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|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|
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||||||||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|
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|||||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|
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|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|
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|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|||||
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|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|
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|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|
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|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|
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|||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|
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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Restricted funds||||
|Restricted|597,172|(682,554)|(85,382)|
|TOTAL FUNDS|597,172|(682,554)|(85,382)|
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