| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe company, | its Trustees and advisers | 1-2 |
| Chairman's statement |
|||
| Trustees' report | 4-13 | ||
| Independent auditor's report |
on the financial statements | 14-17 | |
| Consolidated statement offinancial activities |
18 | ||
| Consolidated balance sheet |
19-20 | ||
| Company balance sheet |
21-22 | ||
| Consolidated statement ofcash flows |
23 | ||
| Notes to the financial statements | 24-54 |
| Trustees | D H Williams, | D H Williams, | Chair (resigned 31August 2021) | Chair (resigned 31August 2021) | Chair (resigned 31August 2021) | |||
|---|---|---|---|---|---|---|---|---|
| J Rivers, Chair | (appointed | 4September 2021) | ||||||
| H M Redmond | (resigned | 10September 2021) | ||||||
| Dr 5 Rawlinson | (resigned | 31August 2021) | ||||||
| M Atkinson | ||||||||
| G Pickup | ||||||||
| G Lewins | ||||||||
| Dr R Gaunt | ||||||||
| W JTracey | ||||||||
| E E Pope (resigned 13September 2021) | ||||||||
| H Bishop (appointed | 20 | October 2021) | ||||||
| A Rawlings | (appointed | 20October 2021) | ||||||
| Company | registered | |||||||
| number | 01630237 | |||||||
| Charity registered | number | 515526 | ||||||
| Registered | office | Cromford | Mill | |||||
| Cromford | ||||||||
| Matlock | ||||||||
| Derbyshire | ||||||||
| DE4 3RQ | ||||||||
| Chief Executive Officer | Simon Wallwork | |||||||
| President | The Duke of Devonshire | KCVO CBE DL | ||||||
| Independent | auditor | BHP LLP | ||||||
| Chartered | Accountants | |||||||
| 2 Rutland | Park | |||||||
| Sheffield | ||||||||
| South Yorkshire | ||||||||
| 5102PD | ||||||||
| Bankers | Lloyds TSBpic | |||||||
| Compton | ||||||||
| Ashbourne | ||||||||
| Derbyshire | ||||||||
| DE6 1DY | ||||||||
| Solicitors | Geldards LLP |
|||||||
| Number One Price Place |
||||||||
| Pride Park | ||||||||
| Derby | ||||||||
| DE24 8QR |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Note | f | f | f | f | |||
| Income from: | |||||||
| Donations and legacies |
29,669 | 2,814 | 32,483 | 176,862 | |||
| Charitable activities |
345,412 | 71,873 | 417,285 | 504,275 | |||
| Other trading activities | 262,738 | 262,738 | 591,958 | ||||
| Investments | 178 | ||||||
| Other income | 313,750 | 903,160 | 1,216,910 | 80,317 | |||
| Total income | 951,576 | 977,847 | 1,929,423 | 1,353,590 | |||
| Expenditure on: |
|||||||
| Raising funds | 399,933 | 399,933 | 572,814 | ||||
| Charitable activities |
10 | 769,918 | 262,776 | 1,032,694 | 960,936 | ||
| Impairment of heritage asset |
2,349,197 | 2,349,197 | |||||
| Total expenditure | 1,169,851 | 2,611,973 | 3,781,824 | 1,533,750 | |||
| Net expenditure | (218,275) | (1,634,126) | (1,852,401) | (180,160) | |||
| Transfers between |
funds | 25 | 668,295 | (668,295) | |||
| Net movement in |
funds before other | ||||||
| recognised gains |
450,020 | (2,302,421) | (1,852,401) | (180,160) | |||
| Other recognised | gains: | ||||||
| Gains on revaluation | offixed assets | 1,214,883 | 1,214,883 | ||||
| Net movement in |
funds | 1,664,903 | (2,302,421) | (637,518) | (180,160) | ||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 183,157 | 4,767,713 | 4,950,870 | 5,131,030 | ||
