| Page | |
|---|---|
| Report ofthe Trustees | 1 to 3 |
| Statement ofTrustees' Responsibilities | |
| Report ofthe Independent Auditors |
5 to 8 |
| Statement ofFinancial Activities | |
| Balance Sheet | 10 to 11 |
| Notes tothe Financial Statements | 12 to 22 |
| Detailed Statement ofFinancial Activities | 23 to 24 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||
| Notes | fund 6 |
funds f |
funds | funds f |
funds | ||||
| INCOME AND | |||||||||
| ENDOWMENTS | FROM | ||||||||
| Donations and legacies |
2 | 19,300 | 19,300 | ||||||
| Charitable activities |
4 | ||||||||
| Property Fund |
72,283 | 72,283 | 65,589 | ||||||
| Investment income |
3 | 842 | 1,435 | 10,467 | 12,744 | 11,077 | |||
| Total | 92,425 | 1,435 | 10,467 | 104,327 | 76,666 | ||||
| EXPENDITURE | ON | ||||||||
| Charitable activities |
5 | ||||||||
| Property Fund |
54,564 | 54,564 | 69,083 | ||||||
| Charity Fund |
30,001 | 375 | 30,376 | 13,588 | |||||
| Total | 84,565 | 375 | 84,940 | 82,671 | |||||
| Net gains/(losses) investments |
on | ~517) | ~5,160) | ~20,351) | ~26,028) | 37,182 | |||
| NET | |||||||||
| INCOME/(EXPENDITURE) Transfers between funds |
19 | 7,343 9,922 |
(4,100) ~t,t 70) |
(9,884) ~8,752) |
(6,641) | 31,177 | |||
| Net movement | in | funds | 17,265 | (5,270) | (18,636) | (6,641) | 31,177 | ||
| RECONCILIATION | OF | ||||||||
| FUNDS | |||||||||
| Total funds brought | |||||||||
| forward | 270,317 | 74,313 | 310,857 | 655,487 | 624,310 | ||||
| TOTAL FUNDS | CARRIED | ||||||||
| FORWARD | 287,582 | 69,043 | 292,221 | 648,846 | 655,487 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| fund | funds | funds | funds | funds | ||
| Notes | E | 8 | F | f | 6 | |
| FIXEDASSETS | ||||||
| Tangible assets | 11 | 70,005 | 70,005 | 72,598 | ||
| Investments | 12 | 63,230 | 248,003 | 311,233 | 335,143 | |
| 70,005 | 63,230 | 248,003 | 381,238 | 407,741 | ||
| CURRENT ASSETS | ||||||
| Debtors | 13 | 2,522 | 2,522 | 913 | ||
| Investments | 14 | 51,612 | 3,142 | 44,218 | 98,972 | 79,418 |
| Cash at bank | 233,695 | 2,671 | - | 236,366 | 239,606 | |
| 287,829 | 5,813 | 44,218 | 337,860 | 319,937 | ||
| CREDITORS | ||||||
| Amounts falling due within |
||||||
| one year | 15 | (13,924) | (13,924) | (15,120) | ||
| NET CURRENT ASSETS | 273,905 | 5,813 | 44,218 | 323,936 | 304,817 | |
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 343,910 | 69,043 | 292,221 | 705,174 | 712,558 | |
| CREDITORS | ||||||
| Amounts falling due after |
||||||
| more than one year | 16 | (56,328) | (56,328) | (57,071) | ||
| NET ASSETS | 287,582 | 69,043 | 292,221 | 648,846 | 655,487 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | E | ||||||
| Grants | 19,300 | ||||||
| Grants received, | included | in the above, are as follows: | |||||
| 2022 | 2021 | ||||||
| 6 | 5 | ||||||
| Henry Smith's | Charity | 19,300 | |||||
| 3. | INVESTMENT | INCOME | |||||
| 2022 | 2021 | ||||||
| F | |||||||
| Fixed asset investment | income | 10,156 | 9,498 | ||||
| Deposit account | interest | 332 | 185 | ||||
| Current asset | investment | income | 2,256 | 1,394 | |||
| 12,744 | 11,077 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Property | Total | |||
| Fund | activities | |||
| L | ||||
| Maintenance | contributions | 72,268 | 65,182 | |
