2020-12-31-accounts - Cullompton United Charity

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Trustees	MrPLabdon
	MrAHarris-Chaír
	Mr B Mitchell
	MrsEAndrews
	MrsT Cummings
	Rev E Hobbs
	Mrs P Hammett
	MrsA Ford
	MrRStevenson
	MrANderitu
	Mr I Emmett-Vice Chair ( resigned28Aprit2Q21)
Glerkto the trustees	MrsBGoff
Charity number	0204031
lndependent examiner	Simpkins EdwardsLLP
	Michael House
	Castle Street
	Exeter
	Devon
	EX4 3LQ
Banke¡s	Lloyds Bank
	TivertonBranch
	46Fore Street
	Tiverton
	Devon
	EX16 6LF

	Page
Trustees' report	1-4
Independentexaminer'sreport	5
Statement offinancialactivities	6
Balance sheet	7
Notes to the fìnancial statements	8-21

		Unrestricted	Restricted	TotalUnrestricted Restricted	TotalUnrestricted Restricted	TotalUnrestricted Restricted	Total
		funds	funds		funds	funds
Notes		2020 I	2020 E	2020 fÊ	2019	2019 Ê	2019 Ê
lncomeandendowments from:
Charitableactivities lnvestments Otherincome	3 4 5	36,745 52,931 150	3,489	36,745 56,420 150	35,108 73,417 74	4,745	35,108 78,162 74
Total income		89,826	3,489	93,315	108,599	4,745	113,344
Expenditure on: Raising funds	6	12,189		12,189	14,395		14,395
Charitable activities	7	57,743	2,408	60,151	69,629	4,210	73,839
Other	I	4,393		4,393	42,508		42,508
Totalresources expended		74,325	2,408	76,733	126,532	4,210	130,742
Net gains/(losses) on investments	12	3,882	(840)	3,042	283,124	19,447	302,571
Netincoming
resourcesbefore transfers		19,383	241	19,624	265,191	19,982	285,173
Gross transfers between funds		(541)	541		3,351	(3,351)
Netmovementinfunds		18,842	782	19,624	268,542	16,631	285,173
Fund balancesat1
January 2020		2,241,132	146,4532,387,5851,972,590			129,8222,102,412
Fund balances at3l
December2020		2,259,974	147,235 2,407,2092,241,132			146,4532,387,585

			2020		2019
	Notes	e	t	Ê	I
Fixed assets
Tangible assets	13		47		113
lnvestment properties	14		160,000		160,000
lnvestments	15		2,063,447		2,048,468
			2,223,494		2,208,581
Current assets
Debtors	16	4,192		3,635
Cash at bank and in hand		187,741		190,267
		191,933		193,902
Creditors: amountsfallingduewithin
one year	17	(8,218)		(14,8e8)
Net current assets			183,715		179,004
Total assetsless currentliabilities			2,407,209		2,387,585
Restricted income funds
George Spicer Fund		51,175		51,177
Grant Homes Fund		94,033		93,249
Langlands fencing		2,027		2,027
	l8		147,235		146,453
Unrestricted funds
Designated funds:
Cyclical maintenance		96,974		110,397
Extraordinary repairs		29,388		29,390
	19	126,362		139,787
General unrestricted funds		2,133,612		2,101,345
			2,259,974		2,241,132
			2,407,209		2,387,585
The financial statementswere approvedbythe Trustees on.. /2			/2.2,
:fiil^Lbá
MrPLabdon		A Harris-Chair
Trustee		Trustee

Charitableactivities
	CharitableCharitable
	ExpenditureExpenditure 2020 20'19 sÊ
Staff costs	6,032	4,675
Depreciationandimpairment	66	66
CleaningexpensesCommunity House	2,217	3,428
Repairs and maintenance, Community House	413	6,699
Community Housepower	2,764	2,440
Community Housewater	182	257
CommunityHouseinsurance	1,538	1,514
lnsuranceofAlmshouseproperties	1,443	1,431
Grass cutting and othergardeningcostsofAlmshouseproperties	4,347	3,777
Repairs and maintenanceofAlmshouseproperties	4,644	1,939
MiscellaneousAlmshousepropertycosts	351	820
Stationery, advertising andpostage	498	378
Telephone	1,365	1,164
Trustee insurance	161	200
Computer expenses	106	770
Subscriptions	285	290
Stocking CloseandLanglands expenditure	39	2,973
	26,451	32,821
Grantfundingofactivities(seenote9)	33,700	41,018
	60,151	73,839
		:
Analysisbyfund
Unrestrictedfunds	57,743	69,629
Restrictedfunds	2,408	4,210
	60,151	73,839
For the yearended31December2019
Unrestrictedfunds	69,629
Restrictedfunds	4,210
	73,839
	:

