| CONTENTS | PAGE | ||
|---|---|---|---|
| Legal and administrative | information | ||
| Report ofthe Trustees | 2 —6 | ||
| Independent Examiner's |
report | ||
| Statement ofFinancial | Activities | ||
| Income and Expenditure | Account | ||
| Balance Sheet | 10-11 | ||
| Notes forming part ofthefmancial | statements | 12 —20 |
| CHARITY NO: | CHARITY NO: | 1171378 | ||||
|---|---|---|---|---|---|---|
| COMPANY | NO: | 10581820 | ||||
| PATRON: | Mr Michael More-Molyneux, | HM Lord-Lieutenant | ofSurrey | |||
| TRUSTEES | ||||||
| &DIRECTORS: | Mr Roger Musson (Chairman) | |||||
| Mr Michael Chastell | ||||||
| Mrs Angela Goodwin | ||||||
| Ms Christine Hetherington |
||||||
| Mr Gordon Reid | ||||||
| FrNeil Roberts | ||||||
| Manager &Clerk tothe Trustees: | ||||||
| Mrs Val Richards | ||||||
| Finance Officer: | Mrs Emma Tidy | |||||
| Registered Office: | The Oriel, Sydenham | Road | ||||
| Guildford, Surrey GU1 3SR |
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| Principal Office: | Stoke Hospital OAice | |||||
| 92 Stoke Road | ||||||
| Guildford, Surrey GU1 4JH |
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| PROFESSIONAL ADVISERS | ||||||
| The following acted for the Charity in their capacity as: |
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| Bankers: | Lloyds Bank PLC | |||||
| 147High Street | ||||||
| Guildford, Surrey GU1 3AG |
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| Independent | Examiner: | DLGriffin, FCA | ||||
| Moore (South) LLP | ||||||
| Priory House, Pilgrims | Court, | Sydenham | Road | |||
| Guildford, Surrey GU1 3RX |
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| Investment Providers: |
M&G | |||||
| P0Box9038 | ||||||
| Chelmsford CM99 2XF |
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| Solicitors: | Moore Barlow LLP | Third Sector Law Ltd | ||||
| The Oriel, Sydenham | Road | 240 Shinfield Road | ||||
| Guildford, Surrey GU1 3SR |
Reading, Berks RG2 8EX |
| UNRESTRICTED | PERMANENT | TOTAL | TOTAL | ||||
|---|---|---|---|---|---|---|---|
| FUNDS | ENDOWMENT | FUNDS | FUNDS | ||||
| FUND | |||||||
| Notes | 2021 | 2021 | 2021 | 2020 | |||
| INCOME AND | |||||||
| ENDOWtVIKNTS | FROM: | ||||||
| Charitable activities |
|||||||
| Maintenance | contributions | and | |||||
| other charges | 35,637 | 35,637 | 32,552 | ||||
| Donations & | grants | 1,562 | 1.562 | 10,335 | |||
| Investments | 1,528 | 1,528 | 1,866 | ||||
| TOTALINCOIVIE | 38,727 | 38,727 | 44,753 | ||||
| Charitable activities |
23.740 | 91 | 23,831 | 37,219 | |||
| Other costs | 1,680 | 1,680 | 1,260 | ||||
| TOTAL EXPENDITURE | 25,420 | 91 | 25,511 | 38,479 | |||
| UNREALISED GAFN/(LOSS) INVESTIVIENTS |
OF | 4,584 | (3,389) | ||||
| NET INCOME/(DEFICIT) | 17,891 | (91) | 17,800 | 2,885 | |||
| TOTAL FUNDS | BROUGHT | 58,195 | 2.616 | 60,811 | 57,926 | ||
| FORWARD | |||||||
| TOTAL FUNDS | CARRIED | ||||||
| FORWARD | 76,086 | 2,525 | 78,611 | 60,811 |
| 2021 | 2020 | |
|---|---|---|
| Income | 43,311 | 44,753 |
| Expenditure | (25,420) | (41,777) |
| Net | 17,091 | 2,976 |
| UNRESTRICTED | PERMANENT | TOTAL FUNDS | TOTAL | |||
|---|---|---|---|---|---|---|
| FLINDS | ENDOWMENT | FUNDS | ||||
| Notes | 2021 | 2021 | 2021 | 2020 | ||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 2,525 | 2,525 | 2,616 | |||
