2021-06-30-accounts - Sherborne House Trust 2018

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

Report ofthe Trustees		1	to	3
independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		6	to	7
Notes to the Financial Statements		8	to	13

			(incorporating an Income an for the Year Ended	d Expenditure Accountj 30June 2021
				30/6/21	30/6/20
				Unrestricted	Total
				fund	funds
Income and endowments			from
Donations and legacies				325,000	100,000
Expenditure on
				9,211	94,368
NET INCOME				315,789	5,632
Reconciliation	offunds
Total funds brought		forward		1,887,790	1,882,158
Total funds carried		forward		2,203,579	1,887,790

Support costs, included in the above, are as follows:
	30/6/21	30/6/20
	Other
	lasources	Total
	expended	activities
Rates and water	41	106
insurance	24,099	24,680
Light and heat	1,187	2,111
Telephone	495	399
Security	1,723	1,476
Accountancy		939
Bank charges	76
Previous Periods VAT Recovered	(23,998)
Design, Reports and Surveys		61,892
Repair and Maintenance		2,391
Accountancy	2,605
Legal fees	2,983
	9,211

There were no	trustees' expenses	trustees' expenses	paid forthe year ended 30June 2021 nor	forthe year ended 30June 2020
Comparatives	for the statement		offinancial activities
				Unrestricted
				fund
Income and endowments		from
Donations and	legacies			100,000
Expenditure on
				94,368
NET INCOME				5,632
Reconciliation	offunds
Totai funds brought forward
Total funds carried forward				1,88?,?90
Tangible fixed assets
				Freehold
				pi'operty
Cost
At 1 July 2020 Additions				1,550„000 232,335
At 30June 2021				1,?82,335
Net book value
At 30June 2021				1,782,335
At 30June 2020				1,550,000
			Page 10	continued ..

			Notes to the Financial Statements for the Year Ended 30June	Notes to the Financial Statements for the Year Ended 30June	-continued 2021
7.	Debtors: amounts		falling due within one year
						30/6/21	30/6/20
	VAT					379,573	310,000
	Prepayments	and accrued income				8.051	6,248
						387,624
8.	Creditors: amounts		falling due	within one year
						30/6/21
	Trade creditors					20,854
	Accrued expenses					2,800
						23,654
9.	Movement in	funds
						Net
						movement	At
					At 1/7/20	in funds	30/6/21
					K
	Unrestricted	funds
	General fund				1,887,790	315,789	2,203,579
	TOTAL FUNDS				1,887,790	315,789	2,203,579
	Net movement	in funds. included		in the above are as foilows:
					incoming	Resources	Movement
					resources	expended	in funds
	Unrestricted	funds
	General fund				325,000	(9,211)	315,789
	TOTAL FUNDS				325,000	(9,211)	315,789

Compara	tive	net movement in funds, inclu	ded in the above are as follows:
			incoming	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		100,000
TOTAL	FUNDS		100,000	(94,368)

A curren	t yea	r 12 months and prior year	12months combined position is as f	ollows:
				Net
				nloverne nt
			At 1/7/19	in funds
Unrestricted		funds		E
Generai	fund		1,882,158	321,421
TOTAL	FUNDS		1,882,158	321,421	2,203,5?9