| Pages | |||
|---|---|---|---|
| Trustees' Annual Report |
2to3 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial Activities | |||
| Summary Income and Expenditure |
Account | ||
| Balance Sheet | |||
| Statement of Cash flows | |||
| Notes to the Accounts | 9to 15 | ||
| Detailed Statement of Financial Activities |
16to 17 |
| forthe year | ended 31March | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Notes | E | E | E | |||
| income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 6,000 | 12,500 | 18,500 | 46,691 | |
| Charitable | activities | 27,350 | 8,000 | 35,350 | 114,118 | |
| Other trading activities | 13,600 | |||||
| Other | 34,416 | 34,416 | 5,059 | |||
| Total | 67,766 | 20,500 | 88,266 | 179,468 | ||
| Expenditure | on: | |||||
| Raising funds | 8 | 1,036 | 1,036 | 8,790 | ||
| Charitable | activities | 9 | 15,207 | 8,000 | 23,207 | 62,167 |
| Other | 10 | 43,585 | 12,500 | 56,085 | 67,209 | |
| Total | 59,828 | 20,500 | 80,328 | 138,166 | ||
| Net gains on | investments | |||||
| Net income | 7,938 | 7,938 | 41,302 | |||
| Transfers between funds |
||||||
| Net income gains/(losses) |
before other | 7,938 | 7,938 | 41,302 | ||
| Other gains | and losses | |||||
| Net movement in funds |
7,938 | 7,938 | 41,302 | |||
| Reconciliation offunds: | ||||||
| Total funds brought forward |
49,333 | 49,333 | 8,031 | |||
| Total funds carried forward | 57,271 | 57,271 | 49,333 |
| at 31March 202 | 1 | |||
|---|---|---|---|---|
| Company No. |
08604585 | Notes | 2021 | 2020 |
| 6 | 6 | |||
| Fixed assets | ||||
| Tangible assets | 13 | 11,039 | 17,074 | |
| 11,039 | 17,074 | |||
| Current assets | ||||
| Stocks | 14 | 786 | 1,196 | |
| Debtors | 15 | 21,679 | 21,892 | |
| Cash at bank and in hand | 28,377 | 22,255 | ||
| 50,842 | 45,343 | |||
| Creditors: Amount falling due within one year | 16 | (4,610) | (13,084) | |
| Net current assets | 46,232 | 32,259 | ||
| Total assets less | current liabilities | 57,271 | 49,333 | |
| Net assets excluding pension asset or liability | 57,271 | 49,333 | ||
| Total net assets | 57,271 | 49,333 | ||
| The funds ofthe | charity | |||
| Restricted funds | 17 | |||
| Unrestricted funds |
17 | |||
| General funds | 51,271 | 49,333 | ||
| Designated funds |
6,000 | |||
| 57,271 | 49,333 | |||
| Reserves | 17 | |||
| Total funds | 57,271 | 49,333 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6 | f. | |||
| Cash flows from operating | activities | |||
| Net income per Statement | ofFinancial Activities | 7,938 | 41,303 | |
| Adjustments for: |
||||
| Depreciation of property, plant and equipment |
6,035 | 6,452 | ||
| Dividends, interest and |
rents from investments | (34,416) | (5.059) | |
| Other gains/losses | ||||
| Decrease in stocks | 410 | 144 | ||
| Decrease/(Increase) in trade and other receivables |
213 | (9,285) | ||
| Decrease in trade and other payables | (8,474) | (38,541) | ||
| Net cash used in operating | activities | (28,294) | (4,986) | |
| Cash flows from investing | activities | |||
| Dividends, interest and |
rents from investments | 34,416 | 5,059 | |
| Net cash from investing activities |
34,416 | 5,059 | ||
| Net cash from financing activities | ||||
| Net increase in cash and cash equivalents | 6,122 | 73 | ||
| Cash and cash equivalents | atthe beginning | ofthe year | 22,255 | 22,182 |
| Cash and cash equivalents | at the end ofthe | year | 28,377 | 22,255 |
| Components ofcash and cash equivalents | ||||
| Cash and bank balances | 28,377 | 22,255 | ||
| 28,377 | 22,255 |
| Fund accounting | Fund accounting | Fund accounting | Fund accounting | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | These are available for use at the discretion ofthe trustees | in furtherance | of | the | ||||
| general objects ofthe charity. | |||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular purposes. |
||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | |||||
| restatement of investment assets attheir market values. |
