## ## ## ## ## ## |||||Page| |---|---|---|---|---| |Charity Information||||| |Trustees'
Report||||| |Statement ofTrustees'|Responsibilities|||| |Independent
Examiner's|Report|||| |Income and Expenditure|Account|||| |Balance Sheet||||| |Statement ofTotal Recognised||Surpluses|and Deficits|| |Notes tothe Financial Statements||||8-12| ## |Board ofTrustees|Board ofTrustees|||Susan Ashworth|Chairman)| |---|---|---|---|---|---| |||||Pack Fletcher|(Vice Chair)| |||||Derek Hexter|| |||||Robert Bryant|| |||||Lit Roberts|| |||||Patrick Parks|| |||||Jeremy Howell|| |||||Richard Jenks|| |||||Phil Bullivant|| |Clerk &Collector||||Lisa Hocking|| |Housing Corporation|||Number|A0542|| |Registered|Charity|Number||203004/2|| |Charity Office||||C/0 4 Castlewood|Avenue| |||||Newton Abbot|| |||||Devon|| |||||TQ12 1NX|| |independent|Examiner|||Sharon
Holman|| |||||3 Eastwood Crescent|| |||||Highweek|| |||||Newton
Abbot|| |||||Devon|| |||||TQ12 1NZ|| |Bankers||||Lloyd s|| |||||41Courtenay Street|| |||||Newton
Abbot|| |||||Devon|| |||||TQ122QW|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Notes|2020||2019|| |---|---|---|---|---|---|---|---|---| |Turnover||||1(b)||||| |Rents and contributions|receivable from residents||||39,277||36,383|| |Less: Rent losses from|voids||||( 976)|38,301|(2,942)|33,441| |||||||38,3D1||33,441| |Operating costs||||||||| |Services||||4|6,590||6,307|| |Management||||4|8,778||8,842|| |Major repairs expenditure||||16|0||13,768|| |Routine maintenance|||||2,677||1,482|| |Fire risk and security|||||2,468||1,316|| |Community
room|||||890||446|| |Expenses for empty Ilats|||||69||1,167|| |Depreciation|||||505||505|| |||||||21,977||33,833| |Operating
surplus / (degclt) on letting acthiltias||||||16,324||(392)| |Interest receivable
and|other||income|||(3,683)||2,640| |Interest payable and similar charges||||||||| |Charitable
donations||||||||| |Surplus /(deficit) on ordinary|||activates before taxation|||12,641||2,248| |Taxation||||||||| |Surplus/
(degcit) for the||year||||12,641||2,248| |Transfer to designated|reserves|||16||(11,0D8)||(10,336)| |Transfer from designated||reserves||16||0||1.3,768| |||||||1,633||5,680| |Revenue reserve brought||forward||||||| |Revenue reserve carried||forwards||16||1,633||48,S83| ## ## |||||Notes|2020||2019|| |---|---|---|---|---|---|---|---|---| |Fixed assets||||||||| |Housing properties||||10||16,029||16,534| |Investments||||11||93,591||85,211| |||||||109,620||101,745| |Current assets||||||||| |Debtors||||12|1,934||689|| |Cash at bank and in||hand||13|28,885||16,722|| ||||||30,819||17,411|| |Creditors: accounts||falling due within one year||14|(907)||(647)|| |Net current|assets|||||29,912||16,764| |Total assets|less current||liabilities|||139,532||118,509| |Creditors: amounts||falling due after more than||||||| |one year||||15||||| |Net assets||||||139,532||118,309| |Capital and|reserves|||||||| |investment|revaluation||reserve|16||70,452||62,071| |Designated|reserves|||16||18,864||7,855| |Revenue
reserve||||16||50,216||48,583| |||||||f39,5R2||18,509| ## ## |||||2020|2019| |---|---|---|---|---|---| |||||E|E| |Surplus /|(deficit) for the year|||12,641|5,680| |Unrealised|surplus / (deficit) on revaluation||ofinvestments|8,381|12,063| |Total recognised (deficits) and surpluses||for the year|||| |and since|the last annual
