2021-12-31-accounts

Report ofthe Trustees	Report ofthe Trustees		1-3
Auditor's Report
Statementof Financial		Activities
Balance Sheet
Notes to the Financia	I	Statements

			Ol0	'a	tLa	sss fh s	0 sst C es Pj o	sa el PJ ps V a vl
				IIV aD	Q		Q re m	ca o v) es m cs
INCOMING RESOURCES
Incoming resources from	generated	funds
investment income				205,228			205,228	189,483
Grants				507,671			507,671	154,797
Volunta ry income: donations				53,473			53,473	205
Total incoming resources				766,372			766,372	344,485
RESOURCES EXPENDED
Cost ofgenerating funds
Investment management	costs			120,952			120,952	102,654
Charitable activities				6,810			6,810	4,782
Governance costs				3,700			3,700	6,270
Other resources expended				41,084			41,084	2,983
Total resources expended				172,546			172,546	116,689
Net incoming resources before transfers				593,826			593,826	227,796
Gross transfers between	funds			(22,000)	22,000
Net movement in funds before gains and losses on investments				571,826	22,000		593,826	227,796
Gain/(Lass) an investments								(73,532)
Fair value adjustment to	properties			1,642,500			1,642,500	760,000
Net movement in funds				2,214,326	22,000		2,236,326	914,264
RECONCILIATION OF FUNDS
Total funds brought forward				10,955,811	1,612,470		12,568,281	11,654,017
TOTAL FUNDS CARRIED FORWARD				13,170,137	1,634,470		14,804,607	12,568,281

				Notes		2021(f)		2021 (N)	2020 (E)	2020 (E)
FIXEDASSETS
Investment properties				5	13,534,661				10,559,711
Other Investments				6					965,566
								13,534,661		11,525,277
CURRENT ASSETS
Debtors									8
Cash at bank and in	hand				1,273,646				1,049,453
					1,273,646				1,049,461
CURRENT LIABILITIES
Creditors: Amounts	falling		due within
one year						(3,700)			(6,457}
Net current assets								1,269,946		1,043,004
Total net assets								14,804,607		12,568,281
Represented by:
Unrestricted fund
Income and general	fund							13,170,137		10,955,811
Designated funds
Capital fund					1,101,190				1,101,190
Capitalrecoupment	fund		I			5,280			5,280
Capital recoupment	fund		Il			528,000			506,000
								1,634,470		1.,612,470
Total funds								14,804,607		12,568,281
The financial statements		were approved		by the trustees	on	I	I	K0L~and signed	on their behalf by:

VESTMEN	T	INCOME
					2021	2020f
Residential		property rents			186,815	154,562
Allotment		rents			78	407
Income from investment				portfolios	15,250	32,838
Bond and	bank interest				3,085	1&676
					20S,228	189,483
HER INCOME
					2021	2020
					f
Donations					53,473	205
Grants					507,671	154,797
					561,144	155,005
All incoming		resources	in the years ended 31December 2021and 31December 2020were unrestricted.
SOURCES	EXPENDED
					2021.	2020
Investment		management		casts	f
Property management			fees		19,805	16,693
Property	insurance				4,111	3,955
Property	repairs and maintenance				97,036	82,006
					120,952	102,654
					2021	2020
Charitable		activities
Charitable		aid and assistance			6,810	4,782
					6,810	4,782
Governance		costs			2021f	2020 f
Auditor's	remuneration				3,600	3,600
Accountancy					100	2,670
					3,700	6,270
					2021	2020
Other resources expended						f
LegalFees					7,447
Finance Costs					26,171
Honoraria					1,200	1,250
Secretariat		and sundry			6,266	1,733
					41,084	2,983

Cost or Valuation
At 1January 2021		10,559,711
Additions —development	costs	1,332,450
Fair value adjustment		1,642,500
At 31December 2021		13,534,661
Depreciation
At 1January and 31December 2021
Net book value
At31December 2021		13,534,661
At31December 2020		10,559,711

Movement	in fixed	asset	listed investments	2021	2020
				f
Market value brought forward at 1January 2021				965,566	1,039,100
Additions	to investment		at cost
Disposals				(965,566)
Fair value	adjustment				(73,534)
Market value at 31		December 2021			965,566
BTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
				f	f

								2020f
Accrua 1s							3,700	3,600
Other creditors								2,857
							3,700	6,457
MOVEA/IENT	IN FUNDS
				Brought	Net		Transfers
				forward	movement	Gain/ on	between	Carried
				1Jan 2021f	in funds f	investments	funds f	forward
Income and	general	fund		10,955,811	593,826	1,642,500	(22,000)	13,170,137
Capital fund				1,101,190				1,101,190
Capitai recoupment		fund	I	5,280				5,280
Capital recoupment		fund	II	506,000			22,000	528,000
Total funds				12„568,281	593,826	1,642,500		14,804,607
ANALYSIS OF	FUNDS
				Investment	Other	Current	Current
				properties	investmentsf	assets f	liabilitiesf	Total f
Income and	general	fund		11,900,191		1,273,646	(3,700)	13,170,137
Capital fund				1,101,190				1,101,190
Capital recoupment		fund	I	5,280				5,280
Capita! recoupment		fund	Ii	528,000				528,000
Total funds				13,534,661		1,273,646	(3,700)	14,804,607