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