```
REGISTERED CHARITY NUMBER: 238273
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements for the Year Ended 31 December 2020
```
```
for
```
```
Thornbury Consolidated Charities
```
```
Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
```
```
Thornbury Consolidated Charities
```
```
Contents of the Financial Statements
for the Year Ended 31 December 2020
```
|||**`Page`**||
|---|---|---|---|
|**`Reference and Administrative Details`**||`1`||
|**`Report of the Trustees`**|`2`|`to`|`5`|
|**`Statement of Trustees' Responsibilities`**||`6`||
|**`Independent Examiner's Report`**||`7`||
|**`Statement of Financial Activities`**||`8`||
|**`Balance Sheet`**||`9`||
|**`Notes to the Financial Statements`**|`10`|`to`|`17`|
|**`Detailed Statement of Financial Activities`**|`18`|`to`|`19`|
```
Thornbury Consolidated Charities
```
```
Reference and Administrative Details
for the Year Ended 31 December 2020
```
|**`TRUSTEES`**|`P M Morrish Trustee`|
|---|---|
||`H Harrison Trustee`|
||`T Ray Chair`|
||`S A Holloway Trustee`|
||`C Parkinson Trustee`|
||`M Powell Trustee`|
||`T Pearce Trustee`|
|**`PRINCIPAL ADDRESS`**|`23 Cumbria Close`|
||`Thornbury`|
||`Bristol`|
||`South Glos`|
||`BS35 2YE`|
|**`REGISTERED CHARITY NUMBER`**|`238273`|
|**`INDEPENDENT EXAMINER`**|`Dunkley's`|
||`Woodlands Grange`|
||`Woodlands Lane`|
||`Bradley Stoke`|
||`Bristol`|
||`BS32 4JY`|
|**`BANKERS`**|`National Westminster Bank plc`|
||`PO Box 1369`|
||`16 The Plain`|
||`Thornbury`|
||`Bristol`|
||`BS99 5HD`|
```
Page 1
```
```
Thornbury Consolidated Charities
```
## **`Report of the Trustees`**
## **`for the Year Ended 31 December 2020`**
```
Thetrusteespresenttheirreportwiththe financialstatementsofthe charityforthe yearended31 December2020.Thetrustees have
adoptedthe provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives of the charity`**
```
The objects of the charity, as contained in the Declaration of Trust are:
```
```
a) The provisionof Almshousesfor poor aged widowers,widowsor other single personsof good characterwho are residentin the area
of benefit, Thornbury.
```
```
b) The provision of relief of persons in need resident in the parish of Thornbury.
```
## **`Significant activities`**
```
Themainactivitiesofthecharitycontinuetobe in theareaofsupportfortheresidentsoftheparishofThornburywhofitour criteria
for relief in need.
```
```
Thetrusteesbelievethattheactivitiesdescribedaboveareforthepublicbenefit,throughthesupportofthoseinneedinthearea of
Thornbury.
```
## **`Public benefit`**
```
TheTrusteeshavehadregardtotheCharityCommissionguidanceonPublicBenefitandtotheneedtoreportonitsobservance and
delivery.
```
```
Page 2
```
```
Thornbury Consolidated Charities
```
```
for the Year Ended 31 December 2020
```
## **`Report of the Trustees`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
The coronaviruspandemicthat caused the first lockdownin the UK in March 2020 led to some changes in practice,such as stopping the
monthlyClerk'svisit to the almshousesand instead making telephonecalls; delayingnon-essentialworks such as a new kitchen that had
beenplannedforonealmshouseanda buildingreportthathadbeenplannedforboththealmshouseand34HighStreet:these items
and others will be carried out in 2021 as restrictions are eased.
```
```
Trusteemeetingswere movedto being 'online'via Zoom as the countrycommencedits first lockdownand this practicecontinues while
the pandemic restrictions remain.
```
```
TheTrustcontinuestomaintainthefouralmshouses,thoughplannedmaintenanceprogrammesfor2020weredelayeddueto the
CoronavirusPandemicasthesafetyoftheresidentsisparamount.SmokingisforbiddenatMillardHouse,otherthanina designated
outdoorsheltered area; however,the occasionalsmell of cigarettesmoke continuesto be an issue. In additionto the existing air filter in
the communalhallway,a smallerfilterhas been providedforthe homeofonetenantwhosufferswiththe fumes;plansare underway
for fitting a smoke detector in the communal hallway.
