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||||||PAGES|
|---|---|---|---|---|---|
|Trustees'|annual report (incorporating||the director's report)||1to 4|
|Independent
auditor's||report to the members|||5to 10|
|Statement|offinancial|activities (including||income and expenditure||
|account)||||||
|Statement|offinancial|position|||12|
|Notes to|the financial|statements|||13to21|
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||||YEA|R ENDED|31MAR|CH 2021|CH 2021||
|---|---|---|---|---|---|---|---|---|
|||||||2021||2020|
|||||||Unrestricted|||
|||||||funds|Total funds|Total funds|
||||||Note|f.|||
|Income and endowments|||||||||
|Investment
income|||||5|187,600|187,600|253,808|
|Total income||||||187,600|187,600|253,808|
|Expenditure|||||||||
|Expenditure
on|raising funds:||||||||
|Investment|management||costs||6|(96,128)|(96,128)|(91,597)|
|Expenditure
on|charitable|activities|||7,8|(243,018)|(243,018)|(773,475)|
|Total expenditure||||||(339,146)|(339,146)|(865,072)|
|Net losses on investments|||||11|(200,750)|(200,750)|(633,440)|
|Net expenditure|and net|movement||in funds||(352,296)|(352,296)|(1,244,704)|
|Reconciliation|offunds||||||||
|Total funds brought
forward||||||6,164,306|6,164,306|7,409,010|
|Total funds carried forward||||||5,812,010|5,812,010|6,164,306|
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|||31MARCH 2021|31MARCH 2021||||
|---|---|---|---|---|---|---|
||||2021||2020||
|||Note|||||
|FIXEDASSETS|||||||
|Investments||15||3,813,000||4,013,750|
|CURRENT ASSETS|||||||
|Debtors||16|289,415||435,463||
|Cash at bank and in hand|||1,780,805||1,763,331||
||||2,070,220||2,198,794||
|CREDITORS: amounts|falling due||||||
|within
one year||17|(71,210)||(48,238)||
|NET CURRENT ASSETS||||1,999,010||2,150,556|
|TOTAL ASSETSLESS|CURRENT||||||
|LIABILITIES||||5,812,010||6,164,306|
|NET ASSETS||||5,812,010||6,164,306|
|FUNDS OF THE CHARITY|||||||
|Unrestricted
funds||||5,812,010||6,164,306|
|Total charity funds||19||5,812,010||6,164,306|
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|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|2021|Funds|2020|
||Property revenue|||||172,841|172,841|227,518|227,518|
||Bank interest receivable|||||||3|3|
||Loan interest receivable|||||14,759|14,759|26,287|26,287|
|||||||187,600|187,600|253,808|253,808|
|6.|INVESTMENT MANAGEMENT||||COSTS|||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
||||||||K|||
||Investment|property|management|costs||96,128|96,128|91,597|91,597|
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|EXPEN|DITURE ON CH|ARITABLE ACTIVITIES|BYFUND T|YPE||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|Grants
Support|paid
costs|226,320
16,698|226,320
16,698|766,189
7,286|766,189
7,286|
|||243,018|243,018|773,475|773,475|
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|8.|EXPENDIT|URE ON CHARITABLE|ACTIVITIE|S BYACTIVI|TY TYPE||
|---|---|---|---|---|---|---|
||||Grant funding||Total funds|Total fund|
||||ofactivities|Support costs|2021|2020|
||||E|||5|
||Grants paid
Governance|costs|226,320|16,698|226,320
16,698|766,189
7,286|
||||226,320|16,698|243,018|773,475|
|9.|ANALYSIS|OF SUPPORT COSTS|||||
|9.|ANALYSIS OF SU|PPORT COSTS||||
|---|---|---|---|---|---|
||||Support Costs|Total 2021|Total 2020|
|||||K|E|
||Governance
costs||16,698|16,698|7,286|
|10.|ANALYSIS OF GRANTS|||||
|||||2021|2020|
||GRANTS TO INSTITUTIONS|||||
||Support ofeducation|and relief ofpoverty||226,320|766,189|
||Total grants|||226,320|766,189|
|Achisomoch|Aid Company|Limited|222,000|
|---|---|---|---|
|Other donations|||4,320|
||||226,320|
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|NET LOSSESON INVESTMENTS|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2021|Funds|2020|
|Gains/(losses)
on disposal of|||||
|investment
property|||(422,190)|(422,190)|
|Gains/(losses)
on revaluation
of|||||
|investment
property|(200,750)|(200,750)|(211,250)|(211,250)|
||(200,750)|(200,750)|(633,440)|(633,440)|
|NET EXPENDITURE|||||
|Net expenditure
is stated after charging/(crediting);|||||
||||2021|2020|
|||||E|
|Fees payable for the audit ofthe financial|statements||5,700|5,640|
|Fees payable to the auditor for other non-audit
services|||7,800|360|
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|||Investment|
|---|---|---|
|||properties|
|Fair value|||
|At
1 April|2020|4,013,750|
|Additions|||
|Fair value|movements|(200,750)|
|At31March 2021||3,813,000|
|Carrying
amount
At 31March 2021||3,813,000|
|At 31March 2020||4,013,750|
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|16.|DEBTORS||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Trade debtors||||16,970|12,740|
||Prepayments|and accrued|income||50,995|26,273|
||Other debtors||||221,450|396,450|
||||||289,415|435,463|
|17.|CREDITORS: amounts||falling due within|one year|||
|CREDI|TORS: a|mounts
falling due within
one year|||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Trade creditors|||6,394|10,592|
|Accruals|and deferred income||52,037|24,867|
|Other creditors|||12,779|12,779|
||||71,210|48,238|
|DEFERRED INCOME|||||
||||2021|2020|
|Amount|deferred|in year|14,792|16,269|
|Deferred|income|arises from rents received in advance (see note 17).|||
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|Unrestri|cted
funds||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||At|
||||At|||Gains and 31March||20|
|||1|April 2020|Income|Expenditure|losses||21|
||||5||||||
|General|funds||6,164,306|187,600|(339,146)|(200,750)|5,812,010||
|||||||||At|
||||At|||Gains and 31March 202|||
|||I|April 2019|Income|Expenditure|losses||0|
|||||5|||5||
|General|funds||7,409,010|253,808|(865,072)|(633,440)|6,164,306||
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||||||||||||Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Funds|2021|
|||||||||||||f.|
|Investments|||||||||||3,813,000|3,813,000|
|Current assets|||||||||||2,070,220|2,070,220|
|Creditors|less|than|I|year|||||||(71,210)|(71,210)|
|Net assets|||||||||||5,812,010|5,812,010|
||||||||||||Unrestricted|Total Funds|
||||||||||||Funds|2020|
|Investments|||||||||||4,013,750|4,013,750|
|Current assets|||||||||||2,198,794|2,198,794|
|Creditors|less|than|I|year|||||||(48,238)|(48,238)|
|Net assets|||||||||||6,164,306|6,164,306|
|FINANCIAL||INSTRUMENTS|||||||||||
|The carrying||amount||for each|category of financial|||instrument||is as follows:|||
||||||||||||2021|2020|
|Financial|assets that are debt instruments||||||measured||at amortised||cost||
|Financial|assets that|||are debt instruments
measured||||at|amortised||||
|cost|||||||||||289,415|435,463|
|Financial|liabilities|||measured||at amortised|cost||||||
|Financial|liabilities||measured||at|amortised cost|||||71,210|48,238|
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