2020-11-30-accounts

Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details	1to4
Chair's Statement and	Trustees'	Report	5to 16
Statement ofTrustees'	Responsibilities		17
Independent Auditors'	Report		18to21
Statement ofFinancial	Activities		22 to23
Balance Sheet			24
Statement ofCash Flows			25
Notes to the Financial	Statements		26 to49
Appendix 1			50

Ref	Ref	erence and	Administrative Details (contin
Finance Committee			Martin G Mullin, Chair
			Giles H Mounsey-Heysham
			Anthony D Glynn
			lan S Lowthian
			Philip Stout, Co-opted Member
			Stuart Coe, Co-opted Member
Audit Committee			lan S Lowthian, Chair
			Anthony D Glynn
			Martin G Mullin
			Roger Cooke, Co-opted Member
Business Development		Committee	Christine Sheldon, Chair
			Giles H Mounsey-Heysham
			William R Bell
			lan S Lowthian
			Corinna Cartwright
			Janaki Spedding, Co-opted Member
Operations	Committee		Julian J Handy, Chair
			Giles H Mounsey-Heysham
			Corinna Cartwright
			lan S Lowthian
			Rosemary Riley, Co-opted Member
Nominations	Committee		William R Bell, Chair
			Giles H Mounsey-Heysham
			Claire Hensman
Calvert Reconnections		Committee	William TSBraithwaite QC, Chair
			Christine Sheldon
			Giles H Mounsey-Heysham
			William R Bell
			Martin G Mullin
			lan S Lowthian
			Heather A Batey
			Fiona Nixon, Co-opted Member

		Rec	ognised Gain	s and Losses)
			Unrestricted	Restricted	Total	Total
		Note	funds E	funds E	2020f	2019 5
income and Endowments		from:
Donations and legacies		3	697,485	117,301	814,786	1,558,310
Charitable activities		4	312,293		312,293	1,170,202
investment income		5	7,905		7,905	24,755
Total income			1,017,683	117,301	1,134,984	2,753,267
Expenditure on:
Raising funds			(92,964)		(92,964)	(97,174)
Charitable activities			(1,767,371)	(11,048)	(1,778,419)	(1,823,193)
Total expenditure			(1,860,335)	(11,048)	(1,871,383)	(1,920,367)
(Losses)/gains on
investment assets			(66,534)		(66,534)	48,562
Net income/(expenditure) Transfers between funds			(909,186) 442,246	106,253 ~442,246)	(802,933)	881,462
Net movement in funds			(466,940)	(335,993)	(802,933)	881,462
Reconciliation offunds
Total funds brought	forward		5,944,984	469,907	6,414,891	5,533,429
Total funds carried	forward	22	5,478,044	133,914	5,611,958	6,414,891

	Recogni	sed Gain	s and Losses	)
			Unrestricted	Restricted	Total
			funds	funds	2019
Comparative figures		Note	8	8	6
Income and Endowments	from:
Donations and legacies		3	251,009	1,307,301	1,558,310
Charitable activities		4	1,170,202		1,170,202
Investment income		5	24,755		24,755
Total income			1,445,966	1,307,301	2,753,267
Expenditure on:
Raising funds Charitable activities		6 3	(97,174) ~1,636,628	~386,585	(97,174) ~13.823,183
Total expenditure			(1,733,802)	(186,565)	(1,920,367)
(Losses)/gains on investment	assets		48,562		48,562
Net income/(expenditure)			(239,274)	1,120,736	881,462
Transfers between funds			751,067	(751,067)
Net movement in funds			511,793	369,669	881,462
Reconciliation offunds
Total funds brought forward			5,433,191	100,238	5,533,429
Total funds carried forward		22	5,944,984	469,907	6,414,891

