| Contents | Pages | |
|---|---|---|
| Report of the | trustees | 1-5 |
| Independent | Examiner's report | |
| Statement of | financial activities | |
| Balance sheet | ||
| Notes forming part ofthe financial statements | 9-18 |
| 2020 | 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestn'cled | Restricted | Total | Unrestricted | Restricted | Total | ||||
| funds | Endowment | funds | Endomment | ||||||
| funds | funds | ||||||||
| Note | |||||||||
| Income and | |||||||||
| endowments | from: | ||||||||
| Rental income | 217,157 | 217,157 | 212,169 | 212,169 | |||||
| Investments | 19,681 | 19,681 | 21,413 | 21,413 | |||||
| Other income | 5,000 | 5,000 | 344 | 344 | |||||
| Total income | 241,838 | 241,838 | 233,926 | 233,926 | |||||
| Expenditure on: Raising funds |
9,404 | (1,958) | 7,446 | 2,448 | 5,045 | 7,493 | |||
| Charitable | |||||||||
| activities | |||||||||
| Grants to | 56,649 | 56,649 | 72,212 | 72,212 | |||||
| individuals | |||||||||
| Grants to | 36,110 | 36,110 | 62,566 | 62,566 | |||||
| institutions | |||||||||
| Office costs | 18,488 | 18,488 | 22,727 | 22,727 | |||||
| Governance | costs | 3,077 | 3,077 | 13,370 | 13,370 | ||||
| Other | 9,645 | 9,645 | 2,893 | 2,893 | |||||
| Total | 133,373 | (1,958) | 131,415 | 176,216 | 5,045 | 181,261 | |||
| expenditure | |||||||||
| Net | 19,239 | 37,345 | 56384 | 40,006 | 77,655 | 117,661 | |||
| gains/(losses) | on | ||||||||
| investments | |||||||||
| Net income/ | 127,704 | 39,303 | 167,007 | 97,716 | 72,610 | 170,326 | |||
| (expenditure)/ | |||||||||
| Net movement | in | ||||||||
| funds | |||||||||
| Reconciliation | of | ||||||||
| funds | |||||||||
| Total funds | 492,912 | 3,173,572 | 3,666,484 | 395,196 | 3,100,962 | 3,496,158 | |||
| brought forward | |||||||||
| Total funds | 620,614 | 3,212,876 | 3,833,490 | 492,912 | 3,173,572 | 3,666,484 | |||
| carried forward |
| Notes | Unrestricted | Restricted | 31.12.20 | Unrestricted | Unrestricted | Restricted | 31.12.19 | ||
|---|---|---|---|---|---|---|---|---|---|
| fund | Endowment | Total | fund | Endowment | Total | ||||
| fund | funds | fund | fr inds | ||||||
| E | 6 | ||||||||
| Investments | |||||||||
| Financial investments |
339,426 | 494,886 | 834,312 | 328,671 | 474,009 | 802,680 | |||
| Investment property |
13 | 2,750,000 | 2,750,000 | 2,750,000 | 2,750,000 | ||||
| 339,426 | 3,244,886 | 3584,312 | 328,671 | 3,224,009 | 3,552,680 | ||||
| CURRENT | |||||||||
| ASSETS | |||||||||
| Debtors | 14 | 1,453 | 1,453 | 453 | 453 | ||||
| Cash at bank | 303,476 | 303,476 | 216,388 | 216,388 | |||||
| 304,929 | 304,929 | 216,841 | 216,841 | ||||||
| CREDITORS | |||||||||
| Amounts falling |
|||||||||
| due within |
one | 15 | (23,741) | (32,010) | (55,751) | (52,600) | (50,437) | (103,037) | |
| year | |||||||||
| NET | |||||||||
| CURRENT | 281,188 | (32,010) | 249,178 | 164,241 | (50,437) | 113,804 | |||
| ASSETS | |||||||||
| TOTAL ASSETS | |||||||||
| LESSCURRENT | 620,614 | 3,212,876 | 3,833,490 | 492,912 | 3,173,572 | 3,666,484 | |||
| LIABILITIES | |||||||||
| NET ASSETS | 620,614 | 3,212,876 | 3,833,490 | 492,912 | 3,173,572 | 3,666,484 | |||
| FUNDS | |||||||||
| Unrestricted | funds | 620,614 | 492,912 | ||||||
| Restricted funds | 3,212,876 | 3,173,572 | |||||||
| TOTAL | 3g33,490 | 3,666,484 | |||||||
| FUNDS | |||||||||
| The financial | statements | were approved | by the Trustees on 14 | July | 2021 and | signed on their | |||
| behalf by: | |||||||||
| SStrachan | ps | 'tl' | |||||||
| Trustee | Trustee |
| 3.RENTAL INCOME | |||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| Pine Ridge Golf Centre —rental income and charges | 200,111 | 195,333 | |
