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|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees' Report||2to5|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|7to 10|
|Statement ofFinancial|Activities||
|Balance Sheet||12|
|Cash Flow Statement||13|
|Notes to the Financial|Statements|14to 26|
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|Nominative|Trustees||Ms V de Galleani|||
|---|---|---|---|---|---|
||||Mr M Rowley (appointed||13December 2021)|
|Publically|Nominated|Trustees|Mr RSpringett|||
||||Mrs JCawley, Chair|||
||||Mrs BFleet|||
||||Mr JH O'Keeffe (resigned||31January 2022)|
||||Mr BFrench|||
||||Mr M Tremlett|||
||||Mr G Hardy|||
||||Ms L Osgood, Vice|Chair||
|Principal Office|||First Floor|||
||||3 The Quay|||
||||Dartmouth|||
||||Devon|||
||||TQ6 9PS|||
|Charity Registration||Number|203399|||
|Solicitors|||Foot Anstey LLP|||
||||2 Glass Wharf|||
||||Bristol|||
||||BS2OFR|||
|Bankers|||National
Westminster|Bank pic||
||||Paignton|||
||||15Victoria St|||
||||Paignton|||
||||Devon|||
||||TQ4 5DE|||
|Auditor|||Thompson
Jenner LLP|||
||||1 Colleton Crescent|||
||||Exeter|||
||||Devon|||
||||EX24DG|||
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|Statement|ofFinancial Activi|ties for th|e Year Ended|30April 202|2|
|---|---|---|---|---|---|
||||||Total|
|||Unrestricted||Endowment|2022|
||Note|||||
|Income and Endowments|from:|||||
|Donations
and legacies|||328,938||328,938|
|Charitable
activities|||136,961||136,961|
|Investment
income|||8,394||8,394|
|Total income|||474,293||474,293|
|Expenditure
on:||||||
|Charitable
activities|5,|6,7, 8|(210,205)||(210,205)|
|Total expenditure|||(210,205)||(210,205)|
|Net income|||264,088||264,088|
|Other recognised
gains and losses||||||
|Net gains on investments||14|3,784||3,784|
|Net movement
in funds|||267,872||267,872|
|Reconciliation
offunds||||||
|Total funds brought'forward|||3,067,221|1,680,000|4,747,221|
|Total funds carried forward||18|3,335,093|1,680,000|5,015,093|
||||||Total|
|||Unrestricted||Endowment|2021|
||Note|||||
|Income and Endowments|from:|||||
|Donations
and legacies|||342,510||342,510|
|Charitable
activities|||125,524||125,524|
|Investment
income|||8,386||8,386|
|Total income|||476,420||476,420|
|Expenditure
on:||||||
|Charitable
activities|5,|6,7, 8|(175,603)||(175,603)|
|Total expenditure|||(175,603)||(175,603)|
|Net income|||300,817||300,817|
|Other recognised
gains and losses||||||
|Net gains on investments||14|36,620||36,620|
|Net movement
in funds|||337,437||337,437|
|Reconciliation
offunds||||||
|Total funds brought
forward|||2,729,784|1,680,000|4,409,784|
|Total funds carried forward||18|3,067,221|1,680,000|4,747,221|
|All ofthe charity's
activities|derive trom continuing|operations|during the above|two periods.||
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||Balance Sheet as at|30April 2022|||
|---|---|---|---|---|
||||2022|2021|
|||Note|||
|Fixed assets|||||
|Tangible assets||13|3,900,849|3,483,897|
|Investments||14|264,772|259,543|
||||4,165,621|3,743,440|
|Current assets|||||
|Debtors||15|10,481|12,809|
|Cash at bank and in hand||16|845,738|999,639|
||||856,219|1,012,448|
|Creditors: Amounts|falling due within one year|17|(6,747)|(8,667)|
|Net current assets|||849,472|1,003,781|
|Net assets|||5,015,093|4,747,221|
|Funds ofthe charity:|||||
|Endowment|||1,680,000|1,680,000|
|Unrestricted|||3,335,093|3,067,221|
|Total funds||18|5,015,093|4,747,221|
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|Cash|F|low Statem|ent for the Y|ear Ended 30|April 2022||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|||
|Cash flows from operating||activities|||||
|Net cash income|||||267,872|337,437|
|Adjustments
to cash flows from non-cash|||items||||
|Investment
income||||4|(8,394)|(8,386)|
|Revaluation
ofinvestments||||14|(3,784)|(36,620)|