```
```
The Trust supported70 individualsat Christmastime who fit our criteria for help within the parish. This help was maintainedat £120 per
person and the cash was deliveredby hand by the Trustees and Clerk. A total of £8,400 was providedunder this categoryand in addition
a grant of £150 was made to the individual who maintains the allotment's grassy paths.
```
```
TheTrustalsosupportedsevenlocalgroupsandorganisationsatChristmastimewithgrantsrangingfrom£200to£550.Six further
groupsthat usuallyreceiveChristmasfunds were not runningthis year becauseof the pandemic,so funds were not required.A total of
£2,175 was provided under this category.
```
```
Asanticipatedinlightofthepandemic,thecharityconsideredanincreasednumberofapplicationsfromindividualsin financial
difficultiesandapprovedgrantsforthepurchaseoffurniture,whitegoods,schooluniforms,food,assistancewithdebtreliefand help
withthe costof a memorialheadstone.The charityalsocontinuedto providetop up fees to enableone personto stayin a care home.
£1,600wasgiventoPHASEtosupportcounsellingforyoungpeople,and£1,980wasgiventoJigsawforthedevelopmentof a
counsellingprogrammeaimed at primaryschools.Supportwith runningcostswas given to both New Start Debt Adviceand the Citizens
Advice Bureau, to the value of £1,200 and £1,450 respectively.
```
```
In total,£9,752was given to help individualslivingin the localcommunity,this was an increaseof almost£7,000comparedto grants to
individualsin 2019, reflectingthe impactof coronavirusin the area. £3,600was paid to help a resident living in a care home, and £6,930
was given to local organisations.
```
```
DaggsAllotmentsprovidedasourceofjoyformanyplotholdersduringthepandemic,aswhengovernmentrulesallowed,they were
abletovisittheirplots(followingsocialdistancingandhygienemeasures)foronehourperdayduringlockdownforexercise.A great
senseofcommunitywasalsoharboured,withanewFacebookgroupcreatedforshieldingmemberstosharerequestsforhelp, and
otherstoofferhelp-thisgrouphasnowbecomeageneralpageforsharingnewsandadvice.Therearecurrently15peopleon the
waiting list for a plot.
```
```
Despitetheimpactof'lockdown'andclosureofnon-essentialbusinesses,theThornburyDeliandBarcan+Kirbycontinuedto be
tenantsthroughouttheyearat34HighStreet.Inanattempttohelpmitigatetheimpactofthevirus,theThornburyDeliwill refrain
frompayinganyinsurancemoniesowinguntilsixweeksafterthegovernmentadvicechangesfrom'workfromhome'to'goto work'.
Maintenanceworks that had been started at the end of 2019 was completed,resulting in a separate fire alarm system for Barcan + Kirby
and a completed electrical safety certificate. The electrical work and fire alarm work cost £1,823.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
At the balance sheet date, the charity had the following key totals.
```
```
The total net assets held by the charity was £960,267 (2019 - £1,001,925).
```
```
Included within this value are funds committed and invested in tangible fixed assets totalling £506,500 (2019 - £525,000)
Thenetcurrentassets£453,767(2019-£476,925)afterexcludingrestrictedfundsof£252,979(2019-£174,262)leavetotal 'free'
reserves of £200,788 (2019 - £302,663).
```
```
The majorityof these movementsresultfromthe Trust'sdecisionto moveconsiderablefunds from'free'to 'restricted'funds to ensure
future building maintenance programmes can be properly funded.
```
```
Page 3
```
```
Thornbury Consolidated Charities
```
```
for the Year Ended 31 December 2020
```
## **`Report of the Trustees`**
## **`FINANCIAL REVIEW`**
## **`Investment Powers & Policy`**
```
TheTrusteeshavethesamefullandunrestrictedpowersofinvestingandtransposinginvestmentsinallrespectsasifthey were
absolutely and beneficially entitled thereto.
