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2024-04-05-accounts
|
|
2024 |
2023 |
| Income |
Note |
£ |
£ |
| Rents receivable |
|
87,864 |
72,073 |
| Investment income |
3 |
2,060 |
2,780 |
| Interest receivable |
|
336 |
99 |
|
|
90,260 |
74,952 |
| Expenditure |
|
|
|
| Cost of generating funds |
2 |
161,476 |
86,197 |
| Excess of income over expenditure before gains on |
|
(71,216) |
(11,245) |
| investments |
|
|
|
| Gains/(losses) on investments |
4 |
5 932 |
(10,571) |
| Net movement in funds |
|
(65,284) |
(21,816) |
| Total funds brought forward |
|
2,233,804 |
2,255,620 |
| Total funds carried forward |
|
2,168,520 |
2,233,804 |
| There are no restricted funds |
|
|
|
|
|
2024 |
2023 |
|
Note |
|
|
| Freehold properties |
5 |
2,040,000 |
2,040,000 |
| Quoted investments |
6 |
80,480 |
125,465 |
|
|
2,120,480 |
2,165,465 |
| Cash with Estate Agents |
|
1,502 |
28,690 |
| Cash at bank |
|
36,828 |
33,719 |
| Cash with Solicitors |
|
11,870 |
8,090 |
|
|
2,170,680 |
2,235,964 |
| Creditors |
7 |
(2,160) |
(2,160) |
| Total net assets |
|
2,168,520 |
2,233,804 |
| Represented by: |
|
|
|
| Trust Fund — unrestricted |
|
2,168,520 |
2,233,804 |
| 2 Costs of generating funds |
2024 |
2023 |
|
£ |
£ |
| Property Costs |
|
|
| Estate Agents collection charges and disbursements |
14,590 |
14,018 |
| Property Management Charges |
17,997 |
23,573 |
| Repairs — general |
104,755 |
25,723 |
| Council tax on empty properties |
1,077 |
105 |
|
138,419 |
63,419 |
| Other costs |
|
|
| Legal administration charge |
20,640 |
19,879 |
| Investment managers' fees |
917 |
1,399 |
| Independent examiner's fees |
1,500 |
1,500 |
|
161,476 |
86,197 |
| 3 Investment Income |
2024 |
2023 |
|
£ |
£ |
| Dividend Income |
2,060 |
2,780 |
| 4 Net Gains on Investments |
|
|
| Realised gains on quoted investments |
(296) |
1,875 |
| Gains on quoted investments |
6,228 |
(12,446) |
|
5,932 |
(10,571) |
| 5 Freehold Properties |
|
|
|
E |
|
| Balancing at beginning |
2,040,000 |
|
| Additions |
- |
|
| Disposals |
- |
|
| Revaluation |
|
|
| Balance at end of year |
2,040.000 |
|
| 6 Quoted Investments |
|
|
|
E |
|
| Balancing at beginning of year |
125,465 |
|
| Transfer to client account |
(50,000) |
|
| Investment managers fees |
(917) |
|
| Less on sales of investment |
(296) |
|
| Increase in Market Value |
6,228 |
|
| Balance at end of year |
80,480 |
|
| Quoted Investments of historical costs at 5thApril 2024 |
69,599 |
|
| 7 Creditors |
2024 |
2023 |
| Professional Charges |
£ |
£ |
| Independent Examiner Fees |
1,500 |
1,500 |
| Other creditors |
660 |
660 |
|
2,160 |
2,160 |
| Reference and administrative details |
|
| Trustees: |
G Connell |
|
V M Wightman |
| Principal Office & Trust Solicitors: |
Wilkin Chapman LLP — (to April 2024) |
|
The Maltings |
|
11 — 15 Brayford Wharf East |
|
Lincoln |
|
LN5 7AY |
|
