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|---|---|---|---|
|Trustees'
report||||
|Independent
examiner's||report||
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||8-17|
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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
|||||Notes|||
|Income from:|||||||
|Investments|||||112,507|125,693|
|Ex enditure on:|||||||
|Raising funds|||||48,230|57,153|
|Charitable
activities||||5|1,914,183|987,449|
|Trading
subsidiary|||loan write off||8,020||
|Total expenditure|||||1,970,433|1,044,602|
|Net gains/(losses)||on investments||10|(1,332,159)|1,731,136|
|Net movement|in|funds|||(3,190,085)|812,227|
|Fund balances|at 1||January 2022||12,194,598|11,382,371|
|Fund balances|at||31 December 2022||9,004,513|12,194,598|
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||||2022||2021|
|---|---|---|---|---|---|
|||Notes|K||F.|
|Fixed assets||||||
|Tangible assets||11||427,096|439,796|
|investments||12||7,736,591|10,909,028|
|||||8,163,687|11,348,824|
|Current assets||||||
|Debtors||13|832,287||850,341|
|Cash at bank and in|hand||315,527||65,690|
||||1,147,814||916,031|
|Creditors: amounts|faIling due within|||||
|one year||14|(306,988)||(70,257)|
|Net current assets||||840,826|845,774|
|Total assets less current liabilities||||9,004,513|12,194,598|
|Income funds||||||
|Unrestricted
funds||||9,004,513|12,194,598|
|||||9,004,513|12,194,598|
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|3|Investments|Investments|||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2022|2021|
|||||E|
||Dividend|income|73,946|85,353|
||Rental income||12,000||
||Interest|receivable|26,561|40,340|
||||112,507|125,693|
|4|Raising funds|Raising funds||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2022|2021|
||||||E|
||Investment|management|fees|48,230|57,153|
|||||48,230|57,153|
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|||2022|2021|
|---|---|---|---|
|||E||
|Staff costs||112,303|78,778|
|Depreciation||12,700|12,273|
|Training,
recruitment|and other staff costs|1,608||
|Telephone,
postage|and stationery|1,984|2,084|
|Computer
and software||3,052|2,704|
|Rent and rates||4,282|4,014|
|Motor and travel||5,002|4,781|
|Insurance||4,288|4,588|
|Sundries||195|316|
|Premises expenses||15,642|8,141|
|Bank charges||8,758|2,043|
|Memberships
and subscriptions||498|418|
|||170,312|120,140|
|Grant funding
ofactivities (see note 6)||1,733,259|862,559|
|Share ofsupport costs (see note 7)||156||
|Share ofgovernance|costs (see note 7)|10,456|4,750|
|||1,914,183|987,449|
|Grants payable||||
|||2022|2021|
|||E||
|Grants to institutions:||||
|Other||1,691,078|807,787|
|Grants to individuals||42,181|54,772|
|||1,733,259|862,559|
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|7|Support|costs|costs||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Support|Governance|2022|Support|costs|Governance|2021|
|||||costs|costs||||costs||
|||||E|E|E||F|||
||Professional||fees|156||156|||||
||Accountancy||fees||10,456|10,456|||4,750|4,750|
|||||156|10,456|10,612|||4,750|4,750|
||Analysed|between|||||||||
||Charitable|activities||156|10.456|10,612|||4,750|4,750|
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|The average
monthly
number ofemployees
during th|e year was:||
|---|---|---|
||2022|2021|
||Number|Number|
|Employment
costs|2022|2021|
||E|E|
|Wages and salaries|90,535|67,426|
|Social security costs|13,449|6,121|
|Other pension costs|8,319|5,231|
||112,303|78,778|
|||2022|2021|
|---|---|---|---|
