## ## ## ||||||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|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| ## ## ## ## |Unrestricted|funds||||||| |---|---|---|---|---|---|---|---| |||At|||||At| |||1 September
2019|Iricome
'6|Expenditure
K|31August
Transfers||20
20| |General funds|||931,277|(1,774)|(929,503)||| |Development
assets|offixed|991,008|||929,503|1,920,511|| |||991,008|931,277|(1,774)||1,920,511|| |||At|||||At| |||1 September
2018|Income|Expenditure|31August
Transfers||20
19| |||6||E|E|F|| |General funds||474,065|543,531|(26,588)|(991,008)||| |Development
assets|offixed||||991,008|991,008|| |||474,065|543,531|(26,588)|—|991,008|| ## |Analysis ofnet as|sets between funds||| |---|---|---|---| |||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| ## ## ## ## |Analy|sis|ofc|han|ges|
in net debt||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||At|| |||||||At|1|Sep 2019 Cash flows
f
'
F||31Aug|2020
8| |Cash|at|bank|and|in|hand|||2,078|4,349|6,427|| ##