2021-12-31-accounts

BAKEWELL TOWN & COMMUNITY TRUST

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS FOR 31 DECEMBER 2021

Company Registration Number 5687413 Charity Number 1113707

DERBY COMMUNITY ACCOUNTANCY SERVICE

Babington Lodge 128 Green Lane Derby DE1 1RY

BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

Contents	Page
Members of the board and professional advisers	1
Trustees’ annual report annual report	2-6
Independent Examiner’s Report	7
Statement of financial activities	8
Balance sheet	9
Notes to the financial statements	10-18

BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2021

The Board of Trustees

The Directors of the charitable company (the Charity) are its Trustees for the purpose of Charity Law and throughout this report are collectively referred to as the trustees.

Directors Mrs. H. K. Horrod Mr. M. J. R. Horrod Mrs P. E. Lunn Mrs. R. Rose (retired 3 August 2021) Company secretary Mrs P. E. Lunn Registered office Riversdale Farm, Coombs Road, Bakewell, DE45 1AR Trading Address Bakewell Town Hall The Square Bakewell DE45 1BT Independent Examiner Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2021

The Trustees, who are also Directors for the purposes of the Companies Act, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ending 31 December 2021.

STRUCTURE , GOVERNANCE AND MANAGEMENT

Governing document

Bakewell Town and Community Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 5 December 2005. It was registered at Companies House on 25 January 2006 and was registered as a charity with the Charity Commission on 7 April 2006. Membership of the Trust is open to anyone over 18 years of age and local organisations within Bakewell and surrounding area. Members agree to contribute £10 in the event of the charity being wound up.

Trustees

The Trustees are charged with taking forward the management and maintenance of Bakewell Town Hall as a public asset managed and refurbished through a charitable organisation.

Under the Memorandum and Articles of Association one-third of the Directors are required to retire at each annual general meeting.

Trustee Induction and Training

All trustees have been provided with information packs on their roles and responsibilities and are encouraged to attend appropriate external training events.

Organisation

The Board of Trustees administers the Charity. It meets regularly and is supported by staff and volunteers.

Risk Management

The Trustees have recognised risks that the Charity may face in relation to the implementation of the business plan.

OBJECTIVES AND ACTIVITIES

The objects of the charity are:

• A. To preserve and restore for the benefit of the Public the Bakewell Town Hall, being of constructional, architectural or historical heritage.

• B. To advance education and to provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2021

individuals and community groups who have need of such facilities by reason of their youth, age, infirmity, or disability, financial hardship or social circumstances with the object of improving their conditions of life.

• C. To promote other such charitable purpose for the general benefit of the Public Residents of Bakewell and the surrounding area.

The main objectives for the year have been:

The Main Objectives for 2021 were:

• To comply with the on-going Government directives in respect of ‘lockdown’.

• To ensure that all Health & Safety recommendations were acted upon in respect of premises and staff.

• To explore all possible sources of financial support available and make necessary applications.

• To ensure the premises were maintained and secure during this period.

• Liaise with regular users regarding any relaxation of Government guidance to enable activities to resume.

• To keep under review the business plan.

• To undertake further consultations on proposals for the Town Hall refurbishment including a major upgrade of the heating and electricity systems.

• To upgrade computer facilities and marketing tools.

SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OBJECTS

In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustees meetings ensuring that an acceptable proportion of use is by community groups.

The membership of the Charity is open to all individuals irrespective of race, gender or any other personal circumstances.

ACTIVITIES AND ACHIEVEMENTS

The imposition of Government measures to combat the pandemic in 2020 continued into 2021 resulting in a period of lockdown with bookings cancelled or postponed. Staff continued to work remotely where possible with only the occasional necessary visit to the office until December 2021. Government financial support was secured without which the Trust could have been in a difficult financial position.

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2021

All necessary health and safety measures as required were put in place and additional equipment purchased as necessary. In the latter part of 2021 facilities were re-opened to our regular users in accordance with the phased easing of restrictions. We are looking forward with optimism as bookings for 2022 are coming in. A programme of events from comedy nights, classical concerts to streaming National Theatre Live is planned.

Towards the end of the year as groups were restarting their activities part of the Court Room ceiling came down due, on inspection, to degradation of the fabric hence not covered by insurance. The room was immediately sealed off and rooms re-allocated to users. We appreciated the local professional advice and excellent work of local contractors to complete the work in good time and grateful to Bakewell Town Council for sharing the cost.

