| Trustee | KQGSF Trustee | Limited | Limited | ||
|---|---|---|---|---|---|
| Charity number | 309903 | ||||
| Registered | office | 36The Business | Exchange | ||
| Rockingham Road |
|||||
| Kettering | |||||
| Northamptonshire | |||||
| NN16 6JX | |||||
| Auditors | Azets Audit Services | ||||
| Ruthlyn House |
|||||
| 90 Lincoln Road | |||||
| Peterborough | |||||
| United Kingdom |
|||||
| PE1 2SP | |||||
| Bankers | Barclays Bank pic | ||||
| Barclays Technology | Centre | ||||
| Radbrooke Hall |
|||||
| Knutsford | |||||
| Cheshire | |||||
| United Kingdom |
|||||
| WA16 9EU | |||||
| Solicitors | Veale Wasbrough | Vizards | |||
| 3 Brindley Place | |||||
| Birmingham | |||||
| United Kingdom |
|||||
| B12JB | |||||
| investment | advisors | Smith & Williamson | investment | Management | |
| 9Colmore Row | |||||
| Birmingham | |||||
| B32BJ | |||||
| United Kingdom |
| Page | ||
|---|---|---|
| Trustee report | t -5 | |
| Statement ofTrustee |
responsibilities | |
| Independent auditor's |
report | 7-9 |
| Statement offinancial |
activities | to |
| Balance sheet | ||
| Notes to the financial | statements | 12-23 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||||
| Notes | F | 6 | 6 | 6 | 6 | 5 | |||
| e and end | wments | from. | |||||||
| Donations and |
legacies | 3 | 75,041 | 75,041 | |||||
| Income from charitable | |||||||||
| activities | 4 | 5,851 | 5,851 | 285,442 | 285,442 | ||||
| Investments | 5 | 165,270 | 165,270 | 167,600 | 167,600 | ||||
| Other income | 6 | 1,600 | 1,600 | ||||||
| Total income | 247,762 | 247,762 | 453,042 | 453,042 | |||||
| EKQ80f(~ure | K | ||||||||
| Charitable activities |
7 | 359,819 | 359,819 | 553,277 | 553,277 | ||||
| Net income/(expenditure) | (112,057) | (112,057) | (100,235) | (100,235) | |||||
| Net gains/(losses) | on | ||||||||
| investments | 12 | 443,610 | 376,371 | 819,981 | (234,667) | (199,099) | (433,766) | ||
| Net movement | in | funds | 331,553 | 376,371 | 707,924 | (334,902) | (199,099) | (534,001) | |
| Fund balances | at 6 | ||||||||
| April 2020 | 2,138,875 | 2,655,914 | 4,794,789 | 2,473,777 | 2,855,013 | 5,328,790 | |||
| Fund balances | at | 5 | |||||||
| Api'il 2021 | 2,470,428 | 3,032,285 | 5,502,713 | 2,138,875 | 2,655,914 | 4,794,789 |
| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 6 | 6 | |||||||||
| Fixed assets | |||||||||||
| Tangible assets | 13 | 533,546 | 549,751 | ||||||||
| Investment | properties | 14 | 1,400,000 | 1,400,000 | |||||||
| Investments | 15 | 3,394,445 | 2,596,464 | ||||||||
| 5,327,991 | 4,546,215 | ||||||||||
| Current assets | |||||||||||
| Stocks | 16 | 1,028 | 1,028 | ||||||||
| Debtors | 17 | 45,857 | 31,767 | ||||||||
| Cash at bank and | in | hand | 163,989 | 264,300 | |||||||
| 210,874 | 297,095 | ||||||||||
| Creditors: | amounts | falling | due within | ||||||||
| one year | 18 | (36,152) | (48,521) | ||||||||
| Net current | assets | 174,722 | 248,574 | ||||||||
| Total assets less | current liabilities | 5,502,713 | 4,794,789 | ||||||||
| Capital funds | |||||||||||
| Endowment | funds | - general | 3,032,285 | 2,655,914 | |||||||
