| Pages | |||
|---|---|---|---|
| Trustees' | annual report |
1 to 5 | |
| Independent examiner's report to the trustees |
|||
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Notes to the financial | statements | 9to 18 |
| Registered | charity | name | Great Torrington | Commons | Commons | Conservancy | (Common | Lands) |
|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 202804 | ||||||
| Principal office | 25 South Street | |||||||
| Torrington | ||||||||
| Devon | ||||||||
| EX388AA | ||||||||
| The trustees | Jennifer Amanda | Harrison | ||||||
| Sandra Crawley | (Resigned 30April | 2021) | ||||||
| Alan Crawley | (Resigned 21 May | 2021) | ||||||
| Kim Insuall | (Resigned 12May | 2021) | ||||||
| David Nudd | ||||||||
| Adam Kirby |
||||||||
| Gerry Duffy | ||||||||
| Andrew Giles | ||||||||
| Sue Clarke | ||||||||
| Susan Crawley | (Appointed 19October 2022) | |||||||
| Independent | examiner | Catherine Williams |
ACA DChA | |||||
| Westcotts Chartered | Accountants | |||||||
| 47 Boutport Street | ||||||||
| Barnstaple | ||||||||
| Devon | ||||||||
| EX31 1SQ |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Note | funds f |
funds f |
Total funds | Total funds 2 |
|||
| Income and endowments | |||||||
| Donations and legacies Other trading activi5es Investment income |
4 5 6 |
31,852 11,164 6,075 |
11,850 929 |
43,702 12,093 6,075 |
61,710 16,084 5,673 |
||
| Other income | 7 | 34,368 | S4,368 | 29,204 | |||
| Total income | 83,459 | 12,779 | 96,238 | 112,671 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs of raising donations and legacies Expenditure on charitable activities |
8 9,10 |
2,901 65,134 |
495 70 |
S,$96 65,204 |
4,571 79,949 |
||
| Total expenditure | 68,035 | 565 | 68,600 | 84,520 | |||
| Net gains on investments | 12 | 15,223 | 15,22$ | 25,815 | |||
| Net income and net movement | in | funds | 30,647 | 12,214 | 42,861 | 53,966 | |
| Reconciliation offunds |
|||||||
| Total funds brought forward | 226,695 | 3,034 | 2295729 | 175,763 | |||
| Total funds carried forward | 257,342 | 15,248 | 272,590 | 229,729 |
| Statement of Fina 31 March |
ncial P 2022 |
osition | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 2 | ||||||
| Fixed assets | ||||||
| Tangible fixed assets Investments |
17 18 |
50,589 199,776 |
58,973 154,553 |
|||
| 250,365 | 213,526 | |||||
| Current assets | ||||||
| Debtors | 19 | 6,508 | 448 | |||
| Cash at bank and | in | hand | 21,822 | 30,304 | ||
| 28,$$0 | 30,752 | |||||
| Creditors: amounts | falling due within one year | 20 | 6,105 | 14,549 | ||
| Net current assets | 22,225 | 16,203 | ||||
| Total assets less | cunent liabilities | 272,590 | 229,729 | |||
| Net assets | 272,590 | 229,729 | ||||
| Funds ofthe charity Restricted funds |
15,248 | 3,034 | ||||
| Unrestricted funds |
257,342 | 226,695 | ||||
| Total charity funds | 21 | 272,590 | 229,729 |
| impairment activities in Donations |
loss is recognised under the appro which the initial gain was recognised. and legacies |
priate heading in |
the statement | of financial |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds 2 |
Funds 2 |
2022 f |
||
| Donations | ||||
| Donations | 9,547 | 11,000 | 205547 | |
| Legacies Legacies |
22,055 | 22,055 | ||
| Grants | ||||
| Grants received | 250 | 850 | 1,100 | |
| Ringfenced | legal fees track repairs at Mill St | |||
| Common | ||||
| 31,852 | 11,850 | 43,702 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 2 | 2 | |||
| Donations | ||||
| Donations | 8,432 | 8,432 | ||
| Legacies | ||||
| Legacies | ||||
| Grants | ||||
| Grants received | 3,834 | 44,644 | 48,478 | |
| Ringfenced | legal fees track repairs at Mill St | |||
| Common | 4,800 | 4,800 | ||
| 17,066 | 44,644 | 61,710 |
