| Page | ||
|---|---|---|
| Legal and administrative | information | |
| Directors' report | ||
| independent auditor's |
report | |
| Statement offinancial | activities | 10 |
| Balance sheet | ||
| Cashflow statement | 12 | |
| Notes to the financial | statements | 13 |
| Directors | Mark Hancock | |||||
|---|---|---|---|---|---|---|
| Julian Smith | ||||||
| Katie Bond | ||||||
| Hugh Bullock | ||||||
| Lisa Duckworth | appointed | 10/02/22 | ||||
| Secretary | Hugh Bruce-Watt | |||||
| Registered | Office | 1Lancaster Place | ||||
| Strand | ||||||
| London | ||||||
| WC2E 7ED | ||||||
| Company | registration | number | 06455755 | |||
| Charity number | 1130880 | |||||
| Auditors | Saffery Champness | LLP | ||||
| 71Queen Victoria Street | ||||||
| London | ||||||
| EC4V 4BE | ||||||
| Coutts 5Co | ||||||
| 440 Strand | ||||||
| London | ||||||
| WC2R OQS | ||||||
| Solicitors | Trowers and Hamlins | |||||
| 3 Bunhill Row | ||||||
| London | ||||||
| EC1Y8YZ |
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| Income from: | ||||
| Charitable activities |
1,088,965 | 184,815 | ||
| Other | 162 | |||
| Total income | 1,089,014 | 184,977 | ||
| Expenditure on: |
||||
| Charitable activities |
114,673 | 96,051 | ||
| Total expenditure | 114,673 | 96,051 | ||
| Other gains and losses | ||||
| Net income for the | year | 974,341 | 88,926 | |
| Net movement in funds |
974,341 | 88,926 | ||
| Total funds brought | forward | 5,680,560 | 5,591,634 | |
| Total funds carried | forward | 6,654,901 | 5,680,560 |
| Notes | 2022 | 2021 | |
|---|---|---|---|
| Fixed assets | |||
| Tangible assets | 5,900,921 | 5,197,989 | |
| Current assets | |||
| Debtors | 220,969 | 26,847 | |
| Cash at bank | 594,415 | 471,335 | |
| Current liabilities | |||
| Creditors | 10 | (61,404) | (15,611) |
| Net current assets | 753,980 | 482,571 | |
| Net assets | 6,654,901 | 5,680,560 | |
| Reserves | |||
| Unrestricted funds: |
|||
| General Fund |
753,979 | ||
| Designated Fund |
5,900,922 | 5,680,560 | |
| Net funds | 6,654,901 | 5,680,560 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | f | |||||
| Net cash provided by/(used |
in) | 825,963 | 60,187 | |||
| operating activities |
||||||
| Cash flows from investing | activities | |||||
| Purchase oftangible assets | (702,932) | (116,989) | ||||
| Interest received | 49 | 162 | ||||
| Net cash used in investing | activities | (702,883) | (116,827) | |||
| Net (decrease)/increase in |
cash | 123,080 | (56,640) | |||
| Cash at the beginning ofthe year |
471,335 | 527,975 | ||||
| Cash at the end ofthe year | 594,415 | 471,335 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| f | ||||||||||
| Donation | from Duchy ofLancaster | 900,000 | ||||||||
| Rent receivable | from affordable | housing | 188,965 | 184,815 | ||||||
| 1,088,965 | 184,815 | |||||||||
| 4. | Other | |||||||||
| 2022 | 2021 | |||||||||
| f | ||||||||||
| Bank interest | 162 | |||||||||
| 49 | 162 | |||||||||
| Charitable | activities | |||||||||
| 2022 | 2021 | |||||||||
| f | f | |||||||||
| Property | maintenance | and | repairs | 67,673 | 59,240 | |||||
| Property | management | fees | 22,708 | 14,181 | ||||||
| Other legal and | professional | fees | 4,420 | 8,295 | ||||||
| Bank charges | ||||||||||
| Audit fees | 5,528 | 5,700 | ||||||||
| Insurance | costs | 13,884 | 8,290 | |||||||
| Bad and | doubtful | debts | 460 | 345 | ||||||
| 114,673 | 96,051 | |||||||||
| Other gains and | losses | |||||||||
| fixed asset | investments | |||||||||
| 2022 | 2021 | |||||||||
| f | f | |||||||||
| Changes | in | the fair value of | investment | properties |
| Tangible fixed assets | |
|---|---|
| Land and | |
| Buildings | |
| Cost | |
| At 1April 2021 | 5,197,989 |
| Additions | 702,932 |
| Revaluation | |
| At 31March 2022 | 5,900,921 |
| Debtors | |||
|---|---|---|---|
| 2022 | 2021 | ||
| f | f | ||
| Other debtors | 220,969 | 26,847 | |
| 220,969 | 26,847 | ||
| 10. | Creditors | ||
| 2022 | 2021 | ||
| Creditors | 61,404 | 15,611 | |
| 61,404 | 15,611 |
| Unrestricted | Unrestricted | As at 1 April 2021 f |
incoming resources f |
Outgoing resources f |
Investments Gains/ (losses) f |
Transfers between funds f |
As at 31 March 2022 |
|---|---|---|---|---|---|---|---|
| funds: | |||||||
| General funds Designated |
5,680,560 | 1,089,014 | (114,673) | (5,900,922) | 753,979 | ||
| funds | |||||||
| Property | Fund | 5,900,922 | 5,900,922 | ||||
| 5,680,560 | 1,089,014 | (114,673) | 6,654,901 |
| 2021 | |||||
|---|---|---|---|---|---|
| f | |||||
| Net income/(expenditure) | for the reporting | period | 974,341 | 88,926 | |
| Adjustments for: |
|||||
| Interest received (Increase)/decrease in debtors Increase/(decrease) in creditors within one (Gain)/loss on investment property |
year | (49) (194,122) 45,793 |
(162) (18,877) (9,700) |
||
| 825,963 | 60,187 |