Having had the heating project on hold during lockdown we have taken further advice and are currently seeking financial assistance.Upgrading of fire safety measures throughout the building is currently in progress.

Our Premises Supervisor and Caretaker, Michael Driscoll will retire at the end of March 2022 after 22 years service in that position both with Bakewell Town Council and the Trust. We wish him a long and happy retirement.

In addition to membership fees, the Trust is most appreciative of the continued financial support it has received from Bakewell Town Council, and during the year from the Derbyshire Foundation and private donations.

RISK MANAGEMENT

The Trustees recognise the risks in relation to implementation of the business plan as the Charity seeks to establish a firm financial base to meet its responsibility for the day-to-day management of the Town Hall and internal refurbishment:

• Timing of works: deterioration of the fabric of the building and equipment may be greater than currently known, requiring shorter implementation period for work to be undertaken.

• Impact of the current economic climate on revenue stream resulting in adverse cash flow.

• Adequate funding is denied for key areas as a number of grant opportunities are not open to us and finding suitable funding options is becoming harder and may slow our ability to achieve all our aims.

• Match funding cannot be found.

• Voluntary support for the work of the Trust is not sustained and new experienced Directors do not come forward to aid succession planning.

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2021

FINANCIAL REVIEW.

In addition to membership fees, financial support has been received during this period from: Bakewell Town Council, Derbyshire County Council Community Leadership Scheme, the Derbyshire Foundation, and private donations. We continue to tightly control operating costs. Whilst the accounts show a positive outcome for 2021 this is entirely due to receipt of CIRS and other government support funding without which a considerable loss would have been recorded.

Major improvements currently being considered for implementation within the next two years will be dependent on external funding being obtained. Much emphasis is now being placed on marketing our rapidly improving facilities and developing new business opportunities. Government restrictions imposed during lockdown severely impacted on finances. The Trust received financial support through Government Grant Funding without which it would have been in a serious position. The year end positive outcome is in direct relation to the receipt of that funding which is gratefully acknowledged. This surplus will be needed to cushion the transition back into full operation during the coming year as lockdown measures are slowly eased and support grants are removed.

PLANS FOR FUTURE PERIODS

The prime objective is to efficiently manage and develop facilities within the Town Hall for the benefit of the community as a whole. We are looking to develop stronger ties with local organisations and to ensure that the development meets their needs, and to establish best business practice in the management of the Trust’s activities and the employment and welfare responsibilities of our staff. Further external funding is being sought, and marketing and promotion activities are ongoing.

TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS

Company law requires the Trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Make sound judgements and estimates that are reasonable and prudent; and

• Prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will continue in business.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2021

also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In accordance with Company Law, as the Company’s Directors, we certify that:

• so far as we are aware, there is no relevant information of which the Company’s Independent Examiner is unaware; and

• as the Directors of the Company we have taken all the steps that we ought to have taken in order to make ourselves aware of any information relevant to the independent examination and to establish that the Charity’s Independent Examiner is aware of that information.

INDEPENDENT EXAMINERS

Derby Community Accountancy Services were appointed as independent examiners during the year and have expressed their willingness to continue in office. A resolution to re-appoint them as independent examiner will be put to the members at the annual general meeting.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the special provisions for small companies under section 477 of the Companies Act 2006.

Approved by the trustees on 3[rd] May 2022

Signed on behalf of the trustees:

Helen K Horrod

Helen K. Horrod Chair, Board of Trustees.

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BAKEWELL TOWN & COMMUNITY TRUST

YEAR ENDED 31 DECEMBER 2021

I report on the accounts for the period ended 31 December 2021 which are set out on pages 8 to 18.

Respective responsibilities of the trustees and examiner

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the Act or

• the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mark Newey

Mark Newey ACMA Date 3[rd] May 2022 Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2021

Note Income from: Donations plus gift aid 3 Charitable activities 4 Membership fees 5 Investment income 6 Total incoming resources Expenditure on: Raising funds Charitable activities Total expenditure 7 Net (expenditure) income Transfer between funds Net movement in funds Fund balances at 1 January 2021 Fund balances at 31 December 2021

Unrestricted Funds Restricted Funds Total Funds Year to 31 Dec 2021 Total Funds Year to 31 Dec 2020 £ £ £ £ 680 - 680 355 79,203 11,533 90,736 108,164 310 - 310 220 4 - 4 31 80,197 11,533 91,730 108,770 1,416 - 1,416 1,627 59,743 14,618 74,304 85,135 61,159 14,618 75,777 86,762 19,038 (3,085) 15,953 22,008 - - - - 19,038 (3,085) 15,953 22,008 82,707 5,761 88,468 66,460 101,745 2,676 104,421 88,468

The company had no new or discontinued activities during the year.

