2020-10-31-accounts - Insole Court Trust/ymddiriedolaeth Cwrt Insole

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		Page
Report ofthe Trustees		1 to 5
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		8to 9
Cash Flow Statement		10
Notes to the Cash Flow	Statement
Notes to the Financial Statements		12to 23

REFERENCE AND	ADMINISTRATIVE	DETAILS
Registered office
Insole Court
Fairwater road
Cardiff
CF5 2LN
Trustees
W M Clarke
E M Davey
G F Morgan
LW Roblin	Treasurer
D L Hamley C O' Brien		- resigned	1/6/2020
GJOwens
J L Prior-Morris
V Mitchell
S E Neil
D Clayton Jones	Chairman
President
N Lloyd-Edwards
Key management	personnel
G Hill - Director
Independent examiner
Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

						2020	2019
				Unrestricted	Restricted	Total funds	Total funds
			Notes	funds f	funds f
INCOME AND ENDOWMENTS		FROM
Donations and legacies Charitable activities				261,235	15,680	276,915	170,288
Education and the arts				2,009		2,009	6,040
Community welfare				36,618		36,618	104,125
Other trading activities				81,424		81,424	109,351
Investment income Other income				18,378 47,894		18,378 47,894	18,054 111,015
Total				447,558	15,680	463,238	518,873
EXPENDITURE ON
Raising funds Charitable activities				88,734		88,734	101,070
Preservation of Insole Court Education and the arts Community welfare				82,476 33,003 164,155	739 443 1,773	83,215 33,446 165,928	96,716 37,704 188,062
Total				368,368	2,955	371,323	423,552
NET INCOME				79,190	12,725	91,915	95,321
RECONCILIATION OF FUNDS
Total funds brought	forward			1,364,329		1,364,329	1,269,008
TOTAL FUNDS CARRIED FORWARD				1,443,519	12,725	1,456,244	1,364,329

				2020	2019
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds
	Notes		F
FIXEDASSETS
Tangible assets	16	1,204,292		1,204,292	1,142,745
Investments	17	2		2	2
		1,204,294		1,204,294	1,142,747
CURRENT ASSETS
Stocks	18	6,300		6,300	5,144
Debtors	19	23,170		23,170	178,458
Cash at bank and in hand		293,040	12,725	305,765	124,900
		322,510	12,725	335,235	308,502
CREDITORS
Amounts falling due within one year	20	(47,055)		(47,055)	(86,920)
NET CURRENT ASSETS		275,455	12,725	288,180	221,582
TOTAL ASSETSLESSCURRENT LIABILITIES		1,479,749	12,725	1,492,474	1,364,329
CREDITORS
Amounts falling due after more than one year	21	(36,230)		(36,230)
NET ASSETS		1,443,519	12,725	1 456.244	1,364,329
FUNDS	24
Unrestricted funds				1,443,519	1,364,329
Restricted funds				12,725
TOTAL FUNDS				1,456,244	1,364,329

					2020	2019
				Notes		F
Cash flows from operating activities:
Cash generated from operations Interest paid					248,670 ~500)	(33,862)
Net cash provided by (used in) operating		activities			248,170	~33,862)
Cash flows from investing activities:
Purchase oftangible fixed assets					)107,305)	~28,155)
Net cash provided by (used in) investing		activities			)107305).	~28,155)
Cash flows from financing activities:
New loans in year					40,000
Net cash provided by (used in) financing		activities			40,000
Change in cash and cash equivalents	in	the
reporting period Cash and cash equivalents at the beginning			ofthe		180,865	(62,017)
reporting period					124,900	186,917
Cash and cash equivalents at the end	of	the
reporting period					305,765	124,900

									2020	2019
	Net income	for the	reporting		period (as per the statement		offinancial
	activitjes)								91,915	95,321
	Adjustments	for:
	Depreciation	charges							45,759	41,004
	Interest paid								500
	Increase in stocks								(1,156)	(649)
	Decrease/(increase)		in debtors						155,287	(135,737)
	Decrease in	creditors							~43,635)	~33,801)
	Net cash provided		by (used in) operating			activities			248.670	~33,862)
2.	ANALYSIS OF CHANGES			IN NET FUNDS
							At	1/11/19	Cash flow	At 31/10/20
										f
	Net cash
	Cash at bank and in		hand					124,900	180,865	305,765
	Debt
	Debts falling	due within one year							(3,770)	(3,770)
	Debts falling	due after one year							~36,230)	~36,230)
									~40,000)	~40,000)
	Total							124,800	140.865	265,765

