2021-12-31-accounts - Coldharbour Mill Trust Limited

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Contents		Page
Reference and administration details
Trustees' annual report
Statement oftrustees' responsibilities
Independent examiner's	report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	9-19

		COLDHARBOUR MILL TRUST LIMITED	COLDHARBOUR MILL TRUST LIMITED	COLDHARBOUR MILL TRUST LIMITED
			TRUSTEES' ANNUAL REPORT
			YEARENDED 31DECEMBER	2021
REFERENCE AND		ADMINISTRATION	DETAILS
Charity name			Coldharbour Mill Trust Limited
Registered	charity number		1123386
Registered	company	number	06389577
Principal address			Coldharbour Mill
			Uffculme
			Cullompton
			Devon EX15 3EE
Trustees			Mrs JDawkins (Chair) - Resigned September 2021
			Ms JCollins
			Mr IBirt (Vice-Chair)
			Ms BMason (Interim Chair from September 2021)
			Ms RTyler
			Ms ECrockett —Appointed	January 2021
			Mr M Halse (Secretary)
Independent	examiner		Mrs M Hutchings
			Aspen Watte South West
			Chartered Accountants
			21 Bampton Street
			Tiverton
			Devon
Bankers:			National Westminster Bank pic
			11Fore Street
			Tiverton
			Devon
			CAF Bank Ltd
			25 Kings Hill Avenue
			Kings Hill
			West Mailing
			Kent
			ME194JQ

				Restricted	Unrestricted	2021 Total	2020 Total
			Notes	funds	funds	funds	funds
Income
Donations and legacies				161,824	40,380	202,204	355,753
Income from	charitable	activities			32,506	32,506	3,211
Investment income					49,274	49,274	58,070
Total income				161,824	122,160	283,984	417,034
Expenditure on
Charitable activities				223,015	158,014	381,029	164,962
Raising funds					28,122	28,122	13,924
Total expenditure				223,015	186,136	409,151	178,886
Net income (expenditure)				(61,191)	(63,976)	(125,167)	238,148
Transfers between	funds			(12,993)	12,993
				(74,184)	(50,983)	(125,167)	238,148
Unrealised gain (loss)					349	349	(801)
Net movement in funds				(74,184)	(50,634)	(124,818)	237,347
Total funds brought	forward			403,742	35,921	439,663	202,316
Total funds carried	forward			329,558	(14,713)	314,845	439,663

							2020
				Note
Fixed	assets
Tangible fixed			assets	10		302,700		245,255
	Investments			11		1,469		1,120
Current assets
	Debtors			12	46,147		11,317
	Cash at bank	and in hand			63,465		270,585
					109,612		281,902
Creditors: Amounts			falling due within one year	13	33,404		18,034
Net current assets		(liabilities)				76,208		263,868
Total	assets less current liabilities					380,377		510,243
Creditors: Amounts			falling due after one year	14		65,532		70,580
Net assets						314,845		439,663
Funds
	Unrestricted	funds				(26,713)		(9,079)
	Designated funds			19		12,000		45,000
	Restricted funds			20		329,558		403,742
Total	funds					314,845		439,663

			Restricted	Unrestricted	2021 Total	2020 Total
Grants			161,824	6,934	168,758	333,887
Job retention	scheme			758	758	3,976
Local Authority		Covid-19 grants		18,637	18,637	10,000
Donations				14,051	14,051	7,890
Gift Aid						1,817
			161,824	40,380	202,204	357,570

				Unrestricted	2021 Total	2020 Total
Admission	fees	and	workshops	30,057	30,057	2,252
Memberships				2,449	2,449	959
				32,506	32,506	3,211

Investment incotne
	Restricted	Unrestricted	2021 Total	2020 Total
Rents		48,944	48,944	58,044
Dividends		38	38
Interest		292	292	26
		49,274	49,274	58,070

Expenditure on
		Restricted		Unrestricted
		Charitable	~Raisin		Charitable	2021 Total	2020 Total
		activities	funds		activities	funds	funds
Wages		28,523	7,107		23,599	59,229	28,747
Business rates					59	59
Water charges		904	378		2,156	3,438	949
Light, heat and power					(74)	(74)	2,567
Insurance		7,042	968		794	8,804	9,329
Repairs and renewals		62,356			66,963	129,319	21,933
Depreciation		4,391			24,078	28,469	15,660
Telephone		2,949	1,404		(140)	4,213	2,622
Advertising and leaflets		15,504	14,706			30,210	5,636
Fundraising expenditure		3,230	1,721			4,951	425
Printing, postage and stationery		3,909	1,042		4,530	9,481	7,210
Travelling and Training		209		144	962	1,315	3,407
Trustees expenses					734	734	621
Volunteer expenses					2,640	2,640
Miscellaneous		1,172	652		894	2,718	7,967
Bookkeeping		2,010			1,560	3,570	3,091
Accountancy					3,293	3,293	3,345
Independent examiners	fee				1,411	1,411	1,434
Legal and professional	fees	66,825			20,100	86,925	51,673
Bank charges		621			1,144	1,765	948
Overdraft interest							796
Loan interest					1,649	1,649	805
Education and drama					1,175	1,175	170
Subscriptions		3,493			487	3,980	833
Petroc Rural Skill Training		16,299				16,299
Splash Project		1,836				1,836	3,297
ICON Tillet		1,742				1,742
Aim Project							5,421
Total 2021		223,015	28,122		158,014	409,151	178,886
Total 2020		14,992	31,012		176,149	222,153

