||||Page|| |---|---|---|---|---| |Report ofthe Trustem||I|to|4| |Independent
Examiuer's|Report|||| |Statement
ofFinancial Activities||||| |Balance Sheet||7|to|8| |Notes to the Financial Statements||9|to|20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds|funds|funds| |||Notes||f.||| |INCOME AND ENDOWMENTS FROM||||||| |Donations
and legacies|||763||763|538| |Other trading
activities||3|100,491||100,491|124,156| |Investment
income||4|346,943||346,943|348,118| |Other income|||29,111||29,111|| |Total|||477,308||477,308|472,812| |EXPENDITURE ON||||||| |Raising funds|||37,433||37,433|34,026| |Charitable
activities||||||| |Concessionary
rents given|||10,466||10,466|12,420| |Donations ofequipment|||4,898||4,898|| |Other||9|428,275||428,275|620,238| |Total|||481,072||481,072|666,684| |Net gains/(losses)
on investments|||10,916||10,916|(8,239)| |NET INCOME/(EXPENDITURE)|||7,152||7,152|(202,111)| |Other recognised
gains/Uosses)||||||| |Actuarial
gains/(losses)
on defined|benefit|||||| |schemes|||(22,345)||(22,345)|| |Net movement
in funds|||(15,193)||(15,193)|(202,111)| |RECONCILIATION
OF FUNDS||||||| |Total funds brought
fortvard|||885,464|397,276|1,282,740|1,484,851| |TOTAL FUNDS CARRIED FORWARD|||870,271|397,276|1,267,547|1,282,740| ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|funds| ||Notes||||| |FIXEDASSETS|||||| |Investments|||||| |Investments|14|10,916|37,260|48,176|36,060| |Investment
property|15|1,795,704|343,087|2,138,791|2,138,791| |||1,806,620|380,347|2,186,967|2,174,851| |CURRENT ASSETS|||||| |Debtors|16|85,374||85,374|72,800| |Cash at bank and in hand||56,329|16,929|73,258|38,949| |||141,703|16,929|158,632|111,749| |CREDITORS|||||| |Amounts
falling due within one year|17|(214,931)||(214,931)|(248,108)| |NET CURRENT ASSETS||(73,228)|16,929|(56,299)|(136,359)| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||1,733,392|397,276|2,130,668|2,038,492| |CREDITORS|||||| |Amounts
falling due atter more than one year|18|(799,121)||(799,121)|(714,097)| |PENSION LIABILITY|22|(64,000)||(64,000)|(41,655)| |NET ASSETS||870,271|397,276|1,267,547|1,282,740| |FUNDS|21||||| |Unrestricted
funds||||870,271|885,464| |Restricted
funds||||397,276|397,276| |TOTAL FUNDS||||1,267,547|1,282,740| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS|AND LEGACIES||| |---|---|---|---| |||2021|2020| |Other income||763|538| |OTHER TRADING ACTIVITIES|||| |||2021|2020| |Cafd income||7,453|22,571| |Photocopying|recharge|204|333| |Other rental income||16,549|16,527| |Post recharge||8,057|13,404| |Electricity recharge||20,376|23,833| |Gas recharge|||139| |Water recharge||16,426|16,217| |Insurance
recharge||31,426|31,132| |||100,491|124,156| |INVESTMENT INCOME|||| |||2021|2020| |Rents received||346,943|348,118| ## ||Other trading activities|Other trading activities|Other trading activities|||||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||8|| ||Purchases||||||4,073|11,264| ||Staffcosts||||||33,360|22,762| ||||||||37,433|34,026| |6.|CHARITABLE ACTIVITIES|||COSTS||||| ||||||||Grant|| ||||||||funding of|| ||||||||activities|| |||||||Direct|(see note|| |||||||Costs|7)|Totals| ||Concessionary|rents given|||||10,466|10,466| ||Donations ofequipment|||||4,898||4,898| |||||||4,898|10,466|15,364| |7.