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|Contents|||
|---|---|---|
|||Page|
|Charity
Information|||
|Trustees'
Report||2—3|
|Independent
Examiner's|Report||
|Statement
of Financial|Activities||
|Balance Sheet|||
|Notes to the Financiai Statements||7—10|
|Trustees|Trustees|||John Fletcher|(Chair)|
|---|---|---|---|---|---|
|||||Jim Baker||
|||||Helen
Elliott||
|||||Viv Streeter (resigned 04/11/20)||
|||||Jill Venn||
|||||Mike Holmes||
|||||Graeme
Ryan||
|||||Jan Leigh (retired 30/09/21)||
|||||Patrick West||
|Company||Secretary||John Fletcher||
|Company||Number||2266134||
|Charity|Number|||299698||
|Registered|||Office|April Point||
|||||Pickeridge
Hill||
|||||Corfe||
|||||Taunton||
|||||Somerset||
|||||TA3 7BY||
|Independent|||Examiner|Gavin
Brown|FCCA|
|||||David Collard|and Co|
|||||Brunel House||
|||||Bindon Road||
|||||Taunton||
|||||Somerset||
|||||TA2 6BJ||
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||||||Unrestricted|Endowment|Total funds|Total funds|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|2021|2020|
|||||Notes||f|E|E|
|INCOME|||||||||
|Income and endowments||from:|||||||
|Investments:|||||||||
|Dividends||||||23,468|23,468|52,933|
|Bank compensation|payment||||1,817||1,817||
|Bank interest|||||2||2|116|
|Total|||||1,819|23,468|25,287|53,049|
|EXPENDITURE|||||||||
|Raising funds:|||||||||
|Investment
portfolio management|||costs|||15,361|15,361|16,030|
|Allocated
support costs:|||||||||
|Bank charges|||||39||39|40|
|Accountancy
fees|||||957||957|627|
|Other costs|||||180||180|322|
||||||1,176|15~361|16g537|17,019|
|Charitable
activities:|||||||||
|Arts centre grant|||||96,612||96,612|114,144|
|Allocated
support costs:|||||||||
|Bank charges|||||39||39|41|
|Accountancy
fees|||||957||957|627|
|Other costs|||||180||180|322|
||||||97,788||97,788|115,134|
|Total|||||98,964|15,361|114,325|132,153|
|NET INCOME/(EXPENDITURE)
INVESTMENT GAINS/(LOSSES)|||BEFORE||(97,145)|8,107|(89,038)|(79,104)|
|Net gains/(losses)|on investments|||||290,454|290,454|(207,923)|
|NET INCOME/(EXPENDITURE)|||||(97gi45)|298~561|201~416|(287~027)|
|Transfers
between|funds||||84,990|(84,9903|||
|NET MOVEMENT IN FUNDS|||||(12,155)|213,571|201,416|(287,027)|
|RECONCILIATION|OF FUNDS:||||||||
|Total funds brought|forward||||24,517|1,507,570|1,532,087|1,819,114|
|TOTAL FUNDS CARRIED FORWARD|||||12s362|1,721,141|1,733,503|1,532,087|
||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible assets||4||35||35|
|Investments||5||1,726,141||1,519,722|
|||||1,726,176||1,519,757|
|CURRENT ASSETS|||||||
|Debtors|||||5,507||
|Cash at bank|||32,365||8,749||
||||32,365||14,256||
|Creditors: Amounts
year|falling due within one||(25,038)||(1s926)||
|NET CURRENT ASSETS||||7,32?||12,330|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||1,733,503||1,532,087|
|NET ASSETS||||1,733,503||1I532I087|
|FUNDS|||||||
|Unrestricted
funds||||12,362||24,517|
|Endowment
funds||||1,721,141||1,507,570|
|TOTAL CHARITY FUNDS||||1,733,503||1,532,087|
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|4.Tangible||Ass|ets||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Ornaments,|
|||||||||||books etc|
|Cost|||||||||||
|As at 1 April||2020||||||||5,275|
|As at 31 March|||2021|||||||5,275|
|Depreciation|||||||||||
|As at 1 April||2020||||||||5,240|
|As at 31 March|||2021|||||||5,240|
|Net Book Value|||||||||||
|As at 31 March|||2021|||||||35|
|As at 1 April||2020||||||||35|
|5.Fixed Asset Investments|||||||||||
||||||||||2021|2020|
|||||||||||f|
|Market Value||at|1 April||2020||||1,519,722|1,772,118|
|Income received|||||||||23,468|52,933|
|Management||charges|||||||(15,361)|(16,030)|
|Withdrawals|||||||||(92,142)|(81,376)|
|Revaluation|gains/(losses)||||||||290,454|(207,923)|
|Market value||at|31 March|||2021|||1,726,141|1,519,722|
|Investments||at|market||value comprise:-||||||
|Investment|property|||—Land|||at White Street North|Curry|5,000|5,000|
|HSBC managed|||investment||||portfolio —Listed shares and unit trusts||1,693,005|1,496,551|
|HSBC managed|||investment||||portfolio —Cash||28,136|18,171|
||||||||||1,726,141|1,519,722|
|Historical
Cost as at 31 March 2021|||||||||1,539,024|1,539,024|
|6.Debtors|||||||||||
||||||||||2021|2020|
||||||||||E||
|Other debtors||||||||||5,325|
|Prepayments||and accrued||||income||||182|
|||||||||||5,507|
|7.Creditors:||Amounts|||Falling Due Within One|||Year|||
||||||||||2021|2020|
||||||||||f|E|
|Grant payable||to arts||centre|||||21,198||
|Accruals and||deferred||income|||||3,840|1,926|
||||||||||25,038|1,926|
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||||At 1Apr
2020
E|Incoming
resources
E|Resources
expended
f|Gains/(lo
E|)|Transfers|At 31Mar
2021|
|---|---|---|---|---|---|---|---|---|---|
|General
fund|||20,503|1,819|(98,964)|||84,990|8,348|
|Revaluation|reserve||4,014||||||4,014|
|Unrestricted|funds||24,517|1~819|(98g964)|||84,990|12,362|
|Tacchi-Morris|Arts Centre|Fund|1,507,570|23,468|(15,361)|290,454||(84,990)|1,721,141|
|Endowment|funds||1J507~570|23g468|(15361)|290|454|(84990)|1721~141|
|Total Charity funds|||1~532087|25 287|(114~325)|290,454||-|1,733,503|
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|||Unrestricted|Endowment|At 31Mar|
|---|---|---|---|---|
|||funds|funds|2021|
|||E|E|E|
|Year ended 31March 2021|||||
|Tangible|assets|35||35|
|Investments||5,000|1,721,141|1,726,141|
|Current|assets|32,365||32,365|
|Creditors|less than 1year|(25,038)||(25,038)|
|Net assets||12g362|ig721g141|ig733~503|
|||Unrestricted|Endowment|At31Mar|
|---|---|---|---|---|
|||funds|funds|2020|
|||f|E|E|
|Year ended 31March 2020|||||
|Tangible|assets|35||35|
|Investments||12,152|1,507,570|1,519,722|
|Current|assets|14,256||14,256|
|Creditors|less than 1year|(1,926)||(1,926)|
|Net assets||24517|1~507~570|1~532~087|
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