| Contents | Page | ||
|---|---|---|---|
| Legal and | Administrative | information | |
| Report of | the Trustees | 24 | |
| Report of | the Independent | Auditor | |
| Statement | of Financial Activities | ||
| Balance Sheet | |||
| Notes to the financlal Statements | 10-14 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| (Unrestricted) | (Unrestricted) | ||||||
| 6 | 2 | ||||||
| Income and endowments: | |||||||
| Donations | 13,000 | 24,690 | |||||
| Investments | note 2 | ~93813 | 329 047 | ||||
| 806 463 | 353,737 | ||||||
| Expenditure on: |
|||||||
| Raising Funds | note 3 | 158,142 | 161,231 | ||||
| Charitable | activities | note 6 | 10000 | 22 001 | |||
| 88 142 | 83 32 | ||||||
| Net Income before | Investment | profit | 438,321 | 170,505 | |||
| Net gains and losses on | property | Investments | |||||
| Unreafised | profit | (loss) | on revaluation | of | |||
| investment | properties | note 7 | (186,733) | 112,500 | |||
| Net Income | 251,588 | 283,005 | |||||
| Fund Balance brought fonvard | 2386522 | 2102517 | |||||
| Fund Balance carried forward |
| Balance Sheet | |||||
|---|---|---|---|---|---|
| As at 31 March 2022 | |||||
| 2022 | 2021 | ||||
| (Unrestricted) | (Unrestricted) | ||||
| Investments | |||||
| Investment | property | note 7 | 3,885,000 | 3,735,000 | |
| Current assets | |||||
| Debtors | note 8 | ||||
| Cash at bank and | In hand | 35 M3 | 281 | ||
| Total current | assets | 214,281 | |||
| Creditors: amounts | falling | ||||
| due whhln | one | year | note 9 | 133291 | 163425 |
| Net current assets/(lhrbllltles) | ~5629 | 5D 856 | |||
| Total assets less current liabilities | 3,827,371 | 3,785,856 | |||
| Creditors: amounts | falling | ||||
| due after | one year | note 10 | 1183281 | I DDII335 | |
| ~26 |
| Rents receivable | |||
|---|---|---|---|
| 3.Cost of Raising funds | |||
| Property expensee | 2 | ||
| Repairs, rates and other property expenses | 46,716 | 43,703 | |
| Property management | expenses | ||
| Bank Interest | 106,142 | 114,949 | |
| Legal and professional | fees | 5255 | 2575 |
| 111,426 | 117,528 | ||
| 4.Trustees' remuneration |
| The trustees | The trustees | received nor waived any remuneration | during the year and no out of pocket expenses were |
|---|---|---|---|
| reimbursed | to trustees. | ||
| 6.Audltoffs | Remuneration | 2021 | |
| Audit Fee | 2 255I ~2 |
||
| ILCharitable | Actlvlffes |
| 7.Investment Property |
|||
|---|---|---|---|
| Valuation at beginning of year |
3,735,000 | 3,622,500 | |
| Additions to Investment property |
336,733 | ||
| Unreallsed profit (loss) on revaluation inveslment properties |
of | ~786733 | 500 |
| Valuation at end ofyear |
| Trade debtors | ||||
|---|---|---|---|---|
| 9.Creditors: amounts | falling due within one year | |||
| 2021 | ||||
| Bank Loans | 188,964 | 159,212 | ||
| Trade Creditors | 2,520 | 2,400 | ||
| Accruals and deposits | 1,813 | 1 813 | ||
| 193297 | 183425 | |||
| Bank loans totafing 21,337,559are secured against investment | properties | held by the trust | ||
| 10.Creditors: amounts | falling due after more than one year | |||
| Long term bank loans | 1 363558 | 1 400 335 |