| Income funds | |||||||||||
| Unrestricted | funds | 2,470,428 | 2,138,875 | ||||||||
| 5,502,713 | 4,794,789 | ||||||||||
| Tt Ik |
i | I t t |
t | pp | dbYth | T | t | .LUCE, Ixi |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | |||||
| 2021 | 2020 | ||||
| 5 | f | ||||
| Coronavirus | Job | Retention | Scheme grants | 52,041 | |
| Other government | grants | 23,000 | |||
| 75,041 |
| 4 | Income | from cha | ritable activities |
||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Govilon | Learning | &Activity Centre | 5,851 | 285,442 | |
| 5 | investments | ||||
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Rental | income | 93,201 | 81,900 | ||
| Income | from listed | investments | 70,640 | 83,925 | |
| Other income | 91 | ||||
| Interest | receivable | 1,429 | 1,684 | ||
| 165,270 | 167,600 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | |||
| 2021 | 2020 | ||
| 6 | |||
| Other | income | 1,600 |
| Management | Govilon | Total | Total | ||
|---|---|---|---|---|---|
| & Property | Activity | 2021 | 2020 | ||
| Centre | |||||
| Staff costs | 129,801 | 129,801 | 128,867 | ||
| Depreciation and impairment Coach hire |
2.864 | 13,341 | 16,205 | 5,086 10,970 |
|
| Food | 1,063 | 1,063 | 20,878 | ||
| Rates and insurance | 1,395 | 4,445 | 5,840 | 7,261 | |
| Repairs to property | 6,172 | 20,750 | 26,922 | 65,864 | |
| Water rates | 163 | 163 | 2,234 | ||
| Light and heat | 561 | 4,250 | 4,811 | 7,696 | |
| Climbing equipment |
35 | 35 | 4,778 | ||
| Catering equipment |
3,364 | 3,364 | 5,553 | ||
| Minibus running costs |
2,918 | 2,918 | 18,640 | ||
| Instructor fees | 1,200 | 1,200 | 55,604 | ||
| Professional fees | 4,860 | 805 | 5,665 | 24,115 | |
| Course costs | (397) | (397) | 5,817 | ||
| Telephone | 692 | 692 | 1,026 | ||
| Bank charges | 93 | 169 | 262 | 509 | |
| Stationery and sundries |
2,828 | 5,283 | 8,111 | 14,942 | |
| Marketing | 34,152 | 34,152 | 34,448 | ||
| Administration costs |
42,122 | 42,122 | 41,216 | ||
| Investment fees |
13,353 | 13,353 | 13,464 | ||
| 74,248 | 222,034 | 296,282 | 468,968 | ||
| Grant funding ofactivities (see note 6) |
57,044 | 57,044 | 77,900 | ||
| Share ofgovernance | costs (see note 9) | 6,493 | 6,493 | 6,409 | |
| 137,785 | 222,034 | 359,819 | 553,277 | ||
| Analysis by fund |
|||||
| Unrestdicted funds |
137,785 | 222,034 | 359,819 | ||
| 137,785 | 222,034 | 359,819 | |||
| Forthe year ended | 5April 2020 | ||||
| Unrestricted funds |
218,072 | 335,205 | 553,277 | ||
| 218,072 | 335,205 | 553,277 |
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Total employees | ||
| Employment costs |
2021 | 2020 |
| 6 | 6 | |
| Wages and salaries | 177,130 | 174,996 |
| Social security costs | 15,240 | 14,886 |
| Other pension costs | 7,100 | 6,906 |
| 199,470 | 196,788 |
| Unrestricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | |||
| general | ||||||
| 6 | 6 | |||||
| Revaluation | ofinvestments | 443,610 | 376,371 | 819,981 | (433,766) | |
| For the year | ended | 5April | ||||
| 2020 | (234,667) | (199,099) | (433,766) |
| Tangible | fixed asset | s | ||||||
|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures, | Total | ||||||
