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|||Page||
|---|---|---|---|
|Report ofthe Trustees|I|to|6|
|Independent Examiner’s Report||7||
|StatementofFinancial Activities||8||
|Balance Sheet|9|to|10|
|Cash Flow Statement||11||
|Notes to the Cash Flow Statement||12||
|Notes to the Financial Statements|13|to|19|
|Detailed StatementofFinancial Activities||20||





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|||31.3.21|31.3.20|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|INCOME AND ENDOWMENTS FROM||||
|Investment income|4|187,480|197,826|
|EXPENDITURE ON||||
|Charitable activities||||
|Medical/health||30,000|-|
|Education and media||10,000|12,000|
|Arts and culture||-|32,500|
|Poverty/social/justice||-|5,000|
|Investment expenses:||14,622|15,702|
|Total||54,622|65,202|
|Netgains/(losses) on investments||(240,000)|(175,000)|
|NETINCOME/(EXPENDITURE)||(107,142)|(42,376)|
|RECONCILIATION OF FUNDS||||
|Total funds brought forward||3,328,658|3,371,034|
|TOTAL FUNDS CARRIED FORWARD||3,221,516|3,328,658|





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||BALANCE SHEET<br>31 MARCH 2021|||
|---|---|---|---|
|||31.3.21|31.3.20|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|FIXED ASSETS||||
|Investments||||
|Investment property|10|2,900,000|3,140,000|
|Social investments|11|75,000|75,000|
|||2,975,000|3,215,000|
|CURRENTASSETS||||
|Debtors|12|12,659|17,589|
|Cash at bank||285,308|142,593|
|||297,967|160,182|
|CREDITORS||||
|Amounts falling duewithin one year|13|(45,500)|(44,724)|
|NET CURRENT ASSETS||252,467|115,458|
|TOTALASSETS LESS CURRENT||||
|LIABILITIES||3,227,467|3,330,458|
|CREDITORS||||
|Amounts falling due after more than one year|14|(5,951)|(1,800)|
|NET ASSETS||3,221,516|3,328,658|
|FUNDS|IS|||
|Unrestricted funds||3,221,516|3,328,658|
|TOTAL FUNDS||3,221,516|3,328,658|





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|||31.3.21|31.3.20|
|---|---|---|---|
||Notes|£|£|
|Cash flows from operatingactivities||||
|Cash generated from operations|1|142,584|120,491|
|Net cash provided by operating activities||142,584|120,49~|
|Cash flows from investing activities||||
|Purchaseofsocial investments|||(75,000)|
|Interest received||131|646|
|Netcash provided by/(used in) investing activities||131|(74,354)|
|Change in cash and cash equivalents in||||
|the reporting period||142,715|46,137|
|Cash and cash equivalents at the||||
|beginningofthe reporting period||142,593|96,456|
|Cash and cash equivalents at the end of||||
|the reporting period||285,308|142,593|





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|ACTIVITIES||||
|---|---|---|---|
|||31.3.21|31.3.20|
|||£|£|
|Netexpenditure for the reporting period (as per the Statementof||||
|Financial Activities)||(107,142)|(42,376)|
|Adjustments for:||||
|Losses on investments||240,000|175,000|
|Interest received||(131)|(646)|
|Decrease/(increase) in debtors||4,930|(6,588)|
|Increase/(decrease) in creditors||4,927|(4,899)|
|Net cash provided by operations||142,584|120,491|
|ANALYSIS OF CHANGES IN NET FUNDS||||
||At 1.4.20|Cash flow|At31.3.21|
||£|£|£|
|Net cash||||
|Cash at bank|142,593|142,715|285,308|
||142,593|142,715|285,308|
|Total|142,593|142,715|285,308|



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|INVESTMENT INCOME|||
|---|---|---|
||31.3.21|31.3.20|
||£|£|
|Rents received|184,015|192,846|
|Insurance income|3,334|4,334|
|Deposit account interest|131|646|
||187,480|197,826|



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|Lessor|31.3.2021|31.3.2020|
|---|---|---|
||£|£|
|Not latterthan 1 year|194,100|194,100|
|Laterthan 1 year and not latterthan 5 years|465,300|465,300|
|Laterthan 5 years|122,900|227,700|
|Total|736,200|887.100|
|GRANTS PAYABLE|||
||31.3.21|31.3.20|
||£|£|
|Medical/health|30,000|-|
|Education and media|10,000|12,000|
|Arts and culture|-|32,500|
|Poverty/social/justice|-|5,000|
||40,000|49,500|
|Thetotal grants paid to institutions during the yearwas as follows:|||
||31.3.21|31.3.20|
||£|£|
|Donation|40,000|49,500|



|||||31.3.202||
|---|---|---|---|---|---|
|||||1|31.3.2021|
|||||Number|£|
|Grant|paid|to|Institutions|3|40,000|
|Total||||3|40,000|





