|Contents||||
|---|---|---|---|
|Reference and administrative||information||
|Report ofthe trustee|||2-4|
|independentauditors|report||5-7|
|Statement ofgnancial|activities|||
|Balance sheet||||
|Statement ofcash flows|||10|
|Notes forming part of|the Rnandal statements||11-17|
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|||Nates|Unrestrided|Restridad|Endowment|Tcnal|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|2022|2021|
||||E|E|E|E|6|
|Inaome and ewbwmwds|from:|||||||
|Donadons and grants||||0|0|1,600|350,500|
|ChaNable
activities:||||||||
|Residents' mnuibutians|||0||55,042|55,042|54513|
|Investment
inmme|||529||11156|11,685|16~6|
|Saleofland|||0||8302I50|830W0|0|
|Other income|||0||0|0|4,150|
|Toia Iinmming
msources|||2,129|0|897P4B|899,177|425.699|
|Exenncgtore||||||||
|Castafraising funds||||||||
|Investment
management|costs||146|0|3,238|3,384|5,228|
|ChargaNe acgvNes:||||||||
|Poland
House expenses|||0|0|85,543|85,543|72.685|
|ERF expendnure|||0|0|15xt50|15+50|9,579|
|Amenily
land expenses|||0|0|32I19|3209|3,895|
|Poland Fund grants|||4410|0|0|4510|97I80|
|Costofland sales|||0|0|90,587|90,587|0|
|Poland Meadow expenses|||0|0|16,463|16/63|0|
|Tais Iexpenditure
Net income(~)before
investment
gains
(losses)|||4656
(2527)|0
0|215,100
681948|219,756
679&I21|100.867
324,832|
|Net gains (lasses) on investments|||(1,668)|0|(37359)|(38,927)|141,383|
|Net income
(expenditure)|||(4495)|0|644188|640xt94|466315|
|Transfers between funds|||(54rt96)|0|547I96|0||
|Net movement
wfunds|||(58AI91)|0|699,185|640494|466,215|
|Total funds bravghtfmward|||100004|106,775|232xL513|2431292|1965g77|
|Total funch carrhdfcaward|||41313|106,775|~23,698|3)I72„786|2,431392|
##
|||||Notes|Unrestrkted|Restrkaad|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|2022|2021|
||||||6|6|6|6|6|
|Fixed assets||||||||||
|Tangible assets||||10|3072RRI|106,775|2„ri632I37|3378,416|1,663536|
|Investments|||||5,298|0|242 r)79|248,277|540,115|
|Totalgxed assets|||||313,102|106,775|37062I16|3AI26,693|2,203,651|
|Current assets||||||||||
|Cash at bank|||||52,194|0|0|52,194|606,214|
|Deposits held|||||0|0|59326|59326|48400|
|Prepayments
Amount due to|Endowment||Fund||0
0|0
0|1,494
263 209
tr494
263209,||0
898,502|
|Tots Itune n't assets|||||52,194|0|324,029|376,223|1,553,216|
|Creditors: amounts||falling due within||||||||
|one year||||12|60,774|0|6308|66rRI2|67,073|
|Amount due by|Reserve Fund||||263,209|0|0|263,209|898,502|
|Net current assets||(frabig6es)|||(271,789)|0|317,821|46432|587,641|
|Deferred gabgldes||||||||||
|Poland Meadow|grants|||||0|5402)00|540,000|360,000|
|Poland Meadow|retentions|||||0|60839|60,939|0|
|Total net asseh|||||41313|106,775|2923,698|3P71,786|2,431,292|
|Funds||||||||||
|Endowment
Fund|||||0|0|2,923,698|2823,698|2,224,513|
|Restricted funds:||||||||||
|Peddell Fund|||||0|106,775|0|106775|106775|
|Unmstricted
funds:||||||||||
|Contingency
Fund|||||301IOO||0|30,000|30,000|
|Extraordinary|Repair Fund||||SOWO||0|50,000|50,000|
|Housing
Fund|||||0||0|0|0|
|Reserve Fund|||||(38,687)||0|(38,687)|202)04|
||||||41313|106,775|2rf232)98|3.071.786|2431,292|
##
|||Total|Total|
|---|---|---|---|
|||2022|2D21|
|Netcashusedinoperadngacgviges|20|(814389)|(90,920}|
|Cash Saws from investkrg acdvides:||||
|interest and dividends||1L685|16436|
|Purchase offeed awels||(1795178)|1553574)|
|Saleoftangible fixed assets||9102I50|0|
