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2021-03-31-accounts

Trustees			Mr TJ Walker LLB	(Chair)	(Chair)
			P G Hitchcock FRICS
			Cllr R Lees
			Cllr S Lees
			J Gaskell
			M A Eggar FRM, ACMA,		CGMA, BA (Hons)
			A Alderman
			N Jordan
			Cllr C Ellis		(appointed	8 October 2020)
Secretary			Mr TJ Walker LLB	(Chair)
Charity Number			285867
Company	Number		01669608
Registered		Office	Blackbrook Gate
			Blackbrook Park Avenue
			Taunton
			Somerset
			TA I 2PG
Independent		Examiner	Alexandra Shore FCA DChA
			A C Mole Chartered	Accountants
			Stafford House
			Blackbrook Park Avenue
			Taunton
			Somerset
			TA I 2PX
Solicitors			Clarke Willmott LLP
			Blackbrook Gate
			Blackbrook Park Avenue
			Taunton
			Somerset
			TA I 2PG

			Page
Trustees' report			1-6
Independent examiner's		report
Statement offinancial		activities
Balance sheet			9-10
Statement ofcash flows
Notes to the financial	statements		12-28

									Restated
					Unrestricted	Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	2021	2020
					General	Designated
				Notes
Income from
Donations and		legacies		2	438			438	6,361
Investments				3	28,836			28,836	20,773
Charitable activities				5	217,822			2]7,822	401,866
Other income				4	105,547			105,547
Total Income					352,643			352,643	429,000
Expenditure	on:
Charitable activities				6	320,773	262	9,216	330,251	470,643
Total Expenditure					320,773	262	9,216	330,251	470,643
Net income/(expenditure)for				the	year/
Net movement		in funds			31,870	(262)	(9,216)	22,392	(41,643)
Transfers					29,788	(29,788)
Fund balances		at	1 April 2020		821,430	35,900	299,577	1,156,907	1,198,550
Fund balances		at 31March
2021					883,088	5,850	290,361	1,179,299	1,156,907

								Restated
						2021		2020
				Notes
Fixed assets
Tangible assets				10		1,302,087		1,341,994
Current assets
Stocks				11	1,709		2,361
Debtors				12	27,529		69,518
Cash at bank and in		hand			193,801		115,073
					223,039		186,952
Creditors:	amounts	falling due
within one	year			14	(25,453)		(35,891)
Net current	assets					197,586		151,061
Total assets less current			liabilities			1,499,673		1,493,055
Creditor:	amounts	falling due		after
more than	one year			15		(320,374)		(336,148)
Net Assets						1,179,299		1,156,907
The funds	ofthe charity:
Restricted	funds			16		290,361		299,577
Unrestricted fun&is
Designated	funds			17	5,850		35,900
General unrestricted		funds			883,088		821,430
						888,938		857,330
						1,179,299		1,156,907

							Restated
					2021		2020
		Notes
Cash flows from operating		activities
Cash generated from operations			21		79,599		(6,299)
Cashflows from investing		activities
Purchase oftangible fixed	assets			(14,645)		(118,892)
Interest received				17		119
Property Income				28,819		20,654
Net cash provided by/(used		in)
investing activities					14,191		(98,119)
Cashflows from financing		activities
Repayment ofbank loans				(15,062)		(14,217)
Net cash used in financing		activities			(15,062)		(14,217)
Change in cash and cash	equivalents
in the year					78,728		(118,635)
Cash and cash equivalents	beginning		ofyear		115,073		233,708
Cash and cash equivalents		at end ofyear			193,801		115,073

			2021	2020
	Unrestricted
	Donations and gitts		438	6,361
3	Investments
				Restated
			2021	2020
			f
	Unrestricted
	Property income		28,819	20,654
	interest receivable		17	119
			28,836	20,773
4	Other Income
			2021f	2020
	Unrestricted
	Furlough grant receipts		64,847
	Coronavirus support	grants	40,700
			105,547

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7	Support costs	Support costs
						Restated
					2021	2020
						f.
	Staff costs				106,930	156,473
	Depreciation				54,552	53,895
	Operating lease charges				2,428	2,434
	Heat & light				3,544	8,062
	Insurance				9,574	9,477
	Repairs & maintenance				14,240	15,280
	Professional	fees and subs			7,798	19,024
	Office costs	&telephone	charges		3,271	3,150
	Water charges				2,177	4,467
	Computer expenses				5,565	9,058
	Loss on disposal oftangible			asset		926
	Bank charges	and interest			418	751
	Inecoverable	VAT			7,446	5,265
					217,943	288,262

