Charity Registration No. 502433
HEATHERSLAW MILL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021
HEATHERSLAW MILL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Lord Joicey |
|---|---|
| R.E. Greenwood | |
| Mr M. Cuddigan | |
| Charity number | 502433 |
| Principal address | The Estate Office |
| Ford Village | |
| Berwick-upon-Tweed | |
| Northumberland | |
| TD15 2QA | |
| Independent examiner | Alan Patterson FCA |
| 17 Walkergate | |
| Berwick-upon-Tweed | |
| Northumberland | |
| TD15 1DJ | |
| Bankers | Barclays Bank plc |
| BFP Operations | |
| 8 Nelson Mandela Place | |
| Glasgow | |
| G2 1BT | |
| Solicitors | Womble Bond Dickinson (UK) LLP |
| One Trinity | |
| Broad Chare | |
| Newcastle upon Tyne | |
| NE99 1SB |
HEATHERSLAW MILL TRUST
CONTENTS
| Page | |
|---|---|
| Policy statement | 1 |
| Trustees' report | 2 - 3 |
| Statement of trustees' responsibilities | |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 - 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 - 16 |
HEATHERSLAW MILL TRUST
POLICY STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2021
1 Background
The Settlement is a Charitable Trust. It was created by a deed ("the Governing Deed") dated 19th April 1973. The principal objectives are the preservation and maintenance of the Heatherslaw Mill in Northumberland.
2 Assets
The prinicpal assets of the Settlement ("the Trust Fund") are a lease of the site known as Heatherslaw Mill for 54 years from 12th May 2019 and certain cash deposits. The Trust Fund does not include any restricted endowment funds.
3 Policy
To manage the Trust Fund in accordance with the objectives set out in the Governing Deed, general charity law and such regulations or other directions as may be laid down from time to time by the Charity Commissioners in relation to the management of Charitable Trusts of a similar nature to the Settlement.
In addition to taking note of all relevant charity law, to note and monitor the new requirements as to public benefit introduced under The Charities Act 2011 and to manage the Trust so as to ensure compliance with this aspect of the Act.
To appoint and regularly monitor such agents and professional advisors as are required for the effective management of the Trust Fund and the implementation of these policies and to periodically review the terms and conditions of the appointments.
To appoint and regularly monitor such musuem or curatorial advsiors as are required for the effective management of the museum and to periodically review the term and conditions of their appointment.
4 Agents
The current agents are Savills (UK) Ltd and Womble Bond Dickinson Wealth Limited.
Savills (UK) Ltd has responsibility for the day to day management of the land leased by the trustees.
Womble Bond Dickinson Wealth Limited has responsibility for the management of cash deposits.
The agents will be required to agree to the provisions of this policy document and to the extent that discretionary management responsibilities are delegated to them to report on the exercise of such discretion at such times and on such a basis as the trustees may from time to time decide.
5 Trustee Delegation
Whilst the trustees remain responsible for the creation of the policy, the trustees delegate approval and implementation of detailed policy documents and key plans within the overall policy of trustees guidelines to Lord Joicey, who will report his actions at least annually and through copy correspondence as appropriate. This delegation will be reviewed at each Annual Meeting of the Trustees.
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HEATHERSLAW MILL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2021
The trustees present their annual report and financial statements for the year ended 31 October 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ).
Objectives and activities
The charity was established for the purpose of restoring Heatherslaw Mill to working order and thereafter of maintaining it as a museum for the benefit of the general public.
Public benefit
In considering the operations, achievements and performance and finances of the charity, t he trustees are satisfied that public benefit has been provided in accordance with the Charities Act 2011 and guidance issued by the Charity Commission.
Achievements and performance
The summer of 202 1 continued to be a unique period in the history of the Mill with the effect s of Covid-19 impacting on all part of the Trust activities.
The Mill was open to the public for only part of the year continuing to severely reduce income levels.
A major breakdown in the drive shaft caused considerable disruption to production and significant repair costs.
The Mill closed in late summer due to a rodent infestation which has since been eradicated at a material cost.