| Net movement in |
funds | 1,664,903 | (2,302,421) | (637,518) | (180,160) | ||
| Total funds carried | forward | 1,848,060 | 2,465,292 | 4,313,352 | 4,950,870 |
| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | f | f | |||||||||
| Fixed assets | |||||||||||
| Tangible assets | 17 | 998,558 | 757,567 | ||||||||
| Heritage assets | 18 | 3,925,164 | 5,384,386 | ||||||||
| 4,923,722 | 6,141,953 | ||||||||||
| Current assets | |||||||||||
| Stocks | 20 | 27,988 | 38,385 | ||||||||
| Debtors | 21 | 53,950 | 48,914 | ||||||||
| Cash at bank and in | hand | 771,318 | 183,033 | ||||||||
| 853,256 | 270,332 | ||||||||||
| Creditors: amounts | falling | due within | one year | 22 | (356,347) | (263,813) | |||||
| Net current assets | 496,909 | 6,519 | |||||||||
| Total assets less current | liabilities | 5,420,631 | 6,148,472 | ||||||||
| Creditors: amounts | falling | due after | more than | ||||||||
| one year | 23 | (1,078,135) | (1,166,236) | ||||||||
| Accruals and deferred | income | (29,144) | (31,366) | ||||||||
| Total net assets | 4,313,352 | 4,950,870 | |||||||||
| Charity funds | |||||||||||
| Restricted funds (includes | revaluation | reserve of | |||||||||
| E24,901(2020:E24,901)) | 25 | 2,465,292 | 4,767,713 | ||||||||
| Unrestricted funds |
(includes | revaluation | reserve | ||||||||
| ofE2,007,750(2020: | f792,867)) | 25 | 1,848,060 | 183,157 | |||||||
| Total funds | 4,313,352 | 4,950,870 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | f | f | ||||||||
| Fixed assets | ||||||||||
| Tangible assets | 17 | 879,116 | 631,915 | |||||||
| Heritage assets | 18 | 3,925,164 | 5,384,386 | |||||||
| Investments | 19 | |||||||||
| 4,804,282 | 6,016,303 | |||||||||
| Current assets | ||||||||||
| Debtors | 21 | 54,849 | 48,459 | |||||||
| Cash at bank and in | hand | 731,462 | 171,294 | |||||||
| 786,311 | 219,753 | |||||||||
| Creditors: amounts | falling | due within | one year | 22 | (260,926) | (219,739) | ||||
| Net current (liabilities) / | assets | 525,385 | 14 | |||||||
| Total assets less current | liabilities | 5,329,667 | 6,016,317 | |||||||
| Creditors: amounts | falling | due after | more than | |||||||
| one year | 23 | (1,008,875) | (1,053,886) | |||||||
| Total net assets | 4,320,792 | 4,962,431 | ||||||||
| Charity funds | ||||||||||
| Restricted funds (includes | revaluation | reserve of | ||||||||
| E24,901(2020:E24,901)) | 25 | 2,468,173 | 4,767,713 | |||||||
| Unrestricted funds |
(includes | revaluation | reserve | |||||||
| ofE2,007,750(2020:f792,867)) | 25 | 1,852,619 | 194,718 | |||||||
| Total funds | 4,320,792 | 4,962,431 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | f | E | ||||
| Cash flows from operating | activities | |||||
| Net cash provided by operating activities |
28 | 737,544 | 16,910 | |||
| Cash flows from investing | activities | |||||
| Interest received | 178 | |||||
| Proceeds from the sale oftangible fixed assets |
40,187 | |||||
| Purchase oftangible fixed assets | (54,067) | (18,362) | ||||
| Net cash (used in)/provided | by investing | activities | (54,060) | 22,003 | ||
| Cash flows from financing | activities | |||||
| Repayments of borrowing |
(23,187) | (23,391) | ||||
| Interest paid |
