Registered number: 077S2930
Charity numbèr: 1146359
CLIFF HOUSE TRUST LIMITED
UNAUDITED
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

CUFF HOUSE TRUST UMITED
UNAUDITED
CONTENTS
Page
Reference and administrative details of the Company, lis Trustees and advisers
Trustees. report
Inde￿ndent examinerfs report
Statement of financial activtties
Balance sheet
Notes to the financial statements
9-21

CUFF HOUSE TRUST LlhlTED
UNAUDrrED
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2020
Truste¢s
R B Fletcher Iresigned 20 November 2019)
D steV￿s
G Tabiner
B F Edwards
D Moxham
M Long.. Chairman
M Denning. VI￿ Chaiman
R Collings
S Tabiner
M Smout lappoinled 20 November 2019)
Company registered number
07752930
Charity registered number
1146359
Reglstered office
Cltff House
Cliff Road
Salcon*e
Devon
TQ8 8JQ
Accountants
Griffin Stone M05crop & Co
Chartered Accounlanls
21-2T Lamb's Conduit Stieet
Londop.
WC1N 3GS
Page 1

CLIFF HOUSE TRUST UklTED
UNAUDITED
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2020
The Trustees present their annual report ttyJether wtth the finan￿al stalernenls of Ihe Company for the year 1
Septèmber 2019 10 31 August 2020. The Annual report seNes the purposes of both a Trustee5' report and a
directors, report under company law. The Trustees Confim that the Annual ￿port and financial statements of th•
charitable cornpany comply with the cutrent statutory raquirements. the requirements of thè charttable company's
governing dc￿uMent and the provisions of the Statefflent of Recornmended Prath"ce ISORPI applicable lo
charilies preparing their accounts in accordan￿ wlh the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 leffective 1 January 2019).
Since the Company qualtfies as small under section 382 of the Companies Ad 2006. the Strategic report
required of medium and large companies under the CompanEs Act 2006 {strategic Report and Directors,
Report} Regulation$ 2013 has beèn omitted.
Objectives and activities
a. Policies and objectives
in setting objecbves and planning for activities. the Truslees have gNen due consideration lo general guidance
published by the Charity Commission ielating to public benefrt. The chartys c&jectsves a¥e lo provide and
maintain Cliff House foi the use of the inhabitant5 of. and Visito￿ lo, Salcombe. Devon without distinction of
polrtical: religious or other opinions. More specificdly. Ihe aim 15 to provide community facilities such as an
assembly room, reading room, library and recreation garden for those in the localty.
b. A¢tlvities undertaken to achieve objectives
For many yeays the Trustèes of Cliff House Trust have faced the probkni of the progressive deterioration of their
principal asset (the house Itselfl wrthoLrt the financial musclè to deal with it. The ift¢orpoialion of the Trust
coincided with a iadical Ghange in thè business model cornbining more organised fundraising activity with a
strategy aimed al realising the income potential of the buikling. This latter 15 based on the employment of a
Dir¢¢tor of Operations to market Cltm House as a venue for weddings. o)rporate events and piivale parties
combined with a refurbishment of the inte¥ior and exleTior of Ihe building to underpin the marketing effort.
Achievèments and perfornance
a. Review of activities
The aim of thè Chanlable cornpany continues lo be the provision and maintenance of Cliff House as a
multifunctional facil-ty for use by the inhabitants of Sak>)mbe arKI 115 visilors.
To achieve this the ¢￿panY continues to raiso money by asking for charitable donations which are a￿ayS
gratefully received. In addition to this. income is eamed from fundraising events. rent and variou5 lettings. Mainly
to weddings and private parties.
The year started as normal wrth the weddings. events and community activities as planned. However the
Government measures in response lo Covi&19 of Lockdown and other re5tricb.ons from March 2020 meant that
Cliff House closed for actniilies in line wrth Government guKlelines. All planned events and weddings for the
corning 2020 season were not to go ahead. All bul one weddings booked for the period in 2020 were able lo be
moved to atternative dales in 2021. Steps were laken to reduce overheads and costs, rents from tenants were
still r￿1Ved and a Government Business Rate Support Grant was received_ Even during this petiod new
Wedding and Event requests for 2021 and beyond were being booked. reinforGing the vellue as a wedding and
community event building_
During the enforced ¢k)sure. builtling Mai[rtenan￿ continued, the opportunity w8$ taken for extensive
redecorating to prepare for [￿pening. whilst ensuring that the chanty has sufticienl cash to meet ils working
capitsl requirements.
Page 2

