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||||||
|---|---|---|---|---|
|Trustees||N McArthur|MBE||
|||G Chisnall|||
|||FCocker|||
|Charity|number|1106123|||
|Principal|office|Hamilton
Davies House|||
|||117cLiverpool Road|||
|||Cadishead|||
|||Manchester|||
|||M44 5BG|||
|Auditor||Champion|Accountants|LLP|
|||1 Worsley|Court||
|||High Street|||
|||Worsley|||
|||Manchester|||
|||M28 3NJ|||
|Bankers||National
Westminster||Bank Pic|
|||11 Spring Gardens|||
|||Manchester|||
|||M60 2DB|||
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|||Page|
|---|---|---|
|Trustees'
report||1-3|
|Statement
oftrustees'|responsibilities||
|Independent
auditor's|report|5-8|
|Statement
offinancial|activities||
|Balance sheet||10|
|Statement
ofcash flows|||
|Notes to the financial|statements|12-21|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2021
f|2021f|2021
f|2020|2020f|2020f|
|n
e|endo||ments from:|||||||
|Donations|and|legacies||35,747||35,747|549,533||549,533|
|Charitable|activities|||21,992||21,992|51,944||51,944|
|Investments||||56,649||56,649|116,285||116,285|
|Other income||||96,215||96,215||||
|Total Income||||210,603||210,603|717,762||717,762|
|~d«dlt||||||||||
|Charitable|activities|||454,170|1,886|456,056|1,229,602|2,812|1,232,414|
|Net gains/(losses)|||on|||||||
|investments|||12|952,677||952,677|(748,146)||(748,146)|
|Net movement||In|funds|709,110|(1,886)|707,224|(1,259,986)|(2,812)|(1,262,798)|
|Fund balances||at 6||||||||
|April 2020||||2,537,146|36,097|2,573,243|3,797,132|38,909|3,836,041|
|Fund balances||at|5|||||||
|April 2021||||3,246,256|34,211|3,280,467|2,537,146|36,097|2,573,243|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||6||
|Fixed assets|||||||||
|Tangible assets||||13||4,494||713|
|Investments||||14||3,627,463||2,848,062|
|||||||3,631,957||2,848,775|
|Current assets|||||||||
|Stocks||||15|345||345||
|Debtors||||17|59,569||62,635||
|Cash at bank and||in|hand||47,684||125,819||
||||||107,598||188,799||
|Creditors:|amounts||falling due within||||||
|one year||||19|(459,088)||(464,331)||
|Net current|liabilities|||||(351,490)||(275,532)|
|Total assets less||current liabilities||||3,280,467||2,573,243|
|income funds|||||||||
|Restricted|funds|||||34,211||36,097|
|Unrestricted|funds|||||3,246,256||2,537,146|
|||||||3,280,467||2,573,243|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|f||f||
|Cash flows from operating||activities||||||
|Cash absorbed
by operations|||23||(311,072)||(612,176)|
|Investing
activities||||||||
|Purchase
oftangible
fixed assets||||(4,261)||||
|Purchase of investments||||(210,257)||(566,197)||
|Proceeds on disposal of investments||||383,533||633,441||
|Dividends,
interest
and rents||from investments||56,649||116,285||
|Net cash generated
from investing||||||||
|activities|||||225,664||183,529|
|Net cash used in financing||activities||||||
|Net decrease
In cash and|cash equivalents||||(85,408)||(428,647)|
|Cash and cash equivalents|at beginning||ofyear||(325,996)||102,651|
|Cash and cash equivalents||at end of|year||(411,404)||(325,996)|
|Relating to:||||||||
|Cash at bank and
in hand|||||47,684||125,819|
|Short term deposits
included||in current||||||
|asset investments||||||||
|Bank overdrafts
included
in|creditors|||||||
|payable
within one year|||||(459,088)||(451,815)|
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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2020|
||||||f|f|
||Donations|and gifts|||35,747|549,533|
||Donations||and gifts||||
||Donations||||35,747|34,233|
||Gifts|||||515,300|
||||||35,747|549,533|
|4|Charitable||activities||||
||||||2021f|2020
f|
||Sales within||charitable|activities||128|
||Charitable|rental income|||21,992|51,816|
||||||21,992|51,944|
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|||2021|2020|
|---|---|---|---|
|Income|from listed investments|56,614|115,784|
|Interest|receivable|35|501|
|||56,649|116,285|
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds||
||||2021f|2020
f|
||Coronavirus|Job Retention Scheme|96,215||
|7|Charitable|activities|||
|||||Grant|Share of|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funding|governance|2021|2020|
||||||costs|||
|||||f.|f|||
||Grant funding|ofactivities (see note 8)||230,625||230,625|9O8,4O4|
||Share ofgovernance||costs (see note 9)||225,431|225,431|324,010|
|||||230,625|225,431|456,056|1,232,414|
|8|Grants payable|||||||
|||||||2021|2020f|
||Grants to institutions:|||||||
||Other|||||228,739|905,592|
||Grants to individuals|||||1,886|2,812|
