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2022-03-31-accounts

Pages
Trustees'
Annual
Report		 1to3
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Statement
ofCash flows
Notes tothe Accounts 8to 16
Detailed Statement
of Financial Activities		 17to 18

for the year ended 31March 2022
Unrestricted Resuicted
funds funds Total funds Total funds
2022 2022 2022 2021
Notes E E E E
Income and endowments
from:
Donations and legacies 2,791 42,844 45,635 18,501
Charitable activities 64,308 8,000 72,308 35,349
Other trading activities 2,881 2,881
Other 14,616 14,616 34,416
Total 84,596 50,844 135,440 88,266
Expenditure on:
Raising funds 8 5,106 5,106 1,036
Charitable activities 9 23,847 25,974 49,821 23,207
Other 10 50,486 12,500 62,986 56,085
Total 79,439 38,474 117,913 80,328
Net gains on investments
Net income 5,157 12,370 17,527 7,938
Transfers
between funds
Net income before other 5,157 12,370 17,527 7,938
gains/(losses)
Other gains and losses
Net movement
in funds		 5,157 12,370 17,527 7,938
Reconciliation
offunds:
Total funds brought forward 57,271 57,271 49,333
Total funds carried forward 62,428 12,370 74,798 57,271

Balance Sheet Balance Sheet
at 31March 2022
Company
No.		 08604585 Notes 2022 2021
6 6
Fixed assets
Tangible assets 13 14,002 11,039
14,002 11,039
Current assets
Stocks 14 871 786
Debtors 15 26,021 21,679
Cash at bank and in hand 43,104 28,377
69,996 50,842
Creditors: Amount falling due within one year 16 (9,200) (4,610)
Net current assets 60,796 46,232
Total assets less current liabilities 74,798 57,271
Net assets excluding pension asset or liability 74,798 57,271
Total net assets 74,798 57,271
The funds ofthe charity
Restricted funds 17
Restricted income funds 12,370
12,370
Unrestricted
funds		 17
Genera(funds 62,428 57,271
62,428 57,271
Reserves 17
Total funds 74,798 57,271
2022 2021
6 6
Cash flows from operating
activities
Net income per Statement ofFinancial Activities 17,527 7,938
Ad) ustments for:
Depreciation of property,
plant and equipment		 9,650 6,035
Dividends,
interest
and rents from investments		 (14,616) (34,416)
(Increase)/Decrease
in stocks		 (85) 410
(Increase)/Decrease
in trade and other		 receivables (4,342) 213
Increase/(Decrease)
in trade and other		 payables 4,592 (8,474)
Net cash provided
by/(used
in) operating		 activities 12,726 (28,294)
Cash flows from investing
activities
Payments
for property,
plant and equipment		 (12,613)
Dividends,
interest
and rents from investments		 14,616 34,416
Net cash from investing
activities		 2,003 34,416
Net cash from financing activities
Net increase in cash and cash equivalents 14,729 6,122
Cash and cash equivalents
atthe beginning ofthe year		 28,377 22,255
Cash and cash equivalents
at the end ofthe year		 43,106 28,377
Components
ofcash and cash equivalents
Cash and bank balances 43,104 28,377
43,104 28,377

last year and no chan last year and no chan last year and no chan last year and no chan ges have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion ofthe trustees
in furtherance		 of the
general objects of the 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 at their 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
income charity becomes entitled to, and virtually
certain to receive, the income		 and the
amount ofthe 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 is reasonably
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
revaluation of fixed value atthe end ofthe year.
assets
Gains/(losses) on This includes
any gain or loss on the sale ofinvestments.
investment assets

