Company registration number: 09016329 Charity registration number: 1157339
## Bell House Dulwich
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2020
Hodson & Co Wiston House 1 Wiston Avenue Worthing West Sussex BN14 7QL
## **Bell House Dulwich**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Statement of Trustees' Responsibilities|5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7 to 8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 20|
## **Bell House Dulwich**
## **Reference and Administrative Details**
**Trustees** P A Hanton D R H Evans A T Hanton F D Hanton S D O'Connor **Principal Office** Bell House 27 College Road Dulwich London SE21 7BG The charity is incorporated in England & Wales. **Company Registration Number** 09016329 **Charity Registration Number** 1157339 **Independent Examiner** Hodson & Co Wiston House 1 Wiston Avenue Worthing West Sussex BN14 7QL
Page 1
## **Bell House Dulwich**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2020.
## **Trustees**
P A Hanton
D R H Evans
A T Hanton
F D Hanton (appointed 13 February 2021)
S D O'Connor (appointed 31 March 2021)
## **Objectives and activities**
## _**Objects and aims**_
The charity's object and principal activities is to advance education in any part of the world.
The aim of the charity is for Bell House to offer support for dyslexia and other learning differences and to provide enrichment through learning beyond the school curriculm and beyond school age.
## _**Objectives, strategies and activities**_
The charity is able to offer short courses and learning events including support for dyslexia and other learning differences.
## _**Public benefit**_
The charity's main activity is educational offering courses and support for all age groups.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
## **Achievements and performance**
Bell House Dulwich has successfully weathered the Covid-19 storm due to the hard work of the many volunteers who run the charity. We have established a series of new talks and events using online platforms and this has allowed us to extend our reach as well as creating opportunity for many who would struggle physically to get to the house. This has included dyslexia-related events, and talks about nature and sustainability. The mental wellbeing talks have been invaluable over the last year, and moving our dyslexia talks online has increased the reach. The dyslexia screening programme had to be halted over the lockdowns but a few were carried out last June 2020 but again had to be stopped in the autumn. Many existing events successfully transitioned onto online platforms such as our quilting and film-making classes. A new series of talks and events on local history has been established as well as talks to support individuals in lock-down including online exercise classes and supporting people using mobile phones and the internet for the first time. Also, our films and recordings enable us to reach an even wider audience. We have also increased our volunteer base which has become younger.
In the garden, the volunteer gardening has helped many people to get exercise and to combat loneliness, whilst following social distancing guidelines. We raised funds for a nature pond and the process of making the garden more nature-friendly and educational has progressed with measures to help wildlife as well as the productive bee-keeping.
In making the house more sustainable there has been a great deal of work done - such as creating the infrastructure for a carbon-free Ground Source Heat Pump heating system, and increasing the number of windows with secondary double glazing.
All this work, as well as coping with the inevitable costs of Covid-19, has been done without any government or local authority support but many, many individuals have contributed both financially and with their time.
Page 2
## **Bell House Dulwich**
## **Trustees' Report**
## **Financial review**
## _**Policy on reserves**_
The trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. The trustees will continue to review the financial affairs of the charity with the aim to increase income, cut costs and to improve overall control of its operations. The trustees consider that the present level of funding will be adequate to support the continuation of the charity and for it to fulfil its obligations.
## **Going concern**
The charity has reviewed its financial performance and general reserves position. The charity has adequate financial resources and is able to manage its business risks. The charity's planning process has taken into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure.
## Covid-19 Statement
The trustees have considered the impact that the Covid-19 pandemic will have on the charity's current and future financial position.
The charity responded quickly to reduce the risks of Covid-19 by introducing social distancing and infection control measures. This has had an impact on the support and courses operated, and many talks and events are now held online.
There is a risk that income levels from donations will drop in the current year but the charity has sufficient assets and reserves for the trustees to consider it appropriate to adopt the going concern basis for the preparation of the accounts, as detailed in note 1 to the financial statements.
Taking into account all factors the charity has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future and believe that there are no material uncertainties that call into the charity's ability to continue in operation. Accordingly, the accounts have been prepared on the basis that the charity is a going concern.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is governed by a memorandum and articles of asscociation and is limited by guarantee and has no share capital.
## _**Recruitment and appointment of trustees**_
All directors of the company are also trustees of the charity, and there are no other trustees. The Board has the power to appoint additional trustees as it considers fit to do so.
