2021-03-31-accounts

nts
Legal and Administrative	Information
Trustee Directors' Report		2 —7
Independent Examiners	Report	8-9
Statement of Financial	Activities	10
Balance Sheet		11 - 12
Notes to the Financial Statements		13-20

L al an	Admlnls ratlve I	nf rmation	nf rmation
Chair		Mrs P Homeshaw
Deputy Chair		Mr T Field
Trustees		Mrs P Homeshaw
		Mr A Smith (Company		Secretary)
		Mr R Barfield
		Mr S Froud
		Mr E East
		Mr T Field
		Mr C E Robertson
		Mr S Forrester
		Miss E Hurry (appointed			14 April 2021)
Registered	Office	Wiveliscombe	House
		The Square
		Wiveliscombe
		TA4 2JT
Solicitors		Porter Dodson
		The Quad, Blackbrook			Park Avenue
		Taunton
		Somerset
		TA1 2PX
Bankers		National Westminster		Bank PLC
		12Fore Street
		Wellington
		Somerset
		TA21 BAL
		The Charity Bank Limited
		1 Fosse House
		182 High Street
		Tonbridge
		TN9 1BE
Accountants		Moore Scarrott Limited
		Calyx House
		South Road
		Taunton
		Somerset
		TA1 3DU

Statement of Financial	Activi les Includln	Activi les Includln	Activi les Includln	Activi les Includln	Income	Income	&	Ex	nditure	A count for the	A count for the	A count for the	Year
Ended 31 March 2021
		Unrestricted					Restricted				Total		Total
											2021		2020
											2		2
Incoming resources:		Note
Grants, donations and
legacies				45,229					500		45,729		16,103
Charitable activities				36,210				23,824			60,034		86,451
Other trading activities					950			2,990			3,940		6,136
Investments									440		440		591
Fund raising													1,389
Library income								14,780			14,780		10,210
TOTAL INCOMING
RESOURCES				~82389				~42	534		~124923	~120880
Resources expended:
Costs of raising funds									70		70		12,577
Charitable activities—
operational expenses								20,680			20,680		44,579
Charitable activities-
support costs				32,694				37,313			70,007		70,159
Expenses relating to
other trading activities					129						129		418
Library expenses								5,530			5,530		4,388
Professional fees and
charges					2,241			2,240			4,481		5,373
TOTAL RESOURCES
EXPENDED				~35064				6~5833			~100897	~1374 4
NET INCOMING /
(OUTGOING)				47,325				(23,299)			24,026	(16,614)
RESOURCES
Gains / (losses) on
investments					9,219						9,219		(3,280)
Transfers between funds		19	(25,000)					25,000
Total funds brought
forward				195,178					738		195,916	215,810
TOTAL FUNDS
CARRIED FORWARD
The statement of Financial		Activities	also		complies	with		the	requirements		for an	Income	and
Expenditure account under		the Companies		Act 2006.

Balance Shee as a 31	March 2	021
Company Registration	Number	04351175
			31 March	2021	31 March	2020
			Total		Total
		Note	2		2	F.
FIXEDASSETS
Tangible Assets Investments		10 11	31,381 56299		41,934 47080
				87,680		89,014
CURRENT ASSETS
Stock			246		205
Debtors and Prepayments Cash at Bank and in Hand		12	16,927 133817		15,945 99921
			155,490		116,071
CREDITORS
Creditors falling due within one year		13	~1000		916
NET CURRENT ASSETS				145,481		106,902
Creditors falling due after one
year				(4,000)
TOTAL NET ASSETS				229,161		195,916
REPRESENTED BY:
General Fund				226,722		195,178
Restricted Funds:
Wivey Link			(12,633)		(5,084)
Festival
Street Market
Library			15,072	2,439	5,822	738
TOTAL CHARITY FUNDS		14		229,161		195,916

are charged o the year end.	r cr	edited to	the statement of	financial activities	based on the m	arket value
			Unrestricted	Restricted
			Funds	Funds	2021	2020
			2	2	2	2
2. Grants, donations		and
legacies
Grants received;
Street Market						400
Coronavirus	support		22,750		22,750
Job Retention		Scheme	7,071		7,071
Other			1,745		1,745
Donations			11,850	500	12,350	7,485
Legacy
Sponsorship:
Rotary			500		500	1,000
Jim Laker	Fund					500
Tax recovered			1,313		1,313	596
10Parishes	Festival					6,122
			45 229	500	45 129	16103