report|||21,022|17,743| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Staffcosts||||||||||||||||2020|2019| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||||E|E| |Clerk's honorarium|||and|expenses||||||||||||7,602|7,275| |Cleaner's wages||||||||||||||||2,609|2,430| |||||||||||||||||10,211|9,705| |Average number||of|employees|||during|||the|year||||||1|2| |Services and management|||||expenses|||||||||||2020|2019| ||||||||||Financial||||||||| ||||||||||and||||||Housing||| ||||||||||admin||||Services||Management||| |||||||||||E|||f||6||| |Staffcosts|||||||||||||||||| |Clerk's honorarium|||and|expenses|||||1,520|||||760|5,322|7,602|7,276| |Cleaner's wages|||||||||||||2,609|||2,609|2,430| |Training courses|||||||||||||||||| |Estate costs|||||||||||||||||| |Insurance|||||||||||||||1,589|1,589|2,089| |Gardening|||||||||||||2,240|||2,240|2,234| |Sundry||||||||||||||514||514|500| |Ofgce overheads|||||||||||||||||| |Advertising||||||||||||17||||17|275| |Computer
expenses|||||||||||212|||||212|| |Professional fees|||||||||||240|||||240|| |Audit and accountancy||||fees|||||||345|||||345|345| ||||||||||2,334||||6,123||6,911|15,368|15,149| |Apportionment|offinance||||and||||||||||||| |administration
expenses|||||||||( 2,334)|||||467|1,867||| ||||||||||||||6,590||8,778|15,368|15,149| |Interest receivable|||and|other||income||||||||||2020|2019| |Other investment||income||||||||||||||757|770| |Contribution
to|Highweek||||General||Charity|||||||||( 2,255)|( 1,755)| |Contribution
to|Highweek||||Parish||Lands|||||||||( 2,185)|3,625| |||||||||||||||||( 3,683)|2,640| |Interest payable||and similar charges||||||||||||||2020|2019| |On loans wholly|or||partly||repayable|||in|more|||than|five years||||| |Charitable donations||||||||||||||||2020|2019| ## ||||FOR THE YEAR ENDED 31DECEMBER 2020|FOR THE YEAR ENDED 31DECEMBER 2020||| |---|---|---|---|---|---|---| |8.|Surplus on ordinary|activities before taxation|||2020|2019| ||||||E|E| ||The surplus on ordinary||activities before taxation|isstated after||| ||charging:|||||| ||Independent
Examiner's||remuneration||345|345| ||Depreciation||||505|505| ||||||850|850| |9.|Taxation|||||| ||The activities ofthe charity are exempt from corporation tax.|||||| |10.|Fixed assets||||2020|2019| ||||||Completed|Completed| ||||||Freehold|Freehold| ||||||Housing|Housing| ||||||Properties|Properties| ||Cost|||||| ||As at 1January 2020||||200,804|200,804| ||Additions|||||| ||Less: Housing Association||grants|||| ||As at 1January 2020||||175,549|175,549| ||Additions|||||| ||As at31December 2020||||25,255|25,255| ||Depreciation|||||| ||As at 1January 2020||||8,721|8,216| ||Charge for the year||||505|505| ||As at 31December 2020||||9,226|8,721| ||Net book value|||||| ||As at 31December 2020||||16,029|16,534| ||As at 31December 2019||||16,534|17,039| ## ## ## ## |Creditors:
after more|Amounts
falling
than one year|due|||||2020
6|2019
