2022-12-31-accounts - Natwest Social & Community Capital

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				Note	Unrestricted	Unrestricted
					Funds	Funds
					2022	2021
Income:
Donations and legacies					162,045	163,868
Income froni charitable	activities:
Provision ofloan finance					69,998	103,369
Income from investments					13,839	593
Total income					245,882	267,830
Expenditure:
Expenditure on Charitable		activities:
Grants						7,692
Provision ofloan finance					220,711	338,673
Total expenditure					220,711	346,365
Net' surplus/(deficit)					25,171	(78,535)
Net gains/(losses) on investnients				10	~294 tl68	434 882
Net movement in funds	during		the year		(268,897)	356,317
Reconciliation offunds
Total funds brought fonvard					11,045,811	10,689,494
Total funds carried fomvard				16	10,776,914	11,045,811

		BALANCESHEET	BALANCESHEET
FORTHE YEAR ENDED 31DECEMBER 2022
	Note		2022		2021
Fixed assets
Fixed asset investments	10		2,954,983		3,249,051
Current assets
Debtors falling due within one year	11		84,452	225,254
Debtors falling due after one year	11		726,897,	523,538
Cash at bank and in hand			7018682	7 064 668
			7,829,93 I	7,803,460
Liabilities Creditors falling duc within one year	78	~8000		~6700
Net Current Assets			7,821,931		7,796,760
Net assets			10,776,914		11,045,811
The funds ofthe Charity
Unrestricted funds	16		10,776,914		11,045,811
Total Charity funds			10,776,914		11,045,811


7.	Provision ofloan fin	ance				2022	2021
	Latent provisioning					1,205	137,894
	Insurance					1,563	1,455
	Marketing and public	relations				265	9,144
	Legal and professional	fees				7,020	11,825
	Consultancy					19,244
	Sundiy expenses					35	154
	Bank charges					140	494
	Auditors' remuneration					7,000	6,839
	Portfolio administrative	services and back office	support			27 194	12000
						63,666	179,805
	Gifts in kind —Donated bank official time					64,648	68,072
	Gifts in kind —Loan Officer and associated costs.					92 397	90796
	Provision ofloan finance					220 711	338673
8.	Analysis ofResources	Expended
			General		Governance	Total	Total
			Support		Function	2022	2021
			f
	liisul'alice		1,563			1,563	1,455
	Marketing and public relations			265		265	9,144
	Legal and professional	fees	26,264			26,264	11,825
	Sundry expenses			35		35	154
	Bank charges			140		140	494
	Agency costs						7,692
	Auditors' remuneration				7,000	7,000	6,839
	Portfolio admin seivices &back office support				27,194	27,194	12,000
			28,267		34,194	62,461	49,603
	Gitts in kind —Donated	bank official time	37,	148	27,500	64,648	68,072
	Gifts in kind —Loan Officer and associated		92,397			92,397	90,796
	costs
			157812		61 694	219506	208 471
9.	Net movement for the year					2022	2021
							f
	This is stated after charging
	Auditors' remuneration					7000	6839.

Fixed asset investments
					Programme	Mixed	Total
					related	motive	2022
					investment	investment
Cost or valuation
At I Januaty 2022 Revaluation					240,150	3,028,901 ~294 068	3,269,051 ~294 068
At 31 December 2022					240 150	2 734 833	2 974 983
Impairment
At I January 2022 and
At 31 December 2022					20 000		20000
Carrying amount
At I Janua9y 2022					220 150	3 028 901	3 249 051
At 31December 2022					220,150	2,734,833	2,954,983
Investments comprise of—					Programme	Mixed	Total
					related	motive	2022
					investment	investment
Investn0ents
The Charity Bank Limited					40,000		40,000
Black Country Reinvestment		Society Limited			20,000		20,000
East Lancashire Moneyline (IPS)Limited					40,000		40,000
Wessex Reinvestment	Society		Limited		20,000		20,000
The Ethical Property Company			Limited		15,750		15,750
Portsmouth Area Regeneration			Trust (IPS)Limited		20,000		20,000
ICOF Community Capital Limited					10,000		10,000
At% Share (Social Help	Association			for Reinvesting	20,000		20,000
in Enterprise) Limited
Derby Loans (IPS) Limited					20,000		20,000
London Rebuilding Society Limited					20,000		20,000
East End Fair Finance	Limited				20,000		.20,000
Equity Investments
COIF Charity Funds						2,000,000	2,000,000
Total investments					245,750	2,000,000	2,245,750
Provision for Gain I(Impairment)					~25 600	734 833	709233
Net book value at 31December 2022					220 150	2 734 833	2 954 903

Debtors
		2022	2021
		f	f
Loan portfolio		1,395,151	1,648,995
Latent provisioning		(594,260)	(920,250)
Accmed loan interest and fees receivable		8 414	18282
		809,305	747,027
Accnted bank interest receivable		1,782	1,513
Prepayments		262	252
		811349	748 792
		2022	2021
Amounts falling due after more than one year and included	in debtors	726,897	523,538
Summary ofcapital element ofloan portfolio
		2022f	2021f
Balance at I January 2022		747,047	1,249,737
New loans during the year		496,942	115,000
Interest and fees charged		69,998	103,369
Capital, interest and fee repayments Latent provisioning		(503,477) ~1205	(583,185) ~137894
Balance at 31 December 2022		809 305	747 027

Creditors: amounts falling due within one yea	r
	2022f		2021 f
Trade creditors			1,000
Accruals		8 000	5 700
		8 000	6 700

The balance o follows;	ff10,776,91	4(2021 f.1 1,045,81	1)on the unrest	ricted fund at the	balance sheet dat	e was held as
					2022	2021f
Investments					2,954,983	3,249,051
Loan portfolio					809,305	747,027
Cash at bank					7,018,582	7,054,668
Other debtors Other creditors					2,044 ~8000	1,765 ~6700
					10 776 914	11045 811
		Balance				Balance
		I			Gains and	31
		January	Income	Expenditure	(losses)	December
		2022				2022
		f			f
Unrestricted	funds	II 045 811	245 882	~22tl 711	~29'I tl68	10 776 914
Analysis ofnet assets between funds
				Fixed asset	Net	Total
				investments	current
					assets
Unrestricted	funds			2 954 983	1527931	10776914

ended 3l December 2022 were as follows
	2022	2021
	f
Income
Gifts in kind	157,045	158,868
Donation	5 0110	5 000
	162 045	163 1168
Expenses
Gifts in kind —Donated bank official time	64,648	68,072
Gifts in kind —Loan Officers and associated costs	92 397	90 796
	157045	158 868