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##
|||||Expemlal)le||AI0)iI)aU)e||Fel'au)neo&|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||La&to)ra)en&|nestrle&e&t|En&)civil)eu&|Des&gun&eel|En&teiYnlcn&|Total||
||||)note|Earn)|Funds|Fun&I|I and|Fund)|t)umts|2020|
|||||E||f,||f,|||
|Ii)ca)i)c|||||||||||
|Income f)om Trading||||5,764|||||5,764|23,795|
|Activities|||||||||||
|h)vcstnic)it
hica)1)c||||391,46)0|||31,541|2,130|425,131|306,708|
|hica)iic I&all)|||||||||||
|Chmitablc
Activities|||3c|||688,025|||688,025|566,209|
|Total incoming
Resources||||397,224||688,025|31,541|2,130|1,118,920|896,712|
|Kxpciiditure|||||||||||
|Investment
Mauagenient|||||||||||
|Costs|||40|23,545|||10,147|18,103|52,095|37,507|
|Charitable
Activities|||4b|46,160||1,177,575|||1,223,735|652,736|
|Total Expenditure||||69,705||1,177,575|10,447|18,103|1,275,830|di90,243|
|Nct Income/(Expewliture)|||before Nct||||||||
|Gains nnd Losses|ou|lnvestu)ants||327,519||(489,550)|21,094|(15,973)|(156,910)|206,469|
|Net Gains an&i Losses||ou|Investnients||||||||
|(Loss)/su)pius
an Disposal|||of||||||||
|Inveshuents|||||||6,214|56i,654|62,S68|16,843|
|Gains on Investmenl|Disposals,||||||||||
|Written back|||||||1,393|(48,273)|(46,880)|(79,980)|
|Unrcaiisc&l (Losses)/Gains|||an||||||||
|Investnient
Assets|||||(5,536)||38,323|36)3,008|395,795|304,531|
|Nel Movcmcnt
in Funds||||327,519|(5,536)|(489,550)|67,024|355,416|254,873|447,S63|
|Trnnsfcrs
bebvecn Fwids|||12|(302,919)||374,919|(72,000)||||
|Totnl Irunds, brought||forivnr&1||159,414|68,261|7,648,960|2,613,181|8,783,374|19,273,190|18,825,327|
|Total Funds, cnrrlc&l||fomvar&1||184,014|62,275|7,534,329|2,608,205|9,138,790|19,528,063|19,273,190|
##
|||||Espcudoblc||Almshouse||Pe('uloncnl|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Eu(to)cmcu(|tlcslrtcted|Endo)rmm(i|ncstguoled|Kodo)rmeul|To(at||
||||Sole|FIII I (I|I'u u(II|FIII(tt|lfuu(t|Fun(ts|Fuo(ts|2020|
||||||f.|f,|E|||g|
|FIXrD ASSfTS|||||||||||
|Tangible Assets||||4,378||1,39C),329|||7,400,707|7,584,75CI|
|Investluents|||7||||||||
|Collective Investment|Schenles||||62,725|||3,671,615|3,734,340|3,470,647|
|I'I'oi)cl'ty||||||||3,617,C)98|3,617,698|3,617,698|
|Listed on I&ecognised|||||||||||
|Stock Exchange|||||||1,093,415|1,874,549|2,967,964|2,816,495|
|||||4,378|62,725|7,396,329|1,093,415|9, 163,8C)2|17,720,709|17,489,59C)|
|CURRENT ASSETS|||8||||||||
|Sumhy Debtors and
I'repayments||||71,652||138,000|||209,652|93,552|
|Cash at Bnnk aml in Hand||||208,715|||1,514,790||1,723,505|1,755,856|
|Inter-I'und
Debtor|||11|25,072|||||25,072|25,072|
|||||305,439||138,000|1,514,790||1,958,229|1,874,480|
