| CONTENTS | PAGE | |
|---|---|---|
| Contents | ||
| Report ofthe Trustees | 2-4 | |
| Independent Examiner's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes tothe accounts | 8-16 |
| FOR THE YEAR ENDED | 31O | CTOBER 2 | 022 | ||||
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||||
| Unrestricted | Restricted | Prior year | |||||
| Funds | income funds | Total funds | funds | ||||
| 6 | 6 | 6 | |||||
| INCOMING RESOURCES |
|||||||
| income and endowments | from: | ||||||
| Donations and legacies |
8,456 | 2,000 | 10,456 | 2,727 | |||
| Charitable activities |
119,727 | 119,727 | 130,935 | ||||
| Other trading activities | 177,130 | 177,130 | 136,762 | ||||
| Investments | 45,237 | 45,237 | 43,138 | ||||
| Other | 67 | 67 | 10,190 | ||||
| TOTAL | 350,617 | 2,000 | 352,617 | 323,752 | |||
| RESOURCES EXPENDED | |||||||
| Expenditure on: |
|||||||
| Raising funds | 183,298 | 183,298 | 150,520 | ||||
| Charitable activities |
159,715 | 159,715 | 157,437 | ||||
| Other | 6,585 | 6,585 | 4,558 | ||||
| TOTAL | 349,598 | 349,598 | 312,515 | ||||
| NET INCOME/(EXPENDITURE) | BEFORE | ||||||
| INVESTMENT GAINS/(LOSSES) | 1,019 | 2,000 | 3,019 | 11,237 | |||
| Net gains/(losses) on investments |
(42,939) | (42,939) | 57,175 | ||||
| NET INCOME/(EXPENDITURE) | (41,920) | 2,000 | (39,920) | 68,412 | |||
| OTHER RECOGNISED GAINS/(LOSSES) | |||||||
| Other gains/(losses) | 0 | 0 | 0 | ||||
| NET MOVEMENT IN FlINDS |
(41,920) | 2,000 | (39,920) | 68,412 | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought forward |
13 | 3,055,667 | 3,055,667 | 2,987,255 | |||
| Transfer between funds |
13 | ||||||
| TOTAL FUNDS CARRIED | FORWARD | 3,013,747 | 2,000 | 3,015,747 | 3,055,667 |
| BALANCE SHEET AS AT | 31OCTOBER | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||||
| Unrestricted | Restricted | Prior year | |||||
| Funds | income | funds | Total funds | funds | |||
| E | f | f | |||||
| FIXED ASSETS | |||||||
| Tangible assets | 8 | 2,136,622 | 2,136,622 | 1,882,762 | |||
| Investments | 9 | 805,429 | 805,429 | 1,061,827 | |||
| Total fixed assets | 2,942,051 | 2,942,051 | 2,944,589 | ||||
| CURRENT ASSETS | |||||||
| Debtors | 10 | 7,369 | 7,369 | 55,102 | |||
| Investments | 9 | 2,177 | 2,177 | 8,430 | |||
| Cash at bank and in hand |
11 | 129,558 | 2,000 | 131,558 | 77,622 | ||
| Total current assets | 139,104 | 2,000 | 141,104 | 141,154 | |||
| CREDITORS: amounts | falling due | ||||||
| within one year | 12 | 67,408 | 67,408 | 30,076 | |||
| NET CURRENT ASSETS | 71,696 | 2,000 | 73,696 | 111,078 | |||
| TOTAL NET ASSETS | 3,013,747 | 2,000 | 3,015,747 | 3,055,667 | |||
| FUNDS OF THE CHARITY | |||||||
| RESTRICTED INCOME FUNDS | 13 | 2,000 | 2,000 | ||||
| UNRESTRICTED FUNDS | 13 | 1,762,164 | 1,762,164 | 1,804,084 | |||
| REVALUATION RESERVE |
13 | 1,251,583 | 1,251,583 | 1,251,583 | |||
| TOTAL FUNDS | 3,013,747 | 2,000 | 3,015,747 | 3,055,667 |
| The accounts | The accounts | have been prepared | have been prepared | in accordance with |
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| —the Statement | of Recommended | Practice: Accounting | and | Reporting | by Charities preparing |
their | accounts | in | ||||||||||||
| accordance | with | the Financial Reporting Standard applicable |
in the UR | and Republic of | Ireland | (FRS102) | issued | on 16 | ||||||||||||