		Unrestricted	Restricted
		Funds	Funds	2021	2020
		L'	2	2	2
3.	Charitable activities
	SLA Fees - Taunton
	Deane Borough Council	29,710		29,710	29,710
	SLA Fees- Wivey Town
	Coundl	6,500		6,500	6,500
	Fares		20,312	20,312	41,504
	Registration fees		3,512	3,512	6,417
	Street Market				2,320
		36210	23824	60 034	86451
4.	Costs of raising	Unrestricted	Restricted
	funds	Funds	Funds	2021	2020
		2	2	2	L'
	Sundry				505
	10Parishes Festival				11,987
	Fundraising		70	70	85
			70	70	12577
5. Charitable activities		Unrestricted	Restricted
	—operational	Funds	Funds	2021	2020
	expenses	2	2	2	2
	~Wiv 002
	Vehicle running costs		10,106	10,106	29,688
	Vehicle insurance		2,878	2,878	3,949
	Vehicle depreciation		9,946	9,946	10,912
	(Profit) ILoss on
	disposal of vehicles		(2,250)	(2,250)
	Tenants travel costs
	Training				30
			20680	20 680	44519

			Unrestricted	Restricted
			Funds	Funds	2021	2020
			2	2	2	2
6.	Charitable
	actlvltles-
	support costs
	Street Market	Actual				3,077
	Staff costs (see
	note 8)	Actual	22,079	23,850	45,929	44,021
	Rent and rates	50/50	4,200	4,200	8,400	6,000
	Insurances	40/60	1,080	1,621	2,701	2,995
	Property maintenance	50/50	1,120	1,'I 19	2,239	1,353
	Light, heat and
	water	50/50	758	759	1,517	2,391
	Printing, postage and stationery	50/50	765	766	1,531	2,350
	Telephone	25/75	952	2,856	3,808	3,179
	Computer costs	40/60	1,008	1,512	2,520	1,646
	Sundry	50/50	310	310	620	1,663
	Office depreciation	50/50	304	303	607	854
	Advertising	Actual	100		100	250
	Cleaning	50/50	18	17	35	380
			32594	37313	70007	70 159
			Unrestricted	Restricted
			Funds	Funds	2021	2020
			2	2	2	2
7.	Library
Income
Grant income —Town		Council		4,000	4,000	4,000
Grant income —Parish		Council		100	100	1,238
Grant income —Coronavirus				10,000	10,000
Donations				500	500	2,684
Overdue charges				166	166	1,966
Other income				14	14	322
				14780	14780	10210
~Esss
Repairs				971	971	696
Light, heat and water				1,378	1,378	1,173
Telephone				355	355	642
Cleaning				1,287	1,287	1,820
Legal and professional		fees		1,520	1,520
Bank charges				19	19	57
				5 530	5530	4388

					Unrestricted	Unrestricted		Restricted	Restricted
						Funds			Funds	2021		2020
							2		2		2	2
8. Professional	fees
and charges
Accountancy Independent Examiners Bookkeeping fees Other professional fees Bank charges			50/50 50/50 50/50 50/50 50/50			84 820 1,294 43			84 819 1,294 43	168 1,639 2,588 86		871 1,590 2,684 120 108
						2 24t			2,240	4	481	5 373
9. Staff costs
Salaries and wages										45,407		43,561
Recruitment costs
Staff pensions											522
										45	929	44 921
										2021		2020
										No.		No.
The average number		of	employees		was
None of the trustee		directors		received any remuneration					during the	period.
Travel and meeting		expenses		reimbursed		were	ANIL	(2020:ANIL).
					Motor				Office
				Vehicles					Equipment			Total
					2				2			2
10. Tangible Fixed
Assets
Cost at 1 April 2020				106,336					18,254			124,590
Additions
Disposals at cost				(25,055)								(25,055)
Cost at 31 March	2321				81 281				18254			99,535
Depreciation
As at 1 April 2020					66,553				16,103			82,656
For the year					9,946				607			10,553
Eliminated on disposal				(25,055)								(25,055)
As at 31 March 2021					51 444				16,710			38 154

Net book value as at	Net book value as at	31
March 2021			29	837	1 544	31 381
Net book value	as at 31
March 2020			39,783		2,151	41,934
11.Investments					2021	2020
Investment Portfolio					56299	47080
					Fair Value	Total
					2
Cost or valuation
At 1 April 2020					47,080	47,080
Additions
Change in fair	value				9,219	9,219
At 31 March 2021					%299	56229
All investment	assets	are held	in funds based		in the UK. The funds invest a proportion	in to
overseas assets. Listed investments				are stated at market value.
					2021	2020
12. Debtors
Trade debtors					1,570	377
Other debtors and prepayments					12,457	13,568
					14027	13945
Falling due after more		than one year		(other
debtors)					2900	2 DDD
					2021	2020
					P.
13. Creditors	and accruals
Trade creditors					822	1,802
Accruals and deferred		income			1,700	1,630
Other creditors					7,487	5,737
					10009	9159
							18

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