## ||||2020| |---|---|---|---| ||Note||| |Income|||| |Rents|||| |Hirings
Interest||24,343
7,033|24,935
4,247| |Electric Feed-in tariff
Covid grant from SODC||127
174
9,907|342
209
10,000| |Total income||41,784|39.733| |Expenditure
on|||| |Cleaning expenses
Heat and light
Stables costs||7,480
7,867
600|5,148
2,256| |Water
Fire protection
Insurances
Repairs
Premises costs
Telephone
and broadband
Website costs
Legal and professional
General adtnin
and sundries
Bad debts||(172)
802
1,229
2,192
1,264
533
411
1,469
309|619
2,649
1,121
2,589
364
573
361
351
252| |Covid related expenses
Exceptional repairs and renewals
Depreciation
—fixtures and fittings
-property
improvements||1,392
19,859
3,112
2,306|552
785
2,838
2,160
2,304| |Total expenditure||45,653|24,922| |(Deficit)/Surplus
for the year|7|(3,869)|14,811| |Funds brought
forward||1,127,445|1,112,634| |Funds carried forward||1,123,576|1,127,445| ||||The Merry Bells Village Ball|| |---|---|---|---|---| ||||Clw iiy uw ss6769|| ||||Notes to the Financial Statements
for tbe Year ended|31 December 2021| |1.Accounting||Policies||| |a) Basis ofaccounting||||| ||||The financial statements
have been prepared
on the historical|cost convention| ||||(with the exception offreehold property
included
at estunated
in accordance with accounthtg
standards.
the Charities SORP
the Charities (Accounts
and Reports) Resulations
issued under|current value) and
and comply with
the Charities Act 2011.| |b) Recognition|||ofincome|| ||||Income is recognised
in tbe Siatement ofFinancial Activities ivhen:|| ||||the charity becomes entitled to the resources:|| ||||the trustees are virtually
certain that they will receive the resources;
and|| ||||the monetary
value can be measured
with sufficient reliability.|| |c)Investment||Income||| ||||Invesun ant income is included
in the accounts when
receivable.|| |d) Liability|Recognition|||| ||||Liabilities are recognised
as soon as there is a legal or constructive
obligation|| ||||commiiting
the charity to pay out resources.|| |e)Tangible|Fixed Assets used by the Charity|||| ||||Fixed assets are capitalised ifthey can be used for more than one year and cost at
leastf500.They are included
at cost with the exception of&eehold property which
has been included
at a valuation
as at 31 December 2009.|| |fl Depreciation||||| ||||Freehold property
-this asset has an htdefinitely
long useful life|and is maintained| ||||to a high standard
and so is not depreciated.
The Management
Committee
has|| ||||received professional
advice regarduig
its value.|| ||||Property
unprov ements - 10%straight
line.|| ||||Fixtures and fittuigs
—20%reducing
balance.|| |2.Ilnrestricted|Income|||| ||||All funds as at 31 December 2021 and 31 December 2020 were|unrestricted.| ## |4.Tangible Fi|xed Assets||||| |---|---|---|---|---|---| |||Freehold|Property|Fixtures &|| |||Property|Improvements|Fittiiags|Total| |Cost or valuation|||||| |At I January 2021
Additions
At 31Deceniber 2021||1,000,000
I 000,000|43 067
43 067|35602
5,420
41 022|1,078,669
3.420.00
1,084,089| |Depreciation|||||| |At I January 2021
Charge for the year
At 31 December 2021|||35,426
2,306
37732|25,493
3,112
28 605|60,919
5,418
66,337| |Net book value|at 31 December 2021|1,000,000|5335|12417|1,017,752| |Net book value|at31December 2020|I 000 000|7 641|10109|1,017,750| ||||2021||2020| |5.Debtors|||||| |Hirings|||516||157| |Other debtors|||1,890||1035| ||||2,406||1,192| ||||7021||2020| |G.Creditors|||||| |Rent and hirings paid in advance
Other creditors|||2,500
556||2,500
1,102| ||||3,056||3,602| |7.Unrestricted|Reserves||||| ||||Property|General|| ||||Reserve|Reserve|Total| |Brought forward
Deficit for the year
Balance at31 December 2021|||1,000,000
I 000,000|127,445
(3,869)
123 576|1,127,445
(3,869)
1.123,576| ## ## ##