|||||||||
| Restricted funds | These are available for use subject to restrictions imposed |
by the donor | or through | ||||||
| terms ofan appeal. | |||||||||
| Income | |||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when the charity | ||||||
| income | becomes entitled to, and virtually certain to receive, the |
income and the | amount of | ||||||
| the income can be measured with sufficient reliability. |
|||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | |||||
| expenditure | reported gross in the SoFA. |
||||||||
| Donations | and | Voluntary income received by way ofgrants, donations |
and gifts is included | in | the | ||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | |||||||
| entitlement to the income. |
|||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the same time as the |
|||||||
| donations | and | gifts | gift/donation to which it relates. |
||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||||
| and facilities | where the benefit tothe Charity isreasonably quantifiable, |
measurable | and | ||||||
| material. | |||||||||
| Volunteer | help | The value ofany volunteer help received is not included |
in the accounts. | ||||||
| Investment | income | This is included in the accounts when receivable. |
|||||||
| Gains/(losses) | on | This includes any gain or loss resulting from revaluing investments to market |
value | ||||||
| revaluation | of | fixed | at the end ofthe year. | ||||||
| assets | |||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale ofinvestments. |
|||||||
| investment | assets |
| 3 Statement of Financial |
Activities - prior year | |||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | funds | Total funds | ||
| 2020 | 2020 | 2020 | ||
| Income and endowments | from: | |||
| Donations and legacies |
34,191 | 12,500 | 46,691 | |
| Charitable activities |
102,517 | 11,601 | 114,118 | |
| Other trading activities | 13,601 | 13,601 | ||
| Other | 5,059 | 5,059 | ||
| Total | 155,368 | 24,101 | 179,469 | |
| Expenditure on: |
||||
| Raising funds | 8,790 | 8,790 | ||
| Charitable activities |
51,430 | 10,737 | 62,167 | |
| Other | 54,442 | 12,767 | 67,209 | |
| Total | 114,662 | 23,504 | 138,166 | |
| Net income | 40,706 | 597 | 41,303 | |
| Net income before other | 40,706 | 597 | 41,303 | |
| gains/(losses) | ||||
| Other gains and losses: | ||||
| Net movement in funds |
40,706 | 597 | 41,303 | |
| Reconciliation offunds: | ||||
| Total funds brought forward | 8,031 | 8,031 | ||
| Total funds carried forward | 48,737 | 597 | 49,334 |
| Midsomer Norton Community |
Midsomer Norton Community |
Midsomer Norton Community |
Midsomer Norton Community |
Trust | ||||
|---|---|---|---|---|---|---|---|---|
| Notes tothe Accounts | ||||||||
| 4 | Income from donations | and legacies | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2021 | 2020 | |||||||
| Town Council Management | 12,500 | 12,500 | 12,500 | |||||
| Grant | ||||||||
| Orchard Trust | 8,256 | |||||||
| Donations | 45 | |||||||
| Other grants including | 6,000 | 6,000 | 25,890 | |||||
| project Boli | ||||||||
| 6,000 | 12,500 | 18,500 | 46,691 | |||||
| 5 | Income from charitable | activities | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2021 | 2020 | |||||||
| Events | 11,704 | 11,704 | 39,587 | |||||
| Cinema | 16,612 | |||||||
| youth | 8,000 | 8,000 | 11,601 | |||||
| Hall and room hire | 15,646 | 15,646 | 46,318 | |||||
| 27,350 | 8,000 | 35,350 | 114,118 | |||||
| 6 | Income from other trading | activities | ||||||
| Total | Total | |||||||
| 2021 | 2020 | |||||||
| Midsomer | Norton Town | 650 | ||||||
| Fayre Quiz | ||||||||
| Cafe Bar | 11,019 | |||||||
| Adhoc Events | 1,931 | |||||||
| 13,600 | ||||||||
| 7 | Other income | |||||||
| Unrestricted | Total | Total | ||||||
| 2021 | 2020 | |||||||
| CiRS | 13,851 | 13,851 | 5,059 | |||||
| BANES support grant | 20,565 | 20,565 | ||||||
| 34,416 | 34,416 | 5,059 |
