| Page | |
|---|---|
| Reference and administrative detailsofthe Charity, its Trustees and advisers | 1 |
| Trustees' report | 2-8 |
| Independent examiner's report | 9 - 10 |
| Statementoffinancial activities | 11 |
| Balance sheet | 12 |
| Notestothe financial statements | 13 - 28 |
| REFERENCE AND | ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS |
|---|---|
| FOR THE YEAR ENDED 30 JUNE 2021 | |
| Trustees | M Knight, Chair (to31May2021) (resigned31May2021) |
| D Knight, Secretary (to31May2021) (resigned31May2021) | |
| J Reeves, Chair (from 1 June 2021) | |
| H French | |
| S Bond | |
| C Chanter | |
| R Templeton,Treasurer(from1June2021) | |
| R Guyver (resigned 5November2020) | |
| G Roberts, Vice Chair (from 1 June 2021) (resigned 10September2021) | |
| S Cormie | |
| R O'Neale, Secretary (from 1June2021) (appointed 22 October 2020) | |
| I Dudley (appointed 22 October 2020) | |
| M Goodison (appointed 22 October 2020, resigned 9 April 2021) | |
| J Morgane (appointed 30June2021) | |
| M Brooksbank (appointed 30 June 2021) | |
| C Higgins (appointed 30 June 2021) | |
| C Easton (appointed 30June2021) | |
| Charity registered | |
| number | 1172445 |
| Principal office | 7 Cathedral Close |
| Exeter | |
| Devon | |
| EX11EZ | |
| Key management | J Reeves, Chair (from 1June2021) |
| personnel | M Knight, Chair (to31May2021) |
| D Knight, Secretary (to31May2021) | |
| G Roberts, Vice Chair (from 1 June 2021) (resigned 10September2021) | |
| R O'Neale, Secretary (from 1 June 2021) | |
| R Templeton,Treasurer(from 1June2021) | |
| E Dunn, DirectorofProgramme& Projects | |
| E Laws, DirectorofCollections & Research | |
| Accountants | Griffin |
| Chartered Accountants | |
| 165 High Street | |
| Honiton | |
| EX141LQ |
| Asrestated | |||||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | ||
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 3 | 465 | 465 | 1,818 | |
| Charitable activities | 4 | 61,079 | 101,117 | 162,196 | 136,142 |
| Other trading activities | 5 | 1,522 | 1,522 | 15,894 | |
| Investments | 6 | 7 | 7 | 3 | |
| Total income | 61,079 | 103,111 | 164,190 | 153,857 | |
| Expenditure on: | |||||
| Charitable activities | 7 | 75,871 | 86,707 | 162,578 | 157,447 |
| Total expenditure | 75,871 | 86,707 | 162,578 | 157,447 | |
| Net (expenditure)/income before net | |||||
| gainsoninvestments | (14,792) | 16,404 | 1,612 | (3,590) | |
| Net gains on investments | 71,658 | 71,658 | 40,201 | ||
| Net movementinfunds | (14,792) | 88,062 | 73,270 | 36,611 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 55,713 | 1,750,934 | 1,806,647 | 1,770,036 | |
| Netmovementin funds | (14,792) | 88,062 | 73,270 | 36,611 | |
| Total funds carried forward | 40,921 | 1,838,996 | 1,879,917 | 1,806,647 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | £ | £ | |||||||
| Fixed assets | |||||||||
| Tangible assets | 11 | 17,498 | 20,420 | ||||||
| Heritage assets | 12 | 1,471,502 | 1,395,925 | ||||||
| Investments | 13 | 366,185 | 319,527 | ||||||
| 1,855,185 | 1,735,872 | ||||||||
| Current assets | |||||||||
| Debtors | 14 | 794 | 19,892 | ||||||
| Cash at bank and | in hand | 59,353 | 57,645 | ||||||
| 60,147 | 77,537 | ||||||||
| Creditors: amounts falling due within one | |||||||||
| year | 15 | (35,415) | (6,762) | ||||||
| Net current assets | 24,732 | 70,775 | |||||||
| Total assets less current liabilities | 1,879,917 | 1,806,647 | |||||||
| Net assets excluding pension asset | 1,879,917 | 1,806,647 | |||||||
| Total net assets | 1,879,917 | 1,806,647 | |||||||
| Charity funds | |||||||||
| Restricted funds | 17 | 40,921 | 55,713 | ||||||
| Unrestricted funds | 17 | 1,838,996 | 1,750,934 | ||||||
| Total funds | 1,879,917 | 1,806,647 | |||||||
| The financial |
statements | were | approved | and | authorised | for issue |
by | the |
Trustees on |
| ·2._2_ND~ | :2_D2| |
