| Page | ||||
|---|---|---|---|---|
| Reference and Administration Details |
||||
| Report ofthe Trustees | 2 to 4 | |||
| Independent Auditor's |
Report | 5 to 8 | ||
| Statement ofFinancial | Activities | |||
| Statement ofFinancial | Position | 10 | ||
| Notes to the Financial | Statements | 11to 17 | ||
| Income and Expenditure | Account —The College | 18 | ||
| Income and Expenditure | Account —Stonehouse | Yard | 19 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Notes | ||||
| INCOME AND ENDOWMENTS FROM: | ||||
| Charitable activities |
3 | 221,161 | 215,790 | |
| Investments | 1,420 | 28 | ||
| Total | 222,581 | 215,818 | ||
| EXPENDITURE ON: | ||||
| Charitable activities |
204,713 | 184,369 | ||
| Total | 204,713 | 184,369 | ||
| OPERATING SURPLUS | 17,868 | 31,449 | ||
| OTHER RECOGNISED GAINS AND | ||||
| LOSSES: Gains/(losses) on investment |
assets | ~1,804) | 12,819 | |
| TOTAL COMPREHENSIVE INCOME |
||||
| AND NET MOVEMENT | IN FUNDS | 16,064 | 44,268 | |
| RECONCILIATION OF |
FUNDS: | |||
| Total funds brought forward |
1,367,164 | 1,322,896 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,383,228 | 1,367,164 | ||
| CONTINUING OPERATIONS |
||||
| All income and expenditure | has arisen from continuing | activities. |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | |||
| FIXEDASSETS | |||
| Housing properties |
9 | 940,441 | 958,213 |
| Other property | 9 | 37,200 | 37,200 |
| Investments | 10 | 114,586 | 116,390 |
| 1,092,227 | 1,111,803 | ||
| CURRENT ASSETS | |||
| Stocks | 11 | 4,594 | 4,594 |
| Debtors | 12 | 7,688 | 2,340 |
| Cash at bank and in hand | 305,063 | 275,354 | |
| 317,345 | 282,288 | ||
| CREDITORS | |||
| Amounts falling due within one year |
13 | (26,344) | (26,927) |
| NET CURRENT ASSETS | 291,001 | 255,361 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,383,228 | 1,367,164 | |
| NET ASSETS | 1,383,228 | 1,367,164 | |
| FUNDS | |||
| Unrestricted funds |
1,383,228 | 1,367,164 | |
| TOTAL FUNDS | 1,383,228 | 1,367,164 |
| 2023 | 2022 | ||
|---|---|---|---|
| Accommodation | charges and guest flat rent | 218,371 | 212,278 |
| Farmland rental |
2,790 | 3,280 | |
| Leaflet sales | 232 | ||
| 221,161 | 215,790 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Warden expenses | 7,046 | 6,936 | |||
| Insurance | 5,374 | 4,951 | |||
| Auditors' remuneration |
for auditing | the accounts | 3,410 | 3,180 | |
| Electricity | 32,436 | 34,324 | |||
| Fuel oil | 20,365 | 8,241 | |||
| Water and sewage | 7,052 | 6,653 | |||
| Telephone | 1,023 | 960 | |||
| Cleaning | 1,560 | 1,165 | |||
| Subscriptions | and donations | 1,065 | 215 | ||
| Wages | 14,980 | 6,834 | |||
| Administration | costs | 738 | 727 | ||
| Repairs and maintenance | 82,155 | 82,485 | |||
| Gardening and |
path maintenance | 8,263 | 7,885 | ||
| Catering | 1,415 | 1,890 | |||
| Depreciation | 17,772 | 17,772 | |||
| Leaflet costs | 151 | ||||
| Interest payable | 59 | ||||
| 204,713 | 184,369 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Gain/(loss) | on Charities | Official Investment | Fund | ~1,804) | 12,819 | ||
| NET SURPLUS | |||||||
| The net movement | in resources is stated after | charging: | |||||
| 2023 | 2022 | ||||||
| Auditors' | remuneration | for auditing | the accounts | 2,150 | 2,000 | ||