(42,092) | (44,024) | ||||
| Net cash used in financing | activities | (65,279) | (67,415) | |||
| Change in cash and cash equivalents |
in the year | 618,205 | (28,502) | |||
| Cash and cash equivalents | at the beginning | ofthe year | 153,113 | 181,615 | ||
| Cash and cash equivalents | at the end | ofthe year | 29 | 771,318 | 153,113 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| f | f | f | f | |||
| Donations | and gifts received | 29,669 | 2,814 | 32,483 | 38,106 | |
| Grants receivable | 138,756 | |||||
| 29,669 | 2,814 | 32,483 | 176,862 | |||
| Tota I 2020 | 17,261 | 159,601 | 176,862 | |||
| Income from charitable | activities | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| f | f | f | f | |||
| Property services | 314,064 | 9,440 | 323,504 | 365,119 | ||
| Visitor services | 20,133 | 62,433 | 82,566 | 55,016 | ||
| Education | and tours | 11,215 | 11,215 | 84,140 | ||
| Total 2021 | 345,412 | 71,873 | 417,285 | 504,275 | ||
| Tota I 2020 | 500,754 | 3,521 | 504,275 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| f | f | f | ||
| Fundraising | events | 1,326 | 1,326 | 5,743 |
| Cromford | Mill Limited sales | 261,412 | 261,412 | 586,215 |
| 262,738 | 262,738 | 591,958 | ||
| Tota I 2020 | 591,958 | 591,958 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| f | f | f | f | ||||
| Bank | interest | receivable | 178 | ||||
| Tota | I | 2020 | 82 | 96 | 178 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| f | f | f | f | ||
| Car Park income | 27,847 | 27,847 | 58,130 | ||
| Profit on disposal | offixed assets | 22,187 | |||
| Other government | covid support | 102,480 | 903,160 | 1,005,640 | |
| CJRS income | 183,423 | 183,423 | |||
| 313,750 | 903,160 | 1,216,910 | 80,317 | ||
| Tota I 2020 | 80,317 | 80,317 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| f | f | f | |||
| Cromford | Mill Limited- | other costs | 144,713 | 144,713 | 291,788 |
| Cromford | Mill Limited- | wages and salaries | 241,346 | 241,346 | 264,378 |
| Cromford | Mill Limited- | Nl | 9,122 | 9,122 | 11,659 |
| Cromford | Mill Limited | —pension costs | 4,752 | 4,752 | 4,989 |
| 399,933 | 399,933 | 572,814 | |||
| Tota I 2020 | 572,814 | 572,814 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| f | f | f | f | ||||
| Visitors services | 206,995 | 102,613 | 309,608 | 182,947 | |||
| Property services | 240,819 | 41,146 | 281,965 | 316,843 | |||
| Conservation | and building | services | 33,827 | ||||
| Heritage site management | 226,984 | 3,230 | 230,214 | 240,498 | |||
| Building 17 | 79,865 | 115,787 | 195,652 | 172,006 | |||
| Governance | (note 13) | 15,255 | 15,255 | 14,815 | |||
| 769,918 | 262,776 | 1,032,694 | 960,936 | ||||
| Tota I 2020 | 713,236 | 247,700 | 960,936 | ||||
| Analysis ofexpenditure | by activities | ||||||
| Activities | |||||||
| undertaken | Total | Total | |||||
| directly | Support costs | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| f | f | f | f | ||||
| Visitors services | 309,608 | 309,608 | 182,947 | ||||
| Property services | 281,965 | 281,965 | 316,843 | ||||
| Conservation | and building | services | 33,827 | ||||
| Heritage site management | 230,214 | 230,214 | 240,498 | ||||
