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2022-12-31-accounts

Page
Charity
Information
Trustees'
Report		 3-8
Report ofthe independent auditor 9-1 I
Statement offinancial activities 12-13
Balance sheet 14
Statement ofCash Flows 15
Notes to the accounts 16-25

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Notes Unrestricted Restricted Permanent Year Year
General Fund Endowment Ended ended
Fund Fund 31/12/22 3 I/12/21
lNCOME AND ENDOWMENTS
FROM:
Donations
and Legacies		 435 435 50
Charitable
Activities		 88,402 88,402 94,124
Other Trading Activities - Fundraising
Investment
Income		 7,544 366,345 373,889 374,236
Other Income 34,475 34,475 22,865
Total Income 7,979 489,222 497,201 491,275
EXPENDITlJRE ON:
Raising Funds 2/4 37,932 37,932 43,593
Charitable
Activities		 5 19,047 305,189 324,236 338,958
Other 7 24,596 24,596 22,879
Total Expenditure 19,047 367,717 386,764 405,430
Net gains/(losses) on investments (24,716) (1,198,855) (46,806) (1,270,377) 1,329,249
Net Income/ (expenditure) (35,784) (1,077,350) (46,806) (1.159,940) 1,415,094
Other Recognised Gains/(Losses):
Gains/ (losses) on revaluation of I.ived (460,000) (460,000)
Assets
Net movement
in		 funds (35,784) (1,537,350) (46,806) (1,619,940) 1,415,094
Reconciliation
of		 funds:
1otal I'unds brought forward I January 326,740 15,353,321 490,625 16.170.686 14,755,592
Total Funds carried forward 31 290,956 13,815,971 443,819 14,550,746 16,170,686
December

Notes Unrestricted Restricted Permanent Year
General Fund Endowment ended
I'und Fund 31/12/21
INCOME AND ENDOWMENTS
FROM:
Donations
and I,egacics		 50 50
Charitable
Activities		 94,124 94.124
Other Trading Activities - I'undraising
Investment
Income		 7,822 366,414 374,236
Other Income 2,658 20,207 22.865
Total Income 10,530 480,745 491,275
EXPENDITURE ON:
Raising Funds 2/4 43,593 43,593
Charitable
Activities		 5 18,300 320,658 338,958
Other 7 22,879 22,879
Total Expenditure 18,300 387,130 405,430
Net gains/(losses)
on investments		 26,758 1,253,512 48,979 1,329,249
Net Income/(Expenditure) 18,988 1,347,127 48,979 1,415,094
Other Recognised Gains/(Losses)
Gains/(Losses)
on Revaluation		 of
I"ixed Assets
Net movement
in funds		 18,988 1,347,127 48,979 1,415,094
I'unds brought
forward		 I January 307,752 14,006,194 441,646 14,755,592
Funds carried forward 31 December 326.740 15,353,321 490,625 16.170.686

tVotes Year Year
ended ended
31/12/22 31/12/21
I'IXED ASSETS
Tangible assets 2,000,000 2,460,.000
Investments 12,049.811 13,320.,188
'I'otal I'ixed Assets 14,049,811 15,.780,188
CURREN'I' ASSETS
Debtors 10 92,153 93,739
Cash at bank
A, in hand		 539,625 407,891
l otal Current Assets 631,778 501,630
CREDITORS: Amounts falling due within one year (86,843) (62,132)
NET CURRENT ASSETS 544,935 439,498
TOTAL ASSETS LL'SS CURRENT LIABILITIES 14,594,746 16.219,686
CREDIl ORS: Amounts falling due af'ter more than one year (44,000) (49,000)
'IOTAL NFT ASSETS 14,550,746 16,170,686
THE FUNDS Ol
I'I-IL CHARITY
Permanent
Endowment		 12 443.819 490,625
Restricted
Fund		 13 13,815,971 15,353,321
Unrestricted
General
Fund		 14 290,956 326.740
14,550,746 16.170,686

2022 2021
Cash flows from operating Activities
Net (Expenditure)/Income for the year 110,437 85,845
Adjustments
for:
Investment
Income		 (373,889) (374.236)
(Increase)/Decrease
in debtors		 1,586 (4,543)
Increase
in Creditors		 19,711 2,527
Net cash (used in) operating activities (242,155) (290.407)
Cash flows from investing activities
Purchase ofInvestments
Interest and Dividends
and		 Rent fiom Investments 373,889 374,236
Net cash from investing
activities		 373,889 374,236
Change
in cash and cash equivalents		 in the year 131,734 83,828
Cash and cash equivalents at beginning ofthe year 407,891 324.063
Cash and cash equivalents at end ofthe year 539,625 407,891

Year Year
ended ended
31/12/22 31/12/21
INCOME
Donations, Legacies and Gif'ts 435
Fundraising Activities
FXPENDITURE
Direct Costs ofFundraising Activities (2,957) (8,097)
Investment Management Costs (29.102) (29,833)
Suppoit Costs of I undraising Activities (see note 4) (5,873) (5,663)
(Deficit) arising (37,497) (43,543)

Year Year
ended ended
31/12/22 31/12/21
Income from equities 238,534 234,590
Income from fixed interest securities 2,271 5,866
Income fi.om Common Investment I"unds 132,660 133,780
Bank Interest 424
373„889 374,236

charity).
M		 anagement
costs apportioned
as t'ollows. b		 ased on stat'f time:
'ro
Charitable Expenditure 60 17,620
Fundraising activity 20 5,873
Ot.her
—Governance		 20 5,873
100 29,366
Year Year
ended ended
31/12/22 31/12/21
Cost Type Charitable Support Costs Total Total
Act.ivity
Smoothfield Homes (see note 6) 74,878 5,873 80,751 83,245
Ongoing financial support 149,000 3,916 152,916 143,076
payments
One-off Grants to individuals 50,571 4,405 54,976 67,473
Education Grants 12,000 1,468 13,468 18.276
Bursary Scheme 20,167 1,958 22,125 26,888
306,616 17,620 324,236 338,958

