| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Report ofthe Independent Auditors |
4 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 10 | to | 15 |
| Detailed Statement ofFinancial Activities | 16 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| Notes | fund f |
fundsf | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
15,000 | 15,000 | |||
| Investment income |
85,794 | 80,329 | |||
| Total | 100,794 | 95,329 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Grants | 72,880 | 63,175 | |||
| Administrative costs |
6,911 | 7,718 | |||
| Total | 79,791 | 70,893 | |||
| Net gains/(losses) on |
investments | 68,242 | (29,595) | ||
| NET INCOME/(EXPENDITURE) | 89,245 | (5,159) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 1,032,554 | 1,037,713 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,121,799 | 1,032,554 |
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| thnd | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Investments | 945,745 | 877,503 | |
| CURRENT ASSETS | |||
| Cash at bank | 177.722 | 156,491 | |
| CREDITORS | |||
| Amounts falling due within one year |
(1,668) | (1,440) | |
| NET CURRENT ASSETS | 176,054 | 155,051 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | |||
| 1.121.799 | 1,032,554 | ||
| NET ASSETS | |||
| 1.121,799 | 1,032,554 | ||
| FUNDS | 10 | ||
| Unrestricted funds |
|||
| 1,121,799 | 1,032,554 | ||
| TOTAL FUNDS | |||
| 1,121,799 | 1,032.554 |
| 2021f | 2020f | |||
|---|---|---|---|---|
| Letchworth Housing Investments |
Limited | 70,470 | 62,100 | |
| Charifund | 11,984 | 14,846 | ||
| Deposit account interest | 11 | 119 | ||
| COIF Charities Investment | Fund | 3,329 | 3,264 | |
| 85,794 | 80,329 | |||
| GRANTS PAYABLE | ||||
| 2021f | 2020 | |||
| Grants | 72,880 | 63,175 | ||
| Grants to institutions | ||||
| f | ||||
| The Letchworth Settlement |
25,000 | |||
| Made with Clay | 6,558 | |||
| Centre for Healthy Living | 3,000 | |||
| 7th Letchworth Scouts |
2,000 | |||
| NH &SVSBreakaway Group | 1,000 | |||
| Letchworth Romania Association |
672 | |||
| Stevenage &North Herts Writing | Group | 500 | ||
| Make Lunch Letchworth | 500 | |||
| 39,230 |
| 59university students received average grants off500 |
59university students received average grants off500 |
for | educational | learning | materials | 29,500 | |
|---|---|---|---|---|---|---|---|
| 5 school students with disadvantaged |
home backgrounds | received average grants off120 | 600 | ||||
| 9other individuals received average |
grants for educational, | medical or | sporting | support | off394. | 3,550 | |
| 33,650 | |||||||
| NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) is stated atter charging/(crediting): |
|||||||
| 2021f | 2020 | ||||||
| Auditors' remuneration |
1,866 | 1,536 |
| FIXEDASSETINVESTMKNTS | |||
|---|---|---|---|
| Listed | Unlisted | ||
| investments | investments | Totals | |
| f | f. | ||
| MARKET VALUE | |||
| At 1 July 2020 | 402,503 | 475,000 | 877,503 |
| Revaluations | 78,242 | (10,000) | 68,242 |
| At 30June 2021 | 480,745 | 465,000 | 945,745 |
| NET BOOK VALUE | |||
| At 30June 2021 | 480,745 | 465,000 | 945,745 |
| At 30June 2020 | 402,503 | 475,000 | 877,503 |
| Listed | Unlisted | ||||
|---|---|---|---|---|---|
| investments | investments | Totals | |||
| f | f | ||||
| Valuation | in 2021 | 480,745 | 465,000 | 945,745 | |
| Iffixed asset investments | had not been revalued | they would have been included | at the following | historical cost: | |
| 2021 | 2020 | ||||
| f | |||||
| Cost | 294,905 | 294,905 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 100,794 | (79,791) | 68,242 | 89,245 | |
| TOTAL FUNDS | 100,794 | ~79,791) | 68,242 | 89,245 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.7.19 | in funds | 30.6.20 | ||
| f | f. | |||
| Unrestricted | funds | |||
| General fund | 1,037,713 | (5,159) | 1,032,554 | |
| TOTALFUNDS | 1,037,713 | (5,159) | 1,032,554 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended f |
losses f. |
in funds | |||
| Unrestricted | funds | |||||
| General | fund | 95,329 | (70,893) | (29,595) | (5,159) | |
| TOTAL | FUNDS | 95,329 | (70,893) | (29,595) | (5,159) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.7.19 | in funds | 30.6.21 | ||
| f | f, | |||
| Unrestricted | funds | |||
| General fund | 1,037,713 | 84,086 | 1,121,799 | |
| TOTAL FUNDS | 1,037,713 | 84,086 | 1,121,799 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 196,123 | (150,684) | 38,647 | 84,086 | |
| TOTAL | FUNDS | 196,123 | (150,684) | 38,647 | 84,086 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| f. | |||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Grants | 15,000 | 15,000 | |||
| Investment income |
|||||
| Letchworth Housing |
Investments | Limited | 70,470 | 62,100 | |
| Chari fund | 11,984 | 14,846 | |||
| Deposit account interest | 11 | 119 | |||
| COIF Charities Investment | Fund | 3,329 | 3,264 | ||
| 85,794 | 80,329 | ||||
| Total incoming resources | 100,794 | 95,329 | |||
| EXPENDITURE | |||||
| Charitable activities |
|||||
| Honorarium Office expenses Bank charges |
3,000 1,500 115 |
3,000 1,500 88 |
|||
| General expenses | 430 | 1,594 | |||
| Grants to institutions | 39,230 | 4,135 | |||
| Grants to individuals | 33,650 | 59,040 | |||
| 77,925 | 69,357 | ||||
| Support costs | |||||
| Governance costs |
|||||
| Auditors' remuneration |
1,866 | 1,536 | |||
| Total resources expended | 79,791 | 70,893 | |||
| Net income before gains and losses | 21,003 | 24,436 | |||
| Realised recognised | gains | and losses | |||
| Realised gains/(losses) | on | fixed asset investments | 68,242 | (29,595) | |
| Net income/(expenditure) | 89,245 | (5,159) |