| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | 8 | to | 9 | |
| Cash Flow Statement | 10 | |||
| Notes to the Cash Flow | Statement | |||
| Notes to the Financial Statements | 12 | to | 21 |
| Mrs Susan Maclaurin | Pratt | Chair ofthe Trustee Board, retired December 2020. |
|---|---|---|
| Mr Michael Case | Trustee | |
| Mr Graeme Loten |
Trustee | |
| Mr David Hindley | Trustee | |
| Mrs Paula Humby | Trust Manager | |
| Mrs Valerie Moiler | Finance Administrator | |
| Contact and Enquiries |
| F | OR THE Y | EAR END | ED 31 DECEM | BER 2020 | ||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Unrestricted | Restricted | Total | Total | |||
| Notes | fund F |
funds 6 |
funds F |
fundsf | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
2 | 17,936 | 380 | 18,316 | 17,682 | |
| Charitable activities |
||||||
| Charitable activities |
527,690 | 2,124 | 529,814 | 495,956 | ||
| Other trading activities |
3 | 488 | 488 | 2,111 | ||
| Investment income |
4 | 2,596 | 1,014 | 3,610 | 3,112 | |
| Total | 548,710 | 3,518 | 552,228 | 518,861 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charitable activities |
541,265 | 2,372 | 543,637 | 543,304 | ||
| Net gains on investments | 13,730 | 3,805 | 17,535 | 56,454 | ||
| NET INCOME | 21,175 | 4,951 | 26,126 | 32,011 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 1,060,942 | 94,686 | 1,155,628 | 1,123,617 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,082,117 | 99,637 | 1,181,754 | 1,155,628 |
| BALANCE SHEET | |||
|---|---|---|---|
| 31 DECEiilIBER 2020 | |||
| 2020 | 2019 | ||
| Notes | 8 | ||
| FIXEDASSETS | |||
| Tangible assets | 12 | 509,580 | 509,076 |
| Investments | 13 | 618,903 | 601,368 |
| 1,128,483 | 1,110,444 | ||
| CURRENT ASSETS | |||
| Debtors | 14 | 9,361 | 11,320 |
| Cash at bank and in hand | 114,248 | 93,224 | |
| 123,609 | 104,544 | ||
| CREDITORS | |||
| Amounts falling due within one year |
15 | (70,338) | (59,360) |
| NET CURRENT ASSETS | 53,271 | 45,184 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,181,754 | 1,155,628 | |
| NET ASSETS | 1,181,754 | 1,155,628 | |
| FUNDS | 17 | ||
| Unrestricted funds |
1,082,118 | 1,060,942 | |
| Restricted funds | 99,636 | 94,686 | |
| TOTAL FUNDS | 1,181,754 | 1,155,628 |
| FOR THE | CASH FLOW STA YEAR ENDED 31 |
TEMENT DECEMBER 2020 |
|||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Notes | F | f | |||
| Cash flows from operating activities Cash generated from operations |
1 | 19,400 | ~16,438) | ||
| Net cash provided | by/(used | in) operating | activities | 19,400 | ~16,438) |
| Cash flows from | investing | activities | |||
| Purchase oftangible fixed assets |
(1,986) | ||||
| Purchase offixed | asset investments | (399,965) | |||
| Sale offixed asset investments | 451,664 | ||||
| Interest received | 3,610 | 3,112 | |||
| Net cash provided | by investing activities |
1,624 | 54,811 | ||
| Change in cash |
and cash | equivalents | |||
| in the reporting | period | 21,024 | 38,373 | ||
| Cash and cash equivalents | at the | ||||
| beginning ofthe |
reporting | period | 93,224 | 54,851 | |
| Cash and cash equivalents | at the end | ||||
| ofthe reporting | period | 114,248 | 93,224 |
| NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 |
|||
|---|---|---|---|---|---|---|---|---|
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | |||||||
| 2020 | 2019 | |||||||
| E | ||||||||
| Net income for the | reporting | period (as per the | Statement of | |||||
| Financial Activities) | 26,126 | 32,011 | ||||||
| Adjustments for: |
||||||||
| Depreciation charges |
1,482 | 4,333 | ||||||
| Gain on investments | (17,535) | (56,454) | ||||||
