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|CONTENTS:||
|---|---|
|Trustees'<br>Annual Report||
|Independent<br>Examiner's|Report|
|Statement ofFinancial|Activities|
|Balance Sheet||
|Statement ofCash Flow||
|Notes to the Financial|Statements|
|TRUSTEES:||



|TRUSTEES:|A RBlake,|(Treasurer)|(Treasurer)|IJones||
|---|---|---|---|---|---|
||P Cowell|||RMonk, (President)||
||M Wishart|||G Wellman,|(Vice President)|
||JDavison, (Chair)|||M Wells||
||RHarding|||||
|TRUST ADDRESS:|38 Victoria|Homes||||
||Victoria Road|||||
||Cambridge|||||
||CB43DX|||||
|CHARITY REGISTRATION NUMBER:|1177888|||||
|INDEPENDENT EXAMINERS;|Prentis &Co LLP|||||
||Chartered<br>Accountants|||||
||&Independent||Examiners|||
||115cMilton Road|||||
||Cambridge|||||
||CB4 IXE|||||
|BANKERS:|Barclays Bank|||||
||Cambridge|Branch||||
||StAndrews|Street||||
||Cambridge|||||
||CB2 3AX|||||
|INVESTMENT MANAGERS:|Charles Stanley||&Co.Limited|||
||3rd Floor|||||
||Ravenscroft|House||||
||59-61 Regent||Street|||
||Cambridge|||||
||CB2 1AB|||||





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|||Notes|Notes|2021|2021||2020|2020||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2021|Unrestricted|Restricted|2020|
|||||Funds|Funds|Total|Funds|Funds|Total|
|INCOME||||||||||
|Covenants,<br>donations||||||||||
|and legacies||||2,130||2,130|878||878|
|Investment<br>income||2||30,830|57|30,887|28,074|57|28,131|
|Income from charitable|activities:|||||||||
|Levies fiom residents||||90,011||90,011|91,749||91,749|
|Other incoming<br>resources||||1,229||1,229|3, 104||3,104|
|Total income||||124,200|57|124,257|123,805|57|123,862|
|EXPENDITURE||||||||||
|Costs ofraising funds:||||||||||
|Investment<br>management|costs|||6,254||6,254|5,451||5,451|
|Expenditure<br>on charitable||activities:||||||||
|Light and heat||||1,840||1,840|1,851||1,851|
|Rates||||723||723|751||751|
|Insurance||||2,320||2,320|2,501||2,501|
|Repairs<br>and maintenance||||58,146||58,146|24,252||24,252|
|Subscriptions||||226||226|220||220|
|Wages and honorarium||4||27,393||27,393|26,545||26,545|
|Telephone<br>and care call||||3,906||3,906|3,398||3,398|
|Printing,<br>stationery<br>and advettising||||84||84|351||351|
|Gills and parries for residents||and statf||1,058||1,058|1,020||1,020|
|Sundry expenses||||670||670|324||324|
|Depreciation||||32,784|35|32,819|33,028|864|33,892|
|Audit and examination<br>fees||||1,000||I,O0O|1,620||1,620|
|Total expenditure||||136,404|35|136,439|101,312|864|102,176|
|Net income and net movement|||in funds|||||||
|before gains and losses on||||||||||
|investments||3||(12,204)|22|(12,182)|22,493|(807)|21,686|
|Net gains on investtnent||||71,342||7 1.,342|547||547|
|Net movement<br>in funds|for|the|year|59,138|22|59,160|23,040|(807)|22,233|
|Reconciliation<br>offunds||||||||||
|Total funds brought forward||||1,909,036|19,108|1,928,144|1,885,996|19,915|1,905,911|
|Total funds carried forsvard||||1,968,174|19,130|1,987,304|1,909,036|19,108|1,928,144|





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|||Note|2021|||2020||
|---|---|---|---|---|---|---|---|
|FIXEDASSETS||||||||
|Tangible assets<br>Investments||||879,808<br>720,151|||912,627<br>638,978|
|Total fixed assets||||1,599,959|||1,551,605|
|CURRENT ASSETS||||||||
|Debtors|||1,429||2,422|||
|Cash at bank and in|hand||390,773||384,048|||
|Total cmseat assets|||392,202||386,470|||
|LIABILITIES:||||||||
|Creditors;<br>amounts|falling due|||||||
|within<br>one year|||4,857||9,931|||
|Net Cun ent Assets||||387,345|||376,539|
|NET ASSETS||||1,987,304|||1,928, 144|
|THE FUNDS OF THE CHARITY||||||||
|Restricted Funds||9||19,130|||19,108|
|Unrestricted<br>Funds||10||1,968, 174|||1,909,036|
|Total Charity Funds||||1,987,304|||1,928, 144|





