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|||Pages|
|---|---|---|
|Report ofthe Trustees||1 to 14|
|Independent
Auditor's|Report|15to 17|
|Statement ofFinancial|Activities|18|
|Balance Sheet||19|
|Statement ofCash Flows||20|
|Notes to the Financial|Statements|21 to 38|
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||||||Restricted||||
|---|---|---|---|---|---|---|---|---|
||||General|Designated|Income|Endowment|Total|To/al|
||||Fund|Funds|Funds|Fund|2021|2020|
|||Note|6|f.|||I|6|
|INCOME AND KiVDO3VMKNTS FROM:|||||||||
|Donations
and legacies||2|100||4,265||4,365||
|Charitable
activities||3|118,000||||118,000|102,106|
|Investments:|||||||||
|From investment
properties||4|105,548||||105,548|95,438|
|From investment
portfolio||4|451,762||||451,762|458,630|
|Other||||||384,540|384,540|13|
|Total income and endowments|||675,410||4,265|384,540|1,064 215|6'56,277|
|EXPENDITURE ON:|||||||||
|Raising Funds||6|(28,840)|||(70,142)|(98,982)|(82,743)|
|Charitable
activities:|||||||||
|Provision ofgrant funding||7|(569,729)||||(569,729)|(761,318)|
|Other charitable
activities||8|(153,342)|||(40,278)|(193,620)|(140,580)|
|Total expenditure|||751,911|||110420|86 .33|~98454l|
|Net income/(expenditure)|||||||||
|before gains/(losses)
on investments|||(76,501)||4,265|274,120|201,884|(328,364)|
|GAINS/(LOSSES):|||||||||
|On Investment
properties:|||||||||
|Realised|||||||||
|Unrealised||15||||(12,500)|(12,500)|(53,675)|
|On Invesunents;|||||||||
|Realised||16|50,137|||165,326|215,463|(83,147)|
|Unrealised||16|95,550|||1,509,573|1,605, 123|145,568|
|Net income/(expenditure)|before transfers||69,186||4,265|1,936,519|2,009,970|(319,6/8)|
|Net transfers
between
funds||19|63,493|(63,493)|||||
|Net income/(expenditure)|for the period||132,679|(63,493)|4,265|1,936,519|2,009,970|(319,618)|
|OTHER RECOGNISED|GAINS/(LOSSES):||||||||
|On revaluation
ofTangible|Fixed Assets|13||||||(675,693)|
|Net movements
in funds|||132,679|(63,493)|4,265|1,936,519|2,009,970|(995,311)|
|Total funds brought forward|||554,911|799,790|6,087|18,981,642|20,342,430|21,337,741|
|Total funds carried forward|||687 590|736,297|10,352|20,918,161|22 352400|20,342,430|
##
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|BALANCE SHEET ASA|T 31DECE|MBER 2021||||
|---|---|---|---|---|---|
|||Note|2021||As At31December 2020|
|Fixed Assets||||||
|Tangible
fixed assets||13||||
|Freehold land and buildings||||1,938,615|1,984,971|
|Fixtures and fittings||||3,055|4,887|
|Office equipment||||2,803|5,350|
|||||1,944,473|1,995,208|
|Intangible
fixed assets||14||||
|Basic Payment
Scheme entitlements||||5,609|5,682|
|Investments||||||
|Investment
properties||15|2,507,500||2,520,000|
|Investment
portfolio||16|17,247,404||15,478,477|
|||||19,754,904|17,998,477|
|||||21,704,986|19,999,367|
|Current
Assets||||||
|Debtors||17||41,008|43,262|
|Cash at bank and on deposit||||682,432|365,850|
|Cash in hand||||250|657|
|||||723,690|409,769|
|Creditors
payable within|one year|||(76,276)|(66,706)|
|Net Current
Assets||||647,414|343,063|
|Net Assets||||22,352,400|20,342,430|
|Funds||19||||
|Unrestricted
funds||||||
|General
funds||||687,590|554,911|
|Designated
funds||||736,297|799,790|
|||||1,423,887|1,354,701|
|Restricted
