| Page | |||||
|---|---|---|---|---|---|
| Reference and administrative | details ofthe charity, | its trustees, | and advisers | ||
| Chair's statement | |||||
| Trustees' report |
3-11 | ||||
| Independent auditors' |
report | 12-15 | |||
| Statement offinancial | activities | 16 | |||
| Income and expenditure account |
17 | ||||
| Balance sheet | 18 | ||||
| Statement ofcash flows |
19 | ||||
| Notes to the financial | statements | 20-48 |
| Unrestricted | Restricted | Total | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | E | 6 | 6 | ||
| INCOME FROM: | |||||
| Donations and legacies |
659,007 | ||||
| Investments | 723,238 | 101,112 | 824,350 | 689,087 | |
| Charitable activities |
859,487 | 859,487 | 976,400 | ||
| Other income | 864,461 | 864,461 | 133,840 | ||
| TOTAL INCOME | 2,447,186 | 101,112 | 2,548,298 | 2,458,334 | |
| EXPENDITURE ON: | |||||
| Raising funds | 19,406 | 2,674 | 22,080 | 25,811 | |
| Other charitable activities |
1,997,178 | 173,125 | 2,170,303 | 1,494,758 | |
| TOTAL EXPENDITURE | 2,016,584 | 175,799 | 2,192,383 | 1,520,569 | |
| NET INCOME BEFORE INVESTMENT | 430,602 | (74,687) | 355,915 | 937,765 | |
| GAINS I(LOSSES) | |||||
| Net gains/(losses) on investments |
19& 20 |
929,451 | 75,300 | 1,004,751 | 3,865,038 |
| NET INCOME I(EXPENDITURE) BEFORETRANSFERS |
1,360,053 | 613 | 1,360,666 | 4,802,803 | |
| Transfers between Funds |
25 | (10,043) | 10,043 | ||
| NET INCOME I (EXPENDITURE) |
1,350,010 | 10,656 | 1,360,666 | 4,802,803 | |
| Total funds at 1 April | 21,148,262 | 3,591,383 | 24,739,645 | 19,936,842 | |
| TOTAL FUNDS AT 31 MARCH | 22,498,272 | 3,602,039 | 26,100,311 | 24,739,645 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Note | 2022f | 2022f | 2022f | 2021f | ||
| Income | 2,447,185 | 101,112 | 2,548,298 | 2,458,334 | ||
| Gains/Losses) on investments |
19&20 | 929,451 | 75,300 | 1,004,751 | 3,865,038 | |
| GROSS INCOME IN THE PERIOD |
REPORTING | 3,376,637 | 176,412 | 3,553,049 | 8,323,372 | |
| Less: Total expenditure | 2,018,584 | 175,799 | 2,192,383 | 1,520,589 | ||
| NET INCOME / (EXPENDITURE) FOR THE YEAR BEFORE TRANSFERS |
1,360,053 | 613 | 1,360,666 | 4,802,803 | ||
| Transfers between Funds |
25 | (10,043) | 10,043 | |||
| Net income/ (expenditure) after transfers |
for the year | 1,350,010 | 10,656 | 1,360,666 | 4,802,803 | |
| NET INCOME / (EXPENDITURE) FOR THE FINANCIAL YEAR |
1,350,010 | 10,656 | 1,360,666 | 4,802,803 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 6 | 6 | E | |||
| FIXEDASSETS | ||||||
| Tangible assets | 17 | 1,586,817 | 1,610,281 | |||
| Heritage assets | 18 | |||||
| Investment property |
19 | 2,216,160 | 2,052,000 | |||
| Total tangible assets | 3,802,977 | 3,662,281 | ||||
| Investments | 20 | 24,675,338 | 23,012,353 | |||
| 28,478,315 | 26,674,634 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 21 | 741,352 | 809,610 | |||
| Cash at bank and in hand |
1,028,406 | 962,033 | ||||
| 1,769,758 | 1,771,643 | |||||
| CREDITORS: amounts within one year |
falling due | 22 | (883,573) | (1,051,107) | ||
| NET CURRENT ASSETS | 886,185 | 720,536 | ||||
| TOTAL ASSETS LESSCURRENT LIABILITIES |
29,364,500 | 27,395,170 | ||||
| CREDITORS: amounts after |
