2021-03-31-accounts

REGISTERED CHARITY NUMBER: 244569

Report of the Trustees and

Financial Statements for the Year Ended 31st March 2021

for The Hopmarket Charity

The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU

The Hopmarket Charity

Contents of the Financial Statements for the Year Ended 31st March 2021

	Page
Report of the Trustees	1 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 to 14
Detailed Statement of Financial Activities	15

The Hopmarket Charity

Report of the Trustees for the Year Ended 31st March 2021

The trustees present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity has been set up to benefit "needy persons" in the city of Worcester. "Needy persons" means persons who by reason of poverty, sickness or infirmity whether young or old are in need of financial assistance, care or attention. "Needy persons in the city of Worcester" are persons whose need arises in the city, whether or not they permanently reside there.

In accordance with Charity Commission guidance, the trustees regard people suffering from poverty as including persons who do not have the resources to provide for themselves, either on a short or a long-term basis, with the normal things of life which most people take for granted. The trustees aim to address both the causes and the consequences of poverty by allocating grants to assist with both the prevention and relief of poverty. In view of the limited resources of the charity, the trustees take the view that the objects of the charity can best be fulfilled by supporting other organisations which have been established for purposes within the charity's objects, rather than devoting the resources of the charity to the support of a limited number of individuals.

Significant activities

The Charity owns a building known as the Hopmarket complex (formerly The Hop Market Hotel) in Foregate Street, Worcester, together with annexed premises at 13, 14, 15 and 16 The Foregate, Worcester. The complex comprises a number of retail units with residential accommodation above.

The income from leasing the premises of the Charity is held on trust to apply the same for the benefit of needy persons in the city. Needy persons are defined in the Act as persons who by reason of poverty, sickness or infirmity whether young or old are in need of financial assistance, care and attention.

The flats above the retail units are leased to Platform Housing Group. Although no rent is payable, Platform Housing Group bears 75% of the cost of the repairs and maintenance to the building.

Public benefit

The trustees confirm that they have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance issued by the Charity Commission on public benefit when deciding on the charity's activities.

ACHIEVEMENT AND PERFORMANCE

Property Management

Day-to-day management of the Hopmarket retail units, including lettings, is undertaken by Fisher German LLP. The Agreement expired on 31st March 2020 and the Trustees agreed to re-appoint Fisher German for a further three years on comparable terms.

In November 2021, Fisher German LLP confirmed that they are withdrawing as property managers as from May 2022 and a replacement is being sought.

There were some empty units during the year, the most prominent being 16 The Foregate. The Chairman negotiated a refund on gas not used at the property and a repayment of £2,227 was received. A rates rebate of £1,334 was also received from the City Council.

The Trustees considered a proposal from Worcester Municipal Charities CIO for the future use of nos. 1 and 2 Inglethorpe Court, which had previously been used as offices for the Citizen's Advice Bureau. The current proposal is to convert the properties to residential, with the Hopmarket Charity receiving rent for one of the four flats, in exchange for a 125 year lease. The Trustees concluded that in principle this proposal has merit and should be taken forward, subject to the Heads of Terms being considered carefully, and it is anticipated that an Agreement will be signed in 2021/22.

Some traders requested, and were given, a rent deferment during the various lockdown periods during 2020/21, on the understanding that all sums would be paid when they were in receipt of any Government funding through business support grants and so able to pay.

The Trustees were informed of the high cost of property repairs especially in relation to the windows of the flats, even though Platform Housing Group pays 75% of the cost. This was noted with some concern. A sub-group has now been formed, with input from Fisher German, to meet quarterly with Platform Housing Group and report back to the Trustees.

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The Hopmarket Charity

Report of the Trustees for the Year Ended 31st March 2021

ACHIEVEMENT AND PERFORMANCE

Hopmarket Promotion and Income Generation

The City Council's Economic Development Officer (Enterprise and Business Growth), advises the Board and traders on marketing initiatives and income generation. The Trustees have established an Income Generation and Promotion SubGroup and have a small promotions budget.