| Other rental income | 17,046 | 16,836 | |
| 217,157 | 212,169 | ||
| 4.INVESTMENT INCOME | |||
| 31.12.20 | 31.12.19 | ||
| Other fixed asset invest | —FII | 19,681 | 21,407 |
| Deposit account interest | |||
| 19,681 | 21,413 | ||
| 5.OTHER INCOME | |||
| 31.12.20 | 31.12.19 | ||
| Charitable donation |
5,000 | ||
| Bank compensation | 344 | ||
| 5,000 | |||
| 6.RAISING FUNDS | |||
| 31.12.20 | 31.12.19 | ||
| Investment management |
costs | ||
| Portfolio management | 7,446 | 7,493 |
| 31.12.20 | 31.12.19 | ||||
|---|---|---|---|---|---|
| Grants to individuals | 56,469 | 72,212 | |||
| Grants to institutions | 36,110 | 62,566 | |||
| 92,579 | 134,778 | ||||
| The total grants paid | to institutions | during the year was as follows: | |||
| 31.12.20 | 31.12.19 | ||||
| Open Mind | 1,200 | ||||
| St.Mary's Nursery | 1,000 | ||||
| Connect Counselling | Services | 10,000 | |||
| Camberley Job Club |
2,000 | ||||
| Heather Ridge | 4,000 | ||||
| Amari Pregnancy Choices |
4,000 | ||||
| St.Andrew's Church |
3,000 | ||||
| Surrey Heath Age Concern | 1,000 | ||||
| Beacon Frontline | 1,180 | ||||
| Field Lane | 2,000 | ||||
| Surrey Heath Neighbourhood | Watch | 2,000 | |||
| Hope Hub | 4,695 | 5,045 | |||
| Camberley Citizens Advice Bureau |
4,167 | 10,000 | |||
| Phyllis Tuckwell Hospice | 10,000 | 7,000 | |||
| Sparkers | 1,000 | ||||
| Homestart | 7,000 | ||||
| High Cross Church | 3,000 | 7,500 | |||
| Frimley PCC | 1,000 | ||||
| Grants ofless than E1,000 | 248 | 6,641 | |||
| 36,110 | 62,566 |
| 8.OTHER | |||||
|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||
| Insurances and other property |
costs | 9,645 | 2,518 | ||
| Dinner to mark the retirement | ofTrustees | 375 | |||
| 9,645 | 2,893 | ||||
| 9.GOVERNANCE COSTS | |||||
| 31.12.20 | 31.12.19 | ||||
| Independent | Examiner's | fee | 2,610 | 2,730 | |
| Data Protection Registrar's fee | 35 | ||||
| Payroll costs | 432 | 216 | |||
| Legal advice | 10,389 | ||||
| 3,077 | 13,370 |
| STAFFCOSTS | |||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| Wages and salaries | 17,091 | 18,019 | |
| The average number of employees | during the year was as follows: | 31.12.20 | 31.12.19 |
| Administration | 2 | 2 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| FAIR VALUE | |
| At 1January 2020 | 802,680 |
| Additions | 101,217 |
| Disposals | (132,731) |
| Fair value movements | 63,146 |
| At 31December 2020 | 834312 |
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE | |
| At 1January 2020 | 2,750,000 |
| Fair value movement | |
| At 31December 2020 | 2,750,000 |
| 14.DEBTORS:AMOUNTS FALLING DUE | WITHIN ONE YEAR | |
|---|---|---|
| 31.12.20 | 31.12.19 | |
| Other debtors | 350 | |
| Prepayments | 1,103 | 453 |
| 1,453 | 453 |
| 15.C | REDITORS:AMOUNTS FALLING DUE W |
ITHIN ONE YEAR | |
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| Other | creditors | 36,751 | 54,008 |
| Rent | received in advance | 19,000 | 49,029 |
| 55,751 | 103,037 |
| 17.MOVEMENT IN F | UNDS | |||||
|---|---|---|---|---|---|---|
| At | Net | At | ||||
| 01.01.20 | movement | 31.12.20 | ||||
| in funds | ||||||
| E | ||||||
| Unrestricted funds |
||||||
| General funds | 164,241 | 108,464 | 272,704 | |||
| Financial investments | 328,671 | 19,239 | 347,910 | |||
| Restricted funds | ||||||
| Permanent Endowment |
fund | 3,173,572 | 39,303 | 3,212,876 | ||
| TOTAL FUNDS | 3,666,484 | 167,006 | 3,833,490 | |||
| Incoming | Resources | Gallls and | Movement in |
|||
| resources | expended | losses | funds | |||