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||||Note|2021|2020|
|---|---|---|---|---|---|
|||||6||
|Net cash provided<br>by/(used|in) operating|||||
|activities|||14|(14,330)|31,872|
|CASH FLOW FROM INVESTING||ACTIVITIES:||||
|Interest and dividends||||18,538|17,105|
|Rental income||||12,349|11,026|
|Purchase<br>ofinvestments||||(176,819)|(59,342)|
|Proceeds trom sale ofinvestments||||166,987|37,644|
|Net cash provided<br>by investing<br>activities||||21,055|6,433|
|Change<br>in cash and cash equivalents||in the|year|6,725|38,305|
|Cash and cash equivalents|brought|forward||384,048|345,743|
|Cash and cash equivalents|carried forward|||390,773|384,048|





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|ofthree months<br>or less from the date ofacquisition<br>or openi|ng ofthe deposit or similar acco|unt.||
|---|---|---|---|
|INVESTMENT INCOME|2021|2021|2021|
|YEARENDED 31STDECEMBER 2021|Unrestricted|Restricted|Total|
|Income ffom UK listed investments|15,890||15,890|
|Income &om non UK listed invesunents|2,375||2,375|
|Bank and other interest|216|57|'273|
|UK rental income|12,349||12,349|
||30,830|57|30,887|
|INVESTMENT INCOME|2020|2020|2020|
|YEARENDED 31STDECEMBER 2020|Unrestricted|Restricted|Total|
|Income from UK listed investments|14,163||14,163|
|Income from non UK listed investments|2,126||2,126|
|Bank and other interest|759|57|816|
|UK rental income|11,026||11,026|
||28,074|57|28,131|





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|O THE FINANCIAL STATEMENTS|O THE FINANCIAL STATEMENTS|O THE FINANCIAL STATEMENTS|||||
|---|---|---|---|---|---|---|
|NET INCOME FOR THE YEAR|||||2021|2020|
|The surplus ofincome over expenditure<br>Depreciation<br>oftangible<br>fixed assets|||for the|year is stated atter charging:|32,819|33,892|
|Independent<br>examiner|fee||||1,000|1,620|
|STAFF COSTS|||||2021|2020|
|The staff costs were;|||||||
|Salaries|||||27,202|26,372|
|Pension<br>contributions|||||191|173|
||||||27,393|26,545|
|The average<br>monthly|number ofstaff employed|||by the charity during the year was as follows:|||
||||||2021|2020|
|Direct charitable|||||3|3|



|The Board ofTrustees consider themselves<br>the key manage|ment<br>and they ar|e not remunera|ted.||
|---|---|---|---|---|
|TANGIBLE FIXEDASSETS|Office|Fixtures &|Freehold<br>land||
|YEARENDED 31STDECEMBER 2021|Equipment|Fittings|& buildings|Total|
|VALUATION|||||
|Balance at 1stJanuary 2021 and 31st December 2021|397|38,648|1,593,156|1,632,201|
|DEPRECIATION|||||
|Balance at 1stJanuary 2021|397|37,569|681,608|719,574|
|Charge for the year||956|31,863|32,8 1.9|
|Balance at 31stDecember 2021|397|38,525|7]3,471|752,393|
|NET BOOK VALUE at 31st December 2021||123|879,685|879,808|
|TANGIBLE FIXEDASSETS|Office|Fixtures &|Freehold<br>land||
|YEARENDED 31STDECEMBER 2020|Equipment|Fittings|&buildings|Total|
|VALUATION||||f,|
|Balance at 1st January 2020 and 31st December 2020|397|38,648|1,593,156|1,632,201|
|DEPRECIATION|||||
|Balance at 1stJanuaiy 2020|397|35,540|649,745|685,682|
|Charge for the year||2,029|31,863|33,892|
|Balance at 31stDecember 2020|397|37,569|681,608|719,574|
|NET BOOK VALUE at 31stDeceruber 2020||1,079|911,548|912,627|





