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|Trustees||Mr P Gibson|||
|---|---|---|---|---|
|||Mr A Bishop|||
|||Mr 8 Galipeau|||
|||Mr STanner|||
|||Ms S Hawkins|||
|||Ms P Stephenson|||
|||Mr S Gill|||
|||Mr F yyarne|||
|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|Gardens||
|||Exeter|||
|||Devon|||
|||EX1 1NT|||
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|||Page|
|---|---|---|
|Trustees'report||1-6|
|Independent
auditor's|report|7-9|
|Statement
of financial|activities|10|
|Balance sheet|||
|Notes to the financial|statements|12-23|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2022|2022|2022|2021|2021|2021|
|||Notes|8|F||f|||
|Income from:|||||||||
|Donations
and|legacies|2|1,052|6,356|7,408|407|5,357|5,764|
|Charitable
activities||3|243,092||243,092|240,931|13,000|253,931|
|Investments||4|2,578||2,578|2,149||2,149|
|Total income|||246,722|6,356|253,078|243,487|18,357|261,844|
|~ECht|||||||||
|Charitable
activities||5|354,129|5,356|359,485|244,944|18,357|263,301|
|Net (expenditure)/income||for|||||||
|the year/
Net movement|in funds||(107,407)|1,000|(106,407)|(1,457)||(1,457)|
|Fund balances
January 2022|at 1||3,590,618||3,590,618|3,592,075||3,592,075|
|Fund balances
at 31
December 2022|||3,483,211|1,000|3,484,211|3,590,618||3,590,618|
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|||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Notes||6||F||
|Fixed assets|||||||||||
|Tangible assets|||||11|||46,265||34,074|
|Heritage assets|||||12|||1||1|
|Investment|properties||||13|||3,063,500||3,063,500|
|||||||||3,109,766||3,097,575|
|Current assets|||||||||||
|Stocks|||||15||839||711||
|Debtors|||||16|13,356|||26,666||
|Investments|||||||60||60||
|Cash at bank and||in|hand|||469,133|||570,911||
|||||||483,388|||598,348||
|Creditors:|amounts||falling due within||||||||
|one year|||||17|(108,943)|||(105,305)||
|Net current|assets|||||||374,445||493,043|
|Total assets less||current liabilities||||||3,484,211||3,590,618|
|Restricted
funds|||||||||||
|Fixed Assets||||||3,023|||3,814||
|Grant Income||||||(3,178)|||(3,969)||
|Cash||||||1,155|||155||
|~Uti|t
ds|||||||1,000|||
|Designated|funds||||19|425,461|||451,488||
|General
unrestdcted|||funds|||2,778,392|||2,859,772||
|Revaluation|reserve|||||279,358|||279,358||
|||||||||3,483,211||3,590,618|
|||||||||3,484,211||3,590,618|
|The financial|statements|||were approved|by the Trustees on|...|||||
|Mr A Bishop|||||Mr B|alipe|||||
|Trustee|||||ustee||||||
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||||Charitable|Charitable|Charitable|Total|
|---|---|---|---|---|---|---|
||||Activities|Activities|Income-|2021|
||||||restricted||
||||2022
8|2021f|2021f||
|Rent ofseafront properties|||37,996|40,753||40,753|
|Cornwall
Council - Beachfront cleaning||contract|9,156|8,800||8,800|
|Car parks
Market house rents|||74,066
25,326|72,956
27,088||72,956
27,088|
|Guildhall
rents and other|income||74,645|77,447||77,447|
|Concessions
and museum|admissions|8 sales|7,967|13,651||13,651|
|Other income|||13,936|236|13,000|13,236|
||||243,092|240,931|13,000|253,931|
|Analysis
by fund
Unrestricted
funds|||243,092|240,931||240,931|
|Restricted funds|||||13,000|13,000|
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
||||8|
|Interest|receivable|2,578|2,149|
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|||||Charitable|Charitable|
|---|---|---|---|---|---|
|||||Activities|Activities|
|||||2022|2021|
||||||6|
|Staff costs||||76,405|75,264|
|Depreciation|and impairment|||10,219|8,600|
|Insurance||||5,817|5,370|
|Utilities||||12,847|16,367|
|Administrative|expenses|||10,280|5,391|
|Professional|fees|||31,086|8,154|
|Property
repairs||||151,425|73,865|
|Museum - other||operating
costs||301|14,323|
|Beach cleaning||and|Wooldown|7,840|8,819|
|Bad debts suffered||||2,864||
|||||308,364|216,153|
|Grant funding|of|activities (see note 7)||5,698|1,275|
|Share ofsupport||costs (see note 8)||30,507|28,959|
|Share ofgovernance|||costs (see note 8)|14,916|16,914|
|||||359,485|263,301|
|Analysis
by|fund|||||
|Unrestdcted
funds||||354,129|244,944|
|Restricted
funds||||5,356|18,357|
|||||359,485|263,301|
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|Grants payable|||||
|---|---|---|---|---|
||||Charitable|Charitable|
||||Activities|Activities|
||||2022|2021|
||||6||
|Grants to institutions:|||||
|Looe Darby and Joan Club|||250|250|
|Looe Age Concern
Royal British Legion -wreath
Rotary Club of Liskeard and||Looe|250
25|250
25
500|
|A Moschakis for attendance||at a football academy||250|
|Looe community
meals|project||1,000||
|Liskeard and Looe foodbank|||1,500||
|Looe Film society|||250||
|Replacement
defibrillator|and battery at Seafront locations||2,423||
||||5,698|1,275|
|||Support|Governance|2022Support|costs|Governance|2021|
