## ## |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| ## ## ## ## ## ## ## |12|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| ## ##