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2022-04-05-accounts
|
Page |
| Report of the Trustees |
1 to 4 |
| Report of the Independent Auditors |
5 to 6 |
| Statement of Financial Activities |
7 |
| Balance Sheet |
8 |
| Notes to the Financial Statements |
9 to 13 |
| Detailed Statement of Financial Activities |
14 |
|
|
2022 |
2021 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
|
|
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Investment income |
2 |
88,269 |
85,499 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
3 |
23,025 |
21,352 |
| Charitable activities |
|
|
|
| Grants |
|
74,000 |
70,060 |
| Bank charges |
|
120 |
- |
| Other |
|
2,918 |
4,490 |
| Total |
|
100,063 |
95,902 |
| Net gains on investments |
|
113,796 |
415,037 |
| NET INCOME |
|
102,002 |
404,634 |
| RECONCILIATION OF FUNDS |
|
|
|
| Total funds brought forward |
|
2,650,349 |
2,245,715 |
| TOTAL FUNDS CARRIED FORWARD |
|
2,752,351 |
2,650,349 |
|
|
2022 |
2021 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
| FIXED ASSETS |
|
|
|
| Investments |
|
|
|
| Investments |
6 |
1,935,517 |
1,899,159 |
| Investment property |
7 |
754,000 |
702,000 |
|
|
2,689,517 |
2,601,159 |
| CURRENT ASSETS |
|
|
|
| Cash at bank |
|
91,893 |
79,291 |
| CREDITORS |
|
|
|
| Amounts falling due within one year |
8 |
(29,059) |
(30,101) |
| NET CURRENT ASSETS |
|
62,834 |
49,190 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
| LIABILITIES |
|
2,752,351 |
2,650,349 |
| NET ASSETS |
|
2,752,351 |
2,650,349 |
| FUNDS |
9 |
|
|
| Unrestricted funds |
|
2,752,351 |
2,650,349 |
| TOTAL FUNDS |
|
2,752,351 |
2,650,349 |
| INVESTMENT INCOME |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Rents received |
32,076 |
30,336 |
| Fixed interest securities |
8,453 |
9,719 |
| Dividends |
47,740 |
45,444 |
|
88,269 |
85,499 |
| RAISING FUNDS |
|
|
| Investment management costs |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Portfolio management |
8,135 |
8,000 |
| Support costs |
14,890 |
13,352 |
|
23,025 |
21,352 |
|
Unrestricted |
|
fund |
| INCOME AND ENDOWMENTS FROM |
|
| Investment income |
85,499 |
| EXPENDITURE ON |
|
| Raising funds |
21,352 |
| Charitable activities |
|
| Grants |
70,060 |
| Other |
4,490 |
| Total |
95,902 |
| Net gains on investments |
415,037 |
| NET INCOME |
404,634 |
| RECONCILIATION OF FUNDS |
|
| Total funds brought forward |
2,245,715 |
| TOTAL FUNDS CARRIED FORWARD |
2,650,349 |
| 6. |
FIXED ASSET INVESTMENTS |
|
|
|
Listed |
|
|
investments |
|
MARKET VALUE |
|
|
At 6 April 2021 |
1,899,159 |
|
Additions |
156,747 |
|
Disposals |
(182,185) |
|
Revaluations |
61,796 |
|
At 5 April 2022 |
1,935,517 |
|
NET BOOK VALUE |
|
|
At 5 April 2022 |
1,935,517 |
|
At 5 April 2021 |
1,899,159 |
|
The investments consist of the following; |
|
|
UK Listed investments £1,095,116 (2021: £1,143,826) |
|
|
Global Listed investments £840,401 (2021: £755,333) |
|
|
Cost or valuation at 5 April 2022 is represented by: |
|
|
|
Listed |
|
|
investments |
|
Valuation in 2022 |
1,935,517 |
| 7. |
INVESTMENT PROPERTY |
|
|
FAIR VALUE |
|
|
At 6 April 2021 |
702,000 |
|
Revaluation |
52,000 |
|
At 5 April 2022 |
754,000 |
|
NET BOOK VALUE |
|
|
At 5 April 2022 |
754,000 |
|
At 5 April 2021 |
702,000 |
|
Fair value at 5 April 2022 is represented by: |
|
|
Valuation in 2022 |
754,000 |
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Trade creditors |
|
|
1,848 |
|
Other creditors |
|
29,059 |
28,253 |
|
|
|
29,059 |
30,101 |
| 9. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 6.4.21 |
in funds |
5.4.22 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
2,650,349 |
102,002 |
2,752,351 |
|
TOTAL FUNDS |
2,650,349 |
102,002 |
2,752,351 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
88,269 |
(100,063) |
113,796 |
102,002 |
| TOTAL FUNDS |
88,269 |
(100,063) |
113,796 |
102,002 |
|
|
Net |
|
|
|
movement |
At |
|
At 6.4.20 |
in funds |
5.4.21 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
2,245,715 |
404,634 |
2,650,349 |
| TOTAL FUNDS |
2,245,715 |
404,634 |
2,650,349 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
85,499 |
(95,902) |
415,037 |
404,634 |
| TOTAL FUNDS |
85,499 |
(95,902) |
415,037 |
404,634 |
|
|
Net |
|
|
|
movement |
At |
|
At 6.4.20 |
in funds |
5.4.22 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
2,245,715 |
506,636 |
2,752,351 |
| TOTAL FUNDS |
2,245,715 |
506,636 |
2,752,351 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
173,768 |
(195,965) |
528,833 |
506,636 |
| TOTAL FUNDS |
173,768 |
(195,965) |
528,833 |
506,636 |
|
2022 |
2021 |
|
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
| Investment income |
|
|
| Rents received |
32,076 |
30,336 |
| Fixed interest securities |
8,453 |
9,719 |
| Dividends |
47,740 |
45,444 |
|
88,269 |
85,499 |
| Total incoming resources |
88,269 |
85,499 |
| EXPENDITURE |
|
|
| Investment management costs |
|
|
| Portfolio management |
8,135 |
8,000 |
| Charitable activities |
|
|
| Grants to institutions |
74,000 |
70,000 |
| Other |
|
|
| Investment property costs |
2,918 |
4,490 |
| Support costs |
|
|
| Management |
|
|
| Management fee |
12,860 |
11,399 |
| Finance |
|
|
| Bank charges |
120 |
60 |
| Governance costs |
|
|
| Auditors' remuneration |
2,030 |
1,953 |
| Total resources expended |
100,063 |
95,902 |
| Net expenditure before gains and |
|
|
| losses |
(11,794) |
(10,403) |
| Realised recognised gains and losses |
|
|
| Gains/losses f a inve |
61,796 |
388,037 |
| Gains/losses inv prop |
52,000 |
27,000 |
| Net income |
102,002 |
404,634 |