This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2020-12-31-accounts
|
Page |
| Reference andadministrativedetailsoftheCompany,itsTrustees and advisers |
1 |
| Trustees' report |
2-8 |
| Independent examiner's report |
9 |
| Statementoffinancialactivities |
10 |
| Balance sheet |
11- 12 |
| Notestothefinancialstatements |
13 -31 |
| Trustees |
J Willis, Chair |
|
C Caverhill, Treasurer |
|
EPrince |
|
AWimberley, Vice Chair |
|
R Foxwell |
|
RSmall |
|
JLoft |
|
J Bates |
|
H Reddaway (resigned3March 2021) |
|
A Foxwell |
|
E Dooley |
|
EGavrilenko |
|
NBailey (appointed 3 December 2020) |
|
A Hastie (resigned 3 December 2020) |
| Company registered |
|
| number |
05133939 |
| Charity registered |
|
| number |
1105114 |
| Registered office |
GreenHill |
|
Fore Street |
|
Moretonhampstead |
|
Newton Abbot |
|
Devon |
|
TQ13 8LL |
| Key management |
G Lingard, Arts Officer |
| personnel |
PNottingham, Finance Officer (appointed1August 2020) |
|
CRooney,Coordinator |
|
CBeal,Finance Officer (resigned30June 2020) |
| Accountants |
Griffin |
|
Chartered Accountants |
|
165HighStreet |
|
Honiton |
|
EX141LQ |
| Bankers |
Lloyds TSB Okehampton |
|
Fore Street |
|
Okehampton |
|
Devon |
|
EX201HJ |
|
|
Restricted |
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2020 |
2020 |
2020 |
2019 |
|
Note |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
3 |
6,451 |
32,078 |
38,529 |
50,849 |
| Charitable activities |
4 |
32,587 |
66,531 |
99,118 |
83,132 |
| Other trading activities |
5 |
|
|
|
871 |
| Investments |
6 |
|
7 |
7 |
12 |
| Total income |
|
39,038 |
98,616 |
137,654 |
134,864 |
| Expenditure on: |
|
|
|
|
|
| Charitable actiVities |
|
43,787 |
94,960 |
138,747 |
160,653 |
| Total expenditure |
|
43,787 |
94,960 |
138,747 |
160,653 |
| Net (expenditure)/income |
|
(4,749) |
3,656 |
(1,093) |
(25,789) |
| Transfers between funds |
18 |
(23,024} |
23,024 |
|
|
| Net movement in funds |
|
(27,773} |
26,680 |
(1,093) |
(25,789) |
| Reconciliationoffunds: |
|
|
|
|
|
| Total funds brought forward |
|
44,400 |
63,583 |
107,983 |
133,772 |
| Net movementinfunds |
|
(27,773} |
26,680 |
(1,093} |
(25,789) |
| Total funds carried forward |
|
16,627 |
90,263 |
106,890 |
107,983 |
|
|
|
2020 |
|
2019 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
12 |
|
94,797 |
|
104,805 |
| Investments |
13 |
|
|
|
500 |
|
|
|
94,797 |
|
105,305 |
| Current assets |
|
|
|
|
|
| Debtors |
14 |
36,163 |
|
22,396 |
|
| Cash at bank andinhand |
|
83,594 |
|
72,051 |
|
|
|
119,757 |
|
94,447 |
|
Creditors: amounts falling due within one
year |
15 |
(58,069) |
|
(42,101) |
|
| Net current assets |
|
|
61,688 |
|
52,346 |
| Total assets less current liabilities |
|
|
156,485 |
|
157,651 |
Creditors: amounts falling due after more
than one year |
16 |
|
(49,595) |
|
(49,668) |
|
|
|
106,890 |
|
107,983 |
| Total net assets |
|
|
106,890 |
|
107,983 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
18 |
|
16,627 |
|
44,400 |
| Unrestricted funds |
18 |
|
90,263 |
|
63,583 |
| Total funds |
|
|
106,890 |
|
107,983 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£' |
| Donations |
1,682 |
5,889 |
7,571 |
| Legacies |
|
|
|
| Grants |
4,769 |
2,900 |
7,669 |
| Government grants |
|
23,289 |
23,289 |
|
6,451 |
32,078 |
38,529 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2019 |
