| Page | ||||
|---|---|---|---|---|
| Report ofthe Council of | Management | |||
| Report ofthe Independent | Auditors | 5-7 | ||
| Statement ofFinancial Activities (incorporating | Income and Expenditure | Account) | ||
| Balance Sheet | ||||
| Notes to the Accounts | 10-15 |
| Unrestricted | funds | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOME | Notes | g | g | |
| from charitable activities: |
||||
| Charitable lettings |
28,250 | 28,250 | ||
| Income arising from | provision offacilities | 50,690 | 43,709 | |
| 78,940 | 71,959 | |||
| from investments: | ||||
| Rental income | 80,044 | 73,205 | ||
| Total income | 158,984 | 145,164 | ||
| EXPENDITURE | ||||
| on charitable activities: |
||||
| Grants Provision offacilities |
2(a) | 1,175 184,968 |
7,150 177,696 |
|
| 186,143 | 184,846 | |||
| other: | ||||
| Investment expenses |
7,297 | 20,188 | ||
| Governance costs |
2(b) | 3,293 | 3,064 | |
| 10,590 | 23,252 | |||
| Total expenditure | 196,733 | 208,098 | ||
| NET (EXPENDITURE) BEFORE | ||||
| GAINS ON INVESTMENTS | (37,749) | (62,934) | ||
| Net gains on investments | 1,264,929 | 500,000 | ||
| NET INCOME FOR THE YEAR | 1,227,180 | 437,066 | ||
| Other recognized gains |
||||
| Gain on revaluation | offreehold property | 1,835,926 | ||
| NET MOVEMENT | IN FUNDS | 1,227,180 | 2,272,992 | |
| Reconciliation offunds | ||||
| Total funds brought | forward | 9,411,775 | 7,138,783 | |
| Net income for the year as shown above | 1,227,180 | 2,272,992 | ||
| Total funds carried | forward | 10,638,955 | 9,411,775 |
| BALANCE SHEET | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| 31March 2022 | ||||||
| 2022 | 2021 | |||||
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 4,211,725 | 4,255,292 | ||||
| Investments | 5,300,000 | 5,100,000 | ||||
| 9,511,725 | 9,355,292 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 5,442 | 9,038 | ||||
| Cash at bank and in hand | 1,138,291 | 68,948 | ||||
| 1,143,733 | 77,986 | |||||
| CREDITORS: Amounts | falling due | |||||
| within one year | 8 | (16,503) | (21,503) | |||
| NET CURRENT ASSETS | 1,127,230 | 56,483 | ||||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 10,638,955 | 9,411,775 | ||||
| NET ASSETS | 10,638,955 | 9,411,775 | ||||
| FUNDS | ||||||
| Unrestricted funds |
10,638,955 | 9,411,775 | ||||
| TOTAL FUNDS | 10,638,955 | 9,411,775 |
| 2 EXPENDITURE | |||
|---|---|---|---|
| 2022 | 2021 | ||
| a)Provision offacilities | |||
| Catering, utilities and |
insurance | 51,455 | 58,293 |
| Salaries and pension costs | 55,840 | 55,116 | |
| Repairs and maintenance | 19,304 | 11,984 | |
| Legal and professional | fees | 13,440 | 3,456 |
| Depreciation | 43,567 | 47,595 | |
| Telephone, printing, postage and other costs |
1,362 | 1,252 | |
| 184,968 | 177,696 | ||
| b) Governance costs |
|||
| Auditor's remuneration |
3,180 | 3,000 | |
| Meeting expenses | 113 | 64 | |
| 3,293 | 3,064 |
| 3 NET (EXPENDITURE) | ||
|---|---|---|
| 2022 | 2021 | |
| g | ||
| This is stated after charging: | ||
| Depreciation | 43,567 | 47,595 |
| Auditor' sremuneration | 3,180 | 3,000 |
| 4 EMPLOYEE INFORMATION | ||
| 2022 | 2021 | |
| g | ||
| Staffcosts: | ||
| Salaries | 46,659 | 46,123 |
| Social security costs | ||
| Other pension costs | 9,181 | 8,993 |
| 55,840 | 55,116 |
| 5 TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Freehold | Furniture | ||
| land & | fittings & | ||
| buildings | equipment | Total | |
| Cost/Valuation | g | ||
| At 1 April 2021 |
4,250,000 | 131,745 | 4,381,745 |
| Additions in the year |
|||
| Disposals in the year |
|||
| At 31March 2022 | 4,250,000 | 131,745 | 4,381,745 |
| Depreciation | |||
| At I April 2021 | 126,453 | 126,453 | |
| Charge for the year | 42,500 | 1,067 | 43,567 |
| Eliminated on disposals |
|||
| At 31March 2022 | 42,500 | 127,520 | 170,020 |
| Net book value | |||
| At 31March 2022 | 4,207,500 | 4,225 | 4,211,725 |
| At 31March 2021 | 4,250,000 | 5,292 | 4,255,292 |
| sheet at the foll | owing amounts: |
||
|---|---|---|---|
| 2022 | 2021 | ||
| g | |||
| Cost (including | land with acost off210,000) | 1,684,680 | 1,684,680 |
| Depreciation | 447,488 | 417,995 | |
| Net book value | 1,237,192 | 1,266,685 |
| 6 INVESTMENTS | |||||
|---|---|---|---|---|---|
| Property | |||||
| investments | Total | ||||
| Valuation | g | ||||
| At I April 2021 | 5,100,000 | 5,100,000 | |||
| Additions | |||||
| Disposal s Net unrealized gain on |
revaluation | (500,000) 700,000 |
(500,000) 700,000 |
||
| Market value at 31March | 2022 | 5,300,000 | 5,300,000 | ||
| Historical cost at 31March | 2022 | 131,600 | 131,600 | ||
| The above investments | are | held to provide | investment | return for the Trust. | |
| The following investments |
each represent | more than | 5%by value of | ||
| total investments at 31 |
March 2022: |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| g | ||||||
| Gain on revaluation | ofinvestment | properties | 700,000 | 500,000 | ||
| Profit on sale | ofinvestment | property | 564,929 | |||
| 1,264,929 | 500,000 | |||||
| 7 DEBTORS | ||||||
| 2022 | 2021 | |||||
| Prepayments | and accrued | income | 5,442 | 9,038 |
| 8 CRE | DITORS: Amounts falling due within |
one year | |
|---|---|---|---|
| 2022 | 2021 | ||
| Accruals | 10,331 | 10,762 | |
| Deferred | income | 3,387 | 9,728 |
| Taxation | and social security | 2,785 | 1,013 |
| 16,503 | 21,503 |
| Brought | Income | Expenditure | Carried | ||||
|---|---|---|---|---|---|---|---|
| forward | in year | in year | Transfers | forward | |||
| General | fund | 1,460,060 | 1,223,913 | (196,733) | 13,007 | 2,500,247 | |
| Revaluation | reserve | 2,983,315 | (13,007) | 2,970,308 | |||
| Fair value reserve | 4,968,400 | 700,000 | (500,000) | 5,168,400 | |||
| 9,411,775 | 1,923,913 | (696,733) | 10,638,955 |