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|||||Page|
|---|---|---|---|---|
|Reference and administrative|||information||
|Trustees annual
report||||2-7|
|Independent
examiners'||report|||
|Statement
offinancial|activities||||
|Balance Sheet||||10—11|
|Notes to the accounts||||12 —25|
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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 JLAllan|||
||||Mrs SECollinge|||
||||Mrs RA Cullen|||
||||Mr S Dabell|||
||||Ms D Deacon|||
||||Mr BD Hicks|||
||||Dr JA Pollard|||
||||Mr TWander (appointed||10January 2022)|
|Accountants|&||Moore (South) LLP|||
|Independent|Examiners||9StJohns Place|||
||||Newport|||
||||Isle ofWight|||
||||PO30 1LH|||
|Bankers|||CAF Bank Ltd|||
||||25 Kings
Hill Avenue|||
||||West Mailing|||
||||Kent|||
||||ME194JQ|||
||||Lloyds Bank Pic|||
||||21 StThomas 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|
|||||||||Yearto|Yearto|
|||||||||31 December|31 December|
|||||Notes|6|||2021
f|2020
6|
|Income and endowments||from:||||||||
|Donations
and legacies||||3|50,521|17,978||68,499|54,753|
|Charitable
activities||||7|267,104|||267, 104|163,128|
|Other trading
activities (fundraising)||||4|25,960|||25,960|27,561|
|Other income||||8|||||60,550|
|Investments||||6|36|||36|90|
|Total income|||||343,621|17,978||361,599|306,082|
|Expenditure
on:||||||||||
|Raising funds||||9|25,603|||25,603|19,114|
|Charitable
activities||||10|235,811|5,964||241,775|248,422|
|Other||||12|3845|||3845|3375|
|Total expenditure|||||265,259|5,964||271,223|270,911|
|Net income/(expenditure)|||||78,362|12,014||90,376|35,171|
|Trasnfers
between
funds|||||(2,000)|2,000||||
|Other recognised gains/(losses)||||||||||
|Gains/(losses)
on investment||assets|||||7 170|7 170|3673|
|Net movement
in funds||||20|76,362|14,014|7,170|97,546|38,844|
|Reconciliation
of Funds||||||||||
|Total funds brought
forward||at 1 January 2020|||503,693|20,807|41,090|565,590|526,746|
|Total funds carried forward 31December 2021|||||580,055|34,821|48,260|663,136|565,590|
|All income and expenditure||derive from continuning|||activities.|||||
|The statement
offinancial|activities||include|all gains and losses||recognised|during the year|||
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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Fund|funds|funds|
|||||||31 December|31 December|
|||||||2021|2020|
|||Notes|E|||E|E|
|Fixed assets||||||||
|Tangible assets||16|29,770|||29,770|38,007|
|Fixed asset investments||17|||48260|48260|41 090|
||||29,770||48,260|78,030|79,097|
|Current assets||||||||
|Stock|||402|||402|402|
|Debtors||18|141,886|||141,886|53,099|
|Cash at bank|in hand||447 020|34 821||481 841|461 624|
||||589,308|34,821||624,129|515,125|
|Current
liabiliTies||||||||
|Creditors: Amounts||||||||
|falling due within one year||19|~39023|||~39023|~28632|
|Net current assets|||550,285|34,821||585,106|486,493|
|Total assets less|current|||||||
|Liabilities|||580055|34 821|48260|663 136|565590|
|Net assets|||580,055|34,821|48,260|663,136|565,590|
|Charity funds||||||||
|Unrestricted||20|580,055|||577,805|503,693|
|Restricted funds||20|-|34,821||37,071|20,807|
|Endownment|funds|20|||48260|48260|41 090|
|Total Funds|||580,055|34,821|48,260|663,136|565,590|
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|In line with the char|aties|sta|tement
of reccomended
practice,|tement
of reccomended
practice,|presented
bel|ow is the full|comparative
SO|FA|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Endowment|Total|Total|
|||||Funds|Funds|Funds|Funds|Funds|
||||||||Year to|Yearto|
||||||||31December|31 December|
||||||||2020
F|2019
f|
|Income and endowments|||from:||||||
|Donations
and legacies||||49,6'I6|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||||19,114|||19,114|35,212|
|Charitable
activities||||226,596|21,826||248,422|446,318|
|Other||||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||||51,860|(16,689)|6,673|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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|Donations
and leg|acies||||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||Funds|Funds|
||||||Year to|Year to|
||||||31 December|31 December|
||||||2021f|2020f|
|Gifts and donations|||||1,706|1,636|
|Distribution
from trading||company|||18,798||
|Grants|||||13,928|33,239|
|Park services
in kind|—Cowes Town Council||||13,009|11,503|
|Membership
fees|||||3080|3238|
|Total Unrestricted
Funds|||||50 521|49616|
|Gifts and donations|included||restricted|fund income on|||
|Grants|||||15,000||
|Tennis court income|||||2 978|5 137|
|Total Restricted
Funds|||||17978|5 137|
|Total Donations
and|Legacies||||68,499|54,753|
|Activities for generating||funds|||||
|Fundraising
events|||||25 960|27561|
||||||25,960|27,561|
##
|he profits of||the trading company.
