2020-12-31-accounts - Georgeham Old Rectory Trust

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			Pages
Trustee's	annual report		1to5
Independent examiner's report to the trustee
Statement	of financial	activities
Statement	of financial	position
Notes to the financial		statements	9to 18

Registered	charity	name	Georgeham	Old Rectory Trust	Old Rectory Trust	Old Rectory Trust
Charity registration		number	279046
Principal office			StGeorge's	House
			Georgeham
			Braunton
			Devon
			EX33 1JN
			The Georgeham Old Rectory
The trustee			Trustee Company		Limited
Independent	examiner		lan Huggett	FCA
			Thomas Westcott		Chartered	Accountants
			47 Boutport	Street
			Barn staple
			Devon
			EX31 1SQ

Structure, governanc	e and management
Email	admin@sghdevon.	org
Website	www. sghdevon. org.uk
Telephone	01271 890755

					2020		2019
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies				124,654		124,654	26,409
Charitable activities				45,378		45,378	233,146
Other trading activities				431		431	1,786
Investment income				211		211	193
Other income				7,868		7,868	11,000
Total income				178,542		178,542	278,047
Expenditure
Expenditure on raising funds:
Costs ofother	trading	activities	9	410		410	2,137
Expenditure on charitable		activities	10,11	188,012	1,754	189,766	272,435
Total expenditure				188,422	1,754	190,176	274,572
Net (expenditure)/income		and net
movement in funds				(9,880)	(1,754)	(11,634)	3,475
Reconciliation offunds
Total funds brought	forward			536,658	139,794	676,452	672,977
Total funds carried	forward			526,778	138,040	664,818	676,452

			31 Decem	ber 202	0
					2020		2019
				Note
Fixed assets
Tangible fixed assets				17		449,428	461,045
Current assets
Stocks				18	2,300		2,000
Debtors				19	15,289		18,511
Cash at bank and	in	hand			266,792		229,843
					284,381		250,354
Creditors: amounts		falling	due within one year	20	20,658		34,947
Net current assets						263,723	215,407
Total assets less	current		liabilities			713,151	676,452
Creditors: amounts		falling	due after more than
one year				21		48,333
Net assets						664,818	676,452
Funds ofthe charity
Restricted funds						138,040	139,794
Unrestricted funds						526,778	536,658
Total charity funds				24		664,818	676,452

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
		E	E	E	E
Donations
Gifts		15,372	15,372	5,303	5,303
Gift Aid		31,934	31,934	21,106	21,106
Grants
Government	grant income	77,348	77,348
		124,654	124,654	26,409	26,409

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
		E		F	E
Holiday	Lettings —Non catered	28,156	28,156	67,598	67,598
Holiday	Lettings - Catered	15,787	15,787	74,843	74,843
Trust run holidays				8,421	8,421
Activities	—Archery	486	486	11,055	11,055
Activities	—Bikes			4,940	4,940
Activities	- Canoeing			10,179	10,179
Activities	—Climbing			12,114	12,114
Activities	—Field Study			8,843	8,843
Activities	- Coasteering			4,617	4,617
Activities	- NGOT			3,416	3,416
Activities	—Surfing	949	949	27,120	27,120
		45,378	45,378	233,146	233,146

6.	Other trading	Other trading	activities	activities
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2020	Funds	2019
								E	F	E	f.
	Shop income							431	431	1,786	1,786
7.	Investment	income
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2020	Funds	2019
								E		C	C
	Bank interest	receivable						211	211	193	193
8.	Other income
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2020	Funds	2019
	Gain on disposal of tangible					fixed
	assets held for		charity's		own	use		113	113	631	631
	Other income							1,647	1,647	2,108	2,108
	Biomass Boiler		Income		(RHI)			6,108	6,108	8,261	8,261
								7,868	7,868	11,000	11,000
9.	Costs ofother		trading		activities
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2020	Funds	2019
								E	E	E	E
	Costs ofother trading			activities			-Shop
	costs							410	410	2,137	2,137

10.	Expendit	ure	on c	haritab	l	e	activities	by		fund type
											Unrestricted	Restricted	Total Funds
											Funds	Funds	2020
											E	C	E
	Christian	Outreach		Centre							187,491	1,754	189,245
	Support costs										521		521
											188,012	1,754	189,766
											Unrestricted	Restricted	Total Funds
											Funds	Funds	2019
											F	E	E
	Christian	Outreach		Centre							270,681	1,754	272,435
	Support costs
											270,681	1,754	272,435
11.	Expenditure		on charitable				activities	by		activity type
										Activities
										undertaken		Total funds	Total fund
										directly Support costs		2020	2019
										F	F		F
	Christian	Outreach		Centre						189,245	521	189,766	272,435
12.	Analysis	of	support costs
											Charitable
											activities	Total 2020	Total 2019
											F		E
	Loan interest										521	521
13.	Net (expenditure)/income
	Net (expenditure)/income					is	stated after charging/(crediting):
												2020	2019
												K
	Depreciation		of tangible		fixed assets							11,970	30,788
	Gains on	disposal		of tangible			fixed assets					(113)	(631)
14.	Independent		examination			fees
												2020	2019
													E
	Fees payable		to the independent examiner							for:
	Independent		examination			of	the financial		statements			1,000	1,000

