2021-03-31-accounts

Reference and administrative	Reference and administrative	details. .....			..1
Trustees' report for the year		ended 31March 2021			2
Independent auditor's	report	to the members of Cultura Trust.			9
Statement offinancial	activities (Including		income and expenditure	account) for the year ended 31March
2021.					13
Balance sheet as at 31	March	2021..			14
Statement ofcash flows.					.15
Accounting policies.					16
Notes to the accounts	for the	year ended	31March 2021		19

			Notes	Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
				6	E
Income and endowment		from:
Charitable	activities		1	254,774	92,431	347,205	725,959
Investments				42,884		42,884	36,114
Other				19,243		19,243	9,945
Total				316,901	92,431	409,332	772,018
Expenditure on:
Charitable	activities		2	297,204	92,431	389,635	766,191
Total				297,204	92,431	389,635	766,191
Net income/ (expenditure)				19,697		19,697	5,827
Revaluation of	heritage assets
Revaluation of	investment	property
Net movement	in funds
Reconciliation	offunds
Funds brought	forward at	1April		1,647,497		1,647,497	1,641,670
Fund balances	carried forward			1,667,194		1667194	1647497

			Note	2021	2021	2020	2020
						6	6
Tangible fixed assets					2,060		1,699
Heritage Assets					1,530,000		1,530,000
Investments					250,002		250,002
Current assets
Debtors due after	1year		9	13,431		14,845
Debtors due within		1year	9	113,754		140,255
Cash at bank and	in	hand		251,536		117,744
Total current assets				378,721		272,844
Creditors: amounts year		falling due within one	10	(493,589)		(407,048)
Net current liabilities					(114,868)		(134,204)
Total assets less current liabilities					1,667,194		1,647,497
Net assets					1,667,194		1,647,497
Funds
Restricted funds
Unrestricted funds
Revaluation		reserve	11	466,256		466,256
General reserve			11	1,200,938		1,181,241
Total unrestricted	funds				1,667,194		1,647,497
Totalfunds					1,667,194		1,647,497

				Note	2021	2020
					6	6
Net cash provided by/(used	in) operating activities				92,692	(137,306)
Cash flow from investing activities:
Dividends, interest and rents from investments					41,100	34,074
Net cash provided by/(used	in) investing activities				41,100	34,074
Cash flows from financing	activities:
Cash inflow from new borrowing
Net cash provided by/(used	in) financing activities
Change in cash equivalents	in the reporting	period			133,792	(103,232)
Cash and cash equivalents	atthe beginning	ofthe reporting			117,744	220,976
period
Cash and cash equivalents	at the end ofthe	reporting	period		251,536	117,744

								2021	2021	2021	2020
								Unrestricted Restricted		Total	Total
										f	f
Grants and		donations		(see below)				251,201	92,431	343,632	675,997
Consultancy			income					3,573		3,573	49,962
Total								254,774	92,431	347,205	725,959
								2021	2021	2021	2020
Donor						Description		Unrestricted	Restricted	Total	Total
								f	f	f	E
Architectural			Heritage		Fund	Warwick Bridge Corn Mill			1,345	1,345
Bright Ideas						Warwick Bridge Corn Mill			5,000	5,000
English Heritage						Gayle Mill		10,209		10,209
European		Commission				Horizon 2020 project			28,346	28,346	51,162
Garfield	Weston					Warwick Bridge Corn Mill					50,000
Groundwork						Warwick Bridge Corn Mill					8,648
The Headley			Trust			Stonemasonry School,	Croatia	(1,173)		(1,173)	4,509
						Warwick Bridge Corn Mill					11,840
HMRC						Job Retention Scheme		9,976		9,976
Kirby Laing						Warwick Bridge Corn Mill					10,000
National	Lottery Heritage					Camp Farm, Maryport					(1,599)
Fund
						Covid 19Emergency		59,100		59,100
						Cultural Recovery Fund	I	153,767		153,767
						Resilience Fund		9,022		9,022	9,425
						Roman Frontiers					6,000
						Warwick Bridge Corn Mill			57,740	57,740	473,222
Balance carried forward								240,901	92,431	333,332	623,207

				2021	2021	2021	2020
Donor		Description		Unrestricted	Restricted	Total	Total
				E	f	6	E
Balance brought down				240,901	92,431	333,332	623,207
Newcastle University		Heriland	Project	7,000
Northern Counties	Builders	Warwick	Bridge Corn				7,500
Federation		Mill
Northern Heartlands		Barnard	Castle Walls				2,000
Raby Estate		Barnard	Castle Walls	3,165		3,165	1,835
Rural Development	Programme	Warwick	Bridge Corn Mill				11,041
for England
Miscellaneous Donations				135		135	30,414
				251,201	92,431	343,632	675,997

