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|Headline
Figures|||
|---|---|---|
|Objective ofthe Trust|||
|Mission statement|||
|Promoting
the historic|environment||
|Understanding
the historic environment|||
|Conserving
the historic|environment||
|Public Benefit|||
|Structure, governance|and management||
|Financia I review|||
|Statement as to disclosure of information||to Auditors|
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|||29.04.20|18.05.20|30.06.20|22.07.20|21.10.20|20.01.21|AGM|
|---|---|---|---|---|---|---|---|---|
|Astrid Caseldine BSc|||||||||
|PGCE|||||||||
|Nigel Clubb
MA MCIfA|||||||||
|FSA|||||||||
|3effrey
L Davies BA|PhD||||||||
|Chris Delaney Bsc|FMA||||||||
|Heather lames
BA|FSA||||||||
|Hywei
R R 3ohn
MA|FCA||||||||
|Emma Plunkett
Dillon|||||||||
|BA PilD|||||||||
|3ennifer Protheroe-|||||||||
|3ones BSc(resigned|||||||||
|17.03.2021|||||||||
|3udith
Wainwright|MA||||||||
|Msc FIC FRSA|||||||||
|Nic Wheeler OBE|BA||||||||
|DipTD MRTPI(Ret'd)|||||||||
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|||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|f|||f|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||10,140|316,293|326,433|295,206|
|Charitable
activities||||||||
|Project income / expenditure||||345,017|26,764|371,781|331,047|
|Investment
income||||118||118|315|
|Other income||||22,472||22,472|18,882|
|Total||||377,747|343,057|720,804|645,450|
|EXPENDITURE ON||||||||
|Raising funds||||150||150||
|Charitable
activities||||||||
|Project income / expenditure||||290,369|331,084|621,453|606,103|
|Other||||26,000||26,000||
|Total||||316,519|331,084|647,603|606,103|
|NET INCOME||||61,228|11,973|73,201|39,347|
|Other recognised
gains/(losses)||||||||
|Actuarial
gains/(losses)|on defined|benefit||||||
|schemes||||~790,281)||(790,281)||
|Net movement
in funds||||(729,053)|11,973|(717,080)|39,347|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought forward||||323,144||323,144|283,797|
|TOTAL FUNDS CARRIED FORWARD||||~405,909)|11,973|(393,936)|323,144|
##
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|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||||
|FIKEDASSETS||||||
|Tangible assets|14|386,787||386,787|402,388|
|CURRENT ASSETS||||||
|Stocks|15|30,190||30,190|31,723|
|Debtors
Cash at bank and in hand|16|53,219
~241 580|~11973|53,219
253,553|75,990
110,509|
|||324,989|11,973|336,962|218,222|
|CREDITORS||||||
|Amounts
falling due within one year|17|(76,019)||(76,019)|(84,862)|
|NET CURRENT ASSETS||248 970|11973|~260 943|133360|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||635,757|11,973|647,730|535,748|
|CREDITORS||||||
|Amounts
falling due after more than one year|18|(32,666)||(32,666)|(212,604)|
|PENSION (LIABILITY)/ASSET|22|(1,009,000)||(1,009,000)||
|NET ASSETS||~493 9493|l l 973|~393,936|323 344|
|FUNDS|21|||||
|Unrestricted
funds||||(405,909)|323,144|
|Restricted funds||||11,973||
|TOTAL FUNDS||||(393936)|323 144|
##
##
||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|
|||||Notes|f||
|Cash flows from operating||activities|||||
|Cash generated
from operations|||||142,532|38,289|
|Net cash provided by operating
activities|||||142,532|38,289|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed
Interest received|assets||||(4,658)
118|(42,695)
315|
|Net cash used in investing|activities||||~4,540)|~42,380)|
|Cash flows from financing||activities|||||
|Loan repayments
in year|||||10,027|~10,607|
|Net cash used in financing||activities|||~10,027)|~10,607)|
|Change in cash and cash|equivalents||in||||
|the reporting
period
Cash and cash equivalents||at the|||127,965|(14,698)|
|beginning
ofthe reporting||period||2|110,509|125,207|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||238,474|110,509|
