|||Page|| |---|---|---|---| |Report ofthe Trustees|I|to|7| |Report ofthe Independent
Auditors|8|to|10| |Statement of Financial
Activities|||| |Balance Sheet||17|| |Cash Flow Statement||13|| |Notes to the Cash Flo» Statement|14|to|15| |Notes to the Financial Statements|16|to|25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Endowment|Total|Total| ||||||fund|funds|fund|funds|funds| |||||Notes|f||||f| |INCOME AND|||||||||| |ENDOWMENTS
FROM|||||||||| |Donations
and legacies||||3|84,693|||84,693|8,503| |Charitable
activities|||||||||| |Work Done - Dean and||Chapter|||398,670|||398,670|290,063| |Work Done - other clients|||||580,794|||580,794|167,435| |Investment
income||||4|7,191||2,321|9,512|22,473| |Other income|||||||||97,935| |Total|||||1,071,348||2,321|1,073,669|586,409| |EXPENDITURE ON|||||||||| |Charitable
activities|||||||||| |Charitable
activities|||||790,180||2,637|792,817|645,900| |Net gains/(losses)
on
investments|||||45,969||~247)|45,722|28,220| |NET|||||||||| |INCOME/(EXPENDITURE)|||||327,137||(563)|326,574|(31,271)| |Other recognised
gains/(losses)|||||||||| |Gains/(losses)
on revaluation
fixed assets|||of||~68,738)|||~68,738)|57,901| |Net movement
in funds|||||258,399||(563)|257,836|26,630| |RECONCILIATION||OF|||||||| |FUNDS|||||||||| |Total funds brought|forward||||1,082,552||244,312|1,326,864|1,300,234| |TOTAL FUNDS CARRIED|||||||||| |FORWARD|||||1,340,951||243,749|1,584,700|1,326 864| ## |||||||2022|2021| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total|Total| ||||fund|funds|fund|funds|funds| |||Notes|f||8||| |FIXEDASSETS|||||||| |Tangible
assets||12|79,012|||79,012|119,749| |Investments||13|694,213||~212870|907,083|794,864| ||||773,225||212,870|986,095|914,613| |CURRENT ASSETS|||||||| |Stocks||14|98,129|||98,129|124,081| |Debtors||15|151,305|||151,305|114,059| |Cash at bank and in hand|||425,908||30,879|456,787|303,353| ||||675,342||30,879|706,221|541,493| |CREDITORS|||||||| |Amounts
falling due within|one||||||| |year||16|(107,616)|||(107,616)|(70,823)| |NET CURRENT ASSETS|||567,726||30 879|798,607|470 670| |TOTAL ASSETS LESS|||||||| |CURRENT LIABILITIES|||1,340,951||243,749|1,584,700|1,385,283| |CREDITORS|||||||| |Amounts
falling due alter more|||||||| |than one year||17|||||(58,419)| |NET ASSETS|||1,340,951||243,749|1,584,700|1,326,864| |FUNDS||19|||||| |Unrestricted
funds||||||1,340,951|1,082,552| |Endowment
funds||||||243,749|244,312| |TOTAL FUNDS||||||1,584,700|1,326,864| ## |||||Cash Flow Statement||| |---|---|---|---|---|---|---| ||||for the|Year Ended 31 March|2022|| ||||||2022|202 I| ||||Notes|||f| |Cash flows from operating|activities|||||| |Cash generated
from operations
Interest paid|||I||242,918
~7,115|(168,684)
~11,524)| |Net cash provided
by/(used|in) operating||activities||235,803|(180,208)| |Cash flows from investing|activities|||||| |Purchase oftangible
fixed assets|||||(2,363)|(1,420)| |Purchase offixed asset investments|||||(455,599)|(234,229)| |Sale offixed asset investments|||||366,397|214,914| |Interest received|||||892|1,035| |Dividends
received|||||8,620|21,438| |Net cash (used in)/provided|by investing||activities||~82,053)|1,738| |Cash flows from financing|activities|||||| |Income attributable
to endowment|||||2,321|2,122| |Expenditure
attributable
to|endowment||||~2,637)|~13,972)| |Net cash used in financing|activities||||~316)|~11,850)| |Change
in cash and cash equivalents||in||||| |the reporting
period|||||153,434|(190,320)| |Cash and cash equivalents|at the|||||| |beginning
ofthe reporting|period||||303,353|| |Cash and cash equivalents|at the end|of||||| |the reporting
period|||||456,787|303,353| ## ## ## |OPERATING AC|TIVI|TIE|S||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| ||||||||f| |Net income/(expenditure)||for the reporting||period (as per the|||| |Statement ofFinancial||Activities)||||326,574|(31,271)| |Adjustments
