Bradninch Town Trust
Report of the Trustees for the year ending 31 December 2021.
Charity number 200847. Current Correspondence Address: 2021 Correspondence Address: Springfield, Millway 29 Passmore Road Bradninch Bradninch Exeter Exeter EX5 4NL EX5 4QT
The Trustees of Bradninch Town Trust present their annual report and independently examined accounts for the year ended 31 December 2021.
The Trust was created by a scheme of 1889 to take over the assets of the former Corporation of the Borough of Bradninch which had been dissolved by the Municipal Corporations Act of 1883. The principal asset was and is the Guildhall in Bradninch and the principal duty of the Trust is to maintain the Guildhall as a reading room and a place of recreation and assembly for the inhabitants of Bradninch. To this end, the Trustees hire out the various rooms in the Guildhall for a range of organisations and individuals. These are overwhelmingly used by local residents. The Trustees had regard to the Charity Commission’s guidance on Public Benefit.
Other assets are: a house which is let on a commercial basis; a small piece of land attached to the Guildhall which is rented as a garden to a neighbour; an endowment fund held in a portfolio of investment funds and a general fund also held in a portfolio of investment funds.
The Trustees of this Trust are also Trustees of Bradninch Parochial Charities (201496), George Pearse’s Educational Foundation (306850) and the Roger Hepburn Educational Foundation (306923).
The body of trustees is made up of four Representative Trustees who are appointed by Bradninch Town Council and five Co-optative Trustees who are appointed by the trustees.
Trustees for 2021 were:
(Margaret) Jane Webber, Chair: Appointed by Bradninch Town Council Philip Chambers, Contact: Appointed by Bradninch Town Council Joan Brown: Appointed by Bradninch Town Council Peter Lucey: Co-opted by the Trustees Jenny Richards: Co-opted by the Trustees Martin White: Co-opted by the Trustees Nigel Coveney: Appointed by Bradninch Town Council Martin Myhill: Co-opted by the Trustees One Co-optative trustee vacancy.
The Clerk for the period up to September 2[nd] was Sarah Wicks. Following her resignation, while a new Clerk was sought, Trustees shared her responsibilities between themselves.
2021 was a year in which the trust’s activities were substantially affected by the Covid-19 outbreak, in that the rooms in the Guildhall could not be hired out as would be usual. This resulted in a major reduction in income from lettings. On the other hand, the Trust benefited from a series of Government Small Business Support grants.
Despite the Covid-19 difficulties the Trust continued to make progress in drawing up plans for a major programme of work to improve access facilities for people with mobility problems. Trustees managed to raise grant funding to partly pay for this work with the balance being taken from Trust reserves.
During this time the Trust did not have an explicit policy on reserves but did maintain a separate account holding funds not involved in the Guildhall lettings income and expenditure which is used for building repairs where grants cannot be obtained.
An endowment fund is held in an investment account with the aim of providing a small income while maintaining its real value in the long term.
Another non-endowment fund is held in an investment account with the aim of maintaining its value in the long term.