Other
	UnrestrictedUnrestricted
	funds	funds
	2020	2019
lndependentexamination(Audit:2019)	4,110	5,370
Chairman's expense allowance	283	160
Vice chairman's expense allowance		105
Community House refurbishment		36,180
Other expenditure		693
	4,393	42,508
	:

13	Tangiblefixedassets
		Fixturesandf¡ttings
		Ê
	Cost
	At1 January 2020	659
	At31December2020	659
	Depreciationandimpairment
	At1January 2020	546
	Depreciation chargedintheyear	66
	At31December2020	612
	Carrying amount
	At31December2020	47
	At31 December 2019	113
14	lnvestment property
		2020
		f
	Fairvalue
	At1January2020 and 31December2020	160,000

l5	Fixedasset investments
			Listed
			investments
			€
	Cost orvaluation
	At1January 2020		2,048,468
	Additions		491,879
	Realised gains/losses		(30,608)
	Unrealised gains/losses		33,650
	Disposals		(479,942)
	At31December2020		2,063,447
	Garryingamount
	At31December2020		2,063,447
	At31December2019		2,048,468
l6	Debtors
		2020	2019
	Amountsfallingduewithinone year:	Ê	Ê
	Other debtors	2,679	2,110
	Prepayments andaccruedincome	1,513	1,525
		4,192	3,635
17	Creditors: amountsfallingduewithinoneyear
		2020	2019
		I	t
	Accrualsand deferred income	8,218	14,898

		Movement infunds	Movement infunds	Movement infunds			Movement infunds	Movement infunds	Movement infunds
	Balanceat 1January2019 Ê	lncoming Resources resourcesexpended ÊÊÊÊÊ		Transfers	Revaluations,Balance at gainsandlJanuary2020 losses		lncoming ResourcesTransfers resourcesexpended Ê Ê t			Revaluations, gainsand losses Ê	Balanceat 3lDecember 2020 â
George Spicer
Fund	44,231	1,681	(500)	(1,126)	6,891	51,177	1,236	(600)	(340)	(2e8)	51,175
Grant Homes
Charity	80,591	3,064	(737)	(2,22s)	12,556	93,249	2,253	(1,808)	881	(s42)	94,033
Langland's
Fencing	5,000		(2,973)			2,027					2,027
	129,822 :	4,?45	(4,210) :	(3,351)19,447146,453			: 3,489	,r,+oal	541	-(B4o) :	147,235

		Movement infunds	Movement infunds			Movement infunds	Movement infunds
	Balance at 1January2019	lncomingTransfersRevaluations,Balanceat resources gainsandlJanuary2020			lncoming ResourcesTransfers resourcesexpended			Revaluations, gainsand		Balanceat 31December
				losses					losses	2020
	â	ÊÊfÊ			Ê	Ê	e		Ê	Ê
Cyclical maintenance	114,670	35,108	(3e,381)	110,397	36,745	(1,236)	(48,932)			96,974
Extraordinary repairs	25,400	966	(e33)	29,390 3,957	710		(541)		(171)	29,388
	140,070 36,074		(40,314) 3,957139,787		37,455	(1,236)	(4e,473)		(171)	126,362
					:	:

Analysis ofnetassetsbetweenfunds	Analysis ofnetassetsbetweenfunds
UnrestrictedRestricted funds funds			TotalUnrestricted "funds			Restricted funds	Total
	2020 ÊÊ	2020	2020 Êe		2019	2019 â	2019 î.
Fund balances at31
December2020are
representedby:
Tangibleassets lnvestmentproperties lnvestments	47 160,000 1,922,457	140,990	47 160,000 2,063,447	113 160,000 1,907,485		140,983	113 160,000 2,048,468
Current assets/ (liabilities)	178,270	5,445	183,715		173,534	5,470	179,004
	2,260,774	146,435	2,407,209	2,241,132146,453			2,387,585