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Company Limited by Guarantee
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Company Limited by Guarantee
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Financial Statements
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Page
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Trustees' annual report (incorporating the director's report)
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1
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Independent auditor's report to the members
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8
|
Statement of financial activities (including income and expenditure account)
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12
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Statement of financial position
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13
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Notes to the financial statements
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14
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Company Limited by Guarantee
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Trustees' Annual Report (Incorporating the Director's Report)
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Registered charity name
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Charity registration number
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Company registration number
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Principal office and registered
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7 Castle Street
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office
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Bridgwater
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TA6 3DT
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Company secretary
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Auditor
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Chartered Accountants & Statutory Auditor
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Tallford House
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38 Walliscote Road
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Weston-super-Mare
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North Somerset
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BS23 1LP
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Bankers
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23 Fore Street
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Bridgwater
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Somerset
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TA6 3LE
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2021
|
||
Ploughing Match
|
600
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South West Winter Fair
|
1,400
|
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Somerset YFC Yearbook
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150
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Somerset YFC Mental Health Training
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500
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RABI
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10,000
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FCN
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5,000
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Somerset Mental Health Group
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3,000
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ÄÄÄÄÄÄÄÄ
|
||
Total grants
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20,650
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ÍÍÍÍÍÍÍÍ
|
||
Market Valaution
|
Income from Investments
|
||
£
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£
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||
2012
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1,131,779
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43,854
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2013
|
1,284,614
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55,658
|
|
2014
|
1,370,907
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53,756
|
|
2015
|
1,407,860
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49,294
|
|
2016
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1,271,102
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59,843
|
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2017
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1,434,542
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56,059
|
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2018
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1,379,402
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61,790
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2019
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1,369,546
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57,875
|
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2020
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1,320,748
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58,273
|
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2021
|
1,320,718
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42,556
|
|
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Charity Secretary
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Company Limited by Guarantee
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor)
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For and on behalf of
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Chartered Accountants & Statutory Auditor
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Tallford House
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38 Walliscote Road
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Weston-super-Mare
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North Somerset
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BS23 1LP
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Company Limited by Guarantee
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Statement of Financial Activities
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(including income and expenditure account)
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2021
|
2020
|
||
Unrestricted funds
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Total funds
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Total funds
|
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Note
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£
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£
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£
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Donations and legacies
|
5
|
|
|
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Investment income
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|
|
|
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ÄÄÄÄÄÄÄÄ
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ÄÄÄÄÄÄÄÄ
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ÄÄÄÄÄÄÄÄ
|
||
Total income
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|
|
|
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ÍÍÍÍÍÍÍÍ
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ÍÍÍÍÍÍÍÍ
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ÍÍÍÍÍÍÍÍ
|
||
Investment management costs
|
6,633
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6,633
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7,102
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||
Expenditure on charitable activities
|
6,7
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|
|
|
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Other expenditure
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9
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|
|
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ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
|||
Total expenditure
|
|
|
|
||
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
|||
Net (gains)/losses on investments
|
10
|
(
|
(
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ÄÄÄÄÄÄÄÄ
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ÄÄÄÄÄÄÄÄ
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ÄÄÄÄÄÄÄÄ
|
|
Net income/(expenditure) and net movement in funds
|
|
|
(
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ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
|
Total funds brought forward
|
|
|
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
|
Total funds carried forward
|
|
|
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
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ÍÍÍÍÍÍÍÍÍÍÍÍ
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ÍÍÍÍÍÍÍÍÍÍÍÍ
|
|
|
Company Limited by Guarantee
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Statement of Financial Position
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2021
|
2020
|
|
Note
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£
