**REGISTERED COMPANY NUMBER: 06679532 (England and Wales) REGISTERED CHARITY NUMBER: 1126509**
## REPORT OF THE TRUSTEES AND
## UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
## FOR
## GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
Barretts
Chartered Accountants & Chartered Tax Advisers
22 Union Street Newton Abbot Devon TQ12 2JS
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020
|||Page||
|---|---|---|---|
|Chairman's Report||1||
|Report of the Trustees|2|to|4|
|Independent Examiner's Report||5||
|Statement of Financial Activities||6||
|Balance Sheet|7|to|8|
|Notes to the Financial Statements|9|to|14|
|Detailed Statement of Financial Activities|15|to|16|
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## CHAIRMAN'S REPORT
## for the Year Ended 31 December 2020
This year has been dominated by the Coronavirus and the implications for Grenville House as a provider of residential Outdoor Educational experiences. Previously Peter Busby had steered us successfully through the past six years but nothing was to prepare us for the situation ahead in 2020.We were facing a lockdown in our own homes, children were unable to attend school, parents became teachers, and teachers taught lessons on line. World-wide, people found themselves in a far from normal situation and became very afraid. As our clients are largely schools we were challenged by a situation where children were unable to attend. Centres closed, some permanently, whilst others face an uncertain future.
We have survived, and although we still do not know the rules of the game, we are as prepared as we can be for whatever the outcome. I believe we are in this position for a number of reasons. Firstly. both Kurt and Athina have kept us abreast of the changing situation we found ourselves in and we have been able to plan accordingly. The staff too have been kept up to date regarding their situation and changing terms of employment and they welcomed being kept informed. We have been able to take advantage of the Furlough Schemes, Job Creation, and various grants from Torbay Council. We received grants from the Lions and Rotary Club which have also helped. Our portfolio has enabled us to transfer monies to cover any shortfall and we have attracted non-residential family and local groups during holiday periods and even accommodated the filming of a TV programme during a weekend.
We are still facing various legal claims for cancelled visits. Where possible we have negotiated, with schools and youth groups and either refunded where appropriate, but frequently the bookings have been negotiated for later in the year or for the following year. Thanks to Anthony Prowse for his legal advice and to Kurt for his negotiating skills. People ‘seem to like coming to Grenville House’ and generally have been very amenable.
Although it might be outside the period of this report I feel I ought to mention Athina’s passing. Her death has shocked us all. It was unexpected and sudden and is still affecting us all in different ways. We will acknowledge her legacy and will take the opportunity to make some changes to ensure that Grenville House is equipped and ready to creatively provide learning opportunities for young people.
Richard Dyke May 2021
Page 1
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## REPORT OF THE TRUSTEES
## for the Year Ended 31 December 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
During 2008, Grenville House Outdoor Education Centre went through the process of becoming a Limited Company as well as a Charity and from 1st January 2009 began to operate under a new scheme. The public benefit of the Charity is achieved by carrying out its Objects, which are as follows:
1. To promote the education of children and young persons (including without prejudice to the generality of the foregoing education in nautical skills, environmental studies and history): and
2. To provide in the interest of social welfare facilities for recreational and other leisure time occupation for children and young persons who by reason of their youth or social and economic circumstances are in need of such facilities with the object of improving the conditions of life for such children and young persons, and
3. To promote the religious and other charitable work of the Church of England in the Diocese of Exeter. We provide the facilities and activities to enable groups, mainly from the South West, but also further afield, to be able to participate in activities and education that may not otherwise be available to them. The Directors have had regard to the guidance given by the Charity Commission on public benefit.
## **Significant activities**
The activities for the year were, as disclosed in the chair's report, significantly curtailed because of the Covid-19 pandemic.
## **FINANCIAL REVIEW**
## **Financial results and Reserves policy**
The Charity holds money in various bank accounts in liquid form as their reserves. These reserve funds are held at a level to cover the working capital requirements of the Charity on an ongoing basis and to provide for future maintenance and repairs. At the end of the financial year, the free reserves were £168,941 compared to £99,645 in the previous year. The Charity's portfolio of stocks and shares are held in order to provide income to enable the Charity to carry out its purposes year by year, and capital growth to provide for future needs. Stockbrokers Quilter have been re- appointed to manage the Charity's investment portfolio. An annual presentation is given by an Executive Director of the company to the Trustees to review the portfolio's performance, and quarterly valuation statements are received which enable the Trustees to see the movement throughout the year. The Trustees have taken a long term view with regard to the investments and continue to have confidence in the way Quilter manage the portfolio. The dividend income fell from £18,261 to £12,686.The value of the portfolio decreased by £123,466 as funds were withdrawn to cover running costs during the year. The dividends continue to contribute towards the ongoing expenses of running the Charity. Any shortfall is met from the Charity's liquid assets i.e. cash held in the bank accounts.
