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2021-10-31-accounts

Chairman’s Inaugural Report of Beer Village Heritage CIO - 2021

11/05/22

Throughout the entire period when COVID 19 was a concern the Fine Foundation centre remained closed. The Trust members and management were not particularly active as the centre is not staffed and visitor safety could not be guaranteed.

When indoor restrictions were lifted in May 2021 the centre was thoroughly cleaned and disinfected then opened to the visitors at their own risk. The tanks were not filled as in their current location they were judged to create a pinch point.

Many thanks to Norah Jaggers for her monthly emailed information and news which is also published in the Parish Magazine. It has contributed to maintaining the Trusts membership interest and future activity.

David Morling worked hard on completing much of the mapping the cemetery and this has been published on the local internet site. Congratulations to him for this achievement.

Thanks also for the support work undertaken by our regular volunteers Carol Green, Christine Jones, Bryan Groves and Liz Asbury

To better manage COVID and improve the centre plans were made to modify the entrance to create a circulation route and to replace the fish tanks which are challenging to fill and maintain. Several builders have looked at the project but none have provided a quote or been available to undertake the tasks to date. Elements of the minor work can be undertaken ourselves and some repairs have already been completed by Mike Green with help from Trevor Wood after the theft of fossils.

As COVID risks have reduced it was decided to re-open the centre from April 15th because the Fine Foundation Centre is still very popular with visitors and is regularly used by locals and their children. We will then aim to find a builder for the modifications after the summer season in 2022. A local electrical contractor has already undertaken the repair of the electrical supply cable and complete all safety checks.

After Trevor Wood resigned Eric Cozens took on the additional challenge of ‘temporary’ treasurer which he kindly continued to date However he is moving from the area and will not be renewing his membership s we will need to appoint a new treasurer. Eric has been a stalwart for the Trust and without him achievement of CIO status was unlikely. He will be greatly missed but we wish him every happiness in his new abode.

I should also record that whilst fully supporting formation of the CIO Sarah Acton resigned due to work commitments

There really is nothing else for me to report to members so apart from re-iterating that our currently significant funds will be committed to the refurbishment of the Fine Foundation Centre as soon as the opportunity presents.

Trustees of Beer Village Heritage during 2021

Nicholas Jones (Chairman) Eric Cozens (Treasurer) Henry Jaggers David Morling Mike Green Liz Asbury Adrian Mills Sarah Acton

Nick Jones Chairman BVH

Accounts for 1/11/20 to 31/10/2021

File : FullAccounts~31Oct21.xlxs

Prepared : 12/13/2021

Beer Village Heritage (CIO) Charity Number : 1087162

Notes 1] Beer Village Heritage is now a Charitable Incorporated Organisation, effective 13/5/21. 2] This is the 2nd year of the covid pandemic which has had significant effects on operations.

Contents

Page 1 Cover Page 2 Income & expenditure, profit & loss Page 3 Balance sheet Page 4 Depreciation schedule Page 5 Workings Page 6 Closing bank statement

Eric Cozens, Treasurer

BVH

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Page 2
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Beer Village Heritage to y/e 31/10/21

Income & Expenditure :

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INCOME (£) EXPENDITURE (£)
Other Donation Subtotal Other Cheque Subtotal Net-total
Date Ref No Credit ShelterBomb FoundatCentreFine ion Rock Pooling Books & Posters Talk or Walk Member-ship (cum) Debit Foundation CentreFine Web Site (cum) (cumulative(£) ) REMARK
1.11.20 0.00 0.00 20257.55 With BPC rent timeshifted
29.12.20 50.00 50.00 0.00 20307.55 cash transfer
8.3.21 5.00 5.00 0.00 20312.55
4.5.21 41.00 10.00 39.00 90.00 0.00 20402.55 table top sales, box, maps
27.5.21 6.00 6.00 0.00 20408.55 Subs
2.6.21 50.00 50.00 0.00 20458.55 Walk & Talk
24.6.21 8000.00 8000.00 0.00 28458.55 EDDC covid disturbance grant
25.6.21 2.00 14.00 65.00 37.00 118.00 0.00 28576.55
29.6.21 283 0.00 -2413.73 -2413.73 26162.82 Centre urgent external repairs
5.8.21 20.00 20.00 0.00 26182.82
120.00 120.00 0.00 26302.82
16.8.21 Transfer 0.00 -30.00 -30.00 26272.82 New lock for external display
18.8.21 57.00 57.00 0.00 26329.82
24.8.21 114.10 114.10 0.00 26443.92
27.8.21 284 0.00 -50.00 -50.00 26393.92 Axe Valley Pottery
8.9.21 500,193 43.00 43.00 0.00 26436.92
27.9.21 500,194 50.00 50.00 0.00 26486.92
13.10.21 Bacs & 195 30.00 30.00 -447.87 -447.87 26069.05 Zurich Insurance 21/22
Totals 8477.10 14.00 0.00 65.00 10.00 50.00 137.00 8753.10 -2941.60 0.00 0.00 -2941.60 26069.05
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Proft & Loss