| Other trading a | ctivities | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| 2 | ||||
| Licences | 400 | 400 | ||
| Fundraising events Car boot sales |
70 3,774 |
70 3,774 |
||
| Calendar and leaflet sales |
61 | 61 | ||
| Booksales | 1,698 | 1,698 | ||
| Commemorative | Benches | 929 | 929 | |
| 365Supporters | 5,161 | 5,161 | ||
| 11,164 | 929 | 12,093 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 2 | 2 | 2 | ||
| Licences | 11,400 | 11,400 | ||
| Fundraising events Car boot sales |
318 1,756 |
318 1,756 |
||
| Calendar and leaflet sales |
||||
| Booksales | ||||
| Commemorative | Benches | 500 | 500 | |
| 365Supporters | 2,110 | 2,110 | ||
| 16,084 | 16,084 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |||
| 2 | 8 | 2 | 2 | |||
| Investment | income | 6,069 | 6,069 | 5,651 | 5,651 | |
| Bank interest receivable | 6 | 6 | 22 | 22 | ||
| 6,075 | 65075 | 5,673 | 5,673 | |||
| Other | income | |||||
| Unrestricted | TotalFunds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| 2 | 2 | 2 | ||||
| Ground | rent | 28,760 | 28,760 | 23,847 | 23,847 | |
| Wayleaves | 993 | 993 | 926 | 926 | ||
| Other income | 366 | 366 | ||||
| Subsidies | 4,249 | 4,249 | 4,431 | 4,431 | ||
| 34,368 | 34,368 | 29,204 | 29,204 |
| Year ended 31 lllarch 2022 | |||||||
|---|---|---|---|---|---|---|---|
| 8. | Costs ofraising | donations | and legacies | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| 2 | 2 | 2 | |||||
| Great Tordngton | Commons | 2,901 | 495 | 3,396 | |||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| 2 | 2 | 2 | |||||
| Great Torrington | Commons | 4,571 | 4,571 | ||||
| 9. | Expenditure | on | charitable | activities by fund type | |||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| 2 | 2 | ||||||
| Support costs | 65,134 | 70 | 65,204 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| 2 | 2 | 2 | |||||
| Support costs | 79,635 | 314 | 79,949 | ||||
| 10. | Expenditure | on | charitable | activities by activity type | |||
| Total funds | Total fund | ||||||
| Support costs | 2022 | 2021 | |||||
| 2 | 2 | 2 | |||||
| Commons maintenance |
65,204 | 65,204 | 79,949 | ||||
| 11. | Analysis ofsupport | costs | |||||
| Commons | |||||||
| maintenance 2 |
Total 2022 f |
Total 2021 2 |
|||||
| Staff costs | 37,906 | 37,906 | 35,806 | ||||
| Light &heat | 647 | 647 | 582 | ||||
| Repairs &maintenance | 6,067 | 6,067 | 8,833 | ||||
| Insurance | 1,954 | 1,954 | 2,571 | ||||
| Other establishment Travel costs |
costs | (45) 163 |
(45) 163 |
75 172 |
|||
| Accountancy | 1,770 | 1,770 | 1,753 | ||||
| Administration | Expense | 2,688 | 2,688 | 3,765 | |||
| Depreciation | 16,867 | 16,867 | 19,661 | ||||
| Legal Fees | (4,266) | (4,266) | 5,453 | ||||
| Miscellaneous | expenses | 1,313 | 1,313 | 900 | |||
| Advertising | 140 | 140 | 378 | ||||
| 65,204 | 65,204 | 79,949 |
| 12. | Net gains on investments | Net gains on investments | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||||
| Funds | 2022 | Funds | 2021 | ||||||||||
| Gains/(losses) assets |
on other investment | 15,223 | 15,223 | 25,815 | 25,815 | ||||||||
| 13. | Net income | ||||||||||||
| Net income is stated after | charging/(crediting): | ||||||||||||
| 2022 | 2021 | ||||||||||||
| 2 | 2 | ||||||||||||
| Depreciation | of tangible fixed | assets | 16,667 | 19,661 | |||||||||
| 14. | Independent | examination | fees | ||||||||||
| 2021 | |||||||||||||
| 2 | |||||||||||||
| Fees payable Independent |
to the independent examiner for: examination ofthe financial statements |
1,150 | 1,110 | ||||||||||
| 15. | Staff costs | ||||||||||||
| The total staff costs and employee | benefits for | the reporting | period are analysed as | follows: | |||||||||
| 2022 | 2021 | ||||||||||||
| Wages and salaries | 375906 | 35,806 | |||||||||||
