The Trustees of The Retreat, Loxwood Registered Charity No 258850
Chairman Secretary N J Jones Ms Bex McKee 01403 822666 9 Hamilton Road Cosham Portsmouth PO6 4QE 02392 431597
THE RETREAT CHARITY TRUST
CHAIRMANS REPORT FOR FINANCIAL YEAR ENDED 5 APRIL 2022 GOVERNING DOCUMENT TRUST DEED 26 APRIL 1966
Provision of residential accommodation for the elderly
The trust provides low cost housing for persons over the age of 60 giving priority to residents of Loxwood, their dependents and those who have ties to the local area. There are 9 units of accommodation which are managed for the trustees on a day to day basis by Greenoak Community Focus.
In the last year, the Trustees have taken advice with regard to the location and likely target population for residents. The population of the village is growing but the amenities have considerably declined. The fabric of The Retreat dates from the 1950’s and does not lend itself to energy saving improvements. Faced with these facts the Trustees have resolved to commission a report, one aspect of which will be to consider a change of location for the Retreat building to one that does provide these amenities. This consideration will take account of the obligations to current residents - as all rooms are presently occupied - as well as the Charitable Trust.
Without prejudging the outcome of the report, it may be necessary in future to apply to the Commission for consent to sell assets.
The contents of this chairman’s report were discussed at a recent meeting of all the Trustees and were unanimously approved.
N J Jones (Chair)
REGISTERED CHARITY NUMBER: 258850
Report of the Trustees and
Financial Statements for the Year Ended 5 April 2022
for
THE RETREAT, LOXWOOD
THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
THE RETREAT, LOXWOOD
Contents of the Financial Statements for the Year Ended 5 April 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
THE RETREAT, LOXWOOD
Report of the Trustees for the Year Ended 5 April 2022
The trustees present their report with the financial statements of the charity for the year ended 5 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
258850
Principal address
7 Rosemary Gardens Godalming Surrey GU7 1UZ
Trustees
Mr R Hallt Mr M Slorick Mr N Jones Mr R Winney Ms B Kitchener
Independent Examiner
THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
02/02/2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................................................... R Hallt - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Retreat, Loxwood
Independent examiner's report to the trustees of The Retreat, Loxwood
I report to the charity trustees on my examination of the accounts of The Retreat, Loxwood (the Trust) for the year ended 5 April 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
02/02/2023 Date: .............................................
Page 2
THE RETREAT, LOXWOOD
Statement of Financial Activities for the Year Ended 5 April 2022
| Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Other Total Net gains on investments NET INCOME Transfers between funds 11 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ - 16,082 16,082 51 3,480 3,531 101,521 114,072 (72,450) 41,622 1,279,016 1,320,638 |
Endowment fund £ 56,806 - 56,806 45,750 - 45,750 - 11,056 72,450 83,506 236,934 320,440 |
5.4.22 Total funds £ 56,806 16,082 72,888 45,801 3,480 49,281 101,521 125,128 - 125,128 1,515,950 1,641,078 |
5.4.21 Total funds £ 60,016 16,167 76,183 22,877 23,154 46,031 425,171 455,323 - 455,323 1,061,337 1,516,660 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 3
THE RETREAT, LOXWOOD
Balance Sheet
5 April 2022
| Notes FIXED ASSETS Tangible assets 7 Investments 8 CURRENT ASSETS Debtors 9 Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS |
Unrestricted fund £ - 1,233,447 1,233,447 3,177 86,634 89,811 89,811 1,323,258 (2,620) 1,320,638 |
Endowment fund £ 320,440 - 320,440 - - - - 320,440 - 320,440 |
5.4.22 Total funds £ 320,440 1,233,447 1,553,887 3,177 86,634 89,811 89,811 1,643,698 (2,620) 1,641,078 |
5.4.21 Total funds £ 320,440 1,115,870 1,436,310 19,051 61,299 80,350 80,350 1,516,660 - 1,516,660 |
|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 4
THE RETREAT, LOXWOOD
| Balance Sheet- continued 5 April 2022 FUNDS 11 Unrestricted funds Endowment funds TOTAL FUNDS |
1,320,638 320,440 1,641,078 |
1,196,220 320,440 1,516,660 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr R Winnwey - Trustee ............................................. Mr N Jones - Trustee
............................................. Mr M Slorick - Trustee ............................................. Mr R Hallt - Trustee
............................................. Ms B Kitchener - Trustee
The notes form part of these financial statements
Page 5
THE RETREAT, LOXWOOD
Notes to the Financial Statements for the Year Ended 5 April 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 5.4.22 | 5.4.21 | |
| £ | £ | |
| Rents receivable | 56,806 | 60,016 |
Page 6
continued...
