##
##
##
|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees'
Report||2to7|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|8to 11|
|Statement ofFinancial|Activities|12|
|Balance Sheet||13|
|Cash Flow Statement||14|
|Notes to the Financial|Statements|15to 30|
##
||||Trustees||0Chope|||||
|---|---|---|---|---|---|---|---|---|---|
||||||P SChristie|||||
||||||Mrs SJEllis|||||
||||||Mrs SLGreen|(from||03/03/2022)||
||||||Mrs JGubb|||||
||||||The Mayor of|Bideford, Mrs JGubb,|||Ex-Officio Trustee|
||||||ARHarper (to 06/01/2022)|||||
||||||EA Hubber|||||
||||||W G Isaac|||||
|tungi|||||Mrs EJunkison,||(Chairman)|||
||||||Mrs SJLangford|||||
||||||JA McKenzie|||||
||+|Vl|||PRSims|||||
||Q/|Z|Other Officers||Mrs RGould (from 31/10/2022), Steward|||||
|LU
)|tII|»
0|||Mrs SWebster (resigned 28/10/2022),
DJDark F.R.I.C.S., Warden||||Steward|
|Qt/I~|||Charity Registration|Number|204536|||||
|||0|Principal Office||23a The Quay
BIDEFORD|||||
||||||Devon|||||
||||||EX392EZ|||||
||||Auditor||Glover Stanbury|||||
||||||Chartered
Accountants|||and Registered|Auditors|
||||||27 Bridgeland|Street||||
||||||BIDEFORD|||||
||||||Devon|||||
||||||EX392PZ|||||
||||Solicitors||Bazeley Barnes|4Bazeley||||
||||||24 Bridgeland|Street||||
||||||BIDEFORD|||||
||||||Devon|||||
||||||EX392QB|||||
||||Bankers||National
Westminster|||Bank pic||
||||||41 High Street|||||
||||||BARNSTAPLE|||||
||||||Devon|||||
||||||EX311DA|||||
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|2022|||||||
|---|---|---|---|---|---|---|
|||||||Total|
|||||||22|
||||||Total|December|
||||||31|2020 to 31|
||||||December|December|
|||Unrestricted|Restricted|Endowment|2022|2021|
||Note||||||
|Income and Endowments|from:||||||
|Donations
and legacies|3|1,000|||1,000|200|
|Investment
income|4|878,257|||878,257|865,640|
|Total income||879,257|||879,257|865,840|
|Expenditure
on:|||||||
|Raising funds|5|(357,733)|(50)|(11,981)|(369,764)|(334,745)|
|Charitable
activities|6|(703,861)|||(703,861)|(565,490)|
|Other expenditure|7|(1,000)|||(1,000)|(1,000)|
|Total expenditure||(1,062,594)|(50)|(11,981)|(1,074,625)|(901,235)|
|Gains/losses
on
investment
assets
Net movement
in funds||(112,322)
(295,659)|(50)|71,079
59,098|(41,243)
(236,611)|1,573,272
1,537,877|
|ReconciTiation offunds|||||||
|Total funds brought
forward||1,077,830|200|19,647,556|20,725,586|19,187,709|
|Total funds carried|||||||
|forward|17|782,171|150|19,706,654|20,488,975|20,725,586|
##
##
|BALANCE|SHEET|ASAT 31DECEMBER2022||||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|||
|Fixed assets||||||
|Investments|||12|20,506,007|20,556,639|
|Current assets||||||
|Stocks|||13|277|760|
|Debtors|||14|84,076|79,339|
|Cash at bank|and in hand||15|109,378|257,094|
|||||193,731|337,193|
|Creditors: Amounts||falling due within one year|16|(210,763)|(168,246)|
|Net current|0iabilities)/assets|||(17,032)|168,947|
|Net assets||||20,488,975|20,725,586|
|Funds ofthe|charity:|||||
|Endowment
funds
Restricted income funds
Restricted funds||||19,706,654
150|19,647,556
200|
|Unrestricted|income|funds||||
|Unresu icted
Total funds|funds||17|782,171
20,488,975|1,077,830
20,725,586|
##
##
||||CASH FLOW STATEME||N|T FORTHE YEARENDED|31DECEM|BER2022||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31|31|
|||||||||December|December|
|||||||||2022|2021|
||||||||Note|||
||||Cash flows from operating|||activities||||
||||Net cash expenditure|||||(195,368)|(35,395)|
||||Adjustments
to cash flows||from non-cash items|||||
||||Investment
income||||4|(878,257)|(865,640)|
