| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| K | |||||
| FIXEDASSETS | |||||
| Freehold land and buildings |
at Market Value | 1,050,000 | 1,050,000 | ||
| INVESTMENTS | 12,021 | 11,927 | |||
| CURRENT ASSETS | |||||
| Debtors and Prepayments Cash at bank |
706 20,936 |
787 17185 |
|||
| CURRENT LIABILITIES | 21,642 | 17,972 | |||
| Creditors falling due within one year |
14,476 | 5,613 | |||
| NET CURRENT ASSETS | 7,166 | 12,359 | |||
| NET ASSETS | 1,069,187 | 1,074,286 | |||
| CAPITAL FUND | |||||
| Permanent Endowment |
659,262 | 659,262 | |||
| INCOME FUNDS | |||||
| General Purposes Repair and Renovation |
Fund | 177,668 77,382 |
155,509 98,882 |
||
| 914,312 | 913,653 | ||||
| THIRD PARTY FUNDING | |||||
| Mortgage Loan |
154,875 | 160,633 | |||
| 1,069,187 | 1,074,286 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| INCOMING RESOURCES | |||||
| Weekly Maintenance Contributions |
33,011 | 31,900 | |||
| Investment and Interest Income |
536 | 349 | |||
| Donations etc | 31,263 | 8,250 | |||
| 64,810 | 40,499 | ||||
| RUNNING EXPENDITURE |
|||||
| Property Maintenance |
3,659 | 4,107 | |||
| Gardening and grounds renovation Water Services |
7,308 385 |
3,991 316 |
|||
| Insurance Subscriptions and sundry |
1,110 1,108 |
1,214 896 |
|||
| 13,570 | 10,524 | ||||
| FINANCE, PROVISIONS AND | SPECIAL ITEMS | ||||
| Interest on Mortgage Loan |
7,732 | 8,491 | |||
| Provision for Major Renovation | and Repair | 21,000 | 18,900 | ||
| Unrealised Investment Value Change Solar Panel System Installation |
349 42,500 |
1,040 0 |
|||
| 85,151 | 38,955 | ||||
| Net (Outgoing)llncoming Resources for the year |
-20,341 | 1,544 | |||
| MOVEMENT OF FUNDS FOR THE YEAR ENDED | |||||
| 31STDECEMBER 2022 | |||||
| Endowed | General | RRF | TOTAL | ||
| Fund Balance as at 1st January | 2022 | 659,262 | 155',509 | 98,882 | 913,653 |
| Net Incoming Resources for the year | -20,341 | -20,341 | |||
| Solar Panel Investment | 42,500 | -42,500 | |||
| Transfers to Special Reserves | 21,000 | 21,000 | |||
| Fund Balances as at 31stDecember 2022 | 659,262 | 177,668 | 77,382 | 914,312 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| NET CASH INFLOW FRONI OPERATING ACTIVITIES | |||
| Weekly Maintenance Contributions Less Operating Costs |
received | 33,011 13,570 |
31,900 10,524 |
| 16,441 | 21,376 | ||
| Acid INVESTMENT AND OTHER | INCONIE | ||
| Investment and Interest Income Donations etc |
536 31263 |
349 8,250 |
|
| 51,240 | 29,975 | ||
| Less Interest on Mortgage Loan |
7,732 | 8,491 | |
| 43,508 | 21,484 | ||
| Less LOAN REPAYMENTS AND | INVESTMENT SALES | ||
| Loan repayments Temporaty Advance |
-5,758 10,000 |
-15,837 0 |
|
| 47,750 | 5,647 | ||
| Deduct NEW INVESTMENTS DURING |
|||
| YEAR | |||
| Reinvested in Charity Multi Asset Acc Shares |
-443 | -348 | |
| Solar Panel Project | -42,500 | 0 | |
| OTHER CHARGES IN CURRENT |
ASSETS | 4,807 | 5,299 |
| Adjustment for net receivables/payables |
-1,056 | -2,336 | |
| INCREASE IN CASH POSITION DURING YEAR | 3,751 | 2,963 | |
| Cash at bank on 1st January 2022 | 17,185 | 14,222 | |
| CASH AT BANK ON 31STDECEMBER 2022 | 20,936 | 17,185 |
| 2.LAND AND BUILDINGS | TOTAL | ||
|---|---|---|---|
| Endowed Land |
350,000 | ||
| Buildings: Endowed Cottages 1 to3 Unendowed Cottage 4 Unendowed Cottages 5to 7 |
300,000 100,000 300,000 |
||
| 700,000 | |||
| Total Land and Buildings at 31stDecember 2021 |
and 2022 | 1,050,000 | |
| 3.INVESTMENTS | 2022 | 2021 | |
| Balance b/f at 1stJanuary 2022 | 11,927 | 10,539 | |
| 2022 dividends reinvested in NAACIF Accumulation Increase in valuation at 31stDecember 2022 |
shares | 348 1,040 |
|
| Market value ofCharity Multi Asset Acc.share | at 31stDecember 2022 | 12,021 | 11,927 |
| 4.CASH AT BANK | 2022 | 2021 | |
| Cafgold Cafcash Total |
20,756 180 20,936 |
17,070 115 17,185 |
|
| 5.THIRD PARTY FUNDING | |||
| Mortgage Loan outstanding at 1stJanuary 2022 Amount repaid during the year |
160,633 -5,758 |
176,470 -15,837 |
|
| Mortgage Loan outstanding at 31stDecember |
2022 | 154,875 | 160,633 |