||||||255,694|292,431|
|Working capital adjustments|||||||
|Decrease in debtors||||15|2,328|522|
|Decrease in creditors||||17|(2,609)|(7,483)|
|Increase/(decrease)
in deferred income|||||689|(39)|
|Net cash flows fi.om operating||activities|||256,102|285,431|
|Cash flows from investing|activities||||||
|Interest receivable
and similar income||||4|8,394|8,386|
|Purchase oftangible fixed|assets|||13|(416,952)|(190,985)|
|Purchase ofinvestments||||14|(1,445|(1,445)|
|Net cash flows f'rom investing||activities|||(410,003)|(184,044)|
|Net (decrease)/increase
in|cash and cash equivalents||||(153,901)|101,387|
|Cash and cash equivalents|at|1 May|||999,639|898,252|
|Cash and cash equivalents|at|30April|||845,738|999,639|
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|||||Unrestricted||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||General|Other|2022|2021|
|Donations|and|legacies;||||||
|The Dartmouth|||Trust|304,396||304,396|326,822|
|Grants, including|||capital grants;|||||
|Government||grants||1,542||1,542|15,688|
|Grants|from|companies|||23,000|23,000||
|||||305,938|23,000|328,938|342,510|
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|3|Income fr|om c|haritable
activities||||
|---|---|---|---|---|---|---|
|||||Unrestricted|||
||||||Total|Total|
|||||General|2022|2021|
||Contributions|paid by residents||125,561|125,561|116,074|
||Car parking|||9,030|9,030|8,680|
||Guest Suite|||1,630|1,630|290|
||Laundry
income|||740|740|480|
|||||136,961|136,961|125,524|
|4|Investment|income|||||
|||||Unrestricted|||
||||||Total|Total|
|||||General|2022|2021|
|Interest receivable|||on bank deposits|599|599|730|
|Other income||fiom|fixed asset investments|7,795|7,795|7,656|
|||||8,394|8,394|8,386|
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|5
Direct Costs||||||
|---|---|---|---|---|---|
|||||Total|Total|
|||||2022|2021|
|Call 24||||1,507|1,235|
|Cleaning
and removal||costs||468|110|
|Television licences||||524|570|
|Property
and contents||insurance||5,402|4,635|
|Health and safety||||6,598|1,785|
|Gas and electric||||10,709|17,117|
|Water charges||||4,780|6,423|
|||||29,988|31,874|
|6
Support Costs||||||
|||||Total|Total|
|||||2022|2021|
|Legal and professional||fees||10,458|10,150|
|Advertising||||454|459|
|Sundry expenses||||2,383|844|
|Staff training||||75||
|Subscriptions
to Almshouses|||Association|319|305|
|Trustee indemnity|insurance|||272|843|
|Property repairs and refurbishments||||33,740|15,149|
|Wages and salaries||||26,845|30,090|
|||||74,546|57,841|
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||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|Governance|Auditors'|remuneration|2,600||2,600|2,600|
|Governance|Auditors'|non audit costs|1,810||1,810|1,600|
|Governance|expense|- wages and salaries|2,983||2,983|3,343|
||||7,393||7,393|7,543|
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|Analysis o|fgrants||||
|---|---|---|---|---|
||||2022|2021|
|Analysis|||||
|Individuals|donations||4,930|2,188|
|Citizens Advice South||Hams|16,490|15,000|
|Dartmouth|Caring||60,000|50,000|
|Dartmouth|Community|Chest|840||
|Youth Genesis|||7,998||
|Dartmouth|Academy||8,020|10,020|
|Dartmouth|Pre-school|||1,017|
||||98,278|78,225|
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||||2022|2021|
|---|---|---|---|---|
|Audit|fees||2,600|2,600|
|Other|non-audit|services|1,990|1,600|
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|11 Staffcosts
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2022|2021|
|Staff costs during the year were:|||
|Wages and salaries|29,828|33,433|
|2022|2021|
|---|---|
|No|No|
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|13 Tangible fixed assets|||
|---|---|---|
||Land and||
||buildings|Total|
|Cost|||
|At 1 May 2021|3,483,897|3,483,897|
|Additions|416,952|416,952|
|At 30April 2022|3,900,849|3,900,849|