					2020 f	2019 f
Donations					29,045	17,770
Gift aid					1,760	1,519
Grants					245,586	150,519
Subscriptions					524	480
					276,915	170288
Grants received,		included		in the above, are as follows:
					2020	2019
National Lottery		Heritage	Fund		70,435	120,518
National Lottery		Community		Fund	25,648
Big Lottery						11,961
ACW					23,446
WCVA					48,037
Moondance	Foundation				8,000
Waterloo Foundation					15,000
CADW						18,040
Other grants					55,020
					245,586	150,519
OTHER TRADING ACTIVITIES
					2020 f	2019 f
Coffee shop	rent				7,088	34,108
Other rental income Facility hire fees Gift shop sales					55,115 725 18,421	55,098 (95) 20,855
Catering and bar Wedding income		income			75	5 ~620)
					81,424	109,351

5.	INVESTMENT INCOME	INVESTMENT INCOME
					2020	2019
					F
	Trading subsidiary	donation			18,378	18,054
6.	INCOME FROM CHARITABLE ACTIVITIES
					2020	2019
			Activity
	Entrance fees and Facility hire fees	tour income	Education Community	and the arts welfare	2,009 30,076	6,040 79,409
	Activities and events income		Community	welfare	6,542	24 716
					38,627	110,165
7.	OTHER INCOME
					2020	2019
					F	f
	Other income Reimbursement of Management fee	costs			(1,981) 49,875	7,305 (290) 104000
					47,694	111,015
8.	RAISING FUNDS
	Raising donations	and legacies
					2020	2019
						F
	Fundraising				1,070
	Other trading activities
					2020	2019
	Purchases Staff costs				7,983 65,005	12,643 71,784
	Shop operating expenses Rates and water				991 403	1,045 638
	Light and heat Telephone and internet				5,699 1,935	8,596 1,710
	Depreciation				5,648	4,654
					87,664	101,070
	Aggregate amounts				88,734	101,070

			Direct costs	Support costs	Totals
			(See note 10) f	(See note 11)	f
Preservation of Insole	Court		58,257	24,958	83,215
Education and the arts			18,611	14,835	33,446
Community welfare			104,242	61,686	165,928
			181.110	101,479	282.589
DIRECT COSTS OF CHARITABLE ACTIVITIES
				2020 f	2019 f
Staffcosts				82,195	90,475
Rates and water				1,128	1,786
Insurance				1,143	1,076
Light and heat				15,956	24,069
Telephone				5,419	4,787
Design and print				2,640	2,989
Computer and web site		fees		420	105
Miscellaneous expenses				2,810	1,228
Cleaning and household		goods		4,414	9,755
Activities and events costs				4,932	24,637
Property maintenance	and repairs			23,177	41,518
Depreciation				36876	26,637
				181,'110	229,062
SUPPORT COSTS

							Governance
			Staff costs f	Finance f		Other f	costs	Totals
Preservation	of Insole Court		18,203		524	5,331	900	24,958
Education and the arts			10,922		315	1,936	1,662	14,835
Community	welfare		43,688	1,258		10,093	6,647	61,686
			72813	2,097		17,360	9,209	101,479
NET INCOINE/(EXPENDITURE)
Net income/(expenditure)		is stated	after charging/(crediting):
							2020 f	2019
Depreciation	- owned assets						45,758	41,004
Independent	examination	fee					3,300	3,300
Operating lease payments							1,031	1,031

					2020 f	2019 F
Wages and salaries					196,600	199,164
Social security costs					12,332	10,897
Other pension costs					3,469	3,168
					212,401	213,229
Total remuneration paid to key management			personnel	in the year was f42,412(2019:F42,308).
The average monthly	number ofemployees		during the	year was as follows:
					2020	2019
Average employees					12	13
No employees received emoluments		in excess ofF60,000.
COMPARATIVES FOR THE STATEMENT			OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total funds
				funds	funds
				F	F
INCOME AND ENDOWMENTS FROM
Donations and legacies				11,308	158,980	170,288
Charitable activities
Education and the arts				6,040		6,040
Community welfare				104,125		104,125
Other trading activities				109,351		109,351
Investment income Other income				18,054 111,305	~290)	18,054 111,015
Total				360,183	158,690	518,873
EXPENDITURE ON
Raising funds				101,070		101,070
Charitable activities
Preservation of Insole	Court			51,146	45,570	96,716
Education and the arts				19,938	17,766	37,704
Community welfare				99,453	88,609	188,062
Total				271,607	151,945	423,552

