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|Reference and Administrative
Details|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|---|
|Trustees' Report|||2to4|
|Statement ofTrustees'||Responsibilities||
|Independent
Examiner's||Report||
|Statement ofFinancial||Activities||
|Balance Sheet||||
|Notes to the Financial|Statements||9to21|
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|||Reference and Administrative|Reference and Administrative|Details|
|---|---|---|---|---|
|Trustees||EMBower|||
|||AJIKing|||
|||ALMills|||
|Principal Office||Little Fisherbriggs|||
|||Rosehearty|||
|||Fraserburgh|||
|||Aberdeenshire|||
|||AB43 6HH|||
|Charity Registration|Number|1175106|||
|Solicitors||Gardner Leader|||
|||White Hart House|||
|||20-24 Market Place|||
|||Newbury|||
|||Berkshire|||
|||RG145BA|||
|Bankers||The Cooperative|Bank||
|||16-17High Street|||
|||Cardiff|||
|||CF10 1AX|||
|Accountants||UHY Ross Brooke|||
|||16Dorcan Business Village|||
|||Murdock Road|||
|||Dorcan|||
|||Swindon|||
|||Wiltshire|||
|||SN3 5HY|||
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||||||Total|
|---|---|---|---|---|---|
|||||Unrestricted|2021|
||||Note|||
|Income and Endowments||from:||||
|Investment
income||||160,660|160,660|
|Other income||||51,188|51,188|
|Total income||||211,848|211,848|
|Expenditure
on:||||||
|Charitable
activities||||(61,680)|(61,680)|
|Other expenditure||||(129,696)|(129,696)|
|Total expenditure||||(191,376)|(191,376)|
|Gains/losses
on investment||assets||278,114|278,114|
|Net movement
in funds||||298,586|298,586|
|Reconciliation
offunds||||||
|I||||||
|Total funds brought|forward|||4,468,322|4,468,322|
|Total funds carried|forward||18|4,766,908|4,766,908|
|||||Unrestricted|Total|
|||||funds|2020|
||||Note|||
|Income and Endowments||from:||||
|Donations
and legacies||||4,498,210|4,498,210|
|Investment
income||||136,169|136,169|
|Other income||||9,347|9,347|
|Total income||||4,643,726|4,643,726|
|Expenditure
on:||||||
|.Charitable
activities||||(45,660)|(45,660)|
|Other expenditure||||(95,799)|(95,799)|
|Total expenditure||||(141,459)|(141,459)|
|Gains/losses
on investment||assets||(48,213)|(48,213)|
|Net income||||4,454,054|4,454,054|
|Net movement
in funds||||4,454,054|4,454,054|
|Reconciliation
offunds||||||
|Total funds brought|forward|||14,268|14,268|
|Total funds carried forward|||18|4,468,322|4,468,322|
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|||Bala|nce Sheet as at|31March 202|1||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||Note|||
|Fixed assets|||||||
|Tangible assets||||11|1,563,664|1,545,953|
|Investments||||12|3,021,614|2,775,225|
||||||4,585,278|4,321,178|
|Current assets|||||||
|Stocks||||13|43,520|35,070|
|Debtors||||14|19,451|4,420|
|Cash at bank|and in hand|||15|146,865|116,962|
||||||209,836|156,452|
|Creditors: Amounts||falling due within|one year|16|(28,206)|(9,308)|
|Net current|assets||||181,630|147,144|
|Net assets|||||4,766,908|4,468,322|
|Funds ofthe|charity:||||||
|Unrestricted|income|funds|||||
|Unrestricted|funds||||4,766,908|4,468,322|
|Total funds||||18|4,766,908|4,468,322|
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|No depreciation
is charged on Classic cars o|r Land and buildings
due to the high re|sidual
value ofthes|
|---|---|---|
|Asset class|Depreciation|method and rate|
|Plant and Machinery|25%straight|line|
|Classic cars|Nil||
|Fixtures and fittings|15%straight|line|
|Land and buildings|Nil||
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|2
Income from||donations
and legacies||||||
|---|---|---|---|---|---|---|---|
|||||Total||Total||
|||||2021||2020||
|Donations
and legacies;||||||||
|Legacies||||||4,498,210||
|||||||4,498,210||
|3
Investment|income|||||||
||||Unrestricted|||||
||||funds|Total||Total||
||||General|2021||2020||
|Income from dividends;||||||||
|Dividends
receivable &om other listed investments|||13,021|13,021||7,981||
|Income from rents|||147,437|147,437||128,118||
|Interest receivable||and similar income;||||||
|Interest receivable on bank deposits|||202||202||70|
||||160,660|160,660||136,169||
|4
Other income||||||||
||||Unrestricted|||||
||||funds|Total||Total||
||||General|2021||2020||
||||f.|||||
|Livery income|||3,080|3,080||||
|Subsidy income|||3,926|3,926||5,029||
|Sale ofmachinery||||||1,300||
|Profit/loss
on disposal ofinvestments|||42,276|42,276||3,018||
|Bank compensation|||50||50|||
|Profit on disposal||offixed assets|1,856|1,856||||
||||51,188|51,188||9,347||
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|||Activity|Activity|||
|---|---|---|---|---|---|
|||support|costs|2021|2020|
|Care for Cabbet Arab horses|||41,109|41,109|18,235|
|Legal and Professional-|governance||12,789|12,789|18,123|
|Accountancy-
governance|||7,782|7,782|5,702|
|Audit fee- governance|||||3,600|
||||61,680|61,680|45,660|
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|||||Unrestricted|||
|---|---|---|---|---|---|---|
