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||||||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<br>and Performance|||||5|
|Financial|Review||||5-6|
|Reserves|Policy||||6|
|Plans for|future periods||||6|
|Independent<br>Examiners'|||report|||
|Financial|Statements|||||
|Statement|offinancial|activities|||8|
|Balance sheet|||||9|
|Notes to the financial statements|||||10-16|





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||||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<br>activities|||6||6|262|
|Investment<br>income|||424||424|891|
|Total income|||1178|270,000|271,178|26,841|
|Expenditure<br>on|||||||
|Charitable<br>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<br>between|funds|18|47,679|(47,679)|||
|Net movement<br>in funds|||38,638|198,040|236,678|(23,682)|
|Reconciliation<br>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|





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||||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<br>funds||18|278,230|80,190|
|Unrestricted<br>fund|||231,124|192,486|
||||509,354|272,676|






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|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|



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|8|Total resources expe|nded||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||Unrestricted|Restricted|Total|Total|
|||||||f|f|f|f|
||Charitable<br>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<br>readiness|consultancy|||||||5,803|
||Site Maintenance||||||||70|
||Insurance|||||564||564|451|
||Memberships<br>and subscriptions|||||530||530|530|
||Travel||||||||95|
||Marketing<br>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<br>depreciation|||||208||208|279|
||Finance Fees||||||11,448|11,448|13,343|
||Governance<br>cost - Independent|||Examiners|Fee|645||645|625|
|||||||9,125|11,448|20,573|25,456|
||Costs ofGenerating|Funds||||||||





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|10|Tangible fixed a|ssets|||||
|---|---|---|---|---|---|---|
|||||Total|Equipment|Freehold|
|||||||Land|
||Cost||||||
||At 1April 2020|||251,516|1,516|250,000|
||Additions<br>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|





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|Financial|instruments||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||f|f|
|Carrying|amount offinancial|assets|||||||
|Debt instruments<br>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<br>f|2020<br>f|
|Salaries|||||||12,744|17,550|
|Other pension costs|||||||89|526|
||||||||12,833|18,076|



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|Analysis ofa|ssets between<br>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|





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|Big Lottery Fund - Big Potential|Big Lottery Fund - Big Potential|Fund|A grant for investment<br>readiness<br>preparation<br>work|
|---|---|---|---|
|Postcode Local|Trust||A grant for conservation<br>activities and the creation|
||||ofcommunity<br>green space at Clay Park|
|South Hams District Council S106funds|||A grant to assist in the development<br>and provision|
||||ofaffordable<br>housing at Clay Park|
|Postcode Local|Trust 2||A grant initially<br>given for renewable|
||||energy/microgrid<br>infrastructure,<br>but due to the|
||||Covid 19pandemic<br>the use was amended<br>for|
||||general<br>use|
|Homes England|(via South Hams|District|A grant towards the initial infrastructure,<br>creating|
|Council)|||the entrance<br>and beginning<br>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|



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