2021-12-31-accounts - Northwood House Charitable Trust Company Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference and administrative			information
Trustees annual report				2-7
Independent examiners'		report
Statement offinancial	activities
Balance Sheet				10—11
Notes to the accounts				12 —25

Registered	Company	08025757 (England	Wales)
Registered	Charity No.	1150641
Registered	Office	Northwood House
		Ward Avenue
		Cowes
		Isle ofWight
		PO31 8AZ
Trustees		Mrs JLAllan
		Mrs SECollinge
		Mrs RA Cullen
		Mr S Dabell
		Ms D Deacon
		Mr BD Hicks
		Dr JA Pollard
		Mr TWander (appointed	10January 2022)
Accountants	&	Moore (South) LLP
Independent	Examiners	9StJohns Place
		Newport
		Isle ofWight
		PO30 1LH
Bankers		CAF Bank Ltd
		25 Kings Hill Avenue
		West Mailing
		Kent
		ME194JQ
		Lloyds Bank Pic
		21 StThomas Square
		Newport
		Isle ofWight
		Barclays Bank Pic
		St James' Square
		Newport
		Isle ofWight

					Unrestricted	Restricted	Endowment	Total	Total
					Funds	Funds	Funds	Funds	Funds
								Yearto	Yearto
								31 December	31 December
				Notes	6			2021 f	2020 6
Income and endowments		from:
Donations and legacies				3	50,521	17,978		68,499	54,753
Charitable activities				7	267,104			267, 104	163,128
Other trading activities (fundraising)				4	25,960			25,960	27,561
Other income				8					60,550
Investments				6	36			36	90
Total income					343,621	17,978		361,599	306,082
Expenditure on:
Raising funds				9	25,603			25,603	19,114
Charitable activities				10	235,811	5,964		241,775	248,422
Other				12	3845			3845	3375
Total expenditure					265,259	5,964		271,223	270,911
Net income/(expenditure)					78,362	12,014		90,376	35,171
Trasnfers between funds					(2,000)	2,000
Other recognised gains/(losses)
Gains/(losses) on investment		assets					7 170	7 170	3673
Net movement in funds				20	76,362	14,014	7,170	97,546	38,844
Reconciliation of Funds
Total funds brought forward		at 1 January 2020			503,693	20,807	41,090	565,590	526,746
Total funds carried forward 31December 2021					580,055	34,821	48,260	663,136	565,590
All income and expenditure		derive from continuning			activities.
The statement offinancial	activities		include	all gains and losses		recognised	during the year

			Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Fund	funds	funds
						31 December	31 December
						2021	2020
		Notes	E			E	E
Fixed assets
Tangible assets		16	29,770			29,770	38,007
Fixed asset investments		17			48260	48260	41 090
			29,770		48,260	78,030	79,097
Current assets
Stock			402			402	402
Debtors		18	141,886			141,886	53,099
Cash at bank	in hand		447 020	34 821		481 841	461 624
			589,308	34,821		624,129	515,125
Current liabiliTies
Creditors: Amounts
falling due within one year		19	~39023			~39023	~28632
Net current assets			550,285	34,821		585,106	486,493
Total assets less	current
Liabilities			580055	34 821	48260	663 136	565590
Net assets			580,055	34,821	48,260	663,136	565,590
Charity funds
Unrestricted		20	580,055			577,805	503,693
Restricted funds		20	-	34,821		37,071	20,807
Endownment	funds	20			48260	48260	41 090
Total Funds			580,055	34,821	48,260	663,136	565,590

