| Contents | Page: | ||
|---|---|---|---|
| Company information |
|||
| Trustees report | 4-9 | ||
| Independent examiners |
report | 10-11 | |
| Statement offinancial |
activities | 12 | |
| Balance sheet | 13 | ||
| Notes to the financial statements | 14-19 | ||
| The following pages do not form | part ofthe statutory | financial statements | |
| Detailed income and expenditure | accounts | 20-21 |
| Statement offinancial activities | Statement offinancial activities | Statement offinancial activities | ||||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| Notes | Restricted | Unrestricted | 2020 | 2019 | ||||
| f | f | f | f | |||||
| INCOMING RESOURCES |
||||||||
| Income and endowments | from generated | funds | ||||||
| Donations and legacies |
3,965 | 3,965 | 9,706 | |||||
| Income from investments | ||||||||
| Income from charitable | activities | |||||||
| Charges to guests - Thomleigh Hotel |
142,205 | 142,205 | 411,604 | |||||
| Other income | 151,926 | 151,926 | ||||||
| TOTAI. INCOME AND ENDOWMENTS | 3,965 | 294,131 | 298,096 | 421,310 | ||||
| EXPENDITURE ON | ||||||||
| Expenditure on charitable |
activities | |||||||
| Thornleigh hotel |
617 | 295,310 | 295,927 | 405,548 | ||||
| Trust | 689 | 689 | 3,364 | |||||
| Governance costs |
262 | 262 | 1,112 | |||||
| Other expenditure | ||||||||
| Interest | 9,343 | 9,343 | 9,170 | |||||
| TOTAL EXPENDITURE | 617 | 305,604 | 306,221 | 419,194 | ||||
| Net income / (expenditure) | 3,348 | (11,473) | (8,125) | 2,116 | ||||
| OTHER GAINS AND LOSSES | ||||||||
| Transfer between reserves |
||||||||
| Capitalised during year |
9,663 | |||||||
| Net movement in funds |
3,348 | (11,473) | (8,125) | 11,779 | ||||
| Balances brought forward | at 1January 2019 | 19,349 | 579,750 | 599,099 | 587,320 | |||
| Balances carried forward | at 31December | 2019 | 22,697 | 568,277 | 590,974 | 599,099 |
| Other | ||||||||
|---|---|---|---|---|---|---|---|---|
| Direct Costs | Staff Costs | Allocated | Depreciation | Total | 2019 | |||
| Costs | ||||||||
| E | E | E | E | E | f | |||
| Direct charitable | ||||||||
| expenditure | ||||||||
| Thornleigh | Hotel | 66,038 | 175,186 | 36,272 | 17,814 | 295,310 | 390,667 | |
| Highway Trust |
689 | 689 | 3,364 | |||||
| 66,038 | 175,186 | 36,961 | 17,814 | 295,999 | 394,031 | |||
| Donations | ||||||||
| Bursary Fund | ||||||||
| Development | Fund | 617 | 617 | 14,881 | ||||
| Governance | costs | 262 | 262 | 1,112 | ||||
| Interest charges | 9,343 | 9,343 | 9,170 | |||||
| 10,222 | 10,222 | 25,163 | ||||||
| 66,038 | 175,186 | 47,183 | 17,814 | 306,221 | 419,194 |
| 2020 | 2019 | ||
|---|---|---|---|
| f | E | ||
| Hotel | manager | 29,788 | 32,135 |
| Hotel | accountant | 4,799 | 5,245 |
| 4 | NET MOVEMENT | IN FUNDS FOR THE YEAR | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| f | f. | ||||||
| This is stated after | charging: | ||||||
| Depreciation to tangible fixed assets | 17,814 | 19,428 | |||||
| Independent examiners fee |
1,500 | 1,500 | |||||
| 5 | TANGIBLE FIXEDASSETS | ||||||
