| CONTENTS AND | CHARITY INFORMATION | CHARITY INFORMATION | ||||
|---|---|---|---|---|---|---|
| CONTENTS; | ||||||
| Report ofthe Trustees | ||||||
| Independent Examiners Report |
||||||
| Statement ofFinancial Activities | ||||||
| Balance Sheet | ||||||
| Statement ofCash | Flows | |||||
| Notes to the Accounts | ||||||
| TRUSTEES/DIRECTORS: | Dr S Burke | |||||
| Professor M G Worster | ||||||
| Mr M Mitchell | ||||||
| Revd J Summers | ||||||
| Revd SDawson | ||||||
| Professor SP Baron-Cohen | (appointed | 31/5/22) | ||||
| Dr A SP Rae (appointed | I/8/22) | |||||
| COMPANY SECRETARY; | Revd J Summers | |||||
| COMPANY REGISTRATION NUMBER: | 01469830 | |||||
| CHARITY REGISTRATION NUMBER: | 279447 | |||||
| REGISTERED OFFICE: | Trinity College | |||||
| Cambridge | ||||||
| CB2 ITQ | ||||||
| INDEPENDENT | EXAMINERS: | Ian W Shipley FCCA | ||||
| For and on behalf of: | ||||||
| Prentis &Co LLP | ||||||
| Chartered Accountants |
and | Independent | Examiners | |||
| 115cMilton Road | ||||||
| Cambridge | ||||||
| CB4 IXE | ||||||
| BANKERS: | Barclays Bank Pic | CAF Bank | Ltd | |||
| Sidney Street | Kings Hill | |||||
| Cambridge | Kent | |||||
| CB23PZ | ME19 4JQ |
| STATEMENTOFFINANCIAL A | CTIVITI | ES | ||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||||
| ~UItRAAT YAA | Notes | Funds 2022 |
Funds 2022 |
Funds 2022 |
||
| INCOME | ||||||
| Donations and legacies Investment income Charitable activities |
16,948 105,375 13,582 |
16,948 105,375 13,582 |
||||
| TOTAL INCOME | 135,905 | 135,905 | ||||
| EXPENDITURE Raising funds Charitable activities |
16,282 53,567 |
16,282 53,567 |
||||
| TOTAL EXPENDITURE | 69,849 | 69,849 | ||||
| NET SURPLUS IN FUNDS | ||||||
| BEFORE GAINS AND LOSSES ON INVESTMENTS Loss on revaluation ofinvestment assets |
11 | 66,056 (84,441) |
66,056 (84,441) |
|||
| NET MOVEMENT IN FUNDS |
(18,385) | (18,385) | ||||
| Reconciliation of Funds Total funds brought forward |
3,652,745 | 3,652,745 | ||||
| Total funds carried forward | 3,634,360 | 3,634,360 | ||||
| Restricted | Unrestricted | Total | ||||
| PRIOR YEAR | Notes | Funds 2021 |
Funds 2021 |
Funds 2021 |
||
| INCOME Donations and legacies Investment income Charitable activities |
6 | 12925 97,561 2,472 |
12,925 97,561 2,472 |
|||
| TOTAL INCOME | 112,958 | 112,958 | ||||
| EXPENDITURE Raising funds Charitable activities |
13,071 101,294 |
13,071 101,294 |
||||
| TOTAL EXPENDITURE | 114,365 | 114,365 | ||||
| NET SURPLUS IN FUNDS | ||||||
| BEFORE GAINS AND LOSSES ON INVESTMENTS Transfer between funds Gain on revaluation ofinvestment assets |
11 | (1,059) | (1,407) 1,059 259,416 |
(1,407) 259,416 |
||
| NET MOVEMENT IN FUNDS | (1,059) | 259,068 | 258,009 | |||
| Reconciliation of Funds Total funds brought forward |
1,059 | 3,393,677 | 3,394,736 | |||
| Total funds carried forward | 3,652,745 | 3,652,745 |
| BALANCE SHEET | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||||
| Notes | ||||||||||||||
| FIXED ASSETS | ||||||||||||||
| Tangible fixed assets Investments |
10 11 |
2, 160 3,559,619 |
2,433 3,597,127 |
|||||||||||
| TOTAL FIXED ASSETS | 3,561,779 | 3,599,560 | ||||||||||||
| CURRENT ASSETS | ||||||||||||||
| Debtors | 12 | 9,407 | 4,972 | |||||||||||
| Cash at bank | 77,710 | 104,496 | ||||||||||||
| TOTAL CURRENT ASSETS | 87,117 | 109,468 | ||||||||||||
| CREDITO amounts falling due |
||||||||||||||
| within one year | 13 | 14,536 | 56,283 | |||||||||||
| NET CURRENT ASSETS | 72,581 | 53,185 | ||||||||||||
| TOTAL ASSETS LESSCURRENT | LIABILITIES | 3,634,360 | 3,652,745 | |||||||||||
