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||||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|
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|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||||||
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||||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|
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|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|
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|||||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|
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|---|---|---|---|---|---|---|---|---|
|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||
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|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|
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|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|
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|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|
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|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|
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||||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|
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|||||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|
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|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|
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|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|
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|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|
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