| Page | ||
|---|---|---|
| Trustees' annual report |
1-4 | |
| Independent examiner's report to the trustees |
||
| Statement offinancial | activities | |
| Statement offinancial | position | |
| Notes to the financial | statements |
| The trustees | present | their report and the unaudited | their report and the unaudited | their report and the unaudited | financial | financial | statements | of the charity for the year |
|---|---|---|---|---|---|---|---|---|
| ended 31 March 2021. | ||||||||
| Reference and administrative | details | |||||||
| Registered | charity name | The Pearn Chaditable | Trust | |||||
| Charity registration | number | 203720 | ||||||
| Principal office | Pearn Day Centre | |||||||
| Eggbuckland | Road | |||||||
| Plymouth | ||||||||
| PL35JP | ||||||||
| The trustees | lan David Rawlings | |||||||
| Dr Nicolas Ring | ||||||||
| Gail Biddulph | ||||||||
| Margaret Clinton |
||||||||
| Brian Fisher | ||||||||
| Nigel Smith | ||||||||
| Independent | examiner | Peter Webb | FCA | |||||
| Thomas Westcott | ||||||||
| Chartered Accountants |
||||||||
| Plym House | ||||||||
| 3Longbridge | Road | |||||||
| Marsh Mills |
||||||||
| Plymouth | ||||||||
| Devon | ||||||||
| PL6 8LT |
| with their date ofappointment a |
nd the expiry date of their current term | s, are listed below:- |
|---|---|---|
| Trustees Name |
Date Appointed | Term due to expire |
| lan David Rawlings Gail Biddulph Dr Nicolas Ring Margaret Clinton Brian Fisher |
January 1990 November 2012 December 2016 October 1998 January 2018 |
18January 2022 17September 2024 17September 2024 26 October 2022 January 2022 |
| Nigel Smith | February 2018 | February 2022 |
| 2021 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Total funds | Total funds | |||||
| Note | f. | F | |||||
| income and endowments | |||||||
| Investment Income Rents receivable |
4 5 |
49,318 8130 |
49,318 8130 |
48,355 34,362 |
|||
| Total income | 57,448 | 57,448 | 82,717 | ||||
| Expenditure Expenditure on charitable |
activities | 6 | 31,968 | 31,968 | 34,140 | ||
| Total expenditure | 31,968 | 31,968 | 34,140 | ||||
| Net gains/(losses) | on investments | 9 | 289,062 | 289,062 | (45,741) | ||
| Net income and net movement | in funds | 314,542 | 314,542 | 2,836 | |||
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 1,884,695 | 1,884,695 | 1,881,859 | |||
| Total funds carried forward | 2,199,237 | 2,199,237 | 1,884,895 |
| 31 March | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | 2021 f |
2020 F |
|||||||
| Fixed assets | |||||||||
| Investment Property Investments |
13 15 |
375,000 1,687,898 |
375,000 1,398,836 |
||||||
| 2,062,898 | 1,773,836 | ||||||||
| Current assets | |||||||||
| Debtors | 14 | 801 | 3,744 | ||||||
| Cash at bank | and | in | hand | 137,214 | 108,525 | ||||
| 138,015 | 112,269 | ||||||||
| Creditors: amounts | falling due within | one year | 16 | 1,676 | 1,410 | ||||
| Net current | assets | 136,339 | 110,859 | ||||||
| Total assets | less | current liabilities | 2,199,237 | 1,884,695 | |||||
| Net assets | 2,199,237 | 1,884,695 | |||||||
| Funds ofthe charity Unrestricted funds |
2,199,237 | 1,884,695 | |||||||
| Total charity | funds | 17 | 2,199,237 | 1,884,895 | |||||
| These financial ~'& ~ ~ ~ ~ ~~ ~ ~ ~ |
at | ents were signed o |
appr d by the board alf ofthe board by: |
of trustees | and | authorised | for issue on |
||
| I D Ra gs |
|||||||||
| Trustee |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||||
| E | E | E | ||||||
| Dividends | ||||||||
| COIF Charities | Investment | Fund | 49,301 | 49,301 | 48,331 | 48,331 | ||
| Bank interest | receivable | 17 | 17 | 24 | 24 | |||
| 49,318 | 49,318 | 48,355 | 48,355 | |||||
| Rents receivable | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2021 | Funds | 2020 | |||||
| E | E | E | ||||||
| Mannamead | Lawn Tennis | Club | 3,163 | 3,163 | 3,163 | 3,163 | ||
| Assistant At Maintenance |