CLIFF HOUSE TRUST UMITED
UNAUDITED
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2020
Financlal review
. Going ¢oncem
After making appropriate enquiries. the Trustees have a reasonable expectation that the Company has adequate
resource5 to continue in operational existence for the ft)feseeablè future. For this reason, thcy ¢onlinue lo adopt
the going concern basis In prepanng the financial slaten*nts. Further details regarding the adoption of the goino
concern basis can be found in thè accounb.ng policies.
b. Reserves policy
There is Current￿ no formal resetves policy in place for the Chantab￿ company. but the Trustees are mindful of
the need to ensurè that sufficient resources are held at any one b.me to enable its obligab'ons lo third parties to
be met. and lo this end regulatty update their cash flow forecasts.
Structure. govemancè and management
a. Constitution
The chaiilable company is registered as a charitsble company limited by guarantee and was set up by a
Memorandum of AssOcial￿an on 25 August 2011.
The company is constituted under a Memorandum of AsxKiation dated 25 August 2011 and is a registered
charity nuThber 1146359.
The principal object of the charitable company is to prowde Community facilities in Salcombe lo advanc8
education. social welfare arhd lèisure aclNTivas in Ihe Iwality. With effect from 1 September 2011 the charitable
company ingerited the assets, liabilities and actNities previously c8rr*d on wrthin an unincorporated charity, Cliff
House Trust, which wa5 registered wrth the Charty Commission undor nurnber 202003.
b. Methods of appointment or election of Trustees
The managemenl of the charrtable company is the fesponsibiltty of the Trustees who are elected and cwptèd
under the terms of thè Articles of ASs￿la￿"0n. Trustees are drawn from the ktal cornmunily. prospective new
trustees are recommended by existing ttustees and theiT merits are discussed by the board.
. Orgat)isalional structure and decisionamaklng polkles
The trustees meet lomially on a monlhty basis to discuss the affairs of the ¢harty, review financi81 information
and to plan the forthcoming period.
Page 3

CUFF HOUSE TRUST UIffiTED
UNAUDITED
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2020
Statement of Trnstees. responsibillties
The Trustees (who are also the directr￿ of the Compary for the purposes of company lawl are re5wnsible for
preparing the TfUStees' Teport ano the financ￿ st*emer7ts accordance with applicable law and United
"ngdom Accounting Standards (United Kfft9dom Generatty Accepted Accounltng Practice).
Company law requires the TTUStees to prepare financlal slaiements for eaGh finantial year. Under compsny law,
the Tnjslees mu81 not approve the financi￿ statemertts unless they are sattsfied that they gNe a true and fair
view of the stste of affaiTS of the Company and of its incoming resources and appliG*ion of resouTtes, induding
ts incc*me and expellditure, fur thal perKKI. In PTepanng these financial stalwnerts. the TNstees are required to..
selecl suitable aeeounling poliues and then appty them consistenlty.,
obseNe the methods and principles ofthe Charibag SORP IFRS 1021
rrT8ke judgments and accounting esttymales that are re#sona)le and pruden(
state whether applicable UK Acrnunting Standards (FRS 1021 have been followed: subject to any materi81
departures disGk)5ed and axplair5vd in the fNncial staternents."
PTepare the finanaal slatements on Ihe going con￿rn basks unless it is inappropriate to presume that th2
Company will continLE m busines5.
The Trustees are responsible for keeping adequate aceounbng records that are suffiuellt to show and explai
the Company's transactions and ￿￿￿ose wth reasonab￿ 8ccurncy at any 14ne the financial position of the
Company and enable them lo ensure that Ihe financial ststernents comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonab￿ steps for the
prevention and dthtion of fraud and olher irregularilies.
Approved by order of the members ofthe b08rd of Trustees and SWjn￿ their behalf by..
Long
(Chair of Twsteesl
Date..
Page 4