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£
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Investments
|
15
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|
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Debtors
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16
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|
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Cash at bank and in hand
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|
|
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ÄÄÄÄÄÄÄÄÄ
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ÄÄÄÄÄÄÄÄÄ
|
||
|
|
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Creditors: amounts falling due within one year
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17
|
|
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ÄÄÄÄÄÄÄÄÄ
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ÄÄÄÄÄÄÄÄÄ
|
||
Net current assets
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|
|
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ÄÄÄÄÄÄÄÄÄÄÄÄ
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ÄÄÄÄÄÄÄÄÄÄÄÄ
|
||
Total assets less current liabilities
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|
|
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ÄÄÄÄÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
||
Net assets
|
|
|
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
||
Unrestricted funds
|
|
|
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ÄÄÄÄÄÄÄÄÄÄÄÄ
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ÄÄÄÄÄÄÄÄÄÄÄÄ
|
||
Total charity funds
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18
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|
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ÍÍÍÍÍÍÍÍÍÍÍÍ
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ÍÍÍÍÍÍÍÍÍÍÍÍ
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||
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Trustee
|
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Company Limited by Guarantee
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Notes to the Financial Statements
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Equipment
|
-
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|
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Unrestricted Funds
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Total Funds 2021
|
Unrestricted Funds
|
Total Funds 2020
|
||
£
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£
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£
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£
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||
Donations
|
9
|
9
|
2,009
|
2,009
|
|
ÍÍÍÍ
|
ÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
||
Unrestricted Funds
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Total Funds 2021
|
Unrestricted Funds
|
Total Funds 2020
|
||
£
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£
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£
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£
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||
Grants paid
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20,650
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20,650
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32,406
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32,406
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Support costs
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6,498
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6,498
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8,384
|
8,384
|
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ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
||
|
|
|
|
||
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
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ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
||
Grant funding of activities
|
Support costs
|
Total funds 2021
|
Total fund 2020
|
||
£
|
£
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£
|
£
|
||
Grants paid
|
20,650
|
–
|
20,650
|
32,406
|
|
Governance costs
|
–
|
6,498
|
6,498
|
8,384
|
|
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
||
|
|
|
|
||
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
||
2021
|
2020
|
|
£
|
£
|
|
Grants to institutions
|
20,650
|
24,409
|
Grants to individuals
|
–
|
7,997
|
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
|
Total grants
|
20,650
|
32,406
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
|
2021
|
2020
|
||
£
|
£
|
||
Agricultural Events and Purposes
|
20,650
|
24,726
|
|
Travel scholarships
|
7,680
|
||
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
||
20,650
|
32,406
|
||
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
||
Unrestricted Funds
|
Total Funds 2021
|
Unrestricted Funds
|
Total Funds 2020
|
||
£
|
£
|
£
|
£
|
||
Printing, stationery and telephone
|
–
|
–
|
109
|
109
|
|
Presentation dinner
|
–
|
–
|
1,060
|
1,060
|
|
Companies House filing fee
|
13
|
13
|
13
|
13
|
|
Honorarium
|
2,500
|
2,500
|
2,500
|
2,500
|
|
Sundry expenses
|
160
|
160
|
160
|
160
|
|
Hall hire
|
33
|
33
|
–
|
–
|
|
Bank charges
|
–
|
–
|
39
|
39
|
|
ÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄ
|
||
|
|
|
|
||
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
||
Unrestricted Funds
|
Total Funds 2021
|
Unrestricted Funds
|
Total Funds 2020
|
||
£
|
£
|
£
|
£
|
||
Unrealised (gains)/losses on listed investments
|
5,199
|
5,199
|
(34,345)
|
(34,345)
|
|
Realised (gains)/losses on listed investments
|
(3,511)
|
(3,511)
|
(5,980)
|
(5,980)
|
|
ÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄ
|
||
|
|
(
|
(
|
||
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
||
2021
|
2020
|
|
£
|
£
|
|
Fees payable for the audit of the financial statements
|
|
|
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
|
Equipment
|
|
£
|
|
Cost
|
|
At 1 March 2020 and 28 February 2021
|
|
ÍÍÍÍÍÍÍ
|
|
Depreciation
|
|
At 1 March 2020 and 28 February 2021
|
|
ÍÍÍÍÍÍÍ
|
|
Carrying amount
|
|
At 28 February 2021
|
–
|
ÍÍÍÍÍÍÍ
|
|
At 29 February 2020
|
–
|
ÍÍÍÍÍÍÍ
|
|
Listed investments
|
|
£
|
|
Cost or valuation
|
|
At 1 March 2020
|
1,320,748
|
Additions
|
15,984
|
Disposals
|
(21,213)
|
Fair value movements
|
5,199
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
|
At 28 February 2021
|
1,320,718
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
|
Impairment
|
|
At 1 March 2020 and 28 February 2021
|
|
Carrying amount
|
|
At 28 February 2021
|
1,320,718
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
|
At 29 February 2020
|
1,320,748
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
|
2021
|
2020
|
||
£
|
£
|
||
Diageo Plc Old 28 101/108p
|
70,313
|
69,138
|
|
Astrazenca Plc Ord USD0.25
|
50,351
|
49,257
|
|
BHP Group Plc Ord USD0.50 4
|
45,390
|
28,368
|
|
Glaxosmithkline Ord GBP0.25
|
47,632
|
62,488
|
|
Prudential Ord GBP0.05
|
57,044
|
51,313
|
|
Reckitt Benckiser Group Plc Ord GBP0.10
|
42,000
|
40,047
|
|
Relx Plc 14 51/116p
|
42,312
|
46,688
|
|
Rio Tinto Ord GBP0.10
|
94,352
|
55,022
|
|
Smiths Group Plc 37 1/2p
|
36,366
|
38,080
|
|
Unilver Plc Ord 3.11p
|
59,728
|
66,720
|
|
Walt Disney Company Com Stk USD0.25
|
37,326
|
25,241
|
|
National Grid ORD GBP0.12431289
|
31,046
|
37,838
|
|
Land securities Group Ord GBP0.10661
|
30,390
|
38,141
|
|
ÄÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄÄ
|
||
644,250
|
608,341
|
||
ÍÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍÍ
|
||
2021
|
2020
|
|
£
|
£
|
|
Prepayments and accrued income
|
|
|
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
|
2021
|
2020
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
–
|
Accruals and deferred income
|
|
|
ÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄ
|
|
|
|
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
|
At 1 March 2020
|
Income
|
Expenditure
|
Gains and losses
|
At 28 February 2021
|
|
£
|
£
|
£
|
£
|
£
|
|
General funds
|
1,411,891
|
42,665
|
(36,487)
|
1,688
|
1,419,757
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
|
At 1 March 2019
|
Income
|
Expenditure
|
Gains and losses
|
At 29 February 2020
|
|
£
|
£
|
£
|
£
|
£
|
|
General funds
|
1,443,707
|
60,282
|
(51,773)
|
(40,325)
|
1,411,891
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
|
Unrestricted Funds
|
Total Funds 2021
|
||
£
|
£
|
||
Investments
|
1,320,718
|
1,320,718
|
|
Current assets
|
110,088
|
110,088
|
|
Creditors less than 1 year
|
(11,049)
|
(11,049)
|
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
||
Net assets
|
1,419,757
|
1,419,757
|
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
||
Unrestricted Funds
|
Total Funds 2020
|
||
£
|
£
|
||
Investments
|
1,320,748
|
1,320,748
|
|
Current assets
|
100,902
|
100,902
|
|
Creditors less than 1 year
|
(9,759)
|
(9,759)
|
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
ÄÄÄÄÄÄÄÄÄÄÄÄ
|
||
Net assets
|
1,411,891
|
1,411,891
|
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
ÍÍÍÍÍÍÍÍÍÍÍÍ
|
||