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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Company,|its Trustees and advisers||
|Trustees'
report||||2-6|
|Independent
auditors'|report|on the financial statements||7-10|
|Statement offinancial|activities||||
|Balance sheet||||12|
|Statement ofcash flows||||13|
|Notes to the financial|statements|||14-26|
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|Trustees|||Mr BEvans|||
|---|---|---|---|---|---|
||||Miss A Hage|||
||||Mrs BWillmott|||
||||Mr A Brown|||
||||Miss E Johnson|||
||||Mr J Masters|||
||||Mr W Robertson|||
||||Dr A Pearson (appointed||27 April 2020)|
||||Mr G Hooper (appointed||27 April 2020)|
||||Mr W Simpson|(appointed|27 July 2020)|
||||Dr W Thomas|(resigned 27 April 2020)||
|Company|registered|||||
|number|||07489189|||
|Charity registered||||||
|number|||1163421|||
|Registered||office|6 Fore Street|||
||||Newquay|||
||||Cornwall|||
||||TR7 1LN|||
|Independent||auditors|Bishop Fleming|LLP||
||||Chartered
Accountants|||
||||10Temple Back|||
||||Bristol|||
||||BS16FL|||
|Bankers|||Lloyds Bank Pic|||
||||14 Molesworth|Street||
||||Wadebridge|||
||||Cornwall|||
|Solicitors|||Osborne
Clarke|||
||||2 Temple Back|East||
||||Temple Quay|||
||||Bristol|||
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021
f|2021
F|2021|2020
F|
|Income from:|||||||
|Donations
and legacies|||690,006|240,050|930,056|820,004|
|Charitable
activities|||4,210|239,413|243,623|57,833|
|Other trading
activities||||&3,544|83,544|100,978|
|Total income|||694,216|563,007|1,257,223|978,815|
|Expenditure
on:|||||||
|Raising funds||||37,391|37,391|39,190|
|Charitable
activities|||603,742|432„534|1,036,276|934,290|
|Total expenditure|||603,742|469,925|1,073,667|973,480|
|Net movement
in funds|||90,474|93,082|183,556|5,335|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||223,585|35,687|259,272|253,937|
|Net movement
in funds|||90,474|93,082|183,556|5,335|
|Total funds carried forward|||314,059|128,769|442,828|259,272|
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||||E|
|Fixed assets|||||||
|Intangible
assets||11||11,875|||
|Tangible assets||12||74,957||70,430|
|||||86,&32||70,430|
|Current assets|||||||
|Stocks|||10,654||14,266||
|Debtors||13|18,523||61,918||
|Cash at bank and|in hand||386,254||175,159||
||||415,431||251,343||
|Creditors: amounts|falling due within one||||||
|year||14|(59,435)||(62,501)||
|Net current assets||||355,996||188,842|
|Total net assets||||442,828||259,272|
|Charity funds|||||||
|Restricted
funds||15||314,059||223,585|
|Unrestricted
funds||15||128,769||35,687|
|Total funds||||442,828||259,272|
##
||||||2021f|2020
E|
|---|---|---|---|---|---|---|
|Cash flows from operating||activities|||||
|Net cash|used in operating|activities|||280,263|29,390|
|Cash flows from investing||activities|||||
|Purchase|of intangible
assets||||(11,875)||
|Purchase|oftangible
fixed assets||||(57,293)|(62,720)|
|Net cash|used in investing|activities|||(69,168)|(62,720)|
|Cash flows from financing||activities|||||
|Net cash|provided
by financing
activities||||||
|Change|in cash and cash|equivalents|in|the year|211,095|(33,330)|
|Cash and|cash equivalents|at the beginning||ofthe year|175,159|208,489|
|Cash and cash equivalents||at the end|of|the year|386,254|175,159|
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|Freehold
property|Not depreciated|Not depreciated||
|---|---|---|---|
|Plant and machinery|25% per annum|straight|line|
|Motor vehicles|20% per annum|straight|line|
|Fixtures and fittings|20% per annum|straight|line|
|Computer
equipment|33% per annum|straight|line|
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021f|2021|2020|
|Donations|||165,940|165,940|168,863|
