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|||Page|
|---|---|---|
|Charity
Information|||
|Report ofthe Trustees|||
|Independent
Examiners|Report||
|Statement
of Financial|Activities||
|Balance Sheet|||
|Notes to the Financial Statements|||
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|||||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|
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|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|
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|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|
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|||||Income|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|
|||||Fund|Fund|Total|Total|
|Accountancy|fees|—independent|review|888||888|1,002|
|||||888||888|1,002|
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|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|
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|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|
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|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).||
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|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|
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|||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|
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