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|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|





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|||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|





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||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|



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



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|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|



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||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|



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|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|





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



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||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|



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||||||
|---|---|---|---|---|
|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|





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|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|



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|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|



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|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|



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|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|



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|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|





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