Hand and Recharges |
1,700 3,267 |
1,700 3,267 |
26,000 5,199 |
26,000 5,199 |
|||
| 8.130 | 8,130 | 34,362 | 34,360 |
| Expenditu | re on charitable a |
ctivities by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| E | E | E | |||
| Charitable | activities | 30,450 | 30,450 | 32,700 | 32,700 |
| Support costs | 1,518 | 1,518 | 1,440 | 1,440 | |
| 31,968 | 31,968 | 34,140 | 34,140 |
| Analysis ofCharitable Activities |
||
|---|---|---|
| 2021 | 2020 | |
| Salaries and wages Light and heat Repairs &maintenance Insurance Postage and stationery Telephone Advertising Grants paid Sundry expense Debtor write-off |
11,971 2,679 7,018 1,571 231 487 4,327 2,166 |
12,196 (3,978) 7,611 1,562 169 478 204 14,408 50 |
| 30,450 | 32,700 |
| Analysis of | ||||||
|---|---|---|---|---|---|---|
| support costs | Total 2021 | Total 2020 f |
||||
| Independent Payroll costs |
examination | 1,194 324 |
1,194 324 |
1,092 348 |
||
| 1,518 | 1,518 | 1,440 | ||||
| 9. | Net gains/(losses) | on investments |
| Net gains/(lo | sses) on investment |
s | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds Unrestricted |
Total Funds | |||||
| Funds | 2021 f |
Funds | 2020 | ||||
| Gains/(losses) | on listed investments | 289,062 | 289,062 | (45,741) | (45,741) | ||
| Independent | examination fees |
||||||
| 2021 | 2020 | ||||||
| Fees payable Independent |
to the independent examiner for: examination ofthe financial statements |
1,000 | 950 | ||||
| Staffcosts | |||||||
| The total staff costs and employee | benefits for the reporting | period are analysed as 2021 |
follows: 2020 |
||||
| Wages and salaries | 11,971 | 12,196 | |||||
| The average | head count ofemployees | during the year | was | 1 (2020:1). | |||
| No employee | received employee | benefits of more than | f60,000 during the | year (2020: Nil). |
| Investments | |
|---|---|
| Investment | |
| properties | |
| Cost orvaluation | |
| At 1 April 2020 and 31 March 2021 | 375,000 |
| Impairment | |
| At 1 April 2020 and 31 March 2021 | |
| Carrying amount At 31 March 2021 |
375,000 |
| At 31 March 2020 | 375,000 |
| All investments shown above are held at valuation. |
| 14. | All investments shown Debtors |
above are held at valuation. | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | ||||
| Prepayments and accrued income |
801 | 3,744 | ||
| 15. | Investments | |||
| Listed | ||||
| investments | Total | |||
| Cost orvaluation | ||||
| At 1 April 2020 | 1,398,836 | 1,773,836 | ||
| Additions | ||||
| Fair value movements | 289,062 | 289,062 | ||
| At 31 March 2021 | 1,687,898 | 2,062,898 | ||
| Impairment | ||||
| At 1 April 2020 and 31 March 2021 | ||||
| Carrying amount At 31 INarch 2021 |
1,687,898 | 2,062,898 | ||
| At 31 March 2020 | 1,398,836 | 1,773,836 | ||
| 16. | Creditor: amounts | falling due within one year | ||
| 2021 | 2020 | |||
| Accruals and deferred | income | 1,676 | 1,410 |
| At | Gains and | At | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | April 2020 | Income | Expenditure | losses | 31 INarch | 21 | ||
| F | F | F | ||||||
| General | funds | 1,884,695 | 57,448 | (31,968) | 289,062 | 2,199,237 | ||
| At | Gains and | At | ||||||
| 1 | April 2019 | Income | Expenditure | losses | 31 March | 20 | ||
| F | F | F | F | F | ||||
| General | funds | 1,881,859 | 82,717 | (34,140) | (45,741) | 1,884,695 |
| Analysis ofnet as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2021 | ||
| F | |||
| Tangible fixed assets Investments |
375,000 1,687,898 |
375,000 1,687,898 |
|
| Current assets | 138,015 | 138,015 | |
| Creditors less than | 1 year | (1,676) | (1,676) |
| Net assets | 2,199,237 | 2,199,237 | |
| Unrestricted | Total Funds | ||
| Funds | 2020 | ||
| F | |||
| Tangible fixed assets Investments |
3?5,000 1,398,836 |
375,000 1,398,836 |
|
| Current assets | 112,269 | 112,269 | |
| Creditors less than | 1 year | (1,410) | (1,410) |
| Net assets | 1,884,695 | 1,884,695 |