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2021-12-31-accounts

Trustees J.H.Allen
J.L.Allen
P.R.McGown
R. Phillips
C.L.Smith
A, Wooiger
P.J.Hale
K.Bezant
Secretary G.K. Papp
Charity number 228129
Company number 750390
Registered office The Trust Office Moor Park
21-23Heath Road
Stockport
SK2BJJ
Auditor Clarke 8 Co
Acorn House
33 Churchfield Road
London
W3 BAY
Bankers National
Westminster		 Bank pic
1 High Street
Weybridge
Surrey
KT"l3 8AY

Page
Trustees'
report		 1-3
Statement oftrustees' responsibilities
Independent
auditor's		 report 5-7
Statement offinancial activities 8-9
Balance sheet 14
Statement ofcash flows 10
Notes to the financial statements 11-24

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2021 2020
Notes
Cash flows from operating activities
Cash (absorbed
by)/generated		 from 23
operations (262,017) 2,534,398
Investing activities
Purchase oftangible fixed assets (790,644) (2,397,004)
Proceeds on disposal oftangible fixed
assets 367,934
Purchase of investment
property		 (118,800)
Purchase ofother investments (36,387)
Proceeds on disposal ofother investments 48,204 (164,712)
Investment income received 553,282 521,794
Net cash
Investing		 generated
froml(used
in)
activities		 142,389 (2,158,722)
Net cash used in financing activities
Net (decrease)/increase
in
equivalents		 cash and cash (119,628) 375,676
Cash and cash equivalents
at beginning		 ofyear 1,935,823 1,560,147
Cash and cash equivalents at end ofyear 1,816,195 1,935,823

2021 2020
Notes
Fixed assets
Tangible assets 13 4,220,137 3,875,087
Investment properties 12 4,440,200 4, "IB3,800
8,660,337 8,038,887
Current assets
Debtors 15 224,322 247,327
Investments 16 1,586,130 1,418,604
Cash at bank and in hand 1,816,195 1,935,823
3,626,647 3,601,754
Creditors: amounts falling due within
one year 17 (49,184) (56,532)
Net current assets 3,577,483 3,545,222
Total assets less current liabilities 12,237,800 11,584,109
Capital funds
Endowment funds 104,089 104,089
Income funds
Restricted
U
st't		 funds
dfund-		 2,770,966 2,707,021
General unrestricted funds 6,099,894 6,188+52
Revaluation reserve 3,262,851 2,584,747
9,362,745 8,772,999
12,237,800 11,584,109
The fin
nclal st		 ments were approved by the Trustees on .k0"..Pe....~&.&
J.
rustee Trustee

Unrestricted Restricted Total Restricted
funds funds funds
general
2021 2021 2021 2020
E
Net gain on disposal oftangible fixed assets 6,684 5,236 11,920
Other income 5 5
Gifts and donation on business combination 5,305 5,305 2,684,077
6,689 10,541 17,230 2,684,077
Unrestricted Restricted Total Unrestricted
funds funds funds
general general
2021 2021 2021 2020
s s
cu		 e on runni aintai
lnv s 0 s
Other costs 48,441 48,441 36,738
Staff costs 66,840 66,840 68,370
Support costs 93,277 93,277 102,872
Costs incurred on running and maintaining UK
investment properties 208,558 208,558 207,980
Investment mana e e 9,095 9,095
208,558 9,095 217,653 207,980

Running
&		 Depreciation Total Running
&		 Depreciation Total
maintaining and 2021 maintaining and 2020
UK charitable impairment UK charitable impairment
properties properties
2021 2021 2020 2020
Depreciation
and impairment 89,580 89,580 85,251 85,251
Legal end
professions!
fees 7,345 7,345
Direct costs 108,681 108,681 108,839 108,839
Donations
and
grants payabie 39,458 39,458 19,153 19,153
155,484 89,580 245,064 127,992 85,251 213,243
Share of support
cost 40,185 40,185 33,777 33,777
Share of
governance
costs 34,347 34,347 30,403 30,403
230,016 89,580 319,596 192,172 85,251 277,423
Analysis
by
fund
Unrestricted
funds - general 222,671 62,513 285,184 192,172 59,260 251,432
Restricted funds 7,345 27,067 34,412 25,991 25,991
230,016 89,580 319,596 192,172 85,251 277,423
Auditor's
remuneration
Fees payable to the trust's
auditor and associates:		 2021 2020
F
Audit ofthe trust's annual accounts 9,924 9,924

The average monthly
numbe		 r emplo yees
du		 ring the year was:
2021 2020
Number Number
Oflice and management
Operational
Employment costs 2021 2020
Wages and salaries 197,884 194,185
The number of employees whose annual remuneration was 660,000 or
more were:
2021 2020
Number Number
660,000 - 870,000 1
f70,000 - F80,000

Net gains/( losses)
on		 investments
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
general general
2021 2021 2021 2020 2020 2020
Revaluation of
investments 81,404 49,735 131,139 48,548 44,972 93,520
Gain/(loss) on sale of
investments 32,193 16,011 48,204 (2,079) (2,079)
Revaluation of
investment properties 261,000 15,400 276,400 (330,000) (330,000)
374,597 81,146 455,743 (283,531) 44,972 (238,559)