				2020	2019
			Note	E	E
Fixed Assets
Tangible assets			14	5,153,284	5,231,468
Investments			15	461,165	622,654
				5,614,449	5,854,122
Current assets
Stocks			16	13,882	15,168
Debtors			17	95,708	262,947
Cash at bank and	in hand		18	232,443	438,553
				342,033	716,668
Creditors: Amounts falling due within one year Net current (liabilities)/assets			19	~1344,524 ~2,491	(155,899) 560,769
Net assets				5,611,958	6,414,891
Funds ofthe charity:
Restricted funds				133,914	469,907
Unrestricted income		funds
Designated Funds				4,908,669	5,590,327
General Funds				311,131	92,881
Revaluation reserve				258,244	261,776
Total unrestricted	funds			5,478,044	5,944,984
Total funds			22	5,611,958	6,414,891

Statement ofC	ash Flows	for the Year	Ended 3	0November	2020
				2020	2019
			Note	6	6
Cash flows from operating	activities
Net movement in funds				(802,933)	881,462
Adjustments to cash flows	from noncash	items
Depreciation			7	212,719	212,916
Revaluation of investments				(331)	(48,562)
Interest receivable on bank deposits Dividends receivable from other listed investments				(1,151) ~9,754)	(956) ~123,799
				(598,450)	1,021,061
Working capital adjustments
Decrease/(increase) in stocks			16	1,286	(1,522)
Decrease/(increase) in debtors			17	167,239	(118,138)
Increase in creditors Increase/(decrease) in deferred income			19 19	44,985 143,340	6,915 ~20,33)
Net cash flows from operating	activities			~24),300	887,985
Cash flows from investing activities
Interest receivable and similar	income		5	1,151	956
Purchase oftangible fixed assets			14	(134,535)	(743,421)
Purchase ofinvestments			15	(566,458)	(19,435)
Sale of investments			15	728,278
Dividends receivable from other listed investments			5	6,754	23,799
Net cash flows from investing	activities			35,190	~738)01)
Net (decrease)/increase in cash and cash equivalents				(206,110)	149,884
Cash and cash equivalents at	1 December 2019/2018			438,553	288,669
Cash and cash equivalents at	30 November	2020 /2019		232,443	438,553

				Unrestricted
				funds
					Restricted	Total	Total
				General	funds	2020	2019
					8
Donations	and	legacies;
Donations				381,338	117,301	498,639	1,513,636
Legacies				6,000		6,000	22,243
Grants, including			capital grants;
Government		grants		282,444		282,444
Regular giving		and capital
donations				27,703		27 733	22,431
				697,485	117,301	814,786	1,558,310

				Unrestricted
a)Costs of	generating	donations	and legacies	funds
					Total	Total
				General	2020	2019
				6		6
Staff Costs				83,184	83,184	73,036
Fundraising	costs			8,381	8,381	19,774
				91,565	91,565	92,810

b) Investm	ent managem	ent costs
			Unrestricted
			funds
				Total	Total
			General	2020	2019
				6
Investment	management	costs	1,399	1,399	4,364
			1,399	1,399	4,354

					Centre Activities	Marketing Costs	Total 2020	Total 2019
							6
Wages and salaries					870,027	95,817	965,844	869,518
Social security	costs				61,038	8,629	89,667	65,917
Staff pensions					42,826	4,801	47,627	43,106
Temporary workers					1,881		1,861	12,540
Staff training					31,232		31,232	28,679
Activity costs					30,182		30,182	53,728
Riding costs					16,615		16,615	25,542
Centre administration			and	insurance	45,689		45,689	59,539
Facility costs					241,614		241,814	324,729
Other operational		costs			51,455	15,253	66,708	64,925
Audit fee					3,500		3,500	5,000
Management	accountants			fees	10,482		10,462	8,020
Unallocated irrecoverable				VAT	34,699		34,699	49,034
Depreciation					212,719		212,719	212,916
					1,653,919	124,500	1,778,419	1,823,193