falling due | 23 | (2,611,992) | (2,655,525) | ||
| more than one year | ||||||
| PROVISIONS FOR LIABILITIES | ||||||
| Other provisions | 24 | (652,197) | ||||
| NET ASSETS | 26 100311 | 24 736,645 | ||||
| CHARITYFUNDS | ||||||
| Restricted funds | 25 | 3,802,039 | 3,591,383 | |||
| Unrestricted funds |
25 | 22,498,272 | 21,148,262 | |||
| TOTAL FUNDS AT 31 | MARCH | 26,100,311 | 24,739,645 |
| owing ba | ses: |
|---|---|
| Freehold | property |
| Freehold | improvements |
| Plant and | machinery |
| Motor vehicles | |
| Fixtures and fittings | |
| Computer | equipment |
| Unrestricted | Restricted | Total | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||||
| 2022 | 2022 | 2022 | 2021 | |||||
| E. | E | E | E | |||||
| Sector 13landscaping | commuted | capital sum | 659,007 | |||||
| Total donations and legacies |
659,007 | |||||||
| In 2021, ofthe total income from donations | and | legacies, ENil was |
to unrestricted | funds and E659,000was to | ||||
| restricted funds. | ||||||||
| 3.INVESTMENT INCOME | ||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
| Funds | Funds | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||
| Bank deposit interest | 2323 | 3,743 | 6,066 | 9,869 | ||||
| Investment income: |
||||||||
| Dowry fund | 340,745 | 340,745 | 289,728 | |||||
| Pembroke fund |
175,593 | 175,593 | 149,482 | |||||
| Starfish Play Area fund | 8,832 | 8,832 | 7,590 | |||||
| Community Centre endowment |
fund | 5,250 | 5,250 | 4,510 | ||||
| Shark Park Play area | fund | 2,074 | 2,074 | 1,783 | ||||
| Marine Infrastructure | reserve fund | 9,348 | 9,348 | 5,649 | ||||
| SMI Medium Term reserve fund |
16,587 | 16,587 | 10,919 | |||||
| Tadpole Play Area fund |
2,225 | 2,225 | 1,913 | |||||
| Island Way Loop Road endowment | fund | 48,299 | 48,299 | 42,054 | ||||
| Sector 3 landscaping | endowment | fund | 5,925 | 5,925 | 5,067 | |||
| Sector 5 landscaping | endowment | fund | 663 | 663 | 852 | |||
| Sector 13landscaping | endowment | fund | 24,101 | 24,101 | 2,676 | |||
| Rents from investment | properties | 178,643 | 178,643 | 156,995 | ||||
| 723,238 | 101,112 | 824,350 | 689,087 |
| Unrestricted | Restricted | Total Funds | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||||
| 2022 | 2022f | 2022f | 2021f | |||||
| Service charge income | 304,999 | 304,999 | 313,832 | |||||
| Transfer from service charge advance | payment | 43,533 | 43,533 | 43,533 | ||||
| Rent charge | income | 426,345 | 426,345 | 455,528 | ||||
| Community | centre hire income | 41,317 | 41,317 | 4,679 | ||||
| Watersports | centre income | 43,293 | 43,293 | 6,644 | ||||
| Transfer from S.106watersports | advance | payment | 152,184 | |||||
| 859,487 | 859,487 | 976,400 |
| Unrestricted | Restricted | Total Funds | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| 2022f | 2022 | 2022f | 2021 | ||
| Sundry income |
11,010 | 11,010 | 14,025 | ||
| Licence fee | income | 831,600 | 831,600 | ||
| Grant from | Living River Foundation | 1,815 | |||
| Grant from | Sport England | 50,000 | |||
| Coronavirus | Business Support Grants | 16,000 | 16,000 | 40,386 | |
| Coronavirus | Job Support Scheme | 5,851 | 5,851 | 27,614 | |
| 864,461 | 864,461 | 133,840 |
