Charity registration number 292201
GRAND ORDER OF WATER RATS CHARITIES FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
GRAND ORDER OF WATER RATS CHARITIES FUND
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Charity number
Independent examiner
Mr C Emmett Mr K Kaye Mr R W Wakeman Mr D Brock
Mr R Gauntlett
292201
RDP Newmans LLP Lynwood House 373-375 Station Road Harrow Middlesex HA1 2AW
(Appointed 10 October 2021) (Appointed 10 October 2021)
GRAND ORDER OF WATER RATS CHARITIES FUND
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Statement of trustees' responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 17 |
GRAND ORDER OF WATER RATS CHARITIES FUND
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charitable objects of the Grand Order of Water Rats Charities Fund are given below and are taken from the charity's governing document as follows:
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To relieve or assist in the relief of poor or necessitous members of the Grand Order of Water Rats and their widows and also such persons engaged as theatrical entertainers and their dependents.
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To support or assist any other charitable organisation connected with or calculated to benefit theatrical entertainers and their dependents.
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To relieve or assist in the relief of distress, poverty or famine in any part of the world.
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To relieve or assist in the relief of sickness amongst individuals in particular, by the provision of equipment in hospitals and to out patients.
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To promote other charitable purposes in particular, by making donations to nationwide fundraising appeals in support of such purposes.
There have been no changes in the objectives of the charity during the year.
To meet these objectives the Charity aims to:
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Help members of the theatrical profession, or their dependents, who due to old age or ill health are in need.
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Help other charitable organisations and individuals if there are sufficient funds available.
The main activities are; conducting fund raising functions, Lodge tours organised by members of the Grand Order of Water Rats together with investment income, rent and donations
To assess whether these objectives have been achieved, the Trustees meet periodically to discuss and assimilate the various requests for help, review the amount of monies received for charitable purposes and remit funds accordingly.
In this context the trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission in relation to the activities being for the public benefit , as well as , the Equalities Act 2010 when reviewing the Charity's aims and objectives and in planning future activities .
Achievements and performance
The results for the year are set out in the Statement of Financial Activities on page 6 .
The charity usually receives its income from profits gained from fund raising functions, Obviously this year we were unable to do that. With functions nor Lodge tours able to go ahead, our income reduced quite considerably. Last year, we also had to give our tenant at the pub a period without paying rent. However the tenant is now paying full rent again.We also received little income from our investments.
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GRAND ORDER OF WATER RATS CHARITIES FUND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Financial review
The trustees consider the performance of the charity during the year to be satisfactory. During the year the charity received income of £ 128,456 (20 20 : £ 369,436 ). Charitable expenditure on charitable activities totalled £ 189,566 (20 20 : £1 23,915 ). There were also net gains on investments of £ 26,625 (20 20 : net loss £ 53,365 )
In the year under review total unrestricted fund balance , after adjusting for revaluation reserve, de creased to £1, 504,539 (20 20 : £1, 567 , 657 ). The restricted fund amounted to £300,000 as at the balance sheet date for use of Water Rats at Brinsworth House, an old age home. The trustees consider the fund balance s to be adequate.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to at least approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained above this level throughout the year. At the balance sheet date, General unrestricted funds amounted to £1,511,682 (20 20 : £1, 5 48,176 ) . The Trustees review this policy at regular meetings throughout the year.
Grant making policy
The Trustees require written requests for assistance. Grants, both one-off and regular, can be made to members of the theatrical profession and their dependents. To qualify, a professional must have been a performer for a minimum of seven years in the theatrical profession. The Trustees do not make grants for student's fees or for education. Nor do they make grants to cover debts incurred by credit card usage, bank loans or overdrafts or for local or national taxes. From time to time the Trustees may also grant a one-off payment to organisations or individuals who the Trustees feel are in need of assistance. The Trustees review this policy at regular meetings throughout the year .
Investment policy
In accordance with the trust deed, the trustees have the power to invest in such stocks, shares, investments and property in the UK as they see fit. The Trustees engaged an investment group as investment managers. The policy is to adopt a medium risk investment strategy based on maximising income within this strategy. No specific income target was set, but overall a return of approximately 4.7% (2020: 4. 5 %) was achieved on the market value of the value of the investments held. The market value of the investments held at the balance sheet date was £378,421 ( 2020: £3 38 , 564 ).
Risk management
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
Grand Order of Water Rats Charities Fund is an unincorporated registered charity (Charity number 292201). The Charity was established by a charitable trust deed dated 8 May 1985 and amended by resolution dated 18 July 1999. The trusts' legal and administrative details are set out on page 1.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr C Emmett
Mr K Kaye Mr C McDevitt (Resigned 21 September 2021) Mr R W Wakeman Mr D Brock (Appointed 10 October 2021) Mr R Gauntlett (Appointed 10 October 2021)
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GRAND ORDER OF WATER RATS CHARITIES FUND
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Organisational structure
The board of trustees is the governing body which administers the charity. All major decisions are made by the board which meets regularly to discuss , and consider appeals and requests for assistance and other matters placed before them. The trustees also formulate policy and to decide on strategy. A scheme of delegation is in place and day to day responsibility for the affairs of the Charity rests with the Trustees equally.