|||||||||(1,073,625)|(901,035)|
||||Working capital adjustments|||||||
||||Decrease in stocks||||13|483||
||||Increase in debtors||||14|(4,737)|(6,501)|
||||Increase in creditors||||16|42,517|52,119|
||||Net cash flows from operating
activities|||||(1,035,362)|(855,417)|
||+|Vl|Cash flows from investing||activities|||||
|2
LU
)|Q/ Z
pi
III»
0||Interest receivable
and similar income
Purchase ofinvestments
Sale ofinvestments||||4
12|878,257
(82,500)
91,889|865,640|
|Qtr)~|||Net cash flows from investing|||activities||887,646|865,640|
|||z|Net (decrease)/increase
in|cash and cash equivalents||||(147,716)|10,223|
|||U||||||||
||||Cash and cash equivalents|at||1January||257,094|246,871|
||||Cash and cash equivalents|at||31December||109,378|257,094|
##
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##
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##
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##
##
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##
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##
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##
##
##
##
##
##
##
##
||||3 INCOME|FR|OM DONAT|IONS
AND LEGACIES||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|||
||||||||funds|Total|Total|
||||||||General|2022|2021|
||||Donations
and legacies;|||||||
|tungi|||Donations|from|companies,|trusts and similar proceeds|1,000|1,000||
||||Donations|from|individuals||||200|
||||||||1,000|1,000|200|
||+|Vl||||||||
||Q/|Z|4 INVESTMENT INCOME|||||||
|LU
)|tII|»
0|||||Unrestricted
funds|Total|Total|
||||||||General|2022|2021|
|Gnarl~||||||||||
|Ri|||Interest receivable
and similar income;
Interest receivable on bank deposits||||338|338|36|
||||Other income from fixed asset|||investments|124,228|124,228|123,729|
||||Other investment||income||30|30|16|
||||Income from|rents|||753,661|753,661|741,859|
||||||||878,257|878,257|865,640|
##
##
##
##
||||A)INVESTMENT|MANAGEM|ENT
COST
Unrestricted|S|Endowment|||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Total|
||||||||||22|
|||||||||Total|December|
|||||||||31|2020 to 31|
|||||||||December|December|
||||||General|Restricted|Permanent|2022|2021|
||||Other investment
management|||||||
||||costs;|||||||
||||Bookpurchases||483|||483||
||||Void rates and water rates||1,607|||1,607|671|
||+|Vl|Lighting
and heating oftrust|||||||
|Q/ Z
(Ega
LU (II»
)
0|||properties
Insurance
Repairs and servicing costs||8,062
20,584
264,910|||8,062
20,584
264,910|3,164
16,305
247,373|
||||Printing,
stationery|and||||||
|Qu)~|||software||615|||615|641|
|Ri|||Sundry expenses
Sundry expenses||1,225|50||50
1,225|40|
||||Cleaning,
gardener|and||||||
||||caretaker||3,843|||3,843|3,011|
||||Warden's
fees||28,800|||28,800|29,174|
||||Steward's fees (50%)||19,350|||19,350|20,194|
||||Advertising||863|||863|2,315|
||||Professional
fees||||2,591|2,591|400|
||||Professional
fees||5,315|||5,315|7,589|
||||Book-keeping
and Xero|||||||
||||support||390|||390|2,133|
||||Bank charges||1,686|||1,686|1,735|
||||(Gain)/loss
on programme|||||||
||||related investments||||9,390|9,390||
||||||357,733|50|11,981|369,764|334,745|
##
##
##
|6 EXPEN|DITURE ON CHARITAB|LE ACTIVITIES|||
|---|---|---|---|---|
|||Unrestricted|||
|||funds|Total|Total|
|||||22December|
|||||2020to 31|
||||31December|December|
|||General|2022|2021|
|Grant funding ofactivities||668,559|668,559|529,888|
|Allocated support costs||1,618|1,618|2,251|
|Governance|costs|33,684|33,684|33,351|
|||703,861|703,861|565,490|
##
||||Unrestricted|||
|---|---|---|---|---|---|
||||||Total|
||||||22|
