| Page No: | |||
|---|---|---|---|
| Report ofthe trustees | 1-3 | ||
| Independent Examiner's |
Report | ||
| Statement offinancial activities | |||
| Balance sheet | |||
| Statement ofcash flu&v | |||
| Notes forming part ofthe financial | stateinents | 8&9 |
| Unrestricted | Funds | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Income: | |||||
| Donations and grants |
854,936 | 207,754 | |||
| Rental Income | 15,000 | ||||
| Total income | 869,936 | 207,754 | |||
| Expenditure: | |||||
| On raising funds | |||||
| Brochures | 2,384 | 1,063 | |||
| 2,384 | 1,063 | ||||
| On charitable activities |
|||||
| Insurance | 5,173 | 5,165 | |||
| Utilities | 610 | 541 | |||
| Building Maintenance | 2,455 | ||||
| Bookkeeping and accountancy |
800 | 1,600 | |||
| Loan interest | 2,365 | ||||
| Website, communications | and I,T. | 6,192 | 375 | ||
| Sundhy expenditure | 1,247 | ||||
| Bank charges | 339 | 334 | |||
| Legal and professional | fees | 1,917 | |||
| 18,733 | 10,380 | ||||
| Total expenditure | 21,117 | 11,443 | |||
| Net income and net movement | in funds | 848,819 | 196,311 | ||
| Reconciliation offunds: | |||||
| Total fumls brought forward | 902,569 | 706,258 | |||
| Total fuuds carried forward | 1,751,388 | 902,569 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Cash flows froin | operating activities of: |
|||||
| Net cash provided | by operating | activities | 867,067 | 170,617 | ||
| Cash flows from | investing activities: |
|||||
| Rental income | 15,000 | |||||
| Property additions |
(148,016) | (361,525) | ||||
| Cash flows from | financing activities: |
|||||
| Repayment ofloans | (733,348) | |||||
| New loans | 23,245 | |||||
| Change in cash for | the year | 703 | (167,663) | |||
| Cash at begiuuing | ofthe year | 5,851 | 173,514 | |||
| Cash at the end of | the year | 6,554 | 5,851 | |||
| Reconciliation ofnet income |
to | net cash flow | ||||
| from operating | activities | |||||
| Net income as per the statement | of financial activities | 848,819 | 196,311 | |||
| Adjustment for: |
||||||
| Rental income | (15,000) | |||||
| (Increase)/decrease | in debtors | 3,268 | (1,673) | |||
| Increase/(decrease) | in creditors | 29,980 | (24,021) | |||
| Net Cash provided | by operating | activities | 867,067 | 170,617 |
| being wound up, the liability in respect ofthe |
guarantee is limited tofI per member. |
|---|---|
| Taugible fixed assets | Long leasehold |
| land aml buil&lings | |
| Cost | |
| At I June 2021 | 2,409,143 |
| Additions in the year |
148,016 |
| At 31May 2022 | 2,557,159 |
| Net book value | |
| At 31May 2022 | 2,557,159 |
| At 31May 2021 | 2,409,143 |
| 4 | Debtor | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| VAT recoverable | 580 | ||||||
| Amount due fiom the |
Worshipful | Company ofCarmen | 2,688 | ||||
| 3,268 | |||||||
| 5 | Creditors —Amounts |
falling due | within | one year | 2022 | 2021 | |
| Deferred Income | 30,000 | ||||||
| Loan from the Worshipful | Company ofCarmen | 95,000 | 100,000 | ||||
| Loan from trustees (Note | 6) | 681,714 | 1,410,062 | ||||
| Accrued expenditure | and | VAT | 5,611 | 5,631 | |||
| 812,325 | 1,515,693 |
| Statement offunds Designated fumls (unrestricted) |
|||
|---|---|---|---|
| Fixed | Geueral | ||
| Asset | Operating | ||
| Fund | Fund | Total | |
| Balance at I June 2020 | 686,258 | 20,000 | 706,258 |
| Net income for the year ended 31 May 2021 | 196,311 | 196,311 | |
| Balance at31May 2021 | 882,569 | 20,000 | 902,569 |
| Net income for the year ended 31May 2022 | 848,819 | 848,819 | |
| Balance at31May 2022 | 1,731,388 | 20,000 | 1,751,388 |