Major refurbishment works are being undertaken in the Cafe over the 2021/2022 winter period with view to all works being completed prior to the opening of the 2022 season.
Reserves policy
The trustees have reviewed the reserves of the charity and have considered the nature of the income and expenditure streams. They consider that the reserves held are sufficient and necessary to allow the charity to fulfil its objectives. The level of reserves held is shown in note s 17, 18 and 19 to these accounts.
Risk assessment
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity was established by a charitable trust deed on 19 April 1973.
The trustees who served during the year and up to the date of signature of the financial statements were: Lord Joicey
R.H. Dickinson CBE DL (Resigned 18 January 2021) R.E. Greenwood Mr M. Cuddigan
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HEATHERSLAW MILL TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' r eport was approved by the Board of Trustees.
Lord Joicey
Trustee Dated: 24 January 2022
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HEATHERSLAW MILL TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEATHERSLAW MILL TRUST
I report to the trustees on my examination of the accounts of the charity for the year ended 31 October 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alan Patterson FCA
17 Walkergate Berwick-upon-Tweed Northumberland TD15 1DJ
Dated: 24 January 2022
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HEATHERSLAW MILL TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2021
| Current financial year Unrestricted Designated Designated funds funds funds general property reserve general 2021 2021 2021 Notes £ £ £ Income and endowments from: Donations and legacies 3 12,540 3,000 - Income from charitable activities 4 76,913 - - Investments 5 5,500 - - Other income 6 - - - Total income 94,953 3,000 - Expenditure on: Raising funds 7 25,611 - - Charitable activities 8 75,479 - - Total resources expended 101,090 - - Net (expenditure)/income for the year/ Net movement in funds (6,137) 3,000 - Net (expenditure)/income for the year/ Net movement in funds (6,137) 3,000 - Fund balances at 1 November 2020 393,345 9,000 7,250 Fund balances at 31 October 2021 387,208 12,000 7,250 |
Total 2021 £ 15,540 76,913 5,500 - 97,953 25,611 75,479 101,090 (3,137) (3,137) 409,595 406,458 |
Total 2020 £ 15,500 81,350 59 10,000 106,909 29,601 53,013 82,614 24,295 24,295 385,300 409,595 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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HEATHERSLAW MILL TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2021
Prior financial year
| Unrestricted Designated Designated funds funds funds general property reserve general 2020 2020 2020 Notes £ £ £ Income and endowments from: Donations and legacies 3 12,500 3,000 - Income from charitable activities 4 81,350 - - Investments 5 59 - - Other income 6 10,000 - - Total income 103,909 3,000 - Expenditure on: Raising funds 7 29,601 - - Charitable activities 8 53,013 - - Total resources expended 82,614 - - Net (expenditure)/income for the year/ Net movement in funds 21,295 3,000 - Fund balances at 1 November 2019 372,050 6,000 7,250 Fund balances at 31 October 2020 393,345 9,000 7,250 |
Total 2020 £ 15,500 81,350 59 10,000 106,909 29,601 53,013 82,614 24,295 385,300 409,595 |
|---|---|
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HEATHERSLAW MILL TRUST
BALANCE SHEET
AS AT 31 OCTOBER 2021
| Notes Fixed assets Tangible assets 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Deferred income 16 Net assets Income funds Designated funds - general 17 Designated funds - property reserve 19 Unrestricted funds - general |
2021 £ 8,591 8,445 189,655 206,691 (4,556) |
£ 205,670 202,135 407,805 (1,347) 406,458 7,250 12,000 387,208 406,458 |
2020 £ 6,697 8,951 193,954 209,602 (6,240) |
£ 207,657 203,362 411,019 (1,424) 409,595 7,250 9,000 393,345 409,595 |
|---|---|---|---|---|
The accounts were approved by the Trustees on 24 January 2022
Lord Joicey Trustee
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HEATHERSLAW MILL TRUST
BALANCE SHEET (CONTINUED) AS AT 31 OCTOBER 2021
1 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2 Accounting policies
Charity information
Heatherslaw Mill Trust is an unincorporated charity governed by a Trust Deed and registered with the Charity Commission Number - 502433.
