| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement ofFinancial Activities |
| RT | IAL |
CT TI |
||||
|---|---|---|---|---|---|---|
| 31.10.22 | 31.10,21 | |||||
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | ||||||
| INCOME | AND ENDOWMENTS | FROM | ||||
| Investment | income | 54 962 | 49 408 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 24/45 | 26,716 | ||||
| Charitable | activles | |||||
| General | 5,000 | |||||
| Other | ||||||
| Total | 29845 | 26,716 | ||||
| Net gains | on investments | ~245 35 |
270 000 | |||
| NET INCOME | 270,652 | 292,692 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 6,083,081 | 5,790,389 | |||
| TOTAL FUNDS CARRIED FORWARD | 6353733 | 6083 081 |
| B | 2 | 2 | ||||
|---|---|---|---|---|---|---|
| 31.10.22 | 31.10.21 | |||||
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Investment property |
6,440,000 | 5,948/20 | ||||
| CURRENT ASSETS | ||||||
| Cash at bank | 57+47 | l37,061 | ||||
| CREDITORS | ||||||
| Amounts falling due within one year |
t34$67) | (2,200) | ||||
| NET CURRENT ASSETS | ~22 80 |
134861 | ||||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 6/62+80 | 6,083,081 | ||||
| CREDITORS | ||||||
| Amounts falling due after more than one year |
8 | (108847) | ||||
| NET ASSETS | ~653,733 | 6083 081 | ||||
| FUNDS Unrestricted funds |
10 | ~653,733 | 6083081 | |||
| TOTAL FUNDS | ~653,733 | 6083 081 |
| Further explanatio | n ofthe nature and purpose ofeach fu |
nd is included in the notes to the financial |
tatements. |
|---|---|---|---|
| INVESTMENT | INCOME | 31.10.22 | 31.10.21 |
| Rents received Deposit account |
interest | 54,962 | 49,400 8 |
| ~54 962 | 49,408 |
| There were no | staff costs during the period. (2021:Nil) | |
|---|---|---|
| INVESTMENT | PROPERTY | |
| FAIR VALUE At 1 November Additions Revaluation |
2021 | 5/485220 246,245 ~245 55 |
| At 31 October | 2022 | 6440 000 |
| NET BOOK VALUE At 31 October 2022 |
6440 000 | |
| At 31 October | 2021 | 5040220 |
| INVESTM | ENT PROPERTY - continued |
||
|---|---|---|---|
| Fair value | at 31 October 2022 is represented | by: | f |
| Valuation | in 2011 | 807800 | |
| Valuation | in 2012 | 286400 | |
| Valuation | in 2013 | 89,000 | |
| Valuation | in 2014 | 149,000 | |
| Valuation | in 2015 | 36,700 | |
| Valuation | in 2016 | 612,500 | |
| Valuation | in 2017 | 148,000 | |
| Valuation | in 2019 | 40,000 | |
| Valuation | in 2021 | 2705000 | |
| Valuation | m 2022 | 245/35 | |
| Cost | ~3754 65 |
||
| 6,445655 |
| The Trustees co | nsidered the |
valuation and agreed to increase the valuation by 4.%. |
||
|---|---|---|---|---|
| CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 3LI022 | 31.10.21 | |||
| f | ||||
| Other creditors Loan repayable |
in less than | 1 year | 2,169 ~3 ~47 |
2/00 ~200 |
| CREDITORS: | AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | 31.10.22 | 31.10.21 |
| f | ||||
| Other creditors | - Loan repayable in more than I year |
108,847 |
| LOANS | |||
|---|---|---|---|
| An analysis ofthe maturity ofloans | is given below. | ||
| 31.1022 | 31.10.21 | ||
| Amounts falling due in less than 12 |
months: | ||
| Mortgage -Reliance Bank pic repayable by instalments |
32,638 | ||
| Amounts falling due in more than 12months: |
|||
| Mortgage- Reliance Bank repayable | by instalments | 108,84'? | |
| Reliance Bank pic holds a first legal | mortgage orcharge over the freehold interest |
in the property, No,l, Manor Cottages. |
| MOVEMENT | IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| At | movement | At | ||
| 1.11.21 | in funds | 31.10.22 | ||
| E | ||||
| Unrestricted General fund |
funds | 6,083,081 | 270,652 | 6/53,733 |
| TOTAL FUNDS | 6,1183081 | 270 652 | ~653~733 |
| Net movement | in funds, included in |
the above are as follows: | |||
|---|---|---|---|---|---|
| Incoming resources |
Resources expended |
Gains and losses |
Movement in funds |
||
| f. | |||||
| Unrestricted General fund |
funds | 54,962 | (29445) | 245/35 | 270,652 |
| ~54 962 | 29845 | 245 35 |
270 652 |
| Comparatives | for movement in funds |
|||
|---|---|---|---|---|
| Net | ||||
| At | movement | At | ||
| 1.11.20 | in funds | 31.10.21 | ||
| Unrestricted General fund |
funda | 5,790,389 | 292,692 | 6,083,081 |
| TOTAL FUNDS | 5 790389 | 292692 | 6 083 081 |
| Comparative | net movement in funds |
, included in the above are as |
follows: | ||
|---|---|---|---|---|---|
| Incoming resources |
Resources expended |
Gains and losses |
Movement funds |
||
| Unrestricted General fund |
funds | 49,408 | (26,716) | 270,000 | 292,692 |
| TOTAL FUNDS | 49 408 | ~26 7167 | 270 000 | 292,692 |
| 31.10.22 | 31.10.21 | |||
|---|---|---|---|---|
| INCOME AND |
ENDOWMENTS | |||
| investment income |
||||
| Rents received | 54,962 | 49,400 | ||
| Deposit account | interest | 8 | ||
| ~54 962 | ~49 408 | |||
| Total incoming | resources | 54P62 | 49,408 | |
| EXPENDITURE | ||||
| Investment management Insurance Property repa irs |
costs | 2,609 ~16 076 |
2,246 ~23 170 |
|
| 18,685 | 25,416 | |||
| Charitable activities |
||||
| Charitable donations | 5,000 | |||
| Support costs | ||||
| Governance costs Accountancy and legal Mortgage |
fees | 861 ~599 |
1/00 | |
| ~6160 | 1/00 | |||
| Total resources | expended | ~29 845 | ~26 716 | |
| Net income | ~25 17 |
~22 692 |