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||
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||||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|
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|||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|
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|||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|
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|||||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|
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|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|
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|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|
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||||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|
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|---|---|---|---|---|---|---|---|
|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|
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