CUFF HOUSE TRUST LiIArrED
UNAUDITED
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2020
Independent ¢xamiDees report to the T￿￿tee$ of Cliff Housè Trnst Limited I'the Company'l
I report to the charty Trust&s on my examin*ion of the accounts of the Company frjr the year endeé 31 August
2020.
R8sponsibilities and basis of report
As the Trustees of the Company land its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Cornpanies Act 2008 I'lhe 2006 Aet'l.
Having satisfied myseir that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligikAe for independent éxamination. I report in ￿SPect of my examination of the Companls
accounts carried Dut under section 145 of the Chatilies Act 2011 {Ihe 2011 Ad'l_ In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145151{bl of the 2011 Act.
Independènt examiner's statement
I have completed rny examination. I confirm that no matters havè come to my attention in connection ￿th the
examination giving me rAuse lo believe-
accounting records were not k￿t in ￿spect of Ihe Company ag required by section 386 of the 2006 Acl..
or
Ihe accounls do not accord wth those recXM￿s', or
the accounts do not Comp￿ with the accounting requirements of section 396 01 the 2006 Act other than
any requiremenl that the acu)unis give a 'ttue and fa*i' view which Is rot a mattèr considered as part of
an independent examination- or
the accounts have not been prèpared in accordance wth the method5 and principles of the Stslement of
Recommended practi￿ for accounting and reptyfing by Charit￿ lapplic#ble to charities preparing their
accounts ir accordan￿ with the Financial RePts￿ng Stsndard applicabte in thé UK and Republic of
Ireland IFRS 10211.
I have no concems and have corr,e across no other maiters in Connection with the examination to which
attèntion should be drawn in Ihis report in order to enab￿ a proper undeTslanding of the accounts to bo reached.
This report is made solely to the Coryanls Tnjstees. as a b(xly, in accordance with Patt 4 of the Charities
(Accounts and Fteports) Regulations 2008. My has been undertaken so that I might state to thè Cornpanls
Trustees those matter5 1 am required to state to them in an Independent examinerfs report and for no other
purpose To the fvllesl extent permitted by law. I do not a¢wl or assume responsibilty to anyone olheT than the
Company and the Companls Ttustee5 as a body. for my work gr for this report.
Signed".
Dat8d'. 23 D¢wnber 2020
Richard Hill
{FCAI
Griffin Stone Moscrop & C
Chartered Accountants
21-27 Lamb's Conduit Streel
London
WC1N 3GS
Page 5

CUFF HOUSE TRUST LIMITED
UNAUDITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 AUGUST 2020
Endowment Unrestricted
fvnds
funds
2020
2020
Total
funds
2020
Total
fvnds
2019
Notè
Income and endowinents from:
Donations and legaues
Charttable activitie5
Other trading actwrf(ies
Investrrienls
Other income
15.193
67.667
20.037
15,193
67.667
20.037
8,082
80,395
61.1f6
4.737
4.737
5. 144
Total incomg and endovmients
Expenditure on-
Raising ILbnds
Charitsble activrties
107,640
107.640
154. 742
12,849
91.835
12.849
92.589
27.831
132,532
754
Total expenditure
754
104,684
105,438
160.363
Ngt movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1754)
2,202
f5,621)
584.022
17541
15.7151
2,956
578.307
2.202
583,928
(5, 621)
Total funds carried forward
{2.7591
580,509
578,307
The Slalemenl of finanGial actmkn.es includes all gains and losses recognised in the year.
The notes on pages 9 10 21 fomi part of these financial ststefftnts.
Page 6

CUFF HOUSE TRUST LIMITED
UNAUDITED
REGISTERED NUMBER: OT152930
BALANCE SHEET
AS AT 31 AUGUST 2020
2020
2019
Note
Fixed assets
Tangible assets
12
592.087
595,274
592,087
595,274
Current assets
stocks
13
14
1.814
17.711
18.512
7,570
21,979
77,598
Debtors
Cash al bank and in hand
38.037
41,147
Creditors.. amounts falling due within one
year
15
129,615)
(33, 114)
Net current assèts
8.422
8,033
Total assets less current liabilities
600.509
603.307
C￿dItOrS.. amounts falling due after more
than one year
16
120.IJOOI
(25.0003
Not assets excluding pension asset
580.509
578,307
Total net assets
580,509
578,307
Charity funds
Endowment funds
Restricted funds
Unrestricted funds
17
583.268
584,022
17
17
(2.759)
{5, T15}
Total funds
580,509
578,307
Page 7

