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2021-12-31-accounts

Annual Report and Accounts Period to 31 December 2021 Park Life Heavitree Report authored by: Kate Holmes / Ben Hunt parkl eavitree

			Page
Trustees' Annua I Report
Statement of	Trustees'	Responsibilities
Independent	Examiner's	Report	12
Statement of	Fina ncia I Activities		13
Balance Sheet
Notes to the Financial Statements			16-26

Registered	Company	number	07735745
Registered	office		34 Whipton Lane
			Heavitree
			EXETER
			EX13DS
Trustees			Katharine Hadden	(Chair)
			Ben Hunt
			Katherine Wilder (resigned		25/05/2021)
			Penny Bromley
			Kirsten Clarke
			Owain Hadden
			Kate Holmes
			Claire Hunt
			Hannah Overton
			Peter Williams
			Christopher Baddy	(appointed		25/05/2021)
Independent	examiner		Stephanie Henshaw	FCA
			Francis Clark LLP
			Centenary House
			Peninsula Park
			Rydon Lane
			EXETER
			EX2 7XE

				Note	Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds to	Funds to
							31	31August
							December	2020
							2021
							f	f
Income
Donations					9,115	84,427	93,542	301,387
Charitable activities					1,208		1,208	5,352
Investment income					242		242	496
Other income					11,779		11,779
Total income					22,344	84,427	106,771	307,235
Expenditure
Charitable activities					34,055	41,093	75,148	27,300
Total expenditure					34,055	41,093	75,148	27,300
Net income/(expenditure)					(11,711)	43,334	31,623	279,935
Transfers between		funds			922,916	(922,916)
Net movement	in funds				911,205	(879,582)	31,623	279,935
Reconciliation	offunds:
Fund balances	brought		forward		80,518	930,056	1,010,574	730,639
Fund balances	carried forward			11	991,723	50,474	1,042,197	1,010,574

			Note	31December 2021	31August 2020
					f
Fixed Assets
Tangible assets				992,756	70,951
Investments				1
				992,757	70,951
Current Assets
Stock				1,495
Debtors				25,081	732,542
Cash at bank	and	in hand		80,514	213,366
				107,090	945,908
Creditors
Amounts falling due within one year				(18,010)	(6,285)
Net current assets				89,080	939,623
Creditors falling due greater than one			10	(39,640)
year
Net assets				1,042,197	1,010,574
The funds ofthe Charity
Restricted funds				50,474	930,056
Unrestricted	funds			991,723	80,518
Total funds				1,042,197	1,010,574

				Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
				f	f	f	f
Donations				4,125		4,125	1,793
Gift aid tax		refunds	and GASDS 944			944	596
Grants				4,046	84,427	88,473	298,998
				9,115	84,427	93,542	301,387
Included	in	the 2020total of		f301,387 is donations on restricted funds off294,040			and
unrestricted		funds	ofE7,347.
3. Income		from Charitable		activities
				Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
				f	f	f	f
Event income				734		734	4,886
Rental income				474		474	466
				1,208		1,208	5,352

4. Expenditure on	Charitable activ	ities
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		f	f	f	f
Event costs		5,827	1,546	7373	5,648
Grants given			8,075	8,075
Employment costs		8,986	11,373	20,359	12,929
Van expenses					61
Storage costs		700	300	1,000	1,200
IT and equipment		334		334	10
Insurance		1,069		1,069	1,008
Print, post S.stationery		398	24	422	142
Administrative costs		3,013	5,049	8,062	340
Sundry expenses		(476)	2,071	1,595	644
Depreciation		4,060		4,060	790
Travel and subsistence		40		40	54
Repairs and maintenance		1,401	7,461	8,862
Website expenses		(312)	693	381	561
Bookkeeping/payroll	expenses	6,172	3,201	9,373	2,467
Accountancy		795	1,300	2,095	196
Governance costs
independent examination		1,575		1,575	1,250
Trustee expenses		473		473
		34,055	41,093	75,148	27,300