for:|||||||| |Depreciation
charges||||||43,100|50,273| |Gain on investments||||||(45,722)|(28,220)| |Interest received||||||(892)|(1,035)| |Interest paid||||||7,115|11,524| |Dividends
received||||||(8,620)|(21,438)| |Income attributable|to endowment|||||(2,321)|(2,122)| |Expenditure
attributable||to endowment||||2,637|13,972| |Realised gains and|losses|||||(46,033)|| |Decrease/(increase)|in stocks|||||25,952|(124,081)| |Increase in debtors||||||(37,246)|(53,381)| |(Decrease)/increase|in creditors|||||~21,626)|17,095| |Net cash provided|by/(used||in) operations|||242,918|~168,684)| |ANAI.YSISOF CHANGES|||IN NET FUNDS||||| ||||||At 1.4.21|Cash flow|At 31.3.22| |||||||f|f| |Net cash|||||||| |Cash at bank and in|hand||||303,353|153,434|456,787| ||||||303,353|153,434|456,787| |Total|||||303,353|153,434|456,787| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS
AND I.|EG|ACIES|||| |---|---|---|---|---|---| |||||2022|2021| ||||||f| |Grants and donations||||84,693|8,503| |All ofthe 884,693 received||in 2022 (2021:f8,503)related to unrestricted|funds.||| |INVESTMENT INCOME|||||| |||||2022|2021| |||||f.|f| |Fixed asset investment|income|||8,620|21,438| |Deposit account interest||||892|1,035| |||||9,512|22,473| ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||||f|| |Work|done|-|Dean|and Chapter|398,670|290,063| |Work|done|-|other|clients|580,794|167,435| ## ## |CHARITABLE ACTIVITIES COSTS||| |---|---|---| ||2022|2021| |Direct costs|779,390|635,206| |Support costs (see note 7)|13,427|10,694| ## ## ## |SUPPORT COSTS||| |---|---|---| ||2022|2021| |||f| |Governance|13,427|10,694| |NET INCOME/(EXPENDITURE)||| |Net resources are stated atter charging/(crediting):||| ||||2022|2021| |---|---|---|---|---| |Auditors'|remuneration||6,200|5,650| |Depreciation||-owned assets|43,100|50,273| ## ## ## |STAFF COSTS|||||| |---|---|---|---|---|---| |||||2022|2021| |Wages and salaries||||479,291|365,411| |Social security costs||||38,229|27,642| |Other pension costs||||49,153|51,492| |||||566,673|444,545| |The average
monthly|number ofemployees|during|the year was as follows:||| |||||2022|2021| |Charitable
activities||||19|16| ## |II.|COMPARATIVES
FOR THE STATEMENT|COMPARATIVES
FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total| ||||fund|funds|fund|funds| ||||f|f|f|f| ||INCOME AND ENDOWMENTS|FROM||||| ||Donations
and legacies||8,503|||8,503| ||Charitable
activities|||||| ||Work Done - Dean and Chapter||290,063|||290,063| ||Work Done - other clients||167.435|||167,435| ||Investment
income||20,351||2,122|22,473| ||Other income||97,935|||97,935| ||Total||584,287||2,122|586.409| ||EXPENDITURE ON|||||| ||Charitable
activities|||||| ||Charitable
activities||631.928||13,972|645,900| ||Net gains on investments||9,870||18,350|28,220| ||NET INCOME/(EXPENDITURE)||(37,771)||6,500|(31,271)| ||Other recognised
gains/(losses)|||||| ||Gains on revaluation
offixed assets||40,831||17,070|57,901| ||Net movement
in funds||3,060||23,570|26,630| ||RECONCILIATION
OF FUNDS|||||| ||Total funds brought
forward||1,079,492||220,742|1,300,234| ||TOTAL FUNDS CARRIED FORWARD||1,082,552||244,312|1,326,864| ## |TANGIBI.EFIXEDASSE|TS||||| |---|---|---|---|---|---| ||Improvements||Fixtures||| ||to|Plant and|and|Computer|| ||property
f|machinery
f|fittings
f|equipment
f|Totals
f| |COST|||||| |At
I April 2021|63,585|139,258|94,427|47,808|345,078| |Additions||2,363|||2,363| |At 31 March 2022|63,585|141.621|94,427|47,808|347,441| |DEPRECIATION|||||| |At