| Unrestricted | Restricted | Total Funds | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | ||
| E | E | E | E | ||
| Dowry fund | 13,362 | 13,362 | 16,810 | ||
| Pembroke | fund | 6,044 | 6,044 | 7,388 | |
| Restricted | fund | 2,674 | 2,674 | 1,813 | |
| 19,406 | 2,674 | 22,080 | 25,811 |
| Unrestricted | Restricted | Total Funds | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | ||
| E | E | E | |||
| Community St Mary's |
Fund expenditure Island Youth Club sponsorship |
4,540 2,425 |
4,540 2,425 |
19,716 3,203 |
|
| 6,965 | 6,965 | 22,919 |
| 8. AN |
ALYSIS O | F EXPENDITURE | ON CHARITA | BLE ACTIVITIES | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Note | E | E | |||||
| Activities undertaken Support costs Grants to institutions |
directly | 9 10 7 |
751,420 1,238,793 6,965 |
164,092 9,033 |
915,512 1,247,826 6,965 |
890,020 581,819 22,919 |
|
| 1,997,178 | 173,125 | 2,170,303 | 1,494,758 |
| 9. DIRECT CO |
STS | ||||
|---|---|---|---|---|---|
| Activities | Total | Total | |||
| undertaken | |||||
| directly | |||||
| 2022 | 2022 | 2021 | |||
| 6 | 6 | ||||
| Rent charge expenditure | 302,033 | 302,033 | 264,020 | ||
| Service charge expenditure | 235,024 | 235,024 | 244,515 | ||
| Public areas expenditure | 283,328 | 283,328 | 325,005 | ||
| Community centre |
expenditure | 70,569 | 70,569 | 51,234 | |
| Watersports centre |
expenditure | 24,558 | 24,558 | 5,246 | |
| 915,512 | 915,512 | 890,020 | |||
| 10. SUPPORT |
COSTS | ||||
| Support | Total | Total | |||
| costs | |||||
| 2022 6 |
2022 6 |
2021f | |||
| Administration expenses |
92,634 | 92,634 | 81,510 | ||
| Legal and professional | 17,376 | 17,376 | 22,512 | ||
| Irrecoverable )/AT |
(6,175) | ||||
| Community centre |
4,416 | 4,416 | 1,235 | ||
| Trustee costs | 1,565 | 1,565 | 2,021 | ||
| Auditors remuneration |
15,598 | 15,598 | 9,500 | ||
| Wages and salaries | 351,559 | 351,559 | 363,179 | ||
| National insurance |
contributions | 32,865 | 32,865 | 32,337 | |
| Pension costs | 17,115 | 17,115 | 17,558 | ||
| Death in service scheme | 3,251 | 3,251 | 3,631 | ||
| Leviathan Way/Maritime |
Way dues | 652,197 | 652,197 | ||
| Depreciation | 59,250 | 59,250 | 54,595 | ||
| Profit on disposal offixed | assets | (83) | |||
| 1,247,826 | 1,247,826 | 581,820 |
| Staff | Depreciation | Other | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| costs | costs | |||||||||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||||||
| K | K | 5 | 5 | |||||||
| Investment | management | fees | 22,080 | 22,080 | 25,811 | |||||
| Costs of | generating | funds | 22,080 | 22,080 | 25,811 | |||||
| Charitable | activities: | |||||||||
| Activities | undertaken | directly | 915,512 | 915,512 | 890,020 | |||||
| Support costs | 401,538 | 59,250 | 787,038 | 1,247,826 | 581,819 | |||||
| Grants to | institutions | 6,965 | 6,965 | 22,919 | ||||||
| Subtotal charitable | activities | 401,538 | 59,250 | 1,709,515 | 2,170,303 | 1,494,758 | ||||
| 401,538 | 59,250 | 1,731,594 | 2,192,383 | 1,520,569 |
| 12. ANA |
LYSIS OF EXPENDITU | RE BYACTIVITIES | ||||
|---|---|---|---|---|---|---|
| Activities | Support | Grants to | Total | Total | ||
| undertaken | Costs | institutions | ||||
| directly | ||||||
