##
##
##
|Reference and Administrative
Details|Reference and Administrative
Details|1to2|
|---|---|---|
|Trustees'
Report||3to 8|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|9to 12|
|Statement ofFinancial|Activities|13|
|Balance Sheet||14|
|Cash Flow Statement||15|
|Notes to the Financial|Statements|16to 32|
##
||||Trustees||0Chope||||
|---|---|---|---|---|---|---|---|---|
||||||PSChristie||||
||||||Mrs KCorfe (resigned 31/08/2020)||||
||||||Mrs RCraigie||||
||||||DJDark (resigned 03/12/2020)||||
||||||Mrs SJEllis||||
||||||Mrs JGubb||||
||||||ARHarper,
(Chairman)||||
||||||EA Hubber||||
|tungi|||||W G Isaac||||
||||||Mrs EJunkison||||
||||||JA McKenzie||||
||+|Vl|||The Mayor ofBideford, Mr|||P Christie, Ex-Officio Trustee|
||Q/|Z|||P RSims||||
|)
ttt|tII|0
~|Other Officers||PRSims LL.B.(retired 31/03/2021l, Steward
Mrs SWebster (from 01/04/2021l, Steward||||
|Qt/J~|||||L C Bird BSC (Hens).|||M.R.I.C.S. M.F.P.W.S (resigned|
|Ri|||||31/12/2020), Warden
DJDark F.R.I.C.S.||(from|01/04/2021l, Warden|
||||Principal Office||23a The Quay||||
||||||BIDEFORD||||
||||||Devon||||
||||||EX392EZ||||
||||Charity Registration|Number|204536||||
||||Solicitors||Bazeley Barnes|8i Bazeley|||
||||||24 Bridgeland|Street|||
||||||BIDEFORD||||
||||||Devon||||
||||||EX392QB||||
||||Bankers||National
Westminster||Bank|pic|
||||||41High Street||||
||||||BARNSTAPLE||||
||||||Devon||||
||||||EX31IDA||||
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|2020||||||
|---|---|---|---|---|---|
|||||Total|Total|
|||Unrestricted|Endowment|2020|2019|
||Note|||||
|Income and Endowments|from:|||||
|Other trading
activities|||||5|
|Investment
income|4|854,084||854,084|836,376|
|Total income||854,084||854,084|836,381|
|Expenditure
on:||||||
|Raising funds||(211,782)|37,591|(174,191)|(221,816)|
|Charitable
activities||(575,033)||(575,033)|(582,675)|
|Other expenditure||(1,000)||(1,000)|(1,000)|
|Total expenditure||(787,815)|37,591|(750,224)|(805,491)|
|Gains/losses
on invesnnent||||||
|assets||42,584|1,117,565|1,160,149|1,446,700|
|Net movement
in funds||108,853|1,155,156|1,264,009|1,477,590|
|Reconciliation offunds
Total funds brought forward||895,353|17,028,347|17,923,700|16,446,110|
|Total funds carried forward|18|1,004,206|18,183,503|19,187,709|17,923,700|
##
##
|BALANCE|SHEET|ASAT21DECEMBER2020||||
|---|---|---|---|---|---|
|||||2020|2019|
||||Note|||
|Fixed assets||||||
|Investments|||12|18,187,617|16,757,501|
|Current assets||||||
|Stocks|||13|760|760|
|Debtors|||14|72,838|55,826|
|Investments|||15|795,750|753,166|
|Cash at bank|and in hand||16|246,871|486,941|
|||||1,116,219|1,296,693|
|Creditors: Amounts||falling due within one year|17|(116,127)|(130,494)|
|Net current|assets|||1,000,092|1,166,199|
|Net assets||||19,187,709|17,923,700|
|Funds ofthe
Endowment
Unrestricted|charity:
funds
income|funds||18,183,503|17,028,347|
|Unrestricted
Total funds|funds|||1,004,206
19,187,709|895,353
17,923,700|
##
##
|CASH FLOW STATEMEN|T|FORTHE YEARENDED|21DECEM|BER2020||
|---|---|---|---|---|---|
|||||2020|2019|
||||Note|||
|Cash flows from operating|activities|||||
|Net cash income||||103,860|30,890|
|Adjustments
to cash flows from non-cash items||||||
|Investment
income|||4|(854,084)|(836,376)|
|||||(750,224)|(805,486)|
|Working capital adjustments||||||
|Decrease in stocks|||13||20|
|Increase in debtors|||14|(17,012)|(19,475)|
|(Decrease)/increase
in creditors|||17|(14,367)|17,367|
|Net cash flows from operating||activities||(781,603)|(807,574)|
|Cash flows from investing
activities||||||
|Interest receivable and similar||income|4|854,084|836,376|
|Purchase of investments
Sale of investments
Net cash flows from investing|activities||12|(1,190,935)
878,384
541,533|275,000
1,111,376|
