2022-04-05-accounts - Derek Williams Trust

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		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	8	to	9
Statement ofFinancial Activities		10
Salance Sheet
Notes tothe Financial Statements	12	to	18
Detailed Statement of Financial Activities	19	to	20

		2022	2021
		Unrestricted	Total
		funds	funds
FIXEDASSETS	Notes	6	f
Heritage assets Investments		7,987,662	7,952,381
Investments Investment properly		1,372,179 2,309,500	1,292,483 2,924,500
		11,669,341	12,169,364
CURRENT ASSETS
Stocks Debtors Cash at bank	10 11	619,323 67,474 790,289	4,323 109,275 333,943
		1,477,086	447,541
CREDITORS
Amounts falling due within one year	12	(96,622)	(112,228)
NET CURRENT ASSETS		1,380,464	335,313
TOTAL ASSETS LESSCURRENT LIABILITIES		13,049,805	12,504,677
NET ASSETS		13,049,805	12,504,677
FUNDS	13
Unrestricted funds		13,049,805	12,504,677
TOTAL FUNDS		13,049,805	12,504,677

INVESTMENT INCOME
Rent receivable insurance recharged Income from other investments Dividends received Deposit account interest	2022 233,369 2,789 12,447 42,287 27	2021f 220,831 5,028 18,404 38,811 3
	290,919	283,077

		2022	2021
Portfolio fees		6	6
Property insurance General management Property expenses Sundries Bad debts	fees	10,367 4,828 15,251 20,833 1,219	10,676 5,877 14,668 (19,425) 2,432
		3,674	11,000
		56,172	25,228

				2022	2021
Trustees' expenses				6 1,849	655
COMPARATIVES		FOR THE STATENIENT OF FINANCIAL ACTIVITIES
					Unrestricted
INCOME AND ENDOWMENTS			FROM		fundsf
Investment income
					283,077
EXPENDITURE ON
Cost ofgenerating	funds				25,228
Charitable activities
Charitable Activities
					49,604
Total
					74,832
Net gains on investments
					269,861
NET INCOME
					478,106
RECONCILIATION		OF FUNDS
Total funds brought		forward			12,026,571
TOTAL FUNDS CARRIED FORWARD
					12,504,677
			Page 14		continued. ..

		F	OR TH	E YEAR ENDED 5APRIL 2022
7.	HERITAGE ASSETS
					Total
	MARKET VALUE				6
	At 6April 2021 Additions				7,952,381
					35,281
	At 5 April 2022				7,987,662
	NET BOOK VALUE
	At 5April 2022				7,987,662
	At 5April 2021				7,952,381
8.	FIXEDASSET INVESTMENTS
					Listed
					investments
	MARKET VALUE				f
	At 6 April 2021 Additions				1,285,717
	Disposals Revaluations				114,982 (210,129)
					181,609
	At 5April 2022				1,372,179
	NET BOOK VALUE
	At 5 April 2022				1,372,179
	At 5 April 2021				1,285,717
	There were no investment	assets outside the		UK.
	INVESTMENT PROPERTY
	FAIR VALUE
	At 6 April 2021 Reclassification				2,924,500
					(615,000)
	At 5 April 2022				2,309,500
	NET BOOK VALUE
	At 5 April 2022				2,309,500
	At 5April 2021				2,924,500
	Fair value at 5 April 2022 is represented		by:
	Valuation in 2019 Valuation in 2020 Cost				E. (90,630) (1,279,500) 3,679,630
					2,309,500
				Page 15	continued. ..


10.	STOCKS
	Stocks			2022 f	2021 f
	Assets held for sale			4,323 615,000	4,323
				619,323	4,323
11.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
	Trade debtors Bad debt provision Other debtors VAT			2022 f 63,054 (24,174) 27,831	2021 2 119,371 (20,500) 10,404
				763
				67,474	109,275
12.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2022	2021
	Taxation and social security Other creditors			6 96,622	6 11,503 100,725
				96,622	112,228
13.	MOVEMENT IN FUNDS
			Net	Transfers
	Unrestricted funds	At6.4.21 6	movement in funds f	between funds 6	At 5.4.22 F
	General fund Designated Funds	11,932,597 572,080	605,253 (60,125)	(174,719) 174,719	12,363,131 686,674
		12,504,677	545,128		13,049,805
	TOTAL FUNDS	12,504,677	545,128		13,049,805

Net movemen	t in funds, includ	ed in the abov	e are as follows:
			Incoming	Resources	Gains and	Movement
Unrestricted	funds		resources f.	expended f	losses	in funds f
General fund Designated Funds			290,919	(75,S93) (60,125)	390,227	605,253 (60,125)
			290,919	(136,018)	390,227	545,128
TOTAL FUNDS			290,919	(136,018)	390,227	545,128
Comparatives	for movement	in funds
				Net	Transfers
Unrestricted	funds		At6.4.20 f	movement in funds f	between funds f	At 5.4.21 f
General fund Designated Funds			11,594,535 432,036	508,062 (29,956)	(170,000) 170,000	11,932,597 572,080
			12,026,571	478,106		12,504,677
TOTAL FUNDS			12,026,571	478,106		12,504,677

	Incoming	Resources	Gains and	Movement
Unrestricted funds	resources f	expended f	losses f	in funds f
General fund Designated Funds	283,077	(44,876) (29,956)	269,861	508,062 (29,956)
	283,077	(74,832)	269,861	478,106
TOTAL FUNDS	283,077	(74,832)	269,S61	478,106

current year 12 months and prior	year 12months combined positio	n isas follows:
		Net	Transfers
Unrestricted funds	At6.4.20 8	movement in funds	between funds f	At 5.4.22 8
General fund Designated Funds	11,594,535 432,036	1,113,315 (90,081)	(344,719) 344,719	12,363,131 686,674
	12,026,571	1,023,234		13,049,805
TOTAL FUNDS	12,026,571	1,023,234		13,049,805

	Incoming	Resources	Gains and	Movement
Unrestricted funds	resources f	expended 8	losses 8	in funds
General fund Designated Funds	573,996	(120,769) (90,081)	660,088	1,113,315 (90,081)
	573,996	(210,850)	660,088	1,023,234
TOTAL FUNDS	573,996	(210,850)	660,088	1,023,234

		FOR THE YEAR ENDE	D 5APRIL 2022
			2022f	2021
INCOME AND ENDOWMENTS
Investment Income
Rent receivable Insurance recharged Income from other investments Dividends received Deposit account interest			233,369 2,789 'l2,447 42,287 27	220,831 5,028 18,404 38,811 3
			290,919	283,077
Total incoming resources			290,919	283,077
EXPENDITURE
Investment management		costs
Porffolio fees Properly insurance General management Properly expenses Sundries Bad debts	fees		10,367 4,828 15,251 20,833 1,219 3,674	10,676 5,877 14,668 (19,425) 2,432 11,000
			56,172	25,228
Charitable activities
Grants to institutions			60,125	29,956
Supportcosts
Nlanagement
Trustees' expenses Management fees			1,849 5,195	655 4,996
			7,044	5,651
Finance
Bank charges			56	10
Governance costs
Auditors' remuneration Insurance Management Fees			7,000 426 5,195	8,000 991 4,996
			12,621	13,987
Total resources expended			136,018	74,832
Net income before gains and losses			154,901	208,245

		FOR THE YEAR ENDED 5AP	RIL 2022
			2022	2021
Realised recognised	gains and losses
Realised gains/(losses) Realised gains/(losses)	on fixed asset on investment	investments property	181,609 208,618	269,861
Net income
			545,128	478,106