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|Trustees|Mrs RCrowther|||
|---|---|---|---|
||Countess De La Warr|||
||C JRolley|||
|Registered Charity Number|220488|||
|Homes England No.|A0809|||
|Principal Address|Sackville College|||
||High Street|||
||East Grinstead|||
||West Sussex|||
||RH19 3BX|||
|Primary Bankers|Lloyds TSBBank|Pic||
||London Road|||
||East Grinstead|||
||West Sussex|||
||CCLA Investment|Management|Limited|
||COIF Charity Funds|||
||80 Cheapside|||
||London|||
||EC2V 6DZ|||
|Auditors|Darren Harding|||
||For Richard Place|Dobson Services Ltd T/A||
||Alexandra
Durrant|||
||10A/12A High Street|||
||East Grinstead|||
||West Sussex|||
||RH19 3AW|||
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|||||2022||2021|
|---|---|---|---|---|---|---|
||||Note||||
|Turnover|||||73,789|226,220|
|Operating|Expenditure||||||
|General Management||||21,541||16,071|
|Property Management|||4|63,475||61,961|
|Repairs and|Maintenance|||35,152||20,000|
||||||120,168|98,032|
|Operating|(Deficit)/Surplus||||(46,379)|128,188|
|Interest Receivable &Investment||Income|5||16,370|11,874|
||||||(30,009)|140,062|
|Movement|in Fair Value ofInvestments||||21,040|54,415|
|(Deficit)/Surplus
for the Year|||||(8,969)|194,477|
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||Income &|Extraordinary|Extraordinary|Total|
|---|---|---|---|---|
||Expenditure|Repairs Reserve|Repairs Reserve||
||Reserve|(designated)|(restricted)||
|Brought forward 31 March 2020|23,578|272,008||295,586|
|Surplus for the year|130,889|798|8,375|140,062|
|Transfer between funds|(15,000)|15,000|||
|Revaluation
ofinvestments||54,415||54,415|
|At 31 March 2021|139,467|342,221|8,375|490,063|
|(Deficit)/Surplus
for the year|(28,740)|(1,818)|549|(30,009)|
|Transfer between funds|(15,000)|15,000|||
|Revaluation
ofinvestments||21,040||21,040|
|At 31March 2022|95,727|376,443|8,924|481,094|
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||Balance She|et for the|Year Ende|d 31March 2|022||
|---|---|---|---|---|---|---|
|||||2022||2021|
||||Note||||
|Fixed Assets|||||||
|Tangible Fixed Assets|||||5,797|7,533|
|Investments|||||309,108|287,385|
|Current
Assets|||||||
|Trade and other debtors|||10|7,137||4,802|
|Cash and cash equivalents||||164,620||200,101|
|||||171,757||204,903|
|Creditors: amounts|falling due within|one year|11|(5,568)||(9,758)|
|Net Current
Assets|||||166,189|195,145|
|Total Net Assets|||||481,094|490,063|
|Reserves;|||||||
|Income dc Expenditure|Reserve||12||95,727|139,467|
|Extraordinary
Repairs|Reserve (designated)||12||376,443|342,221|
|Extraordinary
Repairs|Reserve (restricted)||12||8,924|8,375|
|Total Reserves|||||481,094|490,063|
##
|||||2022|2021|
|---|---|---|---|---|---|
|Cash flows from operating
activities||||||
|Operating
(deflicit)/surplus|for the year|||(46,379)|128,188|
|Adjustments
for:||||||
|Depreciation oftangible fixed assets||||1,779|2,331|
|Decrease/(increase)|in trade aud other debtors|||(2335)|(1,127)|
|Increase/(decrease)|in trade and other creditors|||(4,190)|2,626|
|Net cash (expended)/generated
from operating|||activities|(51,125)|132,018|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed|assets|||(518)|(5,232)|
|Interest received||||55|63|
|Investment
income||||15,633|11,357|
|Loss on disposal offixed assets||||475|0|
|||||15,645|6,188|
|Net change in cash and cash equivalents||||(35,480)|138,206|
|Cash and cash equivalents|at beginning|ofthe|year|200,101|61,895|
|Cash and cash equivalents|at end ofthe|year||164,621|200,101|
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|No material
estimate
3)Turnover|s
have|been|made in the course ofpreparing
