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||Page|
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|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|
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|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|||
|||Eastleigh SO53 2GB|||
|Accountants||Secretarial Law Ltd|||
|||Ashton House|||
|||12The Precinct|||
|||Winchester Road|||
|||Chandlers
Ford|||
|||Eastleigh SO53 2GB|||
|Auditors||Westlake Clark Audit LLP|||
|||7Lynwood
Court|||
|||Priestlands
Place|||
|||Lymington
SO41 9GA|||
|Bankers||Lloyds Bank pic|||
|||Above Bar Street|||
|||Southampton
SO147DT|||
|Solicitors||Abels|||
|||6College Place|||
|||London Road|||
|||Southampton
SO152XL|||
|Investment|managers|Rathbones|||
|||Fiennes House|||
|||32Southgate
Street|||
|||Winchester
SO23 9EH|||
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||||||||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|
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||||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|
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|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|
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|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|
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||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|
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