|Net (decrease)/increase
in cash||and cash equivalents||(240,070)|303,802|
|Cash and cash equivalents
at
Cash and cash equivalents
at|22 December
21December|||486,941
246,871|183,139
486,941|
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||||||||||Total||Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020||2019|
||||Trading income;|||||||||
||||Sales ofgoods and|services||||||||
||||4 INVESTMENT|INCOME||||||||
||||||||Unrestricted|||||
||||||||funds||Total||Total|
||||||||General||2020||2019|
||||Interest receivable and similar||income;|||||||
||||Interest receivable|on bank deposits||||407|407||768|
||+|Vl|Other income from fixed asset||investments||125,370||125,370||136,603|
|Q/ Z
IEgi
LU tD»
)
0|||Income from rents||||728,307
854,084||728,307
854,084||699,005
836,376|
||||5 EXPENDITURE ON RAISING FUNDS|||||||||
|Gnarl~||||||||||||
||||A) INVESTMENT|MANAGEMENT||COSTS||||||
||||||||Unrestricted|Endowment||||
||||||||||Total||Total|
||||||||General|Permanent|2020||2019|
||||Other investment
management||costs;|||||||
||||Bookpurchases||||||||20|
||||Void rates and water rates||||1,862||1,862||334|
||||Lighting
and heating oftrust||properties||5,546||5,546||3,561|
||||Insurance||||15,578||15,578||15,023|
||||Repairs and servicing costs||||123,185||123,185||131,744|
||||Printing,
stationery|and software|||376|||376|671|
||||Sundry expenses||||40|||40|40|
||||Cleaning,
gardener|and caretaker|||2,365||2,365||4,208|
||||Warden's
fees||||30,447||30,447||29,999|
||||Steward's fees (50%1||||22,580||22,580||22,755|
||||Advertising||||1,317||1,317||2,171|
||||Professional
fees|||||660||660|4,154|
||||||||||||Page 19|
##
##
|||||Unrestricted|Endowment|||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||General|Permanent|2020|2019|
|Professional||fees||5,958||5,958|2,070|
|Book-keeping||and Xero|support|855||855|2,655|
|Bank charges||||1,673||1,673|2,411|
|(Gain)/loss|on|progranune|related|||||
|investments|||||(38,251)|(38,251)||
|||||211,782|(37,591)|174,191|221,816|
##
|6 EXPEN|DITURE ON CHARITAB|LE ACTIVITIES|||
|---|---|---|---|---|
|||Unrestricted|||
|||funds
General|Total
2020|Total
2019|
|Grant funding ofactivities||538,208|538,208|547,014|
|Allocated support costs||1,490|1,490|3,571|
|Governance|costs|35,335|35,335|32,090|
|||575,033|575,033|582,675|
##
||||Unrestricted|||
|---|---|---|---|---|---|
|||||Total|Total|
||||General|2020|2019|
|Bridge|Maintenance|Order|1,000|1,000|1,000|
||||1,000|1,000|1,000|
##
##
||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
||||||funds|Total|Total|
||||Basis|of|General|2020|2019|
||||allocation|||||
|Support costs|||A||1,490|1,490|3,571|
|Governance|costs||||35,335|35,335|32,090|
||||||36,825|36,825|35,661|
|Support costs allocated to charitable||||activities||||
||||||Administration|Total|Total|
||||||costs|2020|2019|
|Printing and|stationery||costs|||||
|for Torridge|Taxi Voucher|||||||
|Scheme
Administration
costs for
Torridge Taxi Voucher
Scheme|||||1,490|1,490|816
2,755|
||||||1,490|1,490|3,571|
##
##
|||||Unrestricted|||
|---|---|---|---|---|---|---|
||||||Total|Total|
|||||General|2020|2019|
|Steward's fees (50%1||||22,580|22,580|22,755|
|Accountancy|fees|||4,000|4,000|3,550|
|The audit of|the charity's||annual accounts|8,270|8,270|5,300|
|Professional|indemnity|insurance||485|485|485|
|||||35,335|35,335|32,090|
##
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|Name of|institution||||||
|1stBideford Guides|||||1,000|1,550|
|1stWoolsery Scouts||||||2,000|
|Appledore
Appledore
Appledore
Appledore|Band
Book Festival
Community
Hall Trust
Footbag Club||||1,000
4.000
5,000
5,000|2,000
5,000
2,000|
|Appledore
Maritime Heritage Trust
Atlantic Racquet Centre
BASICS Devon
Bideford Amateur
