This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 7
Independent Examiner's	Report
Statement of Financial	Activities	9to 10
Balance Sheet
Notes to the Financial Statements		12to 20

Charity Registration	Charity Registration	Charity Registration	Number	1158057
Principal	Office			Office No. 2
				Unit 16
				Dinan Way Trading	Estate
				Exmouth
				EX84RS
Trustees				Miss J Elson MBE,	Chairman
				Mrs L Evans, Vice Chairman
				Mr WJ Bailey, Management				Committee
				Mr TCope
Management		Committeee		Miss J Elson MBE (Independent),					Chair
				Mrs L Evans (Budleigh		Salterton			Town Council), Vice Chair
				Miss L Elson OBE (Exmouth				Welfare Trust), Hon Treasurer
				Mr WJ Bailey (Lympstone			Paris		Council)
				Mrs C Nicholas (Exmouth			Town		Council)
				Mr T Dumper (Exmouth		Town Council)
				Mrs K Rose (Devon	County			Council Transport		Coordination)
				Mr M Hellier (Budleigh		Salterton			Town Council)
Accountant				Thompson Jenner LLP
				Chartered Accountants
				1 Colleton Crescent
				Exeter
				Devon
				EX24DG
Bankers				Barclays Bank pic
				12 Rolle Street
				Exmouth
				Devon
				EX8 1HD
Solicitors				Everys
				Magnolia House
				Church Street
				Exmouth
				Devon
				EX8 1HQ
				Gilbert Stephens (dealing			with CIO only)
				High Street
				Budleigh Salterton
				EX96LG

Stateme	nt of	Financial A	ctivities for	the Year Ende	d 31 March	2021
						Total
				Unrestricted	Restricted	YE31 March
				funds	funds	2021
			Note
Income and Endowments		from:
Donations and legacies				18,466	9,869	28,335
Charitable activities				9,236	58,592	67,828
Other trading activities				294		294
Investment income				7		7
Other income				6,754		6,754
Total Income				34,757	68,461	103,218
Expenditure on:
Raising funds				(5,156)		(5,156)
Charitable activities				(13,262)	(77,208)	(90,470)
Total Expenditure				(18,418)	(77,208)	(95,626)
Net movement in funds				16,339	(8,747)	7,592
Reconciliation of	funds
Total funds brought	forward		17	65,450	60,617	126,067
Total funds carried	forward		17	81,789	51,870	133,659

Stateme	nt of	Financial A	ctivities for	the Year Ende	d 31 March	2021
						Total
				Unrestricted	Restricted	YE31 March
				funds	funds	2020
			Note
Income and Endowments		from:
Donations and legacies				1,275	43,205	44,480
Charitable activities				19,557	28,522	48,079
Other trading activities				3,676		3,676
Investment income				98		98
Other income				1,224		1,224
Total Income				25,830	71,727	97,557
Expenditure on:
Raising funds				(5,674)	(5,552)	(11,226)
Charitable activities				(41,590)	(38,540)	(80,130)
Total Expenditure				(47,264)	(44,092)	(91,356)
Net movement in funds				(21,434)	27,635	6,201
Reconciliation of	funds
Total funds brought	forward		17	86,884	32,982	119,866
Total funds carried	forward			65,450	60,617	126,067

		g Balance Sheet as at 3	1 March 2021
				2021	2020
			Note	f.	f.
Fixed assets
Tangible assets			14	75,852	49,119
Current assets
Debtors			15	9,351	1,616
Cash at bank and	in hand			50,558	75,730
				59,909	77,346
Creditors: Amounts		falling due within one year		(2,102)	(398)
Net current assets				57,807	76,948
Net assets				133,659	126,067
Funds ofthe charity:
Restricted funds				51,870	60,617
Unrestricted income		funds
Unrestricted funds				81,789	65,450
Total funds			17	133,659	126,067

				Unrestricted
				funds
					Restricted	Total	Total
				General	funds	2021	2020
Donations	and legacies;
Donations		from community	groups	18,466	9,869	28,335	44,480
				18,466	9,869	28,335	44,480

			Unrestricted
			funds
				Restricted	Total	Total
			General f	fundsf	2021f	2020f
Ring 8	ride		2,394	38,592	40,986	34,839
Community		Bus	2,324	10,000	12,324	8,056
Health	8 Wellbeing		4,518	10,000	14,518	5,184
			9,236	58,592	67,828	48,079