| 2022 | 2022 | 2022 E |
2022 6 |
2021f | ||
| Rent charge | expenditure | 302,033 | 212,922 | 514,954 | 465,812 | |
| Service charge expenditure | 235,024 | 135,157 | 370,181 | 374,861 | ||
| Public areas | expenditure | 283,328 | 129,490 | 4,540 | 417,359 | 468,284 |
| Community | centre expenditure | 70,569 | 60,647 | 2,425 | 133,641 | 117,068 |
| Watersports | centre expenditure | 24,558 | 57,413 | 81,971 | 67,333 | |
| 915,512 | 595,629 | 6,965 | 1,518,106 | 1,493,358 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| f | |||||
| This is stated after charging: | |||||
| Depreciation oftangible |
fixed assets | '73,196 | 54,595 | ||
| Auditors' | remuneration | 15,598 | 9,500 | ||
| Auditors' | remuneration | - non-audit | services | 6,080 | |
| Pension | costs | 17,115 | 17,558 |
| Paid | |||||
|---|---|---|---|---|---|
| Reimbursed to Trustees |
Directly to 3" |
Total | Total | ||
| parties | |||||
| 2022 E |
2022f | 2022 E |
2021 f |
||
| Travel expenses | (1 Trustee; 2021:0Trustee) | 92 | 92 | ||
| Accommodation | costs (1 Trustee; 2020:0Trustee) | 8 | 8 | ||
| 100 | 100 |
| 19. INVESTMENT PROPERTY |
||
|---|---|---|
| 2022 | 2021 | |
| 6 | 5 | |
| Valuation | ||
| At 1 April | 2,052,000 | 1,900,000 |
| Surplus on revaluation |
164,160 | 152,000 |
| At 31 March | 2,216,160 | 2,052,000 |
| Fixed asset investments at market value |
comprise: | ||
|---|---|---|---|
| Global Equities |
2022 | 2021 | |
| Market value | |||
| Dowry Fund | 15,115,266 | 15,115,266 | 13,799,347 |
| Pembroke Fund |
6,643,564 | 6,643,564 | 6,406,300 |
| Restricted Fund |
2,916,508 | 2,916,508 | 2,606,706 |
| Total market value | 24,675,338 | 24,675,338 | 23,012,353 |
| Historical cost | |||
| Dowry Fund | 11,967,212 | 11,967,212 | 11,146,828 |
| Pembroke Fund |
5,092,969 | 5,092,969 | 5,090,606 |
| Restricted Fund |
2,399,131 | 2,399,131 | 2,394,322 |
| Total historical cost | 19,459,312 | 19,459,312 | 18,631,756 |
| DOWRY FUND | |||||
|---|---|---|---|---|---|
| Capital | Income | Total | Total | ||
| Account | Account | 2022 | 2021 | ||
| E | E | E | |||
| Market value | |||||
| At 1 April | 13,797,065 | 2,282 | 13,799,347 | 12,803,917 | |
| Additions/Transfers | in | 822,414 | 550,760 | 1,373,174 | 777,628 |
| Disposals/Transfers | out | (16,739) | (539,880) | (556,619) | (2,010,701) |
| Revaluations | 499,363 | 499,363 | 2,228,503 | ||
| At 31 March | 15,102,104 | 13,162 | 15,115,266 | 13,799,347 | |
| Historical cost | 11,954,050 | 13,162 | 11,967,212 | 11,146,828 | |
| PEMBROKE FUND | |||||
| Capital | Income | Total | Total | ||
| Account | Account | 2022 | 2021 | ||
| Market value | |||||
| At 1 April | 6,405,693 | 60'7 | 6,406,300 | 5,275,774 | |
| Additions/Transfers | in | 254,956 | 254,956 | 224,820 | |
| Disposals/Transfers | out | (6,633) | (247,478) | (254,111) | (166,396) |
| Revaluations | 236,419 | 236,419 | 1,072,102 | ||
| At 31 March | 6,635,479 | 8,085 | 6,643,564 | 6,406,300 | |
| Historical cost | 5,084,884 | 8,085 | 5,092,969 | 5,090,606 | |
| RESTRICTED FUND | |||||
| Capital | Income | Total | Total | ||
| Account | Account | 2022 | 2021 | ||
| E | E | E | |||
| Market value | |||||
| At 1 April | 2,806,103 | 603 | 2,806,706 | ||