The Covid-19 pandemic had a significant impact on the Hopmarket traders during the year and several received assistance from the City Council through the award of business support grants. Some promotional activities were undertaken over the Christmas 2020 period. In the circumstances the funds left in the promotions budget were considered adequate to carry forward into 2021/22.

FINANCIAL REVIEW

Financial position

For 2020/21 the level of income received was in line with the previous year. This included £4,907 of Government grants received in respect of the Covid-19 pandemic. The rental income of £133,455 was only £4,021 less than last year despite the pandemic. 16 Foregate Street, the Charity's largest unit, remains vacant along with several other units in the Hopmarket courtyard.

Expenditure for 2020/21 was higher than the previous year. The insurance costs increased by £2,297 and are recharged through the service charge. The related income received is included in the Income section of these accounts. The management and administration costs were higher due to Fisher German's fees including one-off costs for a roof inspection and charges for assessing tenants' dilapidations claims.

There was only limited expenditure from the Development Fund reserve brought forward from 2019/20 and a balance of £7,473 remained at 31 March 2021. There was a £10,000 transfer to the Repairs Fund giving a balance at 31 March 2021 of £72,567.

In summary, the overall surplus was greater than last year due to the Government grants received and the decision to not make any grant payments being enough to offset the increase in expenditure.

Applications for Grant Aid

A number of grant applications were received during 2020. However, having considered the Charity's financial position in relation to the economic uncertainty created by the pandemic and the associated lockdowns, the trustees agreed not to make any grant payments in 2020/21.

This remains under review and the Trustees remain committed to grant payments resuming in the near future.

Reserves policy

The charity holds general unrestricted funds (which excludes amounts held in designated funds) of £55,976 (2020 - £29,822) to fund ongoing expenditure if there is a future drop in rental income received by the charity.

Because of the ongoing uncertainty regarding Covid-19, the charity has not set a specific limit as to what level of general unrestricted funds it aims to hold.

Details regarding designated funds held by the charity can be found in note 14 of the notes to the financial statements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Hopmarket is a Charity established under Act of Parliament. Its current Governing Act is the Worcester City Council Act 1985.

Recruitment and appointment of new trustees

The charity is governed by a Board of Trustees. The Board has at least 6, but not more than 7 Worcester City Councillors and at least 2, but no more than 3 Independent Trustees.

The City Council Trustees are appointed annually.

The two Independent Trustees - Rev Canon Georgina Byrne and Mr Bill Simpson - are appointed for a period of up to four years and their term runs to 2023.

The Trustees appointed Mr Bill Simpson as Chairman for 2020/21. Mike Johnson was appointed as Vice-Chairman.

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The Hopmarket Charity

Report of the Trustees for the Year Ended 31st March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustee meetings in year

The Trustees met three times during the 2020/21 Municipal Year. Due to the Covid-19 pandemic, these meetings were held online via Zoom.

During the year, the Trustees received advice and agreed a series of measures to ensure the charity's governance remains on a sound footing. This included reviewing the Standing Orders and confirming the scheme of delegation, appointing Vice-Chairs to support the work of the Chairman, making provision for community trustees to serve extended terms if in the best interests of the charity and procuring trustee liability indemnity insurance.

The Trustees also considered a report from the City Council's Deputy Director - Governance recommending that it be incorporated as a legal entity in its own right. In terms of legal status, the charity is currently an "unincorporated charitable trust". It is not a legal entity in its own right, separate from the Trustees. The Trustees agreed that incorporating the charity as a separate legal entity was the appropriate way forward, and the City Council has endorsed this approach. The next steps will be for the Trustees to pass the necessary resolutions to submit their application to the Charity Commission. It is anticipated that this will completed during 2021/22.

Organisational structure

The Charity is administered by Worcester City Council from the Guildhall, High Street, Worcester. The Council's Head of Finance acts as the Treasurer of the Charity and legal support is provided by the Council's Legal Services team.

The Trustees have appointed Fisher German LLP as the agent for managing the Hopmarket building and receive update reports on rents, arrears and lettings with a representative from Fisher German attending meetings to answer any questions.

