# 



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|Index||
|---|---|
|Report ofthe Board ofTrustees (including the Strategic Report)|3-16|
|Statement ofthe Trustees’ Responsibilities|17|
|Report ofthe IndependentAuditors|18-20|
|Statement of Financial Activities|21|
|Balance Sheet|22|
|Cash Flow Statement|23|
|Notes to the Financial Statements|24- 43|
|Legal and Administrative details|44|





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|1.|Overview-the impactofthesecondyearofCovid-19 on ouroperations|4||
|---|---|---|---|
|2.|Achievements, Performance andFuture Plans|5||
||a)<br>reduce social isolation andloneliness|5<br>-|6|
||b)<br>help people who are experiencing difficulties|6<br>-|7|
||c)<br>enable older people to be active andhealthy|B -|9|
||d)<br>create and sustain an environmentthatsupports ourmission|9<br>-|10|
|3.|FinancialReviewandResults forthe Year|10|- 11|
|4.|Principal Risks and Uncertainties|17|- 12|
|5.|FinancialManagementPolicies|||
||a)<br>reserves|72|- 13|
||b)<br>investmentpolicies andperformance|13- 14||
||c)<br>investment properties|14||
|6.|Structure, Governance andManagement|14|- 15|





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22 August 2022 



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||||Restricted||||
|---|---|---|---|---|---|---|
|||Unrestricted|Income|Endowment|Total|Total|
|||Funds|Funds|Funds|2022|2021|
||Notes|£|£|£|£|£|
|Income from:|||||||
|Donations and legacies|2|118,775||-|118,775|162,472|
|Charitable activities|5|658,611|551,503|-|1,210,114|1,101,690|
|Othertrading activities|3|108,343||-|108,343|53,758|
|Investments|4|17,426|341,271|-|358,697|277,678|
|Other|19|-|689,037|(689,037)|-|-|
|Total income||903,155|1,581,811|(689,037)|1,795,929|1,595,599|
|Expenditure on:|||||||
|Raising funds|6|412,036|-|70,847|482,883|385,487|
|Charitable activities|7|433,534|1,746,968|-|2,180,501|2,034,055|
|Total expenditure||845,570|1,746,968|70,847|2,663,384|2,419,542|
|Operating (Deficit)ISurplus||57,585|(165,157)|(759,884)|(867,455)|(823,944)|
|Net gains/(losses) on investments|14|22,971|182|839,988|863,141|3,619,048|
|Gain on revaluation of Investment|||||||
|Properties|13|533,000|-|-|533,000|384,000|
|Net (expenditure)Iincome|9|613,556|(164,975)|80,104|528,686|3,179,104|
|Reconciliation offunds|||||||
|Totalfunds broughtforward|r 19|15,778,670|256,886|17,133,319|33,168,875|29,989,771|
|Total funds carried forward|r 19|16,392,226|91,911|17,213,423|33,697,561|33,168,875|



## 



## 

||||2022|2022|2021|2021|
|---|---|---|---|---|---|---|
|||Notes|£|£|£|£|
|FIXED ASSETS|||||||
|Tangible assets||12||862,345||871,352|
|Investment Properties||13||14,891,000||14,358,000|
|Investments||14||17,890,214||17,797,930|
|TOTAL|FIXED ASSETS|||33,643,559||33,027,282|
|CURRENT ASSETS|||||||
|Debtors||15|155,409||125,537||
|Cash at bank and in hand||16|85,957||197,072||
|Cash at COIF Charities|Deposit Fund|16|-||32||
|TOTAL CURRENT ASSETS|||241,366||322,640||
|LIABILITIES|||||||
|Creditors<br>- amounts falling due within|||||||
|oneyear||17|187,364||181,047||
|NET CURRENT ASSETS||||54,002||141,593|
|TOTAL NET ASSETS||20||33,697,561||33,168,875|
|The funds ofthe charity:|||||||
|Restricted funds|||||||
|Endowmentfunds|||17,213,423||17,133,319||
|Restricted income funds|||91,910||256,886||
|||||17,305,333||17,390,205|
|Unrestricted funds|||||||
|Free Reserves|||638,883||549,318||
|Investment Properties Reserve|||14,891,000||14,358,000||
|Fixed Asset Reserves|||862,345||871,352||
|||||16,392,228||15,778,670|
||TOTAL FUNDST 19|||33,697,561||33,168,875|