Trustees remuneration and reimbursed expenses
	2021	2020
Trustees remuneration	Nil	Nil
Trustees expenses	Nil	Nil
Wages and salaries	2021	2020
Wages and salaries	58,234	28,133
Social security costs
Pension costs	995	614
	59729	28,747
Average number ofemployees	2	2
Analysed by activity
Management and administration
Museum staff

Operating lease commitments		2021	2020
As at 31December 2021 the trust had annual cominitments	under non-cancellable
operating leases as follows:
Other operating leases
Expiry date —within one year		1,588	967

	Freehold	General	~De attmental	Office
	~ro err	~ui ment	~eui ment	E~nt ment	202i Total
Cost
At I January 2021	248,712	48,050	10,169	15,596	322,527
Added		84,925	639	350	85,914
At 31 December 2021	248,712	132,975	10,808	15,946	408,441
Depreciation
At I January 2021	48,425	19,249	3,698	5,900	77,272
Charge for year	4,839	19,892	1,439	2,299	28,469
At 31December 2021	53,264	39,141	5,137	8,199	105,741
Net book value
At 31 December 2021	195,448	93,834	5,671	7,747	302,700
At 31December 2020	200,287	28,801	6,471	9,696	245,255


Investments -Listed			2021	2020
Market value as at
I Ianuary 2021			1,120	1,921
Unrealised gain (loss)			349	(801)
Market value as at
31December 2021			1,469	1,120
Historical cost as at
31December 2021			15,600	15,600
Debtors			2021	2020
Trade debtors			5,295	3,435
Amounts due from subsidiary		undertakings	10,160	7,288
Prepayments			4,950	594
Other debtors			25,742
			46,147	11,317
Creditors: Amounts	falling due within one year		2021	2020
Bank loans and overdrafis			8,487	8,587
Unsecured private loans			300	300
Hire purchase				1,638
Trade creditors			20,363	2,482
Taxation and social	security			62
Other creditors			454	322
Accruals and deferred income			3,800	4,643
			33,404	18,034
Creditors: Amounts	falling due after one year		2021	2020
Bank loans —Long term loan			65,532	70,580
			65,532	70,580

term loan	2021 Total	2020 Total
8,487	8,487	8,587
8,487	8,487	8,587
25,461	25,461	39,745
31,584	31,584	22,248
74,019	74,019	79,167


Analysis ofnet assets between	funds		Un-
		Restricted	restricted
		funds	funds	Total
Fixed assets		58,594	245,575	304,169
Current assets		270,964	(161,352)	109,612
Liabilities			(98,936)	(98,936)
		329,558	(14,713)	314,845

		Balance			Utilised/	Balance
		31.12.20	D~esi	eted	released	31.12.21
Maintenance	fund	45,000			33,000	12,000
		45,000			33,000	12,000

Restricted funds
				Balance					Balance
				31.12.20	~tncomin	~Out	oin	Transfers	31.12.21
Water wheel				1,256					1,256
Land East and West ofColdharbour			Mill
(fixed asset)				40,254					40,254
HLF -Fit for the Future (fixed asset)				41,481			942		40,539
Fire Escape				72,819			64		72,755
Intergenerational Program				359			97		262
A.I.M Conservation
A.I.M Collection Care Grant				2,500	2,500		5,546		(546)
Access Reach
Brockmerits				2,165					2,165
Volunteer Uniforms				2,000					2,000
Website				2,500					2,500
Splash Project				1,703	500		1,211		992
CRF 1 - Arts Council Emergency		Fund		187369	21,879		96,437	(13,485)	99,326
CRF2 - Arts Council Emergency		Fund			96,115		66,214		29,901
Heritage Ability Grant				8180			1,472		6,708
NL Heritage Community	Fund			30409			26,864		3,545
NL Heritage Emergency				3317			583		2,734
Arts Council ACE				7430			585		6,845
ICON Tillet					1,250		1,742	492
Petroc Rural Skills Training					16,000		16,299		(299)
Leche Trust					3,580		3,134		446
Post Code Lottery					20,000		1,825		18,175
				403,742	161,824		223,015	(12,993)	329,558
				Balance					Balance
				31.12.19	~tncomin	~Out	oin	Transfers	31.12.20
Water wheel				1,256					1,256
Land East and West ofColdharbour			Mill
(fixed asset)				40,254					40,254
HLF -Fit for the Future (fixed asset)				42,423			942		41,481
Fire Escape				72,883			64		72,819
Intergenerational Program				456			97		359
A.I.M Conservation				(229)	2,500			3,150	5,421
A.I.M Collection Care Grant					2,500				2,500
Access Reach
Brockmerits				2,165					2,165
Volunteer Uniforms				2,000					2,000
Website				2,500					2,500
Splash Project					5,000				5,000
CRF I —Arts Council Emergency		Fund			207,152		19,783		187,369
Heritage Ability Grant					10,000		1,820		8,180
NL Heritage Community	Fund				35,550		5,141		30,409
NL Heritage Emergency					38,600		35,283		3,317
Arts Council ACE					30,985		23,555		7,430
				163,708	332,287		86,685	3,150	412,460