||||||Total|Total|
|||||General|2021|2020|
|Staff costs|||||||
|Pension costs||||369|369|180|
|Wages and salaries||||20,793|20,793|13,518|
|Travel and subsistence||||1,056|1,056|782|
|Casual wages||||6,080|6,080|4,180|
|Rent and rates||||5,399|5,399|3,143|
|Light, heat and power||||2,875|2,875|1,325|
|Repairs and maintenance||||28,349|28,349|12,021|
|Telephone
and fax||||532|532|469|
|Printing,
postage and stationery||||440|440|47|
|Trade subscriptions||||266|266|170|
|Hire ofplant and machinery||(Spot|hire)|||2,960|
|Sundry expenses||||522|522|89|
|Cleaning||||33|33|129|
|Motor expenses||||3,364|3,364|2,696|
|Management
fees||||14,631|14,631|9,563|
|Bookkeeping||||2,532|2,532|1,458|
|Insurance||||10,164|10,164|5,973|
|Depreciation ofplant and machinery||||2,574|2,574|729|
|Depreciation offixtures and||fittings||15,878|15,878|8,165|
|Legal and professional
fees||||10,977|10,977|28,202|
|Stafftraining||||335|335||
|Equipment
repairs|and renewals|||2,185|2,185||
|Computer
software|and maintenance||costs|274|274||
|Depreciation ofoffice equipment||||68|68||
|||||129,696|129,696|95,799|
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|||||Unrestricted|||
|---|---|---|---|---|---|---|
|||||funds|Total|Total|
|||||General|2021|2020|
|Audit fees|||||||
|The audit ofthe charity's||annual|accounts|||3,600|
|Accountancy|fees||||||
|Accountancy|fees|||7,782|7,782|5,702|
|Legal fees||||12,789|12,789|18,123|
|||||20,571|20,571|27,425|
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|||2021|2020|
|---|---|---|---|
|Staff costs during|the year were:|||
|Wages and salaries||20,793|13,518|
|Pension costs||369|180|
|||21,162|13,698|
|2021|2020|
|---|---|
|No|No|
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|11Tangible fixed assets|||||
|---|---|---|---|---|
||Land and|Furniture
and|||
||buildings|equipment|Classic cars|Total|
|Cost|||||
|At 1April 2020|1,100,000|96,847|358,000|1,554,847|
|Additions||40,826||40,826|
|Disposals||(5,250)||(5,250)|
|At 31March 2021|1,100,000|132,423|358,000|1,590,423|
|Depreciation|||||
|At 1 April 2020||8,894||8,894|
|Charge for the year||18,521||18,521|
|Eliminated
on disposals||(656)||(656)|
|At 31March 2021||26,759||26,759|
|Net book value|||||
|At 31March 2021|1,100,000|105,664|358,000|1,563,664|
|At 31March 2020|1,100,000|87,953|358,000|1,545,953|
|12 Fixed asset investments|||||
||||2021|2020|
|Investment
properties|||2,422,155|2,143,500|
|Other investments|||599,459|631,725|
||||3,021,614|2,775,225|
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|Investment
properties||
|---|---|
||Investment|
||properties|
|Cost or Valuation||
|At 1 April 2020|2,143,500|
|Revaluation|278,655|
|At 31March 2021|2,422,155|
|Provision||
|At 31March 2021||
|Net book value||
|At 31March 2021|2,422,155|
|At 31March 2020|2,143,500|
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|Other investments|||
|---|---|---|
||Listed||
||investments|Total|
|Cost or Valuation|||
|At 1 April 2020|631,725|631,725|
|Revaluation|(541)|(541)|
|Additions|600,000|600,000|
|Disposais|(631,725)|(631,725)|
|At 31March 2021|599,459|599,459|
|Net book value|||
|At 31March 2021|599,459|599,459|
|At 31March 2020|631,725|631,725|
|13 Stock|||
||2021|2020|
|Stocks|43,520|35,070|
|14 Debtors|||
||2021|2020|
|Trade debtors|12,583||
|Prepayments|370||
|Accrued income|6,428|4,420|
|Other debtors|70||
||19,451|4,420|
|15 Cash and cash equivalents|||
||2021|2020|
|Cash at bank|146,865|116,962|
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|16 Creditors: amounts
falling due within one year|||
|---|---|---|
||2021|2020|
|Trade creditors|10,098|1,528|
|Other taxation and social security|708|108|
|Other creditors|6,412|52|
|Accruals|10,800|7,200|
|Deferred income|188|420|
||28,206|9,308|
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|18 Funds||||||
|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Balance at31|
|||April 2020|resources|expended|March 2021|
|Unrestricted|funds|||||
|General||||||
|Unrestricted|funds|4,468,322|489,962|(191,376)|4,766,908|
|||Balance at 1|Incoming|Resources|Balance at31|
|||April 2019|resources|expended|March 2020|
|Unrestricted|funds|||||
|General||||||
|Unrestricted|funds|14,268|4,643,726|(189,672)|4,468,322|
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|19 Analysis of|net assets between funds|||
|---|---|---|---|
|||Unrestricted|Total funds at|
|||funds|31March|
|||General|2021|
|Tangible fixed assets||1,563,664|1,563,664|
|Fixed asset investments||3,021,614|3,021,614|
|Current
assets||209,836|209,836|
|Current liabilities||(28,206)|(28,206)|
|Total net assets||4,766,908|4,766,908|
|||Unrestricted|Total funds at|
|||funds|31March|
|||General|2020|
|Tangible fixed assets||1,545,953|1,545,953|
|Fixed asset investments||2,775,225|2,775,225|
|Current assets||156,452|156,452|
|Current liabilities||(9,308)|(9,308)|
|Total net assets|.|4,468,322|4,468,322|
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