2021-12-31-accounts - The East Looe Town Trust

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

		Mr L D JTansley	Mr L D JTansley
		Mr P Gibson
		Mr ABishop
		Mr BGalipeau
		MrSTanner
		Ms 3 Hawkins			(Appointed 9March 2021)
		Ms P Btephenson Mr S Gill			(Appointed 9March 2021) (Appointed 9 March 2021)
		Mr FWarne
Charity number		1166934
Registered	office	East Looe Town		Trust
		The Guildhall
		Fore Street
		East Looe
		Cornwall
		PL13 1AA
Auditor		Prydis Accounts		Ltd
		Senate Court
		Southernhay	Garden~
		Exeter
		Usvon
		EX11NT

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	202%		2020	2020	2020
	Notes					8
~neo,&~~ t}onations and legacies Charitable activities Investments	2 3 4	407 240,931 2,149	5,357 13,000	5,784 263,931 2,149	470 263,892 2,327	3,774 5,833	4,244 269,725 2,327
Total income		243,487	18,367	281,844	288,689	9,607	276,296
EmlgtLdi~ Charitable activities			18,357	263,301	200,675	g,e07	210,2e2
Net (expenditure)/income
for the ysarl Net movement in funds		(1,457)		(1,457}	86,014
Fund balsnoas at 1 January 2021		3,692,076		3,692,075	3,526,061
Fund balances at 3'l t}eoember 2021		3,590,618		3,590,818	3,592,075

					2021	2020
				Notes	5
Fixed assets
Tangible assets Heritage assets Investment properties				11 12 13	34,074 I 3,063.500	41,474 1 3,063,500
					3,097,575	3,104,975
Current assets
Stocks Debtors Investments Cash at bank and in		hand		15 16 17	711 26,666 60 570,911	530 20,674 60 566,639
Creditors: amounts		falling due within			598,348	587,803
one year					(105,305)	(100.703)
Net current assets					493,043	487,100
Total assets lees current			liabilities		3,590,618	3,592,075
Income funds
Fixed Assets Grant Income Cash					3,814 (3,969) 155	4,818 (4,973) 155
~Uti 4
Designated funds General unrestricted Revaluation reserve	funds			21	451,488 2,859,772 279,358	398,559 2,914,158 279,358
					3,590,618	3,592,075
					3,590,618	3,592,075

Donations snd lega	cies
		Unrestricted Restricted			Total Unrestricted		Restricted	Total
			funds	funds		funds	funds
				2021i		2020	2020
				8		5	2
Donations and gifts Grants			407	4,362 1,005	4,759 1,005	470	76 3,898
				5 357	5,764	470	3,774
Conditional grants	have	been	rereived in	the year. The	amount above	includes	the income	received f
released in the period.
Charitable activities
			Charitable Activities	Charitable Iacomm- restricted	Total Charitable 2021 Activities		Charitable lacome- restricted	Total 2020
			2021				2020
Rent of seafront properties			40,763		40,753	41,191		41,191
Cornwall Council-
Bsachfront cleaning contract Car parks Market house rents			8,800 72,956 27,088		8,800 72,956 27,088	8,500 71,596 26,821		8,800 71,696 26,821
Guildhall rents and other income			77,447		77447	'71 874		71,874
Concessions and
museum admissions 8 sales Other income			13,651 236	13,000	13,651 'l3,236	5,037 3$,673	5,833	5,037 44,506
			240,931	13,000	253,931	263,892	5,833	269,725
Analysis by fund Unrestricted funds Restricted funds			240,931	13,000	240,931 13,000	263,892 -	5,833	263,892 5,833
			240,931	13,000	253,931	263,892	5,833	269,725

	Charitable	Charitable
	Activities	Activities
		2020
		6
Staffcosts
Depreciation snd Impairment insurance	75,264 8,600	71,753 10,496
Utiiltias Administrative expenses Professional fees I'roperty repairs Museum - other operating costs Beach cleaning and Wooldown	8,387 16,367 5,391 8,154 70,848 14,323 8,819	1'I,313 12,564 4,755 22,892 24,429 3,404 4,879
	216,153	166,475
Grant funding of activities (ses note 7)
Share of support costs (see note 8) Share of governance costs (sse note 8)	28,959 16,914	27,366 15,716
	263,301	210,282
Analysis by fund
Unrestricted funds Restricted funds	244,944	200,675
	18,357	9,607
	263,301	210,282

Grants paysbts
	Charitable	Charitable
	Activities	Activities
	2021	2020
	6
Grants to institutions: Leos Darby and Joan Club Loos Ags Concern Royal British Legion - wreath Rotary Club of Liskeard and i.oos AMoschskis for attendance at a football academy G Gibbs bsllett school support	250 260 26 600 250	500 200
	1,276

Supportcosts
	Support costs	Gdvsrnance costs	2021	Support 'cos'ts	Governance costs	2020
			8	8		6
Staff costs Guildhall utilities insurance Postage end stationery	19,107 3,381 5,190 1,280	4,777 845 1,292 1,500	23,884 4,226 6,482 2,780	18,758 3,028 5,177 402	4,690 757 1,289 1,620	23,448 3,785 6,466 2,022
Audit fees Legal and professional		3,465 5,036	3,465 5,036		3,300 4,061	3,300 4,061
		16,915	45,873	27,365	15,717	43,082
Analysed between
Charitable activities		16,915	45,873	27,366	15,716	43,082

Tangible fixed assets	Plant and	Fixtures and	Computers	Total
	squlpmsnt	fittings
	8
Cost or vatuatton At 1 January 2021 Additions	123,288 1,200	150,705	6,854	280,847 1,200
At 31 December 2021	124,488	150,705	6,854	282,047
Depreciation snd impairment At 1 January 2021 Depreciation charged in the yssr	97,068 5,484	135,944 2,954	6,361 162	239,373 8,600
At 31 December 2021	102,552	138,898		247,973
Carrying amount At 31 December 2021	21,936	11,807	331	34,074
At 31 December 2020	26,220	14,761	493	41,474

14	Financial	instruments				2020
	Carrying amount of financial assets Instruments measured st fair value through			profit or loss		60
16	Stocks				2021
	Finished	goods and goods for resale			711
16	Debtors
	Amounts	falling due within one	year:
	Trade debtors Prepayments and accrued income				15,801 10,865	12,246 8,328
						20,574
17	Current	asset investments			2021
	Unlisted	investments
18	Finance	lease commitments
	Future minimum lease payments		due under	finance leases:		2020
						8
	Within one year					3,064

19	Credftors: amounts fsglng due within one year
			2021
		Notes	6
	Obligations under finance leases Other taxation and social security Deferred income Payments received on acrount Trade oredlttols Other creditors Accruels and deferred income	20	19,480 3,969 68,643 4,589 2,178 8,448	3,064 10,057 4,973 67,435 2,545 2,324 10,306
			'l05,305	100,703
20	Defersed income
				2020
				6
	Arising from Grant income deferred		3,969	4,973

		Balance at Jaauartrxoxs	Transfers	Bennce at 1January 2a21	Traltsftlre	Balance at 31Oeaember 2321
		8	6	6	8
Operating Properly	reserve reserve	129,413 306,350	(37,204)	92,209 306,350		107,934 306,350
		435,763	15,725	435,763	15,725	451,488

under non-cancellable operating leases, which fall due a	s follows:
		2020
Within one year	730	2,190
Between two and five years	730	4,301
	1,400	5,571