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|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|
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|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|
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||||||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|
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|||2020|2019|
|---|---|---|---|
|||f|E|
|Hotel|manager|29,788|32,135|
|Hotel|accountant|4,799|5,245|
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|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|
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|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|
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|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|
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||||||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|
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||||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|