2022-08-31-accounts - The Garwood Foundation

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			Unrestricted	Designated	Restricted	Total	Notes
			Funds	Funds	Funds	Funds		2021
Income & Endowments from:
Grants, Donations &Legacies			23,127		204,622	227,749	7	359,258
Other Trading Activities			329,445			329,445	8	224,039
Investments: interest, dividends, rents			20,448			20,448		20,855
Income from charitable	activities		2,305,172			2,305,172	9	1 935056
Total			2.678,192		204,622	2,882,814		2 539,208
Expenditure on:
Raising Funds			178,871	25,516	-	204,387	10	183,027
Charitable activities			2,548,793		144,992	2,693,785		23 1067
Total			2 727,664	25,516	144,992	2,898,172		2,554.094
Net Income/(Expenditure) before		gains and losses	(49,472)	(25,516)	59,630	(15,358)		(15,686)
on investment assets
Gain/(Loss) on investment assets:
Realised Gain/(Loss) /
Unreaslised Gain/(Loss)			77,135			77.135	4	21,774
Total			77,135			77,135		21,774
Net Income/(Expenditure)			27,663	(25,516)	59,630	61,777		6,088
Transfers
Gross transfers between	funds		(41,253)	41,253
Net incoming resources	before other
recognised gains and losses			13,590	15,737	59,630	61,777		6,088
Net movement		in funds	13,590	15737	59,630	61,777		6,088
Reconciliation of Funds
Total funds brought forward			3,720,232	107,000	204,955	4,032,187		4,026,099
Total Funds carried forward			3706642	122737	264 585	4093964		4032 187

						Total	Notes	Prior year
						Funds		total funds
						6
Fixed Assets
Tangible assets						2,922,056	3	2,901,545
Investments						915,307	4	838,172
Total Fixed Assets						3,837,363		3,739,717
Current Assets
Debtors						149,088	5	211,487
Cash at bank and	in hand					668,520		615,428
Total Current Assets						817600		826 918
Liabilities:
Creditors falling due within		1	year			561,007	6	534,445
Net Current Assets						256,601		292,470
Total assets less current				liabilities		4,093,964		4,032,187
Net Assets	Including		Pension		Liability	4,093,964		4,032 107
Funds ofthe Foundation
Unrestricted income Funds						3,706,642	15	3,720,232
Designated Income Funds						122,737	15	107,000
Restricted Income	Funds					264,585	15	204,955
Total Foundation	Funds					4.093,964		4032 187

					2022	2021
					6	6
Net Cash Used in	operating	activities		(note 20)	128,753	22,234
Cash Flows from	investing	activities
Investment Income Purchase of Fixed	Assets				20,448 ~96.709	20,855 ~22.027
Cash Provided by	(used in)	investing		activities	~75.667	1 172
Increase (decrease) in cash		and	cash	equivalents
end ofthe period					53,092	21,062
Cash and cash equivalents at		the	beginning ofthe period		615429	594366
Total cash and cash equivalents			at the end ofthe period		668,520	615,428
Held as:
Cash at bank and	in hand				668,520	615,428
Total cash and cash equivalents			at the end ofthe period		668520	615428

TANGIBLE ASSETS
	Freehold	Property Under	Leasehold	Molor	Plant snd	Total
	Property	Construction	Propedy	Vehicles	Equipment
			Dong)f
COST
At I September 2021	2,632,736	57,996	583,649	323,301	552,462	4,15D,166
Additions in year		25,189			70,920	96,109
Disposals in year
At 31 August 2022	2632 736	83187	583649	323301	623402	4246275
DEPRECIATION
At I September 2021	40,660		442,108	255,512	510,341	1,248,621
Charge for the year			22,385	29,829	23,384	75,598
Disposals in year
At 31 August 2022	40660		4b4 404	265341	533725	1324219
NET BOOK VALUE
At 31 August 2022	2.592 076	83187	119156	37960	89677	2922056
At 31August 2021

INVESTMENTS
	2022f	2D21
Quoted investmenls:
Mid market value I September 2021/ 2020	338,172	316.398
Invsslmenls additions
Invsslmenm disposals
Realised gain on investmenls sold
Unrealised gain /(loss)	22865	21 774
Mid market value 31 Augusl 2022/2021	315,307	338,172
Investment properly:
Market value I September 2021 / 2020	500,000	500,DOO
Unrealised gain	100000
Market value 31 August 2022 / 2021	6D0,000	500,DDO
Total Inveslmenls	tr15 3t/7	838172

