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2021-12-31-accounts
|
Page |
| ReferenceandadministrativedetailsoftheCompany,itsTrusteesandadvisers |
1 |
| Trustees'report |
2-8 |
| Independentexaminer'sreport |
9 |
| Statementoffinancialactivities |
10 |
| Balancesheet |
11- 12 |
| Notestothefinancialstatements |
13 -31 |
| Trustees |
J Willis, Chair |
|
C Caverhill, Vice Chair |
|
E Prince, Treasurer |
|
A Wimberley |
|
R Foxwell |
|
RSmall |
|
J Loft (resigned21October 2021) |
|
J Bates |
|
H Reddaway (resigned 3 March 2021) |
|
A Foxwell |
|
E Dooley |
|
E Gavrilenko |
|
N Bailey |
|
P Turner (appointed21October 2021) |
| Company registered |
|
| number |
05133939 |
| Charity registered |
|
| number |
1105114 |
| Registered office |
Green Hill |
|
Fore Street |
|
Moretonhampstead |
|
Newton Abbot |
|
Devon |
|
TQ13 8LL |
| Key management |
G Lingard, Arts Officer |
| personnel |
P Nottingham, Finance Officer |
|
C Rooney, Coordinator |
| Accountants |
Griffin |
|
Chartered Accountants |
|
165 High Street |
|
Honiton |
|
EX141LQ |
| Bankers |
Lloyds TSB Okehampton |
|
Fore Street |
|
Okehampton |
|
Devon |
|
EX20 1HJ |
|
|
Restricted |
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2020 |
|
Note |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
3 |
34,501 |
28,095 |
62,596 |
38,529 |
| Charitable activities |
4 |
71,537 |
74,822 |
146,359 |
99,118 |
| Investments |
5 |
|
2 |
2 |
7 |
| Total income |
|
106,038 |
102,919 |
208,957 |
137,654 |
| Expenditure on: |
|
|
|
|
|
| Charitable activities |
|
47,023 |
125,211 |
172,234 |
138,747 |
| Total expenditure |
|
47,023 |
125,211 |
172,234 |
138,747 |
| Net movementinfunds |
|
59,015 |
(22,292) |
36,723 |
(1,093) |
| Reconciliationoffunds: |
|
|
|
|
|
| Total fundsbroughtforward |
|
16,627 |
90,263 |
106,890 |
107,983 |
| Net movement in funds |
|
59,015 |
(22,292) |
36,723 |
(1,093) |
| Total funds carried forward |
|
75,642 |
67,971 |
143,613 |
106,890 |
|
|
|
2021 |
|
2020 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
11 |
|
90,554 |
|
94,797 |
|
|
|
90,554 |
|
94,797 |
| Current assets |
|
|
|
|
|
| Debtors |
12 |
26,901 |
|
36,163 |
|
| Cash at bank andinhand |
|
126,017 |
|
83,594 |
|
|
|
152,918 |
|
119,757 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
13 |
(53,177) |
|
(58,069) |
|
| Net current assets |
|
|
99,741 |
|
61,688 |
| Total assets less current liabilities |
|
|
190,295 |
|
156,485 |
Creditors: amounts falling due after more
fuanone year |
14 |
|
(46,682) |
|
(49,595) |
|
|
|
143,613 |
|
106,890 |
| Total net assets |
|
|
143,613 |
|
106,890 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
15 |
|
75,642 |
|
16,627 |
| Unrestricted funds |
15 |
|
67,971 |
|
90,263 |
| Total funds |
|
|
143,613 |
|
106,890 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Donations |
19,101 |
3,286 |
22,387 |
| Grants |
15,400 |
|
15,400 |
| Government grants |
|
24,809 |
24,809 |
|
34,501 |
28,095 |
62,596 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Donations |
1,682 |
5,889 |
7,571 |
| 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 |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Centre management |
59 |
61,619 |
61,678 |
| Community services |
66,686 |
180 |
66,866 |
| Arts and heritage |
4,792 |
13,023 |
17,815 |
| Total 2021 |
71,537 |
74,822 |
146,359 |
|
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 |
| 2021 |
2021 |
| £ |
£ |
| 2 |
2 |
| Unrestricted |
Total |
| funds |
funds |
| 2020 |
2020 |
| £ |
£ |
| 7 |
7 |
| Grants to |
Total |
| Individuals |
funds |
| 2021 |
