| Page | |||
|---|---|---|---|
| Report ofthe | Trustees | 1—3 | |
| Independent | auditors' | report | |
| Statement of | financial | activities | |
| Balance sheet | |||
| Notes to the financial | statements | 7 —12 | |
| Detailed statement of |
financial activities | 13 |
| 31March 2022 | 31March 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| Funds | Funds | |||||
| Notes | E | E | ||||
| Income and | endowments | from | ||||
| Investment | income | 132,637 | 118,443 | |||
| Expenditure | on | |||||
| Raising funds | 54,139 | 55,265 | ||||
| Charitable | activities | |||||
| Provision of | grants to further education | 32,457 | 48,940 | |||
| Total | 86,596 | 104,205 | ||||
| Net gains on | investments | 174,000 | ||||
| Net income | 46,041 | 188,238 | ||||
| Reconciliation offunds |
||||||
| Totalfunds | brought forward | 3,641,188 | 3,452,950 | |||
| Total funds | carried forward | 3,687,229 | 3,641,188 |
| 31March 2022 | 31March 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| Funds | Funds | ||||
| Notes | f | F. | |||
| Fixed assets | |||||
| Investment | property | 3,654,000 | 3,654,000 | ||
| Current assets | |||||
| Debtors | 49,797 | 34,268 | |||
| Creditors | |||||
| Amounts falling due within one year |
(13,368) | (37,771) | |||
| Net current | assets | 36,429 | (3,503) | ||
| Total assets | less current | liabilities | 3,690,429 | 3,650,497 | |
| Creditors | |||||
| Amounts falling due after |
more than one year | (3,200) | (9,309) | ||
| Net assets | 3,687,229 | 3,641,188 | |||
| Funds | |||||
| Unrestricted | funds | 10 | 3,687,229 | 3,641,188 | |
| Total funds | 3,687,229 | 3,641,188 |
| nvestment income |
||
|---|---|---|
| 31March | 31March | |
| 2022 | 2021 | |
| f | f | |
| Rents received | 132,633 | 118,443 |
| Interest received | 4 | |
| 132,637 | 118,443 |
| aising fun | ds | |||
|---|---|---|---|---|
| 31March | 31March | |||
| 2022 | 2021 | |||
| 6 | 6 | |||
| Portfolio | management | 13,068 | 13,068 | |
| Professional | fees | 3,055 | 4,392 | |
| Property | repairs | 25,222 | 28,318 | |
| Maintenance | charges | 5,866 | 5,117 | |
| Rates and | water | 1,222 | ||
| Insurance | 5,706 | 4,370 | ||
| 54,139 | 55,265 |
| Fair value | |
|---|---|
| At 1April 2021 | 3,654,000 |
| Revaluation | |
| At 31March 2022 | 3,654,000 |
| Net book value | |
| At 31March 2022 | 3,654,000 |
| At 31March 2021 | 3,654,000 |
| In respect of the f follows: |
ixed assets stated at valuations, the co |
mparable historical cost |
values are a |
|
|---|---|---|---|---|
| 2022 | 2021 | |||
| f | f | |||
| Historical cost | 2,135,000 | 2,135,000 | ||
| Debtors: Amounts | falling due within one year | |||
| 31March | 31March | |||
| 2022f | 2021 f |
|||
| Trade debtors | ||||
| Other debtors | 49,797 | 34,268 | ||
| 49,797 | 34,268 | |||
| 8. | Creditors: Amounts | falling due within one year | ||
| 31March | 31March | |||
| 2022 | 2021 | |||
| f | f | |||
| Trade creditors | 1,012 | 950 | ||
| Other creditors | 12,356 | 36,821 | ||
| 13,368 | 37,771 | |||
| 9. | Creditors: Amounts | falling due after | ||
| 31March | 31March | |||
| 2022 | 2021 | |||
| f | f | |||
| Other creditors | 3,200 | 9,309 |
| 10. | Movement | in | funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| At | Net | Transfer | At | ||||||||