|CURRENT LIABILITH:S|||9||||||||
|Sundry Creditors||||125,803|||||125,803|65,814|
|Inter-Fuod
Creditor|||Il|||||25,072|25,072|25,072|
|||||125,803||||25,072|150,875|90,886|
|NET ASSETS||||184,014|62,725|7,534,329|2,608,205|9,138,790|19,528,063|19,273,190|
|f(UNDS|||13||||||||
|Expendable
Eh)do)vment|||Fund|184,014|||||184,014|159,414|
|Extraordinmy
Repair Fund
Other Restricted Funds|||||60,214
2,511||||60,214
2,511|65,976
2,285|
|Alnlshouse
Endorvmenl|||Fund|||7,534,329|||7,534,329|7,648,960|
|Dosignated
Fund|||||||2,608,205||2,608,205|2,613,181|
|Pe('n)anent
Budo)vnlenl||Fund||||||9,138,790|9,138,790|8,783,374|
|Total||||184,014|62,725|7,534,329|2,608,205|9,138,790|19,528,063|19,273,190|
##
##
||||Pei lnd to|Ycnr emlml|
|---|---|---|---|---|
||||31/3/22|31/12/20|
|STATKhIKNT OF CASH F)LOWS
C»sh iloiv from operating
activities:
¹t
cast) pravitletl
by (asedin) operating|actlvl(les||(450,024)|4,724|
|Cash llo)v from investing
activities:|||||
|Dividends,
interest and rents liom iwestmcnts|||425,131|306,707|
|Purchase ofproperty,
plmil and cquipmenl|||(4,078)|(491)|
|I'roccc&ls Crom rage ol'invcslmenls|||355,256|285,691|
|Pul'chase
ol hivcstnicnts|||(358,636)|(830,650)|
|IVet cash pravitletl
bv (asctl in) investing|acti&ilies||417,673|(238,743)|
|Change iu cash nnd cnsh equivalents
In|thc||||
|I'cpoi'thig pcl'lod|||(32,351)|(234,019)|
|Cnsh
nn&1 cnsh equivalents
nt the beginning
of the|||||
|reporting
period|||1,755,856|1,989,875|
|Cash nnd cnsh equivalents
nt the eud of(hc|||||
|reporting
pm lo&l|||1,723,505|1,755,856|
|RECONCILIATION
OF NKT INCOiVK/(EXPENDITURE)||TO NKT CASI4|||
|FLOW FROIVI OPERATING ACTIVITIES|||||
|)Vet /neo)eel(evpeatttta)
e)for /lie vepartiag period (aspc) tlir.|||||
|statemeat
of financial
ac/hi/les)|||254,873|447,86)3|
|Ad]ustnlcnts
loi'I|||||
|Depreciation
charges (net of(iwofits)/losses
on dispnsal)|||188,127|149,879|
|(Gains)/losses
on invcstmcnts|||(411,783)|(241,394)|
|Dividends,
interest
mid rents fiom investments|||(425,131)|(306,707)|
|(Increase)/decrease
in debtors|||(116,100)|(65,737)|
|Incrense/(dccrcasc)
in creditors
¹t
et&eh prov/&led
by (assi/ in) operating|activides||59,990
(450,024)|20,820
4,724|
|ANALYSIS OF CASH AND CASH KQUVALKNTS|||||
|Cash in hand|||1,723,505|1,755,856|
|Total cash nnd cash equivalents|||1,723,505|1,755,856|
##
##
##
##
##
##
##
||||||||Perio&1 to|Yea) cndc&l|
|---|---|---|---|---|---|---|---|---|
|3a,|income|froln Trndiug|Activities||||31/3/22|31/12/20|
||Feed-in|la)iffs, Waylcavcs||/c E)nployulent|Allowmlcc||5,76)4|6,646|
||Coronavilns
Job Retention|||Scheme Grants||||17,149|
||||||||K5,764|f23,795|
