| Page | |
|---|---|
| Trustees' annual report |
|
| Independent examiner's report to the trustees |
|
| Statement offinancial activities | |
| Statement offinancial position |
|
| Notes to the financial statements | |
| The following page does not form part ofthe financial statements |
|
| Detailed statement offinancial activities |
15 |
| Reference and administrative | Reference and administrative | Reference and administrative | details | ||
|---|---|---|---|---|---|
| Registered | charity | name | The Pearn Charitable | Trust | |
| Charity registration | number | 203720 | |||
| Principal office | Pearn Day Centre | ||||
| Eggbuckland | Road | ||||
| Plymouth | |||||
| PL3 5JP | |||||
| The trustees | lan David Rawlings | ||||
| Gail Biddulph | |||||
| Dr Nicolas Ring | |||||
| Margaret Clinton |
|||||
| Brian Fisher | |||||
| Nigel Smith | |||||
| Independent | examiner | Peter Webb | FCA | ||
| Thomas Westcott LLP | |||||
| Plym House | |||||
| 3 Longbridge | Road | ||||
| Marsh Mills |
|||||
| Plymouth | |||||
| Devon | |||||
| PL6 8LT |
| Trustees Name |
Date Appointed | Term due to expire |
|---|---|---|
| lan David Rawlings | January 1990 | 18January 2026 |
| Gail Biddulph | November 2012 | 17September 2024 |
| Dr Nicolas Ring | December 2016 | 17September 2024 |
| Margaret Clinton |
October 1998 | 26 October 2022 |
| Brian Fisher | January 2018 | February 2026 |
| Nigel Smith | February 2018 | February 2026 |
| 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | 6 | 6 | ||||
| Income and endowments | ||||||
| Investment income |
4 | 52,391 | 52,391 | 49,318 | ||
| Rent receivable | 5 | 8,105 | 8,105 | 8,130 | ||
| Total income | 60,496 | 60,496 | 57,448 | |||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 8 | 41,762 | 41,762 | 31,968 | |
| Total expenditure | 41,762 | 41,762 | 31,968 | |||
| Net gains on investments | 9 | 147,336 | 147,336 | 289,062 | ||
| Net income and net movement | in funds | 166,070 | 166,070 | 314,542 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
2,199,237 | 2,199,237 | 1,884,695 | |||
| Total funds carried forward | 2,365,307 | 2,365,307 | 2,199,237 |
| 31 INarch 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Note | 6 | 6 | |||||||
| Fixed assets | |||||||||
| Investments | 13 | 2,310,234 | 2,062,898 | ||||||
| Current assets | |||||||||
| Debtors | 14 | 791 | 801 | ||||||
| Cash at bank and in | hand | 55,854 | 137,214 | ||||||
| 56,645 | 138,015 | ||||||||
| Creditors: amounts | falling | due within one | year | 15 | 1,572 | 1,676 | |||
| Net current assets | 55,073 | 136,339 | |||||||
| Total assets less current | liabilities | 2,365,307 | 2,199,237 | ||||||
| Net assets | 2,365,307 | 2,199,237 | |||||||
| Funds ofthe charity | |||||||||
| Unrestricted funds |
2,365,307 | 2,199,237 | |||||||
| Total charity funds | 16 | 2,365,307 | 2,199,237 | ||||||
| These financial statements |
were approved | by | b | rd of trustees | and | authorised for |
issue on 21 | ||
| July 2022 and are signed on behalf ofthe boar | y: | ||||||||
| I D Rawlings | |||||||||
| Trustee |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||||
| E | E | E | |||||||
| COIF | Charities | Investment | Fund | 52,389 | 52,389 | 49,301 | 49,301 | ||
| Bank | interest | receivable | 2 | 2 | 17 | 17 | |||
| 52,391 | 52,391 | 49,318 | 49,318 |
| Rent rece | iva | ble | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| E | |||||||
| Mannamead | Lawn Tennis Club | 3,163 | 3,163 | 3,163 | 3,163 | ||
| Assistant | At | Hand | 2,000 | 2,000 | 1,700 | 1,700 | |
| Maintenance | and Recharges | 2,942 | 2,942 | 3,267 | 3,267 | ||
| 8,105 | 8,105 | 8,130 | 8,130 | ||||
| Expenditure | on charitable | activities | by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| E | F | E | |||||
| Charitable | activities | 40,166 | 40,166 | 30,450 | 30,450 | ||
