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||||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|
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|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|