Charity Registration No. 1188475
BUDLEIGH COMMUNITYWORKSHOP TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Lentells
Chartered Certified Accounianis

BUDLEIGH COMMUNITYWORKSHOP TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr William McDeTmott
Mrs Katherine McDemiott-Darfey
Mr Marc Jobson
Mr Desmond Bennelt
Mr P Oakley
(Appointed 25 October
20211
Charity number
1188475
Prlnclpal address
The Old FI￿ Ststion
4-5 ststion Road
Budleigh Sallerton
Devon
EX9 6RJ
Independent examiner
Lentells Limited
17- 18 Leach Road
Chard Business Park
Chard
Somerset
TA20 1 FA

BUDLEIGH COMMUNITYWORKSHOP TRUST
CONTENTS
Page
Trustees. report
Independent examinerfs report
Slalemenl of financial activities
Balance sheet
Notes to the financial slalements
6-14

BUDLEIGH COMMUNITYWORKSHOP TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial slalements have been prepared ir) aC(X)rdan￿ with the accounting policies set out in note 1 to the
financial statements and comply wilh the chariws constilulion. the Charities Act 2011 and 'A¢counting and
Reporting by Charities.. Statement of Re(x)mmended PraCts.￿ applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffeclive 1 January 20191".
Objectives and activities
The charity's objects are to provide or 8SSiSt in the provision of facilities in the interests of social welfare for
recreation or other leisure time 0￿UpatIOn of individuals in Budleigh Salterton and the surrounding area who
have need of such facilities by reason of their youth, age. infirmity or disabiltty. financial hardship or social
circumstances with the object of improving their conditions of life.
The policies adopted in furtherance of these objecls are to acquire and bring into use a community building and
there has been no change in these during the year.
The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
charity should undertake. The charity believes that ils objectives, achievements and performance provide a
significant public benefit within Bijdleigh Sallerton and the sumounding area.
Achievements and performan¢e
The Budleigh Community Workshop Trust (BC￿) successfvlly ¢ompleled their refutbishment programme to
covert the Old Fire Station in Budleigh Salterton into a Community Workshop in June 2021. 11 is now offering a
variety of aclivibes to those in the local area.
The Bcwt bank account opened with a balan￿ of £32,352 and ended the year with £25.899 having undertaken
Considerable works.
Subs and donations banked amounted to £59,502 and included grants lotslling £36,190. This was made up with
£25,000 from the Budleigh Salterton Town Council (being the restricted grant pledged in 2020 and included in
those accounts towards refurbishment costs). a disability grant giving charity donated £5,500 towards a stsir-lift,
The Screwfix Foundation provided £4,720 for specialist workshop equipment and machinery and The Lions Club
of Budleigh Sallerton provideé £400 towards ¢arving tcKJls. In addilion. Devon County Coun¢il1£4701, The David
Gibbons Foundation1£5001 and a collection of generous donors also contributed lo the Trust.
The total refurbishment expenditure across the years ending 31 December 2020 and 2021 amounted to £43,131.
The loan of £20,000 was repaid during the year.
sin￿ the workshop opened to Ihe public in June activities have proved popular and generated sufficient income
lo cover overheads. Looking towards 2022, the Trust will rely more heavily on rai5in9 funds through charging for
courses and generating income for the use of the faalities.
Finan¢ial rgview
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained initially at £10,000 for Contingencies and this is lo be reviewed regulady as fvnds allow. Once the
building has been refurbished and is operational it is planned to maintain reserves al a level equivalent to
between three and six month's expenditure_ The trustees considers that ￿serveS al this level will ensure that, in
the event of a significant drop in fijnding, they will be able to continue the charity's current activities while
consideration is given to ways in which additional funds may be raised. This level of reserves has been
maintained throughout the year.
The trustees have assessed the major risks to which the charity is exwsed, and are satisfied that systems are in
Pla￿ to mitigate exposure to the major risks.

