2020-12-31-accounts - Northwood House Charitable Trust Company Limited

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				Page
Reference and administrative			information
Trustees annual report				2-7
Independent examiners'		report
Statement offinancial	activities
Balance Sheet				10 —11
Cashflow statement				12
Notes to the accounts				13—26

Registered	Company	08025757 (England
Registered	Charity No.	1150641
Registered	Office	Northwood House
		Ward Avenue
		Cowes
		Isle ofWight
		PO31 8AZ
Trustees		Mrs JL Allan
		Mrs SECollinge
		Mrs RA Cullen
		Mr SDabell
		Ms D Deacon
		Mr BD Hicks
		Dr JA Pollard
Accountants	&	Moore (South) LLP
Independent	Examiners	g StJohns Place
		Newport
		Isle ofWight
		PO30 1LH
Bankers		CAF Bank Ltd
		25 Kings Hill Avenue
		West Mailing
		Kent
		ME194JQ
		Lloyds Bank Pic
		21 St Thomas Square
		Newport
		Isle ofWight
		Barclays Bank Pic
		St James' Square
		Newport
		Isle ofWight

				Unrestricted	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds	Funds
							Year to	Year to
							31 December	31 December
			Notes	f			2020 f	2019 f.
Income and endowments		from:
Donations and legacies				49,616	5,137		54,753	159,759
Charitable activities				163,128			163,128	314,319
Other trading activities (fundraising)				27,561			27,561	51,035
Other income				60,550			60,550
Investments				90			90	120
Total income				300,945	5,137		306,082	525,233
Expenditure on:
Raising funds			9	19,114			19,114	35,212
Charitable activities			10	226,596	21,826		248,422	446,318
Other			12	3375			3375	3615
Total expenditure				249,085	21,826		270,911	485,145
Net income/(expenditure)				51,860	(16,689)		35,171	40,088
Other recognised	gains/(losses)
Gains/(losses) on investment		assets				3673	3673	5586
Net movement in funds			20	51,860	(16,689)	3,673	38,844	45,674
Reconciliation of Funds
Total funds brought	forward	at 1 January	2019	451,833	37,496	37,417	526,746	481,072
Total funds carried	forward	31 December 2020		503,693	20,807	41,090	565,590	526,746

			Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Fund	funds	funds
						31 December	31 December
						2020	2019
		Notes				E	E
Fixed assets
Tangible assets		16	38,007			38,007	247,912
Fixed asset investments		17			41 090	41 090	37417
			38,007		41,090	79,097	285,329
Current assets
Stock			402			402	402
Debtors		18	53,099			53,099	4,487
Cash at bank	in hand		440 817	20807		461 624	282 008
			494,318	20,807		515,125	286,897
Current liabilities
Creditors: Amounts
falling due within one year		19	~28632			~28 632	~45480
Net current assets			465,686	20,807		466,493	241.417
Total assets less	current
Liabilities			503693	20807	41 090	565590	526 746
Net assets			503,693	20,807	41,090	565,590	526,746
Charity funds
Unrestricted		20	503,693			503,693	451,833
Restricted funds		20	-	20,807		20,807	37,496
Endownment	funds	20			41 090	41 090	37417
Total Funds			503,693	20,807	41,090	565,590	526,746

						2020	2019
						E	6
Cash flow from operating	activities
Net cash flow from operations					As below	77 156	76603
Total cash flow from operating				activities		77 156	76603
Cash flow from investing	activities
Interest received						90	120
Sale proceeds offixed assets						262,500
Payments to acquire fixed	assets					(2 145)	(6490)
Total cash flow on Investing			activities			260 445	(6370)
Net increase In cash and	cash equivalents					183,289	70,233
Cash and cash equivalents	at		1 January		2020	319425	249 192
Cash and cash equivalents	at	31		December 2020		502,714	319,425
Cash and cash equivalents		consist of:
Cash at bank and in hand						461,624	282,008
Fixed asset investments						41 090	37417
Cash and cash equivalent	at 31 December 2020					502,714	319,425
Reconciliation of income	to		net cashflow from operations:
						2020	2019
						6	E
Net surplus of income over	expenditure				for the year	38,844	45,674
Adjustments for:
Interest received						(90)	(120)
Depreciation charges						10,100	11,782
Profit on disposal						(60,550)
(Increase)/decrease in debtors						(48,612)	11,856
Increase/(decrease) in creditors						~16848	7411
Net cash from operations						(77,156)	76,603
					12