| 1April | movement | between | 31March | ||||||||
| 2021 | in funds | funds | 2022 | ||||||||
| 6 | 6 | f | 6 | ||||||||
| Unrestricted | funds | ||||||||||
| General fund | (32,812) | 46,041 | (10,000) | 3,229 | |||||||
| Investment | property | fund | 3,654,000 | 3,654,000 | |||||||
| Property maintenance | fund | 20,000 | 10,000 | 30,000 | |||||||
| 3,641,188 | 46,041 | 3,687,229 | |||||||||
| Total funds | 3,641,188 | 46,041 | 3,687,229 | ||||||||
| Net movement | in funds, | included | in the | above are as | follows: | ||||||
| Incoming | Resources | Gains and | Movement | ||||||||
| resources 6 |
expended 6 |
losses f |
in fund 6 |
||||||||
| Unrestricted | funds | ||||||||||
| General fund | 132,637 | (86,596) | 46,041 | ||||||||
| Investment | property | fund | |||||||||
| 132,637 | (86,596) | 46,041 | |||||||||
| Total funds | 132,637 | (86,596) | 46,041 | ||||||||
| Comparatives | for movement | in funds | |||||||||
| At | Net | Transfer | At | ||||||||
| 1April | movement | between | 31March | ||||||||
| 2020 | in funds | funds | 2021 | ||||||||
| f | f | 6 | 6 | ||||||||
| 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 fund | |||
| f | f | f | f | |||
| 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 |
| LLP. Thi | s can be bro | ken down to: | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f | f | |||
| Professional Trustee |
fees | 1,676 | 9,793 | |
| Trustees | meetings | 3,942 | 2,602 | |
| Work in | connection | with grant applications | 1,891 | 1,030 |
| Support | provided to | students | 3,353 | 5,882 |
| Support | and running | costs | 10,130 | 17,505 |
| 20,992 | 36,812 |
| 31March 2022 | 31March 2021 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| INCOME AND ENDOWMENTS | ||||||
| Investment income |
||||||
| Rents received | 132,633 | 118,443 | ||||
| Interest received | 4 | |||||
| Total incoming resources | 132,637 | 118,443 | ||||
| EXPENDITURE | ||||||
| Investment management |
costs | |||||
| Portfolio management | 13,068 | 13,068 | ||||
| Professional fees | 3,055 | 4,392 | ||||
| Property repairs |
25,222 | 28,318 | ||||
| Maintenance charges |
5,866 | 5,117 | ||||
| Rates and water | 1,222 | |||||
| Insurance | 5,706 | 4,370 | ||||
| 54,139 | 55,265 | |||||
| Charitable activities |
||||||
| Legal and professional | fees | 5,244 | 5,882 | |||
| Grants to individuals | 3,743 | 1,030 | ||||
| 8,987 | 6,912 | |||||
| SUPPORT COSTS | ||||||
| Finance | ||||||
| Legal and professional | fees | 10,130 | 17,505 | |||
| Auditors' remuneration |
for non audit | work | 1,800 | |||
| 10,130 | 19,305 | |||||
| Governance costs |
||||||
| Auditors' remuneration |
7,200 | |||||
| Auditors' remuneration |
for non audit | work | 2,322 | 2,730 | ||
| Professional Trustees |
fees | 1,676 | 9,793 | |||
| Trustee meeting expense | 3,942 | 3,000 | ||||
| Independent examination |
fee | 1,500 | ||||
| Independent examiner's |
fee for other | services | 3,900 | |||
| 13,340 | 22,723 | |||||
| Total resources expended | 86,596 | 104,205 | ||||
| Net income before gains | and losses | 46,041 | 14,238 | |||
| Realised recognised gains |
and losses | |||||
| Realised gains/(lasses) | on | investment | property | 174,000 | ||
| Net Income | 46,041 | 188,238 |