The trustees are elected at the annual general meeting in line with the charity's policy.
None of the trustees has any beneficial interest in the c harity .
Trustee induction and training
Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authori s ed to appoint new Trustees to fill vacancies arising through resignation or death of an existing Trustee. Any new trustees are, upon appointment, fully briefed and trained by the existing committee and made aware of their responsibilities and duties.
The trustees wish to record their thanks to many other theatrical and musical charities with whom they have worked during the past year. The trustees also wish to record their gratitude to all members of the order who have worked on behalf of the charity.
The trustees' r eport was approved by the Board of Trustees.
Mr C Emmett
Trustee
11 September 2022
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GRAND ORDER OF WATER RATS CHARITIES FUND
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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GRAND ORDER OF WATER RATS CHARITIES FUND
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GRAND ORDER OF WATER RATS CHARITIES FUND
I report to the trustees on my examination of the financial statements of Grand Order of Water Rats Charities Fund (the charity) for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
The charity’s trustee considers that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the applicable Directions given by the Charity Commission ( under section 145(5)(b) of the Act ) , and
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to state whether particular matters have come to my attention
My examination was carried out in accordance with general Directions given by the Charity Commission. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr Lyndon Perez FCA RDP Newmans LLP
Lynwood House 373-375 Station Road Harrow Middlesex HA1 2AW
Dated: 20 September 2022
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GRAND ORDER OF WATER RATS CHARITIES FUND
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income and endowments from: Donations and legacies 3 4,110 - Investments 4 124,055 - Other income 5 291 - Total income 128,456 - Expenditure on: Charitable activities 6 191,541 - Other 10 34 - Total expenditure 191,575 - Net gains/(losses) on investments 11 26,625 - Net movement in funds (36,494) - Fund balances at 1 January 2021 1,548,176 300,000 Fund balances at 31 December 2021 1,511,682 300,000 |
Total Unrestricted Restricted funds funds 2021 2020 2020 £ £ £ 4,110 2,607 300,000 124,055 64,286 - 291 2,543 - 128,456 69,436 300,000 191,541 123,888 - 34 27 - 191,575 123,915 - 26,625 (53,365) - (36,494) (107,844) 300,000 1,848,176 1,656,020 - 1,811,682 1,548,176 300,000 |
Total 2020 £ 302,607 64,286 2,543 369,436 123,888 27 123,915 (53,365) 192,156 1,656,020 1,848,176 |
|---|---|---|
| Donations and legacies 3 Investments 4 Other income 5 Total income Expenditure on: Charitable activities 6 Other 10 Total expenditure Net gains/(losses) on investments 11 Net movement in funds Fund balances at 1 January 2021 Fund balances at 31 December 2021 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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GRAND ORDER OF WATER RATS CHARITIES FUND
BALANCE SHEET
AS AT 31 DECEMBER 2021
| Notes Fixed assets Tangible assets 12 Investments 13 Current assets Stocks 15 Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds General unrestricted funds Revaluation reserve |
2021 £ £ 1,212,215 378,421 1,590,636 1,913 9,554 241,463 252,930 (31,884) 221,046 1,811,682 300,000 1,504,539 7,143 1,511,682 1,811,682 |
2020 £ £ 1,211,889 338,564 1,550,453 - 56,219 278,319 334,538 (36,815) 297,723 1,848,176 300,000 1,567,657 (19,481) 1,548,176 1,848,176 |
|---|---|---|
The financial statements were approved by the Trustees on 11 September 2022
Mr K Kaye Trustee
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
Charity information
Grand Order of Water Rats Charities Fund is a registered charity (charity number 292201) . The charity was established by a charitable trust deed on 8 May 1985 and amended by resolution dated 18 July 1999.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable.
Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities include both the direct and support costs relating to these activities.
Governance costs are the central running costs of the charity including legal and regulatory compliance and strategic management of the charity.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Not depreciated Fixtures and fittings 20% reducing balance method.
