||||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|