| July 2014 | ||||||||||||||||||||
| —and with the Charities Act 2011 | ||||||||||||||||||||
| 2.ACCOUNTING | POLICIES | |||||||||||||||||||
| 2.1 INCOIIAE |
||||||||||||||||||||
| Recognition | ofincome | |||||||||||||||||||
| These are induded | in the Statement | of | Financial Activities (SoFA) when: | |||||||||||||||||
| - the charity becomes entitled to the |
resources; | |||||||||||||||||||
| - it is more likely | than not that the trustees | wiii receive the resources; | and | |||||||||||||||||
| - the monetary value can be measured |
with | sufficient | reliability. | |||||||||||||||||
| Offsetting | ||||||||||||||||||||
| There has been no offsetting ofassets | and liabilities, | or income and expenses, | unless required | or | ||||||||||||||||
| permitted by the |
FRS 102SORP or FRS102. | |||||||||||||||||||
| Grants and | donations | |||||||||||||||||||
| Grants and donations are only included | in the SoFA when | the general income | recognition | criteria are | ||||||||||||||||
| met (S.10to S.12 | FRS102SORP). | |||||||||||||||||||
| Tax redaims | on donations and gifts |
|||||||||||||||||||
| Gift Aid receivable | is included in income |
when there is | a | valid declaration | from the donor. | Any | Gift | |||||||||||||
| Aid amount recovered on a donation |
is considered to | be | pact ofthat gift | and | istreated as | an addition | ||||||||||||||
| to the same fund | as the initial donation | unless the donor | or the terms | ofthe | appeal | have | specified | |||||||||||||
| otherwise, | ||||||||||||||||||||
| Support costs | ||||||||||||||||||||
| The charity has incurred expenditure |
on support costs. | |||||||||||||||||||
| Volunteer help | ||||||||||||||||||||
| The value ofany voluntary help received |
is not included | in the accounts but is described | in | the | ||||||||||||||||
| trustees' annual report. |
||||||||||||||||||||
| Income from | interest, royalties and dividends | |||||||||||||||||||
| This is included in |
the accounts when | receipt | is probable | and the amount | receivable | can | be | measured | ||||||||||||
| reliably. | ||||||||||||||||||||
| Investment | gains and losses | |||||||||||||||||||
| This includes any |
realised or unrealised | gains | or losses | on the sale of investments | and any | gain | or loss | |||||||||||||
| resulting from revaluing investments |
to | market value | at the end ofthe | year. |
| 2.2 | EXPENDITURE AND LIABILITIES | EXPENDITURE AND LIABILITIES | ||||||
|---|---|---|---|---|---|---|---|---|
| Liability recognition | ||||||||
| Liabilities are recognised where it is more likely than not |
that there is a legal or constructive |
obligation | ||||||
| committing the charity to pay out resources and the amount ofthe obligation can be measured |
with | |||||||
| reasonable certainty. |
||||||||
| Governance | and supportcosts | |||||||
| Support costs have been allocated between governance | costs and other support. | Governance | costs | |||||
| comprise all costs involving public accountability ofthe charity and its compliance |
with regulation | and | ||||||
| good practice. | ||||||||
| Support costs include central functions and have been allocated to activity cost categaries |
on a | basis | ||||||
| consistent with the use ofresources. |