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2020	2019
Wages and salaries				119,006	136,832
Social security costs				2,090	5,594
Employer	contributions	to pension	plans	9,765	9,592
				130,861	152,018

No remuneration or expenses have been company. Tangible fixed assets	paid to any of the truste	es/directors of	the trustee
	Land and
	buildings	Equipment	Total
	E	E
Cost
At 1 January 2020	500,757	317,541	818,298
Additions		369	369
Disposals		(560)	(560)
At 31 December 2020	500,757	317,350	818,107
Depreciation
At 1 January 2020	67,585	289,668	357,253
Charge for the year	5,008	6,962	11,970
Disposals		(544)	(544)
At 31 December 2020	72,593	296,086	368,679
Carrying amount
At 31 December 2020	428,164	21,264	449,428
At 31 December 2019	433,172	27,873	461,045
Stocks
		2020	2019
			E
Raw materials and consumables		2,300	2,000

Debtors			Year ended 31 December 2020
				2020	2019
					E
Trade debtors				1,889	11,141
Prepayments		and accrued income		2,679	3,331
Other debtors				10,721	4,039
				15,289	18,511
Creditors: amounts			falling due within one year
				2020	2019
				E	E
Bounceback	loan			1,667
Trade creditors				26	917
Accruals and	deferred		income	2,155	3,084
Social security		and other taxes		71	6,708
Deposits in advance				16,725	23,171
Other creditors				14	1,067
				20,658	34,947
Creditors: amounts			falling due after more than one year
				2020	2019
				E	E
Bounceback	loan			48,333

Government		grants
The amounts		recognised	in the financial		statements	for government	grants are as follows:
							2020	2019
							E	E
Recognised	in income from donations			and legacies:
Job Retention		Scheme					66,827
NDDC Small		Business Grant					10,000
Government		contributed	bouncebank	loan interest			521
							77,348

								At
				At 1 January			31	December
					2020	Income	Expenditure	2020
						E	E	E
General	Fund				536,658	178,542	(188,422)	526,778
								At
				At 1 January			31	December
					2019	Income	Expenditure	2019
					E	E	E	E
General	Fund				531,429	278,047	(272,818)	536,658
Restricted funds
								At
				At	1 January		31	December
					2020	Income	Expenditure	2020
					E	E	E
Coach	House	Building	Fund		139,794		(1,754)	138,040
								At
				At	1 January		31	December
					2019	Income	Expenditure	2019
					E	E	E	E
Coach	House	Building	Fund		141,548		(1,754)	139,794

Analysis	of net as	se	ts between funds
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
				E	E
Tangible	fixed assets			311,388	138,040	449,428
Current	assets			284,381		284,381
Creditors	less than	1	year	(20,658)		(20,658)
Creditors	more than		1 year	(48,333)		(48,333)
Net assets				526,778	138,040	664,818
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2019
				E	E	E
Tangible	fixed assets			321,251	139,794	461,045
Current	assets			250,354		250,354
Creditors	less than	1	year	(34,947)		(34,947)
Net assets				536,658	139,794	676,452

	Year ended 31 Dece	mber 2020
			2020	2019
Income and endowments
Donations and legacies
Gifts			15,372	5,303
Gift Aid			31,934	21,106
Government grant income			77,348
			124,654	26,409
Charitable activities
Holiday Lettings —Non catered			28,156	67,598
Holiday Lettings —Catered			15,787	74,843
Trust run holidays				8,421
Activities - Archery			486	11,055
Activities —Bikes				4,940
Activities —Canoeing				10,179
Activities - Climbing				12,114
Activities —Field Study				8,843
Activities —Coa steering Activities - NGOT				4,617 3,416
Activities - Surfing			949	27,120
			45,378	233,146
Other trading activities
Shop income			431	1,786
Investment income
Bank interest receivable			211	193
Other income
Gain on disposal of tangible	fixed assets held for charity's	own use	113	631
Other income			1,647	2,108
Biomass Boiler income (RHI)			6,108	8,261
			7,868	11,000
Total income			178,542	278,047

Not	es	to	the Detailed Statement ofF Year ended 31 December	inancial Activities 2020
				2020	2019
Costs of other trading		activities
Costs ofother trading		activities - Shop costs
Shop costs - purchases				410	2,137
Costs ofother trading		activities		410	2,137
Expenditure on charitable			activities
Christian Outreach	Centre
Activities undertaken		directly
Purchases				3,363	23,021
Wages and salaries				119,006	136,832
Employers Nl				2,090	5,594
Employers pension costs				9,765	9,592
Staff training				743	1,852
Rates and water				4,221	9,443
Light 8 heat				10,447	12,987
Repairs 8 maintenance				11,645	17,077
Insurance				5,726	6,482
Licenses				715
Motor expenses				3,519	8,460
Rent					750
Legal 8 professional	fees			2,275	1,245
Telephone				442	767
Advertising 8 postage				2,043	1,478
Depreciation				11,970	30,788
Cleaning				630	2,995
Office and sundry expenses				645	3,072
				189,245	272,435
Support costs
Loan interest				521
Expenditure on charitable			activities	189,766	272,435