REGISTERED CHARITY NUMBER: 1167759
Report of the Directors and Trustees
Unaudited Financial Statements
for the Year Ended
31 March 2022 for The Fintry Trust
A Charitable Incorporated Organisation (CIO)
The Fintry Trust (A CIO)
| Contents of the Financial | Statements | Statements |
|---|---|---|
| for the Year Ended 31 March 2022 | ||
| Page | ||
| Report of the Directors and Trustees | 1 | to 5 |
| Independent Examiner's Report | 6 | to 7 |
| Statement of Financial Activities | 8 | |
| Balance Sheet | 9 | |
| Notes to the Financial Statements | 10 | to 17 |
| Detailed Statement of Financial Activities | 18 | to 19 |
The Fintry Trust
Report of the Directors and Trustees for the Year Ended 31 March 2022
The Directors and Trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The Directors and Trustees have adopted the provisions of the Statement of Recommended Practic ���������������������������������������������������������������������������������������������� financial statements of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 11677596
Principal address
Fintry Church Lane Brook Godalming Surrey GU8 5UQ
Directors and Trustees
Mrs P Jeanrenaud A M Butters Miss G Priestley M C Morison S J Wade Dr S Jeanrenaud
Independent Examiner
Anthony Kelly FCA Independent Examiner 2 Woodberry Close Chiddingfold Godalming Surrey GU8 4SF
Bankers
Barclays Bank plc 19, North Street, Guildford, Surrey, GU1 4AG
Investment Advisers
Investec 2 Gresham Street London EC2V 7QP
Page 1
The Fintry Trust
Report of the Directors and Trustees for the Year Ended 31 March 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
On 1st April 2017 the Fintry Trust changed its status from a charitable trust to a charitable incorporated organisation (CIO). The name of the organisation and its purpose remain unchanged.
The Fintry Trust was founded in order to make available the Ideal Philosophy, Religion, Science and Art which have been expressed and developed throughout history in the Eastern and Western streams of thought. The centre of the Trust's activities is an Arts and Crafts Retreat House in the Surrey countryside. Retreats, classes, talks, and recitals bring a varied approach to the Ideal life, and towards this end the Temple serves as the heart of the house, and daily devotions are celebrated which strengthen and maintain the spiritual atmosphere within which all its activities take place.
The Charity is controlled by its governing document, the CIO Constitution and is a Charitable Incorporated Organisation.
The Board appoints Directors and Trustees. The Directors and Trustees who served the charity during the period were as follows:
Mrs P Jeanrenaud - Chairman Miss G Priestley Mr M C Morison Mr A M Butters Mr S Wade Dr S Jeanrenaud
Recruitment and appointment of new Directors and Trustees
The Constitution provides for a minimum of 3 and a maximum of 8 Trustees and Directors. Where there is a requirement for new Trustees these are identified and appointed by the existing Trustees and Directors. The Chairman is responsible for the induction of any new Trustee and Director which involves awareness of a Trustee's ��������������� responsibilities, the governing document, administrative procedures and the history and philosophical approach of the charity. A new Trustee and Director would receive a copy of the previous year's annual report and accounts and a copy of the Charity commission leaflet 'The Essential Trustee: What You Need to Know'.
Risk management
The Directors and Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have established a risk register to identify and manage the major risks to which the charity may be exposed.
Page 2
The Fintry Trust
Report of the Directors and Trustees for the Year Ended 31 March 2022
Strategy
The Trust is an educational charity dedicated to integral wisdom. The �������� five-year strategy promotes this purpose; develops and delivers a programme consonant with this objective; supports and expands its community of beneficiaries; and maintains and upgrades its physical infrastructure, given the availability of human and financial resources.
In accordance with the public benefit requirement set out by the Charity Commission, the Trust engages in a range of educational activities in line with its aims. Activities are open to all regardless of ability to pay. These activities include providing taught courses in several formats (evenings, study-days and residential weekends); offering organized retreats and making the retreat house available to like-minded organizations (thus extending our reach); providing a library of rare and important books on mysticism, religion and �������������������������������������������������������������������������������������������������������������� maintenance of two websites in support of the above. During the past two years we have made use of video conferencing technology, specifically Zoom, to offset the lack of face-to-face events at the Retreat House. This has proved very successful and we plan to maintain this as we expand our educational programme.
Looking at the overall financial aims of the Trust, an important part of the strategy programme is to increase funds to cover additional activities. To date we do not have a particular fund-raising policy in place, relying on donations, rental income from the cottage, lodge and the flat, and the small amount raised by the sale of CDs, cards and books.
