| W | ei 46l |
ei 66I |
|||||
|---|---|---|---|---|---|---|---|
| ~4 | |||||||
| 33e ct |
C 44 |
E 3e el 63 0 34i Qg |
6e0 ct~ "6 346 |
||||
| INCOMIIIIG RESOURCES | |||||||
| Incoming resources from | generated | funds | |||||
| Investment income |
184,693 | $%,693 | 205,228 | ||||
| Grants | 5,973 | 5,973 | 507,671 | ||||
| Voluntary income: donations |
2,024 | 2,024 | 53,473 | ||||
| Total incoming resources |
192,690 | 192,690 | 766,372 | ||||
| RESOURCES EXPENOEO | |||||||
| Cost ofgenerating funds |
|||||||
| Investment management |
costs | 97,013 | 97,013 | 120,952 | |||
| Charitable activities |
12,744 | 12,744 | 6,810 | ||||
| Governance costs | 1,800 | 1,800 | 3,700 | ||||
| Other resources expended | 62,934 | 62,934 | 41,084 | ||||
| Total resources expended | 174,491 | 174,491 | 172,546 | ||||
| Met incoming resources before transfers | 18,199 | 18,199 | 593,826 | ||||
| Gross transfers between | funds | ||||||
| Net movement infunds before gains and losses on investments |
18,199 | 18,199 | 593,826 | ||||
| Gain/(Loss) on investments | |||||||
| Fair value adjustment to | properties | 1,642,500 | |||||
| Net movement in funds |
18,199 | 18,199 | 2,236,326 | ||||
| RECONCILIATION GF FUIIIOS |
|||||||
| Total funds brought forward | 13,170,137 | 1,634,470 | 12,568,281 | ||||
| TOTAL FUNOS CARRIED FGRWARO | 13,188,336 | 1,634,47D | 14,822886 | 14,8D4,637 |
| 2. | INVESTMENT | INCOME | ||||
|---|---|---|---|---|---|---|
| 2021f | ||||||
| Residential | property | rents | 184,316 | 186,815 | ||
| Allotment | rents | 338 | 78 | |||
| Income from investment | portfolios | 15,250 | ||||
| Bond and | bank interest | 39 | 3,085 | |||
| 1S4.698 | 205,228 | |||||
| 3. | OTHER INCOIVIE | |||||
| 2022 | 2021f | |||||
| Donations | 2,024 | 53,473 | ||||
| Grants | 5,973 | 507,671 | ||||
| 7,997 | 561,144 |
| RESOURCES EXPENDED | ||||
|---|---|---|---|---|
| Investment management |
costs | 2022f | 2021f | |
| Property management Property irisura nce |
fees | 21,153 4,208 |
19,805 4,111 |
|
| Property repairs and maintenance | 71,652 | 97,036 | ||
| 92,018 | 120,912 | |||
| Charitable activities |
2022f | 2021 | ||
| Charitable aid and assistance |
12,744 | 6,810 | ||
| 6,810 | ||||
| Governance costs | 2022 | |||
| Auditor's remuneratian |
3„600 | |||
| independent examination |
fee and accountancy | 1,800 | 100 | |
| 1,80D | 3,700 | |||
| Other resources expended | 2022f | 2021f | ||
| Legai fees and consulting | 12,067 | 7,447 | ||
| Finance costs | 44,407 | 26,171 | ||
| Honoraria | 1,200 | 1,200 | ||
| Secretarial and sundry | 5,260 | 6,266 | ||
| 62,984 | 41,D84 |
| Cost or Valuation | ||
|---|---|---|
| At 1January 2022 | 13,534,661 | |
| Additions —development | costs | 2.684.547 |
| Fair value adjustment | ||
| At31December 2021 | 16,219,208 | |
| Depreciation | ||
| At 1January and 31December 2022 | ||
| Net book value | ||
| At 31December 2022 | 16,219,208 | |
| At31December 2021 | 13,334,661 |
| Movement in fixed asset listed investments |
Movement in fixed asset listed investments |
2022 | 2021 |
|---|---|---|---|
| 6 | |||
| Market value brought forward at1January 2022 | 965,566 | ||
| Additions to investment | at cost | ||
| Disposals | (965,566) | ||
| Fairvalue adjustment | |||
| Market value at31December 2022 | |||
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | |||
| Accounts receivable | 15,449 | ||
| Accrued bond and bank | interest | ||
| 16,449 |
| CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALUNG DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2022f | 2021 | |||
| Accruals | 1,900 | 3,700 | ||
| Accounts payable | 184,546 | |||
| Bank loan —amount | due within one year | 11,249 | ||
| 197,695 | 3,700 | |||
| CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2022 | 2021 | |||
| f. | ||||
| Bank loan —amounts | due within two to five years | 128,840 | ||
| Bank loan —amounts | due after more than five years | 1,362,791 | ||
| 1,491,691 |
| Brought | Net | Transfers | |||||
|---|---|---|---|---|---|---|---|
| forward | movement | Gain/ on | between | Carried | |||
| 1Pan 2022f | in funds | investmentsf | funds | forward | |||
| Income and general | fund | 13,170,137 | 13,188,336 | ||||
| Capita! fund | 1,101,190 | 1,101,190 | |||||
| Capital recoupment | fund | I | 5,280 | 5,280 | |||
| Capital recoupment | fund | I I | 528,000 | 528,000 | |||
| Total funds | 14~,607 | 18,199 | 14,822,806 | ||||
| NALYSIS OF FUNDS | |||||||
| Investment | Other | Current | Current | ||||
| properties | investmentsf | assets f |
liebgitiesf | Total | |||
| Income and general | fund | 14,584,738 | 292,924 | (1,689,326) | 13,188,336 | ||
| Capital fund | 1,101,190 | 1,101,190 | |||||
| Capita! recoupment | fund | I | 5,280 | 5,280 | |||
| Capital recoupment | fund | Ii | 528,000 | 528,000 | |||
| Total funds | 16,219,208 | 292,924 | IL6S9,326) | 14,822+06 |