|||||Total|December|
|||||31|2020 to 31|
|||||December|December|
||||General|2022|2021|
|Bridge|Maintenance|Order|1,000|1,000|1,000|
||||1,000|1,000|1,000|
##
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|Name of|institution||||||
|Appledore|Book Festival|||||5,000|
|1stWoolsery Scouts
Appledore
Band
Appledore
Footbau Club
Appledore
Maritime
Heritage Trust|||||750
1.500
3.000
10.000|2,700
1,000
3,000
12,500|
|Atlantic Racquet Centre
Bideford Amateur
Athletic Club|||||140,000|3,470|
|Bideford
Bideford|and District Archive Council
Amateur Footban Club
—Youth||||1.750
4.000|1,050
5,000|
|Bideford|Amateur
Rowing Club||||5.000|5,000|
|Bideford|and District SeaCadets|||||2,000|
|Bideford|Baptist Church|||||5,000|
|Bideford|Blues &Appledore
Junior FC||||6.000|6,000|
|Bideford|Canoe Club|||||2,000|
|Bideford|Carnival||||1.500|1,500|
|Becky's Christmas
Toy Bank|||||1.800|1,500|
|Bideford|College
—Battlefield Trip||||2.000||
|Bideford|College
—Duke ofEdinburgh|contribution|||3.680||
|Bideford.|Littleham &Westward
Hol|Cricket Club|(Colts Section)||5.000|5,000|
|Bideford|College
—Enrichment
Week|transport|||5.000||
|Bideford|Railway Heritage Centre||||4.000|4,720|
|Bideford|Methodist Church||||10.000|10,000|
|Bideford|Rugby Club Limited||||4.000|5,000|
|Bideford|Street Pastors and School Pastors||||4.000||
|Bideford|Massed Pipes &Drums||||3.000||
|Bideford|Youth Pipe Band||||2.000||
|Buckland|Brewer Methodist
Church (including 2018|||Youth Project)|2.500|1,000|
|Bideford|Rotary Club
—Water Festival||||1.750||
|Burton at|Bideford||||5.000||
##
##
||||(CONTINUED)|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Clovelly Pilot Gig Club|||||||2.000|2,500|
||||East-the-Water
Comnnuuty
Primary School|||||||11.830|14,970|
||||Edukid|||||||2.000|2,000|
||||Go North Devon Ltd (Cancer Care Service)|||||||2.000|2,000|
||||Harbour Bideford|||||||3.000|3,000|
||||Holy Trinity Church. Westward||Ho!|||||2.000|2,000|
||||Friends ofNortbam Schools|||||||2.000||
||||Home-Start
Torridge and North||Devon|||||4.500|6,000|
||||Langtree Parish HaB||||||||3,000|
||||Lavington
United Reform Church|||||||4.000|3,500|
||||Lemon Jegy Youth Work|||||||3.000|3,000|
||||Monkleigh
Primary School|||||||2.600|7,500|
||||Noah's Place Care Farm||||||||1,500|
||||Little Green Town Bideford|||||||3.000||
||||North Devon Museum Trust||||||||5,000|
||||North Devon Display Gymnastics|||Club||||2.000||
||||North Devon Down Syndrome|Association||||||1.800|1,750|
||||North Devon Forum for Autism||Spectrum|||Conditions|and ADHD|1.800|1.800|
|IE
LLI
)|+
Vl
Q/ Z
gt-
III»
0||North Devon Hospice
Nortbam
Lions Football Club
Torridge District Guides
Torridge Voluntary
Services
—3||C's Warm Hub Scheme|||||16.000
1.500
1.500
6.000|16,000
1.800|
||||Nortbam Methodist Church|||||||1.500|2,000|
|QM~|||Transport
Costs for School Swimming||||Lessons|||10.315|11,682|
|Ri|||Torridge Voluntary
Services
—One Atlantic
Northern
Devon Food Bank|||||||8.000|4,663|
||||Up Close Theatre|||||||4.000|5,000|
||||Way ofthe Wharves Project|||||||1.000|2,000|
||||Westcroft School
—Computers||||||||8,432|
||||Weare Giffard Village Hall|||||||1.000|5,000|
||||Over and Above|||||||10.000|10,000|
||||South West Heritage Trust
—North|||Devon||Record Office||6.000|6,000|
||||Parkbam Allardice
Hall|||||||1.000|1,500|
||||Sandymere
Blues Football Club|||||||1.500||
||||South West Blood Bikes|||||||3.000||
||||StMary's Parish Church. Bideford||||||||10,000|
||||School Swimming
Lessons (1610Limited|||||and Active|Torridge)|29.156|36,443|
||||StHelen's Church.
