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2021-03-31-accounts
|
|
31.3.21 |
31.3.20 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
Notes |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Investment income |
3 |
118,443 |
128,023 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
4 |
55,265 |
31,302 |
| Charitable activities |
|
|
|
| Provision of grants to further education |
|
|
|
|
|
48,940 |
80,539 |
| Total |
|
104,205 |
111,841 |
| Net gains on investments |
|
174,000 |
130,000 |
| NET INCOME |
|
188,238 |
146,182 |
| RECONCILIATION OF FUNDS |
|
|
|
| Total funds brought forward |
|
3,452,950 |
3,306,768 |
| TOTAL FUNDS CARRIED FORWARD |
|
3,641,188 |
3,452,950 |
|
|
31.3.21 |
31.3.20 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
Notes |
£ |
f- |
| FIXED ASSETS |
|
|
|
| Investment property |
7 |
3,654,0003,480,000 |
|
| CURRENT ASSETS |
|
|
|
| Debtors |
|
34,268 |
100,651 |
| CREDITORS |
|
|
|
| Amounts falling due within one year |
9 |
(37,771) |
(91,154) |
| NET CURRENT ASSETS |
|
(3,503) |
9,497 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
| LIABILITIES |
|
3,650,497 |
3,489,497 |
| CREDITORS |
|
|
|
| Amounts falling due after more than one year10 |
|
(9,309) |
(36,547) |
| NET ASSETS |
|
3,641,188 |
3,452,950 |
| FUNDS |
11 |
|
|
| Unrestricted funds |
|
3,641,188 |
3,452,950 |
| TOTAL FUNDS |
|
3,641,188 |
3,452,950 |
| INVESTMENT INCOME |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
| Rents received |
118,443 |
128,023 |
| RAISING FUNDS |
|
|
| Investment management costs |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
| Portfolio management |
13,058 |
13,068 |
| Professional fees |
4,392 |
198 |
| Property repairs |
28,318 |
10,432 |
| Maintenance charges |
5,117 |
3,579 |
| Rates and water |
|
212 |
| Insurance |
4,370 |
3,813 |
|
55,265 |
31,302 |
|
|
Unrestricted |
|
|
funds |
|
INCOME AND ENDOWMENTS FROM |
|
|
Investment income |
128,023 |
|
EXPENDITURE ON |
|
|
Raising funds |
31,302 |
|
Charitable activities |
|
|
Provision of grants to further education |
|
|
|
80,539 |
|
Total |
111,841 |
|
Net gains on investments |
130,000 |
|
NET INCOME |
146,182 |
|
RECONCILIATION OF FUNDS |
|
|
Total funds brought forward |
3,306,768 |
|
TOTAL FUNDS CARRIED FORWARD |
3,452,950 |
| 7. |
INVESTMENT PROPERTY |
|
|
FAIR VALUE |
|
|
At 1 April 2020 |
3,480,000 |
|
Revaluation |
174,000 |
|
At 31 March 2021 |
3,654,000 |
|
NET BOOK VALUE |
|
|
At 31 March 2021 |
3,654,000 |
|
At 31 March 2020 |
3,480,000 |
|
|
|
|
2021 |
2020 |
|
|
|
|
£ |
£ |
|
Historical cost |
|
|
2,135,000 |
2,135,000 |
| 8. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
31.3.21 |
31.3.20 |
|
|
|
|
£ |
£ |
|
Trade debtors |
|
|
|
131 |
|
Other debtors |
|
|
34,268 |
100,520 |
|
|
|
|
34,268 |
100,651 |
| 9. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
31.3.21 |
31.3.20 |
|
Trade creditors |
|
|
950 |
9,300 |
|
Other creditors |
|
|
36,821 |
81,854 |
|
|
|
|
37,771 |
91,154 |
| 10. |
CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR |
|
|
|
|
|
|
|
|
31.3.21 |
31.3.20 |
|
|
|
|
£ |
£ |
|
Other creditors |
|
|
9,309 |
36,547. |
| 11. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
movement |
between |
At |
|
|
At 1.4.20 |
in funds |
funds |
31.3.21 |
|
|
£ |
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
(57,050) |
14,238 |
10,000 |
(32,812) |
|
Investment property fund |
3,480,000 |
174,000 |
- |
3,654,000 |
|
Property maintenance fund |
30,000 |
|
(10,000) |
20,000 |
|
|
3,452,950 |
188,238 |
|
3,641,188 |
|
TOTAL FUNDS |
3,452,950 |
188,238 |
|
3,641,188 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
118,443 |
(104,205) |
- |
14,238 |
| Investment property fund |
- |
- |
174,000 |
174,000 |
|
118,443 |
(104,205) |
174,000 |
188,238 |
| TOTAL FUNDS |
118,443 |
(104,205) |
174,000 |
188,238 |
|
|
Net |
|
|
|
movement |
At |
|
At 1.4.19 |
in funds |
31.3.20 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
(73,232) |
16,182 |
(57,050) |
| Investment property fund |
3,350,000 |
130,000 |
3,480,000 |
| Property maintenance fund |
30,000 |
|
30,000 |
|
3,306,768 |
146,182 |
3,452,950 |
| TOTAL FUNDS |
3,306,768 |
146,182 |
3,452,950 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
| Unrestricted funds |
|
|
|
|
| General fund |
128,023 |
(111,841) |
- |
16,182 |
| Investment property fund |
|
- |
130,000 |
130,000 |
|
128,023 |
(111,841) |
130,000 |
146,182 |
| TOTAL FUNDS |
128,023 |
(111,841) |
130,000 |
146,182 |
|
2021 |
2020 |
|
£ |
£ |
| Professional Trustee fees |
9,793 |
21,240 |
| Trustees meetings |
2,602 |
1,742 |
| Work in connection with grant applications |
1,030 |
7,502 |
| Support provided to students |
5,882 |
6,768 |
| Support and running costs |
17,505 |
13,408 |
|
36,812 |
50,660 |