| Page | |
|---|---|
| Reference and administrative details ofthe Charity, its Trustees and advisers | 1 |
| Trustees' report | 2-5 |
| Independent examiner's report | 6 |
| Statement offinancial activities | 7 |
| Balance sheet | 8 |
| Statement ofcash flows | 9 |
| Notes to the financial statements | 10-19 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2024 | 2024 | 2023 | ||
| Note | £ | £ | £ | |
| Income from: | ||||
| Donations and legacies | 3 | 493,122 | 493,122 | 153,904 |
| Investments | 4 | 150,676 | 150,676 | 151,991 |
| Other income | 5 | 112,715 | 112,715 | 164,848 |
| Total income | 756,513 | 756,513 | 470,743 | |
| Expenditure on: | ||||
| Charitable activities | 6 | 473,498 | 473,498 | 539,368 |
| Total expenditure | 473,498 | 473,498 | 539,368 | |
| Net income/(expenditure) before net gains on investments |
283,015 | 283,015 | (68,625) | |
| Net gains on investments | 872 | 872 | 4,397 | |
| Net movement in funds | 283,887 | 283,887 | (64,228) | |
| Reconciliation offunds: | ||||
| Total funds brought forward | 2,313,887 | 2,313,887 | 2,378,115 | |
| Net movement in funds | 283,887 | 283,887 | (64,228) | |
| Total funds carried forward | 2,597,774 | 2,597,774 | 2,313,887 |
| 29 February 2024 |
28 February 2023 |
|||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixed assets | ||||||
| Tangibie assets | 8 | 2,181,506 | 1,691,506 | |||
| Investments | 9 | 470,090 | 476,568 | |||
| 2,651,596 | 2,168,074 | |||||
| Current assets | ||||||
| Debtors | 10 | 53,585 | 228,472 | |||
| Cash at bank and in hand | 106,830 | 80,180 | ||||
| 160,415 | 308,662 | |||||
| Creditors: amounts falling due within one year | 11 | (127,562) | (65,997 | |||
| Net current assets | 32,853 | 242,665 | ||||
| Total assets less current liabilities | 2,684,449 | 2,410,739 | ||||
| Creditors: amounts falling due after more than | ||||||
| one year | 12 | (86,675) | (96,852) | |||
| Total net assets | 2,597,774 | 2,313,887 | ||||
| Charity funds | ||||||
| Unrestricted funds | ||||||
| General funds | 13 | 1,363,661 | 1,079,774 | |||
| Revaluation reserve | 1,234,113 | 1,234,113 | ||||
| Total unrestricted funds | 13 | 2,597,774 | 2,313,887 | |||
| Total funds | 2,597,774 | 2,313,887 | ||||
| The fipantial state | nts were approved and authorised for | issue by the Trustees and signed on | their behalf by: | |||
| ter - MrR |
stee | Mr*J F | D Hoy - Trustee |
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net cash used in operating activities | 15 | 30,158 | (58,832 |
| Cash flows from investing activities | |||
| Movement of investments | 6,478 | 51,651 | |
| Net cash provided byinvesting activities | 6,478 | 51,651 | |
| Cash flows from financing activities | |||
| Movement on borrowing | (9,996) | (10,000) | |
| Net cash used in financing activities | (9,996) | (10,000) | |
| Change in cash and cash equivalents in the year | 26,640 | (17,181) | |
| Cash and cash equivalents at the beginning of the year | 80,190 | 97,371 | |
| Cash and cash equivalents at the end ofthe year | 16 | 106,830 | 80,190 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Donations | 493,122 | 493,122 | 150,855 |
| Grants | 3,049 | ||
| 483,122 | 493,122 | 153,904 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Rents received | 135,298 | 135,298 | 129,003 |
| Income from local listed investments | 15,378 | 15,378 | 22,988 |
| 150,676 | 150,676 | 151,991 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2024 | 2024 | 2023 | ||||
| £ | £ | £ | ||||
| income | from | house | opening | 112,715 | 112,715 | 164,848 |
| Charitable activities |
Support costs |
Total funds |
Total funds |
|
|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Garden upkeeps | 120,446 | 120,446 | 112,762 | |
| House maintenance | 82,084 | 82,084 | 83,957 | |
| Building and contents insurance | 33,729 | 33,729 | 38,892 | |
| Management overheads | 47,493 | 47,493 | 82,472 | |
| Education programme and direct trust costs | 35,051 | 35,051 | 33,544 | |
| Strategic repairs | 114,850 | 114,850 | 146,645 | |
| Investment managers fee | 2,855 | 2,855 | 3,007 | |
| Professional fees | 21,722 | 21,722 | 22,959 | |
| Sundry expenses | 3,012 | 3,012 | 2,245 | |
| Accountancy fees | 4,600 | 4,600 | 5,640 | |
