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|CONTENTS||Page|
|---|---|---|
|Reference and administrative
information|||
|Report ofthe Trustees||2 —5|
|Report ofthe Independent|Auditors|6 —8|
|Statement ofFinancial Activities|||
|Balance Sheet||10|
|Statement ofCash Flows|||
|Notes forming
part ofthe|Financial Statements|12-2]|
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|BALANCE|SH|E|ETAS|AT|31MARCH 2023||||
|---|---|---|---|---|---|---|---|---|
|||||||||(As restated)|
||||||||2023|2022|
|||||||Notes|8||
|Fixed assets|||||||||
|Tangible assets||||||2|4,103,628|4,103,628|
|Investments||||||10|9,076,354|9945005|
||||||||13,179,902|14,040713|
|Current assets|||||||||
|Debtors||||||12|6,525|6,525|
|Cash at bank and||in|hand||||407,829|824,524|
||||||||414,354|831,049|
|Creditors: amouats|||falling|due|within one year|13|(48,102)|(35,659)|
|Net current|assets||||||366,252|795,390|
|Net assets|||||||13,546,234|14,844,103|
|Funds:|||||||||
|Endowment|fund||||||||
|Capital|funds||||||8,720,227|9,574,570|
|Revaulation||reserve|||||456 500|456,500|
|||||||15|9,176,727|10,031,070|
|Restricted fund|||||||||
|Capital|funds||||||179,430|500,610|
|Revaulation||reserve|||||1075 156|1,075,156|
|||||||15|1254 506|1575 766|
|Income Funds|||||||||
|Unrestricted|fund -||Endowment||fund|15|611,295|733,641|
|Designated|funds: -||Windfall|Grant fund||15|||
|||-Astro Turf Cnant fund||||15|||
|||-Buildings||fund||15|2,503,626|2,503,626|
||||||||3 114921|3,237,267|
|Total funds||||||15|13,546,234|14,844,103|
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||||||Total funds|Total funds|
|---|---|---|---|---|---|---|
|||||Notes|2023f|2022f|
|Net cash|used in operating|activities||16|~845,067|~402596|
|Cash flows from iavesting||activities|||||
|Portfolio|income||||367,115|341,254|
|Proceeds|from sale ofinvestments||||2,425,021|2,114,298|
|Property|income||||14,593|12,967|
|Purchase|ofinvestments||||(2,380,248)|(2,098,973)|
|Sale Proceeds from Bugbrooke|||Barns|||320,000|
|Net cash|provided
by investing||activities||426,401|689546|
|(Decrease) / Increase in cash|||aad cash equivalents|in the year|(418,586)|287,150|
|Cash and|cash equivalents|atthe beginning of||17|943,921|656,771|
|the year|||||||
|Total cash and cash equivalents
at the ead||||17|525/35|943,921|
|ofthe year|||||||
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|2.|INTEREST IN PROPERTY|INTEREST IN PROPERTY|||||||
|---|---|---|---|---|---|---|---|---|
||||||Cost/|Cost/|||
|||||Note|Valuation|Valuation|lacome||
||||||As at 31|As at31|||
||||||March 2023|March 2022|2023|2022|
|||||||8|||
||SCHOOL SITE,BILLING ROAD,||||||||
||NORTHAMPTON|||(a)|I|1|||
||THE CRIPPS HALL|||(b)|1|I|||
||LAND AT BILLING ROAD|||(c)|1,064,468|1,064,468|||
||SPORTS HALL|||(d)|1,439,158|1,439,158|||
||AGRICULTURAL
LAND||||||||
||6 acres at Sywell|Road, Holcot||(e)|100,000|100,000|||
||RECREATION GROUND - O.N.A.||||||||
||15.57 acres|||(e)|375,000|375,000|8,000|6,000|
||BUGBROOKE ESTATE||||||||
||Ground rents and|wayleaves,|notional||||||
||value, say|||(e)|250|250|6$|67|
||BUGBROOKEESTATE||||||||
||Agricultural
land
acres|and buildings, 67.944||()|1.124,750|1,124,750|6525
14,593|6900
12,967|
||Less: Outgoings|(Note 5)|||||(4,936)|(4,$$3)|
||||||4,103,628|4,103,628|9,657|8,084|
||SUMMARY:||||||||
||Land at Billing Road
Sports Hall||||1,064,468
1439158|1,064,468
1439158|||
||Building Fund||||2,503,626|2,503,626|||
||Endowment
Fund||||475,002|475,002|||
||Restricted Fund||||1 125.000|1,125,000|||
||||||4,103,628|4,103,62$|||
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||estimated
current value to the|charity isfl.The building
is|held for charitable
activities an|d held at cost.|
|---|---|---|---|---|
||||2023|2022|
|(c)|LAND AT BILLING ROAD||||
||Cost at I April 2022 and 31March 2023||11164468|1664468|
||The land is held for charitable|activities.|||
|(d)|SPORTS HALL||||
||Value at I April 2022||1,439,158|1,439,158|
||Additions||||
||Value at31March 2023||I 439,138|1,439,158|
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|||||2023|2022f|
|---|---|---|---|---|---|
|3.|OTHER TRADING ACTIVITIES|||||
||Property orcome|||||
||Rental income: unrestricted|||8,000|6,000|
||Rental income: restricted|||6,593|6,967|
||Orfrer income|||||
||Proceeds Bum Disposal|ofBugbrooke|gams||320,000|
|||||14,593|332,967|
||Insesimeniieconre|||||
