2021-03-31-accounts - Countypier Limited

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REGISTERED COMPANY NUMBER: 01959412 REGISTERED CHARITY NUMBER: 295399

Report of the Trustees and

Audited Financial Statements for the Year Ended 31 March 2021

for

Countypier Limited

Martin+Heller Statutory Auditor 5 North End Road London NW11 7RJ

Countypier Limited

Contents of the Financial Statements for the Year Ended 31 March 2021

		Page
Report of the Trustees	1	to	3
Report of the Independent Auditors	4	to	5
Statement of Financial Activities		6
Balance Sheet		7
Cash Flow Statement		8
Notes to the Cash Flow Statement		9
Notes to the Financial Statements	10	to	17
Detailed Statement of Financial Activities		18

Countypier Limited

Report of the Trustees for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity was formed for the advancement of the education of persons expressing the orthodox Jewish faith, the advancement of the orthodox Jewish faith, and the relief of poverty in the orthodox Jewish community.

The charity is also actively involved in raising funds for general education, and relief of poverty, and to this end made substantial grants in the year under review.

Significant activities

There were no significant activities to be reported.

Public benefit

The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.

Grantmaking

Countypier Limited has within its Articles of Association the ability to make donations.

Volunteers

During the year, the charity did not have any volunteers to help with the objective of the charity.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The trustees consider that the performance of the charity this year has been most satisfactory. Substantial funds have been granted to institutions during the period from contributions received from donors.

The Statement of Financial Activities shows a net gain of £279,913 after making total grants of £415,250 and the reserves stand at £6,516,533.

Investment performance

The trustees are currently satisfied with the investment performance of the assets. The Company has not expanded its activities during the current year, but is always looking at opportunities, the current investment property portfolio is producing good results which enhances its charitable activities.

Internal and external factors

The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.

FINANCIAL REVIEW

Principal funding sources

Countypier Limited is pleased and fortunate to receive donations from a number of organisations. Also through its investment policy the returns from the investments have produced good rental income.

Overall the charity has experienced a good year and hopes it will continue to do so next year.

Investment policy and objectives

Under the memorandum and articles of association, the charity has the power to make any investment, which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that investment in property meets their requirements to generate both income and capital growth.

Page 1

Countypier Limited

Report of the Trustees for the Year Ended 31 March 2021

FINANCIAL REVIEW

Reserves policy

The charity does not maintain a reserves policy, as reserves are distributed when they become available at the trustees' discretion. The present level of funding is adequate to support the continuation of its objects and the trustees consider the financial position of the charity to be satisfactory.

FUTURE PLANS

There are no significant future developments to report.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. The company was formed on 14 November 1995. The charity is managed and controlled by the directors who are the trustees, who meet regularly.

Recruitment and appointment of new trustees

Trustees are appointed according to the Articles of Association.

Organisational structure

The Chief Executive of the charity is Mr A Halpern, to whom day to day management of the charity has been delegated.

The Board of Trustees must, as per the governing document, have at least 4 trustees serving at anyone time.

The entire board meets on a regular basis, at least quarterly, or more if required.

Induction and training of new trustees

All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply with the charities views of its progression.

New trustees undergo a briefing to ensure they are aware of both their legal and professional responsibilities under charity and company law.

Wider network

At present, Countypier Limited does not consider itself part of a wider network.

Related parties

Full details of the Related Party Transactions during the year ended 31 March 2020 can be found in Note 18 of the Financial Statements.

Risk management

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

01959412 (Not specified/Other)

Registered Charity number

295399

Registered office

5 North End Road Golders Green London NW11 7RJ

Page 2

Countypier Limited

Report of the Trustees for the Year Ended 31 March 2021

Trustees

A Halpern Mrs E Halpern Mrs C Klein

Company Secretaries

Mrs E Halpern D Kesselman

Senior Statutory Auditor

Mr A Heller FCA

Auditors

Martin+Heller Statutory Auditor 5 North End Road London NW11 7RJ

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Countypier Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Martin+Heller, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 23 December 2021 and signed on its behalf by:

A Halpern - Trustee

Page 3

Report of the Independent Auditors to the Members of Countypier Limited

Opinion

We have audited the financial statements of Countypier Limited (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 18 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Page 4

Report of the Independent Auditors to the Members of Countypier Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

**ERROR - DATA SCREEN - DETECTING IRREGULARITIES - TEXT SHOULD BE ENTERED HERE

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr A Heller FCA (Senior Statutory Auditor) for and on behalf of Martin+Heller Statutory Auditor 5 North End Road London NW11 7RJ