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|RECONCILIATION|RECONCILIATION|RECONCILIATION|OFNET INCOME TO|OFNET INCOME TO|NET CASH|FLOW FROM|OPERATING||
|---|---|---|---|---|---|---|---|---|
|ACTIVITIES|||||||||
||||||||31.3.21|31.3.20|
|Net income for the||reporting||period (as per the Statement||ofFinancial|||
|Activities)
Adjustments
for:|||||||73,201|39,347|
|Depreciation
charges|||||||20,259|25,580|
|Interest received
Decrease/(increase)
Decrease in debtors||in|stocks||||(118)
1,533
22,771|(315)
(8,196)
2,647|
|Increase/(decrease)
Difference between|in creditors
pension charge and cash contributions||||||2,325
22,561|(20,774)|
|Net cash provided|by||operations||||142,532|38,289|
|ANALYSIS OFCASH AND||||CASH EQUIVALENTS|||||
||||||||31.3.21|31.3.20|
|||||||||f|
|Cash in hand|||||||50|50|
|Notice deposits (less||than 3months)|||||253,503|110,459|
|Overdratts
included||in|bank loans and overdrafts||falling due within one year||~15,079)||
|Total cash and cash|equivalents||||||238,474|110,509|
|ANALYSIS OFCHANGES||||IN NET FUNDS|||||
|||||||At 1.4.20|Cash flow|At 31.3.21|
||||||||f||
|Net cash|||||||||
|Cash at bank and in|hand|||||110,509|143,044|253,553|
|Bank overdrafl|||||||~15,079)|~15079|
|||||||110,509|127,965|238,474|
|Debt|||||||||
|Debts falling due within
Debts falling due after|||1 year
1 year|||(9,125)
~42,692|10,026|(9,125)
~32,666)|
|||||||~51,817|10,026|~41,791|
|Total||||||~58 692|137,991|196,683|
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|3.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.21|31.3.20|
||||||||6||
||Donations||||||140|74|
||Grants||||||~326293|~295 132|
||||||||326433|295,206|
||Grants received, included|||in the above, are as||follows:|||
||||||||31.3.21|31.3.20|
||CADW||||||306,293|295,132|
||The Foyle Foundation||||||10,000||
||The Welsh Cultural||Heritage Fund||||10,000||
||||||||326,293|295,132|
|4.|INVESTMENT INCOME||||||||
||||||||31.3.21|31.3.20|
||Deposit account interest||||||118|315|
||INCOME FROM||CHARITABLE ACTIVITIES||||||
||||||||31.3.21|31.3.20|
|||||Activity|||||
||Other project|income||Project income||/ expenditure|349,516|331,047|
||Grants|||Project income||/ expenditure|22,265||
||||||||371,781|331,047|
||Grants received, included|||in the above, are as||follows:|||
||||||||31.3.21|31.3.20|
||The National|Lottery Community|||Fund||22,265||
|6.|OTHER INCOME||||||||
||||||||31.3.21|31.3.20|
||Other income||||||7,155|18,882|
||HMRC CJRS|income|||||15,317||
||||||||22,472|18,882|
##
|7.|RAISING|FUNDS|||||||
|---|---|---|---|---|---|---|---|---|
||RAISING DONATIONS|||AND LEGACIES|||||
||||||||31.3.21
f|3].3.20
f|
||Fundraising|and publicity|||||150||
|8.|CHARITABLE ACTIVITIES COSTS||||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs
f|note 9)
f|Totals
f|
||Project income / expenditure|||||459,098|162,355|621,453|
|9.|SUPPORT|COSTS|||||||
||||||||Governance||
||||||Management
f|Other
f|costs
f,|Totals|
||Project income / expenditure||||116,366|7,000|38,989|162,355|
||Support costs, included||in|the above, are as follows:|||||
||MANAGEMENT||||||||
||||||||31.3.21|31.3.20|
||||||||project||
||||||||income /|Total|
||||||||expenditure
f|activities|
||Wages||||||32,590|49,620|
||Pensions||||||16,000||
||Premises||||||6,408|6,639|
||Insurance||||||6,120|5,669|
||Postage/Telephone||||||8,253|4,815|
||Transport||||||6,781|5,902|
||Central supplies||||||391|1,688|
||Service/Hire||||||11,044|11,209|
||Copying||||||584|937|
||Sundry expenses||||||7,936|10,251|
||Depreciation||||||20,259|25,580|
||Finance charge on pension|||creditor||||20,073|
||||||||116,366|142,383|
##
##
||||31.3.21|31.3.20|
|---|---|---|---|---|
