| Contents | |||
|---|---|---|---|
| Page | |||
| Charity Information |
|||
| Trustees' Report |
2—3 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial |
Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 7—10 |
| Trustees | 3ohn Fletcher (Chair) | ||
|---|---|---|---|
| 3im Baker | |||
| Helen Elliott | |||
| 3ill Venn | |||
| Mike Holmes | |||
| Graeme Ryan |
|||
| Patrick West | |||
| Company | Secretary | 3ohn 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 68) |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 4 | 35 | 35 | |||
| Investments | 5 | 1,708,152 | 1,726,141 | |||
| 1,708,187 | 1,726,176 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 4,467 | |||||
| Cash at bank | 8,372 | 32,365 | ||||
| 12,839 | 32,365 | |||||
| Creditors: Amounts year |
falling due within one | (1,800) | (25,038) | |||
| NET CURRENT ASSETS | 11,039 | 7,327 | ||||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 1,719,226 | 1,733,503 | ||||
| NET ASSETS | 1,719,226 | 1,733,503 | ||||
| FUNDS | ||||||
| Unrestricted funds |
14,815 | 12,362 | ||||
| Endowment funds |
1,704,411 | 1,721,141 | ||||
| TOTAL CHARITY FUNDS | 1,719,226 | 1,733,503 |
| Unrestricted | Endowment | Total funds | Total funds | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||||
| Notes | E | E | E | E | ||||
| INCOME | ||||||||
| Income and endowments | from: | |||||||
| Investments: | ||||||||
| Dividends | 25,932 | 25,932 | 23,468 | |||||
| Bank compensation | payment | 1,817 | ||||||
| Bank interest | 2 | |||||||
| Total | 25g932 | 25~932 | 25g287 | |||||
| EXPENDITURE | ||||||||
| Raising funds: | ||||||||
| Investment portfolio management |
costs | 14,304 | 14,304 | 15,361 | ||||
| Allocated support costs: |
||||||||
| Bank charges | 8 | 39 | ||||||
| Accountancy fees |
999 | 999 | 957 | |||||
| Other costs | 180 | |||||||
| 1,007 | 14,304 | 15,311 | 16,537 | |||||
| Char itable activities: | ||||||||
| Arts centre grant | 67,533 | 67,533 | 96,612 | |||||
| Allocated support costs: |
||||||||
| Bank charges | 8 | 8 | 39 | |||||
| Accountancy fees |
999 | 999 | 957 | |||||
| Other costs | 180 | |||||||
| 68,540 | 68,540 | 97,788 | ||||||
| Total | 69,547 | 14,304 | 83,851 | 114,325 | ||||
| NET INCOME/(EXPENDITURE) GAINS/(LOSSES) |
BEFORE INVESTMENT | (69,547) | 11,628 | (47,919) | (89,038) | |||
| Net gains/(losses) | on investments | 43,642 | 43,642 | 290,454 | ||||
| NET INCOME/(EXPENDITURE) | (69,547) | 55,270 | (14,277) | 201,416 | ||||
| Transfers between |
funds | 72,000 | (72,000) | |||||
| NET MOVEMENT IN FUNDS | 2/453 | (16g730) | (14g277) | 201/416 | ||||
| RECONCILIATION | OF FUNDS: | |||||||
| Total funds brought | forward | 12,362 | 1,721,141 | 1,733,503 | 1,532,087 | |||
| TOTAL FUNDS CARRIED FORWARD | 14~815 | 1~704g411 | 1g719g226 | 1~733g503 |
| 4.Tangible Assets | |||||
|---|---|---|---|---|---|
| Ornaments, | |||||
| books etc | |||||
| Cost | |||||
| As at 1 April 2021 | 5,275 | ||||
| As at 31 March 2022 | 5,275 | ||||
| Depreciation As at 1April 2021 |
5,240 | ||||
| As at 31 March 2022 | 5,240 | ||||
| Net BookValue As at 31 March 2022 |
35 | ||||
| As at 1 April 2021 | 35 | ||||
| 5.Fixed Asset Investments | 2022 | 2021 | |||
| E | E | ||||
| Market Value at 1 April 2021 Income received Management charges Withdrawals Revaluation gains/(losses) |
1,726,141 25,932 (14,304) (73,259) 43,642 |
1,519,722 23,468 (15,361) (92,142) 290,454 |
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| Market value at 31 March 2022 | ig708g152 | 1~726~141 | |||
| Investments at market value comprise:- Investment property —Land at White Street North Curry HSBC managed investment portfolio —Listed shares and unit trusts HSBC managed investment portfolio —Cash |
5,000 1,673,122 30,030 |
5,000 1,693,005 28,136 |
|||
| ig708~152 | ig726~141 | ||||
| Historical Cost as at 31 March 2021 |
1,539,024 | 1,539,024 | |||
| 6.Debtors | 2022 | 2021 | |||
| f. | E | ||||
| TMAC repayment | 4,467 | ||||
| Prepayments and accrued |
income | ||||
| 4,467 | |||||
| 7.Creditors: Amounts Falling Due Within One Year |
2022 | 2021 | |||
| E | f. | ||||
| Grant payable to arts centre Accruals and deferred income |
1,800 | 21,198 3,840 |
|||
| 1,800 | 25,038 |
| 8.1Move | m | ent in funds |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1Apr 2021 f |
Incoming resources E |
Resources expended 6 |
+ . I(i Gains/(losses) E |
) | Transfers | At 31Mar 2022 E |
||||||
| General fund |
8,348 | (69,547) | 72,000 | 10,801 | ||||||||
| Revaluation | reserve | 4,014 | 4,014 | |||||||||
| Unrestricted | funds | 12,362 | (69,547) | 72,000 | 14,815 | |||||||
| Tacchi-Morris | Arts Centre Fund | 1,721,141 | 25,932 | (14,304) | 43,642 | (72,000) | 1,704,411 | |||||
| Endowment | funds | 1,721,141 | 25,932 | (83,851) | 43g642 | (72~000) | 1~704I411 | |||||
| Total Charityfunds | 1~733503 | 25932 | (83/851) | 43,642 | - | 1,719,226 | ||||||
| 8.2Analysis of net assets between | funds | |||||||||||
| Unrestricted | Endowment | At 31Mar | ||||||||||
| funds | funds | 2022 | ||||||||||
| E | E | |||||||||||
| Year ended | 31March 2022 | |||||||||||
| Tangible assets | 35 | 35 | ||||||||||
| Investments | 5,000 | 1,703,152 | 1,708,152 | |||||||||
| Current assets | 12,839 | 12,839 | ||||||||||
| Creditors less |
than 1year | (1,800) | (1,800) | |||||||||
| Net assets | 16g074 | 1I703g152 | 1~719I226 |
| 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 | 12,362 | 1,721,141 | 1,733,503 |