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2022-03-31-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
Reserves Policy				5
Plans for future periods				6
Independent Examiners'		report
Financial Statements
Statement offinancial	activities			8
Balance sheet				9
Notes to the financial statements				10-16

	The Objects ofthe CLTare within the area ofbenefit (Devon and Cornwall);
	Providing environmentally sustainable houses or hostels and any associated amenities for persons		in
	necessitous circumstances upon terms appropriate to their means;
1.1.2	The provision offacilities for recreation or other leisure time occupation in the	interests ofsocial	welfare
	with the object ofimproving the conditions of life for the residents ofthe area	ofbenefit;
	The relief ofpoverty in such ways as may be thought fit amongst the residents	ofthe area ofbenefit;
	The advancement ofeducation and vocational training for those in necessitous	circumstances;
	The protection or conservation ofthe environment

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	2022	2022	2022	2021
				f		f
Income from
Donations &grants			518	30,000	30,518	270,748
Charitable activities			6		6	6
Investment income			42		42	424
Total income			566	30,000	30,566	271,178
Expenditure on
Charitable activities			10,883	2,134	13,017	34,500
Total expenditure			10,883	2,134	13,017	34,500
Net income/(expenditure)			(10,317)	27,866	17,549	236,678
Transfers between	funds	18	297,811	(297,811)
Net movement in funds			287,494	(269,945)	17,549	236,678
Reconciliation offunds
Total funds brought	forward		231,124	278,230	509,354	272,676
Total funds carried	forward		518,618	8,285	526,903	509,354

			2022	2021
		Notes	f	f
Fixed assets
Tangible assets		10	262,573	262,729
Current assets
Stocks and work in	progress		625,466	320,584
Debtors		12	459	4,855
Cash at bank and in	hand		21,117	279,169
			647,042	604,608
Creditors: amounts	falling due within one year	13	(382,712)	(357,983)
Net current assets/(liabilities)			264,330	246,625
Net assets			526,903	509,354
Income Funds
Restricted funds		18	8,285	278,230
Unrestricted fund			518,618	231,124
			526,903	509,354

3	Net income	Net income	for	the year				2022		2021
								f		f
	Net income	for		the year	is stated after	charging:
	Independent		examiner's		fee —external	scrutiny		685		645
	Independent		examiner's		fee —other services			80
4	Donations	&grants							2022	2021
							Unrestricted	Restricted	Total	Total
							f	f	f	f
	Donations:						518		518	748
							518		518	748
	Grants:
	Homes England			(via South Hams District Council)				30,000	30,000	270,000
								30,000	30,000	270,000
	Total Donations			&Grants			518	30,000	30,518	270,748

5	Incoming re	sources	from Charitable activities
					2022	2021
			Unrestricted	Restricted	Total	Total
			f	f	f	f
	Membership	Fees
	Ofthe membership		and event fees for 2021, all were unrestricted.
6	Investment	income			2022	2021
					f	f
	Bank Interest				42	424

8	Total resources	e	xpe	nded
										2022	2021
								Unrestricted	Restricted	Total	Total
								f	f	f	f
	Charitable		activities
	Activities undertaken				directly			1,317	2,134	3,451	13,927
	Support	Costs						9,566		9,566	20,573
	Total							10,883	2,134	13,017	34,500
	Costs ofGenerating				Funds
								10,883	2,134	13,017	34,500
9	Resources expended									2022	2021
								Unrestricted	Restricted	Total	Total
	Activities undertaken			directly				f	E	f	f
	Salaries								2,134	2,134	12,833
	Insurance							755		755	564
	Memberships	and subscriptions						500		500	530
	Marketing and	Promotion						62		62
								1317	2,134	3,451	13,927
	Support Costs
	Office Costs							108		108	220
	Printing postage		and	stationery				3		3	3
	Sundry expenses							35		35	51
	Loan Interest							8,499		8,499	7,998
	Equipment depreciation							156		156	208
	Finance Fees										11,448
	Governance cost		—Independent			Examiners	Fees
			External		scrutiny			685		685	645
			Other services					80		80
								9,566		9,566	20,573
	Costs ofGenerating			Funds

14	Financial	instruments						2022	2021
								E	E
	Carrying	amount offinancial	assets
	Debt instruments carried at		amortised		cost				1,050
	Carrying	amount offinancial	liabilities		measured	at amortised	cost	376,410	357,983
15	Trustees	and employees
	Number	ofemployees
	There was 1part time employee			for part ofthe		year (2021 —1	part time)
	Employee emoluments							2022	2021
								E	E
	Salaries							1,981	12,744
	Other pension costs							153	89
								2,134	12,833

Analysis ofa	ssets between funds
			Net	Creditors
		Fixed	current	ofmore
		assets	assets	than one	Total
				year
Unrestricted	funds
General		262,573	256,045		518,618
Restricted funds			8,285		8,285
As at 31March 2022		262,573	264,330		526,903

Fund name (Funder)	Fund name (Funder)	Restricted purpose offunding
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
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			E	E
Postcode Local Trust			138			(138)
South Hams	District Council 5106		10,173		2,134	(8,039)
Homes England		(via South Hams District
Council)			267,919	30,000		(289,634)	8,285
			278,230	30,000	2,134	(297,811)	8,285
Unrestricted	funds
General			231,124	566	10,883	297,811	518,618