## ## ## ||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| ||**N**Bailey (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_|