OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-07-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details
Trustees'
Report		 2to 7
Statement ofTrustees' Responsibilities
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet 10to 11
Notes to the Financial Statements 12to 31

Unrestricted Restricted Endowment Total Total
funds funds funds 2020 2019
Note
Income and Endowments from:
Donations
and legacies		 3 114,633 34,093 148,726 166,559
Other trading activities 4 7,394 7,394 16,567
Investment
income		 5 546 62,064 2,392 65,002 68,925
Total Income 122,573 96,157 2,392 221,122 252,051
Expenditure
on:
Raising funds 6 (7,435) (11,392) (558) (19,385) (35,368)
Charitable
activities		 7 (26,752) (288,593) — (315,345) (137,981)
Other expenditure 8 (71,146) (71,146) (70,769)
Total Expenditure (105,333) (299,985) (558) (405,876) (244,118)
Gains/losses
on investment
Net income/(expenditure)
Transfers between
funds
assets		 17,240
(24,031)		 (305,819)
24,031
(101,991)		 (210)
(2,044)		 (288,789)
(104,035)		 86,663
78,730
Net movement
in funds		 (6,791) (281,788) (210) (288,789) 86,663
Reconciliation offunds
Total funds brought
forward 92,964 2,257,180 109,737 2,459,881 2,373,218
Total funds carried
forward 18 86,173 1,975,392 109,527 2,171,092 2,459,881

BALANCE SHEET AS AT 31JULY 2020
2020 2019
Note
Fixed assets
Tangible assets 83
Investments 14 2,020,492 2,299,127
2,020,492 2,299,210
Current assets
Stocks 15 1,020 1,150
Debtors 16 13,159 17,129
Cash at bank and in hand 143,549 238,555
157,728 256,834
Creditors: Amounts falling due within one year 17 (7,128) (96,163)
Net current assets 150,600 160,671
+ Vl Net assets 2,171,092 2,459,881
2
LU
)		 Q/ Z
pi
tB»
0		 Funds ofthe
Endowment		 charity:
funds		 109,527 109,737
Qtr)~
Ri		 Restricted income funds
Restricted
funds
Unrestricted
income funds		 18 1,975,392 2,257,180
Unrestricted funds 86,173 92,964
Total funds 2,171,092 2,459,881

Unrestricted
funds
Restricted Total Total
General funds 2020 2019
Donations and legacies;
Donations
from		 individuals 7,800 27,093 34,893 41,953
Legacies 424 7,000 7,424 22,080
Gift aid reclaimed 6,905 6,905 6,798
Grants, including capital grants;
Grants from other charities 30,000 30,000 25,000
Donated services and facilities 69,504 69,504 70,728
114,633 34,093 148,726 166,559

4 INCOME FRO M OTHER TRADING A CTIVITIES
Unrestricted
funds
Total Total
General 2020 2019
Trading income;
Sales ofgoods and services 287 287 25
Events income;
Other events income 5,607 5,607 16,542
Sponsorship
income		 l,500 1,500
7,394 7,394 16,567
5 INVESTMENT INCOME
Unrestricted Endowment
2
LU
)		 +
Vl
cr z
pi
tll »
0		 funds
General		 Restricted
funds		 funds
Permanent		 Total
2020		 Total
2019
Interest receivable and similar
Gart income;
Ri Interest receivable
deposus		 on battk 546 546 1,264
Other income from fixed asset
investments 62,064 2,392 64,456 67,661
546 62,064 2,392 65,002 68,925

A) C OSTS OF G ENERATING DONAT IONS
AND		 LEGACIES
Unrestricted
funds
Total Total
General 2020 2019
Other direct costs ofgenerating voluntary income 7,435 7,435 23,168

Endowment
funds
Restricted Total Total
funds Permanent 2020 2019
Other investment management costs;
Administration ofthe investments 11,392 558 11,950 12,200
11,392 558 11,950 12,200

7 EXPE N DITURE ON CHA RITABLE ACTIVITIES
Unrestricted
funds
Restricted Total Total
General funds 2020 2019
+ Vl Note
2
LU
)		 Q/ Z
pi
tfl »
0		 Grant funding ofactivities
Allocated
support costs
Governance
costs		 4,531
16,201
6,020		 288,512
81		 293,043
16,282
6,020		 107,082
23,879
7,020
26,752 288,593 315,345 137,981
Gnarl~
Ri

Unrestricted
funds
Total Total
General 2020 2019
Staff costs
Wages and salaries 62,477 62,477 62,842
Social security 5,687 5,687 5,749
Pension costs 2,839 2,839 2,137
Depreciation, amortisation and other similar costs 83 83 41
Other resources expended 60 60
71,146 71,146 70,769

Unrestricted
funds
Total Total
General 2020 2019
Independent examiner fees
Examination ofthe financial statements 6,020 6,020 7,020
6,020 6,020 7,020