3 Statement ofFinancial Activities - prior year
Unrestricted Restricted
funds funds Total funds
2021 2021 2021
Income and endowments from:
Donations
and legacies		 6,000 12,500 18,500
Charitable
activities		 27,350 8,000 35,350
Other 34,416 34,416
Total 67,766 20,500 88,266
Expenditure
on:
Raising funds 1,036 1,036
Charitable
activities		 15,207 8,000 23,207
Other 43,585 12,500 56,085
Total 59,828 20,500 80,328
Net income 7,938 7,938
Net income Before other
gains/(losses)		 7,938 7,938
Other gains and losses:
Net movement
in funds		 7,938 7,938
Reconciliation offunds:
Total funds brought forward 49,333 49,333
Total funds carried forward 57,271 57,271
4 Income from donations and legacies
Unrestdcted Restricted Total Total
2022 2021
Town Council Management
Grant		 12,500 12,500 12,501
Donations 2,791 2,791
Other grants
including
culture		 HAZ 30,344 30,344 6,000
2,791 42,844 45,635 18,501

Unrestricted Restricted Total Total
2022 2021
Events 15,075 15,075 11,703
Cinema 3,837 3,837
Youth 8,000 8,000 8,000
Hall and room hire 45,396 45,396 15,646
64,308 8,000 72,308 35,349
6 Income from other trading activities
Unrestricted Total Total
2022 2021
Cafe Bar 2,881 2,881
2,881 2,881
7 Other income
Unrestricted Total Total
2022 2021
E
CJRS 3,866 3,866 13,851
BANES support grant 10,750 10,750 20,565
14,616 14,616 34,416
8 Expenditure on raising funds
Unrestricted Total Total
2022 2021
Fundraising trading costs
Midsomer Norton Town 516 516 736
Fayre Quiz
Cafe Bar 2,314 2,314 203
Adhoc Events 2,276 2,276 97
5,106 5,106 1,036

9 Expenditure on charita ble
activities
Unrestricted Restricted Total Total
2022 2021
E E
Expenditure on charitable
activities
Events 5,031 17,974 23,005 4,180
Cinema 4,831 4,831 869
Youth 8,000 8,000 8,000
Hall and room hire 13,985 13,985 10,158
Governance costs
23,847 25,974 49,821 23,207
10 Other expenditure
Unrestdcted Restricted Total Total
2022 2021
Employee costs 11,748 12,500 24,248 22,858
Motor and travel costs
Premises costs 4,869 4,869 3,989
Amortisation, depreciation,
impairment, profit/loss on 9,650 9,650 6,035
disposal offixed assets
General administrative costs 15,114 15,114 13,194
Legal and professional costs 9,098 9,098 10,009
50,486 12,500 62,986 56,085
11 Net income before transfers
2022 2021
This is stated after charging: E E
Depreciation ofowned fixed assets 9,650 6,035
12 Staff costs
2022 2021
Salaries and wages 24,248 22,858
24,248 22,858

13 Tangible fixed assets
Fixtures, Cinema
Fittings
Bc
Equipment		 equipment Total
6
Cost or revaluation
At 1April 2021 3,906 33,119 37,025
Additions 12,613 12,613
At 31March 2022 16,519 33,119 49,638
Depreciation and
impairment
At 1Apri! 2021 3,906 22,080 25,986
Depreciation charge for the 4,130 5,520 9,650
year
At 31March 2022 8,036 27,600 35,636
Net book values
At 31March 2022 8,483 5,519 14,002
At 31March 2021 11,039 11,039
14 Stocks
2022 2021
6 E
Finished goods 871 786
871 786
Carrying value analysed by activities 2022 2021
E 6
Events 871 786
871 786
15 Debtors
2022 2021
6 E
Trade debtors 24,948 19,704
Other debtors 143 143
Prepayments and accrued income 930 1,832
26,021 21,679
16 Creditors:
amounts
falling due within one year
2022 2021
E
Trade creditors 8,100 3,402
Other taxes and social security 8 8
Other creditors 106
Accruals L092 1,094
9,200 4,610

