##
|Reference and administrative|Reference and administrative|details||
|---|---|---|---|
|Trustees:||G Connell||
|||V M Wightman||
|Principal Offic:||c/o Wilkin Chapman|LLP|
|||The Maltings||
|||11-15Brayford Wharf East||
|||Lincoln||
|||LNS 7AY||
|Bankers:||The Royal Bank ofScotland pic||
|||Sheffield Church street Branch||
|||5 Church Street||
|||Sheffield||
|||511HF||
|Estate Agents||Blundells||
|||896Ecclesall Road||
|||Sheffield||
|||5118TP||
|Independent|Examiner:|0 F Booker FCA||
|||38Moorside||
|||Sheffield||
|||5104LN||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Income||Note|2023
f|2022f|
|---|---|---|---|---|
|Rents less expenses|||72,073|74,129|
|Investment
income|||2,780|2 122|
|Interest receivable|||99|2|
||||74,952|76,253|
|Expenditure|||||
|Cost ofgenerating
funds||2|86197|60533|
|Excess ofincome over expenditure|before gains on investments||(11,245)|15,720|
|Gains/(losses)
on investments||4|~10571|5 565|
|Net movement
in funds|||(21,816)|21,285|
|Total funds brought forward|||2 255 520|2 234 335|
|Total funds carried forward|||~2233 804|~2255 620|
|There are no restdcted funds|||||
##
||Note|2023f|2022
f|
|---|---|---|---|
|Freehold properties||2,040,000|2,040,000|
|Quoted investments||125465|~157435|
|||2,165,465|2,197,435|
|Cash with Estate Agents||28,690|12,319|
|Cash at bank||33,719|30,840|
|Cash with Solicitors||8090|19826|
|||2,235,964|2,260,420|
|Creditors||~2160|~4800|
|Total net assets||~3804|2~2|
|Represented
by:||||
|Trust Fund —unrestricted||2~23
JK5|255620|
##
##
##
##
##
##
##
##
|othe financial statemen|othe financial statemen|othe financial statemen|ts
continued.|||
|---|---|---|---|---|---|
|2
Costs ofgenerating|||funds|||
|||||2023|2022|
|||||E|E|
|Property Costs||||||
|Estate Agents collection|||charges and disbursements|14,018|14,629|
|Property Management|||Charges|23,573|16,438|
|Repairs —general||||25,723|18,787|
|Council tax|on empty|properties||105|61|
|||||63,419|49,915|
|Other costs||||||
|Legal administration||charge||19,879|7,590|
|Investment|managers'|fees||1,399|1,528|
|Independent|examiner's||fees|1500|1500|
|||||86 197|60533|
|3Investment|Income|||2023|2022|
|||||f|f|
|Dividend
income||||||
|||||~2780|2 122|
|4Net Gains|on Investments|||||
|||||2023|2022|
|||||f|f|
|Realised gain on quotedinvestment||||1,875|3,214|
|(losses)/gains|on quoted||investments|~12446|2 351|
|||||10571|5565|
|5Freehold Properties||||||
|||||E||
|Balance at|beginning|||2,040,00||
|Additions||||||
|Disposals||||||
|Revaluation||||||
|Balance at|end ofyear|||2,040,000||
##
|6 Quoted
Investments|||
|---|---|---|
|||6|
|Balance at beginning
ofyear||157,435|
|Transfer to client account||(20,0000)|
|Investment
managers fees||(1,399)|
|Gains on sales ofinvestment||1,875|
|Decrease in Market value||~12446|
|Balance at end ofyear||125465|
|Quoted investments
of historical costs at 5u April 2023||118299|
|7Creditors|2023|2022|
|Professional
charges|f|f|
|Independent
Examiner Fees|1,500|1,500|
|Legal administration
charges||2,640|
|Other creditors|660|660|
||2 160|4800|
##
##
##
##
##
##
##
|Reference and administrative|Reference and administrative|details||
|---|---|---|---|
|Trustees:||6 Connell||
|||V M Wightman||
|Prlncipa IOfff|ce:|c/o Wilkin Chapman|LLP|
|||The Maltings||
|||11—15Brayford Wharf East||
|||Lincoln||
|||LN5 7AY||
|Bankers:||The Royal Bank ofScotland pic||
|||Sheffield Church street Branch||
|||5 Church Street||
|||Sheffield||
|||511HF||
|Estate Agents||Blundells||
|||896Ecclesall Road||
|||Sheffield||
|||5118TP||
|Independent|Examiner:|0 FBooker FCA||
|||38Moorside||
|||Sheffield||
|||5104LN||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2023|2022|
|---|---|---|---|---|
|Income|||E|E|
|Rents less expenses|||72,073|74,129|
|Investment
income|||2,780|2,122|
|Interest receivable|||99|2|
||||74,952|76,253|
|Expenditure|||||
|Cost ofgenerating
funds||2|86 197|60533|
|Excessofincome over expenditure|before gains on investments||(11,245)|15,720|
|Gains/(losses)
on investments||4|~10571|5565|
|Net movement
in funds|||(21,816)|21,285|
|Total funds brought forward|||2 2M~62|2 234335|
|Total funds carried forward|||2233804|2 255 620|
|There are no restricted funds|||||
##
||Note|2023f|2022
E|
|---|---|---|---|
|Freehold properties||2,040,000|2,040,000|
|Quoted investments||~125465|~157435|
|||2,165,465|2,197,435|
|Cash with Estate Agents||28,690|12,319|
|Cash at bank||33,719|30,840|
|Cash with Solicitors||8090|19826|
|||2,235,964|2,260,420|
|Creditors||L22160|~4800|
|Total net assets||~2|22S5~|
|Represented
by:||||
|Trust Fund —unrestricted||~28|225|
##
##
##
##
##
##
##
##
##
##
|othe financial statemen|othe financial statemen|othe financial statemen|ts
continued.|||
|---|---|---|---|---|---|
|2
Costs ofgenerating|||funds|||
|||||2023|2022|
|||||f|f|
|Property Costs||||||
|Estate Agents collection charges and disbursements||||14,018|14,629|
|Property Management|||Charges|23,573|16,438|
|Repairs —general||||25,723|18,787|
|Council tax|on empty|properties||105|61|
|||||63,419|49,915|
|Other costs||||||
|Legal administration||charge||19,879|7,590|
|Investment|managers'||fees|1,399|1,528|
|Independent|examiner's fees|||1500|1500|
|||||86197|~60533|
|3Investment|Income|||2023|2022|
|||||f|E|
|Dividend
income||||||
|||||2 780|2 122|
|4 Net Gains|on Investments|||||
|||||2023|2022|
|||||E|f|
|Realised gain on quotedinvestment||||1,875|3,214|
|(losses)/gains|on quoted investments|||~12446|2 351|
|||||~10571|5565|
|5 Freehold Properties||||||
|||||E||
|Balance at|beginning|||2,040,00||
|Additions||||||
|Disposals||||||
|Revaluation||||||
|Balance at|end ofyear|||2,040,000||
##
||||E|
|---|---|---|---|
|Balance at beginning|ofyear||157,435|
|Transfer to client account|||(20,0000)|
|Investment
managers|fees||(1,399)|
|Gains on sales ofinvestment|||1,875|
|Decrease in Market value|||~12446|
|Balance at end ofyear|||125465|
|Quoted investments|ofhistorical costs at 5'" April 2023||118299|
|7Creditors||2023|2022|
|Professional
charges||E|E|
|Independent
Examiner Fees||1,500|1,500|
|Legal administration|charges||2,640|
|Other creditors||660|660|
|||~2160|~4800|
##
##
##
##
##