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2021-12-31-accounts

Page
Trustees'
Report
Statement
ofTrustees'		 Responsibilities
Accountants'
report		 10
Statement of Financial Activities 12
Income and Expenditure account
Recognised
Gains and		 Losses 13
Movements
in Accumulated
Funds		 14
Balance Sheet 15
Notes to the Accounts 16
Detailed Statement
of Financial		 Activities 23

forthe year ended 31D ecember 2021
Endowment Unrestricted Restricted Total Last Year
Funds Funds Funds Funda Total Funds
Notes 2021 2021 2021 2021 2020
6 E 8 E
Incoming resources
Investment
income		 69,277 69,277 63,038
Incoming resources from charitable activities 154,37D 154,370 151,561
Total Incoming resources 223,647 223,647 214,599
Investment
management		 costs 15,283 15,283 13,805
Costs ofcharitable
activities		 88,570 88,57D 131,181
Governance
costs		 58,267 58,267 50,544
Total resources expended 162,120 182,120 195,330
Net incoming
resources
before transfers
between funds		 61,527 61,527 19,269
Net incoming
resources		 before
other recognised
gains		 and losses 61,527 61,627 19,269
Other recognised
gains		 and losses
Gains on investment
assets		 239,018 239,018 62,851
Net movement
In funds		 300,545 300,545 82,120
Reconciliation
offunda
Total funds
brought
forward		 1,810,379 1,523,804 217,304 3,551,487 3,489,367
Total Funds canted forward 1,810,379 1,824,349 217,304 3,862,032 3,561~7
2021f 2020f
Turnover 154,370 151,561
CNrect costs ofturnover 103,853 144,786
Gross surplus 50,517 6,775
Governance
costs		 58,267 50,544
Operating
deficit		 (7,750) (43,769)
Realised Gains/(losses)
on Investments		 24,426 (8,836)
Income from other fixed asset investments 68,238 62,682
Interest recetvabhr 1,039 356
Surplus on ordinary
acttvltles
before		 tax 85,953 10,433
Surplus forthe Itnandal
year		 85,953 10,433
Retained surplus for the financial year 85,953 10,433
All activities dern/e from continuing operations
Statement ofTotal Recognised Gains and Losses
for the year ended 31December 2021
2021 2020
Excess of Income over Expenditure before realisation ofassets (3,751) (20,029)
Realised gains on endowment
investments		 42,229 39,298
Reatsed Gains/posses)
on investments		 47,475 (8,836)
Profit /(Loss) per Profit end Lossscrouni 85,953 10,433
Unreetsed
Gains on investments		 214,592 71,687
Net Movement
in funds before taxatlon		 300,545 82,120
The notes on pages 16to 23form an Integral part ofthese accounts.

forthe year ended 31D forthe year ended 31D forthe year ended 31D ecember ecember ecember 2 021
Revenue accumulated funds Unrestricted Restricted Total Last year
Funds Funds Funds Total Funda
2021 2021
E		 2021f 2020
E
Accumulated funds brought forward 588,483 588,483 609,137
Recognised gains and tosses before transfers 57,095 57,095 9,346
645,578 645,578 618,483
Transfers
(to)/from		 designated funds (30,000)
Closing revenue accumulated funds 645,578 645,578 588,483
Designated revenue funds Total Last year
Funds TetalFunds
2021 2020f
At 1 January 559,915 527,708
Recognised gains and losses before transfers (12,529) 32,207
At 31 December 547,386 559,915
The purposes for which the designated funds have been established are desctibed in the notes to the accounts
Endowment funds Endowment Endowment
Funds Total Funds
2021 2020
Endowment funds brought forward 1,810,379 1,773,808
Recognised gains and losses before transfers 213,'197 36,571
2,023,576 1,810,379
Fixed asset funds Designated Restricted Total Last year
Funda Funds Funds TotalFunds
202'I
E		 2021f 2021
f		 2020
At 1 January 375,406 217,304 592,710 558,714
Transfer
(to)/I'rom		 revenue accumulated funds 20,000
Recognised gains and losses before transfers 42,782 42,782 13,996
At 31 December 418,188 217,304 635,492 592,710
The purpose ofthe transfers between Revenue Reserves, Designated Funds and Fixed Asset Funds is described in the notes to the accounts.
Summary of funds Endowment E.R.F Unrestricted Restricted Total Last Year
Funds Funds Funds Funds Funds TotalFunds
2021f 2021
E		 2021 2021
E		 2021 2020
Revenue
accumulated		 funds 645,578 645,578 588,483
Revenue designated funds 547,386 547,386 559,915
Fixed asset funds 418,188 217,304 635,492 592,710
Endowment
funds		 2,023,576 2,023,576 1,810,379
Total funds 2,023,576 547,386 1,063,766 217,304 3,852,032 3,551,487
The statement
ofchanges		 in resources applied forfixed assets for Chartty use is shown in the notes to the accounts

