2021-12-31-accounts - The Alex Moulton Charitable Trust

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REGISTERED CHARITY NUMBER: 1190082

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2021

for

The Alex Moulton Charitable Trust

Monahans Chartered Accountants Fortescue House Court Street Trowbridge Wiltshire BA14 8FA

The Alex Moulton Charitable Trust

Contents of the Financial Statements for the Year Ended 31 December 2021

		Page
Report of the Trustees	1	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	8	to	14
Detailed Statement of Financial Activities		15

The Alex Moulton Charitable Trust

Report of the Trustees for the Year Ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Trust are:

To preserve, restore, maintain, and enhance, for the benefit of the public, the grounds and buildings of The Hall, Bradford on Avon
To advance the education of the public about the history and architecture of The Hall by providing or assisting in the provision of tours and educational events
To advance the education of the public in the subjects of engineering, design, science, industrial history and related subjects through the maintenance of an archive of educational materials and making such materials publicly accessible, and through lectures and other educational activities
To advance such other purposes which may be charitable according to the law of England and Wales

During the 2013 year the Charitable Trust received a gift, under a Deed of Appointment dated 5 July 2013, from the Alex Moulton Deceased Will Trust consisting of The Hall at Bradford on Avon, household and personal goods, land, properties, an investment portfolio and cash.

The Estate comprises of buildings dating from the 1610s through to the 1960s. The principal building is The Hall surrounded by c. 3.5 hectare Estate. Also within the Estate are stable blocks and drawing offices; terraced cottages; the Dovecote cottage; and three outside stone 'temples'. The Hall is a Grade I listed property dating from c. 1610 and it has been described as one of the most important buildings in England. The Terrace of the Hall is Grade II* listed, the Dovecote is Grade II listed and the Estate in its entirety is Grade II listed. The trustees consider that due to the history and architectural interest of the site, together with the historical and cultural significance of the artefacts connected with the industrial and engineering heritage of Bradford on Avon, the assets should be preserved for the future use and education of the general public.

The Trust's current aims are:

To promote The Hall, Bradford on Avon as a place of historical and architectural interest and natural beauty through events and education activities
To advance the education of the public, in particular (but not exclusively) in the subjects of engineering and design
Conserve and enhance the Hall and its collection

Significant activities

The charity is maintaining the heritage assets through a programme of issues reporting, risk identification and maintenance based on a prioritisation system. The Trust seeks to run the estate as an independent heritage site offering events, venue hire and education for visitors of all ages. In 2021:

The Trust continued to cautiously reinstate its events programme post-COVID running weekly open gardens (April - September 2021), open-air theatre (June 2021) and cinema (September 2021) and a small number of indoor tours.
The Trust deposited (but retained ownership) of its archival collection with Swindon & Wiltshire Records Office, which will ensure their longevity and improve public access (as per our charitable objectives).
The Trust carried out a policy and procedure audit, with an implementation schedule to ensure appropriate management practices and robust governance is in place.
The Trustees commissioned a support package, including the facilitation of an away day, from an expert consultant to ensure a clear vision and forward plan were identified.
The Project Director gave notice of resignation (January 2021). The Trustees amended the post to House & Estate Manager, and a new post holder was recruited (started in June 2021).
A new Trustee was recruited (September 2021) with expertise in historic buildings, architecture and town planning.

Public benefit

The charity trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit and have followed this in planning and undertaking the activities.

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The Alex Moulton Charitable Trust

Report of the Trustees for the Year Ended 31 December 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charitable activity resources expended represent the costs incurred in maintaining and running The Hall and the grounds from the date the assets were donated to the Charitable Trust, with a view to ultimately enabling these assets to be utilised for awareness and education purposes for the general public. Educational events and tours were gradually reinstated in 2021. Access to educational materials was greatly improved by depositing the archival collections with Swindon & Wiltshire Records Office. Planning for the long-term preservation of the building and collection of objects in the Hall was initiated (continuing into 2022).

FINANCIAL REVIEW

The Trust maintains the Estate and does not receive external funding. Rental income is the main source of funds for the Trust. In 2021, the Trust had 5 residential tenants and 1 commercial tenant. The Trust reinstated events and venue hire post-COVID, which resulted in a small increase in income.

The Trust ran a deficit budget in 2021 and currently does not generate enough income to meet the operational budget. The level of usable reserves at 31 December 2021 was £669,444 (2020: £719,716) which covers more than 12 months likely expenditure in the coming year (based on 2021 financial statements). The trustees are, however, concerned about the rapidly diminishing free reserves and are seeking to address this as a matter of urgency.