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|O THE FINANCIAL STATEMENTS||||
|---|---|---|---|
|INVESTMENTS HELD AS FIXEDASSETS|2021|2021|2021|
|YEAR ENDED 31STDECEMBER 2021|Land|Securities|Total|
|Market value at 1st January 2021|1,250|637,728|638,978|
|Additions||176,819|176,819|
|Disposals||(166,987)|(166,987)|
|Net realised losses||12,127|12,127|
|Net unrealised<br>gains||59,214|59,214|
|Market value<br>at 31stDecember 2021|1,250|718,901|720,151|
|Cost at 31stDecember 2021|1,250|505,055|506,305|
|INVESTMENTS HELD AS FIXEDASSETS|2020|2020|2020|
|YEAR ENDED 31STDECEMBER 2020|Land|Securities|Total|
|Market value at 1st January 2020|1,250|615,483|616,733|
|Additions||59,342|59,342|
|Disposals||(37,644)|(37,644)|
|Net realised losses||(6,441)|(6,441)|
|Net unrealised<br>gains||6,988|6,988|
|Market value at 31stDecember 2020|1,250|637,728|638,978|
|Cost at 31stDecember 2020|1,250|465,463|466,713|



|DEBTORS|||2021|2020|
|---|---|---|---|---|
||||Due within|Due within|
||||one year|one year|
|Prepayments|and accrued income||1,429|2,422|
|CREDITORS|||2021|2020|
||||Due within|Due within|
||||one year|one year|
|||||f|
|Accrualsand|deferred|income|4,857|9,931|





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|NOTES|TO THE FINANCIAL|TO THE FINANCIAL|STATEMENTS|||||
|---|---|---|---|---|---|---|---|
||MOVEMENT|IN RESTRICTED FUNDS||Door|R A]sop|Pavilion|Total|
||YEARENDED 3]STDECEMBER 2021|||Fund|Legacy|Fund|2021|
||||||f,|||
||Balance at 1st|January|2021|35|7,727|11,346|19,108|
||Income||||23|34|57|
||Expenditure|||(35)|||(35)|
||Balance at 31stDecember 2020||||7,750|11,380|19,130|
||YEARENDED 3]STDECEMBER 2020|||Door|RA]sop|Pavilion|Total|
|||||Fund|Legacy|Fund|2020|
||||||6||6|
||Balance at 1st|January|2020|899|7,704|11,3]2|19,915|
||Income||||23|34|57|
||Expenditure|||(864)|||(864)|
||Balance at 31stDecember 2020|||35|7,727|11,346|19,108|



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|MOVEMENT IN UNRESTRICTED FUNDS|Balance at||||Balance at|
|---|---|---|---|---|---|
|YEAR ENDED 31STDECEMBER 2021|1st||Expenditure,||31st|
||January||gains and||December|
||2021|Income|losses|Transfers|2021|
||f,||||6|
|Revaluation<br>Reserve|581,334|||(21,531)|559,803|
|General Funds|1,327,702|124,200|(65,062)|21,531|1,408,371|
||1,909,036|124,200|(65,062)||1,968,174|
|MOVEMENT<br>IN UNRESTRICTED FUNDS|Balance at||||Balance at|
|YEAR ENDED 3]STDECEMBER 2020|1st||Expenditure,||31st|
||January||gains and||December|
||2020|Income|losses|Transfers|2020|
|Revaluation<br>Reserve|602,865|||(21,531)|581,334|
|General Funds|1,283,131|123,805|(100,765)|21,531|1,327,702|
||1,885,996|123,805|(100,765)||1,909,036|





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|ANALYSIS OF FUNDS|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||2021|2021|2021|2020|2020|2020|
|Tangible fixed assets|879,808||879,808|912,592|35|912,627|
|Investments|720,151||720,151|638,978||638,978|
|Net current assets|368,215|19,130|387,345|357,466|19,073|376,539|
||1,968,174|19,130|1,987,304|1,909,036|]9,108|1,928, 144|



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|RECONCILIATION|OFNET|MOVEMENT|MOVEMENT|IN FUNDS TO NET|||
|---|---|---|---|---|---|---|
|CASH FLOW FROM|OPERATING ACTIVITIES||||2021|2020|
|Net movement<br>in funds|||||59,160|22,233|
|Add back depreciation|charge||||32,819|33,892|
|Deduct investment<br>income shown|||in investing|activities|(30,887)|(28,131)|
|Deduct gains on investments|||||(71,341)|(547)|
|(Increase)/decrease<br>in|debtors||||993|(438)|
|Increase/(decrease)<br>in|creditors||||(5,074)|4,863|
|Net cash provided<br>by|operating|activities|||(14,330)|31,872|