2022-01-31-accounts

		Pages
Trustee's Annual Report
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Accounts
Detailed Statement of Financial Activities		14to 15

for the year	ended	31January	2022
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
				2022	2022	2022	2021
			Notes	E	E	E	E
Income and	endowments
from:
Donations	and legacies						1,558
Charitable	activities				25,000	25,000	25,000
Investments				500		500
Total				500	25,000	25,500	26,558
Expenditure	on:
Raising funds					1,642	1,642
Charitable	activities				9,867	9,867	5,473
Other					13,380	13,380	3,387
Total					24,889	24,889	8,860
Net gains on	investments
Net income				500		611	17,698
Transfers between		funds
Netincome gains/(losses)	before	other		500	111	611	17,698
Other gains	and losses
Net movement in funds				500		611	17,698
Reconciliation offunds:
Total funds brought		forward		29,832	17,379	47,211	29,513
Total funds carried		forward		30,332	17,490	47,822	47,211

MIDSOMER NORTON Balance Sheet	MIDSOMER NORTON Balance Sheet	TO	WN TRUST
at 31January 2022
Charity No. 1180810					2022	2021
					E
Fixed assets
Tangible assets				11	2,999	3,998
					2,999	3,998
Current assets
Cash at bank and		in hand			45,454	46,280
					45,454	46,280
Creditors: Amount	falling due within one year			12	(631)	(3,067)
Net current assets					44,823	43,213
Total assets less current			liabilities		47,822	47,211
Net assets excluding		pension asset or liability			47,822	47,211
Total net assets					47,822	47,211
The funds ofthe charity
Restricted funds				13
Restricted income		funds			17,490	17,379
					17,490	17,379
Unrestricted funds				13
General funds					30,332	29,832
					30,332	29,832
Reserves				13
Total funds					47,822	47,211

expenditut	eat an estim	eat an estim	ate ofthe	value to the charity	.
2 Statement	of Financial		Activities	- prior year
					Unrestricted	Restricted
					funds	funds	Total funds
					2021	2021	2021
Income and endowments			from:
Donations	and	legacies			1,559		1,559
Charitable	activities					25,000	25,000
Total					1,559	25,000	26,559
Expenditure on:
Charitable	activities				5,473		5,473
Other					194	3,193	3,387
Total					5,667	3,193	8,860
Net Income					(4,108)	21,807	17,699
Transfers between		funds			12,500	(12,500)
Net income before		other
gains/(losses)					8,392	9,307	17,699
Other gains and losses:
Net movement	in funds				8,392	9,307	17,699
Reconciliation	offunds:
Total funds brought		forward			(366)	29,879	29,513
Total funds carried		forward			8,026	39,186	47,212

3	Income fro	m	dona	tions	an	d legacies
								Tota I	Total
								2022	2021
								f	f
	Donations	received							1,558
									1,558
4	Income from		charitable		activities
							Restricted	Tota I	Tota I
								2022	2021
	Mldsomer	Norton		Town
	Council						25,000	25,000	25,000
							25,000	25,000	25,000
5	Income from		investments
							Unrestricted	Total	Tota I
								2022	2021
	Rent ofSamer Centre						500	500
							500	500
6	Expenditure		on raising funds
							Restricted	Total	Total
								2022	2021
	Costs ofgeneratingincome
	Raising funds for the town hall transformation project						1,642	1,642
							1,642	1,642
7	Expenditure		on charitable			activities
							Restricted	Total	Tota I
								2022	2021
	Expenditure		on charitable
	activities
	Mldsomer	Norton		Town
									20
	Council
	Town Park	Path					1,559	1,559
	Governance		costs
	Legal Fees						7,678	7,678	4,853
	Accountancy		fees				630	630	600
							9,867	9,867	5,473