| land | & | fittings and | ||||||
| buildings | equipment | |||||||
| 6 | 6 | |||||||
| Cost or valuation | ||||||||
| At 6April | 2020 | 495,000 | 186,607 | 681,607 | ||||
| Disposals | (50,451) | (50,451) | ||||||
| At 5April | 2021 | 495,000 | 136,156 | 631,156 | ||||
| Depreciation and impairment |
||||||||
| At 6April | 2020 | 131,856 | 131,856 | |||||
| Depreciation charged |
in the year | 16,205 | 16,205 | |||||
| Eliminated | in respect | ofdisposals | (50,451) | (50,451) | ||||
| At 5April | 2021 | 97,610 | 97,610 | |||||
| Carrying | amount | |||||||
| At 05 April 2021 | 495,000 | 38.546 | 533,546 | |||||
| At 05April 2020 | 495,000 | 54,751 | 549,751 | |||||
| The carrying value of |
land included | in land and buildings | comprises: | |||||
| 2021 | 2020 | |||||||
| 6 | 5 | |||||||
| Freehold | land | 200,000 | 200,000 |
| Investment property |
|
|---|---|
| 2021 | |
| f | |
| Fair value | |
| At 6April 2020 and 5April 2021 | 1,400,000 |
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| f. | ||||
| Cost or valuation | ||||
| At 6 April | 2020 | 2,596,464 | ||
| Additions | 594,549 | |||
| Valuation | changes | 819,981 | ||
| Disposals | (616,549) | |||
| At 5April | 2021 | 3,394,445 | ||
| Carrying | amount | |||
| At 5April | 2021 | 3,394,445 | ||
| At 5April | 2020 | 2,596,464 | ||
| 16 | Stocks | |||
| 2021f | 2020 f |
|||
| Finished | goods and goods for resale | 1,028 | 1,028 |
| 17 | Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| Amounts | falling due | within | one year: | 6 | 6 | ||||
| Other debtors | 38,243 | 24,066 | |||||||
| Prepayments and accrued income |
7,614 | 7,701 | |||||||
| 45,857 | 31,767 | ||||||||
| 18 | Creditors: amounts | falling | due within one year | ||||||
| 2021 | 2020 | ||||||||
| Notes | 6 | f. | |||||||
| Other taxation and social security |
3,708 | 3,661 | |||||||
| Deferred | income | 19 | 17,482 | 25,231 | |||||
| Other creditors | 8,562 | 13,329 | |||||||
| Accruals | and deferred | income | 6,400 | 6,300 | |||||
| 36,152 | 48,521 | ||||||||
| 19 | Deferred | income | |||||||
| 2021 | 2020 | ||||||||
| 6 | 6 | ||||||||
| Arising from Govilon income |
17,482 | 25,231 | |||||||
| Deferred | income is included | in the financial | statements | as follows: | |||||
| 2021 | 2020 | ||||||||
| 6 | f | ||||||||
| Current liabilities |
17,482 | 25,231 | |||||||
| 17,482 | 25,231 |
| Analysis | o | f net assets between funds | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Permanent | Total | Total | |||
| endowment | ||||||
| 2021 | 2021 | 2021 | 2020 | |||
| F | 6 | 5 | 6 | |||
| Fund balances at 5 April 2021 are | ||||||
| represented | by: | |||||
| Tangible | assets | 533,546 | 533,546 | 549,751 | ||
| Investment | properties | 1,400,000 | 1,400,000 | 1,400,000 | ||
| Investments | 1,865,565 | 1,528,880 | 3,394,445 | 2,596,464 | ||
| Current | assets/(liabilities) | 71,317 | 103,405 | 174,722 | 248,574 | |
| 2,470,428 | 3,032,285 | 5,502,713 | 4,794,789 |
| 2021 | 2020 | |
|---|---|---|
| 6 | ||
| Within one year | 612 | 306 |
| Between two and five years | 306 | |
| 918 | 306 |