Signed on behalf of the Trustees:
Chair of Trustees 22nd September 2022
Trustee 22nd September 2022
Town Trust Summary 2021
| Town Trust Charities 30-98-61 00552830 | Town Trust Charities 30-98-61 00552830 | Town Trust Charities 30-98-61 00552830 |
|---|---|---|
| Receipts Rents Investment Income Parochial Charities Donations Grants Furlough Support Covid-19 Support Other Total Payments Wages Admin Costs Insurance Cleaning & Repairs Properties Maintenance Covid-19 Equipment Other Total Receipts less Payments Transfers From Other TT Accounts Transfers To Other TT Accounts Net Transfers |
2020 2021 £8,010.40 £8,010.40 £22.35 £0.37 £1,200.00 £1,200.00 £0.00 £0.00 £541.49 £0.00 £0.00 £8,000.00 £150.00 £75.00 |
|
| £9,924.24 | £17,285.77 | |
| £1,568.63 £1,835.22 £600.00 £104.00 £771.15 £1,569.83 £0.00 £0.00 £759.93 £10,094.97 £327.74 £0.00 £304.00 £84.72 |
||
| £4,331.45 | £13,688.74 | |
| £5,592.79 | £3,597.03 | |
| £2,000.00 £0.00 £11,900.00 £0.00 |
||
| -£9,900.00 | £0.00 |
| Lettings Account | 30-98-61 00553055 | 30-98-61 00553055 |
|---|---|---|
| Receipts Lettings Bar Investment Income Film Nights Furlough Support Covid-19 Grant Grants Other Total Payments Wages Admin Costs Insurance Utilities Cleaning & Repairs Bar Film Nights Other Total Receipts less Payments Transfers From Other TT Accounts Transfers To Other TT Accounts Net Transfers |
2020 2021 £3,192.70 £8,095.50 £1,832.03 £93.10 £2,400.00 £2,400.00 £325.00 £0.00 £3,603.06 £0.00 £10,000.00 £10,565.15 £0.00 £400.00 £0.00 £373.60 |
|
| £21,352.79 | £21,927.35 | |
| £10,840.36 £10,695.32 £600.00 £0.00 £1,694.52 £0.00 £3,708.98 £4,999.61 £75.12 £4,654.00 £728.14 £399.05 £44.97 £0.00 £2,172.34 £168.87 |
||
| £19,864.43 | £20,916.85 | |
| £1,488.36 | £1,010.50 | |
| £0.00 £0.00 £0.00 £0.00 |
||
| £0.00 | £0.00 |
| Building Account 30-97-77 22738560 | Building Account 30-97-77 22738560 | Building Account 30-97-77 22738560 |
|---|---|---|
| Receipts 2020 2021 Grants and Donations £4,890.00 £2,665.00 Total £4,890.00 £2,665.00 Payments Fire & Electrical £11,475.45 £0.00 Architect Fees £3,066.00 £2,631.40 Total £14,541.45 £2,631.40 Receipts less Payments -£9,651.45 £33.60 Transfers From Other TT Accounts £11,900.00 £0.00 Transfers To Other TT Accounts £2,000.00 £0.00 Net Transfers £9,900.00 £0.00 Aggregate of Accounts Total Receipts £36,167.03 £41,878.12 Total Payments £38,737.33 £37,236.99 Total Receipts less Payments -£2,570.30 £4,641.13 |
2020 2021 £4,890.00 £2,665.00 |
|
| £4,890.00 | £2,665.00 | |
| £11,475.45 £0.00 £3,066.00 £2,631.40 |
||
| £14,541.45 | £2,631.40 | |
| -£9,651.45 | £33.60 | |
| £11,900.00 £0.00 £2,000.00 £0.00 |
||
| £9,900.00 | £0.00 | |
| -£2,570.30 | £4,641.13 |
Page 1
Town Trust Agregated Summary 2021