Trustee remuneration

The Trustees received no remuneration during 2020/21.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

244569

Principal address

Guildhall Worcester Worcestershire WR1 2EY

Trustees

City Councillor Trustees Councillor Jenny Barnes Councillor Tracey Biggs (resigned 8 May 2021) Councillor Chris Cawthorne (resigned 8 May 2021) Councillor Allah Ditta Councillor Nida Hassan Councillor Josephine Hodges (appointed 8 June 2021) Councillor Stephen Hodgson (appointed 8 June 2021) Councillor Mike Johnson Vice-Chairman Councillor Karen Lewing (appointed 8 June 2021)

Independent Trustees

Rev Canon Georgina Byrne Mr Bill Simpson Chairman

Independent Examiner

The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU

Treasurer

Mark Baldwin

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The Hopmarket Charity

Statement of Financial Activities

for the Year Ended 31st March 2021

Development Unrestricted designated funds fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 4,907 - Investment income 4 133,465 - Total 138,372 - EXPENDITURE ON Raising funds 5 87,572 - Charitable activities Grants issued 18,575 - Total 106,147 - Net gains on investments 320,000 - NET INCOME 352,225 - Transfers between funds 14 (6,071) (3,929) Net movement in funds 346,154 (3,929) RECONCILIATION OF FUNDS Total funds brought forward 879,822 11,402 TOTAL FUNDS CARRIED FORWARD 1,225,976 7,473	Repairs designated fund £ - - - - - - - - 10,000 10,000 62,567 72,567 1	2021 Total funds £ 4,907 133,465 138,372 87,572 18,575 106,147 320,000 352,225 - 352,225 953,791 ,306,016	2020 Total funds £ - 137,550 137,550 77,805 56,496 134,301 - 3,249 - 3,249 950,542 953,791

The notes form part of these financial statements

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					2021	2020
			Development	Repairs
		Unrestricted	designated	designated	Total	Total
		funds	fund	fund	funds	funds
	Notes	E	£	£	£	£
FIXED ASSETS
Investment property	10	1,170,000			1,170,000	850,000
CURRENT ASSETS
Debtors	11	53,199			53,199	60,213
Cash at bank		46,648	7,473	72,567	126,688	131,900
		99,847	7,473	72,567	179,887	192,113
CREDITORS
Amounts falling due within one
year	12	(40,726)		-	(40,726)	(84,128)
NET CURRENT ASSETS		59,121	7,473	72,567	139,161	107,985
TOTALASSETS LESS
CURRENT LIABILITIES		1,229,121	7,473	72,567	1,309,161	957,985
CREDITORS
Amounts falling due after more
than one year	13	(3,145)			(3,145)	(4,194)
NET ASSETS		1'225r976	7,473	72,567	1,306,016	953,791
FUNDS	14
Unrestricted funds:
General unrestricted funds					55,976	29,822
Capital reserve fund					1,1 70,000	850,000
Development fund					7,473	11,402
Repairs fund					72,567	62,567
					1,306,016	953,791
TOTAL FUNDS					1,306,016	953,791

The Hopmarket Charity

Notes to the Financial Statements for the Year Ended 31st March 2021

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the charity.

Monetary amounts in these financial statements are rounded to the nearest £1.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Rental income is received on a straight line basis over the period to which it relates.

Grant income is recognised when there is evidence of entitlement to the grant, receipt is probable and its amount can be measured reliably. Entitlement usually arises immediately on its receipt, unless there are terms or conditions which must be met before the charity is entitled to the income.

Interest income is recognised for all interest-bearing instruments on an accruals basis.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants payable are charged to expenditure when the offer is conveyed to the recipient, unless the offer is conditional in which case such grants are charged to expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value 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.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise 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.

FINANCIAL INSTRUMENTS

The charity has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the charity becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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The Hopmarket Charity

Notes to the Financial Statements - continued for the Year Ended 31st March 2021

1. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.

SERVICE CHARGE MONIES

Service charge monies collected and managed by the investment property manager of the charity are managed on trust on behalf of the tenants of the investment property. Service charge monies are not considered to belong to the charity and the financial activities (including income, expenditure, assets and liabilities) relating to service charge monies have been excluded from these financial statements.