23 December 2021

Page 5

Countypier Limited

Statement of Financial Activities for the Year Ended 31 March 2021

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 Donations to Institutions Other Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	31.3.21 Unrestricted fund £ 247,000 549,331 796,331 94,896 415,250 6,353 516,499 81 279,913 6,236,620 6,516,533	31.3.20 Total funds £ 260,000 555,576 815,576 177,249 945,650 6,320 1,129,219 (230) (313,873) 6,550,493 6,236,620

The notes form part of these financial statements

Page 6

Countypier Limited

Balance Sheet 31 March 2021

Notes FIXED ASSETS Investments Investments 11 Investment property 12 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 14 NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS	31.3.21 Unrestricted fund £ 326 7,250,000 7,250,326 451,059 (254,420) 196,639 7,446,965 (930,432) 6,516,533 6,516,533 6,516,533	31.3.20 Total funds £ 245 7,250,000 7,250,245 156,598 (253,578) (96,980) 7,153,265 (916,645) 6,236,620 6,236,620 6,236,620

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2021 and were signed on its behalf by:

A Halpern - Trustee

The notes form part of these financial statements

Page 7

Countypier Limited

Cash Flow Statement

for the Year Ended 31 March 2021

Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by operating activities Cash flows from investing activities Purchase of fixed asset investments Dividends received Net cash provided by investing activities Cash flows from financing activities New loans in year Loan repayments in year Net cash provided by/(used in) financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	31.3.21 £ 293,617 (22,269) 271,348 - 26 26 50,000 (26,913) 23,087 294,461 156,598 451,059	31.3.20 £ 134,182 (57,696) 76,486 (32) 57 25 - (1,025,945 ) (1,025,945 ) (949,434) 1,106,032 156,598

The notes form part of these financial statements

Page 8

Countypier Limited

Notes to the Cash Flow Statement for the Year Ended 31 March 2021

1.	RECONCILIATION OF NET INCOME/(EXPENDITURE)	TO NET CASH	FLOW FROM
	OPERATING ACTIVITIES
			31.3.21	31.3.20
			£	£
	Net income/(expenditure) for the reporting period (as per the
	Statement of Financial Activities)		279,913	(313,873)
	Adjustments for:
	(Gain)/losses on investments		(81)	230
	Interest paid		22,269	57,696
	Dividends received		(26)	(57)
	Decrease in debtors		-	438,996
	Decrease in creditors		(8,458)	(48,810)
	Net cash provided by operations		293,617	134,182
2.	ANALYSIS OF CHANGES IN NET DEBT
		At 1/4/20	Cash flow	At 31/3/21
		£	£	£
	Net cash
	Cash at bank	156,598	294,461	451,059
		156,598	294,461	451,059
	Debt
	Debts falling due within 1 year	(25,946)	(9,300)	(35,246)
	Debts falling due after 1 year	(916,645)	(13,787)	(930,432)
		(942,591)	(23,087)	(965,678)
	Total	(785,993)	271,374	(514,619)

The notes form part of these financial statements

Page 9

Countypier Limited

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. Investment properties are re-valued annually and included in the balance sheet at their open market value. No depreciation has been provided for in respect of investment properties. These properties are held for investment and the directors consider that the adoption of this policy is necessary to give a true and fair view.

continued...

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Countypier Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2. DONATIONS AND LEGACIES Donations 3. INVESTMENT INCOME Rents received Dividends received 4. RAISING FUNDS Investment management costs Property repairs Legal and professional fees Rates & water Insurance Light & heat Sundries Communications Cleaning Management fee Interest payable and similar charges 5. CHARITABLE ACTIVITIES COSTS Donations to Institutions	31.3.21 31.3.20 £ £ 247,000 260,000 31.3.21 31.3.20 £ £ 549,305 555,519 26 57 549,331 555,576 31.3.21 31.3.20 £ £ 16,940 38,289 435 6,624 1,295 2,219 5,668 4,823 5,678 6,221 208 1,598 678 711 4,380 4,068 37,345 55,000 22,269 57,696 94,896 177,249 Grant funding of activities (see note 6) £ 415,250	31.3.20 £ 260,000
		31.3.20 £ 555,519 57
		555,576
		31.3.20 £ 38,289 6,624 2,219 4,823 6,221 1,598 711 4,068 55,000 57,696
		177,249

continued...

