2021-12-31-accounts - Heathercombe Brake Trust

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 12
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	14to 19
Statement of Financial	Activities	20 to 21
Balance Sheet		22
Statement of Cash Flows		23
Notes to the Financial	Statements	24 to 37

						Total
			Note	Unrestrictedf	Restricted	2021
Income and Endowments		from:
Donations and legacies				85,530		65,530
Charitable activities				464,518	50	464,568
Other trading activities				1,026		1,026
Investment income				17		17
Tota I Income				551,091	50	551,141
Expenditure on: Charitable activities Total Expenditure Net expenditure			6	~(758,885 (758,885) ~(207,794	(526) ~526) ~476)	(759,411) (759.411) ~208,270)
Net movement in funds				(207,794)	(476)	(208,270)
Reconciliation of	funds
Total funds brought	forward			1,435,569	7,125	1,442,694
Total funds carried	forward		19	1,227,775	6,649	1,234,424
				Unrestricted	Restricted	Total
			Note	funds	fundsf	2020f
Income and Endowments		from:
Donations and legacies				221,015		221,015
Charitable activities				196,093	70	196,163
Other trading activities				1,026		1,026
Investment income				213		213
Total income				418,347	70	418,417
Expenditure on;
Charitable activities				(833,336)		833,336)
Total expenditure				(833,336		(833,336)
Net (expenditure)/income				~(414,989	70	(414,919
Net movement in funds				(414,989)	70	(414,919)
Reconciliation offunds
Total funds brought	forward			1,850,558	7,055	1,857,613
Total funds carried	forward		19	1,435,569	7,125	1,442,694

Balance She	et	as	at 31 December 2021
					2021	2020
				Note
Fixed assets
Tangible assets				13	1,269,915	1,528,416
Current assets
Stocks				14	12,881	9,560
Debtors				15	38,370	21,955
Cash at bank and	in hand				208,651	125,106
					259,902	156,621
Creditors: Amounts		falling due within one year		16	(99,134)	(102,343)
Net current assets					160,768	54,278
Total assets less	current		liabilities		1,430,683	1,582,694
Creditors: Amounts		falling due after more than one year			(196,259)	(140,000)
Net assets					1,234,424	1,442,694
Funds ofthe charity:
Restricted income funds
Restricted Funds					6,649	7,125
Unrestricted income		funds
Designated Funds					1,385,538	1,533,133
General Funds					(157,763)	(97,564)
Total unrestricted	funds				1,227,775	1,435,569
Total funds				1g	1,234,424	1,442,694

			Note	Note	2021f	2020f
Cash flows from operating	activities
Net expenditure					(208,270)	(414,919)
Adjustments to cash flows	from non-cash	items
Depreciation					159,872	86,899
Impairment charges					100,306
Investment income					(17)	(213)
					51,891	(328,233)
Working capital adjustments
Increase in stocks Increase in debtors			14 15		(3,321) (16,415)	(1,337) (14,085)
(Decrease)/increase in creditors			16		(113,208)	103,141
Increase/(decrease) in deferred income			17		76,658	(118,592)
Net cash flows from operating	activities				(4,395)	(359,106)
Cash flows from investing activities
Interest receivable and similar income Purchase oftangible fixed assets			5 13		17 213 (1,677) ~16,156)
Net cash flows from investing	activities				(1,660)	(17,937)
Cash flows from financing activities
Value of new loans obtained during the period					100,000	150,000
Repayment of capital element	offinance leases and HP
contracts					(10,400)	(5,094)
Net cash flows from financing	activities				89,600	144,906
Net increase/(decrease) in cash and cash equivalents					83,545	(232,137)
Cash and cash equivalents at	1 January				125,106	357,243
Cash and cash equivalents at	31 December				208,651	125,106
All ofthe cash flows are derived from continuing		operations	during	the	above two periods.

estimated residual valu	e, over their	ex	pected useful eco	nomic life as follows:	nomic life as follows:
Asset class				Depreciation		method	and rate
Freehold property and	major structural		alterations	2% straight	line
Building works included	in freehold	property		10%straight		line
Plant and machinery				20% straight		line
Motor vehicles				25% reducing		balance
Fixtures and fittings				25% straight		line

				Unrestricted
				general
				funds	Total funds
				E	K
Grants, including		capital grants;
Coronavirus	Job Retention		Scheme	74,930	74,930
Total for 2021				74,930	74,930
Total for 2020				221,015	221,015

				Unrestricted
				general	Restricted	Total	Total
				funds	funds	2021	2020
Income	from	charitable	activities
				464,518	50	464,568	196,163

4	Inco	me fro	m other trading activiti	es
				Unrestricted
				general	Total	Total
				funds	2021	2020
Property		rental	income	1,026	1,026	1,026
				1,026	1,026	1,026
5	Investment		income

5 Investment in	co	me
			Unrestricted
			general	Total	Total
			funds	2021	2020
Interest receivable	and similar income;
Interest receivable		on bank deposits	17	17	213