```
```
TheTrusteesintendtherealvalueofthecharity'sassetstobemaintainedoverthelongtermbyinvestmentina portfolioof equities,
fixed income stocksand cash deposits.Consistentwith this objective,the Trusteeswish to obtain dividendand interest income from the
portfolio each year to contribute towards the purposes of the society.
```
## **`Reserves`**
```
TheTrusteeshaveestablishedapolicywherebytheunrestrictedfundsnotcommittedorinvestedintangiblefixedassets("the free
reserves")held by the charityshouldbe betweentwiceand fourtimesthe averageof the last three yearsexpenditure.At this level the
Trustees feel that they would be able to continue the current activities of the organisation in the event of a significant drop in funding.
Ifthisoccurreditwouldbenecessarytoconsiderhowthefundingwouldbereplacedoractivitieschangedaccordingly.Thecharity is
nowbecomingmorewidelyknownin the localcommunityand requestsforgrantsare regularlyreceivedfromvariousagenciesas well
as individuals
```
```
The average expenditure over the past three years comes to £47.8k.
```
```
The free reserves as detailed in the Financial Position section above is £200.8k, which reflects 4.2 times the average expenditure.
```
## **`REVIEW OF FUTURE DEVELOPMENTS`**
```
In2020,theTrustcontinuedtoworkwithanddeveloprelationswithhousingagencies,debtadviceagenciesandthelocalcouncil -
much of the increasein grants made in 2020 was as a result of referralsfrom these agencies,and was in large part also impactedby the
pandemic.TheTrusteeswillcontinuetosupportthoseinneedintheParishin2021,againworkingwiththelocalagenciesand also
accepting requests from individuals.
```
```
Thereareseveralmaintenanceitemsthatwilltakeplacein2021,whichweredelayedin2020.Theseincludeanewkitchenat the
almshouses,anewmobilityscootershedbeinginstalledwithanelectricalsupply,andbuildingreportstobecarriedoutonboth the
almshouses and 34 High Street.
```
```
TheTrustisalsolookingtomovetoanewbankaccountwhereonlinetransactionscanbemadeusingdualsignatures;the current
bankingsystemhasprovendifficultin2020withmanyplacesnotacceptingcheques,anditwillbeausefulswitchfor future
transactions in general.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```
## **`Charity constitution`**
```
The charity is constituted by a scheme dated 22 April 1981, although the Charity can be traced back to its inception in the 1880s.
```
## **`Appointment of Trustees`**
```
ThreetrusteesarenominatedbyThornburyTownCouncil,thesetrusteesserveforatermoffouryears.Fourtrusteeswho are
considered to have a special knowledge of Thornbury are co-opted and serve for a five-year term. They are chosen by the trustees.
```
## **`Organisational structure`**
```
The organisation responsible for administering Thornbury Consolidated Charities is Thornbury Town Trust.
```
## **`Clerk to the Trust`**
```
Mrs Sally Bertramcontinuesin the role of Clerk to the Trust.It has been a difficultyear for the Trust becauseof The Covid19 pandemic
resulting in no physicalmeetings during the year. Mrs Bertram devised a modifiedform of agenda papers and briefing notes to assist the
TrusteesinholdingcomplexmeetingssuccessfullybyZoomtechnologyaswellasefficientlymanagingtheday-to-dayhandlingof the
Trust's accounts and charitable objectives.
```
```
Page 4
```
```
Thornbury Consolidated Charities
```
```
for the Year Ended 31 December 2020
```
## **`Report of the Trustees`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk review`**
```
TheTrusteescarriedoutanannualreviewoftherisksfacedandtheproceduresestablishedtomanagethoserisks.Internalrisks are
minimisedbytheimplementationofeffectivecontrolprocedures,whichensurebothappropriateauthorisationofalltransactions and
projectsand consistentqualityof deliveryfor all operationalaspectsof the charity.These procedureswere reviewedin November 2020
and through in to 2021 for their continuing effectiveness.
```
```
The Trustees were content that they had sufficient funds to carry out major structural repairs at the Almshouses and 34 High Street.
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
.................................................................................
