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|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|
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|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||
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|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|
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|||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.||
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|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|
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||||||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||
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|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|
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|||
|---|---|
|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|
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|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|
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|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:||||||||||||
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|||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|
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|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|||