Lancelot Hasluck Trust
Balance Sheet
as at 31December 2021
Notes 2021 2020
K
The assets and liabilities ofthe charity:
Fixed assets
Tangible assets 9 391,996 403,210
Investments 10 2,498,981 2,217,148
Total ffxed assets 2,890,977 2,620,358
Current assets
Debtors 11 8,020 4,011
Cunent Asset investments 12 32?,518 340,072
Cash at bank and in hand 641,243 621,256
Total current assets 976,781 965,339
Creditors:-
amounts
due within one year		 13 (15,726) (34,210)
Het current assets 961,055 931,129
Total assets less current liabilities 3,852,032 3,551,487
Creditors:-
amounts
due after more than one year
Net assets 3,852,032 3,551,487
The funds ofthe charity:
Unrestricted
income funds
Unrestricted
revenue
accumulated		 funds. 14 645,578 588,483
Extra ordinary repairs funds 14 547,386 559,915
Unrestricted
capital funds
Designated
fixed asset funds		 418,188 375,406
Total unrestricted
funds		 1,611,152 1,523,804
Restricted capital funds
Restricted
fixed asset funds		 14 217,304 217,304
Total restricted funds 217,304 217,304
Endowment
funds		 14 2,023,576 1,810,379
Total charity funds 3,852,032 3,551,487
Trustees
Ntr. Peter
ite		 The Revd. Fr erick George
Vice Chair of trustees
Councillor
Pauline Coakley-Webb		 Nlrs Jeanette Adak
Chair ofthe Finance Committee Vice Chair ofthe Finance Committee

