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|---|---|---|---|---|---|
|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|
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|||||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|
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|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|
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|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|
##
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##
|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|
##
##
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##
||||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|
##
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##
|||||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|
##
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||||||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|