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|---|---|---|---|
|Trustees'|report||1-3|
|Independent
auditor's||report|4-6|
|Statement|of financial|activities||
|Balance sheet||||
|Statement|of cash flows|||
|Notes to|the accounts||10-20|
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||||Unrestricted|Designated|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Notes|Funds
F|Funds
f|Funds
f|2022
6|2021
6|
|Income and endowments|from:|||||||
|Income from investments||2|2,204|||2,204|332|
|Charitable
activities||3|563,740|||563,740|521,027|
|Total income|||565,944|||565,944|521,359|
|Expenditure
on:||||||||
|Charitable
activities||4|276,597|42,656||319,253|363,917|
|Donation|||||||200,000|
|Total expenditure|||276,597|42,656||319,253|563,917|
|Net income I expenditure|||289,347|(42,656)||246,691|(42,558)|
|Unrealised
Gains (Losses)
investments|on|||(15,265)||(15,265)|25,125|
|Revaluation
oftangible
fixed assets|||120,150||1,211,250|1,331,400|1,277,889|
|Transfers
between
funds|||(42,656)|42,656||||
|Net movement
In funds|||366,841|(15,265)|1,211,250|1,562,826|1,260,456|
|Fund balances at 1 January|2022||1,604,828|169,640|11,742,750|13,517,218|12,256,762|
|Fund balances at 31 December 2022|||1,971,669|154,375|12,954,000|15,080,044|13,517,218|
|||||2022||2021|
|---|---|---|---|---|---|---|
||||Notes||||
|Fixed Assets|||||||
|Tangible assets|||13||14,269,950|12,938,550|
|investments|||||154,375|169,640|
||||||14,424,325|13,108,190|
|Current Assets|||||||
|Debtors||||14,973||13,746|
|Cash at Bank and in Hand|||12|688,918||470,059|
|||||703,891||483,805|
|Current
Liabilities|||||||
|Creditors|||10|(48,172)||(74,777)|
|Net Current|Assets||||655,719|409,028|
|Total Net Assets|||||15,080,044|13,517,218|
|The Funds|ofthe Charity||||||
|Endowment|Funds||15|660,570||660,570|
|Endowment|Funds Revaluation|Reserve||12,293,430||11,082,180|
||||||12,954,000|11,742,750|
|Designated|Funds||15|74,443||74,443|
|Designated|Funds Revaluation|Reserve||79,932||95,197|
||||||154,375|169,640|
|Unrestricted|Funds||15|1,316,160||1,069,469|
|Unrestricted|Funds Revaluation|Reserve||655,509||535,359|
||||||1,971,669|1,604,828|
|Total Charity Funds|||||15,080,044|13,517,218|
||||||||2022||2021||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|f|f|||
|Cash flows from operating||activities|||||||||
|Cash generated
from operations||||||16||216,655||1,991|
|Investing|activities||||||||||
|Proceeds|from sale of investment||||||||||
|Purchase|of investments||||||||||
|Investment|interest received||||||2,204||332||
|Net cash|(used in)/ generated||from investing||activities|||2,204||332|
|Net Increase/(decrease)
in||cash||and cash equivalents||||218,859||2,323|
|Cash and|cash equivalent
brought|||forward||||470,059||467,736|
|Cash and|cash equivalent|carried forward||||||688,918||470,059|
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|2 Investment
income|||||Tota I|Total|
|---|---|---|---|---|---|---|
||||||2022|2021|
|Interest receivable|||||2,204|332|
|3Income from charitable||activities|||Total|Total|
||||||2022|2021|
|Rents|||||563,740|521,027|
|4 Expenditure
on charitable|||activities||||
||||||2022|2021|
|Costs relating
to charitable||activities comprise:|||||
|Legal and professional|fees||||3,586|1,899|
|Structural
survey reports (Unrestricted||||Fund)|3,785|1,423|
|Structural
survey reports (Designated||||Fund)|41,706||
|Ground
rent|||||196|142|
|Property
valuation
fee|||||400|350|
|Insurance|||||35,359|32,426|
|Unoccupied
house expenses|||||2,194|1,986|
|Agent commission|||||70,659|65,183|
|Repair and maintenance||(Unrestricted||Fund)|145,852|193,037|
|Repair and maintenance||(Designated||Fund)|950|54,157|
|Postage and stationery|||||264|474|
|Secretary's fee|||||10,278|9,336|
|Auditor's
remuneration|||||3,732|3,504|
|Sundry expenses|||||292||
||||||319,253|363,917|
##
##
|7 Donatio|ns|payable||||
|---|---|---|---|---|---|
|||||2022|2021|
|Donations|to|institutions:||||
|The Chadwick||Educational|Foundation||200,000|
##
##
|9Debtors||||
|---|---|---|---|
|||2022|2021|