| Interest received | (3,610) | (3,112) | ||||||
| Decrease/(increase) | in debtors | 1,959 | (1,167) | |||||
| Increase in creditors |
10,978 | 7,951 | ||||||
| Net cash provided | by/(used | in) operations | 19,400 | (16,438) | ||||
| 2. | ANALYSIS OF CHANGES | IN | NET FUNDS | |||||
| At 1.1.20 f |
Cash flow F |
At 31.12.20 f |
||||||
| Net cash | ||||||||
| Cash at bank and | in | hand | 93,224 | 21,024 | 114,248 | |||
| 93,224 | 21,024 | 114,248 | ||||||
| Total | 93,224 | 21,024 | 114,248 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| Sundry | donations | received | 6,002 | 4,998 | |
| BHL and subsidiary | donations | 12,150 | 12,500 | ||
| Friends' | membership | subscriptions | 164 | 184 | |
| 18,316 | 17,682 | ||||
| OTHER | TRADING | ACTIVITIES | |||
| 2020 | 2019 | ||||
| F | E | ||||
| Fundraising events |
488 | 505 | |||
| Coffee morning/winter | warmer fayre | 605 | |||
| Garden | party | 1,001 | |||
| 488 | 2 111 | ||||
| INVESTMENT INCOME | |||||
| 2020 | 2019 | ||||
| F | E | ||||
| Deposit | account interest | 1,281 | 85 | ||
| Dividends received |
2,329 | 3,027 | |||
| 3,610 | 3,112 |
| INCOME FROM CHARI | TA | BLE ACTIV | ITIES | ||||
|---|---|---|---|---|---|---|---|
| Activity | 2020 F |
2019 f |
|||||
| The Lodge - Contributions | |||||||
| from Residents | Charitable | activities | 465,396 | 459,326 | |||
| The Elms - Contnbution | |||||||
| from Residents | 36,398 | 36,630 | |||||
| Grants | 28,020 | ||||||
| 529,814 | 495,956 | ||||||
| Grants received, included |
in the above, | are as follows: | |||||
| 2020 f |
2019 F |
||||||
| Hampshire County Council |
25,896 | ||||||
| Job Retention Scheme |
2,124 | ||||||
| 28,020 | |||||||
| 6. | CHARITABLE ACTIVITIES COSTS | ||||||
| Support | |||||||
| Direct | costs (see | ||||||
| Costs f |
note 7) F |
Totals | |||||
| Charitable activities |
532,029 | 11,608 | 543,637 | ||||
| 7. | SUPPORT COSTS | ||||||
| Management f |
|||||||
| Charitable activities |
11,608 | ||||||
| Support costs, included | in | the above, are as follows: | |||||
| Management | |||||||
| 2020 | 2019 | ||||||
| Charitable | Total | ||||||
| activities | activities f |
||||||
| Advertising | 360 | 445 | |||||
| Repairs and maintenance | copier costs | 50 | 2,549 | ||||
| Payroll charges | 5,087 | 2,575 | |||||
| Accountancy fees |
3,000 | 2,460 | |||||
| Legal and professional | 5,348 | ||||||
| Bank charges | 102 | 208 | |||||
| Printing, postage and stationary |
732 | 442 | |||||
| General expenses | 2,277 | 771 | |||||
| Depreciation oftangible |
and heritage | ||||||
| assets | 2,436 | ||||||
| 11,608 | 17,234 |
| Net income/(expenditure) | Net income/(expenditure) | is stated after charging/(crediting): | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| 6 | 6 | |||
| Depreciation | - owned assets | 1,482 | 4,333 | |
| Independent | examiner's | fee | 2,400 | 2,400 |
| STAFF CO | STS | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| 6 | |||||
| The Lodge - Salaries | and wages | 315,159 | 308,330 | ||
| The Lodge - Social security costs | 14,034 | 12,962 | |||
| The Lodge - Pension | costs | 4,907 | 4,410 | ||
| The Elms - | Salaries | and wages | 31,725 | 31,511 | |
| The Elms - | Social security costs | 1,401 | 1,385 | ||
| The Elms - | Pension | costs | 490 | 451 | |
| 367,716 | 359,049 | ||||
| The average | monthly | number ofemployees | during the year was as follows: | ||
| 2020 | 2019 | ||||
| Retirement | living | 27 | 27 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| fund | funds | funds | |||
| f | F | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations | and legacies | 14,318 | 3,364 | 17,682 | |
