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|---|---|---|---|---|
|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||||
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|||||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|
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|||||||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|
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|||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||
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||||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||
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||||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||
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|||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||
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|||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||
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||||||||||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.|
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||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||
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||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|
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||||||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|
##
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|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|
##
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|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|
##
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|||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|