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|---|---|---|
|Report ofthe Trustees|1 to|8|
|Report ofthe Independent
Auditors|9 to|11|
|Statement of Financial Activities|12||
|Balance Sheet|13||
|Cash Flow Statement|14||
|Notes tothe Cash Flow Statement|15||
|Notes tothe Financial Statements|16 to|27|
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|Trustees||||||||
|---|---|---|---|---|---|---|---|
|R D Wood|||—appointed||23 October|2018||
|M Aitchison|||-appointed||5 November|2019||
|J Baker|||- appointed||5 November|2019||
|5 Brook-Shanahan|||- appointed||5 November|2019||
|A Grey|||-appointed||9December|2019||
|Dr A R Leake|||-appointed||5 November|2019||
|R C Mayo|||-appointed||5 November|2019||
|R H Miles|||-appointed||5 November|2019||
|A Nelson|||—appointed||23 October|2018|- resigned 30 March 2020|
|Chief Executive Officer||||||||
|KTighe||||||||
|Senior Statutory|||Auditor|||||
|Peter Smith|ACA|||||||
|Auditors||||||||
|J W Hinks
LLP||||||||
|Chartered
Accountants||||||||
|and Statutory||Auditors||||||
|19Highfield||Road||||||
|Edgbaston||||||||
|Birmingham||||||||
|8153BH||||||||
|Solicitors||||||||
|Knights pic||||||||
|Lancaster House||||||||
|67 Newhall|Street|||||||
|Birmingham||||||||
|83 1NQ||||||||
|Bankers||||||||
|HSBC Bank pic||||||||
|Mid Lincolnshire|||and the Fens Commercial|Centre||||
|Unex House||||||||
|Bourges Boulevard||||||||
|Peterborough||||||||
|PE11NG||||||||
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|||||||Period|
|---|---|---|---|---|---|---|
|||||||23.10.18|
||||||Year Ended|to|
||||||31.12.20|31.12.19|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|f|f|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations
and legacies|||||3,863,835||
|Otherincome|||||||
|HMRC —Coronavirus|job retention||scheme||6,596||
|Investment
income|||||17,070||
|Total|||||3,887,501||
|EXPENDITURE ON|||||||
|Charitable
activities|||||(252,517)||
|NET INCOME|||||3,634,984||
|RECONCILIATION
OF|FUNDS||||||
|Total funds brought|forward||||||
|TOTAL FUNDS CARRIED FORWARD|||||3,634,984||
##
||||2020|2019|
|---|---|---|---|---|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|f|f|
|FIXEDASSETS|||||
|Tangible assets||11|1,476,022||
|Investments||12|4,136||
||||1,480,158||
|CURRENT ASSETS|||||
|Debtors||13|14,379||
|Cash at bank|and in hand||2,161,571||
||||2,175,950||
|CREDITORS|||||
|Amounts
falling due within one year||14|(21,124)||
|NET CURRENT ASSETS|||2,154,826||
|TOTAL ASSETS LESSCURRENT LIABILITIES|||3,634,984||
|NET ASSETS|||3,634,984||
|FUNDS||15|||
|Unrestricted|funds||3,634,984||
|TOTAL FUNDS|||3,634,334||
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||||||Period|
|---|---|---|---|---|---|
||||||23.10.18|
|||||Year Ended|to|
|||||31.12.20|31.12.19|
||||Notes|f|f|
|Cash flows from operating|activities|||||
|Cash generated
from operations||||3,6S9,642||
|Net cash provided
by operating
activities||||3,659,642||
|Cash flows from investing|activities|||||
|Purchase oftangible fixed|assets|||(1,493,981)||
|Purchase offixed asset investments||||(4,136)||
|Interest received||||46||
|Net cash (used in)/provided|by investing||activities|(1,498,071)||
|Change
in cash and cash equivalents||in the||||
|reporting
period||||2,161,571||
|Cash and cash equivalents|at the beginning|||||
|ofthe reporting
period||||||
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||1,161,671||
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|RECONCI|LIA|TION
|OF NET INC|OME TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|
|||||||Period|
|||||||23.10.18|
||||||Year Ended|to|
||||||31.12.20|31.12.19|
||||||E|E|
|Net income||for the|reporting|period (as per the Statement of Financial|||
|Activities)|||||3,634,984||
|Adjustments||for:|||||
|Depreciation||charges|||17,959||
|Interest|received||||(46)||
|Increase|in debtors||||(145379j||
|Increase|in creditors||||21,124||
|Net cash|provided||by operations||3,659,642||
##
||At 1.1.20|Cash flow|At 31.12.20|
|---|---|---|---|
||E|E|E|
|Net cash||||
|Cash at bank and in hand||2,161,571|2,161,571|
|||2,161,571|2,161,571|
|Total||2,151,521|2,151,511|
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|||||||Period|
|---|---|---|---|---|---|---|
|||||||23.10.18|
||||||Year Ended|to|
||||||31.12.20|31.12.19|
||||||f|f|
|Donations|||||16,539||
|Grants receivable|||||10,000||
|Subscriptions|||||8,288||
|Miscellaneous||income|||150||
|Exceptional|items||—see below||3,828,858||
||||||3,863,833||
|Grants receivable|||||||
