This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-05-31-accounts

				Page
Reference and administrative	details ofthe Charity,	its Trustees	and advisers
Trustees' report				2-6
Independent examiner's report
Statement offinancial activities
Balance sheet
Notes to the financial statements				10-20

Trustees		J Grey, Chairman	J Grey, Chairman	J Grey, Chairman
		J Shorters
		P Lane
Charity registered
number		201277
Principal office		1BVictoria	Road
		Exmouth
		EX8 1DL
Accountants		Bishop Fleming		LLP
		Chartered	Accountants
		2nd Floor Stratus House
		Emperor Way
		Exeter Business		Park
		Exeter
		EX1 3QS
Bankers		Barclays Bank Plc
		20 High Street
		Exeter
		EX1 1LX
Solicitors		Michelm ores
		Woodwater	House
		Pynes Hill
		Exeter
		Devon
		EX2 5WR
Investment	Advisor	Charles Stanley		and Company	Limited
		Broadwalk	House
		Southerhay	West
		Exeter
		EX1 1TS

				Endowment	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note				E
Income and endowments		from:
Investments					154,468	154,468	190,645
Total income and	endowments				154,468	154,468	190,645
Expenditure on:
Raising funds				29,227		29,227	30,822
Charitable activities					158,494	158,494	219,860
Total expenditure				29,227	158,494	187„721	250,682
Net expenditure before net
gains/(losses) on investments				(29,227)	(4,026)	(33,253)	(60,037)
Net gains/(losses)	on investments			632,554		632,554	(339,876)
Net income/(expenditure)				603,327	(4,026)	599,301	(399,913)
Transfers between	funds		14	(5,000)	5,000
Net movement in	funds			598,327	974	599,301	(399,913)
Reconciliation of	funds:
Total funds brought	forward			5,751,658	1,281	5,752,939	6,152,852
Net movement in funds				598,327	974	599,301	(399,913)
Total funds carried forward				6,349,985	2,255	6,352,240	5,752,939

						2021		2020
				Note				E
Fixed assets
Investments				10		6,314,736		5,732,461
						6,314,736		5,732,461
Current assets
Debtors					4,437		979
Cash at bank and	in	hand			46,203		33,740
					50,640		34,719
Creditors: amounts		falling due within one
year				12	(13,136)		(14,241)
Net current assets						37,504		20,478
Total assets less	current liabilities					6,352,240		5,752,939
Net assets excluding			pension asset			6,352,240		5,752,939
Total net assets						6,352,240		5,752,939
Charity funds
Endowment funds				14		6,349,985		5,751,658
Restricted funds				14
Unrestricted funds				14		2,255		1,281
Total funds						6,352,240		5,752,939

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
			F
Income	from UK listed investments	154,447	154„447	190,593
Interest	receivable	21	21	52
TOTAL	2021	154,468	154,468	190,645
TOTAL	2020	190,645	190,645

			Endowment	Total	Total
			funds	funds	funds
			2021	2021f	2020 E
Investment	management	fees	29,227	29,227	30,822
TOTAL 2020			30,822	30,822

5.	Analysis	of expenditure	on charitable	activities
	Summary	by fund type

								Unrestricted	Total	Total
								funds	funds	funds
								2021	2021	2020
										F
Grants	payable	to	individuals	and	organisations	in	Devon	158,494	158,494	219,860
TOTAL	2020							219,860	219,860

			Grant
			funding of	Support	Total	Total
			activities	costs	funds	funds
			2021f	2021	2021	2020
Grants payable	to individuals	and
organisations	in Devon		115,946	42,548	158,494	219,860
TOTAL 2020			176,596	43,264	219,860

		Grants	Total	Total
		payable	funds	funds
		2021	2021f	2020 F
Grants	to individuals	115,496	115,496	174,696
Grants	to organisations	450	450	1,900
		115,946	115,946	176,596
TOTAL	2020	176,596	176,596

		Grants	Total	Total
		payable	funds	funds
		2021	2021f	2020
Wages and Salaries		20,077	20,077	19,762
Office and general costs		4,757	4,757	5,454
Premises costs		1,019	1,019	1,556
Professional	Fees	16,695	16,695	16,492
		42,548	42,548	43,264
TOTAL 2020		43,264	43,264

									2021	2020
									E	F
Independent	examination		fees						2,675	2,550
Fees payable	to the	Charity's		independent		examiner	in	respect of:
Other accountancy		and	professional		services provided			by the independent
examiner									14,020	13,942

	2021f	2020 E
Wages and salaries	19,205	18,861
Social security costs	438	443
Other pension costs	434	458
	20,077	19,762

2021	2020
No.	No.
2021	2020
No.	No.

	Office
	equipment
COST OR VALUATION
At 1 June 2020	8,405
At 31 May 2021	8,405
DEPRECIATION
At 1 June 2020	8,405
At 31 May 2021	8,405
NET BOOK VALUE
At 31 May 2021
At 31 May 2020

	Listed	Cash held
	quoted	as part of
	share,	the
	stocks and	investment
	funds	portfoliof	Total
COST OR VALUATION
At 1 June 2020	5,323,983	408,478	5,732,461
Additions	1,542,615		1,542,615
Disposals	(1,310,577)	(246,888)	(1,557,465)
Revaluations	597,125		597,125
At 31 May 2021	6,153,146	161,590	6,314,736

					2021	2020
						E
	DUE WITHIN ONE YEAR
	Prepayments and accrued		income		4,437	979
					4,437	979
12.	Creditors: Amounts	falling due within		one year
					2021	2020
						E
	Accruals and deferred	income			2,696	4,001
	Grants accrued - individual				5,590	5,390
	Grants accrued - institutional				4,850	4,850
					13,136	14,241
13.	Financial instruments
					2021	2020
	FINANCIAL ASSETS
	Financial assets measured		at amortised	cost	46,203	33,740

Statement of	funds (continued)
Statement of	funds - prior year
	Balance at			Transfers	Gains/	Balance at
	1 June 2019	Income	Expenditure	in/out	(Losses)	31 May 2020
	F		E		E
UNRESTR'D
FUNDS
General Funds	496	190,645	(219,860)	30,000		1,281
ENDOWMENT
FUNDS
Endowment
Funds	6,152,356		(30,822)	(30,000)	(339,876)	5,751,658
TOTAL OF
FUNDS	6,152,852	190,645	(250,682)		(339,876)	5,752,939

Analysis of net assets between funds - cur	rent year
	Endowment	Unrestricted	Total
	funds	funds	funds
	2021 f	2021	2021 E
Fixed asset investments	6,314,736		6,314,736
Current assets	35,249	15,391	50,640
Creditors due within one year		(13,136)	(13,136)
TOTAL	6,349,985	2,255	6,352,240

		Endowment	Unrestricted	Total
		funds	funds	funds
		2020	2020	2020
			E
Fixed asset investments		5,732,461		5,732,461
Current	assets	19,197	15,522	34,719
Creditors	due within one year		(14,241)	(14,241)
TOTAL		5,751,658	1,281	5,752,939