||||Project||
||||income /|Total|
||||expenditure
f|activities|
|Wages|||8,908|12,329|
|Auditors'|remuneration||5,503|4,950|
|Legal and|professional|fees|11,307|1,747|
|Members|expenses|||1,003|
|Central costs|||13,271|7,550|
||||38,989|27,579|
##
||||31.3.21|31.3.20|
|---|---|---|---|---|
|Auditors'|remuneration||5,503|4,950|
|Depreciation
-owned assets|||20,259|25,580|
|Operating|leases - Other||7,194|7,194|
|Professional
Indemnity||Insurance|1,886|1,886|
|Trustees|Indemnity
Insurance||623|623|
##
##
|N|o payments
were made to the trustees forthe year i|n relation to tmvelling
and subsistence expenses|(2020:f63|
|---|---|---|---|
|||2021|2020|
||||g|
|J|LDavies||183|
|C|Delaney||81|
|J|Protheroe-Jones||65|
|N|Wheeler||88|
|J|Wainwright||218|
||||635|
##
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||2021|2020|
|---|---|---|
|||f|
|Wages and salaries|398,223|367,047|
|Social security costs|34,164|31,924|
|Superannuation|41,196|35 701|
||472,533|434,672|
|The average m|onthl|y
number ofemployees
during
the y|ear was as follows:||
|---|---|---|---|---|
||||31.3.21|31.3.20|
|Administrative|and|clerical|2|2|
|Project|||5|5|
|Record|||2|2|
|Education/Pubhcity|||5|5|
||||14|14|
||No employees
received emoluments
in excess off60,000.|No employees
received emoluments
in excess off60,000.|||
|---|---|---|---|---|
|13.|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||f||f|
||INCOME AND ENDOWMENTS FROM||||
||Donations
and legacies|74|295,132|295,206|
||Charitable
acti&Sties||||
||Project income / expenditure|331,047||331,047|
||Investment
income|315||315|
||Other income|18,882||18,882|
||Total|350,3]8|295,132|645,450|
||EXPENDITURE ON||||
||Charitable
activities||||
||Project income / expenditure|300,707|305,396|606,103|
||NET INCOME/(EXPENDITURE)|49,611|(10,264)|39,347|
||Transfers
between funds|/10,264)|10,264||
||Net movement
in funds|39,347||39,347|
##
|13.|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES|- continued||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||f|f||
||RECONCILIATION|OF FUNDS||||
||Total funds brought|forward|283,797||283,797|
||TOTAL FUNDS CARRIED FORWARD||323,144||323,144|
|14.|TANGIBLE FIXED|ASSETS||||
||||||Other|
||||Freehold|Computer|office|
||||property|equipment|equipment|
||COST|||||
||At
1 April 2020||415,848|40,308|38,875|
||Additions
Disposals|||4,658
~2,452)|~3,103)|
||At 31 March 2021||415,848|42,514|35,772|
||DEPRECIATION|||||
||At I April 2020||44,780|24,740|35,557|
||Charge for year
Eliminated
on disposal||8,317|6,742
~2,452)|1,095
~3,103)|
||At 31 March 2021||53,097|29,030|33,549|
||NET BOOK VALUE|||||
||At 31 March 2021||362,751|13,484|2,223|
||At 31March 2020||371,068|15,568|3,318|
##
##
|||Excavation|||
|---|---|---|---|---|
|||and|||
|||survey|Photographic||
|||equipment|equipment
f|Totals|
||COST||||
||At 1 April 2020|23,185|1,228|519,444|
||Additions
Disposals|||4,658
~5,555)|
||At 31 March 2021|23,185|1,228|518,547|
||DEPRECIATION||||
||At 1 April 2020|10,891|1,088|117,056|
||Charge for year
Eliminated
on disposal|4,058|47|20,259
~5,555)|
||At 31March 2021|14,949|1,135|131,760|
||NET BOOK VALUE||||
||At 31 March 2021|8,236|93|386,787|
||At 31 March 2020|12,294|140|402,388|
|15.|STOCKS||||
||||31.3.21|31.3.20|
||Work-in-progress||30,190|31,723|
|16.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||31.3.21|31.3.20|
|||||f|
||Trade debtors||22,378|48,706|
||Other debtors||19,525|15,706|
||Prepayments||11,316|11,578|
||||53,219|75,990|
##
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##
|||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|
||||||||f|
||Bank loans and overdrafts||(see note|19)||24,204|9,125|
||Trade creditors|||||6,382|11,821|
