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|---|---|---|---|---|
|Reference anrl Administrative
13etsils|||||
|Trustees' Report||2|to|4|
|Statement ofTrustees'|Responsibilities||||
|Report ofthe independent
Auditors||6|to|9|
|Statement ofFinancial|Activities||10||
|Statement ofFinancial|Posttion||||
|Statement ofCash Flows|||12||
|Notes to the Statement|ofCash Flows||13||
|Notes to the Financial|Statements|14|to|18|
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|forthe Year Ended 31|Ma||2022||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.5.22|31.5.21|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes|||8||
|INCOME AND ENDOWMENTS FROM|||||||||
|Charitable
activities||||3|||||
|Income fiom charitable|activities||||7,036,965||7,036,965|934,189|
|Other income|||||190||190|30|
|Total|||||7,037,155||7,037,155|934,219|
|EXPENDITURE ON|||||||||
|Expenditure
on charitable|||activities||||||
|Expenditure
on charitable||activities|||6,897,886||6,897,886|820,865|
|Other expenditure|||||76,818||76,818|40,790|
|Total|||||6,974,704||6,974,704|861,655|
|NET INCOME|||||62,451||62,451|72,564|
|RECONCILIATION|OF||FUNDS||||||
|Total funds brought
forward|||||148,288||148,288|75,724|
|TOTAL FUNDS CARRIED FORWARD|||||210,739||210,739|148,288|
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|31Medi 2022|||||||
|---|---|---|---|---|---|---|
||||||31.5.22|31.5.21|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|E|||f|
|CURRENT ASSETS|||||||
|Debtors||7|1,415,460||1,415,460|133,736|
|Cash at bank|||2,002,662||2,002,662|1,308,541|
||||3,418,122||3,418,122|1,442,277|
|CREDITORS|||||||
|Amounts
falling due within|one yew|8|(2,413,242)||(2,413,242)|(213,596)|
|NET CURRENT ASSETS|||1,004,880||1,004,880|1,228,681|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES|||1,004,880||1,004,880|1,228,681|
|CREDITORS|||||||
|Amounts
falling due after more than one year||9|(794„141)||(794,141)|(1,080,393)|
|NKT ASSETS|||210,739||210,739|148,288|
|FUNDS||10|||||
|Ucrcstncted
funds|||||2 10,739|148,288|
|TOTAL FUNDS|||||210,739|148,288|
||||||||31.5.22|31.5.21|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|f||
|Cash flows from||operating|activities||||||
|Cash generated|from operations||||||694,121|1,257,400|
|Net cash provided||by operating||activities|||694,121|1,257,400|
|Change in cash|and cash equivalents||||in the||||
|reporting
period|||||||694,121|1,257,400|
|Cash and cash|equivalents||at|the beginning|||||
|ofthe reporting||period|||||1,308,541|51,141|
|Cash and cash|equivalents||at|the end|ofthe||||
|reporting
period|||||||2,002,662|1,308,541|
|RECONCIL|IATIO|N
OF N|ET INCOME TO NET CASH FLOW FROM OPE|RATING ACTIV|ITIES|
|---|---|---|---|---|---|
|||||31.5.22|31.5.21|
|||||f||
|Net incotae|for the|reporting|period (as per the Statement ofFinancial|||
|Activides)||||62,451|72,564|
|Adjustments|for:|||||
|Increase in debtors||||(1,281,724)|(]05,438)|
|Increase in creditors||||1,913,394|1,290,274|
|Net cash provided||by operations||694,121|1,257,400|
|ANALYSIS|OF CHANGES||IN NET FUNDS|||
||||At 1.6.21|Cash flow|At 31.5.22|
|Net cash||||||
|Cash at bank|||1,308,541|694,12]|2,002,662|
||||1,308,541|694,121|2,002,662|
|Total|||1,308,541|694,121|2,002,662|
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|3.|INCOME FROM CHA|RITABLE ACTIVITIES||||
|---|---|---|---|---|---|
|||||31.5.22|31.5.21|
|||Activity||||
||Rents received|Income from charitable|activities|5,874,341|744,380|
||Tenants service charges|Income from charitable|activities|553,807|158,172|
||Void recharges|Income from charitable|activities|312,971|12,364|
||Management
fees|Income fiom charitable|activities|288,843|19,273|
||Commercial
lettings rent|Income from charitable|activities|7,003||
|||||7,036,965|934,189|
|4.|CHARITABLE ACTIVITIES COSTS|||||
||||||Direct|
||||||Costs|
||Expenditure
on charitable|activities|||6,897,886|
|5.|NET INCOME/(EXPENDITURE)|||||
||Net income/(expenditure)|is stated ager charging/(crediting):||||
|||||31.5.22|31.5.21|
||Hire ofplant and machinery|||12,159|14,694|
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|7.|DEBTORS:|A|MOUNTS FALL|ING DUE WITHIN ONE YE|AR||||
|---|---|---|---|---|---|---|---|---|
||||||||31.5.22|31.5.21|
||||||||f||
||Trade debtors||||||988,875|82,738|
||Other debtors||||||45,361|50,998|
||Prepayments|and accrued income|||||381,224||
||||||||1,415,460|133,736|
|8.|CREDITORSt||AMOUNTS FALLING DUE WITHIN ONE||YEAR||||
||||||||31.5.22|31.5.21|
||||||||f||
||Trade creditors||||||2,081,059|149,565|
||Other creditors||||||2,000|4,400|
||Accrued expenses||||||330,183|59,631|
||||||||2,413,242|213,596|
|9.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE||||THAN|ONE YEAR|||
||||||||31.5.22|31.5.21|
||Provision for|future refurbishment|||||794,141|1,080,393|
|10.|MOVEMENT||IN FUNDS||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.6.21|in funds|31.5.22|
||||||||f||
||Unrestricted|funds|||||||
||General fund|||||148,288|62,451|210,739|
||TOTAL FUNDS|||||148,288|62,451|210,739|
||Net movement||in funds, included|in the above are as follows:|||||
|||||||Incoming|Resources|Movement|
|||||||resources
f|expended
f|in funds
f.|
||Unrestricted|funds|||||||
||General
fund||||7,037,155||(6,974,704)|62,451|
||TOTAL FUNDS||||7,037,155||(6,974,704)|62,451|
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|||||||Net||
|---|---|---|---|---|---|---|---|
|||||||movement|At|
||||||At 1.6.20|in funds|31.5.21|
|Unrestricted|funds|||||||
|General fund|||||75,724|72,564|148,288|
|TOTAL FUNDS|||||75,724|72,564|148,288|
|Compamtive|net movement||in funds, included|in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
|||||||f.|f|
|Unrestricted|funds|||||||
|General fund|||||934,219|(861,655)|72,564|
|TOTAL FUNDS|||||934319|(861,655)|72,564|
|A current year 12months||and pnor year 12months|||combined position is as follows:|||
|||||||Net||
|||||||movement|At|
||||||At 1.6.20|in funds|31.5.22|
|||||||f|f|
|Unrestricted|funds|||||||
|General fund|||||75,724|135,015|210,739|
|TOTAL FUNDS|||||75,724|135,015|210,739|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||f||
|Unrestricted||funds||||
|General|fund||7,971,374|(7,836,359)|135,015|
|TOTALFUNDS|||7,971,374|(7,836,359)|135,015|
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