and signed on their behalfby: |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Donations | 465 | 465 |
| As_restated_ | As_restated_ |
|---|---|
| Unrestricted | Total |
| funds | funds |
| 2020 | 2020 |
| £ | £ |
| 1,818 | 1,818 |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Grants received | 61,079 | 53,431 | 114,510 |
| Membership subscriptions | 47,686 | 47,686 | |
| 61,079 | 101,117 | 162,196 |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2020 | 2020 | 2020 | |
| £ | £ | £ | |
| Grants received | 66,540 | 10,000 | 76,540 |
| Membership subscriptions | 59,602 | 59,602 | |
| 66,540 | 69,602 | 136,142 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Lectures and talks | 16 | 16 |
| Room Bookings, Social Events & Courtenay Room Takings | 662 | 662 |
| Film Club | 24 | 24 |
| Cards and booklets | 820 | 820 |
| 1,522 | 1,522 | |
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Lectures and talks | 4,481 | 4,481 |
| Room Bookings, Social Events & Courtenay Room Takings | 10,835 | 10,835 |
| Film Club | 501 | 501 |
| Cards and booklets | 77 | 77 |
| 15,894 | 15,894 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Bank interest | 7 | 7 |
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Bank interest | 3 | 3 |
| Activities | ||
|---|---|---|
| undertaken | Support | Total |
| directly | costs | funds |
| 2021 | 2021 | 2021 |
| £ | £ | £ |
| 161,138 | 1,440 | 162,578 |
| Activities | ||
|---|---|---|
| undertaken | Support | Total |
| directly | costs | funds |
| 2020 | 2020 | 2020 |
| £ | £ | £ |
| 156,067 | 1,380 | 157,447 |
| Total | ||
|---|---|---|
| Activities | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Staff costs | 52,923 | 52,923 |
| Depreciation | 4,302 | 4,302 |
| Rates and water | 2,180 | 2,180 |
| Insurance | 7,192 | 7,192 |
| Light and heat | 5,186 | 5,186 |
| ITand telephone | 4,159 | 4,159 |
| Postage and stationery | 842 | 842 |
| Advertising | 1,391 | 1,391 |
| Sundries | 2,389 | 2,389 |
| Cleaning | 6,274 | 6,274 |
| Repairs and maintenance | 4,869 | 4,869 |
| Newspapers and journals | 3,196 | 3,196 |
| Catering | 1 | 1 |
| Education programmes, conservation and sustainability | 61,267 | 61,267 |
| Trade subscription | 1,848 | 1,848 |
| Books | 721 | 721 |
| Film club expenses | 91 | 91 |
| Training | 2,307 | 2,307 |
| 161,138 | 161,138 |
| Total | ||
|---|---|---|
| Activities | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Staff costs | 52,942 | 52,942 |
| Depreciation | 5,105 | 5,105 |
| Rates and water | 2,417 | 2,417 |
| Insurance | 6,912 | 6,912 |
| Light and heat | 5,863 | 5,863 |
| ITand telephone | 2,745 | 2,745 |
| Postage and stationery | 1,604 | 1,604 |
| Advertising | 1,694 | 1,694 |
| Sundries | 1,310 | 1,310 |
| Cleaning | 3,882 | 3,882 |
| Repairs and maintenance | 8,519 | 8,519 |
| Newspapers and journals | 4,126 | 4,126 |
| Catering | 7,438 | 7,438 |
| Education programmes, conservation and sustainability | 47,081 | 47,081 |
| Trade subscription | 1,845 | 1,845 |
| Books | 723 | 723 |
| Film club expenses | 501 | 501 |
| Training | 1,041 | 1,041 |
| Legal and professional | 319 | 319 |
| 156,067 | 156,067 |
| Total | |
|---|---|
| Activities | funds |
| 2021 | 2021 |
| £ | £ |
| 1,440 | 1,440 |
| Total | |
|---|---|
| Activities | funds |
| 2020 | 2020 |
| £ | £ |
| 1,380 | 1,380 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 49,807 | 51,959 |
| Social security costs | 1,074 | |
| Contribution to defined contribution pension schemes | 2,042 | 983 |
| 52,923 | 52,942 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| 8 | 8 |
| Fixtures and | |
|---|---|
| fittings | |
| £ | |
| Cost or valuation | |
| At 1 July 2020 | 91,096 |
| Additions | 1,380 |
| At 30 June 2021 | 92,476 |
| Depreciation | |
| At1 July 2020 | 70,676 |
| Charge for the year | 4,302 |
| At30 June 2021 | 74,978 |
| Net book value | |
| At 30 June 2021 | 17,498 |
| At30June 2020 | 20,420 |