|Purchase ofinvesaoems||(47,725)|0|
|Proceeds from sale ofinvestments||300W7|870,941|
|Netcash provided by kwesdng acgviges||(619,731)|333,903|
|Cash Saws frmn Snandng awMSesr||||
|Grant from Male Vagay Distnct Coundl||280722)|360,000|
|Net cash providedby
Snandng acgvtges||180260|3602)00|
|Change in cashatbank Inthe year||(554,020)|602,983|
|Cash atbank bmugin fmwanl||Etgx214|3&1|
|Cash atbank carrkut forward||52,194|606,214|
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Investment|inmme|||Dividends -|UKeqrdges|10743|1A979|
|||||Dividends -|Overseas equities|lr414|Sr440|
|||||Intemst on cash deposgs||28|117|
|||||||11ASS|16~|
|Charitable|acgvlges|||Residents' mntribubans||55,042|54,513|
|||||Saleofland||8302ISO|0|
|4.Costdraising|funds|||||2022|2021|
|||||||6|6|
|Invesbnent|management||fees|||3384|5328|
|5.Analysis afcharbalde acgvtgas||||||2022|2021|
|||||||E|6|
|(harbatrie|acbvtges funded by endowment|||||||
||Poland|House||Wardens'salary||19593|18847|
|||||Wardens' expenses||1300|650|
|||||Communily|alarm|3,802|3473|
|||||Water rates||3A89|3,940|
|||||Electricity and gas||13346|12ASS|
|||||Insurance||1330|1,354|
|||||Repairs and|renewals|19,710|14,898|
|||||Garden maintenance
Governance||10,110|9,141|
|||||Sundry expenses||4,782|1r408|
|||||Depredadon||297|396|
||||||costs|7,284|5520|
||Polandbaeadow|||Costof land|sales|90W7|0|
|||||Other expenses||16A63|0|
|||||||192,593|72,685|
||Other|||Amenity
land||SA19|32I95|
|Charitable|acbvities funded by u vstricted funds|||||||
||Other|||ERFexpenditure||15450|9,579|
|||||Poland fund|granls tuindlviduals|4410|7.980|
|||||Poland fund|grants toInsdtudons|0|1,500|
|||||||19rRID|19,059|
|||||touche||||
|6.Agocatbm af|gavernanae|casts|||||2021|
||||||||6|
|Stationery|and telephone|||||1,148|1320|
|Auditfees||||||6,136|4,300|
|||||||7284|5420|
##
|The average number ofemployees|The average number ofemployees|during the year was 2(2021:2)|during the year was 2(2021:2)|during the year was 2(2021:2)|with a&employee|with a&employee||
|---|---|---|---|---|---|---|---|
|time involved in provkfing|support services tochar&able acdvlges.|||||||
|Noemployee received emoluments||oremployee|benefits in|excess|of6602IDD|(2021:0)||
|8.Grantmaklng||||||2022|2021|
|||||||6|6|
|Grants made in acmrdance|with the objedives ofthe charity|||||M10|9,480|
|9.Ccmamagves far the Staiamerd ofFlnandal Aahrlges||||||Endawment 0||
|||||Unrestrhted||Ressicted|Total|
||||||funds|funds|funds|
||||||6|6|6|
|Income and endowmesns|fram:|||||||
|Donations|||||500|3507NO|350,500|
|Otherincome|||||4,150|0|4,150|
|Charitable
activMes:||||||||
|Residenss' mntributions|||||0|54413|54,513|
|Investment
income|||||3,202|13334|16,536|
|Total incoming msouuns|||||72I52|4172PI7|425599|
|Experuguue||||||||
|Costof reign&funds||||||||
|Investment
management|costs||||(1244)|(3,9&4)|(5,22&)|
|Charitable adivigesi||||||||
|Poland House expenses|||||0|(72,685)|(72Ai&5)|
|ERFexpendhum|||||0|(9479)|(9479)|
|Amenily
land expenses|||||0|(32I95)|(3,895)|
|Poland Fund grants|||||(9,4&D)|0|(9/1&0)|
|Tote Iexpenditure|||||[10,724)|(90g43)|(100,867)|
|Net income (expendhure)|before|||||||
|bwesunent
gams
(losses)|||||(22I72)|327,704|32Q82|
|Net gaIns (losses) on investments||||||106,779|141,383|
|Net incame (expenditure)|||||31,732|43470)3|466,215|
|Transfers between funds|||||(373,753)|373,753|0|