|||||||230,625|908,404|
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|Support|costs||||
|---|---|---|---|---|
|||Governance|2021|2020|
|||costs|||
|||6|||
|Staff costs||100,723|100,723|164,148|
|Depreciation||480|480|1,576|
|Audit fees||4,800|4,800|4,800|
|Legal and|professional|7,345|7,345|11,151|
|General
office||9,435|9,435|15,674|
|Subcontractors||56,785|56,785|76,847|
|Interest paid||7,273|7,273|9,370|
|premises|costs|38,590|38,590|40,444|
|||225,431|225,431|324,010|
|Analysed|between||||
|Charitable|activities|225,431|225,431|324,010|
##
||2021|2020|
|---|---|---|
||Number|Number|
|Employment
costs|2021|2020|
||6|6|
|Wages and salaries|89,143|143,313|
|Social security costs|1,347|7,150|
|Other pension costs|10,233|13,685|
||100,723|164,148|
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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021f|2020f|
||Revaluation
of investments||||667,991|(749,660)|
||Gain/(loss)|on sale of|investments||284,686|1,514|
||||||952,677|(748,146)|
|13|Tangible|fixed assets|||||
|||||Plant and|Fixtures and|Total|
|||||equipment|flttlnasf||
||Cost||||||
||At 6 April|2020||33,133|14,105|47,238|
||Additions|||3,969|292|4,261|
||Disposals|||(1,581)||(1,581)|
||At 5 April 2021|||35,521|14,397|49,918|
||Depreciation
and impairment||||||
||At 6 April|2020||32,421|14,104|46,525|
||Depreciation
charged||in the year|428|52|480|
||Eliminated|in respect ofdisposals||(1,581)||(1,581)|
||At 5April|2021||31,268|14,156|45,424|
||Carrying|amount|||||
||At 5April|2021||4,253|241|4,494|
||At 5April|2020||712||713|
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|14|Fixed ass|et investme|nts|||||
|---|---|---|---|---|---|---|---|
||||||Listed|Cash in|Total|
||||||investmentsf|porffolio||
||Cost or valuation|||||||
||At 6 April|2020|||2,810,542|37,520|2,848,062|
||Additions||||210,257|1,094,829|1,305,086|
||Valuation|changes|||667,991||667,991|
||Disposals||||(1,193,676)||(1,193,676)|
||At 5April 2021||||2,495,114|1,132,349|3,627,463|
||Carrying|amount||||||
||At 05April|2021|||2,495,114|1,132,349|3,627,463|
||At 05April|2020|||2,810,542|37,520|2,848,062|
|15|Stocks|||||||
|||||||2021|2020|
|||||||E|6|
||Raw materials
and consumables||||||345|
|16|Financial|Instruments||||2021|2020|
||||||||f.|
||Carrying|amount offinancial assets||||||
||Instruments|measured|at fair value through|profit or loss||2,495,114|2,810,542|
|17|Debtors|||||||
|||||||2021|2020|
||Amounts|falling due|within one year:|||6||
||Other debtors|||||55,700|59,000|
||Prepayments
and accrued income|||||3,869|3,635|
|||||||59,569|62,635|
##
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|||2021|2020|
|---|---|---|---|
||||E|
|Bank overdrafts||459,088|451,815|
|Payable|within one year|459,088|451,815|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
||Bank overdrafts||||459,088|451,815|
||Trade creditors|||||12,516|
||||||459,088|464,331|
|20|Analysis ofnet assets between|funds|||||
|||||Unrestricted|Restricted|Total|
|||||funds|funds||
|||||E|E||
||Fund balances at 5April 2021 are|represented|by:||||
||Tangible assets|||4,494||4,494|
||Investments|||3,627,463||3,627,463|
||Current
assets/(liabilities)|||(351,490)||(351,490)|
|||||3,280,467||3,280,467|
##
||2021|2020|
|---|---|---|
||E|E|
|Within one year|37,460|37,460|
|Between two and five years|190,422|190,422|
||227,882|227,882|
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||N McArthur
MBE is the sole share|N McArthur
MBE is the sole share|holder|and a director ofThurnall
Taverns
Li|and a director ofThurnall
Taverns
Li|and a director ofThurnall
Taverns
Li|mited.||
|---|---|---|---|---|---|---|---|---|
||During the year, the trust charged||rent|of621,992 (2020:f51,816)to Thumall|||Taverns
Limited.|Also during|
||the year, the trust purchased
goods and|||services off117(2020:E6,667)from|||Thumall
Taverns|Limited.|
|23|Cash generated
from operations||||||2021|2020|
||||||||6|6|
||Surplus/(deficit)
for the year||||||707,224|(1,262,798)|
||Adjustments
for:||||||||
||Investment
income recognised|in|statement||offinancial|activities|(56,649)|(116,285)|
||Gain on disposal
of investments||||||(284,686)|(1,514)|
||Fair value gains and losses on|investments|||||(667,991)|749,660|
||Depreciation
and impairment
oftangible|||fixed assets|||480|1,576|
||Movements
in working
capital:||||||||
||(Increase)/decrease
in stocks|||||||98|
||Decrease
in debtors||||||3,066|4,571|
||(Decrease)/increase
in creditors||||||(12,516)|12,516|
||Cash absorbed
by operations||||||(311,072)|(612,176)|