The charity had net surplus for the year of £96,776 (2020: £7,919). Included within net income is £141,000 profit (£101,000) on investments (this pertains to an increase in market valuation of heritage properties that are rented out rather than a cash gain and thus is not useable). The in-year deficit on general funds was £50,272 (2020: £93,081), relating to heritage asset maintenance and management costs in excess of the income raised from the charities investments and activities.

Reserves policy

The Trust manages reserves to ensure the smooth and effective running of the organisation, the financial health of the Trust and the ability to forward plan. The cash balances are held to develop and meet the charitable objectives of the charity. The trustees have implemented a new reserves policy (June 2022), which identified that reserves can be used to:

Cover shortfalls when it is unable to generate sufficient income to cover operational costs.
Protect the Trust from unexpected drops in income or increases in costs.
Address significant site maintenance issues and capital works that cannot be met by the operational budget.
Invest in capital works, staffing and resource to further develop the income-generating capacity of the charity. Any emergency situations or unpredicted occurrences that require funding, including financial loss due to
- incidents, fraud and crime.

The Trust does not currently generate sufficient income to meet its operational needs. As such, the Trust runs a deficit budget and is using its reserves as above. The Trust currently holds sufficient reserves to operate for approximately 60 months. In summer 2021, The Trust began work to identify viable business models to improve income-generation to ensure the longevity of the Trust and continues this work into 2022.

Investment policy and objectives

The trustees maintain a portfolio of mixed motive investment properties that were part of the Estate left to the charity in 2013. These properties enable the charity to generate income but their illiquid nature do not contribute towards The Hall running costs. Furthermore, the properties have significant maintenance and repair requirements reducing their income-generating capability.

FUTURE PLANS

Following external advice commissioned from professional heritage architects and consultants which concluded that there is a viable way forwards for The Hall estate as an independently run heritage attraction, the Trustees appointed a Project Development Manager in April 2019 to take the project forwards. A 5-year plan was produced outlining the capital projects required to support visitors (toilets, ticket desk, café facilities etc) and other income streams that will be required to become financially sustainable including public events, venue hire and fundraising.

Considering Covid-19 and a more developed understanding of the site liabilities, the Trust has reviewed this plan and concluded that a visitor operation model will not generate sufficient income to support the financial liabilities of the Estate. The Estate incurs significant maintenance and repair costs. The Trust has identified a number of possible new income generation approaches and has been assessing these to ensure a viable new business model is selected. This work continues into 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document.

Charity constitution

The Alex Moulton Charitable Trust became an incorporated charitable organisation (CIO) on 24 June 2020.

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The Alex Moulton Charitable Trust

Report of the Trustees for the Year Ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

A skills audit of existing trustees was conducted to identify the particular skills and experience required when recruiting new trustees.

A new trustee was appointed in 2021.

Organisational structure

Day to day management of the charity is entrusted to S J Missen and R Tritton (trustees).

Induction and training of new trustees

Induction and training of trustees is carried out where considered appropriate.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1190082

Principal address

The Hall Bradford on Avon Wiltshire BA15 1AJ

Trustees

H B Llewellyn H M Hilliard S J Missen M Young R Tritton C Jones (resigned 7.1.22) P W Barker C Johns (appointed 15.7.21)

Independent Examiner

James Gare FCA DChA Monahans Chartered Accountants Fortescue House Court Street Trowbridge Wiltshire BA14 8FA

Solicitors

Thrings LLP Midland Bridge Bath BA1 2HQ

Mills & Reeve 1 City Square Leeds LS1 2ES

Bankers

Lloyds Bank plc 64 Fore Street Trowbridge BA14 8EU

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The Alex Moulton Charitable Trust

Report of the Trustees for the Year Ended 31 December 2021

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 1 September 2022 ........................................................................ S J Missen - Trustee

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Independent Examiner's Report to the Trustees of The Alex Moulton Charitable Trust

Independent examiner's report to the trustees of The Alex Moulton Charitable Trust

I report to the charity trustees on my examination of the accounts of The Alex Moulton Charitable Trust (the Trust) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

James Gare FCA DChA Monahans Chartered Accountants Fortescue House Court Street Trowbridge Wiltshire BA14 8FA

Date: ............................................. 2 September 2022

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The Alex Moulton Charitable Trust

Statement of Financial Activities for the Year Ended 31 December 2021

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Investment income 4 Total EXPENDITURE ON Charitable activities 5 Running and maintenance of heritage assets Other charitable activities Total Net gains on investments NET INCOME Transfers between funds 16 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 2,264 19,599 64,447 86,310 130,982 - 130,982 141,000 96,328 (52) 96,276 4,189,166 4,285,442	Restricted funds £ 7,500 - - 7,500 7,052 - 7,052 - 448 52 500 - 500	2021 Total funds £ 9,764 19,599 64,447 93,810 138,034 - 138,034 141,000 96,776 - 96,776 4,189,166 4,285,942	2020 Total funds £ 221 14,141 52,820
				67,182 160,263 -
				160,263 101,000
				7,919 -
				7,919 4,181,247
				4,189,166

