| Page | |||
|---|---|---|---|
| Company Information |
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| Report ofthe Trustees | |||
| Report ofthe Independent | Examiner | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements |
| Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| General | Funds | Funds | |||||
| Note | Funds | 31,07.23 | 31.07.22 | ||||
| INCOME | |||||||
| Investment Income |
173,097 | 173,097 | 189,689 | ||||
| Other incoming resources: |
|||||||
| Sundry income | 199 | ||||||
| Legacy income | 250 | 250 | |||||
| Total Income | 173,347 | 173)347 | 189,888 | ||||
| EXPENDITURE | |||||||
| Charitable activities |
147,824 | 147)824 | 169,755 | ||||
| Total Expenditure | 147,824 | 147,824 | 169,755 | ||||
| Net income for the | year before | ||||||
| gains/(losses) on investments |
25,523 | 25,523 | 20, | 133 | |||
| Net Gains /(Losses)on | investments | (3,910) | (3,910) | ||||
| Net income for the | year and net | ||||||
| movement in funds |
21,613 | 21,613 | 20, | 133 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 2733 816 | 2,733816 | 2 713,683 | |||
| Total funds carried | forward | 2 755429 | 2755,429 | 2,733,816 |
| BALANCE 31st |
SHEET ASAT JULY 2023 |
|||||
|---|---|---|---|---|---|---|
| 31.07.23 | 31,07,22 | |||||
| Notes | ||||||
| FIXEDASSETS: | ||||||
| Tangible fixed assets | 9 | 134 | 167 | |||
| Investments —Investment | properties | 10 | 3,350,501 | 3,350,501 | ||
| —Other investments | 136,180 | 140,090 | ||||
| 3,486,S15 | 3,490,758 | |||||
| CURRENT ASSETS: | ||||||
| Debtors | 3,095 | 3,429 | ||||
| Cash at bank | 16,517 | 44,742 | ||||
| 19,612 | 48,171 | |||||
| CREDITORS: Amounts | falling | |||||
| due within one year |
12 | 150,653 | 148,507 | |||
| NET CURRENT (LIABILITIES): | (131,041) | (100,336) | ||||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES: | 3,355,774 | 3,390,422 | ||||
| CREDITORS: Amounts | falling | |||||
| due after one year | 13 | 600,345 | 656,606 | |||
| TOTAL NET ASSETS | 2,755,429 | 2,733,816 | ||||
| RESERVES: | ||||||
| General fund - Unrestricted | 2 255429 | 2,733,816 | ||||
| TOTAL CHARITY FUNDS | 2,755,429 | 2,733,816 |
| INVESTMKNT INCOME | ||
|---|---|---|
| 31.07.23 | 31.07.22 | |
| Investment properties: |
||
| Rents receivable | 170,876 | 169,257 |
| Contributions received from Tenants towards property costs |
2,210 | 20,432 |
| Interest income | 11 | |
| 173,097 | 189,689 |
| as a result ofthe secretai propeities. |
y's continu |
ed project managemen |
t ofthe refurbishm |
ent ofthe ch |
arity's inve |
|---|---|---|---|---|---|
| General | |||||
| Support | Governance | ||||
| Costs | Costs | ||||
| Total | Total | ||||
| 2023 | 2023 | 2023 | 2022 | ||
| Legal and professional Repairs and maintenance Independent examination Insurance |
costs fee |
6,850 57,038 8,762 |
5,196 | 6,850 57,038 5,196 8,762 |
5,723 98,693 4,662 8,097 |
| Rates, light and heat costs General office costs |
9,609 935 |
9,609 935 |
11,719 894 |
||
| Bank charges and loan fees Bank loan interest |
255 42,492 |
255 42,492 |
281 25,388 |
||
| Other loan interest | 3,070 | 3,070 | 2,351 | ||
| Depreciation | 33 | 33 | 42 | ||
| Administration costs |
10,770 | 10,770 | 7,800 | ||
| Sundries | 314 | 314 | 105 | ||
| 140,128 | 5,196 | 145,324 | 165,755 | ||
| Governance costs in 2022 amounted |
to K4,662. |
| 31.07.23 | 31.07,22 |
|---|---|
| 5,196 | 4,662 |
| EDASSETS | ||||
|---|---|---|---|---|
| Fixtures | 8r, | |||
| Fittings | Total | |||
| Cost | ||||
| At 1"August 2022 | 2,350 | 2,350 | ||
| Additions | ||||
| Disposals | ||||
| At 31"July 2023 | 2,350 | 2,350 | ||
| Depreciation | ||||
| At 1"August 2022 Charge for year At 31"July 2023 |
2,183 33 2,216 |
2,183 33 2,216 |
||
| Net BookValues | ||||
| At 31"July 2023 | 134 | 134 | ||
| At 31"July 2022 | 167 | 167 |
| VESTMKNTS | |||||
|---|---|---|---|---|---|
| Investment | Properties | Other Investments | |||
| 2023 | 2022 | 2023 | 2022 | ||
| As at 1"August 2022 | 3,350,501 | 3,350,501 | 140,090 | 140,090 | |
| Additions in the year |
|||||
| Disposals in the year |
|||||
| Revaluations | |||||
| Impairment | (3,910) | ||||
| As at 31"July 2023 | 3,350,501 | 3,350,501 | 136,180 | 140,090 |
| 11. | DEBTORS: | ||||
|---|---|---|---|---|---|
| AMOUNTS | FALLING DUK WITHIN ONE YEAR | ||||
| 31.07.23 | 31.07.22 | ||||
| Prepayments | and accrued income | 3,095 | 3,429 | ||
| 3,095 | 3,429 | ||||
| 12. | CREDITORS: | ||||
| AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 31.07,23 | 31,07.22 | ||||
| Accruals and | deferred | income | 31,073 | 24,820 | |
| Other creditors | 2,500 | 4,613 | |||
| Other loans | 61,551 | 62,351 | |||
| Bank loans | 55,529 | 56,723 | |||
| 150,653 | 148,507 |
| OPERATING LEASE COMMITMKNTS RECEIVAB | LE | |
|---|---|---|
| 31.07.23 | 31.07.22 | |
| Not later than one year | 79,835 | 65,360 |
| Later than one year but not later than five years | 176,080 | 241,440 |
| Later than five years | ||
| 255,915 | 306,800 |