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Total income 8,753.10
Total Expenditure -2,941.60
Profit 5,811.50
Bank Balance Opening 20,257.55
Closing 26,069.05
Profit 5,811.50
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Beer Village Heritage P3
Balance Sheet for year end 31st October 2021
FIXED ASSETS 2021 2020 Notes
Intangible asets
Tangible assets 16,250 19,500 See 'Workings' tab, W1 : BV Centre
Investments
Total Fixed assets 16,250 19,500
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand 26,070 20,258 See 'Workings' tab, W2 : closing BB
Investments
Total Current Assets 26,070 20,258
Creditors < 1 year
NET CURRENT ASSETS/(LIABILITIES) 42,320 39,758 BV Heritage Centre + closing BB
Creditors > 1 year
Provisions
TOTAL ASSETS/(LIABILITIES) 42,320 39,758
CAPITAL AND RESERVES
Called up share capital
Share premium
Revaluation reserve
Other reserves
Profit & loss account 42,320 39,758 See 'Workings' tab, W3
TOTAL SHAREHOLDER FUNDS 42,320 39,758
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P4

Fine Foundation Centre

(aka Beer Village Heritage Centre)

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Depreciation Schedule
31/10/: Age Capital Depreciation Book
(yrs) Annual Cum Value
2006 0 65,000 0 0 65,000
2007 1 65,000 3,250 3,250 61,750
2008 2 65,000 3,250 6,500 58,500
2009 3 65,000 3,250 9,750 55,250
2010 4 65,000 3,250 13,000 52,000
2011 5 65,000 3,250 16,250 48,750
2012 6 65,000 3,250 19,500 45,500
2013 7 65,000 3,250 22,750 42,250
2014 8 65,000 3,250 26,000 39,000
2015 9 65,000 3,250 29,250 35,750
2016 10 65,000 3,250 32,500 32,500
2017 11 65,000 3,250 35,750 29,250
2018 12 65,000 3,250 39,000 26,000
2019 13 65,000 3,250 42,250 22,750
2020 14 65,000 3,250 45,500 19,500
2021 15 65,000 3,250 48,750 16,250
2022 16 65,000 3,250 52,000 13,000
2023 17 65,000 3,250 55,250 9,750
2024 18 65,000 3,250 58,500 6,500
2025 19 65,000 3,250 61,750 3,250
2026 20 65,000 3,250 65,000 0
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WORKINGS TO BEER VILLAGE HERITAGE ACCOUNTS

Year end 31/10/2021

W1 Fixed assets

Notes

This is the Heritage Centre cost to build & prepare for service minus total depreciation to date. It assumes that the Heritage Centre will have a useful economic life of 20 years. This will attract depreciation costs of 5% per year.

Repairs to the Heritage Centre (i.e to restore it to its original state) are normal expenditure requiring no discrete means to account for them.

Any improvements/enhancements to the Centre are normal expenditure unless they add to the Centre's open market value - none such have occurred to date.

W2
**W3 **		 2021
2020
2019
2018
2017
2016
Cost at 1 November
65,000
65,000
65,000
65,000
65,000
65,000
Additions
0
0
0
0
0
0
Disposals
0
0
0
0
0
0
Cost at 31 October
65,000
65,000
65,000
65,000
65,000
65,000
Depreciation at 1 November (cum)
45,500
42,250
39,000
35,750
32,500
29,250
Charge for the year
3,250
3,250
3,250
3,250
3,250
3,250
Depreciation at 31 October
48,750
45,500
42,250
39,000
35,750
32,500
BOOK VALUE
16,250
19,500
22,750
26,000
29,250
32,500
Cash at bank and in hand
Notes
This is annual reconciliation of the bank balance prepared by Treasurer
Balance at 1 November
20,258
10,868
9,768
6,733
9,777
Total income for the year
8,753
11,917
2,576
4,321
6,979
Total expenditure for the year
-2,942
-2,527
-1,476
-1,286
-10,023
Balance at 31 October
26,069
20,258
10,868
9,768
6,733
9,777
Proft & Loss Account		 2021 2020 2019 2018 2017 2016
65,000
65,000
65,000
65,000
65,000
65,000
0
0
0
0
0
0
0
0
0
0
0
0
65,000
65,000
65,000
65,000
65,000
65,000
45,500
42,250
39,000
35,750
32,500
29,250
3,250
3,250
3,250
3,250
3,250
3,250
48,750
45,500
42,250
39,000
35,750
32,500
16,250
19,500
22,750
26,000
29,250
32,500
26,069
20,258
10,868
9,768
6,733
9,777
BV of fxed assets @ previous Y/E (31 Oct) 19,500
22,750
26,000
29,250
32,500
35,750
Add bank balance @ previous Y/E (31 Oct) 20,258
10,868
9,768
6,733
9,777
Closing balance @ previous Y/E (31 Oct)
Net income for account year
Balance @ Y/E, following 31 October		 39,758
33,618
35,768
35,983
42,277
5,812
9,390
-2,150
-215
-6,294
45,570
43,008
33,618
35,768
35,983

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