Year
ended
31/12/21
Cost Type Charitable Support Costs 1otal
Activity
Smoothfield Homes (see note 6) 77,581 5,664 83,245
Ongoing linancial support 139,300 3,776 143,076
payments
One-off Grants to individuals 63,225 4,248 67,473
Fducation Grants 16,860 1,416 18,276
Bursary Scheme 25,000 1,888 26,888
321,966 16,992 338,958
Year Year
ended ended
31/12/22 3 I/12/21
Property expenses 58,200 60,613
Agency management 16,678 16,968
74.878 77,581
Year Year
ended ended
31/12/22 31/12/21
Bank charges 242 260
Audit fees 14,220 12,000
Meel. ing Costs and Sundry Fxpenditurc 2,376 3,215
20% apportionment of' management charges 5,873 5,663
Other pro fessional lees 1,885 1,741
24,596 22,879

8 TANGIBLE I-IXED ASSETS TANGIBLE I-IXED ASSETS
(Leasehold
Property)		 Year Year
ended Ended
31/12/22 31/12/21
COST/Revaluation
Brought
forward		 at I January 244604000 2,4604000
Disposal
Revaluation (460,000)
Carried
forward		 at 31 December 2,0004000 244604000
Land and Bu ildings
2022 2021
Cost 2,3134250 2,313,250
Accumulated Depreciation (227.968) (182.822)
Accumulated Impairments
Carrying
Amount		 2 083 282 2 130428

INVESTMENTS INVESTMENTS Year Year
ended ended
3 I/12/22 31/12/21
Market value at. I January (less opening cash) 13,2744406 11,252,488
Additions 3514984 1,377,009
Disposals (343,276) (684,340)
Gain/(loss)
upon disposal		 and revaluation ofinvestments Lll27~ 377 1.329 249
12,012,737 13.274,406
Retained
cash		 for re-investment 37,074 45,782
Market value at 31 December 12 049 811 13 320 188

2022 2021
Analysis ofInvestments
Quoted investments
at market		 value
I'ixed interest 0 I 133,536
Equities 62 7,484,204 60 7,976,599
Common Inv. I'und —L'quity based 30 3,679,551 31 4,193,776
Common Inv. Fund —Fixed Interest 7 848,982 7 970,495
Cash retained
for re-investment		 I 37.074 I 45,782
Market Value at 31 December 100 12,049,811 100 13,320,]88
Analysis oflisted Investments forming more Market %of Market %of
than
4%ofthe porl.folio:		 value portfolio value portfolio
2022 2022 2021 2021
CCLA COIF Fixed Interest Fund 848,982 7.0 970,495 7.3
CCLA COII' Equity
I.und		 892,202 7.4 1,039,660 7.8
CCLA COII. Charity
Investment		 I und 2,787,349 23.1 3,154.116 23.7
10 DEBTORS
Due after more than one ear Year Year
ended ended
31/12/22 31/12/21
Other debtors 25 163 25,628
25.163 25.628
Due within
one		 ear Year Year
ended ended
31/12/22 31/12/21
1rade debtors
Other debtors 5,271 10,465
Prepayments
and		 Accrued Income 61,719 57,646
66,990 68,111

11 CREDITORS: CREDITORS: Restated
Year Year
ended ended
31/12/22 31/12/21
Amounts falling due after more than one year:
Pledged grants not paid 24,000 24,000
Accruals and Other Creditors 20 000 25 000
~440 0 49 000
Amounts falling due within one year:
Trade Creditors 7,699 6,347
Pledged grants not paid 23,847 2,800
Accruals and Other Creditors 55.297 52 985
86,843 62,132
12 PERMANENT ENDOWMENT
ivlovement
Balance at in funds Balance at
01/01/22 Gains/(losses) 31/12/22
George and Mabel Inez Clayton I"und 490,625 (46,8061 443,819

Balance at Incoming Resources Outgoing Resources Gains and Balance at
01/01/22 losses 31/12/22
15,353,321 489,222 (367.717) (1,658,8551 13,815,971

Balance at Incoming
Resources		 Incoming
Resources		 Outgoing Resources Gains and Balance at
01/01/2022 losses 31/12/22
326,740 7,979 (19,047) (24,716) 290,956
15
I.UNDS		 Endowment Restricted Unrestricted Education 2020 Total
(2014)
Balance at 01/01/22 490,625 15,353,321 326,740 16.170,686
Income 489,222 7,979 497,201
Expenditure (355,717) (19,047) (12,000) 386,764
Allocation
to		 (12,000) 12.000
Education
Sub Total 121,505 (11,068) 110,437
Gains/(Losses) on (46,806) (1,198,855) (24,716) (1,270,377)
Investment
Revaluation
Gains/(Losses) on (460,000) (460,000)
Fixed Assets
Balance at 31/12/22 443,819 13,815,971 290,956 14,550,746
ASSEl SBY I'UND
FUNDS 1angible I.ixed Investments Net Current Total
Assets Assets
Restricted 2,000„000 I 1,605.992 209,979 13,815,971
General 290,956 290,956
Endowment 443,819 443.819
Total Funds 2,000,000 12,049,811 500,935 14,550,746

Balance at Cash flows Balance at
01/01/22 31/12/22
Cash at bank and in hand 407,891 131,734 539,625
2022 2021
I"inancial Assets
Investments measured at Iair value 12,049,811 13.320.,188
Iotal 12,049,811 13,320,188