||Social security and other taxes|||||29,312|14,322|
||Other creditors|||||2,872|5,156|
||Pension creditor||||||26,246|
||Deferred income|||||7,640|3,555|
||Accrued expenses|||||5,609|14,637|
|||||||76,019|84,862|
||DEFERRED INCOME|||||||
||Deferred income consists|ofincome||received in advance ofwork carried out.||||
||Balance as at 1 April 2020||||||3,555|
||Amounts
released to income earned|||from charitable|activities||(3,555)|
||Amount
deferred in year||||||18,016|
||Balance as at 31March 2021||||||18,016|
|18|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE|||||YEAR||
|||||||31.3.21|31.3.20|
||Bank loans (see note 19)|||||32,666|42,692|
||Pension creditor||||||169,912|
|||||||32,666|212,604|
|19.|LOANS|||||||
||An analysis ofthe maturity||ofloans|is given below:||||
|||||||31.3.21|31.3.20|
||Amounts
falling due within||one year|on demand:||||
||Bank overdrafts|||||15,079||
||Bank loans|||||9,125|9,125|
|||||||24,204|9,125|
||Amounts
falling between|one and two years:||||||
||Bank loans - 1-2years|||||9 125|9,125|
||Amounts
falling due between two and five years:|||||||
||Bank loans - 2-5 years|||||23,541|27,375|
##
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|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
||||||8|
|Amounts
falling due in more than five years:||||||
|Repayable|by|instalments:||||
|Bank loans|more 5yr by instal||||6,192|
|SECURED DEBTS||||||
|The following||secured debts are included|within creditors:|||
|||||31.3.21|31.3.20|
|||||f|f|
|Bank overdraft||||15,079||
|Bank loans||||~41 791|51,817|
|||||56,870|51,817|
##
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##
|MOVEMEN|T IN FUNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.20|in funds|funds|31.3.21|
||||f|f.||
|Unrestricted|funds|||||
|General fund||203,384|(729,053)|(5,000)|(530,669)|
|Reserve fund||119,760||5,000|124,760|
|Restricted funds||323,144|(729,053)||(405,909)|
|The Foyle Foundation|||1,673||1,673|
|This Time fund|||10,300||10,300|
||||11,973||11,973|
|TOTAL FUNDS||323,144|(717,080)||~393,936)|
##
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses
f|in funds|
|Unrestricted
funds||||||
|General fund||377,747|(316,519)|(790,281)|(729,053)|
|Restricted funds||||||
|Cadw Grants||306,293|(306,293)|||
|The Foyle Foundation||10,000|(8,327)||1,673|
|This Time fund
LEADER Polygon pilot fund||22,265
4,499|(11,965)
~4,499)||10,300|
|||343,057|~331,084||11,973|
|TOTAL FUNDS||720,804|(647,603)|(7790,281'|~717,080|
|Comparatives
for movement|in funds|||||
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.4.19|in funds|funds|31.3.20|
|||f||f.|f.|
|Unrestricted|funds|||||
|General fund||168,067|49,611|(10,264)|207,414|
|Reserve fund||115,730|||115,730|
|||283,797|49,611|(10,264)|323,144|
|Restricted funds||||||
|Cadw Grants|||(10,264)|10,264||
|TOTAL FUNDS||283,797|39,347||323 144|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources
f.|expended|in funds
f|
|Unrestricted|funds||||
|General fund||350,318|(300,707)|49,611|
|Restricted funds|||||
|Cadw Grants||295,132|(305,396)|(10,264)|
|TOTAL FUNDS||645,450|~606,103)|39,347|
##
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##
|||||||2021|
|---|---|---|---|---|---|---|
|Discount rate||||||2.00%|
|RPI price inflation||||||3.30%|
|CPI price inflation||||||2.60%|
|Rate ofincrease in pensions||in payment||(LPI5)||3.20%|
||||||S3PaA (CMI 2020||
||||||projections with||
|Post retirement
mortality||||||1.25%LTR)|
|The major categories of|scheme assets are as follows:||||||
||||||2021|2021|
|Equities|||||1,485,000|43.3%|
|Bonds|||||625,000|18.2%|
|Alternative|||||363,000|10.6%|
|Annuities|||||759,000|22.2%|
|Cash|||||195,000|5.7%|
||||||3427 000||
|The movement
