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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Report ofthe Independent<br>Auditors|4|to|5|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|8|to|12|
|Detailed Statement ofFinancial Activities||13||





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|||2021|2020|
|---|---|---|---|
|||Unrestricted|Total|
|INCOME AND ENDOWMENTS FROM|Notes|fund|fundsf|
|Donations<br>and legacies||174,712|109,000|
|EXPENDITURE ON||||
|Charitable<br>activities||||
|Fylde Coast YMCA<br>Keep Britain Tidy||50,000|109,000|
||||5,000|
|Total||||
|||50,000|114,000|
|Net gains on investments||8576468||
|NET INCOME/(EXPENDITURE)||8,701,180|(5,000)|
|RECONCILIATION OFFUNDS||||
|Total funds brought forward||31,173,031|31,178,031|
|TOTAL FUNDS CARRIED FORWARD||39,874211|31,173031|





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|||2021|2020|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
|FIKEDASSETS|Notes||f.|
|Tangible assets<br>Investments||163,410<br>39374468|163,410<br>30998000|
|||39,737,878|31,161,410|
|CURRENT ASSETS||||
|Cash at bank||||
|||136,333|11,621|
|NET CURRENT ASSETS||136,333|11,621|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|39,874,211|31,173,031|
|NET ASSETS||39874211|31 173 031|
|FUNDS||||
|Unrestricted<br>funds||39,874211|31,173031|
|TOTAL FUNDS||39874.211|31173031|






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|||||THE LOFTHOUSE FOUNDATION||
|---|---|---|---|---|---|
||||NOTES|TO THE FINANCIAL STATEMEiNTS -condnued<br>for the year ended 31December 2021||
||3.|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES||||
||||||Unrestricted|
||||||fund|
|||INCOME|AND ENDOWMENTS|FROM||
|||Donations|and legacies|||
||||||109,000|
|||EXPENDITURE ON||||
|||Charitable|activities|||
|||Fylde Coast YMCA||||
|||Keep Britain Tidy|||109,000|
||||||5,000|
|||Total||||
||||||114,000|
|||NET INCOME/(EXPENDITURE)||||
||||||(5,000)|
|||RECONCILIATION OFFUNDS||||
|||Total funds|brought forward|||
||||||31,178,031|
|||TOTAL FUNDS CARRIED FORWARD||||
||||||31173.331|
|4.||TANGIBLE|FIXEDASSETS|||
||||||Freehold|
||||||property|
|||COST|||6|
|||At 1 January|2021 and 31December|2021||
||||||163410|
|||NET BOOK|VALUE|||
|||At 31December 2021||||
||||||163410|
|||At 31December 2020||||
||||||163410|





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|for the year ended 31D<br>FIXEDASSETINVESTMENTS|ecember 2021|
|---|---|
||Unbated|
||investments|
|MARKET VALUE|f|
|At 1 January 2021||
|Revaluations|30,998,000<br>~876468|
|At 31December 2021||
||39574468|
|NET BOOKVALUE||
|At 31 December 2021||
||39574,4611|
|At 31 December 2020||
||30998.0DD|



||||Unlisted|
|---|---|---|---|
||||tnvesttnents|
|Valuation|in|2021||
|Cost|||8,576,468|
||||3D.998.000|
||||39574 468|



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|MOVEMEN|T IN FUNDS|||||
|---|---|---|---|---|---|
|||||Net||
|||||tnovement|At|
||||At 1/I/21|in funds|31/12/21|
|Unrestricted|funds|||f.|f.|
|General<br>fund||||||
||||31,173,031|8,701,180|39,874,211|
|TOTAL FUNDS||||||
||||31 173031|8,701 180|39874211|
|Net movement|in funds, included|in the above are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|Unrestricted|funds|resources|expended<br>f.|losses<br>f|in funds<br>6|
|General fund||174,712|(50,000)|8,576,468|8,701,180|
|TOTAL FUNDS||174712|~50 000|8 576468|8 701,180|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|Unrestricted|funds|At 1/1/20<br>f|in funds<br>f|31/12/20|
|General fund|||||
|||31,178,031|(5,000)|31,173,031|
|TOTAL FUNDS||31,178,031|~3000|31,173031|



|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|Unrestricted|||funds||f,|f|
|General|fund||||||
|||||109,000|(114,000)|(5,000)|
|TOTAL FUNDS|||||||
|||||109000|114,000|~5000|
|A current year|||12months and prior year 12months combined|position is as follows:|||
||||||Net||
||||||movement|At|
|||||At 1/I/20|in funds|31/12/21|
|Unrestricted||funds|||||
|General|fund||||||
|||||31,178,031|8,696,180|39,874,211|
|TOTAL|FUNDS||||||



||Net||
|---|---|---|
||movement|At|
|At 1/I/20|in funds|31/12/21|
|31,178,031|8,696,180|39,874,211|
|31,178.031|8696 180|39874211|



|||comne net mo|vement<br>in funds, i|ncluded<br>in the abo|ve are as follo|
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|Unrestricted|funds|resources|expended|losses<br>f|in funds|
|General fund||||||
|||283,712|(164,000)|8,576,468|8,696,180|
|TOTAL FUNDS||283712|~164,000|~876468|8 696 180|





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||for the year ended 3|<br>1December 2021||
|---|---|---|---|
|||2021|2020|
|INCOME|AND ENDOWMENTS|||
|Donations|and legacies|||
|Donations||||
|Legacies||50,000|109,000|
|||124712||
|||174712|109000|
|Total incoming resources||174,712|109,000|
|EXPENDITURE||||
|Charitable|activities|||
|Grants to institutions||||
|||50,000|114000|
|Total resources expended||50000|114,000|
|Net income/(expenditure)||124,712|~5000|