||||||(342,022)|&IR(236|466315|
|Tote Ifunds bmught forward|||||442525|14231)52|1r)65,077|
|Total funds carried forward|||||100~|M&1~|2,43~92|
|10.Tanggrie fared assets|||||||
|---|---|---|---|---|---|---|
||||tend gl|Furnitwe 8||Total|
||||bugrgxtw|epripnwnt||E|
|Cast|||f||6||
|At1stJuly 2021|||1,662W9||13,696|1,676J)45|
|Addigons|||1,795,178||0|1,795,178|
|Sales|||(80,000)||0|(80,000)|
|At 30th June 2022|||3377527||13,696|3391.223|
|Depredadrm|||||||
|At1stJuly 2021|||||12510|12,510|
|Charge forthe year|||||297|297|
|At 30th June 2022||||0|12807|12,807|
|Net bosk vakw|||||||
|At30hJune 2022|||3377527||889|3378r416|
|At30hJune 2021|||1,662349||1,187|11)63,536|
|11.Invesbnents||||||2021|
||||||E|E|
|Maricetvalue
at1stiuly 2021|||||540816|4269,672|
|Acquisitions atmst|||||47,725|0|
|Tmnsiels|||||(133,756)|(273/138)|
|Retained income|||||(3JISS)|(5,788)|
|Sales proceeds from disposals|||||(163326)|(591,715)|
|Gain (loss) in the year|||||(38r)27)|141385|
|Marketvalue
at30th June 2022|||||248277|540,116|
|Investments
at mark et value||comprised:|||||
|UKequiges|||||193,123|315,193|
|Overseas equities|||||46,618|78,983|
|COIF Owrities Investment|Fund||||0|1,124|
|COIF Charities Fixed Interest||Fund||||0|
|Cash deposits|||||3238||
|COIF Chanlies Deposit Fund|||||5,298|144,133|
||||||248,277|540,116|
|12.Credgorru amounts faing due||whhin ane year|||2022|2021|
|Accruals|||||E6~|f
6,304|
|Held in custody forSidney Michael Poland Charity no. 200254|||||60,774|60,769|
||||||66882|67,073|
|During the year the charity was custodian ofthe assets ofSidney Michael||||Poland Charity.|||
|After additum ofinterest due and deducgon ofdisbursements|||farits chargable purposes the||||
|balance ofassets at30th June||2022was E60,774(2021f60,769).This isrepresented|||in||
|these accounts by invesunents||in the COIF Charities Deposit Fund and the||COIF Fixed|||
|Interest Fund.|||||||
##
|nalysis ofcharhai|rie
funds|rie
funds|||
|---|---|---|---|---|
|Analysis of|Balance
Incame
Xpendhuu e
Transfms
Gains and
losses|||funds
c/fwd|
|fund
mavemenls|b/fwd
E
E
E
6|E||E|
|Permanerri
endowment|2,224413
897,048
(215,100)
54r496|(37~9)|2B23NS||
|Resaicmd
fund|106,775
0|0||106,775|
|Unrestricsed
fund|100,004
2,129
(4,656)
(54ri96)|(1/i68)||41,313|
|Total|2r431292
899,177
(219,756)
0|(38ri27)||3P71,786|
|Analysis af charitable funds -previous year|||||
|Analysb af|Balance
Income
Expend Bure
Transfers|rains and
knees||Funds
c/fwd|
|fund
avemeerW|b/fwd
E
E
E
6|E||6|
|Permanent
endowment|1,416277
417,847
(90,143)
373,753|106,779||2,224513|
|Resatcted
fund|106,775
0||0|106,775|
|Unrestricted
fund|442/I25
7/I52
(10,724)
(373,753)|34,604|||
|Total|1965,077
425/I99
(100/)67)
0|141,383||2/I31292|
|Unrestrktad
funds comprise those funds which the trustee isfreetouse in
accanlance with the charitable
objects. The unrestrided
funds are the Contingency
Fund,
the Extreonlinary
Repair Fund The Housing Fund and the Poland Fund. The Extraordinary
Repair Fund istoprovide suffirient funds tomaintain
and refurbish the buildings
cern prising
Poland House, Indudlng the Peddeg Wing, atthe appmpriate
times. The Poland Fund isfor
the regef ofbenehdaries
in need, hardsh'Ip
or distress. The Building Fund has been
established tofund any locaIneeds housing which the charity may prrxiide inthe fulure.|||||
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