## **The Trustees' Annual Report** ## **and** **Directors’ Report** ## **Buckland Chapel Trust** **(A Company limited by guarantee) Report and Financial Statements For the Year Ended 31 May 2021 Charity number 1142312 Company number 07642092** ## **Contents** **1. Reference, Legal and Administrative Information** **2. Structure, Governance and Management** **3. Responsibilities of the Trustees** **4. Our objectives** **5. Report of the Trustees** **6. Risk Management** **7. Related Parties** **8. Financial Review** **9. Reserves Policy** **10. Independent Examiner's Report** 2 ## **1. Reference, Legal and Administrative Information** Charity name: Buckland Chapel Trust Charity registration number: 1142312 Company registration number: 07642092 Registered and operational address: C/o Roger Watkins, Bay Tree House, The Crescent, Crapstone Yelverton, Devon PL20 7PS ## **Charity Trustees** Mrs C.E. Mitchell (Chair) Mrs S. Campbell (Secretary) Mr R. Watkins Mrs N. Bovey Mr. Richard Mabey (Treasurer) ## **Company Directors** Mrs C.E. Mitchell (Chair) Mrs S. Campbell Mr R. Watkins Mrs N. Bovey Mr. Richard Mabey (Treasurer) ## **The Members** Mr Philip Tuckett Mrs Denise Nixon The Parochial Church Council of St Andrews Church Buckland Monachorum (one member) represented by Dr Mark Smith Mrs Annette Benny Dr. Rachel Perry Mrs Bronia Coulshaw 2 ## **Independent Examiner** Moorland Business Advisory Services, 28 Glanville Road, Tavistock, Devon, PL19 OEB ## **Bankers** Lloyds Bank, PO Box 800 Tredegar Park, Newport, South Wales NP10 8SB ## **Solicitors** Foot Anstey LLP, Salt Quay House, 4 North East Quay, Sutton Harbour, Plymouth, PL4 0BN ## **2. Structure, Governance and Management** ## Governing Document. The organization is a charitable company limited by guarantee, incorporated on 20 May 2011 and registered as a charity on 8 June 2011. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. ## Recruitment and Appointment of Trustees. Under Article 9.9 the Trustees are appointed by the Members of BCT. They have control of BCT and its property and funds. They are also the Company Directors as registered at Companies House. Under the requirements of the Memorandum and Articles of Association one third of the trustees must retire each year and if eligible may be reappointed. By Article 3.4, new Trustees are required to sign a written declaration of willingness to act as trustee and a positive commitment to BCT objectives. On appointment and induction of new trustees, the Chair will provide the main documents which set out the operational framework for the charity including: - Memorandum and Articles. - The current financial position as set out in the latest published accounts. - Future plans and objectives. - Charity Commission publications giving guidance for new trustees. By Article 4.1, the Trustees are obliged to meet at least four times each year. ## **3. Responsibilities of the Trustees** The Trustees have control of the Charity, its property and funds. Company law requires the Trustees to prepare Financial Statements for each financial year. The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act. They must also; - Prepare a written report on the Charity’s activities - Keep records of those Trustees retiring or who wish to retire by rotation. - Appoint reporting accountants or auditors for the Charity The Trustees responsibilities are more fully set out in paragraphs 3-7 of the Memorandum and Articles of association. 2 ## **4. Responsibilities of the Members** The members are responsible for: Appointing Members Appointing Trustees Keeping written records of their own decisions The responsibilities of the members are more fully set out in articles 8-11 of the Memorandum and Articles of Association. ## **5. Purposes and Aims** Our charity’s purposes as set out in the objects contained in article 1.1 of the Memorandum and Articles of Association. These are: (a) To advance the Christian faith for the benefit of the public primarily (but without limitation) in Buckland Monachorum, Devon, and the surrounding area by such means as the trustees shall in their discretion think fit; (b) To promote for the benefit of the public and in particular (but without limitation) the inhabitants of Buckland Monachorum, Devon and the surrounding area by the provision and maintenance of a community building and/or other facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age or disablement, financial hardship or social or economic circumstances or for public at large in the interest of social welfare and with the object of improving the conditions of life of