2.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
2.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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HEATHERSLAW MILL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
2 Accounting policies
(Continued)
2.5 Resources expended
Expenditure is accounted for on the accruals basis and is recognised in the period in which it is incurred, allocated to the particular activity, to which the cost relates.
2.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Property improvements Nil Website 25% Straight Line Equipment 10% / 20% Straight Line Fixtures and fittings 10% / 20% Straight Line
It is the charity's policy to capitalise items costing more than £200.
Leasehold property improvements are not depreciated on the grounds that the lease, which was signed during the year runs to the 12 May 2073 and any depreciation charge would be immaterial over the expected useful life of the asset.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
2.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
2.8 Stocks
Stock is valued at the lower of cost and net realisable value.
2.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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HEATHERSLAW MILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
2 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
2.11 Arts Council grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
3 Donations and legacies
| Unrestricted Unrestricted funds funds general d esignated £ £ Donations and gifts 40 3,000 Gift aid including tax repayment 12,500 - 12,540 3,000 For the year ended 31 October 2020 12,500 3,000 |
Total 2021 £ 3,040 12,500 15,540 |
Total 2020 £ 3,000 12,500 15,500 15,500 |
|---|---|---|
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HEATHERSLAW MILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
| 4 Income from charitable activities Admission tickets Sales Rents High level stewardship scheme 5 Investments |
2021 £ 16,626 46,777 13,510 - 76,913 |
2020 £ 11,231 55,515 12,204 2,400 81,350 |
|---|---|---|
| Unrestricted funds general 2021 £ Interest receivable 5,500 6 Other income Total 2021 £ Covid-19 grant - |
Total 2020 £ 59 Total 2020 £ 10,000 |
|---|---|
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HEATHERSLAW MILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
7 Raising funds
| Costs of generating funds Fundraising trading: costs of goods sold Charitable activities Staff costs Depreciation and impairment Bank charges Heat and light Property repairs and maintenance Exhibition costs Flood damage sinking fund Share of governance costs (see note 10) |
2021 £ 25,611 25,611 2021 £ 26,212 2,942 148 1,579 31,274 1,270 3,000 66,425 9,054 75,479 |
2020 £ 29,601 29,601 2020 £ 26,492 1,380 85 2,220 12,944 - 3,000 46,121 6,892 53,013 |
|---|---|---|
8 Charitable activities
9 Trustees
No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to or connected with any of them (20 20 : £Nil) .
No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year (20 20 : £Nil) .
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HEATHERSLAW MILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
10 Support costs
| Support costs Governance costs £ £ Legal and professional - 2,290 Rent - 10 Rates and insurances - 5,819 Postage, stationery, advertising and telephone - 608 General administration expenses - 327 - 9,054 Analysed between Charitable activities - 9,054 |
2021 £ 2,290 10 5,819 608 327 9,054 9,054 |
2020 £ - 10 6,114 476 292 6,892 6,892 |
|---|---|---|
Governance costs includes payments to the independent examiner of £ Nil (2020 : £ Nil ) for accountancy and independent examination services.
11 Employees
Number of employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Part time | 2 | 2 |
| Full time | 1 | 1 |
| 3 | 3 | |
| Employment costs | 2021 | 2020 |
| £ | £ | |
| Wages and salaries | 24,259 | 24,378 |
| Social security costs | 1,128 | 1,250 |
| Other pension costs | 825 | 864 |
| 26,212 | 26,492 |
There were no employees whose annual remuneration was £60,000 or more.
