| Page | ||
|---|---|---|
| Charity Information |
||
| Report ofthe Trustees | ||
| Independent Examiners |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements |
| Income | Endowment | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|
| Fund | Fund f |
Total | Total | ||||
| INCOME | |||||||
| Investment income Income from charitable Other income |
activities | 16,875 100,545 13,026 |
16,875 100,545 13,026 |
20,418 71,518 |
|||
| TOTAL INCOME | 130,446 | 130,446 | 91,936 | ||||
| EXPENDITURE | |||||||
| Expenditure on charitable |
activities | 4 | 95,126 | 95,126 | 99,123 | ||
| TOTAL EXPENDITURE | 95,126 | 95,126 | 99,123 | ||||
| NET INCOME BEFORE | |||||||
| GAINS AND LOSSES | ON | INVESTMENTS | 35,320 | 35,320 | (7,187) | ||
| Loss on disposal of investments Surplus on revaluation of |
10 | (22,849) | |||||
| investments | 10 | 78,265 | 78,265 | 35,334 | |||
| TRANSFER IN FUNDS |
(39,143) | 39,143 | |||||
| NET MOVEMENT IN FUNDS FOR THE YEAR |
(3,823) | 117,408 | 113,585 | 5,298 | |||
| Balances brought forward |
at | ||||||
| 1 January 2021 | 93,129 2,010,523 | 2,103,652 | 2,098,354 | ||||
| BALANCES CARRIED | FORWARD | ||||||
| At 31 December 2021 | 89,306 2,127,931 | 2,217,237 | 2,103,652 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| TANGIBLE | FIXEDASSETS | ||||
| Freehold land and buildings |
1,349,706 | 1,349,706 | |||
| FIXEDASSET INVESTMENTS | 10 | ||||
| Investments | at Market Value | 778,225 | 699,960 | ||
| 2,127,931 | 2,049,666 | ||||
| CURRENT | ASSETS | 13 | |||
| Cash at Property Agents | 31,067 | 15,783 | |||
| Cash at Bank | 58,239 | 38,203 | |||
| 89,306 | 53,986 | ||||
| TOTAL NET ASSETS | 2,217,237 | 2,103,652 | |||
| FUNDS | |||||
| Permanent | Endowment | Fund | 2,127,931 | 2,010,523 | |
| Accumulated | Income Fund | 89,306 | 93,129 | ||
| 2,217,237 | 2,103,652 |
| EXPENDITU | RE ON CHARITABLE | ACTIVITIES | |||
|---|---|---|---|---|---|
| Income | Endowment | 2021 | 2020 | ||
| Fund | Fund | Total | Total | ||
| Grants (note Direct costs Governance |
7) (note 5) costs (note 6) |
16,931 76,534 888 |
16,931 76,534 888 |
57,871 40,250 1,002 |
|
| 94,353 | 94,353 | 99,123 |
| DIRECT COSTS | ||||||
|---|---|---|---|---|---|---|
| Income Endowment | 2021 | 2020 | ||||
| Fund | Fund | Total | Total | |||
| f | ||||||
| Insurances | 1,155 | 1,155 | 3,961 | |||
| Gas | 773 | 773 | 1,010 | |||
| Property maintenance Legal and professional fees Administration/Clerk fees |
36,478 4,587 12,000 |
36,478 4,587 12,000 |
1,506 10,361 13,000 |
|||
| Property agents fees Subscriptions Sundry administration |
costs | 21,866 249 199 |
21,866 249 199 |
9,296 236 880 |
||
| 76,534 | 76,534 | 40,250 |
| Income | Endowment | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|
| Fund | Fund | Total | Total | ||||
| Accountancy | fees | —independent | review | 888 | 888 | 1,002 | |
| 888 | 888 | 1,002 |
| DP School New Life Church Other |
6,615 5,000 5,316 |
||||||
|---|---|---|---|---|---|---|---|
| 16,931 | |||||||
| 8. 2020 COMPARATIVES |
FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||||
| Income | Endowment | 2020 | 2019 | ||||
| INCOME | Fund | Fund f |
Total Total f. |
||||
| Investment income Income from charitable activities |
20,418 71,518 |
20,418 71,518 |
17,045 72,174 |
||||
| TOTAL INCOME | 91,936 | — | 91,936 | 89,219 | |||
| EXPENDITURE | |||||||
| Expenditure on charitable |
activities | 4 | 99,123 | - | 99,123 | 80,159 | |
| TOTAL EXPENDITURE | 99,123 | - | 99,123 | 80,159 | |||
| NET INCOME BEFORE | |||||||
| GAINS AND LOSSES ON | INVESTMENTS | (7,187) | (7,187) | 9,060 | |||
| Loss on disposal of investments Surplus on revaluation of |
10 | (22,849) | (22,849) | ||||
| investments | 10 | 35,334 | 35,334 | 26,225 | |||
| NET MOVEMENT IN FUNDS FOR THE YEAR |
(7,187) | 12,485 | 5,298 | 35,285 | |||
| Balances brought forward |
at | ||||||
| 1 January 2020 | 100,316 | 1,998,038 | 2,098,354 | 2,063,069 | |||
| BALANCES CARRIED FORWARD | |||||||
| AT 31 December 2020 | 93,129 | 2,010,523 2,103,652 | 2,098,354 |
| 9. | TANGIBLE FIXEDASSETS | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Freehold | land and buildings | at valuation | 1,349,706 | 1,253,719 | |
| Additions | (West Street Refurbishment) | 55,987 | |||
| 1,349,706 | 1,349,706 |
| Market value | Listed | 2021 | ||
|---|---|---|---|---|
| Securities | Total | |||
| At 1 January 2021 | 699,960 | 699,960 | ||
| Revaluations | 78,265 | 78,265 | ||
| At 31 December 2021 | 778,225 | 778,225 | ||
| Listed securities comprise | UK fund investments. | |||
| The cost associated | with | these investments | isf631,575(2020:F631,575). |
| Year Ende | d 31Decem | ber 2021 | ||||
|---|---|---|---|---|---|---|
| As at | Other | As at | ||||
| 1 January 2021 |
Income | Expenditure | Movements | 31 December 2021 |
||
| Income fund | 93,129 | 130,466 | (94,353) | (54,926) | 89,306 | |
| Permanent | endowment | 2,010,523 | 113,191 | 2,127,931 | ||
| 2,103,652 | 130,466 | (94,353) | 78,265 | 2,217,237 |
| As at | Other | As at | ||||
|---|---|---|---|---|---|---|
| 1 January 2020 |
Income | Expenditure | Movements | 31 December 2020 |
||
| Income fund | 100,316 | 91,936 | (99,123) | 93,129 | ||
| Permanent | endowment | 1,998,038 | 12,485 | 2,143,714 | ||
| 2,098,038 | 91,936 | (99,123) | 12,485 | 2,103,652 |
| At | 31 December 2021 | 31 December 2021 | At | 31 December 2020 | 31 December 2020 | |||
|---|---|---|---|---|---|---|---|---|
| Income | Permanent | Total | Income | Permanent | Total | |||
| Fund | Endowment | Funds | Fund | Endowment | Funds | |||
| E | ||||||||
| Tangible fixed assets | 1,349,706 | 1,349,706 | 39,143 | 1,310,563 | 2,049,666 | |||
| Fixed asset investments | 778,225 | 778,225 | 699,960 | 699,960 | ||||
| Current assets | 74,022 | ?4,022 | 53,986 | 53,986 | ||||
| 74,022 | 2,127,931 | 2,201,953 | 93,129 | 2,010,523 | 2, | 103,652 |