|||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|
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|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||||
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|||||||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|
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|||||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|
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||||||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|
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||||||||||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|
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||||||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|
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||||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|
##
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||||||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|
##
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|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|
##
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|||||||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|
##
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|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||
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|23.|LEASING AGREEMENTS|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|
##
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##
|Comparatives
for movement|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|
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