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|||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||
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|||||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|
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|||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|
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||||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|
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|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|
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|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|
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||||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|
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|||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|
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||||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|
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|||||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)|