Charlty number: 1141019
THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Bishop Fleming

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
CONTENTS
Page
Referen¢9 and administrative details of the Charity, Its Trustees and advisers
Trustees. report
Independent examinerfs report
ststement of financial actlvltles
Balance Sheet
Notes to the financial statements
8-16

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2022
Trustees
N C R Cronin
S J Cronin Iresigned 31 July 20221
D G Slora
ChaTity registered
numb8r
1141019
Principal office
4 Maple Close
Bcomyard
Herefordshire
HR7 4LQ
Accountants
Bishop Fleming LLP
Chartered Acwuntants
1-3 College Yard
Wor￿Ster
WR12LB
Bankers
HSBC Bank PLC
6 Broad Street
Worcester
WR12EJ
Sollcltors
Slallard March & Edwards LLP
8 Sansome Walk
Worcester
WR1 1LW
Page 1

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2022
The Trustees present their annual report together with the financial slalements of the Charity for Ihe 6 April 2021
to 5 April 2022. The Trustees confirm that the Annual Report and financial statements of the Gharity comply wf(h
the Current slalulory requirements, the requirements of the charity's governing document and the pfovisions of
the Statement of Recommended Practice ISORPI Aceounling and Reporting by Charities" issued in October
2019.
Objectives and activlties
a. Policies and objectives
Our main objectives and who we try lo help are described below. All of our charitable activities focus on providing
financial support lo institutions in the United Kingdom to benefit the community and are undertaken lo further our
charitable purposes for public benefit.
We have referred to the guidance contained in the Charity Commision's general guidance on public benefit when
reviewing our aims and objectives and in planning our future aclivilies.
The principal object of the charity is to provide financial support lo cha¥¢table. educational and religious
institutions within the United Kingdom.
In setting objectives and planning for activities. the Trustees have given due consideration lo general guidance
published by the Charity Commission relating to public benefit, inclucsing the guidarice 'Publi¢ benefit.. running a
charity IPB21'
b. Actlvltles undertaken to achieve oblecttves
We aim lo achieve our objectives by..
Making institutional grants and providing other financial assistance to charities, societies and institutions in the
UK to relieve povety, the advancement of education. the advancement of religion, the relief of sickness and
distress and other such charitable purposes beneficial to the community.
Achievement$ and performance
a. Review of activities
During the year we sought to achieve our aims by distributing £89.67012021." £124,300) in inslilutional grants, as
noted in Note 4 to the accounts. Due to the performance of the investment portfolio, we were able lo distribute
more.
The investment portfolio increased in value from £1,678,048 10 £1,698,465 and continued to make a positive
contribution to the running of the charity by way of geneiating £42,750 of income12021'. £40.8951.
b. Investment policy and perfomiance
The Trustees have detemiined that the funds available to the charity are sufficient for the day lo day running of
the Charity. Unless there is a significant increase in reserves the charity will retain all funds in the current account
that are not invested in the stock maikel
Page 2

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED S APRIL 2022
Financial review
. Golng eoncern
After making 8ppropiiate enquiries. the Trustees have a reasonable expectation that the Ch2rity has adequate
resources lo continue In operational existen￿ for the foreseeable futLE￿. For this reason, they continue lo adopt
the going concern basis in preparing the financial stalemenls. Further details regarding the adoption of the going
concern basis Can be found in the accounting policies.
b. Reserves poli¢y
The Twstees have reviewed the charitys need for reserves in line with the guidance issued by the Charity
Commission. The Trustees believe that the eharity has sufficient reseNes required to ensure the charity can run
efficiently and continue lo meet ils objecb'ves in the event of a loss of significant income streams, for
approximately 12 months. This figure is based on commitments to members, stsff, and other stakeholders, and
also takes into account costs of winding down the organisation rf necessary.
12 month operational costs currently equate lo £2,000 12021.. £2,000). and the charity has £1,793,068 12021..
£1,764.5721 in unrestricted reserves, however. £1.698,465 12021.. £1,678,084) is lied up in the Investment
portfolio.
¢. Flnan¢ial Review
During the year the charity had incoming resources of £43,58712021'. £40,895), all from investment income and
had resource5 expended of £1124.045 12021.. £138,018), mainly institutional grants generating a deficit of
£80,45812021.' £97,123 deficit} There w85 a net gain on investrnents of £108,95412021.' £349,993), leading lo
an overall surplus of £28,493 {2021. £252,870).
Al the year end there were unrestricted reserves of £1,793,06812021'. £1,764,572>, of which £1,698,465 related
lo investments held12021. £1.678.0841
structure. governan¢e and management
a. Constitution
The Albert and Elizabeth Clark Charitable Trust is a re9lStered charity, number 1141019, and is conslituled
under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms o* the Trust deed.
c. Organisational structure and deeision-making policies
The Trustee of the Charbty who held office during the financial period and al the date of this report are sel out on
page1.
At Trustees. meetings, the Trustees agree the broad strategy and areas of activity for the charity, including
consideration of grant making, Investment, reserves and risk management policies and performance. The day to
day administration of grants and the process of handling of applications is carried out by the Trustees.
Page 3