| Additions/Transfers | in | 72,168 | 72,168 | 2,421,717 | |
| Disposals/Transfers | out | (2,175) | (65,000) | (67,175) | (27,444) |
| Revaluations | 104,809 | 104,809 | 412,433 | ||
| At 31 March | 2,908,737 | 7,771 | 2,916,508 | 2,806,706 | |
| Historical cost | 2,391,360 | 7,771 | 2,399,131 | 2,394,322 |
| 21. DEBTORS |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade debtors | 542,866 | 629,851 | ||
| Other debtors | 996 | |||
| Prepayments and accrued |
income | 198,486 | 178,763 | |
| 741,352 | 809,610 | |||
| 22. CREDITORS |
||||
| Amounts falling due within one year |
||||
| 2022 | 2021 | |||
| Trade creditors | 67,303 | 173,170 | ||
| Other taxation and | social security | 96,063 | 84,575 | |
| Other creditors | 33,571 | 21,327 | ||
| Accruals | 80,519 | 148,658 | ||
| Deferred income - |
per note | 22(a) | 606,116 | 623,377 |
| 883,573 | 1,051,107 | |||
| 2022 | 2021 | |||
| 6 | E | |||
| 22(a) Deferred |
income: | |||
| Deferred income at 1 April |
623,377 | 855,293 | ||
| Resources deferred during |
the year | 606,116 | 623,377 | |
| Amounts released |
from previous years | (623,377) | (855,293) | |
| Deferred income at 31 March |
606,116 | 623,377 |
| Amounts | falling d | ue after more than one year | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | 5 | ||||
| Deferred | income: | ||||
| Advance | payment | ofservice charges | 2,611,992 | 2,555,525 | |
| 2,611,992 | 2,655,525 | ||||
| 2022 | 2021f | ||||
| Deferred | income: | ||||
| Deferred | income at | 1 April | 2,655,525 | 2,699,058 | |
| Resources deferred | during the year | ||||
| Amounts | released | from previous years | (43,533) | (43,533) | |
| Deferred | income at | 31 March | 2,611,992 | 2,555,525 |
| Provisions | ||
|---|---|---|
| At 1 April | 2021 | |
| Additions | 652,197 | |
| Expended | in year | |
| At 31 March 2022 | 652,197 |
| Brought Incoming |
Brought Incoming |
Resources | Resources | Transfers | Transfers | Gains I | Gains I | Carried | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Forward Resources |
Expended | in/out | Losses | Forward | |||||||
| 01-Apr-21 | 31-Mar-22 | ||||||||||
| F | K | E | |||||||||
| Designated | funds | 5,696,522 | 305,908 | (139,336) | (3,110) | 265,927 | 6,125,912 | ||||
| General funds | 15,451,740 | 2,141,278 | (1,877,248) | (6,933) | 663,523 | 16,372,360 | |||||
| Unrestricted | funds | (A) | 21,148,262 | 2,447,186 | (2,016,584) | (10,043) | 929,450 | 22,498,272 | |||
| Restricted | funds (B) | 3,591,383 | 101,113 | (175,800) | 10,043 | 75,300 | 3,602,039 | ||||
| 24,739,645 | 2,548,299 | 2,192,384 | 1,004,750 | 26,100,310 | |||||||
| UNRESTRICTED FUNDS | (A) | ||||||||||
| Brought | Incoming | Resources | Transfers | Gains r | Carried | ||||||
| Forward | Resources | Expended | Losses | Forward | |||||||
| 01-Apr-21 | 31-Mar-22 | ||||||||||
| 6 | |||||||||||
| Designated | funds | ||||||||||
| Community | fund | 2,705 | (4,540) | 4,540 | 2,705 | ||||||
| Marine Infrastructure reserve |
397,009 | 26,904 | 9,560 | 433,473 | |||||||
| SMI Medium Infrastructure |
Term reserve |
828,354 | 16,587 | (7,650) | 19,948 | 857,239 | |||||
| Pembroke fund reserve |
4,227,476 | 219,126 | (52,825) | 236,419 | 4,630,196 | ||||||