Abbotsham||||||||2,000|
||||South West Event Management||Solutions|||—New Year|Event||1,500|
||||Store Homelessness
Project||||||||2,500|
||||Steamship
Freshspring
Society|||||||7.000|8,798|
||||Tarka Child Contact Centre|||||||3.000|3,000|
||||Torridge. N Devon. Mid &West|||Devon Citizens Advice Bureau||||4.000||
||||Torridge Voluntary
Services
—Bideford||||Volunteer
Centre|||13.000|6,500|
||||Torridge Voluntary
Services
—Financial||||Inclusion Project||||6,500|
||||Torridgeside
Amateur
Swimming|||Club||||2.000|2,000|
##
##
|(CONTINUED)||||
|---|---|---|---|
|Westward
Hol Community|Association|4.000|5,000|
|Grants under KI,800 ro institutions||41.743|31,220|
|Business Start-Ups||82.967|114,784|
|Taxi Voucher Scheme||18.716|9.148|
|Book. Bursary. Social and|Training|115,902|74,461|
|||668,889|829.888|
|9 ANALYSIS OF GOVERNANCE|9 ANALYSIS OF GOVERNANCE|AND SUPPORT COSTS|AND SUPPORT COSTS|||
|---|---|---|---|---|---|
|Charitable
activities expenditure||||||
||||Unrestricted|||
||||funds|Total|Total|
|||Basis of|General|2022|2021|
|||allocation||||
|Supportcosts||A|1,618|1,618|2,251|
|Governance
costs|||33,684|33,684|33,351|
|Support costs allocated to charitable||activities|Administration
35,302|Total
35,302|Total
35,602|
||Basis of||costs|2022|2021|
||allocation|||||
|Printing
and stationery
costs for
Torridge Taxi Voucher Scheme|A||||875|
|Administration
costs for Torridge||||||
|Taxi Voucher Scheme|A||1,618|1,618|1,376|
||||1,618|1,618|2,251|
##
##
##
##
##
##
|||||Unrestricted|||
|---|---|---|---|---|---|---|
|||||||Total|
|||||||22|
||||||Total|December|
||||||31|2020 to 31|
||||||December|December|
|||||General|2022|2021|
|Steward's fees l50%l||||19,350|19,350|20,193|
|Accountancy|fees|||4,500|4,500|4,100|
|The audit of|the charity's||annual accounts|9,300|9,300|8,500|
|Professional|indemnity|insurance||534|534|558|
|||||33,684|33,684|33,351|
##
##
##
|12FIXEDASSET INVESTMENTS|12FIXEDASSET INVESTMENTS|12FIXEDASSET INVESTMENTS|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Investment
properties|||||16,565,000|15,965,000|
|Other investments|||||3,941,007|4,591,639|
||||||20,506,007|20,556,639|
|INVESTMENT PROPERTIES|||||||
|||||||Investment|
|||||||properties|
|At valuation|||||||
|At 1January 2022||||||15,965,000|
|Revaluation||||||517,500|
|Additions||||||82,500|
|At 31December 2022
Provision||||||16,565,000|
|At 31December 2022|||||||
|Net book value
At 31December 2022||||||16,565,000|
|At 31December 2021||||||15,965,000|
|Valuation ofinvestment|properties|is|by an independent||valuer.||
|Purchases
and major refurbishments|||ofproperties|in the|year are included at cost.||
##
##
##
||||||||Other||
|---|---|---|---|---|---|---|---|---|
||||||||investments|Total|
||||At valuation||||||
||||At I January 2022||||4,591,639|4,591,639|
||||Revaluation||||(558,743)|(558,743)|
||||Disposals||||(91,889)|(91,889)|
||||At 31December 2022||||3,941,007|3,941,007|
||||Net book value||||||
||||At 31December 2022||||3,941,007|3,941,007|
||||At 31December 2021||||4,591,639|4,591,639|