th|ese financial statem|ents.|
|---|---|---|---|---|---|
|||||2022|2021|
|Weekly maintenance|contributions||receivable|66,634|76,898|
|Special events||||1,149|10|
|Donations
and legacies||||3,733|147,823|
|Sundry income||||373|244|
|Visitors fees and booklets||||1,080|1,245|
|Wedding
fees||||||
|Insurance
claim||||820||
|||||73,789|226,220|
|4) Property Management||Expenses||2022|2021|
|Included
in property|management||expenses were staff costs:|||
|Wages and salaries||||27,074|27,411|
|||||27,074|27,411|
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|5)Interest Receivabl||e and O|ther Incom|e|||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|Income from investments|||||||16,315|11,811|
|Bank deposit interest|||||||55|63|
||||||||16,370|11,874|
|6) (Deficit)/Surplus|for the year||||||||
||||||||2022|2021|
|This is stated after charging:|||||||||
|Depreciation,
owned|tangible
fixed assets||||||1,779|2,331|
|Auditor's
remuneration||(net of|VAT)||||1,800|1,500|
|Auditor's
remuneration||for bookkeeping,||payroll &financial||reporting|||
|services (net ofVAT)|||||||4,510|2,980|
|7)Taxation|||||||||
|Sackville College is a||registered|charity, registered||with the Homes and||Communities|Agency and is|
|therefore
exempt from||liability|to taxation|on its income and||capital gains.|||
|8) Tangible Fixed Assets||||||||Equipment|
|Cost|||||||||
|At I April 2021||||||||61,752|
|Additions||||||||518|
|Disposals||||||||(15,946)|
|At 31 March 2022||||||||46,324|
|Depreciation|||||||||
|At I April 2021||||||||54,219|
|Charge for year||||||||1,779|
|Eliminated
on disposal||||||||(15,471)|
|At 31 March 2022||||||||40,527|
|Net BookValue|||||||||
|At 31 March 2022||||||||5,797|
|At 31 March 2021||||||||7,533|
|9)Fixed Asset Investments|||||||||
|Quoted investments||||Extraordinary|||||
|||||Repairs Reserve|||Total|Total|
|||||(designated)|||2022|2021|
|||||||||K|
|Cost at I April 2021|||||112,649||112,649|112,195|
|Accumulated
income|||||682||682|454|
|At 31 March 2022|||||113,331||113,331|112,649|
|Market Value|||||309,108||309,108|287,385|
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|Market value at|I|April 2021|April 2021|April 2021|April 2021|||287,385||
|---|---|---|---|---|---|---|---|---|---|
|Accumulated
income||||||||682||
|Revaluation||||||||21,041||
|Market value at|31||March 2022|||||309,108||
|10)Debtors||||||||||
|||||||||2022|2021|
|Other debtors||||||||512|311|
|Prepayments
and||accrued income||||||6,625|4,491|
|||||||||7,137|4,802|
|11)Creditors,
amounts|||||falling|due within one year||||
|||||||||2022|2022|
|Trade creditors||||||||300|1,827|
|Tax and social security||||||||292|281|
|Accruals &deferred||||income||||4,923|7,569|
|Sundry creditors||||||||53|81|
|||||||||5,568|9,758|
|12)Reconciliation|||ofMovement|||on Funds||||
||||||Extraordinary||Income di|Extraordinary||
||||||Repairs Reserve||Expenditure|Repairs Reserve||
||||||(designated)||Reserve|(restricted)|Total|
|Brought forward|2021|||||342,221|139,467|8,375|490,063|
|Surplus/(Deficit)|for|||the|year|19,222|(28,740)|549|(8,969)|
|Transfer between||funds||||15,000|(15,000)|||
|At 31March 2022||||||376,443|95,727|8,924|481,094|
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|14)Analysis ofNet A|ssets between Funds||||
|---|---|---|---|---|
||Extraordinary|Income
dk|Extraordinary||
||Repairs Reserve|Expenditure|Repairs Reserve||
||(designated)|Reserve|(restricted)|Total|
|Fixed Assets||5,797||5,797|
|Investments|309,108|||309,108|
|Current Assets|67,335|95,498|8,924|171,757|
|Current Liabilities||(5,568)||(5,568)|
|At 31 March 2022|376,443|95,727|8,924|481,094|
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