8 Analysis ofgovernance	8 Analysis ofgovernance	end support	end support	coats
Support	casts allocated to	cherltahle	actlvltlea
								Other
				Finance		ftdmlnlatraaon	Premium	support	Totrrl	Total
				costs	stall coats	Go&L	coals	costa	2020	2019
				6	6	6	6	2		6
Centra actlvhy fess Marketing costs				1,932 ~f 932	73,029 109247 182,778	11,906 11,905	'125,184 128,1S4	50,006 16,253 06,250	203,058 ~124500 387,558	287,872 137,580 ~425 461

							Unrestricted
							funds
								Total	Total
							General 8	2020	2019 f
Audit and accountancy				fees
	Audit ofthe	financial		statements			3,500	3,500	5,000
	Management		accountants		fees		10,462	10,462	8,020
							13,962	13,962	13,020
9	Net incoming/outgoing				resources
Net (outgoing)/incoming				resources for		the year include:
								2020	2019
								8
Audit fees								3,500	5,000
Other non-audit			services - management			accountants		10,462	8,020
Depreciation		of	fixed assets					212,719	212,916

11Staff costs The aggregate payroll costs were as follows:
	2020	2019
Staffcosts during the year were:
Wages and salaries	1,039,045	933,727
Social security costs	76,061	71,644
Pension costs	51,216	46,206
	1,166,322	1,051,577

during the	year was as foll	ows:
				2020		2019
				No		No
Charitable	activities						44
Fundraising	and marketing						8
					61		52
The number	ofemployees	whose emoluments	fell within the following	bands was:
				2020		2019
				No		No
670001 - 6	80000				1		1

12Auditors' remuneration
		2020	2019
Audit ofthe financial statements		3,500	5,000
Other fees to management accountants
All other non-audit services - management	accountants	10,462	8,020

			Furniture
		Land and	and	Motor
		buildings	equipment	vehicles	Total
Cost
At 1 December	2019	7,259,826	231,191	328,809	7,819,826
Additions Disposals		95,519	18,448 (31,021)	20,568	134,535 ~31,021
At 30November	2020	7,355,345	218,618	349,377	7,923,340
Depreciation
At 1 December	2019	2,194,447	131,048	262,863	2,588,358
Charge for the year Eliminated on disposals		139,434	43,723 ~i33,021	29,562	212,719 ~31,0213
At 30November	2020	2,333,881	143,750	292,425	2,770,056
Net book value
At 30 November	2020	5,021,464	74,868	56,952	5,153,284
At 30 November	2019	5,065,379	100,143	65,946	5,231,468

				2020	2019
Unrealised	surplus	on revaluation		353,205	353,205
Less: Accumulated		depreciation	as at 30 November	(94,961)	(91,429)
				258,244	261,776

15Fixed asset	investments
			2020		2019
			E		E
Investments			461,165		622,654
Investments
		Listed	unlisted
		investments	investments		Total
		E	E		E
Cost or Valuation
At 1 December	2019	622,653		1	622,654
Revaluation		331			331
Additions		566,458			566,458
Disposals		(728,278)		-	~728,278
At 30 November	2020	461,164		1	461,165
Net book value
At 30 November	2020	461,164		1	461,165
At 30November	2019	622,653		1	622,654

17Debtors
	2020	2019
	6	6
Trade debtors	9,689	21,248
Prepayments	11,185	41,731
VAT recoverable	1,449
Other debtors	73,405	199,968
	95,708	262,947

18Cash and cash equiv	alents
		2020	2019
		E	6
Cash at bank		232,443	438,553
19Creditors: amounts	falling due within one year
		2020	2019
		6	8
Trade creditors		39,447	32,189
Other taxation and social	security	14,929	20,301
VAT payable			1,056
Other creditors		9,341	1,520
Accruals		76,521	40,187
Deferred income lace below)		204,286	60,646
		344,524	155,899

				2020
				6
Deferred	income at 1 December		2019	60,646
Resources deferred		in the period		168,505
Amounts	released	from previous	periods	524 6666S5
Deferred	income at 30 November		2020	204,286