| Receipts 2020 2021 Rents £8,010.40 £8,010.40 Lettings £3,192.70 £8,095.50 Investment Income £2,422.35 £2,400.37 Parochial Charities Donations £1,200.00 £1,200.00 Bar £1,832.03 £93.10 Film Nights £325.00 £0.00 Covid-19 Support £10,000.00 £18,565.15 Furlough Support £4,144.55 £0.00 Building Project Grants/Donations £4,890.00 £2,665.00 Other Grants £0.00 £400.00 Other £150.00 £448.60 Total £36,167.03 £41,878.12 Payments Wages £12,408.99 £12,530.54 Admin Costs £1,200.00 £104.00 Utilities £3,708.98 £4,999.61 Insurance £2,465.67 £1,569.83 Cleaning & Repairs £75.12 £4,654.00 Properties Maintenance £759.93 £10,094.97 Bar £728.14 £399.05 Film Nights £44.97 £0.00 Covid-19 Equipment £327.74 £0.00 Building Project Work £14,541.45 £2,631.40 Other £2,476.34 £253.59 Total £38,737.33 £37,236.99 Receipts less Payments -£2,570.30 £4,641.13 |
Receipts 2020 2021 Rents £8,010.40 £8,010.40 Lettings £3,192.70 £8,095.50 Investment Income £2,422.35 £2,400.37 Parochial Charities Donations £1,200.00 £1,200.00 Bar £1,832.03 £93.10 Film Nights £325.00 £0.00 Covid-19 Support £10,000.00 £18,565.15 Furlough Support £4,144.55 £0.00 Building Project Grants/Donations £4,890.00 £2,665.00 Other Grants £0.00 £400.00 Other £150.00 £448.60 Total £36,167.03 £41,878.12 Payments Wages £12,408.99 £12,530.54 Admin Costs £1,200.00 £104.00 Utilities £3,708.98 £4,999.61 Insurance £2,465.67 £1,569.83 Cleaning & Repairs £75.12 £4,654.00 Properties Maintenance £759.93 £10,094.97 Bar £728.14 £399.05 Film Nights £44.97 £0.00 Covid-19 Equipment £327.74 £0.00 Building Project Work £14,541.45 £2,631.40 Other £2,476.34 £253.59 Total £38,737.33 £37,236.99 Receipts less Payments -£2,570.30 £4,641.13 |
Receipts 2020 2021 Rents £8,010.40 £8,010.40 Lettings £3,192.70 £8,095.50 Investment Income £2,422.35 £2,400.37 Parochial Charities Donations £1,200.00 £1,200.00 Bar £1,832.03 £93.10 Film Nights £325.00 £0.00 Covid-19 Support £10,000.00 £18,565.15 Furlough Support £4,144.55 £0.00 Building Project Grants/Donations £4,890.00 £2,665.00 Other Grants £0.00 £400.00 Other £150.00 £448.60 Total £36,167.03 £41,878.12 Payments Wages £12,408.99 £12,530.54 Admin Costs £1,200.00 £104.00 Utilities £3,708.98 £4,999.61 Insurance £2,465.67 £1,569.83 Cleaning & Repairs £75.12 £4,654.00 Properties Maintenance £759.93 £10,094.97 Bar £728.14 £399.05 Film Nights £44.97 £0.00 Covid-19 Equipment £327.74 £0.00 Building Project Work £14,541.45 £2,631.40 Other £2,476.34 £253.59 Total £38,737.33 £37,236.99 Receipts less Payments -£2,570.30 £4,641.13 |
|---|---|---|
| £36,167.03 | £41,878.12 | |
| £12,408.99 £12,530.54 £1,200.00 £104.00 £3,708.98 £4,999.61 £2,465.67 £1,569.83 £75.12 £4,654.00 £759.93 £10,094.97 £728.14 £399.05 £44.97 £0.00 £327.74 £0.00 £14,541.45 £2,631.40 £2,476.34 £253.59 |
||
| £38,737.33 | £37,236.99 | |
| -£2,570.30 | £4,641.13 |
Page 2
Report to the trusteesl members of BRADNINCH TOWN TRUST On accounts for the year ended 31 DECEMBER 2021 Charity no (rf any) 200847 Set out on pages I report to the trustees on my exarrination of the luntS of the aLve charity (Ihe Trust") for the year ended 31 December 2021 Responslbllltles and basls of roport As the charity's trustees, you are responsitle for the weparation of the counts in ac£ordarKt *ith the requirements of the Charrties Ad 2011 (he Ad"). I report in respect of my examination of the Trust's accounts Caled out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Comnission under section 