GUFF House TRIJST UMITED
uNAUD￿E0
REGISTERED NUMBER: 07752930
BAIANCE SHEET {CONTINUEDI
AS AT 31 AUGUST 2020
The CDmpany was entilled lo exemw from audil under section 477 of the Companies Ad 2006.
The membets have ncl required Ihe c(Nnpany to rthin an audit for the year in question in accordance with
section 476 of cOFnpan￿S Act 20(￿.
The Tnjstees acknowledge their res[M)ns￿li￿.es for c￿np￿ wrth the requirements of the Act with respect to
accounting records and preparalM)n of finarKial stat￿nents.
The financial Stat￿nents have been prep￿1 in ￿cO¢danCe with the provisions applicable to entitw subject lo
the small companies fegime.
The financial statements were 8pproved and author￿ for issue by the Tw$tees and signed un their behall by..
Long
(Chair of TDJstees)
Dale".
The rKJtes on pages 9 to 21 form part ofthese )SnancBi statements.
Page 8

CLIFF HOUSE TRUST UhqTED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Accounting policie5
1.1 Basis of preparation of financial statements
The financial statements have been prepa￿ in accordance with the Charities SORP IFRS 102) -
Accounting and Reporting by Charities". Stat￿ent of Recommended PracliGe applicable to chaTItTrès
preparing their aGwunts in accordance wilh the Financial R•wrtin9 Standard applicable in the LIK
and Republic of Ireland IFRS 1021 leffectwÈ 1 January 20191, the Financial Reporting Standard
applirable in the UK and Republic ol Ireland (FRS 1021 and the Cclmpanies Act 2006.
Cliff House Trust Limited meets the definit￿￿ of a public benefit entity under FRS 102. Assets and
liabilitÈes are inrtialty recognised at historical cosk or tran5adion value unless otherwise stated in the
relevant accounb.ng policy.
1.2 Income
All income is recognised once the Company has entrtlemenl lo the income, rt is probable that the
incomè will be recewed and the amount of income receivablè can be measured reliably.
Grants are included in the Statement of firhancial act￿rtIes on a receivabk basis. The balan¢e of
inGom¢ received for specffic purposes but not expended dUrir￿ the period is shown in the relevant
funds on the Balance sheet. Where income Is r￿1ved in advance of entitlement of receipt. Its
recognition is deferred and induded in c¥edilors as defetred inc¢xrte. Where entitlement occur5
before incorne is received, the income is a¢¢we(l.
Income tsx recoverable in relat￿n to investment in￿￿fie is reGognised at the time the inveslrnenl
income is receivable.
other incom8 15 recognised in Ihe period in which it is roGeivabie and to the exlenl the goods have
been provKled or on com￿ellOn of tho servKe.
1.3 Expenditure
Expenditure is recognised once there is a legal OT ¢onslructive obligation lo transfer economic beriefit
lo a third paty. rt is probable that a transfer of economiG benefrts will be required tii settlement and
the amount of the obligation can be r[￿aSure(l reliabty. Expendrtuie is classTfied by activty. The costs
of each activty are m*le up of the total of direct Costs and shared costs, irKluding support costs
involvéd in Ljndertaking each 8Ctivity. Direct costs attributable to a single activity are allocated direclty
to that acbwty. Shared costs which contribLJte to more than one activity and support costs which are
not attrtbutable to a single aclivity are apportK)ned betwèen those adivities on a basis consistent with
the use of resources. Central staff costs are alloGated on the basis of time spent, and dep¥eciatio
¢harges altocated on the port￿ ol the asset's use.
Expenditure on raiwng funds includes all expenditure ineurred by the Company lo raise funds for ils
charilable purposes and Includes costs of all fundtaisirKJ activrt*s events and non-Gharitable tradins.
Expenditure on charitable activrties is incurred on direcuy undertaking the activities which further thè
CompanYs objectives, as well as any a550ciated SUPPDrt Gosts.
AU èxpendiiure is inclusive of irrecoverable VAT.
Page 9

