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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Independent
Examiner's
Report||||
|Statement of Financial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|8|to|15|
|Detailed Statement ofFinancial Activities||16||
|Appendix —Fund Allocation||17||
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Designated|Endowment|Total|Total|
||||||funds|Funds|fund|funds|funds|
|||||Notes|E|6|6||E|
|INCOME AND||||||||||
|ENDOWMENTS|FROM|||||||||
|Donations
and legacies||||2|50|||50||
|Investment
income||||3|61.547|96266||157813|152I)02|
|Total|||||61,597|96,266||157,863|152,902|
|EXPENDITURE|ON|||||||||
|Raising funds||||4|2,239|3,502||5,741|23,208|
|Charitable
activities||||||||||
|Education
grants||||||35,929||35,929|45,764|
|Welfare grants||||||22,901||22,901|32,669|
|Religion grants
General
grants|||||63,806|998||998
63,806|1,308
56,745|
|Support costs|||||5,741|8,978||14,719|12,581|
|Total|||||71,786|72,308||144,094|172,275|
|Net gains/(losses)||on||||||||
|investments|||||||748 839|748839|~778 621)|
|NET||||||||||
|INCOME/(EXPENDITURE)|||||(10,189)|23,958|748,839|762,608|(137,994)|
|7
f
6 I||f|6|15 ~72.500)||12 500||||
|Net movement|in|funds|||(22,689)|36,458|748,839|762,608|(137,994)|
|RECONCILIATION||OF||||||||
|FUNDS||||||||||
|Total funds brought||||||||||
|forward|||||85,811|42,805|4,897,791|4,826,407|4,964,401|
|TOTAL FUNDS|CARRIED|||||||||
|FORWARD|||||63122|79263|5 446 630|5589015|4826.407|
##
|||2021|2020|
|---|---|---|---|
|FIXEDASSETS|Notes|E|E|
|Investments||||
|Investments
Investment
property|9
10|4,401,309
1 187000|3,652,470
1 107000|
|||6,588,309|4,839,470|
|CURRENT ASSETS||||
|Debtors
Cash at bank||3,038
2 010|4,372|
|||5,056|4,372|
|CREDITORS||||
|Amounts
falling due within one year|12|(4,350)|(17,435)|
|NET CURRENT ASSETS||700|~130037|
|TOTAL ASSETS LESSCURRENT||||
|LIABILITIES||5,589,015|4,826,407|
|NETASSETS||5509015|4820,407|
|FUNDS|15|||
|Unrestricted
funds:||||
|Unrestricted
Funds
Designated
Funds||63,122
70263|85,811
42005|
|||142 30~|120616|
|Endowment
funds:||||
|Endowment
Funds||5446030|4697 791|
|TOTAL FUNDS||5,589.015|4826407|
##
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|DONATIONS
AND|LEGA|CIES||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||6|6|
|Donations||||||50||
|INVESTMENT INCOME||||||||
|||||||2021|2020|
|||||||E|E|
|Rents received||||||29,006|26,631|
|Other fixed asset investment||||||~128807|~126271|
|||||||~157813|~152902|
|RAISING FUNDS||||||||
|Investment
management||costs||||||
|||||||2021|2020|
|Investment
property|management||costs|||~5741|~23 208|
|GRANTS PAYABLE||||||||
|Grants of65,000 and|above have||been paid to the following||institutions:|||
|Bedfordshire
Rural Communities|||Charity - Welfare|||18,000|18,000|
|Burgoyne
Middle School - Education||||&Welfare||10,000|10,220|
|Potton Lower School|- Education||&|Welfare||10,000|10,219|
|Potton Town Council|- Various||||||5,153|
|Potton Jubilee Project||||||12,000|12,000|
|Potton United
Football Club
Sue Ryder Care||||||7,000|10,000
7,000|
##
##
|SUPPORT|COSTS|||||
|---|---|---|---|---|---|
|||||Governance||
||||Management|costs|Totals|
||||6|6||
|Support costs|||~10 759|~3960|~14719|
|Support costs, included||in the above, are as follows;||||
|||||2021|2020|
|||||Support|Total|
|||||costs|activities|
|||||6|E|
|Administration||||10,759|9,161|
|Independent|Examiners|Fee||1,200|1,200|