		Direct	Staff	Support	Total	Total
		costs	costs	costs	2021	2020
		f	E	E	6	6
Consultancy		90,691	16,378	31,272	138,341	86,572
Building projects		165,560	29,468	56,266	251,294	679,689
Costs ofcharitable	activities	256,251	45,846	$7,538	389,635	766,191

Support	costs
		2021	2020
		E	E
Staffcosts		43,435	63,913
General office costs		25,140	45,780
Other loan interest		14,593	14,593
Depreciation		520	837
Audit fee		3,850	3,850
Cost oftrustees'	meetings
		87,538	128,973

	2021	2020
	E	E
Staff costs comprise the following:
Wages and salaries	84,120	134,460
Social security costs	244	5,674
Other pension costs	4,917	6,127
	89,281	146,261

	Furniture,
	fixtures and
	equipment	Painting	Total
		f	f
Cost
At 1April 2020	20,934	1,352	22,286
Additions	881		881
Disposals
At 31March 2021	21,815	1,352	23,167
Depreciation
At 1April 2020	20,587		20,587
Charge for the year	520		520
Disposals
At 31March 2021	21,107		21,107
Net book value
At 31March 2021	708	1,352	2,060
At 31March 2020	347	1,352	1,699

				2021f
At 1April 2020				1,530,000
Assets acquired	including	acquisition	costs
Revaluations
Valuation at31March 2021				1,530,000

			2021	2020	2019	2018	2017
				E	E	E	E
Donations
Purchases
Transferred	from Investment	Properties
Revaluations					160,668
Disposals
Proceeds from disposals

			2021
			E
Valuation	at	31March 2020	250,002
Revaluations
Valuation	at	31March 2021	250,002

		2021	2020
Rental income	due after more than one year	13,431	14,845
Trade debtors		11,383	6,087
VAT recoverable		31,990
Prepayments	and accrued income	70,381	134,168
		127,185	155,100

0 Creditors	: am	ounts falling due within	one year
			2021	2020
Loan from AHF			224,503	224,503
Interest due on	loan		19,133	11,836
Trade creditors			185,249	18,343
Other creditors			199	76,238
Other taxation	and social security		1,311	2,364
Accruals and deferred		income	63,194	73,764
			493,589	407,048

		2021f
Brought forward	at 1April 2020	64,800
Deferred during	the year
Released during	the year	(14,977)
Carried forward	at31March 2021	49,823

	Unrestricted	Restricted
	funds	funds	Total
At 1April 2020	1,647,497		1,647,497
Net incoming resources for the year	19,697		19,697
Revaluations
At31March 2021	1,667,194		1,667,194
	Unrestricted	Restricted	Total
	funds	funds	2021
Represented by:
Tangible fixed assets	2,060		2,060
Heritage assets	1,530,000		1,530,000
Investment properties	250,002		250,002
Current assets	313,462	65,259	378,721
Current liabilities	(428,330)	(65,259)	(493,589)
Long term liabilities
Total net assets as at31March 2021	1,667,194		1,667,194

perating activi	ties
					2021	2020
					6	6
Net income/(expenditure)		the reporting	perIod (as per the statement	of	19,697	5,827
financial activities)
Adjustment for:
Depreciation charges					520	837
Capital expenditure					(881)
Dividends, interest and rents from investments					(41,100)	(34,074)
Loss on disposed offixed		assets				64
Decrease in debtors					27,915	137,622
Increase/ (decrease)	in creditors				86,541	(247,582)
Net cash generated / (used) in operating			activities		92,692	(137,306)

		2021	2020
		6	f
Cash	in hand	251,536	117,744
Total	cash and cash equivalents	251,536	117,744

						At	start ofyear	Cash-flow	At end ofyear
							6		6
Cash							117,744	133,792	251,536
Loans	falling	due	within	one	year		(224,503)		(224,503)
Total							(106,759)	133,792	27,033

	2021	2020
Within one year	3,250	3,250
Within two to five years
In more than five years
Total	3,250	3,250

	2021	2020
	E	E
Within one year	17,819	11,819
Within two to five years	54,276	47,276
In more than five years	57,805	69,624
Total	129,900	128,719