Athletic Club|||||4.200
5,000
5,000|5,000
5,000|
|Bideford|Amateur
Boxing Club||||850|1,500|
|Bideford|Amateur
FootbaB Club —Youth||—Twinning|Project||2,000|
|Bideford|Amateur
Footbag Club —Youth||||3,000|6,000|
|Bideford|Amateur
Rowing Club||||5,000|5,000|
|Bideford|and District Comnnuuty|Archive|||1,280|2,000|
|Bideford|Baptist Church||||1,500||
|Bideford|Blues &Appledore
Junior RFC||||6.000|6,000|
|Bideford|College
—battlefield
trip|||||2,916|
|Bideford|College
—computers||||28,982||
|Bideford|Grammar
School Old Boys Association||||2.000||
|Bideford.|Littleham &Westward|Hoi Cricket Club||(Colts Section)|5,000|5,000|
|Bideford|Massed Pipes &Drums|||||3,000|
|Bideford|Methodist Church||||7.500|10,000|
|Bideford|Pilot Gig Club||||1,000|2,000|
|Bideford|Railway Heritage Centre||||2.500|4,500|
|Bideford|Rugby Club Limited||||5,000|5,000|
|The Bideford Shed (affiliated to the LK Men's Shed||||Association)|1,000|2,500|
|Bideford|Street Pastors and School Pastors||||4.000|4,000|
|Bideford|Town Band||||1,500|3,500|
##
##
||||Bideford Youth Pipe Band||||||||2.000|2,000|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Buckland Brewer Hall||||||||1,000|1,500|
||||Buckland Brewer Methodist Church||||||||2.000||
||||Burton at Bideford||||||||7.000|5,000|
||||Clovelly Pilot Gig Club|||||||||2,000|
||||East-the-Water
Comnnuuty
Primary School||||||||2.670|4,027|
||||Edukid||||||||2.000||
||||Families In Grief|||||||||1,600|
||||Grow0Jigsaw Project (Westcountry||Housing||Association|||Limited)||7,500|
||||Harbour Bideford|||||||||5,000|
||||Holy Trinity Church. Westward|Ho!|||||||3,000|1,600|
||||Home-Start Torridge and North|Devon|||||||5,000|2,000|
||||Intergr8 CIC|||||||||14,000|
||||Instow Primary
School||||||||2.000||
||||Langtree Parish Hall||||||||2.500||
||||Lavington
United Reform Church||||||||5,000|5,000|
||||Lemon Jelly Youth Work||||||||3,000|1,500|
||||Littleham Film and Social Club|||||||||1,500|
||||Northam
Lions Football Club||||||||2.000|1,500|
||+
Et/|Vl
z|Marie Curie (for Bideford and immediate|||neighbourhocd)||||||2,500|
|IE
LIJ
)|gt-
III»
0||Marie Curie
—emergency
appeal
Noah's Place Care Farm
North Devon Down Syndrome
Association||||||||10.000
1,500
1,750|1,750|
||||North Devon Forum for Autism|Spectrum||Conditions|||and|ADHD|1,800|1,800|
|QU7~|||North Devon Hospice||||||||16.000|16,000|
|Ri|||North Devon Museum Trust
North Devon Xmas Fund||||||||2.000|10,000|
||||Northam
Comnnuuty
Association||||||||5,000||
||||Northam
Methodist Church||||||||1,500||
||||Northern
Devon Food Bank||||||||5,000|2,000|
||||Parkham Playground
Fundraisers||||||||2.000||
||||PCC ofHoly Trinity Bamstaple||||||||1,500||
||||Rockministry||||||||2.500||
||||School Swimming
Lessons (1610Limited)||||||||(4,115)|26,687|
||||Transport Costs for School Swimming||Lessons||||||(4,500)|9,000|
||||StMary's Parish Church. Bideford||||||||3,500|2,000|
||||StMary's School||||||||10.770||
||||Sandymere
Blues Football Club||||||||2.500||
||||South West Heritage Trust
—North Devon|||Record||Office|||6.000|6,000|
||||Steamship
Freshspring
Society||||||||5,250||
||||Stoke Early Support Discharge|Team|||||||3,575||
||||Tarka Child Contact Centre||||||||3,000|3,000|
||||TorrAge
—Ageing WeB Project|||||||||2,000|
||||Torridge District Council
—Playground||Fund|||||||25,000|
||||Torridge. N Devon. Mid &West Devon Citizens|||||Advice Bureau|||5,000|5,000|
||||Torridge Voluntary
Services
—Bideford Volunteer|||||Centre|||6.500|6,500|
##
##
|Torridgeside
Amateur|Swimming|Swimming|Club|2.000|2,000|
|---|---|---|---|---|---|
|Westleigh Village Hall|||||1,500|
|Westward
Hol Commumty||Association|||5,500|
|Wings South West|||||2,000|
|Grants under g1,500 to institutions||||28,975|57,141|