9 Tangible funcuonal tlxsd assets
Freehold Plant,
t.snd snd taschlnery
buildings
f		 8 Vehicles
f		 Total
Asset cost, valuation or revalued amount
At 1 January 2021 529,190 6,869 536,059
At 31 December 2021 529,190 6,869 536,059
Accumulated
deprecisuon
and impairment		 provisions
At 1 January 2021 127,009 5,841 132,$49
Charge for the year 10,584 630 11,214
At 31 December 2021 137,592 6,471 144,063
Net book value
At 31 December 2021 391,598 398 391,996
At 31 December 2020 402,182 1,028 403,210
I.Ore above freehold land snd buldings are stated at historicat cost. Na provision
has been provided		 for dilapidations on the
buiklings as provision for bng term renovation ofthe buildings is being made through
the Exlraordlnary		 Reptdrs Fund.
for the year ended 31Dec etn ber 2 021
10 fixed Asset Investments
Property Listed Unlisted 2021
Investments Investments Investments Total
6 6 6 6
Veiuagon
Market value at 1 January 2021 2,151,949 2,151,949
Additions
at cost		 242,677 242,677
Carrying
value ofdisposals		 (144,459) (144,459)
Net unreelised
gain/(loss)
on revshstion
ofinvestments		 214,592 214,592
Market value et 31 December 2021 2,464,769 2,464,759
Cash held by investment
advisors		 34,222
Total Investments
tncluding		 cash At 31December 2821 2,498,981
Total Investments
including		 cash At 1 January 2021 2,217,148
Analysis ofinvestments between UK investments and investments outside the UK
Property Listed Unsated 2021
Investtnsnts Iit Osttnents Invssbnsnts Total
Investment
assets in the UK		 2,498,981 2,498,981
Investment
assets outside		 the UK
Total market value 2,498,961 2,498,981
Property Listed Unlisted 2020
Investments Investments Invesbnents Total
Investment
assets in the UK		 2,217,148 2,217,'l48
investment
assets outside		 the UK
Total market value 2+17,148 2,217,148
Realised Gains on dlsposals
Property t.isted Unlisted 202t
Investments Investments Investments Total
Realised Gains on dieposals on none programme related assets
Csnying
value ofdisposels		 144,459 144,459
Disposal Proceeds 191,934 191,934
flat r Mined (gakts)/kmses 47,475 47,475
Listed Investments
include Ihe following		 material itsms:-
for the year ended 3 1December 2021
11 Debtors 2021
6		 2020
f
Msmtensnce
fees debtors		 127 846
Repaid expenses 7,893 3,165
8,020 4,011
8,020 4,011
12 Investmsnts
held ss current assets		 2021 2020f
Listed investments 327,518 340,D72
13 Creditors: amounts falling dus within one year 2021 2020
Trade creditors 'I,476 927
Accrued expenses 5,150 30+15
PAVE and Nl 537 496
Other Creditors 8,563 2,572
15,726 34,210

15 Analysis ofthe Net Movement
in		 Analysis ofthe Net Movement
in		 Funds 2021 2020
6
Net movement In funds from Statement ofFinandsl Acgvities 61,527 19,269
N«t esources applied on functional lixed assets (1,284)
Rmdised
gains		 on investments 47,475 8,836)
Net movement in funds available for future actlviues 109002 9149
The net resources
applied
on functional
lixed assets and the		 net hvestment represents the cost of
addNans
less		 proceeds of any dis posals.

16 Particulars ofindividual Particulars ofindividual Particulars ofindividual Funds and analysis ofassets and analysis ofassets and liabilities representing funds funds
At 31December 2021 Unrestricted Endowment Restricted Total
8 Designated funds funds Funds
funds f f f f
Tangible Fixed Assets 174,692 217,304 391,996
Investments
at valuelion
Fixed asset inves(ments 475,405 Z,D23,576 2,498,981
Current Assets 976,781 976,781
Current Llablitles (15,726) (115,7~26
1,611,152 2,D23,576 217,304 3,852,032
At 1January 2021 Unrestricted Endowment Restricted Total
&Designated funds funds Funds
ftrride f f
Tangible Fixed Assets 185,906 217,304 403210
Investments
at valuation
Fixed asset investments 406,769 1,810,379 2,217,148
Current Assets
Cunent Liabilities		 965,339
(34~210		 965,339
~34,212
1,523,804 1,810,379 217,304 3,551,487
The individual
funds included		 above are:-
Funds at Movwnsnts Transfers Funds at
2020 In Between 2021
Funds funds
as below f
Genenri fund 588,4S3 57,095 645,578
Development
fund		 375,406 42,782 418,188
Buildings
&Equipment		 Fund 217,304 217,304
Extraordinary
Repairs Fund		 559,915 (12,529) 547,386
Capital Endowment Fund 1,810,379 213,197 2,023,576
3,551,487 300,545 3 222,1132
Analysis ofmovements in funds as shown in the table above
Incoming Outgoing Gains & Movement
Resources Resourcesf l.oases f in funds f
General fund 155,409 146,637 48,523 57,D95
Development
fund		 8,763 1,012 35,031 42,782
Extraordinary
Repairs Fund		 10,521 (23,050) (12,529)
Capital Endowment Fund 48,954 14,271 178,514 213,197
223,647 162,120 239,018 30D,545

