2022-04-05-accounts - The Pontoon Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

					Unrestricted	Expendable	Total	Total
					income	endowment	this period	last year
			Note		Fund F	Fundf	2022f	202'I F
Incoming resources
Voluntary Income
Donations and compensation						1,921,126	1,921,126	2,719,980
Tax refund due on gift aid						475,000	475,000	679,995
Investmentincome					52,394		52,394	55,604
Total incoming resources					52,394	2,396,126	2,448 520	3,455,579
Resourses expended
Cost ofgenerating funds
Investment management	costs
Charitable activities
Grants made				3	1,430,000		1,430,000	2,500,000
Other
Audit fees					1,560		1,560	1,380
Accountancy and advice Bank charges	fees				6,000 22		6,000 22	6,000 43
Total resources expended					1,437 582		1,437,582	2,507,423
Net incoming/(outgoing)	resources				(1,385,188)	2,396,126	1,010,938	948,156
before transfers
Gross transfers between	funds				1,385,188	~13II5,188
Net Income/(outgoing)	resources before					1,010,938	1,010,938	948,156
other recognised gains	and	losses
Other recognised gains	and	losses
(Losses)/gains on investment Net movements in funds		assets				2,500 1,013,438	2,500 1,013,438	1,224,299 2,172,455
Fund balance brought forward Fund balance carried forward at 5 April			2022			6,779,395 7,792,833	6,779 395 7,792,833	4,606,940 6,779,395

				2022	2021
Net income for the year				1,010,938	948,156
Adjustments for
Interest and dividends				(52,394)	(55,604)
Decrease/(Increase) in debtors					375,000
Increase in creditors				(2,580)	60
Cash flows from operating		activities		955,964	1,267,612
Cash flows from investing		activities
Interest and dividends				52,394	55,604
Proceeds from sale of investments				1,000,000	700,000
Purchase ofinvestments				(1,923,025)	(1,719,230)
Net cash used by Investing		activities		(870,632)	(963,626)
Change in cash and cash equivalents				85,333	303,986
Cash and cash equivalents	brought		forward	575,174	271,188
Cash and cash equivalents	carried forward			660,507	575,174

									2022	2021
									E	E
1 Income
Gift Aid donations									1,900,000	2,719,980
Canada Life compensation		payment							21,126
(Donations and related tax refunds		are all expendable				endowment		fund Income)
									1,921,126	2,719,980
2 Investment income
Handelsbanken	interest									318
LF Hb Balanced	Multi Asset	Fund		I Inc	dividend		distributions		52,394	55,285
(Investment income	ls all unrestncted		funds	income)					52 394	55,503
3 Grants
Grief to Grace									150,000	150,000
Royal Opera House										2,100,000
Opera RARA									100,000	250,000
The Congregation	of the Holy		Spirt						80,000
Westminster Cathedral									100,000
Jesuits in Britain									1,000,000
(Grant expenditure is all unrestricted			Fund expenditure)						1,430,000	2,500,000
4 Other
Audit fees 2020-21										1,380
Accountancy and	Wealth advice fees to				31	March 2021				6,000
	(I-landelsbanken				VVealth		Mgt)
Bank charges										43
Audit fees for 2021-2022									1,560
Accountancy and	Wealth advice fees to				31	March 2022			6,000
	(Handelsbanken				Wealth		Mgt)
Bank charges
(other expenditure is	all unrestdcted	fund expenditure)							7,582	7,423
5 Fixed asset investments
Market value
Carrying (market)	value at beginning			ofyear					6,211,241	3,967,712
Add Additions at	cost								1,923,025	1,719,230
Less disposals at	carry value								1,000,000	700,000
Add/(deduct) net	gain/(loss)	on revaluation							2500	1,224299
Carrying (market)	value at end		ofyear						7,136,766	6,211,241