In line with the char	aties sta		tement of reccom	ended practice,	ended practice,	presented bel	ow is the full	comparative SO	FA
				Unrestricted		Restricted	Endowment	Total	Total
					Funds	Funds	Funds	Funds	Funds
								Yearto	Yearto
								31 December	31 December
								2019	2018
			Notes		E			6	E
Income and endowments		from:
Donations and legacies					20,579	139,180		159,759	28,770
Charitable activities					314,319			314,319	320,905
Other trading activities (fundraising)					51,035			51,035	27,609
Investments					120			120	25019
Total income					386,053	139,180		525,233	402,303
Expenditure on:
Raising funds					35,212			35,212	37,288
Charitable activities					336,336	109,982		446,318	300,348
Other					3615			3615	3323
Total expenditure					375,163	109,982		485,145	340,959
Net income/(expenditure)					10,890	29,198		40,088	61,344
Other recognised	gains/(losses)
Gains/(losses) on investment			assets				5586	5586	2058
Net movement in funds					10,890	29,198	5,586	45,674	63,402
Reconciliation ofFunds
Total funds brought	forward		at 1 January 2018		440,943	8,298	31,831	481,072	417,670
Total funds carried	forward		31 December	2019 451,833		37,496	37,417	526,746	481,072

3.	Donations and legacies	Donations and legacies
								Total	Total
								Funds	Funds
								Year to	Year to
								31 December	31 December
								2020	2019
								2	E
	Gifts and donations							1,636	5,278
	Grants							33,239
	Park services in kind —Cowes Town Council Membership fees							11,503 3238	12,198 ~303
	Total Unrestricted	Funds						49616	20 579
	Gifts and donations	included		restdicted		fund income on
	Rotunda repairs - Coastal		Revival		Fund				50,000
	Improvements to The Stables			—National			Lottery		4,250
	Tennis court income							5 137	84930
	Total Restricted Funds							5 137	139180
	Total Donations and	Legacies						54,753	159,759
4.	Activities for generating		funds
	Fundraising events							27561	51035
								27,561	51,035
5.	Subsidiary Trading	Company

e profits of	the trading company. A summary ofthe	trading results ofthe company is set out	below:
		Year to	Year to
		31 December	31 December
Summary	Profit and loss	2020f	2019 E
Turnover		90,406	183,463
Costs		~71 608	~183463
(Deficit) I Surplus for the year		18,798
Net assets		18,799

6.	Investment i	ncome
				Total	Total
				Funds	Funds
				Year to	Year to
				31 December	31 December
				2020	2019
				E	E
	Deposit account interest				120
				90	120
7.	Income from	charitable	activities
				Total	Total
				Funds	Funds
				Yearto	Yearto
				31 December	31 December
				2020	2019
				E	E
	Income from car parking		facilities	84,246	196,995
	Income from leltings			78882	117324
				163,128	314,319
8.	Other income
				Total	Total
				Funds	Funds
				Year to	Yearto
				31 December	31 December
				2020	2019
				E	E
	Profit on disposal offixed assets			60,550
9.	Raising funds expenditure
				Total	Total
				Funds	Funds
				Year to	Year to
				31/12/2020	31/12/2019
				E
	Fundraising	event costs		9,885	24,538
	Fundraising	support costs		9,229	9,793
	Grants and donations				881
				19,114	35,212

							Support	Year to
						Direct	Costs	31/12/2020
						Costs f	(see note 11) f	Totalf
Lettings	and	functions				7,044	9,927	16,971
Grounds	maintenance			park upkeep		17,150	27,870	45,020
House preservation			and		restoration	48,701	122,931	171,632
Car parking		costs				5825	8974	14799
						78,720	169,702	248,422
Comparative		charitable			activities expenditure		Support	Yearto
						Direct	Costs	31/12/2019
						Costs f	(see note 11) f	Totalf
Lettings	and	functions				203	11,599	11,802
Grounds	maintenance			park upkeep		19,232	33,236	52,468
House preservation			and		restoration	215,413	142,665	358,078
Car parking		costs				13198	10772	23970
						248,046	198,272	446,318