Analysis ofgrants
Grants to institutions Grants to individuals
2020 2019 2020 2019
Analysis
Bursaries for individuals 89,182 89,607
Additional funding
for		 bursary recipients 5,359 7,078
Bursaries for individuals advanced 154,325
Equipment for West Buckland School 4,531 10,397
West Buckland School emergency fund 39,646
44,177 10,397 248,866 96,685
11NET INCOMING/OUTGOING RESOURCES
Net (outgoing)/incoming
Depreciationoffixeda		 resources
ssets		 for the year include: 2020 83 2019
41

14FIXEDASSET INVESTMENTS 14FIXEDASSET INVESTMENTS 14FIXEDASSET INVESTMENTS
Listed
investments Total
Market value
At l August 20l9 2,299,127 2,299,l27
Revaluation (104,035) (104,035)
Income and transfers in 79,429 79,429
Management
charges		 and transfers out (254,029) (254,029)
At 31July 2020 2,020,492 2,020,492
Net hook value
At 3l July 2020
At 31July 2019		 2,020,492
2,299,127		 2,020,492
2,299,127

15STOCK
2020 2019
Stocks
1,020 1,150
16DEBTORS
2020 2019
Trade debtors 11,213 12,557
P repayments l,946 l,492
Other debtors 3,080
13,159 17,129

17CREDITORS: AMOUNTS FALLING D UE WITHIN ONE YEAR
2020 2019
Trade creditors 873
Other creditors 90,000
Accruats 6,255 6,163
7,128 96,163

total return was 11October 2014.In the year
added to the original gift component to satisfy		 total return was 11October 2014.In the year
added to the original gift component to satisfy		 ended 31July 20
this requirement.		 20 an additional
 X1,313has b
The
investment
fund
and
application
of
total
return
to
permanent
endowment
funds:		 Endowment Unapplied
total return		 Total
Opening
value ofendowment
Gift
component
of permanent
endowment
plus inflation as at 1August 2019		 81,031 81,031
Unapplied
total return		 28,706 28,706
Total:
Movement
in
unapplied
total
return
endowment
in the year:		 and 81,031 28,706 109,737
Investment
return:
dividends
and interest
Investment
return:
recognised
unrecognised
gains/(losses)		 and 2,392
(2,044)		 2,392
(2,044)
Investment
management
costs		 (558) (558)
Total: (210) (210)
Unapplied
total return allocated to income
Unapplied
total
return
allocated
to
component
for inflation		 gift 1,313 (1,313)
Net movement
in the reporting
period		 1,313 (1,313)
Closing value ofpermanent
endowment
Gift
component
of permanent
endowment
carried forward		 82,344 82,344
Unapplied
total return		 27,183 27,183
Total 82,344 27,183 109,527

19ANALYSIS OFNET ASSETS BETWEEN FUNDS
Unrestricted Endowment
funds funds
Restricted Total
General funds Permanent funds
Fixed asset investments 1,910,965 109,527 2,020,492
Current assets 93,301 64,427 157,728
Current liabilities (7,128) (7,128)
Total net assets 86,173 1,975,392 109,527 2,171,092
Unrestricted Endowment
funds funds
Total
funds at
Restricted 31July
General funds Permanent 2019
+ Vl
Q/
tt.'g
LU ttl
)		 Z
i
»
0		 Tangible fixed assets
Fixed asset investments
Current assets		 83
99,044		 2,189,390
157,790		 109,737 83
2,299,127
256,834
QM~ Current liabilities (6,163) (90,000) (96,163)
dZ0 Total net assets 92,964 2,257,180 109,737 2,459,881
20ANALYSIS OFNET FUNDS
At 1 August At 31July
2019
Cash flow		 2020
Cash at bank and in hand 238,555 (95,006) 143,549
Net funds 238,555 (95,006) 143,549

W
O		 '0
g		 O
W		 cn 00
cnl0
Ch		 00
cnl0
Ch		 00
~		 W
I		 00 O O
Cn
N		 Cl
O
Cl Ch
Fa
eh
IPi
00		 l
ICI		 O
III		 0I O 00
~-cn		 O
O ~ Ch
O Q '0 O eh 00 IVI Ch
00
l		 ICI
00 00 ICI
p0 ICI ICI
COR
.9W
O		 cu: O
CI		 00
0I		 W
~		 O
l0		 0I
W
ICI		 ~
m
00
O		 00
l		 ~ C»
I0 O l0
00		 w
Ch
~ Cll
cnO		 Yl
A		 6
IC O
n0l		 O O
00 ICI
CI
O
III		 0, CI
CIO		 O Pq O
l		 l
O
Cl
00		 W Pp 4 O
ICI
O
CI
~90 0 l
Cll
l		 O Ch lh ICI
~		 00 0 Ill
~.		 ICI 00
tf		 O
O l00 O
ICI
CQ CI
0 0
Hg
I0
II»
O
g		 g CI
I0
ll		 CP
I0
+		 0
UJ
O
Ca		 I0
III
I0		 CIO
ID		 O
dJ		 CI g
0
'I0
I0		 0
0
0
0
M		 g g II0
I0
ll