| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Notes to the financial | statements |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and | endowments | |||||||
| Charitable activities |
4 | 25,244 | 7,214 | 32,458 | 18,640 | |||
| Investment | income | 5 | 7,784 | 7,784 | 9,635 | |||
| Total income | 33,028 | 7,214 | 40,242 | 28,275 | ||||
| Expenditure | ||||||||
| Expenditure | on charitable | activities | 6,7 | 193,744 | 7,214 | 200,958 | 131,648 | |
| Total expenditure | 193,744 | 7,214 | 200,958 | 131,648 | ||||
| Net (losses)/gains on investments |
10 | (1,244,172) | (1,244,172) | 234,258 | ||||
| Net (expenditure)/income | and net | |||||||
| movement | in funds | (1,404,888) | (1,404,888) | 130,885 | ||||
| Reconciliation offunds |
||||||||
| Total funds | brought | forward | 3,010,211 | 3,010,211 | 2,879,326 | |||
| Total funds | carried | forward | 1,605,323 | 1,605,323 | 3,010,211 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible fixed assets | 15 | 819,967 | 816,747 | ||
| Heritage assets | 15 | I | I | ||
| Investments | 17 | 239,464 | 1,483,636 | ||
| Programme | related investments | 18 | 178,000 | 178,000 | |
| 1,237,432 | 2,478,384 | ||||
| Current assets |
|||||
| Stocks | 19 | 1000 | 1000 | ||
| Debtors | 20 | 52,101 | 44,202 | ||
| Cash at bank | and in hand | 351,667 | 517,480 | ||
| 404,768 | 562,682 | ||||
| Creditors: amounts | falling due within one year | 21 | 36,877 | 30,855 | |
| Net current | assets | 367,891 | 531,827 | ||
| Total assets | less current liabilities | 1,605,323 | 3,010,211 | ||
| Net assets | 1,605,323 | 3,010,211 | |||
| Funds ofthe charity | |||||
| Unrestricted | funds | 1,605,323 | 3,010,211 | ||
| Total charity funds | 23 | 1,605,323 | 3,010,211 |
| Charitable activities |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| Income from non-investment | property | in | |||
| furtherance ofthe charity's objects |
699 | 699 | |||
| Project performance-related Sale oflambs |
grants | 1,419 | 7,214 | 7,214 1,419 |
|
| Wayleaves | 106 | 106 | |||
| Grants received in respect ofland |
21,963 | 21,963 | |||
| Other income from charitable | activities | 1,057 | 1,057 | ||
| 25,244 | 7,214 | 32,458 |
| Charitable activities (contin |
aed) | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| Income from non-investment | property | in | |||
| furtherance ofthe charity's objects |
790 | 790 | |||
| Project performance-related | grants | 5,506 | 5,506 | ||
| Sale oflambs | |||||
| Wayleaves | 72 | 72 | |||
| Grants received in respect ofland |
12,272 | 12,272 | |||
| Other income from charitable | activities | ||||
| 13,134 | 5,506 | 18,640 |
| nvestment incom |
e | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Bank interest receivable | 191 | 191 | 1,111 | 1,111 | |
| Interest receivable | from programme | ||||
| related investments | 7,593 | 7,593 | 8,524 | 8,524 | |
| 7,784 | 7,784 | 9,635 | 9,635 |
| Expenditure | on charitable activities by f |
und type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Maintenance | ofland and property | 170,512 | 7,214 | 177,726 |
| Support costs | 23,232 | 23,232 | ||
| 193,744 | 7,214 | 200,958 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Maintenance Supportcosts |
ofland and property | 108,380 17,762 |
5,506 | 113,886 17,762 |
| 126,142 | 5,506 | 131,648 |
| Expenditure | on charitable activitie |
s by activity typ | e | ||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2021 | 2020 | ||
| Maintenance | ofland and property | 177,726 | 3,020 | 180,746 | 113,886 |
| Governance | costs | 20,212 | 20,212 | 17,762 | |
| 177,726 | 23,232 | 200,958 | 131,648 |
| 2021 | 2020 | ||
|---|---|---|---|
| K | |||
| Wages/salaries | 27,336 | 19,764 | |
| Pension costs | 2,408 | 2,092 | |