The investment property generated £8,117 income net of maintenance, service charges and agent's fees. Its value increased slightly from £298K to £317k in the year.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Grenville House was originally known as the British Seamen's Boys' Home and was built in Brixham in 1863 as part of the Torbay and Dartmouth Mission to Seamen with the object of providing for the sons of deceased British seamen. It was established by a Conveyance and Trust Deed dated 22nd March 1887, which had as its Objects:
"The lodging, feeding, clothing and educating in the faith and principles of the Church of England, as now established by law, the sons of deceased British seamen."
The Home operated as an orphanage from 1863 to 1988 when it closed for two years and then reopened as an Outdoor Education Centre for young persons, with amended Charity Objects, but with the same values as the original concept of helping young people prepare for life and to enhance their social and personal development. This was through using the Centre's facilities and sensitive use of the outdoor environment. The present name of the Charity was changed from the British Seamen's Boys' Home in the Central Register of Charities of the Charity Commission in March 2007.
Page 2
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## REPORT OF THE TRUSTEES
## for the Year Ended 31 December 2020
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure**
The Charity went through the process of incorporation during 2008, and from 1st January 2009 started to operate as a Charitable Company.
There is a Management Committee comprising nine Directors/Trustees at the end of the year. The role of the Trustees is:-
i) To direct the manner in which the Charity operates to meet the objects of the Trust.
ii) To oversee the safe keeping and administration of investments and assets. iii) To oversee the safe keeping of all monies held on behalf of the Charity.
iv) To receive and administer all extraordinary income (legacies, grants and large donations).
v) To provide charitable financial support for approved operations to meet capital expenditure and operating budget needs.
The Committee meetings are currently held in January, March, April (AGM), June, September and November. If required, additional meetings can be called at any point in the year.
The role of the Management Committee is:-
The Committee implement the policies that are established by the Trustees, in support of the Objects of the Charity. It acts in the role of General Manager of those operations supported by the Charity.
The Chairman of the Management Committee for 2019 was Peter Busby. The post of Chair is available for change on an annual basis.
## **Risk management**
The Directors have identified the major risks to which the Charity is exposed and measures have been put in place to lessen the effect of these, whether they are financial or operational. Policy Statements covering the systems and methods adopted to manage all major areas of risk have been produced and are updated as and when necessary and the risks are regularly reviewed in order to minimise the impact to the Charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
06679532 (England and Wales)
## **Registered Charity number**
1126509
## **Registered office**
Grenville House Berry Head Road Brixham Devon TQ5 9AF
## **Trustees**
P M Busby R L Dyke Chair Rev E J Perry A B Prowse G Brown Mrs A Dyke Mrs C L Lawrence M Rogers S James (resigned 31.3.21) F J Sobey (appointed 14.6.21)
Page 3
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## REPORT OF THE TRUSTEES
for the Year Ended 31 December 2020
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
Approved by order of the board of trustees on 13 September 2021 and signed on its behalf by:
R L Dyke - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## **Independent examiner's report to the trustees of Grenville House Outdoor Education Centre ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA FCIE which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
15 September 2021
Page 5
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## STATEMENT OF FINANCIAL ACTIVITIES
## (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 December 2020
|Notes
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Grenville House services
Investment income
2
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Grenville House services
Net gains/(losses) on
investments
**NET**
**INCOME/(EXPENDITURE)**
**Transfers between funds**
13
**Net movement in funds**
**RECONCILIATION OF**
**FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
funds
£
