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|nts||
|---|---|
|Chair's Foreword.||
|Strategic Report..||
|Trustees'
Report .||
|Auditors'
Report..|19|
|Statement of Financial Activities. ..|22|
|Balance Sheet...||
|Statement ofCashflows. .|24|
|Notes to Financial Statements. .|.2S|
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||||Unrestricted
Funds|Year Ended
31March
2022|Unrestricted
Funds|Year Ended
31March
2021|
|---|---|---|---|---|---|---|
|||||Total||Total|
|||Notes|f000|f000|F000|f000|
|Income From:|||||||
|Donations
and Legacies|||1,120|1,120|2,074|2,074|
|Other Trading Activities|||6|6|25|25|
|Investments|||866|866|862|862|
|Total Income|||1,992|1,992|2,961|2,961|
|Expenditure
on:|||||||
|Raising Funds|||53|53|53|53|
|Investment
Management|Fees||110|110|101|101|
|Charitable
Activities|||1,905|1,905|1,787|1,787|
|Total Expenditure|||2,068|2,068|1,941|1,941|
|Net Gains / (Loss) on Investments|||292|292|3,601|3,601|
|Net Income/(Expenditure)|||216|216|4,621|4,621|
|Transfers Between Funds|||||||
|Other Recognised
Gains /|(Losses):||||||
|Actuarial
Gains / (Losses) on
Defined Benefit Pension Scheme||21|405|405|(142)|(142)|
|Net Movement
in Funds|||621|621|4,479|4,479|
|Reconciliation
of Funds|||||||
|Total Funds Brought Forward|||26,760|26,760|22,281|22,281|
|Total Funds Carried Forward|||27,381|27,381|26,760|26,760|
##
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|||||31March|2022||31March|2021|
|---|---|---|---|---|---|---|---|---|
|||NOTES||f000|f000||f000|f000|
|Fixed Assets|||||||||
|Intangible
Assets|||11|||0||29|
|Tangible Assets|||12|||3||7|
|Investments:
Commercial|||13||25,041|||23,385|
|Investments:
Social|||14|||79||85|
|Total Fixed Assets|||||25,123|||23,506|
|Current Assets|||||||||
|Debtors|||15|399|||1,255||
|Cash at Bank and in Hand||||1,872|||2,374||
|Total Current Assets||||2,271|||3,629||
|Creditors|||||||||
|Amounts
falling due within one year|||16|(158)|||(143)||
|Net Current Assets|||||2,113|||3,486|
|Total assets less current|liabilities||||27,236|||26,992|
|Creditors|||||||||
|Amounts
falling due after|one year||16||||||
|Defined Pension Scheme|Liability||21|||145||(232)|
|Total Net Assets|||||27,381|||26,760|
|Funds|||||||||
|Restricted
Funds||||||0||0|
|Unrestricted
Designated|Funds||||24,352|||24,543|
|Unrestricted
Free Funds|||||2,884|||2,449|
|Pension Reserve||||||145||(232)|
|Total Charity Funds|||||27,381|||26,760|
##
|OR THE YEAR ENDED 31M|A|RCH 2022||||||
|---|---|---|---|---|---|---|---|
|||||||Year Ended|Year Ended|
||||||Note|31March|31March|
|||||||2022|2021|
|||||||f000|f000|
|Cash Flows from Operating||Activities:||||||
|Net Cash Provided by/(used||in) Operating||Activities|23||(32)|
|Cash Flows from Investing|Activities:|||||||
|Returns from Investments||||||866|862|
|Purchase of Property,
Plant,||Equipment|&Intangibles|||(3)|1|
|Proceeds from Sale of Investments||||||136|0|
|Purchase of Investments||||||(1,500)|0|
|Net Cash Provided by/(used||in) Investing
Activities||||(501)|863|
|Change
in Cash and Cash Equivalents|||in the year|||(502)|828|
|Cash and Cash Equivalents|at the 1April 2021|||||2,374|1,546|
|Cash and Cash Equivalents|at the 31March|||2022||1,872|2,374|
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|||Year ended|Year ended|
|---|---|---|---|
|||31March|31March|
|||2022|2021|
|||EOOD|EOOD|
|Donations|from RICS members|683|695|
|Other cash|donations|248|287|
|Donated office space||0|0|
|Donations||931|982|
|Legacies||179|1,082|
|Unrestricted|grants|10|10|
|Total||1,120|2,074|
##
|||Year ended|Year ended|
|---|---|---|---|
|||31March|31March|