| Auditors' | remuneration | for non-audit | services | 1,260 | 1,180 | ||
| Stafl'costs | 14,980 | 6,834 | |||||
| Depreciation | 17,772 | 17,772 |
| No amounts were payable to the Tr TANGIBLE FIXEDASSETS |
ustees at the reporting | date (2022:I3,4 | 40). | |
|---|---|---|---|---|
| Stonehouse | ||||
| College | Yard | Freehold | ||
| buildings | buildings f |
farmland | Totals | |
| COST | ||||
| At 1stApril 2022 and at | ||||
| 31stMarch 2023 | 332,121 | 888,623 | 37,200 | 1,257,944 |
| DEPRECIATION | ||||
| At 1st April 2022 | 262,531 | 262,531 | ||
| Charge for year | 17,772 | 17,772 | ||
| At 31st March 2023 | 280,303 | 280,303 | ||
| NET BOOKVALUE | ||||
| At 31stMarch 2023 | 332,121 | 608,320 | 37,200 | 977,641 |
| At 31st March 2022 | 332,121 | 626,092 | 37,200 | 995,413 |
| Stonehouse | ||||
|---|---|---|---|---|
| College | Yard | Freehold | ||
| buildings | buildings | farmland | Totals | |
| Gross cost | 731,398 | 1,840,196 | 37,200 | 2,608,794 |
| Grants received | ~399,277) | ~951,573) | (1,350,850) | |
| Net cost | 332,121 | 888,623 | 37,200 | 1,257,944 |
| Valuation |
| 10. | FIXEDASSET INVESTMENTS | ||
|---|---|---|---|
| Listed | |||
| Investments | |||
| f | |||
| MARKET VALUE | |||
| At 1st April 2022 | 116,390 | ||
| Revaluation | (1,804) | ||
| At 31st March 2023 | 114,586 | ||
| The original cost ofthe fixed asset investments | isf10,172(2022 - f10,172). |
| 11. | STOCK | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Leaflets | 4,594 | 4,594 | |
| 12. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| Trade debtors | 2,790 | 2,340 | |
| Other debtors | 4,898 | ||
| 7,688 | 2,340 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Trade | creditors | 3,237 | 4,670 | ||
| Social | security | and | other taxes | 651 | |
| Other | creditors | and | accruals | 22 456 | 22 257 |
| 26,344 | 26,927 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| INCOME | ||||
| Accommodation | charges and guest flat rent | 72,374 | 69,817 | |
| EXPENDITURE | ||||
| Warden expenses | 2,487 | 2,407 | ||
| Insurance | 1,789 | 1,624 | ||
| Auditors' | remuneration | 1,203 | 1,072 | |
| Electricity | 4,530 | 4,801 | ||
| Fuel oil | 20,365 | 8,241 | ||
| Water and | sewage | 1,501 | 1,343 | |
| Telephone | 176 | 150 | ||
| Cleaning | 551 | 433 | ||
| Administration | charges | 5,548 | 2,808 | |
| Repairs and maintenance | 50,772 | 33,777 | ||
| Gardening | and | path maintenance | 3,634 | 3,631 |
| Catering | 499 | 702 | ||
| Total | 93,055 | 60,989 | ||
| NET (DEFICIT)/INCOME | ~20,681) | 8,828 |
| 2023 | 2022 | ||
|---|---|---|---|
| INCOME | |||
| Accommodation | charges | 145,997 | 142,641 |
| EXPENDITURE | |||
| Warden expenses | 4,559 | 4,529 | |
| Insurance | 3,585 | 3,327 | |
| Auditors' remuneration |
2,207 | 2,108 | |
| Electricity | 27,906 | 29,523 | |
| Water and sewage | 5,551 | 5,310 | |
| Telephone | 847 | 810 | |
| Cleaning | 1,009 | 732 | |
| Subscriptions and |
donations | 1,065 | 215 |
| Administration charges |
10,170 | 4,753 | |
| Repairs and maintenance | 31,383 | 48,708 | |
| Gardening and path maintenance |
4,629 | 4,254 | |
| Catering | 916 | 1,188 | |
| Depreciation | 17,772 | 17,772 | |
| Total | 111,599 | 123,229 | |
| NET INCOME | 34,398 | 19,232 |