| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 | |
| Report ofthe Independent | Auditors | 4 | to | 7 |
| Statement ofFinancial Activities | ||||
| Balance Sheet | ||||
| Notes to the Financial Statements | 10 | to | 17 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| fund | fund | funds | funds | |||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 4,419 | 4,419 | 125,023 | ||||
| Charitable | activities | |||||||
| Restricted | 10,000 | |||||||
| Investment | income | 257,063 | 257,063 | 200,667 | ||||
| Total | 261,482 | 261,482 | 335,690 | |||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | |||||||
| Restricted | 189,464 | 189,464 | 493,090 | |||||
| NET INCOME/(EXPENDITURE) | 72,018 | 72,018 | (157,400) | |||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds | brought forward |
4, 131,746 | 4,131,746 | 4,289,146 | ||||
| TOTAL FUNDS CARRIED FORWARD | 4,203,764 | 4,203,764 | 4,131,746 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 123,311 | 123,311 | 94,824 | ||
| Investment property |
6,450,000 | 6,450,000 | 6,450,000 | ||
| 6,573,311 | 6,573,311 | 6,544,824 | |||
| CURRENT ASSETS | |||||
| Debtors | 10 | 644,906 | 644,906 | 295,708 | |
| Cash at bank | 25,048 | 25,048 | 584,117 | ||
| 669,954 | 669,954 | 879,825 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
(257,500) | (257,500) | (268,498) | ||
| NET CURRENT ASSETS | 412,454 | 412,454 | 611,327 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 6,985,765 | 6,985,765 | 7,156,151 | ||
| CREDITORS | |||||
| Amounts falling due after more than one year |
12 | (2,782,001 ) | (2,782,001) | (3,024,405 ) | |
| NET ASSETS | 4,203,764 | 4,203,764 | 4,131,746 | ||
| FUNDS | 14 | ||||
| Restricted funds | 4,203,764 | 4,131,746 | |||
| TOTAL FUNDS | 4,203,764 | 4,131,746 |
| INVESTMENT INCOME | ||
|---|---|---|
| 2022 | 2021 | |
| Rents and insurance received |
257,063 | 200,667 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): |
||
| 2022 | 2021 | |
| Auditors' remuneration |
4,200 | |
| Depreciation -owned assets |
12,935 | 3,440 |
| Goodwill amortisation |
346,668 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
125,023 | 125,023 | |||
| Charitable activities |
|||||
| Restricted | 10,000 | 10,000 | |||
| Investment income |
200,667 | 200,667 | |||
| Total | 335,690 | 335,690 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Restricted | 493,090 | 493,090 | |||
| NET INCOME/(EXPENDITURE) | (157,400) | (157,400) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 4,289,146 | 4,289,146 | |||
| TOTAL FUNDS CARRIED FORWARD | 4,131,746 | 4,131,746 | |||
| 7. | INTANGIBLE FIXEDASSETS | ||||
| Goodwill | |||||
| COST | |||||
| At 1stMarch 2021 and | 28th February | 2022 | 400,000 | ||
| AMORTISATION | |||||
| At 1stMarch 2021 and | 28th February | 2022 | 400,000 | ||
| NET BOOK VALUE | |||||
| At 28th February 2022 | |||||
| At 28th February 2021 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Fixtures, | |||
| Improvements | fittings | ||
| to | and | ||
| properly | equipment | Totals | |
| COST | |||
| At 1st March 2021 | 84,506 | 47,822 | 132,328 |
| Additions | 41,422 | 41,422 | |
| At 28th February 2022 | 84,506 | 89,244 | 173,750 |
| DEPRECIATION | |||
| At 1stMarch 2021 | 37,504 | 37,504 | |
| Charge for year | 12,935 | 12,935 | |
| At 28th February 2022 | 50,439 | 50,439 | |
| NET BOOK VALUE | |||
| At 28th February 2022 | 84,506 | 38,805 | 123,311 |
| At 28th February 2021 | 84,506 | 10,318 | 94,824 |
| INVESTMENT PROPERTY | |||
| FAIR VALUE | |||
| At 1stMarch 2021 | |||
| and 28th February 2022 | 6,450,000 | ||
| NET BOOK VALUE | |||
| At 28th February 2022 | 6,450,000 | ||
| At 28th February 2021 | 6,450,000 |
| DEBTORS:AMOUNTS FALLING DUE WIT | HIN ONE YEAR | |
|---|---|---|
| 2022 | 2021 | |
| Other debtors | 635,120 | 289,465 |
| VAT | 6,300 | 2,757 |
| Prepayments | 3,486 | 3,486 |
| 644,906 | 295,708 |
| 11. | CREDITORS: AMOUNT | S FALLING DUE WITHIN O | NE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Bank loans and overdrafts | (see note 13) | 250,000 | 250,000 | ||
| Deferred rent and insurance | received | 9,448 | |||
| Accrued expenses | 7,500 | 9,050 | |||
| 257,500 | 268,498 | ||||
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | |||
| 2022 | 2021 | ||||
| Bank loans (see note 13) | 2,768,744 | 3,024,405 | |||
| Deferred Grant Income | 13,257 | ||||
| 2,782,001 | 3,024,405 | ||||
| 13. | LOANS | ||||
| An analysis ofthe maturity | ofloans is given below: | ||||
| 2022 | 2021 | ||||
| Amounts falling due within |
one year on demand: | ||||
| Bank loans | 250,000 | 250,000 | |||
| Amounts falling due between two and five years: |
|||||
| Bank loans - 2-5 years | 2,768,744 | 3,024,405 | |||
| The loan is secured by way | offirst charge on the investment | property. | |||
| 14. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.3.21 | in funds | 28.2.22 | |||
| Restricted funds | |||||
| Restricted | 4,131,746 | 72,018 | 4,203,764 | ||
| TOTAL FUNDS | 4,131,746 | 72,018 | 4,203,764 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Restricted | funds | |||
| Restricted | 261,482 | (189,464) | 72,018 | |
| TOTAL FUNDS | 261,482 | (]89,464) | 72,018 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.3.20 | in funds | 28.2.21 | |
| Restricted funds | |||
| Restricted | 4,289,146 | (157,400) | 4,131,746 |
| TOTAL FUNDS | 4,289,146 | (157,400) | 4,131,746 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Restricted | funds | |||
| Restricted | 335,690 | (493,090) | (157,400) | |
| TOTAL FUNDS | 335,690 | (493,090) | (157,400) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.3.20 | in funds | 28.2.22 | ||
| Restricted | funds | |||
| Restricted | 4,289,146 | (85,382) | 4,203,764 | |
| TOTAL FUNDS | 4,289,146 | (85,382) | 4,203,764 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Restricted funds | |||
| Restricted | 597,172 | (682,554) | (85,382) |
| TOTAL FUNDS | 597,172 | (682,554) | (85,382) |