| Page | |||
|---|---|---|---|
| Trustees' annual report |
|||
| Independent examiner's report |
to the trustees | ||
| Statement of financial |
activities | ||
| Statement of financial |
position | ||
| Notes to the financial | statements | ||
| The following pages |
do not form part of the financial statements | ||
| Detailed statement of |
financial | activities | 13 |
| Registered | charity | name | The Pearn Charitable | The Pearn Charitable | Trust |
|---|---|---|---|---|---|
| Charity registration | number | 203720 | |||
| Principal office | Pearn House | ||||
| Eggbuckland | Road | ||||
| Plymouth | |||||
| PL3 5JP | |||||
| The trustees | lan David Rawlings | ||||
| Gail Biddulph | |||||
| Dr Ring | |||||
| Margaret Clinton |
|||||
| Brian Fisher | |||||
| Nigel Smith | |||||
| Independent | examiner | Peter Webb | FCA | ||
| Westcotts (SW) LLP | |||||
| Plym House | |||||
| 3 Longbridge | Road | ||||
| Marsh Mills |
|||||
| Plymouth | |||||
| Devon | |||||
| PL6 8LT |
| with their date of appointment a |
nd the expiry date oftheir current term | s, are listed below:— |
|---|---|---|
| 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 2026 |
| Brian Fisher | January 2018 | February 2026 |
| Nigel Smith | February 2018 | February 2026 |
| 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | ||||||
| Income and endowments | ||||||
| Rent receivable | 4,494 | 4,494 | 8,105 | |||
| Investment income |
54,145 | 54,145 | 52,391 | |||
| Total income | 58,639 | 58,639 | 60,496 | |||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 6,7 | 103,150 | 103,150 | 41,762 | |
| Total expenditure | 103,150 | 103,150 | 41,762 | |||
| Net (losses)/gains | on investments | 9 | (73,231) | (73,231) | 147,336 | |
| Net (expenditure)/income | and net movement | in funds | (117,742) | (117,742) | 166,070 | |
| Reconciliation of |
funds | |||||
| Total funds brought | forward | 2,365,307 | 2,365,307 | 2,199,237 | ||
| Total funds carried forward | 2,247,565 | 2,247,565 | 2,365,307 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Investments | 13 | 2,237,003 | 2,310,234 | ||
| Current assets | |||||
| Debtors | 14 | 791 | 791 | ||
| Cash at bank and | in | hand | 11,462 | 55,854 | |
| 12,253 | 56,645 | ||||
| Creditors: amounts | falling due within one year | 15 | 1,691 | 1,572 | |
| Net current assets | 10,562 | 55,073 | |||
| Total assets less | current liabilities | 2,247,565 | 2,365,307 | ||
| Net assets | 2,247,565 | 2,365,307 | |||
| Funds ofthe charity | |||||
| Unrestricted funds |
2,247,565 | 2,365,307 | |||
| Total charity funds | 16 | 2,247,565 | 2,365,307 |
| Rent rec | eiva | ble | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Mannamead | Lawn | Tennis Club | 3,163 | 3,163 | 3,163 | 3,163 | |
| Assistant | At | Hand | 2,000 | 2,000 | |||
| Maintenance | and | Recharges | 1,331 | 1,331 | 2,942 | 2,942 | |
| 4,494 | 4,494 | 8,105 | 8,105 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |||
| Bank | interest receivable | 4 | 4 | 2 | 2 | |
| Other | investment | income | 54,141 | 54,141 | 52,389 | 52,389 |
| 54,145 | 54,145 | 52,391 | 52,391 |
| 6. | Expenditu | re on charit |
able activities |
by fund type | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Charitable | activities | 101,465 | 101,465 | 40,166 | 40,166 | ||
| Support costs | 1,685 | 1,685 | 1,596 | 1,596 | |||
| 103,150 | 103,150 | 41,762 | 41,762 | ||||
| 7. | Analysis | of charitable | activities |
| 7. | Analysis of | c | harita | ble a |
ctivitie | s | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total funds | Total fund | ||||||||||
| 2023 | 2022 | ||||||||||
| Salaries and | wages | 14,466 | 15,173 | ||||||||
| Light and heat | 6,245 | 2,702 | |||||||||
| Repairs & maintenance | 23,121 | 8,299 | |||||||||
| Insurance | 2,054 | 1,827 | |||||||||
| Postage and | stationery | 620 | 251 | ||||||||
| Telephone | 598 | 509 | |||||||||
| Grants paid | 53,804 | 10,728 | |||||||||
| Sundry expense | 245 | 20 | |||||||||
| Debtor write-off | (190) | ||||||||||
