2022-04-05-accounts

PARHAM PARK TRUST (1984) ANNUAL REP()RT AND FINANCIAL STATEMENT& FOR THE YEAR ENDF.D 5 APRIL 2022

		Page
Trustees' Annual Report		1-5
Independent Auditor's	Report	6-7
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement		10
Schedule ofInvestments and Income
Notes to the Financial	Statements	12 - 19

			FOR THE Y	EAR ENDED	5APRIL 2022
					2022	2022	2021
				Note	Unrestricted	Total	Prior year
					funds	funds	total funds
Income from:
Investments					678,631	678,631	635,666
Total					678,631	678,631	635,666
Expenditure on:
Raising funds					364,929	364,929	269,109
Charitable activities					697,027	697,027	620,608
Total					1,061,956	1,061,956	889,717
Net income/(expenditure)					(383,325)	(383,325)	(254,051)
Gains/(losses)	on investment		assets	10	639,869	639,869	2,594,575
Net movement	in funds				256,544	256,544	2,340,524
Reconciliation	offunds:
Total funds brought		forward			35,992,227	35,992,227	33,651,703
Total funds carried		forward			36,248,771	36,248,771	35,992,227

		BALANCESHEET
		AS AT 5APRIL 2022
			Note	2022	2021
				Total	Prior year
				funds	funds
				g
Fixed Assets:
Heritage assets			11	17,337,004	17,273,835
Investment property			12	6,373,692	6,372,252
Investments			10	12,527,427	12,362,094
Total Fixed Assets				36,238,123	36,008,181
Current Assets:
Debtors			14	207,830	94,676
Cash at bank			15	652,139	451,038
Total Current Assets				859,969	545,714
Liabilities:
Creditors: Amounts	falling due within	one year	16	(849,321)	(561,668)
Net Current Assets	or Liabilities			10,648	(15,954)
Total Net Assets or	Liabilities			36,248,771	35,992,227
The Funds ofthe Charity:
Unrestricted funds				36,248,771	35,992,227
Total Charity Funds				36,248,771	35,992,227

	F	OR THE		YE	AR ENDED 5A	PRIL 2022
						Note	2022	2021
							Total	Prior year
							funds	funds
							g	8
Cash generate from operating		activities:
Net cash provided by (used in) operating			activities			19	(887,457)	(714,937)
Cash flows from other	sources:
Dividends, interest and	rents from investments						678,631	635,666
Proceeds from sale ofproperty,		chattels, plant			and equipment		15,651
Proceeds from sale ofinvestment							474,536	299,272
							1,168,818	934,938
Application ofcash:
Purchase ofproperty, plant and		equipment					(80,260)	(7,610)
							(80,260)	(7,610)
Net increase/(decrease)	in cash						201,101	212,391
Cash at bank and in hand less		overdrafts		at	the beginning		451,038	238,647
ofthe year
Cash at bank and in	hand less overdrafts				at year end	20	652,139	451,038

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				F	ORTHE YEAR	ENDED 5APRIL 2022
4.	Investment	income					2022	2021
							8
	Income from		investments				99,838	111,905
	Gross interest						28
	Rent from	Business Centre					567,365	512,611
	Rent from	22 Cootham		Green			11,400	11,150
							678,631	635,666
5.	Expenditure		on raising	funds			2022	2021
								8
	Expenditure		at Business	Centre			358,357	262,841
	Investment	management		fees			6,219	4,529
	Expenditure		at 22 Cootham		Green		353	1,739
							364,929	269,109
6.	Charitable	activities				Direct	Support
						costs	costs
						(see note 7)	(see note 8)	Total
								g
	Charitable	expenditure				651,379	45,648	697,027

The Charity		undertook	undertook	no	direct	direct	charitable	charitable	activities	but	awarded	grants	grants	to two	institutions in
furtherance	ofits charitable				objectives. These				are as follows:
Parham Park		Limited													651,047
Red Squirrel		Survival	Trust												332
Total for the year															651,379
Analysis of	grants made										Grants to		Grants to
											institutions		individuals		Total
															8
Advancement		ofthe	arts,	culture,			heritage	or	science		651,047				651,047
Advancement		ofenvironmental				protection		or	improvement		332				332
											651,379				651,379