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||Unrestricted|
|---|---|
||fund|
||£|
|INCOME AND ENDOWMENTS FROM||
|Investment income|197,826|
|EXPENDITURE ON||
|Charitable activities||
|Education and media|12,000|
|Arts and culture|32,500|
|Poverty/social/justice|s,ooo|
|Investment expenses:|15,702|
|Total|65,202|
|Net gains/(losses) on investments|(175,000)|
|NET INCOME/(EXPENDITURE)|(42,376)|
|RECONCILIATION OF FUNDS||
|Total funds broughtforward|3,371,034|
|TOTAL FUNDS CARRIED FORWARD|3,328,658|



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|INVESTMENT PROPERTY||
|---|---|
||£|
|FAIR VALUE||
|At 1 April 2020|3,140,000|
|Revaluation|(240,000)|
|At 31 March 2021|2,900,000|
|NET BOOKVALUE||
|At 31 March 2021|2,900,000|
|At 31 March 2020|3,140,000|
|Fairvalue at 31 March 2021 is represented by:||
||£|
|Valuation in 2018|130,000|
|Valuation in 2019|(35,000)|
|Valuation in 2020|(175,000)|
|Valuation in 2021|(240,000)|
|Cost|3,220,000|
||2,900,000|



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|||31.3.21|31.3.20|
|---|---|---|---|
|||£|£|
|Rents|recoverable|12,659|17,589|





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||31.3.21|31.3.20|
|---|---|---|
||£|£|
|Trade creditors|||
|Rent received in advance|40,899|39,524|
|Accrued expenses|4,600|5,200|
||45,500|44,724|



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|||31.3.21|31.3.20|
|---|---|---|---|
|||£|£|
|Tenants deposits||5,951|1,800|
|MOVEMENT IN FUNDS||||
|||Net||
|||movement|At|
||At 1.4.20|in funds|31.3.21|
||£|£|£|
|Unrestricted funds||||
|General fund|3,328,658|(107,142)|3,221,516|
|TOTALFUNDS|3,328,658|(107,142)|3,221,516|



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|Netmovement in finds, included in the above|are as follows:||||
|---|---|---|---|---|
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|187,480|(54,622)|(240,000)|(107,142)|
|TOTAL FUNDS|187,480|(54,622)|(240,000)|(107,142)|
|Comparatives for movement in funds|||||
||||Net||
||||movement|At|
|||At 1.4.19|in funds|31.3.20|
|||£|£|£|
|Unrestricted funds|||||
|General fund||3,371,034|(42,376)|3,328,658|
|TOTAL FUNDS||3,371,034|(42,376)|3,328,658|





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||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|197,826|(65,202)|(175,000)|(42,376)|
|TOTAL FUNDS|197,826|(65,202)|(175,000)|(42,376)|



|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.19|in funds|31.3.21|
||£|£|£|
|Unrestricted funds||||
|General fund|3,371,034|(149,518)|3,221,516|
|TOTAL FUNDS|3,371,034|(149,518)|3,221,516|



|as follows:|||||
|---|---|---|---|---|
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|385,306|(119,824)|(415,000)|(149,518)|
|TOTALFUNDS|385,306|(119,824)|(415,000)|(149,518)|



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|FORTHEYEARENDED|31 MARCH 2021||
|---|---|---|
||31.3.21|31.3.20|
||£|£|
|INCOME AND ENDOWMENTS|||
|Investment income|||
|Rents received|184,015|192,846|
|Insurance income|3,334|4,334|
|Deposit account interest|i31|646|
||187,480|197,826|
|Total incoming resources|187,480|197,826|
|EXPENDITURE|||
|Charitable activities|||
|Grants to institutions|40,000|49,500|
|Investment Expenses|||
|Finance|||
|Bank charges|18|78|
|Professional fees|||
|Legal fee|-|7,742|
|Agents commission|3,240|-|
||3,240|7,742|
|Property maintenance|||
|Repairs and renewals|1,691|904|
|Renewaloffurnitures|771|-|
|Cleaning|216|-|
|Insurance|1,860|1,778|
|Rates|37|-|
||4,575|2,682|
|Other|||
|Bad debts|2,189|-|
|Governance costs|||
|Independentexaminers fee|4,600|5,200|
|Total resources expended|54,622|65,202|
|Net income before gains and losses|132,858|132,624|
|Realised recognisedgains and losses|||
|Revaluation gains|(240,000)|(175,000)|
|Net expenditnre|(107,142)|(42,376)|