2020-12-31-accounts

Contents
Page:
1	Reference and Administrative details
2-5	Report of the trustees
6	Statement of financial activities incorporating income and expenditure account
7	Balance sheet
8-16	Notes forming part of the financial statements
17	Independent Examiner's report

		Unrestricted	Restricted	Total	Total
	Note	Funds	Funds	2020	2019
		£	£	£	£
Income from:
Donations and legacies	7	2,863		2,863	5,625
Charitable activities:
Grants received	8	37,000	50,000	87,000	5,000
Other trading activities	9	16,939		16,939	37,156
Total Income		56,802	50,000	106,802	47,781
Expenditure on:
Raising funds	10	1,080		1,080
Charitable activities	11		1,500	1,500	89,091
Operating - direct costs	12	43,613	25,560	69,173	98,790
Operating - support costs	13	15,438	5,146	20,584	18,862
Total Expenditure		60,131	32,206	92,337	206,743
Net income/(expenditure) and net
movement in funds for the year	5	(3,329)	17,794	14,465	(158,962)
Fund balances at 1 January 2020		79,409		79,409	238,371
Fund balances at 31 December 2020	19	76,080	17,794	93,874	79,409

	Note		2020		2019
		£	£	£	£
Fixed Assets	16		4,078		4,428
Current Assets
Debtors	17	10,914		10,884
Cash at bank		100,833		75,255
Cash in hand		296		485
		112,043		86,624
Current liabilities
Creditors	18	22,247		11,643
Net Current assets			89,796		74,981
Net Assets			93,874		79,409
Represented by:
Unrestricted Fund			76,080		79,409
Restricted Funds			17,794
Balance of Funds	19		93,874		79,409

et incoming/(outgoing) resources
	2020	2019
This is stated after charging:	£	£
Independent examiners fee	1,500	1,500

Donations
	Unrestricted Restricted Total 2020 Total		2019
Donations	2,603	2,603	5,055
Tax recoverable on Gift Aid	260	260	570
	2,863	2,863	5,625

	Unrestricted	Restricted	Total 2020	Total 2019
	£	£	£	£
Gershom Parkington Trust				5,000
National Lottery Heritage Fund		50,000	50,000
West Suffolk Council - Covid Support	37,000		37,000
	37,000	50,000	87,000	5,000

ther trading activities
	Unrestricted	Restricted	Total	2020	Total 2019
	£	£		£	£
Events	10,488			10,488	37,156
Venue hire	6,451			6,451
	16,939			16,939	37,156

10	Cost of raising funds
		Unrestricted	Restricted	Total 2020	Total 2019
		£	£	£	£
	General fundraising costs	1,080		1,080

	Unrestricted	Restricted	Total 2020	Total 2019
	£	£	£	£
Guildhall Project costs				87,536
Recruitment costs				55
Governance costs		1,500	1,500	1,500
		1,500	1,500	89,091

Direct costs		Operation
	Operating	of the
	Costs	Guildhall
	Unrestricted	Restricted Total 2020		Total 2019
	£	£ £		£
Rent, rates, water and refuse	1,884	90	1,974	1,014
Light and heat	3,528	1,058	4,586	13,784
Security	1,073	290	1,363	1,722
Repairs and maintenance	7,160	7,914	15,074	8,534
Insurance	5,175	2,199	7,374	2,426
Promotional	2,212	836	3,048	4,544
Card charges	1,199		1,199	956
Purchases and event expenses	2,659	1,800	4,459	12,925
Education	34		34	690
Donations paid				175
Wages and salaries	18,689	11,373	30,062	52,020
	43,613	25,560	69,173	98,790

13	Support costs		Operation
		Operating	of the
		Costs	Guildhall
		Unrestricted	Restricted Total 2020		Total 2019
		£	£ £		£
	Cleaning	1,962	600	2,562	2,550
	Communication costs	3,464	757	4,221	7,583
	Office Administration Services	206	257	463	1,374
	Bookkeeping	7,140	2,496	9,636	5,491
	Professional Services	1,800	392	2,192	880
	Depreciation	736		736	697
	Garden costs	130	644	774	287
		15,438	5,146	20,584	18,862

Staff costs
	2020	2019
Staff costs were as follows:	£	£
Wages and salaries:
Gross salaries	30,063	51,609
Social security costs		247
Employer pension costs	227	164
	30,290	52,020
The average monthly number of employees during the year was as follows:
	2020	2019
	No.	No.
Full time staff:
Service and operational staff		1
Part time staff:
Management and administration	2	4

Fixed Assets
	Fixtures &	Office
	Fittings	Equipment	Total
	£	£	£
Cost
At 1st January 2020	4,206	919	5,125
Additions	386		386
At 31st December 2020	4,592	919	5,511
Depreciation
Balance at 1 st January 2020	421	276	697
Charge for year	460	276	736
At 31st December 2020	881	552	1,433
Carrying Amount
At 31st December 2020	3,711	367	4,078
At 31st December 2019	3,785	643	4,428

Debtors
	2020	2019
	£	£
Gift Aid recoverable	260	2,570
Trade debtors	3,217	2,682
Prepayments	7,437	5,632
	10,914	10,884
Creditors
	2020	2019
	£	£
Trade creditors	9,433	1,508
Accruals and deferred income	12,308	10,095
Other creditors	506	40
	22,247	11,643

19	Funds	Balance at	Incoming	Outgoing		Balance at
		01.01.20	Resources	Resources	Transfers	31.12.20
		£	£	£	£	£
	Unrestricted General Fund	79,409	56,802	60,131		76,080
	Restricted Funds
	National Lottery Heritage Fund		50,000	32,206		17,794
			50,000	32,206		17,794
	Total Funds	79,409	106,802	92,337		93,874

	Funds	Balance at	Incoming	Outgoing		Balance at
		01.01.19	Resources	Resources	Transfers	31.12.19
	PRIOR YEAR	£	£	£	£	£
	Unrestricted General Fund	43,152	47.781	11,524		79,409
	Restricted Funds
	Guildhall Project	195,219		195,219
		195,219		195,219
	Total Funds	238,37]	47,781	206,743		79,409
20	Analysis of Net Assets Between	Funds	Unrestricted	Restricted	Total 2020	Total 2019
			£	£	£	£
	CURRENT YEAR
	Fixed Assets		4,078		4,078	4,428
	Debtors		4,322	6,592	10,914	10,884
	Cash at bank		86,397	14,732	101,129	75,740
	Creditors		(18,717)	(3,530)	(22,247)	(11,643)
			76,080	17,794	93,874	79,409
			Unrestricted	Restricted	Total 2019	Total 2018
			£	£	£	£
	PMORYEAR
	Fixed Assets		4,428		4,428
	Debtors		10,884		10,884	126,588
	Cash at bank		75,740		75,740	] 29,929
	Trade creditors		(11,643)		(11,643)	(18,146)
			79,409		79,409	238,371