the said inhabitants, provided that any activities undertaken pursuant to this Article 1.1(b) shall be consistent with Article 1.1(a) ## **5. Report of the Chair of Trustees** The year has been substantially affected by the closure of activities associated with the Covid 19 Pandemic. Therefore, for most of the year the only public activity which has taken place has been the provision of the Buckland Cares Food Hub, providing a base for the provision of food to those most in need in the village as a result of loss of livelihood or income due to the Pandemic. We have also been able to host ballet classes during periods when lockdown has allowed this. This situation has created space for us to embark upon long awaited improvement projects to include: - Substantial improvements to the heating system to include a “Power Flush” and the installation of a remotely controlled system to control the heating and hot water. This will provide long term economy and prevent the heating being left on when not needed. - Installation of access facilities to include the levelling of the ground floor area and installation of an access ramp, new main entrance door and accessible toilet facilities on the ground floor. Redecoration throughout the affected areas. Carpet in the ground floor meeting room and the installation of an electric piano. - Restoration of rotting windows and refitting with double glazed units throughout. 2 - Removal of the old gas cooker and ventilation ducting, removal of the kitchen and redecoration of the “kitchen” wall. - An office has now been provided for the Parish Youth Worker. - A new website has been created and launched - Installation of fibre broadband - Restoration and repair to rainwater goods and general maintenance The Trustees have worked tirelessly to complete these projects with the help of those whom we would like thank, in particular Ken Farnham and Keith Topham without whose expertise and tireless assistance, none of the above would have been possible. We have also been assisted by a team of volunteers who have undertaken the decorating including Richard Mabey, Roger Watkins, Bob Barnes and Roy Matthews. Website The Chapel website has been shut down for 2 years, and with the help of Rachel Barnes and Cally Barnes we have now launched a brand-new website which is fit for purpose and has put the Chapel back on the virtual map. Behind the scenes. Amidst the visible work, much unseen work has been undertaken by the Trustees with the help of others with particular skill sets. These include: - Preparation for the installation of acoustic panels in the main hall. - Planning for a new kitchen more suited to the present requirements of Chapel users. These are both key projects which we plan to take forward into the new financial year. All of these projects are intended to ensure that the Chapel is fit for purpose and compliant with current legislation both now and in future years so that it can be fully utilised for the public benefit. The Trustees have also reviewed their own role and that of the Members and the formalities required by the Memorandum and Articles of Association. At the Trustees recommendation, the Members have appointed Dr. Rachel Perry and Mrs Annette Benny as new members. ## **6. Risk Management** The Trustees annually conduct a review of the major risks including fire and injury. The risk assessment register has been updated and an issues log created which is regularly reviewed and maintained. The electrics and fire doors and access has been reviewed and updated in line with the policy standards. Users are given clear guidance as to what they should do in case of an emergency and a landline telephone is available specifically for this use should an emergency arise and should a mobile signal not be established at the time. Policies and procedures are in place to ensure compliance with health 2 and safety of volunteers, clients and visitors to the chapel and an Accident Report register is in place for those with minor injuries to alert the Trustees, and for action to be taken by the Trustees to minimise potential hazards that may occur. It is considered that risks are as low as reasonably practicable. ## **7. Related Parties** BCT liaises with the Parochial Church Council of St Andrew’s Church, Buckland Monachorum, to provide a facility for the Church to use. We primarily liaise with “Buckland Cares” the community Group which operates the food hub. All donations to the Food Hub are processed by BCT in a restricted account ## **8. Financial Review** Our income has substantially increased this year from the