15.	COIIPARATIVES	FO	R THE STATEMENT	OF FINANCIAL ACTIV	ITIES —continued
					Unrestricted	Restricted	Total funds
					funds	funds
	NET INCOME				88,576	6,745	95,321
	Transfers between	funds			8,675	~8.675)
	Net movement in funds				97,251	(1,930)	95,321
	RECONCILIATION	OF FUNDS
	Total funds brought		forward		1,267,078	1,930	1,269,008
	TOTAL FUNDS CARRIED FORWARD				1.364329		1,364,329
16.	TANGIBLE FIXEDASSETS
					Fixtures and	Computer
				Long leasehold	fittings	equipment	Totals
						E	F
	COST
	At 1 November 2019			1,128,505	100,581	27,669	1,256,755
	Additions			61,133	44,900	1,272	107,305
	At 31 October 2020			1,189,638	145,481	28,941	1,364,060
	DEPRECIATION
	At 1 November 2019			36,650	52,222	25,138	114,010
	Charge for year			21,063	22,589	2,106	45,758
	At 31 October 2020			57,713	74,811	27,244	159,768
	NET BOOK VALUE
	At 31 October 2020			1,131,925	70,670	1,697	1,204,292
	At 31 October 2019			1,091,855	48,359	2,531	1,142,745

Shares	in
gloup
undertakings
	F

	Class ofshare:	Class ofshare:	Class ofshare:	holding
	Ordinary	shares		100
					2020 F	2019 f
	Aggregate	capital and reserves			11,853	19,366
	Profit for	the	year		10,865	19,364
18.	STOCKS
					2020 f	2019
	Retail stocks				6,300	5,144
19.	DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2020	2019
						F
	Trade debtors				3,864	150,148
	Amounts	owed by group		undertakings	1,350	17,866
	Other debtors					1,827
	VAT				12,990
	Prepayments		and accrued income		4,966	8,617
					23,170	178,458

						2020 f	2019 F
Bank loans and overdrafts		(see note	22)			3,770
Trade creditors						15,585	31,550
Social security and other taxes						2,655	2,402
VAT							17,299
Other creditors						2,487	1,020
Accruals and deferred	income					22,558	34,649
						47,055	86,920
Included within accruals and deferred			income above is the following	deferred	income:
						2020	2019
Rental income and deposit						4,368	8,713
						4,368	8,713

CREDITO	RS: AMOUNTS		FA	LLING DUE AFTER MORE THAN ONE	YEAR
					2020	2019
					E	P
Bank loans	(see note 22)				36,230
LOANS
An analysis	ofthe maturity		of	loans is given below:
					2020	2019
					F	F
Amounts falling due within			one year on demand:
Bank loans					3,770
Amounts falling between		one		and two years:
Bank loans	- 1-2years				7,694
Amounts falling due between				two and five years:
Bank loans	- 2-5years				24,306
Amounts falling due in more than five years:
Repayable	by instalments:
Bank loans	more 5yr by instal				4,230

23.	LEASING AGREEMENTS	LEASING AGREEMENTS
	Minimum lease payments		under	non-cancellable	operating	leases	fall due as follows:
									2020 f	2019
	Within one year Between one and five years								1,031 516	1,031 1,547
									1,547	2,578
24.	MOVEMENT IN FUNDS
							Net movement	Transfers
					At 1/11/19		in funds	between	funds	At 31/10/20
						E	F
	Unrestricted funds
	General fund Fixed asset designated	fund			221,584 1 142745		79,190	(61,547) 61,547		239,227 1,204 232
					1,364,329		79,190			1,443,519
	Restricted funds
	Friends of Insole Court fund						12,725			12,725
	TOTAL FUNDS				1,364,329		91,915			1,456,244
	Net movement in funds,	induded		in the above are	as follows:
							Incoming	Resources		Movement in
							resources	expended		funds
									f.	F
	Unrestricted funds
	General fund						447,558	(368,368)		79,190
	Restricted funds
	Garden and grounds fund Friends of Insole Court fund						2,955 12,725		(2,955)	12,725
							15,680		(2,955)	12,725
	TOTAL FUNDS						463,238	i371 323)		91,915

Comparatives for movement	Comparatives for movement	Comparatives for movement	Comparatives for movement	Comparatives for movement	in funds	in funds
								Net movement	Transfers
							At 1/11/18	in funds	between funds	At 31/10/19
								F		F
Unrestricted Funds
General fund Fixed asset designated			fund				111,484 1,155,594	88,576	21,524 ~12,849)	221,584 1,142,745
							1,267,078	88,576	8,675	1,364,329
Restricted Funds
Friends	of Insole Court	fund					1,930	6,745	(8,675)
TOTAL	FUNDS						1.289,008	95,321		1,364,329
Comparative net movement				in	funds,	included	in the above are as	follows:
								Incoming	Resources	Movement in
								resources	expended	funds
								F	F
Unrestricted funds
General	fund							360,183	(271,607)	88,576
Restricted funds
National	Lottery Heritage		Fund					120,518	(120,518)
Big Lottery Community		Asset fund						11,961	(11,961)
General	capital renovation			fund				(290)	290
CADW								18,040	(18,040)
Garden Friends	and grounds fund of Insole Court fund							1,716 6,745	(1,716)	6,745
								158,690	(151,945)	6,745
TOTAL	FUNDS							518,873	~423.552)	95,321