| Page | ||||
|---|---|---|---|---|
| Report ofthe Tmstees | 1 | to | 2 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial | Statements | 6 | to | 9 |
| Detailed Statement ofFinancial Activities | 10 |
| 31.12.20 | 31.12.19 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | 8 | f | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment income |
45,071 | 45,703 | ||||
| EXPENDITURE Raising funds |
ON | 21,726 | 28,953 | |||
| Other | 21,290 | 27,686 | ||||
| Total | 43,016 | 56,639 | ||||
| Net gains/(losses) | on investments | (7,323) | 31,204 | |||
| NET INCOME/(EXPENDITURE) | (5,268) | 20,268 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 2,257,507 | 2,237,239 | |||
| TOTAL FUNDS | CARRIED FORWARD | 2,252,239 | 2,257,507 |
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | f. | ||
| FIXEDASSETS | |||
| Investment property |
1,820,000 | 1,820,000 | |
| CURRENT ASSETS | |||
| Investments | 199,888 | 207,211 | |
| Cash at bank | 232,351 | 230,296 | |
| 432,239 | 437,507 | ||
| NET CURRENT ASSETS | 432,239 | 437,507 | |
| TOTAL ASSETSLESS CURRENT | |||
| LIABILITIES | 2,252,239 | 2,257,507 | |
| NET ASSETS | 2,252,239 | 2,257,507 | |
| FUNDS | |||
| Unrestricted funds |
2,252,239 | 2,257,507 | |
| TOTAL FUNDS | 2,252,239 | 2,257,507 |
| Further explanation ofthe nature and purpose ofeach fu |
nd is included in the notes to the financial |
statements. |
|---|---|---|
| INVESTMKNT INCOME | ||
| 31.12.20 | 31.12.19 | |
| Rents received | 43,116 | 43,177 |
| Deposit account interest | 1,065 | 1,635 |
| Dividends received |
890 | 891 |
| 45,071 | 45,703 |
| Investment | management | costs | 31.12.20 | 31.12.19 |
|---|---|---|---|---|
| Property repairs Maintenance charges |
19,016 2,710 |
26,173 2,780 |
||
| 21,726 | 28,953 |
| COMPARATIVKS F | OR THK STATEMENT OF FINANCIAL AC | TIVITIES |
|---|---|---|
| Unrestricted | ||
| fund | ||
| g | ||
| INCOME AND ENDOWMENTS FROM | ||
| Investment income |
45,703 | |
| EXPENDITURE ON | ||
| Raising funds | 28,953 | |
| Other | 27,686 | |
| Total | 56,639 | |
| Net gains on investments | 31,204 | |
| NKT INCOME | 20,268 | |
| RECONCILIATION | OF FUNDS | |
| Total funds brought | forward | 2,237,239 |
| TOTAL FUNDS CARRIED FORWARD | 2,257,507 |
| FAIRVALUK | FAIRVALUK | |
|---|---|---|
| At | 1 January 2020 | |
| and | 31December 2020 | 1,820,000 |
| NKT BOOK VALVE | ||
| At | 31 December 2020 | 1,820,000 |
| At | 31 December 2019 | 1,820,000 |
| CURRENT | A | SSETINVKSTMKNTS | |||
|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||
| Listed investments | 199,888 | 207,211 | |||
| MOVKMKNT | IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At I/I/20 | in funds | 31/12/20 | |||
| Unrestricted | funds | ||||
| General fund |
2,257,507 | (5,268) | 2,252,239 | ||
| TOTAL FUNDS | 2,257,507 | (5,268) | 2,252,239 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| f | 6 | |||||
| Unrestricted | funds | |||||
| General | fund | 45,071 | (43,016) | (7,323) | (5,268) | |
| TOTAL | FUNDS | 45,071 | (43,016) | (7,323) | (5,268) |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At I/I/19 | in funds | 31/12/19 | |||
| 6 | 6 | ||||
| Unrestricted | funds | ||||
| General | fund | 2,237,239 | 20,268 | 2,257,507 | |
| TOTAL | FUNDS | 2,237,239 | 20,268 | 2,257,507 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 45,703 | (56,639) | 31,204 | 20,268 | |
| TOTAL | FUNDS | 45,703 | (56,639) | 31,204 | 20,268 |
| Net | |||||
|---|---|---|---|---|---|
| moventent | At | ||||
| At I/I/19 | in funds | 31/12/20 | |||
| Unrestricted | funds | ||||
| General | fund | 2,237,239 | 15,000 | 2,252,239 | |
| TOTAL | FUNDS | 2,237,239 | 15,000 | 2,252,239 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| 8 | ||||||
| Unrestricted | funds | |||||
| General | fund | 90,774 | (99,655) | 23,881 | 15,000 | |
| TOTAL | FUNDS | 90,774 | (99,655) | 23,881 | 15,000 |
| 31.12.20 | 31.12.19 | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Rents received | 43,116 | 43,177 | ||
| Deposit account interest | 1,065 | 1,635 | ||
| Dividends received |
890 | 891 | ||
| 45,071 | 45,703 | |||
| Total incoming resources |
45,071 | 45,703 | ||
| EXPENDITURE | ||||
| Investment management |
costs | |||
| Property repairs |
19,016 | 26,173 | ||
| Maintenance charges |
2,710 | 2,780 | ||
| 21,726 | 28,953 | |||
| Other | ||||
| Wages | 3,328 | 3,328 | ||
| Rates &Water | 3,363 | 6,714 | ||
| Insurance | 2,738 | 2,724 | ||
| Electricity charges | 3,891 | 5,573 | ||
| Gas | 6,552 | 7,893 | ||
| Sundry expenses | 160 | 390 | ||
| Clerks expenses | 388 | 204 | ||
| Subscriptions | 210 | 200 | ||
| 20,630 | 27,026 | |||
| Support costs | ||||
| Governance costs |
||||
| Accountancy and legal fees |
660 | 660 | ||
| Total resources expended | 43,016 | 56,639 | ||
| Net income/(expenditure) | before gains and | |||
| losses | 2,055 | (10,936) | ||
| Realised recognised | gains | and losses | ||
| Realised gains/(losses) | on | fixed asset investments | (7323) | 31,204 |
| Net (expenditure)/income | (5,268) | 20,268 |