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2021-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to 5
Independent Examiner's	Report
Statement ofFinancial	Activities	7to8
Balance Sheet		9to 10
Notes to the Financial	Statements	11to 23

			Bridport Ar	Bridport Ar	Bridport Ar	ea Development	ea Development	Trust
			Reference and			Administrative		Details
Trustees				JA West
				SJ West
				TD0Ware, Chairman
				D Lee
				SCarney
				P Culpin
Registered		Office		LSI
				51East Street
				Bridport
				Dorset
				DT6 3JX
Company	Registration		Number	06864923
Charity Registration			Number	1137231
Bankers				TSBBank		pic
				Bridport
				9West Street
				Bridport
				Dorset
				DT63QL
				Unity Trust Bank
				Customer	Services Centre
				Nine Brindleyplace
				Birmingham
				B1 2HB
Independent		Examiner		Scott Vevers Ltd
				Chartered		Accountants
				and Registered			Auditors
				65East Street
				Bridport
				Dorset
				DT6 3LB
Accountants				Scott Vevers Ltd
				Chartered		Accountants
				and Registered			Auditors
				65East Street
				Bridport
				Dorset
				DT6 3LB

				and Losse	s}
							Total
				Unrestricted	Restricted	Endowment	2021
			Note
Income and Endowments			from:
Donations and grants				6,933	78,671		85,604
Investment income				687			687
Other income including		trading
income				19,342			19,342
Total Income				26,962	78,671		105,633
Expenditure on:
Costs ofgenerating	funds			(1,880)			(1,880)
Charitable activities				(4,745)	(86,871}		(91,616)
Total Expenditure				(6,625)	(86,871)		(93,496)
Net income/(expenditure)				20,337	(8,200)		12,137
Transfers between	funds			(23,115}	20,449	2,666
Net movement in funds				(2,778)	12,249	2,666	12,137
Reconciliation offunds
Total funds brought	forward			4,719	126,324	2,748,013	2„879,056
Total funds carried	forward		17	1,941	138,573	2,750,679	2,891,193

			and Losse	s)
						Total
			Unrestricted	Restricted	Endowment	2020
		Note
Income and Endowments		from:
Donations and grants		3	17,829	105,962		123,791
Investment income		4	1,332			1,332
Other income		5	55,538			55,538
Total Income			74,699	105,962		180,661
Expenditure on:
Raising funds			(15,582)			(15,582)
Charitable activities			(8,412)	(135,323)		(143,735)
Total Expenditure			(23,994)	(135,323)		(159,317}
Net income/(expenditure)			50,705	(29,361)		21,344
Transfers between	funds		(24,999}	24,999
Other recognised	gains and
losses
Other gains/losses			(22,553)			(22,553)
Net movement in funds			3,153	(4,362)		(1,209)
Reconciliation offunds
Total funds brought	forward		1,566	130,686	2,748,013	2,880,265
Total funds carried	forward	17	4,719	126,324	2,748,013	2,879,056

		Balan	ce Sheet as at	31March 2021
					2021	2020
				Note
Fixed assets
Tangible assets				11	39,614	51,592
Heritage assets				12	2,750,679	2,748,013
Investments				13	1	1
					2,790,294	2,799,606
Current assets
Debtors				14	7,047	3,743
Cash at bank and in hand				15	144,768	147,858
					151,815	151,601
Creditors: Amounts		falling due within	one year	16	(50,916}	(72,151}
Net current assets					100,899	79,450
Net assets					2,891,193	2,879,056
Funds ofthe charity:
Endowment					2,750,679	2,748,013
Restricted					138,573	126„324
Unrestricted	funds				1,941	4,719
Total funds				17	2,891,193	2,879,056

3 Income from	donations and legacies
		Unrestricted
		funds	Restricted	Total
		General	funds	funds
Grants, including	capital grants;
Grants from other charities		6,933	78,671	85,604
Total for 2021		6,933	78,671	85,604
Total for 2020		17,829	105,962	123,791

			Unrestricted
			funds	Restricted	Total
			General	funds	funds
Interest receivable	and similar income;
Interest receivable		on bank deposits	687		687
Total for 2021			687		687
Total for 2020			1,332		1,332

5 Other income including trading i	ncome
	Unrestricted
	funds	Restricted	Total
	General	funds	funds
Rental income	16,797		16,797
Merchandise sales	2,545		2,545
Total for 2021	19,342		19,342
Total for 2020	55,538		55,538

6 Expend	iture on generating funds
		2021	2020
Direct expenses		304	5,004
Promotion	and advertising	1,576	10,578
		1,880	15,582

