| Pages | |||
|---|---|---|---|
| Trustees' | annual report |
1to 7 | |
| Independent auditor's |
report to the members | 8to 11 | |
| Statement | of financial | activities | 12 |
| Statement | of financial | position | 13 |
| Notes to the financial | statements | 14to 22 |
| Registered | charity | name | The Barnstaple | Bridge | Trust | ||
|---|---|---|---|---|---|---|---|
| Charity registration | number | 1184834 | |||||
| Principal office | 7Bridge Chambers | ||||||
| The Strand | |||||||
| Barnstaple | |||||||
| EX31 1HB | |||||||
| Devon | |||||||
| The trustees | Mrs S Haywood | (Resigned | February 2023) | ||||
| Mrs J Hunt | (Resigned | May 2023) | |||||
| Mrs A Isaac | |||||||
| Mr P Leaver | (Resigned | October 2022) | |||||
| Mr G Lofthouse | (Resigned | April 2023) | |||||
| Mr G Townsend | |||||||
| Mr D Trueman | (Resigned | March 2023) | |||||
| Mrs G Williams | |||||||
| Mr R Knight | (Resigned | May 2023) | |||||
| Mr M Prowse | |||||||
| Mr A Rennles | |||||||
| Ms A Isaac | (Appointed | March 2023) | |||||
| Mr M Howarth-Booth | (Appointed | June 2023) | |||||
| Mr C Horrell | (Appointed | June 2023) | |||||
| Mr M Fowler | (Appointed | June 2023) | |||||
| Ms LYork | (Appointed | May 2023) | |||||
| Mr S Hattley | (Appointed | March 2023) | |||||
| Auditor | Westcotts (SW) | LLP | |||||
| Chartered Accountants |
&Statutory | Auditors | |||||
| 47 Boutport Street | |||||||
| Barnstaple | |||||||
| Devon | |||||||
| EX31 1$Q | |||||||
| Bankers | CAF Bank | ||||||
| 25 Kings Hill Avenue |
|||||||
| Kings Hill |
|||||||
| West Mailing | |||||||
| ME194JQ |
| Year ended 31 | Dece | mber | 2022 | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | 2 | 2 | |||||
| Income and endowments | |||||||
| Donations and legacies |
4 | 600 | 200 | 800 | 29,916 | ||
| Other trading activities |
5 | 227,948 | 227,948 | 247,730 | |||
| Investment income |
6 | 6,972 | 6,972 | 6,038 | |||
| Total income | 235,520 | 200 | 235,720 | 283,684 | |||
| Expenditure | |||||||
| Expenditure on |
|||||||
| charitable activities |
7,8 | 311,242 | 6,404 | 317,646 | 289,777 | ||
| Total expenditure | 311,242 | 6,404 | 317,646 | 289,777 | |||
| Net (losses)/gains investments |
on | 11 | (801) | (27,181) | (27,982) | 30,358 | |
| Net (expenditure)/income | (76,523) | (6,204) | (27,181) | (109,908) | 24,265 | ||
| Other recognised | gains | and | |||||
| losses | |||||||
| Other gains/(losses) | (551,000) | (551,000) | |||||
| Net movement in |
funds | (76,523) | (6,204) | (578,181) | (660,908) | 24,265 | |
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 293,602 | 27,585 | 4,233,755 | 4,554,942 | 4,530,677 | |
| Total funds carried forward | 217,079 | 21,381 | 3,655,574 | 3,894,034 | 4,554,942 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 2 | 2 | ||||
| ' | ||||||
| Fixed assets | ||||||
| Tangible fixed assets Investments |
14 15 |
3,449,000 214,672 |
4,000,000 242,654 |
|||
| 3,663,672 | 4,242,654 | |||||
| Current assets | ||||||
| Debtors | 16 | 37,077 | 30,822 | |||
| Cash at bank | and | in | hand | 297,035 | 326,731 | |
| 334,112 | 357,553 | |||||
| Creditors: amounts | falling due within one year | 17 | 103,750 | 45,265 | ||
| Net current | assets | 230,362 | 312,288 | |||
| Total assets | less | current liabilities | 3,894,034 | 4,554,942 | ||
| Net assets | 3,894,034 | 4,554,942 | ||||
| Funds ofthe charity Endowment funds |
3,655,574 | 4,233,755 | ||||
| Restricted funds |
21,381 | 27,585 | ||||
| Unrestricted | funds | 217,079 | 293,602 | |||
| Total charity | funds | 21 | 3,894,034 | 4,554,942 |
| Donations | and le | gacies | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | ||||
| Funds | Funds | 2022 | |||||
| 2 | 2 | ||||||
| Donations | |||||||
| Samaritan | Grants | 600 | 200 | 800 | |||
| Grants | |||||||