In line with the char	aties	sta	tement of reccomended practice,	tement of reccomended practice,	presented bel	ow is the full	comparative SO	FA
			Unrestricted		Restricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds	Funds
							Year to	Yearto
							31December	31 December
							2020 F	2019 f
Income and endowments			from:
Donations and legacies				49,6'I6	5,137		54,753	159,759
Charitable activities				163,128			163,128	314,319
Other trading activities		(fundraising)		27,561			27,561	51,035
Other income				60,550			60,550
Investments				90			90	120
Total income				300,945	5,137		306,082	525,233
Expenditure on:
Raising funds				19,114			19,114	35,212
Charitable activities				226,596	21,826		248,422	446,318
Other				3375			3375	3615
Total expenditure				249,085	21,826		270,911	485,145
Net income/(expenditure)				51,860	(16,689)		35,171	40,088
Other recognised	gains/(losses)
Gains/(losses) on investment			assets			3673	3673	5586
Net movement in funds				51,860	(16,689)	6,673	38,844	45,674
Reconciliation of Funds
Total funds brought	forward		at 1 January 2019	451,833	37,496	37,417	526,746	481,072
Total funds carried	forward 31 December 2020 503,693				20,807	41,090	565,590	526,746

Donations and leg	acies
					Total	Total
					Funds	Funds
					Year to	Year to
					31 December	31 December
					2021f	2020f
Gifts and donations					1,706	1,636
Distribution from trading		company			18,798
Grants					13,928	33,239
Park services in kind	—Cowes Town Council				13,009	11,503
Membership fees					3080	3238
Total Unrestricted Funds					50 521	49616
Gifts and donations	included		restricted	fund income on
Grants					15,000
Tennis court income					2 978	5 137
Total Restricted Funds					17978	5 137
Total Donations and	Legacies				68,499	54,753
Activities for generating		funds
Fundraising events					25 960	27561
					25,960	27,561

he profits of		the trading company. A summary of the trading r	esults ofthe company is set out	below:
			Year to	Yearto
			31 December	31 December
Summary	Profit and loss		2021f	2020f
Turnover			191,751	90,406
Costs			~185309	(~71 608
Surplus for		the year	6,442	18,798
Net assets			6,443	18,799
A distribution		was made off18,798to the Trust.

6.	Investment i	ncome
				Total	Total
				Funds	Funds
				Year to	Year to
				31 December	31 December
				2021	2020
				6	F
	Deposit account interest			36	90
7.	Income from	charitable	activities
				Total	Total
				Funds	Funds
				Yearto	Year to
				31 December	31 December
				2021	2020
				6	6
	Income from	car parking	facilities	134,348	84,246
	Income from	lettings		132756	78882
				267,104	163,128
8.	Otherincome
				Total	Total
				Funds	Funds
				Yearto	Yearto
				31 December	31 December
				2021	2020
					E
	Profit on disposal offixed assets				60,550
9.	Raising funds expenditure
				Total	Total
				Funds	Funds
				Year to	Year to
				31 December	31 December
				2021	2020
				6	6
	Fundraising	event costs		17,185	9,885
	Fundraising	support costs		8,418	9,229
	Grants and donations
				25,603	19,114

							Support	Year to
						Direct	Costs	31/12/2021
						Costs	(see note 11)	Total
						E	F
Lettings	and	functions					9,350	9,350
Grounds	maintenance			park upkeep		28,849	25,395	54,244
House preservation			and		restoration	53,386	114,877	168,263
Car parking		costs				2 617	7301	9918
						84,852	156,923	241,775
Comparative		charitable			activities expenditure		Support	Yearto
						Direct	Costs	31/12/2020
						Costs E	(see note 11) f	Total
Lettings	and	functions				7,044	9,927	16,971
Grounds	maintenance			park upkeep		17,150	27,870	45,020
House preservation			and		restoration	48,701	122,931	171,632
Car parking		costs				5 825	8974	14799
						78,720	169,702	248,422