| Charitable | activities | ||||
| Charitable | activities | 495,956 | 495,956 | ||
| Other trading activities |
2,111 | 2,111 | |||
| Investment | income | 2,112 | 1,000 | 3,112 | |
| Total | 514,497 | 4,364 | 518,861 |
| NOTES TO THE FINANCIAL STATEMENTS - continu FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE FINANCIAL STATEMENTS - continu FOR THE YEAR ENDED 31 DECEMBER 2020 |
ed | ||
|---|---|---|---|---|
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | - continued | ||
| Unrestricted | Restricted | Total | ||
| fund | funds f |
fundsf | ||
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Charitable activities |
540,008 | 3,296 | 543,304 | |
| Net gains on investments | 41,867 | 14,587 | 56,454 | |
| NET INCOME | 16,356 | 15,655 | 32,011 | |
| Transfers between funds |
40,965 | ~40,965 | ||
| Net movement in funds |
57,321 | (25,310) | 32,011 | |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
1,003,621 | 119,996 | 1,123,617 | |
| TOTAL FUNDS CARRIED FORWARD | 1,060,942 | 94,686 | 1,155,628 | |
| 12. | TANGIBLE FIXEDASSETS | |||
| Other | ||||
| Freehold | Houses | admin | ||
| property f |
equipment f |
equipment f |
||
| COST | ||||
| At 1 January 2020 | 507,220 | 36,355 | 618 | |
| Additions | ||||
| At 31 December 2020 | 507,220 | 36,355 | 618 | |
| DEPRECIATION | ||||
| At 1 January 2020 | 35,231 | 618 | ||
| Charge for year | 618 | |||
| At 31 December 2020 | 35,849 | 618 | ||
| NET BOOK VALUE | ||||
| At 31 December 2020 | 507,220 | 506 | ||
| At 31 December 2019 | 507,220 | 1,124 |
| 12. | TANGIBLE FIXEDAS | SE | TS - c | ontinued | |||
|---|---|---|---|---|---|---|---|
| Bedhampton | |||||||
| Historical | Computer | ||||||
| Collection F |
equipment 6 |
Totals f |
|||||
| COST | |||||||
| At 1 January 2020 | 347 | 13,375 | 557,915 | ||||
| Additions | 1,986 | 1,986 | |||||
| At 31 December 2020 | 347 | 15,361 | 559,901 | ||||
| DEPRECIATION | |||||||
| At 1 January 2020 | 347 | 12,643 | 48,839 | ||||
| Charge for year | 864 | 1,482 | |||||
| At 31 December 2020 | 347 | 13,507 | 50,321 | ||||
| NET BOOK VALUE | |||||||
| At 31 December 2020 | 1,854 | 509,580 | |||||
| At 31 December 2019 | 732 | 509,076 | |||||
| 13. | FIXEDASSET INVESTMENTS | ||||||
| Listed | Unlisted | ||||||
| investments | investments | Totals | |||||
| F | F | F | |||||
| MARKET VALUE | |||||||
| At 1 January 2020 | 561,368 | 40,000 | 601,368 | ||||
| Revaluations | 17,535 | 17,535 | |||||
| At 31 December 2020 | 578,903 | 40,000 | 618,903 | ||||
| NET BOOK VALUE | |||||||
| At 31 December 2020 | 578,903 | 40,000 | 618,903 | ||||
| At 31 December 2019 | 561,368 | 40,000 | 601,368 | ||||
| All fixed asset investments | are | held within the United | Kingdom. | ||||
| Unlisted investments |
are: | ||||||
| Bedhampton Holdings |
Limited | —40,000 shares | 40,000 | 40,000 | |||
| There is no ready market | forthese shares. |
| 2020 f |
2019 | |||
|---|---|---|---|---|
| Trade debtors | 4,178 | |||
| Other debtors | 296 | 296 | ||
| Prepayments | 9,065 | 6,846 | ||
| 9,361 | 11,320 | |||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2020 F |
2019 f |
|||
| Trade creditors | 5,259 | 3,964 | ||
| Social security and other | taxes | 3,985 | 8,584 | |
| Other creditors | 40,537 | 38,411 | ||
| Accruals and deferred | income | 20,557 | 8,401 | |
| 70,338 | 59,360 |
| Deferred | income | represents i |
ncome receiv | ed in advance f |
or contributions | in the next fin | ancial year. |
|---|---|---|---|---|---|---|---|
| 2020 f |
2019 F |
||||||
| Brought | forward | 6,001 | |||||
| Amount | released | to incoming | resources | (6,001) | |||
