**REGISTERED CHARITY NUMBER: 1156072**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2022**
**for St Agnes Miners and Mechanics Institute (2013)**
Atkins Ferrie Chartered Accountants Lakeside Offices The Old Cattle Market Coronation Park Helston Cornwall TR13 0SR
**St Agnes Miners and Mechanics Institute (2013)**
## **Contents of the Financial Statements for the Year Ended 31 March 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Cash Flow Statement**|7|
|**Notes to the Cash Flow Statement**|8|
|**Notes to the Financial Statements**|9 to 15|
|**Detailed Statement of Financial Activities**|16 to 17|
**St Agnes Miners and Mechanics Institute (2013)**
## **Report of the Trustees**
## **for the Year Ended 31 March 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The object of the Charity is the provision of and maintenance of a village hall for the use of inhabitants of the Parish of St Agnes and the neighbourhood.
## **Significant activities**
The Charity, a CIO, is responsible for the management and operation of a building gifted to the local community as a 'village hall' which is to be used for the benefit of all local residents. Trustees are appointed to the CIO in line with its constitution. The Trustees are responsible for ensuring that the MMI is used in the manner laid down in the original deeds by the benefactor John Passmore Edwards. Activities include the provision of the village hall for any charitable purpose and for the benefit of the inhabitants of St Agnes, Cornwall as the Trustees of the Charity see fit.
## **Public benefit**
We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the Trustees consider how planning activities will contribute to those aims and objectives.
The Charity is a not-for-profit organisation set up to provide facilities that meet the needs of the local population. It continues to seek ways to develop the usage of the MMI facilities. The day-to-day management of the MMI is effectively managed by the Community Development Manager. The Trust relies heavily on income generated from room lettings in the premises. The CDM has established procedures that ensure the rooms are being used effectively and matched to the hirer's needs. The success of this strategy over the past few years is seen in the large number of regular and repeat bookings, particularly with local groups and clubs. The use of the facilities by the public has included:
1) Local government groups holding discussion seminars and also public information meetings.
2) Toddler groups for mums and dads and their offspring.
3) Local art groups, writing groups and music groups regularly holding workshops.
4) A monthly community market has been established to enable local home based people to display and sell their goods. This has increased in size and usually occupies three spaces on each occasion it runs.
5) A community cafe providing a venue for many of the elderly within the parish as well as visitors to the Parish.
6) A twice monthly 'Memory Café' for those affected by Dementia.
7) Private events such as birthday, anniversary and retirement parties as well as wakes.
8) The monthly Community Cinemas, popular and successful events that support the upkeep of the building. As well as a monthly film programme, there is now an 'other' film, an alternative film night showing which includes light refreshment. This has proved a successful social venture.
9) Local activity groups, eg Photography Club and Cornish Traction Engine Group regularly use rooms.
10) The Trust has linked up with Carn to Cove, a Cornish Charity specialising in putting small scale performance art into local communities. During this year the joint events have proved very successful in bringing live performances to the residents of St Agnes.
11) The now well established 'Well-Being' Studios continues to thrive, attracting a wide range of the population. Two room that have been adapted to facilitate activities such as Yoga, Pilates and other movement events. A wide range of courses are offered ranging from Yoga for Mums and toddlers to Ballet for adults. All the courses are well supported again now as confidence returns after the pandemic.
## **ACHIEVEMENT AND PERFORMANCE**
## **Review of developments**
This year has been all about returning to the new normal after the Covid 19 pandemic. Over the year we have reopened until fully functioning with groups gradually gaining confidence and people coming back to enjoy meeting with others again.
## **FINANCIAL REVIEW**
## **Financial position**
The attached financial statements show the current state of the finances. The deficit for the year is £48,646 (2021: £101,700 surplus).
Unrestricted reserves show a surplus of £162,567 (2021: £212,913 surplus), with restricted funds showing a surplus of £332,081 (2021: £330,381 surplus). Free reserves total £135,493 (2021: £190,985).
Page 1
**St Agnes Miners and Mechanics Institute (2013)**
## **Report of the Trustees**
## **for the Year Ended 31 March 2022**
## **FINANCIAL REVIEW Reserves policy**
As a result of selling the two properties in December 2020, the charity now has a healthy unrestricted reserve of over £100,000.
This is held to contribute towards the on-going maintenance of the building.
## **FUTURE PLANS**
The Trust is responsible for ensuring a very old building is fit for the purpose it is intended. This requires continual expenditure on maintaining the building and is an ongoing process.
