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|||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|
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||||||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
'|h lf|
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|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|
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|||||||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|
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|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|
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||||
|---|---|---|
|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|
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