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2021-03-31-accounts

Page
Legal and administrative information
Trustees' report (incorporating the Directors' Report)
Structure, Governance and Management 3-4
Risk Management 4
Aims and Activities 4-5
Achievements
and Performance		 5
Financial Review 5-6
Reserves Policy 6
Plans for future periods 6
Independent
Examiners'		 report
Financial Statements
Statement offinancial activities 8
Balance sheet 9
Notes to the financial statements 10-16

Unrestricted Restricted Total Total
funds funds funds funds
Notes 2021 2021 2021 2020
f f f f
Income from
Donations 8 grants 748 270,000 270,748 25,688
Charitable
activities		 6 6 262
Investment
income		 424 424 891
Total income 1178 270,000 271,178 26,841
Expenditure
on
Charitable
activities		 10,219 24,281 34,500 50,523
Total expenditure 10,219 24,281 34,500 50,523
Net income/(expenditure) (9,041) 245,719 236,678 (23,682)
Transfers
between		 funds 18 47,679 (47,679)
Net movement
in funds		 38,638 198,040 236,678 (23,682)
Reconciliation
offunds
Total funds brought forward 192,486 80,190 272,676 296,358
Total funds carried forward 231,124 278,230 509,354 272,676

2021 2020
Notes f f
Fixed assets
Tangible assets 10 262,729 250,834
Current assets
Stocks and work in progress 320,584 285,009
Debtors 12 4,855 2,857
Cash at bank and in hand 279,169 82,587
604,608 370,453
Creditors: amounts falling due within one year 13 (357,983) (348,611)
Net current assets/(liabilities) 246,625 21,842
Net assets 509,354 272,676
Income Funds
Restricted
funds		 18 278,230 80,190
Unrestricted
fund		 231,124 192,486
509,354 272,676

3 Net income for the year 2021 2021 2020
f f
Net income for the year is stated after charging:
Independent examiner's fee 645 625
4 Donations &grants 2021 2020
Unrestrict', ed Restricted Total Total
f f f f
Donations: 748 748 888
748 748 888
Grants:
Big Lottery Fund —Big Potential Fund 4,960
Postcode Local Trust 19,840
Homes England (via South Hams District Council) 270,000 270,000
270,000 270,000 24,800
Total Donations &Grants 748 270,000 270,748 25,688
Ofthe donations and grants for 2020, f24,800were restricted and f888 were unrestricted
5 Incoming resources from Charitable activities
2021 2020
Unrestricted Restricted Total Total
f f f f
Membership Fees 12
Fundraising Events 250
262
2021 2020
f f
424 891

8 Total resources expe nded
2021 2020
Unrestricted Restricted Total Total
f f f f
Charitable
activities
Activities undertaken directly 1,094 12,833 13,927 25,067
Support Costs 9,125 11,448 20,573 25,456
Total 10,219 24,281 34,500 50,523
Costs ofGenerating Funds
10,219 24,281 34,500 50,523
9 Resources expended 2021 2020
Unrestricted Restricted Total Total
Activities undertaken directly f f
Salaries 12,833 12,833 18,076
Investment
readiness		 consultancy 5,803
Site Maintenance 70
Insurance 564 564 451
Memberships
and subscriptions		 530 530 530
Travel 95
Marketing
and Promotion		 42
1094 12,833 13,927 25,067
Support Costs
Admin Work 1,075
Office Costs 220 220 436
Printing postage and stationery 3 3 65
Sundry expenses 51 51 48
Loan Interest 7,998 7,998 9,585
Equipment
depreciation		 208 208 279
Finance Fees 11,448 11,448 13,343
Governance
cost - Independent		 Examiners Fee 645 645 625
9,125 11,448 20,573 25,456
Costs ofGenerating Funds

10 Tangible fixed a ssets
Total Equipment Freehold
Land
Cost
At 1April 2020 251,516 1,516 250,000
Additions
in year		 12,103 12,103
At 31March 2021 263,619 1,516 262,103
Depreciation
At 1April 2020 682 682
Charge for year 208 208
At 31March 2021 890 890
Net book value
At 31March 2021 262,729 626 262,103
At 31March 2020 250,834 834 250,000
11 Stocks and Work in Progress
Stocks and work in progress is comprised solely ofwork in progress.
12 Debtors 2021 2020
f f.
Other debtors 4,855 2,857
4,855 2,857
13 Creditors: amounts falling due within one year 2021 2020
f f
Taxation and social security 657
Other Creditors 2,758 727
Loans for the purchase of land 315,625 307,627
Loans related to planning 39,600 39,600
357,983 348,611

Financial instruments 2021 2020
f f
Carrying amount offinancial assets
Debt instruments
carried at		 amortised cost 1,050
Carrying amount offinancial liabilities measured at amortised cost 357,983 347,227
Trustees and employees
Number ofemployees
There was 1part time employee during the year (2020 —1part time)
Employee emoluments 2021
f		 2020
f
Salaries 12,744 17,550
Other pension costs 89 526
12,833 18,076

Analysis ofa ssets between
funds
Net Creditors
Fixed current ofmore
assets assets than one Total
year
Unrestricted funds
General 262,729 (31,605) 231,124
Restricted funds 278,230 278,230
As at 31March 2021 262,729 246,625 509,354

Big Lottery Fund - Big Potential Big Lottery Fund - Big Potential Fund A grant for investment
readiness
preparation
work
Postcode Local Trust A grant for conservation
activities and the creation
ofcommunity
green space at Clay Park
South Hams District Council S106funds A grant to assist in the development
and provision
ofaffordable
housing at Clay Park
Postcode Local Trust 2 A grant initially
given for renewable
energy/microgrid
infrastructure,
but due to the
Covid 19pandemic
the use was amended
for
general
use
Homes England (via South Hams District A grant towards the initial infrastructure,
creating
Council) the entrance
and beginning
the road and services
Opening Incoming Outgoing Transfers Closing
balance resources resources Balance
Restricted funds f f
Postcode Local Trust 138 138
South Hams District Council S106 61,617 13,589 (37,855) 10,173
Postcode Local Trust 2 18,435 10,692 ( 7,743)
Homes England (via South Hams District
Council) 270,000 ( 2,081) 267,919
80,190 270,000 24,281 (47,679) 278,230
Unrestricted funds
General 192,486 1,178 10,219 47,679 231,124