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||||||PAGES|
|---|---|---|---|---|---|
|Trustees'|annual
report|(incorporating|the director's report)||1to 4|
|Independent
auditor's||report to the members|||5tog|
|Statement|offinancial|activities (including||income and expenditure||
|account)||||||
|Statement|offinancial|position|||10|
|Statement|ofcash flows|||||
|Notes to|the financial|statements|||12to 19|
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|The Chari|ty has the fo|llowing
non-charita|ble
ope|rating
subsi|diaries:||
|---|---|---|---|---|---|---|
|||||||Percentage|
|Company||Registration|No.|Nature|ofBusiness|Holding|
|Ablepine|Limited|03348395||Holding|Company|100%|
|Apexrule|Limited|02731713||Property|Investment|100%|
|Gillis Properties|||||||
|Limited||04785100||Property|Investment|100%|
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||||YE|ARENDED|30SEPTE|MBER2022|MBER2022||
|---|---|---|---|---|---|---|---|---|
|||||||2022||2021|
|||||||Unrestricted|||
|||||||funds|Total funds|Total funds|
||||||Note|f.|||
|Income and|endowments||||||||
|Donations
and legacies|||||5|825,000|825,000|380,000|
|Investment|income||||6|13,230|13,230|50|
|Total income||||||838,230|838,230|380,050|
|Expenditure|||||||||
|Expenditure|on raising funds:||||||||
|Investment
management|||costs||7|(10,712)|(10,712)||
|Expenditure|on charitable|activities|||8,9|(524,146)|(524,146)|(420,244)|
|Total expenditure||||||(534,858)|(534,858)|(420,244)|
|Net (losses)/gains
on investments|||||12|(265,446)|(265,446)|77,743|
|Net income|and net movement|||in funds||37,926|37,926|37,549|
|Reconciliation offunds|||||||||
|Total funds|brought
forward|||||6,300,486|6400,486|6,262,937|
|Total funds|carried forward|||||6,338,412|6,338,412|6,300,486|
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||||30SEP|TEMBER20|22|||
|---|---|---|---|---|---|---|---|
|||||2022||2021||
||||Note|||||
|Fixed assets||||||||
|Investments|||15||5,630,000||5,366,381|
|Current
assets||||||||
|Debtors|||16|16,000||16,000||
|Cash at bank|and in hand|||763,264||941,135||
|||||779,264||957,135||
|Creditors: amounts||falling due||||||
|within
one year|||17|(70,852)||(23,030)||
|Net current|assets||||708,412||934,105|
|Total assets|less current liabilities||||6,338,412||6,300,486|
|Funds ofthe|charity|||||||
|Unrestricted|funds||||6,338,412||6,300,486|
|Total charity funds|||18||6,338,412||6,300,486|
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||||2022|2021|
|---|---|---|---|---|
||||g||
|Cash flows from operating|activities||||
|Net income|||37,926|37,549|
|Adj ustments for:
Net (losses)/gains
on investments|||265,446|(77,743)|
|Dividends,
interest
and rents|from investments||(13,180)||
|Other interest receivable
and|similar income||(50)|(50)|
|Non-cash
donations
received|||(425,000)||
|Changes
in:
Trade and other creditors|||47,822|180|
|Cash generated
from operations|||(87,036)|(40,064)|
|Interest received|||50|50|
|Net cash used in operating
activities|||(86,986)|(40,014)|
|Cash flows from investing|activities||||
|Dividends,
interest and rents|from investments||13,180||
|Purchases ofother investments|||(104,065)||
|Net cash used in investing
activities|||(90,885)||
|Net decrease in cash and cash equivalents|||(177,871)|(40,014)|
|Cash and cash equivalents|at beginning|ofyear|941,135|981,149|
|Cash and cash equivalents|at end ofyear||763,264|941,135|
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|DONATIO|NS
AND LEGAC|IES||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
|Donations||||||
|Donations|received|825,000|825,000|380,000|380,000|
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|6.|INVESTMENT IN|CO|ME|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
||Income from investment||properties|13,180|13,180|||
||Bank interest receivable|||50|50|50|50|
|||||13,230|13,230|50|50|
|7.|INVESTMENT MANAGEMENT|||COSTS||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