Chair of Trustees Report
During difficult times we look for stability and structure to offset challenges which are political, economic, health related or finding order in our own lives. The Fintry Trust has always sought to be a repository of those ideas which have endured through time and which have reflected the eternal values, and the Ideals which do not change. Hence our dedication to Integral Wisdom, which offers that stability and ways to navigate the changing conditions of this world.
We come to the end of our current 5-year strategy this year, and are looking ahead to the period 2023-2027. Over the next six months we will be gathering feedback from our stakeholders which will help the Trustees to mould the strategy for the next five years. Considering the popularity of the zoom sessions we have held, this technology will feature strongly; for example, we have initiated a new online learning platform under The Fintry Trust, at www.integralwisdom.org. Through this website we will offer a series of courses, engaging talks, guided meditations and self-assessments uploaded throughout the year and beyond, which subscribers can watch in their own time. Our first course; Myth , Mind and Magic is already accessible on the website. A Fintry Trust Integral Wisdom Summer School is also planned for the summer of 2023. The Fintry Trust website continues to provide a wealth of offerings on topics as diverse as talks on Orthodox Iconography, the Kaballah and Dante, while the newsletter offers the Looking into the Light series of interviews, Calendar Notes, and �������������������������������������������������������������������������������������������������������������������
The Trust has been able to ������������������������������������������������������������������������������ back at work. The challenge of keeping such a large retreat house going without the usual income from events at Fintry has been managed, just, and like so many other organizations, we have used this period of time to see what new and previously untried ways are open to us by which we can make the Integral Wisdom available to the general public while continuing to offer high-quality talks and events to spread the stream of Ideal Philosophy, Art, Science and Religion, which underlie our programmes and which are the objects of the Trust.
Page 3
The Fintry Trust
Report of the Directors and Trustees for the Year Ended 31 March 2022
1. Fintry-based Programme and Bookings
The Fintry-based programme continues to be provided online while the house is closed, bringing in significant income in the form of event and course bookings, along with income from one-off donations and increased book sales. The Zoom programme continues to widen our range of contacts, enabling people from all round the world to participate, and for some new contacts, with training and support, to become presenters themselves. At the same time, Trust and externally booked retreats resumed in July 2021, with Covid precautions being followed. External bookings for both the House and Studio have returned to healthy levels.
2. Personnel
Face-to-face staff meetings and annual staff interviews are now being held as normal, with the staff being as co-operative, flexible and inventive as ever.
3. Estate
Relations with tenants remain cordial and mutually beneficial. Repairs to the rented properties are promptly carried out, and suggestions responded to. Exemplary care of the grounds proceeds as normal; fences are being maintained and repaired, and more produce being grown, now that it can be used for retreats.
4. Shrine of Wisdom
This year over 250 Shrine of Wisdom publications were sold, significantly fewer than last year, and over 50 Shrine of Wisdom magazines were also sold. Fewer retreats being held at Fintry, and TUO retreats being virtual, there was an impact on sales, although website sales made a valuable contribution to turnover. Over 100 individual orders were sent out via the Amazon Advantage small publishers programme. Almost one thousand orders have now been processed since we joined this programme, however ever higher postal costs erode the profitability of this method of selling books, which is a reason for recommending sales via the Trust website, especially since website sales involve payment at the point of ordering and is administratively more efficient. Sales in the United States once again made a welcome contribution to our trading surplus and we gratefully acknowledge the work on behalf of the Shrine of Wisdom of our North American distributor.
The Divine Pymander of Hermes Trismegistus accounted for over a quarter of all books sold . The Golden Verses of the Pythagoreans was also popular, as were The Mystical Theology of Dionysius the Areopagite and The Chaldean Oracles . Stocks of all books are sufficiently high to meet anticipated demand so no reprinting is envisaged in the near future.
.
��������������� Patricia Jeanrenaud Chair of the Trust
Page 4
The Fintry Trust
Report of the Directors and Trustees for the Year Ended 31 March 2022
FINANCIAL REVIEW
Financial Review
During the year 2021-22 income decreased from £186,111 in 2020-21 to £147,935 in 2021-22. This reflects the fact that no legacies were received in year and is more in line with normal recurrent income levels. Expenditure before movements on investments increased from £210,254 to £219,109. This reflects the reopening of Fintry to visitors and the costs that are associated with servicing this. Overall this resulted in an operating deficit of £71,174 (2021 £24,143).
The gains on investments decreased from £169,303 to £40,676 reflecting the slowdown in market recoveries globally. However, there was a £8,718 realised gain on investments sold. This overall reduction is a result of the slowdown in recovery seen in the stock markets since March 2021.
