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2021-04-05-accounts

COWDRAY DWELLINC.S TRUST ANNUAL REPORT AND FINANCIAL ST ATFMENTS FOR I'HE YEAR EIYDED 5 APRIL 2021

		Page
Trustees' Annual Report		1-5
Independent Auditor's	Report	6-7
Statement ofFinancial	Activities
Balance Sheet
Cash Flow		10
Schedule ofInvestments and Income
Notes to the Financial	Statements

			FORTHE Y	EAR ENDED	5APRIL 2021
					2021	2021	2020
				Note	Unrestricted	Total	Prior year
					funds	funds	total funds
Income from:
Charitable activities					524,421	524,421	511,632
Investments					1,231	1,231	1,455
Total					525,652	525,652	513,087
Expenditure	on:
Raising funds					477,407	477,407	480,848
Charitable activities					54,076	54,076	54,070
Total					531,483	531,483	534,918
Net income/(expenditure)					(5,831)	(5,831)	(21,831)
Gains/(losses)	on investment		assets		28,602	28,602	(14,976)
Net movement	in funds				22,771	22,771	(36,807)
Reconciliation	offunds:
Total funds brought		forward			3,122,035	3,122,035	3,158,842
Total funds carried		forward			3,144,806	3,144,806	3,122,035

		AS AT 5APRI	L 2021
			Note	2021	2020
				Total	Prior year
				funds	funds
					8
Fixed Assets:
Tangible assets			12	2,920,263	2,920,263
Investments			11	136,734	108,132
Total Fixed Assets				3,056,997	3,028,395
Current Assets;
Debtors			13	22,876	22,628
Cash at bank			14	150,119	139,890
Total Current Assets				172,995	162,518
Liabilities:
Creditors: Amounts	falling	due within one year	15	(85,186)	(68,878)
Net Current Assets	or Liabilities			87,809	93,640
Total Net Assets or	Liabilities			3,144,806	3,122,035
The Funds ofthe Charity:
Unrestricted funds				3,144,806	3,122,035
Total Charity Funds				3,144,806	3,122,035

		F	ORTH	E	Y	EAR ENDED 5A	PRIL 2021
							Note	2021	2020
								Total	Prior year
								funds	funds
								f.	K
Cash generate from operating			activities:
Net cash provided	by (used in) operating			activities			17	(515,423)	(526,756)
Cash flows from	other	sources:
Dividends, interest	and	rents from investments						525,652	513,087
								525,652	513,087
Net increase/(decrease)		in cash						(10,229)	(13,669)
Cash at bank and	in hand less overdrafts				at	the beginning		139,890	153,559
ofthe year
Cash at bank and in		hand less overdrafts				at year end	18	150,119	139,890

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	expenses reimbursed by f4006 [2020:f3938].	expenses reimbursed by f4006 [2020:f3938].	the Charity. Dickinson Trust	Limited charged adminisuation	expenses of
4,	Income from charitable		activities	2021	2020
	Rental income			524,306	511,517
	Wayleaves			115	115
				524,421	511,632
5.	Investment	income		2021	2020
	Income from	investments		1,231	1,455
				1,231	1,455

				FORTHE YEA	FORTHE YEA	R ENDED 5APRIL 2021
6.	Expenditure			on raising funds			2021	2020
	Rates paid						23,992	17,976
	Insurance						7,934	8,059
	Repairs and		maintenance				349,191	379,982
	Finance						353	425
	Legal and	professional			fees		75,387	74,406
	Other property			expenses			20,550
							477,407	480,848
7.	Charitable		activities			Direct	Support
						costs	costs
						(see note 8)	(see note 9)	Total
						g
	Charitable	expenditure				50,000	4,076	54,076

ofK50000 in fu	rtheran	ce o	fits char	itable objectives.
Support costs					2021	2020
Administration	expenses				4,006	3,938
Bank charges						60
Legal Entity Identification			number	fee	70
Portfolio Stewardship		fees				72
					4,076	4,070

Fixed asset investments	2021	2020
Market value brought forward	108,132	123,108
Additions
Net gains/(losses) on investments	28,602	(14,976)
Market value carried forward	136,734	108,132
Geographical analysis	2021	2020
United Kingdom investments	136,734	108,132
	136,734	108,132

	unrealised gains on revaluati	unrealised gains on revaluati	on to market value off286	02 [2020:loss f14976].
12.	Tangible assets			2021	2020
	67dwellings	near Midhurst,	Sussex	2,920,263	2,920,263
				2,920,263	2,920,263

			FOR THE YEAR ENDED 5AP	RIL 2021
13.	Debtors			2021	2020
	Rents receivable			19,504	18,918
	Prepayments			3,372	3,710
				22,876	22,628
14.	Cash at bank			2021	2020
	Royal Bank ofScotland		pic	49,082	51,383
	Schroder &Co Limited			262	762
	National Westminster	Bank		100,775	87,745
				150,119	139,890
15.	Creditors: Amounts	falling due within one year		2021	2020
	Trustees fees			(26)
	Accruals			22,555	24,304
	Cowdray Estate building		works	38,072	20,059
	Rent Deposits			24,515	24,515
	Investment management		fees	70
				85,186	68,878
16,	Movement in funds			2021	2020
	Unrestricted funds:
	Balance brought forward			3,122,035	3,158,842
	Net movement in funds			22,771	(36,807)
	Balance carried forward			3,144,806	3,122,035

				Gains and	Movement
		Income	Outgoings	losses	in funds
Unrestricted	funds	48,245	(54,076)	28,602	22,771


17.	Reconciliation ofnet income/(expenditure)			to net cash flow from Operating		Activities
						2021	2020
	Net income/(expenditure)	(as per the Statement ofFinancial Activities)				(5,831)	(21,831)
	Adjustments for:
	Dividends, interest and rent from investments				(525,652)		(513,087)
	(Increase)/decrease in debtors					(248)	(3,093)
	Increase/(decrease) in creditors					16,264	11,255
	Net cash provided by/(used	in) Operating	Activities		(515,423)		(526,756)
18.	Analysis ofcash at bank	and in hand less		overdrafts		2021	2020
							f.
	Cash at bank and in hand				150,119		139,890
					150,119		139,890