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||Page|
|---|---|
|ReferenceandadministrativedetailsoftheCompany,itsTrusteesandadvisers|1|
|Trustees'report|2-8|
|Independentexaminer'sreport|9|
|Statementoffinancialactivities|10|
|Balancesheet|11- 12|
|Notestothefinancialstatements|13 -31|
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|**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|
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|||**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_|
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||||**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_|
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||**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_|
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||**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**|
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||_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_|
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|**Unrestricted**|**Total**|
|---|---|
|**funds**|**funds**|
|**2021**|**2021**|
|£|£|
|2|**2**|
|_Unrestricted_|_Total_|
|_funds_|_funds_|
|_2020_|_2020_|
|£|£|
|7|7|
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|**Grants to**|**Total**|
|---|---|
|**Individuals**|**funds**|
|**2021**|**2021**|
|£|£|
|_Grants to_|_Total _|
|_Individuals_|_funds_|
|_2020_|_2020_|
|£|£|
|_702_|_702_|
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||**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_|
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||**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**|
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||_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_|
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||**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**|
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||_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_|
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||**2021**|_2020_|
|---|---|---|
||£|£|
|Wagesand salaries|**53,261**|_57,939_|
|Contribution to defined contribution pension schemes|**2,480**|_603_|
||**55,741**|_58,542_|
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||**2021**|_2020_|
|---|---|---|
||**No.**|_No._|
|Employees|**8**|5|
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||**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_|
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||**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_|
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||**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_|
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|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|
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|**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**|
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||||||_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_|
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|||||**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**|
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||||||_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_|
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||**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**|
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||_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_|
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|
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_|