2021-06-30-accounts - Rowanville Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	FORT	HE YEA	RENDED 30	2021
			Unrestricted	Restricted	2021	2020
			Fund	Fund	Total	Total
			5	5
		Notes
INCOME AND ENDOWMENTS
Donations and Legacies			1,671&t43	1,511	1&673/(54	844,182
Investment Income			370,356		370456	365,075
TOTAL INCOME			2,042/99	1,511	2&043/10	1,209,257
EXPENDITURE
Expenditure on Raising Funds:
Investment Management Costs		7	(61,725)		(61,725)	(35,636)
Expenditure on Charitable Activities		8/9	(1,004,170)		(1,004,170)	(981,460)
TOTAL EXPENDITURE			(1,065,895)		(1,065,895)	(1,017,096)
Deferred taxation
Net goss))gains on disposal ofinvestment		assets	5,622		5,622	(54,532)
Net valuation gain on investment	property
NET INCOME/(EXPENDITURE)
BEFORETRANSFERS			982,026	1,511	983,537	137,629
Gmss transfer between funds
NET INCOME AND
NET MOVEMENT OFFUNDS			9$2,026	1,511	9$3/37	137,629
RECONCILIATION OFFUNDS			10,613&806	5,593	10,619,399	10,481,770
Total Funds Brought Forward
TOTAL FUNDS CARRIED
FORWARD		19	511/95,$32	57,104	511,602&t36	610,619,399

		Unrestricted	Restricted	2021	2020
		Fund	Fund	Total	Total
		8		8
	Notes
FIXEDASSETS
Tangible Assets	14	6,127,373		6,127,373	4,968,725
Investments	15	5,661,17$		5,661,178	5,661,178
		11,788,551		11,788451	10,629,903
CURRENT ASSETS
Debtors	16	65,444		65,444	300,401
Cash atBank and in hand		1+3,043	7,104	1,450,147	1,395,211
		1,50$,487	7,104	1,515491	1,695,612
LIABILITIES
Creditors falling due within one year	17	(1,637,206)		(1,637~6)	(1,642,116)
NET CURRENT ASSETS		(128,719)	7,104	(121,615)	53,496
TOTAL ASSETSLESS
CURRY%LIABILITIES		11,659,832	7,104	11)666@36	10,683,399
PROVISIONS FORLIABILITIES	18
tk CHARGES		(64,000)		(64,000)	(64,000)
NETASSETS		f11,595,832	57,104	K11,602,936	510,619,399
FUNDS
Unrestricted Funds	19
General Fund		11,169)958		11,169,95810,187,932
Restricted Funds	19		7,104	7,104	5,593
Non-charitable trading fund (deficit)	19	425,874		425)874	425,874
TOTALC~FUNDS		%11/95,832	87,104	811,602,936	510,619,399

			Unrestricted	Restricted	2021	2020
			Fund	Fund	Total	Total
			8
		Notes
FIXEDASSETS
Tangible Assets		14	2,510,665		2,510,665	2,538,540
Investments		15	9,180,677		9,180,677	7,996,965
			11,691,342		11,691442	10,535,505
CURRENT ASSETS
Debtors		16	141,025		141)025	254,493
Cash atBank and in hand			IP&,$35	7,104	1,401,939	1,365,681
			1,535,860	7,104	1,542,964	1,620,174
CREDITORS: Amounts	falling
due within one year		17	(1,631,370)		(1,631,370)	(1,536,280)
NET CURRENT ASSETS			(95,510)	7,104	(88,406)	83,894
NET ASSETS			%11495,$32	57,104	f11,602,936	f10,619,399
UNRESTRICTED FUNDS
Unrestricted Funds		19	11,595,832		11/95,832	10,613,806
Restricted Funds		19		7,104	7,104	5,593
TOTAL CHARITY FUNDS			511,595,832	87,104	K11,602@36	f10,619,399