## 



## 

||Notes|2022|2022|2021|2021|
|---|---|---|---|---|---|
|||£|£|£|£|
|Cash flows fromoperating activities||||||
|Netcash providedby(used in) operating activities|21||(1,109,140)||(988,803)|
|Cash flows from investing activities:||||||
|Dividends and interestfrom investments||18,644||31,210||
|Income and capital withdrawals from investments||1,030,000||970,000||
|Purchase oftangible fixed assets|12|(50,652)||(12,443)||
|Netcashprovidedby(used in) investing activities|||997,992||988,767|
|Change in cash andcash equivalents||||||
|in the reportingperiod|||(111,147)||(36)|
|Cash and cash equivalents atthe beginning||||||
|ofthe reporting period|||197,104||197,140|
|Cashandcash equivalents atthe end||||||
|ofthe reportingperiod|16||85,957||197,104|





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|a capital fund. It is distinguishable f<br>the funds until the Charity Trustees|rom unrestricted <br> decide to.|funds in that th|ere|is no requiremen|t to spend|
|---|---|---|---|---|---|
||Unrestricted|Restricted||Total|Total|
||Funds|Funds||2022|2021|
||£|£||£|£|
|2. DONATIONS AND LEGACIES||||||
|Legacy income|5,000||-|5,000|4,208|
|Donations and covenants|113,775||-|113,775|158,265|
||118,775||-|118,775|162,472|
|||||Unrestricted|Unrestricted|
|||||Funds|Funds|
|||||2022|2021|
|3. OTHER TRADING ACTIVITIES||||£|£|
|Rental Income||||36,213|32,606|
|Drake House||||10,624|-|
|Charity Shop (see note)||||45,972|18,732|
|Fundraising events||||15,534|2,420|
|||||108,343|53,758|





## 

|4. INVESTMENTS|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||Funds|Funds|2022|2021|
||£|£|£|£|
|Bank and Building Society|||||
|accounts|593|1,240|1,833|1,376|
|Dividends receivable from in the|||||
|UK|16,833|267,390|284,222|179,536|
|Dividends receivable from|||||
|outside the UK|-|72,642|72,642|96,766|
||17,426|341,271|358,697|277,678|
|5.CHARITABLE ACTIVITIES|Unrestricted|Restricted|Total|Total|
||Funds|Funds|2022|2021|
||£|£|£|£|
|Income|||||
|Community Services|33,413||33,413|9,343|
|Talking Therapies|74,903||74,903|75,976|
|Housing Rents|544,513||544,513|537,885|
|Other|3,777||3,777|329|
||656,606|-|656,606|623,534|
|Grants|||||
|London Borough of Merton|-|274,566|274,566|294,803|
|South West London & St|-|78,902|78,902|78,902|
|George’s Trust|||||
|Sutton & Merton CCG|-|89,407|89,407|-|
|Charitable Fund|||||
|Merton Clinical Commissioning|-|38,000|38,000|25,000|
|Group|||||
|Age UK Merton|-|31,232|31,232|10,800|
|London Community Fund|-|-|-|10,000|
|South West London Trains|-|15,000|15,000|15,000|
|The Wimbledon Foundation|-|-|-|5,000|
|Generations Trust|-|-|-|5,000|
|Merton Moves|-|20,000|20,000|11,500|
|Other|2,005|4,395|6,400|22,152|
||2,005|551,503|553,508|478,156|
|Total CharitableActivities|658,611|551,503|1.210.114|1,101690|





## 

|||Direct|Support|Total|Total|
|---|---|---|---|---|---|
|||Costs|Costs|2022|2021|
||||(Note 8)|||
|6. EXPENDITURE ON RAISING||£|£|£|£|
|FUNDS||||||
|Charity Shop||88,472|20,970|109,442|79,940|
|CostsofFundraising|103,180||60,889|164,069|177,634|
|Investment Management||88,336|-|88,336|77,344|
|Fees||||||
|Drake House||48,119|21,154|69,272|16,629|
|Other(lnvestment&|(15,411)||67,175|51,764|33,941|
|Marketing)||||||
||312,696||170,188|482,883|385,487|
|||Direct|Support|Total|Total|
|||Costs|Costs|2022|2021|
||||(Note 8)|||
|7. EXPENDITURE ON CHARITABLE||£|£|£|£|
|ACTIVITIES||||||
|Community Services||||||
|||707,667|238,003|945,670|759,742|
|Talking||||||
|Therapies||415,400|149,275|564,675|570,208|
|Housing||||||
|||188,738|66,970|255,708|280,961|
|Social Work (including Grief||||||
|||201,397|75,189|276,586|308,363|
|Support Services)||||||
|Other||||||
|||137,862|-|137,862|114,782|
|||1,651,064|529,437|2,180,501|2,034,055|