| Property at | Works of art | Rare books | ||
|---|---|---|---|---|
| valuation | at valuation | at valuation | Total | |
| 2021 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | |
| Carrying value at 1 July 2020 | 645,000 | 207,525 | 543,400 | 1,395,925 |
| Additions | 75,577 | 75,577 | ||
| 720,577 | 207,525 | 543,400 | 1,471,502 |
| 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Purchases | |||||
| Property additions at cost | 75,577 | ||||
| Total additions | 75,577 |
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Cost or valuation | ||
| At 1 July 2020 | 319,527 | |
| Disposals | (25,000) | |
| Revaluations | 71,658 | |
| At 30 June 2021 | 366,185 | |
| Net book value | ||
| At30 June 2021 | 366,185 | |
| At30June2020 | 319,527 | |
| Debtors | ||
| 2021 | 2020 | |
| £ | £ | |
| Due within one year | ||
| Trade debtors | 632 | 342 |
| Prepayments and accrued income | 162 | 19,550 |
| 794 | 19,892 | |
| Creditors: Amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Trade creditors | 32,310 | 3,663 |
| Other taxation and social security | 1,239 | 1,139 |
| Other creditors | 426 | 430 |
| Accruals and deferred income | 1,440 | 1,530 |
| 35,415 | 6,762 |
| Balance at | |||||
|---|---|---|---|---|---|
| **Balanceat1 ** | Gains/ | 30 June | |||
| July 2020 | Income | Expenditure | (Losses) | 2021 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General funds | 1,750,934 | 103,111 | (86,707) | 71,658 | 1,838,996 |
| Restricted funds | |||||
| Legacy | 13,258 | 13,258 | |||
| Heritage programme | 5,034 | 36,079 | (41,113) | ||
| Sustainability programme | 33,121 | 25,000 | (34,758) | 23,363 | |
| Digitisation program me | 4,300 | 4,300 | |||
| 55,713 | 61,079 | (75,871) | 40,921 | ||
| Total of funds | 1,806,647 | 164,190 | (162,578) | 71,658 | 1,879,917 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | Gains! | 30 June | |||
| 1 July 2019 | Income | Expenditure | (Losses) | 2020 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General funds | 1,714,958 | 87,317 | (91,542) | 40,201 | 1,750,934 |
| Restricted funds | |||||
| Legacy | 13,258 | 13,258 | |||
| Heritage programme | 8,701 | 19,550 | (23,217) | 5,034 | |
| Sustainability programme | 33,119 | 25,990 | (25,988) | 33,121 | |
| Digitisation programme | 21,000 | (16,700) | 4,300 | ||
| 55,078 | 66,540 | (65,905) | 55,713 | ||
| Total of funds | 1,770,036 | 66,540 | (157,447) | 40,201 | 1,806,647 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 30 June | |||
| July 2020 £ |
Income £ |
Expenditure £ |
(Losses) £ |
2021 £ |
|
| General funds | 1,750,934 | 103,111 | (86,707) | 71,658 | 1,838,996 |
| Restricted funds | 55,713 | 61,079 | (75,871) | 40,921 | |
| 1,806,647 | 164,190 | (162,578) | 71,658 | 1,879,917 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | Gains! | 30 June | |||
| 1 July 2019 | Income | Expenditure | (Losses) | 2020 | |
| £ | £ | £ | £ | £ | |
| General funds | 1,714,958 | 87,317 | (91,542) | 40,201 | 1,750,934 |
| Restricted funds | 55,078 | 66,540 | (65,905) | 55,713 | |
| 1,770,036 | 153,857 | (157,447) | 40,201 | 1,806,647 |
| Analysis of net assets between funds - current year | |||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 17,498 | 17,498 | |
| Fixed asset investments | 366,185 | 366,185 | |
| Heritage assets | 1,471,502 | 1,471,502 | |
| Current assets | 40,921 | 19,226 | 60,147 |
| Creditors due within one year | (35,415) | (35,415) | |
| Total | 40,921 | 1,838,996 | 1,879,917 |
| Analysis of net assets between funds - prior year | |||
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2020 | 2020 | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 20,420 | 20,420 | |
| Fixed asset investments | 319,527 | 319,527 | |
| Heritage assets | 1,395,925 | 1,395,925 | |
| Current assets | 55,713 | 21,824 | 77,537 |
| Creditors due within one year | (6,762) | {6,762) | |
| Tl | 55,713 | 1,750,934 | 1,806,647 |