| Page | |||
|---|---|---|---|
| Trustees' Annual Report |
|||
| Independent Examiner's |
Report to the Trustees | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 10 |
| Year en | ded 30April | 2021 | |||
|---|---|---|---|---|---|
| Solicitors | Nicholsons | LLP | |||
| 23Alexandra | Road | ||||
| Lowestoft | |||||
| Suffolk | |||||
| NR32 1PP | |||||
| Principle | Bankers | The Co-operative | Bank pic | ||
| Kings Valley | Yew Street | ||||
| Stockport | |||||
| Cheshire | |||||
| SK42JU | |||||
| Surveyors | OA Chapman | 8 Son | |||
| 9 Princes Street | |||||
| Norwich | |||||
| Norfolk | |||||
| NR3 1AZ |
| 2021 | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | F | |||||
| Income and endowments | ||||||
| Investment | income | 4 | 100,170 | 100,170 | 99,932 | |
| Total income | 100,170 | 100,170 | 99,932 | |||
| Expenditure | ||||||
| Charitable activities |
5 | (93,977) | (93,977) | (78,760) | ||
| Total expenditure | (93,977) | (93,977) | (78,760) | |||
| Net income | and net movements | in funds before gains | ||||
| and losses | on investments | 6,193 | 6,193 | 21,172 | ||
| Net gains on investments | 7 | 451,146 | 451,146 | 23,305 | ||
| Net income | and net movement | in funds | 457,339 | 457,339 | 44,477 | |
| Reconciliation offunds |
||||||
| Total funds | brought forward |
2,911,915 | 2,911,915 | 2,867,438 | ||
| Total funds | carried forward | 3,369,254 | 3,369,254 | 2,911,915 |
| 30April 2 | 021 | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Note | ||||||||
| Fixed assets | ||||||||
| Investments | 10 | 3,031,091 | 2,579,945 | |||||
| Current assets | ||||||||
| Cash at bank | and | in | hand | 340,188 | 350,747 | |||
| Creditors: Amounts | falling due within | |||||||
| one year | 2,025 | 18,777 | ||||||
| Net current assets | 338,163 | 331,970 | ||||||
| Total assets | less | current liabilities | 3,369,254 | 2,911,915 | ||||
| Funds ofthe charity | ||||||||
| Unrestricted | funds | 3,369,254 | 2,911,915 | |||||
| Total charity | funds | 12 | 3,369,254 | 2,911,915 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| F | F | ||||
| Gross | rental income | 15,300 | 15,300 | 15,444 | 15,444 |
| Income | from other investments | 84,621 | 84,621 | 82,957 | 82,957 |
| Income | on deposits | 249 | 249 | 1,531 | 1,531 |
| 100,170 | 100,170 | 97,619 | 97,619 |
| Expendi | ture on charitable a |
ctivities by fund type |
|||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
| Funds | 2021 | Funds | 2020 | ||||
| F | F | F | |||||
| Grants | payable | 80,700 | 80,700 | 65,865 | 65,865 | ||
| Support | costs | 13,277 | 13,277 | 12,895 | 12,895 | ||
| 93,977 | 93,977 | 78,760 | 78,760 |
| help maintain services. Below are details of the activitie authorised ofF1,000 or more. |
s which have been f |
|---|---|
| Lowestoft Club for the Elderly | F1,000 |
| SHOPMOBILITY | F2,000 |
| Fisherman's Mission |
F10,000 |
| Foodbank | F10,000 |
| Kirkley St Peter and St John for Kirkley Pantry | F3,342 |
| Disability Advice | F5,000 |
| The Salvation Army South Corps |
F10,000 |
| East Coast College for Sixth Form College | F4,000 |
| East Coast College | F3,000 |
| Red Oak Primary School | F2,500 |
| Analysis of | up | port cost | s | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||||
| funds | Total 2021 | Total 2020 | |||||||
| F | F | ||||||||
| Communications | and IT | 40 | 40 | 40 | |||||
| General office | 473 | 473 | 392 | ||||||
| Governance | costs | 996 | 996 | 977 | |||||
| Insurance | 84 | ||||||||
| Clerical costs | 11,768 | 11,768 | 11,373 | ||||||
| 13,277 | 13,277 | 12,866 | |||||||
| Net gains on | investments | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | ||||||
| F | F | F | |||||||
| Gains/(losses) | on listed investments | 451,146 | 451,146 | 23,305 | 23,305 | ||||
| Independent | examination | fees | |||||||
| 2021 | 2020 | ||||||||
| F | |||||||||
| Fees payable | to | the independent | examiner for: | ||||||
| Independent | examination | ofthe | financial | statements | 996 | 977 |
| Investments | |
|---|---|
| Other | |
| investments | |
| Cost or valuation | |
| At 1 May 2020 | 2,579,945 |
| Additions | |
| Other movements | 451,146 |
| At 30April 2021 | 3,031,091 |
| Impairment | |
| At 1 May 2020 and 30April 2021 | |
| Carrying amount |
|
| At 30April 2021 | 3,031,091 |
| At 30April 2020 | 2,579,945 |
| 2021 | 2020 |
|---|---|
| 2,025 | 18,777 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 | May 2020 | Income | Expenditure | losses | 30April 2021 | ||
| F | F | ||||||
| General | funds | 2,911,915 | 100,170 | (93,977) | 451,146 | 3,369,254 | |
| At | Gains and | At | |||||
| 1 | May 2019 | Income | Expenditure | losses | 30April 2020 | ||
| F | F | F | F | F | |||
| General | funds | 2,867,438 | 99,932 | (78,760) | 23,305 | 2,911,915 |
| Analysis of net assets between funds |
||
|---|---|---|
| Unrestricted | Total Funds | |
| Funds | 2021 | |
| F | ||
| Investments | 3,031,091 | 3,031,091 |
| Current assets | 338,163 | 338,163 |
| Net assets | 3,369,254 | 3,369,254 |
| Unrestricted | Total Funds | |
| Funds | 2020 | |
| F | ||
| Investments | 2,579,945 | 2,579,945 |
| Current assets | 331,970 | 331,970 |
| Net assets | 2,911,915 | 2,911,915 |