				Company	iVoi 1152779
						2021	2020
					Notes	g
Cash flows from	operating		activities:
Net cash used in	operating		activities		21	822,101	(267,963)
Cash flows from	investing		activities:
Net cash provided	by investing activities					(782/55)	(101,138)
Cash flows from	financing		activities:
Net cash used in financing		activities				15,090	999,516
Change in cash and cash equivalents				in the year		54,936	630,415
Cash snd cash equivalents		at the beginning ofthe year				1,395411	764,796
Cash and cash equivalents			atthe end	ofthe year	21	51,450,147	51,395,211

DONATIO		NS AND	LEGACIES	LEGACIES
			Unrestricted Restricted		TotalFunds	Unrestricted	TotalFunds
				Funds Funds 5	2021 g	Funds f	2020
Donations
Donations	received		51)671,943 51,511		51,673,454	5844,182	f844,182
INVESTMENT INCOME
				Unrestricted Total Funds Unrestricted			Total Funds
				Funds	2021	Funds	2020
				5	5
Rents and	Charges Receivable			253,445	253,445	242,095	242,095
Life tenancy		interest		20,000	20,000	20,000	20,000
Dividends	receivable			96,768	96,768	96,768	96,768
Interest receivable				143	143	6,212	6,212
				5370,356	f370456	f365,075	f365,075
INVESTMENT MANAGEMENT COSTS
				Unrestricted Total Funds Unrestricted			Total Funds
				Funds	2021	Funds	2020
				6	5		E
Investment		Property
Management		Costs		561,725	561)725	f35,036	535,036

EXPENDI	T	URE	ON CHARITA	ON CHARITA	BLE ACTI	BLE ACTI	VITIES BYF	UND TYPE
			Unrestricted		Restricted		TotalFunds	Unrestricted	Total Funds
				Funds		Funds	2021	Funds	2020
						g
Donations	Paid			992,770			992)770	970,060	970,060
Governance		Costs		11,400			11,400	11,400	11,400
			g1,004,170				$1,004,170	8981,460	6981,460
EXPENDITURE			ON CHARITABLE ACTIVITIES BYACTIVITY TYPE
						Grant
						Funding	Support	Total Funds	Total Funds
					Activities		Costs	2021	2020
						g		g
Donations	Paid					992,770		992,770	970,060
Governance	Costs						11,400	11,400	l1,400
					g992,770		g11,400	g1,004,170	f981,460
All donations		were	paid	to charitable		institutions	whose objects are in line with		the objects of	the
charity which		include the relief of			poverty, the		advancement	ofeducation and the furtherance		of
religion.

Tchabe Kollel Limited	110,000
Support The Charity Worker	68,725
Care All Limited	60,900
Other donations less than f60,000	753 145
Total	992,770


10.	ANALYSIS	OFSUPPORT COSTS
			Total 2021 g	Total 2020f
	Governance	Costs	11,400	11,400
11.	NET MOVEMENT IN FUNDS
	This is stated	after charging
			Total 2021	Total 2020
			0
	Auditor's Remuneration		11,400	11,400
12.	TAXATION

14.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
					~Grou	~Com	an
	Freehold land and buildings	(held for charitable	use)	Z6,	127,373	f2,510,665
15.	FIXEDASSETINVESTMENTS
		Freehold Investment		Participating		Total
		Properties		interest
			g	g
	~Grou
	Cost/valuation
	At 1July 2020	4,661,178		1,000,000		5,661,178
	Revaluadon
	At 30June 2021	&1,66L178		1,000,000		Z5,66L178

~Com an			2021	2020
Investments	at cost/valuation		5,661,178	5,661,178
Investment	in subsidiary	at valuation	3,519,499	2,335,787
			9,180,677	7,996,965

The aggregate amount of follows:	asset	s, liabili	ties and fu	nds ofthe subs	idiary under	takings are
				2021		2020
			g	8
Investment income and donations			1,256,560		594,703
Administration and property	letting		(40,316)		(30,615)
Interest payable to holding company			(9,855)		(7,244)
Net profit/(Joss) for the year				1,206,389		556,844
Net valuation loss on investment		property
Deferred taxation
NET PROFIT/(LOSS)				81,206@89		5556,844

