| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | |
| Report ofthe Independent | Auditors | 5 | to | 7 |
| Statement ofFinancial Activities | ||||
| Balance Sheet | ||||
| Notes to the Financial Statements | 10 | to | 16 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | E | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
12,263 | ||||
| Investment income |
199,792 | 178,495 | |||
| Total | 212,055 | 178,495 | |||
| EXPENDITURE ON | |||||
| Raising funds | 82,292 | 46,655 | |||
| Charitable activities |
|||||
| Grants payable | 75,000 | 160,000 | |||
| Other | 2,508 | 2,220 | |||
| Total | 159,800 | 208,875 | |||
| Net gains on investments | 564,635 | 397,139 | |||
| NET INCOME | 616,890 | 366,759 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 8,958,826 | 8,592,067 | ||
| TOTAL FUNDS CARRIED FORWARD | 9,575,716 | 8,958,826 |
| BALANCE SHEET 30November 2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Investments | |||
| investments | 4,691,233 | 3,356,630 | |
| Investment property |
4,712,000 | 5,5I2,000 | |
| 9,403,233 | 8,868,630 | ||
| CURRENT ASSETS | |||
| Debtors | 15,848 | 34,755 | |
| Cash at bank | 170,416 | 87,150 | |
| 186,264 | 121,905 | ||
| CREDITORS | |||
| Amounts falling due within one year |
10 | (13,781) | (31,709) |
| NET CURRENT ASSETS | 172,483 | 90,196 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 9,575,716 | 8,958,826 | |
| NETASSETS | 9,575,716 | 8,958,826 | |
| FUNDS | |||
| Unrestricted funds |
9,575,716 | 8,958,826 | |
| TOTAL FUNDS | 9,575,7 I6 | 8,958,826 |
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2022 | 2021 | ||
| E | |||
| Rents received | 79,176 | 94,692 | |
| Royalties | 2,003 | 609 | |
| Dividends | 118,552 | 83,194 | |
| Deposit account interest | 61 | ||
| 199,792 | 178,495 | ||
| RAISING FUNDS | |||
| Investment management |
costs | ||
| 2022 | 2021 | ||
| F | |||
| Rent collection | (967) | 7,544 | |
| Property repairs | 2,822 | 5,844 | |
| Maintenance charges |
3,712 | 3,367 | |
| insurance | 8,708 | 6,796 | |
| Council tax | 6,632 | 5,737 | |
| Bank charges | 252 | 252 | |
| Heat and Light | 3,294 | 858 | |
| Professional Fees |
57,823 | 16,257 | |
| Sundry Expenses | 16 | ||
| 82,292 | 46,655 | ||
| AUDITORS' REMUNERATION | |||
| 2022 | 2021 | ||
| Fees payable to the charity's | auditors for the audit ofthe charity's | ||
| financial statements | 1,860 | 1,740 |
| Unrestricted | ||||
|---|---|---|---|---|
| fund | ||||
| F | ||||
| INCOME AND ENDOWMENTS | FROM | |||
| Investment income |
178,495 | |||
| EXPENDITURE ON | ||||
| Raising funds | 46,655 | |||
| Charitable activities |
||||
| Grants payable | 160,000 | |||
| Other | 2,220 | |||
| Total | 208,875 | |||
| Net gains on investments | 397,139 | |||
| NET INCOME | 366,759 | |||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward | 8,592,067 | |||
| TOTAL FUNDS CARRIED FORWARD | 8,958,826 | |||
| FIXEDASSET INVESTMENTS | ||||
| 2022 | 2021 | |||
| Shares | 4,503,733 | 3,181,630 | ||
| Loans | 187,500 | 175,000 | ||
| 4,691,233 | 3,356,630 | |||
| Additional information |
as follows: | |||
| Listed | ||||
| investments | ||||
| MARKET VALUE | ||||
| At 1 December 2021 | 3,181,630 | |||
| Additions | 1,555,868 | |||
| Revaluations | (233,765) | |||
| At 30November 2022 | 4,503,733 | |||
| NET BOOK VALUE | ||||
| At 30 November 2022 | 4,503,733 | |||
| At 30 November 2021 | 3,181,630 |
| Other | ||
|---|---|---|
| loans | ||
| At 1 December 2021 | 175,000 | |
| Other movements | 12,500 | |
| At 30November | 2022 | 187,500 |
| Listed | |||
|---|---|---|---|
| investments | |||
| F | |||
| Valuation | in | 2018 | 65,062 |
| Valuation | in | 2019 | 279,936 |
| Valuation | in | 2020 | 46,578 |
| Valuation | in | 2021 | 397,139 |
| Valuation | in | 2022 | (233,765) |
| Cost | 3,948,783 | ||
| 4,503,733 |
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE | |
| At 1 December 2021 | 5,512,000 |
| Disposals | (800,000) |
| At 30November 2022 | 4,712,000 |
| NET BOOK VALUE | |
| At 30November 2022 | 4,712,000 |
| At 30November 2021 | 5,512,000 |
| DEBTORS:A | MOUNT | S F |
ALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | |||||
| Other debtors | 5,495 | 102 | |||
| Prepayments | and accrued | income | 5,015 | 28,915 | |
| Prepayments | 5,338 | 5,738 | |||
| 15,848 | 34,755 | ||||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | ||||
| Accruals and deferred | income | 9,937 | 8,583 | ||
| Accrued expenses | 3,844 | 23,126 | |||
| 13,781 | 31,709 |
| MOVEMENT | IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| At | movement | At | ||
| 1.12.21 | in funds | 30.11.22 | ||
| E | ||||
| Unrestricted | funds | |||
| General fund | 8,958,826 | 616,890 | 9,575,716 | |
| TOTAL FUNDS | 8,958,826 | 616,890 | 9,575,716 |
| Net movemen | t in funds, included |
in the above are as follow | s: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| E | |||||
| Unrestricted | funds | ||||
| General fund | 212,055 | (159,800) | 564,635 | 616,890 | |
| TOTAL FUNDS | 212,055 | (159,800) | 564,635 | 616,890 |
| Net | ||||
|---|---|---|---|---|
| At | movement | At | ||
| 1.12.20 | in funds | 30.11.21 | ||
| Unrestricted | funds | |||
| General fund | 8,592,067 | 366,759 | 8,958,826 | |
| TOTAL FUNDS | 8,592,067 | 366,759 | 8,958,826 |
| Comparative | net movement in fun |
ds, included in the above |
are as follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| F | |||||
| Unrestricted | funds | ||||
| General fund | 178,495 | (208,875) | 397,139 | 366,759 | |
| TOTAL FUNDS | 178,495 | (208,875) | 397,139 | 366,759 |
| A current yea | r 12months and prior year |
12months combined position is as |
follows: | |
|---|---|---|---|---|
| Net | ||||
| At | movement | At | ||
| 1.12.20 | in funds | 30.11.22 | ||
| E | F | |||
| Unrestricted | funds | |||
| General fund | 8,592,067 | 983,649 | 9,575,716 | |
| TOTAL FUNDS | 8,592,067 | 983,649 | 9,575,716 |
| A current ye above are as |
ar 12 months and p follows: |
rior year 12 months combi |
ned net movem |
ent in funds, |
included in |
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| F | E | F | |||
| Unrestricted | funds | ||||
| General fund | 390,550 | (368,675) | 961,774 | 983,649 | |
| TOTAL FUNDS | 390,550 | (368,675) | 961,774 | 983,649 |