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HEATHERSLAW MILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
| 12 Tangible fixed assets Property improvements £ Cost At 1 November 2020 197,663 Additions - At 31 October 2021 197,663 Depreciation and impairment At 1 November 2020 - Depreciation charged in the year - At 31 October 2021 - Carrying amount At 31 October 2021 197,663 At 31 October 2020 197,663 13 Stocks Raw materials and consumables 14 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Trade creditors Other creditors |
Website Equipment Fixtures and fittings £ £ £ 1,808 32,328 36,206 - - 1,032 1,808 32,328 37,238 1,808 26,239 32,301 - 1,518 1,501 1,808 27,757 33,802 - 4,571 3,436 - 6,089 3,905 2021 £ 8,591 2021 £ 5,800 2,645 8,445 2021 £ 4,306 250 4,556 |
Total £ 268,005 1,032 269,037 60,348 3,019 63,367 205,670 207,657 2020 £ 6,697 2020 £ 5,842 3,109 8,951 2020 £ 5,990 250 6,240 |
|---|---|---|
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HEATHERSLAW MILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
16 Deferred income
| Arising from government grants Other deferred income |
2021 £ 304 1,043 1,347 |
2020 £ 545 879 1,424 |
|---|---|---|
17 Designated funds - general
| Movement | Movement | |||||
|---|---|---|---|---|---|---|
| in funds | in funds | |||||
| Balance at | Incoming | Balance at | Incoming | Balance at | ||
| 1 | November | resources | 1 November | resources | 31 October | |
| 2019 | 2020 | 2021 | ||||
| £ | £ |
£ | £ |
£ | ||
| Designated funds - general | 7,250 | - |
7,250 | - |
7,250 |
The designated fund - general is an unrestricted fund that has been set aside by the trustees for particular purposes.
18 Unrestricted funds - designated
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
| Movement | Movement | |||||
|---|---|---|---|---|---|---|
| in funds | in funds | |||||
| Balance at | Incoming | Balance at | Incoming | Balance at | ||
| 1 | November | resources | 1 November | resources | 31 October | |
| 2019 | 2020 | 2021 | ||||
| £ | £ |
£ | £ |
£ | ||
| Property reserve | 6,000 | 3,000 |
9,000 | 3,000 |
12,000 |
The property reserve fund is a designated fund with monies put aside to cover future repair costs.
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HEATHERSLAW MILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
| 19 Analysis of net assets between funds Unrestricted Funds Designated Fund - property reserve Designated Fund - general 2021 2021 2021 £ £ £ Fund balances at 31 October 2021 are represented by: Tangible assets 205,670 - - Current assets/(liabilities) 182,885 12,000 7,250 Provisions and deferred income (1,347) - - 387,208 12,000 7,250 |
Total 2021 £ 205,670 202,135 (1,347) 406,458 |
Total 2020 £ 207,657 203,362 (1,424) 409,595 |
|---|---|---|
20 Related party transactions
There were no disclosable related party transactions during the year (2020 : N one) .
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HEATHERSLAW MILL TRUST
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2021
| Donations and legacies Donations Gift aid including tax repayment Donations - designated Investment income Bank interest Incoming resources from charitable activities Admission tickets Sales Rents High level stewardship scheme Other incoming resources Covid-19 Grant Total incoming resources Resources expended Costs of generating funds Fundraising trading : costs of goods sold Cost of sales Direct charitable activities Wages Depreciation and amortisation Bank charges Heat and light Property repairs and maintenance Exhibition costs Property repairs fund Balance Carried Forward |
£ 40 12,500 3,000 16,626 46,777 13,510 - 26,212 2,942 148 1,579 31,274 1,270 3,000 |
2021 £ 15,540 5,500 76,913 - 97,953 (25,611) (66,425) 5,917 |
£ - 12,500 3,000 11,231 55,515 12,204 2,400 26,492 1,380 85 2,220 12,944 - 3,000 |
2020 £ 15,500 59 81,350 10,000 106,909 (29,601) (46,121) 31,187 |
|---|---|---|---|---|
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HEATHERSLAW MILL TRUST
DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021
| Balance Brought Forward Support costs Legal and professional Rent Rates and insurances Postage, stationery, advertising and telephone General administration (Deficit)/Surplus for the Year |
£ 2,290 10 5,819 608 327 |
2021 £ 5,917 (9,054) (3,137) |
£ - 10 6,114 476 292 |
2020 £ 31,187 (6,892) 24,295 |
|---|---|---|---|---|
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