			2021	2020f
Independent	examination	fee	1,250
Accountancy	services		3,750
			5,000

		2021	2020
		Number	Number
		10	15
Employment	costs	2021	2020
Wages and salaries		178,716	251,635
Social security	costs	9,708	10,698
Pension contributions		3,597	2,751
Total		192,021	265,084

	10	Tangible	Tangible	fixed assets	fixed assets
						Freehold laml	Sheltered	Equipment	Total
						and buildings	Housing	and
							Conversion	Furnishings
								E
Cost
At	1 April	2020				1,091,899	692,308	191,535	1,975,742
Additions						3,146	6,591	4,908	14,645
Disposal
At	31 March		2021			1,095,045	698,899	196,443	1,990,387
Depreciation			and	impairnient
At	1 April	2020				376,367	184,624	72,757	633,748
Depreciation			charged		in the year	21,967	15,134	17,451	54,552
At	31 March		2021			398,334	199,758	90,208	688,300
Carrying		amount
At	31 March		2021			696,711	499,141	106,235	1,302,087
At	31 March		2020			715,532	507,684	118,778	1,341,994

11	Stocks
				2021	2020
					f.
	Finished	goods and goods for resale		1,709	2,361
12	Debtors			2021	2020
	Trade debtors			13,499	51,104
	Prepayments		and accrued income	14,030	18,414
				27,529	69,518
13	Loans and overdrafts			2021	2020
	Bank loans			336,148	351,210
	Payable	within one year		15,774	15,062
	Payable	after	one year	320,374	336,148
	Amounts	included above which fall due after five years:
				Restated
	Payable	by instalments		250,100	268,811

14	Creditors: am	ounts	falling due within onc year
			Notes	2021	2020
	Bank loans		13	15,774	15,062
	Other taxation	and social security		25	952
	Trade creditors			3,273	1,853
	Other creditors			779	5,736
	Accruals and deferred		income	5,602	12,288
				25,453	35,891
15	Creditors: amounts		falling due after more than one year
			Notes	2021	2020
	Bank loans		13	320,374	336,148

	Restated	Restated	Restated
	Balance at	Resources	Balance at	Resources	Balance at
	1April 2019	expended	1April 2020	expended	31March
					2021
	g		g		g
Refurbishment fund	11,235	(]31)	11,104	(131)	10,973
Viridor grant	11,067	(346)	10,721	(346)	10,375
SEIFgrant	246,382	(6,000)	240,382	(6,000)	234,382
Big Lottery grant-
Photovoltaic	2,500	(2,500)
Building Research
Establishment (LCBP)
Grant —Photovoltaic	3,176	(3,176)
TDBC catering grant	1,533	(531)	1,002	(531)	471
Santander grant-
Interactive screen	1,680	(698)	982	(698)	284
Big Lottery —Station Rd	9,753	(220)	9,533	(220)	9,313
Station Road grants	8,871	(]98)	8,673	(199)	8,474
Kitchenette grants	16,360	(1,040)	15,320	(1,040)	14,280
Taunton Town Charity
Grant	2,134	(274)	1,860	(51)	1,809
	314,691	(15,114)	299,577	(9,216)	290,361

			Balance at	Resources	Balance at	Resources		Balance at
			1April 2019	expended	1April 2020	expende&l	Transfers	31March
								2021
Maintenance	reserve		24,064		24,064		(24,064)
Refurbishment		fund	6,)06	(191)	5,915	(191)	(5,724)
Other designated		funds	546	(475)	71	(7l)
Moving on fund			5,850		5,850			5,850
			36,566	(666)	35,900	(262)	(29,788)	5,850

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	2021	2020
Within one year	1,638	2,198
Between two and five years	3,240	4,878
ln over five years
	4,878	7,076

21	Cash generated from operations	Cash generated from operations				Restated
					2021	2020
	Surplus/(Deficit) for the year				22,392	(41,643)
	Adjustments for:
	Investment income recognised	in statement offinancial		activities	(28,836)	(20,773)
	Loss on disposal oftangible fixed assets					926
	Depreciation and impairment	oftangible	fixed assets		54,552	53,895
	Movements in working capital:
	Decrease in stocks				652
	Decrease/(Increase) in debtors				41,989	(1,495)
	(Decease)/increase in creditors				(11,150)	2,791
Cash	generated from/(used in) operations				79,599	(6,299)