8	Other expend	iture
						Restricted	Total	Total
							2022	2021
	Employee costs					6,869	6,869	1,841
	Premises costs					3,493	3,493	20
	Depreciation	offixed assets				999	999	1,332
	General administrative			costs		1,707	1,707	72
	Legal and professional			costs		312	312	122
						13,380	13,380	3,387
9	Net income before		transfers
						2022		2021
	This is stated	after	charging:			f		E
	Depreciation	of owned fixed assets				999		1,332
10	Staff costs
						2022		2021
	Salaries and	wages				6,869		1,841
						6,869		1,841
	No employee	received		emoluments	in excess off60,000.
11	Tangible fixed assets
						Land and
						buildings	Equipment	Total
	Cost or revaluation
	At1February	2021				1	5,329	5,330
	At 31January	2022				1	5,329	5,330
	Depreciation	and
	impairment
	At 1February	2021					1,332	1,332
	Depreciation	charge for the					999	999
	year
	At 31January	2022					2,331	2,331
	Net book values
	At 31January	2022				1	2,998	2,999
	At 31January	2021				1	3,997	3,998
	Net book values of assets
	held under finance		leases
	and hire purchase		contracts
	and included	above

12	Creditors:
	amounts	falling due within		one year
						2022		2021
						f		f
	Accruals					631		3,067
						631		3,067
13	Movement		In funds
						Incoming
						resources		At 31
					At 1 February	(including other	Resources expended	January 2022
					2021	gains/losses)
						f
	Restricted	funds:
	Restricted	Income funds:
	Town Trust		Office and Trust
	Secreta ry	G	rant		12,500	25,000	(23,717)	13,783
	CCTV Gra	nt			4,879		(1,172)	3,707
	Total				17,379	25,000	(24,889)	17,490
	Unrestricted		funds:
	General funds				29,832	500		30,332
	Total funds				47,211	25,500	(24,889)	47,822

CCTV Grant Installatio Analysis ofnet assets between funds	n of CCTV at the Somer Centre.
	Unrestricted	Restricted
			Total
	funds	funds
	f	f	f
Fixed assets	1	2,998	2,999
Net current assets	30,331	14,492	44,823
	30,332	17,490	47,822

				At 1		At 31
				February		January
				2021	Cash flows	2022
				f	6	f
Cash	and	cash	equivalents	46,280	(826)	45,454
				46,280	(826)	45,454
Net	debt			46,280	(826)	45,454

for the year ended	3	1Ja	nua	ry 2022
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
					2022	2022	2022	2021
					E			E
Income and endowments			from:
Donations and legacies
Donations received								1,558
								1,558
Charitable activities
Midsomer Norton	Town		Council			25,000	25,000	25,000
						25,000	25,000	25,000
Investments
Rent of Samer Centre					500		500
					500		500
Total income and endowments					500	25,000	25,500	26,558
Expenditure on:
Costs of raising funds
Raising funds for the town transformation project				hall		1,642	1,642
						1,642	1,642
Total of expenditure funds		on	raising			1,642	1,642
Charitable activities
Midsomer Norton	Town		Council					20
Town Park Path						1,559	1,559
						1,559	1,559	20
Governance costs
Legal Fees						7,678	7,678	4,853
Accountancy fees						630	630	600
						8,308	8,308	5,453
Total of expenditure activities		on	charitable			9,867	9,867	5,473
Employee costs
Salaries/wages						6,869	6,869	1,841
						6,869	6,869	1,841
Premises costs
Light, heat and power						241	241	20
Premises repairs and maintenance						3,252	3,252
						3,493	3,493	20

General administrative	costs
including depreciation
Depreciation of Equipment			999	999	1,332
Rank charges			72	72	72
General insurances			329	329
Software, ITsupport costs	and related		1,163	1,163
Sundry expenses			24	24
Telephone, fax and broadband			119	119
			2,706	2,706	1,404
Legal and professional	costs
Accountancy and bookkeeping			312	312	122
			312	312	122
Total ofexpenditure ofother costs			13,380	13,380	3,387
Total expenditure			24,889	24,889	8,860
Net gains on investments
Net income		500		611	17,698
Net income before other
gains/(losses)		500		611	17,698
Other Gains
Net movement in funds		500		611	17,698
Reconciliation offunds:
Total funds brought forward		29,832	17,379	47,211	29,513
Total funds carried forward		30,332	17,490	47,822	47,211