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||||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|
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|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|||
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|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|
##
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|||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|
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|||||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|
##
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|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|
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|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|
##
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|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|
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