| Interest payable on loan | 6,367 | 6,367 | 5,956 | |
| Trustees' indemnity insurance | 1,289 | 1,289 | 1,289 | |
| 433,653 | 39,845 | 473,498 | 539,368 | |
| Total 2023 | 498,272 | 41,096 | 539,368 |
| Freehold | Long-term leasehold |
Otherfixed | |||
|---|---|---|---|---|---|
| property | property | assets | Total | ||
| £ | £ | £ | £ | ||
| Cost or valuation | |||||
| At | 1 March 2023 | 900,000 | 775,000 | 16,506 | 1,691,506 |
| Additions | 490,000 | 490,000 | |||
| At | 29 February 2024 | 1,390,000 | 775,000 | 16,506 | 2,181,506 |
| Net book value | |||||
| At | 29 February 2024 | 1,390,000 | 775,000 | 16,506 | 2,181,506 |
| At | 28 February 2023 | $00,000 | 775,000 | 16,506 | 1,691,506 |
| Listed | Unlisted | ||
|---|---|---|---|
| investments | investments | Total | |
| £ | £ | £ | |
| Cost orvaluation | |||
| At 1 March 2023 |
476,489 | 79 | 476,568 |
| Additions | 16,208 | 16,208 | |
| Disposals | (23,852) | (23,852) | |
| Revaluations | 1,166 | 1,166 | |
| At 29 February 2024 | 470,011 | 79 | 470,090 |
| Net book value | |||
| At 28 February 2024 | 470,011 | 79 | 470,090 |
| At 28 February 2023 | 476,489 | 79 | 476,568 |
| 29 February 2024 |
28 February 2023 |
|
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Trade debtors | 178,185 | |
| Other debtors | 19,067 | 26,775 |
| Prepayments and accrued income | 34,518 | 23,512 |
| 53,585 | 228,472 |
| 29 February 2024 |
28 February 2023 |
|
|---|---|---|
| £ | £ | |
| Bank loans | 10,829 | 10,648 |
| Trade creditors | 9,917 | 2,580 |
| Other creditors | 102,991 | 31,375 |
| Accruals and deferred income | 3,825 | 21,394 |
| 127,562 | 65,997 |
| 29 | February 2024 |
28 | February 2023 |
||
|---|---|---|---|---|---|
| £ | £ | ||||
| Bank | loans | 16,675 | 26,852 | ||
| Other | creditors | 70,000 | 70,000 | ||
| 86,675 | 96,852 |
| Balance at 29 | |||||
|---|---|---|---|---|---|
| Balance at 1 March 2023 |
income | Expenditure | Gains/ (Losses) |
February 2024 |
|
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds | 1,079,774 | 756,513 | (473,498) | 872 | 1,363,661 |
| Revaluation reserve | 1,234,113 | 1,234,113 | |||
| 2,313,887 | 756,513 | (473,498) | 872 | 2,597,774 | |
| Statement offunds - prior year |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 March 2022 £ |
Income £ |
Expenditure £ |
Transfers in/out £ |
28 February 2023 £ |
|
| Unrestricted funds | |||||
| General Funds | 1,144,002 | 470,743 | (539,368) | 4,397 | 1,079,774 |
| Revaluation reserve | 1,234,113 | 1,234,113 | |||
| 2,378,115 | 470,743 | (539,368) | 4,397 | 2,313,887 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 29 February 2024 |
29 February 2024 |
|
| £ | £ | |
| Tangible fixed assets | 2,181,506 | 2,181,506 |
| Fixed asset investments | 470,090 | 470,090 |
| Current assets | 160,415 | 160,415 |
| Creditors due within one year | (127,562) | (127,562) |
| Creditors due in more than one year | (86,675) | (86,675) |
| Total | 2,597,774 | 2,597,774 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 28 February 2023 |
28 February 2023 |
|
| £ | £ | |
| Tangible fixed assets | 1,691,506 | 1,691,506 |
| Fixed asset investments | 476,568 | 476,568 |
| Current assets | 308,662 | 308,662 |
| Creditors due within one year | (65,997) | (65,997 |
| Creditors due in more than one year | (96,852) | (96,852 |
| Ttl | 2,313,887 | 2,313,887 |
| 29 February 2024 |
28 February 2023 |
|
|---|---|---|
| £ | £ | |
| Net income/expenditure for the period (as per Statement of Financial Activities) | 283,887 | (64,228 |
| Adjustments for: | ||
| Decrease in debtors | 174,887 | 36,323 |
| Increase/(decrease) in creditors | 61,384 | (30,927) |
| Non cash item | (490,000) | |
| Net cash provided by/(used in) operating activities | 30,158 | (58,832) |
| 29 February 2024 |
28 February 2023 |
||
|---|---|---|---|
| £ | £ | ||
| Cash | in hand | 106,830 | 80,190 |
| Total | cash and cash equivalents | 106,830 | 80,190 |
| At 29 | ||||||
|---|---|---|---|---|---|---|
| At 1 March 2023 |
Cash flows | February 2024 |
||||
| £ | £ | |||||
| £ | ||||||
| Cash | at bank and in hand | 80,190 | 26,640 | 106,830 | ||
| Debt | due within | 1 year | (10,648) | (181) | (10,829) | |
| Debt | due after | 1 | year | (26,852) | 10,177 | (16,675) |
| 42,690 | 36,636 | 79,326 |