2019 |
2019 |
|
£ |
£ |
£ |
| Donations |
7,742 |
9,965 |
17,707 |
| Legacies |
|
222 |
222 |
| Grants |
31,821 |
1,099 |
32,920 |
|
39,563 |
11,286 |
50,849 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Centre management |
2,773 |
53,799 |
56,572 |
| Community services |
8,928 |
1,794 |
10,722 |
| Arts and heritage |
20,886 |
10,938 |
31,824 |
| Total 2020 |
32,587 |
66,531 |
99,118 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2019 |
2019 |
|
|
£ |
£ |
|
Centre management |
57,744 |
57,744 |
|
Community services |
10,004 |
10,004 |
|
Arts and heritage |
15,384 |
15,384 |
|
Total 2019 |
83,132 |
83,132 |
| 5. |
Income from other trading activities |
|
|
|
Income from fund raising events |
|
|
|
|
|
Total |
|
|
|
funds |
|
|
|
2020 |
|
|
|
£ |
| Local fundraising and |
street collection income |
|
|
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2019 |
2019 |
|
|
£ |
£ |
| Local fundraising and |
street collection income |
871 |
871 |
| Unrestricted |
Total |
| funds |
funds |
| 2020 |
2020 |
| £ |
£ |
| 7 |
7 |
| Unrestricted |
Total |
| funds |
funds |
| 2019 |
2019 |
| £ |
£ |
| 12 |
12 |
| Grants to |
Total |
Total |
| Individuals |
funds |
funds |
| 2020 |
2020 |
2019 |
| £ |
£ |
£ |
| 702 |
702 |
|
|
Activities |
Grant |
|
|
|
undertaken |
funding of |
Support |
Total |
|
directly |
activities |
costs |
funds |
|
2020 |
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
£ |
| Centre management |
18,250 |
702 |
33,678 |
52,630 |
| Community services |
18,643 |
|
13,415 |
32,058 |
| Arts and heritage |
31,438 |
|
22,621 |
54,059 |
|
68,331 |
702 |
69,714 |
138,747 |
|
Activities |
|
|
|
undertaken |
Support |
Total |
|
directly |
costs |
funds |
|
2019 |
2019 |
2019 |
|
£ |
£ |
£ |
| Centre management |
20,361 |
41,834 |
62,195 |
| Community services |
21,842 |
14,771 |
36,613 |
| Arts and heritage |
36,825 |
25,020 |
61,845 |
|
79,028 |
81,625 |
160,653 |
|
Centre |
Community |
Arts and |
Total |
|
management |
services |
heritage |
funds |
|
2020 |
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
£ |
| Staff costs |
16,262 |
15,741 |
26,539 |
58,542 |
| Direct costs |
773 |
797 |
1,346 |
2,916 |
| Professional charges |
428 |
443 |
747 |
1,618 |
| Publicity and events costs |
673 |
1,543 |
2,606 |
4,822 |
| Training |
114 |
119 |
200 |
433 |
|
18,250 |
18,643 |
31,438 |
68,331 |
|
As restated |
|
|
As restated |
|
Centre |
Community |
Arts and |
Total |
|
management |
services |
heritage |
funds |
|
2019 |
2019 |
2019 |
2019 |
|
£ |
£ |
£ |
£ |
| Staff costs |
14,072 |
14,547 |
24,525 |
53,144 |
| Direct costs |
1,134 |
1,171 |
1,976 |
4,281 |
| Professional charges |
1,447 |
1,497 |
2,523 |
5,467 |
| Publicity and events costs |
3,328 |
4,234 |
7,138 |
14,700 |
| Training |
380 |
393 |
663 |
1,436 |
|
20,361 |
21,842 |
36,825 |
79,028 |
|
Centre |
Community |
Arts and |
Total |
|
management |
services |
heritage |
funds |
|
2020 |
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
£ |
| Depreciation |
2,963 |
3,063 |
5,164 |
11,190 |
| Finance costs |
282 |
947 |
1,597 |
2,826 |
| Miscellaneous costs |
695 |
1,438 |
2,422 |
4,555 |
| _Office_costs |
1,648 |
1,701 |
2,871 |
6,220 |
| Professional charges |
1,247 |
380 |
3,982 |
5,609 |
| Property costs |
25,043 |
5,886 |
6,585 |
