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|---|---|---|---|
|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|
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||||||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|
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|||||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|
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|nvestment
income|||
|---|---|---|
||31March|31March|
||2022|2021|
||f|f|
|Rents received|132,633|118,443|
|Interest received|4||
||132,637|118,443|
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|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|
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|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|
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||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|
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|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|
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||||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|
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|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|
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||||||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|