| Building 17 | 195,652 | 195,652 | 172,006 | ||||
| Governance | 15,255 | 15,255 | 14,815 | ||||
| 1,017,439 | 15,255 | 1,032,694 | 960,936 | ||||
| Tota I 2020 | 946,121 | 14,815 | 960,936 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2021 | 2020 | |||||
| f | f | |||||
| Governance | costs | 15,255 | 14,815 | |||
| Net income/(expenditure) | ||||||
| This is stated after charging: | ||||||
| 2021 | 2020 | |||||
| f | f | |||||
| Depreciation | oftangible | fixed assets owned | by the group | 47,416 | 44,812 | |
| Depreciation | of heritage | asset | 88,243 | 88,243 | ||
| 135,659 | 133,055 | |||||
| Governance | costs | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| f | f | f | f | |||
| Auditor's remuneration |
6,113 | 2,967 | 9,080 | 8,900 | ||
| Accounting | services | 6,175 | 6,175 | 5,915 | ||
| 12,288 | 2,967 | 15,255 | 14,815 | |||
| Tota I 2020 | 14,815 | 14,815 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Fees payable | to the company's | auditor | for the audit ofthe company's | annual | |||
| accounts | 9,580 | 8,900 | |||||
| Fees payable | to the company's | auditor | in respect of: | ||||
| All non-audit | services not included | above | 5,675 | 5,915 | |||
| Staff costs | |||||||
| Group | Group | Company | Company | ||||
| 2021 | 2020 | 2021 | 2020 | ||||
| f | f | f | f | ||||
| Wages and salaries | 646,933 | 666,781 | 406,709 | 402,403 | |||
| Social security costs | 38,744 | 42,412 | 29,622 | 30,753 | |||
| Contribution | to defined contribution | pension | |||||
| schemes | 15,357 | 15,582 | 10,605 | 10,593 | |||
| 701,034 | 724,775 | 446,936 | 443,749 |
| Group | Group | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| No. | No. | |||
| Tourism | and | visitor services | ||
| Site maintenance | ||||
| Catering | and | retail | 31 | 37 |
| Administration | and support | |||
| 55 | 58 |
| Group | Group | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| No. | No. | |||
| Tourism | and | visitor services | ||
| Site maintenance | ||||
| Catering | and | retail | 14 | 16 |
| Administration | and support | |||
| 31 | 33 |
| Freehold | Leasehold | Cromford | Fixtures and | ||
|---|---|---|---|---|---|
| property | property | Wheatcroft | fittings | ||
| valuation | valuation | cost | cost | Total | |
| f | f | f | f | f | |
| Cost or valuation | |||||
| At 1April 2020 | 156,333 | 385,000 | 153,495 | 345,262 | 1,040,090 |
| Additions | 54,067 | 54,067 | |||
| Disposals | (55,444) | (55,444) | |||
| Revaluations | 236,667 | 236,667 | |||
| At 31March 2021 | 393,000 | 385,000 | 153,495 | 343,885 | 1,275,380 |
| Depreciation | |||||
| At 1April 2020 | 36,477 | 246,046 | 282,523 | ||
| Charge for the year | 7,675 | 39,741 | 47,416 | ||
| On disposals | (53,117) | (53,117) | |||
| At 31March 2021 | 44,152 | 232,670 | 276,822 | ||
| Net book value | |||||
| At 31March 2021 | 393,000 | 385,000 | 109,343 | 111,215 | 998,558 |
| At 31March 2020 | 156,333 | 385,000 | 117,018 | 99,216 | 757,567 |
| Freehold | Leasehold | Fixtures and | ||
|---|---|---|---|---|
| property | property | fittings | ||
| valuation | valuation | cost | Total | |
| f | f | f | f | |
| Cost or valuation | ||||
