2020-12-31-accounts

Index
Trustees' Annual Report		Page 1-2
Independent Examiner's	Report	3
Statement ofFinancial Activities		4
Balance Sheet		5
Notes to the Accounts		6-10

or the year ended 3	1December 2020
			2020	2019
			Unrestricted	Unrestricted
			Funds	Funds
		Note
Income &Expenditure
Incoming Resources
Operation ofMill —entry	fees			705
Activities for generating	funds:
Commercial trading operations			748	275
Other activities			3,120	15,465
Donations and grants			~31 39	8708
Total Income			38455	25153
Resources expended
Cost ofgenerating funds:
Merchandismg costs
Charitable Expenditure:
Costs ofactivities iu furtherance ofthe charity's objects:
Maintaining the Mill and its equipment			14,961	27,459
Management and administration			8 032 23 793	8 800 ~56 59
Total Resources Expended		3	23793	36259
Net Income/(Deficit) for	the year		11,662	(11,106)
Fund balances brought forward			~24 60	36074
Fund balances carried forward			36630	24968

				2020		2019
Purchase ofstock for resale				230		325
Maintenance				2,896		4,838
Light, Heat and Water				6/51		5,960
Independent examiners	fee			960		1,050
Depreciation				2,425		3,981
Advertising and promotions				2/71		4,234
Postage and stationery				296		1,328
Insurance				7,872		7,750
Other expenditure				392		6,793
				23293	5	35259
Net Income for the year
				2020		2019
Net Income for the year	is stated after charging:-
Depreciation			8	2425	5	3 982
Tangible Fixed Assets
				2020		2019
Freehold Land and Buildings		at valuation:
The Mill				I+009000		1,500,000
Mill Cottages				150,000		150,000
				KI,650,000		f1,650,000
The original cost ofThe Mill was f,18,243 and Mill Cottages f105,500
Plant and Machinery
Cost
At I January 2020				39445		39,393
Additions in year						152
At 31December 2020				f39,545		f39,545
Depreciation
At I January 2020				32,450		28,469
Provided for year				2,425		3,981
At 31December 2020				f349875		f32,450
Net BookValues at 31December 2020				f49670		K7,095

					2020	2019
Investment in	Crabble Com		MIII Trading Limited
Representing I ordinary		share ofRI
A summary ofits results		are shown below
Profit dt Loss	Account
Turnover					3,342	17,124
Cost ofsales					(2,396)	(12,398)
Gross profit					946	4,726
Administrative	expenses				(3,117)	(5,552)
Operating profit/(loss)					(2,171)	(826)
Profit/(loss) before taxation					(2,171)	(826)
Tax
Loss for the financial year					(2,171)	(826)
Balance Sheet
Fixed assets					526	619
Current assets					738	2,566
Current liabilities					(2480)	(2,030)
					(1,016)	1,155
Capital and Reserves
Share capital					I	I
Profit and loss	account				(1,017)	1,154
					(1,016)	1,155
Endowment Funds
The permanent	endowment		fund, which represents	the heritage assets ofthe company,	comprises the	following:
					2020	2019
The Crabble Corn Mill
Original Cost					18,243	18443
Revaluation					1,481,757	1,481,757
					1,500,000	1,500,000
Mill Cottages
Original Cost					105,500	105,500
Revaluation					44,500	44,500
					150,000	150,000

Permanent	Endowment	Fund	X1,650,000	f1,650,000
Summary
Original Cost			123,743	123,743
Revaluation			1,526,257	1,526757
			f,1,650,000	f1,650,000

Cottages	should not be sold with	out the permis	sion ofthe Lottery	Commission.
Analysis	ofnet assets between	funds
			General	Designated	Endowment
			Fund	Fund	Fund	Total
Tangible	fixed assets		4,670		1,650,000	1,654,670
Investments			I			I
Current	assets		27,443	6,871		34,314
Current	liabilities		(2,355)			(2,355)
			$29,759	K6,871	K1,650,000	K1,686,630