##
##
|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees' Report||2to5|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|7to 10|
|Statement ofFinancial|Activities|11to 12|
|Balance Sheet||13|
|Cash Flow Statement||14|
|Notes to the Financial|Statements|15to 28|
##
|||||Reference and Administrative|Reference and Administrative|Reference and Administrative|Details|
|---|---|---|---|---|---|---|---|
|Ex-Officio||Trustees||Reverend A Langley||||
|Nominative||Trustees||Mr JH O'Keeffe||||
|||||Ms D Shepherd||||
|||||Ms LOsgood (appointed||26 January 2022)||
|||||Mrs BFleet (resigned|11|January|2022)|
|Publically||Advertised||Mr JEllwood||||
|||||Mr RGoodall||||
|||||Mr A Jarrold||||
|||||Mr J Sutton-Scott- Tucker||||
|||||Mr GLucas||||
|Charity Registration|||Number|203402||||
|Principal|Office|||First Floor||||
|||||3 The Quay||||
|||||Dartmouth||||
|||||Devon||||
|||||TQ6 9PS||||
|Auditor||||Thompson
Jenner LLP||||
|||||1 Colleton Crescent||||
|||||Exeter||||
|||||Devon||||
|||||EX24DG||||
|Solicitors||||Foot Anstey LLP||||
|||||2 Glass Wharf||||
|||||Bristol||||
|||||BS2OFR||||
|Bankers||||National
Westminster|Bank pic|||
|||||Paignton||||
|||||15Victoria St||||
|||||Paignton||||
|||||Devon||||
|||||TQ4 5DE||||
##
##
##
##
##
##
##
##
##
|ble below simplifies
the data in th|e a|ccounts:|||
|---|---|---|---|---|
||||2022|2021|
||||f,000|f000|
|Gross property
income received|||487|520|
|Income from other investments|||265|229|
|Grant income, other income|||||
|Expenditure
on operational
overheads||and governance|(131)|(170)|
|Transfers
and expenditure
funded|by|other reserves|99|25|
|Net income, payable to beneficiaries|||720|609|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Total|
|---|---|---|---|---|---|
||||Unrestricted|Endowment|2022|
|||Note||||
|Income and Endowments|from:|||||
|Rental income|||486,624||486,624|
|Investment
income|||264,925||264,925|
|Other income|||830||830|
|Total income|||752,379||752,379|
|Expenditure
on:||||||
|Operational
overheads|||(126,203)||(126,203)|
|Appropriation
to beneficiaries|||(719,831)||(719,831)|
|Governance|||(5,495)||(5,495)|
|Total expenditure|||(851,529)||(851,529)|
|Gains/losses
on investment|assets||(19,944)|100,950|81,006|
|Net movement
in funds|||(119,094)|100,950|(18,144)|
|Reconciliation offunds||||||
|Total funds brought forward|||439,950|12,225,827|12,665,777|
|Total funds carried forward||17|320,856|12,326,777|12,647,633|
##
##
|Comparative
ofthe S|tatement ofF|inancial Activiti|es for the Year|Ended 30Septe|mber 2020|
|---|---|---|---|---|---|
||||||Total|
||||||2021|
|||Note||||
|Income and Endowments|from:|||||
|Donations
and legacies|||2,058||2,058|
|Rental income|||520,387||520,387|
|Investment
income|||229,365||229,365|
|Other income|||3,595||3,595|
|Total income|||755,405||755,405|
|Expenditure
on:||||||
|Operational
overheads|||(166,738)||(166,738)|
|Appropriation
to beneficiaries|||(608,792)||(608,792)|
|Governance|||(4,875)||(4,875)|
|Total expenditure|||(780,405)||(780,405|
|Gains/losses
on investment|assets||57,688|1,103,622|1,161,310|
|Net movement
in funds|||32,688|1,103,622|1,136,310|
|Reconciliation offunds||||||
|Total funds brought
forward|||407,262|11,122,205|11,529,467|
|Total funds carried forward||17|439,950|12,225,827|12,665,777|
##
##
|||Balance|Sheet as at 30|September 20|22||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|||
|Fixed assets|||||||
|Tangible assets||||12|57,199|57,199|
|Investments||||13|12,822,454|12,741,448|
||||||12,879,653|12,798,647|
|Current assets|||||||
|Debtors||||14|196,861|180,258|
|Cash at bank|and in hand||||161,799|422,000|
||||||358,660|602,258|
|Creditors: Amounts||falling due within|one year|15|(590,680)|(735,128|
|Net current|liabilities||||(232,020)|(132,870)|
|Net assets|||||12,647,633|12,665,777|
|Funds ofthe|charity:||||||