funds||||||
|Income funds||||10,352|6,087|
|Endowment
funds||||20,918,161|18,981,642|
|Total Funds||||22,352,400|20,342,430|
##
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||2021|2020|
|||||f.||
|CASH FLOWS FROM OPERATING|ACTIVITIES:|||||
|Net movements
in funds per Statement ofFinancial Activities||||2,009,970|(995,311)|
|Adjustments
for:||||||
|Depreciation
&Amortisation
Charges||||51,619|29,529|
|(Gains)/Losses
on investment
properties:||||||
|Realised||||||
|Unrealised||||12,500|53,675|
|(Gains)/Losses
on investments:||||||
|Realised||||(215,463)|83,147|
|Unrealised||||(1,605,123)|(145,568)|
|Dividends,
rents and interest receivable|&om:|||||
|Investment
properties||||(105,548)|(95,438)|
|Investments||||(451,762)|(458,630)|
|Overage payment
arising from collaboration|||agreement|(384,540)||
|(Gains)/Losses
on revaluation
ofTangible Fixed Assets|||||675,693|
|(Increase)/Decrease
in Debtors||||(4,057)|3,126|
|Increase/(Decrease)
in Creditors||||9,570|747|
|Net cash used in operating
activities||||682,834|849,030|
|CASH FLOWS FROM INVESTING|ACTIVITIES:|||||
|Rents received &om investment
properties||||113,887|47,438|
|Dividends
and interest received &om investments||||449,734|456,539|
|Overage payment
received &om collaboration|||agreement|384,540||
|Purchase ofTangible Fixed Assets||||||
|Purchase ofIntangible
Fixed Assets||||(811)|(6,121)|
|Proceeds ofSale ofInvestments||||2,798,778|2,586,457|
|Purchase ofInvestments||||(2,811,165)|(2,342, 206)|
|Net cash provided
by investing
activities||||934,963|742,107|
|NET CHANGE IN CASH IN THE REPORTING PERIOD||||252,129|(106,923)|
|Cash brought forward||||461,101|568,024|
|CASH CARRIED FORWARD||||713,230|461,101|
|Cash Carried Forward represents:||||||
|Cash held in investment
portfolio awaiting||investment||30,548|94,594|
|Cash at bank and in haud held on instant|access and short tenn deposits|||682,432|365,850|
|Cash in Hand||||250|657|
|||||713,230|461,101|
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|2|DONATIONS
AND|LEGACIES|||2021|2020|
|---|---|---|---|---|---|---|
||General fund:||||||
||Miscellaneous
donations
&Gift Aid tax recovery||||100|90|
||Restricted income fund:||||||
||Market Harborough|Special Needs Playscheme|||4,265||
||||||4,365|90|
|||||||General Fund|
|3|INCOMING RESOURCES FROM CHARITABLE ACTIVITIES||||2021|2020|
||Contributions
trom almshouse
tenants||||74,491|78,478|
||Old Grammar
School rent||||425|780|
||Allotment
rents||||5,546|4,813|
||Market Harborough|Cricket Club rental income|||6,490|6,490|
||Countryside
Stewardship
6k other SSSIgrants||||31,048|11,545|
||||||118,000|102,106|
|||||||General Fund|
|4|INVESTMENT INCOME||||2021|2020|
||From investment
properties:||||||
||Rental income from|commercial
High Street|properties||90,000|90,000|
||Farm Land||||6,448|5,438|
||Miscellaneous||||9,100||
||||||105,548|95,4n|
||From investment
portfolio:||||||
||Interest on VK fixed|interest securities
and Treasury stock|||6,254|7,219|
||Dividends
receivable|from equity shares|||85,137|85,165|
||Dividends
receivable|fiom collective investment||funds|219,389|224,463|
||Dividends
receivable|from COIF Units|||140,968|141,008|
||Interest on cash deposits||||14|775|
||||||451,762|458,630|
