| Page | ||
|---|---|---|
| Trustees report | 1-5 | |
| Independent auditor's |
report | 6-9 |
| Statement offinancial |
activities | 10 |
| Balance sheet | ||
| Statement ofcash flows | 12 | |
| Notes to the financial | statements | 13-23 |
| Unrestricted | Unrestricted Endowment |
Unrestricted Endowment |
Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| Notes | 2022 6 |
2021 8 |
2021 f |
2021 8 |
||
| Donations | 3 | 1,332,973 | 1,213,165 | 1,213,165 | ||
| C))ttgtttb)6Jtgthdt)66 Other trading activities Investments Other income |
18,000 1,041 |
18,000 22 |
8,943 | 18,000 8,943 |
||
| Total Income and | endowments | 1,352,014 | 1,231,187 | 8,943 | 1,240,130 | |
| Raising funds | 7 | 109,248 | 92,921 | 92,921 | ||
| Charitable activities |
8 | 879,107 | 572,053 | 572,053 | ||
| Other | 12 | 12,913 | ||||
| Total expenditure | 1,001,268 | 664,974 | 664,974 | |||
| Net gains/(losses) | on investments | 13 | 23,295 | (1,660) | (1,660) | |
| Net movement in |
funds | 374,041 | 564,553 | 8,943 | 573,496 | |
| Fund balances at 1 January 2022 | 9,927,302 | 9,353,806 | 9,353,806 | |||
| Fund balances at 31 December 2022 | 10,301,343 | 9,918,359 | 8,943 | 9,927,302 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | 6 | F | |||
| Fixed assets Tangible assets |
15 | 11,293,806 | 11,555,523 | ||
| Current assets Stocks Debtors Investments Cash at bank and in hand |
16 17 18 |
13,420 1,264,844 190,838 834,280 |
9,714 3,031 137,954 780,900 |
||
| 2,303,382 | 931,599 | ||||
| Creditors: amounts one year |
falling due within | 19 | (278,738) | (235,034) | |
| Net current assets | 2,024,644 | 696,565 | |||
| Total assets less current liabilities | 13,318,450 | 12,252,088 | |||
| Creditors: amounts more than one year |
falling due after | 20 | (3,017,107) | (2,324,786) | |
| Net assets | 10,301,343 | 9,927,302 | |||
| Capltalfunds Endowment funds |
8,943 | ||||
| Income funds Unrestricted funds - |
general | 10,301,343 | 9,918,359 | ||
| 10,301,343 | 9,927,302 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash (absorbed by)/generated operations |
from | 25 | (595,893) | 783,913 | ||
| Investing activities Purchase oftangible fixed assets Proceeds from disposal of investments Investment Income received |
(52,884) 1,041 |
(74,266) (60,690) 22 |
||||
| Net cash used in investing | activities | (51,843) | (134,934) | |||
| Financing activities Repayment ofbank loans |
701,116 | (422,049) | ||||
| Net cash generated from/(used In) financing activities |
701,116 | (422,049) | ||||
| Net increase in cash and cash equivalents |
53,380 | 226,930 | ||||
| Cash and cash equivalents | at beginning | ofyear | 780,900 | 553,970 | ||
| Cash and cash equivalents | at end of | year | 834,280 | 780,900 |
| Donations | ||||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| general | general | |||
| 2022 | 2021 | |||
| Donations Other |
and | gifts | 1,303,384 29,589 |
1,131,985 81,180 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| general | general |
| 2022 | 2021 |
| 5 | 5 |
| 18000 | 18000 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| general | general |
| 2022 | 2021 |
| 8 | 8 |
| 1,041 | 22 |
| Total | Endowment |
|---|---|
| funds | |
| 2022 | 2021 |
| 8,943 |
| Raising fu | nds | |||||
|---|---|---|---|---|---|---|
| Unrestricted Unrestricted |
||||||
| funds | funds | |||||
| general | general | |||||
| 2022 f |
2021 f |
|||||
| Food cost | 109,248 | 92,921 | ||||
| 109,248 | 92,921 | |||||
| Charitable | activities | |||||
| Charitable Governance |
Total | Total | ||||
| activities | costs | 2022 | 2021 | |||
| 2022 | 2022 | |||||
| f | 6 | |||||
| Charitable Donation |
activities to charities |
145,575 765 |
145,575 765 |
4,001 | ||