| 2,525 | 2,525 | 2,616 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 10 | 9,139 | 9,139 | 1.642 | ||
| Investments | 52.500 | 52,500 | 46,389 | |||
| Cash at bank | 24,062 | 24,062 | 18,841 | |||
| 85,701 | 85,701 | 66,872 | ||||
| CREDITORS: Amounts | falling | |||||
| duc iidthin onc year | 12 | (9,615) | (9,615) | (8,677) | ||
| NET CURRENT ASSETS | 76,086 | 75,743 | 58,195 | |||
| TOTAL ASSETSLESSCURRENT LIABILITIES |
76,086 | 2,525 | 78,611 | 60,811 | ||
| NET ASSETS | 76,086 | 2,525 | 78,611 | 60,811 | ||
| UNRESTRICTED FUNDS | ||||||
| General &Repair Funds | 16 | 76,086 | 76,086 | 58,195 | ||
| RESTRICTED FUNDS | ||||||
| Endoivment Fund |
16 | 2,525 | 2.525 | 2,616 | ||
| 76,086 | 2,525 | 78,611 | 60,811 |
| 3. DONATI | ON | S &GRANTS | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Donations | 1,562 | 335 | ||
| Grants | 10000 | |||
| 1.562 | 10.335 | |||
| All donations | &grants received are unrestricted. | |||
| 4. INVESTMENT INCOME | ||||
| 2021 | 2020 | |||
| Investment | income —listed | 1,527 | 1,864 | |
| Investment | income —interest | 1 | 2 | |
| Total | 1,528 | 1,866 | ||
| All investment | income is unrestricted |
| 5. EXPENDITURE |
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|---|---|---|---|
| 2021 | 2020 | ||
| Charitable activities |
|||
| Water charges | 1,043 | 1,003 | |
| Property insurance |
909 | 898 | |
| Telephone | 1,670 | 1,681 | |
| Emergency communication |
system | 1,196 | 949 |
| Heating, hot water, electricity | 1,784 | 2,907 | |
| Extraordinary maintenance |
and repairs | 2,516 | 10,516 |
| Cyclical maintenance and |
repairs | 4,786 | |
| Day to day maintenance | 4,217 | 3,277 | |
| Manager &Clerk and Finance Manager | 7,454 | 8,204 | |
| Subscriptions | 192 | 140 | |
| Data protection | 35 | 70 | |
| Printing and office expenses | 1,057 | 946 | |
| Miscellaneous expenses |
707 | 33 | |
| Professional services/legal |
fees | 960 | 1,718 |
| TOTAL UNRESTRICTED | EXPENDITURE | 23 740 | 32 328 |
| Permanent endowment |
|||
| Depreciation | 91 | 91 | |
| TOTAL RESTRICTED EXPENDITURE | 91 | ||
| TOTAL EXPENDITURE | ON CHARITABLE ACTIVITIES | 23.8 1 |
37.219 |
| 6. OTHER COSTS |
2021 | 2020 | |
| f | |||
| Independent examination |
1,440 | 1,260 | |
| Prior year under accrual | 240 | ||
| TOTAL | 1,680 | 1,260 |
| 2021 f |
2020f | ||
|---|---|---|---|
| Wages | and Salaries | 4,925 | 1,162 |
| National | Insurance | 5 | |
| Pension | contributions | ||
| 4,925 | 1,162 |
| TANGIBLE FIXEDASSETS | ||
|---|---|---|
| Freehold | ||
| Improvements | Total | |
| Permanent Endowment: Cost at I"January 2021and 31"December 2021 |
4,527 | 4,527 |
| Depreciation: Balance brought forward at I"January 2021 |
1,911 | 1,911 |
| Charge for the year | 91 | |
| Balance at 31"December 2021 | 2,002 | 2,002 |
| Net BookValue: | ||
| 31"December 2021 | 2,525 | 2,525 |
| 31"December 2020 | 2,616 | 2,616 |
| The four cottages have | The four cottages have | no known historical cost. However | no known historical cost. However | in 2021 the total sum insured based on their | in 2021 the total sum insured based on their |
|---|---|---|---|---|---|
| estimated replacement |
cost was f.1,046,995(2020 -K1,016,500). | ||||
| 10. DEBTORS |
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| 2021 | 2020 | ||||
| g | |||||
| Amounts receivable |
