| Legal and administrative | information | |
|---|---|---|
| Report ofthe Trustees | 2-3 | |
| Trustees' responsibilities |
||
| Independent Examiner's |
Report | |
| Statement offinancial activities |
||
| Balance sheet | ||
| Accounting policies |
8-9 | |
| Notes to the accounts | 10-l5 |
| Notes | Total funds | Total funds | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| 2023 | 2022 | |||||
| Income and endowments | from: | |||||
| Investments | 57,834 | 114,145 | ||||
| Total income | 57,834 | 114,145 | ||||
| Expenditure | ||||||
| Investment | management | costs | 2 | 14,472 | 2,155 | |
| Expenditure | on | charitable | activities | 2 | 102,682 | 62,648 |
| Total expenditure | 117,154 | 64,803 | ||||
| Net movement | in funds | (59,320) | 49,342 | |||
| Reconciliation | offunds | |||||
| Total funds | brought forward at 1 April 2022 | 9 | 2,568,279 | 2,518,937 | ||
| Total funds | carried forward at 31March 2023 | 9 | f2,508,959 | I2,568,279 |
| Notes | 2023 | 2022 | |
|---|---|---|---|
| FIXEDASSETS | |||
| Tangible assets: | |||
| Investment properties |
5 | 1,500,000 | 1,500,000 |
| Motor vehicles | 5 | - | 6,715 |
| Investments | 6 | 100 | 100 |
| 1,500,100 | 1,506,815 | ||
| CURRENT ASSETS | |||
| Debtors | 7 | 1,009,174 | 1,084,473 |
| Cash at bank | 7,785 | 2,422 | |
| 1,016,959 | 1,086,895 | ||
| CREDITORS: | |||
| Amounts falling due within one year |
8 | (8,100) | (25,43]) |
| NET CURRENT ASSETS | 1,008,859 | 1,061,464 | |
| TOTALNETASSETS | K2,508,959 | f2,568,279 | |
| FUNDS - UNRESTRICTED | 9 | E2,508,959 | $2,568,279 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Other interest | 17,677 | 17,660 | |||
| Rental and associated income | 40,157 | 96,485 | |||
| 857,834 | 6114,145 | ||||
| EXPENDITURE | |||||
| Investment | |||||
| management | Charitable | Total | Total | ||
| costs | activities | 2023 | 2022 | ||
| Costs directly allocated to activities | |||||
| Transport/Catering/ | |||||
| Entertainment | 76,793 | 76,793 | 47,369 | ||
| Vehicle expenses | 6,698 | ||||
| Grants payable and donations |
20,500 | 20,500 | |||
| Insurance dt other |
admin costs | 1,889 | 1,889 | 3,656 | |
| Accountancy fees |
3,500 | 3,500 | 4,925 | ||
| Property insurance |
and repairs | 14,472 | 14,472 | 2,155 | |
| Total resources expended 2023 | %14,472 | 8102,682 | $117,154 | 664,803 | |
| Total resources expended 2022 | 82,155 | 662,648 |
| 4 | GRANTS PAYABLE | ||
|---|---|---|---|
| 2023 | 2022 | ||
| 6grants (2022:0)as follows: | |||
| East Anglian Air Ambulance | 1,000 | ||
| Kettlefields Primary School |
2,500 | ||
| Our Special Friends | 1,000 | ||
| Ellesmere Devils Society | 5,000 | ||
| Dullingham Charities |
1,000 | ||
| StNicholas Hospice Care | 10,000 | ||
| f20,500 | |||
| 5 | TANGIBLE FIXEDASSETS | ||
| Investment | |||
| properly | |||
| Valuation | |||
| At I April 2022 and 31 March 2023 | K1,500,000 |
| he tangibl | e fixed assets are primarily held to provide an |
investment return. |
|---|---|---|
| Motor | ||
| vehicles | ||
| Cost: | ||
| 1 April 2022 | 50,392 | |
| Disposals | (50,392) | |
| 31March | 2023 | |
| Depreciation: | ||
| 1 April 2022 | 43,677 | |
| Eliminated | on disposals | (43,677) |
| 31 March | 2023 | |
| Net book | value: | |
| 31March | 2023 | |
| 31 March | 2022 | r6,715 |
| Investment | ||||
|---|---|---|---|---|
| in subsidiary | ||||
| Valuation | or nominal | value or cost | ||
| At 1 April | 2022 snd | 31 March 2023 | F100 | |
| Investment | in subsidiary: | |||
| Class of | Proportion | |||
| Name | holding | held | ||
| Oftenfact | Limited | Ordinary | 100% |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Trade debtors | 2,069 | 3,240 | |||
| Amount | due | Irom subsidiary | undertaking | 602,960 | 588,490 |
| Amount | due | Irom related undertaking | 402,119 | 490,768 | |
| Prepayments | and accrued income | 2,026 | |||
| Other debtors | 1,975 | ||||
| g1,009,174 | K1,084,473 | ||||
| CREDITORS | |||||
| 2023 | 2022 | ||||
| Other creditors | 31 | ||||
| Accruals | and | deferred income | 8,100 | 25,400 | |
| K8,100 | $25,431 | ||||
| Deferred | income comprises: | ||||
| Brought | forward | 21,900 | 21,900 | ||
| Deferred | in the year | 4,600 | 21,900 | ||
| Released | in the year | (21,900) | (21,900) | ||
| Deferred | income carried forward | j4,600 | 621,900 |
| At I April | Incoming | Outgoing | At 31 March | ||
|---|---|---|---|---|---|
| 2022 | Resources | Resources | 2023 | ||
| Unrestricted funds: |
|||||
| General reserves | 2,568,279 | 57,834 | (117,154) | 2,508,959 | |
| Total unrestricted | funds | K2,568,279 | f57,834 | f(117,154) | $2,508,959 |
| At I April | Incoming | Outgoing | At 31March | ||
| 2021 | Resources | Resources | 2022 | ||
| Unrestricted funds: |
|||||
| General reserves | 2,518,937 | 114,145 | (64,803) | 2,568,279 | |
| Total unrestricted | funds | X2,518,937 | f114,145 | Z(64,803) | f2,568,279 |
| summary ofthe results ofthe subsidi | ary is shown |
below: | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Turnover | 600 | 600 | ||
| Related costs | (138) | (18,132) | ||
| Gross profit/(loss) | 462 | (17,532) | ||
| Administrative expenses |
(100) | |||
| Operating profit/(loss) |
462 | (17,632) | ||
| Interest receivable and similar income |
17,632 | |||
| Interest payable | (14,470) | (14,470) | ||
| Loss on ordinary activities before and |
after taxation | K(14,008) | K(14,470) | |
| 2023 | 2022 | |||
| The aggregate ofthe assets, liabilities | and funds was: | |||
| Assets | 600,462 | 600,000 | ||
| Liabilities | (602,960) | (588,490) | ||
| Net (liabilities)/assets | $(2,498) | 811,510 | ||
| Capital and reserves: | ||||
| Called up share capital (representing | 100ordinary | shares ofKl | ||
| each) | 100 | 100 | ||
| Revaluation reserve |
50,138 | 50,138 | ||
| Profit and loss account | (52,736) | (38,728) | ||
| Z(2,498) | KI1,510 |
| 2023 | 2022 | ||
|---|---|---|---|
| Amounts | receivable: | ||
| Within one year | 19,500 | 40,734 | |
| Between | two and five years | 68,490 | |
| f87,990 | 840,734 |