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||||||PAGES|
|---|---|---|---|---|---|
|Trustees'|annual
report|(incorporating|the|director's report)|I to 3|
|Independent
examiner's||report to the|trustees|||
|Statement|offinancial|activities (including||income and expenditure||
|account)||||||
|Statement|offinancial|position||||
|Notes to|the financial|statements|||7 to 14|
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||||YEA|R ENDED|31MAR|CH 2023|CH 2023||
|---|---|---|---|---|---|---|---|---|
|||||||2023||2022|
|||||||Unrestricted|||
|||||||funds|Total funds|Total funds|
||||||Note||||
|Income and endowments|||||||||
|Investment
income|||||5|]80,379|180,379|176,931|
|Total income||||||180,379|180,379|176,931|
|Expenditure|||||||||
|Expenditure
on|raising funds:||||||||
|investment|management||costs||6|(53,004)|(53,004)|(97,781)|
|Expenditure
on|charitable|activities|||7,8|(674,913)|(674,913)|(896,277)|
|Total expenditure||||||(727,917)|(727,917)|(994,058)|
|Net expenditure|and net|movement||in funds||(547,538)|(547,538)|(817,127)|
|Reconciliation|offunds||||||||
|Total funds brought
forward||||||4,994,883|4,994,883|5,812,010|
|Total funds carried forward||||||4,447,345|4,447,345|4,994,883|
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|||31MARCH 2023|31MARCH 2023||||
|---|---|---|---|---|---|---|
||||2023||2022||
|||Note|||||
|FIXEDASSETS|||||||
|investments||15||3,813,000||3,813)000|
|CURRENT ASSETS|||||||
|Debtors||16|76,538||163,830||
|Cash at bank and in hand|||598)778||1,070,723||
||||675,316||1,234,553||
|CREDITORS: amounts|falling due||||||
|within
one year||17|(40,971)||(52,670l||
|NET CURRENT ASSETS||||634&345||1,181,883|
|TOTAL ASSETSLESS|CURRENT||||||
|LIABILITIES||||4)447)345||4,994,883|
|NET ASSETS||||4,447,345||4,994,883|
|FUNDS OF THE CHARITY|||||||
|Unrestricted
funds||||4,447,345||4,994,883|
|Total charity funds||19||4,447,345||4,994,883|
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|||||||Unrestricted|Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|2023|Funds|2022|
||Property revenue
Loan interest receivable||||||173,179
7,200|173,179
7,200|168,889
8,042|168,889
8,042|
||||||||180,379|180,379|176,931|176,931|
|6.|INVESTMENT MANAGEMENT||||COSTS||||||
|||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||||||Funds|2023|Funds|2022|
|||||||||||s|
||Investment|property|management|costs|||53,004|53,004|97,781|97,781|
|7.|EXPENDITURE ON CHARITABLE|||||ACTIVITIES BYFUND TYPE|||||
|||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||||||Funds|2023|Funds|2022|
||Grants paid
Support costs||||||668,522
6,391|668,522
6,391|887,310
8,967|887,310
8,967|
||||||||674,913|674,913|896,277|896,277|
|8.|EXPENDITURE ON CHARITABLE|||||ACTIVITIES BYACTIVITY TYPE|||||
|||||||Grant|funding||Total funds|Total fund|
|||||||ofactivities||Support costs|2023|2022|
||Grants paid
Governance|costs|||||668,522|6,391|668,522
6,391|887,310
8,967|
||||||||668,522|6,391|674,913|896,277|
|9.|ANALYSIS OF SUPPORT COSTS||||||||||
|||||||||Support Costs|Total 2023|Total 2022|
||Governance|costs||||||6,391|6,391|8,967|
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|ANALYSIS OF GR|ANTS|||
|---|---|---|---|
|||2023|2022|
|GRANTS TO INSTITUT1ONS||||
|Support ofeducation|and relief ofpoverty|668,522|887,310|
|Total grants||668,522|887,310|
|Achisomoch|Aid Company|Limited|663,500|
|---|---|---|---|
|Other donations|||5,022|
||||668,522|
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|11.|NET EXPENDI|NET EXPENDI|TURE|||||
|---|---|---|---|---|---|---|---|
||Net expenditure||is stated|after charging/(crediting):||||
|||||||2023|2022|
||Fees payable|for|the audit|ofthe financial|statements||6,000|
|12.|INDEPENDENT||EXAMINATION FEES|||||
|||||||2023|2022|
||Fees payable|to the independent
examiner|||for:|||
||Independent|examination||ofthe financial|statements|6,000||
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|||Investment|
|---|---|---|
|||properties|
|Fair value|||
|At 1 April|2022 and 31March 2023|3,813,000|
|Carrying
amount
At 31March 2023||3,813,000|
|At 31 March 2022||3,813,000|
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|DEBTORS||||
|---|---|---|---|
|||2023|2022|
|Trade debtors||21,029|17,400|
|Prepayments
Other debtors|and accrued income|40,509
15,000|59,980
86,450|
|||76,538|163,830|
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|CREDI|TORS: a|moun|ts
falling due within
one ye|ar||
|---|---|---|---|---|---|
|||||2023|2022|
|Trade creditors|||||l85|
|Accruals|and deferred||income|25,944|37,631|
|Other creditors||||15,027|14,854|
|||||40,971|52,670|
|DEFERRED INCOME||||||
|||||2023|2022|
|||||r.||
|Amount|deferred|in year||14,112|15,099|
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||Unrestric|te|d|funds|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||At|
|||||||||||||At|||31March 20||
||||||||||1 April 2022||||Income||Expenditure|23|
||General|funds||||||||4,994,883|||180,379||(727,917)|4,447,345|
|||||||||||||||||At|
|||||||||||||At|||31 March 202||
||||||||||1 April 2021||||Income||Expenditure|2|
||General|funds||||||||5,812,010|||176,931||(994,058)|4,994,883|
|20.|ANALYSIS OF NET ASSETS|||||||BETWEEN|||FUNDS||||||
||||||||||||||||Unrestricted|Total Funds|
||||||||||||||||Funds|2023|
||||||||||||||||f.||
||Investments||||||||||||||3,813,000|3,813,000|
||Current|assets|||||||||||||675,316|675,316|
||Creditors||less|than|I|year|||||||||(40,971)|(40,971)|
||Net assets||||||||||||||4,447,345|4,447,345|
||||||||||||||||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|
|21.|FINANCIAL|||INSTRUMENTS|||||||||||||
||The carrying|||amount||for each|category||of financial|||instrument||is as follows;|||
||||||||||||||||2023|2022|
||Financial||assets that are debt instruments||||||||measured||at amortised||cost||
||Financial||assets that|||are debt instruments|||measured|||at|amoitised||||
||cost||||||||||||||76,538|163,830|
||Financial||liabilities|||measured||at amortised|||cost||||||
||Financial||liabilities||measured||at|amoitised||cost|||||40,971|52,670|
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