| Repairs &maintenance | 135,292 | 71,289 | |
| Insurance | 3,719 | 5,700 | |
| Other professional | fees | 8,025 | 13,981 |
| Depreciation | 946 | 650 | |
| Training | 410 | ||
| Support costs as per note 9 | 3,020 | ||
| Governance costs |
as per note 9 | 20,212 | 17,762 |
| Total | 200,958 | 131,648 |
| Analysis of | support costs | |||
|---|---|---|---|---|
| Maintenance | ||||
| ofland and | ||||
| property | Total 2021 | Total 2020 | ||
| General office | 3,020 | 3,020 | ||
| Governance | costs | 20,212 | 20,212 | 17,762 |
| 23,232 | 23,232 | 17,762 |
| General office costs | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Rent | 2,000 | ||||
| Internet, software and stationery |
costs | 589 | |||
| Light & heat | 150 | ||||
| Repairs &maintenance | 109 | ||||
| Other establishment | 172 | ||||
| Total | 3,020 | ||||
| Governance costs are analysed |
as follows: | ||||
| Governance costs |
|||||
| Secretarial and accountancy |
salaries and wages | 10,492 | 5,789 | ||
| Secretarial and accountancy | pension costs | 925 | 1,322 | ||
| Life insurance | 512 | 557 | |||
| Accountancy fees |
2,460 | 3,459 | |||
| Other professional fees |
593 | 2,520 | |||
| Independent examination |
fees | 5,060 | 2,355 | ||
| Section 75 pension debt | 1,639 | ||||
| Other finance costs | 170 | 121 | |||
| Total | 20,212 | 17,762 |
| Unrestricted | Total Funds | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||||
| K | ||||||||
| Gains/(losses) | on | other | investment | |||||
| assets | (1,244,172) | (1,244,172) | 234,258 | 234,258 |
| 11. | Net (expenditure)/income | Net (expenditure)/income | |||||
|---|---|---|---|---|---|---|---|
| Net (expenditure)/income | is stated after charging/(crediting): | ||||||
| 2021 | 2020 | ||||||
| Depreciation | oftangible fixed assets | 946 | 650 | ||||
| 12. | Independent | examination | fees | ||||
| 2021 | 2020 | ||||||
| Fees payable | to the independent | examiner | for: | ||||
| Independent | examination | ofthe | financial | statements | 5,060 | 2,355 |
| Staffcosts | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed | as follows: |
| 2021 | 2020 | |||
| Wages and salaries | 37,828 | 25,553 | ||
| Employer contributions |
to pension | plans | 3,333 | 3,414 |
| Other employee benefits |
512 | 557 | ||
| 41,673 | 29,524 |
| offull-ti | me equivalent em |
plo | yees during t |
he year is analyse | d as follows: |
|
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| No. | No. | |||||
| Number | ofadministrative | staff | 2 | 2 | ||
| Number | ofland and property | maintenance | staff | 2 | 2 | |
| 4 | 4 |
| Freehold | Plant and | ||||
|---|---|---|---|---|---|
| property | machinery | Total | |||
| Cost | |||||
| At 6April | 2020 | 814,896 | 13,903 | 828,799 | |
| Additions | 4,166 | 4,166 | |||
| At 5April | 2021 | 814,896 | 18,069 | 832,965 | |
| Depreciation | |||||
| At 6 April | 2020 | 12,052 | 12,052 | ||
| Charge for the year | 946 | 946 | |||
| At 5April | 2021 | 12,998 | 12,998 | ||
| Carrying | amount | ||||
| At 5April | 2021 | 814,896 | 5,071 | 819,967 | |
| At 5 April | 2020 | 814,896 | 1,851 | 816,747 | |
| 16. | Heritage assets |
| Heritage | ||
|---|---|---|
| assets | ||
| Cost or valuation | ||
| At 6April | 2020 and 5April 2021 | |
| Accumulated depreciation |
||
| At 6April | 2020 and 5April 2021 | |
| Carrying | amount | |
| At 5April | 2021 | |
| At 5 April | 2020 |
| Other | ||
|---|---|---|
| investments | ||
| Cost or valuation | ||
| At 6 April | 2020 | 1,483,636 |
| Additions | ||
| Fair value | movements | (1,244,172) |
| At 5April | 2021 | 239,464 |
| Impairment | ||
| At 6April | 2020 and 5April 2021 | |
| Carrying | amount | |
| At 5April | 2021 | 239,464 |
| At 5 April | 2020 | 1,483,636 |