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2022
Structure, governance and management ICONTINUEDI
d. Financlal risk management
The Trustees have assessed the major risks lo which the Charity is exposed, in particular those related lo the
operations and finances of the Chanty, and are satisfied that systems and procedures are in place to mitigate
exposure lo the major risks.
Plans for fvture perfods
The outlook for the futuTr is uncertain and will no doubl brtng 8 number of new challenges.
We aim to develop and change wherever appropriate so as lo best serve our primary objectives.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees are responsible for preparing the Tru51ees' report and the financial statements in accordance with
applicable law and United Kingdom Aceounting Standards (United Kingdom Genet311y AGcepled Accounting
Practice}.
The law applicable to charities in England & Wales requires the Trustees lo prepare financial slalemenls for
each financial which give a true and fair view of the stale of affairs of the Charity and of ils incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to.
select suitsble accounting policies and then apply them consistently",
observe the methods and principles of the Charities SORP IFRS 1021,
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial slalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
Charity will continue in business.
The Tiustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection ol
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
N C R Cronln
Trustee
Date:
Page 4

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AL8ERT AND ELIZABETH
CLARK CHARITABLE TRUST {'tho Charity.)
I report to the charity Trustees on my examination of the accounts of Ihe Charity for the year ended 5 April 2022.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'the 2011 Act'l.
I report in respect of my examination of the Charity's aGcounls carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in
preference to the Accounting and Reporting by Charities. Slalemenl of Recommended Practice issued on 1 April
2005 which is referred lo in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Pra¢lice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in ¢onnection with the
examination giving me cause to believe that in any material iespecl..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts sel out in the Charities (Accounts anLI Reports) Regulation$ 2008 other than any requirement
that the accounts give a 'true and faiF' view which is not a matter considered as part of an independent
examination,. or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by ch8rib.es lapplicable to charities preparing theii
accounts in accordance wlh the Financial Repo￿.ng Standard appluble in the UK and Republi¢ of
Ireland IFRS 10211.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Charity's
Trustees those matters l am required to slate lo them in an Independent examiner's report ancl for no other
purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body. for my work or for this report.
Signed.
Dated.. 27th January 2022
Andrew Wood FCCA DCHA
BISHOP FLEMING LLP
Chartered Accountants
1-3 College Yard
wor￿Ster
WR1 2L8
Page 5

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2022
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
INCOME FROM:
Investments
43.587
43,587
40,895
TOTAL INCOME
43,587
43,587
40.895
EXPENDITURE ON:
Charitable activities
124,045
124,04S
138,018
TOTAL EXPENDITURE
124,045
124,045
138,018
NET EXPENDITURE BEFORE NET GAINS ON
INVESTMENTS
Net gains on investments
(80.4581
108,954
180.4581
108.954
197,123)
349,993
NET MOVEMENT IN FUNDS
28.496
28,496
252,870
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement in funds
1,764,572
28,496
1.764.572
28,496
1.511,702
252.870
TOTAL FUNDS CARRIED FORWARD
1.793,068
1.793,068
1,764,572
The Statement of Financial Activitie5 includes all gains and losses ￿COgniSed in the year.
The notes on pages 8 10 16 form part of these financial statements.
Page 6

