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||||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|
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|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|||||
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|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|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note|2|2|
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|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|
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|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|
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||||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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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