The notes form part of these financial statements

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The Alex Moulton Charitable Trust

FIXED ASSETS Tangible assets Heritage assets Social investments CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds: General fund Fixed asset reserve Major repairs reserve Restricted funds TOTAL FUNDS	Balance Sheet 31 December 2021 Notes 10 11 12 13 14 16	2021 £ 5,548 1,919,450 1,691,000 3,615,998 2,921 672,173 675,094 (5,150) 669,944 4,285,942 4,285,942 469,444 3,615,998 200,000 4,285,442 500 4,285,942	2020 £ - 1,919,450 1,550,000 3,469,450 - 726,529 726,529 (6,813) 719,716 4,189,166 4,189,166 519,716 3,469,450 200,000 4,189,166 - 4,189,166

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 1 September 2022 ............................................. S J Missen - Trustee ............................................. R Tritton - Trustee

The notes form part of these financial statements

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The Alex Moulton Charitable Trust

Notes to the Financial Statements for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The Alex Moulton is a charitable incorporated organisation (CIO) registered in England and Wales. During the year all the assets and liabilities of the former unincorporated charity (charity registration number 273158) were transferred over to this new CIO (charity registration number 1190082) which was set up on 24 June 2020.

The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity's operations and principal activities are to apply resources for the purpose of maintaining and running The Hall Estate and Grounds.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Practice.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Charitable activity costs represent the costs of running and maintaining the heritage assets.

Governance costs

Governance costs include those costs associated with the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset on a straight line basis over its expected useful life, which is six years for plant and machinery. Assets costing over £1,000 are capitalised.

Heritage assets

Heritage assets are assets of historical, artistic and scientific importance that are held to advance preservation, conservation and educational objectives.

Heritage assets are included at valuation at the date of addition.

No depreciation is charged on heritage assets on the basis that such depreciation is considered to be immaterial as the assets have an indefinite useful life and a high residual value.

Impairment reviews are carried out where considered appropriate.

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The Alex Moulton Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Social investments

Mixed motive investment properties are held to generate a return for the charity, but also contribute to the charity's wider heritage objectives. Mixed motive investments are stated at the trustee's best estimate of market value. No depreciation is charged on investment properties.

All changes in value in the year, whether or not realised, are reported in the gains and losses on investment assets in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Unrestricted designated funds have been set aside by the trustees out of unrestricted funds towards a specific purpose.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations 3. OTHER TRADING ACTIVITIES Income from water turbine Tours and events Other income 4. INVESTMENT INCOME Rents received Dividends and interest receivable	2021 £ 9,764 2021 £ 5,962 13,298 339 19,599 2021 £ 64,370 77 64,447	2020 £ 221 2020 £ 7,695 5,835 611
		14,141
		2020 £ 52,540 280
		52,820

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The Alex Moulton Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

5. CHARITABLE ACTIVITIES COSTS

6.

Support Direct costs (see Costs note 6) £ £ Running and maintenance of heritage assets 78,019 60,015 SUPPORT COSTS Governance Management costs £ £ Running and maintenance of heritage assets 48,654 11,361	Totals £ 138,034
	Totals £ 60,015

Costs relating to restricted activities are allocated to the appropriate restricted fund.

7. TRUSTEES' REMUNERATION AND BENEFITS

No trustees were remunerated for their services as trustees.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

8. STAFF COSTS

Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Administration Project development Housekeeping	2021 £ 48,042 612 48,654 2021 1 2 1 4	2020 £ 43,326 570
		43,896
		2020 1 2 1 4

No employees received emoluments in excess of £60,000.

Key management personnel remuneration

The charity considers its key management personnel comprise the trustees. No employee benefits were received by key management personnel.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total	Unrestricted funds £ 221 14,141 52,820 67,182	Restricted funds £ - - - -	Total funds £ 221 14,141 52,820
			67,182

EXPENDITURE ON

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The Alex Moulton Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ Charitable activities Running and maintenance of heritage assets 160,263 - Other charitable activities - - Total 160,263 - Net gains on investments 101,000 - NET INCOME 7,919 - RECONCILIATION OF FUNDS Total funds brought forward 4,181,247 - TOTAL FUNDS CARRIED FORWARD 4,189,166 - 10. TANGIBLE FIXED ASSETS COST Additions DEPRECIATION Charge for year NET BOOK VALUE At 31 December 2021 At 31 December 2020 11. HERITAGE ASSETS MARKET VALUE At 1 January 2021 and 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020		Total funds £ 160,263 -
		160,263 101,000
		7,919 4,181,247
		4,189,166
		Plant and machinery £ 6,052 504 5,548 - Total £ 1,919,450 1,919,450 1,919,450

Heritage assets comprise The Hall at Bradford on Avon together with household and personal goods of Dr Alex Moulton, the founder of Moulton Developments Limited who developed the design of the Moulton Bicycle. The Hall is a Grade I listed property dating originally from c. 1610, and set in ornamental walled gardens of c. 3.5 hectares.