Net outgoing resources	Net outgoing resources	for the year	include:	Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
Direct costs							235
Hire ofequipment					800	800	500
Buildings insurance					4,685	4,685	4,612
Wages and salaries					16,667	16,667	46,749
Staffpensions (defined		contributions}			194	194	742
Stafftraining					160	160	161
Travel costs				62		62	299
Utilities					4,433	4,433	14,198
Telephone costs					8,456	8,456	9,579
Printing, postage and stationery				39	834	873	1,937
Project costs					5,050	5,050	11,308
HLF Resilience costs					16,933	16,933	6,627
Promotion and advertising					1,646	1,646	1,036
Sundry expenses				113	60	173	1,262
Covid-19 expenditure					7,174	7,174
Audit and accountancy				3,669		3,669	4,587
Trustees' indemnity	insurance			507		507	564
Legal and professional		fees		35	6,313	6,348	14,173
Bank charges				320	35	355	932
Depreciation					11,978	11,978	11,012
Cleaning					1,453	1,453	9,151
Repairs, renewals	and	maintenance	costs				4,071
Total				4,745	86,871	91,616	143,735

		2021	2020
Staff costs during	the year were:
Wages and salaries		16,667	46,749
Pension costs		194	742
		16,861	47,491

the year	was as f	ollows:
						2021	2020
						No	No
Average	number	ofemployees,	per	head	count

11 Tangible fixed assets
	Furniture and	Computer
	equipment	equipment	Total
Cost
At 1 April 2020	55,533	21,948	77,481
At 31March 2021	55,533	21,948	77,481
Depreciation
At 1 April 2020	8,792	17,097	25,889
Charge for the year	8,202	3,776	11,978
At 31March 2021	16,994	20,873	37,867
Net book value
At 31March 2021	38,539	1,075	39,614
At 31March 2020	46,741	4,851	51,592

12 Heritage assets
	West Bay	Literary &,
	Methodist	Scientific
	Chapel	Institute	Total
Cost
At 1 April 2020	148,731	2,599,282	2,748,013
Additions		2,666	2,666
At 31March 2021	148,731	2,601,948	2,750,679
Depreciation
At 31March 2021
Net book value
At 31March 2021	148,731	2,601,948	2,750,679

Summary oftransactions	Summary oftransactions
		2021	2020	2019	2018	2017
Development costs
capitalised
Literary &Scientific	Institute	2,666		100	1,430,954	851,281
West Bay Methodist	Chapel			124,083	29,304
Total additions		2,666		124,183	1,460,258	851,281

13 Fixed asset investments
Shares held in LSIAlembic	Limited,	subsidiary
Shares in Subsidiary
Cost
At 1 April 2020
At 31March 2021
Net book value
At 31March 2021
At 31March 2020

2021	2020
Subsidiary
undertakings	Total
2021	2020
1,764	1,666
2,320
2,963	2,077
7,047	3,743

								2021	2021	2020
Cash on hand									115	107
Cash at bank								144,653		147,751
								144,768		147,858
16 Creditors:		amounts	falling due within	one year
								2021		2020
Other loans									37,400	37,400
Other taxation		and social	security							508
Other creditors									10,518	12,161
Accruals									2,998	22,082
									50,916	72,151
17 Funds
										Balance at
			Balance at 1		Incoming	Resources				31 March
			April 2020		resources	expended		Transfers		2021
Unrestricted		funds
General			4,719		26,962		(6,625)		(23,115)	1,941
Restricted	funds		126,324		78,671		(86,871)		20,449	138,573
Endowment		funds
Expendable			2,748,013		2,666					2,750,679
Total funds			2,879,056		108,299		(93,496)		(2,666)	2,891,193
			Balance at						Other	Balance at
			1April		Incoming	Resources			recognised	31March
			2019		resources	expended	Transfers		gains/(losses)	2020
Unrestricted		funds
General			1,566		74,699	(23,994)		(24,999)	(22,553)	4,719
Restricted	funds		130,686		105,962	(135,323)		24,999		126,324
Endowment		funds
Expendable			2,748,013							2,748,013
Total funds			2,880,265		180,661	(159,317)			(22,553)	2,879,056

	Balance at 1 April 2020	Incoming resources	Resources expended	Transfers	Balance at31 March 2021
The Bridport Literary and Scientific Institute	19,484	53,865	(34,978)	13,307	51,678
LSI:Resilience	36,472		(16,933)		19,539
LSI:Historic England	16,950		(16,950)
The West Bay Methodist Chapel	53,418	24,806	(18,010)	7,142	67,356
Total restricted funds	126,324	78,671	(86,871)	20,449	138,573

		Unrestricted		Endowment	Total funds at
		funds	Restricted	funds	31March
		General	funds	Expendable	2021
Tangible	fixed assets		39,614		39,614
Heritage	assets			2,750,679	2,750,679
Fixed asset investments		1			1
Current	assets	39,340	112,475		151,815
Current	liabilities	(37,400)	(13,516)		(50,916)
Total net assets		1,941	138,573	2,750,679	2,891,193