Even though the Trust has a relatively healthy bank balance as a result of the sale of the shop, the Trustees recognise the importance to continue to develop income streams to secure the long term future of the MMI. To help with the need for additional funds, the Trust has continued to encourage users to make donations to the Trust that can be supported through the Gift Aid Scheme it has established. Additionally the Trust has set up a "Friends of the St Agnes MMI" scheme to encourage local people to make regular donations to the Trust.
At the present time the building is able to meet the demands from the local population, but the Trust has agreed that if any significant development is required this will only be undertaken if capital funding is available and where possible Trustees will seek the opportunity to apply for external funding to match the Trust's input. We have been in touch with a local professional fund-raiser with this in mind.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is a CIO, controlled by its governing document, a deed of trust, and constitutes an incorporated charity.
## **Recruitment and appointment of new trustees**
At its incorporation in 2014 the charity (CIO) had three trustees. During this year several trustees left after many years of hard work and service to the MMI; Jim Noonan, Simon Tonkin, Iain Norman, Joan Norman and Allan Ackroyd. Two new trustees joined; Ben Jackson and Anna Merrick. As of 31 March 2022 the number of trustees is four.
As part of its constitution the Board of Trustees are charged, when considering the appointment of a Trustee, to consider persons with "skills, knowledge and experience needed for the effective administration of the CIO". A newly appointed Trustee engages in an induction programme that ensures a) they are aware of the aims and objectives of the Trust and b) are aware of their role and responsibilities as a Trustee governed by the Charity Commission. They are given a copy of Commission's Welcome Pack. During their first few months they are mentored by a more experienced Trustee.
## **Organisational structure**
In 2014, following approval from the Charity Commissioner to create a CIO to replace the existing Trust, St Agnes Miners & Mechanics Institute (2013), was incorporated and began the preparation for taking on the responsibilities and assets of the old Trust. From 1st April 2016, the new Trust assumed full responsibility for the operation and management of the assets of the old Trust, in particular the building known as the Miners & Mechanics Institute (MMI).
In February 2017, the Trust appointed a Community Development Manager who has the responsibility for the day-to-day operation and management of the premises. The post is currently a part-time position.
## **Risk management**
The trustees have a risk management strategy which comprises of an annual review to discuss those risks identified and plan procedures to minimise any potential impact on the charity should those risks materialise.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1156072
## **Principal address**
18 Vicarage Road St Agnes TR5 0TL
Page 2
**St Agnes Miners and Mechanics Institute (2013)**
## **Report of the Trustees**
## **for the Year Ended 31 March 2022**
## **Trustees**
Mr J Noonan (resigned 21.3.2022) Mr S Tonkin (resigned 2.7.2021) Mrs J Norman (resigned 7.5.2021) Mr I Norman (resigned 1.7.2021) Mrs E Sandham (resigned 31.8.2022) Mr A Ackroyd (resigned 21.3.2022) Ms A Jones Mrs A Merrick (appointed 31.3.2022) Mr A Dovey (appointed 1.9.2022) Mr B Jackson (appointed 1.2.2022)
## **Independent Examiner**
Thomas Michael Tripp FCCA ACA Atkins Ferrie Chartered Accountants Lakeside Offices The Old Cattle Market Coronation Park Helston Cornwall TR13 0SR
## **Solicitors**
Nalders Solicitors 38-39 Lemon Street Truro TR1 2NA
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................. Mrs A Merrick - Trustee
Page 3
## **Independent Examiner's Report to the Trustees of St Agnes Miners and Mechanics Institute (2013)**
## **Independent examiner's report to the trustees of St Agnes Miners and Mechanics Institute (2013)**
I report to the charity trustees on my examination of the accounts of St Agnes Miners and Mechanics Institute (2013) (the Trust) for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Thomas Michael Tripp FCCA ACA Atkins Ferrie Chartered Accountants Lakeside Offices The Old Cattle Market Coronation Park Helston Cornwall TR13 0SR
Date: .............................................
