Current assets				(70,999)	414,898		962,908	1,306,807
Creditors	due	within one year		71,000			(350,798)	(279,798)
Creditors	due	In more	than one
year							('l77,125)	(177,125)
Provisions	for	liabilities	and
charges							(4,884)	(4,884)
TOTAL				1	4'l4,898	2,183,998	1,750,042	4,348,939

										Group	Group
										2021	2020
Net Income/expenditure Activities)		for	the	year	(as	per	Statement	of	Financial	276,684	(10,384)
ADJUSTMENTS FOR:
Depreciation	charges									151,883	145,416
Dividends, interests and		rents	from	investments						(272)	(2,751)
Loss/(profit)	on the sale	offixed assets									(1,141)
Decrease/(increase) in stocks										5,411	(29,869)
Decrease in	debtors									3,089	52,000
(Decrease)	In creditors									(106,828)	(241,172)
NET CASH	PROVIDED	BY/(USED		IN)	OPERATING ACTIVITIES					330,947	(87,901)

		Group	Group
		2021	2020
			E
Cash in	hand	677,160	1,101,228
TOTAI	CASH AND CASH EQUIVALENTS	677,160	1,101,228

			Group	Group	Company	Company
			2021	2020	2021	2020
				E
Within	1	year	1,438	1,438	1,438	1,438
Between		2 and 6years	1,078	2,616	1,078	2,616
			2,616	3,964	2,616	3,964

		Group 2021	Group 2020	Company 2021	Company 2020
			E	E
Within 1	year	10,954	33,336	10,954	33,336
Between	2 and 6years	11,264	8,078	11,264	8,078
TOTAL	2021	22,218	41,414	22,218	41,414