						Balance		Movement	in resources	in resources					Balance	Balance
						01-Sep-21	Incoming		Outgoing		Transmm				31-Aug-22
						2				6		f.				E
						3720 232		2755327		2727 654		41,263			3	'f06 642
~Di nAjffif	F~n					107080				25.518		41,253				122.737
jjafildfiiaf(Ellgda RSDonaEons 6Legaaes						29,910		77,740		(86,731)						20,919
JGH Donations li Legacies								9,526		(9,526)
BH Donations		Ifi Legacies						17,356		(12,806)						4,550
ITAdmln Expenditure						4,500										4,500
Hydrolhempy		Pool (Capital		Project)		98,626		100,000								198,626
Minibus Fund						57,945				(21,955)						35,990
PPE Fund						13,974				(13,974)
						204955		204 622		144992						264,585
Total						4,032,187	2959,949			2 698I72					4	093964
Comparailve		movements	in	funds:
						Balance		Movement	in msources:						Balance
						01-Sep-20	Incoming		Outgoing		Transfem				31-Aug-21
								6		2			L'			6
Uhlaslrlcted	Fuhds					3,698,575	2,409,185			(2.280,528)		(107,000)			3,720,232
Daaighslad	Fuhda											107,000				10'7,000
Restricted Funds						327,524		151797		274386				—		204955
Total						4026099		2560982		2554894					4	03218T
Description	ofDesignated			and Restricted Funds
Designated	Fund				Unresbicted	funds designated	forthe Capital		Project. The Iransfer			of	641.253ficm
					Unresbicted	Funds is in order	forthe starling		position ofthe Designated					Fund	to match a
					Et48,253legacy received in a previous accounting period.
RS Donations		5Legacies			Donations	and legacies reslrimed		for the benefit ofRutherfohl			School.
JGH Donations 6 Legacies					Donations	and legacies restricted		forthe benelit ofJean Garwood				House
BH Donations		it Legacies			Donations	and legacies restricted		forthe benefit ofBramley Hill
ITAdmin Expenditure:					Donafions	resbicled to cover	costs ofITexpenditure
Hydrotherapy		Pool (Capital		Project)	Donafions	resbicted to cover	costs ofconstruction			ofIhe Hydrotherapy			Pool (Part ofthe
					"Capital Project")
Minibus Fund					The net book value ofminibuses			purchased	with	grants received		to fund		their	purchase.
PPE Fund.					Grants restricted to cover Ihe		costs ofPersonal Protective Equipment

			Tangible
			Fixed	Investments	Debtors	Cash	Cr8dltols	Net Assets
			Ass!Its
			2
Unrestricted			2,781,960	792,570	149,088	544,031	(561,007)	3,706,642
Desighsted				122,737				122,737
RSDonations		5 Legacies	20,919					20,919
JGH Donafions		&Legacies
BH Donations		5 Legacies				4,550		4,550
ITAdmin Expenditure						4,500		4,500
Hydrotherapy	Pool (Capfial Project)		83,187			115,439		198,626
Minibus Fund			35,990					35,990
Total			2922056	915307	149088	668520	561007	4093964

								Total	Prior year
								Funds	total funds
								8	8
Fixed Assets
Tangible assets								2,922,056	2,901,545
Investments								915,309	838 174
Total Fixed		Assets						3837365	3739.719
Cunent Assets
Debtors								327,558	433,849
Cash at bank and		in hand						485 748	389,639
Total Current Assets								813306	823,488
Liabilities:
Creditors falling due within			1	year				556,707	531.020
Net Current		Assets						256,599	292,468
Total assets less current					liabilities			4,093,964	4,032,187
Net Assets		Including		Pension		Liability		4,093,964	4 032 187
Funds ofthe Foundation
Unrestricted Income Funds								3,706,642	3,720,232
Designated Income Funds								122,737	107,000
Restricted Income		Funds						264,585	204,955
Total Foundation	Funds							4093964	4 032 187
Frank Newton
							)
							)
							)		Directors
lan Trumper							)	r~r~~
							)

			Unrestricted	Designated	Restricted	Total
			Funds	Funds	Funds	Funds	2021
Income &Endowments from:
Grants, Donations 8 Legacies			23,127		204,622	227,749	292,700
Donation from Trading Subsidiary			50,203			50,203	47,316
Other Trading Activities			125,080			125,080	80,655
Investments: interest, dividends, rents			20,445			20,445	20,854
Income from charitable activities			2 305172			2 305172	1 035 056
Total			2 524 027		204 622	2 728649	2.3 56
Expenditure on:
Raising Funds			24,706	25,516	-	50,222	20,400
Charitable activities			2,548,793		144,992	2693,785	861
Total			2 573,499	25516	144 992	2,744,007	2,392,267
Net Income/(Expenditure) before		gains and losses	(49,472)	(25,516)	59,630	(15,358)	(15,686)
on investment assets
Gain/Loss on investment assets
Realised Gain/(Loss)
Unreaslised Gain/(Loss)			77 135			77135	21
Total			77 135			77 135	21 4
Net Income/(Expenditure)			27,663	(25,516)	59,630	61,777	6,088
Transfers
Gross transfers between	funds		(41,253)	41,253
Net incoming resources	before other
recognised gains and losses			13590	15737	59630	61 777	6,088
Net movement		in funds	13590	15737	59630	61 777	6088
Reconciliation of Funds
Total funds brought forward			3,720,232	107,000	204,955	4,032,187	4,026,099
Total Funds	carried forward		3706642	122737	264 585	4093964	4,032,187