Trustee
```
```
Page 5
```
```
Thornbury Consolidated Charities
```
## **`Statement of Trustees' Responsibilities for the Year Ended 31 December 2020`**
```
The trustees are responsiblefor preparing the Report of the Trustees and the financialstatementsin accordancewith applicablelaw and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Thelawapplicabletocharitiesin EnglandandWales,theCharitiesAct2011,Charity(AccountsandReports)Regulations2008and the
provisionsof the trustdeed requiresthe trusteesto preparefinancialstatementsfor each financialyear whichgive a true and fair view
ofthe stateofaffairsofthe charityand ofthe incomingresourcesand applicationofresources,includingthe incomeand expenditure,
of the charity for that period. In preparing those financial statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytimethe financial
positionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththeCharitiesAct2011,the Charity
(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyarealsoresponsibleforsafeguardingtheassets of
the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
```
```
Page 6
```
## **`Independent Examiner's Report to the Trustees of Thornbury Consolidated Charities`**
## **`Independent examiner's report to the trustees of Thornbury Consolidated Charities`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofThornburyConsolidatedCharities(theTrust)fortheyear ended
31 December 2020.
```
## **`Responsibilities and basis of report`**
```
As the charitytrusteesof the Trustyou are responsiblefor the preparationof the accountsin accordancewiththe requirementsof the
Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
I havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe drawn in
this report in order to enable a proper understanding of the accounts to be reached.
```
```
Michael Dunkley
FCA
Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
```
```
Date: .............................................
```
```
Page 7
```
```
Thornbury Consolidated Charities
```
## **`Statement of Financial Activities`**
## **`for the Year Ended 31 December 2020`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`Millard House Almshouses`
`Daggs Allotments`
`Investment income`
`2`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`3`
**`Charitable activities`**
`General support in Thornbury`
`Millard House Almshouses`
`Daggs Allotments`
`Xmas community support`
`Miscellaneous Donations`
`34 High Street`
`Nursing Home Fees`
`Other`
**`Total`**
`Net gains/(losses) on investments`
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
`13`
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`11,187`
`-`
`30,831`
`3,808`
`45,826`
`3,220`
`3,134`
`1,848`
`-`
`10,966`
`16,880`
`322`
`3,600`
`7,269`
`47,239`
`(13,298)`
`(14,711)`
`(61,401)`
`(76,112)`
`751,900`
`675,788`|`Restricted`
`fund`
`£`
`-`
`-`
`9,050`
`-`
`9,050`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`1,037`
`1,037`
`(16,460)`
`(8,447)`
`61,401`
`52,954`
`200,025`
`252,979`|`Endowment`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`(18,500)`
`(18,500)`
`-`
`(18,500)`
`50,000`
`31,500`|`31.12.20`
`Total`
`funds`
`£`
`11,187`
`-`
`39,881`
`3,808`
`54,876`
`3,220`
`3,134`
`1,848`
`-`
`10,966`
`16,880`
`322`
`3,600`
`8,306`
`48,276`
`(48,258)`
`(41,658)`
`-`
`(41,658)`
`1,001,925`
`960,267`|`31.12.19`
`Total`
`funds`
`as restated`
`£`
`8,110`
`2,449`
`40,591`
`-`|
|---|---|---|---|---|---|
||||||`51,150`
`1,450`
`-`
`1,198`
`1,691`
`13,579`
`10,704`
`-`
`8,886`
`11,124`|
||||||`48,632`
`126,791`|
||||||`129,309`
`-`|
||||||`129,309`
`872,616`|
||||||`1,001,925`|
```
The notes form part of these financial statements
```
```
Page 8
```
```
Thornbury Consolidated Charities
```
## **`Balance Sheet`**
## **`31 December 2020`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`8`
`Investment property`
`9`
**`CURRENT ASSETS`**
`Debtors`
`10`
`Investments`
`11`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`12`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`13`
`Unrestricted funds`
`Restricted funds`
`Endowment funds`
**`TOTAL FUNDS`**|`Unrestricted`
`funds`
`£`
`200,000`
`275,000`
`475,000`
`3,018`
`182,049`
`18,546`
`203,613`
`(2,825)`
`200,788`
`675,788`
`675,788`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`225,253`
`27,726`
`252,979`
`-`
`252,979`
`252,979`
`252,979`|`Endowment`
`fund`
`£`
`-`
`31,500`
`31,500`
`-`
`-`
`-`
`-`
`-`
`-`
`31,500`
`31,500`|`31.12.20`
`Total`
`funds`
`£`
`200,000`
`306,500`
`506,500`
`3,018`
`407,302`
`46,272`
`456,592`
`(2,825)`
`453,767`
`960,267`
`960,267`
`675,788`
`252,979`
`31,500`
`960,267`|`31.12.19`
`Total`
`funds`
`as restated`
`£`
`200,000`
`325,000`|
|---|---|---|---|---|---|
||||||`525,000`
`2,116`
`420,165`
`57,781`|
||||||`480,062`
`(3,137)`|
||||||`476,925`|
||||||`1,001,925`|
||||||`1,001,925`|
||||||`751,900`
`200,025`
`50,000`|
||||||`1,001,925`|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon.............................................and were
signed on its behalf by:
```
```
.............................................
