| STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 March 2022 |
|||
|---|---|---|---|
| Note | Year | Year | |
| ended | ended | ||
| 31 March | 31 March | ||
| 2022 | 2021 | ||
| INCOME AND EXPENDITURE | |||
| Incoming resources | 1 | ||
| Incoming resources from generated funds: | |||
| Donations on which tax reclaimable | |||
| Tax reclaimable on donations received net of tax | |||
| Other donations received in cash | 8,000 | ||
| Other donations received in kind | |||
| Rental income on property provided in support of | |||
| charitable activities | 40,625 | 31,800 | |
| Bank interest received | |||
| Total incoming resources | 48,625 | 31,800 | |
| Resources expended | 1 | ||
| Charitable activities expenses: | |||
| -- Expenses relating to property provided in |
|||
| support of charitable activities | 23,313 | 14,538 | |
| Total charitable activities expenses | 23,313 | 14,538 | |
| Other operating and administration expenses | |||
| - Legal and professional fees |
17,264 | ||
| - Governance costs |
330 | ||
| Total operating and administration expenses | 17.594 | ||
| Total resources expended | 40,907 | 14,538 | |
| NET INCOMING RESOURCES FOR THE YEAR AND | |||
| NET MOVEMENT IN FUNDS | 7,718 | 17,262 | |
| Total funds brought forward at the start of the year | 364,921 | 347,659 | |
| Total funds carried forward at the end of the year | 372,639 | 364,921 |
| BALANCE SHEET 31 March 2022 |
|||
|---|---|---|---|
| Note | 31 March 2022 | 31 March 2021 | |
| FIXED ASSETS | |||
| Land and buildings - freehold | 1,3 | 485,000 | |
| Land and buildings - long leasehold | 1.3 | 797.700 | 797,700 |
| 1.282,700 | 797,700 | ||
| CURRENT ASSETS | |||
| Cash at bank | 42.938 | 13,992 | |
| 42,938 | 13.992 | ||
| CREDITORS: amounts falling due | |||
| within one year | 4 | (26,579) | (13,950) |
| NET CURRENT ASSETS | 16,359 | 42 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 1,299,059 | 797,742 | |
| CREDITORS: amounts falling due | |||
| after more than one year | 5 | (926,420) | (432.821) |
| NET ASSETS | 372,639 | 364,921 | |
| FUNDS | |||
| General Fund (unrestricted) | 372,639 | 364,921 |
Year ended 31 March 2022 |
||
|---|---|---|
| Year | Year | |
| ended | ended | |
| 31 March | 31 March | |
| 2022 | 2021 | |
| Cash flows from operating activities | ||
| Net movement in funds | 7,718 | 17,262 |
| Increase in accruals | 3,079 | |
| Net cash inflow from operating activities | 10,797 | 17,262 |
| Cash flows from investing activities | ||
| Purchase of property | (485.000) | |
| Net cash outflow from investing activities | (485,000) | |
| Cash flows from financing activities | ||
| Mortgage capital repayments made | (8,057) | (14,125) |
| CAF Bank mortgage redemption | (358,794) | |
| Kingdom Bank mortgage drawn down | 870,000 | |
| Net cash inflow/(outflow) from financing activities | 503,149 | (14,125) |
| Net increase in cash and cash equivalents | 28,946 | 3,137 |
| Cash and cash equivalents at the beginning of the year | 13,992 | 10,855 |
| Cash and cash equivalents at the end of the year | 42,938 | 13,992 |
| Land & buildings | 31 March | 31 March |
|---|---|---|
| 2022 | 2021 | |
| Freehold — Cost and net book value | 485,000 | |
| Long leasehold — Cost and net book value | 797,700 | 797,700 |
| Total — Cost and net book value | 1.282,700 | 797.700 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|
| 31 March 31 March |
|
| 20222021 | |
| Bank loans (see note 5) | 13.950 |
| Loans from private individuals (see note 5) | 23.500 |
| Accruals and deferred income | 3.079 |
| 26.579 13.950 |
| 31 March 31 March |
|
|---|---|
| 20222021 | |
| Loans from private individuals | 56,500 80,000 |
| Bank loans | 869,920 352.821 |
| 926.420 432.821 |