||All ofthe above income||relates to lhe expendable|||cndolvmcnt|fund as lvas the case in 2020.||
|3b.|Invcstnlcnt
laconic||||||Period to|Year euded|
||||||||31/3/22|31/12/20|
||hlconlc|ffonl lnvcstnlcnt||Pl'opc)'flea|||190,015|I46,890|
||Income|from U.K.Listed||Iuvestmeuts|||233,246|152,336|
||Interest|Receivable|||||1,870|7,482|
||||||||K425,131|K306,708|
|Period to|Year ended|
|---|---|
|31/3/22|31/12/20|
|K688,025|K566),209|
|Investment|trlanagement
Costs|trlanagement
Costs|||Period to|Yenr en&lcd|
|---|---|---|---|---|---|---|
||||||31/3/22|31/12/20|
|Pemlancnt||Endolvment
- Share Manngenlent||Fee|18,103|13,354|
|Designated||Fmld —Share Managenleul|Fee||10,447|4,603|
|Expendable||Endownlcnt-|||||
|hwestment||Property
Repairs|||23,545|19,550|
|Investment||Prope)xy Refurbislunent|||||
||||||K52,095|K37,507|
##
|||NOTL)S 'I'0|TIIEACCOUNTS (CON|TINUED)||
|---|---|---|---|---|---|
|nnlysls|ofcxpcndlturc|on charltnble|nctivities|Pe) iod to|Year ended|
|||||31/3/22|31/12/20|
|Pl'opcl'ty|nllllntcnancc|||218,718|227,025|
|PI'opcl'ty|rcfnibisliment|||501,822|56,423|
|Properly|hlsinancc|||18,523|14,541|
|Utility costs||||16,618|15,502|
|Residents'
reel I'arc||||23,199|21,090|
|Depreciation||||186,631|149,305|
|Supporl|Costs (see note 5a)|||212,064|106,636|
|Govenmnce
(see note 5b)||||46,16)0|62,214|
|||||f1,223,735|f652,736|
##
||cmlo)vment
fun&I (2020;f62 214)|cmlo)vment
fun&I (2020;f62 214)|cmlo)vment
fun&I (2020;f62 214)|cmlo)vment
fun&I (2020;f62 214)|an&If1,177|an&If1,177|575 lo|lhc almshouse
em|loivinent
I'uml (2020:8|590,522).|
|---|---|---|---|---|---|---|---|---|---|---|
|5a.|Support
Costs —All Almshouse||||En&loivmenf||Fuml||Pcrio&l to|Yenr ended|
||||||||||31/3/22|31/12/20|
||Staff costs||||||||76,325|42,569|
||Oftice costs||||||||23,597|16,013|
||Conuninllcatlons
cosls||||||||8,731|5,801|
||Citadel Couit Management|||Fees|||||2,890|2,890|
||Legal an&I Professional||Fees||||||95,955|38,137|
||Sundries||||||||1,983|364|
||Residents
Contributions||Waived||||||777||
||Bank Chaiges||||||||310|288|
||Dcpl'cc)ation||||||||1,496|574|
||||||||||f212,064|f.106,636|
|5b.|Governance Costs-All||Kxpemlnble|||Lrndoivment||Fun&1|Period to|Year ended|
||||||||||31/3/22|31/12/20|
||Salaries||||||||29,661|46),493|
||Officers and Trustees|Liability Insurance|||||||2,084|1,603|
||Audit mid Accountancy||Services||||||14,415|14,118|
||||||||||846,160|862,214|
##
|infl' Costs|||||I'crlod to|Ycnr cndcd|
|---|---|---|---|---|---|---|
||||||31/3/22|31/12/20|
|Wages nnd||Sale ies|||130,610|144,088|
|Social Sccnlliy Coals|||||7,925|9,957|
|Employer|Pellsion Contribnliolls||||2,869|3,051|
|Termination||Paymcnis|(all pnid in tile reporling|period)||17,090|