6| |---|---|---|---|---|---|---|---|---| |None||||||||| |Reserves|||||2020|||2019| ||||Cendna ted|Reserves||||| ||||Cycscal|rstraordtnesy|Revenue|Investment|Total|| ||||Matntenante|Reuair|Reserve|Revaluanun||| ||||Fund|Fund||||| ||||f.|||||| |Balance at 1January
2020
Surplus/(deAcit)
forthe year
Transfers todesignated
funds
Transfers from designated
funds
Unreailsed
surplus/(deficit)
on|||(2,731)
6,832|10,587
4,176|48,583
12,641
( 11,008)|62,071|110,654
12,641
( 11,008)|92,911
2,248
( 10,336)
13,768| |Revaluation
Balance at|of investments
31December 2020||4,101|14,763|50,216|8,381
70,452|8,381
120,668|12,063
110,654| ## ## ## ## |11.|Investments||Cavities|CharlnCO|COmman|COmman|COIF Charltlas|Investment|| |---|---|---|---|---|---|---|---|---|---| ||||Inv Fund|Investment||Fund|Fund||| ||||rvccurn|Olstrlhution|||Income|accumulation|| ||||units|units|||units|units|Total| ||||||||||f| ||Co*||||||||| ||As at 1January 2020||2,500||||10,000|8,242|20,742| ||Additions||||||||| ||Disposals||||||||| ||As at31December 2020||2,500||||10,000|8,242|20,742| ||Number ofunits held||No,|No.|||No.|No,|| ||As at 1January 2020||38.00||130.76||1,396.90|285.73|| ||Additions||||||||| ||Disposals||||||||| ||As at 31December 2020||38.00||130.76||1,396.90|285.73|| ||Market value||||||||| ||As at31December 2020||9,258|||258|25,160|58,916|93,592| ||As at31December 2019||7,718|||249|23,595|53,649|85,211| |12.|Debtors||||||2020||2019| ||||||||f||f| ||Prepayments||||||1,934||689| ||||||||1,934||689| |13.|Cash at bank and in|hand|||||2020||2019| ||COIF Charity Funds Deposit Account||||||9,945||9,195| ||Lloyds current account||||||18,940||7,527| ||||||||28,885||16,722| |14.|Creditors: Amounts|falling due within|one year||||2019||2018| ||Other creditors
and accruala||||||907||647| ## ## # # ## ## # ## ## ## ## |||||FOR THE YE|AR ENDED 31|DECEMBER|2020|||| |---|---|---|---|---|---|---|---|---|---|---| ||||Note|Receipts|||||Payments|| |||||2D20|2019|||2020||2019| ||||||E|||f||f| |Balance|at Lloyds|Bank||||Donations||||| |at1January 202D||||||Payments|to parishioners|150.00||72D.00| |Highweek|Parish|Lands||11,737.58|13,335.68|Other payments||||| |||||||Clerk's honorarium||2,415AS||2,432.53| |||||||Field expenses:||||| |||||||Water rates - trough||7S.34||77.62| |||||||General
repairs||120.00||74.34| |||||||Hedge trimming||250.00||240.00| |||||||Tree|removal|||550.00| |||||||Insurance||||541.59| |||||||Transfers|to:|||| |||||11,757.58,
. 8||Gilberd's|House|3,013.S2||6,157.03
1D,793.11| |Income||||||||||| |income from investments|||1|385.41|407.49|||||| |||||||Balance at Uoyds Bank||||| |Allotment|rentals|||528.00|601.00|at31December 2D20||||| |Received|from closed charity||||825.81|Highweek|Parish Lands|15,453.47||11,737.58| |Transfers|from:|||||||||| |Leaman Bequest||||3,380.82|4,188.18|||||| |Highweek|General|||250.00|620.00|||||| |Gilberd's|Almshouses|||2,185.4S|2,552.53|||||| |||||6,729.71|9,19S.01|||12A55.57||11,737.58| |||||18267.29|22,530.69|||.|9|22,535.69| ## ## ||Schedule ofinvestments||||||| |---|---|---|---|---|---|---|---| ||||HOLDING|||VALUE|| |||2020||2019|2020||2019| ||||||||E| ||Equities Investment
Fund|575.248||575.248|250.00||9,553.09| ||for Charities
