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