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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|





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





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|||Unrestricted|Restricted|Restricted|TotalUnrestricted<br>Restricted|TotalUnrestricted<br>Restricted|TotalUnrestricted<br>Restricted|Total|
|---|---|---|---|---|---|---|---|---|
|||funds||funds||funds|funds||
|Notes||2020<br>I||2020<br>E|2020<br>fÊ|2019|2019<br>Ê|2019<br>Ê|
|lncomeandendowments from:|||||||||
|Charitableactivities<br>lnvestments<br>Otherincome|3<br>4<br>5|36,745<br>52,931<br>150||3,489|36,745<br>56,420<br>150|35,108<br>73,417<br>74|4,745|35,108<br>78,162<br>74|
|Total income||89,826||3,489|93,315|108,599|4,745|113,344|
|Expenditure on:<br>Raising funds|6|12,189|||12,189|<br>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<br>expended||74,325||2,408|76,733|126,532|4,210|130,742|
|Net gains/(losses) on<br>investments|12|3,882||(840)|3,042|283,124|19,447|302,571|
|Netincoming|||||||||
|resourcesbefore<br>transfers||19,383||241|19,624|265,191|19,982|285,173|
|Gross transfers<br>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||





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||||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..<br>/2|||/2.2,|||
|:fiil^L*bá*||||||
|MrPLabdon||A Harris-Chair||||
|Trustee||Trustee||||





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|Gharitable|activities||||
|---|---|---|---|---|
||||Gharitable|Charitable lncome|
||||lncome||
||||2020|2019|
||||f|t|
|Almshouse|maintenance|contributions|36,745|35,108|
|||||:|





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|4|lnvestments|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|TotalUnrestricted||Restricted|Total|
|||funds|funds||funds|funds||
|||2020|2020|2020|2019|2019|2019|
|||Ê|Ê|Ê|e|t|Ê|
||Rental income|4,976||4,976|8,468||8,468|
||lnvestment income|47,570|3,489|51,059|64,691|4,745|69,436|
||lnterestreceivable|385||385|258||258|
|||52,931|3,489|56,42073,417||4,745<br>:|78,162|
|5|Other income|||||||
|||||||UnrestrictedUnrestricted||
|||||||funds|funds|
|||||||2020|2019|
|||||||s|â|
||Other income|||||150|74|
|||||||:||
|6|Raisingfunds|||||||
|||||||Unrestricted|Total|
|||||||funds||
|||||||2020|2019|
|||||||â|€|
||lnvestment management|||||12,189|14,395|
|||||||12,189|14,395|





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|Charitableactivities|||
|---|---|---|
||CharitableCharitable||
||ExpenditureExpenditure<br>2020<br>20'19<br>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||
||:||





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|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|
||:||



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|Grantspayahle|||
|---|---|---|
||CharitableCharitable||
||ExpenditureExpenditure<br>2020<br>2019||
||ee||
|Grants to institutions:|||
|People Matter(StAndrewsPGC)|3,090|2,645|
|Culm Voluntary Car Scheme|2,225|4,357|
|CHAT|1,000||
|Cullompton Family Centre||550|
||6,315|7,552|
|Grants to individuals|27,385|33,466|
||33,700|41,018|
||:||



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||2020|2019|
|---|---|---|
||Number|Number|
|Employment costs|2020|2019|
||Ê|Ê|
|Wages and salaries|6,032|4,675|



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|Netgains/(losses) on|investments||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds||funds|funds||
||2020<br>t|2020<br>Ê|2020<br>Ê|2019<br>c|2019î|201I<br>Ê|
|Revaluationof<br>investments|(11,447)|(840)|(12,287)|263,124 19,447||282,571|
|Gain/(loss) on saleof|||||||
|investments|15,325||15,329||||
|Revaluationof|||||||
|investment properties||||20,000||20,000|
||3,882||3,042|283,124|19,447|302,571|
||:|-tr*r<br>:||:|||





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|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|





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|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|





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|||Movement infunds|Movement infunds|Movement infunds|||Movement infunds|Movement infunds|Movement infunds|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Balanceat<br>1January2019<br>Ê|lncoming Resources<br>resourcesexpended<br>ÊÊÊÊÊ||Transfers<br>|Revaluations,Balance at<br>gainsandlJanuary2020<br>losses||lncoming ResourcesTransfers<br>resourcesexpended<br>Ê<br>Ê<br>t|||Revaluations,<br>gainsand<br>losses<br>Ê|Balanceat<br>3lDecember<br>2020<br>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<br>:|4,?45|(4,210)<br>:|(3,351)19,447146,453|||:<br>3,489|,r,+oal|541|-(B4o)<br>:|147,235|





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|||Movement infunds|Movement infunds|||Movement infunds|Movement infunds||||
|---|---|---|---|---|---|---|---|---|---|---|
||Balance at<br>1January2019|lncomingTransfersRevaluations,Balanceat<br>resources<br>gainsandlJanuary2020|||lncoming ResourcesTransfers<br>resourcesexpended|||Revaluations,<br>gainsand||Balanceat<br>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<br>3,957|710||(541)||(171)|29,388|
||140,070 36,074||(40,314) 3,957139,787||37,455|(1,236)|(4e,473)||<br>(171)|126,362|
||||||:|:|||||



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|20|Analysis ofnetassetsbetweenfunds|Analysis ofnetassetsbetweenfunds|||||||
|---|---|---|---|---|---|---|---|---|
||UnrestrictedRestricted<br>funds<br>funds|||TotalUnrestricted<br>"funds|||Restricted<br>funds|Total|
|||2020<br>ÊÊ|2020|2020<br>Êe||2019|2019<br>â|2019<br>î.|
||Fund balances at31||||||||
||December2020are||||||||
||representedby:||||||||
||Tangibleassets<br>lnvestmentproperties<br>lnvestments|47<br> <br>160,000<br>1,922,457|140,990|47<br>160,000<br>2,063,447|113<br>160,000<br>1,907,485||140,983|113<br>160,000<br>2,048,468|
||Current assets/<br>(liabilities)|178,270|<br>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|



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