2022-12-31-accounts - Whinfield Study Trust

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 6
independent Auditors' Rcport		7to10
Consolidated Statement ofFinancial	Activities	11 to 12
Consolidated Balance Sheet		13
Balance Sheet
Consolidated Statement ofCash Flovrs
Notes to the Financial Statements		16to29

				Unrestricted	Restricted	Total
				funds	fuads	2022
			Note		8
Income and Endowments		from:
Donations and legaries				568,007		568,007
Charitable activities				10,667		10,667
Other income				736,089		736089
Total income				1,314,763		1,314,763
Expenditure on:
Raising funds Charitable activities			6 7	(618,705) ~((70,890		(618,705) ~(70,098
Total expenditure				~789,603		~709603)
Net income				525,160		525,160
Net movement in funds				525,160		525,160
Reconciliation offunds
Total funds brought	forward			632,391	520,840	I,IS3,231
Total funds carried forward			16	1,157&551	520 840	1,678,391
				Uarestricted	Restricted	Total
				funds	funds	2021
			Note			f.
Income and Endowments		fronu
Donations and legacies				120,679		120,679
Charitable activities				11,000		11,000
Other income				621 742		621,742
Total income				753„421		753,421
Expenditure on:
Raising funds Charitable activities			6	(478,816) (53.397}		(478&816) ~53,39
TotaI expenditure				~532,2(3		~532213
Net income Transfers between funds				221,208 ~16,073	16073	221,208
Net movement in funds				205,135	16,073	2Z1,20&

				Unrestricted	Restricted	Total
				funds	funds	2021
			Note	g
Reconciliation	of	funds
Total funds brought		forward		427256	504,767	932,023
Total funds carried		forward	16	632,391	520,040	I 153,231

			Consolidated	Balance	Sheet as	at 31	Dece	mber 2022
								2022	2021
							Note		8
Hzed assets
Tangible assets								1,737,875	1,637,968
Current assets
Stacks							13	63,503	47,679
Debtors							14	1,924	42,402
Cash at bank snd in hand								233,628	$242$
								299,055	172,509
Creditors",%mounts Net current liabilities		falling due within		oue year			15	~35$,539 ~59,434	~65724 484,73
Net assets								1,678/91	1,153831
Funds ofthe group:
Restricted income	funds
Restricted funds								520,840	520,840
Unrestricted income		funds
Unrestricted funds								I 157,551	632,391
Total funds							]6	1,678391	1,153,231
3he Ihuuwi I 1st	onts		n ped s 11 to	29 na 4 appr	red by th	trust	s, and	authorised for I au	nQ(Si3.k
and signed on their	behalf		by:
~i.sui~h

										2022	2021
							Note
Fixed assets
Tangible assets										1,703,452	14597,991
I'nvestments										3	3
										1,703,455	1,597,994
Current assets
Debtors								14			42,402
Cash at bank	and in hand									173,330	34,808
										173,330	77,210
Creditors: Amounts		falling due within one year						15		9,262 ~30,263)
Net current	assets									182,592	66,947
Total assets	less current liabilities									1,886,047	1,664,941
Creditors: Amounts		i'ailing due atter more than			one	year			~4323,000 ~342,000
Net assets										[ 363,047	1,122,941
Funds ofthe	charity:
Restricted income funds
Restricted funds										520,840	578,212
Unrestricted	income	funds
Unrestricted funds										1,042,207	544,731
Total funds										1,563,047	1,122,943
ph 7 4 1 istutstuouuo			podssti	1429ws	pp	dhpih	Itut,	d	th	is di issuso .236ICrjdS
and signed on	their behalf by:

Consolidated Statement of	Cash Flows fo	r the Year En	ded 31Decembe	r 2022
			202?	2021
		Note		8
Cash Ilows 1'rom operating activities
Net cash income			525,160	221,208
Adjustments to cash flows from non-cash	items
Depreciation			49,701	44,054
			574,861	265,262
Working capital adjustments
(fncrease)/decrease in stocks		13	(15,824)	4,532
Decrease/(increase) in debtors (Decrease)fincrease in creditors		14 55	40,479 ~69,508	(38,529) 51,802
Net cash flows trom operating activities			529,808	283,067
Cash flows from investing activities
Purchase oftangible Gxed assets			(149,608)	(21,&68)
Cash tiows from financing activities Repayment ofloans and borrowings		55	~229,000	~233,000
Nct increase in cash and cash equivalents			151,200	28,199
Cash snd cash equivalents at 1 January			82,428	54229
Cash and cash equivalents at31December			233,628	82,428

3 Income from donations	3 Income from donations	3 Income from donations	and legacies	and legacies
					Unrestricted
					funds	Total
					General	funds
Gi's and donations					568,007	568,007
Total for 2022					568 D07	568,007
Total for 2021					120,679	120,679
4 Income from charitable			activities
					Unrestricted
					funds	Total
					General	funds
					f	f
Rental Income					10,667	1D 66'7
Total for 2022					10,667	10,667
Total for 2021					11,000	11,000
5 Income from other trading				activities
					Unrestricted
					funds	Total
					General f	funds
Trading IncoIne;
The Worming	Company	Limited			736,089	736,089
Total for2022					736,089	736,089

