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||||Pages|
|---|---|---|---|
|Trustees'|annual
report||1 to 4|
|Independent
examiner's
report to the trustees||||
|Statement|of financial|activities||
|Statement|of financial|position||
|Notes to the financial||statements|&to 15|
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|31 Decem|be|r 2021.|r 2021.|||||
|---|---|---|---|---|---|---|---|
|Reference||and administrative||details||||
|Governing||documents||Will ofJohn Alan Kelly|||dated 21 December 1994(died 13March 1995)|
|||||Charity Commission||Scheme dated 4 March 2019||
|Registered||charity name||Kelly Trust (Crediton)||||
|Charity registration|||number|1116644||||
|Principal|office|||Boniface Centre||||
|||||Church
Lane||||
|||||Crediton||||
|||||EX172AH||||
|The trustees||||A A White||||
|||||J M Beskeen||||
|||||C M Clark||||
|||||C S Nicholl (Miss)||||
|||||J D Ward||||
|||||GJ Mortimer||||
|||||EJ Heard||||
|||||R Cheriton
(Mrs)||||
|||||J King||||
|||||D-Brassington||||
|||||WJCrooke||||
|Independent||examiner||N Smy ACA||||
|||||Westcotts||||
|||||Chartered
Accountants||||
|||||Queens House||||
|||||New Street||||
|||||Honiton||||
|||||Devon, EX141BJ||||
|Bankers||||National
Westminster|||Bank pic|
|||||18St Thomas Centre||||
|||||Cowick Street||||
|||||Exeter||||
|||||Devon, EX1 1DE||||
|Investment||managers||Charles Stanley &Co|||CCLA|
|||||Broadwalk
House|||Senator House|
|||||Southernhay
West|||85Queen Victoria Street|
|||||Exeter|||London|
|||||Devon, EX1 1TS|||EC4V 4ET|
|Solicitors||||Gilbert Stephens|LLP|||
|||||Manor House||||
|||||North Street||||
|||||Crediton||||
|||||Devon, EX172BR||||
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|Year ende|d 31 Dece|mb|er|2021|||||
|---|---|---|---|---|---|---|---|---|
|||||||2021||2020|
|||||||Unrestricted|||
|||||||funds|Total funds|Total funds|
||||||Note|2|2||
|Income and endowments|||||||||
|Investment|income||||4|36,140|36,140|35,010|
|Total income||||||36,140|36,140|35,010|
|Expenditure|||||||||
|Expenditure|on raising funds:||||||||
|Investment
management|||costs||5|10,490|10,490|5,923|
|Expenditure|on charitable|activities|||6|11,339|11,339|9,476|
|Total expenditure||||||21,829|21,829|15,399|
|Net gains on investments|||||9|77,078|77,078|5,959|
|Net income|and net movement|||in funds||91,389|91,389|25,570|
|Reconciliation
offunds|||||||||
|Total funds|brought forward|||||1,502,592|1,502,592|1,477,022|
|Total funds|carried forward|||||1,593,981|1,593,981|1,502,592|
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|31 December|20|21|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||Note|f||
|Fixed assets|||||||
|Investments||||13|1,563,418|1,460,115|
|Current assets|||||||
|Debtors||||14|6,491|5,900|
|Cash at bank and|in|hand|||35,884|45,132|
||||||42,375|51,032|
|Creditors: amounts||falling|due within one year|15|(11,812)|(8,555)|
|Net current assets|||||30,563|42,477|
|Total assets less|current||liabilities||1,593,981|1,502,592|
|Net assets|||||1,593,981|1,502,592|
|Funds ofthe charity|||||||
|Unrestricted
funds|||||1,593,981|1,502,592|
|Total charity funds||||16|1,593,981|1,502,592|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2021|Funds|2020|
|Income|from|investment|properties|21,920|21,920|20,870|20,870|
|Income|from|listed investments||5,089|5,089|5,335|5,335|
|Bank interest||receivable||4|4|24|24|
|Investment
interest||||9,127|9,127|8,781|8,781|
|||||36,140|36,140|35,010|35,010|
|Income|from|investment|properties|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
|10Meadow Gardens||||6,600|6,600|2,110|2,110|
|19Gree|nway|||5,720|5,720|6,760|6,760|
|7Waresfoot
Drive||||6,240|6,240|6,240|6,240|
|12Waresfoot||Drive||3,360|3,360|5,760|5,760|
|||||21,920|21,920|20,870|20,870|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2021|Funds|2020|