|---|---|---|---|---|---|---|---|
|||costs|costs|||costs||
|||||||F||
|Staff costs||20,059|5,015|25,074|19,107|4,777|23,884|
|Guildhall|utilities|3,046|761|3,807|3,381|845|4,226|
|Insurance||5,649|1,406|7,055|5,190|1,292|6,482|
|Postage and stationery||1,753|959|2,712|1,280|1,500|2,780|
|Audit fees|||3,405|3,405||3,465|3,465|
|Legal and|professional||3,370|3,370||5,036|5,036|
|||30,507|14,916|45,423|28,958|16,915|45,873|
|Analysed
Charitable|between
activities|30,507|14,916|45,423|28,959|16,914|45,873|
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|The averag|e|monthly
number
of employees
during t|he year was:||
|---|---|---|---|---|
||||2022|2021|
||||Number|Number|
|Charitable|activities||||
|Governance|||||
|Employment||costs|2022
f.|2021f|
|Wages and||salaries|101,479|99,148|
|Tangible fixed assets||||||
|---|---|---|---|---|---|
|||Plant and|Fixtures and|Computers|Total|
|||equipment|fllarlgs|||
|||f||||
|Cost or valuation||||||
|At 1 January 2022||124,488|150,705|6,854|282,047|
|Additions||22,410|||22,410|
|At 31 December 2022||146,898|150,705|6,854|304,457|
|Depreciation
and impairment||||||
|At 1 January 2022||102,552|138,898|6,523|247,973|
|Depreciation
charged|in the year|4,387|5,723|109|10,219|
|At 31 December 2022||106,939|144,621|6,632|258,192|
|Carrying
amount||||||
|At 31 December 2022||39,959|6,084|222|46,265|
|At 31 December 2021||21,936|11,807|331|34,074|
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||continue
to represent
the property
values at 31 December 202
or the revaluation
reserve at the current year end.|continue
to represent
the property
values at 31 December 202
or the revaluation
reserve at the current year end.|continue
to represent
the property
values at 31 December 202
or the revaluation
reserve at the current year end.|continue
to represent
the property
values at 31 December 202
or the revaluation
reserve at the current year end.|continue
to represent
the property
values at 31 December 202
or the revaluation
reserve at the current year end.|continue
to represent
the property
values at 31 December 202
or the revaluation
reserve at the current year end.|
2. Therefore no change
is required
in the value|
2. Therefore no change
is required
in the value|
2. Therefore no change
is required
in the value|
|---|---|---|---|---|---|---|---|---|---|
||On transfer to the new CIO on 1 October 2016the properties||||||had a book value off2,609,362.An increase
in|||
||this cost for the construction
of the Guildhall
restaurant
2017. Given the very long history ofthe previous
trust,|||||of680,914occurred
records do not allow||in the year ended 30 September
for a full cost value ofthe assets||
||to be stated.|||||||||
|14|Financial instruments|||||||2022|2021|
|||||||||6|6|
||Carrying
amount of|financial assets||||||||
||Instruments
measured|at fair|value through|profit|or loss|||60|60|
|15|Stocks|||||||||
|||||||||2022|2021|
|||||||||6|8|
||Finished goods and goods for resale|||||||839|711|
|16|Debtors|||||||||
|||||||||2022|2021|
||Amounts
falling due|within one year:||||||F|f|
||Trade debtors|||||||11,319|15,801|
||Prepayments
and accrued income|||||||2,037|10,865|
|||||||||13,356|26,666|
|17|Creditors: amounts
falling due within one|||year||||||
|||||||||2022|2021|
||||||||Notes|6|6|
||Other taxation
and social security|||||||21,022|19,480|
||Deferred income||||||18|3,179|3,969|
||Payments
received on|account||||||68,760|66,643|
||Trade creditors|||||||5,946|4,589|
||Other creditors|||||||2,216|2,178|
||Accruals and deferred|income||||||7,820|8,446|
|||||||||108,943|105,305|
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||||||||Balance at|Transfers|Transfers||Balance at|Transfers|Transfers||Balance at|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||1 January 2021|||||1 January
2022||||31December
2022|
||Operating
Property||reserve
reserve||||129,413
306,350||15,725||145,138
306,350|(26,027)|||119,111
306,350|
||||||||435,763||15,725||451,488|(26,027)|||425,461|
||Annual|transfer||made|based|on 6 months|of unrestricted||costs|excluding
depreciation|||and|discretionary||
||grants.|||||||||||||||
|20|Analysis||ofnet assets||between funds|||||||||||
||||||Unrestricted
Restricted||||Total||Unrestricted|Restricted|||Total|
|||||||funds|funds||||funds||funds|||
|||||||2022|2022||||2021||2021||2021|
||||||||||||||6|||
||Fund balances at 31|||||||||||||||
||December 2022|||are||||||||||||
||represented
by:
Tangible assets|||||43,242|3,023||46,265||30,260||3,814||34,074|
||Heritage assets
investment
properties
Current
assets/(liabilities)|||||1
3,063,500
376,468|(2,023)|1
3,063,500
374,445|||1
3,063,500
496,857||(3,814)||1
3,063,500
493,043|
|||||||3,483,211|1,000|3,484,211|||3,590,618||||3,590,618|
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