| Page | ||
|---|---|---|
| ReportoftheTrustees | to5 | |
| IndependentExaminer'sReport | 6 | |
| StatementofFinancialActivities | 7 | |
| BalanceSheet | 8 | |
| NotestotheFinancialStatements | 9 | to13 |
| DetailedStatementofFinancial Activities | 14 |
| INCOMEANDENDOWMENTSFROM lnvesnnentincorne EXPENDITUREON Charitableactivities Supporting the charitable workofthe Morrab Library, Penzance NetgainsJ(losses)oninvesnnents NETINCOME/(EXPENDITURE) RECONCILIATIONOFFUNDS Total fundsbroughtforward TOTALFUNDSCARRIEDFORWARD Notes 2 3 |
2022 2021 Unrestricted fund £ 51,894 72,167 (67,712) (87,985) 2,382,618 2,294,633 Total funds £ 41,505 66,514 325,086 300,077 2,082,541 2,382,618 |
|---|---|
| FIXEDASSETS Tangible assets Investments CURRENTASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year NETCURRENTASSETS TOTALASSETSLESSCURRENT LIABILITIES NETASSETS FUNDS Umestricted funds TOTALFUNDS Notes 6 7 8 9 10 |
2022 Umestricted fund £ 238 2,140,455 2,140,693 721 155,451 156,172 (2,232) 153,940 2,294,633 2,294,633 2,294,633 2,294,633 |
2021 Tota] funds £ 468 2,252,835 |
|---|---|---|
| 2,253,303 533 131,014 131,547 (2,232) |
||
| 129,315 2,382,618 |
||
| 2,382,618 2,382,618 |
||
| 2,382,618 |
| 2. | INVESTMENT INCOME | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Income from share portfolio | 51,894 | ~ | ||
| 3. | CHARITABLE ACTIVITIES COSTS | |||
| Grant | ||||
| fundingof | Support | |||
| activities | costs | Totals | ||
| £ | £ | £ | ||
| Supporting the charitable workofthe | ||||
| Morrab Library, Penzance | ~ | ~ |
~ |
| There have been expenses paid to M Higgins for mileage, stationery and other expenditure | incurred on behalfof | |
|---|---|---|
| the Trust totalling £967 (2021: £552). | ||
| 5. | COMPARATIVESFORTHESTATEMENTOFFINANCIAL ACTIVITIES | |
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTSFROM | ||
| Investment income | 41,505 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Supporting the charitable workofthe Morrab | ||
| Library, Penzance | 66,514 | |
| Net gains on investments | 325,086 | |
| NET INCOME | 300,077 | |
| RECONCILIATIONOFFUNDS | ||
| Total funds brought forward | 2,082,541 | |
| TOTAL FUNDS CARRlED FORWARD | 2,382,618 |
| COST At1June2021and31May2022 DEPRECIATION At1June2021 Charge for year At31May2022 NETBOOKVALUE At31May2022 At31May2021 7. FIXEDASSETINVESTMENTS MARKETVALUE At1June2021 Additions Disposals Revaluations At31May2022 NETBOOKVALUE At31May2022 At31May2021 |
Computer equipment £ 699 231 230 461 238 468 = Listed investments £ 2,252,835 210,501 (255,169) (67,712) 2,140,455 2,140,455 2,252,835 |
|---|---|
| 2022 | 2021 |
|---|---|
| £ | £ |
| 721 | 533 |
| = |
| 2022 | 2021 |
|---|---|
| £ | £ |
| 2,232 | 2,232 |
| = |
| Unrestricted funds General fund TOTAL FUNDS |
At1/6/21 £ 2,382,618 2,382,618 |
Net movement infunds £ (87,985) ~87,985) |
At 31/5/22 £ 2,294,633 2,294,633 |
|
|---|---|---|---|---|
| Incoming | Resources | Gainsand | Movement | |
|---|---|---|---|---|
| resources | expended | losses | infunds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 51,894 | (72,167) | (67,712) | (87,985) |
| TOTAL FUNDS | (72,167) | ~) | (87,985) |
| Unrestricted funds General fund TOTAL FUNDS |
At 1/6/20 £ 2,082,541 2,082,541 |
Net movement infunds £ 300,077 300,077 |
At 3115/21 £ 2,382,618 2,382,618 |
|---|---|---|---|
| Incoming resources £ Unrestricted funds General fund 41,505 TOTAL FUNDS 41,505 |
Resources expended £ (66,514) {66,514) |
Gains and losses £ 325,086 325,086 Movement in funds £ 300,077 300,077 |
|
|---|---|---|---|
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOMEANDENDOWMENTS | ||
| Investmentincome | ||
| Income from share portfolio | 51,894 | 41,505 |
| Totalincoming resources | 51,894 | 41,505 |
| EXPENDITURE | ||
| Charitableactivities | ||
| Grants to institutions | 48,000 | 48,000 |
| Supportcosts | ||
| Management | ||
| Administrative expenses | 950 | 552 |
| Other | ||
| Computer equipment | 231 | 231 |
| Governance costs | ||
| Accountancy and legal fees | 5,471 | 1,620 |
| Investment management charges | 17,515 | 16,111 |
| 22,986 | 17,731 | |
| Total resources expended | 72,167 | 66,514 |
| Netexpenditurebefore gainsandlosses | (20,273) | (25,009) |
| Realised recognised gainsandlosses | ||
| Unrealised gains / (losses) on investment portfolio | (124,657) | 318,656 |
| Realised gains / (losses) on investment portfolio | 56,945 | 6,430 |
| Net(expenditure)/income | (87,985) | ~ |