## 

|||FOR THE YEAR END|FOR THE YEAR END|ED 31 MAR|CH 2022|||
|---|---|---|---|---|---|---|---|
|8.|SUPPORT COSTS|BY ACTIVITY||||||
||(Notes 6 and 7)|Staff|Governance|General|Facilities|2022|2021|
|||Costs|Costs|Office|Costs|Total|Total|
|||||Costs||||
|||£|£|£|£|£|£|
||Community|105,538|27,990|80,439|24,037|238,003|210,428|
||Services|||||||
||Talking Therapies|61,701|12,349|52,201|23,023|149,275|133,088|
||Housing|28,094|10,335|8,466|20,075|66,970|66,317|
||Social Work|42,291|6,380|19,906|6,612|75,189|64,105|
|||237,624|57,054|161,011|73,748|529,437|473,938|
||Raising funds|94,586|34,424|36,462|4,716|170,188|158,000|
|||332,210|91,478|197,473|78,464|699,625|631,938|



## 

|This is stated after charging:|2022|2021|
|---|---|---|
||£|£|
|Operating leases|33,221|32,284|
|Depreciation (see note 12)|59,659|59,709|
|Auditor’s remuneration:|||
|Audit fees|15,750|14,700|



|10.|STAFF COSTS|||
|---|---|---|---|
||Staff costs during the yearwere as follows:|||
|||2022|2021|
|||£|£|
||Wages and salaries|1,362,617|1,278,200|
||Social security costs|129,421|121,348|
||Pensions|71,261|65,750|
||Other benefits|15,990|15,990|
|||1,579,289|1,481,288|





## 

|The average monthly headcount was 50 staff (2021-4<br>equivalent staffanalysed by|7 staff) and the average number offull-|time|
|---|---|---|
|function was:-|2022|2021|
||No.|No.|
|Direct charitable|26.9|25.9|
|Raising Funds|4.1|4.2|
|Governance and Support|7.4|6.8|
||38.4|36.9|



|The emp<br>were:|loyees who had emoluments, excluding p|ension contributions, exceeding £60,000 in|the year|
|---|---|---|---|
|||2022|2021|
|||No.|No.|
|£60,001|-70,000|3||
|£70,001|-80,000|-||
|£80,001|- £90,000|1|1|



## 



## 

||FOR TH|E YEAR END|ED 31 MAR|CH 2022||
|---|---|---|---|---|---|
|12.|TANGIBLE FIXED ASSETS|Land|Plant|||
|||and|and|Motor||
|||Buildings|Equipment|Vehicles|Total|
|||£|£|£|£|
||Cost/valuation|||||
||At 1 April 2021|1,208,476|309,398|20,000|1,537,874|
||Additions|16,140|34,512|-|50,652|
||Transfer from Investment Properties|||||
||Write offs|||||
||As at 31 March 2022|1,224,616|343,910|20,000|1,588,526|
||Accumulated Depreciation|||||
||At 1 April 2021|425,298|221,224|20,000|666,522|
||Charge for the|25,507|34,153|-|59,659|
||year|||||
||Write offs|||||
||As at 31 March 2022|450,805|255,377|20,000|726,182|
||Net Book Values|||||
||As at 31 March|||||
||2022|773,811|88,534|0|862,345|
||As at 31 March|||||
||2021|783,178|88,174|0|871,352|






## 

## 



## 

|14.|FIXED ASSET INVESTMENTS|2022|2022|2022|2021|
|---|---|---|---|---|---|
|||In the|Outside|Total|Total|
|||UK|the UK|||
||Listed|£|£|£|£|
||Investments|||||
||Market value at 1 April 2021|5,118,738|11,493,078|16,611,816|14,738,218|
||Additions|18,814,566|129,634|18,944,200|6,277,586|
||Disposals|(6,960,006)|(11,769,185)|(18,729,191)|(8,023,036)|
||Net Investment (loss)! gain|(540)|863,681|863,141|3,619,048|
||Market value at 31 March|16,972,758|717,208|17,689,966|16,611,816|
||2022|||||
||Accrued income||-|-|5,031|
||Cash Held for Investment|200,248|-|200,248|1,181,085|
||Investments at 31 March|||||
||2022|17,173,006|717,208|17,890,214|17,797,931|
||Historical cost at 31 March|||||
||2022|17,242,902|(4,289)|17,238,613|20,867,143|



|15.|DEBTORS|2022|2021|
|---|---|---|---|
|||£|£|
||Trade Debtors|8,622|12,272|
||Other Debtors|81,768|43,470|
||Prepayments|65,019|69,794|
|||155,409|125,537|