BUDLEIGH COMMUNITYWORKSHOP TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Stwcture. governance and management
The charity is a Charitable Incorporated Organisation ICIOI. It was registered on 11 March 2020 with the charity
Commission,. charity number 1188475.
The trustees who served during the year and up to the date of signature of the financial ststements We￿..
Mr William McDemoti
Mrs Katherine McDemiott-Darley
Mr Marc Jobson
Mr Desmond Bennett
Mr P Oakley
{Appointed 25 October 20211
Apart from the first charity trustees, every trustee must be appointed Ifor a term of 3 years) by a resolution
passed al a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity
trustees, the charity trustees musl have regard to the skills, knovAedge and experien￿ needed for the effective
administration of the CIO. There must ￿ al least 3 charity trustees and the maximum number is 12.
The Charity trustees will make available to each new ¢harity trustees, on or before his or her first appointment la)
a copy of the current version of the constitution.. and (bl a copy of the CIO'S latest Tfusteess Annual Report and
statement of accounts.
Any person retiring as a charity trustees is eligible for reappointment. Any tNstees serving for 3 consecutive
terms may not be reappointed for a 4th term but may be reapwinled after an interval of al least 1 year.
None of the tru5tee5 ha5 any beneficial interest in the charity.
Decisions are made by the board of Trustees. either al a meeting of Ihe Charity Iruslees. by resolution in writing.
Any charity trustees may call a meeting of the charity trustees, subjecl to that, the charity trustees shall decide
how Ih8ir meetings are to be called. and what notice is required. No decision shall be tsken unless Ihere is a
quorum12 charity trustees or the number nearest to one third of the total number of charity trustees. whichever is
greater) at the time when the decision is taken. A charity Iruslees shall not be counted in the quorum present
when any decision is made about a matter upon which he or she is not entrtled to vote.
The trustees, report was approved by the Board of Trustees.
Signed on 111C￿ @ 17.30
Mr William McDemiott
Tru$lo9
Dale..

BUDLEIGH COMMUNITYWORKSHOP TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BUDLEIGH COMMUNITYWORKSHOP TRUST
I report to the trustees on my examination of the financial slatements of Budleigh Community Workshop
Trust Ithe charityl for the year ended 31 De￿rnber 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the finanryal statements in
accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity's financial statements Ca￿le￿ out under section 145 of
the 2011 Act. In carrying out my examination I have followed all the applicable DIre￿lon$ given by the
Charity Commission under section 14515llbl of the 2011 Act.
Independent examinerfs statement
Your attention is drawn to the fact that the tharity has prepared finanaal statements in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and
Reporting by Charities.. Statement of Recommended Practi￿ issued on 1 April 2005 which is referred to in
the extant regulations bul has now been withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view in
a￿ordanCe with Generally Accepted Acwunting Practice effective for ￿porting periods beginning on or
after 1 January 2015.
I have completed my examination. I confimi that no maliers have come to my attention in connection with
the examination giving me cause to believe that in any wnaterial respect=
accounbng records were not kept in respect of the charity as required by section 130 of the 2011 Act.,
or
the financial ststements do not accord wlh those records" or
the financial slalements do not comply with the applicable requirements conceming the fomi and
content of accounts set out in the Charities (Accounts and Rerortsl Regulations 2008 other than any
requirement that the accounts give a true and fair view which is not a matter conSide￿d as part of an
independent examination.
I have no concerns and have come a¢ross no other maliers in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial 51alements
to be reached.
Robert Wegner FCCA
Lentells Limited
17-18 Leach Road
Chard Buisness Park
Somerset
TA20 1 FA
COunteN9n￿ on 111
@ 17".45
Dated-

BUDLEIGH COMMUNITYWORKSHOP TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted Restrided
funds
nds
2021
2021
Total Unrestricted Restricted
funds
funds
2020
2020
Total
2021
2020
Noles
Donations and legacies
Charitsble activities
Other trading activities
30.128
2,895
150
5.500
35.628
2,895
150
400,925
25,000
425,925
Total income
33,173
5.500
38,673
400,925
25,000
425,925
Ex
ndi
Raising funds
ure
357
357
3,430
3,430
Charitable aclivi(ies
35.437
18.403
53,840
8,980
11,247
20,227
Total rasources axpended
35,794
18.403
54,197
12.410
11,247
23,657
Nat lexpendlturelllncome
for the yearl
Net movement in funds
12.621)
(12.9031
(15,5241
388,515
13,753
402,268
Fund balances at 1 January
2021
388.515
13.753
402,268
Fund balances at 31
December 2021
385,894
850
386,744
388.515
13,753
402,268
The ststemenl of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.