CLIFF HOUSE TRUST LIMITED
UNAUDITED
NOTES TO THE HNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
AcGountin9 policies (Gontinued)
1.4 Tangible fixed a55ets and deP￿latIOn
Tangible r￿e￿ asset5 cosling £NIL or more are ¢apitalised and recognised when future economi¢
benefrts are probable and the cost OT value of the asset can be measured reliably.
Tangible lixed assets ar8 initially recognised al cost. After recognTiion. under the c05t model, tsngible
fixed assèts are measured at cost less accumulaled depreei8tion and any accumulated impairment
lasses. All costs incurred to bring a tangible fixed asset into its intended working eondilion should b
included in the measurement of c05L
Depreciation is charged $0 as to all￿te the cost Df tangible fixed asselg less their residual value
over their estimated useful Iwes.
Depre(aation is prOV￿ed on the followng bases:
2TrA on cost of building improvéments
20°k on a ￿ducIng balance basis
20% on a reduung balan￿ basis
Fre¢hold property
Fixiuie5 and fittings
Audio VISU￿ equipment
1.5 Stocks
Stocks are valued at the kThver of cost and net realisable value after making due allowan￿ for
ob501ete and slow-moving sloc*s. Cost includes all direct costs and an appropriate proportton of fixed
and variable oveihead5.
1.6 Debtors
Tiade and other debtors are recognised al the settlemenl amount after any trade discount offèr8d.
Prepayments are valued at the amount prepaNJ net of any trade discounts due_
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short4erm highly liquid investments with a short maturity
of three months or less from the dale of wuisition or opening of the deposrt or similar aceounl.
1.8 Liabllltles and provisions
Liabilrties are recognised when there is an (*)11gaE￿n al the Balance sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be ests"fflated reliabty.
Liabilities are recogni3ed at Ihe amount that the Company antiripates il W￿11 pay to Sett￿ the debt or
the aFTr)unl rt has ￿1Ved as advmd payments for the goods or services il must provide.
1.9 Financial instruments
The Company has financial assets and finartcsal liabilities of a kbnd that qualify as basic financial
1nstrumènts. Basic financial irbslruments aTe i￿￿"allY recognised at transaction value and subsequently
rneasured al their settlement value wrÉh the exception of bank loans which are sub%quently
measured at amortised cost using the effeth.ve interest method.
Page 10

CUFF HOUSE TRUST UMITED
UNAUDITED
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 AUGUST 2020
A¢counting policies lcontlnued)
1.10 Pensions
The Company operates a defined contribuiion pension scheme and the pension charge represents
the omounls payable by the Company lo the fvnd in respect of the year.
1.11 Fund accounting
General funds are unre51ticled funds wh￿h are available for use al the di5crelK)n of the Trust&s in
furtheran￿ of the gerwal objectsves of the C(xnpany and which have not been designated for other
purposes.
Restrited funds a￿ flsnds whith are to be LWI in aCCfjrdan￿ wrth specffic restrictions imposed by
donors or whirh have been raised by the Company for parbcular purposes. The ¢osts of raising afid
administering 5tJGh lunds are charged against the spe-ific fund. The aim and use of each restricted
fund is Sel out in the notes lo the financial statemonts.
Investment income. gains and losses are allcKated to the appropriate fund.
Income from donations and legaciès
Restricted Unrestricted
funds
funds
2020
2020
Total
funds
2020
Donations
4,193
11,000
4,193
11.000
Grants
15.193
15,193
Restric18d Un￿striCted
funds
2079
Total
ftsnds
2019
2019
Donations
6,082
6,082
2,000
Grants
6,082
8.082
Page11

CUFF HOUSE TRUST UMITED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Income from charltable activiti¢s
Unrestricted
funds
2020
Total
funds
2020
Provision of Communty FaGilitEs- renlal income
Provision of Community Facilities- rLX)m hire
Provision of Communrty Faalrtie5- weddings
37,066
2,651
27,950
37,066
2,651
27,950
67,657
67,667
Un￿st￿cled
fund5
2019
Total
funds
2019
Provision of Community Facilities- rental
Provision of Community F￿lIrtIeS- roc*n hire
Provision of Communty Facilttie5- weddings
37,515
5,946
36.934
37.515
5,946
36, 934
80,395
80,395
Income from other trading activities
Income from fundralslng events
Unrestrf¢ted
funds
2020
Total
funds
2020
Income from fundraising events
9,797
9,797
Unrestncted
tunds
2019
Total
funds
2019
Inctsmo from fundraising evÈnts
7 1.851
11.851
Page 12