within one year: | ||||
| Trade Debtors | 333 | 749 | |||
| Prepayments | 8,806 | 893 | |||
| 9,139 | 1,642 | ||||
| All debtors relate to | the unrestricted | funds. | |||
| 11. INVKSTMKNTS |
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| 2021 | 2020 | ||||
| M&G Charity Multi | Asset Fund | ||||
| As at Ia January | 46,389 | 47,914 | |||
| Dividends reinvested |
1,527 | 1,864 | |||
| Revalued in year |
4,584 | (3,389) | |||
| As at 31"December | 52,500 | 46,389 |
| Amounts | falling due within one year: | falling due within one year: | 2021 | 2020 |
|---|---|---|---|---|
| Accruals | 9,525 | 8,238 | ||
| Other social security costs | 90 | 96 | ||
| Deferred | income | 343 | ||
| 9,615 | 8,677 | |||
| All creditors relate to unrestricted | funds |
| Balance at | Income | Expenditure | Transfers | Gain on | Balance at | ||
|---|---|---|---|---|---|---|---|
| I Jan 2021 | revaluation of |
31 December | |||||
| invesnnents | 2021 | ||||||
| Permanent | Endosvment | ||||||
| Fund | |||||||
| Grants received for | |||||||
| Improvements 1964 |
2,616 | (91) | 2,525 | ||||
| Unrestricted | Funds | ||||||
| General | 33,195 | 37,199 | (22,904) | (6,404) | 41,086 | ||
| Extraordinary | repair fund | 50,000 | ],222 | (2,516) | 7,627 | 3,667 | 30,000 |
| Cyclical repair fund | 5,000 | 306 | (1,223) | 917 | 5,000 | ||
| 58,195 | 38,727 | (25,420) | - | 4,584 | 76,086 | ||
| 60,811 | 38,727 | (25,511) | — | 4,584 | 78,611 | ||
| Balance at | Income | Expenditure | Transfers | Gain on | Balance at | ||
| I Jan 2020 | revaluation of |
31December | |||||
| investments | 2020 | ||||||
| Permanent | Kndovvment | ||||||
| Fund | |||||||
| Grants received for | |||||||
| Improvements 1964 |
2,707 | (91) | 2,616 | ||||
| Restricted Funds | |||||||
| Grants for refurbishment | 10,000 | (10,000) | |||||
| Unrestricted | Funds | ||||||
| General | 30,219 | 32,887 | (23,087) | (6,824) | 33,195 | ||
| Extraordinary | repair fund | 19,000 | 1,418 | (5,227) | 7,385 | (2,576) | 20,000 |
| Cyclical repair fund | 6,000 | 448 | (74) | (561) | (813) | 5,000 | |
| 55,219 | 34,753 | (28,388) | (3,389) | 58,195 | |||
| 57,926 | 44,753 | (38,479) | - | (3,389) | 60,811 |
| Grants | Extra- | Cyclical | Revenue | Total | ||
|---|---|---|---|---|---|---|
| received in | orilnlary | repair | reserve | |||
| 1964for | repair fund | fund | ||||
| improvements | ||||||
| (Restricted) | ||||||
| Restricted funds | ||||||
| Tangible fixed assets | 2,525 | 2,525 | ||||
| Unrestricted | funds | |||||
| Investments | 30,000 | 5,000 | 17,500 | 52,500 | ||
| Cash at bank | 24,062 | 24,062 | ||||
| Debtors | 9,139 | 9,139 | ||||
| Creditors | ~9615 | (99661155 | ||||
| 30,000 | 5,000 | 41,086 | 76,086 | |||
| 2,525 | 30,000 | 5,000 | 41,086 | 78,611 | ||
| Prior year | information | |||||
| Grants | Extra- | Cyclical | Revenue | Total | ||
| received for | ordinary | repair | reserve | |||
| improvements | repair fund | fund | ||||
| (1964) | ||||||
| (Resn icted) | ||||||
| Restricted funds | ||||||
| Tangible fixed assets | 2 616 | 2616 | ||||
| Unrestricted | funds | |||||
| Investments | 20,000 | 5,000 | 21,389 | 46,389 | ||
| Cash at bank | 8,841 | 18,841 | ||||
| Debtors | 1,642 | 1,642 | ||||
| Creditors | ~8677 | ~8677 | ||||
| 20,000 | 5,000 | 3,195 | 58,195 | |||
| 2,616 | 20,000 | 5,000 | 3,195 | 60,811 |