| Legal and admirustrative | information | |
|---|---|---|
| Report ofthe trustees | 2/6 | |
| Independent Examiner's |
Report | |
| Statement offinancial activities |
| 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | 2021 | ||||||
| Notes | Funds | Funds | Funds | Total | Total | ||||
| Income and endowments | from: | ||||||||
| Investments | 41,345 | 41,345 | 39,778 | ||||||
| Donations | 2,000 | 2,000 | 2,000 | ||||||
| Total income and | endowments | 43,345 | 43,345 | 41,778 | |||||
| Expenditure on: |
|||||||||
| Raising funds | 6,838 | 6,838 | 5,920 | ||||||
| Charitable activities |
11,855 | 11,855 | 21,773 | ||||||
| Total expenditure | 18,693 | 18,693 | 27,693 | ||||||
| Net income/(expenditure) | and net | ||||||||
| movement in funds before |
gains/(losses) | 24,652 | 24,652 | 14,085 | |||||
| on investments | |||||||||
| Net gain/{losses) on investments | 12 | 19,084 | 19,084 | 132,78"/ | |||||
| Net income/(expenditure) | 43,736 | 43,736 | 146,872 | ||||||
| Transfers between | funds | ||||||||
| Other recognised | gains/(losses) | ||||||||
| Net movement in funds |
12 | 43,736 | 43,736 | 146,872 | |||||
| Reconciliation offunds: | |||||||||
| Total funds brought | forward | 12 | 678,856 | 287,000 | 110,000 | 1,075,856 | 928,984 | ||
| Total funds carried | forward | 12 | 722,592 | 287,000 | 110000 | 1,119,592 | 1,075,856 |
| BALANCE SHEET | |||||
|---|---|---|---|---|---|
| AT 31MARCH 2022 | |||||
| Note | 2022 | 2021 | |||
| Fixed assets | |||||
| Tangible assets | 101,100 | 101,200 | |||
| Investments | 963,223 | 926,510 | |||
| Current assets | |||||
| Debtors | 10 | 741 | |||
| Cash at bank and in hand | 61,688 | 51,434 | |||
| 61,6SS | 52,175 | ||||
| Creditors: | |||||
| Amounts falling due within one year |
6,419 | 4,029 | |||
| Net current assets | 55,269 | 48,146 | |||
| Total assets less current liabilities | 1,119,592 | 1,075,856 | |||
| Net assets | 1,119,692 | 1,076 866 | |||
| Capital funds | |||||
| Restricted funds | 287,000 | 287,000 | |||
| Endowments | 12 | 110,000 | 110,000 | ||
| Income funds | |||||
| Unrestricted funds |
12 | 574,797 | 512,138 | ||
| Revaluation reserve |
12 | 145,795 | 162,718 | ||
| Designated fund |
12 | 2,000 | 4,000 | ||
| Total charity funds | 1,119,592 | 1,075,856 |
| Income from | investments | investments | investments | Unrestricted | Unrestricted | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Total | Total | ||||||
| Dividends and |
interest receivable | 14,427 | 14,300 | ||||
| Property income | 26,918 | 25,478 | |||||
| Donations | 2,000 | 2,000 | |||||
| 43,345 | 41,778 | ||||||
| Kxpenditure | |||||||
| 2022 | 2021 | ||||||
| Total | Total | ||||||
| Raising funds Investment manager |
fees4 | Stock Exchange fee | 6,838 | 5,920 | |||
| 6,838 | 5,920 | ||||||
| Charitable activities |
|||||||
| Grant making | activities: | ||||||
| Furtherance ofhealth and social wellbemg | 10,500 | ||||||
| Advancement | of | education | |||||
| Alleviation ofpoverty | 2,000 | 4500 | |||||
| 4,000 | 15,000 | ||||||
| Support costs | |||||||
| Wages | 4,320 | 4,320 | |||||
| Insurance | 1,786 | 1,885 | |||||
| Postage, stationery | and document | disposal | 17 | ||||
| Travel, training, | subsistence | and welfare | |||||
| Marketing | 136 | 136 | |||||
| Professional fees |
90 | 126 | |||||
| Maintenance | (514) | ||||||
| Bank charges | |||||||
| Legal | 733 | 13 | |||||
| Depreciation | 100 | 100 | |||||
| 7,165 | 6,083 | ||||||
| Governance | |||||||
| Independent Examination |
690 | 690 | |||||
| 690 | 690 | ||||||
| Charitable activities |
11,855 | 21,773 | |||||
| Total expenditure | 18,693 | 27,693 |
| Grants funding ofactivities | Grants funding ofactivities | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Grants to Institutions | Grants to Institutions | ||
| No. | No. | ||
| Charitable | activities | ||
| Grant making activities: | |||
| Furtherance | ofhealth and social wellbeing | 2,000 | 10,500 |
| Education | |||
| Alleviation | ofpoverty | 2,000 | 4,500 |
