##
##
##
##
||||||PAGES|
|---|---|---|---|---|---|
|Trustees'|annual
report (incorporating||the director's report)||Ito 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|||13to20|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
#
#
#
##
##
##
##
##
##
||||YEA|R ENDED|31MAR|CH 2022|CH 2022||
|---|---|---|---|---|---|---|---|---|
|||||||2022||2021|
|||||||Unrestricted|||
|||||||funds|Total funds|Total funds|
||||||ttote||||
|Income and endowments|||||||||
|Investment
income|||||5|176,931|176,931|187,600|
|Total income||||||176,931|176,931|187,600|
|Expenditure|||||||||
|Expenditure
on|raising funds:||||||||
|Investment|management||costs||6|(97,781)|(97,781)|(96,128)|
|Expenditure
on|charitable|activities|||7,8|(896,277)|(896,277)|(243,018)|
|Total expenditure||||||(994,058)|(994,058)|(339,146)|
|Net losses on investments||||||||(200,750)|
|Net expenditure|and net|movement||in funds||(817,127)|(817,127)|(352,296)|
|Reconciliation|offunds||||||||
|Total funds brought
forward||||||5,812,010|5,812,010|6,164,306|
|Total funds carried forward||||||4,994,883|4,994,883|5,812,010|
##
##
|||31MARCH 2022|31MARCH 2022||||
|---|---|---|---|---|---|---|
||||2022||2021||
|||||g|||
|FIXEDASSETS
Investments||15||3,813,000||3,813,000|
|CURRENT ASSETS
Debtors
Cash at banlc and in hand||I6|163,830
11070i723||289,415
1,780,805||
||||1,234)553||2 070i220||
|CREDITORS: amounts
svithin
one year|falling due|17|(52,670)||(71,210)||
|NET CURRENT ASSETS||||1,181,883||1,999,010|
|TOTAL ASSETS LESS
LIABILITIES|CURRENT|||4,994,883||5,812,010|
|NETASSETS||||4,994,883||5,812,010|
|FUNDS OFTHE CHARITY
Unrestricted
funds||||4,994,883||5,812,010|
|Total chaiity funds||19||4i994,883||5,812,010|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|5.|INVESTM|ENT IN|COME||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||||||Funds|2022|Funds|2021|
||Property revenue
Loan interest receivable||||||168,889
8,042|168,889
8,042|172,841
14,759|172,841
14,759|
||||||||176,931|176,931|187,600|187,600|
|6.|INVESTMENT MANAGEMENT||||COSTS||||||
|||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||||||Funds|2022|Funds|2021|
||Investment|property|management|costs|||97,781|97,781|96,128|96,128|
|7.|EXPENDITURE ON CHARITABLE|||||ACTIVITIES BYFUND TYPE|||||
|||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||||||Funds|2022|Funds|2021|
||Grants paid
Support costs||||||887,310
8,967|887,310
8,967|226,320
16,698|226,320
16,698|
||||||||896,277|896,277|243,018|243,018|
|8.|EXPENDITURE ON CHARITABLE|||||ACTIVITIES BYACTIVITY TYPE|||||
|||||||Grant|funding||Total funds|Total fund|
|||||||ofactivities||Support costs|2022|2021|
||||||||s||||
||Grants paid
Governance|costs|||||887,310|8,967|887,310
8,967|226,320
16,698|
||||||||887,310|8,967|896,277|243,018|
|9.|ANALYSIS OF SUPPORT COSTS||||||||||
|||||||||SupportCosts|Total 2022|Total 2021|
||Governance|costs||||||8,967|8,967|16,698|
##
##
##
##
##
|ANALYSIS OF GRANTS||||||
|---|---|---|---|---|---|
|||||2022|2021|
|GRANTS TO INSTITUTIONS||||||
|Support ofeducation
and relief ofpoverty||||887,310|226,320|
|Total grants||||887,310|226,320|
|All grants
and
donations|were|paid to charitable|institutions|for the purposes|of either
the|