| Support costs | 1,596 | 1,596 | 1,518 | 1,518 | |||
| 41,762 | 41,762 | 31,968 | 31,968 |
| Analysis ofCharitable Activities |
||
|---|---|---|
| Total funds | Total fund | |
| 2022 | 2021 | |
| E | E | |
| Salaries &wages | 15,173 | 11,971 |
| Light &heat | 2,702 | 2,679 |
| Repairs &maintenance | 8,299 | 7,018 |
| Insurance | 1,827 | 1,571 |
| Postage and stationery | 251 | 231 |
| Legal and professional | 847 | |
| Telephone | 509 | 487 |
| Grants paid | 10,728 | 4,327 |
| Sundry expense | 20 | |
| Debtor write-off | (190) | 2,166 |
| 40,166 | 30,450 |
| Analysis | of | suppo | rt costs | |||
|---|---|---|---|---|---|---|
| Analysis of | ||||||
| support costs | Total 2022 | Total 2021 | ||||
| 6 | ||||||
| Independent | examination | 1,230 | 1,230 | 1,194 | ||
| Payroll costs | 342 | 342 | 324 | |||
| Accounts | & payroll | (over)/underprovision | 24 | 24 | ||
| 1,596 | 1,596 | 1,518 |
| 9. | Net gains on | investments | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| F | 5 | |||||||
| Gains/(losses) | on listed investments | 147,336 | 147,336 | 289,062 | 289,062 | |||
| 10. | Independent | examination | fees | |||||
| 2022 | 2021 | |||||||
| F | ||||||||
| Fees payable | to the independent | examiner for: | ||||||
| Independent | examination | ofthe | financial | statements | 1,230 | 1,194 |
| The tot | al sta | ff costs and employee benefits for t |
he reporting pediod are analysed as fol |
lows: |
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | ||||
| Wages | and | salaries | 15,173 | 11,971 |
| Investments | |
|---|---|
| Investment | |
| properties | |
| Cost or valuation | |
| At 1 April 2021 &31 March 2022 | 375,000 |
| Impairment | |
| At 1 April 2021 and 31 March 2022 | |
| Carrying amount |
|
| At 31 March 2022 | 375,000 |
| At 31 March 2021 | 375,000 |
| Listed investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation | |
| At 1 April 2021 | 1,687,898 |
| Additions | 100,000 |
| Fair value movements | 147,336 |
| 1,935,234 | |
| Impairment | |
| At 1 April 2021 and 31 March 2022 | |
| Carrying amount At 31 March 2022 |
1,935,234 |
| At 31 March 2021 | 1,935,234 |
| 14. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 8 | 8 | |||||
| Prepayments | and | accrued | income | 791 | 801 |
| Yea | r ended 31March | r ended 31March | r ended 31March | 2022 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 15. | Creditonn amounts |
falling due | within one year | |||||||
| 2022 | 2021 | |||||||||
| Accruals and | deferred | income | 1,572 | 1,676 | ||||||
| 16. | Analysis ofcharitable | funds | ||||||||
| Unrestricted | funds | |||||||||
| At | ||||||||||
| At | Gains and | 31 March 202 | ||||||||
| 1 April | 2021 | Income | Expenditure E |
losses F |
2 f |
|||||
| General funds | 2,199,237 | 60,496 | (41,762) | 147,336 | 2,365,307 | |||||
| At | ||||||||||
| At | Gains and | 31 March 202 | ||||||||
| 1 April | 2020 | Income | Expenditure | losses | 1 | |||||
| E | 8 | F | F | |||||||
| General funds | 1,884,695 | 57,448 | (31,968) | 289,062 | 2,199,237 | |||||
| 17. | Analysis ofnet assets | between | funds | |||||||
| Unrestricted | Total Funds | |||||||||
| Funds | 2022 | |||||||||
| F | 8 | |||||||||
| Tangible fixed | assets | 375,000 | 375,000 | |||||||
| Investments | 1,935,234 | 1,935,234 | ||||||||
| Current assets | 56,645 | 56,645 | ||||||||
| Creditors less | than | 1 year | (1,572) | (1,572) | ||||||
| Net assets | 2,365,307 | 2,365,307 | ||||||||
| Unrestricted | Total Funds | |||||||||
| Funds | 2021 | |||||||||
| E | 8 | |||||||||
| Tangible fixed | assets | 375,000 | 375,000 | |||||||
| Investments | 1,687,898 | 1,687,898 | ||||||||
| Current assets | 138,015 | 138,015 | ||||||||
| Creditors less | than | 1 year | (1,676) | (1,676) | ||||||
| Net assets | 2,199,237 | 2,199,237 |