2021-12-31-accounts

			Pages
Trustees'	annual report		1 to 7
Independent examiner's report to the trustees
Statement	offinancial	activities
Statement	offinancial	position	10
Notes to the financial statements			11 to 22

Registered	charity	name	Sid Vale Association	CIO
Charity registration		number	1154749
Principal office			36a Fore Street
			Sidmouth
			Devon
			EX108AQ
President			A Darrant
The trustees			E Harrison - Chairman		Appointed	Chairman	17May 2021
			E Warren - Secretary
			G Turner —Treasurer
			N Hyman
			R Thurlow		Resigned	11 May 2021
					(Trustee	and Chairman)
			V Huntington
			D Fuller		Resigned	18March	2021
			P Brookes		Resigned	29 April 2021
			R Huntington
			H Hodge A Tanner - Vice chairman		Appointed	Vice Chairman		17May 2021
			A Clarke		Appointed	28 June	2021
Company secretary			E Warren
Independent	examiner		N Smy ACA Thomas Westcott Chartered		Accountants
			Queens House
			New Street
			Honiton
			Devon
			EX141BJ
Bankers			CAF Bank Ltd
			25 Kings Hill Avenue
			Kings Hill
			West Mailing
			ME19 4TA
			HSBC Bank Pic
			Fore Street
			Sidmouth
			Devon
			EX108AA

			Year ended	31 December 2021	31 December 2021
				2021			2020
			Unrestricted	Restricted	Endowment
			funds	funds	funds	Totalfunds	Total funds
		Note	E	E	E	E	E
Income and endowments Donations and legacies Other trading activities Investment income		4 5 6	26,717 19,475 81,048			26,717 19,475 81,048	17,372 6,410 75,320
Total income			127,240			127,240	99,102
Expenditure
Expenditure on charitable activities		7,8	(84,874)	(5,691)		(90,565)	(153,158)
Total expenditure			(84,874)	(5,691)		(90„565)	(153,158)
Net gains on investments		11	10,992		292,030	303,022	224,725
Net income and net
movement in funds			53,358	(5,691)	292,030	339,697	170,669
Reconciliation offunds Total funds brought forward			742,605	21,111	3,095,270	3,858,986	3,688,317
Total funds carried	forward		795,963	15,420	3,387,300	4,198,683	3,858,986

Donations and legacies
	Unrestricted	Restricted	Total Funds
2021	Funds 5	Funds	2021 6
Donations
Donations	4,759		4,759
Regular giving and capital donations	3,089		3,089
Legacies Legacies	2,000		2,000
Grants Grants receivable	16,869		16,869
	26,717		26,717
	Unrestricted	Restncted	Total Funds
2020	Funds	Funds 6	2020 6
Donations Donations	2,795	20	2,815
Regular giving and capital donations	2,025		2,025
Legacies
Legacies
Grants Grants receivable	12,532		12,532
	17,352	20	17,372

Other tr	ading	acti	vities
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2021	Funds f	2020 f
Income services Income	from from	sales other	ofgoods and trading activities		18,375 1,100	18,375 1,100	5,310 1,100	5,310 1,100
					19,475	19,475	6,410	6,410

				Unrestricted	Total	Funds	Unrestricted	Total	Funds
				Funds		2021	Funds		2020
				F		6	5		6
Income	from	listed	investments	81,048		81,048	75,320		75,320

Expenditure	on	charitable	activities	by fund type
					Unrestricted	Restncted	Total	Funds
2021					Funds f	Funds		2021 6
Awards					17,600			17,600
Other charitable		activities			58,477	5,691		64,168
Support costs					8,797			8,797
					84,874	5,691		90,565
					Unrestricted	Restricted	Total	Funds
2020					Funds	Funds		2020
					9	6		F
Awards					16,176			16,176
Other charitable		activities			114,037	17,877	131,914
Support costs					5,068			5,068
					135,281	17,877	153,158

Expenditure	on	charitable activ	ities by activity type
			Activities
			undertaken		Total funds	Total fund
			directly Support costs f 5		2021 f	2020 5
Awards			17,600		17,600	16,176
Other charitable		activities	64,168		64,168	131,914
Governance	costs			8,797	8,797	5,068
			81,768	8,797	90,565	153,158

Analysis of	suppo	rt cos	ts
				Unrestricted Tots I Funds		Unrestricted	Total Funds
				Funds 6	2021	Funds F	2020 f
Independent Insurance	examination		fees	1,580 2,897	1,580 2,897	1,060 1,637	1,060 1,637
Other governance		costs		4,320	4,320	2,371	2,371
				8,797	8,797	5,068	5,068