|||2022|2021|
|||EOOO|EOOO|
|Trading|subsidiary||0|
|Lottery|income||25|
|Total|||25|
##
##
|.Investme|nt
Income|||
|---|---|---|---|
|||Year ended|Yearended|
|||31March|31Ivlarch|
|||2022|2021|
|||6000|f000|
|Dividends|from listed investments|676|698|
|Investment|return|183|160|
|Dividends|from unlisted|||
|investments||||
|Total||866|862|
##
|||Yearended|Year ended|
|---|---|---|---|
|||31March|31March|
|||2022|2021|
|||f000|6000|
|Costs ofactivities||1|1|
|Lottery costs||5|22|
|Staff costs||47|30|
|Total||53|53|
|Investment|manager fees|110|101|
|Total||163|154|
##
##
|||Year ended|Year ended|
|---|---|---|---|
|||31March|31March|
|||2022|2021|
|||EOOO|EOOD|
|Grant Making to Individuals||||
|Grants approved||314|436|
|Staff costs||117|90|
|Depreciation||6|7|
|Other costs||0|0|
|Support &Governance||116|75|
|Total||553|608|
|Advice and|Beneficiary Support|||
|Staff costs||207|224|
|Depreciation||11|17|
|Other costs||47|25|
|Support &Governance||205|188|
|Total||470|454|
|Engagement|and Communications|||
|Staff costs||193|162|
|Depreciation||10|12|
|Other costs||96|6|
|Support &Governance||182|135|
|Total||481|315|
|Workshops|and Webinars|||
|Staff costs||155|195|
|Depreciation||9|14|
|Other costs||65|38|
|Support &Governance||173|163|
|Total||402|410|
|Total||||
|Grants approved||314|436|
|Staff costs||671|671|
|Depreciation||36|50|
|Other costs||208|69|
|Support &Governance||676|561|
|Total||1,905|1,787|
##
##
|.Analysis of|Support and Go|vernance|Costs||
|---|---|---|---|---|
||||Year ended|Yearended|
||||31March|31March|
||||2022|2021|
||||f000|f000|
|Grant Making to Individuals|||||
|Staff costs|||55|30|
|Consultancy|||5|3|
|Information|and technology|costs|21|15|
|Other costs|||18|13|
|Governance|||17|14|
|Total|||116|75|
|Advice and|Beneficiary Support||||
|Staff costs|||97|74|
|Consultancy|||9|7|
|Information|and technology|costs|37|37|
|Other costs|||33|34|
|Governance|||29|36|
|Total|||205|188|
|Engagement|and Communications||||
|Staff costs|||86|54|
|Consultancy|||8|5|
|Information|and technology|costs|33|26|
|Other costs|||29|24|
|Governance|||26|26|
|Total|||182|135|
|Workshops|and Webinars||||
|Staff costs|||82|65|
|Consultancy|||7|6|
|Information|and technology|costs|31|32|
|Other costs|||28|29|
|Governance|||25|31|
|Total|||173|163|
|Total|||||
|Staff costs|||320|223|
|Consultancy|||29|21|
|Information|and Technology|Costs|122|110|
|Other costs|||108|100|
|Governance|||97|107|
|Tota I|||676|561|
##
##
||||Yearended|Year ended|
|---|---|---|---|---|
||||31March|31March|
||||2022|2021|
||||f000|fOOD|
|Depreciation|||36|50|
|Auditor's|remuneration||14|13|
|.Employee|s||||
||||Yearended|Year ended|
||||31March|31March|
||||2022|2021|
||||f000|f000|
|Staff costs|comprise:||||
|Salaries|||889|833|
|Social security||costs|85|72|
|Other pension||contributions|130|108|
|Total|||1,104|1,013|
##
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##
##
|1.Intangible
Fixed Assets||
|---|---|
||Year ended|
||31March|
||2022|
||6000|
||Software|
||Development|
|Cost||
|At 1April 2021|88|
|Additions|0|
|Disposals|0|
|At 31March 2022|88|
|Depreciation||
|At 1April 2021|59|
|Disposals|0|
|Charge for year|29|
|At 31March 2022|88|
|Net book value||
|At 31March 2022||
|At 31March 2021|29|
##
|2.Tangible
Fixed Assets|||
|---|---|---|
||Yearended||
||31March||
||2022||
||f000||
||Office||
||Equipment||
|Cost|||
|At 1April 2021||62|
|Additions||3|
|Disposals||(2)|
|At 31March 2022||63|
|Depreciation|||
|At 1April 2021||55|
|Disposals||(2)|
|Charge for year||7|
|At 31March 2022||60|
|Net book value|||
|At 31March 2022|||
|At 31March 2021|||