| THE FUNDS OFTHE CHARITY | ||||||||||||||
| Restricted Income funds Unrestricted Income funds |
14 14 |
3,634,360 | 3,652,745 | |||||||||||
| TOTAL CHARITY FUNDS | 3,634,360 | 3,652,745 | ||||||||||||
| The directors consider that the company | is entitled to exemption fiom the requirement |
to have an audit | under the provisions |
|||||||||||
| ofSection 477(I) ofthe Companies | Act | 2006. Members | have not | required | the company under Section |
476 of the | Companies | |||||||
| Act 2006, to obtain an audit for the year ended 30th June 2022. The directors acknowledge their responsibilities ensuring that the corupany keeps accounting records which comply with Section 386 and 387ofthe Companies and for preparing fmancial statements which give a true and I'air view ofthe state ofaffairs ofthe company as at |
for Act 2006 30th June |
|||||||||||||
| 2022 and ofits deficit for the year then | ended | in accordance | with the requirements of |
Section 396 and | which otherwise comply |
|||||||||
| with the requirements ofthe Act relating |
to | the financial | smtements | as far as applicable | to the company. |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f, | ||||||
| Cash used in operating | activities | 17 | (84,378) | (69,408) | |||
| Cash flows from investing | activities | ||||||
| Interest, | dividends and |
rents | received | 104,975 | 97,561 | ||
| Purchase | ofinvestments | (46,933) | (29,950) | ||||
| Purchase | fixed assets | (450) | |||||
| Net cash | provided by |
investing activities |
57,592 | 67,611 | |||
| Change | in cash and cash equivalents | in the year | (26,786) | (1,797) | |||
| Cash and cash equivalents | brought | forward | 104,496 | 106,293 | |||
| Cash and cash equivalents | carried | forward | 77,710 | 104,496 |
| VOLUNTARY INCOME | Restricted | Unrestricted | Total | Restricted | Unrestricted | Total |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| I | 6 | |||||
| Donations | 15,735 | 15,735 | 12,042 | 12,042 | ||
| Gift aid | 1,213 | 1,213 | 883 | 883 | ||
| 16,948 | 16,948 | 12,925 | 12,925 | |||
| Afi voluntary income received |
in 2022 and | 2021 was unrestricted. | ||||
| INVESTMENT INCOME | Restricted | Unrestricted | Total | Restricted | Unrestricted | Total |
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| Car park rental | 400 | 400 | 4,600 | 4,600 | ||
| Income &om investments | 31,325 | 31,325 | 30,737 | 30,737 | ||
| Rental income - residential | 73,650 | 73,650 | 62,224 | 62,224 | ||
| 105,375 | 105,375 | 97,561 | 97,561 |
| INCOME FROM CH | ARITABLE ACT | IVITIES | ||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| I | ||||||
| Hall hire | 3,259 | 3,259 | (360) | (360) | ||
| St George's PCC | 2,522 | 2,522 | 2,652 | 2,652 | ||
| Sundry income | 7,801 | 7,801 | 180 | ]80 | ||
| 13,582 | 13,582 | 2,472 | 2,472 |
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| 6 | 8 | |||||||
| Investment | property | repairs | 14,354 | 14,354 | 11,340 | 11,340 | ||
| Investment | property | light | ||||||
| &heat contracts | 1,928 | 1,928 | 1,731 | 1,731 | ||||
| 16,282 | 16,282 | 13,071 | 13,071 |
| EXPENDIT | URE ON | CHA | RITABLE A | CTIVITIES | |||||
|---|---|---|---|---|---|---|---|---|---|
| Support and | Support | and | |||||||
| Charitable | Governance | Total | Charitable | Governance | Total | ||||
| Activities | Costs | 2022 | Activities | Costs | 2021 | ||||
| Grants paid (note 7) | 2,250 | 2,250 | 9,300 | 9,300 | |||||
| Light and heat | 3,164 | 3,164 | 10,458 | 10,458 | |||||
| Rates and Council Tax | 484 | 484 | 440 | 440 | |||||
