2021-12-31-accounts - Cherrytree

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Trustees		Steve Walker	(Chair)	(Chair)
		Jon Dunn
		John Fuller
		Janice Hoole
		Bill Hui
		Liz Murray
		Jon Smith
		Peter Stubbs
		Lynne Urpeth
Charity number		232351
Independent	examiner	Sutton McGrath		Hartley
		5Westbrook	Court
		Sharrow Vale	Road
		Sheffield
		S118YZ
Bankers		Royal Bank ofScotland pic
		5Church Street
		Sheffield
		S1 1HE
Investment	advisors	Investec Wealth		and Investment	Limited
		Beech House
		61 Napier Street
		Sheffield
		S118HA

			Page
Trustees' report			1-3
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the accounts			7-19

		Unrestricted funds general	Unrestricted funds designated	Restricted funds	Total 2021	Total 2020
	Notes	E
Income from:
Donations and legacies	3	1,722			1,722	1,743
Charitable activities	4	18,000			18,000	18,000
Investments	5	40,894			40,894	33,382
Total income		60,616		0	60,616	53,125
~EdE
Charitable activities	6	105,752			105,752	129,061
Total resources expended		105,752			105,752	129,061
Net gains on investments	11		90,213		90,213	27,274
Net gain on revaluation	12
Net incoming (outgoing) resources before transfers		(45,136)	90,213	0	45,077	(48,662)
Gross transfers between funds		25,000	(25,000)
Net movement in funds		(20,136)	65,213		45,077	(48,662)
Fund balances at 1 January 2021		496,853	1,282,737		1,779,590	1,828,252
Fund balances at 31 December 2021		476,717	1,347,950	0	1,824,667	1,779,590

BALANCE SHEET	BALANCE SHEET	BALANCE SHEET	BALANCE SHEET	BALANCE SHEET
AS AT31DECEMBER2021
						2021			2020
				Notes
Fixed assets
Tangible assets				12				50		483,750
Investments				13			1,347,	50		1,282,737
							1,816,	00		1,766,487
Current assets
Debtors					3,289				2,584
Cash at bank and in	hand				10,492				7,133
					13,781				9,717
Creditors: amounts	falling due
within one year					(5,814)				,614)
Net current assets							7,	67		13,103
Total assets less cunent liabilities										'I,779,590
Income funds
Unrestricted funds:
Designated funds				17	1,347,950				1,2 2,737
General unrestricted	funds				476,717				6,853
							1,824,	67		1,779,590
							1,824,	67		1,779,590
These ccounts were	approved		by	the Trustees	on 4 July	2022.
Jon mith (Treasurer)
Date: IQ j~i	/	7 g

CHERRYTREE	CHERRYTREE	CHERRYTREE	CHERRYTREE	CHERRYTREE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
1.4	Incoming resources (continued)
	Investment income is credited to income on an accruals basis,		usin			dates ofpay	ents for dividends			and
	daily accruals for interest.
	Interest on funds held on deposit is included when receivable		and		t	is is normally	pon notification		of		the
	interest paid or payable by the bank.
	Subscriptions are credited to income when receivable.
	No income is shown net of expenditure.
1.5	Resources expended
	All expenditure is accounted for on an accruals basis.
	Costs relating directly to the objects ofthe charity are treated		as c			ts in the furt	rance of the charity's
	objects.
	Governance costs include expenditure for compliance and manage					ent ofthe ch	rity.
1.6	Tangible fixed assets
	Tangible fixed assets are initially measured at cost and subsequen					ly measured	cost or	valuation,			net
	ofdepreciation and any impairment losses.
	Depreciation is recognised so as to write offthe cost or valuation			of		ssets less th	ir residual values			over
	their useful lives. Freehold land is not depreciated and freehold			bu		dings are de	reciated	on a straight-
	fine basis.
	The gain or loss arising on the disposal of an asset is determine					as the differ	nce between the			sale
	proceeds and the carrying value ofthe asset, and is recognised			in	t	e statement	ffinancial	activities.
1.7	Fixed asset investments
	Fixed asset investments are initially measured at transaction		price			xcluding tran	action costs, and				are
	subsequently measured at fair value at each reporting date.	Chang				s in fair valu	are recognised		in		the
	statement offinancial activities.
1.8	Impairment offixed assets
	At each reporting end date, the charity reviews the carrying	amoun				s of its tangib	e assets	to determine
	whether there is any indication that those assets have suffered			an	i	pairment loss	Ifany such indication
	exists, the recoverable amount ofthe asset is estimated in order loss.			to d		termine the e	tent ofany impairment

