| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Charity, | its Trustees and advisers | 1-2 | |
| Trustees' report |
3 - 25 | |||
| Independent auditors' |
report on the financial statements | 26-29 | ||
| Statement offinancial | activities | 30 | ||
| Balance sheet | 31 | |||
| Statement ofcash flows |
32 | |||
| Notes to the financial | statements | 33 - 52 |
| Restricted | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022f | 2022f | 2022f | 2021f | |||
| Income from: | |||||||
| Donations and legacies |
1,213,055 | 1,213,055 | 503,797 | ||||
| Investments | 371,673 | 371,673 | 328,191 | ||||
| Total income | 1,584,728 | 1,584,728 | 831,988 | ||||
| Expenditure on: |
|||||||
| Raising funds: | |||||||
| Publicity and fundraising | 167,403 | 167,403 | 148,212 | ||||
| Investment management |
79,614 | 79,614 | 69,986 | ||||
| Charitable activities |
8 | 3,000 | 606,424 | 609,424 | 847,536 | ||
| Total expenditure | 3,000 | 853,441 | 856,441 | 1,065,734 | |||
| Net (expenditure)/income | before net | ||||||
| (losses)/gains on |
investments | (3,000) | 731,287 | 728,287 | (233,746) | ||
| Net (losses)/gains | on investments | (2,068,681) | (2,068,681) | 1,579,422 | |||
| Net movement in |
funds before other | ||||||
| recognised gains |
(3,000) | (1,337,394) | (1,340,394) | 1,345,676 | |||
| Other recognised | gains: | ||||||
| Gains on revaluation offixed assets |
25,000 | 25,000 | 23,000 | ||||
| Net movement in |
funds | 22 | (3,000) | (1,312,394) | (1,315,394) | 1,368,676 | |
| Reconciliation of |
funds: | ||||||
| Total funds brought |
forward | 3,000 | 16,903,795 | 16,906,795 | 15,538,119 | ||
| Net movement in funds |
(3,000) | (1,312,394) | (1,315,394) | 1,368,676 | |||
| Total funds carried forward | 22 | 15,591,401 | 15,591,401 | 16,906,795 |
| Note | 2022 | 2021f | ||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net cash used in operating |
activities | (275,715) | (435,378) | |||
| Cash flows from investing | activities | |||||
| Dividends, interests and rents from investments |
371,673 | 328,191 | ||||
| Purchase ofintangible assets |
(28,180) | |||||
| Proceeds from sale of investments | 3,585,912 | 1,500,555 | ||||
| Purchase ofinvestments | (4,256,726) | (2,881,578) | ||||
| Repayment ofloans from beneficiaries |
63,062 | 66,654 | ||||
| Net cash used in investing | activities | (264,259) | (986,178) | |||
| Change in cash and cash |
equivalents | in | the year | (539,974) | (1,421,556) | |
| Cash and cash equivalents | at the beginning | ofthe year | 1,100,065 | 2,521,621 | ||
| Cash and cash equivalents | at the end of | the year | 560,091 | 1,100,065 | ||
| The notes on pages 33to 52 form part ofthese financial statements |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 6 |
2022 | 2022 | 2021f | |
| Donations | ||||
| Donations | 400,377 | 400,377 | 322,842 | |
| Donated services and facilities | 21,255 | 21,255 | 9,793 | |
| Total donations | 421,632 | 421,632 | 332,635 | |
| Legacies | 791,423 | 791,423 | 17'l,162 | |
| Total 2022 | 1,213,055 | 1,213,055 | 503,797 | |
| 2021 Total by fund | 3,000 | 500,797 | 503,797 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| 6 | |||
| Rental income | 10,150 | 10,150 | 9,900 |
| Dividends | 358,236 | 358,236 | 314,589 |
| Interest | 3,287 | 3,287 | 3,702 |
| Total 2022 | 371,673 | 371,673 | 328,191 |
| 2021 Total by fund | 328,191 | 328,191 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| 6 | 6 | ||
| Marketing and communications |
7,685 | 7,685 | 1,024 |
| Support costs (Note 10) | 44,536 | 44,536 | 37,551 |
| Salaries (Note 11) | 115,182 | 115,182 | 'l09,637 |
| Total 2022 | 167,403 | 167,403 | 148,212 |
| 2021 Total by fund | 148,212 | 148,212 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| 6 | 8 | ||||
| Investment | managers | tees | 76,053 | 76,053 | 67,198 |
