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|et|the qualifying
condition|s to assist them
i|n their educatio|n:-|||
|---|---|---|---|---|---|---|
|||||2022||2021|
||||No.||No.|E|
|On|first application||11|7,450|13|7,950|
|On|second application||12|7,950|13|7,700|
|On|third application||8|5,250|11|7,450|
|On|fourth and subsequent|application|2|1,450|2|1,500|
||||33|21,000|39|24,600|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
|||Notes|fund|fund
6|fund
6|funds
I|fundsI|
|INCOME AND ENDOWMENTS||||||||
|FROM||||||||
|Donations||2|17,100|||17,100|27,100|
|Investment
income|||81,054|7,084||88,138|89,269|
|Total|||98,154|7,084||105,238|116,369|
|EXPENDITURE ON||||||||
|Generating
investment||||||||
|income||||||||
|Investment
management|costs||18,577|3,171||21,748|17,310|
||||18,577|3,171||21,748|17,310|
|Charitable
activities||||||||
|Grants to individuals|||25,100|450||25,550|26,000|
|SuppoK and governance|costs||31,523|||31,523|41,306|
|Other charitable
expenditure|||(42,649)|(5,054)||(47,703)|122,509|
|Total|||32,551|(1,433)||31,118|207,125|
|Net gains on inveslments|||||2,529,401|2,530,048|141,717|
|NET INCOME|||65,603|9,164|2,529,401|2,604,168|50,961|
|RECONCILIATION
OF|FUNDS|||||||
|Total funds brought
forward|||214,741|62,390|6,544,918|6,822,049|6,771,088|
|TOTAL FUNDS CARRIED||||||||
|FORWARD|||280,344|71,554|9,074,319|9,426,217|6,822,049|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
||Notes|fund
E|fund
6|fund
6|funds
6|fundsI|
|FIXEDASSEIS|||||||
|Tangible assets|||||||
|Investments|||||||
|Investments|10|227,188|71,554|574,318|873,060|832,593|
|Investment
properly|11|||8,500,000|8,500,000|6,000,000|
|||227,188|71,554|9,074,319|9,373,061|6,832,594|
|CURRENT ASSETS|||||||
|Debtors|12|56,583|||56,583|19,584|
|Cash at bank||42r&03|||42,803|19r006|
|||99,386|||99,386|38,59D|
|CREDITORS|||||||
|Amounts
falling due within one
year|13|(46,230)|||(46,230)|(49,t35)|
|NET CURllENT ASSETS||53,156|||53,156|(10,545)|
|TOTAL ASSETS LESS|||||||
|CURRENT LIABILITIES||280,344|71,554|9,074,319|9,426,217|6,822,049|
|||280,344|71,554|9,074,319|9,426,217|6,822,049|
|FUNDS|14||||||
|Unresbicted
funds
Restricted funds
Endowment
funds|||||28D,344
71,554
9,074,319|214,741
62,390
6,544,918|
|TOTALFUNDS|||||9,426,217|6,822,049|
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||DONATIONS|||||
|---|---|---|---|---|---|
|||||2022|2021f|
||Donations|||17,100|2,100|
||Grants||||25,000|
|||||17,100|27,100|
||Grants received,|included|in the above, are as follows:|||
|||||2022f|2021f|
||London Borough|of Merton|||25,000|
|3.|INVESTMENT|INCOME||||
|||||2022f|2021f|
||Rents received|||69,270|69,309|
||Dividends
received|||18,868|19,9&I|
|||||88,138|89,269|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||E|E|
|Investment|management|fees||8,441|7,983|
|Repair and|maintenance|ofinvestment|properties|13,307|9,327|
|||||21,748|17,310|
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|Independent|examiner's
|remunera|tion,
net of irrecoverable
VAT, con|sisted of|:|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|E|
|Independent|examination|||||1,100|1,100|
|Accountancy||||||840|840|
|||||||1,940|1,940|
|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||||||
