2020-12-31-accounts - The Ilchester Town Trust

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`Char!^Information`
`Trustees'Report`	`2-4`
`IndependentExaminer'sReport`	`5`
`StatementofF!nancialActivités`	`6`
`BalanceSheet`
`NotestotheFinancialStatements`	`8-13`
`DetailedStatementofFinancialActivities- TownHall`	`14`
`DetailedstatementofFinancialActivities- Sportsfield`	`15`

Trustees	PeterBIggenden
	ConnorCampbe!!(resigned5hOctober2020)
	Cather!neDobson
	Chr!st!neJessop(SANHSnominee)
	RosalynMarsh(passedawayOctober2020)
	GrahamMottram(IPCnominee)(Chairman)
	StellaPickford
	SusanSmall(ViceChair)
	MartinSmith(resigned17^February2020))
	HaroldWilliams
C!erk	MaxineRead
CharityNumber	235579
PrincipalAddress	TheTownHall
	HighStreet
	!!ehester
	Yeovil
	ΒΑ228NQ
IndependentExaminer	GavinBrownFCCA
	DavidCollardandCo
	BruneiHouse
	BindonRoad
	Taunton
	Somerset
	ΤΑ26BJ

		`Unrestricted`	`Restrirted`	`Endowment`	`Totalfunds`	`Totalfunds`
		`funds`	`funds`	`funds`	`2020`	`2019`
	`Notes`	`£`	`£`		`£`	`£`
`INCOME`
`Incomeandendowmentsfrom:`
`Donationsandlegacies`		`11,450`	`15,650`		`27,100`
`Charitableactivities`		`8,037`			`8,037`	`18,850`
`Raisingfunds`	`4`					`22,907`
`Investments`	`4`	`145`		`30,079`	`30,224`	`39,805`
`Total`		`19,632`	`15,650`	`30,079`	`65,361`	`81,562`
`EXPENDITURE`
`Raisingfunds:`
`Carbootdirectcosts`	`5`	`100`			`100`	`1,412`
		`100`			`100`	`,,412`
`Charitableactivities:`
`TownHall`	`5`	`40,614`			`40,614`	`55,618`
`Sportsfleld`	`5`	`41,535`			`41,535`	`39,661`
`RomanCemete^^`	`5`		`1,830`		`1,830`
		`82,149`	`.,830`		`83,979`	`95,279`
`Total`		`82,249`	`.,830`		`84,079`	`96,691`
`NETINCOME/(EXPENDITURE)`
`BEFOREINVESTMENT`		`(62,617)`	`13,820`	`30,079`	`(18,718)`	`(15,129)`
`GAINS/(LOSSES)`
`Netgainsoninvestments`				`94,714`	`94,714`	`34,487`
`NETINCOME/(EXPENDITURE)`		`(62,617)`	`13,820`	`124,793`	`75,996`	`',358`
`Transferebetweenfunds`		`30,079`		`(30,079)`
`NETMOVEMENTINFUNDS`		`(32,538)`	`13,820`	`94,714`	`75,996`	`',358`
`RECONCILIATIONOFFUNDS:`
`Totalfundsbroughtforward`		`517,644`	`3,371`	`1,193,591`	`1,714,606`	`1,695,248`
`TOTALFUNDSCARRIED` `FORWARD`	`10`	`485,106`	`17,191`	`1,288,305`	`1,790,602`	`.,714,606`

		2020		2019
	Notes
FIXEDASSETS
Tanglb!eassets	в		314,298		328,853
Heritageassets	6
Investments			1,288,305		1,193,591
			1,602,603		.,522,244
CURRENTASSETS
Debtors	8	4,539		5,627
Cashatbankandinhand		186,730		189,430
		191,269		195,057
Creditors¡Amountsfailingduewithinone year	9	(3,270)		(2,695)
NETCURRENTASSETS			187,999		192,362
TOTALASSETSLESSCURRENTLIABILITIES			1,790,602		1,714,606
NETASSETS			.,790,602		.,714,606
FUNDS
Unrestrictedfunds	10		485,106		517,644
Restrictedfunds	10		17,191		3,371
Endowmentfunds	10		1,288,305		1,193,591
TOTALCHARITFUNDS			.,790,602		.,714,606