|Accounting|services paid to the|||||
|Independent|Examiner|||~2760|2220|
|||||~14719|~12581|
##
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##
|COMPARATIVES|F|OR THE ST|ATEMENT|OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Designated|Endowment|Total|
|||||funds|Funds|fund|funds|
|||||E|f|6|E|
|INCOME AND ENDOWMENTS|||FROM|||||
|Investment
income||||59,632|93,270||152,902|
|EXPENDITURE ON||||||||
|Raising funds||||9,051|14,157||23,208|
|Charitable
activities||||||||
|Education
grants|||||45,784||45,764|
|Welfare grants|||||32,669||32,669|
|Religion grants|||||1,308||1,308|
|General
grants||||56,745|||56,745|
|Support costs||||4,907|7,674||12,581|
|Total||||70,703|101,572||172,275|
|Net gains/(losses)|on|investments||||~11II621)|~118621)|
|NET INCOME/(EXPENDITURE)||||(11,071)|(8,302)|(118,621)|(137,994)|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought||forward||96,882|51,107|4,816,412|4,964,401|
##
||for the Year|Ended 31 March|2021|2021||
|---|---|---|---|---|---|
|COMPARATIVES|FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES - continued|||
|||Unrestricted|Designated|Endowment|Total|
|||funds|Funds|fund|funds|
|||6|6|f|6|
|TOTAL FUNDS CARRIED FORINARO||85811|42 805|4 897791|4828407|
|FIXEDASSET INVESTMENTS||||||
||||||Unlisted|
||||||investments|
||||||E|
|MARKET VALUE||||||
|At 1 April 2020|||||3,652,470|
|Revaluations|||||748 839|
|At 31 March 2021|||||4401.309|
|NET BOOK VALUE||||||
|At 31 March 2021|||||4 401 309|
|At 31 March 2020|||||3,652,470|
##
##
||Unlisted|
|---|---|
||investments|
||E|
|Valuation
in 2021|748,839|
|Cost|3852 470|
||4,401,309|
|INVESTMENT PROPERTY||
|FAIR VALUE||
|At 1 April 2020||
|and 31 March 2021|I 187 000|
|NET BOOK VALUE||
|At 31 March 2021|I 187000|
|At 31 March 2020|I 187000|
##
|10.|INVESTMENT PROPE|RTY - continued|RTY - continued||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Fair value at 31 March|2021 Is represented||by:||||||f|
||Valuation
in 2019|||||||||248,000|
||Cost|||||||||~939000|
|||||||||||1~187,000|
||The properties
were valued||by Messrs. Brown &Co, Chartered||||Surveyors|as at 31 March||2019.|
|11.|DEBTORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||||||||
|||||||||2021||2020|
|||||||||f||f.|
||Trade debtors|||||||||~1875|
|12.|CREDITORS: AMOUNTS||FALLING DUE|WITHIN|ONE|YEAR|||||
|||||||||2021
f||2020
f|
||Bank loans and overdrafts||(see note 13)|||||||13,385|
||Other creditors|||||||450||150|
||Accrued expenses|||||||3900||~3900|
|||||||||4 350||~17435|
|13.|LOANS||||||||||
||An analysis ofthe maturity||ofloans is given|below:|||||||
|||||||||2021
f||2020
f|
||Amounts
falling due within||one year on demand:||||||||
||Bank overdrafts|||||||||~13385|
|14.|ANALYSIS OF NET ASSETS BETWEEN|||FUNDS|||||||
|||||||||2021||2020|
||||Unrestricted|Designated||Endowment||Total||Total|
||||funds|Funds|||fund|funds||funds|
|||||f.|||f.|f.||f.|
||Investments||60,083|81,598||5,446,630||5,588,309||4,839,470|
||Current assets
Current
liabilities||5,010
~1977)|46
~2379)||||5,056
~4350)|4,372
~17435)||
||||63122|79,263||5446330||5,589015||4,826407|
##
##
|MOVEMENT|IN FUNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.20
B|in funds
B|funds
E|31.3.21
f|
|Unrestricted|funds|||||
|Unrestricted|Funds|85,811|(10,189)|(12,500)|63,122|
|Designated|Funds|42 805|239511|12500|79,263|
|||128,616|13,769||142,385|
|Endowment|funds|||||
|Endowment|Funds|4,697,791|748,839||5,446,830|
|TOTAL FUNDS||4 826 407|762 608|—|5589015|
