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