| P~ae | ||
|---|---|---|
| Report ofthe Trustees | 1to4 | |
| Report ofthe Independent | Auditors | 5to 8 |
| Statement ofFinancial Activities | ||
| Balance Sheet | 10 | |
| Cash flaw Statement | 11to 12 | |
| Notes to the Financial Statements | 13to 18 |
| Registered | charity number | 292027 | ||
|---|---|---|---|---|
| Registered | office | Bowland | House | |
| Philips Road | ||||
| Blackbuxn | ||||
| Lancashire | ||||
| BBI5NA | ||||
| Trustees and key management | personnel | H A Caen | CBE | |
| CFahy | ||||
| HD Turner | ||||
| Bankers | Lloyds Bank Pic | |||
| Blackburn | ||||
| Lancashire | ||||
| BB21JQ | ||||
| Auditors | Ainsworths | Limited | ||
| Chartered | Accountants | |||
| and Statutory Auditors | ||||
| Charter House | ||||
| Stansfield | Street | |||
| Nelson | ||||
| Lancashire | ||||
| BB99XY | ||||
| Stockbrokers | and investment | advisers | Redmayne-Bentley | |
| S-10Victoria Street | ||||
| Harrogate | ||||
| North Yorkshire | ||||
| HGI 1E |
| Unrestricted | Restricted | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | funds | funds | 2022 | 2021 | |||||
| f, | |||||||||
| Income | |||||||||
| Donations and legacies |
425858 | 1,000 | 426,358 | 500 | |||||
| Investment income |
16,219 | 16,219 | 20,242 | ||||||
| Total income | 441 577 | 1000 | 442 577 | 20 | 742 | ||||
| Expenditure | |||||||||
| Charitable activities |
382,197 | 1,000 | 383,19'I | 231,766 | |||||
| Total expenditure | 382 197 | 1000 | 383.197 | 231 | 766 | ||||
| Net gains/(losses) | on investments | assets | 466,459) | 466,459) | 92 | 745 | |||
| Net expenditure | and net movement | in funds | |||||||
| before taxation | 407.079 | (407079 | (118 | 79) | |||||
| Taxation | 285 | 285 | (1,522) | ||||||
| Net expenditure | and net movement | in funds | |||||||
| after taxation | (406,794) | (406,794) | (119,801) | ||||||
| Reconciliation offunds | |||||||||
| Total funds brought forwards | 3,844,406 | 3,844,406 | 3,964,207 | ||||||
| Total funds carried forwards | 3,437.612 | 3437612 | 3,844,406 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| FIXEDASSETS | ||||||
| Investments | ||||||
| Tangible assets | 173,949 | 165,999 | ||||
| 173,949 | 165,999 | |||||
| CURRENT ASSETS | ||||||
| Stock | 252,000 | |||||
| Debtors | 68,000 | 1,590,000 | ||||
| Listed investments | 1,944,808 | 2,408,730 | ||||
| Cash at bank and in hand | 1.939,099 | 98 195 | ||||
| 4,203,907 | 4,096,925 | |||||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 9 | 9411244 | 418518 | ||
| NET CURRENT ASSETS | 3,263,663 | 3,678,407 | ||||
| NET ASSETS | 3437612 | 3 844,406 | ||||
| FUNDS | ||||||
| Resnicted | ||||||
| Unrestricted | 3,437,612 | 3,844,406 | ||||
| Total | 3437612 | 3844 406 |
| Notes | 31.12.22 | 31.12.21 | ||
|---|---|---|---|---|
| Cash flows from charitable activities |
||||
| Cash generated from activities |
1 | 1,339,761 | (i,(48,989) | |
| Taxrepaid | 411 | |||
| Net cash &om charitable activities |
~840.272 | (1.148,989I | ||
| Cash flows from investing activities |
||||
| Purchase ofcurrent asset investments | (238,778) | |||
| Purchase oftangible fixed assets | (7,950) | (166,276) | ||
| Saleofcurrent asset investments | 236,241 | 1,071,902 | ||
| Interest received | 31 | 27 | ||
| Dividends received |
16,188 | 20,215 | ||
| Net cash &ozn investing activities |
5,732 | 925 868 | ||
| Cash flows from financing activities |
||||
| Loan advances received | 495,000 | |||
| Net cash from fmancing activities |
495,000 | |||
| Increase/(decrease) in cash and cash equivalents |
8840904 | (223.121) | ||
| Cash and cash equivalents at beginning |
ofyear | 98,195 | 321 316 | |
| Cash and cash equivalents at end ofyear |
2 | I 939 1199 | 98 195 |
| RECONCILIATION OFDEFICIT TO CASH GENERATED FROM ACTIVITIES |
RECONCILIATION OFDEFICIT TO CASH GENERATED FROM ACTIVITIES |
RECONCILIATION OFDEFICIT TO CASH GENERATED FROM ACTIVITIES |
RECONCILIATION OFDEFICIT TO CASH GENERATED FROM ACTIVITIES |
RECONCILIATION OFDEFICIT TO CASH GENERATED FROM ACTIVITIES |
RECONCILIATION OFDEFICIT TO CASH GENERATED FROM ACTIVITIES |
||
|---|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||||
| Net expenditure and net movement |
in funds | (40'7,079) | (118,279) | ||||
| Finance income | (16,219) | (20,242) | |||||
| Net gains on disposals ofinvestment | assets | (6,792) | (5,737) | ||||
| Net losses/(gains) on revaluation |
ofinvestcsents | assets | 473,251 | (87,008) | |||
| Depreciation and amortisation |
277 | ||||||
| Increase in stocks | (252,000) | ||||||