## 

## 

|16.|CASH|||
|---|---|---|---|
|||2022|2021|
|||£|£|
||Cash in hand and at bank|||
|||85,957|197,072|
||Cash at COIF Charities Deposit Fund|||
|||-|32|
|||85,957|197,104|
|17.|CREDITORS<br>-amounts falling due within|2022|2021|
||one year|||
|||£|£|
||Trade Creditors|105,526|84,165|
||Other Creditors|48,097|50,088|
||Accruals and deferred income (see below)|33,742|46,795|
|||187,364|181,048|
||Deferred Income movement:||2022|
||||£|
||Balance at 1 April 2021||5,969|
||Amount released to income earned from charitable and other trading activities||(5,969)|
||Amount deferred in the year||3,082|
||Balance at 31 March 2022||3,082|



|18.|FINANCIAL INSTRUMENTS|2022|2021|
|---|---|---|---|
|||£|£|
||Financial assets measured at cost|193,637|252,846|
||Financial liabilities measured at cost|153,622|134,253|





## 

## 

|19.<br>FUNDS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Net|Rev’n||||Balances|
|2022|1|April|Incoming|Resources|Inv’mnt|of||Trers||31 March|
||2021||resource|Expended|gn’sI(Ios’s|Props||||2022|
||||s||||||||
|||£|£|£|£|£||£||£|
|Endowments|||||||||||
|Expendable|||||||||||
|Endowment|17,133,319||(689,041)|(70,847)|839,988|||||17,213,418|
|Restricted Income|Funds||||||||||
|Welfare Fund||40,687|97,816|(59,561)|-||||-|78,943|
|Merton Strategic|||||||||||
|Partnership<br>-||-|48,500|(48,500)|-||||-|-|
|Wellbeing Support|||||||||||
|Merton Strategic|||||||||||
|Partnership -Talking||-|48,500|(48,500)|-||||-|-|
|Therapies|||||||||||
|SWLSTG Merton|||||||||||
|Uplift -Wellbeing|||78,902|(78,902)|-||||-|-|
|Support|||||||||||
|The Merton COVID|||||||||||
|19 Community||-|89,407|(89,407)|-||||-|(0)|
|response Hub|||||||||||
|Winter, Warm &|||||||||||
|Well Grant||6,839|84,150|(83,298)|-||||-|7,691|
|Musical Movement||1 1 347|-|(1,943)|-||||-|9,404|
|Rosemary Lodge|||||||||||
|Fund||1,531|-|-|-||||-|1,531|
|Befriending (Age|||||||||||
|UK Merton)||-|31,232|(26,027)|-||||-|5,205|
|The Wimbledon|||||||||||
|Foundation<br>- SW||-|15,000|(15,000)|-||||-|-|
|Trains CE Grant|||||||||||
|Wimbledon|||||||||||
|Convalescent Home||14,457|308||184|||||14,949|
|Merton Moves||11,500|20,000|(28,875)|||||-|2,625|
|NHS Merton CCG|||||||||||
|(GriefSupport)||-|38,000|(38,000)|||||||
|Expendable|||||||||||
|Endowment capital|||689,041|(699,242)|||||-|(10,202)|
|distribution|||||||||||
|Special Trust|||||||||||
|income (Cazenove)|170,519||340,959|(529,711)|||||-|(18,233)|
|Total Restricted|||||||||||
|income|256,881||1,581,815|(1,746,967)|184||-||-|91,914|





## 

||FOR T|HE YEAR|ENDED 31 M|ARCH 20|22|||
|---|---|---|---|---|---|---|---|
|Unrestricted funds||||||||
|General Fund||||||||
||549,319|903,155|(785,912)|22,970||(50,649)|638,884|
|Fixed Asset||||||||
|Reserve|871,355|-|(59,658)|||50,649|862,345|
|Investment||||||||
|Properties Reserve|14,358,000||-|-|533,000|-|14,891,000|
|Total Unrestricted||||||||
|Funds|15,778,674|903,155|(845,570)|22,970|533,000|-|16,392,229|
|Total Funds|33,168,874|1,795,929|(2,663,384)|863,142|533,000|-|33,697,561|