| Land and | Plant & | Fixtures & | ONce | ||||
| buildings f |
Equipment f |
fittings f |
Equipment f |
Total | |||
| COST OR REVALUATION | |||||||
| At 1January 2020 | 794,670 | 55,876 | 164,523 | 15,917 | 1,030,986 | ||
| Additions | |||||||
| Reallocation | |||||||
| Disposals | (5,262) | (73,961) | (11,283) | (90,506) | |||
| At 31December 2020 | 794,670 | 50,614 | 90,562 | 4,634 | 940,480 | ||
| DEPRECIATION | |||||||
| At 1January 2020 | 36,559 | 34,233 | 130,695 | 15,332 | 216,819 | ||
| Charge for year | 6,447 | 2,793 | 8,457 | 117 | 17,814 | ||
| Disposals | (5,262) | (73,961) | (11,283) | (90,506) | |||
| At 31December 2020 | 43,006 | 31,764 | 65,191 | 4,166 | 144,127 | ||
| NET BOOK VALUE | 2020 | 751,664 | 18,850 | 25,371 | 468 | 796,353 | |
| NET BOOK VALUE | 2019 | 758,111 | 21,643 | 33,828 | 585 | 814,167 |
| 6 | DEBTORS - Amounts due within one year |
DEBTORS - Amounts due within one year |
DEBTORS - Amounts due within one year |
|||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| f | f | |||||
| Prepayments | 6,043 | 12,038 | ||||
| Other debtors | 2,116 | 3,019 | ||||
| 8,159 | 15,057 | |||||
| 7 | CASH AT BANK AND IN HAND | |||||
| 2020 | 2019 | |||||
| f | f | |||||
| Unrestricted | 103,144 | 53,943 | ||||
| Restricted | 22,697 | 19,349 | ||||
| 125,841 | 73,292 | |||||
| 8 | CREDITORS - amounts | falling due within one year | ||||
| 2020 | 2019 | |||||
| f | f | |||||
| Mortgage | 6,000 | 5,950 | ||||
| Deposits received on account | 30,459 | 23,877 | ||||
| Other taxes and social | security | 1,660 | 13,993 | |||
| Trade creditors | 6,024 | 10,892 | ||||
| Other creditors and accruals | 27,936 | 20,379 | ||||
| Loans | 5,833 | 10,000 | ||||
| 77,912 | 85,091 | |||||
| 9 | CREDITORS - amounts | falling due after more than one year | ||||
| 2020 | 2019 | |||||
| f | f | |||||
| Mortgage | 218,000 | 220,267 | ||||
| Loans | 44,167 | |||||
| 262,167 | 220,267 | |||||
| The following | aggregate | liabilities disclosed under creditors falling due | ||||
| after more than one year are due for repayment | after more than five | |||||
| years from the | balance | sheet date: | 198,167 | 190,517 |
| RESTRICTED FUNDS | ||||||||
|---|---|---|---|---|---|---|---|---|
| Development | Bursary | Total | Total | |||||
| Fund | Fund | 2020 | 2019 | |||||
| f | f | f | f | |||||
| Opening balance |
15,018 | 4,331 | 19,349 | 12,361 | ||||
| Collections and donations | during | the year | 3,965 | 3,965 | 9,706 | |||
| 18,983 | 4,331 | 23,314 | 22,067 | |||||
| Grants made during the year | ||||||||
| Transfer from Unrestricted | Reserve | 2,500 | ||||||
| Expenditure during the year |
(617) | (617) | (14,881) | |||||
| Transferred to fixed assets |
9,663 | |||||||
| At 31December 2020 | 18,366 | 4,331 | 22,697 | 19,349 | ||||
| The Bursary Fund is monies collected from hotel guests and Friends ofThornleigh | Hotel | and other donations | ||||||
| and used to subsidise travellers | in need ofassistance. | |||||||
| The Development Fund represents |