2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Accounting estimates and judgement are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant sources of estimation uncertainty

The investment property is revalued to market value based on a year end valuation performed by a qualified independent valuer. However, some judgement is applied in comparing the investment property to recent sales of similar properties in the area and the market value of the investment property cannot be directly measured until such time that it is sold. The value of investment property is included in note 10 of the financial statements.

3. DONATIONS AND LEGACIES

Grants Grants received, included in the above, are as follows: Worcester City Council - Covid-19 relief 4. INVESTMENT INCOME Rents received Bank interest received	2021 £ 4,907 2021 £ 4,907 2021 £ 133,454 11 133,465	2020 £ - 2020 £ - 2020 £ 137,477 73 137,550

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The Hopmarket Charity

Notes to the Financial Statements - continued for the Year Ended 31st March 2021

5. RAISING FUNDS

Investment property manager fees Property insurance Advertising and marketing Electricity, water and business rates Bad debt provision Property repairs and maintenance 6. GRANTS PAYABLE Grants issued The total grants paid to institutions during the year was as follows: Worcester Housing & Benefits Advice Headway Worcester Vamos Theatre Company For Cancer Group Sail 4 Cancer All Saints Worcester Caring for Communities & People Ltd Armchair Revitalise Respite Company Footsteps Happy Days React The total grants paid to individuals during the year was as follows: Grants to Hopmarket tenants - Covid-19 relief 7. SUPPORT COSTS Support costs are as follows: Administration charges Independent examination fee Trustee indemnity insurance Sundries	2021 £ 25,716 29,901 3,729 1,632 - 26,594 87,572 2021 £ 200 2021 £ - - - - - - - - - - - -	2020 £ 16,270 27,605 10,297 1,332 (1,668) 23,969 77,805 2020 £ 39,990 2020 £ 11,300 6,300 3,960 3,200 3,000 2,789 2,500 2,674 2,520 959 788 39,990 2020 £ - 2020 £ 16,300 - - 206 16,506
	2021 £ 200 2021 £ 16,300 1,360 498 217 18,375

Independent examination fees for 2020 are stated net of the release of a 2019 over-accrual of £3,600.

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The Hopmarket Charity

Notes to the Financial Statements - continued for the Year Ended 31st March 2021

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Development Unrestricted designated funds fund £ £ INCOME AND ENDOWMENTS FROM Investment income 137,550 - EXPENDITURE ON Raising funds 77,805 - Charitable activities Grants issued 56,496 - Total 134,301 - NET INCOME 3,249 - Transfers between funds (9,528) (472) Net movement in funds (6,279) (472) RECONCILIATION OF FUNDS Total funds brought forward 886,101 11,874 TOTAL FUNDS CARRIED FORWARD 879,822 11,402	Repairs designated fund £ - - - - - 10,000 10,000 52,567 62,567	Total funds £ 137,550 77,805 56,496 134,301 3,249 - 3,249 950,542 953,791

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The Hopmarket Charity

Notes to the Financial Statements - continued

for the Year Ended 31st March 2021

10. INVESTMENT PROPERTY

FAIR VALUE At 1st April 2020 Revaluation At 31st March 2021 NET BOOK VALUE At 31st March 2021 At 31st March 2020	£ 850,000 320,000 1,170,000 1,170,000 850,000

The year end valuation of investment property has been undertaken Jason Clines MRICS on behalf of Fisher German LLP.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors Fisher German LLP Prepayments and accrued income 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Grants payable Tenant deposits Worcester City Council Accrued expenses Deferred income (see note 15) 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Deferred income (see note 15) 14. MOVEMENT IN FUNDS Net movement At 1.4.20 in funds £ £ Unrestricted funds General unrestricted funds 29,822 32,225 Capital reserve fund 850,000 320,000 Development fund 11,402 - Repairs fund 62,567 - 953,791 352,225 TOTAL FUNDS 953,791 352,225

