2023-04-05-accounts

PARHAM PARK TRUST (1984) ANNUAL REPORT A]YD FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

		Page
Trustees' Annual Report		1-4
Independent Auditor's	Report	5-6
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement
Schedule ofInvestments and Income		10
Notes to the Financial	Statements	ll - 17

					2023	2023	2022
				Note	Unrestricted	Total	Prior year
					funds	funds	total funds
							g
Income from:
Investments					749,548	749,548	678,631
Total					749,548	749,548	678,631
Expenditure	on;
Raising funds					510,006	510,006	364,929
Charitable activities					315,929	315,929	697,028
Total					825,935	825,935	1,061,957
Net income/(expenditure)					(76,387)	(76,387)	(383,326)
Other recognised		gains/(losses):
Gains/(losses)	on investment		assets	10	(600,764)	(600,764)	639,869
Net movement	in funds				(677,151)	(677,151)	256,543
Reconciliation	offunds:
Total funds brought		forward		18	36,248,770	36,248,770	35,992,227
Total funds carried forward					35,571,619	35,571,619	36,248,770

			Note	2023	2022
				Total	Prior year
				funds	funds
				g
Fixed Assets:
Heritage assets			11	17,348,254	17,337,004
Investment property			12	6,441,435	6,373,692
Investments			10	11,691,225	12,527,427
Total Fixed Assets				35,480,914	36,238,123
Current Assets:
Debtors			14	100,736	207,830
Cash at bank			15	558,624	652,138
Total Current	Assets			659,360	859,968
Liabilities:
Creditors: Amounts		falling due within one year	16	(568,655)	(849,321)
Net Current Assets		or Liabilities		90,705	10,647
Total Net Assets or		Liabilities		35,571,619	36,248,770
The Funds of	the Charity:
Unrestricted funds			18	35,571,619	36,248,770
Total Charity	Funds			35,571,619	36,248,770

					Note	2023	2022
						Total	Prior year
						funds	funds
Cash generate from	operating	activities:
Net cash provided by	(used in) operating		activities		19	(1,009,158)	(887,458)
Cash flows from other sources:
Dividends, interest and rents from investments						749,548	678,631
Proceeds from sale ofproperty,		chattels,	plant and equipment				15,651
Proceeds from sale ofinvestment						235,438	474,536
						984,986	1,168,818
Application ofcash:
Purchase ofproperty,	plant and	equipment				(69,342)	(80,260)
						(69,342)	(80,260)
Nct increase/(decrease) in cash						93,514	201,100
Cash at bank and in hand less overdrafts			at	the beginning		652,138	451,038
ofthe year
Cash at bank and in	hand less	overdrafts		at year end	20	5511,624	652,138

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4	Investment	income		2023	2022
				g
	Income fiom investments			117,685	99,838
	Gross interest			8,399	28
	Rent from Business Centre			610,305	567,365
	Rent from 22 Cootham		Green	13,159	11,400
				749,548	678,()31
5	Expenditure	on raising	funds	2023	2022
	Expenditure	at Business	Centre	504,297	358,357
	Investment	managenient	fees	4,622	6,219
	Expenditure	at 22 Cooiham Green		1,087	353
				510,006	364,929

6	Charitable	aetivitics
			Direct costs	Support costs	2023	2022
			(see note 7)	(see note 8)	Total	Total
			8
	Charitable	expenditure	268,298	47,631	315,929	697,028

Analysis ofgr	ants	made
				Grants to	Grants to
				institutions	individuals	Total
				8
Advancement	ofthe	arts, culture, heritage or science		268,298		268,298
				268,298		268,298
Support costs					2023	2022
Administration	expenses				40,870	38,552
Bank charges					24	1
Gifts					250
Legal Entity Identification			number fee			74
Portfolio Stewardship		fees			6,487	7,022
					47,631	45,649

Fixed asset investments	2023	2022
Market value brought forward	12,527,427	12,362,094
Additions
Less disposal proceeds	(235,438)	(474,536)
Nct gains/(losses) on investments	(600,764)	639,869
Market value carried forward	11,691,225	12,527,427

Fixed asset investments	(continued)
Geographical analysis		2023	2022
United Kingdom investments		11,639,655	12,472,835
Overseas investments		51,570	54,592
		11,691,225	12,527,427

Heritage Assets		Parham	Parham
		Estate	Chattels	2023	2022
		8
Cost or valuation	at 6April 2022	4,618,453	12,718,551	17,337,004	17,273,835
Additions			11,250	11,250	78,820
Less disposal proceeds					15,651
Cost or valuation	at 5 April 2023	4,618,453	12,729,801	17,348,254	17,337,004

Investment	Property	Property	Northwick
			Business	22 Cootham
			Centre	Green	2023	2022
			8		8	8
Fair value at 6April 2022			6,093,692	280,000	6,373,692	6,372,252
Additions			67,743		67,743	1,440
Revaluation
Fair value at 5April 2023			6,161,435	280,000	6,441,435	6,373,692
Cost or valuation		at 5 April 2023	865,126	294,375	1,159,501	1,091,758

Debtors			2023	2022
Trade debtors			93,815	134,813
Provision for bad debts			(28,910)	(24,656)
Tenants deposit held			7,473	7,473
Prepaymmits and accrued	income		3,370	68,120
Adminisiraiion Expenses				2,092
Northwick Business Centre			24,988	19,988
			100,736	207,830
Cash at bank			2023	2022
Royal Bank ofScotland			47,046	162,945
Schroder &Co			472,794	315,974
Perdix			38,292	173,059
Northwick Business Centre			492	160
			558,624	652,138
Creditors: Amounts falling due within		one year	2023	2022
Administration Expenses			406
Trade creditors			25,016	49,868
Tenants deposit due			7,473	7,473
Accruals and deferred income			18,148	16,998
Investnient management	fees		7,612	1,207
Grants to Institutions			510,000	773,775
			568,655	849.321

												(Continued)
17	Commitments made							Annual		value	Number	Total
											ofyears
	No conditions attached;
	Parham Park Limited									n/a	n/a	510,000
												510,000
18	Movement in funds										2023	2022
											8	8
	Unrestricted funds:
	Balance brought forward										36,248,770	35,992,227
	14et movement in funds										(677,151)	256,543
	Balance carried forward										35,571,619	36,248,770
	Net movement in funds included			in the above are as follows:
											Gains and	Movement
								Income	Outgoings		losses	in funds
	Unrestricted Funds							748,461	(824,848)		(600,764)	(677,151)
19	Reconciliation of net income/(expenditure)					to net cash tlow		from Operating	Activities
											2023	2022
												8
	Net income/(expenditure)	(as per		the Statement ofFinancial Activities)							(76,387)	(383,326)
	Adjustments for:
	Dividends, interest	and rent from			investments						(749,548)	(678,631)
	(Increase)/decrease	in	debtors								107,094	(113,154)
	Increase/(decrease)	in	creditors								(280,666)	287,653
	Net cash provided by/(used		in) Operating		Activities						(999,507)	(887,458)
20	Analysis ofcash at bank	and in		hand less overdrafts
											2023	2022
												8
	Cash at bank and in hand										558,624	652,138
	Overdrafts included in bank		loans	and overdrafts			due within one year
											558,624	652,138