| At 1April 2020 | 156,333 | 385,000 | 322,985 | 864,318 |
| Additions | 48,209 | 48,209 | ||
| Disposals | (44,500) | (44,500) | ||
| Revaluations | 236,667 | 236,667 | ||
| At 31March 2021 | 393,000 | 385,000 | 326,694 | 1,104,694 |
| Depreciation | ||||
| At 1April 2020 | 232,403 | 232,403 | ||
| Charge for the year | 37,423 | 37,423 | ||
| On disposals | (44,248) | (44,248) | ||
| At 31March 2021 | 225,578 | 225,578 | ||
| Net book value | ||||
| At 31March 2021 | 393,000 | 385,000 | 101,116 | 879,116 |
| At 31March 2020 | 156,333 | 385,000 | 90,582 | 631,915 |
| Group | Group | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f | f | |||
| Freehold | property | 135,500 | 135,500 | |
| Long-term | leasehold | property | 197,599 | 197,599 |
| 333,099 | 333,099 |
| Assets held at | Assets held at | |||||||
|---|---|---|---|---|---|---|---|---|
| cost | valuation | Total | ||||||
| 2021 | 2021 | 2021 | ||||||
| f | f | f | ||||||
| Carrying | value | at | 1 | April | 2020 | 4,059,852 | 1,324,534 | 5,384,386 |
| Revaluation | 978,216 | 978,216 | ||||||
| Depreciation | (88,241) | (88,241) | ||||||
| Impairment | (2,349,197) | (2,349,197) | ||||||
| 1,622,414 | 2,302,750 | 3,925,164 |
| 2021 | 2020 | 2019 | 2018 | 2017 | ||
|---|---|---|---|---|---|---|
| f | f | f | f | f | ||
| Purchases | ||||||
| Heritage assets | —at cost | 1,392 | 37,711 | 119,930 | ||
| Total additions | 1,392 | 37,711 | 119,930 | |||
| Charge for depreciation | ||||||
| Heritage assets | —at cost | (2,437,438) | (88,243) | (88,298) | (88,236) | (87,482) |
| Total charge forimpairment | (2,437,438) | (88,243) | (88,298) | (88,236) | (87,482) | |
| Disposals | ||||||
| Heritage assets | —at valuation | (1,087) | (100,000) | |||
| Total disposals | (1,087) | (100,000) |
| Investments | in | |
|---|---|---|
| subsidiary | ||
| Company | companies f |
|
| Cost or valuation | ||
| At 1April 2020 | ||
| At31March 2021 | ||
| Net book value | ||
| At31March 2021 | ||
| At 31March 2020 |
| Group | Group | Company | ||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2020 | ||||||
| f | f | f | ||||||
| Finished | goods | and | goods | for | resale | 27,988 | 38,385 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| f | f | f | f | |||
| Trade debtors | 4,065 | 2,301 | 4,065 | 2,301 | ||
| Amounts owed by |
group undertakings | 9,672 | ||||
| Other debtors | 8,735 | 345 | 186 | |||
| Prepayments and accrued income |
41,150 | 46,268 | 40,926 | 46,158 | ||
| 53,950 | 48,914 | 54,849 | 48,459 | |||
| Creditors: Amounts | falling due within one year | |||||
| Group | Group | Company | Company | |||
| 2021 | 2020 | 2021 | 2020 | |||
| f | f | f | f | |||
| Bank overdrafts | 29,920 | |||||
| Bank loans | 64,914 | 21,824 | ||||
| Trade creditors | 162,664 | 76,924 | 146,609 | 56,607 | ||
| Amounts owed to group undertakings |
52,722 | |||||
| Other taxation and | social security | 27,355 | 53,661 | 15,892 | 23,518 | |
| Other creditors | 51,001 | 52,095 | 48,268 | 49,925 | ||
| Accruals and deferred | income | 50,413 | 51,213 | 28,333 | 36,967 | |
| 356,347 | 263,813 | 260,926 | 219,739 |
| Group | Group | Company | Company | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||||
