| Page | ||||
|---|---|---|---|---|
| Trustees' | annual report | |||
| Independent examiner'8 |
report to the trustees | |||
| Statement | offinancial | activities | ||
| Statement | offinancial | position | ||
| Notes to | the financial | statements |
| 2023 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Total funds | Total funds | |||||
| Note | 5 | ||||||
| Income and endowments | |||||||
| Donations and legacies |
4 | 2,385 | 2,385 | 46,363 | |||
| Investment income |
5 | 208,977 | 208,977 | 153,001 | |||
| Total income | 211,362 | 211,362 | 199,364 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 6 | (120,707) | (120,707) | (55,746) | ||
| Expenditure on charitable |
activities | 7$ | (229,915) | (229,915) | (148,856) | ||
| Total expenditure | (350,622) | (350,622) | (204,602) | ||||
| Net losses on investments | 11 | (43,289) | (43,289) | ||||
| Net expenditure and net |
movement | in funds | (182,549) | (182,549) | (5,238) | ||
| Reconciliation offunds |
|||||||
| Total funds brought forward | 1,237,420 | 1437,420 | 1,242,658 | ||||
| Total funds carried forward | 1,054,871 | 1,054,871 | 1,237,420 |
| STATEMENT OF | FINANCIAL | POSITION | |||||
|---|---|---|---|---|---|---|---|
| 31MARCH 2023 | |||||||
| 2023 | 2022 | ||||||
| Note | |||||||
| Fixed assets | |||||||
| Tangible fixed assets | 15 | 6,548,505 | 6,548,505 | ||||
| Investments | 16 | 18,100 | |||||
| 6,548,505 | 6,566,605 | ||||||
| Current assets | |||||||
| Debtors | 17 | 25,000 | 25,000 | ||||
| Cash at bank | and in hand | 33,358 | 116,651 | ||||
| 58,358 | 141,651 | ||||||
| Creditors: amounts | faging due | ||||||
| within one year |
18 | (1,551,992) | (1,470,836) | ||||
| Net current | liabilities | (1,493,634) | (1,329,185) | ||||
| Total assets | less current | liabilities | 5,054,871 | 5,237,420 | |||
| Creditors: amounts | falling due after | ||||||
| more than one year | 19 | (4,000,000) | (4,000,000) | ||||
| Net assets | 1,054,871 | 1,237,420 | |||||
| Funds ofthe Unrestricted |
charity funds |
1,054,871 | 1,237,420 | ||||
| Total charity | funds | 21 | 1,054,871 | 1,237,420 |
| 4. | Donations | a | nd legacies | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| E | |||||||||
| Donations | |||||||||
| Donations | received | 2,385 | 2485 | 46,363 | 46,363 | ||||
| 5. | Investment | income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| E | |||||||||
| Income from | investment | properties | 208,977 | 208,977 | 153,001 | 153,001 | |||
| 6. | Investment | management | costs | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| Investment | management | costs | 120,707 | 120,707 | 55,746 | 55,746 | |||
| 7. | Expenditure | on charitable | activities | by fund type | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| E | |||||||||
| Donations | made | 226,315 | 226,315 | 143,336 | 143,336 | ||||
| Support costs | 3,600 | 3,600 | 5,520 | 5,520 | |||||
| 229,915 | 229,915 | 148,856 | 148,856 |
| 8. | Expenditure | Expenditure | Expenditure | on charitable | on charitable | on charitable | activities by | activities by | activities by | activity type | activity type | activity type | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Grant funding | Total funds | Total fund | |||||||||||||||
| ofactivities | Support | costs | 2023 | 2022 | |||||||||||||
| Donations | made | 226,315 | 3,600 | 229&915 | 148,856 | ||||||||||||
| 9. | Analysis | ofsupport costs | |||||||||||||||
| Analysis of | |||||||||||||||||
| support | costs | ||||||||||||||||
| Accountancy | |||||||||||||||||
| fees | Total 2023 | Total | 2022 | ||||||||||||||
| Support costs | 3,600 | 3,600 | 5,520 | ||||||||||||||
| 10. | Analysis | ofgrants | |||||||||||||||
| Included | in the charitable | activities | are the following | material | grants | made during the year: | |||||||||||
| 2023 | |||||||||||||||||
| Achisomoch | Aid Company | 87,660 | |||||||||||||||
| LTC Trust | Co | 60,000 | |||||||||||||||
| Donations | no | greater than | f15,000 | individually | or in | aggregate | 78,655 | ||||||||||
| Total | 226,315 | ||||||||||||||||
| 11. | Net losses | on | investments | ||||||||||||||
| Unrestricted | Total Funds | Unrestricted | Total | Funds | |||||||||||||
| Funds | 2023 | Funds | 2022 | ||||||||||||||
| Gains/(losses) | on other investment | ||||||||||||||||
| assets | (43,289) | (43,289) | |||||||||||||||
| 12. | Independent | examination | fees | ||||||||||||||
| 2023 | 2022 | ||||||||||||||||
| B | |||||||||||||||||
| Fees payable | to the independent | examiner for: | |||||||||||||||
| Independent | examination | ofthe | financial | statements | 2,500 | 1,800 |
| No remuneration or other benefits from employment with t received by either ofthe two trustees. Tangible fixed assets |
he charity or 8 related entity were |
|---|---|
| Land and | |
| buildings | |
| Fair value | |
| At 1April 2022 and 31March 2023 | 6,548,505 |
| Depreciation | |
| At 1April 2022 and 31March 2023 | |
| Carrying amount | |
| At 31March 2023 | 6/48,505 |
| At 31March 2022 | 6,548,505 |
| 16. | Investments | |||
|---|---|---|---|---|
| Other | ||||
| investments | ||||
| Cost or valuation | ||||
| At 1 April 2022 | 18,100 | |||
| Additions | ||||
| Disposals | (18,100) | |||
| At 31March 2023 | ||||
| Impairment | ||||
| At 1April 2022 | and 31March 2023 | |||
| Carrying amount | ||||
| At 31March 2023 | ||||
| At 31 March 2022 | 18,100 | |||
| All investments | shown above are held at valuation. | |||
| 17. | Debtors | |||
| 2023 | 2022 | |||
| Other debtors | 25,000 | 25,000 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Rents in advance | 54,167 | |||||
| Analysis ofcharitable | funds | |||||
| Unrestricted | funds | |||||
| At | Gains and | At | ||||
| 1April 2022 | Income | Expendkture | losses | 31March 2023 | ||
| General funds | 1,237,420 | 211,362 | (350,622) | (43,289) | 1,054,871 | |
| At | Gains and | At | ||||
| 1 April 2021 | Income | Expenditure | losses | 31March 2022 | ||
| E | ||||||
| General funds | 1,242,658 | 199,364 | (204,602) | 1,237,420 |
| Analysis | ofliabilit | ies between funds | ||
|---|---|---|---|---|
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| Tangible | fixed assets | 6,548,505 | 6448,505 | |
| Investments | ||||
| Current | assets | 58,358 | 58,358 | |
| Creditors | less than | 1 year | (1,551,992) | (1,551,992) |
| Creditors | greater than I year | (4,000,000) | (4,000,000) | |
| Net assets | 1,054,871 | 1,054,871 | ||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| Tangible | fixed assets | 6,548,505 | 6,548,505 | |
| Investments | 18,100 | 18,100 | ||
| Current | assets | 141,651 | 141,651 | |
| Creditors | less than | I year | (1,470,836) | (1,470,836) |
| Creditors | greater than I year | (4,000,000) | (4,000,000) | |
| Net assets | 1,237,420 | 1,237,420 |