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|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|3|
|Independent
Examiner's
Report||||
|Statement ofFiaancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|i7|
|Detailed Statement ofFinancial Activities||||
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|||||for|the sear ended|31DECEMBE|R 2021|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.21|31.12.20|
||||||Unrestricted|1)esignated|Endowment|Total|Total|
||||||funds|Fund|iullds|funds|funds|
|||||Notes|f,|||||
|INCOME|AND|||||||||
|ENDOWMENTS||FROM||||||||
|Charitable|activities|||||||||
|Charitable|Activities||||57,5 i5|||57,515|63,771|
|lnvesnnent|income||||28|1,276||1,304|1,587|
|Total|||||57,543|1.276||58,819|65,358|
|EXPENDITURE||ON||||||||
|Charitable|activities|||||||||
|Charitable|Activities||||75,131||39,515|114,646|96,217|
|Governance|costs||||5,838|||5,838|4,766|
|Total|||||80,969||39,515|120,484|100,983|
|Net gains/(losses)||on||||||||
|investments|||||142|3,828||3,970|(4,279)|
|NET||||||||||
|INCOME/(EXPENDITURE)|||||(23,284)|5,104|(39,515)|(57,695)|(39,904)|
|Transfers|between funds|||16|(608)||608|||
|Net movement
in||funds|||(23,892)|5,104|(38,907)|(57,695)|(39,904)|
|RECONCILIATION|||OF|||||||
|FUNDS||||||||||
|Total funds brought|||forward||72,495|3,486|1,331,599|1,437,580|1,477,484|
|TOTAL FUNDS||CARRIED||||||||
|FORWARD|||||48,603|38,590|1,292,692|1,3'79,885|1,437,580|
||BALANCE SHEET
3~MBB2021|||
|---|---|---|---|
|||31.12.21|31.12.20|
||Notes|r|f|
|FIXEDASSETS||||
|Tangible assets|9|1,305,579|1.345,094|
|Investments|10|44,985|39,740|
|||1,350,564|1,384.834|
|CURRENT ASSETS||||
|Debtors||74,554|75,581|
|Cash at bank||52,855|52,855|
|||127,409|12$,436|
|CREDITORS||||
|Amounts
falling due within one year|12|(85,901 )|(62,803)|
|NET CURRENT ASSETS||41,508|65,633|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||1,392,072|1,450,467|
|CREDITORS||||
|Amounts
falling due ager more than one year|13|(12,187)|(12,$87)|
|NET ASSETS||1,379.885|1,437,580|
|FUNDS|16|||
|1lnrestricted
funds||87,193|105,981|
|Endowment
funds||1,292,692|1,331,599|
|TOTAL FUNDS||1,379,885|1,437,5$0|
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|INVEST|MENT|INCOME|||
|---|---|---|---|---|
||||:1.12.21|31.12.20|
||||f|f.|
|Dividend|Income||1,304|1,587|
##
|CHARITAHLE|ACTIVITIES CO|STS||
|---|---|---|---|
|||2021|2020|
|Salaries||11,170|10.773|
|Property
running|costs|||
|Main!enance||57,846|41,628|
|Careline expenses||800|870|
|Other costs
Loan interest||3379
!,936|1,146
2,015|
|Depreciation||39,515|39,515|
|||114,646|96417|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Staffcosts||||||||
|Clerk to the||trustees||||6,496|5,864|
|Warden||||||6,298|6,375|
|Employers||National|Insurance|||||
|Amounts|recharged||to The Welfare Charities|||(1,624)|(1,466I|
|||||||11,170|10,773|
|The average||monthly|number ofemployees|during|lhe year wa= as follows:|||
|||||||31.12.21|31.12.20|
|Clerk||||||I||
|Warden||||||I|1|
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||COMPARATIVES FOR THK STATEMENT OF FINANCIAL|COMPARATIVES FOR THK STATEMENT OF FINANCIAL|COMPARATIVES FOR THK STATEMENT OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Endowment|Total|
||||funds|Fund|funds|funds|
||||f||||
||INCOME AND ENDOWMENTS FROM||||||
||Charitable
activities||||||
||Charitable
Activities||63,771|||63,771|
||Investment
income||30|1,556||1,587|
||Total||63,801|1,556||65358|
||hXPENDITURE ON||||||
||Charitable
activities||||||
||Charitable
Activities||56,702||39,515|96,217|
||Governance
costs||4,766|||4,766|
||Total||61.468||39,515|100,983|
||Net gains/(losses)
on investments||62|(4,341 )||(4,279)|
||NKT INCOME/(EXPENDITURE)||2,395|(2,785)|(39,514)|(39,904)|
||Transfers
between
funds||(529)||5'!9||
||Net movement
in funds||1,866|(2,785 I|(38,985)|(39,904)|
||RECONCILIATION
OF FUNDS||||||
||Total funds brought forward||70,629|36,271|1,370,584|1,477,484|
||TOTAL FUNDS CARRIED FORWARD||72,495|33,486|1,331,599|1,437,580|
|7.|GOVERNANCE COSTS||||||
||||||2021|2020|
||Accountancy||||3,169|2,978|