in deficit|during the year is as follows:||||||
|||||||2021|
|Present value offunded
Fair value ofplan assets|obligations||||4,436,000
~3427 000)||
|Net defined benefit liability|||||1,009,000||
|The change
in benefit obligation|||during|the year is as follows:|||
|||||||2021|
|Liability at the start ofthe period|||||4,149,000||
|Current service costs|||||||
|Interest on pension liabilities||||||86,000|
|Members
contributions|||||||
|Actuarial
(gains)/losses|on liabilities|||||290,000|
|Curtailments|||||||
|Settlements|||||||
|Benefits paid||||||(111,000)|
|Past service cost||||||22000|
|Liability at the end ofthe period|||||4436 000||
##
##
|||||2021f|
|---|---|---|---|---|
|Fair value ofplan assets|at the start ofthe period|||2,896,000|
|Interest income||||60,000|
|Actuarial
gains/(losses)|on assets|||557,000|
|Non investment
expenses
Curtailments||||(7,000)|
|Settlements|||||
|Employer
contributions||||32,000|
|Member contributions|||||
|Benefits/transfers
paid||||1111000)|
|Fair value ofplan assets|at end ofperiod|||I 427 000|
|Analysis ofreturn on plan||assets|||
|Interest income
0
I (I
)/0
I||01|60,000
557 000||
|Return on plan assets|||617000||
|Analysis ofamounts
r|ec|ogn|ised
in the Statement ofFinanci|al Activities'.||
|---|---|---|---|---|---|
||||||2021|
||||||f|
|Current service costs||||||
|Past service costs|||||22,000|
|Administration
expenses|||||7,000|
|Net interest cost|||||26,000|
||||||55.000|
|Total costs recognised|in SOFA|||||
|Statement ofactuarial|gains||and losses:|||
||||||2021|
|Actuarial
gains/(losses)||on|liabilities||(290,000)|
|Actuarial
gains/(losses)
Difference between past||on assets
service deficit liability and pension||liability|557,000
~1.05228()|
|Total actuarial
gain/(losses)|||in statement ofcomprehensive|income|(700,28()|
##
##
##
##
##
##
||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||Land k||Land &||
||||buildings|Other|buildings|Other|
|Due
Due|within
1 year
I- 5 years|||1,251
3,678||6,707
3,080|
|Due|& 5 years||||||
|||||4,929||9,787|
##
##
|||31.3.21|31.3.20|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||140|74|
|Grants||326,293|295,132|
|||326,433|295,206|
|Investment
income||||
|Deposit account interest||118|315|
|Charitable
activities||||
|Other project income||349,516|331,047|
|Grants||22,265||
|||371,781|331,047|
|Other income||||
|Other income
HMRC CJRS income||7,155
15,317|18,882|
|||22,472|18,882|
|Total incoming resources||720,804|645,450|
|EXPENDITI/RE||||
|Raising donations|and legacies|||
|Fundraising
and publicity||150||
|Charitable
activities||||
|Wages||410,084|366,276|
|Postage and stationery||100|108|
|Transport||2,441|15,567|
|Consumsbles||19,003|17,321|
|Service/Hire
Specialist fees||5,593
20,937|6,397
28,872|
|Sundry expenses||940|1,600|
|||459,098|436,141|
|Other||||
|Interest on pension|scheme liabilities|26,000||
|Support costs||||
|Management||||
|Wages||32,590|49,620|
|Carried forward||32,590|49,620|
##
##
||||31.3.21|31.3.20|
|---|---|---|---|---|
|Management|||||
|Brought forward|||32,590|49,620|
|Pensions|||16,000||
|Premises|||6,408|6,639|
|Insurance|||6,120|5,669|
|Postage/Telephone|||8,253|4,815|
|Transport|||6,781|5,902|
|Central supplies|||391|1,688|
|Service/Hire|||11,044|11,209|
|Copying|||584|937|
|Sundry expenses|||7,936|10,251|
|Depreciation|||20,259|25,580|
|Finance charge on pension creditor||||20,073|
||||116,366|142,383|
|Other|||||
|Defined benefit admin||costs|7,000||
|Governance|costs||||
|Wages|||8,908|12,329|
|Auditors'
remuneration|||5,503|4,950|
|Legal and professional||fees|11,307|1,747|
|Members
expenses||||1,003|
|Central costs|||13,271|7,550|
||||38,989|27,579|
|Total resources|expended||647,603|606,103|
|Net income|||73,201|39,347|