Support	cos	ts
						Yearto	Year to
						31/12/2021	31/12/2020
						E	6
Wages and Nl						83,883	95,806
Subscription		and	licenses			1,907	1,567
Cleaning						9,266	6,810
Light and	heat					21,894	19,848
Insurance						19,665	22,839
Water						3,839	2,892
Telephone						1,994	2,445
Printing,	postage		and	stationery		1,671	1,238
Computer	costs					2,942	3,040
Sundries						347	204
Subcontractor		costs					6,215
Bookkeeping						11,166	9,077
Accountancy						845	700
Professional		services				35	395
Security						2,987	3,211
Bank charges						2899	2644
						165,341	178,931
					Notes
Allocated	to fundraising			events		8,418	9,229
Allocated	to Charitable			Activities		156923	169702
						165,341	178,931
Other costs
						Year to	Year to
						31/12/2021	31/12/2020
						6	E
Trustees	indemnity		insurance			1,095	1,025
Independent		examiners		remuneration		2750	2350
						3,845	3,375

Net resource	s are stat	ed after charging/(crediting):
			Yearto	Year to
			31/12/2021	31/12/2020
			F	6
Depreciation	—owned	assets	11,087	10,100

The Trustees to value that Staff costs	have pr work.	ovided s	ervices in their	professional capacity at no costto	the Trust, and it i	s not practicable
					Year to	Year to
					31/12/2021 f	31/12/2020 6
Wages and	salaries				75,983	86,774
Social secudity costs					7900	9032
					83,883	95,806
The average	monthly	number	of employees	during the year was as follows:-
					Year to	Year to
					31/12/2021 6	31/12/2020 f
House					4	4
Administration					1	1

FOR	THE YEAR ENDED 31 DECEMBER2021
16.	Tangible fixed assets
		Land and	Plant &
		Property f	Machinery F	Totalf
	Cost at 1 January 2021	28,343	61,676	90,019
	Additions		2,850	2,850
	Disposals
	At 31 December 2021	28,343	64,526	92,869
	Depreciation at 1 January 2021	10,542	41,470	52,012
	Charge for the period	1,417	9,670	11,087
	Depreciation eliminated on disposal
	At 31 December 2021	11,959	51,140	63,099
	Net BookValue at 31 December 2021	16,384	13,386	29,770
	Net BookValue at 31 December 2020	17,801	20,206	38,007
17.	Fixed asset investments
			31/12/2021 f	31/12/2020 f
	Market value at 1 January 2021		41,090	37,417
	Change in value of investments		7 170	3673
	Market value at 31 December 2020		48,260	41,090

						31/12/2021	31/12/2020
						E	E
Trade debtors						2,345	1,397
Amounts due from trading		subsidiary	company			134,296	41,908
Other debtors and prepayments						5245	9794
						141,886	53,099
Creditors: amounts	falling due within one year
						31/12/2021	31/12/2020
							6
Trade creditors						7,998	3,597
Taxation and social security						11,817	14,347
Amounts owing to trading		subsidiary	company
Other creditors and accruals						19208	10688
						39,023	28,632
Movement in funds
				At	Net movement		At
				1/01/2021	in funds	Transfers	31/12/20
					F	E
Endowment fund				41 090	7 170		48260
Restricted funds
Tennis courts (1)				16,557	1,264		17,821
Stables —Community	Centre (2)			4,250	(4,250)
Outdoor sports equipment		(3)				2,000	2,000
Donation —restoration	(4)				15000	-	15000
Total Restdicted Funds				20 807	12014	2 000	34821
Unrestricted funds				453,693	78,362	48,000	580,055
Designated renovation	fund	(5)		50 000		(550000
				565,590	97,546		663,136

Comparativ	e M	ovem	ent in funds
					Net
				At	movement		At
				1/01/2020 6	in funds f	Transfers	31/12/20 6
Endowment	fund			37417	3673		41 090
Restricted	funds
Tennis courts (1)				33,246	(16,689)		16,557
Stables —Community			Centre (2)	4250			4250
Total Restricted		Funds		37496	~16689		20807
Unrestricted	funds			401,833	51,860		453,693
Designated	renovation		fund(3)	50000			50000
				526,746	38,844		565,590