None of the trustees has any beneficial interest in the charity.
## _**Induction and training of trustees**_
Potential trustees are selected on the basis of their personal qualities and familiarity with the operations of the charity. New trustees are made familiar with the charity vision, operation and goals by dialogue with existing personnel and provision of minutes and other literature pertaining to charity activity.
Page 3
## **Bell House Dulwich**
## **Trustees' Report**
## _**Organisational structure**_
The charity is organised so that the trustees meet regularly to manage its affairs. The charity is overseen by the trustees, supported by volunteers. The charity operates in the UK from premises in Dulwich, London.
Key strategic and administrative decisions are made by agreement of the trustees.
## **Financial instruments**
## _**Objectives and policies**_
The trustees actively review the major risks that the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with the annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
The annual report was approved by the trustees of the charity on 22 September 2021 and signed on its behalf by:
......................................... A T Hanton Trustee
Page 4
## **Bell House Dulwich**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Bell House Dulwich for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 22 September 2021 and signed on its behalf by:
......................................... A T Hanton Trustee
Page 5
## **Bell House Dulwich**
## **Independent Examiner's Report to the trustees of Bell House Dulwich**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 7 to 20.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Bell House Dulwich (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Bell House Dulwich are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Bell House Dulwich as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
...................................... Matthew Hodson FCA Independent Examiner
Wiston House 1 Wiston Avenue Worthing West Sussex BN14 7QL
22 September 2021
Page 6
## **Bell House Dulwich**
## **Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Other income
5
Total Income
**Expenditure on:**
Raising funds
Charitable activities
6
Total Expenditure
Net gains on investment assets
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16
**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Other income
5
Total income
**Expenditure on:**
Raising funds
Charitable activities
6
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**£**
18,501
4,321
102,103
124,925
(1,050)
(299,812)
(300,862)
73,311
(102,626)
(102,626)
10,232,708
10,130,082
**Unrestricted**
**funds**
**£**
51,917
3,124
107,600
162,641
(11,323)
(303,310)
(314,633)
61,800
(90,192)
(90,192)
10,322,900
10,232,708|**Unrestricted**
**£**
18,501
4,321
102,103||**Total**
**2020**
**£**
18,501
4,321
102,103|
|---|---|---|---|---|
|||124,925||124,925|
|||(1,050)
(299,812)||(1,050)
(299,812)|
|||(300,862)
73,311||(300,862)
73,311|
|||(102,626)||(102,626)|
|||(102,626)
10,232,708||(102,626)
10,232,708|
|||10,130,082||10,130,082|
|||||**Total**
**2019**
**£**
51,917
3,124
107,600|
|||||162,641|
|||||(11,323)
(303,310)|
|||||(314,633)
61,800|
|||||(90,192)|
|||||(90,192)
10,322,900|
|||||10,232,708|
The notes on pages 10 to 20 form an integral part of these financial statements. Page 7
## **Bell House Dulwich**
## **Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 16.
The notes on pages 10 to 20 form an integral part of these financial statements. Page 8
## **Bell House Dulwich**
## **(Registration number: 09016329) Balance Sheet as at 31 December 2020**
|**Note**
**Fixed assets**
Tangible assets
11
Investments
12
**Current assets**
Debtors
13
Cash at bank and in hand
14
**Creditors: Amounts falling due within one year**
15
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
16|**2020**
**£**
9,266,610
649,100
9,915,710
94,759
122,705
217,464
(3,092)
214,372
10,130,082
10,130,082
10,130,082|**2019**
**£**
9,269,774
792,593|
|---|---|---|
|||10,062,367|
|||1,495
171,732|
|||173,227
(2,886)|
|||170,341|
|||10,232,708|
|||10,232,708|
|||10,232,708|
For the financial year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 7 to 20 were approved by the trustees, and authorised for issue on 22 September 2021 and signed on their behalf by:
......................................... A T Hanton Trustee
The notes on pages 10 to 20 form an integral part of these financial statements. Page 9
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1 Charity status**
The charity is limited by share capital, incorporated in England & Wales.
The address of its registered office is: Bell House 27 College Road Dulwich London SE21 7BG
These financial statements were authorised for issue by the trustees on 22 September 2021.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Bell House Dulwich meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The financial statements have been prepared on a going concern basis. The trustees have considered the relevant information, including the future cash flows and the impact of subsequent events in making their assessment. The Covid-19 pandemic and the ensuing economic shutdown have had a significant impact on the charity's operations.
