##
##
|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|
##
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##
|||||||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|||
##
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##
##
||||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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##
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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|