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued
for the Year Ended 5 April 2022
3. INVESTMENT INCOME
| Dividends and stock interest Deposit account interest 4. RAISING FUNDS Investment management costs Managing agents commission Property repairs & maintenance |
5.4.22 £ 16,056 26 16,082 5.4.22 £ 9,533 24,937 34,470 |
5.4.21 £ 16,026 141 16,167 5.4.21 £ 9,335 13,542 22,877 |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Other trading activities Investment income Total EXPENDITURE ON Raising funds Other Total Net gains on investments NET INCOME Transfers between funds Net movement in funds |
Unrestricted fund £ - 16,167 16,167 - 12,189 12,189 425,171 429,149 (56,622) 372,527 |
Endowment fund £ 60,016 - 60,016 22,877 10,965 33,842 - 26,174 56,622 82,796 |
Total funds £ 60,016 16,167 76,183 22,877 23,154 46,031 425,171 455,323 - 455,323 |
|---|---|---|---|
continued...
Page 7
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Endowment fund fund £ £ RECONCILIATION OF FUNDS Total funds brought forward 823,693 237,644 TOTAL FUNDS CARRIED FORWARD 1,196,220 320,440 7. TANGIBLE FIXED ASSETS COST At 6 April 2021 and 5 April 2022 NET BOOK VALUE At 5 April 2022 At 5 April 2021 8. FIXED ASSET INVESTMENTS MARKET VALUE At 6 April 2021 Additions Revaluations At 5 April 2022 NET BOOK VALUE At 5 April 2022 At 5 April 2021 There were no investment assets outside the UK. Cost or valuation at 5 April 2022 is represented by: Valuation in 2022 Cost |
Total funds £ 1,061,337 1,516,660 Freehold property £ 320,440 320,440 320,440 Listed investments £ 1,115,870 16,056 101,521 1,233,447 1,233,447 1,115,870 Listed investments £ 101,521 1,131,926 1,233,447 |
|---|---|
continued...
Page 8
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors 11. MOVEMENT IN FUNDS Net movement At 6.4.21 in funds £ £ Unrestricted funds General fund 1,279,016 114,072 Endowment funds ENDOWMENT 236,934 11,056 TOTAL FUNDS 1,515,950 125,128 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 16,082 (3,531) Endowment funds ENDOWMENT 56,806 (45,750) TOTAL FUNDS 72,888 (49,281) |
5.4.22 £ 798 1,500 879 3,177 5.4.22 £ 2,620 Transfers between funds £ (72,450) 72,450 - Gains and losses £ 101,521 - 101,521 |
5.4.21 £ - 19,051 - 19,051 5.4.21 £ - At 5.4.22 £ 1,320,638 320,440 1,641,078 Movement in funds £ 114,072 11,056 125,128 |
|---|---|---|
continued...
Page 9
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 6.4.20 in funds £ £ Unrestricted funds General fund 823,693 429,149 Endowment funds ENDOWMENT 237,644 26,174 TOTAL FUNDS 1,061,337 455,323 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 16,167 (12,189) Endowment funds ENDOWMENT 60,016 (33,842) TOTAL FUNDS 76,183 (46,031) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 6.4.20 in funds £ £ Unrestricted funds General fund 823,693 543,221 Endowment funds ENDOWMENT 237,644 37,230 TOTAL FUNDS 1,061,337 580,451 |
Transfers between funds £ (56,622) 56,622 - Gains and losses £ 425,171 - 425,171 Transfers between funds £ (129,072) 129,072 - |
At 5.4.21 £ 1,196,220 320,440 1,516,660 Movement in funds £ 429,149 26,174 455,323 At 5.4.22 £ 1,237,842 403,946 1,641,788 |
|---|---|---|
continued...
Page 10
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued
for the Year Ended 5 April 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Endowment funds ENDOWMENT TOTAL FUNDS |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ 32,249 (15,720) 526,692 543,221 116,822 (79,592) - 37,230 149,071 (95,312) 526,692 580,451 |
|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2022.
