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|Trustees'
annual
report (incorporating|||the|director's|report)||
|Independent|examiner's
report to the||trustees||||
|Statement|of financial
activities|(including||income and|||
|expenditure|account)||||||
|Statement|offinancial
position||||||
|Statement|ofcash flows|||||10|
|Notes to the financial
statements|||||||
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|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||
||||||Mr SEssex||
||||||Mr D Brett||
||||||Mrs C Marsh||
|Independent||examiner|||Mrs S LWatts|FCGA DChA|
||||||Thomas Westcott LLP||
||||||Chartered
Accountants||
||||||5West Street||
||||||Okehampton||
||||||Devon||
||||||EX20 1HQ||
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|||||2021
'|2021
'|2020|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note|2|2||
|Income and endowments|||||||
|Donations
and legacies
Investment
income|||5
6|1,041,775
1,795|1,041,775
1,795|929,651
1,626|
|Total income||||1,043,570|1,043,570|931,277|
|Expenditure
Expenditure
on charitable|activities||7,8|2,671|2,671|1,774|
|Total expenditure||||2,671|2,671|1,774|
|Net income and net movement||in funds||1,040,899|1,040,899|929,503|
|Reconciliation offunds|||||||
|Total funds brought
forward||||1,920,511|1,920,511|991,008|
|Total funds carried forward||||2,961,410|2,961,410|1,920,511|
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|Statement of Fin
31 August 2021|ancial|Position||||
|---|---|---|---|---|---|
|||||2021|2020|
||||Note|||
|Fixed assets
Tangible fixed assets
Investments|||13
14|2,785,930
1|1,622,196
1|
|||||2,785,931|1,622,197|
|Current assets
Debtors
Cash at bank and in|hand||15|152,076
84,271|294,319
6,427|
|||||236,347|300,746|
|Creditors: amounts|falling|due within one year|16|60,868|2,432|
|Net current assets||||175,479|298,314|
|Total assets less current||liabilities||2,961,410|1,920,511|
|Net assets||||2,961,410|1 920511|
|Funds ofthe charity
Unrestricted
funds||||2,961,410|1,920,511|
|Total charity funds|||17|2,961,410|1,920,511|
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|Statement
of Cash Flo
Year ended 31 August|ws
2021||||
|---|---|---|---|---|
||||2021|2020|
|Cash flows from operating
Net income|activities||1,040,899|929,503|
|Adjustments
for:
Other interest
receivable and|similar income||(1,795)|(1,626)|
|Changesin:
Trade and other debtors
Trade and other creditors|||142,243
58,436|(3,481)
1,232|
|Cash generated
from operations|||1,239,783|925,628|
|Interest received|||1,795|1,595|
|Net cash from operating
activities|||1,241,578|927,254|
|Cash flows from investing
Purchase
of tangible assets|activities||(1,163,734)|(922,905)|
|Net cash used in investing
activities|||(1,1 63,734)|(922,905)|
|Net increase in cash and cash equivalents
Cash and cash equivalents
at beginning||ofyear|77,843
6,427|4,349
2,078|
|Cash and cash equivalents|at end of year||84,270|6,427|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2021|Funds|2020|
||Donations|||||||
||Donations
Gift aid donations|||1,075,290
(33,515)|1,075,290
(33,515)|658,297
271,354|658,297
271,354|
|||||1,041,775|1,041,775|929,651|929,651|
|6.|Investment||income|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
|||||6|2|P.||
||Intercompany||loan interest|1,795|1,795|1,626|1,626|
|7.|Expenditure||on charitable|activities by fund type||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
||Charitable|activities||2,671|2,671|1,774|1,774|
|8.|Expenditure||on charitable|activities by activity type||||
||||||Activities|||
||||||undertaken|Total funds|Total fund|
||||||directly|2021|2020|
||Charitable|activities|||2,671|2,671|1,774|
|9.|Analysis of||support costs|||||
||||||Analysis
of|||
||||||charitable|||
||||||activities|Total 2021|Total 2020|
||Bank charges
Utilities costs||||140
1,668|140
1,668|87|
||Equipment
hire
Sundry expenses
Accountancy||||13
850|13
850|37
150
1,500|
||||||2,671|2,671|1,774|
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|Independent|examinatio|n
fees|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||2||
|Fees payable
Independent|to the independent
examination
ofthe||examiner for:
financial
statements||850|1,200|
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|During the year, no Trustee expenses
Tangible fixed assets|have been in|curred (2020:anil|).||
|---|---|---|---|---|
|||Freehold|Assets under||
|||property|construction|Total|
|||||2|
|Cost|||||
|At 1 September 2020
Additions||153,264
3,515|1,468,932
1,160,219|1,622,196
1,163,734|
|At 31 August 2021||156,779|2,629,151|2,785,930|
|Depreciation|||||
|At 1 September 2020 and 31 August|2021||||
|Carrying
amount
At 31 August 2021||156,779|2,629,151|2,785,930|
|At 31 August 2020||153,264|1,468,932|1,622,196|
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|Investments||||
|---|---|---|---|
|||Shares|in|
|||group||
|||undertakings||
|Cost or valuation||||
|At 1 September|2020 and 31 August 2021|||
|Impairment||||
|At 1 September|2020 and 31 August 2021|||
|Carrying
amount||||
|At 31 August 2021|||1|
|At 31 August 2020|||1|
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|15.|All investments
shown
Debtors|above are held at valuation.|||
|---|---|---|---|---|
||||2021|2020|
||Amounts
owed by group undertakings
Other debtors||137,210
14,866|134,215
160,104|
||||152,076|294,319|
|16.|Creditors: amounts|falling due within one year|||
||||2021|2020|
||||2||
||Trade creditors||59,818||
||Accruals and deferred|income|1,050|1,200|
||Social security and other taxes|||1,232|
||||60,868|2,432|
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|Unrestricted|funds||||||||
|---|---|---|---|---|---|---|---|---|
||||At||||||
|||1 September||||||At|
||||2020|Income|Expenditure|Transfers|31August 2021||
|General funds||||1,043,570|(2,671)|(1,040,899)|||
|Development|offixed||||||||
|assets|||1,920,511|||1,040,899||2,941,410|
||||1,920,511|||||1,920,511|
||||At||||||
|||1|September|||||At|
||||2019|Income|Expenditure|Transfers 31||August 2020|
|General funds||||931,277|(1,774)|(929,503)|||
|Development|offixed||||||||
|assets|||991,008|||929,503||1,920,511|
||||991,008|931,277|(1,774)|||1,920,511|
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|Analysis of net as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2021|
|Tangible fixed assets||2,785,930|2,785,930|
|Investments||1|1|
|Current assets||236,347|236,347|
|Creditors less than|1 year|(60,868)|(60,868)|
|Net assets||2,961,410|2,961,410|
|||Unrestricted|Total Funds|
|||Funds|2020|
|Ta'ngible fixed assets||1,622,196|1,622,196|
|Investments||1|1|
|Current assets||300,746|300,746|
|Creditors less than|1 year|(2,432)|(2,432)|
|Net assets||1,920,511|1,920,511|
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|Analy|sis|ofc|han|ges|
in net debt|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||At||
|||||||At|1|Sep 2020
2|Cash flows
2|31Aug|2021
8|
|Cash|at|bank|and|in|hand|||6,427|77,844|84,271||