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|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|
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||||||||||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|
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||||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||
##
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|||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|
##
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|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)|
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