||Portfolio income (see note 4)|||367,115|341,254|
|4.|INVESTMENT INCOME|||2023|2022f|
||Portfolio income|||||
||UK fixed interest securities|||48,600|43,694|
||Non UKfixed interest securities|||51~9|45,887|
||UKequldes - income|||166,955|144,807|
||Non UK equities - income|||100,321|106,866|
|||||367,115|341,254|
||Restricted|||4,616|4,226|
||Unrestricted|||362,499|337,028|
|||||367.115|341,254|
|5.|EXPENDITURE ON|RAISING FUNDS||2023
f|2022f|
||Rent collection and associated||:endowment||2,400|
||property costs|||||
||||;restricted|4,936|4,883|
||Investment
management|fees|:endowment|44,650|52,034|
||||:restricted|751|791|
|||||50,337|60,108|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||f||
||Special Donations - "September 2004 Structure"|||315,000|300,000|
||OTHER DONATIONS/EXPENSES|||||
||School grant|||137,685||
||Travel costs|||32|47|
|||||452,717|300,047|
|7.|CHARITABLE ACTIVITIES - RESTRICTED|||2023|2022|
|||||8||
||Nortbampton
Freemans|Trust||100|100|
||Blue Coat Educational|Charity||2,153|2,070|
||School grant|||305,515||
|||||307,768|2,170|
|8.|CHARITABLE ACTIVITIES - GOVERNANCE COSTS|||2023|2022|
||||||g|
||Clerk's fees - unrestricted|||24,679|7,016|
||-endowment||||7,016|
||Audit fees - unrestricted|||12,120|11,095|
||Legal and other proibssiorml||fees - unrestricted|9,889|9,193|
||||-endowment||14,485|
|||||46,688|48,805|
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|INVESTMENTS|||||
|---|---|---|---|---|
||Restricted|Sad owmeat|||
||Funds|Fuadsf|Total|2022
f|
|Market value at 1 April 2022|152,845|9,672,843|9,825,688|9,410,739|
|Acquisitions|42,640|2,337,608|2,38024$|2,098,973|
|Disposal proceeds|(39,832)|(2,385,189)|(2,425,021)|(2,114498)|
|Net investment
gains|(12374)|(809,693)|($22,067)|430,274|
|Market value at31March 2023|143,279|8,815,569|8,958,848|9,825,688|
|Uninvested
cash|1,299|116,207|117,506|119,397|
||144,578|8,931,776|9,076354|9,945,085|
|Investments
at market value comprise:|||||
|UK Equities|||2,657,060|3,235,542|
|Noo UK Equities|||4,196,022|4,328,870|
|UK Fixed Interest Securities|||945,650|1,146,472|
|Non UK Fixed Interest Securities|||1,160,116|1,114,804|
|Uninvested
cash|||117,506|119,397|
||||9,076,354|9,945,085|
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|12.|DEBTORS,|PREP|AYIVIENTS|AND ACCRUED INCOME|||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||6|
||Other debtors||||6,525|6,525|
||||||6,525|6,525|
|13.|CREDITORS AND ACCRUED CHARGES||||||
||||||2023
8|2022f|
||Costs ofgenerating||funds||12,781|16,100|
||Management|and administration||expenses|28,773|15364|
||Grants payable: restricted||||6,548|4395|
||||||48,102|35,659|
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|THE YEAR ENDED 31MA|THE YEAR ENDED 31MA|RCH|2023|||
|---|---|---|---|---|---|
|BUILDING FUND||||2023|2022|
|||||f|8|
|Balance|at beginning ofyear|||2,503,626|2,503,626|
|Transkrs|into the fund|||||
|Balance|at end ofyear|||2,503,626|2,503,626|
|Relating|tx-|||||
|Acquisition ofland at Billing Road facilitated|||by mortgage|||
|of8150,000which became fully repaid||in year|1999/2000|1,064,468|1,064,468|
|Costs of|building
the Sports HaU ofwhich 61,000,000wss|||||
|financed|by sloan 0om the endowment|fund||1,308,040|1,308,040|
|Sports hall pmperty
improvements||||131,118|131,118|
|||||2,503,626|2,503,626|
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||at the trustees'
discretion, as long as within the o|at the trustees'
discretion, as long as within the o|bjects ofthe charity (page 3).|bjects ofthe charity (page 3).|
|---|---|---|---|---|
|16.|RECONCILIATION OF NET MOVEMENT||IN FUNDS TO NET CASH FLOW FROM||
||OPERATING ACTIVITIES||||
||||2023|2022|
||||f.|f|
||Net movemeat
in funds||(1897,869)|1,283,115|
||Deduct dividend
income|from investment|(367,115)|(341,254)|
||Deduct property
income|&om investment|(14,593)|(12,967)|
||Add / (Deduct) gains on|investments|822,067|(430774)|
||Add gains on revaluation|||(589,750)|
||Add proceeds on disposal|ofBugbrooke Barns||(320,000)|
||Decrease in debtors|||375|
||Increase in creditors||12,443|8,359|
||Net cash used ia operating
activities||(845,067)|(402,396)|
|17.|ANALYSIS OF CASH|AND CASH EQUIVALENTS|||
||||2023|2022|
||||8|8|
||Cash at bank and in hand||407,829|824,524|
||Unexpended
investment|cash|1]7,506|119397|
||Total cash and cash equivalents||525,335|943,921|
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