CUFF HOUSE TRUST LIM￿ED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Income from other trading adÈvities (continued)
Income from fundraising events (continued
Income from non charitable trading activities
UnreBtrict8d
funds
2020
Total
lunds
2020
Bar ifi¢ome
10.240
10.240
Un￿$[r￿ted
fvnds
2019
Total
funds
2019
Bar income
49.265
49.265
Investrnenl Income
Unrestricted
funds
2020
Total
funds
2020
Bank interèsl recewable
Un￿$t￿¢t
funds
2019
Total
funds
2019
Bank interest re￿niab
Page13

CUFF HOUSE TRUST UMITED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Other incoming resources
Unrestricted
funds
2020
Total
funds
2020
utilriy re¢harges
Web advértising inc(Yne
4,487
250
4,487
250
4,737
4.737
un￿sInGled
funds
2079
Total
runds
2019
Utility récharges
Web advertising income
4,644
50Q
4,644
5, 144
5, 144
Expenditure on raising fvnds
Costs of rdising voluntary incomè
Unrestricted
funds
2020
Total
funds
2020
Costs of raTrsing voluntary income- wage5 and saLaries
6.473
6.473
UnftEslii¢t8tl
fiinds
2019
Total
funds
2019
Staff CDsls relating to fundraising125°h of all staff costs exduding
caretakers salary)
8.073
8,073
Pa9¢ 14

CUFF HOUSE TRUST UMITED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
ExpenditUTe on Taising funds {continued)
Other trading expenses
Unrestricted
funds
2020
Total
funds
2020
Bar purchases
6,376
6.376
UnresÈiicted
nds
2019
Total
runds
2019
Bar purchases
19,758
19.758
Anatysis of expenditure on charitsbk actr¥ities
Summary by fund type
Endowment Unrnstricted
funds
funds
2020
2020
Total
funds
2020
Provision of Commun-ty FaGilitses
754
91,835
92.589
ReslrF¢led un￿Stricted
fvnds
funds
2019
2019
Total
fvff￿s
2019
Provision of Community Faulities
130.531
132.531
Page15

CLIFF HOUSE TRUST LIMITED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Analysis of expenditure by activities
Activities
undertaken
directly
2020
Support
¢osts
2020
Total
funds
2020
Provision of Community FarAIth"es
69,431
23,157
92,588
Activtss
undertak&n
direcily
2019
Support
costs
2019
Total
funds
2019
Provision of Community Facilit*s
98,530
34.001
132,531
Analysls of direct costs
Total
funds
2020
Tot81
fvnds
2019
staff costs
Deprecialion
Cleaning and laundry
Water rates. lighl and heat
Equipment and property rèpairs
Insurance
Crockery. linen and other premws expenses
37,242
3,187
2,566
13,191
6,194
5.805
1.246
41,522
3,2f9
3,044
19,516
q7,377
6,84T
6,945
69.431
98.530
P8ge 16

CLIFF HOUSE TRUST UMrrED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Analysis of exp8nditure by activities Icontinuedl
Analysis of support costs
Totsl
funds
2020
Tot
funds
2019
Advertisi￿ and P.R.
Office expenses
Printing 8nd slalionery
Costs of hosting weddings & other licen
Subscrip110ns
Sundry expenses
Bank interest and charge5
Other loan interest payable
Le9al and professional fees
Book-keeping and secretafial cost5
Govemance costs
3.526
2.646
338
7.673
4,593
1,485
654
17,687
106
644
564
1.973
662
2,083
1,120
2,884
2.093
2.970
2,133
23,157
34.001
10. Staff Gosts
2020
2019
Wagès and salaries
Contribution to defined conlribLrtion pension schemes
43,078
638
48.908
687
43,716
49,595
The average numb8r of persons employed by the Cunparry during the yeaT was as folk)ws'
2020
2019
No.
No Èmployee receNed remuneration amounting to VTK)re than £60.000 in either year.
Page 17

CUFF HOUSE TRUST UMtfED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Trustees. remuneration and exp*nses
During the year. Trustees ￿￿￿ed any remuTEration or other beneffts (2019- £NILI.
During the year ended 31 August 2020. no Trustee expenses have been inCu￿ed (2019- £NILJ.
12. Tanglble fixed assets
Freehold Fixtures and
property
fittings
Office
equipment
Total
Cost or valuation
At 1 September 2019
587.678
25,838
10.028
623.544
At 31 August 2020
587.678
2S,838
10,028
623,544
Depreciation
At 1 September 2019
Charge for the year
3.656
754
17.416
7.198
699
28.270
3,187
At 31 August 2020
4.410
19,150
7.897
31.457
Net book value
Al 31 August 2020
583,268
6.688
2.131
592,087
Al 31 August2019
584.022
8,422
2,830
595,274
13. Stocks
2020
2019
Bar sto¢ks
1.814
1,570
Page 18