| f | f | f | f | |||||
| Bank loans | 593,179 | 657,093 | 523,919 | 544,743 | ||||
| Architectural | Heritage | Fund loan re | Building 17 | 484,956 | 509,143 | 484,956 | 509,143 | |
| 1,078,135 | 1,166,236 | 1,008,875 | 1,053,886 | |||||
| The aggregate | amount | of liabilities | payable or repayable | wholly or in part more than | five years after | the reporting | ||
| date is: | ||||||||
| Group | Group | Company | Company | |||||
| 2021 | 2020 | 2021 | 2020 | |||||
| f | f | f | f | |||||
| Repayable | by | instalments | 639,840 | 740,525 | 639,840 | 740,525 | ||
| 639,840 | 740,525 | 639,840 | 740,525 |
| Group | Group |
|---|---|
| 2021 | 2020 |
| f | f |
| 29,144 | 31,366 |
| Statement offunds | - current year | |||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | Balance at 31 | |||
| April 2020 | Income | Expenditure | in/out | (Losses) | March 2021 | |
| f | f | f | f | f | f | |
| Unrestricted | ||||||
| funds | ||||||
| General Funds— |
||||||
| charity | 194,717 | 436,632 | (659,029) | 668,295 | 1,214,883 | 1,855,498 |
| General Funds— |
||||||
| subsidiary | (11,560) | 514,944 | (510,822) | (7,438) | ||
| 183,157 | 951,576 | (1,169,851) | 668,295 | 1,214,883 | 1,848,060 | |
| Restricted funds | ||||||
| Building 17 | ||||||
| development 5 | ||||||
| project fund | 4,459,447 | (2,465,026) | 1,994,421 | |||
| Lumsdale project |
1,376 | 3,445 | (2,242) | 2,579 | ||
| Cromford Station | 139,438 | 139,438 | ||||
| Dunsley Meadows | 56,676 | (105) | 56,571 | |||
| Slinter Lane | 30,000 | 30,000 | ||||
| Cromford hydro |
||||||
| scheme | 1,272 | 9,440 | (9,440) | 1,272 | ||
| Sundry projects | 1,081 | 53 | 1,134 | |||
| Strutt Film (Aim |
||||||
| Biffa) | 3,557 | 200 | (16,408) | (12,651) | ||
| Arkwright's books |
||||||
| and artefacts | 4,008 | 4,008 | ||||
| Slinter Woodland | ||||||
| project | 2,252 | 2,252 | ||||
| Guide resources | ||||||
| fund | 1,682 | 49 | 1,731 | |||
| Education | ||||||
| materials | 3,114 | 500 | (601 | 3,554 | ||
| Resilience fund | 42,625 | (6,925) | 35,700 | |||
| Beyond the Mill | ||||||
| Walls Fund | 8,100 | (7,996) | 104 | |||
| DV Tours Project | 12,769 | (1,187) | 11,582 | |||
| Jo Fairfax Fund | 316 | 316 |
| Balance at 1 | Transfers | Gains/ | Balance at 31 | ||||
|---|---|---|---|---|---|---|---|
| April 2020 | Income | Expenditure | in/out | (Losses) | March 2021 | ||
| f | f | f | f | f | f | ||
| Cromford | Mill | ||||||
| goes Digital! | 47,000 | (20,775) | 26,225 | ||||
| NLHF Emergency | |||||||
| Grants | 903,160 | (73,148) | (668,295) | 161,717 | |||
| Meeting | Point | 14,000 | (2,000) | 12,000 | |||
| DE-Carbonise | |||||||
| Grant | (6,661) | (6,661) | |||||
| 4,767,713 | 977,847 | (2,611,973) | (668,295) | 2,465,292 | |||
| Total offunds | 4,950,870 | 1,929,423 | (3,781,824) | 1,214,883 | 4,313,352 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Transfers | 31March | |||||
| 1April 2019 | Income | Expenditure | in/out | 2020 | |||
| f | f | f | f | f | |||
| Unrestricted funds |
|||||||
| General Funds —charity |
281,829 | 587,687 | (684,421) | 9,622 | 194,717 | ||
| General Funds —subsidiary |
(12,616) | 602,685 | (601,629) | (11,560) | |||