2021 |
| £ |
£ |
| Grants to |
_Total _ |
| Individuals |
funds |
| 2020 |
2020 |
| £ |
£ |
| 702 |
702 |
|
Activities |
|
|
|
undertaken |
Support |
Total |
|
directly |
costs |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Centre management |
58,145 |
67,823 |
125,968 |
| Community services |
12,958 |
10,175 |
23,133 |
| Arts and heritage |
12,958 |
10,175 |
23,133 |
|
84,061 |
88,173 |
172,234 |
|
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 |
|
Centre |
Community |
Arts and |
Total |
|
management |
services |
heritage |
funds |
|
2021 |
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
| Staff costs |
38,357 |
8,692 |
8,692 |
55,741 |
| Direct costs |
10,406 |
2,261 |
2,261 |
14,928 |
| Professional charges |
6,903 |
1,479 |
1,479 |
9,861 |
| Publicity and events costs |
1,807 |
381 |
381 |
2,569 |
| Training |
672 |
145 |
145 |
962 |
|
58,145 |
12,958 |
12,958 |
84,061 |
|
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 |
|
Centre |
Community |
Arts and |
Total |
|
management |
services |
heritage |
funds |
|
2021 |
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
| Depreciation |
3,364 |
714 |
714 |
4,792 |
| Finance costs |
2,520 |
540 |
540 |
3,600 |
| Miscellaneous costs |
692 |
148 |
148 |
988 |
| Office costs |
5,213 |
1,119 |
1,119 |
7,451 |
| Professional charges |
2,994 |
241 |
641 |
3,876 |
| Property costs |
51,150 |
7,413 |
7,013 |
65,576 |
| Governance costs |
1,890 |
|
|
1,890 |
|
67,823 |
10,175 |
10,175 |
88,173 |
|
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 |
| Independent examiner's remuneration |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Fees payable to the Company's independent examiner for the independent |
|
|
| examinationofthe Company's annual accounts |
630 |
600 |
| Fees payable to the Company's independent examiner in respectof: |
|
|
| All other services not included above |
1,260 |
1,200 |
|
2021 |
2020 |
|
£ |
£ |
| Wagesand salaries |
53,261 |
57,939 |
| Contribution to defined contribution pension schemes |
2,480 |
603 |
|
55,741 |
58,542 |
|
2021 |
2020 |
|
No. |
No. |
| Employees |
8 |
5 |
|
Long-term |
|
|
|
leasehold |
Office |
|
|
property |
equipment |
Total |
|
£ |
£ |
£ |
| Cost or valuation |
|
|
|
| At 1 January 2021 |
576,691 |
68,304 |
644,995 |
| Additions |
|
550 |
550 |
| At31December2021 |
576,691 |
68,854 |
645,545 |
| Depreciation |
|
|
|
| At 1 January2021 |
484,098 |
66,100 |
550,198 |
| Charge for the year |
4,026 |
767 |
4,793 |
| At 31 December 2021 |
488,124 |
66,867 |
554,991 |
| Net book value |
|
|
|
| At31 December2021 |
88,567 |
1,987 |
90,554 |
| At31December2020 |
92,593 |
2,204 |
_94,797 _ |
| Debtors |
|
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
| Due within one year |
|
|
|
| Trade debtors |
|
2,582 |
|
| Other debtors |
|
1,219 |
36,163 |
| Prepayments and accruedincome |
|
23,100 |
|
|
|
26,901 |
36,163 |
|
2021 |
2020 |
|
£ |
£ |
| Other loans |
5,580 |
5,580 |
| Trade creditors |
3,386 |
3,136 |
| Other taxation and social security |
|
358 |
| Other creditors |
4,455 |
1,685 |
| Accruals and deferred income |
39,756 |
47,310 |
|
53,177 |
58,069 |
|
2021 |
2020 |
|
£ |
£ |
| Other loans |
46,682 |
49,595 |
| Included within the above are amounts fallingdueas follows: |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Between one andtwoyears |
|
|
| Other loans |
5,580 |
5,580 |
| Between two and five years |
|
|
| Other loans |
16,740 |
16,740 |
| Over five years |
|
|
| Other loans |
24,362 |
27,275 |
| Statementoffunds- currentyear |
|
|
|
|
|
|
|
|
Balanceat |