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2022
2022
2021
Note
FIXED ASSETS
Investments
CURRENT ASSETS
1,698,465
1,678,084
DebloTS
Cash at bank and in hand
27,361
72,721
33,000
57,288
100.082
90,288
CreditOTS'. amounts falling due within one year
10
{5,479}
{3.8001
NET CURRENT ASSETS
94,603
86,488
TOTAL NET ASSETS
1.793.068
1,764,572
CHARITY FUNDS
UnreslTiCted funds
1,793,068
1.764,572
TOTAL FUNDS
1.793.068
1,764,572
The financial statements were approved ancl aulhorised for issue by the Trustees and signed on their behalf by".
N C R cronin
Trustee
Date..
The notes on pages 8 10 18 form part of these financial statements.
Page 7

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
GENERAL INFORMATION
The Albert and Elizabeth Clark Chantable Trust 1$ an unincorporated charity registered with the Charity
Commission In England. The registered office is 4 Maple Close, Bromyard. Herefordshire, HR7 4LQ.
The principal activity of the Charity is as dislcosed in the Trustees, Report on pages 2 to 4.
The charitys presentational and functional currency is GBP. The financial statements are rounded to the
nearest Pound.
ACCOUNTING POLICIES
2,1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The finartcial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordan￿ with the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'lrue and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'lrue
and fair. view. This departure has involved following the Chaiilies SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
practi￿ effective from 1 April 2005 which has since been withdrawn.
The Albert and Elr2abelh Clark Charitable Trust meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are initialty recognised at historical cost or transaction value unless
otherwise staled in the relevant accounting policy.
2.2 GOING CONCERN
The Trustees assess whether the use of going concem is appropriate, i.e. whether there are any
material uncertainties related lo events or conditions that may cast significant doubl on the ability of
the charity lo continue as a going concern. The Trustees make this assessment in respe¢l of a period
of one year from the dale of approval of the financial statements and have ¢oncluded that the charity
remains a going COn￿M.
2.3 INCOME
Al income is recognised once the Charity has entillemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised al the time the investment
income is receivable.
Page 8

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2022
ACCOUNTING POLICIES Icontlnuedl
2.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
lo a third paty, il is probable that a transfer of economie benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support Costs
involved in undertaking each activity. Direct costs attributsble to 8 single activity are allocated direcuy
to that activity. Shared costs which contribute to MO￿ than one activity and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basis consislenl with
the use of resources Central staff costs are allocated on the basis of time spenL and depre¢ialion
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the aclivrtie5 which fvrther the
Charity's objectives. as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those coses where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject lo conditions which have not been mel at the year end are noted as a
commitment, but not accrued as expenditu￿.
All expenditltre is inclusive of irrecoverable VAT.
2.5 INTEREST RECEIVABLE
Interest on funds held on deposit Is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
instrtutron wlh whom the fvnds are deposited.
2.6 INVESTMENTS
Fixed asset investments are a form of linancial instrument and are initially recognised al their
transaction cost and subsequently measured al fair value at the Balance sheet dale, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and piesenled as 'GainsllLossesl on
investments, in the Statement of financial activities.
2.7 DEBTORS
Tlade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the date of acquisition Of opening of the deposit or similar account.
Page 9

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
ACCOUNTING POLICIES l¢ontlnuedl
2.9 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balance sheet date as 8 result of a past
event. it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates il will pay to settle the debt or the
amount rt has received as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required to sellle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the diseount is recognised in the Statement of financial activities as a finance cost.
2.10 FINANCIAL INSTRUMENTS
The Charity only has financial assets and financial liabilitses of a kind that qualify as basic financi31
instruments B8sic financial instruments are initially recognised at Imnsaclion value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured al amortised cost using the effective interest method.
2.11 FUND ACCOUNTING
Genefftl funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated lo the appropriate fund.
Page 10

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
INVESTMENT INCOME
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Income fiom local listed investments
Interest received
42,750
837
42.750
837
40,736
159
43.587
43,587
40,895
TOTAL 2021
40,895
40,895
ANALYSIS OF GRANTS
Grants to
Institution$
2022
Total
funds
2022
Total
funds
2021
Grants payable
97,595
97,595
124,300
TOTAL 2021
124.300
124,300
Page11

