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