Page 11
THE RETREAT, LOXWOOD
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 5 April 2022 | ||
| 5.4.22 | 5.4.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Rents receivable | 56,806 | 60,016 |
| Investment income | ||
| Dividends and stock interest | 16,056 | 16,026 |
| Deposit account interest | 26 | 141 |
| 16,082 | 16,167 | |
| Total incoming resources | 72,888 | 76,183 |
| EXPENDITURE | ||
| Investment management costs | ||
| Managing agents commission | 9,533 | 9,335 |
| Property repairs & maintenance | 24,937 | 13,542 |
| 34,470 | 22,877 | |
| Support costs | ||
| Information technology | ||
| Subscription | 1,290 | - |
| Other | ||
| Insurance | 1,070 | 1,950 |
| Light and heat | 8,676 | 6,898 |
| C D C Careline | - | 1,216 |
| Sundries | 295 | 901 |
| 10,041 | 10,965 | |
| Other 2 | ||
| Administration expenses | 1,980 | 12,189 |
| Governance costs | ||
| Accountancy and legal fees | 1,500 | - |
| Total resources expended | 49,281 | 46,031 |
| Net income | 23,607 | 30,152 |
This page does not form part of the statutory financial statements
Page 12
REGISTERED CHARITY NUMBER: 258850
Report of the Trustees and
Financial Statements for the Year Ended 5 April 2022
for
THE RETREAT, LOXWOOD
THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
THE RETREAT, LOXWOOD
Contents of the Financial Statements for the Year Ended 5 April 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
THE RETREAT, LOXWOOD
Report of the Trustees for the Year Ended 5 April 2022
The trustees present their report with the financial statements of the charity for the year ended 5 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
258850
Principal address
7 Rosemary Gardens Godalming Surrey GU7 1UZ
Trustees
Mr R Hallt Mr M Slorick Mr N Jones Mr R Winney Ms B Kitchener
Independent Examiner
THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
02/02/2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................................................... R Hallt - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Retreat, Loxwood
Independent examiner's report to the trustees of The Retreat, Loxwood
I report to the charity trustees on my examination of the accounts of The Retreat, Loxwood (the Trust) for the year ended 5 April 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
THB LLP 1 & 2 Studley Court Mews Studley Court Guildford Road Chobham Surrey GU24 8EB
02/02/2023 Date: .............................................
Page 2
THE RETREAT, LOXWOOD
Statement of Financial Activities for the Year Ended 5 April 2022
| Notes INCOME AND ENDOWMENTS FROM Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Other Total Net gains on investments NET INCOME Transfers between funds 11 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ - 16,082 16,082 51 3,480 3,531 101,521 114,072 (72,450) 41,622 1,279,016 1,320,638 |
Endowment fund £ 56,806 - 56,806 45,750 - 45,750 - 11,056 72,450 83,506 236,934 320,440 |
5.4.22 Total funds £ 56,806 16,082 72,888 45,801 3,480 49,281 101,521 125,128 - 125,128 1,515,950 1,641,078 |
5.4.21 Total funds £ 60,016 16,167 76,183 22,877 23,154 46,031 425,171 455,323 - 455,323 1,061,337 1,516,660 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 3
THE RETREAT, LOXWOOD
Balance Sheet
5 April 2022
| Notes FIXED ASSETS Tangible assets 7 Investments 8 CURRENT ASSETS Debtors 9 Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS |
Unrestricted fund £ - 1,233,447 1,233,447 3,177 86,634 89,811 89,811 1,323,258 (2,620) 1,320,638 |
Endowment fund £ 320,440 - 320,440 - - - - 320,440 - 320,440 |
5.4.22 Total funds £ 320,440 1,233,447 1,553,887 3,177 86,634 89,811 89,811 1,643,698 (2,620) 1,641,078 |
5.4.21 Total funds £ 320,440 1,115,870 1,436,310 19,051 61,299 80,350 80,350 1,516,660 - 1,516,660 |
|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 4
THE RETREAT, LOXWOOD
| Balance Sheet- continued 5 April 2022 FUNDS 11 Unrestricted funds Endowment funds TOTAL FUNDS |
1,320,638 320,440 1,641,078 |
1,196,220 320,440 1,516,660 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr R Winnwey - Trustee ............................................. Mr N Jones - Trustee
............................................. Mr M Slorick - Trustee ............................................. Mr R Hallt - Trustee
............................................. Ms B Kitchener - Trustee
The notes form part of these financial statements
Page 5
THE RETREAT, LOXWOOD
Notes to the Financial Statements for the Year Ended 5 April 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 5.4.22 | 5.4.21 | |
| £ | £ | |
| Rents receivable | 56,806 | 60,016 |
Page 6
continued...
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued
for the Year Ended 5 April 2022
3. INVESTMENT INCOME
| Dividends and stock interest Deposit account interest 4. RAISING FUNDS Investment management costs Managing agents commission Property repairs & maintenance |
5.4.22 £ 16,056 26 16,082 5.4.22 £ 9,533 24,937 34,470 |
5.4.21 £ 16,026 141 16,167 5.4.21 £ 9,335 13,542 22,877 |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Other trading activities Investment income Total EXPENDITURE ON Raising funds Other Total Net gains on investments NET INCOME Transfers between funds Net movement in funds |
Unrestricted fund £ - 16,167 16,167 - 12,189 12,189 425,171 429,149 (56,622) 372,527 |
Endowment fund £ 60,016 - 60,016 22,877 10,965 33,842 - 26,174 56,622 82,796 |
Total funds £ 60,016 16,167 76,183 22,877 23,154 46,031 425,171 455,323 - 455,323 |
|---|---|---|---|
continued...