CUFF HOUSE TRUST UNfflTED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
14. Debtors
2020
2019
Due within on• year
Trade debtors
other debtors
16,557
1,154
20,814
1, 165
17,711
21,979
15. Creditors.. Amounts falling due wtthin one year
2020
2019
other loans
Trade credrtors
Other laxalion and social S￿ul￿
PenS￿N fund loan p3yabte
other credit￿$
Accruals and deferred inccxne
10.000
1,130
7.032
87
320
11.046
10.QCL)
4, 180
5. 139
15Q
48
13,597
29.61S
33,114
Deferred ineome as al 31 August 2020 of £6.938 {2019- £7,755) repTesenls balances received prior to
31 Au9USt for events that were not hosted by that dale. In the financial y@2r in which an event takes
place any income that was previousty deferred will be transferred to the Statement of Financial Activities.
16.
Creditots: Amounts falling due after more than one year
2020
2019
other k)ans
20.000
25.000
All loans rA¥ed by the chanty are unsecured.
Page 19

CUFF HOUSE TRUST UAITED
UNAUDITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
17. StatemeTrt of funds
ststement of funds- current year
Balancè at I
SÈptÈmbef
2019
Balance at
31 August
2020
Incomè Expgnditure
UnrestTiCted funds
General Funds
15.7151
107.640
1104.6841
12.7591
EndoWTr￿nt funds
Endowment Fund - Freehold of Clrff House
584.022
17541
583,268
Total of funds
578,307
107,640
(105,438)
580,509
18. Summary offunds
Summary of funds - current year
Balance at 1
September
2019
Balance at
31 August
2020
Income Expendlture
General funds
Endowment funds
{5,7151
584,022
107.640
{104,684)
17541
12,7591
S83.268
578.307
107,640
1105.4381
580,509
Page 20

CUFF HOUSE TRUST U￿TED
UNAUtMTED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
19. Analysi5 01 net assets between funds
Analysis of net assets between fufKIs- currenl period
Endowmenl Unre5trl¢ted
funds
funds
2020
2020
Total
funds
2020
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
583,268
8,819
38,037
129,6151
120,0001
592,087
38,037
129,6151
120.000}
Total
583.268
12.7591
S80.S09
20. Pension commitments
The company operates a defined contributions pension seheme. The assets of the scheme are held
sop&rately from those of Ihe company In an Independènt￿ administered fund. The pension cost charge
represents contributlgns payable by the company to the fund and amounted to £638 {2019 £6871.
Contributions were payable to the fund al the baL4nce sheet date of £8712019 - £1501.
21. Relatsd party transactions
The loans falling due for repayment iotalling £30.000 (2019 - £35.000} represent monies lent to the
company by one of the serving diredoTS {2019 - the same). Interest is payable at 5¢h on these unsecured
loans wrth the charge for 2020 being £1.973 (2019 - £2.0831-
22.
Post balanco sheet events
Since 31 March 2020. the spread of COVID-19 has severely impacted many local e¢onomies around the
globe. In many counlnes. businesses are being forced lo cease or limit operalions foi long or indefinite
periods of time_ Measures tsken to contain the spread of the virus. including quarantines, SOGial
distancing, and closures of non-essential services have t￿"￿ered signthcant disruption5 to businesse5
woddwide, iesulting in an eGonomic sbwdown. Governments and ￿￿traI banks have responded with
monetary and fiscal interventions to slabilise economic condthons.
The chariiable company has determined that these events are non-adjusling subsequent events.
AGGordingly, the financial posrtion and results of operations as of and for thè year ended 31 August 2020
have not been adjusted to re1ect their impaGt. The duration and impact of the COVID-19 pandemic, a
well as the effectiveness of government and ￿ntral bank responses. remains unclear at thi5 lime. It is not
possibl• to reliabty estimate the duraticm and severity of these consequences. as well as their impact on
the financial posrtion and results of the charitable company for fvILAre pericKIs.
Page 21