| Government | grant | income | |||||
| 600 | 200 | 800 | |||||
| Unrestricted | Restricted | Total | Funds | ||||
| Funds | Funds | 2021 | |||||
| 2 | |||||||
| Donations | |||||||
| Samaritan | Grants | 27,585 | 27,585 | ||||
| Grants | |||||||
| Government | grant | income | 2,331 | 2,331 | |||
| 2,331 | 27,585 | 29,916 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |||
| 2 | 2 | |||||
| Rents Receivable | 226,264 | 226,264 | 243,864 | 243,864 | ||
| Charges recoverable | 1,684 | 1,684 | 3,866 | 3,866 | ||
| 227,948 | 227,948 | 247,730 | 247,730 | |||
| 6. | Investment | income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| 6 | 2 | |||||
| COIF Income and Dividends | 6,972 | 6,972 | 6,038 | 6,038 |
| Expenditu | re on charitable activities |
by fund type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| 2 | 2 | 2 | ||
| Charitable | activities | 244,758 | 6,404 | 251,162 |
| Support costs | 66,484 | 66,484 | ||
| 311,242 | 6,404 | 317,646 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Charitable | activities | 231,837 | 231,837 | |
| Support costs | 57,940 | 57,940 | ||
| 289,777 | 289,777 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | ||||
| directly | of activities Support costs | 2022 | 2021 | ||||
| 2 | 2 | 2 | |||||
| Charitable activities |
243,008 | 8,154 | 66,484 | 317,646 | 289,777 | ||
| 9. | Analysis of support | costs | |||||
| Total 2022 | Total 2021 | ||||||
| 2 | 2 | ||||||
| Staff costs | 47,358 | 40,717 | |||||
| Communications | and IT | 3,595 | 1,098 | ||||
| Finance costs | 110 | 113 | |||||
| Payroll | 600 | 936 | |||||
| Audit | 3,000 | 2,820 | |||||
| Postage, telephone General Costs |
and stationery | 2,398 5,937 |
1,832 3,941 |
||||
| Insurance (Office) |
103 | 310 | |||||
| Insurance (Trustees) |
1,983 | 2,129 | |||||
| Legal Fees (non | property) | 4,044 | |||||
| Recruitment fees |
1,400 | ||||||
| 66,484 | 57,940 | ||||||
| 10. | Analysis ofgrants | ||||||
| 2022 | 2021 | ||||||
| 2 | 2 | ||||||
| Grants to individuals | |||||||
| Grants to individuals | 8,154 | 5,391 | |||||
| Total grants | 8,154 | 5,391 |
| Net (losses)/g | ains | on | investments | |||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| Gains/(losses) | on | listed | investments | (801) | (27,181) | (27,982) |
| Unrestricted | Endowment | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| 2 | ||||||
| Gains/(losses) | on | listed | investments | 1,318 | 29,040 | 30,358 |
| Staff costs | |||||
|---|---|---|---|---|---|
| The total staff costs | and employee benefits for |
the reporting | period are analysed as follows: 2022 2021 |
||
| Wages and salaries Employer contributions to pension plans |
55,660 166 |
49,469 75 |
|||
| 55,826 | 49,544 | ||||
| The average head |
count of employees | during | the year was 6 (2021:6). The average | number of |
|
| full-time equivalent |
employees during the year |
is analysed as follows: 2022 |
2021 | ||
| No. | No. | ||||
| Administration, accountant and payment |
ofgrants | 1 | 1 |
| Tangible fixed assets | |
|---|---|
| Freehold | |
| property | |
| 2 | |
| Cost | |
| At 1 January 2022 | 4,000,000 |
| Revaluations | (551,000) |
| At 31 December 2022 | 3,449,000 |
| Depreciation | |
| At 1 January 2022 and 31 December 2022 | |
| Carrying amount |
|
| At 31 December 2022 | 3,449,000 |
| At 31 December 2021 | 4,000,000 |
| Investments | |
| Listed | |
| investments | |
| 9 | |
| Cost or valuation | |
| At 1 January 2022 | 242,654 |
| Additions | |
| Fair value movements | (27,982) |
| At 31 December 2022 | 214,672 |
| Impairment At 1 January 2022 and 31 December 2022 |
|
| Carrying amount At 31 December 2022 |
214,672 |
| At 31 December 2021 | 242,654 |
| 16. | Debtors | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 2 | |||||
| Trade debtors | 27,763 | 26,397 | |||