	Assets and liabilities
	Fixed Assets		3,616,708	2,430,185
	Current Assets		93,714	173,993
	Current Liabilities		(126,923)	(204,391)
	Non Current Liabilities		~640 0	~64000
	Net Assets		3,519,499	2,335,787
	Aggregate capital and reserves		5
	Trading subsidiary		425,874	425,874
	Charity subsidiary		3,093,625	1,909,913
			3,519,499	2,335,787
16.	DEBTORS
			~Grou ~Com	an
		2021	2020 2021	2020
		8	8
	Loan due from subsidiary		121,087	98,555
	Other Debtors	65)444	300,401 19,938	155,938
		565,444	8300,401 6141,025	f254,493

		~Grou	~Com	an
	2021	2020	2021	2020
	5		0
Other Creditors	1,374,606	1,359,516	1,368,770	1,253,680
Accruals and deferred income	262,600	282,600	262,600	282,600
	51,637,206	51,642,116	X1,631@70	61,536,280

UNDS OFTHE	CHARITY
Group
		Unrestricted	Restricted	Total
		g	8	8
Balance at 1July	2020	10,613,806	5,593	10,619,399
Net surplus for the year		982,026	1,511	983,537
Transfer between	funds
Balance as at30	June 2021	11,595,832	7,104	11,602,936
Company
		Unrestricted	Restricted	Total
				8
Balance at 1July	2020	10,613,806	5,593	10,619,399
Net income for the year		(207,308)	1,511	(205,797)
Transfer between	funds
Gain on investments		1,189,334		1,189,334
Balance as at 30	June 2021	11,595,832	7,104	11,602,936

20.	ANALYSIS OF NET		SSETSB	ETWEEN FUNDS
					Net
				Fixed	Current
	Group			Assets	Assets	Provisions	Total
						s
	Unrestricted Income Funds			11,788,551	(121,615)	(64,000) 11,602,936
					Net
				Fixed	Current
	Company			Assets	Assets	Provisions	Total
				s	s
	Unrestricted Income Funds			11,691,342	(88,406)		11,602,936
21.	NOTES TOTHE CONSOLIDATED			STATEMENT OF	CASH FLOWS
					2021		2020
	Net income for the year				983,537		137,629
	Adjustment for:
	(Gain)/Loss on Investments				(5,622)		54,532
	Interestreceivable				(20,143)		(26,212)
	Net rents receivable				(191,720)		(206,459)
	Dividends receivable				(96,768)		(96,768)
	Donations payable (from disposal proceeds)
	(Increase)/Decrease in debtors				152,817		(130,685)
	Increase/(Decrease) in creditors
	Net cash used in operating		activities		822,101	(267,963)
	Cash flows irom loves		activities
	Interest received				143		6,212
	Rents received				187,860		193,608
	Dividends receivable				96,768		96,768
	Proceeds from sale ofinvestments				135,622		191,771
	Purchase ofinvestments				(1,202,648)	(589,497)
	Net cash used in investing	activities			(782,255)	(101,138)
	Cash Bows from mvesfln		activities
	Cash inflows from new borrowing				15,090		999,516
	Net decrease in cash and	cash equivalents			54,936		630,415
	Cash snd cash equivalents	at beginning		ofyear	~193 11		7~647 6
	Cash and cash equivalents		at end of	year

INCOMING RESOURCES
Donations	504,053
Investment Income	188,969
Life tenancy interest	20,000
Dividends	96,768
Interest receivable from subsidiary	9,855
Other interest receivable	137
TOTAL INCOMING RESOURCES	819,782
RESOURCES EXPENDED
Investment management charges	(32,809)
Expenditure on Charitable Activities	(992,770)
TOTAL EXPENDITURE	(1,025,579)
Net gains on investment assets	1,189,334
Net Income and Net Movement in Funds	983,537
Total Funds Brought Forward	10,619,399
Total Funds Carried Forward	f11,602,936