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2022
The Charity has made the following material grants lo institutions during the year..
2022
2021
NAME OF INSTITUTION
Acton Mill Care Farm
Amionico Consort
Birmingham Royal Ballet
Blood Cancer UK (Previous￿.. Bloodwisel
Bromyard PCC
Brosley Parish Council Bell Fund
CABIWHABAC
Cancer Research UK
Citvzens Advice South Warickshire
Change Your Life Pul Down Your Knife CIC
Dyson Perrins Meuseum
Hereft)rd Food Bank
Indian School Project
Lifespace Twst
Macmillan Cancer Support
Mordiford Bells
3,000
11,000
5.000
3,000
8,000
5.000
3,000
5,000
7.000
4,000
4,000
5,000
3,000
5,000
3.500
2,000
2,000
5,000
3,000
5,000
3,000
7.500
5,000
4,000
National Youth Concert Band
Richard Cadbury Charitable Trust
Safeline
700
18,470
5.000
St Marys & St Benedict's CalholiG School
st Michael's Hospice
Towns Web Archiving
Watwick Music Live
Wor¢esler Cathedral
Worcester Community Trust
Worcelser Food Bank
Worcester Live
Other Grants
3,000
3.000
7,925
16,0001
3.000
10.000
3,000
1,000
2.000
9,000
5,000
22,000
5,000
3,000
10,000
5,800
97,595
124,300
Page 12

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
undertaken
dlrectly
2022
Grant
funding of
activities
2022
Total
fund$
2022
Total
funds
2021
Direct costs
26,450
97,595
124.045
138.018
TOTAL 2021
13,718
124.300
138,018
ANALYSIS OF DIRECT COSTS
Totsl
funds
2022
Total
funds
2021
Activities
2022
Professional fees
Broker Fees
10,588
15.862
10,588
15,862
2,000
11,718
26,450
26.450
13,718
TOTAL 2021
13,718
13,718
INDEPENDENT EXAMINER'S REMUNERATION
2022
2021
Fees payable to the Charity's independent examiner for the independent
examination of the Charitys annual accounts
2,340
1,800
TRUSTEES. REMUNERATION AND EXPENSES
During the year. no Trustees ￿ceiVed any remuneration or other benefits12021- £NILI.
During the year ended 5 April 2022, no Trustee expenses have been incurred12021- £NIL}.
Page 13

THE ALBERT AND ELIZABETrI CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2022
FIXED ASSET INVESTMENTS
Listed
invBstments
COST OR VALUATION
At 6 April 2021
Additions
Disposals
Revaluations
1,678.084
150.117
1238,7151
108,979
AT 5 APRIL 2022
1.698.465
NET BOOK VALUE
AT 5 APRIL 2022
1,698,465
AT 5 APRIL 2021
1,678,084
DEBTORS
2022
2021
DUE AFTER MORE THAN ONE YEAR
Loan receivables
24,643
26,361
24,643
26.361
DUE WITHIN ONE YEAR
Other debtors
2,718
6,639
27,361
33,000
Included within Other debtors is an amount of £Nil 12021.. £4,0001 that was loaned lo a Trustee of the
Charity
10. CREOITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Accfuals ané deferred in¢ome
5.479
3,800
Page 14

THE ALBERT AND ELIZABETH CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
11. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at 6
April 2021
Galnsl Balance at S
(Lossesl April 2022
Income Expenditure
UNRESTRICTED FUNDS
General Funds
1,764,572
43.587
{124.0451
108,954
1,793,068
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
6 April 2020
Gainsl
Balance al
(Losses) 5 April 2021
Income Expendilure
UNRESTRICTED FUNDS
General Funds - all funds
1.511,702
40.895
1138,0181
349,993
1,764,572
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestricted
funds
2022
Total
funds
2022
Fixed asset investments
1,698,465
23,643
76.439
15.4791
1,698,465
23,643
76.439
{5,4791
Debtors due after more than one year
Current assets
Creditors due within one year
TOTAL
1,793,068
1.793,088
Page 15

THE ALBERT AND ELIZABEfH CLARK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS ICONTINUEDI
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2021
Total
funds
2021
Fixed asset investments
Debtors due after more than one year
Current assets
Creditors due within one year
1,678.084
26,361
63,927
13.8001
1,878,084
26,361
63,927
{3,8001
TOTAL
1,764,572
1,764,572
13. RELATED PARTY TRANSACTIONS
In the prior year £4,000 was advanced to S J Cronin, a Trustee. as a loan. The loan was interest free wlth
no specific repayment terms and no formal agreement in place. The whole of this amount was
oulslanding at 5 April 2021 and is included in Other debtors. £4,000 has been repaid against this loan
during this financial year, leaving the amount remaining in debtors at 5 April 2022 as £Nil.
Page 16