Total future minimum lease payments under non-can	cellable operating leases are as foll	ows:
	2020	2019
		5
Land and buildings
Within one year	2,501	2,502
Between one and five years	7,504	10,004
After five years	35
	10,040	12,542

22 Funds				aalance st 1				Diner recognised	aalance st 30
				December 2019	Income	Expenditure	Transfers	(losses)/gains	November 2020
				2	8	2	8		2
Unrestricted funds
General
General Funds				92,681	1,017,683	(1,636,955)	904,056	(66,534)	311,131
Designated
Trustees' Contingency		Reserve		580,000			(560,000)
Fixed Asset Reserve				4,969,692		(212,719)	138,067		4,895,040
Revaluation Reserve Development and Improvement			Reserve	261,776 40,636		~10S8I	(3,532) ~16345		258,244 IS.629
				5,852,103		~(223.380	~461.810		5.168.913
Total Unrestricted	funda								5.478.044
Restricted funda
Friends of Calvert	Trust			36,235	21,071	(3,947)	(53,359)
Special Enabling	Fund			62,495	44,228		(18,514)		90,209
Restricted Donations Calvert Reconnemions Total reedlcted funds		Fund Project	Fund	31,229 339948 469,907	43,246 8757 117,S01	(7,101) ~11048	(23,668) ~348,705 ~442.246		43,705 133,914
Total funds				6,414,891	1,134,984	~1,87L383

22 Funds (continued)			aalance at1	Insomlng	Resources		Other recognised	Satanas at 30
			December 2018	resources	expended	Transfers	gains/(losses)	November 2019
Comparative figures			5	8	2		2	5
unrestricted funda
Glmeral
General Funds			78,815	1,445,966	(1,520,759)	40,297	48,562	92,881
Designated
Trustees' Contingency	Reserve		585,000			15,000		580,000
Fixed Asset Resene			4,435,655		(212,916)	748,953		4,969,692
Revslualion Reserve			265,308			(3,532)		261,776
Calvert Reconnections Project Development snd Improvement		Fund Reserve	16,413 72.000		~127	(16,413) ~31,238		40,635
			5,354,378		~213,043	710,770		5,852,103
Total unmstrleted funds			5,433,191	1,445,966	~(,733,802	751,067	48,562	5,944,984
Restricted funds
Friends ofCalvert Trust			18,940	17,295				36,235
Special Enabling Fund			53,234	83,126		(73,865)		62,495
Restrided Donafions Calvert Reconneclions	Fund Project	Fund	27,964 100	51,892 1,154,988	(40,830) ~145,735	(7,797) ~66940		31,229 339,948
Total restricted funds			100,238	~1,307301	~(8856S	~75L007		469,907
Total flrnds			5,533,429	~2,753	~1920367		48,562	6,414,891

				Unrestricted	funds
						Restricted	Total funds
				General	Designated	funds	2020
				8	5	8	6
Tangible	fixed assets				5,153,284		5,153,284
Fixed asset		investments		461,165			461,165
Current Current	assets liabilities			177,512 ~327,549	15,310 ~7,887	149,211 ~15,297	342,033 ~344,524
Total net assets				311,131	5,166,913	133,914	5,611,958
				Unrestricted	funds
						Restricted	Total funds
				General	Designated	funds	2019
					5		6
Tangible	fixed assets				5,231,468		5,231,468
Fixed asset investments				2,019	620,635		622,654
Current Current	assets liabilities			246,761 ~755,899		469,907	716,668 (155,899)
Total net assets				92,881	5,852,103	469,907	6,414,891
24Analysis		ofnet funds
							At 30
				At 1 December			November
					2019	Cash flow	2020
					5	8	8
Cash at	bank and		in hand		438,553	(206,110)	232,443
					438,553	(206,110)	232,443
							At 30
				At 1 December			November
					2018	Cash flow	2019
					6	8
Cash at	bank	and	in hand		288,669	149,884	438,553
					288,669	149,884	438,553