following sources: - West Devon Borough Council - Grant funding for the Accessibility Project - Private donations and fund raising including a successful appeal within the local community - Donations from St Andrews Church PCC Our long-term loan liability has again been reduced by £2500 and now stands at £22500. A separate financial report is provided. We are indebted to Richard Mabey as our long serving Treasurer who has now decided to retire after 10 years continuous service. Richard has been instrumental in securing grant funding from: Allchurches Trust The Laing Family foundation Viscount Amery Trust Bernard Sunley Trust. Garfield Weston We are also indebted to Ken Farnham who secured a grant from the Federation of Master Builders for £18,000. Our Accountants, Moorland Business Advisory Services has also donated £900 representing her fee for the past 3 year. ## **9. Reserves Policy** We have maintained a reserve account of £6000 which represents more than 6 months of regular expenditure. The reserves are needed to meet the working capital requirements of the charity and the Management Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. In accordance with company law, as the company’s directors, we certify that so far as we are aware, there is no relevant information of which the company’s independent examiner is unaware; and as the Directors of the Company we have taken all the steps that we ought to have taken in 2 order to make ourselves aware of any relevant information and to establish that the charity’s independent examiner is aware of that information. ## **10. Independent Examiner’s Report** Moorland Business Advisory Services, 28 Glanville Road, Tavistock, Devon, PL19 OEB were reappointed as the charitable company’s independent examiner during the year and have expressed their willingness to continue in that capacity. This report has been prepared in accordance with the Charities (Accounts and Reports) Regulations 2008, in accordance with the provisions of Company Law. Approved by the Trustees on June 2021 and signed on its behalf by: ## **Caroline Mitchell Chair** ## **Buckland Chapel Trust** 2 Crynpany Rfjglstratl¢)n 117642092 (England and Vlal951 BUCKLAND CHAPEL TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021 PAGES FOR FILING WITH REGISTRAR BUCKLAND CHAPEL TRUST BALANCE SHEET ASAT31MAY2021 2020 Fixed assels 149.978 149.978 Current assets 28.573 22,173 Prepayments accrued ￿￿Ome 291 326 Cr8diliKs.' amounts laling due ￿lI￿n one year 13.842 13.9781 Nei cUrrenta￿t3 25.022 18.521 Tdal assets less curnent Ik8b"Ii 175.IXQ 168.499 Crediliys. arwunts llling due after rrwe one year 122.5CQI I25,C￿l Nel awts 152.xo 143.499 R888rves 152. 143.499 BUCKLAND CHAPEL TRUST BALANCE SHEET ICONTINUEDI ASAT31MAY2021 Notestoth• flnanclal statemonts pIoyo05 The av¥wJe nvmberofpe￿5 li￿￿￿ direct￿5) ernploye(I by 1he(x)mp￿Y ¢uring ￿ JEarwa5 012020. 01. Bucklan¢J Trvsi 15 a tthie company Ilmfte¢J ty guafamee lficrW￿3[ed In Enyan¢l and W*es. The regIs￿re￿ clfice 15 The Chapel, Sucki3nd ydvwt￿. Devon PL20 7LZ. N is aL%o a charity regkStered wth the Chardy Comm￿S1on. charily number 1142312. The directo￿ of Ihe corpany haye ekcted not to inchjka ccyl of the Pthltand Loss •lccwnl ihe financial ststements. For Ihe ytrar 31 May 2021 fv ¢t4nP•)y was un¢tr SeaN)n 477 oftre Compa)ies Act 2(￿6 relatyng to small comparmes. The directors ac*nowl8dg8 th￿r r8¥N)rtsibgJ"es ￿tty"n9 the requir&Thnls ￿ffi8 Companies Act 20D6 with spsctkn *o)unting r￿Id$ arvj th8 k¥eP8ra1i￿) offifianoal stakm*)ts. The rnember5 have not required the ￿K￿panY{0 otAaiD an aLKIit ￿ it5 finan(ial slatemEnL5 forlhe year in qu￿st￿n in 3ccordancewth secbon 476. Thèse siatèmÈnts hève been wepared in wth the mitrtrenbty and in aceordaN* wrth FRS 105 Fiii¥iici￿l SiwYtsi(t lo Ili& Re9[[￿. U¥liveTwJ in accDid3nLE wiiti Ili¥ piovisi¢ns sp￿iCaL4￿ ID compani￿ subJ"*t k) the ynai ¢(m)an* r8gqn*. The finanrial st3temetrts were apprDveAI by the tThrd of (*e(*{￿S and autkKpri5ed for ￿5￿2 on 3 February 2022 and are signed on its behaff by. Mrs C E Mithll Directtsr Company R￿tratIon Nunb8r07642092 This document was deliN'ered using electronic communications and authenticated in accordance Th'ith the Tegi%trdr's rule% relating to electronic form, dUthentlC*ltion and mdnner of delivery under 5ectioii 1072 of the Conipanies Act 2006. **Charity Registration No. 1142312** **Company Registration No. 07642092 (England and Wales)** ## **BUCKLAND CHAPEL TRUST** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MAY 2021** ## **BUCKLAND CHAPEL TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Mr R