|Grants||565,206|74,110|639,316|651,141|
|Government|grants|124,800||124,800||
|||690,006|240,050|930,056|820,004|
|TOTAL 2020||606,268|213,736|820,004||
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021
f|2021
f|2021f|2020
E|
|Sales and services|4,210|230,645|234,855|33,079|
|Surf Club||8,768|8,768|24,754|
||4,210|239,413|243,623|57,833|
|TOTAL 2020|4,204|53,629|57,833||
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2021|2021|2020|
|||F|
|83,544|83,544|100,978|
|100,978|100,978||
##
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||||||Activities||||
|---|---|---|---|---|---|---|---|---|
||||||undertaken|Support|Total|Total|
||||||directly|costs|funds|funds|
||||||2021|2021|2021|2020|
|||||||||E|
|Costs of charitable||activities|||675,459|360,817|1,036,276|934,290|
|TOTAL 2020|||||588,169|346,121|934,290||
|ANALYSIS|OF SUPPORT COSTS||||||||
||||||||Total|Total|
||||||||funds|funds|
||||||||2021|2020|
|Staff costs|||||||90,898|81,005|
|Depreciation|||||||35,618|24,824|
|Legal and professional|||fees||||20,402|17,094|
|Premises costs|||||||6&,694|79,561|
|IT|||||||9,347|7,477|
|Training|||||||7,094||
|Administration|||||||105„428|101,541|
|Fundraising|||||||612|14,900|
|Governance|costs||||||22,724|19,719|
||||||||360,817|346,121|
|AUDITORS'|REMUNERATION||||||||
||||||||2021|2020|
|Fees payable|to the|Company's||auditor for|the audit ofthe Company's||||
|annual accounts|||||||10,200|10,656|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||||F|
|Wages and|salaries|||624,292|505,365|
|Social security costs||||49,217|41,142|
|Contribution|to defined|contribution|pension schemes|11,557|8,432|
|||||685,066|554,939|
||2021|2020|
|---|---|---|
||No.|No.|
|CEO|1|1|
|Administrators|5|5|
|Project managers|19|17|
|Project workers|2|2|
||27|25|
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||Freehold|Plant and|Motor|Fixtures and||
|---|---|---|---|---|---|
||property|machineryf|vehicles|fittings
f.|Totalf|
|COST OR VALUATION||||||
|At 1 February 2020|5,716|51,558|38,444|70,786|166,504|
|Additions|||19,194|38,098|57,292|
|Disposals|||(23,234)||(23,234)|
|At 31 January 2021|5,716|51,558|34,404|108,884|200,562|
|DEPRECIATION||||||
|At 1 February 2020||33,951|9,129|52,994|96,074|
|Charge for the year||7,555|6,881|21,181|35,617|
|On disposals|||(6,086)||(6,086)|
|At 31 January 2021||41,506|9,924|74,175|125,605|
|NET BOOK VALUE||||||
|At 31 January 2021|5,716|10,052|24,480|34,709|74,957|
|At 31 January 2020|5,716|17,607|29,315|17,792|70,430|
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|||2021|2020|
|---|---|---|---|
||||F|
|DUE WITHIN|ONE YEAR|||
|Trade debtors||2,952|4,579|
|Prepayments|and accrued income|15,571|57,339|
|||18,523|61,918|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||F|
|Trade|creditors||||27,257|28,886|
|Other|taxation|and|social|security|15,369|15,500|
|Other|creditors||||16,809|18,115|
||||||59,435|62,501|
##
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|||Balance at 1|||Balance at|
|---|---|---|---|---|---|
|||February|||31January|
|||2020|Income|Expenditure|2021|
|||||f.||
|UNRESTRICTED FUNDS||||||
|General
Funds||35,687|563,007|(469,925)|128,769|
|RESTRICTED FUNDS||||||
|Big Lottery||27,419|133,135|(85,815)|74,739|
|Wave Rangers - Sport England||43,966||(43,966)||
|Beach School - Comic Relief||1,683||(1,683)||
|North Yorkshire
Council||7,328|20,100|(19,906)|7,522|
|The Henry Smith Foundation||11,459||(11,459)||
|Children
in need||53,942|127,373|(85,521)|95,794|
|Morrisons||58||(58)||
|Laureaus - Sustainability|and City to Sea|24,377|101,142|(89,410)|36,109|
|North Devon||6,645|27,416|(27,214)|6,847|
|Brighton||2,687|||2,687|
|Scotland||9,363|29,500|(29,201)|9,662|
|Tudor Trust||20,820|33,000|(30,287)|23,533|