| Telephones | 457 | 457 | 1,112 | 1,112 | |||||
| Repairs | 10,713 | 10,713 | 44,236 | 44,236 | |||||
| Cleaning | 5 453 | 5,453 | 4,942 | 4,942 | |||||
| Sundry | 1,911 | 1,911 | 6,891 | 6,891 | |||||
| Minibus | 4,004 | 4,004 | 1,280 | 1,280 | |||||
| Insurance | 5,348 | 5,348 | 3,894 | 3,894 | |||||
| Depreciation | 723 | 723 | 812 | 812 | |||||
| Wages and salaries | 17,319 | 17,319 | 16,283 | 16,283 | |||||
| Bank charges | 96 | 96 | 78 | 78 | |||||
| Independent | examiners | fees | 1,645 | 1,645 | 1,568 | 1,568 | |||
| 51,922 | 1,645 | 53,567 | 99,726 | 1,568 | 101,294 |
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| 8 | 8 | 6 | |||||||
| St | George's | Pop-in | centre | 2,250 | 2,250 | 9,300 | 9,300 |
| NET INCOME FOR THE YEAR | 2022 | 2021 | ||
|---|---|---|---|---|
| This is stated after charging: | ||||
| Depreciation oftangible fixed assets: |
||||
| -owned by charity | 723 | 812 | ||
| Independent examiners fee |
1,645 | 1,568 | ||
| During the year, a trustee was reimbursed |
and | paid as a warden f492 for expenses (2021:f4, 117). | ||
| STAFF COSTS | 2022 | 2021 | ||
| Staff costs were as follows:- | ||||
| Wages and salaries | 17,319 | 16,283 | ||
| The average monthly number ofemployees |
during the year was as follows:- | |||
| 2022 | 2021 | |||
| Administrative | 2 | 2 | ||
| No employee received remuneration | amounting | to more than f60,000 in either year. |
| No employee received remuneration amounting to more |
than f60,000 in eithe | r year. | ||
|---|---|---|---|---|
| The key management personnel ofthe charity comprise |
the board ofnttstees. | The total | employee benefits |
|
| ofthe key management personnel ofthe charity was fNil. (2020:8 Nit) |
||||
| TANGIBLE FIXEDASSETS | Motor | Fixtures & | ||
| Vehicles | Fittings | Total | ||
| COST | ||||
| Balance at 1st July 2021 | 21,444 | 66,081 | 87,525 | |
| Additions | 450 | 450 | ||
| Balance at 30th June 2022 | 21,444 | 66,531 | 87,975 | |
| DEPRECIATION | ||||
| Balance at 1st July 2021 | 21,440 | 63,652 | 85,092 | |
| Charge for the year | 2 | 721 | 723 | |
| Balance at 30th June 2022 | 21,442 | 64,373 | 85,815 | |
| NET BOOK VALUE AT 30th June 2022 | 2 | 2,158 | 2,160 | |
| TANGIBLE FIXED ASSETS p~~ COST |
Motor Vehicles |
Fixtures & Fittings |
Total | |
| Balance at 1st July 2020 and at 30th June 2021 | 21,444 | 66,081 | 87,525 | |
| DEPRECIATION | ||||
| Balance at 1stJuly 2020 | 21,438 | 62,842 | 84,280 | |
| Charge for the year | 2 | 810 | 812 | |
| Balance at 30th June 2021 | 21,440 | 63,652 | 85,092 | |
| NET BOOK VALUE AT 30th June 2021 | 4 | 2,429 | 2,433 |
| FIXEDASSETINVESTMENTS | FIXEDASSETINVESTMENTS | FIXEDASSETINVESTMENTS | Investment | Other | Total |
|---|---|---|---|---|---|
| Property | Investments | 2022 | |||
| 6 | |||||
| Market value | at 1st July 2021 | 2,000,000 | 1,597,127 | 3,597,127 | |
| Additions | 46,933 | 46,933 | |||
| Revaluations | and losses | (84,441) | (84,441) | ||
| Market value | at 30th | June 2022 | 2,000,000 | 1,559,619 | 3,559,619 |
| Investments | at market | value comprise: | 2022 | ||
| Amalgamated | trust fund | 1,559,619 | |||
| 15 Dowlas Street | 650,000 | ||||
| 131Coleman | Road | 650,000 | |||
| I Newent Close | 700,000 | ||||
| 3,559,619 | |||||
| FIXEDASSETINVESTMENTS | Investment | Other | Total | ||
| PEUQ~ | Property | Investments | 2021 | ||
| Market value | at 1st July 2020 | 2,000,000 | 1,307,761 | 3,307,761 | |
| Additions | 29,950 | 29,950 | |||
| Revaluations | and losses | 259,416 | 259,416 | ||
| Market value | at 30th | June 2021 | 2,000,000 | 1,597,127 | 3,597,127 |
