2020-08-31-accounts - Okehampton Skills And Sports Trust

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					Page
Trustees' annual report (incorporating		the	director's	report)
Independent examiner's report to the		trustees
Statement offinancial activities	(including		income and
expenditure account)
Statement of financial position
Statement ofcash flows
Notes to the financial statements					10

Registered		charity	name	name	Okehampton	Skills and Sports Trust
Charity registration			number		1169987
Company	registration			number	10313561
Principal office and			registered		Fairways
office					Tanners Hill
					Okehampton
					EX204ND
The trustees
					Mr A Ewen
					Mr R Metherell
					Mr I Courtney
					MrSEssex
					'Mr D Brett.
					Mrs C Marsh
Independent		examiner			Mrs S LWatts FCCA DChA Thomas Westcott Chartered	Accountants
					5West Street
					Okehampton
					Devon
					EX20 1HQ

Year ended 31Augu	st 20	20
				2020		2019
				Unrestricted
				funds	Total funds	Total funds
			Note			E
Income and endowments Donations and legacies Investment income			5 6	929,651 1,626	929,651 1,626	541,936 1,595
Total income				931,277	931,277	543,531
Expenditure Expenditure on charitable	activities		7,8	1,774	' 1,774	26,588
Total expenditure				1,774	1,774	26,588
Net income and net movement		in funds		929,503	929,503	516,943
Reconciliation offunds Total funds brought forward				991,008	991,008	474,065
Total funds carried forward				1,920,511	1,920,511	991,008

Statement ofFin 31August 2020	ancia	t Position
				2020	2019
			Note		E
Fixed assets Tangible fixed assets Investments			13 14	1,622,196 1	699,291 1
				1,622, 197	699,292
Current assets Debtors Cash at bank and in	hand		15	294,319 6,42'7	290,838 2,078
				300,746	292,916
Creditors: amounts	falling	due within one year	16	2,432	1,200
Net current assets				298,314	291,716
Total assets less current		liabilities		1,920,511	991,008
Net assets				1,920,511	991,008
Funds ofthe charity Unrestdicted funds				1,920,511	991,008
Total charity funds			17	1,920,511	991,008

Statement ofCash Flo Year ended 31August	ws 2020
			2020 f	2019 f
Cash flows from operating Net income	activities		929,503	516,943
Adjusfments for. Other Interest receivable end	similar income		(1,626)	(1,595)
Changesin: Trade and other debtors Trade and other creditors			(3,481) 1,232	(281,038) (1,439)
Cash generated from operations			925,628	232,871
Interest received			1,626	1,595
Net cash from operating activities			927,254	234,466
Cash flows from investing Purchase oftangible assets	activities		(922,905)	(233,908)
Net cash used in investing activities			(922,905)	(233,908)
Net increase in cash and cash equivalents Cash and cash equivalents at beginning		ofyear	4,349 2,078	558 1,520
Cash and cash equivalents	at end ofyear		6,427	2,078

Ye	ar ended 31August 202	ar ended 31August 202	0
5.	Donations and legacies
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				F			8
	Donations Donations GIR aid donations			658,297 271,354	658,297 271,354	381,832 160,104	381,832 160,104
				929,651	929,651	541,936	541,936
6.	Investment	income
				Unrestdcted	Total Funds	Unrestricted	Total Funds
				Funds f	2020 6	Funds 6	2019 E
	Intercompany	loan interest		1,626	1,626	1,595	1,595
7.	Expenditure	on charitable	activities	by fund type
				Unrestdcted	Total Funds	Unrestdcted	Total Funds
				Funds f	2020	Funds 5	2019 F
	Char itable activities			1,774	1,774	26,588	26,588
8.	Expenditure	on charitable	activities	by activity type
					Activities
					undertaken	Total funds	Total fund
					directly 6	2020	2019 f
	Charitable activities				1,774	1,774	26,588
9.	Analysis ofsupport costs
					Analysis of
					charitable
					activities F	Total 2020 f	Total 2019 E
	Bank charges Utilities costs Equipment hire Insurance Sundry expenses Accreditation costs Accountancy				87 37 150 1,500	87 37 150 1,500	72 8,911 7,812 4,530 503 4,200 560
					1,774	1,774	26,588

Independent	examination fees
			2020	2019
Fees payable independent	to the independent examination ofthe	examiner for: financial statements	1,200	560

Tangible fixed assets
	Freehold	Assets under
	property	construction 6	Total 6
Cost At 1 September 2019 Additions	153,264	546,027 922,905	699,291 922,905
At 31August 2020	153,264	1,468,932	1,622,196
Depreciation At 1Sepfember 2019and 31August 2020
Carrying amount At 31August 2020	153,264	1,468,932	1,622,196
At 31 August 2019	153,264	546,027	699,291

Cost or valuation
At 1September 2019and 31August 2020
Impairment At 1September 2019and 31August 2020
Carrying amount
At 31August 2020
At 31 August 2019
All investments shown above are held at valuation.

15.	All investments shown Debtors	above are held at valuation.
			2020	2019
			8
	Amounts owed by group undertakings Other debtors		134,215 160,104	110,027 180,811
			294,319	290,838
16.	Creditors: amounts	falling due within one year
			2020	2019
	Accruals and deferred income Social security and other taxes		1,200 1,232	1,200
			2,432	1,200

Analysis ofnet as
	Unrestricted	Total Funds
	Funds	2020
	6
Tangible fixed assets Investments Current assets Creditors less than 1 year	1,622,196 1 300,746 (2,432)	1,622,196 1 300,746 (2,432)
Net assets	1,920,511	1,920,511
	Unrestdicted	Total Funds
	Funds	2019
Tangible fixed assets Investments Current assets Creditors less than 1 year	699,291 1 292,916 (1,200)	699,291 1 292,916 (1,200)
Net assets	991,008	991,008