10 Auditors' remuneration
	2022	2021
Other fees to auditors
The auditing ofaccounts ofany associate ofthe charity	6,000	3,250
All other non-audit services		i,200
	6,000	4,450

Group
	Land and	Furniture and
	buildings	equipment	Total
	8
Cost
At I January 2022	1,891,693	102,150	1,993,843
Additions	143,143	6,465	149,608
At31December 2022	2034,$36	108,615	2,143,451
Depreciation
At I January 2022	286,338	69,537	355,875
Charge for the year	36,792	12,909	49,701
At 31December 2022	323,130	82,446	405,576
Net book value
At 31December 2022	1,711,706	26,169	1,737,875
At 31 December 2021	1,605,355	32,613	1,637,968
Charity
	Land aud	Furniture aud
	buildings	equipment	Total
	8
Cost
At I January 2022	1,876,232	8,355	1,884,587
Additions	143,145		143,145
At 31December 2022	2,019,377	8,355	2,027,732
Depreciation
At I January 2022	285,278	1,318	286,596
Charge for the year	36,276	1 408	37,685
At 31December 2022	321,554	2,726	324,281
Net book value
At 31December 2022	1,697,$23	5629	1,703,452
At 31December 2021	1,590,954	7,037	1597,991

Subsidiary
undertakings	Total
g

Undet taking		Country of incorporatioa	Proportion ofvoting rights and shares beld	Principal activity
			2022 2021
Subsidiary undertakings
Tbe Kenning	Company	United Kingdom	1pp 100%	Sale of retail goods

The profit for the financiat aggregate amount oFcapital	The profit for the financiat aggregate amount oFcapital	period ofThe Kenning Company and reserves st the end ofthe period	Limited was f117,384 (2021 - f93,491) snd wasf115,348 (2021-f30,292),	Limited was f117,384 (2021 - f93,491) snd wasf115,348 (2021-f30,292),	Limited was f117,384 (2021 - f93,491) snd wasf115,348 (2021-f30,292),	Limited was f117,384 (2021 - f93,491) snd wasf115,348 (2021-f30,292),	Limited was f117,384 (2021 - f93,491) snd wasf115,348 (2021-f30,292),	the
13Stock
				Group			Charity
			2022		2021		2022f
Stocks			63,503		47,679
149ebtors
		Group				Charity
		2022	2021		2022		2021
		f,
Trade debtors		1,924
Other debtors			42,402				42,402
		1,924	42,402				42,402
15 Creditors; amounts	falling due within oue year
		Group				Charity
		2022	2021f		2022f		2021 f,
Loans		323,000	552,000
Trade creditors		18,138	21,427		1,735		2,064
VAT grant repayable		(18,237)	2,617		(21,247)
Other creditors		21,423	68,498					(I)
Accruals		14288 35&,539	12,704 667,246	10,250 ~0,262			8200 10,263

Group
								Balance at31
			Balance	at 1	Incoming		Resources	December
			January	2022	resources		expended	2022
						8	8	8
Unrestricted		funds
General			632,391			1,314,763	(789,603)	1,157,551
Restricted	funds		520,840					520,840
Total funds			1,153,231			1,314,763 ~789,603		1,670,391
								Balance at
			Balaace at 1					31
			January	Incomiug		Resources		December
			2021	resources		expended	Transfers	2021
					f,			8
Unrestricted		fuuds
General			427,256	753,421		(532,213)	(16,073)	632,391
Restricted	funds		504,767				16,073	520,840
Total funds			932,023	753,421		~532,253)		1,153,231

Charity
					Balance st31
		Balance at 1	incoming	Resources	December
		January 2022	resources	expended	2022
					g
Unrestricted	funds
General		602,103	611,003	(i70,899)	1,042,207
Rckts4cted fuads		520,840			520,840
Total funds		1,122,943	611,003	~(570,899	1,563,047

						Balance st31
			Balance at 1	Incoming	Resources	December
			January 2021	resources	expended	2021
				f.		g
Unrestricted		funds
General			32&,949	219,749	(3,967)	544,731
Restricted	funds		578,212			578,212
Total funds			907,161	219,749	~[3,967	I,I22,943

Group
		Unrestricted	Total funds at
		funds	31December
		General	2022
Tangible fixed assets		1,737,875	1,73'l,8/5
Cwrcnt assets		299„055	299,055
Current	liabilities	(358,539)	(358,539)
Total net assets		1 678391	3,678291
		Unrestricted	Total funds at
		funds	31December
		General	2021
Tangible fixed assets		1,637,968	1,637,968
Current Current	assets liabilities	I 72,509 ~657,246&	172,509 ~657,246
Total net assets		1,153,231	1,153,231
Charity
		Unrcstl icted	Total funds at
		funds	31December
		General	2022
Tangible	fixed assets	1,703,452	1,703,452
Fixed asset invcstmcnts		3	3
Current	assets	173,330	173,330
Current Creditors	liabilities over I year	9,262 (323,000)	9,262 ~323,QM
Total net assets		1,563,047	1,563,047

N	nts for the Year Ended 31December	2022
	Unrestricted	Total funds st
	fuads	31December
	General	2021
Tangible fixed assets Fixed asset investments	1,597,991 3	1,597,991 3
Current assets Current liabilities Creditors over 1 year	77,210 (10,263) ~542,000	77,210 (10,263) ~542,000
Total net assets	1,122,94i	1,122,941