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|||Page|
|---|---|---|
|Report ofthe Trustees||1to3|
|Statement
of Financial
Activities|||
|Statement
ofcomprehensive|income||
|Balance Sheet|||
|Notes to the financial statements||7to 11|
|Analysis of expenditure||12|
|Rental income schedule||13|
|Summary
ofshare investments|and income|14|
|Report ofthe independent
examiner||15to 16|
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|for the year ended 31|December 202|2||||
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total||
|||Funds|Funds|Funds||
|||2022|2022|2022|2021|
|||E||||
|Incoming resources||||||
|Investment
income||||||
|Dividends
(page 14)||4,995||4,995|4,604|
|Interest (page 10)||115||115|12|
|Other trading
activities||29,832||29,832|31,070|
|Total incoming
resources||34,942||34,942|35,686|
|Charitable
expenditure||||||
|Direct - re rental income|(page 12)|(9,382)||(9,382)|(6,804)|
|Investment
management|costs|(1,215)||(1,215)|(1,058)|
|Indirect - general (page 12)||(10,827)||(10,827)|(10,017)|
|Total resources expended||(21,424)||(21,424)|(17,879)|
|Gains on investments
on|valuation|(25,880)|(15,727)|(41,607)|22,166|
|Gains on property
revaluation||||||
|Net movement
in funds|for the year|(12,362)|(15,727)|(28,089)|39,973|
|Total funds at 1 January|2022|295,827|976,595|1,272,422|1,232,449|
|Total funds at 31 December 2022||283,465|960,868|1,244,333|1,272,422|
##
||2022|2021|
|---|---|---|
|Surplus for the financial year|13,518|17,807|
|Other comprehensive
income|||
|Gain on valuation
of listed shares|(41,607)|22,166|
|Funds generated
in year as shown on SOFA|(28,089)|39,973|
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||||Notes||2022||2021|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Investment
assets|||||815,000||815,000|
|Share investments|||||360,525||399,403|
||||||1,175,525||1,214,403|
|Current assets||||||||
|Debtors|||10|1,989||2,135||
|Cash at bank and|in hand|||86,889||77,454||
|||||88,878||79,589||
|Current
liabilities|||10|(20,070)||(21,570)||
|Net current assets|||||68,808||58,019|
|Total assets less|current||liabilities||1,244,333||1,272,422|
|Funds||||||||
|Permanent
endowment||fund|||960,868||976,595|
|Unrestricted
fund|||||283,465||295,827|
||||||1,244,333||1,272,422|
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|for|the year ended 31 Decembe|r 2022|||||
|---|---|---|---|---|---|---|
|4|Employees||||2022|2021|
||Average
number of persons|employed|by the company||||
|5|Tangible fixed assets||||||
||||Investment|Fixtures|||
||||properties|and fittings||Total|
||Cost or valuation||||||
||At 1 January 2022||815,000|966||815,966|
||Additions||||||
||Surplus
on revaluation||||||
||Disposals||||||
||At 31 December 2022||815,000|966||815,966|
||Depreciation||||||
||At 1 January 2022|||966||966|
||Charge for the year||||||
||Surplus
on revaluation||||||
||On disposals||||||
||At 31 December 2022|||966||966|
||Net book value||||||
||At 31 December 2022||815,000|||815,000|
||At 31 December 2021||815,000|||815,000|
##
|||2022||2021||
|---|---|---|---|---|---|
||||Market||Market|
|||Cost|Value|Cost
E|Valuef|
|Capital fund||129,299|136,278|128,251|150,974|
|Repairs fund||11,630|12,258|11,536|13,580|
|Accumulation|fund|201,131|211,989|199,502|234,849|
|||342,060|360,525|339,289|399,403|
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|||||Unrestricted|funds|||
|---|---|---|---|---|---|---|---|
|||||General|repairs|Totalf|Fundsf|