| Investments | at market | value comprise: | 2021 | ||
| Amalgamated | trust fund | 1,597, 127 | |||
| 15 Dowlas Street | 650,000 | ||||
| 131Coleman | Road | 650,000 | |||
| I Newent Close |
700,000 | ||||
| 3,597,127 |
| is f2,000,000 | (2021;f2,000,000). | ||
|---|---|---|---|
| DEBTORS | 2022 | 2021 | |
| f | |||
| Other debtors | 3,206 | 1,993 | |
| Prepayments | and accruals | 6,201 | 2,979 |
| 9,407 | 4,972 |
| CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING | DUE WITHIN | ONE YEAR | 2022 | 2021 | |
|---|---|---|---|---|---|---|---|
| 6 | f, | ||||||
| Other creditors | 11,856 | 53,683 | |||||
| Accruals and deferred income | 2,680 | 2,600 | |||||
| 14,536 | 56,283 | ||||||
| MOVEMENT IN | FUNDS | ||||||
| CUILRE IT YEAR: | Brought | Carried | |||||
| Forward | Income | Expenditure | Losses | Forward | |||
| Designated Funds |
|||||||
| Balmer Education | Fund | 164,904 | 3,137 | (11,856) | 156,185 | ||
| General Funds | |||||||
| General Funds | 3,487,841 | 132,768 | (69,849) | (72,585) | 3,478, 175 | ||
| Total Unrestricted | Funds | 3,652,745 | 135,905 | (69,849) | (84,441) | 3,634,360 | |
| MOVEMENT IN | FUNDS | ||||||
| P~lll RYEARl: |
Brought | Carried | |||||
| Forward | Income | Expenditure | Transfers | Gains | Forward | ||
| Designated Funds |
6 | ||||||
| Bshuer Education | Fund | 137,607 | 3,174 | 24,123 | 164,904 | ||
| General Funds | |||||||
| General Funds | 3,256,070 | 109,784 | (114,365) | 1,059 | 235,293 | 3,487,841 | |
| Total Unrestricted | Funds | 3,393,677 | 1]2,958 | (114,365) | 1,059 | 259,416 | 3,652,745 |
| Restricted Funds | |||||||
| Restricted Funds |
1,059 | (1,059) | |||||
| 3,394,736 | 112,958 | (114,365) | 259,416 | 3,652,745 |
| NOTES | TO | THE FINANCIAL STATEMENTS | THE FINANCIAL STATEMENTS | ||||
|---|---|---|---|---|---|---|---|
| 15. | ANALYSIS OF NKT ASSETSBETWEEN FUNDS C~~ YEAR |
Restricted Funds |
Unrestricted Funds |
Total Funds |
|||
| 2022 | 2022 | 2022 | |||||
| f, | |||||||
| Tangible fixed assets Fixed assets investments |
2,160 3,559,619 |
2,160 3,559,619 |
|||||
| Current assets | 87,117 | 87,117 | |||||
| Creditors due within |
one year | (14,536) | (14,536) | ||||
| 3,634,360 | 3,634,360 | ||||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | Restricted | Unrestricted | Total | ||||
| PllRYEAR'. | Funds | Funds | Funds | ||||
| 2021 | 2021 | 2021 | |||||
| 8 | |||||||
| Tangible fixed assets |
2,433 | 2,433 | |||||
| Fixed assets investments | 3,597,127 | 3,597, 127 | |||||
| Current assets | 109,468 | 109,468 | |||||
| Creditors due within |
one year | (56,283) | (56,283) | ||||
| 3,652,745 | 3,652,745 | ||||||
| 16. | RELATED PARTIES |
| (2021:89,300)was m | ade to St | George's Pop-In during the year. | George's Pop-In during the year. | George's Pop-In during the year. | George's Pop-In during the year. | George's Pop-In during the year. | |
|---|---|---|---|---|---|---|---|
| 17. | RECONCILIATION | OF NKT | MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING | ||||
| ACTIVITIES | |||||||
| 2022 | 2021 | ||||||
| Net movement in funds |
(18,385) | 258,009 | |||||
| Add back depreciation | 723 | 812 | |||||
| Deduct dividend income shown |
in investing | activities | (31,324) | (30,737) | |||
| Deduct rental income | shown in investing | activities | (73,650) | (66,824) | |||
| Deduct other investment income |
(I) | ||||||
| Deduct (gains)/losses | on investments | 84,441 | (259,416) | ||||
| (Increase)/decrease in |
debtors | (4,435) | (2,153) | ||||
| Increase/(decrease) in |
creditors | (41,747) | 30,901 | ||||
| (84,378) | (69,408) |