||+|Vl|All other investments|are in the Charities|Official Investment|Fund.|||
|Q/ Z
tEgi
LU (II»
)
0|||||||||
|Qu)~|||13STOCK||||31|31|
|Ri|||||||December
2022|December
2021|
|31|31|
|---|---|
|December|December|
|2022|2021|
|277|760|
##
##
||14DEBTORS|||
|---|---|---|---|
|||2022|2021|
||Trade debtors|52,711|46,923|
||P repayments|11,482|9,733|
||Other debtors|19,883|22,683|
|||84,076|79,339|
||Debtors includes 17,883(2021:20,683)receivable after more than one year.|||
|||2022|2021|
||Other debtors|17,883|20,683|
|& m|15CASH AND CASH EQUIVALENTS|||
|Q/ Z
tEgi
LU tII »
)Z8|Cash on hand|2022
5|2021
5|
||Cash at bank|109,373|257,089|
|||109,378|257,094|
||16CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2022|2021|
||Trade creditors|27,371|23,397|
||VAT payable|5,726|6,031|
||Other creditors|117,828|82,217|
||Accruals|59,838|56,601|
|||210,763|168,246|
##
##
##
||||17FUNDS|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Other|Balance at|
||||||Balance atI|Incoming|Resources|recognised|31December|
||||||January 2022|resources|expended|gains/(losses)|2022|
||||Unrestricted|funds||||||
||||General||1,077,830|879,257|(1,062,594)|(112,322)|782,171|
||||Restricted funds||200||(50)||150|
||||Endowment|funds||||||
|tungi|||Permanent||19,647,556||(11,981)|71,079|19,706,654|
||||Total funds||20,725,586|879,257|(1,074,625)|(41,243)|20,488,975|
||||||Balance at 22|||Other|Balance at|
||+
Q/|Vl
Z|||December
2020|Incoming
resources|Resources
expended|recognised
gains/(losses)|31December
2021|
|LU
)|tII|»
0|Unrestricted|funds||||||
|Qu)~|||General||1,004,206|865,640|(900,835)|108,819|1,077,830|
|Ri|||Restricted funds
Endowment
funds|||200|||200|
||||Permanent||18,183,503||(400)|1,464,453|19,647,556|
||||Total funds||19,187,709|865,840|(901,235)|1,573,272|20,725,586|
##
##
##
##
|||ISANALYSIS OF NET ASSETSBE|TWEEN FUNDS||||
|---|---|---|---|---|---|---|
|||||||Total|
|||||||funds at|
||||Unrestricted||Endowment|31|
||||funds|Restricted|funds|December|
||||General|funds|Permanent|2022|
|||Fixed asset investments|792,247||19,713,760|20,506,007|
|||Current assets|193,581|150||193,731|
|||Current liabilities|(203,657)||(7,106)|(210,763)|
|||Total net assets|782,171|150|19,706,654|20,488,975|
|||||||Total|
|||||||funds at|
||||Unrestricted||Endowment|31|
||||funds|Restricted|funds|December|
|+|Vl||General|funds|Permanent|2021|
|Q/|Z||||||
|||Fixed asset investments|904,569||19,652,070|20,556,639|
|2: v
a~o
Od(d
Qtr)~||Current assets
Current liabilities
Total net assets|341,507
(168,246)
1,077,830|200
200|(4,514)
19,647,556|337,193
(168,246)
20,725,586|
||dz0||||||
|||19ANALYSIS OF NET FUNDS|||||
|||||At 1||At 31|
|||||January|Financing|December|
|||||2022|cash flows|2022|
|||Cash at bank and in hand||257,094|(147,716)|109,378|
|||Net debt||257,094|(147,716)|109,378|
||||At 22|||At 31|
||||December||Changes in|December|
||||2020|Cash flow|market value|2021|
|||Cash at bank and in hand|246,871|10,223||257,094|
|||Current asset investments|795,750||(795,750)||
|||Net funds|1,042,621|10,223|(795,750)|257,094|
##
##
##