The charity has significant reserves to facilitate any deficits that would arise from the future impact of Covid-19.
Based on these assessments and having regard to the resources available, the trustees have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in the financial statements.
Page 10
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Judgements**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Buildings are depreciated over their remaining useful economic lives, taking into account residual value. Land apportionment is estimated. The remaining useful economic life of an asset and any residual value are assessed annually by the trustees.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Page 11
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Freehold land is not depreciated as it is considered to have an indefinite useful life.
Buildings are depreciated over a maximum period of 50 years. The remaining expected life of buildings is reviewed annually by the trustees and, where material, the accumulated and future depreciation is adjusted.
Building refurbishments are depreciated over the remaining expected life of the building
**Asset class Depreciation method and rate** Fixture and fittings 15% reducing balance Office equipment 20% straight line Plant and machinery 25% straight line
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
## **Investment properties**
Investment property (land) is carried at fair value, derived from the current market prices for comparable real estate. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
## **Fixed asset investments**
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
## **Trade debtors**
Trade debtors are amounts due from customers for rents owed and cash balances held with the company's stockbroker.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 12
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Foreign exchange**
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
## **Financial instruments**
## _**Classification**_
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations
**Total for 2020**
**Total for 2019**|**Unrestricted**
**funds**
**General**
**£**
18,501
18,501
51,917|**Total**
**funds**
**£**
18,501|
|---|---|---|
|||18,501|
|||51,917|
Page 13
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **4 Investment income**
|Other investment income
**Total for 2020**
**Total for 2019**
**5**
**Other income**
Events and Courses
Rental income
**Total for 2020**
**Total for 2019**
**6**
**Expenditure on charitable activities**
**Note**
Educational Activities
Allocated support costs
7
Governance costs
7
Educational activities
**Total for 2019**|**Unrestricted**
**funds**
**General**
**£**
264,025
32,427
3,360
299,812
**Activity**
**undertaken**
**directly**
**£**
264,025
262,748|**Unrestricted**
**funds**
**General**
**£**
4,321
4,321
3,124
**Unrestricted**
**funds**
**General**
**£**
18,668
83,435
102,103
107,600
**Total**
**2020**
**£**
264,025
32,427
3,360
299,812
**Activity**
**support costs**
**£**
32,427
37,320|**Total**
**funds**
**£**
4,321|
|---|---|---|---|
||||4,321|
||||3,124|
||||**Total**
**funds**
**£**
18,668
83,435|
||||102,103|
||||107,600|
||||**Total**
**2019**
**£**
262,748
37,320
3,242|
||||303,310|
||||**Total**
**expenditure**
**£**
296,452|
||||300,068|
Page 14
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
£299,812 (2019 - £303,311) of the above expenditure was attributable to unrestricted funds and £Nil (2019 - £Nil) to restricted funds.
Page 15
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **7 Analysis of governance and support costs**
## **Support costs allocated to charitable activities**
|**Basis of**
**allocation**
**Administration**
**costs**
**£**
**Premises costs**
**including**
**depreciation**
**£**
Educational Activities
direct
2,683
29,744
**Governance costs**
**Unrestricted**
**funds**
**General**
**£**
Independent examiner fees
Examination of the financial statements
1,700
Other fees paid to examiners
1,506
Other governance costs
154
3,360
**8**
**Net incoming/outgoing resources**
Net outgoing resources for the year include:
Profit on disposal of investments
Depreciation of fixed assets
Foreign currency losses/(gains)
Net gains/loss on investments||**Total**
**2020**
**£**
32,427
**Total**
**2020**
**£**
1,700
1,506
154
3,360
**2020**
**£**
(70,554)
3,164
118
(2,757)|**Total**
**2019**
**£**
37,320
**Total**
**2019**
**£**
1,650
1,536
56|
|---|---|---|---|
||||3,242|
||||**2019**
**£**
(39,058)
3,182
(22)
(22,743)|
## **9 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 16
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **11 Tangible fixed assets**
|**Cost**
At 1 January 2020
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019
**12 Fixed asset investments**
Investment land
Other investments
**Cost or Valuation**
At 1 January 2020
Disposals
At 31 December 2020
**Provision**
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019|**Land and**
**buildings**
**£**
9,692,841||**Furniture and**
**equipment**
**£**
16,993
16,993
3,882
3,164
7,046
9,947
13,111
**2020**
**£**
160,000
489,100
649,100|**Furniture and**
**equipment**
**£**
16,993
16,993
3,882
3,164
7,046
9,947
13,111
**2020**
**£**
160,000
489,100
649,100|**Total**
**£**
9,709,834
9,709,834
440,060
3,164
443,224
9,266,610
9,269,774
**2019**
**£**
306,250
486,343|
|---|---|---|---|---|---|
||9,692,841||16,993|||
||436,178
-||3,882
3,164|||
||436,178||7,046|||
||9,256,663||9,947|||
||9,256,663||13,111|||
||||**2020**
**£**
160,000
489,100
649,100|||
||||||792,593|
||||||**Investment**
**land**
**£**
306,250
(146,250)|
||||||160,000
-|
||||||160,000|
||||||306,250|
Investment land is held at fair value. The trustees value the land held at 31 December 2020 by reference to the size and market value of the individual plots sold during the year and held at the year end.