|Income|(page 4)|||34,942||34,942||
|Expenditure
(page 12)||||(21,424)||(21,424)||
|||||13,518||13,518||
|Opening|value|as previously|stated|283,123|12,704|295,827|976,595|
|Funds available||for use||296,641|12,704|309,345|976,595|
|Net investment||(losses)/gains||(24,465)|(1,415)|(25,880)|(15,727)|
|||||272,176|11,289|283,465|960,868|
##
|8|Analysis|of Fund Balan|ces between th|e Net Assets||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|funds|||
||||||Extra|Permanent||
||||||ordinary|Endowment||
|||||General|repairs|funds|Total|
||Fixed assets/investment||properties|||815,000|815,000|
||Share investments|||211,989|12,258|136,278|360,525|
||Net current assets|||59,218||9,590|68,808|
|||||272,176|11,289|960,868|1,244,333|
|9|Analysis|of income||||||
|||||||2022|2021|
||Other interest on deposits|||||115|12|
|10|Analysis|of Debtors and Creditors||||||
|||||||2022|2021|
||Debtors|||||||
||Rent deposit held by Solicitors|||||1,000|1,000|
||Insurance|etc prepaid||||989|1,135|
|||||||1,989|2,135|
||Creditors|||||||
||Accountancy fees|||||1,320|1,320|
||Deferred|income||||17,750|19,250|
||Deposit held re Tennis Courts|||||1,000|1,000|
|||||||20,070|21,570|
##
|Balance|as at 1 January 2022|19,250|
|---|---|---|
|Released|to SOFA in the year|1,500|
|Balance|as at 31 December 2022|17,750|
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|for the year end|ed 31|December 2022|||
|---|---|---|---|---|
||||2022|2021|
|Direct expenses|- Rental||||
|Repairs and renewals|||5,187|3,700|
|Insurances|||1,154|1,088|
|Alarm System|||711|696|
|Garden
Maintenance|||2,330|1,320|
||||9,382|6,804|
|Indirect expenses|-general||||
|Clerk - salary|||8,100|7,650|
|Travelling
and sundry expenses|||1,407|1,047|
|Accountancy
fee|||1,320|1,320|
|Investment
management||costs|1,215|1,058|
||||12,042|11,075|
|Total expenses|||21,424|17,879|
##
|for the year ended 31 Dec|ember 2022||||
|---|---|---|---|---|
|||Lockington|||
|||Avenue|||
|||Tennis|Total||
||Edenside|Courts|2022|2021|
||Hartley|Hartley|||
|Income|||||
|Rents received|28,332|1,500|29,832|31,070|
|Less: expenses|||||
|Repairs and renewals|5,187||5,187|3,700|
|Water rates|||||
|lnsurances|1,154||1,154|1,088|
|Call alarm system|711||711|696|
|Garden
maintenance|2,330||2,330|1,320|
||9,382||9,382|6,804|
|Net surplus/(shortfall)|18,950|1,500|20,450|24,266|
##
|for the year ended|31 December|2022|||||
|---|---|---|---|---|---|---|
||||||Income||
|||Nominal|Cost at|Valuation
at|2022|2021|
|||Holdings|31.12.22|31.12.22|||
|PERMANENT
ENDOWMENT
FUND|||||||
|7IM AAP Moderately|Adventurous||||||
|Dublin C Grp Acc|||||||
|7IM AAP Moderately|Adventurous||||||
|C Grp Acc||23703|43,952|48,705|110|203|
|7IM Sustainable
Balance CAcc||50028|85,347|87,573|1,309|1,538|
||||129,299|136,278|||
|EXTRAORDINARY|REPAIRS FUND||||||
|Extraordinary
repairs fund|||||||
|7IM AAP Moderately|Adventurous||||||
|Dublin C Grp Acc|||||||
|7IM AAP Moderately|Adventurous||||||
|C Grp Acc||2132|3,953|4,381|||
|7IM Sustainable
Balance C Acc||4500|7,677|7,877|||
||||11,630|12,258|||
|ACCUMULATED
INCOME FUND - Unrestricted|||||||
|7IM AAP Moderately|Adventurous||||||
|Dublin C Grp Acc|||||||
|7IM AAP Moderately|Adventurous||||||
|C Grp Acc||36872|68,370|75,764|182|333|
|7IM Sustainable
Balance C Acc||77821|132,761|136,225|2,153|2,530|
||||201,131|211,989|||
|Managed
Out Portfolio (M8G Securities Ltd)|||||1,241||
|Total|||342,060|360,525|4,995|4,604|
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