| incorporating i |
nco | me an | d expenditure acc |
ount) | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| f | ||||||
| Income from: | Note | |||||
| Legacies | 1,524 | 8,000 | ||||
| Charitable activities |
964,385 | 974,163 | ||||
| Other activities | 1,410,296 | 876,029 | ||||
| Total income | 2 | 2,376,205 | 1,858,192 | |||
| Expenditure on |
charitable | activity | 3 | (1,686,901) | (1,770,436) | |
| Net income | 689,304 | 87,756 | ||||
| Net movement | in funds | 689,304 | 87,756 | |||
| Total funds brought | forward | 12,684,037 | 12,596,281 | |||
| Total funds carried forward | 13373342 | 12634437 |
| BALANCE SHEET | BALANCE SHEET | |||
|---|---|---|---|---|
| as at 31December | 2021 | |||
| Note | 2021f | 2020 f |
||
| Fixed assets | ||||
| Tangible assets | 6 | 23,785,827 | 23,254,215 | |
| Current assets | ||||
| Debtors | 15,784 | 26,388 | ||
| Cash at bank and | in hand | 1,271,460 | 839,329 | |
| 1,287,244 | 865,717 | |||
| Creditors: amounts | falling due within one year | 8 | ~11899729 | JII1435895 |
| Net current liabilities |
10,412,485 | 10,570,178 | ||
| Net assets | 13,373,342 | 12,684,037 | ||
| Unrestricted general funds |
13,373,342 | 12,684,037 |
| Forthe year ended 31 December 2021 | Forthe year ended 31 December 2021 | Forthe year ended 31 December 2021 | Forthe year ended 31 December 2021 | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 2 | 2 | ||||
| Cash flows from operating activities |
|||||
| Net cash inflow from operating | activities | 299,070 | (745,771) | ||
| Cash flows from investing activities |
|||||
| Proceeds from sale oftangible | fixed assets | 2,190,438 | 1,517,123 | ||
| Payments to acquire tangible |
fixed assets | (2,057,377) | (927,768) | ||
| Net cash provided by investing |
activities | 133,061 | 589,355 | ||
| Change in cash and cash equivalents |
432,131 | (156,416) | |||
| Cash and cash equivalents at |
beginning | ofyear | 839,329 | 995,745 | |
| Cash and cash equivalents | at end of | year | 1,271,460 | 839,329 | |
| Reconciliation ofnet income |
to net cash flow from operating | ||||
| activities | |||||
| Net income for the year ended | 31 December | 689,304 | 87,756 | ||
| Adjustments for |
|||||
| Depreciation charges |
632,644 | 617,273 | |||
| Profit on disposal offixed assets | (1,297,316) | (874,680) | |||
| Decrease in debtors |
10,604 | 116,542 | |||
| Increase/(decrease) in creditors |
263,834 | (692,662) | |||
| 299,070 | (745,771) | ||||
| Analysis ofcash and cash equivalents | |||||
| Current account | 1,271,460 | 839,329 | |||
| Analysis ofchanges in net debt |
|||||
| Current account: | |||||
| As at 1 January | 839,329 | 995,745 | |||
| Movement in year |
432,131 | (156,416) | |||
| As at 31 December | 1,271,460 | 839,329 | |||
| i3 |
| ncome | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 6 | 2 | ||||
| Legacies | 1,524 | 8,000 | |||
| Rental income | 964,385 | 974,163 | |||
| Bank interest | 1,349 | ||||
| Profit from the disposal | ofproperties | 1,297,316 | 874,680 | ||
| Other income | (MOD receipts on adaptations) | 112,980 | |||
| 2315255 | 1858 152 | ||||
| Resources expended | on charitable | activities | |||
| 2021 | 2020 | ||||
| General rates | 3,022 | 2,959 | |||
| Insurance | 15,000 | 14,001 | |||
| Repairs and renewals | 594,018 | 849,493 | |||
| Occupational | therapist | fees | 8,277 | ||
| Legalfees | 7,088 | ||||
| Property nianagsment |
fees | 272,867 | 281,644 | ||
| Lease amortisation | 12,377 | 15,974 | |||
| Property depreciation | 620,267 | 601,299 | |||
| Audit fees | 5,880 | 4,500 | |||
| Staff costs | 147,650 | ||||
| Others | 455 | ||||
| 1,686,901 | 1,770,436 | ||||
| Staff costs include: | 2021 | 2020 | |||
| 6 | |||||
| Wages and salaries | 121,775 | ||||
| Pension costs | 13,126 | ||||
| Socia I security | 12,749 | ||||
| 151585 |
| Tangible fixed assets | ||||||
|---|---|---|---|---|---|---|
| Long | ||||||
| Freehold | leasehold | |||||
| properties | properties | Total | ||||
| Cost at 1 January 2021 | 30,064,961 | 798,665, | 30,863,626 | |||
| Additions during the year |
||||||
| 2,057,378 | 2,057,378 | |||||
| Disposals during the year |
(1,103,340) | (179,825) | (1,283,165) | |||
| Cost at 31 December 2021 | 31,018,999 | 618,840 | 31,637,839 | |||
| Depreciation at 1 January |
2021 | 7,349,769 | 259,642 | 7,609,411 | ||
| Depreciation for the year 0 0 ) t) ~) 0 I 0 ' ' " |
4 | ) 0th | 7 | 620,267 ~343,288) 7626 748 |
12,376 ~46,754 225 204 |
632,643 ~300,042) 7852 012 |
| Net book value: | ||||||
| At 31 December 2021 | 23,392,251 | 393576 | 23785827 | |||
| At 31 December 2020 | 22,715,192 | 530023 | 23254.215 |
| 2021 | 2020 | |
|---|---|---|
| 8 | ||
| Accrued income - legacy | 1,000 | |
| Prepayment | 15,784 | 25,388 |
| 15784 | 26388 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Trade creditors | 333,407 | 278,328 | |||
| The Royal Air Force Benevolent | Fund —Gulf Trust | 55,770 | 37,180 | ||
| Interest free finance provided | by | the RAF Benevolent | Fund | 11 315552 | 11,122.331 |
| 11,899,729 | 11,435,895 |