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|||PAGE|
|---|---|---|
|Company
Information|||
|Report ofthe Directors|||
|Independent
Auditor's|Report||
|Statement of Financial|Activities||
|Balance Sheet|||
|Notes to the Financial|Statements|10|
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||||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|
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||||||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|
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|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|
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|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.|||
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||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|
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|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|
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||||Balance|Income|Expsnditum|Balance|
|---|---|---|---|---|---|---|
|||1|April 2022|||31 March 2e23|
||||6||6|6|
|Project|fund||1,670,951|||1,670,951|
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|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|
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|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|
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