| PAGES | |||||
|---|---|---|---|---|---|
| Trustees' | Annual Report (Incorporating | the | Director's Report) | Ito3 | |
| Independent Auditor's |
Report to the Members | 4to 8 | |||
| Statement | ofFinancial | Activities including | Income and Expenditure | ||
| Account) | |||||
| Statement | ofFinancial | Position | 10 | ||
| Statement | ofCash Flows | ||||
| Notes to | the Financial | Statements | 12to 18 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and endowments | ||||||||
| Donations and |
legacies | 5 | 1,343,425 | 308,232 | 1,651,657 | 805,398 | ||
| Other income | 6 | 64,181 | 64,181 | 149,881 | ||||
| Total income | 1,407,606 | 308,232 | 1,715,838 | 955,279 | ||||
| Expenditure | ||||||||
| Expenditure on |
charitable | activities | 7,8 | (918,527) | (918,527) | (748,371) | ||
| Total expenditure | (918,527) | — | (918,527) | (748,371) | ||||
| Net income | 489,079 | 308,232 | 797411 | 206,908 | ||||
| Transfers between | funds | 216,039 | (216,039) | |||||
| Net movement | in | funds | 705,118 | 92,193 | 797,311 | 206,908 | ||
| Reconciliation | offunds | |||||||
| Total funds brought | forward | 4,219,707 | 202,807 | 4,422,514 | 4,215,606 | |||
| Total funds carried forward | 4,924,825 | 295,000 | 5,219,825 | 4,422,514 |
| 31MARC | H 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | f. | |||||
| Fixed assets | ||||||
| Tangible fixed assets | 13 | 6,927,852 | 6,534,505 | |||
| Current assets | ||||||
| Debtors | 14 | 3475 | 3,375 | |||
| Cash at bank and in | hand | 386,941 | 282,063 | |||
| 390416 | 285,438 | |||||
| Creditors: amounts | falling due within one year | 15 | (33,843) | (96,679) | ||
| Net current assets | 356,473 | 188,759 | ||||
| Total assets less current | liabilities | 7,284425 | 6,723,264 | |||
| Creditors: amounts | falling due after more than | |||||
| one year | 16 | (2,064,500) | (2,300,750) | |||
| Net assets | 5419,825 | 4,422,514 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 295,000 | 202,807 | ||||
| Unrestricted funds: |
||||||
| Revaluation reserve |
1,478,620 | 1,478,620 | ||||
| Unrestricted income |
funds | 3,446&205 | 2,741,087 | |||
| Total unrestricted | funds | 4,924,825 | 4,219,707 | |||
| Total charity funds | 17 | 5419,825 | 4,422,514 |
| COMPANY LIMITED BYGUARANTEE | COMPANY LIMITED BYGUARANTEE | COMPANY LIMITED BYGUARANTEE | COMPANY LIMITED BYGUARANTEE | |||
|---|---|---|---|---|---|---|
| STATEMENT OF CASH FLOWS | ||||||
| YEARENDED 31MARCH 2022 | ||||||
| 2022 | 2021 | |||||
| f. | ||||||
| Cash flows from operating | activities | |||||
| Net income | 797,311 | 206,908 | ||||
| Adjustments for: | ||||||
| Depreciation oftangible fixed | assets | 72,593 | 66,660 | |||
| Interest payable and similar | charges | 854 | 1,003 | |||
| Accrued (income)/expenses | (9,000) | 8,400 | ||||
| Changesin: | ||||||
| Trade and other debtors | 11,094 | |||||
| Trade and other creditors | (290,086) | 15,791 | ||||
| Cash generated from operations |
571,672 | 309,856 | ||||
| Interest paid | (854) | (1,003) | ||||
| Net cash Irom operating activities |
570,818 | 308,853 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible assets | (465,940) | (124,603) | ||||
| Net cash used in investing | activities | (465,940) | (124,603) | |||
| Net increase in cash and | cash | equivalents | 104,878 | 184,250 | ||
| Cash and cash equivalents | at | beginning | ofyear | 282,063 | 97,813 | |
| Cash and cash equivalents | at | end ofyear | 386,941 | 282,063 |
| DONATIO | NS AND LEGACIES |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Donations | ||||
| Donations | 1,236,275 | 297,400 | 1,533,675 | |
| Voluntary | contributions | 107,150 | 107,150 | |
| Grants | ||||
| Grants | 10,832 | 10,832 | ||
| 1,343,425 | 308,232 | 1,651,657 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Donations | ||||
| Donations | 404,230 | 303,900 | 708,130 | |
| Voluntary | contributions | 85,146 | 85,146 | |
| Grants | ||||
| Grants | 2,000 | 10,122 | 12,122 | |
| 491,376 | 314,022 | 805,398 |
| 6. | YE OTHER INCOME |
AR ENDED 31MAR | CH 2022 | CH 2022 | ||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| Other income | 64,181 | 64,181 | 149,881 | 149,881 | ||
| 7. | EXPENDITURE ON CHARITABLE ACTIVITIES | BYFUND TYPE | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| f. | ||||||