**3,550**
**83,755**
**14,011**
**143,127**
**244,443**
**322,149**
**38,296**
**(39,410)**
**6,831**
**(32,579)**
**2,002,333**
**1,969,754**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|Endowment
fund
£
**-**
**-**
**6,894**
**-**
**6,894**
**-**
**(10,703)**
**(3,809)**
**(6,831)**
**(10,640)**
**331,181**
**320,541**|**2020**
**Total**
**funds**
**£**
**3,550**
**83,755**
**20,905**
**143,127**
**251,337**
**322,149**
**27,593**
**(43,219)**
**-**
**(43,219)**
**2,333,514**
**2,290,295**|2019
Total
funds
£
-|
|---|---|---|---|---|---|
|||||||
||||||379,452|
||||||24,647|
||||||-|
|||||||
||||||404,099|
|||||||
||||||435,351|
||||||83,591|
||||||52,339|
||||||-|
|||||||
||||||52,339|
||||||2,281,175|
|||||||
|||||||
||||||2,333,514|
|||||||
The notes form part of these financial statements
Page 6
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## BALANCE SHEET
## 31 December 2020
|Notes
**FIXED ASSETS**
Tangible assets
7
**Investments**
Investments
8
Investment property
9
**CURRENT ASSETS**
Stocks
10
Debtors
11
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one
year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
Endowment funds
**TOTAL FUNDS**|Unrestricted
funds
£
**1,214,351**
**271,134**
**317,536**
**1,803,021**
**1,528**
**22,498**
**284,239**
**308,265**
**(141,532)**
**166,733**
**1,969,754**
**1,969,754**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|Endowment
fund
£
**-**
**318,333**
**-**
**318,333**
**-**
**-**
**2,208**
**2,208**
**-**
**2,208**
**320,541**
**320,541**|**2020**
**Total**
**funds**
**£**
**1,214,351**
**589,467**
**317,536**
**2,121,354**
**1,528**
**22,498**
**286,447**
**310,473**
**(141,532)**
**168,941**
**2,290,295**
**2,290,295**
**1,969,754**
**320,541**
**2,290,295**|2019
Total
funds
£
1,222,522
712,933
298,414|
|---|---|---|---|---|---|
||||||2,233,869|
||||||1,196
15,533
196,676|
||||||213,405|
||||||(113,760)
99,645
2,333,514|
||||||2,333,514|
||||||2,002,333
331,181
2,333,514|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## BALANCE SHEET - continued
## 31 December 2020
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 September 2021 and were signed on its behalf by:
R L Dyke - Trustee
The notes form part of these financial statements
Page 8
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment & boats - Straight line over 7 years Computer Equipment - Straight line over 3 years Mini bus - straight line at 15% per annum
## **Investment property**
Investment property is shown at its market value at the year end. Any surplus or deficit on revaluation is shown in the Statement of Financial Activities.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
## **2. INVESTMENT INCOME**
|Rents received
Other fixed asset invest
Deposit account interest
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**2020**
**£**
**8,117**
**12,686**
**102**
**20,905**
**2020**
**£**
**12,522**|2019|
|---|---|---|
|||£|
|||6,056|
|||18,261
330|
|||24,647|
||||
|||2019|
|||£
16,066|
## **3. NET INCOME/(EXPENDITURE)**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Educational/ support
Administration
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Grenville House services
379,452
Investment income
15,826
**Total**
395,278
**EXPENDITURE ON**
**Charitable activities**
Grenville House services
435,351|**2020**
**-**
**-**
**-**
**ACTIVITIES FOR DECEMBER**
Restricted
Endowment
fund
fund
£
£
-
-
-
8,821
-
8,821
-
-|**2020**
**-**
**-**
**-**
**ACTIVITIES FOR DECEMBER**
Restricted
Endowment
fund
fund
£
£
-
-
-
8,821
-
8,821
-
-|2019|
|---|---|---|---|
||||12
1
13|
||||**2019**|
||||Total
funds
£|
||||379,452|
||||24,647|
|||||
||||404,099|
|||||
||||435,351|
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR DECEMBER 2019**
continued...
Page 10
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR DECEMBER 2019 - continued**
|Net gains on investments
**NET INCOME**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2020
Additions
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019||Unrestricted
funds
£
53,765
13,692
8,866
22,558
1,979,775
2,002,333
Freehold
property
£
**1,195,555**
**500**
**1,196,055**
**-**
**-**
**-**
**1,196,055**||Restricted
fund
£
-
-
-
-
-
-
Fixtures
and
fittings
£
**187,331**
**3,851**
**191,182**
**160,364**
**12,522**
**172,886**
**18,296**||Endowment
fund
£
29,826
38,647
(8,866)
29,781
301,400
331,181
Motor
vehicles
£
**8,539**
**-**
**8,539**
**8,539**
**-**
**8,539**
**-**||Total
funds
£|
|---|---|---|---|---|---|---|---|---|
|||||||||83,591|
|||||||||52,339|
|||||||||-|
||||||||||
|||||||||52,339|
|||||||||2,281,175|
||||||||||
||||||||||
|||||||||2,333,514|
||||||||||
|||||||||Totals
£
**1,391,425**
**4,351**
**1,395,776**
**168,903**
**12,522**
**181,425**
**1,214,351**|
||||||||||
||||||||||
||||||||||
||||||||||
||||||||||
|||1,195,555||26,967||-||1,222,522|
||||||||||
continued...
