2020-12-31-accounts

The Council and Administration	The Council and Administration
Report ofthe Chairman
Directors' Report		3/7
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Accounting Policies and Notes		11/21

STATUS
The New Mechanics	Limited	is a charitable		company	limited	by guarantee and	has no share capital.
It was incorporated	on 1st April		1968and is a registered		charity (No. 522274).
PRESIDENT			Vacant
VICE PRESIDENTS			Mrs H K Pannell
COUNCIL MEMBERS			Mr G Green (Chairman)			IVlrs CA Chapman
(BOARD of DIRECTORS)			Dr D Prudham			Mrs I I Poyser
			Mrs C A Alton			Mr R Smith
			Mrs VApple			Mrs P Tilley
			Ms KJ Price			Mrs H Hundley
			Mr R TW Hind
HONORARY SECRETARY						Mrs VApple
HONORARY TREASURER						Vacant
MANAGER						Mr A Carlton
REPORTING ACCOUNTANTS						Mr A R R Price FCA
						Pells
						Chartered Accountants
						17Newstead Grove
						NOTTINGHAM	NG14GZ
BANKERS						Virgin Money
						11Smithy Row
						NOTTINGHAM
						NG1 3EJ
PROPERTYAGENTS						Fisher Hargreaves		Proctor
						10Oxford Street
						NOTTINGHAM	NG1 5BG
SOLICITORS						Geldards LLP
						The Arc
						Enterprise Way
						NOTTINGHAM	NG2 1EN
REGISTERED OFFICE						3 North Sherwood Street
						NOTTINGHAM	NG1 4EZ

Incoming Resources			228,233
Outgoing Resources			280,006
Net Outgoing Resources for the Year			(51,773)
Investment property	revaluation		(75,000)
Balance brought forward			1,927,558
Total Unrestricted	Funds as at31stDecember 2020		1,800,785
The above funds have been allocated as follows:-
Resources used for	Net Acquisitions	of Fixed Assets	1,290,065
Investment Property			550,000
Working Capital			9,053
Liabilities falling due	after more than	one year	(46,333)
Total Funds as at 31stDecember 2020			1,800,785

		STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING			INCOME AND EXPENDITURE ACCOUNT
	FOR THE		YEAR ENDED 31STDECEMBER 2020
				Total	Total
				Funds	Funds
				2020	2019
				Notes
UNRESTRICTED FUNDS
INCOME
Income and Endowments		from:
Donations and grants				89,823	12,250
Charitable Acitivities				46,583	175,834
Other Trading Acitivities				27,856	51,129
Investments				63,971	59,521
TOTAL INCOME				228,233	298,734
EXPENDITURE ON:
Raising Funds				27,715	14,082
Charitable Activities				252,291	328,191
TOTAL EXPENDITURE				280,006	342,273
Net Outgoing Resources for the Year				(51,773)	(43,539)
NET LOSSES ON INVESTMENTS
Loss on Revaluation	of Investment		Property	75,000)
NET MOVEMENT IN	FUNDS			(126,773)	(43,539)
Total Funds at 1st January		2020		1,927,558	1,971,097
TOTAL FUNDS AT 31ST		DECEMBER 2020		1,800,785	1,927,558
All the above results	are derived from continuing			activities.

3	INCOME FROM CH	ARITABLE AC	TIVITIES
				2020	2019
				6	6
	Members' Subscriptions			9,361	14,053
	Members' Cultural Excursions			13,634	61,512
	Restaurant and Bar			21,676	86,870
	Lettings of Rooms			1,662	11,853
	Visitor Tickets			92	443
	Library and Sundry			158	1,103
				46,583	175,834
4	OTHER TRADING ACTIVITIES
	Room Hire			27,856	51,129
5	INVESTMENT INCOME
	Bank Interest				61
	Rent Receivable Phoenix Park			18,687	55,145
	Lease Break Clause	Penalty		18,686
	Lease Compensation			20,000
	Car Parking Charges			1,276	4,315
	Service Charges and Allowances		Phoenix Park	5,322
				63,971	59,521
6	RAISING FUNDS
	Investment Management Costs:
	Letting Commission	and Fees		1,207	1,615
	Service Costs Recharged to Tenants			196	1,437
	Legal Fees			3,875
	Landlords Costs			19,154	1,294
				24,432	4,346
	Provision for Doubtful	Debts		564	336
	Fund Raising and Publicity			719
	Management of Lettings of Rooms			2,000	9,400
				27,715	14,082

					2020	2019
					E	6
Restaurant and Bar:
Purchases					15,242	43,718
Wages					42,266	48,827
Repairs					377	1,454
Equipment Hire Rates &Water					512 1,527	2,510
Electricity and	Gas				2,016	3,039
Cleaning and Sundries					3,679	2,730
Depreciation					1,175	1,072
					66,794	103,350
Members' Cultural		Excursions			13,742	59,988
General:
Management	and	Office Salaries and Wages			48,795	38,388
Staff Training	and	Employment	Fee		2,300	2,296
Rates, Water,	Electricity, Gas, Insurance			and Telephone	16,368	22,211
Printing, Stationery Sundry		and Postage			621 2,000	772 1,595
Depreciation					2,274	2,188
Repairs and Maintenance Credit Card Charges					2,762 816	3,925 1,189
					75,936	72,564
Buildings:
Wages Repairs and Maintenance					56,645 10,305	39,710 8,362
Cleaning and Depreciation	Sundries				1,955 18,734	10,920 19,696
					87,639	78,688
Library and	Sundry:
Wages Books and Periodicals					935 423	5,316 1,959
Depreciation					338	338
					1,696	7,613