||Deice and administration|expenses|||1,571|706|
||Properly
insurance||||1,098|1,082|
||||||5,838|4,766|
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|||Holdrops|Hill,Headly|George|Street,Kingsclere|Total|
|---|---|---|---|---|---|---|
|Original|Cost||1.750,000||374,747|2,124,747|
|Housing|Grants||(149,006)|||(149,006)|
||||1,600,994||374,747|1,975,741|
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|||||Listed|
|---|---|---|---|---|
|||||investments|
|||||+|
||MARKET VALUE||||
||At I January
21121|||39,740|
||Additions|||1,275|
||Revaluations|||:,970|
||At 31 December 2021|||44,985|
||NET BOOKVALUE||||
||At 31 December 2021|||44,985|
||At 31 December 2020|||39,740|
||There were no investment|assets outside the VK.|||
||l,isted investments
are revalued
to market value each year.||||
|11.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||31.12.21|31,12.20
f|
||Other debtors||74,019|75,018|
||Prepayments
and accrued|income|535|563|
||||74554|75,581|
|12.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||31.12.21|31.12.20|
|||||f|
||Bank loans and overdratts|(see note 14)|23,994|1,106|
||Other creditors||61,907|61,697|
||||85,901|62,803|
|13.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR||||
||||31.12.21|31.12.20|
||Other creditors||I",187|12.887|
##
|An analysis||oft|he maturi|ty ofloa|ns is given below|:||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.21|31.12.20|
|Amounts
falling|||due within one year on demand:|||||||
|Beni' overdrat)s||||||||23,994|1,106|
|Other loans||||||||700|608|
|||||||||24,694|1,714|
|Amounts
falling|||between|one and|two years:|||||
|Other loans||- 1-2years||||||805|700|
|Amounts
falling|||due between two||and five years:|||||
|Other loans|- 2-5 years|||||||11,382|12,187|
|ANALYSIS||OF NET ASSETSBETWEEN FUNDS||||||||
|||||||||31.1 .21|31.12.20|
||||||Unrestricted|Designated|Endowment|Total|Total|
||||||funds|Fund|funds|funds|funds|
||||||||f|f||
|Fixed assets|||||||I 305 579|1,305,579|1,345,094|
|Investments|||||1,140|43,845||44,985|39,740|
|Cunent assets|||||74,554|52,855||127,409|128,436|
|Current
liabilities|||||(27,091 I|(58,110)|(700)|(85,901)|(62,803)|
|Long tenn liabilities|||||||(12,187)|(12,187)|(12,887)|
||||||48,603|38,590|1,292,692|1,379,885|1,437,580|
|MOVEMKNT|||IN FUNDS|||||||
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.1.21|in funds|funds|31.12.21|
|Unrestricted||funds||||||||
|General fund
Designated
Fund||||||72,495
:3,486|(23,284)
5,104|(608)|48,603
38,590|
|||||||105,981|(18,180)|(6081|87,193|
|Endowment||fiinds||||||||
|Endowment||Fund||||8,379|(39,515)|30,013|(1,123)|
|Fndowment||Revaluation||Reserve||1.323.220||(29,405)|1,293,815|
|||||||1,331,599|(39,515)|608|1,292,692|
|TOTAL FI||iNDS||||1,437,580|(57,695)||1,379,885|
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|||||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|---|---|
|||||||resources|expended|losses|in funds|
|||||||||f.|8|
|Unrestricted||funds||||||||
|General fund||||||57,543|(80,969)|142|(23,284)|
|Designated|Fuml|||||1,276||3,828|5,104|
|||||||58,819|(80,969)|3,970|(18,180)|
|Endowment||funds||||||||
|Endowment|Fund||||||(39,515)||(39,515)|
|TOTAL FUNDS||||||58,819|(120,484)|3,970|(57,695)|
|Comparatives||for movement|||in funds|||||
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.1.20|in funds|fundsf|31.12.20
f|
|Unrestricted||fumls||||||||
|General fund||||||70,629|2,395|(529)|72,495|
|Designated|Fund|||||36,271|(2,785)||33,486|
|||||||106,900|(390)|(529)|105,981|
|Endowment||funds||||||||
|Endowment|Fund|||||17,959|(39,514)|29,934|8,379|
|Endowment|Revaluation||Reserve|||1,352,625||(29,405)|1,323420|
|||||||1,370,584|(39,51-1)|.29|1,331,599|
|TOTAI
FUNDS||||||1,477,484|(39,904)||1,437,580|
|Comparative||net movement||in|fund.",included|in the above are as follows;||||
|||||||Incoming|Resomces|Gains and|Movement|
|||||||resources|expended|losses|in funds|
|Unrestricted||funds||||||||
|General fund||||||63,801|(61,468)|62|,395|
|Designated|Fund|||||1,556||(4,341)|(2,7851|
|||||||65,357|(61,468)|(4,279)|(390)|
|Endowment||funds||||||||