| 146,340 | 146,340 | 4,001 | ||||
| Share of Share of |
support costs (see nots 9) governance costs (see note 9) |
714,479 | 18,288 | 714,479 18,288 |
550,638 17,414 |
|
| 860,819 | 18,288 | 879,107 | 572,053 |
| Other | |||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| funds | |||||
| general | |||||
| 2022 | 2021 | ||||
| 6 | 9 | ||||
| Financing | costs | 12,913 12,913 |
|||
| Net gains/(losses) | on investments | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| general | general | ||||
| 2022 | 2021 | ||||
| E | 8 | ||||
| Revaluation | ofinvestments | 23,295 | (1,660) |
| il fixedassets |
||||||
|---|---|---|---|---|---|---|
| angbe |
Land and | Plant and | Fixtures, Motor | vehicles | Total | |
| buildings | machinery | fittings & | ||||
| equipment | ||||||
| 6 | E | |||||
| Cost At 1 January 2022 |
13,089,892 | 32,655 | 142,228 | 28,850 | 13,293,625 | |
| At 31 December 2022 | 13,089,892 | 32,655 | 142,228 | 28,850 | 13,293,625 | |
| Depreciation At 1 January 2022 Depredation charged |
ln the year | 1,594,574 249,550 |
28,640 745 |
109,810 6,013 |
5,078 5,409 |
1,738,102 261,717 |
| At 31 December 2022 | 1,844,124 | 29,385 | 115,823 | 10,487 | 1,999,819 | |
| Canylng amount At 31 December 2022 |
11,245,768 | 3,270 | 26,405 | 18,363 | 11,293,806 | |
| At 31 December 2021 | 11,495,318 | 4,015 | 32,418 | 23,772 | 11,555,523 |
| 16 | Stocks | 2022 | 2021 | ||
|---|---|---|---|---|---|
| E | E | ||||
| Finished | goods and goods for resale | 13,420 | 9,714 | ||
| 17 | Debtors | 2022 | 2021 | ||
| Amounts | falling due within one year: | E | E | ||
| Other debtors Prepayments |
and accrued income | 1,259,925 4,919 |
3,031 | ||
| 1,264,844 | 3,031 |
| 18 | Currentasset | Invest | ments | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | E | |||||
| Donated gold |
190,838 | 137,954 | ||||
| 19 | Creditors: amounts | falling due within one year | 2022 | 2021 | ||
| Notes | E | E | ||||
| Bankloans Other taxatlon Other creditors Accruals |
and social security | 21 | 158,186 1,896 99,139 19,517 |
149,391 72,563 13,080 |
||
| 278,738 | 235,034 | |||||
| 20 | Creditors: amounts | falling due after more than one year | 2022 | 2021 | ||
| Notes | E | E | ||||
| Bank loans | 21 | 3,017,107 | 2,324,786 |
| 22 | Analysis of nst assets between funds | Unrestricted | Unrestricted | Unrestricted | Endowment | Total |
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2021 | 2021 | 2021 | |||
| 6 | 6 | K | ||||
| Fund balances st 31 December 2022 are | ||||||
| represented by: Tangible assets Current assets/(liabilities) Long term liabilities |
11,293,806 2,024,644 (3,017,107) |
11,555,523 696,565 (2,324,786) |
11,555,523 696,565 (2,324,786) |
|||
| 10,301,343 | 9,927,302 | 9,927,302 |
| 25 | Cash generated from operations |
2022 6 |
2021 2 |
|||||
|---|---|---|---|---|---|---|---|---|
| Surplus for the year | 374,041 | 573,496 | ||||||
| Adjustmsnts for. Investment income recognised in statement offinancial Depreciation and impairment oftangible fixed assets |
activities | (1,041) 261,717 |
(22) 260,288 |
|||||
| Movements in working capital. (Increase) in stocks (Increase)/decrease in debtors Increase/(decrease) in creditors |
(3,706) (1,261,813) 34,909 |
(513) 8,869 (58,205) |
||||||
| Cash (absorbed by)/generated |
from operations | (595,893) | 783,913 | |||||
| 26 | Analysis ofchanges in net (debt)/funds |
At 1January 2022 |
Cash flows | At | 31 December 2022 |
|||
| 6 | 6 | 6 | ||||||
| Cash at bank and in hand |
780,900 | 53,380 | 834,280 | |||||
| Loans falling dus within one year Loans falling due after mors than |
one year | (149,391) (2,324,786) |
(8,795) (692,321) |
(158,186) (3,017,107) |
||||
| (1,693,277) | (647,736) | (2,341,013) |