| 8 | Expenditure | on raising | funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||||
| 2021 | 2020 | ||||||||
| Fundraising | trading costs | ||||||||
| Midsomer | Norton Town | 736 | 736 | 213 | |||||
| Fayre Quiz | |||||||||
| Cafe Bar | 203 | 203 | 7,441 | ||||||
| Adhoc Events | 97 | 97 | 1,136 | ||||||
| 1,036 | 1,036 | 8,790 | |||||||
| 9 | Expenditure | on charitable activities | |||||||
| Unrestdicted | Restricted | Total | Total | ||||||
| 2021 | 2020 | ||||||||
| E | E | ||||||||
| Expenditure | on charitable | ||||||||
| activities | |||||||||
| Events | 4,180 | 4,180 | 22,764 | ||||||
| Cinema | 869 | 869 | 14,498 | ||||||
| Youth | 8,000 | 8,000 | 10,737 | ||||||
| Hall and room hire | 10,158 | 10,158 | 14,168 | ||||||
| Governance | costs | ||||||||
| 15,207 | 8,000 | 23,207 | 62,167 | ||||||
| 10 | Other expenditure | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2021 | 2020 | ||||||||
| Employee costs | 10,358 | 12,500 | 22,858 | 22,850 | |||||
| Premises costs | 3,989 | 3,989 | 6,971 | ||||||
| Amortisation, | depreciation, | ||||||||
| impairment, | profit/loss | on | 6,035 | 6,035 | 6,452 | ||||
| disposal of | fixed assets | ||||||||
| General administrative | costs | 13,194 | 13,194 | 20,785 | |||||
| Legal and professionalcosts | 10,009 | 10,009 | 10,151 | ||||||
| 43,585 | 12,500 | 56,085 | 67,209 | ||||||
| 11 | Net income | before transfers | |||||||
| 2021 | 2020 | ||||||||
| This is stated | after charging: | E | |||||||
| Depreciation | ofowned | fixed assets | 6,035 | 6,452 | |||||
| 12 | Staff costs | ||||||||
| Salaries and | wages | 22,858 | 22,850 | ||||||
| 22,858 | 22,850 |
| 13 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Fixtures, | Cinema | ||||
| Fittings gi Equipment |
equipment | Total | |||
| Cost or revaluation | |||||
| At 1April 2020 | 3,906 | 33,119 | 37,025 | ||
| At 31March 2021 | 3,906 | 33,119 | 37,025 | ||
| Depreciation and |
|||||
| impairment | |||||
| At 1April 2020 | 3,391 | 16,560 | 19,951 | ||
| Depreciation charge for the |
515 | 5,520 | 6,035 | ||
| year | |||||
| At 31March 2021 | 3,906 | 22,080 | 25,986 | ||
| Net book values | |||||
| At 31March 2021 | 11,039 | 11,039 | |||
| At 31March 2020 | 515 | 16,559 | 17,074 | ||
| 14 | Stocks | ||||
| 2021 | 2020 | ||||
| 6 | |||||
| Finished goods | 786 | 1,196 | |||
| 786 | 1,196 | ||||
| Carrying value analysed | by activities | 2021 | 2020 | ||
| 6 | 6 | ||||
| Cafe Bar | 786 | 1,196 | |||
| 786 | 1,196 | ||||
| 15 | Debtors | ||||
| 2021 | 2020 | ||||
| 6 | |||||
| Trade debtors | 19,704 | 19,557 | |||
| Other debtors | 143 | ||||
| Prepayments and accrued income |
1,832 | 2,335 | |||
| 21,679 | 21,892 | ||||
| 16 | Creditors: | ||||
| amounts falling due within one year |
|||||
| 2021 | 2020 | ||||
| 6 | |||||
| Trade creditors | 3,402 | 10,684 | |||
| Other taxes and social | security | 8 | 1,179 | ||
| Other creditors | 106 | 127 | |||
| Accruals and deferred | income | 1,094 | 1,094 | ||
| 4,610 | 13,084 |
| s to the Ac Movement |
counts in funds |
||||
|---|---|---|---|---|---|
| Incoming | |||||
| resources | At 31 | ||||
| (including | Resources | March | |||
| other | expended | 2021 | |||
| At 1April | gains/losses | ||||
| 2020 | ) | ||||
| 6 | |||||
| Restricted funds: | |||||
| Restricted income funds: | |||||
| Community | Trust Grant | 12,500 | (12,500) | ||
| Youth Club | Grant | 8,000 | (8,000) | ||
| Total | 20,500 | (20,500) | |||
| Unrestricted | funds: | ||||
| General funds | 49,333 | 61,766 | (59,828) | 51,271 | |
| Designated | funds: | ||||
| Ward Councillors | |||||
| Empowerment Fund |
6,000 | 6,000 | |||
| Total | 6,000 | 6,000 | |||
| Revaluation | Reserves: | ||||
| Total funds | 49,333 | 88,266 | (80,328) | 57,271 |
| 18 | Analysis of | net assets between funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Total | |||||
| funds | funds | ||||
| E | |||||
| Fixed assets | 11,039 | 11,039 | |||
| Net current | assets | 34,890 | 11,342 | 46,232 | |