|Prepayments
and accrued income||14,973|13,746|
|10Creditors||||
|||2022|2021|
|Trade creditors||257|12,704|
|Accruals
and deferred|income|47,915|62,073|
|||48,172|74,777|
|11Fixed asset investments|||Designated|
||||Income|
||||Investments|
|COlf Accumulation
Shares||||
|Market value at 1 January 2022|||169,640|
|Disposals at opening
book value||||
|Acquisitions
at cost||||
|Change
in value
in the|year||(15,265)|
|Market value at 31 December 2022|||154,375|
|Historical cost:||||
|At 31 December 2022|||74,443|
|At 31 December 2021|||74,443|
|12Cash|at bank and in hand|||||
|---|---|---|---|---|---|
|||Unrestricted|Designated|Endowment||
|||funds|funds|funds|Total|
|Royal Bank of Scotland Pic||484,965|||484,965|
|Furnsss|Building Society|203,945|||203,945|
|Cash||||||
|||688,918|||688,918|
||||Shorthold|Protected|Shorthold|Protected||
|---|---|---|---|---|---|---|---|
||||Tenancies|Tenancies|Tenancies|Tenancies||
||||Endowment|Endowment|Unrestricted|Unrestricted|Total|
||||Fund|Fund|Fund|Fund||
|Cost & valuation||||||||
|At 1 January|2022||4,675,950|150,600|||4,826,550|
|Additions||||||||
|Revaluation|||464,400|15,000|||479,400|
|Transfers||||||||
|At 31 December||2022|5,140,350|165,600|||5,305,950|
|At 31 December||2021|4,675,950|150,600|||4,826,550|
|Leasehold|land|& buildings||||||
||||Shorthold|Protected|Shorthold|Protected||
||||Tenancies|Tenancies|Tenancies|Tenancies||
||||Endowment|Endowment|Unrestricted|Unrestricted|Total|
||||Fund|Fund|Fund|Fund||
|Cost &valuation||||||||
|At 1 January|2022||5,314,500|1,601,700|1,132,200|63,600|8,112,000|
|Additions||||||||
|Revaluation|||573,150|158,700|113,850|6,300|852,000|
|Transfers|||87,000|(87,000)||||
|At 31 December||2022|5,974,650|1,673,400|1,246,050|69,900|8,964,000|
|At 31 December||2021|5,314,500|1,601,700|1,132,200|63,600|8,112,000|
##
||||Unrestricted|Designated|Endowment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds||
|Fund balances at 31 December 2022|||||||
|are represented
by:|||||||
|Tangible
fixed assets|||1,315,950||12,954,000|14269950|
|Investments||||154,375||154,375|
|Current assets|||703,891|||703,891|
|Creditors: amounts|falling|due within|(48,172)|||(48,172)|
|one year|||||||
||||1,971,669|154,375|12,954,000|15,080,044|
|Unrealised
gains included||above:|||||
|On tangible
fixed assets|||655,509||12,293,430|12,948,939|
|On investments||||79,932||79,932|
||||655,509|79,932|12,293,430|13,028,871|
|Reconciliation
of movements
in|||||||
|unrealised
gains|||||||
|Unrealised
gains at|1 January 2022||535,359|95,197|11,082,180|11,712,736|
|Net gains on revaluations||in year|120,150|(15,265)|1,211,250|1,316,135|
|Unrealised
gains at|31 December 2022||655,509|79,932|12,293,430|13,028,871|
##
|15Movement
in funds||||||
|---|---|---|---|---|---|
|Balance at||Movement|in funds||Balance at 31|
|Funds
1 January
2022|Income|Expenditure|Revaluation|Transfers|December
2022|
|Endowment
Fund
11,742,750|||1,211,250||12,954,000|
|Designated
Fund
169,640||(42,656)|(15,265)|42,656|154,375|
|Unrestricted
Fund
1,604,828|565,944|(276,597)|120,150|(42,656)|1,971,669|
|Total Funds
13,517,218|565,944|(319,253)|1,316,135||15,080,044|
|16Cash generated
from operations||||||
|||||2022|2021|
|Net movement
in funds||||1,562,826|1,260,456|
|Deduct investment
income||||(2,204)|(332)|
|Deduct gains/add
back losses on investments||||15,265|(25,125)|
|Deduct revaluation
of fixed assets||||(1,331,400)|(1,277,889)|
|Movement
in working
capital:||||||
|(Increase)/decrease
in debtors||||(1,227)|(488)|
|(Decrease)fincrease
in creditors||||(26,605)|45,369|
|||||216,655|1,991|
##
|17Comparatives
for 2021|17Comparatives
for 2021||||||
|---|---|---|---|---|---|---|
|Statement of Financial|Activities||Unrestncted|Designated|Endowment|Total|
||||Funds|Funds
f|Funds
f|2021f|
|Income and endowments|from:||||||
|Income from investments|||332|||332|
|Charitable
activities|||521,027|||521,027|
|Total income|||521,359|||521,359|
|Expenditure
on:|||||||
|Charitable
activities|||309,760|54,157||363,917|
|Donation|||200,000|||200,000|