5. Tangible fixed ass	ets
		Land and		Equipment Assets Under					Fixtures and			Total
		Buildings			Construction				Fittings
		f		f				f		E
Cost
At 1September 2020				2,956		70,289						73,245
Additions in the period		850,693		25,189						49,983	925,865
Transfers in period		70,289				(70,289)
At:31December 2021		920,982		28,145						49,983	999,110
Depreciation
At 1September 2020				2,294								2,294
Charge for the period		2,560		1,083						417		4,060
At 31December 2021		2,560		3.377						417		6,354
Net book value
At 31December 2021		918,422		24,768						49,566	992,756
At 31August 2020						70,289						70,951
6. Investments
The Charity owns the sole f1		share issued		by Park Cafe	Heavitree Limited (registration						number
13279479)which was	incorporated to		operate the Charity's			trading			activities	on 19March		2021.
The current investment	value	in Park Cafe		Heavitree Limited		is f24,347,this				represents	E1	share
capital and a loan off19,800		and a trading		balance ofE4,546.			The	net liabilities ofthe
subsidiary at 31December 2021were			f10,953. The registered				office of Park			Cafe Heavitree
Limited is PKF Francis	Clark, Centenary		House, Peninsula		Park,		Rydon		Lane, Exeter, Devon, EX2
7XE.

		31	December	31	August
			2021		2020
			f		E
Closing	stock		1,495
			1,495

				31December	31August
				2021	2020
				f	f
Amounts	due from subsidiary			24,346
Other debtors				4
Prepayments				731	784
Accrued income					731,758
				25,081	732,542
9. Creditors: Amounts			falling due within one year
				31December	31August
				2021	2020
				f	f
Bank loan				9,527
Other taxation		and social security		1,645
Other creditors				4,613	3,338
Accruals				2,225	2,947
				18,010	6,285
10.Creditors: Amounts			falling due after one year
				31December	31August
				2021	2020
				f	f
Bank loan				39,640
				39,640

11.Movement	11.Movement	11.Movement	in funds	in funds
				1	September	Income	Expenditure	Transfers	31
					2020				December
									2021
									E
Medical Training					1,245				1,245
The National		Lottery-			334,159	46,600	(27,806)	(315,140)	37,813
Community		Fund
Community		Hub-			594,522	37,327	(13,293)	(607,776)	10,780
/Community		Cafe
Get Active	Exeter				130	500			636
Restricted	funds				930,056	84,427	(41,093)	(922,916)	50,474
Unrestricted		funds			80,518	22,344	(34,055)	922,916	991,723
Total funds					1,010,574	106,771	(75,148)		1,042,197
Prior year	Comparative			note
				1	September	Income	Expenditure	Transfers	31August
					2019				2020
					f	E	E	f	f
Get Active	Exeter					930	(800)		130
Medical Training					1,245				1,245
The National		Lottery-			254,002	93,400	(13,243)		334,159
Community		Fund
Community		Hub-			422,794	200,640	(543)	(28,369)	594,522
/Community		Cafe
Restricted	funds				678,041	294,970	(14,586)	(28,369)	930,056
Unrestricted		funds			52,598	12,265	(12,714)	28,369	80,518
Total funds					730,639	307,235	(27,300)		1,010,574

		Unrestricted	Restricted	Total
		Funds	Funds
		f	f	f
Fixed Assets		992,757		992,757
Current	Assets	56,616	50,474	107,090
Current	Liabilities	(57,650)		(57,650)
Net Assets		991,723	50,474	1,042,197

Prior ye	ar comparative note
		Unrestricted	Restricted	Total
		Funds	Funds
		f	f	f
Fixed Assets		70,951		70,951
Current	Assets	15,852	930,056	945,908
Current	Liabilities	(6,285)		(6,285)
Net Assets		80,518	930,056	1,010,574