## ## ||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(from**1**June2021)| ||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_| ## ## ##