| CONTENTS | PAGE | ||||
|---|---|---|---|---|---|
| Trustees and professional | advisors | ||||
| Report ofthe Trustees | and | Statement | ofTrustee's | Responsibilities | 2-4 |
| Report ofthe Independent | Examiner | ||||
| Statement of Financial | Activities | ||||
| Balance Sheet | |||||
| Notes and Accounting | Policies | 8-12 |
| Notes | Year Ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31March 2022 | 31 | March 2021 | ||||
| f | f | f | ||||
| Incoming resources | 1.3 | |||||
| Incoming resources from generated | funds: | |||||
| Voluntary income: |
||||||
| Donations | 460 | 575 | ||||
| Legacies | 22,674 | 500 | ||||
| 23,134 | 1,075 | |||||
| Investment income |
28,345 | 27,046 | ||||
| Total incoming resources | 51,479 | 28,121 | ||||
| Resources expended | 1.4 | |||||
| Costs ofgenerating funds |
||||||
| Investment management |
costs | 12,245 | 5,014 | |||
| Charitable activities |
||||||
| Grants | 1.7 | 55,100 | 52,000 | |||
| Other resources expended | ||||||
| Governance costs |
5,091 | 2,690 | ||||
| Total resources expended | 72,436 | 59,704 | ||||
| Net (outgoing) resources | (20,957) | (31,583) | ||||
| Net gains on investments | 122,316 | 197,685 | ||||
| Net movement in funds |
101,359 | 166,102 | ||||
| Reconciliation offunds | ||||||
| Fund balance brought forward |
1,420,458 | 1,254,356 | ||||
| Fund balance carried forward | 1,521,817 | 1,420,458 |
| 2. | Investment income |
|||
|---|---|---|---|---|
| Year ended | Year ended | |||
| 31/03/2022 | 31/03/2021 | |||
| E | E | |||
| Listed investment income |
28,345 | 27,046 | ||
| Investment Management |
Costs | |||
| Portfolio Management | 12,245 | 5,014 | ||
| Trustees' Remuneration |
and Benefits |
| 2022 | 2021 | ||
|---|---|---|---|
| E | f | ||
| Administration | 1,411 | 1,010 | |
| Meetings | 2,000 | ||
| Accountancy | 1,680 | 1,680 | |
| 5,091 | 2,690 | ||
| Analysis of | Grants | ||
| Retirement | Grants | 54,500 | 52,000 |
| Sickness Grants | 600 | ||
| 55,100 | 52,000 |
| Fixed Asset Investments | 2022 | 2021 | |||
|---|---|---|---|---|---|
| E | E | ||||
| Market Value as at 1April | 2020 | 1,348,898 | 1,200,044 | ||
| Additions to investments | at cost | 204,341 | 398,825 | ||
| Disposals at carrying value | (236,945) | (447,656) | |||
| Net gain / (loss) on revaluation | 166,580 | 197,685 | |||
| 1,482,874 | 1,348,898 | ||||
| Investments at market value |
comprised: | ||||
| Equities | 1,200,962 | 1,243,784 | |||
| Fixed Interest Securities | 229,580 | 88,734 | |||
| Cash held within Investment |
Portfolio | 52,333 | 16,380 | ||
| 1,482,874 | 1,348,898 | ||||
| Creditors: Amounts falling due within one year |
|||||
| Other Creditors | |||||
| 9. | Movement in Funds |
||||
| Unrestricted Funds |
|||||
| Balance at 1"April 2021 | 1,420,458 | ||||
| Movement in funds in the year |
101,359 | ||||
| Balance at 31"March 2022 | 1,521,817 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| Resources f |
Expended f |
Losses f |
in Funds f |
||
| Unrestricted | Funds | ||||
| General Fund |
51,479 | (72,436) | 122,316 | 101,359 | |
| Total Funds | 51,479 | (72,436) | 122,316 | 101,359 |