|advancement
ofeducation|or the|alleviation ofpoverty.||||
|The composition ofdonations
is||shown below.||||
|Achisomoch
Aid Company
Other donations|Limited||||884,000
3,310|
||||||887,310|
##
|11.|NET LOSSESON INVESTMENTS||||||
|---|---|---|---|---|---|---|
|||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||Funds|2022|Funds|2021|
|||||f.|||
||Gains/(losses)
on revaluation
of||||||
||investment
property||||(200750)|(200750)|
|12.|NET EXPENDITURE||||||
||Net expenditure
is stated after charging/(crediting):||||||
||||||2022|2021|
||Fees payable for the audit ofthe financial|statements|||6,000|5,700|
||Fees payable to the auditor for other non-audit||services|||7,800|
##
##
##
##
|||Investment|
|---|---|---|
|||properties|
|Fair value|||
|At 1April|2021 and 31 March 2022|3,813,000|
|Carrying
amount
At 31March 2022||3,813,000|
|At 31March 2021||3,813,000|
##
##
|16.|DEBTORS||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Trade debtors||||17,400|16,970|
||Prepayments
Other debtors|and accrued|income||59,980
86,450|50,995
221,450|
||||||163,830|289,415|
|17,|CREDITORS; amounts||falling due within|one year|||
|17,|CREDI|TORS; amounts
falling due within
one ye|ar||
|---|---|---|---|---|
||||2022|2021|
||||K||
||Trade creditors||185|6,394|
||Accruals|and deferred income|37,631|52,037|
||Other creditors||14,854|12,779|
||||52,670|71,210|
|18.|DEFERRED INCOME||||
||||2022|2021|
||Amount|deferred in year|15,099|14,792|
##
##
##
##
##
||||||||||||||||At|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||At|||||Gains and 31March 20||
|||||||1 April|||2021|Income||Expenditure||losses|22|
|General|funds||||||5,812,010|||176,931||(994,058)|||4,994,883|
||||||||||||||||At|
||||||||||At|||||Gains and 31March 202||
|||||||1 April 2020||||Income||Expenditure||losses|1|
|General|funds||||||6,164,306|||187,600||(339,146)||(200,750)|5,812,010|
|ANALY|S|IS OF NET ASSETSBETWEEN||||||||FUNDS||||||
|||||||||||||||Unrestricted|Total Funds|
|||||||||||||||Funds|2022|
|Investments||||||||||||||3,813,000|3,813,000|
|Current assets||||||||||||||1,234,553|1)234,553|
|Creditors||less|than|1 year||||||||||(52,670)|(52,670)|
|Net assets||||||||||||||4,994,883|4,994,883|
|||||||||||||||Unrestricted|Total Funds|
|||||||||||||||Funds|2021|
|||||||||||||||s||
|Investments||||||||||||||3,813,000|3,813,000|
|Current|assets|||||||||||||2,070,220|2,070,220|
|Creditors||less|than|1 year||||||||||(71,210)|(71,210)|
|Net assets||||||||||||||5,812,010|5,812,010|
|FINANCIAL|||INSTRUMENTS|||||||||||||
|The carrying|||amount||for each|||category of financial|||instrument||is as fogows:|||
|||||||||||||||2022|2021|
|Financial||assets that are||||debt instruments||||measured||at amortised||cost||
|Financial||assets that|||are debt||instruments
measured||||at|amortised||||
|cost||||||||||||||163,830|289,415|
|Financial||liabilities|||measured||||at amortised|cost||||||
|Financial||liabilities||measured||||at|amortised cost|||||52,670|71,210|
##
##
##
##
##
|As lessor|||||||
|---|---|---|---|---|---|---|
|The total future minimum||lease payments|receivable|under non-cancellable|operating|leases are|
|as follows:|||||||
||||||2022|2021|
|Not later than|1 year||||44,000|44,000|
##