|5|OTHER INCOME||||2021|2020|
||General fund:||||||
||Wayleave|||||13|
||Endowment
fund:||||||
||Overage payment
arising &om collaboration||agreement||384,540||
||||||384,540|13|
##
|MARKET HARBOROUGH
AND THE BOW|MARKET HARBOROUGH
AND THE BOW|MARKET HARBOROUGH
AND THE BOW|MARKET HARBOROUGH
AND THE BOW|DENS C|HARITY||||||
|---|---|---|---|---|---|---|---|---|---|---|
|NOTES TO THE FINANCIAL STATEMENTS|||||||||||
|FOR THE YEAR ENDED 31DECEMBER||2021|||||||||
|6|EXPENDITURE ON RAISING FUNDS|||||||2021|2020||
||GENERAL FUND||||||||||
||Commercial
property
management||||||||||
||Secretarial salaries &on-costs|||||||1,946|1,614||
||Insurance|||||||1,763|1,698||
||Repairs and maintenance|||||||869|3,875||
||Legal &professional
fees|||||||3,110|7,661||
||Support costs (Note 9)|||||||7,555|6,408||
||Investment
management||||||||||
||Investment
manager's
fees|||||||7,183|6,338||
||Support costs (Note 9)|||||||4,634|3,|792|
||Website &other promotional
costs|||||||1,780|3,341||
|||||||||28,840|34,|727|
||ENDOWMENT
FUND||||||||||
||Investment
management||||||||||
||Investment
manager's
fees|||||||45,818|40,092||
||Investment
property
management|fees||||||2,700|2,|100|
||Support costs (Note 9)||||||||||
||Professional
fees|||||||15,356|||
||Cricket Club - Depreciation
ofchanging||rooms|||||5,384|5,385||
||Amortisation
ofIntangible
Assets|||||||884||439|
|||||||||70,142|48,016||
||TOTAL EXPENDITURE ON RAISING||FUNDS|||||98,982|82,|783|
|7|EXPENDITURE ON PROVISION OF|GRANT FUNDING||||||2021|2020||
||GENERAL FUND||||||||||
||Grants to institutions
or for specific purposes||||||||||
||Institution||Purpose ofgrant||||||||
||Harborough
Town Football Club||Renewal|ofAll Weather Football Pitch||||48,000|||
||Market Harborough
Medical Centre||Mental|Health Initiative||||30,000|||
||Voluntary
Action South Leicesteshire||Funding|ofdrivers|for transport|scheme||27,000|||
||Voluntary
Action South Leicesteshire||Core Running
Costs for a five year period|||||25,998|||
||Home-Start
South Leicestershire||Post Natal Illness||Project|||20,000|||
||Harborough
Christian
Counselling
Service||Operating
costs over a five year|||period||12,500|||
||Market Harborough
Hockey Club||Storage|containers,|pitch dividers,||trolley etc.|11,000|||
||Leicestershire
Action for Mental Health||Mental|health advocacy project||||10,000|||
||Home-Start
South Leicestershire||Family Know-How||Project|||10,000|||
||LOROS||End ofLife Support Patient Unit|||||8,980|||
||Harborough
Anglican Team||Training|ofone Youth Worker||||8,273|||
||Others, each f3,000 and under|||||||5,951|||
|||||||||217,702|402,208||
||Part repayment
ofgrants
made in previous periods:||||||||||
||Market Harborough
&District Scouts||Costs ofattending||World Scout|Jamboree||(1,603)|||
|||||||||216,099|402,|208|
||Education Bursary Fund Grants||Awards|to a total of7 (2020; 6)||Academies||107,461|115,846||
||Carried forward|||||||323,560|518,054||
##
##
|O|R THE YEAR EN|R THE YEAR EN|R THE YEAR EN|DED 31DECEMBER 2021|DED 31DECEMBER 2021|DED 31DECEMBER 2021||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|7|EXPENDITURE|||ON PROVISION OF GRANT|||FUNDING (continued)|||2021||2020||
||Brought forward|||||||||323,560||518,054||
