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|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|||||
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|||||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|
##
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||||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|
##
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|||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|
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|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|
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||||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|
##
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|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|
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|||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|||
##
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|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|
##
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|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|
##
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||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|
##
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##
|||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|
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