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The Alex Moulton Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

12. SOCIAL INVESTMENTS

MARKET VALUE At 1 January 2021 Revaluations At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 Cost or valuation at 31 December 2021 is represented by: Valuation in 2021 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds £ Fixed assets 1,924,998 Investments 1,691,000 Current assets 674,594 Current liabilities (5,150) 4,285,442	Restricted funds £ - - 500 - 500	2021 £ 2,921 2021 £ - - - 5,150 5,150 2021 Total funds £ 1,924,998 1,691,000 675,094 (5,150) 4,285,942		Mixed motive investments £ 1,550,000 141,000 1,691,000 1,691,000 1,550,000 Mixed motive investment £ 1,691,000 2020 £ - 2020 £ 672 540 801 4,800 6,813 2020 Total funds £ 1,919,450 1,550,000 726,529 (6,813) 4,189,166

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The Alex Moulton Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

16. MOVEMENT IN FUNDS

At 1.1.21 £ 519,716 3,469,450 200,000 4,189,166 - - - 4,189,166 e as follows: Incoming resources £ 86,310 - 86,310 6,000 1,000 500 7,500 93,810	At 31.12.21 £ 469,444 3,615,998 200,000	At 31.12.21 £ 469,444 3,615,998 200,000
	4,285,442 - 500
	500
	4,285,942
e	Movement in funds £ (44,168) 140,496 96,328 (52) - 500 448 96,776
		96,328 (52) - 500
		448
		96,776

Comparatives for movement in funds

Unrestricted funds General fund Fixed asset reserve Major repairs reserve TOTAL FUNDS	At 1.1.20 £ 812,797 3,368,450 - 4,181,247 4,181,247	Net movement in funds £ (93,081) 101,000 - 7,919 7,919	Transfers between funds £ (200,000) - 200,000 - -	At 31.12.20 £ 519,716 3,469,450 200,000
				4,189,166
				4,189,166

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The Alex Moulton Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	67,182	(160,263)	-	(93,081)
Fixed asset reserve	-	-	101,000	101,000
	67,182	(160,263)	101,000	7,919
TOTAL FUNDS	67,182	(160,263)	101,000	7,919

The designated fixed asset reserve represents the net book value of the charity's tangible assets, heritage assets and social investments, which are not freely available to spend on day to day running costs.

The major repairs reserve is a designated funds to meet the future costs of maintaining the Trust's various properties. The Trustees have identified immediate repair work to the roof and stone work which will be at least £200,000 to address.

The funding from Avon Rubber was for the purchase of a stretch tent.

The funding from Hitachi was for the purchase of a new ticket kiosk.

The Centenary Club fund is to be used to install a bike display.

17. RELATED PARTY DISCLOSURES

M Young, a trustee, is a director in Thrings who have provided solicitors services to the Alex Moulton Charitable Trust. The amount charged in the year was £nil (2020: £350).

18. ULTIMATE CONTROLLING PARTY

The trustees consider that the charity is jointly controlled by the trustees and that there is no ultimate controlling party.

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The Alex Moulton Charitable Trust

Detailed Statement of Financial Activities for the Year Ended 31 December 2021 INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Income from water turbine Tours and events Other income Investment income Rents received Dividends and interest receivable Total incoming resources EXPENDITURE Charitable activities Rates and water Insurance Light and heat Telephone Heritage property and grounds maintenance Professional fees Other costs Plant and machinery Support costs Management Wages Pensions Governance costs Accountancy Independent Examination Total resources expended Net expenditure	2021 £ 9,764 5,962 13,298 339 19,599 64,370 77 64,447 93,810 4,215 15,432 5,485 216 30,444 4,213 17,510 504 78,019 48,042 612 48,654 10,701 660 11,361 138,034 (44,224)	2020 £ 221 7,695 5,835 611 14,141 52,540 280 52,820 67,182 4,860 16,434 7,187 467 64,899 12,904 4,035 - 110,786 43,326 570 43,896 4,981 600 5,581 160,263 (93,081)

This page does not form part of the statutory financial statements

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