||Grants to Church|||ofSt.Peter &St.Paul, Great|||Bowden - Repairs &maintenance|||23,775||||
||Grants to Individuals|||||||||||||
||Educational|fund||(119,2020: 129)||||||123,016||135,750||
||Relief in Need||r1,000 and over (13,2020; 12)|||||||18,031||25,589||
||Relief in Need||less than E1,000(74,2020; 55)|||||||17,361||17,410||
||Total grants|paid||||||||505,743||696,803||
||Secretarial salary|||&on-costs||||||19,606||18,623||
||Caseworker's||costs||||||||||70|
||Communications|||strategy,|advertising
and wehsite development|||costs||3,559||6,683||
||Support costs||(Note 9)|||||||40,821||39,139||
||Total|||||||||569,729||761,318||
||Further
analysis||ofgrants paid in the year by nature||||ofactivity being|supported|is contained|within the Report|ofthe|Trustees.||
|8|EXPENDITURE|||ON OTHER CHARITABLE ACTIVITIE1||||2021|||2020|||
||GENERAL|FUND||||||||||||
||Almshouses:||||Secretarial salary &|on-costs||10,789||7,705||||
||||||Insurance|||1,062||1,023||||
||||||Utilities
(including
lifeline)|||13,965||15,318||||
||||||Repairs and maintenance|||18,016||16,646||||
||||||Council Tax in void|period &||||||||
||||||other miscellaneous|costs||1,064||754||||
||||||Website &promotional||costs|1,780||3,341||||
||||||Legal &professional|fees||1,140||2,262||||
||||||Depreciation offixtures||&fittings|1,832||1,832||||
||||||Support costs (Note|9)||17,812||16;895||||
||||||||||67,460|||65,|776|
||Old Grammar||School:||Secretarial
salary &|on-costs||3,211||2,667||||
||||||Insurance|||1,508||1,452||||
||||||Repairs, maintenance|&utilities||5,786||4,169||||
||||||Legal &professional|fees||380||754||||
||||||Support costs (Note|9)||5,039||4,889||||
||||||||||15,924|||13,931||
||Allotments:||||Secretarial
salary &|on-costs||8,843||6,091||||
||||||Repairs and maintenance|||3,693||2,995||||
||||||Website &promotional||costs|1,780||3,341||||
||||||Legal &professional|fees||760||1,508||||
||||||Water &miscellaneous||expenses|809||1,963||||
||||||Support costs (Note|9)||11,263||11,294||||
||||||||||27,148|||27,|192|
||Carried forward||||||||110,532|||106,899||
##
##
||||||||||||2021|2021|2020||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Brought forward||||||||||||110,532||106,899|
|Site ofSpecial|||||||||||||||
|Scientific Interest:||||Secretarial salary &||on-costs|||||805||489||
|||||Repairs and maintenance||||||40,220|||13,622||
|||||Legal &professional||fees|||||830||2,333||
|||||Support costs (Note||9)|||||955||979||
|||||||||||||42,810||17,423|
|||||||||||||153,342||124,322|
|ENDOWMENT||FUND|||||||||||||
|Depreciation|of|Almshouses||||||||||40,278||16,258|
|||||||||||||40,278||16,258|
|TOTAL ALL FUNDS||||||||||||193,620||140,580|
|ANALYSIS|AND ALLOCATION OF SUPPORT COSTS||||||||||||||
|Support costs, as||detailed||below, have been allocated|||to resources expended|||as|follows:||||
||||||||||Su|ort|Costs||||
||||||||Governance||Otfice|||Accounts &||2020|
||||||||Costs||Costs|||Finance|Total|Tontl|
|RESOURCES EXPENDED:||||||||||f||||6|
|General Fund:|||||||||||||||
|Expenditure|on|raising||funds:|||||||||||
|Commercial|property||management||||1,289|||1,632||4,634|7,555|6,408|
|Investment|management|||||||||||4,634|4,634|3,792|
|Expenditure|on|Charitable|||Activities:||||||||||