A summary
of the trading
r|esults ofthe company
is set out|below:|
|---|---|---|---|---|
||||Year to|Yearto|
||||31 December|31 December|
|Summary|Profit and loss||2021f|2020f|
|Turnover|||191,751|90,406|
|Costs|||~185309|(~71 608|
|Surplus for||the year|6,442|18,798|
|Net assets|||6,443|18,799|
|A distribution||was made off18,798to the Trust.|||
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|6.|Investment
i|ncome||||
|---|---|---|---|---|---|
|||||Total|Total|
|||||Funds|Funds|
|||||Year to|Year to|
|||||31 December|31 December|
|||||2021|2020|
|||||6|F|
||Deposit account interest|||36|90|
|7.|Income from|charitable|activities|||
|||||Total|Total|
|||||Funds|Funds|
|||||Yearto|Year to|
|||||31 December|31 December|
|||||2021|2020|
|||||6|6|
||Income from|car parking|facilities|134,348|84,246|
||Income from|lettings||132756|78882|
|||||267,104|163,128|
|8.|Otherincome|||||
|||||Total|Total|
|||||Funds|Funds|
|||||Yearto|Yearto|
|||||31 December|31 December|
|||||2021|2020|
||||||E|
||Profit on disposal offixed assets||||60,550|
|9.|Raising funds expenditure|||||
|||||Total|Total|
|||||Funds|Funds|
|||||Year to|Year to|
|||||31 December|31 December|
|||||2021|2020|
|||||6|6|
||Fundraising|event costs||17,185|9,885|
||Fundraising|support costs||8,418|9,229|
||Grants and donations|||||
|||||25,603|19,114|
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||||||||Support|Year to|
|---|---|---|---|---|---|---|---|---|
|||||||Direct|Costs|31/12/2021|
|||||||Costs|(see note 11)|Total|
|||||||E|F||
|Lettings|and|functions|||||9,350|9,350|
|Grounds|maintenance|||park upkeep||28,849|25,395|54,244|
|House preservation|||and||restoration|53,386|114,877|168,263|
|Car parking||costs||||2 617|7301|9918|
|||||||84,852|156,923|241,775|
|Comparative||charitable|||activities expenditure||Support|Yearto|
|||||||Direct|Costs|31/12/2020|
|||||||Costs
E|(see note 11)
f|Total|
|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||||5 825|8974|14799|
|||||||78,720|169,702|248,422|
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|Support|cos|ts||||||
|---|---|---|---|---|---|---|---|
|||||||Yearto|Year to|
|||||||31/12/2021|31/12/2020|
|||||||E|6|
|Wages and Nl||||||83,883|95,806|
|Subscription||and|licenses|||1,907|1,567|
|Cleaning||||||9,266|6,810|
|Light and|heat|||||21,894|19,848|
|Insurance||||||19,665|22,839|
|Water||||||3,839|2,892|
|Telephone||||||1,994|2,445|
|Printing,|postage||and|stationery||1,671|1,238|
|Computer|costs|||||2,942|3,040|
|Sundries||||||347|204|
|Subcontractor||costs|||||6,215|
|Bookkeeping||||||11,166|9,077|
|Accountancy||||||845|700|
|Professional||services||||35|395|
|Security||||||2,987|3,211|
|Bank charges||||||2899|2644|
|||||||165,341|178,931|
||||||Notes|||
|Allocated|to fundraising|||events||8,418|9,229|
|Allocated|to Charitable|||Activities||156923|169702|
|||||||165,341|178,931|
|Other costs||||||||
|||||||Year to|Year to|
|||||||31/12/2021|31/12/2020|
|||||||6|E|
|Trustees|indemnity||insurance|||1,095|1,025|
|Independent||examiners||remuneration||2750|2350|
|||||||3,845|3,375|
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|Net resource|s are stat|ed after charging/(crediting):|||
|---|---|---|---|---|
