| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 10 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 12 | ||
| Notes tothe Financial Statements | 13 | to | 21 |
| Detailed Statement of Financial Activities | 22 | to | 23 |
| Ms VSP Godfrey | |||
|---|---|---|---|
| Mr D Flynn | |||
| Mrs K Hyde | |||
| Mrs SA Croft | |||
| Mr D Godfrey | |||
| Miss LJJary (resigned 21/12/22) | |||
| Mr P R Maynard | (appointed | 18/5/22) (resigned 1/12/22) | |
| Mr G E Mitchell (appointed | 10/08/23) | ||
| COMPANY SECRETARY | Mrs K Hyde | ||
| REGISTERED OFFICE | 26StJohn's Street | ||
| Colchester | |||
| Essex | |||
| CO2 7HB | |||
| REGISTERED COMPANY NUMBER | 00968662 | ||
| REGISTERED CHARITY NUMBER | 260380 | ||
| AUDITORS | Haines Watts | ||
| Statutory Auditors |
|||
| Town Wall House | |||
| Balkerne Hill |
|||
| Colchester | |||
| Essex | |||
| CO3 3AD | |||
| BANKERS | Bardays Bank PLC | ||
| 9 High Street | |||
| Colchester | |||
| Essex | |||
| CO1 1DD |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Total Funds | Total Funds | ||||
| (Unrestricted) | (Unrestricted) | ||||
| Notes | E | 6 | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| CHARITABLE ACTIVITIES | |||||
| Attendance fees, cafd and |
art | supplies | 196,021 | 205,984 | |
| Letting of non-investment | property | 33,185 | 32,892 | ||
| Investment income |
103,029 | 107,233 | |||
| TOTAL | 332,235 | 346,109 | |||
| EXPENDITURE ON | |||||
| Raising funds | 5,732 | 6,745 | |||
| CHARITABLE ACTIVmES | |||||
| Attendance fees, cafd and | art | supplies | 427851 | 356,888 | |
| Total | 433,583 | 363,633 | |||
| Net gains/(losses) on Investments |
(371,229) | 433,507 | |||
| NET INCOME/(EXPENDITURE) | (472,577) | 415,983 | |||
| RECONCIUATION OF FUNDS |
|||||
| TOTAL FUNDS BROUGHT FORWARD | 5,125378 | 4,709,395 | |||
| TOTAL FUNDS CARRIED FORWARD | 4,652,801 | 5,125,378 | |||
| All income and expenditure | has arisen from continuing | operations. |
| 2022 | 2021 | ||
|---|---|---|---|
| Total Funds | Total Funds | ||
| (Unrestrlctedj | (Unrestricted) | ||
| Notes | E | E | |
| FIXED ASSETS | |||
| Tangible assets | 10 | 1,831,280 | 707,025 |
| Investments | |||
| Investments | 11 | 2,518,276 | 3,489,505 |
| Investment property |
12 | 300,000 | 300,000 |
| 4,649456 | 4,496,530 | ||
| CURRENT ASSETS | |||
| Debtors | 68,924 | 63,854 | |
| Cash at bank | 169,062 | 631,468 | |
| 237,986 | 695,322 | ||
| CREDITORS | |||
| Amounts falling due within one year |
14 | (234,741) | (66,474) |
| NET CURRENT ASSETS | 3,245 | 628,848 | |
| TOTAL ASSETS LESSCURRENT UABILITIES | 4,652,801 | 5,125,378 | |
| 4,652W1 | 5,125,378 | ||
| FUNDS | 16 | ||
| Unrestricted funds |
4,652,801 | 5,125,378 | |
| TOTAL FUNDS | 4,652W1 | 5,125,378 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Income from UK investment | properties | 18,180 | 16,482 | |||
| Income from UK listed investments | 84,849 | 90,751 | ||||
| 103,029 | 107,233 | |||||
| RAISING FUNDS | ||||||
| Investment | management | costs | ||||
| 2022 | 2021 | |||||
| E | E | |||||
| Letting agent fees | 5,732 | 6,745 | ||||
| CHARITABLE ACllVITIES COSTS | ||||||
| 2022 | 2021 | |||||
| E | E | |||||
| Wages and | salaries | 232,329 | 200,305 | |||
| Employer's | national | Insurance | 8,591 | 15,795 | ||
| Pensions | 11,056 | 9,842 | ||||