| 4,000 | 15,000 |
| Net income/(expenditure) | for | the year | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| The net income/expenditure | for | the year is stated after charging: | |||
| Governance costs: Independent | Examination | 690 | 690 | ||
| Depreciation | 100 | 100 | |||
| Pro6t/(loss) on fair value movement ofinvestments |
19,084 | 132,787 | |||
| Staff numbers and costs |
|||||
| The average monthly number ofemployees |
during the year (excluding Trustees) by function was: | ||||
| 2022 | 2021 | ||||
| Charitable activities: |
|||||
| The staff costs in respect ofthese employees | were as follows: | ||||
| 2022 | 2021 | ||||
| Wages | 4,320 | 4,320 |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Freehold | |||||
| Long | Land and | ||||
| Leasehold | Equipment | Buildings | Total | ||
| COST ORVALUATION | |||||
| At 1 April 2021 | 100,000 | 6,838 | 1,000 | 107,838 | |
| Additions at cost |
|||||
| At 31March 2022 | 100000 | 6 838 | 1 000 | 103 | 838 |
| DEPRECIATION | |||||
| At 1April 2021 | 6,638 | 6,638 | |||
| Charge for the year | 100 | 100 | |||
| At 31March 2022 | 6,738 | 6,738 | |||
| NET BOOK VALUE | |||||
| At 31March 2021 | 100,000 | 200 | 1,000 | 101,200 | |
| At 31March 2022 | 100000 | 100 | 1 000 | 101 | 100 |
| Use of | Ass | ets: | |||||
|---|---|---|---|---|---|---|---|
| Freehold | |||||||
| Long | Land and | 2022 | |||||
| Leasehold | Equipment | Buildmgs | Total | ||||
| McMillan | Nursery | School (Reg.no. 1118357) | 1,000 | 1,000 | |||
| Friends | Bc | Family | ofSpecial Children (Reg. no. 1114692) | 100,000 | 100 | 100,100 | |
| Support | |||||||
| 100,000 | 100 | 1,000 | 101,100 |
| Investmenls | |||||
|---|---|---|---|---|---|
| Freehold | Listed | 2022 | 2021 | ||
| Property | Portfolio | Total | Total | ||
| Cost or market value at 1April | 2021 | 286,000 | 640,510 | 926,510 | 764,520 |
| Additions at cost |
148,010 | 148,010 | 121,381 | ||
| Disposal proceeds | (130,381) | (130,381) | (92,181) | ||
| Net Gain/(Loss) on revaluation |
atyear end | 19,084 | 19,084 | 132,787 | |
| Market value at 31March 2022 | 2116,000 | 677,223 | 963/23 | 926,507 | |
| Historic cost —portfolio | 286,000 | 531,429 | 817,429 | 763,792 |
| Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Other debtors | ||||
| Creditors: | Amounts | falling due within one year | ||
| 2022 | 2021 | |||
| Trade creditors | 4,000 | 1,673 | ||
| Accruals | 2,419 | 2,356 | ||
| 6,419 | 4,029 |
| Statement | offunds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | Gain/Loss | At | ||||||
| 1April | and | 31March | ||||||
| 2021 | Income | Expenditure | Transfers | Revaluation | 2022 | |||
| Profits | ||||||||
| Unrestricted | funds | 512,138 | 43,345 | (14,693) | (2,000) | 36,007 | 574,797 | |
| Revaluation | reserve | 162,718 | (16,923) | 145,795 | ||||
| Designated Permanent |
funds Endowment |
funds | 4,000 110,000 |
(4,000) | 2,000 | 2,000 110,000 |
||
| Capital funds | 287,000 | 287,000 | ||||||
| 1,075,856 | 43,345 | ~18,693 | 19,084 | 1,119,592 | ||||
| At | Gain/Loss | At | ||||||
| 1April | and | 31March | ||||||
| 2020 | Income | Expenditure | Transfers | Revaluation | 2021 | |||
| Profits | ||||||||
| Unrestricted | funds | 494,674 | 41,778 | (27,693) | (2,000) | 5,379 | 512,138 | |
| Revaluation | reserve | 35,310 | 127,408 | 162,718 | ||||
| Designated Permanent |
funds Endowment |
funds | 2,00G 110,000 |
2,000 | 4,000 110,000 |
|||
| Capital fimds | 287,000 | 287,000 | ||||||
| 928,984 | 41,778 | ~27,693 | - | 132,787 | 1,075,856 |
| Analysis offunds | ||||||
|---|---|---|---|---|---|---|
| Restricted | ||||||
| Revaluation | Unrestricted | Designated | Capital | Endowment | ||
| Reserve | Funds | Fund | Funds | Funds | Total | |
| Tangible fixed assets Investments |
145,795 | 100,100 421,428 |
1,000 286,000 |
110,000 | 101,100 963,223 |
|
| Net current assets | 53,269 | 2,000 | 55,269 | |||
| Total net assets | 145,795 | 574,797 | 2,000 | 287,000 | 110,000 | 1,119,592 |