| Investment | property | expenses | 3,561 | 3,561 | 2,788 |
| 79,614 | 79,614 | 69,986 | |||
| 2021 Total | by fund | 69,986 | 69,986 |
| Grants to | Grants to | Total | Total | ||
|---|---|---|---|---|---|
| Institutions | Individuals | funds | funds | ||
| 2022 f |
2022 | 2022f | 2021f | ||
| Grants | to beneficiaries | 10,000 | 437,755 | 447,755 | 702,003 |
| Analysis | of2021 Total | 9,150 | 692,853 | 702,003 |
| Restricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | Total | ||
| 2022 | 2022f | 2022f | 2021 | ||
| Direct | costs | 3,000 | 606,424 | 609,424 | 847,535 |
| 2021 | Total by fund | 847,536 | 847,536 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of | Support | Total | Total | |
| directly | activities | costs | funds | funds | |
| 2022 | 2022 | 2022 | 2022 | 2021 | |
| 6 | 6 | F | |||
| Direct costs | 117,133 | 447,755 | 44,536 | 609,424 | 847,536 |
| Analysis of2021 Total | 107,981 | 702,003 | 37,552 | 847,536 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022f | 2021f | ||
| Cost of programme | ofvisits (Nota 11) | 115,182 | 104,750 |
| Staff training | 2,500 | ||
| Travel and motor | expenses | 1,234 | 448 |
| Website costs | 717 | 283 | |
| Total | 117133 | 107981 |
| Analysis | ofsupport | costs | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestncted | |||||
| funds | funds | |||||
| 2022 6 |
2021 f |
|||||
| General | support costs | |||||
| Accountancy and bookkeeping |
9,600 | 9,600 | ||||
| Printing, | postage and | stationery | 54 | 76 | ||
| Sundries | 7,777 | 8,543 | ||||
| Travel and motor expenses | 5,166 | 1,346 | ||||
| Irrecoverable VAT |
12,731 | 17,738 | ||||
| Insurance | 3,095 | 2,707 | ||||
| Business | rates | (5,829) | ||||
| Rent and | services provided | by PRS | 21,255 | 9,793 | ||
| ITcosts | 8,226 | 19,034 | ||||
| 67,904 | 52,108 | |||||
| Governance costs | ||||||
| Auditors' | remuneration | -external | audit | 7,250 | 7,250 | |
| Legal fees | 5,237 | 4,369 | ||||
| Trustees' | meeting expenses | 2,501 | 1,201 | |||
| Impact measurement | project | 600 | 175 | |||
| Strategic | review and | development | ofgrants programme | 5,580 | ||
| 21,168 | '12,995 | |||||
| Total support costs | 89,072 | 75,103 |
| Allocatio | n ofsupport | costs | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Publicity | and fundraising | activities | 44,536 | 37,551 |
| Charitable | activities | 44,536 | 37,552 | |
| 89,072 | 75,103 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 8 | ||||
| Wages | and salaries | 175,023 | 165,268 | |
| Social security costs | 18,329 | 14,982 | ||
| Pension | contributions | 22,177 | 20,897 | |
| Irrecoverable VAT on above costs |
14,835 | 13,240 | ||
| 230,364 | 214,387 | |||
| The average number of persons | employed | by the Charity during the year was as follows: | ||
| 2022 | 2021 | |||
| No. | No. |
| Staffcosts | are apportione | d to the following activities base |
d on an estimate oftime spent on ea | ch activity. |
|---|---|---|---|---|
| 2022 | 2021 | |||
| 8 | ||||
| Publicity and fundraising | activities | 115,182 | 109,637 | |
| Charitable | activities | 115,182 | 104,750 | |
| 230,364 | 214,387 |
| Intangible assets | |
|---|---|
| Computer | |
| softwaref | |
| Cost | |
| Additions | 28,180 |
| At 31 December 2022 | 28,180 |
| Net book value | |
| At 31 December 2022 | 28,180 |
| At31December 2021 |
| Computer | |||
|---|---|---|---|
| equipment | |||
| 5 | |||
| Cost | |||
| At 1 January | 2022 | 17,271 | |
| At 31 December 2022 | 17,271 | ||
| Depreciation | |||
| At 1 January | 2022 | 17,271 | |
| At 31 December 2022 | 17,271 | ||
| Net book value | |||
| At 31 December 2022 | |||
| At 31December 2021 | |||
| 15. | Investment | property | |
| Freehold | |||
| investment | |||
| property | |||
| 5 | |||
| Valuation | |||