There has been no valuation of investment land by an independent valuer.
Page 17
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Other investments**
|**Cost or Valuation**
At 1 January 2020
Revaluation
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019|**Listed**
**investments**
**£**
486,343
2,757
489,100
489,100
486,343|**Total**
**£**
486,343
2,757|
|---|---|---|
|||489,100|
|||489,100|
|||486,343|
The market value of the listed investments at 31 December 2020 was £489,100 (2019 - £486,343).
## **13 Debtors**
|**13 Debtors**|||
|---|---|---|
|Other debtors
**14 Cash and cash equivalents**
Cash at bank
**15 Creditors: amounts falling due within one year**
Accruals|**2020**
**£**
94,759
**2020**
**£**
122,705
**2020**
**£**
3,092|**2019**
**£**
1,495|
|||**2019**
**£**
171,732|
|||**2019**
**£**
2,886|
Page 18
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **16 Funds**
|**16 Funds**|||||
|---|---|---|---|---|
|**Balance at 1**
**January**
**2020**
**£**
**Unrestricted funds**
General
10,232,708
**Balance at 1**
**January**
**2019**
**£**
**Unrestricted funds**
General
10,322,900
**17 Analysis of net assets between funds**
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets|**Incoming**
**resources**
**£**
124,925
**Incoming**
**resources**
**£**
162,641|**Resources**
**expended**
**£**
**Other**
**recognised**
**gains/(losses)**
**£**
**Balance at**
**31**
**December**
**2020**
**£**
(300,862)
73,311
10,130,082
**Resources**
**expended**
**£**
**Other**
**recognised**
**gains/(losses)**
**£**
**Balance at**
**31**
**December**
**2019**
**£**
(314,633)
61,800
10,232,708
**Unrestricted**
**General**
**£**
**Total funds**
**2020**
**£**
9,266,610
9,266,610
649,100
649,100
217,464
217,464
(3,092)
(3,092)
10,130,082
10,130,082
**Unrestricted**
**General**
**£**
**Total funds**
**2019**
**£**
9,269,774
9,269,774
792,593
792,593
173,227
173,227
(2,886)
(2,886)
10,232,708
10,232,708||**Balance at**
**31**
**December**
**2020**
**£**
10,130,082|
|||||**Balance at**
**31**
**December**
**2019**
**£**
10,232,708|
||||||
||||10,130,082||
||||**Total funds**
**2019**
**£**
9,269,774
792,593
173,227
(2,886)||
||||10,232,708||
Page 19
## **Bell House Dulwich**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **18 Analysis of net funds**
|**18 Analysis of net funds**||||
|---|---|---|---|
|Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt|**At 1 January**
**2020**
**£**
171,732
171,732
**At 1 January**
**2019**
**£**
415,960
415,960|**Financing cash**
**flows**
**£**
(49,027)
(49,027)
**Financing cash**
**flows**
**£**
(244,228)
(244,228)|**At 31**
**December**
**2020**
**£**
122,705|
||||122,705|
||||**At 31**
**December**
**2019**
**£**
171,732|
||||171,732|
## **19 Related party transactions**
During the year, Bell House received unrestricted donations from related parties totalling £10,000.
Page 20