|Grants received,|||included|in the above, are as follows.|||
|||||||Period|
|||||||23.10.18|
||||||Year Ended|to|
||||||31.12.20|31.12.19|
||||||E|f|
|Rutland
County||Council:|||||
|Covid-19 revenue|||grant||10,000||
||||||18,868||
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|INVEST|M|E|NT INCOME||||
|---|---|---|---|---|---|---|
|||||||Period|
|||||||23.10.18|
||||||Year Ended|to|
||||||31.12.20|31.12.19|
||||||f|f|
|Rents received|||||17,024||
|Deposit|account interest||||46||
||||||17,070||
|CHARITABLE ACTIVITIES COSTS|||||||
|||||Direct|Support||
|||||Costs (see|costs (see||
|||||note 6)
E|note 7)
f|Totals
f|
|Charitable|||activities|200,800|51,717|252,517|
|DIRECT|COSTS OF CHARITABLE ACTIVITIES||||||
|||||||Period|
|||||||23.10.18|
||||||Year Ended|to|
||||||31.12.20|31.12.19|
||||||f|f|
|Staff costs|||||70,577||
|Annual|show expenses||||12,830||
|Insurance|||||4,892||
|Light and||heat|||4,966||
|Telephone|||||5,224||
|Advertising|||and promotion||3,298||
|Postage|and stationery||||1,976||
|Sundries|||||1,380||
|Rates|||||584||
|Facilities||management|||23,333||
|Grounds||maintenance|||53,241||
|Equipment|||hire||540||
|Depreciation|||||17,959||
||||||200,800||
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||||||||Period|
|---|---|---|---|---|---|---|---|
||||||||23.10.18|
|||||||Year Ended|to|
|||||||31.12.20|31.12.19|
|||||||E|E|
|Bank interest||and charges||||2,169||
|Subscriptions||||||344||
|Motor and travel expenses||||||691||
|Early settlement|||discount|||10,000||
|Bookkeeping||and accountancy|||fees|19,456||
|Legal and|professional|||fees||4,178||
|||||||36,838||
|GOVERNANCE|||COSTS|||||
||||||||Period|
||||||||23.10.18|
|||||||Year Ended|to|
|||||||31.12.20|31.12.19|
|||||||E|E|
|Auditors'|remuneration|||||5,750||
|Legal and|professional|||fees||6,159||
|Trustees'|expenses|||||2,970||
|||||||14,879||
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||||||Period|
|---|---|---|---|---|---|
||||||23.10.18|
|||||Year Ended|to|
|||||31.12.20|31.12.19|
|||||E|E|
|Auditors'|remuneration|||5,750||
|Depreciation||—owned|assets|17,959||
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|STAFF|COSTS|||
|---|---|---|---|
||||Period|
||||23.10.18|
|||Year Ended|to|
|||31.12.20|31.12.19|
|||E|E|
|Wages|and salaries|66,210||
|Other|pension costs|4,367||
|||70,577||
||||||Period|
|---|---|---|---|---|---|
||||||23.10.18|
|||||Year Ended|to|
|||||31.12.20|31.12.19|
|Management|and|administrative|staff|3||
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|TANGIBLE FIXED ASSETS||||||
|---|---|---|---|---|---|
|||Buildings||||
||Freehold|and|Plant and|Computer||
||land|facilities|machinery|equipment|Totals|
||E|E|E|E|E|
|COST||||||
|Additions|706,250|701,580|80,175|5,976|1,493,981|
|DEPRECIATION||||||
|Charge for year||6,945|9,468|1,546|17,959|
|NET BOOK VALUE||||||
|At 31December 2020|706,26D|604,676|7D,707|4,430|1,476,022|
|At 31December 2019||||||
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|FIXEDASSE|T INVEST|MENTS|||
|---|---|---|---|---|
||||2020|2019|
||||E|E|
|Investment|in trading|subsidiary|100||
|Cups and trophies|||4,036||
||||4,136||
##
|||||Shares in|
|---|---|---|---|---|
|||||group|
|||||undertakings|
|||||E|
|MARKET VALUE|||||
|Additions||||100|
|NET BOOK|VALUE||||
|At 31December 2020||||100|
|At 31December 2019|||||
|There were|no investment|assets outside the UK.|||
|Investments|(neither listed|nor unlisted) were as follows:|||
||||2020|2019|
||||E|E|
|Cups and trophies|||4,036||
|13.|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||||||f|f|
||Trade debtors|||||||4,416||
||Amounts
owed||by group||undertakings|||37||
||Other debtors|||||||4,368||
||Prepayments|and accrued income||||||5,558||
|||||||||14,379||
|14.|CREDITORS: AMOUNTS||||FALLING|DUE WITHIN ONE YEAR||||
|||||||||2020|2019|
|||||||||f|f|
||Trade creditors|||||||5,809||
||Social security|and other|||taxes|||958||
||Accruals and|deferred||income||||14,357||
|||||||||21,124||
|15.|MOVEMENT|IN FUNDS||||||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.1.20|in funds|31.12.20|
||||||||f|f|f|
||Unrestricted|funds||||||||
||General
fund|||||||3,634,984|3,634,984|
||TOTALFUNDS|||||||3,634,984|~,634,984|
||Net movement||in funds,||included|in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
||||||||f|f|f|
||Unrestricted|funds||||||||
||General fund||||||3,887,501|(252,517)|3,634,984|
||TOTAL FUNDS||||||3,887,531|(353,517)|3,634,984|
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Page 27