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2022-04-05-accounts

COWDRAY DWFLLINGS TRUST ANNUAL REPORT AND TrINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

				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		12- 17

			FOR THE Y	EAR ENDED	5APRIL 2022
					2022	2022	2021
				Note	Unrestricted	Total	Prior year
					funds	fuads	total funds
						f	K
Income from:
Charitable activities					560,078	560,078	524,421
Investments					1,134	1,134	1,231
Total					561,212	561,212	525,652
Expenditure	on:
Raising funds					504,902	504,902	477,407
Charitable activities					54,293	54,293	54,076
Total					559,195	559,195	531,483
Net income/(expenditure)					2,017	2,017	(5,83 1)
Gains/(losses)	on investment		assets		7,111	7,111	28,602
Net movement	in funds				9,128	9,128	22,771
Reconciliation	offunds:
Total funds brought		forward			3,144,806	3,144,806	3,122,035
Total funds carried		forward			3,153,934	3,153,934	3,144,806

				AS AT 5APR	IL 2022
					Note	2022	2021
						Total	Pnor year
						funds	funds
						g
Fixed Assets:
Tangible assets					12	2,920,263	2,920,263
Investments					11	143,142	136,734
Total Fixed Assets						3,063,405	3,056,997
Current Assets:
Debtors					13	24,709	22,876
Cash at bank					14	152,539	150,119
Total Current	Assets					177,248	172,995
Liabilities:
Creditors: Amounts		falling	due within one year		15	(86,719)	(85,186)
Net Current Assets		or Liabilities				90,529	87,809
Total Net Assets or		Liabilities				3,153,934	3,144,806
The Funds of	the Charity:
Unrestricted funds						3,153,934	3,144,806
Total Charity	Funds					3,153,934	3,144,806
Approved by the Trustees			on	27 January 2023	and signed on their	behalf by;

		F	ORTHE	Y	EAR ENDED 5A	PRIL 2022
						Note	2022	2021
							Total	Prior year
							funds	funds
Cash generate from operating			activities:
Net cash provided	by (used in) operating			activities		17	(559,495)	(515,423)
Cash flows from	other	sources:
Dividends, interest	and	rents from investments					561,212	525,652
							561,212	525,652
Application ofcash:
Sale ofinvestments							703
							703
Net increase/(decrease)		in cash					2,420	(10,229)
Cash at bank and	in hand less overdrafts			at	the beginning		150,119	139,890
ofthe year
Cash at bank and in		hand less overdrafts			at year end	18	152,539	150,119

	f4067 [2021:	f4067 [2021:	f4006].
4.	Income from		charitable	activities	2022	2021
	Rental income				559,613	524,306
	Other properLy		income		350
	Wayleaves				115	115
					560,078	524,421
5,	Investment	income			2022	2021
					K	g
	Income from	investments			1,134	1,231
					1,134	1,231

						FORTHE YEA	R ENDED 5APRIL 2022
6.	Expenditure			on raising		funds		2022	2021
	Investment		management			fees		51
	Rates paid							16,771	23,992
	Insurance							8,242	7,934
	Repairs and		maintenance					401,143	349,191
	Finance							195	353
	Legal and	professional			fees			78,500	75,387
	Other property			expenses					20,550
								504,902	477,407
7.	Charitable		activities				Direct	Support
							costs	costs
							(see note S)	(see note 9)	Total
								K
	Charitable	expenditure					50,000	4,293	54,293

off50000 in fu	rtheran	ce o	fits charitable objectives.
Support costs				2022	2021
					K
Administration	expenses			4,067	4,006
Legal Entity Identification			number fee	149	70
Portfolio Stewardship		fees		77
				4,293	4,076

11.Fixed	asset investments	asset investments	2022	2021
			g
Market	value	brought forward	136,734	108,132
Less disposal		proceeds	(703)
Net gains/(losses) on investments			7,11)	28,602
Market	value	carried forward	143,142	136,734
Geographical		analysis	2022	2021
			g
United	Kingdom investments		143,142	136,734
			143,142	136,734

	unrealised gains on revaluati	unrealised gains on revaluati	on to market value off691	7[2021: gain 628602].
12.	Tangible assets			2022	2021
	67 dwellings	near Midhurst,	Sussex	2,920,263	2,920,263
				2,920,263	2,920,263

				FOR	THE	YEAR EN	DED 5 A	PRIL 2022
13.	Debtors								2022	2021
	Rents receivable								22,733	19,504
	Prepayments								1,976	3,372
									24,709	22,876
14,	Cash at bank								2022	2021
	Royal Bank ofScotland			pic					46,110	49,082
	Schroder &Co	Limited							694	262
	National Westminster		Bank						105,735	100,775
									152,539	150,119
15.	Creditors: Amounts		falling due		within	one year			2022	2021
	Trustees fees								11	(26)
	Accruals								25,621	22,555
	Cowdray Estate	building		works					33,922	38,072
	Rent Deposits								27,165	24,515
	Investment management			fees						70
									86,719	85,186
16.	Movement in funds								2022	2021
	Unrestricted funds:
	Balance brought	forward							3,144,806	3,122,035
	Net movement	in funds							9,128	22,771
	Balance carried	forward							3,153,934	3,144,806
	Net movement	in funds		included	in the	above are	as follows'.
									Gains and	Movement
							Income	Outgoings	losses	in funds
	Unrestricted funds						56,361	(54,344)	7,111	9,128

17.	Reconciliation of	net income/(expenditure)	net income/(expenditure)	net income/(expenditure)	to net cash flow from Operating	to net cash flow from Operating	Activities
							2022	2021
	Net income/(expenditure)		(as per the Statement ofFinancial Activities)				2,017	(5,831)
	Adjustments for:
	Dividends, interest	and rent from investments				(561,212)		(525,652)
	(Increase)/decrease	in debtors					(1,833)	(248)
	Increase/(decrease)	in creditors					1,533	16,264
	Net cash provided	by/(used	in) Operating	Activities		(559,495)		(515,467)
18.	Analysis ofcash at bank		and in hand less		overdrafts		2022	2021
							g
	Cash at banl& and in hand					152,539		150,119
						152,539		150,119