| Page | |
|---|---|
| Report ofthe trustees | 2-4 |
| Report ofthe auditors | 5-7 |
| Statement offinancial activities | |
| Balance sheet | |
| Notes forming part ofthe financial statements | 10-13 |
| Detailed stateinent offinancial activities | 14 |
| Trustees | RHarris - Chairman | |||
|---|---|---|---|---|
| AJAskham | ||||
| Ms C Cunio | ||||
| Ms LForster | ||||
| Mrs M EWilliams | (retired | 18.08.21) | ||
| Mrs KVowles (appointed | 18.08.21) | |||
| Councillor JBaillie | (resigned 31.05.22) | |||
| Councillor D Paffey (appointed 01.06.22) | ||||
| Charity No | 1079137 | |||
| Clerk to the | trustees | D A Hoare F,C.A. | ||
| Principal office | Ashton House | |||
| 12The Precinct | ||||
| Winchester Road | ||||
| Chandlers Ford |
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| Eastleigh SO53 2GB | ||||
| Accountants | Secretarial Law Ltd | |||
| Ashton House | ||||
| 12The Precinct | ||||
| Winchester Road | ||||
| Chandlers Ford |
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| Eastleigh SO53 2GB | ||||
| Auditors | Westlake Clark Audit LLP | |||
| 7Lynwood Court |
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| Priestlands Place |
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| Lymington SO41 9GA |
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| Bankers | Lloyds Bank pic | |||
| Above Bar Street | ||||
| Southampton SO147DT |
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| Solicitors | Abels | |||
| 6College Place | ||||
| London Road | ||||
| Southampton SO152XL |
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| Investment | managers | Rathbones | ||
| Fiennes House | ||||
| 32Southgate Street |
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| Winchester SO23 9EH |
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Funds |
Total | ||||||||||
| Note | Capital | Income | Total | Funds | |||||||
| Income and Endowments | from: | g | |||||||||
| 2 | Investments | 29793 | ~29793 | ~42 398 | |||||||
| Total income | ~29793 | ~29793 | ~42 398 | ||||||||
| Expenditure on: |
|||||||||||
| 3 4 |
Raising funds Charitable activities |
( | 3,003) | ( 6,927) (~30 940 |
( ( |
9,930) 30940) |
( 9,089) ~21394) |
||||
| Total expenditure | (~3003) | ~37867) | (~40870) | 30483 | |||||||
| 7 | Net gains on investments | 7884 | ~7884 | 62 313 | |||||||
| Net movement in funds |
4,881 | ( | 8,074) | ( | 3,193) | 74428 | |||||
| Reconciliation offunds | |||||||||||
| Total funds brought | forward | 747,372 | 103,310 | 850,682 | 776,454 | ||||||
| 11 | Total funds carried forward | 752753 | 95,236 | 847,489 | 850,682 |
| Balance S | heet as at 31stMarch 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Notes | ||||||
| Fixed assets | ||||||
| 6 | Investment | property | 415,625 | 415,625 | ||
| 7 | Investments | ~366355 | ~360861 | |||
| 781,980 | ~776486 | |||||
| Current | assets | |||||
| 8 | Debtors Cash at bank |
2,450 ~79351 |
2,092 89236 |
|||
| 81,801 | 91,328 | |||||
| Current | liabilities: | |||||
| 9 | Creditors | ~16292 | ~17132 | |||
| Net current | assets | 65,509 | 74,196 | |||
| 10 | Total net | assets | 847,489 | 850,682 | ||
| Funds | ||||||
| 11 | Unresuicted | capital | 752,253 | 747372 | ||
| 11 | Unrestricted | income | 95,236 | 103,310 | ||
| 847,489 | 850,682 |
| less repa method. |
yments. The |
fin | anci | ng charge to expenditure is at a cons |
tant rate calcul | ated using the eff |
'ective interest |
