Annual Report and Accounts
Period to 31 December 2021
Park Life Heavitree
Report authored by: Kate Holmes / Ben Hunt
parkl
eavitree
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|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|
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|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||||
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|||||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|
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||||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|
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|||||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|
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|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|
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|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.|||||||||||||
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|||31|December|31|August|
|---|---|---|---|---|---|
||||2021||2020|
||||f||E|
|Closing|stock||1,495|||
||||1,495|||
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|||||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||
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|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|
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|||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|
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|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|
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