|GRANTS PAYABLE|||||||| ||||||||2021|2020| ||Concessionary|rents given|||||10,466|12,420| ||The total grants paid to||institutions|during|the year was as follows:|||| ||||||||2021|2020| ||Start up concessionaty||rents given||||10,466|12,420| |8.|SUPPORT COSTS|||||||| ||||||||Governance|| ||||||Management|Finance|costs|Totals| |||||||||f.| ||Other resources|expended|||422,895|2,622|2,758|428,275| ## ## ## ## ## ||||||||2021|2020| |---|---|---|---|---|---|---|---|---| |Other opemting||leases|||||5,669|5,442| |Covid Job Retention
Scheme|||||||29,111|| |Independent
examiner's|||fee||||2,700|2,667| |TRUSTEES' REMUNERATION|||||AND BENEFITS|||| ||||||||2021|2020| ||||||||f|| |Trustees'|salaries||||||53,003|51,204| |Trustees'|social security||||||3,770|3,552| |Trustees'|pension|contributions||to|money purchase|schemes|2,988|2,840| ||||||||59,761|57,596| ||Trustees'
expenses|||||| |---|---|---|---|---|---|---| ||||||2021|2020| ||Tnistees' expenses|||||2,458| |12.|STAFF COSTS|||||| ||||||2021|2020| ||Wages and salaries||||109,406|96,209| ||Social security costs||||6,299|6,471| ||Other pension costs||||4,964|4,561| ||||||120,669|107,241| ||The average monthly|number ofemployees|during|the year was as follows:||| ||||||2021|2020| ||Management||||I|I| ||Administrative||||I|I| ||Cafe staff||||2|I| ## ## |||||Fixtures||| |---|---|---|---|---|---|---| |||||and|Computer|| |||||fittings|equipment|Totals| ||COST|||||| ||At I April 2020 and 31|March 2021||10,337|14,589|24,926| ||DEPRECIATION|||||| ||At I April 2020 and 31 March 2021|||10,337|14,589|24,926| ||NET BOOK VALUE|||||| ||At 31 March 2021|||||| ||At 31 March 2020|||||| |14.|FIXEDASSET INVESTMENTS|||||| |||||||Unlisted| |||||||investments| ||MARKET VALUE|||||| ||At I April 2020|||||36,060| ||Additions|||||1,200| ||Revaluations|||||10,916| ||At 31 March 2021|||||48,176| ||NFT BOOK VALUE|||||| ||At 31 March 2021|||||48,176| ||At 31 March 2020|||||36,060| ||There were no investment|assets outside the UK.||||| ||Cost or valuation
at 31 March 2021 is represented||by:|||| |||||||Unlisted| |||||||investments| ||Valuation
in 0|||||48,176| |15.|INVESTMENT PROPERTY|||||| ||FAIR VALUE|||||| ||At I April 2020|||||| ||and 31 March 2021|||||2,138,791| ||NET BOOK VALUE|||||| ||At 31 Match 2021|||||2,138,791| ||At 31 March 2020|||||2,138,791| ## ## ## |DEBTORS:AMOUNTS|FA|LLING DUE WITHIN ONE YEAR|||| |---|---|---|---|---|---| |||||2021|2020| |Trade debtors||||35,089|15,888| |Prepayments
and accrued|income|||50,285|56,912| |||||85,374|72,800| |CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||| |||||2021|2020| |Bank loans and overdrags|(see note 19)|||G7,644|54,037| |Tmde creditors||||63,70G|52,617| |Social security
and other taxes||||717|| |VAT||||15,531|2,G56| |Other creditors||||42,075|46,470| |Accruals
and deferred income||||25,258|92,328| |||||214,931|248,108| |CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE|YEAR||| |||||2021|2020| |Bank loans (see note 19)||||799,121|714,097| |The bank loan entries interest||at 3.00A above base and is charged on a monthly|basis.||| |LOANS|||||| |An analysis ofthe maturity|ofloans is given below:||||| |||||2021|2020| |Amounts
