Charity registration number 225849
THE CHARITY OF JOHN AND NATHANIEL CARTER
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
THE CHARITY OF JOHN AND NATHANIEL CARTER
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr W S Fisher |
|---|---|
| Mrs C E Elkins | |
| Mr J P Wingfield | |
| Mr G Freeman | |
| Clerk to the Trustees | Mrs K A Davies |
| Charity number | 225849 |
| Independent examiner | Argents Accountants Limited |
| 15 Palace Street | |
| NORWICH | |
| Norfolk | |
| United Kingdom | |
| NR3 1RT |
THE CHARITY OF JOHN AND NATHANIEL CARTER
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 13 |
THE CHARITY OF JOHN AND NATHANIEL CARTER
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The Charity was established by the Will of John Carter to provide for his poor kindred forever. Applicants for grants must prove their relationship to him by such evidence; e.g. the provision of full birth, marriage or death certificates, as is required by the Trustees.
The annual meeting is in the first quarter, when those on the roll of kindred are invited to submit applications for grants from the income of the trust fund.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Significant activities
Trustees make grants on the basis of their assessment of the needs and resources of applicants, based on information provided by them. Grants were made to 34 individuals totalling £20,100.
Achievements and performance Financial review
Financial position
The capital endowment of the Trust consists of (1) The farm known as Boarded Barn Farm, Ormesby St Margaret, Norfolk, currently comprising some 112 acres let to farming tenants and (2) investments purchased on the sales of land and farm buildings.
The attached accounts show the current state of the finances. The Trustees consider the position of the Charity is sound. The accounts have been prepared in compliance with the requirement of the Statement of Recommended Practice on Accounting by Charities.
Reserves policy
The Charity continues to maintain sufficient reserves to enable it to meet its continuing obligations. The reserves reflect a substantial proportion of the income accumulated in in readiness for further distributions.
Investment policy and objectives
Investment decisions are managed on a discretionary basis by independent financial advisers, with a view to maintaining a prudent balance between income and capital growth.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees consider that the primary risks affecting the Charity are an ongoing demand for assistance because of the pandemic, the potential volatility of the stock markets, and possible movements in agricultural rental values. However, investments are for the most part in investment trusts.
Structure, governance and management
The Charity was established by the will of John Carter dated 30th day of December 1696. It is registered with the Charity Commission, Number 225849, and is regulated under a Scheme of the Charity Commissioners dated 28th November 1879 as amended by a Scheme dated 12th July 1974.
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THE CHARITY OF JOHN AND NATHANIEL CARTER
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees who served during the year and up to the date of signature of the financial statements were: Mr W S Fisher Mrs C E Elkins Mr J P Wingfield Mr G Freeman
New Trustees are invited to hold office by the existing trustees. A part-time Clerk to the Trustees was appointed in November 2021.
The trustees' report was approved by the Board of Trustees.
Mr G Freeman Trustee
10 October 2022
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THE CHARITY OF JOHN AND NATHANIEL CARTER
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHARITY OF JOHN AND NATHANIEL CARTER
I report to the trustees on my examination of the financial statements of The Charity of John and Nathaniel Carter (the charity) for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mark Johnstone FCA
Argents Accountants Limited 15 Palace Street NORWICH Norfolk NR3 1RT United Kingdom
Dated: 13 October 2022
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THE CHARITY OF JOHN AND NATHANIEL CARTER
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Endowment funds funds 2021 2021 Notes £ £ |
Unrestricted Endowment funds funds 2021 2021 Notes £ £ |
Unrestricted Endowment funds funds 2021 2021 Notes £ £ |
Total Unrestricted Endowment |
Total Unrestricted Endowment |
Total Unrestricted Endowment |
Total |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Income from: | ||||||
| Investments 3 |
31,437 | - | 31,437 | 34,791 | - | 34,791 |
| Expenditure on: | ||||||
| Raising funds 4 |
- | 9,489 | 9,489 | - | 8,198 | 8,198 |
| Charitable activities 5 |
24,541 | - | 24,541 | 26,131 | - | 26,131 |
| Total expenditure | 24,541 | 9,489 | 34,030 | 26,131 | 8,198 | 34,329 |
| Net gains/(losses) on investments 10 |
