2022-03-31-accounts - Malt Cross Trust Company

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Contents
		Pages
Legal and Administrative Information
Trustees' annual report including	directors report
Independent Auditor's report		8-10
Statement of Financial Activities		11-12
Balance Sheet
Notes forming part ofthe Financial Statements		14-21

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
Income:			Note	2022	2022	2022	2021
							F
Income from donations and		gifts:
Grants and donations				63,492	28,881	92,373	129,963
Income from charitable activities:
Rent receivable				60,209	2,400	62,609	50,807
Investment income							21
Total income				123,701	31,281	154,982	180,791
Expenditure on."
Cost ofraising funds:
Raising funds							(220)
Expenditure on charitable	activities:
Charitable	activities
Total expenditure
Net (expenditure)/income transfers		before		(42,625)	(5,115)	(4/,740)	11,337
Transfers between funds
Net movement in funds	for the year			(42,625)	(5,115)	(47,740)	11337
Reconciliation offunds:
Total funds brought forward:				995,414	45,804	1,041,218	1,029,881
Total funds carried forward				952,789	40,889	993,478	1,041 218

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
Income:			Note	2021	2021	2021	2020
					E
Income from donations and		gifts:
Grants and donations				124,951	5,012	129,963	53,769
Gift aid donations	from subsidiary
Income from charitable activities:
Rent receivable				13,656	37,151	50,807	104,943
Arts							650
Investment income				21		21	9
Otherincome							40
Total income				138,628	42,163	180,791	159,411
Expenditure on".
Cost ofraising funds:
Raising funds				(220)		(220)	(515)
Expenditure on charitable	activities:
Charitable	activities			(127,422)	(41,812)	(169,234)	(206,770)
Governance		costs
Total expenditure
Net (expenditure)/income transfers		before		10,986	351	11,337	(47,874)
Transfers between funds
Net movement in funds for the year				10,986	351	11337	(47,874)
Reconciliation offunds:
Total funds brought forward:				984,428	45,453	1,029,881	1,077,755
Total funds carried forward			12	995,414	45,804	1,041,218	1,029,881

BALANCE SHEET
AS AT 31 MARCH 2022
	Notes		2022		2021
			F		F
Fixed assets
Tangible assets		1,431,645		1,456,740
			1,431,645		1,456,740
Current assets
Debtors		146,614		95,646
Cash at bank		29,375		47,609
Total current assets		175,989		143,255
Creditors
Amounts due within one year		306,843		254,885
Net current assets			130,854		111,630
Total assets less current			1,300,791		1,345,110
liabilities
Creditors
Amounts due after more than one	9		(307,313)		(303,892)
year
Net assets			993,478		1,041,218
The funds ofthe charity:
Unrestricted revenue			952,789		995,414
Restricted funds			40,689		45,804
Total charity funds	15		993,478		1,041,218

The charity is exempt from corporation tax on its cha Staff Costs	ritable activities.
	2022	2021
		E
Wages and salaries	35,704	35,066
Social security costs	1,643	1,892
Pension	669	972
	38,016	37,930

The grants and donations receiv	ed in the year were as follows:
RESTRICTED FUNDS		2022	2021
Street Pastors (City)
Nottinghamshire Police		17,788
Oasis Christian Centre		1,200	1,200
Community ofThe Holy Cross		235	500
St Luke's Parochial Church	Council	1,600	1,800
Parochial Church			750
East Bridgford W.l			50
Queensbury Baptist Church			170
Individuals and Other		8,058	542
Total restricted funds		28,881	5,012
UNRESTRICTED FUNDS		2022	2021
			E
General
GT LittleFair Trust			500
JN Derbyshire Trust		4,000
FH Charitable Trust			300
Coronavirus Job Retention	Scheme Grant	2,131	16,910
Covid-19 Business Support	Grant	24,300	55,593
Heritage Lottery Fund Grant		9,964	49,000
Individuals and Other		23,097	2,649
Total unrestricted funds		63,492	124,951

5	RESOURCES EXPE	NDED ON C	HARITAB	LE ACTIVITIES
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2022	2022	2022	2021
							E
	Expenditure by area:
	Street pastors —City and Safe Space				39,396	36,396	40,732
	Heritage Lottery	project					1,080
	Support costs			118,926		108,926	78,486
	Depreciation			57,400		57,400	48,936
	Total expenditure	on charitable
	activities			166,326	39,396	202,722	169,234
6	TANGIBLE FIXEDASSETS
					Fixtures
			Freehold	Long	and	Computer
			property	leasehold	fittings	equipment	Totals
					E
	COST OR VALUATION
	At 1 April 2021		1,434,485	131,052	223,881	8,463	1,797,881
	Additions				32,304		32,304
	Disposals
	At 31 March 2022		1„434,485	131,052	256,185	8,463	1,830,185
	DEPRECIATION
	At 1 April 2021		168,062	19,028	146,?72	?,278	341,140
	Charge for year		28,312	2,619	25,757	712	57,400
	Eliminated on disposal
	At 31 March 2022		196,374	21,647	172,529	7,990	398,540
	NET BOOK VALUE
	At 31 March 2022		1,238,111	109,405	83,656	473	1431,645
	At 31 March 2021		1,266,423	112024	?7,108	1,185	1,456 240

Cost or valuatio	n at 31 M	arch 2022	i	s represented	by:
						Fixtures
			Freehold		Long	and	Computer
				property f	leasehold	fittings	equipment	Totals f
Valuation Valuation	in 2005 adjustment	in 2010	(968,110) (259,980)		50,021			(968,110) (209,959)
Valuation	adjustment	in 2013	(195,249)		(54,751)			(250,000)
Cost		2,857,824			135,782	256,185	8,463	3,255,781
		1,434,485			131,052	256,185	8,463	1,830,185
DEBTORS
							2022	2021
Trade Debtor							828	362
Prepay ments							4,160	597
Other debtors							9,756	26,417
Amounts due from group		undertakings					131,870	68,270
							146„614	95,646
CREDITORS:	Amounts	falling due		within one	year
							2022	2021
								F
Amounts owed	to group undertakings						286,286	183,288
Bank Loans
Trade creditors							733	31,404
Taxation and social security							245	531
Accruals							13,295
Other creditors							6,285	39,662
							306,843	254,885