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

BALANCE SHEET YEAR ENDED 31 DECEMBER 2021

Note Fixed assets Tangible assets 11 Current assets Debtors 12 Stock 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets The funds of the charity: Restricted 15 Unrestricted – general reserves 15 TOTAL CHARITY FUNDS 16	2021 £ 1,923 750 102,053 104,726 4,933	£ 4,628 99,793 104,421 104,421 2,676 101,745 104,421	2020 £ 9,878 559 74,076 84,513 3,759	£ 7,714 80,754 88,468 88,468 5,761 82,707 88,468

For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:-

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

• The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the directors and authorised for issue on 3[rd] May 2022 and are signed on their behalf by:

Helen Horrod

Helen K. Horrod Chair, Board of Trustees

Company Registration Number: 5687413

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Company information

its Memorandum and Articles of Association dated 5 December 2005. It was registered at Companies House on 25 January 2006 and was registered as a charity with the Charity Commission on 7 April 2006. Membership of the Trust is open to anyone over 18 years of age and local organisations within Bakewell and surrounding area. Members agree to contribute £10 in the event of the charity being wound up.

1.1 Accounting convention

These accounts have been prepared in accordance with FRS 102, “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it apples from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in Sterling which is the functional currency of the company Monetary amounts in these financial statements to the nearest £.

The accounts have been prepared on historical cost convention apart from freehold property that is carried at market value. The principal accounting policies adopted are set out below.

These accounts for the year ended 31 December 2021 have been prepared in accordance with FRS 102 which is the Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January 2015 and there is no impact on the reported financial position and financial performance for the previous period by the transition to FRS 102.

1.2 Going concern

At the time of approving the accounts, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

1.4 Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.

1.5 Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings which aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in the support of the charitable activities.

1.6 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.9 Financial instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits/

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

1.11 Taxation

The charity is exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

1.12 Depreciation

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:-

Asset Type	Depreciation Policy
Plant & Machinery	10%
Office Equipment	25%
Fixtures & Fittings	25%
First Floor Kitchen	15%
Ground Floor Kitchen	15%
Bar & Bar Room	15%
Stage	15%
Streaming Screen	25%
Sound system	25%

2. Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

3. Donations

			Total Funds	Total Funds
	Unrestricted	Restricted	Year to 31 Dec	Year to 31
	Funds	Funds	2021	Dec 2020
	£	£	£	£
Donations	505	-	505	355
Gift Aid	175	-	175	-
	---------------------------------	-----------------	---------------------------------	--------------------------------
	680	-	680	355
	================================	================	================================	================================

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

4. Income from charitable activities

		Total Funds	Total Funds
	Unrestricted	Restricted Year to 31 Dec	Year to 31 Dec
	Funds	Funds 2021	2020
	£	£ £	£
Grants	38,351	11,533 49,884	63,493
Room Hire	16,173	- 16,173	13,624
Rent Income	15,336	- 15,336	15,336
Events Income	9,317	- 9,317	10,263
Miscellaneous Refreshments	26	- 26	149
Other charitable income	-	- -	5,299
	--------------------------------	------------------------------------- -------------------------------------	--------------------------------
	79,203	11,533 90,736	108,164
	================================	===================================== =====================================	=============================
Membership fees
		Total Funds	Total Funds
		Year to 31	Year to 31
		Dec 2021	Dec 2020
		£	£
Annual membership fees		310	220
		_____	_____
		310	220
		===========================	===========================
Investment income
		Total Funds	Total Funds
		Year to 31	Year to 31
		Dec 2021	Dec 2020
		£	£
Bank interest receivable (unrestricted)		4	31
		=====================	================

5. Membership fees

6. Investment income

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

7. Analysis of expenditure

Staff costs Costs associated with events Promotion Durables for Events Utilities Office Building Repairs and Maintenance Insurance Licences Accountancy, payroll and software Professional Fees Bank Charges Bad Debts Miscellaneous Expenses Depreciation	Total Funds Year to 31 Dec 2021 £ 39,288 8,432 1,416 - 8,072 2,759 6,833 1,534 1,161 2,701 428 55 - 12 3,086 75,777	Total Funds Year to 31 Dec 2020 £ 44,561 7,835 1,627 315 10,415 4,469 4,099 1,403 1,202 2,156 2,400 65 1,032 - 5,183 86,762

Expenditure on charitable activities was £75,777 (2020: £85,135) of which £14,618 (2020:£23,992) was restricted.