37,514 |
| Governance costs |
1,800 |
|
|
1,800 |
|
33,678 |
13,415 |
22,621 |
69,714 |
|
Asrestated |
|
|
Asrestated |
|
Centre |
Community |
Artsand |
Total |
|
management |
services |
heritage |
funds |
|
2019 |
2019 |
2019 |
2019 |
|
£ |
£ |
£ |
£ |
| Depreciation |
4,620 |
4,777 |
8,053 |
17,450 |
| Finance costs |
779 |
806 |
1,358 |
2,943 |
| Miscellaneous costs |
974 |
1,004 |
1,693 |
3,671 |
| Office costs |
1,768 |
1,941 |
3,391 |
7,100 |
| Professional charges |
2,950 |
3,049 |
5,141 |
11,140 |
| Property costs |
28,943 |
3,194 |
5,384 |
37,521 |
| Governance costs |
1,800 |
|
|
1,800 |
|
41,834 |
14,771 |
25,020 |
81,625 |
| Independent examiner's remuneration |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Fees payabletothe Company's independent examiner for the independent |
|
|
| examination of the Company's annual accounts |
600 |
600 |
| Fees payabletothe Company's independent examinerinrespect of: |
|
|
| Allother services not included above |
1,200 |
1,200 |
|
2020 |
2019 |
|
£ |
£ |
| Wages and salaries |
57,939 |
52,630 |
| Contribution to defined contribution pension schemes |
603 |
514 |
|
58,542 |
53,144 |
|
2020 |
2019 |
|
No. |
No. |
| Employees |
5 |
5 |
|
Long-term |
|
|
|
leasehold |
Office |
|
|
property |
equipment |
Total |
|
£ |
£ |
£ |
| Costorvaluation |
|
|
|
| At 1 January 2020 |
576,691 |
67,122 |
643,813 |
| Additions |
|
1,182 |
1,182 |
| At31December 2020 |
576,691 |
68,304 |
644,995 |
| Depreciation |
|
|
|
| At 1 January 2020 |
480,072 |
58,936 |
539,008 |
| Charge for the year |
4,026 |
7,164 |
11,190 |
| At31December 2020 |
484,098 |
66,100 |
550,198 |
| Netbookvalue |
|
|
|
| At31December 2020 |
92,593 |
2,204 |
94,797 |
| At31December 2019 |
96,619 |
8,186 |
104,805 |
|
Investments |
|
in |
|
subsidiary |
|
companies |
|
£ |
| At 1 January 2020 |
500 |
| Disposals |
(500) |
| At31December 2020 |
|
| Net book value |
|
| At31December 2019 |
500 |
|
2020 |
2019 |
|
£ |
£ |
| Due within one year |
|
|
| Trade debtors |
|
2,535 |
| Other debtors |
36,163 |
19,523 |
| Prepayments and accrued income |
|
338 |
|
36,163 |
22,396 |
|
2020 |
2019 |
|
£ |
£ |
| Other loans |
5,580 |
5,581 |
| Trade creditors |
3,136 |
7,109 |
| Other taxationandsocial security |
358 |
507 |
| Other creditors |
1,685 |
2,018 |
| Accruals and deferred income |
47,310 |
26,886 |
|
58,069 |
42,101 |
|
2020 |
2019 |
|
£ |
£ |
| Other loans |
49,595 |
49,668 |
| Included within the above are amounts falling due as follows: |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Between one and two years |
|
|
| Other loans |
5,580 |
5,580 |
| Between two and five years |
|
|
| Other loans |
16,740 |
16,740 |
| Over five years |
|
|
| Other loans |
27,275 |
27,348 |
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
|
31 |
|
January |
|
|
Transfers |
December |
|
2020 |
Income |
Expenditure |
in/out |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
|
|
| Designatedfunds |
|
|
|
|
|
| Fixed asset depreciation |
16,338 |
|
(11,190) |
|
5,148 |
| Property maintenance |
6,210 |
|
|
|
6,210 |
| Contingency fund |
2,000 |
|
|
|
2,000 |
|
24,548 |
|
(11,190) |
|
13,358 |
| Generalfunds |
|
|
|
|
|
| Unrestricted |
39,035 |
98,616 |
(83,770) |
23,024 |
76,905 |
| Total Unrestrictedfunds |
63,583 |
98,616 |
(94,960) |
23,024 |
90,263 |