falling due within one year on demand:|||||| |Bank loans||||67,644|54,037| |Ainounts
falling between one||and two years:|||| |Bank loans - 1-2years||||70,157|55,732| |Amounts
falling due between||two and five yeats:|||| |Bank loans
—2-5 years||||223,739|177,902| |Amounts
falling due in more than five yeats:|||||| |Repayable
by instalments:|||||| |Bank loans more 5 yr by instal||||505,225|480,463| ## ## ## ## |2021|2020| |---|---| |866,765|768,134| ## |MOVE|MEN|T
IN FUNDS|||| |---|---|---|---|---|---| |||||Net|| |||||nlovenlent|At| ||||At 1.4.20|hlfunds|31.3.21| |Unrestricted||funds|||| |General|fimd||885,464|(15,193)|870,271| |Restricted
funds|||||| |Capital|fund||356,342||356,342| |Training|fund||40,934||40,934| ||||397,276||397,276| |TOTAL FUNDS|||1,282,740|(15,193)|1,267,547| ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|ln funds| |Unrestricted||funds||||| |General|fund||477,308|(481,072)|(11,429)|(15,193)| |TOTAL|FUNDS||477,308|(481,072)|(11,429)|(15,193)| ## ## ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.4.19|in funds|31.3.20| |Unrestricted|funds|||| |General
fund||1,079,336|(193,872)|885,464| |Restricted funds||||| |Capital fund||356,342||356,342| |Training
fund||49,173|(8,239)|40,934| |||405,515|(8,239)|397,276| |TOTAL FUNDS||1,484,85I|(202,111)|1,282,740| ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| ||||f|||6| |Unrestricted||funds||||| |General|fund||472,812|(666,684)||(193,872)| |Restricted
funds||||||| |Training|fund||||(8,239)|(8,239)| |TOTAL|FUNDS||472,812|(666,684)|(8,239)|(202,111)| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.4.19|in funds|31.3.21| |Unrestricted|funds|||| |General
fund||1,079,336|(209,065)|870,271| |Restricted funds||||| |Capital fund||356,342||356,342| |Training
fimd||49,173|(8,239)|40,934| |||405,515|(8,239)|397,276| |TOTAL FUNDS||1,484,851|(217,304)|1,267,547| ## ## ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|exfieltded|losses|in funds| ||||f.|||| |Unrestricted||funds||||| |General|fund||950,120|(1,147,756)|(11,429)|(209,065)| |Restricted
funds||||||| |Training|fund||||(8,239)|(8,239)| |TOTAL|FUNDS||950,120|(1,147,756)|(19,668)|(217,304)| ## |Assumptions|||| |---|---|---|---| |||July 2020|July 2017| |Asset Value||Market Value|Market Value| |Pre retirement
discount rate||2.6o/o|3.9oo| |Post retirement
discount rate||0.6oAo|1.9o/o| |Retail price inflation||2.8oAo|2.7o/o| |Consumer
price inflation||2.3oo|2.2o/o| |Pension increases
in|payments|3oo|3''o| |Pension revaluation|in defemient|2.3oo|2.2''o| ## ## |Suiplus|/ (1)eficit)|||||||(64000)| |---|---|---|---|---|---|---|---|---| |Funding|Level|||||||65%| |Analysis|ofthe movement||in|the|benefit net asset during the period|||| |||||||||f.'000s| |Surplus|/(shortfall)|at previous||valuation||||(42)| |Interest|on surplus/shortfall||brought||forward|||(3)| |Invesnnent
out peiforniance||||||||3| |Contributions||||||||9| |Cash comniutation||||||||4| |ARP write off||||||||3| |Change|in market|conditions||||||(39)| |Change|to SFP|||||||I| |Surplus|/ (shortfall)|at present||valuation||on sample|assumption|{64.0)| ## ## ## ## ## ##