Support	cos	ts
					Year to	Year to
					31/12/2020	31/12/2019
					E
Wages and Nl					95,806	99,654
Subscription		and licenses			1,567	472
Cleaning					6,810	16,232
Light and	heat				19,848	24,353
Insurance					22,839	21,803
Water					2,892	1,161
Telephone					2,445	3,840
Printing,	postage and		stationery		1,238	2,351
Computer	costs				3,040	2,386
Training
Sundries					204	3,251
Subcontractor		costs			6,215	8,890
Bookkeeping					9,077	7,064
Accountancy					700	1,905
Professional		services			395	8,545
Security					3,211	2,452
Bank charges					2 644	4787
					178,931	208,946
				Notes
Allocated	to fundraising		events		9,229	10,674
Allocated	to Charitable		Activities		169702	198272
					178,931	208,946

Other co	sts
					Year to	Year to
					31/12/2020	31/12/2019
					E	6
Trustees	indemnity		insurance		1,025	1,265
Independent		examiners		remuneration	2350	2 350
					3,375	3,615

Net resource	s are stat	ed after charging/(crediting):
			Year to	Year to
			31/12/2020	31/12/2019
			2	8
Depreciation	—owned	assets	10,100	11,782

Staff c	osts
		Year to	Year to
		31/12/2020	31/12/2019
		F	6
Wages	and salanes	86,774	89,164
Social	security costs	9032	10164
		95,806	99,328

	Year to	Year	to
	31/12/2020 f	31/12/2019 E
House			4
Administration			1

16.	Tangible fixed assets
		Land and	Plant &
		Property	Machinery	Total
		6	8	8
	Cost at 1 January 2020	228,343	62,781	291,124
	Additions		2,145	2,145
	Disposals	~200000	~3250	~203250
	At December 2020	28,343	61,676	90,019
	Depreciation at 1 January 2020	9,125	34,087	43,212
	Charge for the pediod	1,417	8,683	10,100
	Depreciation eliminated on disposal		1 300	~1300
	At 31 December 2020	10,542	41,470	52,012
	Net Book Value at 31 December 2020	17,801	20,206	38,007
	Net Book Value at 31 December 2019	219,218	28,694	247,912
17.	Fixed asset investments
			31/12/2020 f	31/12/2019 8
	Market value at 1 January 2020		37,417	31,831
	Change in value of investments		3673	5586
	Market value at 31 December 2020		41,090	37,417

Debtors: amounts falling	one year
		31/12/2020 f	31/12/2019 f
Trade debtors		1,397	2,451
Amounts due from trading subsidiary Other debtors and prepayments	company	41,908 9794	2 036
		53,099	4,487

Creditors: amounts falling due wit	hin one year
		31/12/2020	31/12/2019
Trade creditors		3,597	8.866
Taxation and social security		14,347	22,662
Amounts owing to trading subsidiary Other creditors and accruals	company	10688	6,245 7907
		28,632	45,480

Movement in funds
		At	Net movement		At
		1.01.2020 f	in funds f	Transfers f	31.12.20 f
Endowment fund		37,417	3,673		41,090
Restricted funds
Tennis courts (1) Stables —Community Total Restricted Funds	Centre (2)	33,246 4~50 37496	(16,689) (16,689)		16,557 4250 20807
Unrestricted funds		401,833	51,860		453,693
Designated renovation	fund(3)	50000			50000
		528,746	38,844		585,590

Comparativ	e Moveme	nt in funds
				Net
			At	movement		At
			1.01.2019 E	in funds f	Transfers E	31.12.19 E
Endowment	fund		31,831	5,586		37,417
Restricted	funds
Tennis in the Park (1) Stables —Community Total Restricted Funds		Centre (2)	8,298 8298	24,948 4 250 2~18		33,246 4250 37496
Unrestricted	funds		390,943	10,890		401,833
Designated	renovation	fund(3)	50000			50000
			481,072	45,674		526,746