| Laundry | contributions | 15 | 50 | |
| Internet | contributions | 357 | ||
| 72,283 | 65,589 |
| Grant | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funding | of | |||||||||
| activities | Support | |||||||||
| Direct | (see note | costs (see | ||||||||
| Costs | 6) | note 7) f |
Totals 6 |
|||||||
| Property | Fund | 50,102 | 4,462 | 54,564 | ||||||
| Charity | Fund | 4,217 | 24,586 | 1,573 | 30,376 | |||||
| 54,319 | 24,586 | 6,035 | ~84 940 | |||||||
| 6. | GRANTS PAYABLE | |||||||||
| 2022 | 2021 | |||||||||
| f | f | |||||||||
| Charity | Fund | 24,586 | 7,190 | |||||||
| The total | grants | paid to institutions | during the year was as follows: | |||||||
| 2022 | 2021 | |||||||||
| 9 | ||||||||||
| Andover | Baptist | Church | 250 | |||||||
| St. Mary's Church | 250 | 540 | ||||||||
| The Valley Church | 250 | |||||||||
| Picket Twenty Church | 250 | |||||||||
| 1,000 | 540 |
| Governance | ||||||||
|---|---|---|---|---|---|---|---|---|
| costs | ||||||||
| f | ||||||||
| Property | Fund | 4,462 | ||||||
| Charity | Fund | 1,573 | ||||||
| 6035 | ||||||||
| Support | costs, included | in the | above, | are as follows: | ||||
| Governance costs | ||||||||
| 2022 | 2021 | |||||||
| Property | Charity | Total | Total | |||||
| Fund | Fund | activities | activities | |||||
| f | f | f | ||||||
| C(erks' fees | 942 | 464 | 1,406 | 1,612 | ||||
| Auditor's | remuneration | 2,251 | 1,109 | 3,360 | 3,120 | |||
| Legal and professional | fees | 1,269 | 1 269 | 969 | ||||
| 4,462 | 1,573 | 6,035 | 5,701 | |||||
| AUDITORS' REMUNERATION | ||||||||
| 2022 f |
2021 f |
|||||||
| Fees payable to the charity's | auditors | for the audit ofthe | ||||||
| charity's | financial statements | 3,360 | 3,120 | |||||
| TRUSTEES' REMUNERATION | AND | BENEFITS |
| 2022 f |
2021 | ||
|---|---|---|---|
| Clerks' | fees | 14,056 | 16,120 |
| 11. | TANGIBLE FIXE | DASSETS | ||
|---|---|---|---|---|
| Freehold | ||||
| property | ||||
| COST | ||||
| At 1 January 2022 and | ||||
| 31 December 2022 | 129,644 | |||
| DEPRECIATION | ||||
| At 1 January 2022 | 57,046 | |||
| Charge for year | 2,593 | |||
| At 31 December | 2022 | 59,639 | ||
| NET BOOK VALUE | ||||
| At 31 December | 2022 | 70,005 | ||
| At 31 December | 2021 | 72,598 | ||
| 12. | FIXEDASSET INVESTMENTS | |||
| 2022 | 2021 | |||
| f | f | |||
| Shares | 287,056 | 311,200 | ||
| COIF Deposits/Other | 24,177 | 23,943 | ||
| 311,233 | 335,143 |
| Additional information as follows: |
|
|---|---|
| Listed | |
| investments | |
| 6 | |
| MARKET VALUE | |
| At 1 January 2022 | 311,200 |
| Revaluations | ~24,144) |
| At 31 December 2022 | 287,056 |
| NET BOOK VALUE | |
| At 31 December 2022 | ~287 056 |
| At 31 December 2021 | 311,200 |
| Investmen | ts (neith |
er list | ed nor unlisted) were as follows: | |||
|---|---|---|---|---|---|---|
| 2022 6 |
2021 f |
|||||
| Valuation | brought | forward | 23,943 | 23,941 | ||
| Additions | 234 | 2 | ||||
| 24,177 | 23,943 | |||||
| 13. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| F | E | |||||
| Debtors | 421 | |||||
| Prepayments | 2,522 | 492 | ||||
| 2,522 | 913 |
| CURR | ENT ASSET INVESTMENTS | ||
|---|---|---|---|
| 2022 F |
2021 f |
||
| Listed | investments | 48,147 | 48,318 |