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Investment | income | ||||||
| Rents receivable | 15,148 | 29,104 | |||||
| Dividends —equities | 12,526 | 10,260 | |||||
| Interest —fixed interest securities | 2 119 | 3 D34 | |||||
| 29793 | 42 398 | ||||||
| Expenditure | on raising | funds | |||||
| Stock market | investments: | ||||||
| Investment | management | fees | 3,003 | 2,823 | |||
| Property costs: | |||||||
| Rates | 2,994 | 3,956 | |||||
| Insurance | 76 | 1,158 | |||||
| Occupancy | ( | 500) | 693 | ||||
| Professional | fees | 3,618 | 350 | ||||
| VAT paid | 739 | 109 | |||||
| 9 93D | 9089 | ||||||
| Expenditure | on charitable | activities | |||||
| Grants paid and authorised: | |||||||
| Grants under 81,000benefitting | 438(2021:167)chi1dren: | 20,852 | 12,207 | ||||
| Governance | and support | costs | 10088 | 9 187 | |||
| 3~940 | 21,394 |
| Governance and support costs |
Governance and support costs |
||
|---|---|---|---|
| Audit fee | 1,391 | 1,262 | |
| Accountancy &administration | 6,757 | 6,183 | |
| Trustees indemnity | insurance | 296 | 263 |
| Postage/mileage | 88 | 59 | |
| VAT paid | 1336 | 1420 | |
| 10088 | 9 187 |
| Trustees remuneration | |||
|---|---|---|---|
| The trustees received no remunemtion | (2021:fNil) and were not reimbursed | for any expenses in the year (2021:fNil). | |
| Investment property |
2022 | 2021 | |
| Investment property: 2,4&6London |
Road, Southampton | ||
| Valuation at 1stApril 2021 |
415 625 | 415 625 | |
| Valuation at 31stMarch 2022 |
415 625 | 415625 | |
| The investment property has been valued by the trustees at open market value |
for existing use. | ||
| Fixed asset investments —listed investments |
|||
| Market value at 1stApril 2021 | 360,861 | 298,422 | |
| Acquisitions at cost and cost adjustment |
150,916 | 126 | |
| Proceeds Irom disposals | ( 153,306) |
||
| Gains in the year | 7 884 | 62313 | |
| Market value at 31stMarch 2022 | 366 355 | 360861 | |
| Investments at market value comprised:- |
|||
| UK equities | 366,355 | 307,547 | |
| Overseas securities fixed interest | 53314 | ||
| Historicalcostat31stMarch2022 | 366355 | 360 861 |
| 8. | Debtors | ||||
|---|---|---|---|---|---|
| Prepayments | and | accrued income | 2450 | 2,092 | |
| 9. | Creditors | ||||
| Other creditors | 30 | 30 | |||
| Grants approved | but not paid | 3,407 | 3,103 | ||
| Accruals and | deferred income | 12 855 | 13 999 | ||
| 16292 | 17 132 |
| Notes formin art ofthe financial s |
Notes formin art ofthe financial s |
tatements for the ear |
tatements for the ear |
ended 31st | ended 31st | Marc | h 202 | 2 | |
|---|---|---|---|---|---|---|---|---|---|
| 10. | Analysis oftotal net assets by fund | Unrestricted | Unrestricted | ||||||
| capital | income | Total | |||||||
| Fixed assets - investment | property | 415,625 | 415,625 | ||||||
| - investments | 366,355 | 366,355 | |||||||
| Net current assets | 29 7273 | 95 | 36 | 65 589 | |||||
| 752 253 | ~95 | 36 | 847 489 | ||||||
| Unrestricted | Unrestricted | ||||||||
| capital | income | Total | |||||||
| 11. | Outline summary of |
fund movements | f, | f, | |||||
| Fund balances brought forward |
747,372 | 103,310 | 850,682 | ||||||
| Incoming resources |
29,793 | 29,793 | |||||||
| Outgoing resources |
( | 3,003) | ( | 37,867) | ( | 40,870) | |||
| Gains and losses | 7 884 | 7 884 | |||||||
| Fund balances carried forward | 752253 | ~95 | 36 | 847489 |