## 



## 

||FOR THE YEAR ENDED 31 M|FOR THE YEAR ENDED 31 M|FOR THE YEAR ENDED 31 M|FOR THE YEAR ENDED 31 M|ARCH 2022||||
|---|---|---|---|---|---|---|---|---|
|The 2021 movement in|funds comparatives are as follows:||||||||
||Restated||||Net|Revn||Balances|
|2021|1|April|Incoming|Resources|Inv’mnt|of|Tr’ers|31 March|
||2020||resources|Expended|gnsl(Ioss)|Props||2021|
|||£|£|£|£|£|£|£|
|Endowments|||||||||
|Expendable|||||||||
|Endowment|14,355,872||(643,478)|(76,671)|3,497,596||-|17,133,319|
|Restricted Income Funds|||||||||
|Welfare Fund||14,385|40,149|(13,846)|-||-|40,688|
|LBM Public Health||-|16,500|(5000)|-||-|11,500|
|Merton Strategic|||||||||
|Partnership -||-|48,500|(48500)|-||-|-|
|Welbeing Support|||||||||
|Merton Strategic|||||||||
|Partnership -Talking||-|48,500|(48,500)|-||-|-|
|Therapies|||||||||
|SWLSTG Merton|||||||||
|Uplift -Wellbeing||-|78,901|(78,901)|-||-|-|
|Support|||||||||
|The Merton|||||||||
|COVID-19||-|67,572|(67572)|-||-|-|
|Community|||||||||
|response Hub|||||||||
|Winter, Warm &|||||||||
|Well Grant||-|85,232|(78,392)|-||-|6,839|
|Musical Movement||13,739|943|(3,335)|-||-|11,347|
|Rosemary Lodge|||||||||
|Fund||1,531||-|-||-|1,531|
|Befriending (Age|||||||||
|UK Merton)||-|10,800|(10,800)|||||
|South West Trains|||||||||
|Grant||-|15,000|(15,000)|||||
|The Wimbledon Foundation|||||||||
||||2,500|(2,500)|||||
|Wimbledon|||||||||
|Convalescent Home||12,386|306|-|1,769||-|14,461|
|LBM restrictions|||||||||
|Support Grants<br>-||-|21,060|(21,060)|||||
|Café & Shop|||||||||
|NHS Merton CCG|||||||||
|(GriefSupport)||-|25,000|(25,000)|||||
|Generations Trust|||||||||
|||-|5,000|(5,000)|||||
|London Community|||||||||
|Fund||-|10,000|(10,000)|||||
|Expendable Endowment|||||||||
|capital distribution||-|643,478|(643,478)|||||
|Special Trust income|||||||||
|(Cazenove)||-|246,464|(75,945)|-||-|170,519|
|Total Restricted|||||||||
|income||42,041|1,365,904|(1,152,828)|1,769|-|-|256,886|
|||||||||32|





## 

|Unrestricted funds||||||||
|---|---|---|---|---|---|---|---|
|General Fund||||||||
||699,240|873,172|(1,130,334)|119,684||(12,443|549,318|
|Fixed Asset||||||||
|Reserve|918,618|-|(59,709)|||12,443|871,352|
|Investment||||||||
|Properties Reserve|13,974,000||-|-|384,000|-|14,358,000|
|Total Unrestricted||||||||
|Funds|15,591,858|873,172|(1,190,043)|119,684|384,000|-|15,778,670|
|Total Funds||||||||
||29,989,771|1,595,598|(2,419,542)|3,619,049|384,000|-|33,168,875|