| Decrease/(increase) in trade and other debtors |
1,522,000 | (910,000) | |||||
| Increase/(decrease) in trade and other creditors |
26666 | (8.000 & | |||||
| Cash generated from charitable |
activities | 1 39.761 | 11 148989) | ||||
| 2. | CASH AM) CASH EQUIVALENTS | ||||||
| The amounts disclosed on the Cash | Flow Statement in respect ofcash and cash equivalents | are in respect ofthese | |||||
| Balance Sheet amounts: | |||||||
| Year ended 31"December 2022 | |||||||
| 31.12.22 | 01.01.22 | ||||||
| Cash and cash equivalents | 1.939.099 | 98,195 | |||||
| Year ended 31"December 2021 | |||||||
| 31.12.21 | 01.01.21 | ||||||
| Cash and cash equivalents | 98,195 | 321316 |
| 2. | DONATIONS AND LEGACIES |
2022 | 2021 | |
|---|---|---|---|---|
| Donations and legacies |
426,358 | 500 | ||
| 426 58 | 500 | |||
| 3. | INVESTMENT INCOME | 2022 | 2021 | |
| f | ||||
| Dividends receivable on listed investments | 16,188 | 20,215 | ||
| Interest receivable on cash atbank | 31 | 27 | ||
| 16219 | 20 | 242 | ||
| 4. | ANALYSIS OF CHARITABLE ACTIVITIES | |||
| 2022f | 2021 f |
|||
| Grants awarded | ||||
| Educational activities |
143,276 | 45,007 | ||
| Religious activities | 115433 | 100,755 | ||
| Recreational activities |
4,000 | |||
| Support for activities ofyoung people | 46,000 | 25,000 | ||
| Donations to other charities | 7500 | 10 | 236 | |
| Sub-total | 316109 | 180 | 998 | |
| Premises expenses | 1,458 | |||
| Bank charges | 60 | 60 | ||
| Depreciation | 277 | |||
| Governance cost {seenote 5) | 65,570 | 50,431 | ||
| 383197 | 231,766 |
| GOVERNANCE COSTS |
GOVERNANCE COSTS |
GOVERNANCE COSTS |
2022 | 2021 |
|---|---|---|---|---|
| f | ||||
| Legal and | professional | fees | 10,140 | 5,500 |
| Management charges |
50@30 | 34731 | ||
| Auditor's | remuneration | —audit services | 5,100 | 10,200 |
| 65570 | 50431 |
| Freehold | |||
|---|---|---|---|
| property | |||
| COST | |||
| At la January 2022 | 166,276 | ||
| Additions | 7,950 | ||
| Disposals | |||
| At 3le December 2022 | 174,226 | ||
| DEPRECIATION | |||
| At 1"January 2022 | 277 | ||
| Charge for the year | |||
| Eliminated on disposal |
|||
| At 31"December 2022 | 277 | ||
| NET BOOK VALUE | |||
| At 31"December 2022 | 173,949 | ||
| At 31"December 2021 | 165,999 | ||
| DEBTORS | 2022f | 2021 | |
| Amounts falling due within one year: |
|||
| Trade debtors | |||
| Amounts owed by associated undertakings |
68,000 | 1,590,000 | |
| Prepayments | |||
| 68000 | 1,590000 | ||
| 8. | LISTED INVESTMENTS | 2022 | 2021 |
| f | |||
| Market value at beginning ofyear | 2,408,730 | 3,323,652 | |
| Additions during the year |
238,778 | ||
| Disposals during the year |
(236,241) | (1,007,667) | |
| Net (Ious)lgain on revaluation | (466,459) | 92,745 | |
| Market value at end ofyear | I 944 808 | 2408730 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2022 | 2021 | |
| Other loans | 795s000 | 300,000 | |
| Accruals | 71,000 | 44,400 | |
| Social security and other taxes | 74,244 | 74,118 | |
| 940,244 | 418518 |
| ANALYSIS | OFNET | ASSET | S BET | WEEN FUNDS | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||||||
| restricted | unrestricted | Total | funds | Total funds | ||||||||
| fundsf | funds | 2022f | 202)f | |||||||||
| Fixed assets | 173,949 | 173,949 | 165,999 | |||||||||
| Current assets | 4,203,907 | 4,203,907 | 4,096,925 | |||||||||
| Current liabilities | (940,244) | (940,244) | (418,518) | |||||||||
| 3437 | 612 | 3437 | 612 | 3,844406 | ||||||||
| MOVEMENT IN FUNDS | ||||||||||||
| Net | Transfers | |||||||||||
| movement | in | between | ||||||||||
| At 1.1.22 | funds | fuads | At31.12.22 | |||||||||
| f | ||||||||||||
| Restricted funds | ||||||||||||
| Unrestricted | funds: | |||||||||||
| General | 1,046,961 | (361,438) | (307,084) | 378,439 | ||||||||
| Capital | 100 | 100 | ||||||||||
| Designated: | ||||||||||||
| Grants payable | 2,797445 | (45856) | 307,084 | 3,059,073 | ||||||||
| 3,844 | 406 | (406.794) | 3437612 | |||||||||
| Net movement | in funds, | included | in the | above are as follows: | ||||||||
| Revaluations | and | Taxation | ||||||||||
| Incoming | Resources | gains | oa disposal of | Net | movement in |
|||||||
| resources | expended | investments | funds | |||||||||
| Restricted funds | 1,000 | (1,000) | ||||||||||
| Unrestricted | funds: | |||||||||||
| General | 441,577 | (336,841) | (466,459) | 285 | (361,438) | |||||||
| Capital | ||||||||||||
| Designated: | ||||||||||||
| Grants payable | (45456) | (45456) | ||||||||||
| Total | 442 577 | (383197) | 466,459) | 285 | (406.794) |