Page 4
## **St Agnes Miners and Mechanics Institute (2013)**
## **Statement of Financial Activities for the Year Ended 31 March 2022**
|Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
1,684
-
Other trading activities
3
64,070
-
Investment income
4
-
-
Other income
5
14,037
4,000
**Total**
79,791
4,000
**EXPENDITURE ON**
Raising funds
6
79,239
-
**Charitable activities**
7
Running cost of premises
48,033
2,300
Other
2,865
-
**Total**
130,137
2,300
Net gains on investments
-
-
**NET INCOME/(EXPENDITURE)**
(50,346)
1,700
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
212,913
330,381
**TOTAL FUNDS CARRIED FORWARD**
162,567
332,081|2022
Total
funds
£
1,684
64,070
-
18,037
83,791
79,239
50,333
2,865
132,437
-
(48,646)
543,294
494,648|2021
Total
funds
£
2,869
15,639
1,450
65,824|
|---|---|---|
|||85,782|
|||47,733
25,802
1,886|
|||75,421|
|||91,339|
|||101,700
441,594|
|||543,294|
The notes form part of these financial statements
Page 5
## **St Agnes Miners and Mechanics Institute (2013)**
## **Balance Sheet 31 March 2022**
|Unrestricted
Restricted
fund
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
12
27,074
331,700
**CURRENT ASSETS**
Stocks
13
1,200
-
Debtors
14
1,909
-
Cash at bank
134,211
381
137,320
381
**CREDITORS**
Amounts falling due within one year
15
(1,827)
-
**NET CURRENT ASSETS**
135,493
381
**TOTAL ASSETS LESS CURRENT LIABILITIES**
162,567
332,081
**NET ASSETS**
162,567
332,081
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2022
Total
funds
£
358,774
1,200
1,909
134,592
137,701
(1,827)
135,874
494,648
494,648
162,567
332,081
494,648|2021
Total
funds
£
351,928
1,000
1,609
189,984
192,593
(1,227)
191,366
543,294
543,294
212,913
330,381
543,294|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs A Merrick - Trustee
The notes form part of these financial statements
Page 6
## **St Agnes Miners and Mechanics Institute (2013)**
## **Cash Flow Statement**
|**for the Year Ended 31 March 2022**
2022
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
(43,468)
Interest paid
-
Net cash (used in)/provided by operating activities
(43,468)
**Cash flows from investing activities**
Purchase of tangible fixed assets
(11,924)
Sale of fixed asset investments
-
Sale of investment property
-
Net cash (used in)/provided by investing activities
(11,924)
**Cash flows from financing activities**
Loan repayments in year
-
Net cash provided by/(used in) financing activities
-
**Change in cash and cash equivalents in the**
**reporting period**
(55,392)
**Cash and cash equivalents at the beginning of**
**the reporting period**
189,984
**Cash and cash equivalents at the end of the**
**reporting period**
134,592|2021
£
15,541
(151)
15,390
(29,237)
91,339
140,000
202,102
(30,722)
(30,722)
186,770
3,214
189,984|
|---|---|
The notes form part of these financial statements
Page 7
## **St Agnes Miners and Mechanics Institute (2013)**
## **Notes to the Cash Flow Statement for the Year Ended 31 March 2022**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
||||2022|2021|
|---|---|---|---|---|
||||£|£|
||**Net (expenditure)/income for the reporting period (as per the Statement of**||||
||**Financial Activities)**||(48,646)|101,700|
||**Adjustments for:**||||
||Depreciation charges||5,078|7,309|
||Losses on investments||-|(91,339)|
||Interest paid||-|151|
||Increase in stocks||(200)|-|
||(Increase)/decrease in debtors||(300)|18|
||Increase/(decrease) in creditors||600|(2,298)|
||**Net cash (used in)/provided by operations**||(43,468)|15,541|
|2.|**ANALYSIS OF CHANGES IN NET FUNDS**||||
|||At 1.4.21|Cash flow|At 31.3.22|
|||£|£|£|
||**Net cash**||||
||Cash at bank|189,984|(55,392)|134,592|
The notes form part of these financial statements
Page 8
**St Agnes Miners and Mechanics Institute (2013)**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound sterling.
## **Income**
Income is derived mainly from 'Other trading activities' which consists of cafe income, bar income and room hire.
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Government grants**
Government grants are recognised as income when there is evidence of entitlement, receipt is probable and the amount can be measured reliably. Grants received are included as unrestricted funds within 'Other income'.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Allocation and apportionment of costs**
Support costs have been allocated between governance costs, management costs and finance costs. Governance costs are those items of expenditure incurred in the course of the charity's statutory obligations and include the cost of independent examination and costs linked to the strategic management of the charity.
Supports costs are mainly allocated to 'Expenditure on raising funds'. The governance costs have wholly been allocated to 'Other resources expended' given they do not relate to the day-to-day activities of the charity.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
**St Agnes Miners and Mechanics Institute (2013)**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Financial instruments**
The CIO only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **Going concern**
There are no material uncertainties regarding the going concern of the CIO.