| 269,213 | 1,190,372 | (1,286,050) | 9,622 | 183,157 | |||
| Restricted funds | |||||||
| Building 17development | & | ||||||
| project fund | 4,567,742 | (108,295) | 4,459,447 | ||||
| Lumsdale project |
92 | 39,529 | (38,245) | 1,376 | |||
| Cromford Station | 139,438 | 139,438 | |||||
| Dunsley Meadows | 56,117 | 699 | (140) | 56,676 | |||
| Slinter Lane | 30,000 | 30,000 | |||||
| Cromford hydro scheme |
2,007 | (735) | 1,272 | ||||
| Sundry projects | 1,024 | 331 | (274) | 1,081 | |||
| Strutt Film (Aim Biffa) |
3,557 | 3,557 | |||||
| Arkwright's books |
and artefacts | 4,008 | 4,008 | ||||
| Slinter Woodland | project | 2,252 | 2,252 | ||||
| Guide resources fund | 1,441 | 241 | 1,682 | ||||
| Education materials |
3,114 | 3,114 | |||||
| Resilience fund | 47,605 | 78,230 | (83,210) | 42,625 | |||
| Marquee fund |
6,977 | 7,179 | (4,534) | (9,622) | |||
| Beyond the Mill Walls Fund | 20,336 | (12,236) | 8,100 | ||||
| DV Tours Project | 12,800 | (31) | 12,769 | ||||
| Jo Fairfax Fund | 316 | 316 | |||||
| 4,861,817 | 163,218 | (247,700) | (9,622) | 4,767,713 | |||
| Total offunds | 5,131,030 | 1,353,590 | (1,533,750) | 4,950,870 |
| Balance at 1 | Transfers | Gains/ | Balance at 31 | ||||
|---|---|---|---|---|---|---|---|
| April 2020 | Income | Expenditure | in/out | (Losses) | March 2021 | ||
| f | f | f | f | f | f | ||
| Genera | I funds | 183,157 | 951,576 | (1,169,851) | 668,295 | 1,214,883 | 1,848,060 |
| Restricted funds | 4,767,713 | 977,847 | (2,611,973) | (668,295) | 2,465,292 | ||
| 4,950,870 | 1,929,423 | (3,781,824) | 1,214,883 | 4,313,352 | |||
| Summa | ry offunds | - prior year | |||||
| Balance at | |||||||
| Balance at | Transfers | 31March | |||||
| 1April 2019 | Income | Expenditure | in/out | 2020 | |||
| f | f | f | f | f | |||
| Genera | I funds | 269,213 | 1,190,372 | (1,286,050) | 9,622 | 183,157 | |
| Restricted funds | 4,861,817 | 163,218 | (247,700) | (9,622) | 4,767,713 | ||
| 5,131,030 | 1,353,590 | (1,533,750) | 4,950,870 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| f | f | f | |||
| Tangible fixed assets | 762,546 | 236,012 | 998,558 | ||
| Heritage assets | 2,302,751 | 1,622,413 | 3,925,164 | ||
| Current assets | 246,389 | 606,867 | 853,256 | ||
| Creditors due within one year | (356,347) | (356,347) | |||
| Creditors due in more | than one | year | (1,078,135) | (1,078,135) | |
| Provisions for liabilities | and charges | (29,144) | (29,144) | ||
| Total | 1,848,060 | 2,465,292 | 4,313,352 | ||
| Analysis ofnet assets | between | funds - prior year | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2020 | 2020 | 2020 | |||
| f | f | f | |||
| Tangible fixed assets | 443,930 | 313,637 | 757,567 | ||
| Heritage assets | 1,236,292 | 4,148,094 | 5,384,386 | ||
| Current assets | (35,650) | 305,982 | 270,332 | ||
| Creditors due within one year | (263,813) | (263,813) | |||
| Creditors due in more | than one | year | (1,166,236) | (1,166,236) | |
| Provisions for liabilities | and charges | (31,366) | (31,366) | ||
| Ttl | 183,157 | 4,767,713 | 4,950,870 |
| 28. | Reconciliation ofnet movement |
Reconciliation ofnet movement |
Reconciliation ofnet movement |
in funds to net cash flow from operating | activities | ||