||||||||
| Creditars | ||||||||
| The charity has creditors which are measured at settlement amounts less any trade discounts. |
||||||||
| 2.3 | ASSETS | |||||||
| Tangible fixed assets for use by charity | ||||||||
| —These are capitalised ifthey can be used for more than |
one year, and cost at least f300. | |||||||
| —They are valued at cast, with the exception ofthe land | and buildings which are |
shown at | valuation. | |||||
| -The depreciation rates and methods used are disclosed |
in note 9.2. | |||||||
| investments | ||||||||
| Fixed asset investments in quoted shares, traded bonds |
and similar investments | are valued | at | initially | ||||
| at cost and subsequently at fair value (their market value) at the year end. The |
same treatment | is | ||||||
| appked to unlisted investments unless fair value cannot |
be measured reliably in |
which case | it is | |||||
| measured at cost less impairment. |
||||||||
| Investments held for resale or pending their sale and rash and cash equivalents |
with a maturity | date | ||||||
| af less than 1year are treated as current asset investments. |
||||||||
| Debtors | ||||||||
| Debtors (including trade debtors and loans receivable) are measured on initial recognition |
at | |||||||
| settlement amount after any trade discounts or amount |
advanced by the charity. Subsequently, |
they | ||||||
| are measured at the cash or other consideration expected to be received. |
||||||||
| Current asset investments | ||||||||
| The charity has investments which it holds for resale ar |
pending their sale and cash and cash |
|||||||
| equivalents with a maturity date less than one year. These include cash on deposit and cash |
||||||||
| equivalents with a maturity date of less than one year held for mvestment purposes rather |
than | to | ||||||
| meet short term cash commitments as they fall due. |
||||||||
| They are valued at fair value except where they qualify | as basic financial instruments. |
| Unrestricted | Restricted | Restricted | Prior year | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | Income | funds | Total funds | funds | |||||||
| E | E | 6 | |||||||||
| Donations | and | legacies: | |||||||||
| Donations | and gifts | 2,767 | 2,767 | 612 | |||||||
| Gift Aid | 5,689 | 5,689 | 1,130 | ||||||||
| General | grants provided | by | |||||||||
| government/other | charities | 2,000 | 2,000 | 985 | |||||||
| Total | 8,456 | 2,000 | 10,456 | 2,727 | |||||||
| Charitable | activities; | ||||||||||
| Entrance | fees | 119,727 | 119,727 | 130,935 | |||||||
| Total | 119,727 | 119,727 | 130,935 | ||||||||
| Other trading activities: | |||||||||||
| Tearoom | 168,003 | 168,003 | 136,325 | ||||||||
| Special events | 8,228 | 8,228 | (19I | ||||||||
| Guide books | 899 | 899 | 456 | ||||||||
| Total | 177,130 | 177,130 | 136,762 | ||||||||
| Income from investments: | |||||||||||
| Interest income | 73 | 73 | 52 | ||||||||
| Dividend | income | 4,765 | 4,765 | 7,936 | |||||||
| Rental and | leasing | income | 40,399 | 40,399 | 35,150 | ||||||
| Total | 45,237 | 45,237 | 43,138 | ||||||||
| Other: | |||||||||||
| Other | 67 | 67 | 753 | ||||||||
| Covid-19 | related grants | 9,437 | |||||||||
| Total | 67 | 67 | 10,190 | ||||||||
| TOTAL INCOME | 350,617 | 2,000 | 352,617 | 323,752 |