Trustee
```
```
The notes form part of these financial statements
```
```
Page 9
```
```
Thornbury Consolidated Charities
```
```
Notes to the Financial Statements
```
```
for the Year Ended 31 December 2020
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthe charity,whichis a publicbenefitentityunderFRS 102,havebeen preparedin accordance with
theCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1 January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicable in
theUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthe historical
cost convention, as modified by the revaluation of certain assets.
```
## **`Income`**
```
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
```
```
Grants offeredsubject to conditionswhich have not been met at the year end date are noted as a commitmentbut not accrued
as expenditure.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Freehold property- not provided
```
## **`Investment property`**
```
Investmentpropertyisshownatmostrecentvaluation.Anyaggregatesurplusordeficitarisingfromchangesinfairvalue is
recognised in the Statement of Financial Activities.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`Hire purchase and leasing commitments`**
```
Rentalspaid underoperatingleasesare chargedto the Statementof FinancialActivitieson a straightline basisoverthe period
of the lease.
```
```
continued...
```
```
Page 10
```
```
Thornbury Consolidated Charities
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
```
## **`2. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||||
|---|---|---|---|---|
||||`31.12.20`|`31.12.19`|
|||||`as restated`|
||||`£`|`£`|
|`Rental Income -34 High Street`|||`23,475`|`23,575`|
|`Other investment income`|||`-`|`385`|
|`Deposit account interest`|||`42`|`7`|
|`CAIF Accumulation Units (Sinking Fund)`|||`7,314`|`9,877`|
|`CAIF Accumulation Units (Extraordinary Repair Fund)`|||`9,050`|`6,747`|
||||`39,881`|`40,591`|
|**`RAISING FUNDS`**|||||
|**`Raising donations and legacies`**|||||
||||`31.12.20`|`31.12.19`|
|||||`as restated`|
||||`£`|`£`|
|`Insurance`|||`485`|`(507)`|
|`Maintenance`|||`971`|`715`|
|`Support costs`|||`1,764`|`1,242`|
||||`3,220`|`1,450`|
|**`SUPPORT COSTS`**|||||
||||`Governance`||
||`Management`||`costs`|`Totals`|
||`£`||`£`|`£`|
|`Raising donations and legacies`|`1,500`||`264`|`1,764`|
|`General support in Thornbury`|`2,666`||`468`|`3,134`|
|`Millard House Almshouses`|`1,572`||`276`|`1,848`|
|`Xmas community support`||`205`|`36`|`241`|
|`Miscellaneous Donations`||`615`|`108`|`723`|
|`34 High Street`||`274`|`48`|`322`|
||`6,832`||`1,200`|`8,032`|
## **`3. RAISING FUNDS Raising donations and legacies`**
## **`4. SUPPORT COSTS`**
```
ActivityBasis of allocation
ManagementSplit support costs based on time spent
Governance costsSplit support costs based on time spent
```
```
continued...