			`2020`	`2020`	`2019`
				£
Wagesandsalaries				26,962	27,171
Employer'snationalinsurance				223	121
				27,185	27,292
Noemployeereceivedemolumentsinexcessof£60,000.
4.IncomingResources
	Unrestricted	Restricted	Endowment	Totalfunds	Totalfunds
	funds	funds	funds	2020	2019
		£	£	£
Donationsandlegacies:
Covld19localauthoritygrants	10,000			10,000
!!ehesterYouthFootballcontribution
togoalsandpaint	1,450			1,450
Ransomstripcontributions		15,650		15,650
	.,450	15,650		27,100
Charitableactivities:
Hireoftownhall	2,973			2,973	10,050
Hireofequipment					1,099
Hireofpavilionandgrounds	4,489			4,489	7,701
Leaseofgrounds	575			575
	8,037			8,037	18,850
Raisingfunds:
Carbootsalereceipts					22,907
					22,907
Investments:
BlackRockdistributionsreceived			30,079	30,079	39,571
Bankinterestreceived	145			145	234
	145		30,079	30,224	39,805
	.,632	15,650	30,079	65,361	81,562

`.ResourcesExpended`
	`Unrestricted`	`Restrirted`	`Endowment`	`Totalfunds`	`Totalfunds`
	`funds`	`funds`	`funds`	`2020`	`201.`
	`£`				`£`
`Raisingfunds:`
Cabootdirectcosts	100			lOO	1,412
	100			100	.,412
TownHall:
Caretakerssalary	9,053			9,053	9,243
Othercleaningcosts	1,361			1,361	5,000
Heatlightandwater	5,383			5,383	8,409
Insurance	2,818			2,818	2,439
Communications	1,650			1,650	1,065
Repairsandmaintenance	10,818			10,818	12,152
Museumcosts	250			250	195
Sundries	543			543	1,327
Depreciation	1,142			1,142	1,226
Allocatedsupportcosts	7,596			7,596	14,562
	40,614			40,614	55,618
Sportsfield:
Repairsandmaintenance	9,157			9,157	9,035
Insurance	1,879			1,879	2,338
Businessrates					439
Heatlightandwater	1,243			1,243	1,396
SportssupervisorsalaD^	7,756			7,756	6,558
Grantstolocalcharitiesandcauses					1,272
Communications	543			543	347
Depreciation	15,894			15,894	18,276
Allocatedsupportcosts	5,063			5,063
	41,535			41,535	39,661
RomanCemetery:
Repairsandmaintenance		1,830		1,830
		1,830		1,830
	82,249	1,830		84,079	96,691

.TangibleAssets
	Freehold Land	Sports Pitches	Pavilion	Freehold Improvements	Equipment TownHall	Equipment Sportsfleld	Total
	£		£	£	£	£
Cost
Asat1anay2020	48,880	33,156	338,095	27,983	38,948	68,538	555,600
Additions						2,682	2,682
Asat31December2020	48,880	33,156	338,095	27,983	38,948	71,220	558,282
Depreciation
Asat1January2020			112,348	27,983	35,657	50,959	226,947
Chargefortheyear			,71		1,142	9,133	17,037
Asat31December2020			119,110	27,983	36,799	60,092	243,984
NetBookValue
Asat31December2020	48,880	33,156	218,985		2,149	11,128	314,298
Asat1January2020	48,880	33,156	225,747		3,291	17,579	328,653

reeholdlandcomprises:-
				£
Landat!!ehester(Sportsheld)(cost	1993)	N69627	16.69acres	33,380
Landat!!ehester(cost1993)		N61822	7.75acres	15,500
Landat!!chester.CorporationClose		0877
PlayAreaatTheMead,Itctiester
				48,880
FixedAssetInvestments
			2020	2019
				£
MarketValueat1Janua^,2020			1,193,591	1,159,104
Increaseinmarketvalue			94,714	34,487
Marketvalueat35December2020			1,288,305	.,193,591
Investmentsatma^etvaluecomprise:-
BLKCharitiesUKBondFundDistributionUnite82,885.103			163,284	157,979
BLKCharitiesUKEquityFundDistributionUnits174,286.785			1,125,021	1,035,612
			.,288,305	.,193,591
December 13HistoricalCostasat	2020		495,538	495,538

`8.Debtors`
	`2020`	`2019`
`Tradedebtors`	`152`	`1,240`
`c!almformonumentrepairs`	`4,387`	`4,387`
	`4,539`	`5,627`
`9.`CreditorsAmountsFallingDuewithinOneYear
	2020	2019
	£
Othertaxesandsocialsecurity		140
Accrualsanddeferredincome	3,270	2,555
	3,270	2,695

