2021-12-31-accounts

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
		Notes
Income from:
Donations and legacies				8,099
Investments			125,693	109,312
Total income			125,693	117,411
Ex enditure on:
Raising funds			57,153	49,577
Charitable activities			987,449	767,674
Trading subsidiary	loan write off			150,000
Total resources expended			1,044,602	967,251
Net gains/(losses)	on investments	11	1,731,136	1,642,639
Net movement in	funds		812,227	792,799
Fund balances at 1 January 2021			11,382,371	10,589,572
Fund balances at	31 December 2021		12,194,598	11,382,371

			2021	2020
		Notes		f
Fixed assets
Tangible assets		12	439,796	448,019
Investments		13	10,909,028	10,008,828
			11,348,824	10,456,847
Current assets
Debtors		14	850,341	594,902
Cash at bank and in	hand		65,690	354,310
			916,031	949,212
Creditors: amounts	falling due within
one year			(70,257)	(23,688)
Net current assets			845,774	925,524
Total assets less current liabilities			12,194,598	11,382,371
Income funds
Unrestricted funds			12,194,598	11,382,371
			12,194,598	11,382,371

3	Donations	Donations	and legacies					(Continued)
	Grants receivable for core activities
	Government		grants - Coronavirus		job retention	scheme		8,099
								8,099
4	Investments
							Unrestricted	Unrestricted
							funds	funds
							2021	2020f
	Dividend	income					85,353	68,781
	Interest receivable						40,340	40,531
							125,693	109,312
5	Raising funds
							Unrestricted	Unrestricted
							funds	funds
							2021	2020
	Investment		management	fees			57,153	49,577
							57,153	49,577

			2021f	2020 F
Staff costs			78,778	79,770
Depreciation			12,273	11,739
Training, recruitment	and other staff costs			560
Telephone, postage	and stationery		2,084	4,616
Computer and software			2,704	5,274
Advertising and marketing				281
Rent and rates			4,014	3,882
Motor and travel			4,781	5,325
Insurance			4,588	4,174
Sundries			316	188
Social media consultancy				600
Premises expenses			8,141	12,866
Bank charges			2,043	93
Memberships and subscriptions			418	420
Loss on disposal of	tangible	fixed assets		290
			120,140	130,078
Grani funding of activities (see note 7)			862,559	615,842
Share ofsupport costs (see		note 8)		13,870
Share ofgovernance	costs	(see note 8)	4,750	7,884
			987,449	767,674
Grants payable
			2021	2020f
Grants to institutions:
Other			807,787	607,687
Grants to individuals			54,772	8,155
			862,559	615,842

8	Support costs	Support costs
			Support	Governance	2021	Support	Governance	2020
			costs	costs		costs	costs
			f			F	E
	Consultancy	fees				2,054		2,054
	Professional	fees				11,816		11,816
	Legal fees						398	398
	Accountancy	fees		4,750	4,750		4,586	4,586
	Audit fees						2,900	2,900
				4,750	4,750	13,870	7,884	21,754
	Analysed between
	Charitable activities			4,750	4,750	13,870	7,884	21,754

The average monthly number ofemployees during	the year was:
	2021	2020
	Number	Number
Employment costs	2021f	2020
Wages and salaries	67,426	62,237
Social security costs	6,121	10,819
Other pension costs	5,231	6,714
	78,778	79,770

				2021	2020
				Number	Number
	F60,001 - F70,000			1	1
11	Net gains/(losses)		on investments
				2021	2020f
	Revaluation	ofinvestments		1,731,136	1,642,639

Tangible fixed assets
		Freehold land	Leasehold	Fixtures and	Computer	Total
		and buildings	improvements f	fittings f	equipmentf
Cost
At 1 January 2021		452,419		2,894	5,768	461,081
Additions			4,050			4,050
At 31 December 2021		452,419	4,050	2,894	5,768	465,131
Depreciation and impairment
At 1 January 2021		9,802		1,079	2,181	13,062
Depreciation charged	in the year	9,048	338	964	1,923	12,273
At 31 December 2021		18,850	338	2,043	4,104	25,335
Carrying amount
At 31 December 2021		433,569	3,712	851	1,664	439,796
At 31 December 2020		442,617		1,815	3,587	448,019

		Listed	Other	Total
		investments	investments
		f
Cost or valuation
At 1 January 2021	&31 December 2021	10,008,826	2	10,008,828
Carrying amount
At 31 December 2021		10,008,826	2	10,008,828
At 31 December 2020		10,008,826	2	10,008,828
Other investments	comprise:	Notes	2021f
Investments in subsidiaries		19

14	Debtors
							2021	2020
	Amounts	falling due	within	one year:				E
	Amounts	owed by subsidiary		undertakings			844,766	590,495
	Prepayments and accrued income						5,575	4,407
							850,341	594,902
15	Creditors: amounts		falling due within one year
							2021	2020
							E
	Other taxation and social security						6,060	2,575
	Trade creditors						45,697	4,605
	Accruals	and deferred	income				18,500	16,508
							70,257	23,688
16	Analysis	ofnet assets between funds
						Unrestricted	Total	Total
						2021	2021	2020
	Fund balances at 31		December 2021 are represented		by:
	Tangible	assets				439,796	439,796	448,019
	Investments					10,909,028	10,909,028	10,008,828
	Current assets/(liabilities)					845,774	845,774	925,524
						12,194,598	12,194,598	11,382,371

	2021	2020
Within one year	4,304	4,304
Between two and five years	3,585	7,889
	7,889	12,193

Name ofundertaking	Name ofundertaking	Registered	Registered	Nature of	business	Class of	%Held
		office				shares held	Direct Indirect.
Welland	Retail Limited	Craftsman		Fundraising	cafe	Ordinary	100.00
		House De Salis				share
		Drive, Hampton
		Lovett,
		Droitwich,
		England,	WR9
		OQE
Welland	Residential	Craftsman		Residential	Property	Ordinary	100.00
Holdings	Limited	House De Salis				share
		Drive, Hampton
		Lovett,
		Droitwich,
		England,	WR9
		OQE

Name ofundertaking	Name ofundertaking	Profit/(Loss)	Capital and
			Reserves
		f	f
Welland	Retail Limited	(62,403)	(111,015)
Welland	Residential
Holdings	Limited	(18,412)	(47,748)