| 34,890 | 22,381 | 57,271 | |||
| 19 | Reconciliation ofnet debt | ||||
| At 31 | |||||
| At1April | March | ||||
| 2020 | Cash flows | 2021 | |||
| E | E | ||||
| Cash and cash equivalents | 22,255 | 6,122 | 28,377 | ||
| 22,255 | 6,122 | 28,377 | |||
| Net debt | 22,255 | 6,122 | 28,377 | ||
| 20 | Related party disclosures | ||||
| Controlling | party |
| Unrestricted | Restricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | |||||||
| 2021 | 2021 | 2021 | 2020 | |||||||
| E | E | f | E | |||||||
| Income and | endowments | from: | ||||||||
| Donations | and legacies | |||||||||
| Town Council Management | Grant | 12,500 | 12,500 | 12,500 | ||||||
| Orchard Trust | 8,256 | |||||||||
| Donations | 45 | |||||||||
| Other grants including | project Bali | 6,000 | 6,000 | 25,890 | ||||||
| 6,000 | 12,500 | 18,500 | 46,691 | |||||||
| Charitable | activities | |||||||||
| Events | 11,704 | 11,704 | 39,587 | |||||||
| Cinema | 16,612 | |||||||||
| Youth | 8,000 | 8,000 | 11,601 | |||||||
| Hall and room hire | 15,646 | 15,646 | 46,318 | |||||||
| 27,350 | 8,000 | 35,350 | 114,118 | |||||||
| Other trading activities | ||||||||||
| Midsomer | Norton Town Fayre | 650 | ||||||||
| Quiz | ||||||||||
| Cafe Bar | 11,019 | |||||||||
| Adhoc Events | 1,931 | |||||||||
| 13,600 | ||||||||||
| Other | ||||||||||
| CiRS | 13,851 | 13,851 | 5,059 | |||||||
| BANES support | grant | 20,565 | 20,565 | |||||||
| 34,416 | 34,416 | 5,059 | ||||||||
| Total income and endowments | 67,766 | 20,500 | 88,266 | 179,468 | ||||||
| Expenditure | on: | |||||||||
| Costs ofother trading | activities | |||||||||
| Midsomer | Norton Town Fayre | 736 | 736 | 213 | ||||||
| Quiz | ||||||||||
| Cafe Bar | 203 | 203 | 7,441 | |||||||
| Adhoc Events | 97 | 97 | 1,136 | |||||||
| 1,036 | 1,036 | 8,790 | ||||||||
| Total ofexpenditure | on raising | 1,036 | 1,036 | 8,790 | ||||||
| funds | ||||||||||
| Charitable | activities | |||||||||
| Events | 4,180 | 4,180 | 22,764 | |||||||
| Cinema | 869 | 869 | 14,498 | |||||||
| Youth | 8,000 | 8,000 | 10,737 | |||||||
| Hall and room | hire | 10,158 | 10,158 | 14,168 | ||||||
| 15,207 | 8,000 | 23,207 | 62,167 |
| Detailed Statement of F | inancial Activities | ||||
|---|---|---|---|---|---|
| Total ofexpenditure on |
charitable | 15,207 | 8,000 | 23,207 | 62,167 |
| activities | |||||
| Employee costs | |||||
| Salaries/wages | 10,358 | 12,500 | 22,858 | 22,850 | |
| 10,358 | 12,500 | 22,858 | 22,850 | ||
| Premises costs | |||||
| Rent | 130 | ||||
| Rates | 535 | 535 | 1,021 | ||
| Light, heat and power | 3,454 | 3,454 | 5,772 | ||
| Premises insurances | 48 | ||||
| 3,989 | 3,989 | 6,971 | |||
| General administrative | costs | ||||
| Depreciation of Fixtures, Fittings |
603 | 603 | 932 | ||
| &Equipment | |||||
| Depreciation ofCinema equipment |
5,432 | 5,432 | 5,520 | ||
| Bank charges | 214 | 214 | 290 | ||
| Equipment repairs and |
670 | 670 | 5,241 | ||
| maintenance | |||||
| General insurances | 6,874 | 6,874 | 7,415 | ||
| Postage and couriers | 139 | ||||
| Software, 1Tsupport |
and related | 2,645 | 2,645 | 4,945 | |
| costs | |||||
| Stationery and printing | 595 | 595 | 1,112 | ||
| Sundry expenses | 506 | 506 | 1,137 | ||
| Telephone, fax and broadband |
1,690 | 1,690 | 506 | ||
| 19,229 | 19,229 | 27,237 | |||
| Legal and professional | costs | ||||
| Accountancy and bookkeeping |
10,009 | 10,009 | 6,714 | ||
| Solicitor's fees | 3,437 | ||||
| 10,009 | 10,009 | 10,151 | |||
| Total ofexpenditure ofother costs |
43,585 | 12,500 | 56,085 | 67,209 | |
| Total expenditure | 59,828 | 20,500 | 80,328 | 138,166 | |
| Net gains on investments | |||||
| Net income | 7,938 | 7,938 | 41,302 | ||
| Net income before other gains/(losses) |
7,938 | 7,938 | 41,302 | ||
| Other Gains | |||||
| Net movement in funds |
7,938 | 7,938 | 41,302 | ||
| Reconciliation offunds: | |||||
| Total funds brought forward | 49,333 | 49,333 | 8,031 | ||
| Total funds carried forward | 57,271 | 57,271 | 49,333 |