|
Balanceat1 |
|
|
31 |
|
January |
|
|
December |
|
2021 |
Income |
Expenditure |
2021 |
|
£ |
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
|
| Designatedfunds |
|
|
|
|
| Fixed asset depreciation |
5,148 |
|
(4,792) |
356 |
| Property maintenance |
6,210 |
|
|
6,210 |
| Contingency fund |
2,000 |
|
|
2,000 |
|
13,358 |
|
(4,792) |
8,566 |
| Generalfunds |
|
|
|
|
| Unrestricted |
76,905 |
102,919 |
(120,419) |
59,405 |
| Total Unrestrictedfunds |
90,263 |
102,919 |
(125,211) |
67,971 |
| Restricted funds |
|
|
|
|
| Flag Festival |
2,506 |
409 |
(2,253) |
662 |
| Wellmoor |
8,093 |
21,824 |
(19,286) |
10,631 |
| MBA |
1,975 |
115 |
|
2,090 |
| Arts for Wellbeing |
|
9,950 |
(1,865) |
8,085 |
| North Devon PCN Advisory |
|
711 |
(541) |
170 |
| Artraft |
2,697 |
1,203 |
(1,203) |
2,697 |
| George Bidder Memorial Fund |
1,356 |
8,434 |
(8,174) |
1,616 |
| CORE/MDT |
|
12,097 |
(5,081) |
7,016 |
| Arts General |
|
4,000 |
(4,000) |
|
| Arts Appeal |
|
10,300 |
|
10,300 |
| Digital Champions |
|
600 |
(600) |
|
| Movemoor |
|
3,000 |
(1,430) |
1,570 |
| Bumps and Beyond |
|
3,145 |
(647) |
2,498 |
| Nottingham Trent |
|
6,500 |
(754) |
5,746 |
| Chagford Wellbeing |
|
650 |
(425) |
225 |
| Digital Inclusion Project |
|
23,100 |
(764) |
22,336 |
|
16,627 |
106,038 |
(47,023) |
75,642 |
| Totaloffunds |
106,890 |
208,957 |
(172,234) |
143,613 |
|
|
|
|
|
Balanceat |
|
Balance at |
|
|
|
31 |
|
1 January |
|
|
Transfers |
December |
|
2020 |
Income |
Expenditure |
in/out |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| Designated funds |
|
|
|
|
|
| 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 |
| General funds |
|
|
|
|
|
| Unrestricted |
39,035 |
98,616 |
(83,770) |
23,024 |
76,905 |
| Total Unrestricted funds |
63,583 |
98,616 |
(94,960) |
23,024 |
90,263 |
| Restricted funds |
|
|
|
|
|
| Flag Festival |
190 |
2,973 |
(658) |
|
2,505 |
| Wellmoor |
17,018 |
24,636 |
(33,561) |
|
8,093 |
| MBA |
1,926 |
135 |
(86) |
|
1,975 |
| Arts for Wellbeing |
10,589 |
|
|
{10,589) |
|
| North Devon PCN Advisory |
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 |
|
|
|
|
Balanceat |
|
Balance at 1 |
|
|
31 |
|
January |
|
|
December |
|
2021 |
Income |
Expenditure |
2021 |
|
£ |
£ |
£ |
£ |
| Designated funds |
13,358 |
|
(4,792) |
8,566 |
| Generalfunds |
76,905 |
102,919 |
(120,419) |
59,405 |
| Restricted funds |
16,627 |
106,038 |
(47,023) |
75,642 |
|
106,890 |
208,957 |
(172,234) |
143,613 |
|
|
|
|
|
Balance at |
|
Balanceat |
|
|
|
31 |
|
1 January |
|
|
Transfers |
December |
|
2020 |
Income |
Expenditure |
in/out |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Designated funds |
24,548 |
|
(11,1 90) |
|
13,358 |
| General funds |
39,035 |
98,616 |
(83,770) |
23,024 |
76,905 |
| Restrictedfunds |
44,400 |
39,038 |
(43, 787) |
(23,024) |
16,627 |
|
107,983 |
137,654 |
(138,747) |
|
106,890 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Tangiblefixed assets |
|
90,554 |
90,554 |
| Current assets |
75,642 |
77,276 |
152,918 |
| Creditors due within one year |
|
(53,177) |
(53,177) |
| Creditors dueinmore than one year |
|
(46,682) |
(46,682) |
| Total |
75,642 |
67,971 |
143,613 |
|
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) |
| Ttl |
16,627 |
90,263 |
106,890 |
non-cancellable operating leases as follows: |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Not later than 1 year |
1 |
28,121 |
| Later than 1 year and not later than 5 years |
4 |
4 |
| Later than 5 years |
19 |
20 |
|
24 |
28,145 |
| 2021 |
2020 |
| £ |
£ |
| 28,121 |
28,121 |