|Endowment|Fund||||||(39,515)||(39,514)|
|'I'OTALFUNDS||||||65,358|(100.983)|(4 79)|(39,904)|
##
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||||||Net|Transfers|||
|---|---|---|---|---|---|---|---|---|
||||||movement|between|At||
|||||At 1.1.20|in funds|fundsf|31.12.21
f||
|Unrestricted|funds||||||||
|General fund||||70,629|(20,889)|(1,137)|48,603||
|Designated|Fund|||36,271|2,319||38,590||
|||||106,900|(18,570)|(1,137)|87,193||
|Endowment|funds||||||||
|Endowment|Fund|||17,959|(79,029)|59,947|(1,123)||
|Endowment|Revaluation|Reserve|1,352,625|||(58,810)|1,293,815||
||||1,370,584||(79,029)|1,137|1,292,692||
|TOTAL FUNDS|||1,477,484||(97,599)||1,379,885||
|A current
year 12 months||and prior year 12 month=||combined|net movement|in funds, included|in the above|a|
|as follows:|||||||||
|||||incoming|Resources|Gains and|Movement||
|||||resources|expended
f|losses|in funds
f||
|Unrestricted|funds||||||||
|General fund||||121,344|(142,437)|204|(20,889)||
|Designated|Fund|||2,832||(513)|2,319||
|||||124,176|(142,437)|(309)|(18,570)||
|Endowment|funds||||||||
|Endowment|Fund||||(79,030)||(79,029)||
|TOTAL FUNDS||||124,177|(221,467)|(309)|(97,599)||
##
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
|Income||||||||
|Gross rents receivable|||||50.129.08||49,174.88|
|Less: voids||||||||
||||||50,129.08||49,174.88|
|Expenses||||||||
|Management||||||||
|Accountancy|and|Secretarial||,376.86||",233.51||
|Property
insurance||||915.10||901.62||
|Office and administration||||||||
|expenses||||1047.41||470.51||
||||||4,339.37||-,605.63|
|Services||||||||
|Salaries||||9,546.00||9,306.94||
|Water rates||||||||
|!ight and heat||||||||
|Grounds
maintenance||||5,275.00||4,535.00||
|Telephone||||473.95||649.77||
|Subscriptions||||||638.33||
|Careline expenses||||800.00||870.00||
|Sundries||||2,905.29||||
||||||19,000.24||16,000.04|
|Repairs||||||||
|Day to day maintenance||||47,313.68||33,383.40||
|Provision for|cyclical|||||||
|maintenance||||||||
||||||70,653.28||33,383.40|
|Financing||||||||
|Loan interest|||||1,935.55||2,084.13|
|Total expenses|||||72,588.83||55,004.H|
|Trading surplus/(deficit)|||for|||||
|tbe year|||||(22,459.75)||(5,829D3)|
|Transfer to endowment||||||||
|fund-loan
payment|||||608.45||528.97|
|Surplus/(deficit)||for the iear|||(23,146.64)||(6458.20)|
##
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|||2021||2020||
|---|---|---|---|---|---|
|Income||||||
|Gross rents receivable|||7,385.43||14,596.4i|
|Less: voids||||||
||||14,596.41||14,596.41|
|Expenses||||||
|Managemem||||||
|Accountancy|and Secretarial|792.29||744.50||
|Property
insurance||183.02||180.32||
|OAice and administration||||||
|expenses||523.70||2"5.25||
||||1,499.01||1,160.08|
|Services||||||
|Salaries||1,624.00||1,466.08||
|Water rates &council tax||||||
|Light and heat||||||
|Subscriptions||||127.67||
|Sundries||||||
||||1,624.00||1,593.75|
|Repairs||||||
|I)ay to day maintenance||5,257.08||3,709.27||
|Provision for cyclical||||||
|maintenance||||||
||||5,257.08||3,709.27|
|Total expenses|||8,380.09||6,463.09|
|Surplus for the year|||(994.66)||8,13322|
##
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||the
'ear ended
I DECEM|BER 2021||
|---|---|---|---|
|||31.12.21|31.1".20|
|INCOME AND ENDOWMENTS||||
|Investment
income||||
|Dividend
income||1,304|1,587|
|Charitable
activities||||
|Gross Rents Receivable||57,515|6:.,771|
|Total incoming
resources||58,819|65,358|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||11,170|10,77)|
|Sundries||,379|1,416|
|Maintenance||57,846|41,628|
|Care(inc Expenses||800|870|
|Loan interest||1,936|2,015|
|Freehold property||39,515|39,515|
|||114,646|96,217|
|Support costs||||
|Governance
costs||||
|Insurance||1.098|1,082|
|Accountancy
and legal fees||3,169|2,978|
|06ice and Admin costs||1,571|706|
|||:,838|4,766|
|Total resources expended||120,484|100,983|
|Net expenditure
before gains and losses||(61,6651|(35,625)|
|Realised recognised|gains and losses|||
|Realised gains/(losses)|on fixed asset investments|3,970|(4,279)|
|Net expenditure||(57,695)|(39,904)|