```
```
Page 11
```
```
Thornbury Consolidated Charities
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 31 December 2020
```
## **`4. SUPPORT COSTS - continued`**
```
Support costs, included in the above, are as follows:
```
||`Raising`|`General`|||
|---|---|---|---|---|
||`donations`|`support`|`Millard`|`Xmas`|
||`and`|`in`|`House`|`community`|
||`legacies`|`Thornbury`|`Almshouses`|`support`|
||`£`|`£`|`£`|`£`|
|`Clerk`|`1,422`|`2,523`|`1,488`|`194`|
|`Other operating leases`|`4`|`9`|`5`|`1`|
|`Advertising`|`74`|`134`|`79`|`10`|
|`Accountancy`|`264`|`468`|`276`|`36`|
||`1,764`|`3,134`|`1,848`|`241`|
||||`31.12.20`|`31.12.19`|
|||||`as restated`|
||`Miscellaneous`|`34 High`|`Total`|`Total`|
||`Donations`|`Street`|`activities`|`activities`|
||`£`|`£`|`£`|`£`|
|`Clerk`|`582`|`259`|`6,468`|`6,932`|
|`Other operating leases`|`2`|`1`|`22`|`109`|
|`Advertising`|`31`|`14`|`342`|`-`|
|`Accountancy`|`108`|`48`|`1,200`|`1,243`|
||`723`|`322`|`8,032`|`8,284`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2020norfortheyear ended
31 December 2019.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
||`Unrestricted`|`Restricted`|`Endowment`|`Total`|
|---|---|---|---|---|
||`funds`|`fund`|`fund`|`funds`|
|||||`as restated`|
||`£`|`£`|`£`|`£`|
|**`INCOME AND ENDOWMENTS FROM`**|||||
|**`Charitable activities`**|||||
|`Millard House Almshouses`|`8,110`|`-`|`-`|`8,110`|
|`Daggs Allotments`|`2,449`|`-`|`-`|`2,449`|
|`Investment income`|`33,844`|`6,747`|`-`|`40,591`|
|**`Total`**|`44,403`|`6,747`|`-`|`51,150`|
|**`EXPENDITURE ON`**|||||
|`Raising funds`|`1,450`|`-`|`-`|`1,450`|
|**`Charitable activities`**|||||
|`Millard House Almshouses`|`1,198`|`-`|`-`|`1,198`|
|`Daggs Allotments`|`1,691`|`-`|`-`|`1,691`|
|`Xmas community support`|`13,579`|`-`|`-`|`13,579`|
|`Miscellaneous Donations`|`10,704`|`-`|`-`|`10,704`|
```
continued...
```
```
Page 12
```
```
Thornbury Consolidated Charities
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2020`**
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
||`Unrestricted`|`Restricted`|`Endowment`|`Endowment`|`Total`|
|---|---|---|---|---|---|
||`funds`|`fund`|`fund`||`funds`|
||||||`as restated`|
||`£`|`£`|`£`||`£`|
|`Nursing Home Fees`|`8,886`|`-`||`-`|`8,886`|
|`Other`|`11,124`|`-`||`-`|`11,124`|
|**`Total`**|`48,632`|`-`||`-`|`48,632`|
|`Net gains on investments`|`104,081`|`22,710`||`-`|`126,791`|
|**`NET INCOME`**|`99,852`|`29,457`||`-`|`129,309`|
|**`Transfers between funds`**|`(25,763)`|`(24,237)`|`50,000`||`-`|
|**`Net movement in funds`**|`74,089`|`5,220`|`50,000`||`129,309`|
|**`RECONCILIATION OF FUNDS`**||||||
|**`Total funds brought forward`**|`677,811`|`194,805`||`-`|`872,616`|
|**`TOTAL FUNDS CARRIED FORWARD`**|`751,900`|`200,025`|`50,000`||`1,001,925`|
## **`7. PRIOR YEAR ADJUSTMENT`**
```
Duringthe yearthe trusteesreclassifiedthe DaggsAllotmentspreviouslyheld withinfreeholdpropertyas an endowment fund
in recognitionof the originaldonorswishes,the allotmentwas also reclassifiedas an investmentpropertyafter a reviewof the
Charity SORP. This has been reflected in the comparative year. The full value held of £50,000 has been corrected.
```
```
Thetrusteesalsoreclassifiedthemaintenancedepositaccountstorestrictedfundsinlinewithspendingrestrictions,this has
been reflected in the comparative year. The year end value held of £27,726 has been corrected.
```
## **`8. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 January 2020 and 31 December 2020`
**`NET BOOK VALUE`**
`At 31 December 2020`
`At 31 December 2019`|`Freehold`
`property`
`£`
`200,000`|
|---|---|
||`200,000`|
||`200,000`|
```
continued...