| Rent, rates | and water | 52,104 | 43,395 | |||
| Insurance | 18,881 | 12,499 | ||||
| Light and heat | 12,006 | 8,660 | ||||
| Sundries | 19,864 | 11,335 | ||||
| Repairs and | other expenses | 15,640 | 10,639 | |||
| Motor and travel costs | 1,847 | 2,277 | ||||
| Purchases | 17,914 | 10,840 | ||||
| Depreciation oftangible fixed assets | 5,923 | 5,081 | ||||
| Support costs (see | note 5) | 31,696 | 26,220 | |||
| 427,851 | 356,888 |
| SUPPORT COSTS | |||
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| Accountancy fees | 11,160 | 5,350 | |
| Audit fees | 10,650 | 8,100 | |
| Legal and professional | fees | 9~6 | 12,770 |
| 31,696 | 26,220 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Depreciation - owned | assets | 5,923 | 5,081 | |
| Auditors' | remuneration | -audit ofthe financial statements | 10,650 | 8,100 |
| Operating | leases - rent | 42,000 | 42,000 |
| STAFF COSTS | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| E | E | |||||||
| Wages and salaries | 232,329 | 200,305 | ||||||
| Socia I security costs | 8,591 | 15,795 | ||||||
| Other pension costs | 11,056 | 9,842 | ||||||
| 251,976 | 225,942 | |||||||
| 2022 | 2021 | |||||||
| The average monthly | number ofemployees | during the year were: | 10 | 11 | ||||
| No employees received emoluments |
in excess ofE60,000. | |||||||
| TAXATION | ||||||||
| No Corporation tax has been provided |
based | on | the Company's | charitable | status. | |||
| TANGIBIE FIXED ASSETS | ||||||||
| Plant & | ||||||||
| Freehold | Assets | machinery | ||||||
| Land & | under | Tenants | & Fixtures | |||||
| Buildings | construction | Improvements | &Fittings | Totals | ||||
| E | f | E | E | E | ||||
| COST | ||||||||
| At 1January 2022 Additions |
317,195 | 401,660 1,121,370 |
24,524 | 159,738 8~ |
903,117 1,130,178 |
|||
| At 31December 2022 | 317,195 | 1,523,030 | 24,524 | 168,546 | 2,033,295 | |||
| DEPREOATION | ||||||||
| At 1January 2022 | 27400 | 24,524 | 144368 | 196,092 | ||||
| Charge for year | 5,923 | 5,923 | ||||||
| At 31December 2022 | 27300 | 24,524 | 202,015 | |||||
| NET BOOK VALUE | ||||||||
| At 31December 2022 | 289,995 | 1,523,030 | - | 18355 | 1,831,280 | |||
| At 31December 2021 | 289,995 | 15,370 | 707,025 |
| 13. | DEBTORS:AM | OUNTS F |
ALUNG DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | E | ||||
| Trade debtors | 6,002 | 3,913 | |||
| Other debtors | 5,605 | ||||
| Prepayments | and accrued Income | 57,317 | 59,941 | ||
| 68,924 | 63,854 | ||||
| 14. | CREDITORS: AMOUNTS | FALUNG DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | ||||
| E | E | ||||
| Trade creditors | 4,543 | 1,680 | |||
| Other taxes and sodal security | 4,315 | 4,112 | |||
| Other creditors | 55,669 | 53,089 | |||
| Accruals and deferred income | 170,214 | 7,593 | |||
| 234,741 | 66,474 |
| 2022 | 2021 | |
|---|---|---|
| E | E | |
| Within one year | 42,000 | 42,000 |
| Between one and five years | 159,250 | 201,250 |
| 201,250 | 243,250 | |
| LESSOR AGREEMENTS | ||
| 2022 | 2021 | |
| E | E | |
| Within one year | 33,000 | 33,000 |
| Between one and five years | 132,000 | 132,000 |
| In more than five years | 99,000 | 132,000 |
| 297,000 |
| 16. | MOVEMENT | IN | FUNDS | ||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.1.22 | in funds | funds | 31.12.22 | ||||