||Investment
property|outgoings||10,712|10,712|||
|8.|EXPENDITURE ON||CHARITABLE ACTIVITIES BYFUND TYPE|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
||Donations
paid
Support costs|||520,765
3,381|520,765
3481|416,910
3,334|416,910
3,334|
|||||524,146|524,146|420,244|420,244|
|9.|EXPENDITURE ON||CHARITABLE ACTIVITIES BYACTIVITY TYPE|||||
|9.|EXPENDI|TURE ON CHARITABLE|ACTIVITIE|S BYACTIVI|TY TYPE||
|---|---|---|---|---|---|---|
||||Grant||||
||||funding of||Total funds|Total fund|
||||activities|Support costs|2022|2021|
|||||||f,|
||Donations
Governance|paid
costs|520,765|3,381|520,765
3,381|416,910
3,334|
||||520,765|3,381|524,146|420,244|
|10.|ANALYSIS OF SUPPORT COSTS||||||
||||Legal and||||
||||professional||||
||||fees|Audit fees|Total 2022|Total 2021|
||||f.||||
||Governance|costs|231|3,150|3,381|3,334|
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|12.|NET (LOS|SES)|/GA|INS ON IN|VESTM|ENTS||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2022|Funds|2021|
||||||||||f.|
||Deficit on revaluation|||ofinvestment||||||
||properties|||||(4,065)|(4,065)|||
||(Deficit)/Surplus||on|revaluation|of|||||
||investments|in group||undertakings||(261,381)|(261,381)|77,743|77,743|
|||||||(265,446)|(265,446)|77,743|77,743|
|13.|AUDITORS REMUNERATION|||||||||
|||||||||2022|2021|
||Fees payable|for the||audit ofthe|financial|statements||3,150|3,120|
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|Trustee expenses have been incur
INVESTMENTS|red.||||
|---|---|---|---|---|
|||Shares in|||
||Investment|group|Other||
||properties|undertakings|investments|Total|
|Fair value|||||
|At
1 October 2021||5,273,716|92,665|5,366,381|
|Additions|529,065|||529,065|
|Fair value movements|(4,065)|(261,716)|335|(265,446)|
|At 30September 2022|525,000|5,012,000|93,000|5,630,000|
|Impairment|||||
|At 1October 2021 and|||||
|30September 2022|||||
|Carrying
amount
At 30September 2022|525,000|5,012,000|93,000|5,630,000|
|At 30 September 2021||5,273,716|92,665|5,366,381|
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||Aggregate
capita|l and r|eserves||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Ablepine
Limited||||338,388|339,009|
||Apexrule
Limited||||4,283,755|4,510,833|
||Gillis Properties|Limited|||390,532|423,974|
||Profit/Loss for the year||||||
||||||2022|2021|
||Ablepine
Limited||||(621)|(621)|
||Apexrule
Limited||||(227,078)|41,239|
||Gillis Properties|Limited|||(33,442)|37,137|
|16.|DEBTORS||||||
||||||2022|2021|
||Other debtors||||16,000|16,000|
|17.|CREDITORS: amounts||falling due within|one year|||
||||||2022|2021|
||Trade creditors||||47,642||
||Other creditors||||23,210|23,030|
||||||70,852|23,030|
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||||||||||At 30|
|---|---|---|---|---|---|---|---|---|---|
|||||At 1 October||||Gains and|September|
||||||2021|Income|Expenditure|losses|2022|
|||||||f.||||
||General|funds||6,300,486||838,230|(534,858)|(265,446)|6,338,412|
||||||||||At 30|
|||||At 1 October||||Gains and|September|
||||||2020|Income|Expenditure|losses|2021|
||||||||||I:|
||General|funds||6,262,937||380,050|(420,244)|77,743|6,300,486|
|19.|ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||||||
|||||||||Unrestricted|Total Funds|
|||||||||Funds|2022|
||||||||||f.|
||Investments|||||||5,630,000|5,630,000|
||Current|assets||||||779,264|779,264|
||Creditors less than||1 year|||||(70,852)|(70,852)|
||Net assets|||||||6,338,412|6,338,412|
|||||||||Unrestricted|Total Funds|
|||||||||Funds|2021|
||Investments|||||||5,366,381|5,366,381|
||Current|assets||||||957,135|957,135|
||Creditors less than||1 year|||||(23,030)|(23,030)|
||Net assets|||||||6,300,486|6,300,486|
|20.|ANALYSIS OF CHANGES||||IN NET|DEBT||||
||||||||At||At|
||||||||1 Oct 2021|Cash flows|30Sep 2022|
|||||||||X.||
||Cash at|bank and in||hand|||941,135|(177,871)|763,264|
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