||||||f,141,404|f.174,186|
##
|||||2022|2020|
|---|---|---|---|---|---|
|||||No.|No,|
|Adnlhlisil'at&oil||||2.5|2.5|
|Cleaning
Gardening||||0.0
1.0|O. l
1.0|
|Pi'Olmrty||ll'lanagenlellt||0.0|1.0|
|||||3.5|4.6|
|Auditors'
nml|Accountmlts'||Remuneration|Period to|Year cu&le&l|
|||||31/3/22|31/12/20|
|Audi(||||4,500|4,500|
|Accountancy|and|other sen|ices|7,715|7,418|
|Irrecoverable|VAT|||2,200|2,200|
|||||f14,415|f14,118|
##
|Cx|Tnngiblc Fixed Assn(s|Tnngiblc Fixed Assn(s|||||
|---|---|---|---|---|---|---|
||||Ahnshouse
Bn&lo&vment
~gun&I~
Alntshouses
for|Kxpen&lal)lc
9
Bixtures nml|Lrndo&vmeni
0
Lensehol&l||
||||Chn& ital&le Use|I'it lings|Imp&'ovemeuts|Total|
||Cost or Vnluntlon||||||
||As at I" Janumy,
Additions|2022|10,130,604|17,147
4,078|29,173|10,176,924
4,078|
||Disposals||||||
||As ai 31"h4arch,|2022|E10,130,604|E21,225|E29,173|E10,181,002|
||Dcp&'ccin(lon||||||
||As at In Jnmm&y,|2022|2,547,644|15,351|29,173|2,592,168|
||Charge for Period||18ChC)31|1,496||188,127|
||Written back||||||
||As at 31"March,|2022|E2,734,275|EIC8847|E29,173|E2,780,295|
||Nei Book Value nt 31/03/2022||f7,396,329|E4,378|E29,173|E7,400,707|
||Nei BookValue|at 31/12/2020|f7,582,960|E1,796||f7,584,756|
##
##
##
##
|d Asset Inv|es(|ments||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Period to|Year ended|
|||||||||31/3/22|31/12/20|
|1nvestments|nt|market vahic couq)rised;||||||||
|hlvcstlncnt|Pl'opcli les|||||||3,617,698|3,617,698|
|Investments|Listed on||Recognised|Stock Exchange||||2,817,633|2,522,802|
|Investments|in|Colleclive liwestment|||Schemes|||3,734,340|3,470,647|
|Cash A)vaiting||hwestment||||||150,331|293,693|
|||||||||f.10,320,002|f9,904,840|
|Mov&nncnts|In|fixed|asset investments|||||||
|||||||Stock Exch.|Collective|Cnsh||
||||||Investment|Listed|Investment|A'lvaltlng||
||||||Properties|Investments|Schc)ncs|Illvcst)nant|Tutal|
|At I"January,
2022
Additiolxs
at Cost|||||3,617,698|2,522,802
501,998|3,470,647|293,693|9,904,840
501,998|
|Changes
in|Market Value|||||132,101|263,693||395,794|
|Disposals at Carrying|||Value|||(339,268)||(143,362)|(482,630)|
|At 31"March,||2022|||3,61 7,698|2,817,633|3,734,340|150,331|10,320,002|
##
##
##
##
|Dist& i(nit(|on of I ixe&l|Asset Inve|stments|stments||||
|---|---|---|---|---|---|---|---|
||||S(ocl& Kxchnngc||Collcctivc|Cash||
||||Invcstlllcnts|Listed|(lives(lilcllt|Aiva it Ill g||
||||Pl'opci'ties|Iilvcstlllcllfs|Scllcll)cs|tuvestment|Total|
|As at 31n|December,|2020||||||
|Pcrnumcut|Endolvnicnt|Fun&I|3,617,698|1,731,613|3,402,386|56,749|8,808,446|
|Restricted|Fnnds||||618,261||68,261|
|Designated|Fund|||791,189||2361,944|l)028,133|
