**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...
Page 10
**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...
Page 11
**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|
|**7.**|**SUPPORT COSTS**||||
|---|---|---|---|---|
||||Governance||
|||Finance|costs|Totals|
|||£|£|£|
||Other resources expended|353|6,000|6,353|
continued...
Page 12
**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...
Page 13
**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.
Page 17
**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
Page 18