| PAGE | ||
|---|---|---|
| Company Information |
||
| Report ofthe Directors | ||
| Independent Auditor's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 10 |
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||
| (Note 14) | 2023 | 2022 | ||||
| 6 | 6 | 5 | ||||
| Income and endowments | from: | |||||
| Donations and legacies |
100,000 | 100,000 | 118,000 | |||
| Rental income | 2 | 290,110 | 290,110 | 291,711 | ||
| Investments | 3 | 47,597 | 47,597 | 38,436 | ||
| Total income and endowments | 437,707 | 437,707 | 448, 147 | |||
| Expenditure on: |
||||||
| Investment Managers fee |
8,692 | 8,692 | 6,093 | |||
| Charitable expenditure |
4 | 215,581 | 215,581 | 203,863 | ||
| Total expenditure | 224,273 | 224,273 | 209,956 | |||
| Gain/(Loss) on revaluation |
ofinvestments | 9 | (109,395) | (109,395) | 40,992 | |
| Net income | 104,039 | 104,039 | 279,183 | |||
| Balances brought forward |
at 1st April 2022 | 2,480,417 | 1,670,951 | 4,151,368 | 3,872,185 | |
| Balances carried forward | at 31st March 2023 | 2,584,456 | 1,670,951 | 4,255,407 | 4,151,368 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | 8 | |||||
| FIXEDASSETS: | |||||||
| Tangible assets | 3,653,161 | 3,773,446 | |||||
| Investments | 1,085,924 | 1,159,648 | |||||
| 4,739,085 | 4,933,094 | ||||||
| CURRENT ASSETS: | |||||||
| Debtors | 10 | 7,197 | |||||
| Cash at bank and | in hand | 821,189 | 512,321 | ||||
| 828,386 | 512,321 | ||||||
| LESS: CURRENT LIABILITIES | |||||||
| CREDITORS: amounts | falling due | ||||||
| within one year | 11 | (140,901) | (78,290) | ||||
| NET CURRENT ASSETS | 687,485 | 434,031 | |||||
| CREDITORS: amounts | falling due after | ||||||
| more than one year | 12 | (1,171,163) | (1,215,757) | ||||
| NET ASSETS | 4,255,407 | 4,151,368 | |||||
| REPRESENTED BY: | |||||||
| FUNDS: | |||||||
| Unrestricted | 2,584,456 | 2,480,417 | |||||
| Restricted | 14 | 1,670,951 | 1,670,951 | ||||
| 4,255,407 | 4,151,368 |
| INCOME FROM CHARITABLE ACTIVITIES: | INCOME FROM CHARITABLE ACTIVITIES: | Unrestricted | Restricted | Total | Total |
|---|---|---|---|---|---|
| funds | funds | 2023 | 2022 | ||
| E | 8 | 6 | |||
| Rent receivable | 129,000 | 129,000 | 129,000 | ||
| Equipment | rental | 61,110 | 61,110 | 62,711 | |
| Commercial | Rights: The Alan Higgs Centre | 100,000 | 100,000 | 100,000 | |
| 290,110 | 290,110 | 291,711 |
| INCOME | FROM INVESTMENTS: | Unrestricted | Restricted | Total | Total |
|---|---|---|---|---|---|
| funds | funds | 2023 | 2022 | ||
| 8 | 6 | 8 | 6 | ||
| Bank interest receivable | 3,235 | 3,235 | 39 | ||
| Investment | income | 44,362 | 44,362 | 38,397 | |
| 47,597 | 47,597 | 38,436 |
| EXPENDITU | RE ON CHARITABL | E: ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds 6 |
funds | 2023 | 2022 f |
||
| Professional | charges | 2,965 | 2,965 | 2,550 | |
| Sundry expenses | 9,443 | 9,443 | 557 | ||
| Depreciation | 120,285 | 120,285 | 121,259 | ||
| Loan interest | 55,059 | 55,059 | 50,469 | ||