11.	Net gains on	investment	s
						Unrestricted	Endowment	Total Funds
	2021					Funds	Funds	2021
						6	6
	Gains/(losses)	on listed	investments			10,992	292,030	303,022
						Unrestncted	Endowment	Total Funds
	2020					Funds	Funds	2020
						5	6	6
	Gains/(losses)	on listed	investments			8,152	216,573	224,725
12.	Net income
	Net income is stated after			charging/(crediting):			2021	2020
								5
	Depreciation	oftangible	fixed assets				3,841	3,841
13.	Independent	examination		fees
							2021 f	2020 6
	Fees payable Independent	to the independent examination ofthe			examiner for: financial statements		1,580	1,060

16.	No trustee, nor any person connected with them, from the Charity during the year. Tangible fixed assets	have received any	remuneration	or expenses
		Land and	Plant and
		buildings f	machinery F	Tots I
	Cost
	At 1January 2021 and 31 December 2021	263,306	22,663	285,969
	Depreciation At 1 January 2021 Charge for the year		18,318 3,841	18,318 3,841
	At 31 December 2021		22,159	22,159
	Carrying amount At 31 December 2021	263,306	504	263,810
	At 31 December 2020	263,306	4,345	267,651
17.	Heritage assets
				Heritage
				asset
	Cost orvaluation
	At 1January 2021 and 31 December 2021			401
	Accumulated depreciation
	At 1January 2021 and 31 December 2021
	Carrying amount At 31 December 2021			401
	At 31 December 2020			401

			Y	ear ended 31 December 2021
18.	Investments
						Other
						investments
						E
	Cost or valuation
	At 1 January 2021					3,213,855
	Additions
	Fair value movements					279,938
	At 31 December 2021					3,493,793
	Impairment
	At 1 January 2021	and 31 December 2021
	Carrying amount At 31 December 2021					3,493,793
	At 31 December 2020					3,213,855
	All investments shown		above are held at valuation.
	The above carrying	amounts		are recognised as followrci
						2021
						E
	At 31 December 2021
	Held at fair value					3,493,793
	Held at historical cost					3,108,201
	At 31 December 2020
	Held at fair value					3,213,855
	Held at historical cost					3,046,502
19.	Stocks
					2021	2020
					E	E
	Raw materials and consumables				8,000	13,000
20.	Debtors
					2021	2020
					E
	Other debtors				1,000	2,118
21.	Creditors: amounts		falling	due within one year
					2021	2020
						E
	Other creditors				7,376	7,288

				At				Gains and	At
2021			1	Jan 2021	Income	Expenditure	Transfers	losses 31 Dec 2021
				6	6	5		F
General	Funds			722,605	127,240	(84,874)	(5,000)	10,992	770,963
Designated		Fund		20,000			5,000		25,000
				742,605	127,240	(84,874)	—	10,992	795,963
				At				Gains and	At
2020			1	Jan 2020 5	Income f	Expenditure 5	Transfers 5	losses 31 Dec 2020 f 5
General	Funds			755,652	99,082	(135,281)	(5,000)	8,152	722,605
Designated		Fund		15,000			5,000		20,000
				770,652	99,082	(135,281)	—	8,152	742,605

Restricted	funds
			At				Gains and	At
2021		1	Jan 2021	Income	Expenditure	Transfers	losses 31	Dec 2021
			F		6	F	5
Restricted	Fund		21,111		(5,691)			15,420
			At				Gains and	At
2020		1	Jan 2020	Income	Expenditure	Transfers	losses 31	Dec 2020
			5	5	5	E	F	F
Restricted	Fund		38,968	20	(17,877)			21,111

Endowment	funds
			At				Gains and	At
2021		1	Jan 2021	Income	Expenditure	Transfers	losses 31 Dec 2021
			6		5	6	F	6
Permanent
Endowment	Fund		3,095,270				292 030	3387300
			At				Gains and	At
2020		1	Jan 2020	income 5	Expenditure 6	Transfers	losses 31 Dec 2020 f F
Permanent
Endowment	Fund		2,878,697				216,573	3,095,270

Analysis ofnet as	sets between	funds
		Unrestricted	Restncted	Endowment	TotalFunds
2021		Funds f	Funds f	Funds f	2021 6
Tangible fixed assets Heritage assets Investments		263,810 401 106,493		3,387,300	263,810 401 3,493,793
Current assets		432,635	15,420		448,055
Creditors less than	1 year	(7,376)			(7,376)
Net assets		795,963	15,420	3,387,300	4,198,683
		Unrestricted	Restncted	Endowment	Total Funds
2020		Funds 6	Funds F	Funds f	2020 f
Tangible fixed assets Heritage assets Investments		267,651 401 118,585		3,095,270	267,651 401 3,213,855
Current assets		363,256	21,111		384,367
Creditors less than	1 year	(7,288)			(7,288)
Net assets		742,605	21,111	3,095,270	3,858,986