| Legal and professional | 312 | 847 | |||||||||
| 101,465 | 40,166 | ||||||||||
| 8. | Analysis of | support costs | |||||||||
| Analysis | of | ||||||||||
| support costs | Total 2023 | Total 2022 | |||||||||
| Finance costs | 1,319 | 1,319 | 1,230 | ||||||||
| Payroll costs | 366 | 366 | 342 | ||||||||
| Support costs | —over/under | provision | 24 | ||||||||
| 1,685 | 1,685 | 1,596 | |||||||||
| 9. | Net (losses)/gains | on investments | |||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2023 | Funds | 2022 | ||||||||
| R | |||||||||||
| Gains/(losses) | on listed investments | (73,231) | (73,231) | 147,336 | 147,336 | ||||||
| 10. | Independent | examination | fees | ||||||||
| 2023 | 2022 | ||||||||||
| Fees payable | to the | independent | examiner for: | ||||||||
| Independent | examination | ofthe | financial | statements | 1,325 | 1,230 |
| 13. | received by t Investments |
he truste | es. | |||
|---|---|---|---|---|---|---|
| Listed | Investment | |||||
| investments | properties | Total | ||||
| Cost or valuation | ||||||
| At 1 April 2022 | 1,935,234 | 375,000 | 2,310,234 | |||
| Additions | ||||||
| Fair value movements | (73,231) | (73,231) | ||||
| At 31 March | 2023 | 1,862,003 | 375,000 | 2,237,003 | ||
| Impairment | ||||||
| At 1 April 2022 and 31 March 2023 | ||||||
| Carrying amount |
||||||
| At 31 March | 2023 | 1,862,003 | 375,000 | 2,237,003 | ||
| At 31 March 2022 | 1,935,234 | 375,000 | 2,310,234 | |||
| All investments | shown above are held at valuation. | |||||
| 14. | Debtors | |||||
| 2023 | 2022 | |||||
| Prepayments | and accrued income | 791 | 791 | |||
| 15. | Creditors: amounts | falling due within one year | ||||
| 2023 | 2022 | |||||
| F | ||||||
| Accruals and | deferred | income | 1,691 | 1,572 |
| Gains and | At | ||||||
|---|---|---|---|---|---|---|---|
| At | 1 Apr 2022 | Income | Expenditure | losses | 31 Mar 2023 | ||
| General | funds | 2,365,307 | 58,639 | (103,150) | (73,231) | 2,247,565 | |
| Gains and | At | ||||||
| At | 1 Apr 2021 | Income | Expenditure | losses | 31 Mar 2022 | ||
| General | funds | 2,199,237 | 60,496 | (41,762) | 147,336 | 2,365,307 |
| Analysis | of net as | sets between funds | ||
|---|---|---|---|---|
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| Tangible | fixed assets | 375,000 | 375,000 | |
| Investments | 1,862,003 | 1,862,003 | ||
| Current | assets | 12,253 | 12,253 | |
| Creditors | less than | 1 year | (1,691) | (1,691) |
| Net assets | 2,247,565 | 2,247,565 | ||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| Tangible | fixed assets | 375,000 | 375,000 | |
| Investments | 1,935,234 | 1,935,234 | ||
| Current | assets | 56,655 | 56,655 | |
| Creditors | less than | 1 year | (1,572) | (1,572) |
| Net assets | 2,365,317 | 2,365,317 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Income and endowments | |||||
| Rent receivable | 4,494 | 8,105 | |||
| Investment income |
|||||
| Bank interest receivable | 4 | 2 | |||
| Other investment | income | 54,141 | 52,389 | ||
| 54,145 | 52,391 | ||||
| Total income | 58,639 | 60,496 | |||
| Expenditure on charitable |
activities | ||||
| Activity | |||||
| Activities undertaken | directly | ||||
| Salaries and wages | 14,466 | 15,173 | |||
| Light and heat | 6,245 | 2,702 | |||
| Repairs & maintenance |
23,121 | 8,299 | |||
| Insurance | 2,054 | 1,827 | |||
| Postage and stationery | 620 | 251 | |||
| Telephone | 598 | 509 | |||
| Grants paid |
53,804 | 10,728 | |||
| Sundry expense | 245 | 20 | |||
| Debtor write-off | (190) | ||||
| Legal and professional | 312 | 847 | |||
| 101,465 | 40,166 | ||||
| Support costs | |||||
| Accounts | 1,319 | 1,230 | |||
| Payroll fees | 366 | 342 | |||
| Accounts & Payroll |
over/underprovision | 24 | |||
| 1,685 | 1,596 | ||||
| Expenditure on charitable |
activities | 103,150 | 41,762 | ||
| Total expenditure | 103,150 | 41,762 | |||
| Net (losses)/gains | on investments | ||||
| Gains/(losses) on |
listed | investments | (73,231) | 147,336 | |
| Net (expenditure)/income | (117,742) | 166,070 |