2021-12-31-accounts - The Warehouse Trust

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		Page
Report ofthe Trustees	1	to	3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	6	to	7
Notes to the Financial Statements	8	to	15
Detailed Statement ofFinancial Activities	16	to	17

	Balance Sheet 31December 2021
		31.12.21	31.12.20
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets		8,004	6,106
Investments
Investment property	10	700,000	700,000
Social investments	11	100	100
		708,104	706,206
CURRENT ASSETS
Debtors	12	7,539	363
Cash at bank and in hand		3,517	13,364
		11,056	13,727
CREDITORS
Amounts falling due within one year	13	(34,672)	(37,428)
NET CURRENT ASSETS		(23,616)	(23,701)
TOTAL ASSETSLESSCURRENT
LIABILITIES		684,488	682,505
CREDITORS
Amounts falling due afier more than one year	14	(175,948)	(186,303)
NET ASSETS		508,540	496,202
FVITDS	\a IV
Unrestricted funds		508,540	496,202
TOTAL FUNDS		508,540	496,202

				31.12.21	31.12.20
	Hot desk income			698	3,574
	Cafe rentals			18,DDD	17,062
	Office rentals			42,513	26,887
	Room hire			406	2,282
	Refreshments			244	10
	Gallery Sales			7,000	769
	Recharged costs			1,680	1,680
	Service charges			385	476
	Donations			47	314
	Leisure workshops			622
				71,595	53,054
3.	INVESTMENT INCOME
				31.12.21	31.12.20
	Interest receivable - trading			1	1
4.	OTHER INCOME
	Other income represents		the surplus	on revaluation ofthe freehold property at Great Bow Wharf.
5.	RAISING FUNDS
	Raising donations	and	legacies
				31.12.21	31.12.2D
	Support costs			51,678	51,560

		31.12.21	31.12.20
			f
Depreciation	-owned assets	1,412	9,378
Surplus on disposal offixed assets		(50)

	Notes to the Financial Statements - for the Year Ended 31December	continued 2021
9.	TANGIBLE FIXEDASSETS
		Fixtures
		and
		fittings
		f
	COST
	At 1 January 2021	24,098
	Additions	3,310
	At 31December 2021	27,408
	DEPRECIATION
	At 1 January 2021	17,992
	Charge for year	1,412
	At 31 December 2021	19,404
	NET BOOKVALUE
	At 31December 2021	8,004
	At 31 December 2020	6,106
10.	INVESTMENT PROPERTY
	FAIRVALUE
	At 1 January 2021
	and 31December 2021	700,000
	NET BOOKVALUE
	At 31December 2021	700,000
	At 31 December 2020	700,000

DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
		31.12.21	31.12.20
Trade debtors		1,659	363
Other debtors		5,206
Prepayments		674
		7,539	363
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.21	31.12.20
Bank loans and overdratts	(see note 15)	18,310	23,055
Trade creditors		8,763	4,100
Other liabilities		1,570	4,902
Accruals		1,434	1,863
VAT		2,648	3,138
Other creditors		1,947	370
		34,672	37,428

			Notes to the Financial Statements	Notes to the Financial Statements	- continued
				for the Year Ended 31December 2021
14.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
						31.12.21	31.12.20
							6
	Other loans (see note 15)					175,948	186303
15.	LOANS
	An analysis ofthe maturity ofloans is given below:
						31.12.21	31.12.20
	Amounts falling due within		one year on demand;
	Bank loans					18,310	23,055
	Amounts falling due in more than			five years:
	Repayable by	instalments:
	Other loans more 5yrs instal					175,948	186,303
16.	MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.1.21	in funds	31.12.21
	Unrestricted	funds
	General fund				496,202	12,338	508,540
	TOTAL FUNDS				496,202	12,338	508,540
	Net movement	in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
	Unrestricted	funds
	General fund				82,648	(70,310)	12,338
	TOTAL FUNDS				82,648	(70,310)	12,338

			Detailed Statement ofFinancial Activities
			for the Year Ended 31December 2021
				31.12.21	31.12.20
					6
INCOME AND		ENDOWMENTS
Other trading	activities
Hot desk income				698	3,574
Cafe rentals				18,000	17,062
Office rentals				42,513	26,887
Room hire				406	2,282
Refreshments				244	10
Gallery Sales				7,000	769
Recharged costs				1,680	1,680
Service charges				385	476
Donations				47	314
Leisure workshops				622
				71,595	53,054
Investment income
Interest receivable - trading
Charitable activities
Grants				11,002	17,129
Other income
Gain on sale of	tangible fixed assets			50
Gain on reval'n	ofproperty				391,630
				50	391,630
Total incoming		resources		82,648	461,814
EXPENDITURE
Other trading	activities
Licensing					202
Bad debts provision					36
Management fees				14,902	9,910
Gallery Costs				3,643
Workshop Costs				87
				18,632	10,148