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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 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)|
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||||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|
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|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|
|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|
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|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|
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