## 

## 

|20. ANALYSIS <br>FUNDS|OF NETA|SSETS BETWE|SSETS BETWE|SSETS BETWE|E|N|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||Investment|||||||||
||General|Properties||||Fixed|Endowmen|Restricted||Total|
|||||||Asset|t||||
|2022|funds|Reserve|||Reserve||funds|income|funds|2022|
||£||£|||£|£|£||£|
|Tangible||||||862,345||||862,345|
|Fixed Assets|||||||||||
|Investment||14,891,000||||||||14,891,000|
|Properties|||||||||||
|Investments|584,882||||||17,213,418||91,914|17,890,213|
|Netcurrent|54,002|||||||||54,002|
|assets|||||||||||
|Total|638,884|14,891,000||||862,345|17,213,418||91,914|33,697,561|
|2021||||||||||2021|
||£||£|||£|£|£||£|
|Tangible|||||||||||
|Fixed Assets|-|||-||871,352|-||-|871,352|
|Investment|||||||||||
|Properties|-|14,358,000||||-|-||-|14,358,000|
|Investments|||||||||||
||407,725|||-||-|17,133,319|256,886||17,797,930|
|Netcurrent|||||||||||
|assets|141593|||-||-|-||-|141,593|
|Total|549318|14,358,000||||871,352|17133,319|256,886||33,168,875|
|21. CASH FLOW INFORMATION|||||||||||
|RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES|||||||||||
|||||||||2022||2021|
|||||||||£||£|
|Net (Expenditure)/lncome forthe|||reporting||period (as per||||||
|the Statement offinancial activities)||||||||528,686||3,179,104|
|Adjustments for:|||||||||||
|Depreciation charges (Note 12)|||||||||59,659|59,709|
|Unrealised and realised losses/(gains)||||(Note||14)||(863,141)||(3,619,048)|
|Investment Property Revaluation|||(Note 13)|||||(533,000)||(384,000)|
|Investment income shown||in investing||activities (Note 4)||||(359,606)||(277,678)|
|Investment fees|shown in investing activities|||||(Note 19)|||81,819|76,671|
|(Increase) I Decrease in debtors||||||||(29,872)||3,927|
|Increase I (Decrease) in short term creditors|||||||||6,315|(27,489)|
|Netcashprovidedby(usedin)|||operating||||||||
|activities||||||||(1,109,140)||(988,803)|





## 

|FOR THE YEAR ENDED 31 MA|RCH 2022||
|---|---|---|
|22. HISTORICAL COSTS OF NET MOVEMENT IN FUNDS|2022|2021|
||£|£|
|Net movement in funds|||
||528,686|3,179,104|
|Revaluation of Investment Properties (Note 13)|||
||(533,000)|(384,000)|
|Unrealised (gain)/loss on investments (Note 14)|||
||(863,135)|(3,619,048)|
|Net movement offunds on a historical cost basis|(867,450)|(823,944)|



## 

## 

## 

|At 31 March<br>leases:|2022|2, the char|ity had|the follo|wing commitments under|non-cancellable|operating|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||||Restated|
|||||||£|£|
|Obligations|under|operating|leases|expiring|in less than one year|29,312|30,270|
|Obligations|under|operating|leases|expiring|in one to five years|40,998|69,392|
|Obligations|under|operating|leases|expiring|after five years|||
|||||||70,310|99,662|



## 

## 



## 

||Restated|Restricted|Restricted|||
|---|---|---|---|---|---|
||Unrestricted||Income|Endowment|Total|
||Funds||Funds|Funds|2021|
|Income|£||£|£|£|
|from:||||||
|Donations and legacies|162,472||||162,472|
|Charitable activities|626,034||475,656||1,101,690|
|Other trading activities|53,758||||53,758|
|Investments|30,908||246,770||277,678|
|Other|-||643,478|(643,478)|-|
|Total income|873,172|1|365,904|(643,478)|1,595,599|
|Expenditure on:||||||
|Raising funds|308,816||-|76,671|385,487|
|Charitable<br>activities|881,227|1,152,828||-|2,034,055|
|Total expenditure|1,190,043|1,152,828||76,671|2,419,542|
|Operating||||||
|(Deficit)/Surplus|(316,871)||213,076|(720,149)|(823,944)|
|Net gains/(Iosses) on||||||
|investments|119,683||1,769|3,497,596|3,619,048|
|Gain on revaluation of||||||
|Investment Properties|384,000||-|-|384,000|
|Net||||||
|(expenditure)!income|186,812||214,845|2,777,447|3,179,104|
|Reconciliation offunds||||||
|Total funds brought||||||
|forward|15,591,858||42,041|14,355,872|29,989,771|
|Total funds carried||||||
|forward|15,778,670||256,886|17,133,319|33,168,875|





## 

## 

|were<br>-||||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||||Restated*|
|||||||£|£|
|Obligations|under|operating|leases|expiring|in less than one year|502,560|496,287|
|Obligations|under|operating|leases|expiring|in one to five years|4,617|15,348|
|Obligations|under|operating|leases|expiring|after five years|-|-|





## 

## 

## 

##