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|||Page|
|---|---|---|
|Information|||
|Board ofTrustees Report|||
|Statement ofThe Board's|Responsibilities||
|Independent
Examiner's|Report||
|Statement ofComprehensive
Income|||
|Statement ofFinancial Position|||
|Statement ofCash Flows|||
|Statement ofChanges In|Reserves||
|Notes to the Financial Statements||9-13|
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|Registered Charity Number:|Registered Charity Number:|229556|
|---|---|---|
|Trustees:||RH Lamb (Chairman)|
|||TEShuldham|
|||Mrs JA Kay
Mrs JCalverley|
|||Mrs JShuldham|
|Clerk to the Trustees:||G Day|
|||c/o Jones &Co|
|||Solicitors|
|||5Churchgate|
|||Retford|
|||Notts|
|||DN22 6PB|
|Independent|Examiners:|Hepworth
Griffiths|
|||Chartered
Accountants|
|||47/49 Grove Street|
|||Retford|
|||Notts|
|||DN22 6LA|
|Investment|Brokers:|Charles Stanley &Co.Limited|
|||70-72 Chertsey Street|
|||Guildford|
|||Surrey|
|||GUI 4HL|
|Bankers:||HSBC Bank pic|
|||Leeming Street|
|||Mansfield|
|||Notts|
|||NGIS ILU|
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||||Note||2020||2019|
|---|---|---|---|---|---|---|---|
|TURNOVER|||||158,787||153,189|
|OPERATING EXPENDITURE||||||||
|Services||||37,207||44,053||
|Management||||28,972||30,063||
|Routine Maintenance||||30,918||40,641||
|Major Repairs Expenditure||||12,093|(109,190)|36,619|(151,376)|
|OPERATING (DEFICIT)/SURPLUS|||||49,597||1,813|
|(Loss)/Gain
on Disposal ofFixed Asset Investments|||||(25,070)||65,798|
|Amounts
(Written Off)/Written|BackTo Fixed|||||||
|Asset Investments|||||(1,521)||27,362|
|Interest Receivable
and Similar|Income||||7,124||8,718|
|Interest Payable|||||(4,407)||(6,423)|
|SURPLUS BEFORETAX|||||25,723||97,268|
|Taxation||||||||
|SURPLUS FORTHE YEAR|||page 8||f25,723||f97,268|
|Unrealised
(Deficit)/Surplus
on|Revaluation|ofFixed||||||
|Asset Investments|||||30,915||(31,357)|
|TOTAL COMPREHENSIVE|INCOME|FOR THK YEAR|||f56,638||665,911|
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|||Note||2020|2019|
|---|---|---|---|---|---|
|FIXEDASSETS||||||
|Tangible Fixed Assets||||1,938,505|1,918,825|
|Investments||||417,992|423,854|
|||||2,356,497|2,342,679|
|CURRENT ASSETS||||||
|Trade and Other Debtors|||10|22,471|8,952|
|Cash and Cash Equivalents|||ll|295,004|312,367|
|||||317,475|321,319|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN|||||
|ONE YEAR|||12|(55,430)|(66,923)|
|NET CURRENT ASSETS||||262,045|254,396|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||2,618,542|2,597,075|
|CREDITORS: AMOUNTS|FALLING DUE AFTER|||||
|MORE THAN ONE YEAR|||13|~199499|(54,220)|
|TOTAL NKT ASSETS||||2,599,493|2,542,855|
|RESERVES||||||
|Income and Expenditure|Reserve|page|8|1,992,1 17|1,963,634|
|Permanent
Endowment|Reserve|page|8|545,426|548,186|
|Revaluation
Reserve||page|8|61,950|31,035|
|TOTAL RESERVES||||2,599,493|2,542,855|
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||Note|2020|2019|
|---|---|---|---|
|NET CASH GENERATED FROM OPERATING ACTIVITIES|see below|25,189|43,424|
|CASH FLOW FROM INVESTING ACTIVITIES||||
|Purchase ofFixed Assets||(19,680)|(14,I97)|
|Purchase ofInvestments||(206,241)|(502,566)|
|Proceeds from Sale ofInvestments||216,427|794,186|
|Interest Receivable and Similar Income||7,124|8,718|
|||~(2,370|286,141|
|CASH FLOW FROM FINANCING ACTIVITIES||||
|Repaynient ofBank Loans||(35,775)|(35,288)|
|Interest Payable||(4,407)|(6,423)|
|||(40,182|(41,711)|