| Stocks | |||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Finished | goods | and | goods | for | resale | 1000 | 1000 |
| 20. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Prepayments | and accrued income | 809 | 955 | |||
| Other debtors | 51,292 | 43,247 | ||||
| 52,101 | 44,202 | |||||
| 21. | Creditors: amounts | falling due within | one year | |||
| 2021 | 2020 | |||||
| Accruals and | deferred | income | 11,852 | 10,456 | ||
| Other creditors | 25,025 | 20,399 | ||||
| 36,877 | 30,855 |
| Analysis ofc | haritable | funds |
||||
|---|---|---|---|---|---|---|
| Unrestricted | funds | |||||
| At | Gains and | At 5April | ||||
| 6April 2020 | Income | Expenditure | losses | 2021 | ||
| General funds | 3,010,211 | 33,028 | (193,744) | (1,244,172) | 1,605,323 | |
| At | Gains and | At | ||||
| 6 April 2019 | Income | Expenditure | losses | 5 April 2020 | ||
| General funds | 2,879,326 | 22,769 | (126,142) | 234,258 | 3,010,211 |
| Restricted | funds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | At 5April | ||||||
| 6 | April | 2020 | Income | Expenditure | losses | 2021 | ||
| Restricted | Fund- | |||||||
| Compton | Meadows | |||||||
| Scheme | 7,2I4 | (7,214) | ||||||
| At | Gains and | At | ||||||
| 6 | April | 2019 | Income | Expenditure | losses | 5 April 2020 | ||
| Restricted | Fund- | |||||||
| Compton | Meadows | |||||||
| Scheme | 5,506 | (5,506) |
| Analysis ofn | et assets | bet | ween funds |
||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | ||||||
| Funds | 2021 | ||||||
| Tangible fixed assets | 819,967 | 819,967 | |||||
| Heritage assets | I | I | |||||
| Investments | 41/,464 | 417,464 | |||||
| Current assets | 404,768 | 404,768 | |||||
| Creditors less |
than I year | (36,877) | (36,877) | ||||
| Net assets | 1,605,323 | 1,605,323 | |||||
| Unrestricted | Total Funds | ||||||
| Funds | 2020 | ||||||
| Tangible fixed assets | 816,747 | 816,747 | |||||
| Heritage assets |
I | I | |||||
| Investments | 1,661,636 | 1,661,636 | |||||
| Current assets | 562,682 | 562,682 | |||||
| Creditors less |
than I year | (30,855) | (30,855) | ||||
| Net assets | 3,010,211 | 3,010,211 | |||||
| Financial instruments | |||||||
| The carrying | amount | for each category offinancial | instrument | is as follows: | |||
| 2021 | 2020 | ||||||
| K | |||||||
| Financial assets measured | at fair value through | income and | expenditure | ||||
| Financial assets measured | at fair value through | income and | |||||
| expenditure | 417,464 | 1,661,636 |
| DETAILS OF LAND AND PRO | PERTY | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| g | ||||
| FREEHOLD PROPERTY | ||||
| 38 High Street —Strip | 0.1acre | 4,645 | 4,645 | |
| Coombe Hollow —Squeak | I acre | 4,825 | 4,825 | |
| Coombe Wood | 35 acres | 39,929 | 39,929 | |
| Compton Dundon - Agricultural |
28acres | 181,449 | 181,449 | |
| Land | ||||
| Hindhayes Field, Higher Brooks |
6acres | 13,660 | 13,660 | |
| Longwood | 127acres | 170,902 | 170,902 | |
| Meeting House Orchard | I acre | 77,475 | 77,475 | |
| Old Bowling Green | I acre | 14,074 | 14,074 | |
| Tum Hill/Beer Wood | 4acres | 5,083 | 5,083 | |
| Vine Orchard 6'c Land nr |
2 acres | 36,832 | 36,832 | |
| Greenbank | ||||
| Dunwell Fields, Moorlynch |
32,327 | 32,327 | ||
| Skateboard Park, Street | 57,312 | 57,312 | ||
| Teazle Wood, Lot 4, Higher | 6.71acres | 47,857 | 47,857 | |
| Brooks | ||||
| Land at Overieigh, Street |
15,740 | 15,740 | ||
| Hatch Hill, Westfield Corner and | 54acres amenity | ck 24 acres | 72,236 | 72,236 |
| Fields | agricuiiura! | |||
| Allotment Land |
3,5 acres | 16,953 | 16,953 | |
| Middle Leigh Farm and Field | 3acres | 23,597 | 23,597 | |
| 814,896 | 814,896 | |||
| GRAND TOTAL | 814,896 | 814,896 |