|Business Start-Ups||||160,923|103,285|
|Taxi Voucher Scheme||||11,937|19,102|
|Book. Bursary. Social|and|Training||100,861|94,056|
|||||538,208|547,014|
##
##
##
|12FIXEDASSETINVESTMENTS|12FIXEDASSETINVESTMENTS|12FIXEDASSETINVESTMENTS||||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|Investment
properties||||||14,944,100|13,084,757|
|Other investments||||||3,243,517|3,672,744|
|||||||18,187,617|16,757,501|
|INVESTMENT PROPERTIES||||||||
||||||||Investment|
||||||||properties|
|At valuation||||||||
|At 22 December 2019|||||||13,084,757|
|Revaluation|||||||943,408|
|Additions|||||||915,935|
|At 21 December 2020
Provision
At 21 December 2020|||||||14,944,100|
|Net book value||||||||
|At 21 December 2020|||||||14,944,100|
|At 21 December 2019|||||||13,084,757|
|Valuation ofinvestment|properties|is|by an independent||valuer.|||
|Purchases
and major refurbishments|||ofproperties|in the|year are|included at cost.||
##
##
||||OTHER INVESTMENTS|OTHER INVESTMENTS||||
|---|---|---|---|---|---|---|---|
|||||||Other||
|||||||investments|Total|
||||At valuation|||||
||||At 22 December 2019|||3,672,744|3,672,744|
||||Revaluation|||174,157|174,157|
||||Additions|||275,000|275,000|
||||Disposals|||(878,384)|(878,384)|
||||At 21 December 2020|||3,243,517|3,243,517|
||||Net book value|||||
||||At 21 December 2020|||3,243,517|3,243,517|
||||At 21 December 2019|||3,672,744|3,672,744|
|+
Vl
Q/ Z
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13STOCK|are in the Charities Official Investment|Fund.|2020|2019|
|Qtr)~||||||||
|||z
V|Stocks|||760|760|
|13STOCK|||
|---|---|---|
||2020|2019|
|Stocks|760|760|
|14DEBTORS|||
||2020|2019|
|Trade debtors|40,522|22,296|
|Prepayments|7,033|7,147|
|Other debtors|25,283|26,383|
||72,838|55,826|
|Debtors includes 23,283 (2019:25,883)receivable after more than one year.|||
||2020|2019|
|Other debtors|23,283|25,883|
##
||15CURRENT ASSETINVESTMENTS|15CURRENT ASSETINVESTMENTS|||
|---|---|---|---|---|
||||2020|2019|
||Charities Official Investment|Fund at valuation|795,750|753,166|
||16CASH AND CASH EQUIVALENTS||||
||||2020|2019|
||Cash on hand||520|1,335|
||Cash at bank||246,351|485,606|
||||246,871|486,941|
||17CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2020|2019|
|Vl|Trade creditors
VAT payable||25,954
5,427|24,448
4,045|
|8
&
|Other creditors
Accruals||116,127
72,523
12,223|93,023
8,978
130,494|
||||||||l||
|---|---|---|---|---|---|---|---|---|
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##
##
||||19ANALYSIS OF NET ASSETSBETWEEN FUNDS|19ANALYSIS OF NET ASSETSBETWEEN FUNDS|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment||
|||||funds|funds|Total funds|
|||||General|Permanent|2020|
||||Fixed asset investments||18,187,617|18,187,617|
||||Current assets|1,120,333|(4,114)|1,116,219|
||||Current liabilities|(116,127)||(116,127)|
||||Total net assets|1,004,206|18,183,503|19,187,709|
|||||Unrestricted|Endowment||
|||||funds|funds|Total funds|
|||||General|Permanent|2019|
||||Fixed asset investments||16,757,501|16,757,501|
||||Current assets|1,025,497|271,196|1,296,693|
||+|Vl|Current liabilities|(130,144)|(350)|(130,494)|
|Q/ Z
tEgi
LU tD»
)
0|||Total net assets|895,353|17,028,347|17,923,700|
||||20ANALYSIS OFNET FUNDS||||
|Qtr)~||||At 22||At 21|
|Ri||||December
2019|Financing
cash flows|December
2020|
||||Cash at bank and in hand|486,941|(240,070)|246,871|
||||Current asset investments|753,166|42,584|795,750|
||||Net funds|1,240,107|(197,486)|1,042,621|
|||||At 22||At 21|
|||||December||December|
|||||2018|Cash flow|2019|
||||Cash at bank and in hand|183,139|303,802|486,941|
||||Current asset investments|644,897|108,269|753,166|
||||Net funds|828,036|412,071|1,240,107|
##
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