| Prepayments and Other debtors |
accrued income | 8,974 340 |
3,733 692 |
||
| 37,077 | 30,822 | ||||
| 17. | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| 2 | 6 | ||||
| Trade creditors | 65,348 | 26,222 | |||
| Accruals and deferred | income | 37,949 | 17,194 | ||
| Other creditors | 453 | 1,849 | |||
| 103,750 | 45,265 | ||||
| 18. | Deferred income | ||||
| 2022 | 2021 | ||||
| At 1 January 2022 | 8,140 | 13,000 | |||
| Amount released |
to income | (8,140) | (13,000) | ||
| Amount deferred |
in year | 15,539 | 8,140 | ||
| At 31 December | 2022 | 15,539 | 8,140 |
| The amounts | recognised in the financi |
al statements for governme |
nt grants are as follo |
ws: |
|---|---|---|---|---|
| 2022 | 2021 | |||
| 2 | 6 | |||
| Recognised Government |
in income from donations grants income |
and legacies: | 2,331 |
| Yea | r ended 31 Decemb | r ended 31 Decemb | r ended 31 Decemb | er 2D22 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 21. | Analysis of charitable | funds | |||||||
| Unrestricted | funds | ||||||||
| At | Gains and | At 31 | |||||||
| 1 Jan 2022 | Income | Expenditure | Transfers | losses | Dec 2022 | ||||
| 2 | 2 | 6 | 2 | ||||||
| General | funds | 268,487 | 235,520 | (294,136) | (168,000) | (801) | 41,070 | ||
| Repairs and Renovation Fund |
25,115 | (17,106) | 8,009 | ||||||
| Capital | Match | ||||||||
| Funding Council |
—Arts England |
150,000 | 150,000 | ||||||
| Capital | Ringfence | ||||||||
| —Arts Council | |||||||||
| England | 18,000 | 18,000 | |||||||
| 293,602 | 235,520 | (311,242) | (801) | 217,079 | |||||
| At | Gains and | At 31 | |||||||
| 1 Jan 2021 | Income | Expenditure | Transfers | losses | Dec 2021 | ||||
| 2 | 2 | 2 | |||||||
| General | funds | 325,585 | 256,099 | (224,515) | (90,000) | 1,318 | 268,487 | ||
| Repairs and Renovation Fund |
(65,262) | 90,377 | 25,115 | ||||||
| Capital | Match | ||||||||
| Funding | —Arts | ||||||||
| Council | England | ||||||||
| Capital | Ringfence | ||||||||
| —Arts Council | |||||||||
| England | |||||||||
| 325,585 | 256,099 | (289,777) | 377 | 1,318 | 293,602 |
| Restricted | funds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | At 31 | ||||||
| 1 | Jan 2022 | Income | Expenditure | Transfers | losses | Dec 2022 | ||
| 2 | 2 | 2 | 2 | |||||
| Samaritans | Grant | 27,585 | 200 | (6,404) | 21,381 | |||
| At | Gains and | At 31 | ||||||
| 1 | Jan 2021 | Income | Expenditure | Transfers | losses | Dec 2021 | ||
| 2 | 2 | 2 | ||||||
| Samaritans | Grant | 377 | 27,585 | (377) | 27,585 |
| Endowment | funds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | At 31 | ||||||
| 1 | Jan 2022 | Income | Expenditure | Transfers | losses | Dec 2022 | ||
| 2 | 2 | |||||||
| Endowment | Fund | 233,755 | (27,181) | 206,574 | ||||
| Capital Endowment |
Fund | 4,000,000 | (551,000) | 3,449,000 | ||||
| 4,233,755 | (578,181) | 4,655,574 | ||||||
| At | Gains and | At 31 | ||||||
| 1 | Jan 2021 | Income | Expenditure | Transfers | losses | Dec 2021 | ||
| Endowment | Fund | 204,715 | 29,040 | 233,755 | ||||
| Capital Endowment |
Fund | 4,000,000 | 4,000,000 | |||||
| 4,204,715 | 29,040 | 4,233,755 |
| Analysis of net as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| 2 | 2 | ||||
| Tangible fixed assets | 3,449,000 | 3,449,000 | |||
| Investments | 8,098 | 206,574 | 214,672 | ||
| Current assets | 312,731 | 21,381 | 334,112 | ||
| Creditors less than | 1 year | (103,750) | (103,750) | ||
| Net assets | 217,079 | 21,381 | 3,655,574 | 3,894,034 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| 2 | 2 | ||||
| Tangible fixed assets Investments |
8,899 | 4,000,000 233,755 |
4,000,000 242,654 |
||
| Current assets | 329,968 | 27,585 | 357,553 | ||
| Creditors less than | 1 year | (45,265) | (45,265) | ||
| Net assets | 293,602 | 27,585 | 4,233,755 | 4,554,942 |