## **2. DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**|||
|---|---|---|
||2022|2021|
||£|£|
|Donations|1,684|2,869|
Income from donations and legacies consists of monies received from general donations and fundraising activities.
## **3. OTHER TRADING ACTIVITIES**
## **4.**
|Bar income
Room hire
Cafe income
Sundry income
**INVESTMENT INCOME**
Rents received|2022
£
1,947
19,073
40,065
2,985
64,070
2022
£
-|2021
£
-
9,096
5,386
1,157|
|---|---|---|
|||15,639|
|||2021
£
1,450|
## **INVESTMENT INCOME**
## **5. OTHER INCOME**
Other income includes £3,370 (2021: £29,988) received from the Coronavirus Job Retention Scheme.
Further Coronavirus grants of £10,667 (2021: £19,836) were received from Cornwall Council.
Other grants relate to grant income received from St Agnes Parish Council, which was used towards the installation of a new CCTV system and painting and repairing the outside railings.
continued...
Page 10
**St Agnes Miners and Mechanics Institute (2013)**
**Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2022**
## **6. RAISING FUNDS**
## **Raising donations and legacies**
|**Raising donations and legacies**||||
|---|---|---|---|
|Support costs
**Other trading activities**
Purchases
Staff costs
Bar entertainment costs
Cafe - maintenance
Cafe - miscellaneous
Aggregate amounts|2022
£
3,023
2022
£
19,978
52,793
580
953
1,912
76,216
79,239|2021
£
1,275
2021
£
3,132
42,428
180
228
490|2021
£
1,275|
|||46,458||
|||47,733||
## **7.**
## **CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||
|---|---|
||Direct|
||Costs|
||£|
|Running cost of premises|50,333|
## **8. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
|Governance
Management
costs
£
£
Raising donations and legacies
3,023
-
Other resources expended
-
2,865
3,023
2,865|Totals
£
3,023
2,865|
||5,888|
Included in governance costs is £1,560 (2021: £900) relating to fees payable for the independent examination of the financial statements.
Support costs, included in the above, are as follows:
||||2022|2021|
|---|---|---|---|---|
||Raising||||
||donations|Other|||
||and|resources|Total|Total|
||legacies|expended|activities|activities|
||£|£|£|£|
|Telephone|867|-|867|464|
|Postage and stationery|47|-|47|5|
|Advertising|1,589|-|1,589|655|
|Administrative fees|520|-|520|-|
|Interest payable and similar charges|-|-|-|151|
|Accountancy and legal fees|-|2,865|2,865|1,886|
||3,023|2,865|5,888|3,161|
continued...
Page 11
**St Agnes Miners and Mechanics Institute (2013)**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2022**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **10. STAFF COSTS**
|Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Management
Cafe|2022
£
52,281
512
52,793
2022
2
2
4|2021
£
41,954
474|
|---|---|---|
|||42,428|
|||2021
2
3|
|||5|
No employees received emoluments in excess of £60,000.
Contributions recognised as an expense relating to defined contribution pension plans total £512 (2021: £474). There is an amount owing back to the charity of £316 as at 31 March 2022 (2021: £187 creditor). These costs are unrestricted and are allocated to 'Raising funds' as all staff activities relate to the general running and management of the MMI.
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2,869
-
Other trading activities
15,639
-
Investment income
1,450
-
Other income
65,824
-
**Total**
85,782
-
**EXPENDITURE ON**
Raising funds
47,733
-
**Charitable activities**
Running cost of premises
25,802
-
Other
1,886
-
**Total**
75,421
-
Net gains on investments
-
91,339
**NET INCOME**
10,361
91,339|Total
funds
£
2,869
15,639
1,450
65,824|
|---|---|
||85,782|
||47,733
25,802
1,886|
||75,421|
||91,339|
||101,700|
continued...
Page 12
## **St Agnes Miners and Mechanics Institute (2013)**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**12.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2021
Additions
At 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021|Unrestricted
Restricted
fund
funds
£
£
231,339
(231,339)
241,700
(140,000)
(28,787)
470,381
212,913
330,381
Fixtures
Freehold
and
Computer
property
fittings
equipment
£
£
£
330,000
77,114
-
-
11,652
272
330,000
88,766
272
-
55,186
-
-
5,037
41
-
60,223
41
330,000
28,543
231
330,000
21,928
-|Total
funds
£
-
101,700
441,594
543,294
Totals
£
407,114
11,924
419,038
55,186
5,078
60,264
358,774
351,928|Total
funds
£
-|
|---|---|---|---|
||||101,700
441,594|
||||543,294|
The property has been independently valued at £330,000 in 2014 by an independent valuer who holds recognised professional qualifications and has the relevant experience required. The trustees do not consider the current market value to be materially different.