With the end of lockdown Fintry has reopened to visitors and we look forward to this raising income levels over the next year. However, it is important that the Trust maintains and enhances its on-line presence and the Trustees view this as a continuing development. Expenditure continues to be reviewed and minimised since the Trustees do not want to have to sell investments which provide a material income stream each year. In common with many other businesses the Trust will be reviewing its strategy in 2022 and taking the steps necessary to protect its resources in pursuit of its objectives.
Reserves policy
The Trust aims to maintain liquid reserves of at least 3 months expenditure which is estimated to be £50,000 on average. On 31 March 2022 net current assets were £70,947 (2021: £91,999). These represent free reserves since the Trust has no long-term liabilities.
ON BEHALF OF THE BOARD :
���������������
Mrs P Jeanrenaud � Chair of the Fintry Trust
Date: ������������
Page 5
Independent Examiner's Report to the Directors and Trustees of The Fintry Trust
I report on the accounts of the charity for the year ended 31 March 2022 which are set out on pages 8 to 17.
Respective responsibilities of directors and examiner
�������������� directors �������������������������������������������������������������������� directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently ����������������������������������������������������������������������������������������������������������� those matters set out in the statement below.
Other matters
Your attention is drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) 2[nd] edition issued in October 2019 in preference to the Accounting and Reporting Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
1 which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
- have not been met; or
Page 6
Independent Examiner's Report to the Directors and Trustees of The Fintry Trust
Independent examiner's statement (continued)
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
���������������
Anthony Kelly FCA Independent Examiner 2 Woodberry Close Chiddingfold Godalming Surrey GU8 4SF
Date: 27[th] June 2022
Page 7
The Fintry Trust
Statement of Financial Activities for the Year Ended 31 March 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOMING RESOURCES | |||
| Incoming resources from | |||
| generated funds | |||
| Donations and legacies | 2 | 27,228 | 59,515 |
| Other trading activities | 3 | 55,103 | 57,073 |
| Investment income | 4 | 32,585 | 26,872 |
| Incoming resources from | |||
| charitable activities | |||
| Teaching of ideal philosophy, | |||
| science art and religion | 30,295 | 24,196 | |
| Shrine of Wisdom publications | 1,197 | 1,937 | |
| Other | 1,527 | 16,518 | |
| Total incoming resources | 147,935 | 186,111 | |
| RESOURCES EXPENDED | |||
| Costs of raising funds | 5 | 5,680 | 5,165 |
| Charitable activities | |||
| Teaching of ideal philosophy, | |||
| science art and religion | 200,706 | 192,184 | |
| Shrine of Wisdom publications | 576 | 4,307 | |
| Support costs | 11,593 | 8,250 | |
| Other resources expended | 554 | 348 | |
| Total resources expended | 219,109 | 210,254 | |
| NET EXPENDITURE | (71,174) | (24,143) | |
| Net gains and (losses) on investments | |||
| Realised gains/(loss) on fixed asset | |||
| investments | 8,718 | 25,598 | |
| Unrealised gains/(loss) on fixed | |||
| asset investments | 31,958 | 143,705 | |
| Total recognised gains/(loss) | 40,676 | 169,303 | |
| Net movement in funds | (30,498) | 145,160 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 1,375,027 | 1,229,867 | |
| TOTAL FUNDS CARRIED FORWARD | 1,344,529 | 1,375,027 |
Page 8
The Fintry Trust
Balance Sheet At 31 March 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 9 | 399,311 | 446,309 |
| Investments | 10 | 874,271 | 836,719 |
| 1,273,582 | 1,283,028 | ||
| CURRENT ASSETS | |||
| Debtors | 11 | 14,946 | 23,549 |
| Cash at bank and in hand | 66,631 | 74,964 | |
| 81,577 | 98,513 | ||
| CREDITORS | |||
| Amounts falling due within one | 12 |
(10,630) | (6,514) |
| year | |||
| NET CURRENT ASSETS | 70,947 | 91,999 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 1,344,529 | 1,375,027 | |
| PROVISIONS FOR LIABILITIES | - | - | |
| NET ASSETS | 13 | 1,344,529 | 1,375,027 |
| FUNDS | 14 | ||
| Unrestricted funds | 1,344,529 | 1,375,027 | |
| TOTAL FUNDS | 1,344,529 | 1,375,027 |
The financial statements were approved by the Board of Trustees on 15[th] June 2022 and were signed on its behalf by:
�������������������
Mrs P Jeanrenaud -Trustee
Page 9
The Fintry Trust
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Accounting convention
����������������������������������������������������������������������������������������������� departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to �������������������������������������������������������������� ollowing the Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) 2[nd] edition issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Going concern
We have paid particular attention to the likely effects on the charity of the recent Covid-19 outbreak and the Trustees remain confident that sufficient funding and reserves are in place and that the charity has adequate resources to enable it to continue as a going concern for the foreseeable future.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Legacies are accounted for when receipt is probable and the amount due is capable of being estimated reliably.