| E | ||||||
| Unrestricted funds |
||||||
| General fund | 241,838 | (133,374) | 108,464 | |||
| Financial investments | 19,239 | 19,239 | ||||
| Restricted funds | ||||||
| Permanent Endowment |
fund | 1,958 | 37,345 | 39,303 | ||
| TOTAL FUNDS | 241,838 | (131,416 | 56,584 | 167,006 | ||
| Comparatives for movement |
in funds | |||||
| At | Net | At | ||||
| 01.01.19 | movement | 31.12.19 | ||||
| in funds | ||||||
| Unrestricted funds |
||||||
| General fund | 108,597 | 57,710 | 164,241 | |||
| Financial investments | 286,599 | 40,006 | 328,671 | |||
| Restricted funds | ||||||
| Permanent Endowment |
fund | 3,100,962 | 72,610 | 3,173,572 | ||
| TOTAL FUNDS | 3,496,158 | 170,326 | 3,666,484 |
| Comparative net movem |
ent in funds, |
included in the abov |
e are as follo | ws: | |
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 233,926 | (176,216) | 57,710 | ||
| Financial investments | 40,006 | 40,006 | |||
| Restricted funds | |||||
| Permanent Endowment |
fund | (5,045) | 77,655 | 72,610 | |
| TOTAL FUNDS | 233,926 | (181,261) | 117,661 | 170326 | |
| 18.ANALYSIS OFFUNDS | |||||
| Fixed | Current | Current | Total | ||
| Assets | Assets | Liabilities | |||
| At 31-12-20 | |||||
| Unrestricted | 339,426 | 304,929 | 23,741 | 620,614 | |
| Restricted | 3,244,886 | 32,010 | 3,212,876 | ||
| 3,584,312 | 304,929 | 55,751 | 3,833,490 | ||
| At 31-12-19 | |||||
| Unrestricted | 328,671 | 216,841 | 52,600 | 492,912 | |
| Restricted | 3,224,009 | 50,437 | 3,173,572 | ||
| 3,552,680 | 216,841 | 103,037 | 3,666,484 |
| e payable as set out below: | ||
|---|---|---|
| 2020 | 2019 | |
| Within 1year | 574 | 549 |
| Within 2to5years | ||
| Over 5years |
| total future minimum lease payments due erty are as follows: |
to the charity from the lease of th |
e investmen |
|---|---|---|
| 2020 | 2019 | |
| E | ||
| Within 1year | 90,000 | 195,333 |
| Within 2to 5years | ||
| Over 5years |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Financial | asset | at | Fair | Value | 834,312 | 802,680 |
| Detailed Statement of | Fina | ncial Activities for the year ended 3 | 1December 2020 | |
|---|---|---|---|---|
| 31.12.20 | 31.12.19 | |||
| INCOME AND ENDOWMENTS | ||||
| Other trading activities | ||||
| Pine Ridge Golf Centre | —rental income and charges | 200,111 | 195,333 | |
| Other rental income | 17,046 | 16,836 | ||
| 217,157 | 212,169 | |||
| Investment income |
||||
| Other fixed asset investment | —Fll | 19,681 | 21,407 | |
| Deposit account interest | 6 | |||
| 19,681 | 21,413 | |||
| Other income | ||||
| Charitable donation |
5,000 | |||
| Bank compensation income |
||||
| Total incoming resources | 241,838 | 233,926 | ||
| EXPENDITURE | ||||
| Investment management costs |
||||
| Portfolio management | 7,446 | 7,493 | ||
| Charitable activities |
||||
| Wages | 17,091 | 18,019 | ||
| Office costs | 947 | 3,995 | ||
| Grants to institutions | 36,110 | 62,566 | ||
| Grants to individuals | 56,649 | 72,212 | ||
| 110,797 | 156,792 | |||
| Other | ||||
| Insurances and property |
costs | 708 | 678 | |
| Estate costs | 8,937 | 1,840 | ||
| Retiring trustees' dinner |
375 | |||
| 9,645 | 2,893 | |||
| Support costs | ||||
| Governance costs |
||||
| Telephone | 450 | 714 | ||
| Accountancy and legal fees |
3,077 | 13,370 | ||
| 3,527 | 14,084 | |||
| Total resources expended | 131,415 | 181,261 | ||
| Net income/(expenditure) | before gains and losses | 110,423 | 52,665 | |
| Realised recognised gains | and losses | |||
| Realised gains/(losses) | on fixed asset investments | (6,563) | ||
| Net income/(expenditure) | 103460 | 52,665 |