|W<br>Signed|McDermott<br>on 11/04/22 @ 17:30|M Jobson<br>Signed on 15/03/22 @ 11:44|
|---|---|---|







BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies
Charity information
Budleigh Community Workshop Trust is 8 Charitable Incorporated Org8nisation {CIO) with a constitution as
its goveming document. It was registered on 11 March 2020 with the charity commission., charity number
1188475. The principal address is The Old Fire Ststion, 4-5 Station Road. Budleigh Salterton, Devon, EX9
6RJ.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's CIO constitLJtion, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland. I'FRS 102.1 and the Charilies SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practi￿ applicable lo charwties preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191.
The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantsge of the provisions in the SORP for charities not lo prepare a Statement of
Cash Flows.
The financial statements have departed from the Charities (Accounls and Reports) Regulations 2008 only
lo the extent required lo provide a true an¢J fair view. This departure has involved following the Statement of
Recommended Practi￿ for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial slalements are prepared in sterling. which is the ￿n￿lOnal currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to indude the
revaluation of freehold properbes and to include investment prope￿.e$ and certain financial instruments al
fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
Al the lime of approving the financial statements. the trustees have a reasonable expectstion that the
charity has adequate resources to continue in operational exislence for the foreseeable future. Thus the
Iruslees continue to adopt the going con¢em basis of accounting in preparing the financial ststements.
1.3 Charitable funds
Unrestricted funds are available for use at the discrekn.on of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to spectfic conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specffic ccAidibons by donors Ihat the Capital musl be maintsined by the
charity.
1.4 Incoma
Income is recconised when the charity is legally entl￿ed to it after any perf0mlan￿ conditions have been
mel, the amounts can be wneasured reliably. and it is probable that income will be received.
Cash donations are recognised on re￿ipt. Other donations are recognised once the charity has been
notified of the donation, unless perf0M)an￿ condilions ￿qUIre deferral of the amount. Income lax
recoverable in relation to donations received under Gtft M"d or deeds of covenant is recognised at the time
of the donation.

BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending
distribukn'on. the amount is known. and receipt is expected. If the amount is not known, the legacy is treated
as a conlingenl asset.
The value of services provided by volunteers is not incorwrated into these fin8nci81 statements. Further
details of the contribution made by volunteers can be found in the trustees. annual report.
Grants are recognised on receipt or olhenvise rf the charity has been notified of an impending award, the
amount is known. and re￿Ipl is expected. If the amount is not known, the grant is treated as a contingent
asset.
1.5 Expenditure
Income and expenses are included in the financial statements as they become receivable or due.
There is no netting off of In￿rne and expenditure.
Since the charity is not VAT registered, all expenses include irrecoverable VAT where applicable.
Charitable expenditure cornprises those wsts incurred by the charity in the delivery of its activitie5 and
services. It includes both costs that can be allocated diredy to such activities and those of an Indi￿Ct
nature necessary to support them.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:
F￿ehOld land and buildings
Fixtures and fittings
20A straight line
20 % reducing balan
The gain or loss arising on the disposal of an asset is determined as the d￿fferen￿ between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
The charity's freehold propety is stated in the financial statements at its original cost less depreciation.
The following classifications of expenditure are treated as fixed asset additions..
Improvements of freehold property that add capitsl value to the property. other than those which
are incidental lo the repair or Maintenan￿ of the property
Individual items of equipment having a usefvl life of more than one year. other than those which
replace existing assets.
1.7 Impairment offixed assets
Al each reporting end dale, the charity reviews the caryng amounts of its tangible assets lo determine
whether there is any indicalion thal those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is ests"mated in order to determine the extent of the impairment
loss lif anyl.

BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies
(Continued)
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. dewjsits held at call with banks, other short-lemi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in Current liabilities.
1.9 Financial instruments
The charily has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charrtls balance sheet when the chartty becomes party lo the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial ststements, when
there is a legally enforceable right to sel off the recognised arr￿UnIS and there is an intention to settle on a
net basis or to realise the asset and setue the liability simultaneously.
Basic financial assets
Basic financial assets. which include debtors and c85h and bank balan￿s, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constilules a finan¢ing transsclion, where the transaction
is measured at the present value of Ihe future re￿Ipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri
unless the arrangement ¢onslilutes a financing Iransaclion. Whe￿ the debt instrument is measured al the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified
as payable within one year are not amortised.
Debt instruments are subsequendy carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services thal have been acquired in the ordinary course
of operations from suppliers. Amounts payable are classtfied as current liabilities if payment is due within
one year or less. If not, they are presented as non-current liabililies. Trade creditors are recognised initially
al transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the tharity's ¢ontra¢lual obligations expire or are discharged or
cancelled.
1.10 Taxation
The Charity is exempt from lax on its income and gains to the extent that these are derived from ils
charitable objectives. No tax Charges have arisen in this finanryal period.
1.11 Funds
The charity's funds during the year were all unrestrirted other Ihan a grant from the local council towards
refurbishment expenses, which has been treated as restricted. There are no endowment funds.

BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Iruslees are required to make judgements,
estimates and assumptions aboul Ihe carying amount of assets and liabilities that are not readily apparent
from other sources. The eslimales and associated assumptions are based on historical experience and
other factors that are considered to be relevant. Actual results may drffer from these estimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the peri(￿1 in which ihe eslimate is ￿ViSed where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both CUfTent and future
pericls.
Donations and legacies
Unrestricted Restricted
funds
funds
Total Unrestricted Restricted
funds
funds
Total
2021
2021
2021
2020
2020
2020
Donations and gifts
Government grants
30.128
35.628
395,925
5,000
395,925
30,000
25,000
30.128
5,500
35.628
400,925
25,000
425,925
Charitable activities
Provision of
community
fa¢ilitiè$
2021
2020
Sales within charttable activities- cOu￿e and hire charges
2.895
Other trading activities
Unrestricted
fund5
Totsl
2021
2020
Fundraising events
150

BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Raising funds
Unrestricted Unreslricled
funds
funds
2021
2020
Fundraisin
and ubli¢i
Fundraising agents
Other fundraising costs
2,623
807
357
Fundraising and publicity
357
3.430
357
3,430
Charitable activities
Provision of Provision of
communlty communlty
facilities
facilities
2021
2020
Depreciation and impaimient
Provision of community facilities
8,406
2,996
7,560
11.402
7.560
Share of support costs (see note 81
Share of governance costs (see note 8}
41,880
558
12,127
540
53,840
20,227
Analysis by fund
Unrestricted funds
Restricted funds
35,437
18,403
8,980
11,247
53,840
20,227
10-

BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Support costs
Support Govemance
costs
costs
2021
Support Govemance
costs
costs
2020
Insuran
Property repairs and
refurbishment
Sundries
Website & computer
costs
Bank charges
Water
Light & heat
Telephone
Pedestrian a¢￿$$
li￿nce including legal
fee contribution
1,158
1,158
354
354
36,292
621
36,292
621
11,247
183
11.247
183
1,578
226
329
914
212
1.578
226
329
914
212
308
35
308
35
550
Accountsncy
558
558
540
540
41,880
558
42,438
12,127
540
12,667
Analysed between
Charitable activities
41,880
558
42,438
12,127
540
12,667
Governan￿ costs includes payments to the independent examiners of £558 12020- £5401 in lotsl for
accounts preparation and independent examination.
Trustees
None of the trustees lor any persons connected with them) received any expenses. remuneration or
benefits from the charity during the year.
Truslees donated offerings to Ihe charity without condition and the aggregale value of those transactions in
the period ending 31 December 2021 was £700 {2020= £92,770).
10 Employees
The average monthly number of employees during the year was".
2021
Number
2020
Number
Total
There were no employees whose annual remuneration was more than £60,000.
11

BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
11 Tangible fixed assets
Freehold land Fithres and
and buildings
fittings
Total
Cost
Al 1 January 2021
Additions
371,429
655
4,363
372,084
4,363
Al 31 De￿mber 2021
371.429
5,018
376,447
Depreciation and impainnent
Al 1 January 2021
Depreciation charged in the year
7,429
7.429
131
977
7,560
8,406
Al 31 December 2021
14.858
1,108
15.966
Carrying amount
Al 31 De￿mber 2021
356.571
3,910
360,481
Al 31 December 2020
364.000
524
364.524
The freehold 12nd and buildings consist of the former fire station, 4-5 Station Road, Budleigh Salterton,
Devon, EX9 6RJ bought on 4 September 2020. which has been refurbished to fulfil the charity's objectives.
12 Debtor5
2021
2020
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
242
941
25,000
932
1,183
25,932
Included wthin other debtors in 2020 was a restn.cted grant pledged by Budleigh Sallerton Town Council of
£25,000 towards refurbishment costs. which was re￿iVed during 2021_
13 Creditors: amounts falling due within one year
2021
2020
Other creditors
Accruals and defe￿ed income
300
558
20.000
540
858
20,540
Included within creditors due within one year in 2020 was an interest free loan of £20,000 wth no fixed
date for repayment made by an anonymous lender which was repaid in full during 2021.
12-

BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
14 Rostricted funds
The income funds of Ihe charity indude restricled funds comprising the following unexpended balances of
donations and grants held on trust for spectfic purposes..
Movement in funds
Incoming
Resour¢8s
Balance at
6xpendod1 January 2021
Movement in funds
Incoming
Resources
Balance at
resol1￿85
exp8nd6d 31 D6c8mber
2021
Budleigh Salterton Town
Council freehold
refurbishment grant
Staidift
25.000
(11.2471
13.753
{13.7531
14.6501
5,500
850
25.0¢)0
111,2471
13,753
5,500
118,4031
850
Induded within income and other debtors in 2020 was a reslricted grant pledged by Budleigh Salterton
Town Council of £25.000 towards ￿furb1$hMenI costs. Restricted expenditure on refvrbishmenl during
2020 was £11,247 and during 2021 was £13.753 and the balan￿ carried forward at 31 De￿mber 2021
was £0.
During the year ending 31 D￿mber 2021 restricted income was received of £5,500 towards the
inslallalion of a stair-lift. Restn"cled expenditure on the stair-lift was £4,650, leaving a dosing balance
carried fonNard at 31 De￿rnber 2021 of £850.
15 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
2021
2021
Total Unrestricted Restricted
funds
fvnds
2020
2020
Total
2021
2020
Fund balances at 31
De￿mber 2021 are
represented by..
Tangible assets
Current asselsl
360,481
360.481
364.524
364,524
25.413
26,263
23,991
13,753
37.744
385,894
386.744
388,515
13.753
402,268
13-

BUDLEIGH COMMUNITYWORKSHOP TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
16 Financial commitments, guarantees and ¢ontingent liabilities
A donation of £25.000 was included in the a￿Unts lo 31 D￿ember 2020 from Budleigh Sallerton Town
Council as a debtor and received in 2021. Should the charity be forced to close within 10 years of
re￿Iving this donation, it would need to be repaid lo the counol.
A donation of £100,000 was induded in Ihe accounts to 31 De￿mber 2020 from The League of Friends of
The Budleigh Salterton H05pilal. Should the charTty be dosed or the freehold premises at the forrner fire
ststion, 4-5 Station Road, Budleigh Salterton, Devon. EX9 6RJ be sold. the funds would need to be repaid
lo the League of Friends.
17 Related party transactions
There were no disdosable related paty transactions during the year {2020- none).
14-