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Countypier Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. GRANTS PAYABLE

Donations to Institutions The total grants paid to institutions during the year was as follows: Friends of Sanz Institutions Notzar Chesed Donations Under £10,000 C.M.L. Beis Aharon Charitable Trust Ltd M H Belz Machnovke Alexander Shtiebel Friends of Boyan Trust ABC Trust Limited Beis Soroh Schneirer Beth Midrash Lemor Dushinsky Trust Limited F.O.B.C.L F.O.B.S.S Friends of Viznitz K.C.S Trust Mifal Hachesed Vehatzedokoh N.R.S.T One Heart Lev Echad Lehachzikom Keren Hatzolas Doros Alei Siach Shir Chesed Beis Yisroel B.F.O.T Torah Chesed Refuah Cio	31.3.21 £ 415,250 31.3.21 £ 96,500 - 21,850 25,900 - - - 92,000 - - - - - - - 48,000 - - - - 48,000 43,000 20,000 20,000 415,250	31.3.20 £ 945,650
		31.3.20 £ 243,000 85,000 12,700 14,900 32,000 150,000 50,300 82,250 12,500 18,000 18,500 30,000 40,000 28,000 18,000 - 45,000 11,000 38,500 16,000 - - - -
		945,650

SUPPORT COSTS
		Governance
	Finance	costs	Totals
	£	£	£
Other resources expended	353	6,000	6,353

continued...

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Countypier Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	31.3.21	31.3.20
	£	£
Auditors' remuneration	6,000	6,000

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Charitable activities Donations to Institutions Other Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted fund £ 260,000 555,576 815,576 177,249 945,650 6,320 1,129,219 (230) (313,873) 6,550,493 6,236,620

continued...

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Countypier Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 April 2020
Revaluations
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
There were no investment assets outside the UK.
Cost or valuation at 31 March 2021 is represented by:
Valuation in 2021
Valuation in 2020
Valuation in 2019
Cost
12.
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2020
and 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020

Listed
investments
£
245
81
326
326
245
Listed
investments
£
81
(230)
(1,280)
1,755
326
£
7,250,000
7,250,000
7,250,000

continued...

Page 14

Countypier Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21 £ Bank loans and overdrafts (see note 15) 35,246 Other creditors 154,597 Rent deposit 58,577 Accrued expenses 6,000 254,420 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.21 £ Bank loans (see note 15) 930,432 15. LOANS An analysis of the maturity of loans is given below: 31.3.21 £ Amounts falling due within one year on demand: Bank loans 35,246 Amounts falling between one and two years: Bank loans - 1-2 years 898,765 Amounts falling due between two and five years: Bank loans - 2-5 years 30,000 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 1,667 16. MOVEMENT IN FUNDS Net movement At 1/4/20 in funds £ £ Unrestricted funds General fund 6,236,620 279,913 TOTAL FUNDS 6,236,620 279,913	31.3.20 £ 25,946 146,892 74,740 6,000 253,578 31.3.20 £ 916,645 31.3.20 £ 25,946 25,946 890,699 - At 31/3/21 £ 6,516,533	31.3.20 £ 25,946 146,892 74,740 6,000
		253,578
		31.3.20 £ 916,645
		31.3.20 £ 25,946
		25,946
		890,699
	6,516,533

Page 15

continued...

Countypier Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 796,331 796,331	Resources expended £ (516,499) (516,499)	Gains and Movement losses in funds £ £ 81 279,913 81 279,913	Gains and Movement losses in funds £ £ 81 279,913 81 279,913
				279,913

Comparatives for movement in funds

Unrestricted funds General fund TOTAL FUNDS	At 1/4/19 £ 6,550,493 6,550,493	Net movement in funds £ (313,873) (313,873)	At 31/3/20 £ 6,236,620
			6,236,620

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund 815,576 (1,129,219 ) (230) TOTAL FUNDS 815,576 (1,129,219 ) (230) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1/4/19 in funds £ £ Unrestricted funds General fund 6,550,493 (33,960) TOTAL FUNDS 6,550,493 (33,960)	Movement in funds £ (313,873)
	(313,873)
	At 31/3/21 £ 6,516,533
	6,516,533

Page 16

continued...

Countypier Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources resources expended £ £ Unrestricted funds General fund 1,611,907 (1,645,718 ) TOTAL FUNDS 1,611,907 (1,645,718 )	Gains and Movement losses in funds £ £ (149) (33,960) (149) (33,960)

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

18. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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Countypier Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Rents received Dividends received Total incoming resources EXPENDITURE Investment management costs Property repairs Legal and professional fees Rates & water Insurance Light & heat Sundries Communications Cleaning Management fee Bank loan interest Charitable activities Grants to institutions Support costs Finance Bank charges Governance costs Auditors' remuneration Total resources expended Net income/(expenditure)	31.3.21 £ 247,000 549,305 26 549,331 796,331 16,940 435 1,295 5,668 5,678 208 678 4,380 37,345 22,269 94,896 415,250 353 6,000 516,499 279,832	31.3.20 £ 260,000 555,519 57 555,576 815,576 38,289 6,624 2,219 4,823 6,221 1,598 711 4,068 55,000 57,696 177,249 945,650 320 6,000 1,129,219 (313,643)

This page does not form part of the statutory financial statements

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