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|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|
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||||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|
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||||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|
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|||||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|
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|||||||||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|
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|||||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|
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|||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|
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|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|
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||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|
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||||2021|2020|2019|2018|2017|
|---|---|---|---|---|---|---|---|
|||||E|E|E|E|
|Donations||||||||
|Purchases||||||||
|Transferred|from Investment|Properties||||||
|Revaluations|||||160,668|||
|Disposals||||||||
|Proceeds from disposals||||||||
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||||2021|
|---|---|---|---|
||||E|
|Valuation|at|31March 2020|250,002|
|Revaluations||||
|Valuation|at|31March 2021|250,002|
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|||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|
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|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|
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||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|
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|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|
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|||||||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|
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||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|
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