| Restrictedfunds |
|
|
|
|
|
| Flag Festival |
190 |
2,973 |
(658) |
|
2,505 |
| Wellmoor |
17,018 |
24,636 |
(33,561) |
|
8,093 |
| MBA |
1,926 |
135 |
(86} |
|
1,975 |
| Two Valleys Energy project |
10,589 |
|
|
(10,589) |
|
| Dartmoor Vision |
10,373 |
9,883 |
(7,821) |
(12,435) |
|
| Artraft |
4,197 |
161 |
(1,661) |
|
2,697 |
| George Bidder Memorial Fund |
107 |
1,250 |
|
|
1,357 |
|
44,400 |
39,038 |
(43,787) |
(23,024) |
16,627 |
| Totaloffunds |
107,983 |
137,654 |
(138,747) |
|
106,890 |
|
|
|
|
Balance at |
|
Balance at |
|
|
31 |
|
1 January |
|
|
December |
|
2019 |
Income |
Expenditure |
2019 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Designated funds |
|
|
|
|
| Fixed asset depreciation |
33,788 |
|
(17,450) |
16,338 |
| Property maintenance |
6,210 |
|
|
6,210 |
| Contingency fund |
2,000 |
|
|
2,000 |
|
41,998 |
|
(17,450) |
24,548 |
| General funds |
|
|
|
|
| Unrestricted |
60,847 |
95,301 |
(117, 113) |
39,035 |
| Total Unrestricted funds |
102,845 |
95,301 |
(134,563) |
63,583 |
| Restricted funds |
|
|
|
|
| Flag Festival |
140 |
50 |
|
190 |
| Wellmoor |
2,363 |
16,219 |
(1,564) |
17,018 |
| MBA |
1,926 |
|
|
1,926 |
| Two Valleys Energy project |
10,589 |
|
|
10,589 |
| Dartmoor Vision |
15,909 |
13,530 |
(19,066) |
10,373 |
| Artraft |
|
4,197 |
|
4,197 |
| George Bidder Memorial Fund |
|
5,567 |
(5,460) |
107 |
|
30,927 |
39,563 |
(26,090) |
44,400 |
| Total of funds |
133,772 |
134,864 |
(160,653) |
107,983 |
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
|
31 |
|
January |
|
|
Transfers |
December |
|
2020 |
Income |
Expenditure |
in/out |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Designated funds |
24,548 |
|
(11,190) |
|
13,358 |
| General funds |
39,035 |
98,616 |
(83,770) |
23,024 |
76,905 |
| Restricted funds |
44,400 |
39,038 |
(43,787) |
(23,024) |
16,627 |
|
107,983 |
137,654 |
(138,747) |
|
106,890 |
| Summary of funds- prior year |
|
|
|
|
|
|
|
|
_Balance_al |
|
_Balance_al |
|
|
31 |
|
1 January |
|
|
December |
|
2019 |
Income |
Expenditure |
2019 |
|
£ |
£ |
£ |
£ |
| Designated funds |
41,998 |
|
(17,450) |
24,548 |
| General funds |
60,847 |
95,301 |
(117,113) |
39,035 |
| Restricted funds |
30,927 |
39,563 |
(26,090) |
44,400 |
|
133,772 |
134,864 |
(160,653) |
107,983 |
| Analysis of net assets between funds-current |
period |
|
|
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Tangible fixed assets |
|
94,797 |
94,797 |
| Current assets |
16,627 |
103,130 |
119,757 |
| Creditors due within one year |
|
(58,069) |
(58,069) |
| Creditors dueinmore than one year |
|
{49,595) |
(49,595) |
| Total |
16,627 |
90,263 |
106,890 |
| Analysisofnet assets between funds•prior pe |
riod |
|
|
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2019 |
2019 |
2019 |
|
£ |
£ |
£ |
| Tangible fixed assets |
|
104,805 |
104,805 |
| Fixed asset investments |
|
500 |
500 |
| Current assets |
44,400 |
50,047 |
94,447 |
| Creditors due withinoneyear |
|
(42,101) |
(42,101) |
| Creditors dueinmore than one year |
|
(49,668) |
(49,668) |
|
44,400 |
63,583 |
107,983 |
|
2020 |
2019 |
|
£ |
£ |
| Not later than 1 year |
28,121 |
28,121 |
| Later than 1 year and not later than 5 years |
4 |
28,124 |
| Later than 5 years |
20 |
21 |
|
28,145 |
56,266 |
| 2020 |
2019 |
| £ |
£ |
| 28,121 |
25,087 |