12 Investment property
202'I
Fair value
At 1 January 2021 4,163,800
Net gains or losses through fair value adjustments 276,400
At 31 December 2021 4,440,200
2021 2020
Freehold 4,440,200 4,163,800
Long leasehold
Shortleasehold

13 Tangible fixed assets Tangible fixed assets Tangible fixed assets
Land and Plant and Fixtures, Motor vehicles Total
buildings machinery fittings &
equipment
F
Cost
At 1 January 2021 4,656,769 85,567 46,794 37,178 4,826,308
Additions 790,644 790,644
Disposals (370,707) (24,999) (395,706)
At 31 December 2021 5,076,706 85,567 46,794 12,179 5,221,246
Depreciation and impairment
At 1January 2021 789,480 85,537 45,276 30,928 951,221
Depreciation charged in the year 89,098 29 453 89,580
Accumulatred depreciation brought
forward
on business		 combination 188,186
Eliminated
in		 respect ofdisposals (20,942) (18,750) (39,692)
At 31 December 2021 857,636 85,566 45,729 12,178 1,001,109
Carrying
amount
At 31 December 2021 4,219,070 1 1,065 1 4,220,137
At 31 December 2020 3,867,289 30 1,518 6,250 3,875,087
2021 2020
Freehold 5,076,706 4,656,769
14 Financial instrulnents 2021 2020
Carrying amount of financial assets
Instruments
measured		 at fair value through profit or loss 1,586,130 1,418,604
15 Debtors
2021 2020
Amounts falling due within one year:
Trade debtors 14,689 1,921
Other debtors 6,793 41,060
Prepayments
and accrued income		 2,840 4,346
24,322 47,327

15 Debtors (Continued)
2021 2020
Amounts
falling due after more than one year:		 E
Other debtors 200,000 200,000
Total debtors 224,322 247,327
16 Current asset invest ments
2021 2020
R R
Unlisted investments 1,586,130 1,418,604
17 Creditors: amounts falling due within one year
2021 2020
Notes R
Deferred income 18 5,991
Trade creditors 33,269 38,568
Accruals and deferred income 9,924 17,964
49,184 56,532
18 Deferred income
2021 2020
Arising
from deferred		 rental income 5,991
Deferred income is included in the financial statements as follows:
2021 2020
R
Deferred income is included within:
Current liabilities 5,991
Movements
in the year:

18 Deferred income (Continued)
Deferred income at 1 January 2021
Resources deferred in the year 5,991
Deferred income at 31 December 2021 5,991
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Cash generated
from operations		 Cash generated
from operations		 2021 2020
Surplus for the year 653,691 2,638,454
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (553,282} (521,794)
Gain on disposal oftangible
fixed assets		 (11,920)
(Gain)/loss
on disposal ofinvestments		 (48,204) 2,079
Fair value gains and losses on investment properties (276,400) 330,000
Fair value gains and losses on investments (131,139) (93,520)
Depreciation
and impairment
oftangible fixed assets		 89,580 273,437
Movements
in working capital:
Decrease/(increase)
in debtors		 23,005 (107,194)
(Decrease)/increase
in creditors		 (13,339) 12,936
Increase
in deferred
income		 5,991
Cash (absorbed by)/generated from operations (262,017) 2,534,398

2021 2020
Inco
eand E d		 e fro
Rent and service charges 685,494 649,479
Interest 18,865 25,717
Dividend
Income		 13,603 3,143
Sundry income
Total Income and Endowments 717,972 678,339
~Edit
Operational
salaries		 57,907 61,428
Management
fees and		 Administrator's salary 107,587 89,035
Administrative
salary costs		 21,579 29,773
Employers
pension		 contributions 10,812 15,163
Rent and rates 5,078 4,939
Repairs 8 renewals 61,860 82,688
Carecall 4,624 4,362
Lighting and heating 14,106 13,224
Telephone 2,693 2,178
Computer costs 7,299 975
Car expenses 2,717 5,368
Bank charges and Interest 795
General expenses 9,083 2,315
Insurance 24,223 29,616
Travelling 3,584 1,163
Postage and stationery 1,420 2,052
Professional fees 72,920 42,019
Profit and loss on disposal ofPPE (11,920)
Depreciation 89,580 85,251
Grants and Donations 39,458 19,154
Total Charitable
Expenditure		 525,329 491,698
Profit or Loss from Charitable Activities 192,643 186,641
Carried Forward

2021 2020
Profit or Loss from Charitable Activities
(Continued)
Brought Fonvard 192,643 186,641
Gains/ loss s o I vestments
Gains/(losses)
on
investments		 disposal of current asset 48,204 (2,079)
Gains/(losses)
on		 revaluation of investment Property 276,400 (330,000)
Gains/(losses)
on		 revaluation of current asset 131.139 93,520
investments
Other Non-0
eratin
Income
Gifts and donation assets on business combination 5,305 2,684,077
Surplus for the Year 653,691 2,632,159