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell . Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.13 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| UnrestrictedUnrestricted Restricted funds funds funds 2021 2020 2020 £ £ £ Donations and gifts 4,110 2,607 300,000 Investments Unrestricted funds 2021 £ Rental income 106,000 Investment income 17,877 Interest receivable 178 124,055 |
Total 2020 £ 302,607 Total 2020 £ 49,000 15,262 24 64,286 |
|---|---|
4 Investments
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
5 Other income
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Other income | 291 | 2,543 |
| Charitable activities | ||
| 2021 | 2020 | |
| £ | £ | |
| Administrator's wages and pension costs | 35,055 | - |
| Depreciation and impairment | 958 | 877 |
| Bank and credit card charges | 190 | 246 |
| Insurance | 6,164 | 5,566 |
| Secretarial fees | 18,400 | 18,000 |
| Repairs and renewals | 10,425 | 8,634 |
| Printing, postage and stationary | 839 | 374 |
| Leasing of equipment | - | 646 |
| Rates and service charges | 32,578 | 27,288 |
| Sundry expenses | 2,540 | 1,760 |
| Advertising | 175 | 1,090 |
| Telephone and fax | 3,869 | 2,727 |
| Travel, entertaining and subsistence | 1,027 | 1,472 |
| Bookeeping services | 9,000 | 7,200 |
| Light and heat | 2,005 | 1,793 |
| Legal and professional | 1,799 | 1,659 |
| Independent examination fees | 7,000 | 6,500 |
| 132,024 | 85,832 | |
| Grant funding of activities (see note 7) | 59,517 | 38,056 |
| 191,541 | 123,888 |
6 Charitable activities
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
7 Grants payable
| Grants to institutions: Grants to individuals |
2021 £ 10,000 49,517 59,517 |
2020 £ 621 37,435 38,056 |
|---|---|---|
8 Trustees
During the year, an amount of £ 9,000 (2020: £ 7 , 200 ) was paid to Mr K Kaye for bookkeeping services.
9 Employees
There were no employees during the year.
| Employment costs | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Administrator's wages | 33,007 | - |
| Other pension costs | 2,048 | - |
| 35,055 | - | |
| Other | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2021 | 2020 | |
| Net loss on disposal of tangible fixed assets | 34 | 27 |
10 Other
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
11 Net gains/(losses) on investments
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Revaluation of investments | 26,625 | (36,264) | |
| Gain/(loss) on sale of investments | - | (17,101) | |
| 26,625 | (53,365) | ||
| Tangible fixed assets | |||
| Freehold land | Fixtures and | Total | |
| and buildings | fittings | ||
| £ | £ | £ | |
| Cost | |||
| At 1 January 2021 | 1,208,382 | 13,990 | 1,222,372 |
| Additions | - | 1,320 | 1,320 |
| Disposals | - | (2,209) | (2,209) |
| At 31 December 2021 | 1,208,382 | 13,101 | 1,221,483 |
| Depreciation and impairment | |||
| At 1 January 2021 | - | 10,484 | 10,484 |
| Depreciation charged in the year | - | 958 | 958 |
| Eliminated in respect of disposals | - | (2,174) | (2,174) |
| At 31 December 2021 | - | 9,268 | 9,268 |
| Carrying amount | |||
| At 31 December 2021 | 1,208,382 | 3,833 | 1,212,215 |
| At 31 December 2020 | 1,208,382 | 3,507 | 1,211,889 |
12 Tangible fixed assets
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
13 Fixed asset investments
| Cost or valuation At 1 January 2021 Additions Valuation changes At 31 December 2021 Carrying amount At 31 December 2021 At 31 December 2020 14 Financial instruments Carrying amount of financial assets Instruments measured at fair value through profit or loss 15 Stocks Finished goods and goods for resale 16 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income |
Listed investments £ 338,564 13,232 26,625 378,421 378,421 338,564 2021 2020 £ £ 378,421 338,564 2021 2020 £ £ 1,913 - 2021 2020 £ £ - 47,501 9,554 8,718 9,554 56,219 |
|---|---|
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 17 Creditors: amounts falling due within one year Notes Other taxation and social security Deferred income 18 Other creditors Accruals and deferred income 18 Deferred income Other deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 January 2021 Released from previous periods Deferred income at 31 December 2021 |
2021 £ 8,591 - 16,293 7,000 31,884 2021 £ - 2021 £ - 22,500 (22,500) - |
2020 £ 7,815 22,500 - 6,500 36,815 2020 £ 22,500 2020 £ 22,500 22,500 - 22,500 |
|---|---|---|
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GRAND ORDER OF WATER RATS CHARITIES FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 19 Analysis of net assets between funds Unrestricted funds Restricted funds 2021 2021 £ £ Fund balances at 31 December 2021 are represented by: Tangible assets 1,212,215 - Investments 378,421 - Current assets/ (liabilities) (78,954) 300,000 1,511,682 300,000 |
TotalUnrestricted funds 2021 2020 £ £ 1,212,215 1,211,889 378,421 338,564 221,046 (2,277) 1,811,682 1,548,176 |
Restricted funds 2020 £ - - 300,000 300,000 |
Total 2020 £ 1,211,889 338,564 297,723 1,848,176 |
|---|---|---|---|
The restricted fund is for the use of Water Rats at Brinsworth House; an old age home.
20 Related party transactions
As at 31 December 20 2 1 , other creditors include £ 16,293 (2020 - £ 4 7 , 501 - other debtors ) due to Grand O rder of Water Rats General Fund. The trustees of the charity are members of Grand Order of Water Rats General Fund who operate from the same building.
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