| At 1 January | 2022 | 250,000 | |
| Surplus on revaluation | 25,000 | ||
| At 31 December 2022 | 275,000 |
| Social investments | |
|---|---|
| Programme | |
| related | |
| investments | |
| E | |
| Cost | |
| At 1 January 2022 | 314,383 |
| Accrued interest | 1,944 |
| Repayments | (63,062) |
| Cost at 31December 2022 | 253,265 |
| Other | Total | Total |
|---|---|---|
| 2022 6 |
2022 6 |
2021 f |
| 159,869 | 159,869 | 208,362 |
| 93,396 | 93,396 | 106,020 |
| 253,265 | 253,265 | 314,383 |
| 2022f | 2021 6 |
|
|---|---|---|
| Due within one year | ||
| Sundry debtors | 2,408 | 2,635 |
| Accrued income | 675,260 | |
| 677,668 | 2,635 |
| 2022 6 |
2021f |
|---|---|
| 394,503 | 179,421 |
| Creditors: Amounts |
falling due within one year | ||
|---|---|---|---|
| 2022f | 2021 | ||
| Other taxation and social security | 24,637 | 22,650 | |
| Accruals and deferred | income | 118,740 | 115,495 |
| 143,377 | 138,145 |
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | Z | ||||||||||
| Financial | assets | ||||||||||
| Financial | assets | measured | at | fair | value | through | income | and | expenditure | 14,775,665 | 15,729,522 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2022 6 |
Income 6 |
Expenditure 6 |
in/outf | (Losses)f | 2022 | |
| Unrestricted | ||||||
| funds | ||||||
| Designated | ||||||
| funds | ||||||
| Investments | 15,628,838 | 356,187 | (76,053) | 350,283 | (2,043,681) | 14,215,574 |
| Winter heating | ||||||
| scheme | 197,180 | (80,435) | 116,745 | |||
| Winter crisis | ||||||
| scheme | 250,000 | 250,000 | ||||
| 15,826,018 | 356,187 | (76,053) | 519,848 | (2,043,681) | 14,582,319 | |
| General funds | ||||||
| General fund |
1,077,777 | 1,228,541 | (777,388) | (519,848) | 1,009,082 | |
| Total | ||||||
| Unrestricted | ||||||
| funds | 16,903,795 | 1,584,728 | (853,441) | (2,043,681) | 15,591,401 | |
| Restricted | ||||||
| funds | ||||||
| Francis W | ||||||
| Reckittfund | 3,000 | (3,000) | ||||
| Total offunds | 16,906,795 | 1,584,728 | (856,441) | (2,043,681) | 15,591,401 |
| Statement offun | ds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 31 | |||||
| 1January | Transfers | Gains/ | December | |||
| 2021 6 |
Income | Expenditure | inloutf | (Losses)f | 2021f | |
| Unrestricted | ||||||
| funds | ||||||
| Designated | ||||||
| funds | ||||||
| Investments | 12,648,119 | 310,854 | (67,198) | 1,'l34, 641 | 1,S02,422 | 15,S28,838 |
| Winter heating | ||||||
| scheme | 197,180 | 197,180 | ||||
| 12,648,119 | 310,854 | (67,198) | 1,331,821 | 1,602,422 | 15,826,018 | |
| General funds | ||||||
| General fund |
2,890,000 | 518,134 | (998,536) | (1,331,821) | 1,077,777 | |
| Total | ||||||
| Unrestricted | ||||||
| funds | 15,538,119 | 828,988 | (1,0S5,734) | 1,602,422 | 16,903,795 | |
| Restricted | ||||||
| funds | ||||||
| 3,000 | 3,000 | |||||
| Total offunds | 15,538,119 | 831,988 | (1,065,734) | 1,602,422 | 16,906,795 |
| Analysis | ofnet assets between funds - current ye | ar | |
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2022 | 2022 | ||
| Intangible | fixed assets | 28,180 | 28,180 |
| Fixed asset investments | 13,940,574 | 13,940,574 | |
| Investment | property | 275,000 | 275,000 |
| Social investments | 253,265 | 253,265 | |
| Current assets | 1,237,759 | 1,237,759 | |
| Creditors | due within one year | (143,377) | (143,377) |
| Total | 15,591,401 | 15,591,401 |
| Analysis of net assets between funds - prior | year | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2021 | 2021f | 2021f | |
| Fixed asset investments | 15,378,838 | 15,378,838 | |
| Investment property |
250,000 | 250,000 | |
| Social investments | 312,783 | 312,783 | |
| Current assets | 3,000 | 1,100,319 | 1,103,319 |
| Creditors due within one year | ('i38,145) | (138,145) | |
| l | 3,000 | 16,903,795 | 16,906,795 |