2021 2020 £ £ 6,652 4,871 9,189 25,988 37,358 29,354 53,199 60,213 2021 2020 £ £ - 3,000 4,048 4,048 23,231 67,969 12,398 8,062 1,049 1,049 40,726 84,128 2021 2020 £ £ 3,145 4,194 Transfers between At funds 31.3.21 £ £ (6,071) 55,976 - 1,170,000 (3,929) 7,473 10,000 72,567 - 1,306,016 - 1,306,016

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The Hopmarket Charity

Notes to the Financial Statements - continued for the Year Ended 31st March 2021

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General unrestricted funds Capital reserve fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General unrestricted funds Capital reserve fund Development fund Repairs fund TOTAL FUNDS	Incoming resources £ 138,372 - 138,372 138,372 At 1.4.19 £ 36,101 850,000 11,874 52,567 950,542 950,542	Resources expended £ (106,147) - (106,147) (106,147) Net movement in funds £ 3,249 - - - 3,249 3,249	Gains and Movement losses in funds £ £ - 32,225 320,000 320,000 320,000 352,225 320,000 352,225 Transfers between At funds 31.3.20 £ £ (9,528) 29,822 - 850,000 (472) 11,402 10,000 62,567 - 953,791 - 953,791

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General unrestricted funds TOTAL FUNDS	Incoming resources £ 137,550 137,550	Resources Movement expended in funds £ £ (134,301) 3,249 (134,301) 3,249

Repairs Fund

The Repairs Fund is held to provide funding for major repairs and as a contingency for unforeseen repairs. This is particularly important for a building of this age, type and construction. The Charity's property agent is consulted to ensure the adequacy of the reserve.

Development Fund

The Development Fund is held for future investment in marketing activity to promote and develop the Hopmarket and thereby attract more lettings.

Capital Reserves Fund

The Capital Reserves Fund represents the Charity's holding in the investment property.

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The Hopmarket Charity

Notes to the Financial Statements - continued for the Year Ended 31st March 2021

15. DEFERRED INCOME

Deferred income relates to £4,194 (2020 - £5,243) 10 year lease payment received in advance.

16. RELATED PARTY DISCLOSURES

Worcester City Council provides key management personnel services to the charity. Worcester City Council received key management personnel remuneration for these services of £16,300 (2020 - £16,300). During the year Worcester City Council made payments to third parties as agent of the charity totalling £12,224 (2020 - £51,669). Worcester City Council also paid grants to the charity of £4,907 (2020 - £nil) in regard to relief from the effects of Covid-19. At the year end the charity owed Worcester City Council £23,231 (2020 - £67,969).

There were no other related party transactions in the year.

17. OPERATING LEASE INCOME COMMITMENTS

Minimum lease income due to the charity under non-cancellable operating leases fall due as follows:

Within one year Between one and five years after five years	2021 £ 57,548 139,154 163,369 360,071	2020 £ 78,123 83,738 177,717 339,568

18. FUNDS HELD AS AGENT

At the year end Fisher German held on trust in regard to service charge monies relating to the tenants of the investment property cash of £2,068 (2020 - £10,157).

This excludes net amounts owed to the service charge monies account by tenants and the charity, as well as amounts owed by the service charge monies account to its creditors.

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The Hopmarket Charity

Detailed Statement of Financial Activities for the Year Ended 31st March 2021

INCOME AND ENDOWMENTS Donations and legacies Grants Investment income Rents received Bank interest received Total incoming resources EXPENDITURE Investment management costs Investment property manager fees Property insurance Advertising and marketing Electricity, water and business rates Bad debt provision Property repairs and maintenance Charitable activities Grants to institutions Grants to individuals Support costs Administration charges Independent examination fee Trustee indemnity insurance Sundries Total resources expended Net income	2021 £ 4,907 133,454 11 133,465 138,372 25,716 29,901 3,729 1,632 - 26,594 87,572 - 200 200 16,300 1,360 498 217 18,375 106,147 32,225	2020 £ - 137,477 73 137,550 137,550 16,270 27,605 10,297 1,332 (1,668) 23,969 77,805 39,990 - 39,990 16,300 - - 206 16,506 134,301 3,249

This page does not form part of the statutory financial statements

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