| Watersports | Reserve | 240,978 | 43,292 | (81,971) | 202,299 | ||||||
| 5,696,522 | 305,908 | (139,336) | (3,110) | 265,927 | 6,125,912 | ||||||
| General funds | |||||||||||
| Dowry Fund | reserve | 14,605,378 | 1,273,531 | (877,520) | 499,363 | 15,501,052 | |||||
| Revaluation | reserve | 194,771 | 164,160 | 358,931 | |||||||
| General reserve | 651,591 | 567,447 | (999,726) | (6,933) | - | 512,377 | |||||
| 15,451,740 | 2,141,278 | (1,877,248) | (6,933) | 663,523 | 16,372,360 | ||||||
| Total Unrestricted | funds | 21,148,262 | 2,447,186 | (2,016,564) | (10,043) | 929,450 | 22,498,272 |
| 26. ANALYSIS OF NET ASSETS BETWEEN FUNDS |
26. ANALYSIS OF NET ASSETS BETWEEN FUNDS |
26. ANALYSIS OF NET ASSETS BETWEEN FUNDS |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||
| funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||
| 5 | 5 | 8 | |||
| Tangible fixed assets | 1,586,817 | 1,586,817 | 1,610,281 | ||
| Heritage assets | |||||
| Investment | properties | 2,216,160 | 2,216,160 | 2,052,000 | |
| Fixed asset investments | 21,073,300 | 3,602,039 | 24,675,339 | 23,012,353 | |
| Current assets | 1,769,758 | 1,769,758 | 1,771,643 | ||
| Creditors | due within one year | (883,573) | (883,573) | (1,051,107) | |
| Creditors | due after more than one year | (2,611,992) | (2,611,992) | (2,555,525) | |
| Provisions | for liabilities and charges | (652,197) | (652,197) | ||
| 22,490,272 | 3,602,039 | 26,100,311 | 24 739,645 |
| 27. RECONCILIA ACTIVITIES |
TI | ON OF NET |
MOVEMENT IN FUNDS TO NET C |
ASH FLOW FROM OPER | ATING |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | |||||
| Net income for the | year (as per Statement of Financial Activities) | 1,196,506 | 4,650,803 | ||
| Adjustment for: |
|||||
| Depreciation charges |
73,196 | 54,595 | |||
| (Profit)/loss on sale offixed assets |
(83) | ||||
| (Gains)/losses on |
investments | (840,591) | (3,713,038) | ||
| Decrease/(increase) | in debtors | 68,258 | 107,328 | ||
| (Decrease)/increase | in creditors | 441,130 | (322,350) | ||
| Net cash provided | by operating | activities | 938,499 | 777,255 | |
| 28. ANALYSIS OF |
CASH AND | CASH EQUIVALENTS | |||
| 2022f | 2021f | ||||
| Cash at bank and | in | hand | 1,028,406 | 962,033 | |
| Total | 1,028,406 | 962,033 |
| e minimum rentals payable under non-cancellable |
operating leases are as follows: |
|
|---|---|---|
| 2022 f |
2021 f |
|
| Within one year | 8,118 | 5,120 |
| In two to five years | 1,205 | 7,334 |
| 12,454 | 12,454 |
| Amounts | paid t | o and balances |
owing to Chatham Maritime Tr |
ust were as follows: | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 8 | |||||
| St Mary's | Island | rentcharges | 65,000 | 110,000 | |
| South Maritime | service charges | 62,979 | 55,232 | ||
| Reimbursement | of professional | fees | 3,200 | ||
| 131,179 | 165,232 | ||||
| Balance | due at | 31 March | 64,382 | 116,392 |
| Amounts | paid by and balances | owing by Chatham | Maritime | Trust were as follows: | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6 | F | |||||
| Business | rates | 5,482 | ||||
| Balance | due at 31 March | |||||
| Amounts | paid to and balances | owing to Chatham | Maritime | Trust were as follows: | ||
| 2022 | 2021 | |||||
| 6 | ||||||