Weightmans LLP (from May 2024) |
|
1 Whitehall Riverside |
|
Whitehall Road |
|
Leeds |
|
LS1 4BN |
| Bankers: |
The Royal Bank of Scotland plc |
|
Sheffield Church street Branch |
|
5 Church Street |
|
Sheffield |
|
Si 1HF |
| Estate Agents: |
Blundells |
|
896 Ecclesall Road |
|
Sheffield |
|
S11 8TP |
| Independent Examiner: |
D F Booker FCA |
|
38 Moorside |
|
Sheffield |
|
S10 4LN |
|
|
2024 |
2023 |
| Income |
Note |
£ |
£ |
| Rents receivable |
|
87,864 |
72,073 |
| Investment income |
3 |
2,060 |
2,780 |
| Interest receivable |
|
336 |
99 |
|
|
90,260 |
74,952 |
| Expenditure |
|
|
|
| Cost of generating funds |
2 |
161,476 |
86,197 |
| Excess of income over expenditure before gains on |
|
(71,216) |
(11,245) |
| investments |
|
|
|
| Gains/(losses) on investments |
4 |
5,932 |
(10,571) |
| Net movement in funds |
|
(65,284) |
(21,816) |
| Total funds brought forward |
|
2,233,804 |
2,255,620 |
| Total funds carried forward |
|
2,168,520 |
2,233,804 |
|
|
2024 |
2023 |
|
Note |
|
|
| Freehold properties |
5 |
2,040,000 |
2,040,000 |
| Quoted investments |
6 |
80,480 |
125,465 |
|
|
2,120,480 |
2,165,465 |
| Cash with Estate Agents |
|
1,502 |
28,690 |
| Cash at bank |
|
36,828 |
33,719 |
| Cash with Solicitors |
|
11,870 |
8,090 |
|
|
2,170,680 |
2,235,964 |
| Creditors |
7 |
(2,160) |
(2,160) |
| Total net assets |
|
2,168,520 |
2,233,804 |
| Represented by: |
|
|
|
| Trust Fund — unrestricted |
|
2,168,520 |
2,233,804 |
| 2 Costs of generating funds |
2024 |
2023 |
|
£ |
£ |
| Property Costs |
|
|
| Estate Agents collection charges and disbursements |
14,590 |
14,018 |
| Property Management Charges |
17,997 |
23,573 |
| Repairs — general |
104,755 |
25,723 |
| Council tax on empty properties |
1.077 |
105 |
|
138,419 |
63,419 |
| Other costs |
|
|
| Legal administration charge |
20,640 |
19,879 |
| Investment managers' fees |
917 |
1,399 |
| Independent examiner's fees |
1.500 |
1.500 |
|
161.476 |
86.197 |
| 3 Investment Income |
2024 |
2023 |
|
£ |
£ |
| Dividend Income |
2,060 |
2,780 |
| 4 Net Gains on Investments |
|
|
| Realised gains on quoted investments |
(296) |
1,875 |
| Gains on quoted investments |
6,228 |
(12,446) |
|
5,932 |
(10,571) |
| 5 Freehold Properties |
|
|
|
E |
|
| Balancing at beginning |
2,040,000 |
|
| Additions |
|
|
| Disposals |
|
|
| Revaluation |
|
|
| Balance at end of year |
2,040,000 |
|
| 6 Quoted Investments |
|
|
|
£ |
|
| Balancing at beginning of year |
125,465 |
|
| Transfer to client account |
(50,000) |
|
| Investment managers fees |
(917) |
|
| Less on sales of investment |
(296) |
|
| Increase in Market Value |
6,228 |
|
| Balance at end of year |
80,480 |
|
| Quoted Investments of historical costs at 5thApril 2024 |
69,599 |
|
| 7 Creditors |
2024 |
2023 |
| Professional Charges |
£ |
£ |
| Independent Examiner Fees |
1,500 |
1,500 |
| Other creditors |
660 |
660 |
|
2.160 |
2.160 |