| E | E | E | E | ||||
| Unrestricted | funds | ||||||
| General fund | 628,848 | (95,425) | (530,178) | 3,245 | |||
| Fixed Asset Investment |
Fund Fund |
707,025 3,789,505 |
(5,923) (371,229) |
1,130,178 ~600.0M) |
1,831,280 2,818,276 |
||
| 5,125378 | (472,577) | 4,652,801 | |||||
| TOTAL FUNDS | 5,125,378 | (472,577) | 4,652,801 | ||||
| Net movement | ln funds, included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| E | E | E | E | ||||
| Unrestricted | funds | ||||||
| General fund | 332,235 | (427,660) | (95,425) | ||||
| Fixed Asset | Fund | (5,923) | (5,923) | ||||
| Investment | Fund | (371,229) | (371,229) | ||||
| 332~5 | (433~) | (371,229) | (472,577) | ||||
| TOTAL FUNDS | 332,235 | f433,583) | (371,229) | ~472477) |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.21 | in funds | funds | 31.12.21 | ||
| E | E | E | E | ||
| Unrestricted | funds | ||||
| General fund | 419,936 | (12,444) | 221,356 | 628,848 | |
| Fixed Asset | Fund | 657,505 | (5,080) | 54,600 | 707,025 |
| Investment | Fund | 3,631,954 | 433,507 | (275,956) | 3,789,505 |
| 4,709,395 | 415,983 | 5,125,378 | |||
| TOTAL FUNDS | 4,709,595 | 415,983 | 5,125,378 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| E | E | E | 6 | ||
| Unrestricted | funds | ||||
| General fund | 346,109 | (358,553) | (12,444) | ||
| Fixed Asset | Fund | (5,080) | (5,080) | ||
| Investment | Fund | 433,507 | 433,507 | ||
| 346,109 | (363,633) | 433,507 | 415,983 | ||
| TOTAL FUNDS | 346,109 | (363,633) | 433,507 | 415,983 |
| 2022 | 2021 |
|---|---|
| E | E |
| 206,442 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Income from UK investment | properties | 18,180 | 16,482 | |
| Income from UK listed investments | 84W9 | 90,751 | ||
| 103,029 | 107,233 | |||
| Charitable activities |
||||
| Letting of non-investment Attendance and care fees |
properties | 33,185 162~ |
32,892 159,809 |
|
| Cafg and art sales | 31,548 | 22,246 | ||
| Grants | 2,184 | 23,929 | ||
| 229306 | 238,876 | |||
| Total Incoming resources | 332,235 | 346,109 | ||
| EXPENDITURE | ||||
| Investment management |
costs | |||
| Letting agent fees | 5,732 | 6,745 | ||
| Charitable activities |
||||
| Wages and salaries | 232,329 | 200,305 | ||
| Employer's national Insurance |
8,591 | 15,795 | ||
| Pensions | 11,056 | 9,842 | ||
| Rent, rates and water | 52,104 | 43,395 | ||
| Insurance | 18,881 | 12,499 | ||
| Light and heat | 12,006 | 8,660 | ||
| Sundries | 19,864 | 11,335 | ||
| Repairs and other expenses | 15,640 | 10,639 | ||
| Motor and travel costs | 1,847 | 2,277 | ||
| Purchases | 17,914 | 10,840 | ||
| Depreciation oftangible fixed assets |
5,923 | 5,081 | ||
| 396,155 | 330,668 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | E | |||
| Support costs | ||||
| Governance costs |
||||
| Accountancy fees | 11,160 | 5,350 | ||
| Audit fees | 10,650 | 8,100 | ||
| Legal and professional | fees | 9,886 | 12,770 | |
| 31,696 | 26,220 | |||
| Total resources expended | 433,583 | 363,633 | ||
| Net expenditure before |
gains and losses | (101~) | (17,524) | |
| Realised and unreallsed Realised gains/(losses) |
gains and losses on Rxed asset investments |
357~ | ||
| Unrealised gains/(losses |
on fixed asset Investments | (728,773) | 433,507 | |
| Net (expenditure)/Incom | e | (472477) | 415,983 |