2020-12-31-accounts

	Contents
	Reference and Administration information
	Objectives and Activities
	Background to The Springhead Trust
	Mission, Objectives and Activities,
	Public Benefit
	Principal Achievements of2020
	Impact ofGovid-19 Pandemic
	Education Facilities and Activities
	Protecting and Conserving the Environment
	Arts and Culture
	Community Support and Involvement
	Organisational Improvements
	Capital Works
	Our Supporters
	Plans for 2021 and Beyond
	Structure, Governance and Management
	Financial Management and Reporting	10
	Statement of Directors' Responsibilities	11a
	Reporting Accountant's Statement	11b
Financial	Statements
	Statement offinancial activity	12
	Balance Sheet as of31 December 2019
	Notes to the financia! statements	14-19

						Notes		Total	Total
								2020	2019
Incoming Resources
Incoming Resources generated				from funds
Voluntary Income							2	17&,835	69,007
Activities for generating	funds						3	777	46,197
Investment Income							4	17	6,010
Incoming resources from		Charitable			Activities		5	9,248	81,826
Other Incoming resources									297
Total Incoming resources								188,877	203,337
Resources expended
Cost of generating funds
Cost of generating voluntary			income				6	58,577	5,779
Activities for generating	funds		costs				7	17,529	24,479
investment management		costs					8	0	2,300
Charitable Activities							9	121,687	152,531
Governance costs							10	6,184	2,871
Total resources expended								203,977	187,960
Net incomingl (outgoing)		resources before
transfers								-15,100	15,377
Transfers
Net movement in funds								-15,100	15,377
Balances brought forward		at	1	Jan 2020				1,593,113	1,577,736
Balances canied forward at 31Dec 2020								1,578,013	1,593,113

						2020	2019
			Notes		E	F	f
Fixed Assets
Tangible Fixed assets						1,612,631	1,618,194
Current Assets
Debtors				13		4,652	2,978
Cash in hand and	at	bank				77,925	26,494
						82,577	29,472
Liabilities: Amounts		falling due within one
year				14		117,195	54,553
NET CURRENT ASSETS						-34,618	-25,081
TOTAL ASSETS	LESSCURRENT
LIABILITIES						1,578,013	1,593,113
NET ASSETS						1,578,013	1,593,113
FUNDS
Freehold Property	fund					1,562,573	1,562,573
General unrestricted		funds		15		15,440	30,540
Restdicted				16		0	0
TOTAL FUNDS				17		1,578,013	1,593,113

	INVESTMENT MANAGEMENT COSTS
		2020	2019
		E	8
	Supportcosts	0	2300
	CHARITABLE ACTIVITIES COSTS
		2020	2019
			F
	Charitable Events	637	2,976
	Equipment	1,201	4,498
	Training &safety	1,356	2,092
	Licenses and permits	2,264	1,070
	Garden Maintenance	17,548	14,936
	Catering supplies	946	11,477
	Cleaning 8 laundry	4,907	11,294
	Advertising and Promotion	12,733	6,353
	Support costs	8kQK	9775
		121,687	152,531
10	GOVERNANCE COSTS
		2020	2019
	Accountancy	3,847	1,224
	Legal Fees	0	247
	Support costs	~3	1400
		6,184	2,871

Support cost	Voluntary	Generating	Investment	Charitable	Governance	Total 2020
type	Income	funds costs	costs	Activities	costs
	cost			costs
	20			63
Staff	11,074	8,305		34,882	1,107	55,368
Premises	11,331	8,498		35,691	1,133	56,653
Depreciation				5,563		5,563
Office costs	968	726		3,049	97	4,840
ravel				910		910
Total	23,373	17,529		80,095	2,337	123,334

							2020f	2019
		Salaries					55,368	66,409
		Salaries Fundraising Coronavirus Job Retention			Scheme		14,000 ~17	0 ft
							87,747	66,409
The	average	number ofemployees		analysed		by function was:
							2020	2019
		Fundraising
		Charitable	activities

TANGIBLE FIXEDASSETS
	Freehold	Fixtures 8	Total 2020
	Property f	Equipment F	f
Cost	1,562,573	72,329	1,634,902
Additions			0
Disposals			0
31Dec2020	1562573	72329	1634902
Depreciation	0	16,708	16,708
Charge forthe year		5,563	5,563
On disposals			0
31Dec2020	0	22 271	22 271
Net book value 31/12/19	1562573	60055	1612631
Net book value 01/01/20	1 562 573	55621	1 615194

DEBTORS
			2020	2019
				6
Prepayments			0	0
Debtors: VAT refund			3,442	0
Accounts receivable			1,210	2,978
			4,652	2,978
LIABILITIES FALLING DUE WITHIN ONE YEAR
			2020	2019
Trade creditors			18,439	10,251
Damage Waiver Deposit			0	300
Deposits and Payments		In Hand	53,860	0
Pupil Premium paid	in advance		6,200	6,200
Turbine Loan			2,000	2,000
Social security &VAT			1,696	802
ShortTerm Loans			35,000	35,000
			117,195	54,553

			Balances	Income	Expenditure	Transfers		Balances
			01 Jan					31Dec
			2020					2020
Restricted Funds
None
Freehold Props		Fund	1,562,573					1,562,573
ccumulation	Fund		30,540	188,877	203,977			15,440
Total Funds			1,593,113	188,877	203,977		0	1,578,013

alance sheet by:
	2020	2019
		5
Fixed assets Net current assets	1,612,631 ~1	1,618,194 ~01
	1,578,013	1,593,113