7	ANALYSIS OF EXPENDITURE ON	ANALYSIS OF EXPENDITURE ON	CHARITABLE EVENTS	(Continued)
				2020	2019
				E	E
	Governance	Costs:
	Independent	Examiners Fees		1,350	1,330
	Other Accounting Services			5,025	4,470
	Bank Charges			96	175
	Filing Fees			13	13
				6,484	5,988
	TOTAL FOR	CHARITABLE ACTIVITIES		252,291	328,191
8	STAFF COSTS AND NUMBERS
	Staff Costs were as follows:
	Salaries and Wages			148,079	135,876
	Social Security Costs			4,077	4,037
	Pension Costs - Deferred Contribution			1,676	1,726
				153,832	141,641
	No employee	received emoluments	of more than F60,000.
	The average	numbers ofand employees
	during the year were:
					No.
	Employees:	Directors
		Office and Administration		3
		Facility Staff		10
				13

NET EXPEND	ITU	RE F	OR THE YE	AR
						2020	2019
						5
This is stated after charging:
Depreciation						22,521	23,294
Independent Examiner's Fee Other Accounting Services						1,350 5,025	1,300 4,500
TANGIBLE FIXEDASSETS
				Equipment,
			Freehold	Fixtures			Total
			Land and	and		Computer	Tangible
			Building	Fittings	Furnishings	Equipment	Assets
COST
Ai 1.1.20			1,567,337	279,870	70,366	24,697	1,942,270
Additions				1,551		964	2,515
Disposals
At 31.12.20			1,567,337	281,421	70,366	25,661	1,944,785
DEPRECIATION
At 1.1.20			266,039	270,135	51,751	24,697	614,622
Charge for the Year			17,576	1,175	3,576	192	22,521
On Disposals
At 31.12.20			285,615	271,310	55,329	24,889	637,143
NET BOOK	VALUE
At 31.12.20			1,281,722	10,111	15,037	772	1,307,642
At 31.12.19			1,299,298	8,700	22,193	1,068	1,331,259

Investment property	Total
At Valuation:
As at 1st January 2020	625,000
Revaluation	(75,000)
Market Value as at 31stDecember 2020	550,000
Market Value as at31stDecember 2019	625,000

12	DEBTORS
				2020	2019
				6	6
	Trade Debtors			5,833	10,788
	Other Debtors			127	5,227
	Prepayments	and Accrued	Income	2,593	4,495
				8,553	20,510
13	CREDITORS:	Amounts	Falling Due Within One Year
	Bank loan			1,667
	Trade Creditors			8,035	3,767
	Accruals and	Deferred Income		31,750	25,001
	Taxation and	Social Security		1,972	1,498
	Other Creditors			13,311	14,514
				56,735	44,780

15	MOVEMENT IN FUNDS	MOVEMENT IN FUNDS
				At	Incoming		Outgoing					At
				01.01.20	Resources f		Resources f	Revaluation f		Transfer f		31.12.20 F
	Unrestricted Funds:
	Designated Funds:
	Fixed Assets			1,310,072						(1,310,072)
	Investment Reserve			625,000						(625,000)
	Special Funds Reserve			5,909								5,909
	Fire Escape Fund			2,000								2,000
				1,942,981						1,935,072		7,909
	Unrestricted Funds:
	Fixed Assets									1,290,065		1,290,065
	Investment Reserve							(75,000)		625,000		550,000
	General Funds			15,423	226,233		280,006	-		20,007		47,189)
				(15,423)	226,233		(280,006	75,000		1,935,072		1,792,876
	TOTAL FUNDS			1,927,558	228,233		(280„006)	(75,000)				1,800,785
	Unrestricted Funds
	Fixed Assets:
	This represents the net book		value offixed assets.
	Investment Reserve:
	This represents the	investment		property at Phoenix		Park, Nottingham.
	Special Funds Reserve:
	This Fund includes:
	Sir Albert Atkey and The J N Derbyshire	EA Harvey Foundation		Bequests Fund				f682 f5,227				F5,909
	The funds previously	shown	under the heading		of	'Special	Funds' were	released	to the General		Fund	in 1966on the
	following conditions:

		Unrestricted	Designated
		Funds	Funds	Total
Fund Balances	as at 31stDecember 2020
are represented	by:
Tangible Fixed Assets		1,290,065		1,290,065
Investment Property		550,000		550,000
Net Current Assets		1,144	7,909	9,053
Creditors amount	falling due after more
than one year		48,333		48,333
		(1,792,876)	7,909	1,800,785

COMMITMENTS	COMMITMENTS	COMMITMENTS
As at 31stDecember 2020 the company			had commitments	under	non-cancellable	operating	leases:
					2020	2019
Plant and machinery					6	F
Payable	within	one year			1,085
Payable	from	one to five years			1,809
					2,894