Incoming
resources At31
Resources
At 1April (including
other		 expended March
2022
2021 gains/losses)
f
Restricted funds:
Restricted income funds:
Community Trust Grant 12,500 (12,500)
Youth Club Grant 8,000 (8,000)
HAZ Culture 25,006 (15,216) 9,790
B&NES Make space 5,338 (2,758) 2,580
Total 50,844 (38,474) 12,370
Unrestricted funds:
Generalfunds 57,271 84,596 (79,439) 62,428
Total funds 57,271 135,440 (117,913) 74,798

HAZ Culture
B&NES Make space
Historic
Grant to
Analysis ofnet assets between
funds		 England
Heritage
Action Zone
improve spaces
Unrestricted Restdicted
Total
funds funds
f f f
Fixed assets 8,483 5,519 14,002
Net current assets 53,945 6,851 60,796
62,428 12,370 74,798

At 31
At 1April March
2021 Cash flows 2022
6 6 6
Cash and cash equivalents 28,377 14,727 43,104
28,377 14,727 43,104
Net debt 28,377 14,727 43,104

Unrestricted Restricted
funds funds Total funds Total funds
2022 2022 2022 2021
E E E E
Income and endowments from:
Donations and legacies
Town Council Management Grant 12,500 12,500 12,501
Donations 2,791 2,791
Other grants including HAZ culture 30,344 30,344 6,000
2,791 42,844 45,635 18,501
Charitable activities
Events 15,075 15,075 11,703
Cinema 3,837 3,837
Youth 8,000 8,000 8,000
Hall and room hire 45,396 45,396 15,646
64,308 8,000 72,308 35,349
Other trading activities
Cafe Bar 2,881 2,881
2,881 2,881
Other
CIRS 3,866 3,866 13,851
BANES support grant 10,750 10,750 20,565
14,616 14,616 34,416
Total income and endowments 84,596 50,844 135,440 88,266
Expenditure
on:
Costs ofother trading activities
Midsomer Norton Town Fayre 516 516 736
Quiz
Cafe Bar 2,314 2,314 203
Adhoc Events 2,276 2,276 97
5,106 5,106 1,036
Total ofexpenditure on raising 5,106 5,106 1,036
funds
Charitable activities
Events 5,031 17,974 23,005 4,180
Cinema 4,831 4,831 869
Youth 8,000 8,000 8,000
Hall and room hire 13,985 13,985 10,158
23,847 25,974 49,821 23,207
Total ofexpenditure
activities		 on charitable 23,847 25,974 49,821 23,207
Employee costs
Salaries/wages 11,748 12,500 24,248 22,858

Midsomer
Norton Community
Trust		 Midsomer
Norton Community
Trust
Detailed Statement of Financial Activities
11,748 12,500 24,248 22,858
Motor and travel costs
Travel and subsistence
Premises costs
Rates 458 458 535
Light, heat and power 4,411 4,411 3,454
4,869 4,869 3,989
General administrative costs,
including
depreciation		 and
amortisation
Depreciation
of Fixtures, Fittings		 4,130 4,130 603
Ik Equipment
Depreciation
ofCinema		 5,520 5,520 5,432
equipment
Bad debts 1,155 1,155
Bank charges 404 404 214
Equipment
repairs and		 2,199 2,199 670
maintenance
General insurances 5,179 5,179 6,874
Software,
ITsupport		 and related 2,267 2,267 2,645
costs
Stationery
and printing		 1,868 1,868 595
Sundry expenses 632 632 506
Telephone,
fax and broadband		 1,410 1,410 1,690
24,764 24,764 19,229
Legal and professional costs
Accountancy
and bookkeeping		 9,098 9,098 10,009
9,098 9,098 10,009
Total ofexpenditure
ofother costs		 50,486 12,500 62,986 56,085
Total expenditure 79,439 38,474 117,913 80,328
Net gains on investments
Net income 5,157 12,370 17,527 7,938
Net income before other 5,157 12,370 17,527 7,938
gains/(losses)
Other Gains
Net movement
in funds		 5,157 12,370 17,527 7,938
Reconciliation
offunds:
Total funds brought forward 57,271 57,271 49,333
Total funds carried forward 62,428 12,370 74,798 57,271