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2021-02-28-accounts

Trustees'
Report
Statement of Trustees'
Responsibilities
Independent
Examiner's
Report
Statement of Financial Activities
Balance Sheet
Statement ofCash flows
Notes to the Financial Statements

Note Unrestricted Designated Restricted Total Total
funds funds funds 2021 2020
f f f E f
Income from:
Donations
and legacies		 500
Charitable
activities-
continuing		 37,165 3,059 40,224 53,907
Investments 31,543 1,059 32,602 47,164
Total income 68,708 4,118 72,826 101,571
Expenditure
on:
Charitable
activities-
Continuing 83,305 41,487 3,462 128,254 114,484
Total expenditure 83,305 41,487 3,462 128,254 114,484
Net income/(expenditure)
before unrealised (14,597) (41,487) 656 (55,428) (12,913)
investment
gains/(losses)
Net gains/(losses)
on
investments		 10 4,446 17,502 21,948 (20,536)
Net income/(expenditure) (10,151) (23,985) 656 (33,480) (33,449)
Transfers between funds (8,287) 8,787 (500)
Net movement
in funds		 (18,438) (15,198) 156 (33,480) (33,449)
Reconciliation offunds
Funds brought forward 99,774 3,830,064 122,458 4,052,296 4,085,745
Funds carried forward 81,336 3,814,866 122,614 4,018,816 4,052,296

Note 2021 2020
f f
Fixed assets
Tangible assets 9 2,880,052 2,822,405
Investments 10 813,289 761,887
3,693,341 3,584,292
Current assets
Assets held for resale 52,065
Debtors 12 16,134 61,111
Cash at bank 276,485 420,458
344,684 481,569
Creditors: amounts falling due within one year 13 19,209 13,565
Net current assets 325,475 468,004
Net assets 4,018,816 4,052,296
Funds ofthe charity
Restricted income funds 16 122,614 122,458
Unrestricted
funds
Designated
fixed assets fund		 16 2,880,052 2,822,405
Other designated funds 16 934,814 1,007,659
Unrestricted
general		 funds 16 81,336 99,774
Total unrestricted funds 3,896,202 3,929,838
Total charity funds 4,018,816 4,052,296

Note 2021 2020
f f
Cash flows from operating
activities
Net income/(expenditure)
before unrealised
investments		 losses on (55,428) (12,913)
Adjustments
to cash flows from non-cash		 items
Depreciation 7,110 3,471
Investment
income		 (32,602) (47,164)
Working capital adjustments
Decrease /(Increase)
in debtors		 12 44,977 (28,340)
Increase
in creditors		 5,644 6,412
Net cash from operating
activities		 (30,299) (78,534)
Cash flows from investing
activities
Interest receivable
and similar income		 32,602 47,164
Net gains/(losses)
on investments		 21,948 (20,536)
Purchase oftangible
fixed assets		 (64,757) (2,169)
Costs incurred
on assets held for resale		 (52,065)
Net cash from investing
activities		 (62,272) 24,459
Net (decrease)/increase
in cash and cash equivalents		 (92,571) (54,075)
Cash and cash equivalents
at 1March 2020		 1,182,345 1,236,420
Cash and cash equivalents
at 28 February 2021		 18 1,089,774 1,182,345

Unrestricted Restricted Total Total
funds funds 2021 2020
f f f f
From individuals 500
. Income from charitable activities
Unrestricted Restricted Total Total
funds funds 2021 2020
f f f f
Rental income 15,700 15,700 15,825
Grants and subsidies 21,465 3,059 24,524 37,885
Other income 197
37,165 3,059 40,224 53,907

mounted
tof3,655the balance off5
.
Investment
income		 0,252 relating to u nrestricted
funds		 .
Unrestricted Restricted Total Total
funds funds 2021 2020
f f f f
Income from Eden Tree investment 29,454 29,454 43,121
Bank deposit interest 2,089 1,059 3,148 4,043
31,543 1,059 32,602 47,164

Unrestricted Designated Restricted Total Total
funds
f		 funds
f		 funds
f		 2021
f		 2020
f
Salaries and
contributions		 pension 46,375 46,375 46,879
Employers' NIC 326 326 853
Sub-contract 14,556 14,556 22,424
Site maintenance 13,110 1,810 3,462 18,382 7,737
Bodwannick site development 32,567 32,567 20,526
Property 2,489 7,110 9,599 6,282
Office 800 800 535
Travel &subsistence 1,339 1,339 1,452
Legal and professional 2,484 2,484 6,108
Governance 1,464 1,464 1,489
Sundry 362 362 199
83,305 41,487 3,462 128,254 114,484

et income/ex penditure for the year includes:
2021 2020
f f
Depreciation oftangible fixed assets 7,110 3,471
Independent examiner fees 1,200 1,000

he aggregat e
payroll costs were as follows:
2021 2020
f E
Salaries 44,623 45,146
Pension contributions 1,752 1733
Employers' NIC 326 853
46,701 47,732

9. Tangible fixed assets
Land &
buildings		 Fixtures,
fittings &
equipment
f		 Total
f
Cost
At 1March 2020 2,826,260 10,685 2,836,945
Additions 54,151 10,606 64,757
At 28 February 2021 2,880,411 21,291 2,901,702
Depreciation
At 1March 2020 8,424 6,116 14,540
Charge for the year 2,875 4,235 7,110
At 28 February 2021 11,299 10,351 21,650
Net book value
At 29 February 2020 2,817,836 4,569 2,822,405
At 28 February 2021 2,869,112 10,940 2,880,052
10.Investments
2021 2020
f f
Investments
at valuation		 at 1March 2020 761,887 739,302
Income reinvested 29,454 43,121
Revaluation 21,948 (20,536)
Investments
at valuation		 at 28 February 2021 813,289 761,887

received for the sale, and
12.Debtors		 have been included
in the balance she		 et as assets held for resale .
2021 2020
f f
Trade debtors 137 5,336
Other debtors 11,875 16,946
Accrued income 3,801 38,523
Prepayments 321 306
16,134 61,111
13.Creditors: amounts due within one year
2021 2020
f f
Trade creditors 9,362 11,105
Accruals 9,240 1,500
Taxation and Social Security 607 960
19209 13565

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o designated
fixed assets to reflect t
17.Analysis ofnet assets between		 o designated
fixed assets to reflect t
17.Analysis ofnet assets between		 o designated
fixed assets to reflect t
17.Analysis ofnet assets between		 he use ofthis fund
funds		 to purchase
equ		 ipment
at a co		 st off2,169.
At 28 February 2021 Unrestricted
general		 Designated
funds		 Restricted
funds		 Total funds
f
funds f
f
Tangible fixed assets 2,880,052 2,880,052
Investments
held		 as fixed assets 81,336 731,953 813,289
Current assets 19,209 202,861 122,614 344,684
Current liabilities (19,209) (19,209)
Total net assets 81,336 3,814,866 122,614 4,018,816
At 29 February 2020 Unrestricted
general		 Designated
funds		 Restricted
funds		 Total funds
f
funds f
f
Tangible fixed assets 2,822,405 2,822,405
Investments
held		 as fixed assets 85,785 676,102 761,887
Current assets 27,554 331,557 122,458 481,569
Current liabilities (13,565) (13,565)
Total net assets 99,774 3,830,064 122,458 4,052,296
8.Cash and cash equivalents
2021 2020
f f
Cash at bank and in hand 276,485 420,458
Investments 813,289 761,887
1,089,774 1,182,345