||||Yearto|Year to|
||||31/12/2021|31/12/2020|
||||F|6|
|Depreciation|—owned|assets|11,087|10,100|
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|The Trustees
to value that
Staff costs|have pr
work.|ovided s|ervices
in their|professional
capacity at no costto|the Trust, and it i|s not practicable|
|---|---|---|---|---|---|---|
||||||Year to|Year to|
||||||31/12/2021
f|31/12/2020
6|
|Wages and|salaries||||75,983|86,774|
|Social secudity costs|||||7900|9032|
||||||83,883|95,806|
|The average|monthly|number|of employees|during the year was as follows:-|||
||||||Year to|Year to|
||||||31/12/2021
6|31/12/2020
f|
|House|||||4|4|
|Administration|||||1|1|
|FOR|THE YEAR ENDED 31 DECEMBER2021||||
|---|---|---|---|---|
|16.|Tangible fixed assets||||
|||Land and|Plant &||
|||Property
f|Machinery
F|Totalf|
||Cost at 1 January 2021|28,343|61,676|90,019|
||Additions||2,850|2,850|
||Disposals||||
||At 31 December 2021|28,343|64,526|92,869|
||Depreciation
at 1 January 2021|10,542|41,470|52,012|
||Charge for the period|1,417|9,670|11,087|
||Depreciation
eliminated
on disposal||||
||At 31 December 2021|11,959|51,140|63,099|
||Net BookValue at 31 December 2021|16,384|13,386|29,770|
||Net BookValue at 31 December 2020|17,801|20,206|38,007|
|17.|Fixed asset investments||||
||||31/12/2021
f|31/12/2020
f|
||Market value at 1 January 2021||41,090|37,417|
||Change
in value of investments||7 170|3673|
||Market value at 31 December 2020||48,260|41,090|
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|||||||31/12/2021|31/12/2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Trade debtors||||||2,345|1,397|
|Amounts
due from trading||subsidiary|company|||134,296|41,908|
|Other debtors and prepayments||||||5245|9794|
|||||||141,886|53,099|
|Creditors: amounts|falling due within one year|||||||
|||||||31/12/2021|31/12/2020|
||||||||6|
|Trade creditors||||||7,998|3,597|
|Taxation and social security||||||11,817|14,347|
|Amounts
owing to trading||subsidiary|company|||||
|Other creditors and accruals||||||19208|10688|
|||||||39,023|28,632|
|Movement
in funds||||||||
|||||At|Net movement||At|
|||||1/01/2021|in funds|Transfers|31/12/20|
||||||F|E||
|Endowment
fund||||41 090|7 170||48260|
|Restricted funds||||||||
|Tennis courts (1)||||16,557|1,264||17,821|
|Stables —Community|Centre (2)|||4,250|(4,250)|||
|Outdoor sports equipment||(3)||||2,000|2,000|
|Donation —restoration|(4)||||15000|-|15000|
|Total Restdicted
Funds||||20 807|12014|2 000|34821|
|Unrestricted
funds||||453,693|78,362|48,000|580,055|
|Designated
renovation|fund|(5)||50 000||(550000||
|||||565,590|97,546||663,136|
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|Comparativ|e
M|ovem|ent
in funds|||||
|---|---|---|---|---|---|---|---|
||||||Net|||
|||||At|movement||At|
|||||1/01/2020
6|in funds
f|Transfers|31/12/20
6|
|Endowment|fund|||37417|3673||41 090|
|Restricted|funds|||||||
|Tennis courts (1)||||33,246|(16,689)||16,557|
|Stables —Community|||Centre (2)|4250|||4250|
|Total Restricted||Funds||37496|~16689||20807|
|Unrestricted|funds|||401,833|51,860||453,693|
|Designated|renovation||fund(3)|50000|||50000|
|||||526,746|38,844||565,590|
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