|Net moveme|n|t
in funds,
includ|ed
in the ab|ove are as follo|ws:|||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|In funds|
|||||B||E|E|
|Unrestricted||funds||||||
|Unrestricted||Funds||61,597|(71,786)||(10,189)|
|Designated|Funds|||~96 266|~72 308)||~23958|
|||||157,863|(144,094)||13,769|
|Endowment||funds||||||
|Endowment|Funds|||||748,839|748,839|
|TOTAL FUNDS||||~157863|~144094)|~748 839|762,608|
|Comparatlves||for movsmsnt|in funds|||||
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.4.19|in funds|31.3.20|
|Unrestricted|funds||||
|Unrestricted
Designated|Funds
Funds|96,882
51 107|(11,071)
~8,302)|85,811
42,805|
|||147,989|(19,373)|128,616|
|Endowment|funds||||
|Endowment|Funds|4,818,412|(118,621)|4,897,791|
|TOTAL FUNDS||4984401|~437994)|4826,407|
##
##
|Comparative|net movement
In fu|nds,
included
in the abov|e are as follows|:||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|In funds|
|||E|6|E|E|
|Unrestricted|funds|||||
|Unrestricted
Designated|Funds
Funds|59,632
~93270|(70,703)
~101572)||(11,071)
~8302)|
|||152,902|(172,275)||(19,373)|
|Endowment|funds|||||
|Endowment|Funds|||(118,621)|(118,621)|
|TOTAL FUNDS||152902|~172275)|~118621)|~137994)|
|A current ye|ar 12 months
and p|rior year 12months
combin|ed
position
is|as follows:||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.19|in funds|funds|31.3.21|
||||6|6|E|
|Unrestricted|funds|||||
|Unrestricted|Funds|96,882|(21,260)|(12,500)|63,122|
|Designated|Funds|51,107|15656|12,500|29 263|
|||147,989|(5,604)||142,385|
|Endowment|funds|||||
|Endowment|Funds|4,816,412|630,218||5,446,630|
|TOTAL FUNDS||4 964 401|624,614|—|5 559.015|
|above are a|
s follows:|
||,
||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|||F|6|6||
|Unrestricted|funds|||||
|Unrestricted|Funds|121,229|(142,489)||(21,260)|
|Designated|Funds|189,536|(173,880)||~15656|
|Endowment|funds|310,765|(316,369)||(5,604)|
|Endowment|Funds|||630,218|630,218|
|TOTAL FUNDS||~310765|~316369)|630,218|624,614|
##
##
|Designated|Fund allocation|2021|2020|
|---|---|---|---|
||||L'|
|Education||34,176|25,705|
|Welfare
Church of|England|45,022
65|17,616
~516)|
|||18283|42865|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total|Total|
|||||funds|funds|funds|funds|
|||||6|8|8|E|
|INCOME AND ENDOWMENTS||||||||
|Donations
and legacies||||||||
|Donations||||50||50||
|Investment
income||||||||
|Rents received||||29,006||29,006|28,631|
|Other fixed asset Investment||||~128807||128807|126271|
|||||~157813||157813|~152902|
|Total Incoming resources||||157,883||157,863|152,902|
|EXPENDITURE||||||||
|Investment
management||costs||||||
|Investment
property|management||costs|5,741||5,741|23,208|
|Charitable
activities||||||||
|Grants to institutions||||96,779||96,779|107,733|
|Grants to individuals||||~26 855||~26855|~28 753|
|||||123,634||123,634|136,486|
|Support costs||||||||
|Management||||||||
|Administration||||10,759||10,759|9,161|
|Governance costs||||||||
|Independent
Examiners Fee||||1,200||1,200|1,200|
|Accounting
services|paid|to the||||||
|Independent
Examiner||||~2760||2,760|2220|
|||||~3960||3,960|3420|
|Total resources expended||||~144094||~144094|~172275|
|Net expenditure
before gains and losses||||13,769||13,769|(19,373)|
|Realised recognised|gains and||losses|||||
|Revaluation
gains/(losses)||on Investment||||||
|assets|||||~748 839|748839|~118621)|
|Net expenditure||||13789|~748839|~762 608|~137994)|