|NET CHANGE IN CASH AND CASH EQUIVALENTS||(17,363)|287,854|
|CASH AND CASH EQUIVALENTS AT BKGINING OF YEAR||312 67|24,513|
|CASH AND CASH EQUIVALENTS AT END OF YEAR||f295,004|f312367|
|NKT CASH GENERATED FROM OPERATING ACTIVITIES||||
|Surplus
for the Year||25,723|97,268|
|Adjustments
for Non-Cash
Items:||||
|Gain/(Loss)
on Disposal ofFixed Asset Investments||25,070|(65,798)|
|Amounts
(Written Back To)/Written
OffFixed||||
|Asset Investments||1,521|(27,362)|
|(Increase)/Decrease
in Trade and Other Debtors||(13,519)|17,240|
|Increase/(Decrease)
in Trade snd Other Creditors||(10,889)|24,371|
|Adjustments
for Investing
or Financing Activities.||||
|Interest Receivable and Simi)ar Income||(7,124)|(8,718)|
|Interest Payable||4,407|6,423|
|||825,189|43,424|
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|||Income and|Permanent|Revaluation|Total|
|---|---|---|---|---|---|
|||Expenditure|Endowment|Reserve||
|||Reserve|Reserve|||
|Balance at IJanuary|2020|1,963,634|548,186|31,035|2,542,855|
|Surplus 0'om Statement of||||||
|Comprehensive|Income|28,483|(2,760)||25,723|
|Change
tn Year||||30,915|30,915|
|Balance at 31December 2020||1,992,117|545,426|61,950|2,599,493|
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|4|OPERATING SURPLUS||2020|2019|
|---|---|---|---|---|
||The operating
surplus
is stated after charging:||||
||Payments
to the Clerk to the Trustees/Management|Fees|K~28 972|%~30063|
|5|INTEREST RECEIVABLE AND SIMILAR INCOME||2020|2019|
||Income from listed investments||6,055|8,718|
||Bank interest||I 069||
||||K~7124|f8~718|
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|-3-|||
|---|---|---|
|INTEREST PAYABLE|2020|2019|
|Interest on Bank Loans|8~4407|8~6423|
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||||-4-|||
|---|---|---|---|---|---|
|9|FIXEDASSET INVESTMENTS|||2020|2019|
||Market value|||||
||At beginning
ofyear|||423,854|653,671|
||Acquisitions
at cost|||206,241|502,566|
||Sale Proceeds from disposals|||(216,427)|(794,186)|
||Profit on Sale and Redemption|||(25,070)|65,798|
||Revaluation
Reserve movement
Amounts
(written
ofI)/written|back in year||30,915
~1521|(31,357)
27 362|
||Market Value at end ofyear|||K~417992|f4~23 854|
||Historical cost at end ofyear|||1. 359 130|6394 336|
||All investments
are listed UK securities.|||||
|10|DEBTORS:amounts
falling due within||one year:|2020|2019|
||Accrued Investment
Income|||||
||Prepaid Expenditure
Other Debtors —Cash at Stockbrokers|||6,880
14,432|7,793|
||Income Tax Repayable|||I 159|I 159|
|11|CASH AND CASH E
UIVALENTS|||2020|2019|
||Bank Accounts|||295,004|312,367|
||Cash in Hand|||||
|||||k~295 004|5~312367|
|12|CREDITORS: amounts
falling due within one year:|||2020|2019|
||Bank Loans (secured)|||33,876|34,480|
||Trade Creditors|||17,409|27,857|
||Other Creditors|||4 145|4 586|
|||||K~55 430|K~66 923|
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|||-5-|||
|---|---|---|---|---|
|13|CREDITORS: amounts|falling due after more than one year:|2020|2019|
||BankLoans(secured)||X~19049|6~54 220|
|ank Loans are secured by specific charges on hou
ates ofinterest in instalments
due as follows:-|sing properties
and are repayable
at|varying|
|---|---|---|
||2020|2019|
|In one year or less|33,876|34,480|
|Between one and two years|200|38,500|
|Between two and five years|210|190|
|In five years or more|18639|15530|
||f~52 925||
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