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Investment income
This is included in the accounts when receivable.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Support costs
These include the costs of preparation and examination of the statutory accounts, the costs of Trustees meetings, and the cost of any legal or professional advice to Trustees on governance, constitutional or strategic matters.
Page 10
The Fintry Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property improvements - 10% straight line Furniture, fittings and equipment - 10%/20% straight line Plant and machinery - 10% straight line Tractor - 10% straight line Computer and website - 33% straight line
Tangible fixed assets (continued)
These are capitalised if they can be used for more than one year. They are valued at cost or a reasonable value on receipt. Minor additions, defined as those costing less than £500, are usually expensed in the year they are bought.
All assets are depreciated using straight line policy.
The library, which has been built up over many years, is carried at its insurance value. This is reviewed every few years.
The freehold property is not depreciated because the market value is considered to be significantly higher than the cost shown in the accounts.
Stocks
Stock consists of goods for resale. Stocks are valued at the lower of cost and net realisable value.
Cash at Bank
This includes the legacy accounts in the name of the old Trust since the CIO has sole control over the use of these accounts.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Page 11
The Fintry Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES continued
Investments
All investments are quoted on a recognised stock exchange and are shown at market value at the 5 April. Any material difference between the valuation at 31 March and 5 April is disclosed in the investment note. Any realised and unrealised gains and losses are reflected on the face of the Statement of Financial Activities.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate, and receivable or payable within one year, are recorded at transaction price.
2. DONATION AND LEGACIES
| Donations and gift aid Legacies 3. OTHER TRADING ACTIVITIES Rent received 4. INVESTMENT INCOME Investment income Deposit account interest |
2022 £ 27,228 - 27,228 2022 £ 55,103 2022 £ 32,571 14 32,585 |
2021 £ 59,515 - |
|---|---|---|
| 59,515 | ||
| 2021 £ 57,073 |
||
| 2021 £ 26,862 10 |
||
| 26,872 |
Page 12
The Fintry Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
5. COST OF RAISING FUNDS
| Portfolio investment management fees 6. SUPPORT COSTS ������������������������ Book-keeping Other Professional Fees |
2022 £ 5,680 2022 £ 1,700 5,724 4,169 11,593 |
2021 £ 5,165 |
|---|---|---|
| 2021 £ 2,796 5,454 - |
||
| 8,250 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration, expenses or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
8. STAFF COSTS
| Wages and salaries Expenses reimbursed |
2022 £ 70,984 396 71,380 |
2021 £ 80,350 19 |
|---|---|---|
| 80,369 |
The average monthly number of employees during the year was 6, all part-time (2021: 6).
There were no highly paid employees during this year or the previous year.
Page 13
The Fintry Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Freehold property £ COST At 1 April 2021 608,667 Additions - At 31 March 2022 608,667 DEPRECIATION At 1 April 2021 330,484 Charge for year 42,602 At 31 March 2022 373,086 NET BOOK VALUE At 31 March 2022 235,581 At 31 March 2021 278,183 |
Library Furniture, fittings and equipment £ £ 150,000 141,491 - 1,629 150,000 143,120 - 127,362 - 4,935 - 132,297 150,000 10,823 150,000 14,129 |
Tractor £ 10,900 - 10,900 6,903 1,090 7,993 2,907 3,997 |
Totals £ 911,058 1,629 |
| 912,687 464,749 48,627 |
|||
| 513,376 | |||
| 399,311 | |||
| 446,309 |
The library was valued by Bloomsbury Book Auctions on 15 March 1999 at £150,000. This figure is not depreciated. Freehold property of £47,000 is not depreciated, but improvements are.