|Depreciation|||
|At 30April 2022|||
|Net book value|||
|At 30April 2022|3,900,849|3,900,849|
|At 30April 2021|3,483,897|3,483,897|
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|||Listed||
|---|---|---|---|
|||investments|Total|
|Cost or Valuation||||
|At 1 May 2021||259,543|259,543|
|Revaluation||3,784|3,784|
|Additions||1,445|1,445|
|At 30April 2022||264,772|264,772|
|Net book value||||
|At 30April 2022||264,772|264,772|
|At 30April 2021||259,543|259,543|
|The investments|are held in amixed portfolio.|||
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|15 Debtors||||
|---|---|---|---|
|||2022|2021|
|Trade debtors||654|545|
|Prepayments|and accrued income|9,827|12,264|
|||10,481|12,809|
|16 Cash and|cash equivalents|||
|||2022|2021|
|Cash on hand||17||
|Cash at bank||845,721|999,639|
|||845,738|999,639|
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|17 Creditors: amounts
falling due within one year|||
|---|---|---|
||2022|2021|
|Trade creditors|77|831|
|Other creditors|1,598|2,113|
|Accruals for grants payable||1,340|
|Accruals|5,072|4,383|
||6,747|8,667|
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|18 Funds|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Other|Balance at|
||||Balance at 1|Incoming|Resources||recognised|30April|
||||May 2021|resources|expended|Transfers|gains/(losses)|2022|
|Unrestricted|funds||||||||
|General|||||||||
|Income Account|||200,000|451,293|(210,205)|(244,872)|3,784|200,000|
|Other|||||||||
|Extraordinary
repair|||69,442|||14,526||83,968|
|Cyclical maintenance|||||||||
|fund||||||12,890||12,890|
|New property|||993,883|||(176,497)||817,386|
|Realised capital reserve|||100,227|||||100,227|
|Unrealised|revaluation||||||||
|reserve|||300,112|||||300,112|
|Property reserve|||1,403,557|23,000||393,953||1,820,510|
||||2,867,221|23,000||244,872||3,135,093|
|Total unrestricted||funds|3,067,221|474,293|(210,205)||3,784|3,335,093|
|Endowment|funds||||||||
|Permanent|||||||||
|Endowment|funds||1,680,000|||||1,680,000|
|Total funds|||4,747,221|474,293|(210,205)||3,784|5,015,093|
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|funds as any|surplus|is availa|ble
for general p|urposes.|||||
|---|---|---|---|---|---|---|---|---|
||||Balance at||||Other|Balance at|
||||1May|Incoming|Resources||recognised|30April|
||||2020|resources|expended|Transfers|gains/(losses)|2021|
|Unrestricted|funds||||||||
|General|||||||||
|Income Account|||200,000|476,420|(175,603)|(337,437)|36,620|200,000|
|Other|||||||||
|Extraordinary
repair|||57,250|||12,192||69,442|
|New property|||859,623|||134,260||993,883|
|Realised capital reserve|||100,227|||||100,227|
|Unrealised|revaluation||||||||
|reserve|||300,112|||||300,112|
|Property reserve|||1,212,572|||190,985||1,403,557|
||||2,529,784|||337,437||2,867,221|
|Total unrestricted||funds|2,729,784|476,420|(175,603)||36,620|3,067,221|
|Endowment|funds||||||||
|Permanent|||||||||
|Endowment|funds||1,680,000|||||1,680,000|
|Total funds|||4,409,784|476,420|(176,6033|-|36,620|4,747,221|
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|||||Endowment|Total funds at|
|---|---|---|---|---|---|
|||Unrestricted|funds|funds|30April|
|||General|Other|Permanent|2022|
|Tangible|fixed assets||2,220,849|1,680,000|3,900,849|
|Fixed asset investments|||264,772||264,772|
|Current|assets|206,747|649,472||856,219|
|Current|liabilities|(6,747)|||(6,747)|
|Total net assets||200,000|3,135,093|1,680,000|5,015,093|
|||||Endowment|Total funds at|
|||Unrestricted|funds|funds|30April|
|||General|Other|Permanent|2021|
|Tangible|fixed assets||1,803,897|1,680,000|3,483,897|
|Fixed asset investments|||259,543||259,543|
|Current|assets|208,667|803,781||1,012,448|
|Current|liabilities|8,667)|||(8,667)|
|Total net assets||200,000|2,867,221|1,680,000|4,747,221|
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