||||||8|||
|Investment||managers'|fees|4,002|4,002|3,797|3,797|
|Property|management||fees|1,882|1,882|||
|Repairs|to|properties|and insurance|4,606|4,606|2,126|2,126|
|||||10,490|10,490|5,923|5,923|
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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2021|Funds|2020|
||||2|2|2|
|Grants||6,000|6,000|4,000|4,000|
|Support costs||5,339|5,339|5,476|5,476|
|||11,339|11,339|9,476|9,476|
|Analysis|of grants|||||
|||||2021|2020|
|||||2||
|Grants to|institutions|||||
|Age Concern Crediton||||5,000|1,000|
|Yeoford Church|||||1,000|
|||||5,000|2,000|
|Grants to|individuals|||||
|Mr N Beighton|||||1,000|
|Mrs A Jerman|||||1,000|
|L Leyman||||1,000||
|||||6,000|4,000|
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||Analysis
of|governance|governance|costs|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||||||Funds|2021|Funds|2020|
||Clerk to the Trustees||||||1,250|1,250|1,250|1,250|
||Insurance||||||754|754|738|738|
||Meeting
room||and the facilities||||500|500|500|500|
||Independent|examination|||||1,380|1,380|1,314|1,314|
||Accountancy||||||1,380|1,380|1,674|1,674|
||Sundry expenses||||||75|75|||
||||||||5,339|5,339|5,476|5,476|
|9.|Net gains on||investments||||||||
|||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||||||Funds|2021|Funds|2020|
||Gains/(losses)||on listed investments||||77,078|77,078|5,959|5,959|
|10.|Independent||examination|fees|||||||
||||||||||2021|2020|
||Fees payable||to the independent||examiner||for:||||
||Independent|examination||ofthe|financial|statements|||1,380|1,314|
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|Investments||||||
|---|---|---|---|---|---|
||Cash or cash|Listed|Investment|Other||
||equivalents|investments|properties|investments|Total|
|||F||||
|Cost or valuation||||||
|At 1 January 2021|20,875|305,025|800,000|334,215|1,460,115|
|Additions|96,022|25,000||103,319|224,341|
|Disposals|(107,216)|||(90,900)|(198,116)|
|Other movements||44,411||32,667|77,078|
|At 31 December 2021|9,681|374,436|800,000|379,301|1,563,418|
|All investments
shown|above are held at|valuation.||||
|Listed investments||||||
|Historical cost as at||||||
|31 December 2021|9,681|272,773|778,505|310,166|1,371,125|
||||2|
|---|---|---|---|
|CCLA investments|||374,436|
|Investment|properties|||
|||2021|2020|
|10Meadow Gardens||190,000|190,000|
|19Greenway||190,000|190,000|
|7Waresfoot|Drive|200,000|200,000|
|12Waresfoot|Drive|220,000|220,000|
|||800,000|800,000|
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|14.|Debtors||||
|---|---|---|---|---|
||||2021|2020|
|||||2|
||Other debtors||6,491|5,900|
|15.|Creditors: amounts|falling due within one year|||
||||2021|2020|
|||||2|
||Accruals and deferred|income|2,760|2,628|
||Other creditors||9,052|5,927|
||||11,812|8,555|
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|Unrestricted
funds||||||
|---|---|---|---|---|---|
||At||||At|
||1 January|||Gains and 31 December||
||2021|Income|Expenditure|losses|2021|
|||2||||
|General funds|1,502,592|36,140|(21,829)|77,078|1,593,981|
||At||||At|
||1 January|||Gains and 31 December||
||2020|Income|Expenditure
f|losses|2020
2|
|Generalfunds|1,477,022|35,010|(15,399)|5,959|1,502,592|
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|Analysis of net as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2021|
|||2|2|
|Investments||1,563,418|1,563,418|
|Current assets||42,375|42,375|
|Creditors less than|1 year|(11,812)|(11,812)|
|Net assets||1,593,981|1,593,981|
|||Unrestricted|Total Funds|
|||Funds|2020|
||||2|
|Investments||1,460,115|1,460,115|
|Current assets||51,032|51,032|
|Creditors less than|1 year|(8,555)|(8,555)|
|Net assets||1,502,592|1,502,592|
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