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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||
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|||||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|
|||||||2021||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|
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||||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|
|||||Restricted|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|
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|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||
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|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|
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||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|
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|---|---|---|---|---|
|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|
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|0|e|draft|~Lon|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|
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|---|---|---|---|---|
|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|
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|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|
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