Linits - Charifund||||||| ||Land at Pound Park and Pftt Hill Field (Valued August 2018)||||29,000.00||29,000.00| ||Figure for2018is ot the 2004 voiuotion||||||| ||Land - Parish Meadow (at cost)||||52,377.00||52,377.00| ||||||78,34||9D,93D.09| |2|Schedule ofInvestment
Income||||||| ||Equities Investment
Fund||||||| ||for Charities
Units - Charifund||||385.41||407.49| ||||||635.41||40749| |3|Balances due toother charities||||||| ||Highweek
Ecclesiastical
Charity||||635.73||582.93| ||||||685.73||582.93| # # ## ## ## ## ## ## ## ## ## ## ## ## ||||FORTHE YEAR|ENDED 31|DECEMBER2020|DECEMBER2020||| |---|---|---|---|---|---|---|---|---| |||Note|Receipts||||Payments|| ||||2020|2019|||2020|2019| ||||E|E|||E|E| |Balance at|Lloyds Bank|||||||| |at 1Ianuary2020||||||||| |Highweek|Relief in Need|||||||| |Charity Business||||||||| |Instant Access Account|||40.20|40.20||||| ||||40.20|40.20|||0.00|0.00| |Income||||||||| |Income from investments||||||||| ||||||Balanoa at|Lloyds Bank||| |Deposit account interest||1|0.00|0.00|at 31December 2020|||| ||||||Highweek|Relief in Need||| ||||||Charity Business|||| ||||||Instant Access Account||40.20|40.20| |||||0.00|||4a20|40.20| ||||40.20|40.20|||40.20|40.20| ## ## ## ||||2020|2019| |---|---|---|---|---| |1|Schedule|ofinterest received||| ||i-lighweek|Relief in Need Charity deposit account|0.00|0.00| |||||0.00| ## ## ## ## ## ## ## ## |||Nate||Receipts||||Payments|| |---|---|---|---|---|---|---|---|---|---| ||||2020||2019|||2020|2019| ||||E|||||E.|E| |Balance at Uoyds Sank|||||||||| |at 11anuary 2020|||||||||| |Highweek|Feoffees||8,945.89||9,389.65|Clerk's honararium||2,415.48|2,432.53| |Treasurers|account||79.41||79A1|Accountancy||230.0D|230.00| |Highweek|General Chanty|||||Purchase oflaptop|||545.62| |Treasurers|account||1,0S6.82||1,725.90||||| |||||||i2uinquennial
Report|||| |||||||Transfersto:|||| |||||||The Parish Lands Charity||250.0D|620.00| |||||||Gilberd's Almshouses||39D.DD|1,637.64| ||||10,ยป2.||||||5,465,79| |Income|||||||||| |Income from mvestments||2|423.66||555.92|Balance at Uoyds Bank|||| |||||||at31December 2020|||| |Interest received|||||||||| |||||||Highweek
Feaffees|||| |||||||Treasurers accaunt||10,36S.65|8,945.89| |Transfers|from:||||||||| |The Parish|lands Chadity|||||Treasurers accaunt||79Al|79.41| |Leaman Bequest|||1,422.76||1,394.5D||||| |Gilberd's Almshouses|||2,645AS||2,432.53|Highweek
General|Charity||| |||||||Treasurers account||870AB|1,086.82| ||||4A91.90||4,3S2.95|||11,318,54|1D.112.12| ||||14,604.02||15,577.91|||14,604.02|15,577.91| ## ## ## |||||||HOLDING|||VALVE|| |---|---|---|---|---|---|---|---|---|---|---| ||||||2020||2019|2020||2019| |||||||||f||f| ||Charities|Fixed||||||||| ||Interest|Fund Units|||5,384.40||5,384.40|7,655.54||7,179.02| ||NAACIF|||||||||| ||Accumulation
Units||||534.00||534.00|49,403.38||43,156.33| ||Charities|Deposit Fund||||||230.83||| ||Charities|Investment|fund|||||||| ||Investment
Units||||354.83||354.83|6,390.99||5,993.29| |||||||||||56,35 .| |2|Schedule|of Investment||income||||||| ||Charities|Fixed||||||||| ||Interest|Fund Units||||||239.08||239.08| ||Charities|Deposit Fund||||||0.61||0.45| ||Chanties|Investment|Fund|||||||| ||Investment
Units|||||||183.97||316.39| |||||||||423.66||555.92|