Watkins| |---|---| ||Mrs C E Mitchell| ||Mrs N J Bovey| ||Mrs S Campbell| |**Charity number**|1142312| |**Company number**|07642092| |**Registered office**|The Chapel| ||Buckland Monachorum| ||Yelverton| ||Devon| ||PL20 7LZ| |**Independent examiner**|Felicity Harris| ||28 Glanville Road| ||Tavistock| ||Devon| ||United Kingdom| ||PL19 0EB| |**Bankers**|Lloyds Bank plc| ||PO Box 800| ||Tedegar Park| ||Newport| ||South Wales| ||NP10 8SB| |**Solicitors**|Foot Anstey LLP| ||Salt Quay House| ||4 North East Quay| ||Sutton Harbour| ||Plymouth| ||Devon| ||PL4 0BN| ## **BUCKLAND CHAPEL TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|| |Independent examiner's report|1| |Statement of financial activities|2| |Balance sheet|3| |Notes to the financial statements|4 - 10| ## **BUCKLAND CHAPEL TRUST** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUCKLAND CHAPEL TRUST** I report to the trustees on my examination of the financial statements of Buckland Chapel Trust (the trust) for the year ended 31 May 2021. ## **Responsibilities and basis of report** As the trustees of the trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the trust 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 the trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** 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 that in any material respect: - 1 accounting records were not kept in respect of the trust as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 financial statements 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 financial statements to be reached. Felicity Harris BA (Hons), ACA, ATT Moorlands Business Advisory Services 28 Glanville Road Tavistock Devon PL19 0EB United Kingdom Dated: ......................... - 1 - ## **BUCKLAND CHAPEL TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MAY 2021**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**2**
12,509
38,747
Charitable activities
**3**
6,528
-
Investments
**4**
3
-
Other income
**5**
11,003
-
**Total income**
30,043
38,747
**Expenditure on:**
Raising funds
**6**
75
-
Charitable activities - Hall running costs, AWC,
Buckland cares
**7**
20,719
38,994
**Total resources expended**
20,794
38,994
**Net incoming/(outgoing) resources before**
**transfers**
9,249
(247)
Gross transfers between funds
(2,592)
2,592
**Net income for the year/**
**Net movement in funds**
6,657
2,345
Fund balances at 1 June 2020
143,499
-
**Fund balances at 31 May 2021**
150,156
2,345|**Total**Unrestricted
funds
**2021**
2020
**£**
**£**
51,256
9,124
6,528
5,397
3
34
11,003
10,000
68,790
24,555
75
123
59,713
9,434
59,788
9,557
9,002
14,998
-
-
9,002
14,998
143,499
128,501
152,501
143,499| |---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 2 - ## **BUCKLAND CHAPEL TRUST** ## **BALANCE SHEET** ## _**AS AT 31 MAY 2021**_ |**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**15**
**Net assets**
**Income funds**
Restricted funds
**16**
Unrestricted funds|**2021**
**£**
1,009
27,856
28,865
(3,842)|**£**
149,978
25,023
175,001
(22,500)
152,501
2,345
150,156
152,501|**2020**
**£**
325
22,174
22,499
(3,978)|**£**
149,978
18,521
168,499
(25,000)
143,499
-
143,499
143,499| |---|---|---|---|---| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2021. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on ......................... .............................. Mrs C E Mitchell **Trustee** ## **Company Registration No. 07642092** - 3 - ## **BUCKLAND CHAPEL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MAY 2021**_ ## **1 Accounting policies** ## **Charity information** Buckland Chapel Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is The Chapel, Buckland Monachorum, Yelverton, Devon, PL20 7LZ. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the trust's governing document, the Companies Act 2006 and “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 for Micro Entities (FRS 105)” (as amended for accounting periods commencing from 1 January 2016). The trust is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling , which is the functional currency of the trust. Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust. ## **1.4 Incoming resources** Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Resources expended** Expenditure is recognised at the point that the liability has been confirmed. - 4 - ## **BUCKLAND CHAPEL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MAY 2021**_ ## **1 Accounting policies** **(Continued)** ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings 0% straight line Fixtures and fittings 20% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **1.7 Impairment of fixed assets** At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) . ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **2 Donations and legacies** ||**Unrestricted**|**Restricted**|**Total**|Unrestricted| |---|---|---|---|---| ||**funds**|**funds**||funds| ||**2021**|**2021**|**2021**|2020| ||**£**|**£**|**£**|£| |Donations and gifts|12,509|38,747|51,256|9,124| ## **3 Charitable activities** ||**Charitable**|**Charitable**| |---|---|---| ||**Income**|**Income**| ||**2021**|**2020**| ||**£**|**£**| |Sales within charitable activities|6,026|5,023| |Fundraising activities|502|374| ||6,528|5,397| - 5 - ## **BUCKLAND CHAPEL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MAY 2021**_ ## **4 Investments** |||**Unrestricted**|Unrestricted| |---|---|---|---| |||**funds**|funds| |||**2021**|2020| |||**£**|£| ||Interest receivable|3|34| |**5**|**Other income**||| |||**Unrestricted**|Unrestricted| |||**funds**|funds| |||**2021**|2020| |||**£**|£| ||Grant received re Coronavirus pandemic|11,003|10,000| - 6 - ## **BUCKLAND CHAPEL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MAY 2021**_ ## **6 Raising funds** |**Unrestricted**
**funds**
**2021**
**£**
Fundraising and publicity
Advertising
75
75|Total
2020
£
123
123| |---|---| ## **7 Charitable activities - Hall running costs, AWC, Buckland cares** ||**Charitable**|
**Charitable**| |---|---|---| ||**activities -**|
**activities -**| ||**Hall running**|
**Hall running**| ||**costs, AWC,**|
**costs, AWC,**| ||**Buckland**|
**Buckland**| ||**cares**|
**cares**| ||**2021**|
**2020**| ||**£**|
**£**| |AWC|35,365|
-| |Buckland cares|3,179|
-| |Accoustics|450|
-| |Caretaking and cleaning|2,764|
2,268| |Utilities|1,335|
4,591| |Repairs and maintenance|15,076|
890| |Subscriptions|178|
175| |Telephone|359|
465| |Insurance|907|
1,032| ||59,613|
9,421| |Share of governance costs (see note 8)|100|
13| ||59,713|
9,434| |**Analysis by fund**||| |Unrestricted funds|20,719|
9,434| |Restricted funds|38,994|
-| ||59,713|
9,434| - 7 - ## **BUCKLAND CHAPEL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MAY 2021**_ ## **8 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Legal and professional
-
100
-
100
Analysed between
Charitable activities
-
100|**2021**
**£**
100
100
100|Support
costs
Governance
costs
£
£
-
13
-
13
-
13|2020
£
13
13
13| |---|---|---|---| ## **9 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year. ## **10 Employees** The average monthly number of employees during the year was: |**2021**
**Number**
Total
-
**Tangible fixed assets**
**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 June 2020
149,977
2,018
At 31 May 2021
149,977
2,018
**Depreciation and impairment**
At 1 June 2020
-
2,017
At 31 May 2021
-
2,017
**Carrying amount**
At 31 May 2021
149,977
1
At 31 May 2020
149,977
1|**2020**
**Number**
-
**Total**
**£**
151,995
151,995
2,017
2,017
149,978
149,978| |---|---| ## **11 Tangible fixed assets** - 8 - ## **BUCKLAND CHAPEL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MAY 2021**_ |**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**13**
**Loans and overdrafts**
Other loans
Payable within one year
**14**
**Creditors: amounts falling due within one year**
Borrowings
Trade creditors
Accruals and deferred income
**15**
**Creditors: amounts falling due after more than one year**
Other creditors|**2021**
**£**
718
291
1,009
**2021**
**£**
2,500
2,500
**2021**
**£**
2,500
96
1,246
3,842
**2021**
**£**
22,500|**2020**
**£**
-
325
325
**2020**
**£**
2,500
2,500
**2020**
**£**
2,500
245
1,233
3,978
**2020**
**£**
25,000| |---|---|---| - 9 - ## **BUCKLAND CHAPEL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MAY 2021**_ ## **16 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Movement**
**in funds**
**Movement in funds**
**Incoming**
**resources**
**Balance at**
**1 June 2020**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
**£**
Buckland cares
-
-
4,474
(3,179)
AWC
-
-
33,773
(35,365)
Acoustics
-
-
500
(450)
-
-
38,747
(38,994)
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 31 May 2021 are represented
by:
Tangible assets
149,978
-
Mixed motive investments
(2,592)
2,592
Current assets/(liabilities)
25,023
-
Long term liabilities
(22,500)
-
149,909
2,592|**Transfers**
**Balance at**
**31 May 2021**
**£**
**£**
-
1,295
2,592
1,000
-
50
2,592
2,345
**Total**Unrestricted
funds
**2021**
2020
**£**
£
149,978
149,978
-
-
25,023
18,521
(22,500)
(25,000)
152,501
143,499| |---|---| ## **17 Analysis of net assets between funds** ## **18 Related party transactions** There were no disclosable related party transactions during the year (2020 - none). - 10 -