```
```
Page 13
```
```
Thornbury Consolidated Charities
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 31 December 2020
```
## **`9. INVESTMENT PROPERTY`**
|**`INVESTMENT PROPERTY`**||
|---|---|
|**`FAIR VALUE`**
`At 1 January 2020`
`Revaluation`
`At 31 December 2020`
**`NET BOOK VALUE`**
`At 31 December 2020`
`At 31 December 2019`|`£`
`325,000`
`(18,500)`|
||`306,500`|
||`306,500`|
||`325,000`|
```
The propertiesare valuedto an openmarketvalueby the trustees,withsufficientregularityto ensurethatthe carrying values
are a fair representation of their market value.
```
## **`10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
||`31.12.20`|`31.12.19`|
|||`as restated`|
||`£`|`£`|
|`Trade debtors`|`1,716`|`-`|
|`Prepayments`|`1,302`|`2,116`|
||`3,018`|`2,116`|
|**`CURRENT ASSET INVESTMENTS`**|||
||`31.12.20`|`31.12.19`|
|||`as restated`|
||`£`|`£`|
|`Listed investments`|`407,302`|`420,165`|
## **`11. CURRENT ASSET INVESTMENTS`**
||`Trust`
`Investments`|`Restricted`
`Extraordinary`
`repairs funds`|`Total31.12.20`|`Total31.12.19`|
|---|---|---|---|---|
||`£`|`£`|`£`|`£`|
|`Market value as at 1 January 2020`|`188,032`|`232,133`|`420,165`|`396,303`|
|`Additions`|`-`|`530`|`530`|`51,572`|
|`Disposals`|`-`|`-`|`-`|`(96,125)`|
|`Income reinvested`|`7,314`|`9,050`|`16,364`|`16,624`|
|`Net investment (losses)/gains`|`(13,298)`|`(16,460)`|`(29,758)`|`51,791`|
||||||
|`Market value as at 31 December 2020`|`182,048`|`225,253`|`407,301`|`420,165`|
||||||
```
The investments held are shown at an open market value of commonly traded shares and units.
The valuation of the investments is carried out by the investment managers, CAIF and M&G.
```
```
continued...
```
```
Page 14
```
```
Thornbury Consolidated Charities
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2020`**
## **`12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Other creditors`
`Accrued expenses`
**`13.`**
**`MOVEMENT IN FUNDS`**
`At 1.1.20`
`£`
**`Unrestricted funds`**
`Unrestricted funds`
`751,900`
**`Restricted funds`**
`Extraordinary repair fund`
`200,025`
**`Endowment funds`**
`Daggs Allotment`
`50,000`
**`TOTAL FUNDS`**
`1,001,925`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`Unrestricted funds`
`45,826`
**`Restricted funds`**
`Extraordinary repair fund`
`9,050`
**`Endowment funds`**
`Daggs Allotment`
`-`
**`TOTAL FUNDS`**
`54,876`|`Net`
`movement`
`in funds`
`£`
`(14,711)`
`(8,447)`
`(18,500)`
`(41,658)`
`Resources`
`expended`
`£`
`(47,239)`
`(1,037)`
`-`
`(48,276)`|`31.12.20`
`£`
`1,625`
`1,200`
`2,825`
`Transfers`
`between`
`funds`
`£`
`(61,401)`
`61,401`
`-`
`-`
`Gains and`
`losses`
`£`
`(13,298)`
`(16,460)`
`(18,500)`
`(48,258)`|`31.12.19`
`as restated`
`£`
`1,625`
`1,512`
`3,137`
`At`
`31.12.20`
`£`
`675,788`
`252,979`
`31,500`
`960,267`
`Movement`
`in funds`
`£`
`(14,711)`
`(8,447)`
`(18,500)`
`(41,658)`|
|---|---|---|---|
```
continued...