| The average | head count | of employees | during | the year was 4 (2021: | 4).The average | number | of | ||||||
| full-time equivalent employees |
during the year | is analysed as follows: | |||||||||||
| 2022 | 2021 | ||||||||||||
| No. | No. | ||||||||||||
| Number of staff |
1 | 1 |
| 17. | Year Tangible fixed assets |
ended 31 illlarch 2022 | ||
|---|---|---|---|---|
| Equipment | Total | |||
| Cost | ||||
| At 1 April 2021 Additions |
87,647 8,483 |
87&647 8&483 |
||
| At 31 March 2022 | 96,130 | 96,130 | ||
| Depreciation At 1 April 2021 Charge for the year |
28,674 16,867 |
28,674 16,867 |
||
| At 31 March 2022 | 45,541 | 45,541 | ||
| Carrying amount At 31 March 2022 |
50,589 | 50,589 | ||
| At 31 March 2021 | 58,973 | 58,973 | ||
| 18. | Investments | |||
| Other | ||||
| investments | ||||
| Cost or valuation | ||||
| At 1 April 2021 | 154,553 | |||
| Additions | 30,000 | |||
| Other movements | 15,223 | |||
| At 31 March 2022 | 199,776 | |||
| Impairment | ||||
| At 1 Apdl 2021 and 31 March 2022 | ||||
| Carrying amount At 31 March 2022 |
199,776 | |||
| At 31 March 2021 | 154,553 | |||
| All investments shown above are |
held at valuation. | |||
| The historic cost cfthe investments | is2141,276(2021:RtI1,276). |
| 2022 | 2021 | ||
|---|---|---|---|
| 2 | |||
| Trade | debtors | 6,508 | 448 |
| 2022 | 2021 | ||
|---|---|---|---|
| 2 | |||
| Trade creditors | 1 | 1,754 | |
| Accruals and deferred | income | 6,104 | 12,795 |
| 6,105 | 14,549 |
| Unrestricted fun |
ds | |||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 Apr 2021 | Income f |
Expenditure | Transfers | losses $1 | Mar 2022 | |
| General funds Investment |
72,142 154,553 |
83,459 | (68,035) | (30,000) 30,000 |
15,223 | 57,566 199,776 |
| 226,695 | 83,459 | (68,035) | 15,223 | 257,342 | ||
| At | Gains and | At | ||||
| 1 Apr 2020 | Income | Expenditure | Transfers | losses 31 | Mar 2021 | |
| General funds | 55,427 | 68,027 | (84,206) | 32,894 | 72,142 | |
| Investments | 108,738 | 20,000 | 25,815 | 154,553 | ||
| 164,165 | 68,027 | (84,206) | 52,894 | 25,815 | 226,695 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 Apr 2021 2 |
Income 2 |
Expenditure 2 |
Transfers 2 |
losses 31 Nlar 2022 2 f |
||
| Commemorative | ||||||
| benches | 936 | 929 | (70) | 1,795 | ||
| Town Council | ||||||
| grant | 1,855 | 1,855 | ||||
| Commemorative | ||||||
| bench- Mr | ||||||
| Jackson | ||||||
| Playpark | ||||||
| Bridge Repairs | ||||||
| Centenery Bridge |
||||||
| Cavalier Bonfire | 10,000 | 10,000 | ||||
| Monument | 850 | (495) | 355 | |||
| Wl 90th Trees | 1,000 | 1,000 | ||||
| 3,034 | 12,779 | (565) | 15,248 | |||
| At | Gains and | At | ||||
| 1 Apr 2020 | Income | Expenditure | Transfers | losses 31 Mar 2021 | ||
| 2 | 2 | 2 | 2 | |||
| Commemorative | ||||||
| benches | 1,000 | (64) | 936 | |||
| Town Council | ||||||
| grant | 1,855 | 1,855 | ||||
| Commemorative | ||||||
| bench- Mr |
||||||
| Jackson | 243 | |||||
| Playpark | 8,500 | 44,394 | (52,894) | |||
| Bridge Repairs | 125 | (125) | ||||
| Centenery Bridge |
125 | (125) | ||||
| Cavalier Bonfire | ||||||
| Monument | ||||||
| Wl 90th Trees | ||||||
| 11,598 | 44,644 | (314) | (52,894) | 3,034 |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| 8 | 2 | 8 | ||
| Tangible fixed assets | 50,589 | 50,589 | ||
| Investments | 199,776 | 199,776 | ||
| Current assets | 13,082 | 15,248 | 28,330 | |
| Creditors less than | 1 year | (6,105) | (6,105) | |
| Net assets | 257,342 | 15,248 | 272,590 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 2 | 2 | 2 | ||
| Tangible fixed assets | 58,973 | 58,973 | ||
| Investments | 154,553 | 154,553 | ||
| Current assets | 27,718 | 3,034 | 30,752 | |
| Creditors less than | 1 year | (14,549) | (14,549) | |
| Net assets | 226,695 | 3,034 | 229,729 |