Page 7
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Endowment fund fund £ £ RECONCILIATION OF FUNDS Total funds brought forward 823,693 237,644 TOTAL FUNDS CARRIED FORWARD 1,196,220 320,440 7. TANGIBLE FIXED ASSETS COST At 6 April 2021 and 5 April 2022 NET BOOK VALUE At 5 April 2022 At 5 April 2021 8. FIXED ASSET INVESTMENTS MARKET VALUE At 6 April 2021 Additions Revaluations At 5 April 2022 NET BOOK VALUE At 5 April 2022 At 5 April 2021 There were no investment assets outside the UK. Cost or valuation at 5 April 2022 is represented by: Valuation in 2022 Cost |
Total funds £ 1,061,337 1,516,660 Freehold property £ 320,440 320,440 320,440 Listed investments £ 1,115,870 16,056 101,521 1,233,447 1,233,447 1,115,870 Listed investments £ 101,521 1,131,926 1,233,447 |
|---|---|
continued...
Page 8
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors 11. MOVEMENT IN FUNDS Net movement At 6.4.21 in funds £ £ Unrestricted funds General fund 1,279,016 114,072 Endowment funds ENDOWMENT 236,934 11,056 TOTAL FUNDS 1,515,950 125,128 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 16,082 (3,531) Endowment funds ENDOWMENT 56,806 (45,750) TOTAL FUNDS 72,888 (49,281) |
5.4.22 £ 798 1,500 879 3,177 5.4.22 £ 2,620 Transfers between funds £ (72,450) 72,450 - Gains and losses £ 101,521 - 101,521 |
5.4.21 £ - 19,051 - 19,051 5.4.21 £ - At 5.4.22 £ 1,320,638 320,440 1,641,078 Movement in funds £ 114,072 11,056 125,128 |
|---|---|---|
continued...
Page 9
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued for the Year Ended 5 April 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 6.4.20 in funds £ £ Unrestricted funds General fund 823,693 429,149 Endowment funds ENDOWMENT 237,644 26,174 TOTAL FUNDS 1,061,337 455,323 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 16,167 (12,189) Endowment funds ENDOWMENT 60,016 (33,842) TOTAL FUNDS 76,183 (46,031) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 6.4.20 in funds £ £ Unrestricted funds General fund 823,693 543,221 Endowment funds ENDOWMENT 237,644 37,230 TOTAL FUNDS 1,061,337 580,451 |
Transfers between funds £ (56,622) 56,622 - Gains and losses £ 425,171 - 425,171 Transfers between funds £ (129,072) 129,072 - |
At 5.4.21 £ 1,196,220 320,440 1,516,660 Movement in funds £ 429,149 26,174 455,323 At 5.4.22 £ 1,237,842 403,946 1,641,788 |
|---|---|---|
continued...
Page 10
THE RETREAT, LOXWOOD
Notes to the Financial Statements - continued
for the Year Ended 5 April 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Endowment funds ENDOWMENT TOTAL FUNDS |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ 32,249 (15,720) 526,692 543,221 116,822 (79,592) - 37,230 149,071 (95,312) 526,692 580,451 |
|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2022.
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THE RETREAT, LOXWOOD
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 5 April 2022 | ||
| 5.4.22 | 5.4.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Rents receivable | 56,806 | 60,016 |
| Investment income | ||
| Dividends and stock interest | 16,056 | 16,026 |
| Deposit account interest | 26 | 141 |
| 16,082 | 16,167 | |
| Total incoming resources | 72,888 | 76,183 |
| EXPENDITURE | ||
| Investment management costs | ||
| Managing agents commission | 9,533 | 9,335 |
| Property repairs & maintenance | 24,937 | 13,542 |
| 34,470 | 22,877 | |
| Support costs | ||
| Information technology | ||
| Subscription | 1,290 | - |
| Other | ||
| Insurance | 1,070 | 1,950 |
| Light and heat | 8,676 | 6,898 |
| C D C Careline | - | 1,216 |
| Sundries | 295 | 901 |
| 10,041 | 10,965 | |
| Other 2 | ||
| Administration expenses | 1,980 | 12,189 |
| Governance costs | ||
| Accountancy and legal fees | 1,500 | - |
| Total resources expended | 49,281 | 46,031 |
| Net income | 23,607 | 30,152 |
This page does not form part of the statutory financial statements
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