|Total expenditure|||509,760|54,157||563,917|
|Net income I expenditure|||11,599|(54,157)||(42,558)|
|Unrealised
Gains (Losses) on investments||||25,125||25,125|
|Revaluation
of tangible|fixed|assets|142,398||1,135,491|1,277,889|
|Transfers
between
funds|||(54,157)|54,157|||
|Net movement
in funds|||99,840|25,125|1,135,491|1,260,456|
|Fund balances at 1 January||2021|1,504,988|144,515|10,607,259|12,256,762|
|Fund balances at 31 December 2021|||1,604,828|169,640|11,742,750|13,517,218|
|Cash at bank and in hand|||Unrestricted|Designated|Endowment||
||||funds|funds|funds|Total|
|Royal Bank of Scotland|Pic||267,379|||267,379|
|Fumess
Building Society|||202,672|||202,672|
|Cash|||||||
||||470,059|||470,059|
##
|Freehold
la|nd & buildings||||||
|---|---|---|---|---|---|---|
|||Shorthold|Protected|Shorthold|Protected||
|||Tenancies|Tenancies|Tenancies|Tenancies||
|||Endowment|Endowment|Unrestricted|Unrestricted|Tota I|
|||Fund|Fund|Fund|Fund||
|Cost &valuation|||||||
|At 1 January|2021|4,229,325|144,120|||4,373,445|
|Additions|||||||
|Revaluation||446,625|6,480|||453,105|
|Transfers|||||||
|At 31 December 2021||4,675,950|150,600|||4,826,550|
|At 31 December 2020||4,229,325|144,120|||4,373,445|
|Leasehold|land & buildings|Shorthold|Protected|Shorthold|Protected||
|||Tenancies|Tenancies|Tenancies|Tenancies||
|||Endowment|Endowment|Unrestricted|Unrestricted|Total|
|||Fund|Fund|Fund|Fund||
|Cost &valuation|||||||
|At 1 January|2021|4,691,754|1,542,060|930,852|122,550|7,287,216|
|Additions|||||||
|Revaluation||532,746|149,640|136,458|5,940|824,784|
|Transfers||90,000|(90,000)|64,890|(64,890)||
|At 31 December 2021||5,314,500|1,601,700|1,132,200|63,600|8,112,000|
|At 31 December 2020||4,691,754|1,542,060|930,852|122,550|7,287,216|
||||Unrestricted|Designated|Endowment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds||
|Fund balances at 31 December 2021|||||||
|are represented
by:|||||||
|Tangible
fixed assets|||1,195,800||11,742,750|12,938,550|
|Investments||||169,640||169,640|
|Current assets|||483,805|||483,805|
|Creditors: amounts|falling|due within|(74,777)|||(74,777)|
|one year|||||||
||||1,604,828|169,640|11,742,750|13,517,218|
|Unrealised
gains included||above:|||||
|On tangible
fixed assets|||535,359||11,082,180|11,617,539|
|On investments||||95,197||95,197|
||||535,359|95,197|11,082,180|11,712,736|
|Reconciliation
of movsmsnts
in|||||||
|unrealised
gains|||||||
|Unrealised
gains at|1 January 2021||392,961|70,072|9,946,689|10,409,722|
|Nst gains on revaluations||in year|142,398|25,125|1,135,491|1,303,014|
|Unrealised
gains at|31 December 2021||535,359|95,197|11,082,180|11,712,736|
##
|ement
in fu|nds|||||||
|---|---|---|---|---|---|---|---|
|||Balance at||Ililovement|in funds||Balance at 31|
|Funds||1 January
2021|Income|Expenditure|Revaluation|Transfers|December
2021|
|Endowment|Fund|10,607,259|||1,135,491||11,742,750|
|Designated|Fund|144,515||(54,157)|25,125|54,157|169,640|
|Unrestricted|Fund|1,504,988|521,359|(509,760)|142,398|(54,157)|1,604,828|
|Total Funds||12,256,762|521,359|(563,917)|1,303,014||13,517,218|
|17Comparatives
for 2021 continued|17Comparatives
for 2021 continued|||||
|---|---|---|---|---|---|
|Statement
ofCash Flows||||||
||||Notes|2021||
|||||f||
|Cash flows from operating
activities||||||
|Cash generated
from operations|||||1,991|
|Investing
activities||||||
|Proceeds from sale of investment||||||
|Purchase of investments||||||
|Investment
interest received||||332||
|Net cash (used in)/ generated
from|investing|activities|||332|
|Net increase/(decrease)
in cash and cash equivalents|||||2,323|
|Cash and cash equivalent
brought|forward||||467,736|
|Cash and cash equivalent
carried forward|||||470,059|
|Cash generated
from operations||||||
|||||2021||
|Net movement
in funds||||1,260,456||
|Deduct investment
income||||(332)||
|Deduct gains/add
back losses on investments||||(25,125)||
|Deduct revaluation
of fixed assets||||(1,277,889)||
|Movement
in working
capital;||||||
|(Increase)/decrease
in debtors||||(488)||
|(Decrease)fincrease
in creditors||||45,369||
|||||1,991||