##
##
||||31March|31March|
|---|---|---|---|---|
||||2022|2021|
||||6000|6000|
|Quoted securities|at fair value||||
|Sarasin Endowment|Fund||24,961|23,189|
|Unquoted
securities at fair value|||||
|Gravesend
and District Property Company|||80|196|
|Total commercial|investments||25,041|23,385|
|14.Social Investments|||||
||||31March|31March|
||||2022|2021|
||||6000|6000|
|Interest free loans|with no fixed repayment|date,|||
|made to beneficiaries|||||
|Loans outstanding|at 1April||221|228|
|l.oans repaid during|the year||(11)|(7)|
|Loans outstanding|at 31March||210|221|
|Provision for bad debts on loans|||||
|Provision at1April|||(136)|(136)|
|Provision released|in the year||5|0|
|Provision at 31March|||(131)|(136)|
|Net loans outstanding
as at 31March|||79|85|
##
|15.Debtors||||
|---|---|---|---|
|||31March|31March|
|||2022|2021|
|||f000|6000|
|Taxation recoverable||44|64|
|Prepayrnents|and accrued income|251|1,052|
|Other debtors||104|139|
|Total||399|1,255|
##
##
|||31March|31March|
|---|---|---|---|
|||2022|2021|
|||f000|f000|
|Trade creditors||36|9|
|Grant commitments||54|73|
|Accruals||44|40|
|Taxation|and social security|22|20|
|Other creditors||2|1|
|Total||158|143|
||31March|31March|
|---|---|---|
|Grant Commitments|2022|2021|
||f000|f000|
|Balance 1April 2021|73|79|
|Additions|309|436|
|Paid|(328)|(442)|
|Balance 31March 2022||73|
##
|17.Net Assets|||||
|---|---|---|---|---|
||31March|31March|31March|31March|
||2022|2022|2021|2021|
||Unrestdcted|Total|Unrestricted|Total|
||f000|EOOO|f000|f000|
|Fixed assets|3|3|36|36|
|Investments|25,120|25,120|23,470|23,470|
|Net current assets|2113|2,113|3,486|3,486|
|Provisions|145|145|(232)|(232)|
|TOTAL|27,381|27,381|26,760|26,760|
##
##
|18.Movemen|t
in Funds|in the Year|||||||
|---|---|---|---|---|---|---|---|---|
|||Balance at|Income|Expenditure|Transfers|Gains /|Balance|at|
|||1April 2021
f000|f000|f000|f000|(losses)
f000|31March
f000|2022|
|Free reserves||2,449|1,992|(2,005)|448|0||2,884|
|Income fund||23,307|0|0|(250)|292|23,349||
|Development|fund|1,200|0|0|(200)|0||1,000|
|Pension reserve||(232)|0|(28)||405||145|
|Fixed asset fund||36|0|(35)||0||3|
|Restricted fund||0|0|0||0||0|
|Tota I||26,760|1,992|(2,068)|0|697|27,381||
|||Balance at|Income|Expenditure|Transfers|Gains /|Balance|at|
|||1April2020||||(losses)|31March 2021||
|||f000|f000|f000|f000|f000|f000||
|Free reserves||2,827|2,961|(1,877)|(1,462)|0||2,449|
|Income fund||17,844|0|0|1,862|3,601|23,307||
|Development|fund|1,600|0|0|(400)|0||1,200|
|Pension reserve||(75)|0|(15)||(142)||(232)|
|Fixed asset fund||85|0|(49)||0||36|
|Restricted fund||0|0|0||0||0|
|Total||22,281|2,961|(1,941)|0|3,459|26,760||
##
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||31March|31March|
|---|---|---|
|Financial assumptions|2022|2021|
||5S pa|Yo pa|
|Discount rate|2.60'Yo|1.9556|
|Pension increases|3.25'Yo|2.85Yo|
|Salary increases|4.25Yo|3.85Yo|
|||||31March|31March|
|---|---|---|---|---|---|
|||||2022|2021|
|||||f000|f000|
|Fair value ofcharity's share ofthe funds'|||assets|2,404|2,057|
|Present|value ofthe defined benefit obligation|||(2,259)|(2,289)|
|Charity's|share ofthe funds' net deficit|||145|(232)|
|||||31March|31March|
|||||2022|2021|
|||||f000|EOOO|
|The analysis ofthe assets ofthe scheme|||is as follows:|||
|Equities||||1,368|1,118|
|Target return
funds||||518|484|
|Infrastructure||||245|174|
|Property||||216|187|
|Cash||||57|94|
|Total||||2,404|2,057|
|Reconciliation ofdefined benefit obligation:||||||
|Opening|defined benefit obligation|||2,289|1,853|
|Current|service cost|||47|38|
|Interest|cost|||44|43|
|Contributions
by members||||7|7|