I April 2021|23,844|102,344|65,571|33,570|225,329| |Charge for year|7,948|14,422|13,023|7,707|43,100| |At 31 March 2022|31.792|116.766|78,594|41,277|268,429| |NET BOOK VALUE|||||| |At 31 March 2022|31,793|24,855|15,833|6,531|79,012| |At 31 March 2021|39,741|36,914|28,856|14,238|119,749| |FIXEDASSET INVESTMENTS|||||| ||||||Listed| ||||||investments| ||||||8| |MARKET VALUE|||||| |At
I April 2021|||||794,864| |Additions|||||455,599| |Disposals|||||(320,675)| |Revaluations|||||(68,738)| |Realised gains and losses|||||46,033| |At 31 March 2022|||||907,083| |NET BOOK VALUE|||||| |At 31 March 2022|||||907,083| |At 31 March 2021|||||794,864| ## ||||Listed| |---|---|---|---| ||||investments| ||||f| |Valuation|in|2021|(68,737)| |Valuation|in|2022|(19,634)| |Cost|||995,454| ||||907,083| ## ||||||for the Year|Ended 31|March 2022||| |---|---|---|---|---|---|---|---|---|---| |14.|STOCKS||||||||| |||||||||2022|2021| ||||||||||f| ||Stocks|||||||98,129|124,081| |15.|DEBTORS:|AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||| |||||||||2022|2021| |||||||||f|f| ||Trade debtors|||||||137,407|45,781| ||Other debtors||||||||617| ||Prepayments|and accrued||income||||13,898|67,661| |||||||||151,305|114,059| |16.|CREDITORS:||AMOUNTS||FALLING DUE|WITHIN|ONE YEAR||| |||||||||2022|2021| ||||||||||f| ||Trade creditors|||||||21,106|15,452| ||Social security||and other|taxes||||9,552|7,337| ||VAT|||||||63,670|16,461| ||Other creditors|||||||5,796|24,239| ||Accrued expenses|||||||7492|7,334| |||||||||107,616|70,823| |17.|CREDITORS:||AMOUNTS||FALLING DUE|AFTER MORE THAN ONE YEAR|||| |||||||||2022|202 I| ||Other creditors||due between||2 and 5 years||||58,419| |18.|LEASING AGREEMENTS||||||||| ||Minimum
lease||payments|under non-cancellable||operating|leases fall due as follows:||| |||||||||2022|2021| |||||||||f|f.| ||Within one year|||||||6,481|5,836| |19.|MOVEMENT||IN FUNDS||||||| |||||||||Net|| |||||||||movement|At| ||||||||At 1.4.21|in funds|31.3.22| ||||||||||f| ||Unrestricted|funds|||||||| ||General
fund||||||1,082,552|258,399|1,340,951| ||Endowment|funds|||||||| ||Peter Gibson|fund|||||244,312|(563)|243,749| ||TOTAL FUNDS||||||1326,864|237,836|1,384,700| ## ## ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources
E|expended
f|losses|in funds
f| |Unrestricted|funds|||||| |General
fund|||1,071,348|(790,180)|(22,769)|258,399| |Endowment|funds|||||| |Peter Gibson|fund||2,321|(2,637)|(247)|(563)| |TOTAL FUNDS|||1,073,669|~792,817)|~23,016)|257,836| |Comparatives|for movement|in funds||||| ||||||Net|| ||||||movement|At| |||||At 1.4.20|in funds|31.3.21| |||||||f| |Unrestricted|funds|||||| |General
fund||||1,079,492|3,060|1,082,552| |Endowment|funds|||||| |Peter Gibson|fund|||220,742|23,570|244,312| |TOTAL FUNDS||||1,300,234|26,630|1,326,864| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources
f|expended|losses|in funds
f| |Unrestricted|funds||||| |General
fund||584.287|(631,928)|50,701|3,060| |Endowmeat|funds||||| |Peter Gibson|fund|2,122|(13,972)|35,420|23,570| |TOTAL FUNDS||586,409|(645,900)|86,121|26630| ## ## |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At 1.4.20|in funds|31.3.22| ||||f|f|f| |Unrestricted||funds|||| |General|fund||1,079,492|261,459|1,340,951| |Endowment||funds|||| |Peter Gibson||fund|220,742|23,007|243,749| |TOTAL|FUNDS||1,300,234|284,466|1,584,700| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses
f.|in funds
f| |Unrestricted|funds||||| |General
fund||1,655,635|(1,422,108)|27,932|261,459| |Endowment|funds||||| |Peter Gibson|fund|4,443|(16,609)|35,173|23,007| |TOTAL FUNDS|||||| ## ## ## ## ## ## ## ## |||||2022|2021| |---|---|---|---|---|---| |Balance sheet liability|I|April||78,084|94,084| |Deficit contribution
paid||||(10,000)|(20,000)| |Interest cost (recognised||in SoFA)|||1,000| |Remaining
change to|the|balance sheet liability* (recognised|in SoFA)|(68.084)|3,000| |Balance sheet liability|31 March||||78,084| ##