||||||
| - | 262,526 | 262,526 | - | 153,739 | 153,739 | |
| Net movement in funds | 6,896 | 253,037 | 259,933 | 8,660 | 145,541 | 154,201 |
| Fund balances at 1 January 2021 |
||||||
| 28,540 | 2,685,757 | 2,714,297 | 19,880 | 2,540,216 | 2,560,096 | |
| Fund balances at 31 December 2021 |
||||||
| 35,436 | 2,938,794 | 2,974,230 | 28,540 | 2,685,757 | 2,714,297 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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THE CHARITY OF JOHN AND NATHANIEL CARTER
BALANCE SHEET
AS AT 31 DECEMBER 2021
| Notes | 2021 | 2021 | 2020 | 2020 |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Fixed assets | ||||
| Tangible assets 11 Investment properties 12 Investments 13 Current assets |
2,149 54,669 56,818 (510) |
- 822,720 2,095,202 2,917,922 56,308 2,974,230 |
2,121 48,067 50,188 (1,000) |
252 |
| 822,720 | ||||
| 1,842,137 | ||||
| 2,665,109 | ||||
| Debtors 15 |
||||
| Cash at bank and in hand Creditors: amounts falling due within one year 16 |
||||
| Net current assets | 49,188 | |||
| Total assets less current liabilities | ||||
| 2,714,297 | ||||
| Capital funds | ||||
| Endowment funds - general 17 |
2,938,794 35,436 2,974,230 |
2,685,757 | ||
| Income funds | ||||
| Unrestricted funds | 28,540 | |||
| 2,714,297 |
The financial statements were approved by the Trustees on 10 October 2022
Mr G Freeman Trustee
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THE CHARITY OF JOHN AND NATHANIEL CARTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
Charity information
The Charity of John and Nathaniel Carter is a unincorporated charity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. The Endowment Fund arose from the original bequest of farm land made to provide income for the Trust. Where land has been sold, the proceeds have been reinvested.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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THE CHARITY OF JOHN AND NATHANIEL CARTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies (Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Plant and equipment | 25% on cost |
|---|---|
| Computers | 33% on cost |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the Statement of Financial Activities.
1.8 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.9 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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THE CHARITY OF JOHN AND NATHANIEL CARTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.12 Taxation
The charity is exempt from tax on its charitable activities
1.13 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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THE CHARITY OF JOHN AND NATHANIEL CARTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Investments
| Unrestricted Unrestricted funds funds 2021 2020 £ £ |
Unrestricted Unrestricted funds funds 2021 2020 £ £ |
Unrestricted Unrestricted funds funds 2021 2020 £ £ |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Rental income | 7,400 | 7,400 |
| Equities | 24,005 | 27,313 |
| Interest receivable | 32 | 78 |
| 31,437 | 34,791 |
4 Raising funds
| Endowment Endowment funds funds general general 2021 2020 £ £ |
Endowment Endowment funds funds general general 2021 2020 £ £ |
Endowment Endowment funds funds general general 2021 2020 £ £ |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Investment management | 9,489 | 8,198 |
| 9,489 | 8,198 |
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THE CHARITY OF JOHN AND NATHANIEL CARTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
5 Charitable activities
| Grant making 2021 £ |
Grant making 2021 £ |
Grant making |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Grant funding of activities (see note 6) | 20,100 | 24,250 |
| Share of support costs (see note 7) | 3,561 | 1,841 |
| Share of governance costs (see note 7) | 880 | 40 |
| 24,541 | 26,131 |
6 Grants payable
| Grant making |
Grant making |
Grant making |
Total 2021 |
Grant making |
Total 2020 |
|||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| £ | £ | £ | £ | |||||
| Grants to individuals | 20,100 | 20,100 | 24,250 | 24,250 | ||||
| 20,100 | 20,100 | 24,250 | 24,250 | |||||
| Support costs | ||||||||
| Support costs Governance costs £ £ |
2021 Support costs Governance costs |
2020 | ||||||
| £ | £ | £ | £ | £ | £ | |||
| Depreciation | 252 | - | 252 | 251 | - | 251 | ||
| Administrative expenses | 2,141 | - | 2,141 | 462 | - | 462 | ||
| Insurance | 1,168 | - | 1,168 | 1,128 | - | 1,128 | ||
| Accountancy | - | 880 | 880 | - | - | - | ||
| Legal and professional | - | - | - | - | 40 | 40 | ||
| 3,561 | 880 | 4,441 | 1,841 | 40 | 1,881 | |||
| Analysed between | ||||||||
| Charitable activities | 3,561 | 880 | 4,441 | 1,841 | 40 | 1,881 |
7 Support costs
Governance costs includes payments to the Independent Examiners of £880 for independent examination fees.