monies collected and used for the multi-year | refurbishment plan |
for the | |||||
| Hotel. | ||||||||
| ANALYSIS OF NET ASSETS | BETWEEN FUNDS | |||||||
| Restricted | General | |||||||
| Total | ||||||||
| Fund | Fund | |||||||
| f | f | f | ||||||
| Fund balances at 31December | 2020are represented | by: | ||||||
| Tangible fixed assets | 796,353 | 796,353 | ||||||
| Current assets | 22,697 | 112,003 | 134,700 | |||||
| Current liabilities |
(77,912) | (77,912) | ||||||
| Long term liabilities | (262,167) | (262,167) | ||||||
| Total net assets | 22,697 | 568,277 | 590,974 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| INCOME | ||||||
| Subscriptions | and donations | |||||
| Other income | ||||||
| Management | charge to | Thornleigh | Hotel | 4,000 | 4,000 | |
| 4,000 | 4,000 | |||||
| 2020 | 2019 | |||||
| f | f | |||||
| EXPENDITURE | ||||||
| Council, secretarial, conference | and | training expenses | 262 | 1,112 | ||
| Accountancy | 676 | 324 | ||||
| Donations | 500 | |||||
| Bank charges | ||||||
| Miscellaneous | 13 | 40 | ||||
| Donations to Thornleigh | Hotel | |||||
| Donations to Thornleigh | Hotel | Bursary | 2,500 | |||
| Donations to Thornleigh | Hotel | Refurbinshment | ||||
| 951 | 4,476 | |||||
| Deficit for the | year | 3,049 | (476) |
| Division | surplus/(deficit) | for | the | year | ||
|---|---|---|---|---|---|---|
| Highway | Trust | 3,049 | (476) | |||
| Thornleigh Hotel |
(11,174) | 9,511 | ||||
| (8,125) | 9,035 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| f | f | |||
| INCOME | ||||
| Charges to Hotel guests | 142,205 | 411,604 | ||
| Donations | 3,965 | 1,743 | ||
| Other Income | 44,392 | |||
| Job Retention | Scheme | 75,821 | ||
| Interest on Bounce Back Loan | 729 | |||
| Business rates | support | 2,534 | ||
| Business Support Grants | 28,450 | |||
| 298,096 | 413,347 | |||
| EXPENDITURE | ||||
| Provisions | 19,132 | 60,797 | ||
| Staff costs | 175,186 | 198,053 | ||
| Premises and |
equipment | costs | ||
| General | and water rates | 9,426 | 9,182 | |
| Light and heat | 16,868 | 21,947 | ||
| Repairs and renewals | 14,875 | 22,034 | ||
| Cleaning | and laundry | 4,560 | 12,800 | |
| Activity | breaks | 857 | 2,315 | |
| Books for resale | 320 | 1,669 | ||
| 241,224 | 328,797 | |||
| Advertising | 11,549 | 13,949 | ||
| Audit and accountancy | 3,172 | 2,158 | ||
| Bank charges | 1,660 | 3,012 | ||
| Insurance | 5,602 | 5,672 | ||
| Motor travel | ||||
| Printing and stationery |
3,328 | 4,858 | ||
| Telephone and postage |
6,892 | 7,058 | ||
| General expenses | 1.323 | 2,739 | ||
| Mortgage interest | 9,343 | 9,170 | ||
| Development | expenditure | 617 | ||
| Management | charge | 4,000 | 4,000 | |
| Subscriptions, | licences and donations | 2,746 | 2,995 | |
| 50,232 | 55,611 | |||
| Depreciation: | ||||
| Freehold | property | 6,447 | 6,447 | |
| Fixtures | and fittings | 8,457 | 10,098 | |
| Office equipment | 117 | 146 | ||
| Plant and equipment | 2,793 | 2,737 | ||
| 17,814 | 19,428 | |||
| Surplus/ (deficit) forthe |
year | (11,174) | 9,511 |