# # ## ## ## ## ## ## ## ## ## ## ## ## |Review ofthe year||||| |---|---|---|---|---| |The trust made a profit off11,830. The charity ensures the accommodation
Some investments
had to be sold in order to finance its expenditure.|continues to be ofa good standard.|||| |Principal
Funding Source||||| |Aside from contributions
from the occupiers, the principal
funding source for|the Charity is from investment||income.|| |Investment
Policy||||| |The Charity has a Stockbroker advising
on investments.
Some investments
ongoing expenses.|are sold each year in order to pay the|||| |Reserves Policy||||| |To retain the endowment
portfolio at a level which produces
approximately
two-thirds
ofthe average
expenditure
ofthe charity.||annual||| |Trustees Selection||||| |The Trustees shall consist ofnot more than eight persons.||||| |The vicar shall be one Trustee.||||| |Cornwall
County Council may appoint two Trustees and the Royal Alfred Merchant Seamen's Society shall
two Trustees.|||appoint|| |Up to three Trustees can be appointed
by the existing Trustees.||||| |Each appointment
is made for five years or until earlier vacation. A Trustee retiring after five years is
appointment.||eligible|for re-|| |Trustee Induction
&Training||||| |New Trustees are briefed on their legal obligations
under charity law, the Charity Committee
guidance
benefit, the decision making processes and the recent financial performance
ofthe charity.||on public||| |Trustees are encouraged
to attend appropriate
external
training
events where
their role.|these will facilitate the undertaking|||of| |Risk Ilanagement||||| |The Trustees have a risk management
strategy which comprises ofan annual
review to discuss those
and plan procedures
to minimise
any potential
impact on the charity should those risks materialise.||risks|identified|| ## ## ## ## ## ## ## ## |||NOTE|Unrestricted|Endowment|Building|Repair|2022|2021| |---|---|---|---|---|---|---|---|---| |INCOMING RESOURCES|||Funds|Funds|Fund|Fund|Total|Total| |Incoming resources from generated|funds;|||||||| |Activities for generating
funds
Investment
Income|||19,409||||19,409|20,269| |Other
Total incomin
resources|||19,409|34,834
34,834|||34,834
54,243|53,582
73,851| |RESOURCES EXPENDED||||||||| |Costs ofgenerating
funds;||||||||| |Charitable
Activities
Investment
Management
Costs
Governance
Costs
Total resources e
ended|||2,630
2,630|21,875
14,102
35,977|1,2QO
1,200|2,606
2,606|25,681
14,102
2,630
42,413|26,705
13,228
2,598
42,531| |Net incomingl(outgoing)
resources
Gaini(Loss) on revaluation
ofinvestments|||16,779|{1,143)|(1,200)|{2,6Q6)|11,830|31,320| |Funds brought
forward|||221,588|484,473|31,534|(116,925)
708,185|(116,925)
1,445,780|92,413
1,322,047| ||||238,367|483,330|30,334|588,654|1,340,685|1,445,780| ## ## ## ## ## ## ## ## |Activities for generating||||2022|2021||| |---|---|---|---|---|---|---|---| |funds|Donation|||7|||| ||Contribution
from
Electric Meter||occupiers|18,609|19,385||| ||collection|||793|884||| |Other|Dividends
Profit (Loss)
Investments|on Sale of||29,769
5,065|25,927
27,655||| |||||54,243|73,851||| |3.ANALYSIS OF RESOURCES|EXPANDED||||||| |Costs|||||||| |||||Contributions|||| |allocated to
activities
Warden
Heating 8 Lighting
Repairs 8 Renewals
Rates 8 Water
Insurance
Garden Expenses
Depreciation
~S|Basis of
Allocation
Direct
Direct
Direct
Direct
Direct
Direct
Direct||Investment
income|from
Occu iers
4,500
7,57?
2,606
4,517
1,156
3,536
1,239|Admin|2022
Total
4,500
7,57?
2,606
4,517
1,156
3,536
1,239|2021
Total
3,900
5,410
7,995
2,937
1,074
3,635
1,244| |allocated to activities|||||||| |Legal 8 Professional"
Office Expenses|Usage
Usage||||15,122
2,160|15,122
2,160|14,248
2,088| |||||25,131|17,282|42,413|42,531| ## ## ## ||2022|2021| |---|---|---| |As at30June 2021|31,534|32,734| |Depreciation|1,200|1,200| |At 30June 2022|30,334|31,534| ## ||Freehold||||| |---|---|---|---|---|---| ||~Protterttt|Furniture|EttEui|ment|Total| |Cost;|||||| |At 1 July 2021
Additions|55,534|730||1384|57,648| |At 30June 2022|55,534|730||1384|5?,848| |Depreciation;|||||| |At 1 July 2021
Charge for year
At 30June 2022|24,000
1,200
25,200|707
2
709||1,011
37
1,048|25,718
1,239
26,957| |Net book value at 30June 2022|30,334|21||336|30,691| |Net book value at 30June 2021|31,534|23||373|31,93Q| ## |Market Value at 1 July 2021|1,369,280| |---|---| |Additions
at cost|192,594| |Sales|(206,560)| |Net loss on revaluation|~116,926| |Market Value at 30|| |June 2Q22|1,238,389| |Historical cost at 30June|| |2022|1,246,219| ## ||2022|2021| |---|---|---| |Debtors|53,508|30,810| |Prepayments|542|542| ||54,050|31,352| ## ||2022|2021| |---|---|---| |Creditors||| |Accruals|1,200|1,200| ||1,200|1,200| ## ## ||General|Endowment|Restricted|Total| |---|---|---|---|---| |Tangible Fixed Assets
Current Assets
Current
Liabilities
Net Assets 30June 2020|239,568
1,200
238,368|30,691
30,691|1,071,627
1,071,62?|30,691
1,311,195
1,200
1,340,686| # |INCONIING RESOURCES||||2022|||2021| |---|---|---|---|---|---|---|---| |Donation
Dividends||||?
29,769|||25,92?| |Contribution
from Occupiers
Electricity Meter Collection
ProfiV(Loss) on Sale of||||18,609
793|||19,385
884| |Investments
RESOURCES EXPENDED||||5,065
54,243|||27,655
73,851| |Direct Charitable
Expenditure:—|||||||| |VVarden
Heating
and Lighting
Repairs and Renewals
Rates and VVater
Insurance
Garden Expenses||4,500
7,577
2,606
4,517
1,156
3,536|||3,900
5,410
7,995
2,937
1,074
3,635||| |Depreciation||1,239|||1,244||| ||||25,131|||26,195|| |OTHER EXPENDITURE|||||||| |Administration:-|||||||| |Stockbrokers
Management
Accountancy
Printing,
Stationery
and|Fees|14,102
1,020|||13,228
1,020||| |Advertising||89|||149||| |Subscriptions
and Sundry||461|||361||| |Managers Wages||1,610|||1,578||| |TOTAL EXPENDITURE|||17,282|42,413||16,336|42,531| |||||11,830|||31,320|