				Activity	Activity
				undertaken	sUpport
				directly	costs	2021	2020
							F
Provisions,	Housekeeping		and
activity				30,835		30,835	27,908
Catering and hospitality
temporary	staff costs			4,847		4,847	4,147
Miscellaneous staff costs					158	158	563
Stationery	and advertising				1,222	1,222	2,852
Telephone					13,084	13,084	12,770
Motor and	travel				2,998	2,998	4,494
Repairs, renewals		and
replacements					58,527	58,527	29,166
Bank charges and		loan interest			1,368	1,368	296
Rates					5,568	5,568	28,562
Insurance					17,409	17,409	20,606
Heat and light					44,305	44,305	36,957
Interest on	hire purchase
contracts							1,058
Wages and	salaries				300,279	300,279	537,762
Staff training					936	936	7,800
Pension cost					8,696	8,696	12,968
Depreciation					159,872	159,872	86,899
Impairment	charges				100,306	100,306
Governance	costs				9,001	9,001	18,528
				35,682	723,729	759,411	833,336

Governance costs
		Unrestricted	Total	Total
		fundsf	2021f	2020f
Audit fees
Audit ofthe financial	statemenls	5,250	5,250	10,380
Other fees paid to auditors Legal fees		2,880 871	2,880 871	7,774 374
		9,001	9,001	18,528

8 Net inco	ming resources	ming resources
Net outgoing	resources for the year include:
			2021f	2020f
Audit fees			5,250	10,380
Other non-audit		services	2,880	7,774
Depreciation	of	fixed assets	159,872	86,899
Impairment	charges		100,306

The aggrega	te payroll costs were as follows:
		2021	2020
Staff costs	during the year were:
Wages and	salaries	283,982	477,843
Social security costs		16,297	34,039
Pension costs		8,696	12,968
Redundancy	costs		25,880
		308,975	550,730

11Auditors' remuneration
	2021	2020
Audit ofthe financial statements	5,250	10,380
Other fees to auditors
All other non-audit services	2,880	7,774

13Tangible fixed	assets	assets
	Land and		Furniture and		Motor	Plant and
	buildings	f	equipment	f	vehicles f	machinery	f	Totalf
Cost
At 1 January
2021	1,922,503		196,632		21,334	324,433		2,464,902
Additions						1,677		1,677
At 31 December
2021	1,922,503		196,632		21,334	326,110		2,466,579
Depreciation
At 'I January
2021	651,350		140,197		11,730	133,209		936,486
Impairment
charges	100,306							100,306
Charge for the
year	127,079		19,390		2,176	11,227		159,872
At 31 December
2021	878,735		159,587		13,906	144,436		1,196,664
Net book value
At 31 December
2021	1,043,768		37,045		7,428	181,674		1,269,915
At 31 December
2020	1,271,153		56,435		9,604	191,224		1,528,416

14Stock
			2021f	2020
Consumables	and goods for resale		12,881	9,560
15Debtors
			2021f	2020f
Trade debtors			26,870	1,156
Other debtors			11,500	20,797
			38,370	21,955
16Creditors:	amounts	falling due within one year
			2021	2020f
Bank loans			43,341	10,000
Trade creditors			121	2,016
Other taxation	and social security		2,651	3,621
Other creditors			1,849	3,908
Accruals and deferred		income	51,172	62,798
			99,134	102,343
17Creditors:	amounts	falling due after one year
			2021f	2020
Bank loans			196,259	140,000

19Funds
									Balance at
				Balance at					31
				1 January		Incoming	Resources		December
				2021		resourcesf	expended f	Transfers f	2021f
Unrestricted	funds
General
Free reserves				(97,564)		540,491	(498,707)	(1,677)	(57,457)
Designated
Fixed asset	reserve			1,528,416			(260,178)	1,677	1,269,915
Quanlick fund				4,717		10,600			15,317
				1,533,133		10,600	(260,178)	1,677	1,285,232
Total unrestricted			funds	1,435,569	'	551,091	(758,885)		1,227,775
Restricted funds
Camp Courageous				4,106			(526)		3,580
Wheelchair	fund			3,019		50			3,069
Total restricted		funds		7,125		50	(526)		6,649
Total funds				1,442,694		551,141	(759,411)		1,234,424

Notes to 2021	th	e F	inancia	l Statement	s for the	Year Ended	31 Decem	ber
								Balance at
				Balance at				31
				1January	Incoming	Resources		December
				2020	resources	expended	Transfers	2020
					F
Unrestricted	funds
General
Free reserves				248,676	418,347	(746,437)	(18,150)	(97,564)
Designated
Fixed asset	reserve			1,597,165		(86,899)	18,150	1,528,416
Quantick fund				4,717				4,717
				1,601,882		(86,899)	18,150	1,533,133
Total unrestricted			funds	1,850,558	418,347	(833,336)		1,435,569
Restricted
Camp Courageous				4,106				4,106
Wheelchair	fund			2,949	70			3,019
Total restricted		funds		7,055	70			7,125
Total funds				1,857,613	418,417	(833,336)		1,442,694

20 Anal	ysis ofnet assets	between funds
			Unrestricted
		Unrestricted	designated	Restricted
		general fundsf	funds F	funds	Total funds
Tangible	fixed assets		1,269,915		1,269,915
Current assets		237,936	15,317	6,649	259,902
Current	liabilities	(95,793)			(95,793)
Creditors	over 1 year	(199,600)			(199,600)
Total net	assets	(57,457)	1,285,232	6,649	1,234,424

21 Analysis of net debt
			At 31
	At 1 January 2021 F	Financing cash flows	December 2021f
Cash at bank and in hand Debt due within one year Debt due after more than one year Loan repayments	125,106 (10,000) (140,000)	83,545 (30,000) (59,600) (10,400)	208,651 (40,000) (199,600) (10,400)
Net debt	(24,894)	(16,455)	(41,349)