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