| unrestricted | Restricted | Prior year | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | income funds | Total funds | funds | |||||
| f | E | f | ||||||
| Expenditure | on raising funds: | |||||||
| Incurred seeking grants |
||||||||
| Staging fundraising events |
4,474 | 4,474 | 2,919 | |||||
| Advertising, marketing, |
direct mail | |||||||
| and pudliaty | 15,134 | 15,134 | 12,154 | |||||
| Tearoom running costs |
147,101 | 147,101 | 117,730 | |||||
| Investment management |
costs | 2,168 | 2,168 | 601 | ||||
| Rent collection, property | repairs and | |||||||
| maintenance charges |
14,421 | 14,421 | 17,116 | |||||
| Total | 183,298 | 183,298 | 150,520 | |||||
| Expenditure | on charitable activities: | |||||||
| Wages and labour costs | 134,066 | 134,066 | 120,778 | |||||
| Garden expenses | 7,144 | 7,144 | 6,442 | |||||
| Utilities, telephone, | postage, | |||||||
| stationery, insurance |
and | sundry | 8,242 | 8,242 | 21,633 | |||
| Legal and professional | fees | 9,005 | 9,005 | 7,280 | ||||
| Depreciation | 1,258 | 1,258 | 1,304 | |||||
| Total | 159,715 | 159,715 | 157,457 | |||||
| Other: | ||||||||
| Bank and credit card | charges | 3,699 | 3,699 | 3,257 | ||||
| Sundry | 2,886 | 2,886 | 1,301 | |||||
| Total | 6,585 | 6I585 | 4,558 | |||||
| TOTAL EXPENDITURE | 349,598 | 349,598 | 312,515 |
| Activity or programme |
Activities undertaken directly |
Support | Costs | Total this year | Total prior year |
|
|---|---|---|---|---|---|---|
| f | E | |||||
| Other | 151,614 | 8,101 | 159,715 | 157,437 | ||
| Total | 151,614 | 8,101 | 159,715 | 157,437 |
| Charitable | Other trading | Basis of | ||||
|---|---|---|---|---|---|---|
| Support cost | activities | activities | Grand | total | allocation | |
| f | f | f | ||||
| Governance | 4,318 | 3,783 | 8,101 | See below | ||
| Total | 4,318 | 3,783 | 8,101 |
| 5. | DETAILS OF CERTAIN | ITEMS OF | EXPENDITURE | ||
|---|---|---|---|---|---|
| 5.1 | FeeS fOr examination | ofthe accounts | This year | Last year | |
| f | f | ||||
| Independent examiner's |
fees | 1,675 | 1,595 | ||
| 6. | PAID EMPLOYEES | ||||
| This year | Last year | ||||
| 6.1 | Staff cos'ts | E | |||
| Salaries and wages | 182,573 | 157,807 | |||
| Social security costs | 10,900 | 8,099 | |||
| Pension costs (defined contribution | scheme) | 5,336 | 4,448 | ||
| Total staff costs | 198,809 | 170,354 |
| 6.2 | Average head count in | the year | This year | Last year | ||||
| Number | Number | |||||||
| The | parts | ofthe rharity | in which | Fundraising | 8 | 6 | ||
| the | employees work: |
Charitable | Activities | 4 | ||||
| Governance | ||||||||
| Other | ||||||||
| 12 | 10 | |||||||
| 7. | DEFINED CONTRIBUTION | PENSION SCHEME | This year | Last year | ||||
| f | E | |||||||
| Amount | of contributions | recognised | in the SOFA as an expense: | 5,336 | 4,448 |
| PAGE 13 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 8. TANGIBLE FIXED ASSETS | ||||||||
| Freehold | land | Plant, | Fixtures, | Total | ||||
| &buildings | machinery | fittings | and | |||||
| and motor | equipment | |||||||
| E | E | |||||||
| 8.1 Costorvaluation | ||||||||
| At beginning | ofyear | 1,879,732 | 42,015 | 39,850 | 1,961,597 | |||
| Additions | 254,091 | 1,027 | 255,118 | |||||
| Disposals | ||||||||
| Net gain/(loss) | on revaluation | |||||||