| Covid-19 | Business support grants | 16,000 | 40,387 | |||
| Balance | due at 31 March |
| Amounts paid |
by and balances owed by Chatham Mariti |
me Trust were as follows: |
|
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | 6 | ||
| Administration | expenses | 1,091 | 2,300 |
| Balance due at 31 March |
| Administration expenses |
|---|
| Balance due at 31 March |
| Amounts |
paid by and balances owed by Chatham Marit |
ime Trust for those appeals are as follo | ws: |
|---|---|---|---|
| 2022 | 2021 | ||
| f | f. | ||
| Charitable | donations | 4,429 | |
| Balance due at 31 March |
| Charitable donation |
|---|
| Balance due at 31 March |
| Measured | at fair | value | through | through | net income/expenditure | 2022 | 2021 |
|---|---|---|---|---|---|---|---|
| E | E | ||||||
| Fixed asset | listed | investments | 24,675,338 | 23,012,353 | |||
| Debt instruments | measured | at | amortised cost | 2022 | 2021 | ||
| Trade debtors | 542,866 | 629,851 | |||||
| FINANCIAL | LIABILITIES | ||||||
| Measured | at amortised | cost | 2022 | 2021 | |||
| E | E | ||||||
| Trade creditors | 57,303 | 173,170 | |||||
| Other creditors | 33,571 | 21,327 | |||||
| Total | 100,874 | 194,497 |
| The income, expenses, | net | gains | and net losses attributable | and net losses attributable | and net losses attributable | to the charity's | financial | instruments | are |
|---|---|---|---|---|---|---|---|---|---|
| summarised as follows: |
|||||||||
| Income and expense | |||||||||
| 2022 | 2021 | ||||||||
| E | |||||||||
| Financial assets measured | at fair | value through | net income/expenditure | 689,087 | |||||
| 824,350 | |||||||||
| Net gains and losses | (including | changes | in fair value) | ||||||
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Financial assets measured | at fair | value through | net income/expenditure | 840,591 | 3,713,038 |
| and the Trus | t be | nefited f |
rom the following HM Government sp |
, onsored financial assistance: |
, |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | E | ||||
| Business support | grants | 16,000 | 40,387 | ||
| Cancellation | of business | rates | 2,280 | 5,242 | |
| Coronavirus | Job | Support | Scheme | 5,851 | 27,614 |
| 24,131 | 73,243 |
| 37. CONIPARATIVE STATEMENT OF FINANCIAL ACTIVITES |
37. CONIPARATIVE STATEMENT OF FINANCIAL ACTIVITES |
ENDED 31 MARCH 2021 | ENDED 31 MARCH 2021 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | ||
| 2021 | 2021 | 2021 | ||
| E | ||||
| INCOME FROM: | ||||
| Donations and legacies Investments |
620,356 | 659,007 68,731 |
659,007 689,087 |
|
| Charitable activities |
976,400 | 976,400 | ||
| Other income | 133,840 | 133,840 | ||
| TOTAL INCOME | 1,730,596 | 727,738 | 2,458,334 | |
| EXPENDITURE ON: | ||||
| Raising funds Other charitable activities |
23,998 1,363,546 |
1,813 131,212 |
25,811 1,494,758 |
|
| TOTAL EXPENDITURE | 1,387,544 | 133,025 | 1,520,569 | |
| NET INCOME BEFORE INVESTMENT GAINS/(LOSSES) | 343,052 | 594,713 | 937,765 | |
| Net gains/(losses) on investments |
20 | 3,452,605 | 412,433 | 3,865,038 |
| NET INCOMEI(EXPENDITURE) | BEFORETRANSFERS | |||
| 3,795,657 | 1,007,146 | 4,802,803 | ||
| Transfers between Funds |
24 | |||
