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





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|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<br>between||funds||||||
|Netincome<br>gains/(losses)|before|other||500|111|611|17,698|
|Other gains|and losses|||||||
|Net movement<br>in funds||||500||611|17,698|
|Reconciliation<br>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|





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|MIDSOMER NORTON <br>Balance Sheet|MIDSOMER NORTON <br>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<br>income||funds|||17,490|17,379|
||||||17,490|17,379|
|Unrestricted<br>funds||||13|||
|General funds|||||30,332|29,832|
||||||30,332|29,832|
|Reserves||||13|||
|Total funds|||||47,822|47,211|





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|expenditut|eat an estim|eat an estim|ate ofthe|value to the charity|.|||
|---|---|---|---|---|---|---|---|
|2<br>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<br>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<br>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|





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|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<br>hall transformation<br>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|





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|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|||||||





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|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<br>February|(including<br>other|Resources<br>expended|January<br>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<br>Installatio<br>Analysis ofnet assets between funds|n<br>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|





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|||||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|





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|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<br>and legacies|||||||||
|Donations<br>received||||||||1,558|
|||||||||1,558|
|Charitable<br>activities|||||||||
|Midsomer<br>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<br>on:|||||||||
|Costs of raising funds|||||||||
|Raising funds for the town<br>transformation<br>project||||hall||1,642|1,642||
|||||||1,642|1,642||
|Total of expenditure<br>funds||on|raising|||1,642|1,642||
|Charitable<br>activities|||||||||
|Midsomer<br>Norton|Town||Council|||||20|
|Town Park Path||||||1,559|1,559||
|||||||1,559|1,559|20|
|Governance<br>costs|||||||||
|Legal Fees||||||7,678|7,678|4,853|
|Accountancy<br>fees||||||630|630|600|
|||||||8,308|8,308|5,453|
|Total of expenditure<br>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<br>repairs and<br>maintenance||||||3,252|3,252||
|||||||3,493|3,493|20|





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|General<br>administrative|costs|||||
|---|---|---|---|---|---|
|including<br>depreciation||||||
|Depreciation<br>of Equipment|||999|999|1,332|
|Rank charges|||72|72|72|
|General<br>insurances|||329|329||
|Software,<br>ITsupport<br>costs|and related||1,163|1,163||
|Sundry expenses|||24|24||
|Telephone,<br>fax and broadband|||119|119||
||||2,706|2,706|1,404|
|Legal and professional|costs|||||
|Accountancy<br>and bookkeeping|||312|312|122|
||||312|312|122|
|Total ofexpenditure<br>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<br>in funds||500||611|17,698|
|Reconciliation<br>offunds:||||||
|Total funds brought<br>forward||29,832|17,379|47,211|29,513|
|Total funds carried forward||30,332|17,490|47,822|47,211|