| Other | 50,825 | 31,100 | |
| 98,972 | 79,418 |
| Additional information as follows: |
|
|---|---|
| Listed | |
| investments | |
| 8 | |
| MARKET VALUE | |
| At 1 January 2022 | 48,318 |
| Additions | 1,715 |
| Revaluations | ~1,886) |
| At 31 December 2022 | 48,147 |
| NET BOOK VALUE | |
| At 31 December 2022 | 48,147 |
| At 31 December 2021 | 48,318 |
| Investmen | ts (neith |
er listed nor unlisted) were as | follows: | |
|---|---|---|---|---|
| 2022 f |
2021 f |
|||
| Valuation Additions |
brought | forward | 31,100 19,725 |
35,097 3 |
| Withdrawals | ~4,000) | |||
| 50,825 | 31,100 |
| 15. | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING DUE | FALLING DUE | WITHIN ONE YEAR | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f | E | |||||
| Bank loans | and overdraRs | (see note 17) | 6,491 | 6,491 | ||
| Trade creditors | 3,415 | 5,214 | ||||
| Accrued expenses | 4,018 | 3,415 | ||||
| 13,924 | 15120 | |||||
| 18. | CREDITORS: AMOUNTS | FALLING DUE | AFTER MORE THAN ONE YEAR | |||
| 2022 | 2021 | |||||
| 8 | ||||||
| Bank loans | (see note 17) | 56,328 | 57,071 | |||
| 17. | LOANS | |||||
| An analysis | ofthe maturity | of | loans is given below: | |||
| 2022 | 2021 | |||||
| 8 | 8 | |||||
| Amounts falling due within |
one year on demand'. | |||||
| Mortgages | 6,491 | 6,491 | ||||
| Amounts falling between one |
and two years: | |||||
| Mortgages | - 1-2years | 6,491 | 6,491 | |||
| Amounts falling due between |
two and five | years, | ||||
| Mortgages | -2-5 years | 19,473 | 19,473 | |||
| Amounts falling due in more than five years: |
||||||
| Repayable | by instalments: | |||||
| Mortgages | - &5yrs | 30,364 | 31,107 | |||
| 18. | SECURED | DEBTS | ||||
| The following secured debts are included |
within creditors: | |||||
| 2022 f |
2021 8 |
|||||
| Bank loans | 62,819 | 63,562 |
| MOVEMENT | IN FUNDS | ||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.1.22 | in funds | funds | 31.12.22 | ||
| 6 | E | ||||
| Unrestricted | funds | ||||
| General fund |
270,317 | 7,343 | 9,922 | 287,582 | |
| Restricted funds | |||||
| Knights Enham and Smannell |
|||||
| Charities | 50,370 | (4,334) | (1,170) | 44,866 | |
| Mrs Allderidge | Legacy | 3,876 | 38 | 3,914 | |
| Borsberry repairs and maintenence | 20,067 | 196 | 20,263 | ||
| 74,313 | (4,100) | (1,170) | 69,043 | ||
| Endowment | funds | ||||
| Designated reserve TW Redman Legacy |
284,513 26,344 |
(10,075) 191 |
(7,740) ~1,012) |
266,698 25,523 |
|
| 310,857 | ~9,884) | ~8,752} | 292,221 | ||
| TOTAL FUNDS | 655,487 | (6,641) | 648,846 |
| Net movement | in funds, included in th |
e above are as | follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| F | |||||
| Unrestricted | funds | ||||
| General fund |
92,425 | (84,565) | (517) | 7,343 | |
| Restricted funds | |||||
| Knights Enham and Smannell |
|||||
| Charities | 1,201 | (375) | (5,160) | (4,334) | |
| Mrs Allderidge | Legacy | 38 | 38 | ||
| Borsberry repairs and maintenence | 196 | 196 | |||
| 1,435 | (375) | (5,160) | (4,100) | ||
| Endowment | funds | ||||
| Designated reserve TW Redman Legacy |
9,455 1,012 |
(19,530) ~821) |
(10,075) 191 |
||
| 10,467 | ~20,351) | 9,884 | |||
| TOTAL FUNDS | 104,327 | ~84,940) | ~26,028) | ~6,641) |
| Comparatives | for movement in fun |