Support costs					2022	2021
Administration	expenses				38,552	37,606
Bank charges						4
Legal Entity Identification			number	fee	74	70
Portfolio Stewardship		fees			7,022	7,767
					45,648	45,447

10.	Fixed asset investments	Fixed asset investments	Fixed asset investments	2022	2021
	Market value	brought	forward	12,362,094	10,066,791
	Additions
	Less disposal	proceeds		(474,536)	(299,272)
	Net gains/(losses) on investments			639,869	2,594,575
	Market value	carried forward		12,527,427	12,362,094
	Geographical	analysis		2022	2021
					g
	United Kingdom investments			12,472,835	12,280,536
	Overseas investments			54,592	81,558
				12,527,427	12,362,094

	FOR THE Y	EAR ENDED 5	APRIL 2022
11.Heritage Assets		Parham	Parham
		Estate	Chattels	2022	2021
			8	8
Cost or valuation	at 6April 2021	4,634,104	12,639,731	17,273,835	17,273,435
Additions			78,820	78,820	400
Less disposal proceeds		15,651
Cost or valuation	at 5 April 2022	4,618,453	12,718,551	17,337,004	17,273,835

12.	Investment	Property	Northwick
			Business	22 Cootham
			Centre	Green	2022	2021
			8	g
	Fair Value	at 6 April 2021	6,092,252	280,000	6,372,252	6,365,042
	Additions		1,440		1,440	7,210
	Revaluation
	Fair Value	at 5 April 2022	6,093,692	280,000	6,373,692	6,372,252
	Cost at 5 April 2022		797,383	294,375	1,091,758	1,090,318

14.	Debtors					2022	2021
	Trade debtors					134,813	104,755
	Provision for bad debts					(24,656)	(19,774)
	Tenants deposit held					7,473	7,473
	Prepayments and accrued income					68,120
	Northwick Business	Centre				19,988
	Administration Expenses					2,092	2,222
						207,830	94,676
15.	Cash at bank					2022	2021
	Royal Bank ofScotland pic					162,946	88,141
	Schroder &Co Limited					315,974	269,478
	Perdix					173,059	93,419
	Northwick Business	Centre				160
						652,139	451,038
16.	Creditors: Amounts	falling due within		one year		2022	2021
	Trade creditors					49,868	24,639
	Tenants deposit due					7,473	7,473
	Accruals and deferred		income			16,998	5,711
	Investment management		fees			1,207	70
	Grants to Institutions					773,775	523,775
						849,321	561,668
17.	Commitments made				Annual	Number	Total
					value	ofyears
	No conditions attached:
	Parham Park Limited				n/a	n/a	773,775
							773,775

			FOR	THE Y	EAR	E	NDED 5A	PRIL 2022
18.	Movement in funds								2022	2021
									8	8
	Unrestricted funds:
	Balance brought forward								35,992,227	33,651,703
	Net movement in funds								256,544	2,340,524
	Balance carried forward								36,248,771	35,992,227
	Net movement in funds included			in the above		are as follows:
									Gains and	Movement
							Income	Outgoings	losses	in funds
								8
	Unrestricted funds						678,631	(1,061,956)	639,869	256,544
19.	Reconciliation ofnet income/(expenditure)					to	net		2022	2021
	cash flow from Operating		Activities
	Net income/(expenditure)		(as per	the Statement of					(383,325)	(254,051)
	Financial Activities)
	Adjustments for:
	Dividends, interest	and rent from investments							(678,631)	(635,666)
	(Increase)/decrease	in debtors							(113,154)	5,804
	Increase/(decrease)	in creditors							287,653	168,976
	Net cash provided by/(used		in) Operating		Activities				(887,457)	(714,937)
20.	Analysis ofcash at	bank	and in	hand less overdrafts					2022	2021
	Cash at bank and in	hand							652,139	451,038
	Overdrails included	in bank loans		and overdrafls			falling
	due within one year
									652,139	451,038