| At end of year | 2,133,823 | 43,042 | 39,850 | 2,216,715 | ||||
| 8.2 Depreciation |
and impairments | |||||||
| Basis | Straight line | Straight | line | |||||
| Rate | 20ss | 20 - 25'% | ||||||
| At beginning | ofyear | 40,705 | 38,130 | 78,835 | ||||
| Depreciation | 685 | 573 | 1,258 | |||||
| Disposals | ||||||||
| Impairment | ||||||||
| At end ofyear | 41,390 | 38,703 | 80,093 | |||||
| 8.3 Net book value |
||||||||
| At end ofyear | 2,133,823 | 1,652 | 1,147 | 2,136,622 | ||||
| At beginning | ofyear | 1,879,732 | 1,310 | 1,720 | 1,882,762 |
| 9.1 Fixed asset investments | 9.1 Fixed asset investments | Listed | Investment | ||||
|---|---|---|---|---|---|---|---|
| Total | |||||||
| investments | properties | ||||||
| Carrying (fair) |
valve at beginning | of | period | 344,264 | 717,563 | 1,061,827 | |
| Add: additions | to investments | during | period | 31,319 | 31,319 | ||
| Less: disposals | at carrying value |
(273,733) | (273,733) | ||||
| Less: impairments | |||||||
| Add: Reversal | ofimpairments | ||||||
| Add/(deduct): | net gain/(loss) | on | revaluation | (13,984) | (13,984) | ||
| Carrying (fair) |
value at end of | year | 87,866 | 717,563 | 806,429 |
| Analysis ofcurrent asset investments | Analysis ofcurrent asset investments | This year | Last year |
|---|---|---|---|
| 6 | |||
| Cash or cash | equivalents | 2,177 | 8,430 |
| Total | 2,177 | 8,430 | |
| 9.5Additional | information |
| 10.DEBTORS AND PREPAYMENTS | 10.DEBTORS AND PREPAYMENTS | PAGE 15 | ||
|---|---|---|---|---|
| 10.1 Analysis ofdebtors |
This year | Last year | ||
| F. | E | |||
| Trade debtors | 15 | |||
| Prcpayments and accrued income |
7,354 | 2,417 | ||
| Other debtors | 52,685 | |||
| Tote! | 7,369 | 55,102 | ||
| 10.2 Analysis ofdebtors recoverable |
in more than 1year (included | |||
| in debtors above) | This year | Last year | ||
| f | E | |||
| Other debtors | 50,000 | |||
| Total | 50,000 | |||
| 11. CASH AT BANK AND IN HAND | This year | Last year | ||
| E | f | |||
| Cash at bank and on hand | 131,558 | 77,622 | ||
| Total | 131,558 | 77,622 | ||
| 12. CREDITORS | ||||
| This year | Last year | |||
| Amaunts falling due within one year: |
E | E | ||
| Loan | 30,000 | |||
| Accruais and deferred | income | 33,073 | 26,782 | |
| Taxation and social security | 4,335 | 3,294 | ||
| Total | 67,408 | 30,076 |
| Revaluation | |||||
|---|---|---|---|---|---|
| Fund name | reserve | Unrestricted | Restricted | Total funds | |
| Fund balances brought forward | 1,251,583 | 1,804,084 | 3,055,667 | ||
| Income | 350,617 | 2,000 | 352,617 | ||
| Expenditure | (349,598) | (349,598) | |||
| Transfer between | funds | ||||
| Gains and losses | (42,939) | (42,939 | |||
| Fund balances carried forward | 1,251,583 | 1,762,164 | 2,000 | 3,015,747 |
| 13.2 Details of m | aterial | funds held | and movements duri |
ng the previous | reporting perio |
d |
|---|---|---|---|---|---|---|
| Revaluation | ||||||
| Fund name | reserve | unrestricted | Restricted | Tatalfunds | ||
| Fund balances brought | forward | 1,251,583 | 1,732,693 | 2,979 | 2,987,255 | |
| income | 322,767 | 985 | 323,752 | |||
| Expenditure | (312,515) | (312,515) | ||||
| Transfer between | funds | 3,964 | (3,964) | |||
| Gains and losses | 57,175 | 57,175 | ||||
| Fund balances carried forward | 1,251,583 | 1,804,084 | 3,055,667 |