|||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|