||||3,617,698|2,522,802|3,470,647|293,693|&A904,840|
|historical
co|st ofE25|,122.|||
|---|---|---|---|---|
|Analysis of|Current|Assets|Perio&l to|Yenr ended|
||||31/3/22|31/12/20|
|Debtors|||6,345|9,586|
|Other Debtors and||Prepayments|203,307|83,&/66|
|Cash at Bank mi&l in Hand|||1,723,505|1,755,856|
|Inter-fund|Debtor||25,072|25,072|
||||E1,958,229|E1,874,480|
##
|Analysis of|Current|Liabilities|Period to|Ycnr ended|
|---|---|---|---|---|
||||31/3/22|31/12/20|
|Creditors|||102,897|21,680|
|Accrued Expenses|||22,906|44,134|
|inter-fun&I|Creditor||25,072|25,072|
||||f.I50,875|f90,886|
##
##
##
##
##
|||||Extraor&linn&|Extraor&linn&|v|Ahnshouse||P eI' illnocIII|
|---|---|---|---|---|---|---|---|---|---|
||||Expendable||Repair|Endo&vment||Deslgnnte&l|Emlonnlelit|
||||Linda&valent||Fund||lund|Fund|Fun&1|
|Contribution|to Extraordinaiy||Repair Fund||||72,000|(72,000)||
|Suq&lns Residents Contributions,||||||||||
|excluding|Depreciation|||(302,919)|||302,919|||
|Amount
wi(hdra&vn
fiom Extraordinaiy||||||||||
|Repair Vund||||||||||
|Funds set aside for future development||||||||||
|Almshouse|deposit pnid|||||||||
|Net Imvard/(Ouhvard)
Transfers||||(302,919)|||374,919|(72,000)||
|Analysis ofNovcu&ents||in Fumls||||||||
|||||||Realised aml||||
||||||||Unrcallsed|||
||||Balances at|||Gains/(Losses)||on|Balauces at|
||||01/01/20|Income Expcn&llture|||Investments|Trnnsfers|31/03/22|
|L'xpendable|Endowinent|Fuud|159,414|397,224|(69,705)|||(302,919)|184,014|
|Restricted|funds:-|||||||||
|Exhaordinaiy
Repair Fund
65,976|||||||(5,761)||6)0,215|
|Sugden Bettison Fun&I|||2,285||||225||2,510|
|Almhouse|Endowment|Fund|7,648,96)0|688,025|(1,177,575)|||374,919|7,534,329|
|Designnted|Building Fund||2,613,181|31,541|(10,447)||45,930|(72,000)|2,608,205|
|Permanenl|Endowment|Fund|8,783,374|2,130|(18,103)||371,389||9,138,790|
||||f19,273,19061,II8,920||f(1,275,830)||f411,783||K 1.9,528,063|
|Analysis ofMovements||in Funds —Prior Period||||||||
|||||||Renliscd
nml||||
||||||||Unrealised|||
||||Balances at|||Gains/(Losses)||on|Balnnces at|
||||01/01/20|Income Expenditure|||Investments|Transfers|31/12/20|
|Expendable
Restricted|Endolvrnent
funds, '-|Fund|155,583|310,603|(81,764)|||(225,008)|159,414|
|Extraordin&wy
Repair. Fund
61,956|||||||4,020||65,976|
|Sugdcu Bettison Fund|||2,470||||(185)||2,285|
|Almhouse|Endolvn&eot|Fund|7,732,265|566,209|(590,522)||-|(58,992)|7,648,960|
|Desigimted|Building Fund||2,316,320|19,900|(4,603)||(2,436)|284,000|2,613,181|
|Permanent|Endo&vment|Fund|8,556,733||(13,354)||239,995||8,783,374|
||||f18,825,327|f896,712|(690,243)||241,394||f.19,273,190|
##
##
##