| (17,304) | 17,304 | |||
| NET INCOMEI(EXPENDITURE) | ||||
| 3,778,353 | 1,024,450 | 4,802,803 | ||
| Total funds at 1 April | 17,369,909 | 2,566,933 | 19,936,842 | |
| TOTAL FUNDS AT 31 MARCH | 21,148,262 | 3,591,383 | 24,739,645 |
| 38. COMPARATI SUMMARY |
VE ST |
ATEMENT OF | FUNDS YEA | R ENDED 31 | MARCH 202 | 1 | |
|---|---|---|---|---|---|---|---|
| Brought | Incoming | Resources | Transfers | Gains / |
Carried | ||
| Forward | Resources | Expended | in/out | Losses | Forward | ||
| 01-Apr-20 | 31-Mar-21 | ||||||
| 6 | E | 6 | 6 | 6 | |||
| Designated funds General funds |
4,221,046 13,148,863 |
435,113 1,295,484 |
(197,781) (1,187,184) |
42,925 (184,464) |
1,195,219 2,379,041 |
5,696,522 15,451,740 |
|
| Unrestricted funds |
(A) | 17,369,909 | 1,730,597 | (1,384,965) | (141,539) | 3,574,260 | 21,148,262 |
| Restricted funds (B) | 2,566,933 | 727,737 | (135,604) | 141,539 | 290,778 | 3,591,383 | |
| 19,936,842 | 2,458,334 | (1,520,569) | 3,865,038 | 24,739,645 | |||
| (A) UNRESTRICTED |
FUNDS | ||||||
| Brought Forward |
Incoming Resources |
Resources Expended |
Transfers | Gains / Losses |
Carried Forward |
||
| 01-Apr-20 | 31-Mar-21 | ||||||
| 6 | f | ||||||
| Designated funds |
|||||||
| Community fund |
2,705 | (19,716) | 19,716 | 2,705 | |||
| Marine Infrastructure reserve |
332,244 | 22,350 | (296) | 42,711 | 397,009 | ||
| SMI Medium Term Infrastructure reserve |
714,380 | 10,919 | (560) | 23,209 | 80,406 | 828,354 | |
| Pembroke fund reserve |
3,071,690 | 193,015 | (109,331) | 1,072,102 | 4,227,476 | ||
| Watersports Reserve |
100,027 | 208,829 | (67,878 | 240,978 | |||
| 4,221,046 | 435,113 | 197,781 | 42,925 | 1,195,219 | 5,696,522 | ||
| General funds | |||||||
| Dowry Fund reserve | 12,389,994 | 385,889 | (273,311) | (124,235) | 2,227,041 | 14,605,378 | |
| Revaluation reserve |
42,771 | 152,000 | 194,771 | ||||
| Profit &Loss A/c | 716,098 | 909,595 | 913,873 | 60,229 | 651,591 | ||
| 13,148,863 | 1,295,484 | (1,187,184 | 184,464 | 2,379,041 | 15,451,740 | ||
| Total Unrestricted funds |
17,369,909 | 1,730,597 | (1,384,965) | (141,539) | 3,574,260 | 21,148,262 |
| 38. COMPARATIVE (6) RESTRICTED |
STATEME FUNDS |
NT OF FUND | S YEAR ENDE | D 31 MARCH | 2021 (conti | 2021 (conti | nued) | |
|---|---|---|---|---|---|---|---|---|
| Brought Forward |
Incoming Resources |
Resources Expended |
T f ransfers |
Gains I (Losses) |
Carried Forward |
|||
| 31-Mar- | ||||||||
| 01-Apr-20 | 21 | |||||||
| 8 | 6 | |||||||
| Restricted funds | ||||||||
| Starfish Play Area Tadpole Play Area Community centre endowment Shark Park Play Area SOBReserve Fund |
264,689 50,375 153,894 32,128 287,896 54,800 |
7,589 1,913 4,510 1,783 2,286 |
(6,995) (4,037) (8,960) (7,943) (4,800) |
17,304 | 54,410 13,711 32,340 12,780 |
319,693 61,962 199,088 38,748 290,182 50,000 |
||
| Leviathan Way/ Western Ave Landscaping Reserve Island Way Loop Road fund Sector 3 Landscaping Reserve Sector 5 Landscaping Reserve |
1,441,926 173,473 21,545 86,207 |
42,054 5,067 852 661,683 |
(68,879) (7,755) (1,583) (24,652) |
124,235 | 17,218 2,129 7,097 151,093 |
188,003 22,943 730,335 1,690,429 |
||
| Total Restricted funds | 2,566,933 | 727,737 | (135,604) | 141,539 | 290,778 | 3,591,383 |