|Grants payable|||||||13,924|||17,628||9,269|40,821|39,139|
|Almshouses|||||||6,224|||7,880||3,708|17,812|16,895|
|Old Grammar
School|||||||2,019|||2,557||463|5,039|4,889|
|Allotments|||||||4,766|||6,034||463|11,263|11,294|
|SSSI||||||||422|||533||955|979|
||||||||28,644|||36,264||23,171|88,079|83,396|
##
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##
##
##
|Governance
costs|included|within support costs comprise:|within support costs comprise:|2021|2020|
|---|---|---|---|---|---|
|||||f.||
|Secretarial salary|&on-costs|||19,016|16,142|
|Legal and professional
fees||||4,010|1,570|
|Auditors
remuneration||||3,270|3,000|
|General insurance||||1,522|1,46'6|
|Trustee indemnity|insurance|||676|652|
|General expenses|(including|training|oftrustees)|150||
|||||28,644|22,830|
|AUDITORS' REMUNERATION||||||
|The amounts
payable to the||Auditors',|Edward Thomas Peirson &Sons,|were as follows:||
|||||2021|2020|
|For audit services||||3,270|3,000|
|For other assurance|services|||23,171|18,960|
|Total||||26,441|21,960|
##
##
##
|Activity||Involvement|Involvement||2021|2020|
|---|---|---|---|---|---|---|
|Secretarial||Full time|||||
|||Part time|—Approx. 2.5 days per week||||
|The aggregate||payroll cost in respect ofthese employees||was as follows:|||
||||||2021|2020|
||||||0||
|Salaries|||||62,225|51,506|
|Social security||costs|||4,675|3,492|
|Pension contributions|||||1,991|1,387|
||||||68,891|56,385|
|Employment|Allowance||||(4,675)|(3,054)|
||||||64,216|53,331|
##
##
##
|TANGIBLE FIX|E|DASSE|TS||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Freehold||Freehold||Ahnshouses||||
||||Property|for|Allotments||Freehold||||
||||Operational|Cricket||Club &|Land &|Fixtures &|Offic||
||||Use||Other|Land|Buildings|Fittings|Equipment|Total|
||||||||f||f||
|Cost or Valuation|||||||||||
|Brought forward|||130,000|||443,000|1,450,000|28,165|22,550|2,073,715|
|Revaluation|||||||||||
|At 31December||2021|130,000|||443,000|1,450,000|28,165|22,550|2,073,715|
|Cumulative
Depreciation|||||||||||
|Brought forward||||||38,029||23,278|17,200|78,507|
|Charge for the year||||694||5,384|40,278|1,832|2,547|50,735|
|Revaluation|||||||||||
|At 31 December||2021||694||43 413|40 278|25,110|19747|129242|
|Net BookValue|||||||||||
|At 31December||2021|129,306|||399,587|1,409,722|3,055|2,803|1,944,473|
|At 31 December||2020|130,000|||404,971|1,450,000|4,887|5,350|1,995,208|
|Cost or valuation|at 31December 2021 is represented||||by;||||||
|Valuation|||||||||||
|31December 2020|||130,000|||383,000|1,450,000|||1,963,000|
|Cost||||||60,000||28,165|22,550|110,715|
||||130,000|||443,000|1,450,000|28,165|22,550|2,073,715|
##
##
|Had the p|roperties
not been|revalued
they would have been included
at|revalued
they would have been included
at|the following his|torical cost:|torical cost:|torical cost:|
|---|---|---|---|---|---|---|---|
|||As At 31December 2021|||As At 31December 2020|||
|||Property for|Allotments||Property for|Allotments||
|||Operational|Cricket Club &||Operational|Cricket Club &||
|||Use|Other Land|Almshouses|Use|Other l.and|Almshouses|
|Cost||257,470|68,962|231,697|257,470|68,962|231,697|
|Aggregate|depreciation|24,396|43,413|140,374|21,246|38,029|137,509|
|Net Book|Value|233,074|25,5 9|91,323|236,224|30,933|94,188|