Status ofthis schedule to the Statement ofFinanci ~IActivities Status ofthis schedule to the Statement ofFinanci ~IActivities Status ofthis schedule to the Statement ofFinanci ~IActivities Status ofthis schedule to the Statement ofFinanci ~IActivities Status ofthis schedule to the Statement ofFinanci ~IActivities Status ofthis schedule to the Statement ofFinanci ~IActivities Status ofthis schedule to the Statement ofFinanci ~IActivities Status ofthis schedule to the Statement ofFinanci ~IActivities Status ofthis schedule to the Statement ofFinanci ~IActivities
'The schedules
on the foIowing pages are requi ed by the disdosure
requimments
snd Reporting
issued
by the Charity Commissioners
for England 6Wales, .		 ofthe Statement of Recommended Practice for Accounting
As such, they form s part ofthe accounts required by the Charities (Accounts snd Reports) Regulations.
Incoming Resources ~nt Unrestricted Restricted 2021f
Total		 2020
6
Prior Period
Funds Funds Funds Funds ToutlFunds
Incoming Resources from generated funda 2021 2021 2021 2021
8		 2020f
Voluntary
Income
Grants, legacies and donations
Total Voluntary
Income
Investment
Income
Income from listed hxed asset investments 68,238 68,238 62,682
Other bank deposit interest received 1,039 1,039 356
Total investment
Income		 89,277
Incoming resources from chatttable activities
Maknenance
Revenue		 153,593 153,593 15D,941
Other andllary
trading to benefit		 beneficiaries 777 777 620
Total Incoming resources from
charitable activlt)es 154,370 164,370 151,681
Total Incoming Resources 223,647 223,647 214,599
Gains on Investment
assets
Realised Gains/gosses)
on investments		 24,426 24,426 (8,836)
Urreallsed
Gains on investments		 214,592 214,592 71,687
239,018 239018 52,861
Investment
management
costs
Investmeirt
management
fees		 15/83 15,283 13,605
Costs reallocated
from governance		 costs
15283 16283 13605
Charitable
expenditure
Costs ofacfNftfes in~e		 ofthe charity'4 ebjec8vm
General Repairs and Maintenance 39,702 73,900
Igtchens, Bathrooms
snd boilers		 7,317
Car Park
Rates and water rates 5,673 5,673 6,547
Light 6heat (net ofrefunds) 2,301 2,301 2,487
Insurance 6,570 6,570 6,236
64,246 96,487
Support costs of charftabie activities
SiteManagers
Salaries		 19;460 19,460 18,714
Pension contributions
charitable		 employees 1,484 1,484 1,414
Maintenance
sahay		 13,380 13,38D 14,566
34,324 34,694

2021
f E
Endowment Unrestricted Restricted Total Prior Period
Funds Funds Funds Funds Total Funds
2021 2021 2021 2021 2020
Spacific governance
costs
Clerk's fees 15,439 15,439 14,855
Independent
Examiner'e		 Fees 3,400 3,400 3,354
Legal fees 373 373 504
Depredation
offixed assets used for governance		 11,214 11,214 11,214
Management
snd edmlnistrsdon		 costs
Employee casts:
Finance olficeVs fees 11,149 11,149 10,720
Pension 4,459 4,459 4,333
Rates, water and service charges 1,357 1,357 1,213
General admlnistrsttve esperanto:
Telephone
and fax		 2,664 2,664 2,120
Postage, stationery
and printing		 311 311 228
Subscriptions 283 283 371
Software and web costs 640 640 744
Health and safety costs 4,604 4,604 110
Bank charges 106 106 154
Sundry expenses 2,268 2,268 624
Total governance costs after real)ocatlon 58,267 58,267 50,544
Analysis oftransfers between funds
Transfer to/(from)
unresbicted		 (30,000)
Transfer to/(from) des Ilxsss to be analysed further 20,000
Transfer Extra ordinary repairs fund t0,000