|Estimated
benefits paid, net oftransfers|||in|(22)|(67)|
|Change|in financial assumptions|||(110)|455|
|Experience gain / (loss) on defined||benefit obligation||4|(21)|
|Past service costs including
curtailments||||0|0|
|Change|in demographic
assumptions|||0|(19)|
|Closing|defined benefit obligation|||2,259|2,289|
##
|Reconciliation offair value ofemployer|Reconciliation offair value ofemployer|assets:|assets:|assets:|||||
|---|---|---|---|---|---|---|---|---|
|Opening fair value ofemployer assets||||||2,057||1,778|
|Interest on assets|||||||40|41|
|Contributions
by members|||||||7|7|
|Contributions
by employer,
including|unfunded||||||26|27|
|Return on assets less interest|||||||299|273|
|Administration
expenses|||||||(3)|(2)|
|Estimated
benefits paid plus unfunded||transfers
in||||(22)||(67)|
|Other actuarial
gains|||||||0|0|
|Closing fair value ofemployer's
assets||||||2,404||2,057|
|he total return on fund assets for the|year||to|31March|2022 was||f339k|(2020/21f314k).|
|mounts
recognised
in the Statement||of Financial Activities||||in respect ofdefined benefit|||
|||||||Year||Year|
||||||ended||31|ended 31|
|||||||March||March|
|||||||2022||2021|
|||||||f000||f000|
|Service cost|||||||44|49|
|Net interest on the defined
liability|||||||(4)|4|
|Administration
expenses|||||||3|3|
|Tota I loss / (profit)||||||||56|
|emeasurements
in other comprehensive|||income:||||||
|||||||Year||Year|
||||||ended||31|ended 31|
|||||||March||March|
|||||||2022||2021|
|Remeasurement
ofthe net assets / (defined||||liability)||f000||f000|
|Return on Fund assets in excess ofinterest|||||||299|273|
|Other actuarial
gains
/ (losses) on assets|||||||0|0|
|Change
in financial
assumptions|||||||110|(455)|
|Change
in demographic
assumptions|||||||0|19|
|Experience
gain / (loss) on defined benefit|||obligation||||(4)|21|
|Changes
in effect ofasset ceiling|||||||0|0|
|Remeasurement
ofthe net assets/(defined||||liability)|||405|(142)|
##
##
||||1April 2022|
|---|---|---|---|
||||to 31March|
||||2023|
||||EOOO|
|Service cost||||
|Net interest cost|||(4)|
|Administration|expenses||3|
|Total charge||||
|Estimated
employer's||contributions|26|
##
##
|||Year Ended|Year Ended|
|---|---|---|---|
|||31March|31March|
|||2022|2021|
|||EOOO|EOOO|
|Net income / (expenditure)
for the year||216|4,621|
|Depreciation
and amortisation||36|50|
|Disposal ofsocial investment||11|7|
|(Gains) / losses on investments||(292)|(3,601)|
|Change of provision
- bad debts||(6)||
|Defined benefit pension scheme adjustment||28|15|
|Returns on Investments||(866)|(862)|
|(Increase) / decrease in debtors||857|(217)|
|Increase / (decrease) in creditors||15|(45)|
|Net cash provided
by / (used by) operating|activities||(32)|
##
##
|||||||31Iviarch|31March|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||6000|f000|
|Financial|assets|||||||
|Financial assets measured at
expenditure||fair value through||income and||25,041|23,385|
|Financial
cost|assets that are debt|instruments|measured||at amortised|2,306|3,650|
|||||||27,347|27,035|
|Financial|liabilities|||||||
|Financial|liabilities measured|at amortised|cost|||(158)|(143)|
||||31March|31March|
|---|---|---|---|---|
||||2022|2021|
||||6000|6000|
|Total investment
income for financial
value through
income and expenditure|assets measured|at fair|866|862|
|Net gains on financial assets measured
income and expenditure|at fair value through||292|3,601|
##
|5.Reconciliation
ofNet Debt||||
|---|---|---|---|
||1April 2021|Cashflows|31March 2022|
||6000||f000|
|Cash|2,374|(502)|1,872|
|Finance lease obligations||||
|Tota I|2,374|(502)|1,872|