Page 14
The Fintry Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
10. FIXED ASSET INVESTMENTS
| Cash and | |||
|---|---|---|---|
| Listed | settlements | ||
| investments | pending | Totals | |
| £ | £ | £ | |
| MARKET VALUE | |||
| At 1 April 2021 | 835,451 | 1,268 | 836,719 |
| Acquisition at cost | 155,938 | 202 | 156,140 |
| Disposals at opening book value | (150,546) | - | (150,546) |
| Net gains/(losses) on revaluations | 31,958 | - | 31,958 |
| at year end | |||
| At 31 March 2022 | 872,801 | 1,470 | 874,271 |
| NET BOOK VALUE | |||
| At 31 March 2022 | 872,801 | 1,470 | 874,271 |
| At 31 March 2021 | 835,451 | 1,268 | 836,719 |
| 2022 | 2021 | ||
| £ | £ | ||
| Historical cost | 796,199 | 773,489 | |
| All investment assets are listed in the UK. | |||
| Total Funds | Total Funds | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Listed investments | |||
| UK fixed interest | 119,606 | 165,790 | |
| UK quoted shares | 427,255 | 417,172 | |
| Overseas investments | 325,940 | 252,489 | |
| 872,801 | 835,451 | ||
| UK cash held as part of portfolio | 1,470 | 1,268 | |
| Market value at 31 March 2022 | 874,271 | 836,719 |
There were no investments over 5% at March 2021 and at March 2022
Page 15
The Fintry Trust
Notes to the Financial Statements – continued for the Year Ended 31 March 2022
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Income tax recoverable Prepayments and other debtors |
2022 £ 713 4,710 9,523 14,946 |
2021 £ 1,854 9,657 12,038 23,549 |
|---|---|---|
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accruals and deferred income |
2022 £ 1,824 8,806 10,630 |
2021 £ 93 6,421 6,514 |
|---|---|---|
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| ANALYSIS OF NET ASSETS BETWEEN | FUNDS | |
|---|---|---|
| 2022 | 2021 | |
| Total | Total | |
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| £ | £ | |
| Fixed assets | 399,311 | 446,309 |
| Investments | 874,271 | 836,719 |
| Current Assets | 81,577 | 98,513 |
| Current liabilities | (10,630) | (6,514) |
| 1,344,529 | 1,375,027 |
14. MOVEMENT IN FUNDS
| At 1.4.2021 Net movement in funds £ £ Unrestricted funds General fund 1,375,027 (30,498) TOTAL FUNDS 1,375,027 (30,498) |
Transfers between funds At 31.3.2022 £ £ - 1,344,529 - 1,344,529 |
|---|---|
Page 16
The Fintry Trust
Notes to the Financial Statements – continued for the Year Ended 31 March 2022
15. RELATED PARTY TRANSACTIONS
There were no transactions with related parties for the year ended 31 March 2022 nor for the year ended 31 March 2021.
16. CONTINGENT ASSET
On 14 March 2022 the Trustees were advised that the Fintry Trust had been named as the sole beneficiary of an estate which includes a property and other assets. At this time the sum expected to be received cannot be determined with sufficient certainty to enable a reliable estimate to be included in these accounts.
17. ULTIMATE CONTROLLING PARTY
The Board of Trustees are considered to be the ultimate controlling party
Page 17
The Fintry Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| INCOMING RESOURCES Donations and legacies Donations Gift aid tax recovered Other trading activities Rent received Investment income Investment income UK listed Deposit account interest Incoming resources from charitable activities Retreats Day events/On-line events Shrine of Wisdom Other Income Total incoming resources RESOURCES EXPENDED Costs of raising funds Portfolio management Charitable activities Wages Rates and water Insurance Light and heat Telephone Printing, stationery and other costs House keeping Repairs and maintenance Garden and grounds On-line course/Study day expenses Office equipment costs Library and website costs Depreciation - Freehold property Depreciation - Fixtures and fittings, equipment |
2022 £ 23,349 3,879 27,228 55,103 32,571 14 32,585 15,235 15,060 1,197 1,527 33,019 147,935 5,680 70,984 1,489 8,911 16,062 6,900 1,072 5,000 21,679 4,127 8,317 4,058 3,481 42,602 6,024 200,706 |
2021 £ 53,648 5,867 59,515 57,073 26,862 10 |
|---|---|---|
| 26,872 - 24,196 1,937 16,518 |
||
| 42,651 | ||
| 186,111 | ||
| 5,165 80,350 2,973 8,411 11,738 3,343 374 270 18,665 6,050 4,384 2,801 3,447 44,058 5,320 192,184 |
This page does not form part of the statutory financial statements
Page 18
The Fintry Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Support costs Independent examiners fee Accountancy and Book-keeping Other Professional Fees Other resources expended Other costs Shrine of Wisdom Publications Total resources expended Net surplus/(deficit) before investment gains and losses Recognised gains and losses Realised gains/(losses)on fixed asset investments Net (expenditure)/income |
2022 £ 1,700 5,724 4,169 11,593 554 576 219,109 (71,174) 8,718 (62,456) |
2021 £ 2,796 5,454 - |
|---|---|---|
| 8,250 348 4,307 |
||
| 210,254 | ||
| (24,143) 25,598 |
||
| 1,455 |
This page does not form part of the statutory financial statements
Page 19