| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| INCOMING RESOURCES | ||||
| Covenanted and voluntary |
income | 2 | ||
| Investment income |
3 | 146,693 | 135,778 | |
| Exceptional income |
4 | 652,022 | ||
| TOTAL INCOME | 798,715 | 135,778 | ||
| RESOURCES EXPENDED | ||||
| Direct charitable | ||||
| Charitable gifts ~0th E* Cht |
10 | 83,050 | 58,276 | |
| Management and administration |
16,631 | 16,892 | ||
| TOTAL EXPENDITURE | 99,681 | 75,168 | ||
| Excess / Deficit ofincome | over | |||
| expenditure for the year |
699,034 | 60,611 | ||
| STATEMENT OF OTHER | RECOGNISED GAINS | |||
| Excess ofincome over | ||||
| expenditure for the year |
699,034 | 60,611 | ||
| Investment gains/Losses: |
||||
| Realised | 531,384 | |||
| Unrealised | (498,397) | 102,162 | ||
| NET MOVEMENT IN FUNDS FOR THE YEAR | 732,021 | 162,772 | ||
| TOTAL FUNDS BROUGHT FORWARD | 3,255,455 | 3,092,683 | ||
| LOSS ON TRANSFER OF | LOAN TO GIFT | |||
| TOTAL FUNDS CARRIED FORWARD | X3,987,475 | K3,255,455 |
| Note | 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||||||
| Investments | 3,467,086 | 3,137,635 | ||||||||
| CURRENT | ASSETS | |||||||||
| Debtors | 3,550 | 3,653 | ||||||||
| Cash at Bank and | in hand | 526,196 | 123,401 | |||||||
| 529,746 | 127,053 | |||||||||
| Less: | ||||||||||
| CURRENT | LIABILITIES | 8 | 9,306 | 9,183 | ||||||
| NET CURRENT | ASSETS/(LIABILITIES) | 520,440 | 117,870 | |||||||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 3,987,525 | 3,255,505 | ||||||||
| CAPITAL | ||||||||||
| Permanent | Endowment | Fund | 9 | 50 | 50 | |||||
| Unrestricted | funds | 9 | 3,987,475 | 3,255,455 | ||||||
| App dbyth |
T | t | . | ,Ijll( 207-1- | 3,987,525 .. d |
ig | d | th | 3,255,505 ' |
| THE NORMAN WHITELEY TRUST | Page 5 | ||
|---|---|---|---|
| NOTES TO THE ACCOUNTS FOR THE | YEARENDED 28r | FEBRUARY 2022 | |
| 2. COVENANTED AND VOLUNTARY INCOME |
2022 | 2021 | |
| Donations from individuals |
|||
| Donations from corporate sponsors |
|||
| 3. INVESTMENT INCOME | 2022 | 2021 | |
| Rental income | 114,814 | 103,794 | |
| Interest receivable on cash deposits |
|||
| Building Society interest receivable | 94 | 299 | |
| Income Irom listed investments | 31,785 | 31,686 | |
| Interest on government stocks |
|||
| Other Income | |||
| f,146,693 | 6135,778 | ||
| 4. EXCEPTIONAL INCOME | 2022 | 2021 | |
| Net proceeds fiom Discover Church sale | |||
| (see note 6.1(c)) | 652,022 | ||
| f652,022 | |||
| 5. MANAGEMENT AND ADMINISTRATIVE EXPENDITURE |
|||
| 2022 | 2021 | ||
| Miscellaneous expenses |
100 | 48 | |
| Bank interest and charges | 153 | 91 | |
| Accountancy charges |
2,118 | 2,130 | |
| Secretarial services | 6,000 | 6,000 | |
| Professional Fees Re Property |
900 | ||
| Property management charges |
8,260 | 7,723 | |
| Repairs and Maintenance | |||
| f16,631 | KI6,892 |
| Cost or Revaluation | ||||||
|---|---|---|---|---|---|---|
| 6.1 INVESTMENT PROPERTIES | 2022 | 2021 | ||||
| The following | investment | properties | are owned by | the Trust: | ||
| 4 dc 4A Market | Street, Ulverston | (purchased | ||||
| 9.11.1994)(revaluation) | 795,000 | |||||
| 35/37 Crescent | Road, Windermere | (purchased | ||||
| 16.12.1994)(revaluation) | 225,000 | 225,000 | ||||
| 31 Stricklandgate Kendal |
(purchased | 17.12.2003) | ||||
| (revaluation) | 450,000 | 450,000 | ||||
| The Riverside | Centre, Kendal (purchased17. 02.2022) | |||||
| (cost) | 282,650 | |||||
| f,1,752,650 | 1,470,000 |
| NOTES TO THE ACCOUNTS FORTHE YEAR ENDED | NOTES TO THE ACCOUNTS FORTHE YEAR ENDED | NOTES TO THE ACCOUNTS FORTHE YEAR ENDED | NOTES TO THE ACCOUNTS FORTHE YEAR ENDED | NOTES TO THE ACCOUNTS FORTHE YEAR ENDED | 2$ FEBRUA | RY 2022 |
|---|---|---|---|---|---|---|