ds | |||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.1.21 | in funds f |
funds 9 |
31.12.21 6 |
||
| Unrestricted | funds | ||||
| General fund |
278,111 | (16,150) | 8,356 | 270,317 | |
| Restricted funds | |||||
| Knights Enharn and Smannell |
|||||
| Charities | 43,839 | 6,531 | 50,370 | ||
| Mrs Allderidge | Legacy | 3,876 | 3,876 | ||
| Borsberry repairs and maintenence | ~20 065 | 2 | 20,067 | ||
| 67,780 | 6,533 | 74,313 | |||
| Endowment | funds | ||||
| Designated reserve TW Redman Legacy |
254,251 24,168 |
37,664 3,130 |
(7,402) ~954) |
284,513 26,344 |
|
| 278,419 | 40,794 | ~8,356) | 310,857 | ||
| TOTAL FUNDS | 624,310 | ~31 177 | 655,487 |
| Comparative | net movement in funds, |
included in the |
above are as | follows: | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources 6 |
expended E |
losses f |
in funds 8 |
|||
| Unrestricted | funds | |||||
| General fund | 65,891 | (82,596) | 555 | (16,150) | ||
| Restricted | funds | |||||
| Knights Enham and Smannell |
||||||
| Charities | 1,140 | (75) | 5,466 | 6,531 | ||
| Borsberry repairs and maintenence | 2 | 2 | ||||
| 1,142 | (75) | 5,466 | 6,533 | |||
| Endowment | funds | |||||
| Designated | reserve | 8,679 | 28,985 | 37,664 | ||
| TW Redman | Legacy | 954 | 2,176 | 3,130 | ||
| 9,633 | 31,161 | 40,794 | ||||
| TOTAL FUNDS | 76,666 | ~82,671) | 37,182 | 31,177 |
| FOR THE YEAR ENDED 31 D | ECEMBER 2022 | ||
|---|---|---|---|
| 2022 f |
2021 6 |
||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Grants | 19,300 | ||
| Investment income |
|||
| Fixed asset investment | income | 10,156 | 9,498 |
| Deposit account interest | 332 | 185 | |
| Current asset investment | income | 2,256 | 1 394 |
| 12,744 | 11,077 | ||
| Charitable activities |
|||
| Maintenance contributions |
72,268 | 65,182 | |
| Laundry contributions |
15 | 50 | |
| Internet contributions | 357 | ||
| 72,283 | 65,589 | ||
| Total incoming resources |
104,327 | 76,666 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Clerks' fees | 12,650 | 14,508 | |
| Caretaker | 10,496 | 10,474 | |
| Insurance | 2,115 | 1,999 | |
| Water rates | 899 | 2,103 | |
| Counciltax | 8,799 | 10,221 | |
| Electricity | 1,670 | 366 | |
| Telephone | 1,026 | 916 | |
| Maintenance expenditure |
7,180 | 19,372 | |
| Garden expenses | 267 | ||
| Rentals | 58 | 5 | |
| Office costs | 18 | 35 | |
| Travel expenses | 99 | 215 | |
| ITcosts | 603 | 265 | |
| Subscriptions | 305 | 294 | |
| Residents' pastimes |
150 | ||
| Gifts and donations | 140 | ||
| Bank charges | 60 | 60 | |
| Depreciation oftangible |
fixed assets | 2,593 | 2,593 |
| Mortgage interest |
5,748 | 5,797 | |
| Carried forward | 54,319 | 69,780 |
| FOR THE YEAR ENDED 3 | 1 DECEMBER 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| 6 | F | ||
| Charitable activities |
|||
| Brought forward | 54,319 | 69,780 | |
| Grants to institutions | 1,000 | 540 | |
| Grants to individuals | 23,586 | 6,650 | |
| 78,905 | 76,970 | ||
| Support costs | |||
| Governance costs | |||
| Clerks' fees | 1,406 | 1,612 | |
| Auditor's remuneration |
3,360 | 3,120 | |
| Legal and professional | fees | 1,269 | 969 |
| 6,035 | 5,701 | ||
| Total resources expended | 84,940 | 82,671 | |
| Net income/(expenditure) | 19,387 | ~6005) |