2022-03-31-accounts - Corfe Castle Charity

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					Page
Reference and administrative		details ofthe Charity,		its Trustees and advisers
Trustees' report					2-3
Independent auditor's	report				4-6
Statement offinancial	activities
Balance sheet
Notes to the financial	statements				9-19
The following pages do not form		part ofthe statutory accounts:
Detailed income and expenditure			account		20

				Unrestricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds
							as restated
			Note			2022f	2021f
INCOME FROM:
Donations and legacies				300		300	300
Investments				119,647		119,647	104,610
Charitable activities				182,556		182,556	177,763
Other				50		50
TOTAL INCOME				302,553		302,553	282,673
EXPENDITURE ON:
Raising funds				28,408		28,408	16,463
Charitable activities				221,012	2,410	223,422	209,909
TOTAL EXPENDITURE				249,420	2,410	251,830	226,372
NET INCOME / (EXPENDITURE)				53,133	(2,410)	50,723	56,301
NET GAINS/(LOSSES)	ON INVESTMENTS
Unrealised Gains and losses on revaluation		of
Investment properties			13	(285,388)	(169,784)	(455,172)	60,270
Investments			14	47,851	14,944	62,795	118,042
TOTAL EAINSILLOSSESL ON INVESTMENTS				~237,537	~254 543	~332 377	77II,312
NET MOVEMENT IN FUNDS FOR THE YEAR				(184,404)	(157,250)	(341,654)	234,613
Total funds at 1 April 2021 (as restated)			24	2,998,315	1,704,888	4,703,203	4,468,590
TOTAL FUNDS AT 31 MARCH 2022			18	f2,813,911	f1,547,638	f4,361,549	f4,703,203

			BALANCE SHEET
			AS AT 31 MARCH 2022
						2021
		Note		2022 5		as restatedf
FIXEDASSETS
Tangible assets Investment properties Other Investments		12 13 14		1,570,920 1,851,000 828,696		1,592,662 2,289,270 655,901
				4,250,616		4,537,833
OTHER NON CURRENT ASSETS
Loans to individuals Prepayments and	accrued income	16 16		10,723 14,027		15,235 14,170
CURRENT ASSETS				24,750		29,405
Stock		15	2,425		2,448
Debtors Cash at bank and	in hand	16	34,429 94,947		25,612 140,542
			131,801		168,602
LIABILITIES
Creditors: amounts	falling due within o	17	45,618		32,637
NET CURRENT ASSETS				86,183		135,965
NET ASSETS				34,3 4,54		64,703,203
THE FUNDS OF THE CHARITY
Endowmentfunds Unrestricted funds		18 18		1,547,638 2,813,911		1,704,888 2,998,315
TOTAL CHARITY FUNDS				64,361,549		34 233,233

Freehold	Land	0'/o	not deprecis ¹¹	not deprecis ¹¹
Freehold	Buildings	2'/o	straight	line
Fixtures	& Fittings	20O/0	straight	line
Housing	Equipment	10'/0	straight	line

INCOME FROM DONATIONS	INCOME FROM DONATIONS	INCOME FROM DONATIONS	INCOME FROM DONATIONS	Unrestricted	Funds
				2022		2021
				8		f
Donations				f300		6300
INCOME FROM INVESTMENTS				Unrestricted	Funds
						2021
				2022	as restated
				f		8
Rent from investment		properties		105,254	92,078
Income from listed investments				14,392	12,530
Interest receivable				1		2
				6110641	6104	610
				0
INCOME FROM CHARITABLE ACTIVITIES				Unrestricted	Funds
				2022		2021
				8		E
Maintenance	contributions		from almshouses	76,994	73,441
Rents from	affordable	housing		105,562	104,322
				8182,556	8177,763
OTHER INCOME				Unrestricted	Funds
				2022		2021f
Book sales	and associated		donations	50
				50

EXPENDITURE ON RAISING	EXPENDITURE ON RAISING	EXPENDITURE ON RAISING	EXPENDITURE ON RAISING	FUNDS				Unrestricted	Funds
								2022f	2021f
Investment	properties'		expenses					17,095	9,912
Letting agents'		fees						8,335	5,843
Legal fees								2,221
Staff costs								734	708
Book printing		and associated		costs (adjusted	for	stock)		23
								f28,408	f16,463
EXPENDITURE ON CHARITABLE ACTIVITIES
2022					Direct costs			Support	Total
				Other direct		Staff	Depreciation	costs
				costs		costs	and disposals	(Note 8)
				f				f	2022f
Grants and	gifts (Note		11)	29,533				13,093	42,626
Almshouses				44,733		10,275	15,026	13,093	83,127
Affordable	Housing			52,365		3,670	28,540	13,094	97,669
				E126631		E13 945	E43 566	739269	f223 422
2021					Direct costs			Support
				Other direct		Staff	Depreciation	costs	Total
				costs		costs	and disposals	(Note 8)	(as restated)
							(as restated)f	f	2021f
Grants and	gifts (Note		11)	24,921				10,608	35,529
Almshouses				50,613		9,903	19,290	9,387	89,193
Affordable	Housing			41,342		3537	28,481	10,606	83,966
				f116,876		f13,440	f47,771	f'30,601	f208,688