| Amount | deferred | in year | 17,299 | 6,001 | |||
| Carried | forward | 17,299 | 6,001 | ||||
| ANALYSIS OF NET ASSETS BETWEEN | FUNDS | ||||||
| 2020 | 2019 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fundf | funds f |
funds f |
funds f |
||||
| Fixed assets | 509,580 | 509,580 | 509,076 | ||||
| Investments | 527,456 | 91,447 | 618,903 | 601,368 | |||
| Current Current |
assets liabilities |
115,420 ~70,338) |
8,189 | 123,609 ~70,338) |
104,544 ~88,380) |
||
| 1,082,118 | 99,636 | 1,181,754 | 1,155,628 |
| MOVEMENT | IN FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1.1.20 E |
in funds F |
31.12.20 f |
|||||
| Unrestricted | funds | ||||||
| General fund | 1,060,942 | 21,176 | 1,082,118 | ||||
| Restricted funds | |||||||
| The Waterloo | Room Maint. Fund- | ||||||
| Income | 4,918 | 1,014 | 5,932 | ||||
| The Waterloo | Room Maint. Fund- | ||||||
| Capital | 33,120 | (80) | 33,040 | ||||
| Bedhampton | Historical | Collection | 54,522 | 3,885 | 58,407 | ||
| The Lodge Association | 1,549 | (119) | 1,430 | ||||
| Waterloo Room Roof Appeal | 521 | 250 | 771 | ||||
| Picture Framing | 56 | 56 | |||||
| 94,686 | 4,950 | 99,636 | |||||
| TOTAL FUNDS | 1,155,628 | 26,126 | 1,181,754 | ||||
| Net movement | in funds, | included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| F | F | F | |||||
| Unrestricted | funds | ||||||
| General fund |
548,710 | (541,264) | 13,730 | 21,176 | |||
| Restricted funds | |||||||
| The Waterloo | Room Maint. Fund- | ||||||
| Income | 1,014 | 1,014 | |||||
| The Waterloo | Room Maint. Fund- | ||||||
| Capital | (80) | (80) | |||||
| Bedhampton | Historical | Collection | 3,885 | 3,885 | |||
| The Lodge Association | 130 | (249) | (119) | ||||
| Waterloo Room RoofAppeal Job Retention Scheme |
250 2,124 |
~2,124) | 250 | ||||
| 3,518 | 2,373 | 3,805 | 4,950 | ||||
| TOTAL FUNDS | 552,228 | (543,637) | 17,535 | 26,126 |
| MOVEMENT | IN FUNDS - cont | IN FUNDS - cont | IN FUNDS - cont | inued | inued | ||||
|---|---|---|---|---|---|---|---|---|---|
| Comparatives | for movement | in funds | |||||||
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1.1.19 | in funds | funds | 31.12.19 | ||||||
| F | 6 | 9 | |||||||
| Unrestricted | funds | ||||||||
| General fund |
1,003,621 | 16,356 | 40,965 | 1,060,942 | |||||
| Restricted funds | |||||||||
| The Waterloo | Room Maint. Fund- | ||||||||
| Income | 4,650 | 268 | 4,918 | ||||||
| The Waterloo | Room Maint. Fund- | ||||||||
| Capital | 24,560 | 8,560 | 33,120 | ||||||
| The Elms Maint. Fund | - Capital | 40,000 | (40,000) | ||||||
| Bedhampton | Historical | Collection | 50,786 | 4,701 | (965) | 54,522 | |||
| The Lodge Association | 1,549 | 1,549 | |||||||
| Waterloo Room Roof Appeal | 521 | 521 | |||||||
| Picture Framing | 56 | 56 | |||||||
| 119,996 | 15655 | ~46,965 | 94666 | ||||||
| TOTAL FUNDS | 1,123,617 | 32,011 | 1,155,628 | ||||||
| Comparative | net movement | in | funds, | included | in the above | are as follows: | |||
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| F | F | F | |||||||
| Unrestricted | funds | ||||||||
| General fund |
514,497 | (540,008) | 41,867 | 16,356 | |||||
| Restricted funds | |||||||||
| The Waterloo | Room Maint. Fund- | ||||||||
| Income | 1,000 | (732) | 268 | ||||||
| The Waterloo | Room Maint. Fund- | ||||||||
| Capital | 8,560 | 8,560 | |||||||
| Bedhampton | Historical | Collection | (1,326) | 6,027 | 4,701 | ||||
| The Lodge Association | 2,568 | (1,019) | 1,549 | ||||||
| Waterloo Room Roof Appeal Picture Framing |
521 275 |
~219) | 521 56 |
||||||
| 4,364 | 3,296 | 14,587 | 15,655 | ||||||
| TOTAL FUNDS | 518,861 | (543,304) | 56,454 | 32,011 |