## **13. STOCKS**
Stocks
|2022|2021|
|---|---|
|£|£|
|1,200|1,000|
continued...
Page 13
**St Agnes Miners and Mechanics Institute (2013)**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2022**
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||||2022|2021|
|---|---|---|---|---|---|
|||||£|£|
||Other debtors|||1,909|1,609|
|**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||2022|2021|
|||||£|£|
||Other creditors|||1,827|1,227|
|**16.**|**MOVEMENT IN FUNDS**|||||
|||||Net||
|||||movement||
||||At 1.4.21|in funds|At 31.3.22|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||212,913|(50,346)|162,567|
||**Restricted funds**|||||
||Restricted fund||330,381|-|330,381|
||St Agnes Parish Council||-|1,700|1,700|
||||330,381|1,700|332,081|
||**TOTAL FUNDS**||543,294|(48,646)|494,648|
||Net movement in funds, included in the above are as follows:|||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||79,791|(130,137)|(50,346)|
||**Restricted funds**|||||
||St Agnes Parish Council||4,000|(2,300)|1,700|
||**TOTAL FUNDS**||83,791|(132,437)|(48,646)|
||**Comparatives for movement in funds**|||||
||||Net|Transfers||
||||movement|between||
|||At 1.4.20|in funds|funds|At 31.3.21|
|||£|£|£|£|
||**Unrestricted funds**|||||
||General fund|(28,787)|10,361|231,339|212,913|
||**Restricted funds**|||||
||Restricted fund|470,381|91,339|(231,339)|330,381|
||**TOTAL FUNDS**|441,594|101,700|-|543,294|
continued...
Page 14
**St Agnes Miners and Mechanics Institute (2013)**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2022**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|85,782|(75,421)|-|10,361|
|**Restricted funds**|||||
|Restricted fund|-|-|91,339|91,339|
|**TOTAL FUNDS**|85,782|(75,421)|91,339|101,700|
Restricted funds totalling £330,000 consist of the freehold property transferred to the CIO which is to be used in line with the charitable objectives.
During the year, £2,000 was received from St Agnes Parish Council for the installation of a new CCTV system. All funds have been fully utilised during the year. The amount of £1,700 within restricted funds at 31 March 2022 relates to the fixed asset purchase of the CCTV system less depreciation charged in the year.
During the year, £2,000 was also received from St Agnes Parish Council for the painting and repairing the outside railings. All funds have been fully utilised during the year.
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 15
## **St Agnes Miners and Mechanics Institute (2013)**
## **Detailed Statement of Financial Activities**
## **for the Year Ended 31 March 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Bar income
Room hire
Cafe income
Sundry income
**Investment income**
Rents received
**Other income**
Government grants
Other grants
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Purchases
Wages
Pensions
Bar entertainment costs
Cafe - maintenance
Cafe - miscellaneous
**Charitable activities**
Rates and water
Insurance
Light and heat
Sundries
Repairs and renewals
Depreciation of tangible fixed assets
**Support costs**
**Management**
Telephone
Postage and stationery
Advertising
Administrative fees|2022
£
1,684
1,947
19,073
40,065
2,985
64,070
-
14,037
4,000
18,037
83,791
19,978
52,281
512
580
953
1,912
76,216
2,661
3,182
5,804
7,510
26,098
5,078
50,333
867
47
1,589
520
3,023|2021
£
2,869
-
9,096
5,386
1,157
15,639
1,450
49,824
16,000
65,824
85,782
3,132
41,954
474
180
228
490
46,458
(569)
3,143
2,702
3,284
9,933
7,309
25,802
464
5
655
-
1,124|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16
## **St Agnes Miners and Mechanics Institute (2013)**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2022**
**Management**
**Finance**
Interest payable
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net (expenditure)/income**|2022
£
-
2,865
132,437
(48,646)
-
(48,646)|2021
£
151
1,886|
|---|---|---|
|||75,421|
|||10,361
91,339|
|||101,700|
This page does not form part of the statutory financial statements
Page 17