| 6.2 MANAGED FUND AND OTHER INVESTMENTS | ||||||
| 2022 | 2021 | |||||
| Managed fund |
Market value | Cost | Market value | Cost | ||
| Balance Bridge Fund | 1,412,$6$ | 1,325,000 | 1,345,847 | 806,256 | ||
| Cash Funds | 9,471 | 9,471 | 29,721 | 29,721 | ||
| 1,422,340 | 1,334,471 | 1,375,568 | 835,977 | |||
| Other Investments | ||||||
| Building society and cash deposits | 292,096 | 292,096 | 292,067 | 292,067 | ||
| Loans to charitable | organisations | |||||
| 1,714,436 | 1,626,567 | 1,667,635 | 1,128,044 | |||
| 6.3SU~Y | 2022 | 2021 | ||||
| Investment property |
1,752,650 | 1,470,000 | ||||
| Managed fund and |
other investments | 1,714,436 | 1,667,635 | |||
| 3,467,086 | 3,137,635 | |||||
| 7. DEBTORS | 2022 | 2021 | ||||
| Due within one year: | ||||||
| Prepayments and accrued interest |
3,550 | 3,653 | ||||
| Loan to charitable organisation |
||||||
| VAT debtor | ||||||
| 3,550 | 3,653 | |||||
| 8. CREDITORS: Amounts | due within one year | 2022 | 2021 | |||
| Income received in | advance | 5,071 | 5,071 | |||
| Accruals | 2,094 | 2,070 | ||||
| VAT creditor | 2,141 | 2,042 | ||||
| 9,306 | 9,183 |
| 9.2 UNRESTRICTED FUNDS | 2022 | 2021 |
| Funds brought forward |
3,255,455 | 3,092,683 |
| Income and gains for the year | 732,021 | 161,772 |
| Transfer ofloan to a gift | ||
| Funds carried forward | 3,987,475 | 3,255,455 |
| NOTES TO THE | NOTES TO THE | ACCOUNTS FORTH | ACCOUNTS FORTH | ACCOUNTS FORTH | E YEAR ENDED 28 FEB |
RUARY 2022 |
|---|---|---|---|---|---|---|
| 10. CHARITABLE | GIFTS | 2022 | 2021 | |||
| The Lighthouse Cafe |
400 | 2,400 | ||||
| Sarah Allen | 2,400 | 2,400 | ||||
| Donald JMorrison | 3,600 | |||||
| British Youth for Christ | 1,000 | |||||
| Kick London | 2,000 | |||||
| Tim Slater | 1,000 | 500 | ||||
| Mark Bimson | 600 | |||||
| Malcolm & Trish Morgan |
3,600 | 3,300 | ||||
| Sports Reach | 1,670 | 2,004 | ||||
| Shane Vega | 4,000 | |||||
| Bibles for Children | 1.500 | 1,500 | ||||
| Support &,Education | for Eating | Disorders | 5,000 | |||
| Partners Relief&Development | UK | 3,000 | ||||
| Christian &Missionary | Alliance | 3,600 | 3,000 | |||
| Legs4Africa | 500 | |||||
| Mattheus Lemos de Campos |
3,630 | |||||
| Gateway Church Barnsley |
3,000 | 500 | ||||
| Gateway Church Kendal |
3,500 | 1,500 | ||||
| International Aid Trust |
5,100 | 850 | ||||
| Carng for Life | 500 | |||||
| Elizabeth Thomson | 1,020 | |||||
| New Life Church | 3,000 | |||||
| Alpha Osterreich | 1,852 | |||||
| Claude Steinmayer | 3,600 | |||||
| Through the Roof | 2,000 | |||||
| Stuart Newbum | 2,700 | 1,800 | ||||
| YWAM Carlisle | 2,500 | |||||
| Christian Fellowship | School | 1,250 | 1,250 | |||
| Kendal Parish Church | 2,000 | 2,000 | ||||
| Matthew Francey |
1,600 | |||||
| Hope Church Lancaster | 6,000 | |||||
| Discovery | 1,500 | |||||
| Gateway Church Morecambe |
3,000 | |||||
| Passion Trust | 2,000 | |||||
| Chatnow | 2,000 | |||||
| Linnea Nykist | 2,400 | |||||
| Katrina Chase | 1,600 | |||||
| Michelle Brennan | 1,600 | |||||
| Steven Beck | 800 | |||||
| Kayleigh Maxwell | ||||||
| Tian Guo | 1,000 | |||||
| Ryan Muir | 500 | |||||
| Christian Books Worldwide | 2,000 | |||||
| West End Impact | 1,000 | |||||
| Living Hope | 1,000 | |||||
| Luv Preston | 2,400 | 2,400 | ||||
| Emerge UK | 1,000 | |||||
| John Greaves | 3,600 | 600 | ||||
| Anglican International |
Development | 1,000 | ||||
| Andrew Pickford | 800 | |||||
| People International | 1,000 | |||||
| Lancaster University | Christian | 500 | ||||
| Novo UK | 1,800 | 2,400 | ||||
| OICCU | 500 | |||||
| StThomas Community | Connections | 1,000 | ||||
| Liverpool Life Counselling Gifts under f500 |
Service | 1,800 | ||||
| 683,050 | 658,276 |