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|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|
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|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|
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|||||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|
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||||||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|
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|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|