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THE CHARITY OF JOHN AND NATHANIEL CARTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
8 Trustees
Each trustee attending the annual meeting received the sum of £20 to defray out of pocket expenses for each meeting attended
9 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. |
10 Net gains/(losses) on investments
| Endowment Endowment funds funds general general 2021 2020 £ £ Revaluation of investments 262,526 153,739 11 Tangible fixed assets |
Endowment Endowment funds funds general general 2021 2020 £ £ Revaluation of investments 262,526 153,739 11 Tangible fixed assets |
Endowment Endowment funds funds general general 2021 2020 £ £ Revaluation of investments 262,526 153,739 11 Tangible fixed assets |
Endowment Endowment funds funds general general 2021 2020 £ £ Revaluation of investments 262,526 153,739 11 Tangible fixed assets |
Endowment Endowment funds funds general general 2021 2020 £ £ Revaluation of investments 262,526 153,739 11 Tangible fixed assets |
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2021 | 2020 | |||
| £ | £ | |||
| 262,526 | 153,739 | |||
| 11 Tangible fixed assets |
||||
| Plant and equipment Computers £ £ Cost At 1 January 2021 441 754 At 31 December 2021 441 754 Depreciation and impairment At 1 January 2021 441 502 Depreciation charged in the year - 252 At 31 December 2021 441 754 Carrying amount At 31 December 2020 - 252 |
Total | |||
| £ | £ | £ | ||
| 441 | 754 | 1,195 | ||
| 441 | 754 | 1,195 | ||
| 441 | 502 | 943 | ||
| - | 252 | 252 | ||
| 441 | 754 | 1,195 | ||
| - | 252 | 252 | ||
| 12 Investment property |
||||
| Fair value At 1 January 2021 and 31 December 2021 |
2021 | |||
| £ | ||||
| 822,720 |
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THE CHARITY OF JOHN AND NATHANIEL CARTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
12 Investment property (Continued)
Investment property comprises of farm land. This is included in the accounts at fair value as estimated by the trustees, using their experience and awareness of similar land values.
13 Fixed asset investments
| Cost or valuation At 1 January 2021 Valuation changes Disposals At 31 December 2021 Carrying amount At 31 December 2021 At 31 December 2020 |
Listed investments £ 1,842,137 262,554 |
Listed investments £ 1,842,137 262,554 |
|---|---|---|
| (9,489) | ||
| 2,095,202 2,095,202 1,842,137 2020 £ 1,842,137 2020 £ 2,121 2020 £ 1,000 |
||
| 14 Financial instruments |
2021 | |
| Carrying amount of financial assets Instruments measured at fair value through profit or loss 15 Debtors Amounts falling due within one year: Other debtors 16 Creditors: amounts falling due within one year |
£ | |
| 2,095,202 | ||
| 2021 | ||
| £ | ||
| 2,149 | ||
| Accruals and deferred income | 2021 | |
| £ | ||
| 510 |
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THE CHARITY OF JOHN AND NATHANIEL CARTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
17 Endowment funds
Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
| Balance at 1 January 2020 £ Permanent endowments Endowment fund 2,540,216 2,540,216 |
Balance at 1 January 2020 £ Permanent endowments Endowment fund 2,540,216 2,540,216 |
Balance at 1 January 2020 £ Permanent endowments Endowment fund 2,540,216 2,540,216 |
Resources expended Revaluations gains and losses Balance at 1 January 2021 |
Resources expended Revaluations gains and losses Balance at 1 January 2021 |
Resources expended Revaluations gains and losses Balance at 1 January 2021 |
Resources expended Revaluations gains and losses Balance at 1 January 2021 |
Resources expended Revaluations gains and losses Balance at 1 January 2021 |
Resources expended Revaluations gains and losses Balance at 31 December 2021 |
Resources expended Revaluations gains and losses Balance at 31 December 2021 |
Resources expended Revaluations gains and losses Balance at 31 December 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |||||
| 2,540,216 2,540,216 |
2,685,757 2,685,757 |
|||||||||
| (8,198) | 153,739 | (9,489) | 262,526 | 2,938,794 | ||||||
| (8,198) | 153,739 | (9,489) | 262,526 | 2,938,794 | ||||||
| 18 Analysis of net assets between funds |
||||||||||
| Unrestricted funds Endowment funds 2021 2021 £ £ Fund balances at 31 December 2021 are represented by: Tangible assets - - Investment properties - 822,720 Investments - 2,095,202 Current assets/(liabilities) 35,436 20,872 35,436 2,938,794 |
Total Unrestricted funds Endowment funds |
Total | ||||||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |||||
| £ | £ | £ | £ | £ | £ | |||||
| - | - | - | 252 | - | 252 | |||||
| - | 822,720 | 822,720 | 822,720 | - | 822,720 | |||||
| - | 2,095,202 | 2,095,202 | 1,842,137 | - | 1,842,137 | |||||
| 35,436 | 20,872 | 56,308 | 49,188 | - | 49,188 | |||||
| 35,436 | 2,938,794 | 2,974,230 | 2,714,297 | - | 2,714,297 |
19 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
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