##
##
##
|14|INTANGIBLE FIXED|ASSETS||31-Dec-21|31-Dec-20|
|---|---|---|---|---|---|
|||||8||
||Cost|||||
||Brought forward|||6,121||
||Additions|||811|6,121|
||At 31December 2021|||6,932|6,121|
||Cumulative
Amortisation|||||
||Brought forward|||439||
||Charge for the year|||884|439|
||At 31December 2021|||1,323|439|
||Net BookValue|||||
||At 31December 2021|||5,609|5,682|
||At 31December 2020|||5,682||
||Intangible
assets represent Basic Payment||Scheme entitlements.|||
|15|INVESTMENT PROPERTIES|||31-Dec-21|31-Dec-20|
||Valuation
at the beginning|ofthe year||2,520,000|2,573,675|
||Additions
at cost|||||
||Unrealised
gains/(losses)|on revaluation||(12,500)|(53,675)|
||Valuation
at the end ofthe year|||2,507,500|2,520,000|
||Historical cost at the end|ofthe year||562,312|562,312|
##
##
|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO|INVESTMENT PORTFOLIO|||||||31-Dec-21|31-Dec-20|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Market value|at the beginning ofthe year|||||||||15,383,883|15,565,713|
|Acquisitions|at cost|||||||||2,811,165|2,342,206|
|Sales proceeds from disposals||||||||||(2,798,778)|(2,586,457)|
|Realised gains/(losses)||on disposals||||||||215,463|(83,147)|
|Unrealised
gains/(losses)||on revaluation||||||||1,605,123|145,568|
|||||||||||17,216,856|15,383,883|
|Cash at bank|on deposit/awaiting||investment|||||||30,548|94,594|
|Market value|at the end|ofthe year||||||||17,247,404|15,478,477|
|Historical
cost at the end ofthe year (excluding||||||cash)||||12,902,545|12,171,284|
|The realised|gains/(losses)
on||disposals|are|shared||between||funds|||
|as follows:||||||||||||
|General fund||||||||||50,137|(97,979)|
|Endowtnent|fund|||||||||165,326|14,832|
|||||||||||215,463|83,147|
|The unrealised
gains/(losses)|||on disposals||are||shared|between||||
|funds as follows:||||||||||||
|General
fund||||||||||95,550|63,561|
|Endowment|fund|||||||||1,509,573|82,007|
|||||||||||1,605,123|145,568|
##
##
##
##
##
##
##
|CREDIT|ORS PAYABLE WITHIN ONE YEAR|||
|---|---|---|---|
|||31-Dec-21|31-Dec-20|
|Accruals||40,263|59,885|
|Other creditors||35,964|6;820|
|Taxation|4tt Social Security|49|1|
|||76,276|66,706|
##
##
##
||||||Realised and|Transfers|||
|---|---|---|---|---|---|---|---|---|
||||||Unrealised|from|Transfers to|At 31|
|||At I January|||Gains or|Designated|Designated|December|
|||2021|Income|Expenditure|(Losses)|Funds|Funds|2021|
|Unrestricted
funds:|||||f|||g|
|General funds|||||||||
|Revenue||554,911|675,410|(751,911)|145,687|430,948|(367,455)|687,590|
|Designated
funds|||||||||
|For Grants;|||||||||
|Charitable
grants||345,817||||(224,718)|87,391|208,490|
|Church of. St,|Peter &||||||||
|St.Paul, Great|Bowden|50,000||||||50,000|
|Relief in Need|grants|90,000||||||90,000|
|Educational
grants||139,819||||(98,769)|10,064|51,114|
|Educational
bursary||94,154||||(107,461)|270,000|256,693|
|For Repairs:|||||||||
|Allotments
&|Commercial||||||||
|Properties:|||||||||
|Extraordinary|repair|30,000||||||30,000|
|Almshouse;|||||||||
|Extraordinary|repair|40,000||||||40,000|
|Old Grammar|School:||||||||
|Extraordinary|repair|10,000||||||10,000|
|Restricted fund:|||||||||
|Income fund||6,087|4,265|||||10,352|
|Endowment