Page 11
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
|**8.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 January 2020
Additions
Disposals
Revaluations
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019
There were no investment assets outside the UK.
**9.**
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 January 2020
Revaluation
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019
**10.**
**STOCKS**
Stocks
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors|Listed
investments
£
**712,933**
**75,948**
**(213,524)**
**14,110**
**589,467**
**589,467**
712,933
**£**
**298,414**
**19,122**
**317,536**
**317,536**
298,414
**2020**
2019
**£**
£
**1,528**
1,196
**2020**
2019
**£**
£
**2,269**
6,844
**20,229**
8,689
**22,498**
15,533|
|---|---|
continued...
Page 12
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Payments on account
Trade creditors
Social security and other taxes
Other creditors
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Endowment funds**
Endowment
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General fund
**Endowment funds**
Endowment
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Endowment funds**
Endowment
**TOTAL FUNDS**|At 1.1.20
£
**2,002,333**
**331,181**
**2,333,514**
as follows:
Incoming
resources
£
**244,443**
**6,894**
**251,337**
At 1.1.19
£
1,979,775
301,400
2,281,175||Net
movement
in funds
£
**(39,410)**
**(3,809)**
**(43,219)**
Resources
expended
£
**(322,149)**
**-**
**(322,149)**
Net
movement
in funds
£
13,692
38,647
52,339||**2020**
**£**
**131,026**
**5,903**
**3,478**
**1,125**
**141,532**
Transfers
between
funds
£
**6,831**
**(6,831)**
**-**
Gains and
losses
£
**38,296**
**(10,703)**
**27,593**
Transfers
between
funds
£
8,866
(8,866)
-||2019
£|
|---|---|---|---|---|---|---|---|
||||||||100,891|
||||||||5,592
5,077
2,200
113,760|
|||||||At
31.12.20
£
**1,969,754**
**320,541**
**2,290,295**
Movement
in funds
£
**(39,410)**
**(3,809)**
**(43,219)**
At
31.12.19
£
2,002,333
331,181
2,333,514||
|||||||||
|||||||||
|||||||||
## **13. MOVEMENT IN FUNDS**
continued...
Page 13
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
## **13. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Endowment funds**
Endowment
**TOTAL FUNDS**|Incoming
resources
£
395,278
8,821
404,099|Resources
expended
£
(435,351)
-
(435,351)|Gains and
Movement
losses
in funds
£
£
53,765
13,692
29,826
38,647
83,591
52,339|
|---|---|---|---|
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2020.
Page 14
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Rents received
Other fixed asset invest
Deposit account interest
**Charitable activities**
Grenville House services
Sundry income
**Other income**
Covid 19 support
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Insurance
Light, heat & water
Rates
Administration
General operating costs
Boats - operation & repair
Land activities
Mini-bus
Staff training
Staff expenses
Catering
Site & building maintenance
Merchandise
Depreciation of tangible fixed assets
**Support costs**
**Governance costs**
Wages
Carried forward|2020
£
**3,550**
**8,117**
**12,686**
**102**
**20,905**
**80,877**
**2,878**
**83,755**
**143,127**
**251,337**
**193,906**
**9,266**
**3,303**
**15,066**
**11,279**
**174**
**9,101**
**198**
**1,482**
**333**
**827**
**606**
**119**
**3,883**
**8,606**
**80**
**12,522**
**270,751**
**27,706**
**27,706**|2019
£
-
6,056
18,261
330|
|---|---|---|
|||24,647
379,452
-|
|||379,452
-|
|||404,099
230,903
13,525
3,395
13,934
21,802
1,735
10,670
7,437
5,737
1,605
2,978
1,171
59
29,328
20,455
836
16,066|
|||381,636
27,036
27,036|
This page does not form part of the statutory financial statements
Page 15
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020
|**Governance costs**
Brought forward
Social security
Pensions
Accountancy fees
Legal & professional fees
General expenses & marketing
Discounts & sponsorship
Total resources expended
**Net expenditure**|2020
£
**27,706**
**2,117**
**645**
**1,046**
**14,766**
**5,118**
**-**
**51,398**
**322,149**
**(70,812)**|2019
£
27,036
2,247
579
803
12,543
4,974
5,533
53,715
435,351
(31,252)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16