CHERRYTREE	CHERRYTREE	CHERRYTREE	CHERRYTREE
NOTES TO THE FINANCIAL				STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
3	Donations	and legacies
										2021	2020
										5.
	Donations and gifts									1,600	1,620
	Annual subscriptions									122	123
										1,722	1,743
	In 2020, all	donations	and legacies income		received related		to unre		tricted funds.
4	Charitable	activities
										2021	2020
										E	E
	Rent									18,000	18,000
	In 2020, all	rental income received related			to unrestricted	funds.
5	Investments
										2021	2020
											E
	Income from listed investments			- dividends						39,878	31,916
	Income from listed investments			- interest						1,014	1,452
	Interest receivable									2	14
										40,894	33,382
	In 2020, all	investment	income received related to unrestricted					fund
	Income from listed investments			is derived	from investments		on	the	KStock Exch	nge.

6	Charitable	activities
						Grants			Direct	Total	Total
						payable		c	aritable	2021	2020
							f	exp	nditure
	Depreciation	and impairment					0		15,000	15,000	15,000
	Miscellaneous expenditure			on behalf of
	Cherrytree	Support Services Limited							200	200	200
	Maintenance	expenditure	on behalf ofCherrvtree
	Support Services Limited						0		42,026	42,046	13,240
									57,226	57,226	28,440
	Grant funding ofactivities		(see note 7)			45,755			0	45,755	97.851
	Share of governance costs			(see note 8)			0		2,771	2,771	2,770
						45,755			59,997	05,752	129,061
	As in 2020,	no charitable	activities expenditure		was	included	within		estricted fund	during the year.
7	Grants payable
										2021	2020f
	Grants to institutions:
	Cherrytree	Support Services Limited								45,755	97,851

Tangible fixed assets
		Land 8 buildings
		L
Cost
At 1 January 2021		689,141
Revaluation		0
At 31 December 2021		689,141
Depreciation and impairment
At 1 January 2021		205,391
Depreciation charged	in the year	15,000
At 31 December 2021		220,391
Carrying amount
At 31 December 2021		468,750
At 31 December 2020		483,750

CHERRYTREE	CHERRYTREE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
13	Fixed asset investments
	Current financial year		Listed
			investments
	Cost or valuation
	At 1 January 2021		1,282,737
	Additions		77,367
	Valuation changes		90,213
	Disposais		(102,367)
	At 31 December 2021		1,347,950
	Carrying amount
	At 31 December 2021		1,347,950
	At 31 December 2020		1,282,737
	Prior financial year
	Cost or valuation
	At 1 January 2020		1,300,463
	Additions		73,556
	Valuation changes		27,274
	Disposais		(118,556)
	At 31 December 2020		1,282,737
	Carrying amount
	At 31 December 2020		1,282,737
	At 31 December 2019		1,300,463
		2021	2020
		6	F
	Investments at fair value comprise:
	UK	7,230	795,739
	Foreign	0,720	486,998
		1,3 7,950	1,282,737

18 Analysis ofnet assets between funds	18 Analysis ofnet assets between funds
	Unrestricted		Unrestricted	Restric		Total
		funds	funds	fu	ds
		general f	designated f
Fund balances at 31 December 2021 are represented			by:
Tangible assets		468,750				468,750
Investments		0	1,347,950			1,347,950
Net current assets		7,967				7,967
		476,717	1,347,950		0	1,624,667
This includes unrealised	gains off471,641	relating to	listed investments
	Unrestricted		Unrestricted	Restric		Total
		funds	funds	fun
		general	designated
		f	f
Fund balances at 31 December 2020 are represented			by:
Tangible assets		483,750				483,750
Investments		0	1,282,737			1,282,737
Net current assets		13,103				13,103
		496,853	1,282,737		0	1,779,590