```
```
Page 15
```
```
Thornbury Consolidated Charities
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
```
## **`13. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`Unrestricted funds`
**`Restricted funds`**
`Extraordinary repair fund`
**`Endowment funds`**
`Daggs Allotment`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.1.19`
`in funds`
`£`
`£`
`677,811`
`99,852`
`194,805`
`29,457`
`-`
`-`
`872,616`
`129,309`|`Transfers`
`between`
`At`
`funds`
`31.12.19`
`£`
`£`
`(25,763)`
`751,900`
`(24,237)`
`200,025`
`50,000`
`50,000`
`-`
`1,001,925`|
|---|---|---|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`Unrestricted funds`
**`Restricted funds`**
`Extraordinary repair fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
`44,403`
`(48,632)`
`6,747`
`-`
`51,150`
`(48,632)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`104,081`
`99,852`
`22,710`
`29,457`
`126,791`
`129,309`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`104,081`
`99,852`
`22,710`
`29,457`
`126,791`
`129,309`|
|---|---|---|---|
||||`129,309`|
```
The unrestrictedfunds reflectfunds receivedand held with no specificdirectionof applicationmade by the donors,other than
within the general objectives of the charity.
```
```
TherestrictedExtraordinaryrepairfundincludesfundscontributedspecificallytowardsthe repairsand upkeepofthe charity's
properties.
```
## **`Transfers between funds`**
```
Duringtheperiod,transferstookplacebetweenthefunds.Thesetransfersreflecttheadditionalfundstransferredinto the
Extraordinary repair fund in 2019 and 2020.
```
```
continued...
```
```
Page 16
```
```
Thornbury Consolidated Charities
```
```
Notes to the Financial Statements - continued
```
```
for the Year Ended 31 December 2020
```
## **`14. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2020.
```
```
Page 17
```
```
Thornbury Consolidated Charities
```
```
Detailed Statement of Financial Activities
for the Year Ended 31 December 2020
```
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 December 2020`**|||
|---|---|---|
||`31.12.20`|`31.12.19`|
|||`as restated`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Investment income`**|||
|`Rental Income -34 High Street`|`23,475`|`23,575`|
|`Other investment income`|`-`|`385`|
|`Deposit account interest`|`42`|`7`|
|`CAIF Accumulation Units (Sinking Fund)`|`7,314`|`9,877`|
|`CAIF Accumulation Units (Extraordinary Repair Fund)`|`9,050`|`6,747`|
||`39,881`|`40,591`|
|**`Charitable activities`**|||
|`Rents received from Millard House Almshouses`|`11,187`|`8,110`|
|`Rents received from Daggs Allotments`|`-`|`2,449`|
||`11,187`|`10,559`|
|**`Other income`**|||
|`Rents received from Daggs Allotments`|`3,071`|`-`|
|`Sundry income`|`737`|`-`|
||`3,808`|`-`|
|**`Total incoming resources`**|`54,876`|`51,150`|
|**`EXPENDITURE`**|||
|**`Raising donations and legacies`**|||
|`Insurance`|`485`|`(507)`|
|`Maintenance`|`971`|`715`|
||`1,456`|`208`|
|**`Charitable activities`**|||
|`Grants to institutions`|`8,705`|`10,682`|
|`Grants to individuals`|`21,777`|`18,334`|
||`30,482`|`29,016`|
|**`Other`**|||
|`Repairs and insurance`|`8,306`|`11,124`|
|**`Support costs`**|||
|**`Management`**|||
|`Clerk`|`6,468`|`6,932`|
|`Other operating leases`|`22`|`109`|
|`Advertising`|`342`|`-`|
||`6,832`|`7,041`|
```
This page does not form part of the statutory financial statements
```
```
Page 18
```
```
Thornbury Consolidated Charities
```
## **`Detailed Statement of Financial Activities for the Year Ended 31 December 2020`**
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 December 2020`**|||
|---|---|---|
||`31.12.20`|`31.12.19`|
|||`as restated`|
||`£`|`£`|
|**`Management`**|||
|**`Governance costs`**|||
|`Accountancy`|`1,200`|`1,243`|
|`Total resources expended`|`48,276`|`48,632`|
|**`Net income before gains and losses`**|`6,600`|`2,518`|
|**`Realised recognised gains and losses`**|||
|`Realised gains/(losses) on fixed asset investments`|`-`|`75,000`|
|`Realised gains/(losses) on programme related`|||
|`investments`|`(29,758)`|`51,791`|
|**`Net (expenditure)/income`**|`(23,158)`|`129,309`|
```
This page does not form part of the statutory financial statements
```
```
Page 19
```