|Endowment|funds||||12,326,777|12,225,827|
|Unrestricted|income|funds|||||
|Unrestricted|funds||||320,856|439,950|
|Total funds||||17|12,647,633|12,665,777|
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Note|||
|Cash flows from operating|activities|||||
|Net cash (expenditure)/income||||(18,144)|1,136,309|
|Adjustments
to cash flows||||||
|Investment
income||||(264,925)|(229,365)|
|Profit on disposal ofinvestments|||||(336,322)|
|Revaluation
ofinvestments||||(81,006)|(824,987)|
|||||(364,075)|(254,365)|
|Working capital adjustments||||||
|(increase)/decrease
in debtors|||14|(16,603)|55,738|
|(Decrease)/increase
in creditors|||15|(144,448)|122,115|
|Net cash flows kom operating||activities||(525,126)|(76,512)|
|Cash flows from investing
activities||||||
|Interest receivable
and similar||income|4|264,925|229,365|
|Purchase ofinvestments|||13||(2,056,595)|
|Sale proceeds ofinvestments|||||2,007,745|
|Net cash flows &om investing||activities||264,925|180,515|
|Net (decrease)/increase
in cash||and cash equivalents||(260,201)|104,003|
|Cash and cash equivalents
at|1|October||422,000|317,997|
|Cash and cash equivalents
at|30 September|||161,799|422,000|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2|Income|from||grants, donations
and legacies||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||2022|2021|
|Grants, including||||capital grants;||||
||Furlough|grant||income|||2,058|
||||||||2,058|
|3|Income|from||other trading activities||||
||||||Unrestricted|||
||||||funds|Total|Total|
||||||General|2022|2021|
|Property rental income|||||486,624|486,624|520,387|
||||||486,624|486,624|520,387|
|4|Investment||income|||||
||||||Unrestricted|||
||||||funds|Total|Total|
||||||General|2022|2021|
|Other income &om fixed asset investments|||||264,925|264,925|229,365|
##
##
##
|5
Operation|al
overheads|||||
|---|---|---|---|---|---|
|||||Total|Total|
|||||2022|2021|
|Office costs||||4,573|4,183|
|Professional|fees|||48,129|59,991|
|Insurances||||28,759|20,773|
|In.ecoverable|VAT|||1,774||
|Void costs||||2,788||
|Property repairs, maintenance||and|H&S|29,888|49,096|
|Bank charges||||392||
|Wages and Salaries||||19,234|22,950|
|Pension cost||||2,666|2,688|
|Bad debts written offand provision|||movements|(12,000)|6,612|
|||||126,203|166,738|
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||||2022|2021|
|Dartmouth|United Charities||||359,915|304,396|
|The Ecclesiastical Share ofThe Dartmouth|||Trust||239,944|202,931|
|The Public|Purposes|Share ofThe Dartmouth||Trust|119,972|101,465|
||||||719,831|608,792|
##
##
##
##
|Governance|costs||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Total|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|Governance|Auditors'|remuneration|3,000||3,000|3,000|
|Governance|Auditors'|non audit costs|2,495||2,495|1,875|
||||5,495||5,495|4,875|
##
||||2022|2021|
|---|---|---|---|---|
|Audit|fees||3,000|3,000|
|Other|non-audit|services|2,495|1,875|
##
##
##
##
|10 Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2022|2021|
|Staff costs during the year were:|||
|Wages and salaries|19,234|22,950|
|Pension costs|2,666|2,688|
||21,900|25,638|
|2022|2021|
|---|---|
|No|No|
##
##
|12 Tangible fixed assets||||
|---|---|---|---|
||Land and|Furniture
and||
||buildings|equipment|Total|
|Cost||||
|At 1 October 2021|57,199|11,578|68,777|
|At 30 September 2022|57,199|11,578|68,777|
|Depreciation||||
|At 1 October 2021||11,578|11,578|
|At 30 September 2022||11,578|11,578|
|Net book value||||
|At 30 September 2022|57,199||57,199|
|At 30 September 2021|57,199||57,199|
##
|13 Fixed asset investments|||
|---|---|---|
||2022|2021|
|Investment
propeities|5,740,001|5,740,001|
|Other investments|7,082,453|7,001,447|
||12,822,454|12,741,448|
|Investment
properties|||
|||Investment|
|||properties|
|Cost or Valuation|||
|At 1 October 2021||5,740,001|