8. Net (expenditure)/income

Net (expenditure)/income for the year is stated after charging/(crediting):

	2021	2020
	£	£
Independent Examiner’s Fees	700	650
	===========================	================================

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

9. Directors and key management personnel

The key management personnel of the charity consist of the trustees. The trustees did not receive remuneration.

10. Employees

The average monthly number of persons employed (full time equivalent) during the year was

	Year to	Year to
	31 Dec 2021	31 Dec 2020
	No	No
Charitable activities	2	2
	___	___
	2	2
	================	================
Employment costs
	Year to 31	Year to 31
	Dec 2021	Dec 2020
	£	£
Wages and salaries	36,340	41,260
Social security costs	-	-
Pension costs	2,948	3,301
	39,288	44,561

No employee earned more than £60,000 per annum.

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

11. Fixed assets

11. Fixed assets	YEAR ENDED 31 DECEMBER 2021
Fixed assets consisted of :- Cost as at 01/01/2021 Additions Cost as at 31/12/2021 Depreciation as at 01/01/2021 Depreciation charge Depreciation as at 31/12/2021 Net Value at 31/12/2021	Office Eqpmt, Fixtures & fittings Plant & Eqpmt Kitchens Bar & Bar Room Stage Streaming Screen Sound System Total £ £ £ £ £ £ £ £ 45,146 12,415 32,208 7,484 15,858 6,199 6,144 125,454 - - - - - - - -
	45,146 12,415 32,208 7,484 15,858 6,199 6,144 125,454 45,146 12,415 32,208 7,484 15,858 2,325 2,304 117,740 - - - - - 1,550 1,536 3,086
	45,146 12,415 32,208 7,484 15,858 3,875 3,840 120,826
	- - - - - 2,324 2,304 4,628

12. Debtors

	2021	2020
	£	£
Trade debtors	1,893	5,151
Accrued Income	-	3,746
Prepayments	30	941
Sundry debtor	-	40
	--------------------------------	--------------------------------
	1,923	9,878
	================================	================================
. Stock
	2021	2020
	£	£
Bar stock	750	559
	--------------------------------	--------------------------------
	750	559
	================================	================================

13. Stock

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

14. Creditors: Amounts falling due within one year

	2021	2020
	£	£
Trade creditors	389	305
Accruals	2,048	3,454
Deferred Income	2,000	-
Taxation and social security	496	-
	--------------------------------	--------------------------------
	4,933	3,759
	================================	================================

15. Analysis of charitable funds

Analysis of movements in unrestricted funds

	At	Incoming	Outgoing	At
	1 Jan			31 Dec
	2021			2021
	£	£	£	£
General reserve	82,707	80,197	(61,159)	101,745
	-------------------------------------	-------------------------------------	-------------------------------------	-------------------------------------
Total unrestricted funds	82,707	80,197	(61,159)	101,745
Restricted funds
Duke of Devonshire’s Charitable Trust	2,932	-	(1,542)	1,390
Peak Leader	2,829	-	(1,543)	1,286
Derbyshire County Council	-	197	(197)	-
HMRC Job Retention Scheme	-	11,336	(11,336)	-
Total restricted funds	5,761	11,533	(14,618)	2,676
Total funds	88,468	91,730	(75,777)	104,421

General reserve

General reserves are the free reserves after allowing for all designated funds.

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BAKEWELL TOWN & COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

Restricted Funds

The Duke of Devonshire Charitable Trust monies were used to purchase the streaming screen and the sound system.

The Peak Leader funding was also provided for the streaming screen and sound system.

The purchase of the assets was capitalised and the depreciation charge will be set against the funding in accordance with the depreciation policy.

The Derbyshire County Council Grant was provided to contribute to the cost of a fogging machine.

The HMRC Job Retention Scheme was provided to support the retention of staff during the COVID pandemic.

16. Analysis of net assets between funds

	Tangible	Other
	fixed assets	net assets	Total
Unrestricted funds	£	£	£
Unrestricted Funds	1,952	99,793	101,745
Restricted funds	2,676	-	2,676
	______	_____	_____
Total funds	4,628	99,793	104,421
	====================================	=============================	================================

17. Related party transactions

The charity had no related party transactions that required disclosure.

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