| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Statement ofFinancial | Position | |||
| Notes to the Financial Statements | 8 | to | 14 | |
| Detailed Statement ofFinancial Activities |
| for | the Year Ended 5 A ril | 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME | AND ENDOWMENTS FROM | ||||
| Donations | and legacies | 11,000 | 25,000 | ||
| Investment | income | 34,368 | 66,698 | ||
| Total | 45,368 | 91,698 | |||
| EXPENDITURE ON | |||||
| Charitable | activities and support costs | ||||
| Charitable | activities | 362,015 | 62,037 | ||
| Net gains | on investments | 366,716 | 3,150,000 | ||
| NET INCOME | 50,069 | 3,179,661 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 10,986,674 | 7,807,013 | ||
| TOTAL FUNDS CARRIED FORWARD | 11,036,743 | 10,986,674 |
| Statement | ofFinancial Position | |||
|---|---|---|---|---|
| 5~Ari1 2022 | ||||
| 2022 | 2021 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Investments | ||||
| Investments | I | 2 | ||
| Investment properties |
1,300,000 | 10,850,000 | ||
| 1,300,001 | 10,850,002 | |||
| CURRENT ASSETS | ||||
| Debtors | 10 | 37,450 | ||
| Cash at bank | 9,700,977 | 138,622 | ||
| 9,738,427 | 138,622 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
(1,685) | (1,950) | ||
| NET CURRENT ASSETS | 9,736,742 | 136,672 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 11,036,743 | 10,986,674 | ||
| NET ASSETS | 11,036,743 | 10,986,674 | ||
| FUNDS | 12 | |||
| Unrestricted funds |
11,036,743 | 10,986,674 | ||
| TOTAL FUNDS | 11,036,743 | 10,986,674 |
| INVESTMENT INCOME | ||
|---|---|---|
| 2022 | 2021 | |
| Rents receivable | 37,450 | 87,899 |
| Service charges payable | (9,220) | (21,201) |
| Deposit account interest | 6,138 | |
| 34,368 | 66,698 | |
| GRANTS PAYABLE | ||
| 2022 | 2021 | |
| Charitable activities |
360,000 | 60,000 |
| Governance | ||||||
|---|---|---|---|---|---|---|
| Finance | costs | Totals | ||||
| Charitable | activities | 360 | 1,655 | 2,015 | ||
| TRUSTEES' REMUNERATION | AND | BENEFITS | ||||
| No trustee | received any remuneration | during the year under review. | ||||
| Trustees' | expenses | |||||
| No trustee | received any expense payments | during the year under review. | ||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||||
| Unrestricted | ||||||
| fund | ||||||
| INCOME | AND ENDOWMENTS | FROM | ||||
| Donations | and legacies | 25,000 | ||||
| Investment | income | 66,698 | ||||
| Total | 91,698 | |||||
| EXPENDITURE ON | ||||||
| Charitable | activities and support | costs | ||||
| Charitable | activities | 62,037 | ||||
| Net gains | on investments | 3,150,000 | ||||
| NET INCOME | 3,179,661 | |||||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
7,807,013 | |||||
| TOTAL FUNDS CARRIED FORWARD | 10,986,674 |
| 10. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Rents due | 37,450 | ||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | ||
| Other creditors | 1,685 | 1,950 | |
| Other creditors comprise service charges due (2021 only) and accrued expenses. | |||
| 12. | MOVEMENT IN FUNDS |
| MOVEMEN | T IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 6.4.21 | in funds | 5.4.22 | ||
| Unrestricted | funds | |||
| General fund | 10,986,674 | 50,069 | 11,036,743 | |
| TOTAL FUNDS | 10,986,674 | 50,069 | 11,036,743 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 45,368 | (362,015) | 366,716 | 50,069 | ||
| TOTAL FUNDS | 45,368 | ~362,015) | 366,716 | 50,069 | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 6.4.20 | in funds | 5.4.21 | ||||
| Unrestricted | funds | |||||
| General fund | 7,807,013 | 3,179,661 | 10,986,674 | |||
| TOTAL FUNDS | 7,807,013 | 3,179,661 | 10,986,674 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 91,698 | (62,037) | 3,150,000 | 3,179,661 | |
| TOTAL FUNDS | 91,698 | ~62,037) | 3,150,000 | 3,179,661 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 6.4.20 | in funds | 5.4.22 | ||
| Unrestricted | funds | |||
| General fund | 7,807,013 | 3,229,730 | 11,036,743 | |
| TOTAL FUNDS | 7,807,013 | 3,229,730 | 11,036,743 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 137,066 | (424,052) | 3,516,716 | 3,229,730 | |
| TOTAL FUNDS | 137,066 | ~424,052) | 3,516,716 | 3,229,730 |
| for the Year Ended 5 A | ril 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations and legacies |
11,000 | 25,000 | ||
| Investment income |
||||
| Rents receivable | 37,450 | 87,899 | ||
| Service charges payable | (9,220) | (21,201) | ||
| Deposit account interest | 6,138 | |||
| 34,368 | 66,698 | |||
| Total incoming resources |
45,368 | 91,698 | ||
| EXPENDITURE | ||||
| Charitable activities and |
support costs | |||
| Travel | 17 | |||
| Grants to institutions | 360,000 | 60,000 | ||
| 360,000 | 60,017 | |||
| Support costs | ||||
| Finance | ||||
| Bank charges | 360 | 270 | ||
| Governance costs |
||||
| Independent examiner's |
fees | 1,655 | 1,750 | |
| Total resources expended | 362,015 | 62,037 | ||
| Net (expenditure)/income | before gains and | |||
| losses | (316,647) | 29,661 | ||
| Revaluation ofinvestment property Realised k unrealised gains on investment |
||||
| property | 366,716 | 3,150,000 | ||
| Net income | 50,069 | 3,179,661 |