|At 30 September 2022||5,740,001|
|Net book value|||
|At 30 September 2022||5,740,001|
|At 30 September 2021||5,740,001|
##
##
##
|Other investments|||||||
|---|---|---|---|---|---|---|
|||||Endowed|Non endowed||
|||||investments|investments|Total|
|Cost or Valuation|||||||
|At 1 October 2021||||6,427,477|573,970|7,001,447|
|Revaluation||||100,950|(19,944)|81,006|
|At 30 September 2022||||6,528,427|554,026|7,082,453|
|Net book value|||||||
|At 30 September 2022||||6,528,427|554,026|7,082,453|
|At 30September 2021||||6,427,477|573,970|7,001,447|
|14 Debtors|||||||
||||||2022|2021|
|Trade debtors|||||107,884|101,146|
|Prepayments
and accrued income|||||88,437|78,275|
|Other debtors|||||540|837|
||||||196,861|180,258|
|15 Creditors: amounts||falling due within one year|||||
||||||2022|2021|
|Trade creditors|||||19,773|17,281|
|Other taxation and|social security||||26,688|2,367|
|Other creditors|||||446,068|623,928|
|Accruals
and deferred income|||||98,151|91,552|
||||||590,680|735,128|
||||||2022|2021|
|Deferred income at 1 October 2021|||||87,321|115,849|
|Resources deferred|in the period||||93,709|87,321|
|Amounts
released Rom||previous|periods||(87,321|(115,849)|
|Deferred income at 30 September|||2022||93,709|87,321|
##
##
##
##
##
|17 Funds||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Other|Balance at 30|
|||||Balance at 1|Incoming|Resources||recognised|September|
|||||October 2021|resources|expended|Transfers|gains/(losses)|2022|
|Unrestricted|funds|||||||||
|General||||||||||
|Reserve for|admin|expenses||30,000|752,379|(851,529)|99,150||30,000|
|Unrealised|profit|on non-endowed|funds|160,800||||19,944|140,856|
|||||190,800|752,379|(851,529)|99,150|(19,944)|170,856|
|Designated||||||||||
|Property repair reserve||||249,150|||(99,150)||150,000|
|Total unrestricted||funds||439,950|752,379|(851,529)||(19,944)|320,856|
|Endowment|funds|||||||||
|Permanent||||||||||
|Endowment|funds|||12,225,827||||100,950|12,326,777|
|Total funds||||12,665,777|752,379|(851,529)||81,006|12,647,633|
##
##
##
||||||||Other|Balance at 30|
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1|Incoming|Resources|recognised|September|
|||||October 2020|resources|expended|gains/(losses)|2021|
|Unrestricted|funds||||||||
|General|||||||||
|Reserve for|admin|expenses||30,000|755,405|(755,405)||30,000|
|Unrealised|profit|on non-endowed|funds|103,112|||57,688|160,800|
|||||133,112|755,405|(755,405)|57,688|190,800|
|Designated|||||||||
|Property repair reserve||||274,150||(25,000)||249,150|
|Total unrestricted||funds||407,262|755,405|(780,405)|57,688|439,950|
|Endowment|funds||||||||
|Permanent|||||||||
|Endowment|funds|||11,122,205|||1,103,622|12,225,827|
|Total funds||||11,529,467|755,405|(780,405)|1,161,310|12,665,777|
##
##
|18 Analysis ofnet assets between funds||||
|---|---|---|---|
||Unrestricted|Endowment|2022|
||General|Permanent|Total funds|
|Tangible fixed assets||57,199|57,199|
|Investment
property||5,740,001|5,740,001|
|Fixed asset investments|554,026|6,528,427|7,082,453|
|Current
assets|357,510|1,150|358,660|
|Current
liabilities|(590,680)||(590,680)|
|Total net assets|320,856|12,326,777|12,647,633|
||Unrestricted|Endowment|2021|
||General|Permanent|Total funds|
|Tangible fixed assets||57,199|57,199|
|Investment
property||5,740,001|5,740,001|
|Fixed asset investments|573,970|6,427,477|7,001,447|
|Current assets|601,108|1,150|602,258|
|Current
liabilities|(735,128)||(735,128)|
|Total net assets|439,950|12,225,827|12,665,777|
|19 Analysis ofnet funds||||
||||At 30|
||At 1October||September|
||2021|Cash flow|2022|
|Cash at bank and in hand|422,000|(260,201)|161,799|
|Net debt|422,000|(260,201)|161,799|
||||At 30|
||At 1October||September|
||2020|Cash flow|2021|
|Cash at bank and in hand|317,997|104,003|422,000|
|Net debt|317,997|104,003|422,000|
##
##
##
##
##
##