145{5)(b) of the Act. Independent examiner's statement I have com eted my examinatlon. I confirm that no material matters have Come to my attention in connection wth the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in ac(x)rdanc8 with section 130 of the Charib'es Act.. or the accounts did not acrd with the alxounting records,. or the acc<)unts did ncl comply with the applicaL4e requirements conceming the form and content of accounts set out in the Charities <Accounts and Reports) Regulalions 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an indeFendent examination. I have no concems and ha¥e come across no other matters in connection with the exarninati to whith attention should be drawn in this report in Order to enatAe a prop8r understanding of the accounts to be reached. Slgned: 20 July 2023 Name: ison Waple Relevant professlonal quallficatlon(s) or body Ilf any): Assocxate Member of The Institute of Chartered Ac(x)untants in England and Wales Membership number. 7311904 Address: 17. Hen Street. Br&aninch. Devon EX5 4NR
Town Trust Agregated Summary 2021 Receipts Rents Lettings Investment Income Parochial Charities Donatn$ Bar Film Nights Covid-19 Support Furlough Support Building Project GrantslDonations Other Grants Other 2020 £8.010.40 £3,192 70 £2.422.35 £1,200.00 £1.832.03 £325.00 £10.000.00 £4,144.55 £4,890 00 £0.00 £15000 £36,167.03 2021 £8,010.40 £8,095.50 £2,400.37 £1,200.00 £93.10 £0.00 £18,565. 15 £0.00 £2,665.00 £400.00 £448.60 £41.878.12 Total Payments Wages Admin Costs Utilities Insurance Cleaning & Repairs Properties Maintenance £12,408.99 £1,200.00 £3,708.98 £2,465.67 £75.12 £759.93 £728.14 £44.97 £327.74 £14.$41.45 £2,476.34 £38.737.33 £12,530.54 £104.00 £4,999.61 £1,569.83 £4.654.00 £10,094.97 £399.05 £0.00 £0.00 £2,631.40 £253.59 £37,236.99 Film Nights Covid-19 Equipment Building Project Work Other Totsl R¢c&lpt8 le88 Payments 2,S70.30 £4,641.13 ,17121
Actount No. $52830. Ch•ri OpeninB Bn¢e3tBank". Receipts.. PawThnts.' £11.010.04 £J7.285.77 -i13 688.74 £3,S97.03 Tr•nSfWsFrrrt{+>-l In¥e5trneDrs.' lrttemal Trnnoers In Internal Ttshsferscmrt £0 £oDJ £14.fy)7.07 OttlUn(ts Wlihin ihisaccwlt: waf Memorial FuTrJ S A Mor8an Ihl1 UpkeepFuna £685.65 £455.78 wet TiiwnTru# lIn.. £12.95&77 AC¢OUTrrt N•. (bW3055.Gulklh•ll LettMyA¢crt Openir¥èthreit Bank.. Recpts'. EJO,078.64 £11.9.3$ .£20.916.115 Itecdpis 55 Paymenrs.. £1.00 Tr•nsletsfmml>M.I Investmenrs.. £oL Inttrnèl Trahsfersin £om Imernal Trnnslersour £oA) cloyn884Thce •t a•nk..] £11£49.14 A{UntIl[l 12731S60.64hlh•l old11¥ Op•nln48•nJ1 &nk..E £265.& -É2.63- 40 Intern4lTransfers In Intemal T13n51ers¢Jut Aecelpts s5 PmeMS'. Éo. £29&66 TrvnTnt6•n•ral Fund Ip•wm•nlahw•.. PCPJS1451 Openin8Oalance'. Trnn51er5 Inl+Voutl.l.' Inwest and Capital8aln'. IMer Down Otrwn.. CIrn$lan<e'. £28.593. £0. ÉJ.854.59 £0. £30.447.97 TownTru51 EnthMMntlPanntn1oth140.. PCP66011 Ownini&l•rrfe'. Trin5fetsirf•Vo1-)'. Inierestand Capital pin.. Inte¢es¢Drawn a.. E113.958.48 £0. É9.820.42 42.4co rKI £121.37&9) Oradninch Guildhall J55eii'sOrthèrd loluble Road £1 £1 ?olY/ZoZ7 Nohe None