|||Number|Number|
|F60,001|- E70,000|1|1|
|E70,001|- E80,000|1||
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
||Revaluation|ofinvestments|||||(1,332,159)|1,731,136|
|11|Tangible fixed assets||||||||
|||||Freehold
land|Leasehold|Fixtures and|Computer|Total|
|||||and buildings|improvements|fittings|equipment||
|||||E|E|E|E||
||Cost||||||||
||At 1 January|2022||452,419|4,050|2,894|5,768|465,131|
||At 31 December 2022|||452,419|4,050|2,894|5,768|465,131|
||Depreciation|and impairment|||||||
||At 1 January|2022||18,850|338|2,043|4,104|25,335|
||Depreciation|charged|in the year|9,049|1,350|825|1,476|12,700|
||At 31 December 2022|||27,899|1,688|2,868|5,580|38,035|
||Carrying
amount||||||||
||At 31 December 2022|||424,520|2,362|26|188|427,096|
||At 31 December 2021|||433,569|3,712|851|1,664|439,796|
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|12|Fixed asset inves|tm|ents|||||
|---|---|---|---|---|---|---|---|
||||||Listed|Other|Total|
||||||investments|investments||
||||||E|||
||Cost or valuation|||||||
||At 1 January
2022||||10,909,026||10,909,028|
||Additions||||1,667,854||1,667,854|
||Valuation
changes||||(1,332,159)||(1,332,159)|
||Cash movements||||(10,475)||(10,475)|
||Facility movement||||(188,660)||(188,660)|
||Disposals||||(3,308,997)||(3,308,997)|
||At 31 December 2022||||7,736,589|2|7,736,591|
||Carrying
amount|||||||
||At 31 December 2022||||7,736,589|2|7,736,591|
||At 31 December 2021||||10,909,026|2|10,909,028|
|||||||2022|2021|
||Other investments|comprise:|||Notes|||
||investments
in subsidiaries||||18|||
|13|Debtors|||||||
|||||||2022|2021|
||Amounts
falling due||within|one year:||F||
||Amounts
owed by|subsidiary||undertakings||819,346|844,766|
||Other debtors|||||11,483||
||Prepayments
and accrued income|||||1,458|5,575|
|||||||832,287|850,341|
|14|Creditors: amounts||falling due within one year|||||
|||||||2022|2021|
|||||||E||
||Other taxation
and|social security||||6,347|6,060|
||Trade creditors|||||285,100|45,697|
||Accruals and deferred||income|||15,541|18,500|
|||||||306,988|70,257|
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|Analysis|ofnet assets between
funds|||||
|---|---|---|---|---|---|
||||Unrestricted|Total|Total|
||||2022|2022f|2021
E|
|Fund balances at 31 December 2022 are represented||by:||||
|Tangible|assets||427,096|427,096|439,796|
|Investments|||7,736,591|7,736,591|10,909,028|
|Current|assets/(liabilities)||840,826|840,826|845,774|
||||9,004,513|9,004,513|12,194,598|
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||2022|2021|
|---|---|---|
|Within one year|3,585|4,304|
|Between two and five years||3,585|
||3,585|7,889|
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|Details ofthe charity's
su|Details ofthe charity's
su|bsidiaries
at 31 December 2022|bsidiaries
at 31 December 2022|are as follows:|||
|---|---|---|---|---|---|---|
|Name ofundertaking||Registered
Nature of||business|Class of|% Held|
|||office|||shares held|Direct Indirect|
|Welland|Retail Limited|Craitsman|HouseFundraising|cafe|Ordinary|100.00|
|||De Salis|Drive,||share||
|||Hampton|Lovett,||||
|||Droitwich,|||||
|||England,|WR9||||
|||OQE|||||
|Wetland|Residential|Craftsman|HouseResidential|Property|Ordinary|100.00|
|Holdings|Limited|De Salis|Drive,||share||
|||Hampton|Lovett,||||
|||Droitwich,|||||
|||England,|WR9||||
|||OQE|||||
|Name ofundertaking|Name ofundertaking|Profit/(Loss)|Capital and|
|---|---|---|---|
||||Reserves|
|Welland|Retail Limited|||
|Weiland|Residential|||
|Holdings|Limited|(8,377)|(56,125)|