fund||18,981,642|384,540|(110,420)|1,662,399|||20,918,161|
|||20,342,430|1,064,215|862,331|1,808,086|||22,352,400|
##
##
|The inovements|in funds in|the previous
fin|ancial year we|re as follows:||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Realised and|Transfers||||
||||||Unrealised|fiom|Transfers|to|At 31|
|||At I|||Gains or|Designated|Designated||December|
|||January 2020|Income||(Losses)|Funds|Funds||2020|
|Unrestricted
funds||||||f|||f|
|General funds||||||||||
|Revenue||520,965|656,277|(920,367)|(5,886)|(306,709)|610,631||554,911|
|Designated
funds||||||||||
|For Grants;||||||||||
|Charitable
grants||621,212||||126,709|(402,|104)|345,817|
|Church of, St.|Peter &|||||||||
|St. Paul, Great|Bowden|50,000|||||||50,000|
|Relief in Need|grants|90,000|||||||90,000|
|Educational
grants||232,500|||||(92,681)||139,819|
|Educational
bursary||30,000||||180,000|(115,846)||94,154|
|For Repairs:||||||||||
|Allotments
&|Commercial|||||||||
|Properties:||||||||||
|Extraordinary|repair|30,000|||||||30,000|
|Almshouse;||||||||||
|Extraordinary|repair|40,000|||||||40,000|
|Old Grammar|School;|||||||||
|Extraordinary|repair|10,000|||||||10,000|
|Carried forward||1,624,677|656,277|(920,367)|(5,886)||||1,354,701|
##
##
##
||||||Realised and|Transfers||||
|---|---|---|---|---|---|---|---|---|---|
|||At I|||Unrealised|trom|Transfers|to|At 31|
|||January|||Gains or|Designated|Designated||December|
|||2020|Income|Expenditure|(Losses)|Funds|Funds||2020|
|Unrestricted|funds:|||||||||
|Brought forward||1,624,677|656,277|(920,367)|(5,886)||||1,354,701|
|Restricted fund:||||||||||
|Income fund||6,087|||||||6,087|
|Endowment|fund|19,706,977||(64,274)|(661,061)||||18,981,642|
|||21,337,741|656,277|984,641)|666,947)||||20,342,430|
|20|ANALYSIS OF NET ASSETSBETWEEN FUNDS|ANALYSIS OF NET ASSETSBETWEEN FUNDS|||||
|---|---|---|---|---|---|---|
||As at 31December 2021|General|Designated|Restricted|Endowment||
|||Fund|Funds|Fund|Fund|Total|
|||f|g||f.||
||Tangible fixed assets|135,164|||1,809,309|1,944,473|
||Intangible
fixed assets||||5,609|5,609|
||Investment
properties||||2,507,500|2,507,500|
||Investment
portfolio||709,714||16,507,142|17,216,856|
||Cash held for investment||||30,548|30,548|
||Sundry Debtors|41,008||||41,008|
||Cash at Bank on Deposit|565,526|26,583|10,352|79,971|682,432|
||Cash in hand|250||||250|
||Current Liabilities|(54,358)|||(21,918)|(76,276)|
||Total Net Assets|687,590|736,297|10,352|20,918,161|22,352,400|
||As at 31December 2020|General|Designated|Restricted|Endowment||
|||Fund|Funds|Fund|Fund|Total|
|||||8|g||
||Tangible
fixed assets|140,237|||1,854,971|1,995,208|
||Intangible
fixed assets||||5,682|5,682|
||Investment
properties||||2,520,000|2,520,000|
||Investment
portfolio|136,640|799,790||14,447,453|15,383,883|
||Cash held for investment||||94,594|94,594|
||Sundry Debtors|43,262||||43,262|
||Cash at Bank on Deposit|290,388||6,087|69,375|365,850|
||Cash in hand|657||||657|
||Current Liabilities|(56,273)|||(10,433)|(66,706)|
||Total Net Assets|554,911|799,790|6,087|18,981,642|20,342,430|
##
##
##
||31-Dec-21|31-Dec-20|
|---|---|---|
|Payments
due in respect ofleases expiring:|||
|Within one Year|||
|In two to five years|1,147|Lf27|
|Total|1,147|L 727|
##
##