|South Wales||13,838|20,500|(5,270)|29,068|
|Cornwall|||18,500|(17,986)|514|
|London|||5„000|(899)|4,101|
|Tynemouth|||13,750|(7,929)|5,821|
|Foundation
for Children|||10,000|(5,517)|4,483|
|Barbara Ward Foundation|||10,000|(2,500)|7,500|
|Buffini Chao Foundation|||20,000|(14,321)|5,679|
|CJRS|||124,800|(124,800)||
|||223,585|694,216|(603,742)|314,059|
|TOTAL OF FUNDS||259,272|1,257,223|(1,073,667)|442,828|
##
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|15.|STATEMENT OF FUNDS (CONTINUED)|STATEMENT OF FUNDS (CONTINUED)|STATEMENT OF FUNDS (CONTINUED)|||||
|---|---|---|---|---|---|---|---|
||STATEMENT OF FUNDS - PRIOR||YEAR|||||
||||Balance at||||Balance at|
||||1 February
2019|Income|Expenditure|Transfers
in/out|31 January
2020|
||||E||||F|
||UNRESTRICTED FUNDS|||||||
||General
Funds||143,798|368,343|(473,969)|(2,485)|35,687|
||RESTRICTED FUNDS|||||||
||Big Lottery||11,134|83,592|(67,307)||27,419|
||Wave Rangers - Sport England||27,715|43,114|(26,863)||43,966|
||Beach School - Comic Relief||15,930|34,472|(48,719)||1,683|
||North Yorkshire
Council||201|26,214|(19,087)||7,328|
||The Henry Smith Foundation||12,038|30,000|(30,579)||11,459|
||Children
in need||14,196|120,838|(81,092)||53,942|
||Morrisons||115||(57)||58|
||Laureaus - Sustainability|and||||||
||City to Sea||20,250|126,960|(122,999)|166|24,377|
||North Devon|||8,213|(1,568)||6,645|
||Brighton|||2,743|(56)||2,687|
||Scotland|||43,656|(44,293)|10,000|9,363|
||Tudor Trust|||33,000|(12,180)||20,820|
||South Wales|||15,721|(1,883)||13,838|
||Morton Fraser||8,560|||(8,560)||
||Foundation
for Children|||11,950|(11,950)|||
||Barbara Ward Foundation|||10,000|(10,000)|||
||Buffini Chao Foundation|||20,000|(20,879)|879||
||||110,139|610,473|(499,512)|2,485|223,585|
||TOTAL OF FUNDS||253,937|978,816|(973,481)||259,272|
##
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|ANALYS|IS OF NET ASSETS BETWEEN F|UNDS -CURRENT PERIOD|||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
||||F||
|Tangible|fixed assets|33,059|41,898|74,957|
|Intangible|fixed assets||11,875|11,875|
|Current assets||281,000|134,431|415,431|
|Creditors|due within one year||(59,435)|(59,435)|
|TOTAL||314,059|128,769|442,828|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD|||||
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
||||f|E|
|Tangible|fixed assets|41,620|28,810|70,430|
|Current assets||181,965|69,378|251,343|
|Creditors|due within one year||(62,501)|(62,501)|
|TOTAL||223,585|35,687|259,272|
##
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||||2021|2020|
|---|---|---|---|---|
|Net income for the period (as per Statement|of Financial|Activities)|183,556|5,335|
|ADJUSTMENTS FOR:|||||
|Depreciation
charges|||35,617|24,825|
|Loss on the sale offixed assets|||17,149||
|Decrease/(increase)
in stocks|||3,612|(2,327)|
|Decrease/(increase)
in debtors|||43,395|(36,094)|
|Increase/(decrease)
in creditors|||(3,066)|37,651|
|NET CASH PROVIDED BYOPERATING ACTIVITIES|||280,263|29,390|
##
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||2021|2020|
|---|---|---|
|Cash in hand|386,254|175,159|
|TOTAL CASH AND CASH EQUIVALENTS|386,254|175,159|
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|||||||At 1||At 31|
|---|---|---|---|---|---|---|---|---|
|||||||February||January|
|||||||2020|Cash flows|2021|
|||||||F|||
|Cash|at|bank|and|in|hand|175,159|211,095|386,254|
|||||||175,159|211,095|386,254|
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|||2021|2020|
|---|---|---|---|
|Not later than
1 year||27,501|28,971|
|Later than|1 year and not later than 5years|95,418|95,000|
|Later than|5years|1,&75|24,375|
|||124,794|148,346|
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