|---|---|---|---|---|---|---|---|
| Group | Group | ||||||
| 2021 | 2020 | ||||||
| f | f | ||||||
| Net expenditure for |
the year (as | per Statement of Financial Activities) | (1,852,401) | (180,160) | |||
| Adjustments for: |
|||||||
| Depreciation charges |
135,657 | 133,055 | |||||
| Amortisation ofgovernment |
grant | (2,222) | (2,223) | ||||
| Interest received | (7) | (178) | |||||
| Interest paid |
42,092 | 44,024 | |||||
| Loss/(profit) on the sale of |
fixed | assets | 2,327 | (22,787) | |||
| Decrease in stocks | 10,397 | 1,799 | |||||
| (Increase)/decrease | in debtors | (5,036) | 16,158 | ||||
| Increase in creditors |
57,540 | 27,222 | |||||
| Impairment of heritage assets |
2,349,197 | ||||||
| Net cash provided by operating |
activities | 737,544 | 16,910 | ||||
| 29. | Analysis ofcash and | cash equivalents | |||||
| Group | Group | ||||||
| 2021 | 2020 | ||||||
| f | f | ||||||
| Cash in hand | 771,318 | 183,033 | |||||
| Overdraft facility repayable |
on demand | (29,920) | |||||
| Total cash and cash | equivalents | 771,318 | 153,113 |
| At 1April | At 31March | At 31March | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | Cash flows | 2021 | ||||||||||||
| f | f | f | ||||||||||||
| Cash at bank and in hand | 183,033 | 588,285 | 771,318 | |||||||||||
| Bank overdrafts repayable |
on | demand | (29,920) | 29,920 | ||||||||||
| Debt due within 1year | (10,000) | (64,914) | (74,914) | |||||||||||
| Debt due after 1year | (1,166,236) | 88,101 | (1,078,135) | |||||||||||
| (1,023,123) | 641,392 | (381,731) | ||||||||||||
| Contingent liabilities |
||||||||||||||
| The charity has a possible |
obligation | to repair and reinstate | an | aqueduct | which was formally part ofthe Cromford |
|||||||||
| Mill site. Derbyshire | County | Council | (DCC) are | unable | to | agree | with | Derbyshire Dales District Council |
(DDDC) and | |||||
| Historic England (HE) |
on the height at which the aqueduct | should | be | reinstated. The liability has been |
estimated at |
|||||||||
| f295,000 and is contingent |
on an agreement | being | reached | between | DDC and | DDDC/HE at some |
point in the |
|||||||
| future. | ||||||||||||||
| Operating lease commitments |
||||||||||||||
| At 31March 2021the Group | and the | company | had commitments | to | make future minimum lease payments under |
|||||||||
| non-cancellable operating |
leases as follows: | |||||||||||||
| Group | Group | Company | Company | |||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||
| f | f | f | f | |||||||||||
| Not later than 1year | 37,505 | 37,197 | 9,505 | 9,197 | ||||||||||
| Later than 1year and | not | later than 5years | 10,130 | 17,588 | 10,130 | 17,588 | ||||||||
| 47,635 | 54,785 | 19,635 | 26,785 |
| Name | Company | Class of | Holding | |||
|---|---|---|---|---|---|---|
| number | shares | |||||
| Cromford | Mill Limited | 02913429 | Ordinary | 100% | ||
| The financial | results ofthe subsidiary | for the year were: | ||||
| Name | Income | Expenditure | Profit/(Loss)/ | Net assets | ||
| f | f | Surplus/ | f | |||
| (Deficit) for the | ||||||
| year f |
||||||
| Cromford | Mill Limited | 514,951 | (510,829) | 4,122 | (7,438) |