| Provision ofEducation | 910,785 | 910,785 | 718,375 | 718,375 | ||
| Support costs | 7,742 | 7,742 | 29,996 | 29,996 | ||
| 918,527 | 918,527 | 748,371 | 748,371 |
| 8. | EXPENDITURE ON | CHARITA | BLE A | CTIVITIE | S BY | ACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||
| undertaken | Total funds | Total fund | ||||||
| directly f |
Support costs | 2022 | 2021 | |||||
| Provision ofEducation | 910,785 | 910,785 | 718,375 | |||||
| Governance costs |
7,742 | 7,742 | 29,996 | |||||
| 910,785 | 7,742 | 918,527 | 748,371 | |||||
| 9. | NET INCOME | |||||||
| Net income is stated after charging/(crediting): | ||||||||
| 2022 | 2021 | |||||||
| f | ||||||||
| Depreciation oftangible | fixed assets | 72,593 | 66,660 | |||||
| 10. | AUDITORS REMUNERATION | |||||||
| 2022 | 2021 | |||||||
| Fees payable for the audit ofthe financial | statements | 7,800 | 8,400 | |||||
| 11. | STAFF COSTS | |||||||
| The total staff costs and | employee | benefits | for the reporting | period are analysed as |
follows: | |||
| 2022 | 2021 | |||||||
| Wages and salaries | 617,553 | 541,775 | ||||||
| Social security costs | 40,345 | 30,874 | ||||||
| Employer contributions |
to pension | plans | 8,820 | 6,738 | ||||
| 666,718 | 579,387 |
| incurred by the trustees for services pro TANGIBLE FIXEDASSETS |
vided to the charity. | ||
|---|---|---|---|
| Freehold | Fixtures and | ||
| property f |
fittings | Total f |
|
| Fair value | |||
| At 1 April 2021 | 6,680,330 | 130,533 | 6,810,863 |
| Additions | 456,171 | 9,769 | 465,940 |
| At 31March 2022 | 7,136,501 | 140,302 | 7476,803 |
| Depreciation | |||
| At 1 April 2021 | 235,102 | 41,256 | 276,358 |
| Charge for the year | 58,563 | 14,030 | 72,593 |
| At 31March 2022 | 293,665 | 55,286 | 348,951 |
| Carrying amount |
|||
| At 31March 2022 | 6,842,836 | 85,016 | 6,927,852 |
| At 31March 2021 | 6,445,228 | 89,277 | 6,534,505 |
| DEBTORS | |||
| 2022 | 2021 | ||
| Other debtors | 3475 | 3,375 |
| CREDITORS: amounts falling due within one yea |
r | |
|---|---|---|
| 2022 | 2021 | |
| 8 | ||
| Trade creditors | 11,925 | 2,625 |
| Accruals and deferred income | 7,800 | 16,800 |
| Social security and other taxes | 12,042 | 9,004 |
| Other creditors | 2,076 | 68,250 |
| 33,843 | 96,679 |
| 2022 | 2021 |
|---|---|
| 2,064,500 | 2,300,750 |
| Unrestricted | funds | ||||||
|---|---|---|---|---|---|---|---|
| At | 4,t 31March | ||||||
| I | April 2021 | Income | Expenditure | Transfers | 2022 | ||
| General funds | 2,741,087 | 1,407,606 | (918,527) | 216,039 | 3,446,205 | ||
| Revaluation | reserve | 1,478,620 | 1,478,620 | ||||
| 4,219,707 | 1,407,606 | (918,527) | 216,039 | 4,924,825 | |||
| At | At 31 March | ||||||
| I April 2020 | Income | Expenditure | Transfers | 2021 | |||
| General funds | 2,736,986 | 641,257 | (748,371) | 111,215 | 2,741,087 | ||
| Revaluation | reserve | 1,478,620 | 1,478,620 | ||||
| 4,215,606 | 641,257 | (748,371) | 111,215 | 4,219,707 |
| 17. | ANALYSIS OF C Restricted funds |
HA | RITAB | LE FUN | DS (eeniinned) | |||
|---|---|---|---|---|---|---|---|---|
| At | At 31March | |||||||
| 1 April 2021 | Income | Expenditure | Transfers | 2022 | ||||
| Restricted Funds | 202,807 | 308,232 | (216,039) | 295,000 | ||||
| At | At 31 March | |||||||
| 1 April 2020 | Income | Expenditure | Transfers | 2021 | ||||
| Restricted Funds | 314,022 | (111,215) | 202,807 | |||||
| 18. | ANALYSIS OF NET ASSETSBETWEEN FUNDS | |||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| Tangible fixed assets | 6,927,852 | 6,927,852 | ||||||
| Current assets | 95,316 | 295,000 | 390,316 | |||||
| Creditors less than | 1 year | (33,843) | (33,843) | |||||
| Creditors greater than | 1 year | (2,064,500) | (2,064,500) | |||||
| Net assets | 4,924,825 | 295,000 | 5819,825 | |||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| Tangible fixed assets | 6,534,505 | 6,534,505 | ||||||
| Current assets | 82,631 | 202,807 | 285,438 | |||||
| Creditors less than | 1 year | (96,679) | (96,679) | |||||
| Creditors greater than | 1 year | (2,300,750) | (2,300,750) | |||||
| Net assets | 4,219,707 | 202,807 | 4,422,514 | |||||
| 19. | ANALYSIS OF CHANGES | IN NET | DEBT | |||||
| At | ||||||||
| At 1 Apr 2021 | Cash flows | 31Mar 2022 | ||||||
| Cash at bank and in | hand | 282,063 | 104,878 | 386,941 | ||||
| 20. | RELATED PARTIES |