from unrestricted fu	nd	s and f2,410 (2021;f2,410as restated	) was expenditure from endowment	funds.
SUPPORT COSTS			Unrestricted	Funds
			2022	2021
GOVERNANCE COSTS			f
Accountancy fees:
Audit			3,563	3,489
Accounts	preparation		2,734	2,654
Payroll and		auto-enrolment	687	690
Vat Returns		and assistance	1,676	1,527
Insurance			2,247	877
Staff costs			5,729	5,634
Professional fees			5,406
			22,042	14,871
OTHER SUPPORT	COSTS
Staff costs			17,188	16,901
Office expenses			50	50
Total			f39,280	f31,822

GRANTS AND GIFTS			Total	Total
			2022f	2021f
To individuals			28,333	20,344
To institutions			1,200	4,577
			529 533	524 921
Grants to Individuals	Number	Total	Number	Total
	ofgrants	2022f	ofgrants	2021f
General grants	37	8,825	34	(8,791)
Educational grants	11	19,508	11	15,154
	49	5211333	45	56363

Grants	to	Institutions	Number	Total	Number	Total
			ofgrants	2022f	of grants	2021f
				F1,200		f4,577

TANGIBLE FIXED ASSETS
		Freehold	Furniture
		land and	tittlngs	and	Housing
		buUdlngs	equipment		equipment	Total
COST OR VALUATION		E		E	E	E
At I Apnl 2021		2,109,901	11,428		190,428	2,311,757
Additions					21,826	21,826
Dlsposals
At 31 March 2022		2,109,901			212,254	2,333,583
DEPRECIATION
At I Apnl 2021 (as previously	st.	608,990	11,152		137,947	758,089
Pnor year adjustment
At I Apnl 2021 (as restated)		589,996	11,152		137,947	719,095
Charge for ths year		29,621		276	13,671	43,568
Wrttten back on dlsposals
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
			E276		E52 481
INVESTMENT PROPERTIES						Freehold
						propeny
						E
VALUATION
At I Apnl 2021						2,289,270
AddUions at cost						18,903
RevaluaUon
At 31 March 2022

FIXEDASSET INVESTMENTS
			Charitable
			Common
			Investment
			Funds
MARKET VALUE			E
At I Apnl 2021			655,901
Additions at cost			110,000
RevalusUons			62,795
At 31 March 2022
The hlstodc cost oflixed asset investments	at 31 March 2022 was E405,481 (2021.f295,481).
STOCK
		2022f	2021f
Stock of books 'The Penny Loaves ofCorfe	Castle'

DEBTORS	DEBTORS
AMOUNTS FALLING DUE WITHIN ONE YEAR								2021
					2022			as restatedf
Trade debtors					18,251			11,488
Leans to Individuals					5,858			2,640
Prepayments and accrued income					10,320			11484
					f34,429			E25,612
AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR								2021
					2022			as restated
					E
Loans to individuals Prepsyments and accrued income					10,723 ~14027			15,235 ~14170
					E24 750			~E29405
The loans have been made an	an interest-free	basis to indtvidual	houseliolds	that have encountered	serious financial	difflculty,		and are being
repaid by monthly instalmenls.	The loans are unsecured.
Total Loans to Individuals					2022			2021
					f.			E
Balance at 1 April 2021					17,875			17,706
New loans authadssd in year					7,556			2,519
Amounts written off Amounts repaid in the parted					(3,525) ~5325
Balance at 31 March 2022					E16581			~E17875
CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR					2022		0	2021
					E			E
Rent deposits					6,071			6,439
VAT, Social security and other	taxes				3,822			3,951
Other creditors					2,059			5,277
Accrusls and deferred Income					33,666			16,875
Accruals far grants payable								95
					545 618			~E32637
Deferred income					2022			2021
					f			E
Balance at 1 Aprg 2021					11,295			7,454
Amounts released to incoming	resaurces				(11,295)			(7,454)
Amounts deferred in the period BaNnce at 31 March 2022					16538 ~f16538			11,295 El 1 295
Deferred income comprises ths	portion of rent that relates to periods after the			balance sheet date.
Accruais for grants payable					2022 E			2021f
Grant commitments recognised	as at 1 Apnl 2021				95			8,400
New grant commitments charged to the SOFA in Grants paid during the year		year			29,628 ~29723			24,921 ~33,226
Grant commitments recognised	as at 31 March 2022							E95