| Insurance | 27,829 | 27,829 | 29,028 | ||
| 215,581 | 215,581 | 203,863 |
| Charitable expenditure is wholly attributable to Unrestricted fun |
Charitable expenditure is wholly attributable to Unrestricted fun |
ds in the previous year. |
|
|---|---|---|---|
| OTHER DISCLOSURES: | 2023f | 2022 6 |
|
| Net incoming resources is stated after charging: |
|||
| Depreciation | 120,285 | 121,259 | |
| Profit on disposal | |||
| Auditors' remuneration: |
|||
| -Audit services | 1,650 | 1,500 | |
| -Other services | 1,315 | 1,050 | |
| Trustees' expenses | |||
| Directors' emoluments | and other benefits etc. |
| FOR THE YEAR ENDED 31STMARCH | 2023 | ||
|---|---|---|---|
| INVESTMENTS: | Listed investments | ||
| E | |||
| Value as at 1"April 2022 | 1,159,648 | ||
| Additions | |||
| Dividends re-invested |
44,363 | ||
| Management fee |
(8,692) | ||
| Revaluation | (109,395) | ||
| Value at 31"March 2023 | 1,085,924 | ||
| Investments at fair value |
comprise: | ||
| Fixed interest | 414,360 | ||
| Equities | 321,232 | ||
| Other | 340,550 | ||
| Interest | 1,604 | ||
| Cash within investment |
portfolio | 8,178 | |
| 1,085,924 | |||
| DEBTORS: | 2023 | 2022 | |
| 6 | |||
| Other debtors | 7,197 | ||
| 7,197 | |||
| CREDITORS: amounts | falling due within one year | 2023 | 2022 6 |
| Loan | 40,595 | 40,595 | |
| Deferred income | 60,250 | 4,000 | |
| Trade creditors | 22,866 | 16,840 | |
| Accruals | 2,885 | 2,600 | |
| Other creditors | 14,305 | 14,255 | |
| 140,901 | 78,290 | ||
| CREDITORS: amounts | falling due after more than one year | 2023 | 2022 |
| 6 | 6 | ||
| Loan | 1,035,163 | 1,075,757 | |
| Deferred income | 136,000 | 140,000 | |
| 1,171,163 | 1,215,757 |
| DEFERRED INCOME: | ||
|---|---|---|
| 2023 | 2022 | |
| Balance 1 Apdil 2022 | 144,000 | 148,000 |
| Release to income duding year | (4,000) | (4,000) |
| Additions | 56,250 | |
| Balance 31 March 2023 | 196,250 | 144,000 |
| Due within one year | 60,250 | 4,000 |
| Due within 1-5years | 16,000 | 16,000 |
| Due aRer 5years | 120,000 | 124,000 |
| 196,250 | 144,000 |
| Balance | Income | Expsnditum | Balance | |||
|---|---|---|---|---|---|---|
| 1 | April 2022 | 31 March 2e23 | ||||
| 6 | 6 | 6 | ||||
| Project | fund | 1,670,951 | 1,670,951 |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS: | Unrestricted | Restricted | ||
|---|---|---|---|---|
| fundsf | fund 8 |
Totslfunds 6 |
||
| Fund balances at 31stMarch 2023are represented | by: | |||
| Investments | 1,085,924 | 1,085,924 | ||
| Tangible fixed assets | 1,982,210 | 1,670,951 | 3,653,161 | |
| Net current assets | 687,485 | 687,485 | ||
| Long term liabilities | (1,171,163) | (1,171,163) | ||
| Total net assets | 2,584,456 | 1,670,951 | 4,255,407 |
| Minimum lease payments under non-can |
cellable operating leases fall due as follows: |
|
|---|---|---|
| 2023 | 2022 | |
| 5 | 5 | |
| «1 year 1-5years &5years |
185,636 580,188 4,029,167 |
185,636 640,824 4,154,167 |
| 4,794,991 | 4,980,627 |