||||Unrestricted|Restdicted||Endowment|Total|
||||fund|fund||fund|funds|
||||I|E||E|E|
|INCOME AND ENDOWMEMS|||FROM|||||
|Donations|||27,100||||27,100|
|Inveslment|income||82,200|7,069|||89,269|
|Total|||109,300|7,069|||116,369|
|EXPENDITURE ON||||||||
|Generating
Investment|investment
management|income
costs
14,481||2,829|||17,310|
||||14,481|2,829|||17,310|
|Charitable|activities|||||||
|Grants to individuals|||25,70D||300||26,000|
|Support and|governance|costs|41,3D6||||41,306|
|Other charitable
expenditure|||88,108|34,401|||122,509|
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|7.|COMPARATIVES FOR|COMPARATIVES FOR|THE STATEMENT OF|FINANCIAL ACTIVITIES - continued|FINANCIAL ACTIVITIES - continued|FINANCIAL ACTIVITIES - continued||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|
|||||fund
E|fund|fund
E|fundsf|
||Tubs l|||169,595|37,530||207,125|
||Net gains on investments||||6,558|135,159|141,717|
||NET INCOME/(EXPENDITURE)|||(60,295)|(23,903)|135,159|50,961|
||RECONCILIATION|OF|FUNDS|||||
||Total funds brought|forward||275,036|86,293|6,409,759|6,771,088|
||TOTAL FUNDS CARRIED FORWARD|||214,741|62,390|6,544,918|6,822,049|
||The table above shows the figures as presented|||in the 2020 acmunts.||||
|8.|NET GAINS/(LOSSES)||ON INVESTMENTS|||||
|||||||2022f|2021|
||Investment
properties|||||||
||Other investments|||||30,047|141,717|
|||||||30,047|141,717|
|9.|TANGIBLE FIXED|ASSETS||||||
||||||||Freehold|
||||||||pioperty
f|
||COST|||||||
||At 1 April 2021 and|31 March 2022||||||
||NET BOOKVALUE|||||||
||At 31March 2022|||||||
||At 31March 2021|||||||
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|FIXEDASS|ET INVESTMENTS||
|---|---|---|
|||Listed|
|||investments|
|||I|
|MARKET VALUE|||
|At 1 April 2021||832,593|
|Income reinvested||18,859|
|Management|fees|(8,440)|
|Revaluations||30,048|
|At 31 March|2022|873,060|
|NET BOOK|VALUE||
|At 31March|2022|873,060|
|At 31March|2021|832,593|
##
|INVESTMENT PROPERTY||
|---|---|
|FAIR VALUE||
|At 1 April 2021|6,000,000|
|Revaluation|2,500,000|
|At 31 March 2022|8,500,000|
|NET BOOK VALUE||
|At 31March 2022|8,500,000|
|At 31 March 2021|6,DD0,000|
|12.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|
||||||2022I|2021
6|
||Other debtors||||56,583|19,584|
|13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||||||6|6|
||Grants payable||||4,500|350|
||Other creditors||||41,730|48,785|
||||||46,230|49,135|
|14.|MOVEMENT IN FUNDS||||||
||||||Net||
||||||movement|At|
|||||At 1/4/21
I|in funds
6|31/3/22
I|
||Unrestricted
funds||||||
||Unrestricted
fund|||214,741|65,603|280,344|
||Restricted funds||||||
||Restricted
fund|||62,390|9,164|71,554|
||Endowment
funds||||||
||Endowment
fund|||6,544,918|2,529,401|9,074,319|
||TOTAL FUNDS|||6,822,049|2,604,168|9,426,217|
||Net movement
in funds,|included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources
6|expended
6|losses
I|in funds
6|
||Unrestricted
funds||||||
||Unrestr icted fund||98,154|(32,551)||65,603|
||Restricted funds||||||
||Restricted
fund||7,084|1,433|647|9,164|
||Endowment
funds||||||
||Endowment
fund||||2,529,401|2,529,401|
||TOTAL FUNDS||105,238|(31,118)|2,530,048|2,604,168|
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