5 Inco	me from other trading activities
		Unrestricted
		funds
			Total		Total
		General f	2021f		2020f
Trading	income;
Sales	ofgoods and services	294		294	3,676
		294		294	3,676

6	Investment in	co	me
				Unrestricted
				funds
					Total	Total
				General	2021	2020
				f.	f.	f.
Interest receivable		and similar income;
	Interest receivable		on bank deposits			98
7	Other income
				Unrestricted
				funds
					Total	Total
				General f	2021f	2020
Other income				6,754	6,754	1,224

		Unrestricted
		funds
			Restricted	Total	Total
		General	funds	2021	2020
Community	bus	2,643	21,513	24,156	13,460
Ring and ride			25,510	25,510	32,226
Health and	Wellbeing	2,404	14,493	16,897	11,848
Governance	costs	8,215		8,215	6,884
Fundraising	costs	5,156		5,156	20
Depreciation	costs		15,692	15,692	15,692
		18,418	77,208	95,626	80,130

Governance	cos	ts
				Unrestricted
				funds
					Total	Total
				General	2021	2020
				f.	f.	f.
Staff costs
Wages and	salaries			1,947	1,947	2,274
Independent	examiner fees
Examination	of	the financial	statements	1,733	1,733	1,733
Legal fees				2,514	2,514		627
Other governance		costs		2,021	2,021	2,250
				8,215	8,215	6,884

2021	2020
1,733	1,733

14Tangible fixed asse	ts
				Plant and
				machinery
		Fixtures,		including
		fittings	and	motor
		equipment		vehicles	Total
		f.		f.	f.
Cost
At 1 April 2020			1,360	81,601	82,961
Additions				42,425	42,425
At 31 March 2021			1,360	124,026	125,386
Depreciation
At 1 April 2020			442	33,400	33,842
Charge for the year			272	15,420	15,692
At 31 March 2021			714	48,820	49,534
Net book value
At 31 March 2021			646	75,206	75,852
At 31 March 2020			918	48,201	49,119
15Debtors
				2021	2020
Other debtors				9,351	1,616
16Creditors: amounts	falling due within one year
				2021	2020
Other creditors				2,102	398

17Funds
			Balance at				Balance at
			1 April	Incoming	Resources		31 March
			2020	resources	expended	Transfers	2021
			F	f.	f.	f.	F
Unrestricted	funds
General
Unrestricted	income fund		65,450	2,270	(54)	14,123	81,789
Restricted funds
Community	bus		28	14,224	(27,454)	22,082	8,880
Ring 8 Ride			10,813	62,621	(32,437)		40,997
Health and Wellbeing			571	17,102	(35,680)	20,000	1,993
New bus fund			49,205	7,000		(56,205)
Total restricted		funds	60,617	100,947	(95,571)	(14,123)	51,870
Total funds			126,067	103,217	(95,625)		133,659
			Balance at				Balance at
			1 April	Incoming	Resources		31 March
			2019	resources	expended	Transfers	2020
Unrestricted	funds
General
Unrestricted	income fund		86,884	1,049		(22,483)	65,450
Restricted funds
Community	bus		40	12,395	(19,407)	7,000	28
Ring 8 Ride			10,103	35,065	(41,701)	7,346	10,813
Health and Wellbeing			4,976	7,747	(32,152)	20,000	571
Hub bus			7,363			(7,363)
New bus fund			10,500	43,205		(4,500)	49,205
Total restricted		funds	32,982	98,412	(93,260)	22,483	60,617
Total funds			119,866	99,461	(93,260)		126,067

		Unrestricted
		funds
			Restricted
		General	funds	Total funds
		f.	f.	f.
Tangible	fixed assets	75,852		75,852
Current	assets	21,333	38,576	59,909
Current	liabilities	(2,102)		(2,102)
Total net assets		95,083	38,576	133,659

20 Net incom	ing/outgoing	resources
Net incoming	resources for	the year include:
			2021	2020
			f.	f.
Loss on disposal oftangible		fixed assets		1,904
Depreciation	of fixed assets		(15,692)	(15,692)