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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|
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|Registered|Company|No.|08025757 (England|and Wales)|
|---|---|---|---|---|
|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||
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|||||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|
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||||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|
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|||||||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|||
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|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|
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|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||
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|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|
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|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|
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|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|
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|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|
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|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|
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|Debtors: amounts
falling|due within|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|
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|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|
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|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|
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