	At1。an 2020	Incoming resourceg	Resources expended	Investment Gains	Transfers	At31Dec 2020
TbwnHall Sportsfield	E 88，755 428，889	追 13，603 6，029	E （40,614）（41,635）	逼	這 30，079~	E 91，823 393，283
Unrestrictedfunds RomanCemetery RansomStrip,PrioryRoad	51フグ644 3，371 －	19，632 ー 15，650	(82,249）（1,830）~		30rO79	485，ユ06 1，541 15，650
ReStrにtedfunds	3,371	15,650	(1,830)	ー	ー	ユ7，ユ9ユ
TownHallandMuseum, IIchester					一
GreenandMarketCrossfrontingTownHalland Weighbridge			一		一
RomanCemetery, IIchester			一		一
ExhibitsinMuseum			一
Mace(onloantoCountyMuseum)			一		ー
BLKCharitiesUKBondFundDistributionUnits	157，979	5，251	』	5，305	（5,251）	163，284
BLKCharitiesUKEquityFundDistributionUnits	1，035，612	24，828		89，409	(24,828）	1，125，021
Endowmentfunds	1,193,591	30,079	＝	94,714	(30,079)1,288,305
TotaiCharityfunds	1,714,606	65,361	(84,079)	94,714	-1,790,602

	Unrestricted	Restricted	Endowment	At31DeC
	funds	funds	funds	2020
	E	退	E	E
Yearended31December2020
Fixedassets Currentassets	314，298 172，248	ー 19，021	1，288，305 ~	1,60Z,603 191，269
CreditoIslessthanlyear	（1,440）	(1,830）	~	（3,270）
Netassets	485，ユ06	ユ7，19ユ	ユ,288,3051,790,602
	Unrestricted	Restricted	Endowment	At31DeC
	fundS	funds	funds	20ユ9
	暹	逼	E	運
Yearended31December2019
Fixedassets Currentassets Creditorslessthanlyear	328，653 191，686 (2,695）	~ 3，371	1，193，591 一 ~	1,5Z2,244 195，057 （2,695）
NetaSSet室	S17r644	3"3アユ	1，193，591	1,714"606~

	`2020`	2019	2019
	這	迄
Incomingl.esources:
Hireoftownhall	2，973	１	０５０Ｊ０
Hireofequipment			９９０〃１
Leaseofgrounds	575		－
Covidl9Iocalauthoritygrants	10，000
Bankinterest	55		93
	13r603	11，242
Resourcesexpendedoncharitableactivities-TownHall:
Caretakerssalary	9，053		３４２Ｊ９
Othercleaningcosts Heat lightandwater Insurance Communications	1，361 5，383 2，818 1，650		０９９５００３６０４４０ＪＪｆ〃５８２
Repairsandmaintenance	10，818	２５１〃１１
Museumcosts	250		５９１２
Sundries	543		７２３１
Depreciation	1，142		６２２１
	33,018	41,056
SuppOltCOStS:
Clerk'ssalary	6，226	10，073
Clerk'sexpenses	260		1，232
Legal fees			676
Independentexamination	432		1，000
Accountancyservices	678		1，581
	`7'596`	１	２６５グ４
Totalresourcesexpended	40，614	５	８１６Ｊ５
Netlncome/(Expenditure)	(27,011)	(44,376)
Transferfrompermanentendowment	30，079	39，571
Netmovementinfund	3"068	(4,805)
TownHalldesignatedfUndbroughtfOrwairl	88，755	93，560
TownHalldesignatedfundcarriedforward	9ユ,823

	`2020`	201Э
	£	£
Incomingresources:
Hireofpav!!!onandgrounds	4,489	7,701
Carbootsalereceipts		22,907
!!ehesterYouthFootballcontributiontogoals	1,450
BankInterest	90	141
	6,02.	30,749
Resourcesexpendedonraisingfunds:
Carbootdirectcosts	100	1,412
	100	1,412
Resourcesexpendedoncharitableartivities-Sportsfield:
Repairsandmaintenance	9,157	9,035
Insurance	1,879	2,338
Businessrates		439
Heatlightandwater	1,243	1,396
Sportssupe^isorsalary	7,756	6,558
Grantstolocalcharitiesandcauses		1,272
Communications	543	347
Depreciation	15,894	18,276
	36,472	39,661
Supportcosts:
Clerk'ssalary	4,150
Clerk'sexpenses	173
Independentexamination	288
Accountancysendees	452
	5,063
Totalresourcesexpended	41,635	41,073
NetmovementInfund	(35,606)	(10,324)
Sportsflelddesignatedfundbroughtforward	428,889	439,213
Sportsfielddesignatedfundcarriedforward	393,283	428,889