2022			Brought	Income	Expenditure	Gains/	Carried
			Forward			(Losses)	Forward
			as restatedf
ENDOWII/IENT	FUNDS
Endowed Funds			1,704,888		(2,410)	(154,840)	1,547,638
UNRESTRICTED FUNDS
General Fund			1,970,805	302,553	(230,165)	(237,537)	1,805,656
Designated Property		Fund	1,027,510		(19,255)	-	1,008,255
			2,998,315	302,553	(249,420)	(237,537)	2,813,911
TOTAL FUNDS			f4,703,203	f302,553	f(251,830)	(392,377)	f4,361,549
2021			Brought	Income	Expenditure	Gains/	Carried
			Forward			(Losses)	Forward
			as restatedf	as restated f	as restated		as restatedf
ENDOWMENT Endowed Funds	FUNDS		1,664,837		2410	42,461	I70411611,
UNRESTRICTED FUNDS
General Fund			1,756,988	282,673	(204,707)	135,851	1,970,805
Designated Property		Fund	1,046,765		(19,255)	-	1,027,510
			2,803753	282,673	~223 962	135,851	2,998,315
TOTAL FUNDS			24 468 590	f282 673	977226 372	2178312	84 703203

			Unrestricted	Endowment	Total
			Funds	Funds	Funds
2022			2022	2022	2022
			6		6
Tangible	fixed assets		1,366,648	204,272	1,570,920
Investment		properties	694,965	1,156,035	1,851,000
Fixed asset		investments	641,365	187,331	828,696
Debtors	due	in more than one year	24,750		24,750
Stock			2,425		2,425
Debtors	due	in less than one year	34,429		34,429
Cash at	bank and in hand		94,947		94,947
Liabilities			(45,618)		(45,618)
			62,813,911	61,547,638	64,361,549
			Unrestricted	Endowment	Total
			Funds	Funds	Funds
			as restated		as restated
2021			2021f	2021	2021 6
Tangible	fixed assets		1,385,980	206,682	1,592,662
Investment properties			963,451	1,325,819	2,289,270
Fixed asset		investments	483,514	172,387	655,901
Debtors	due	in more than one year	29,405		29,405
Stock			2,448		2,448
Debtors	due	in less than one year	25,612		25,612
Cash at	bank and in hand		140,542		140,542
Liabilities			(32,637)		(32,637)
			E2 998315	61 704 888	64 703203

						2022f	2021
Due	in	not	later	than	one year	63,000	42,500
Due	in	later	than	one	year and not later than five years	202,500	170,000
Due	in	later	than	five	years	212,500	255,000
						478,000	467,500

				2021	2021
				as previously	as
				stated	restated	Difference
					E	E
Unrestricted	funds at 1 April 2020			2,728,377	2,803,753	75,376
Rent from investment properties Depreciation charge (charitable Depreciation charge (charitable		activity: Almshouses activity: Affordable	) Housing)	93,495 (19,567) (27,031)	92,078 (17,909) (27,452)	(1,417) 1,658 ~421
Unrestricted	funds at 31 March	2021		2,923,119	2,998,315	75,196
Endowment	funds at 1 April 2020			1,684,513	1,664,837	(19,676)
Depreciation	charge (charitable	activity: Almshouses)			(1,381)	(1,381)
Depreciation	charge (charitable	activity: Affordable	Housing)	(1,470)	(1,029)	441
Endowment	funds at 31 March	2021		1,725,504	1,704,888	20,616
Overall impact on funds as at 1		April 2020				55,700
Decrease in	2021 income					(1,417)
Increase in 2021 expenditure						297
Overall impact on funds as at 31 March 2021						54,580
Represented	by changes in:
Prepayments	and accrued income (due			10,067	11,484	1,417
within one	year)
Prepayments	and accrued income (due				14,170	14,170
in more than one year)
Tangible fixed assets (accumulated				(608,990)	(569,997)	38,993
depreciation	offreehold buildings)
						54,580

					Unrestricted	Endo3Nment	Total
					Funds	Funds	Funds
					as restated		as restated
				Note			2021f
INCOME FROM:
Donations and legacies Investments					300 104,610		300 104,610
Charitable activities					177,763		177,763
Other
TOTAL INCOME					282,673		282,673
EXPENDITURE ON:
Raising funds Charitable activities					16,463 207,499	2,410	16,463 209,909
TOTAL EXPENDITURE					223,962	2,410	226,372
NET INCOME / (EXPENDITURE)					58,711	(2,410)	56,301
NET GAINS/(LOSSES)	ON	INVESTMENTS
Unrealised Gains and losses on revaluation			of
Investment properties Investments				13 14	47,374 88,477	12,896 29,565	60,270 118,042
TOTAL GAINS/(LOSSES)		ON INVESTMENTS			135,851	42,461	178,312
NET MOVEMENT IN FUNDS FOR THE YEAR					194,562	40,051	234,613
Total funds at 1 April 2020					2,803,753	1,664,837	4,468,590
TOTAL FUNDS AT 31	MARCH 2021			18	82 998318	71 704 888	84 703 203