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||||FORT|BEYEAR|ENDED 31STMA|RCH 2023||||
|---|---|---|---|---|---|---|---|---|---|
||||||Uarestricted|Restricted||||
||||||income|incense||2023|2022|
|||||Note|fund|fund||Total|Total|
|||||||||f|I|
|Income:||||||||||
|Inconie front cliaritablc
activities:||||||||||
|Rent and msurancc
premiums||reccivalilc|||112,004|||112&004|106,05/i|
|Service charges receivable|||||13,191|||13,191|14,032|
|Investment
income:||||||||||
|Dividend
and interest distribution|||income||5,874|||5,874|5,322|
|Interest received|||||165|||165|8|
|Other inconie:||||||||||
|Grants receivable|||||400|||400|400|
|Total inconie|||||131,634|||131,634|125,818|
|Expenditure||||10.||||||
|Cost ofraising funds:||||||||||
|Cost ofcollecting
rent and insurance
Property expenses|||||7,117
81,853|||7,117
81,853|6,083
41,510|
|Expenditure
on charitable
Charitable
activities|activities:||||84,724|||84,724|70,962|
|Total expenditure|||||173,694|||173,694|118,555|
|Net (losses)/income
before|transfers||||(42,060)|||(42,060)|7,263|
|Transfers
between
funds|||||(15)||15|||
|Nct income before recognised|||(losses)/gains||(42,075)||15|(42&060)|7,263.|
|Other recognised
(losses)/gains||||||||||
|(Losses)/gains
on revaluation||ofinvestments|||(8,187)||(15)|(8,202)|5,875|
|Net movement
in funds for||the year|||(50,262)|||(50,262)|13,138|
|Reconciliation offunds||||||||||
|Total funds brought
forward|||||404,913||651|405,564|392,425|
|Total funds carried forward||||13.|354,651||651|355,302|405,563|
##
|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
||Note|fund|fund|2023|2022|
||||8||f|
|Fired assets||||||
|Tangible assets||70,000||70,000|70,000|
|llivcstmeliis||107,4GS|167|107,635|l )5,837|
|Total fixed assets||177,468|167|177,635|185,837|
|Current
assets||||||
|Debtors||85,514||85,514|41,656|
|Short term deposits||75,863||75,863|75,690|
|Cash at bank||98/65|484|98,849|186.617|
|Total current
assets||259,742|484|260,226|303,963|
|Current
liabilities||||||
|Creditors:||||||
|Amounts
falling due within one year||(82,559)||(82,559)|(83,039)|
|Net current assets||177,183|484|177,667|220,924|
|Net assets||354,651|651|355302|406,761|
|Tbe funds ofthe charity:|13.|||||
|Unrestricted
funds||354,651||354,651|404,912|
|Restricted
funds|||651|651|65i|
|||354,651|651|355,302|405,563|
##
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##
|5.|Fixed Asset Investments|Fixed Asset Investments|||Atl41arket|At Market|
|---|---|---|---|---|---|---|
||||||Value|Value|
||||||2023|2022I|
||Balance brought|forward|||115,837|109,962|
||Gains/(losses)
on|revaluation||ofinvestments|(8,202)|5,875|
||Balance can ied forward||||107,635|115,837|
||Investments
consist ofthe||following:||||
||Quoted investments||||f||
||7,677.50||Units BLKCharities UK Bond||11,355|13,256|
||6,481.00||Units MkG Charifund||96,113|102,400|
||58.66||Units BLKCharities UK Bond||87|101|
||Other investments||||||
||Charities deposit|fund|||80|80|
||||||107,635|115,837|
||Historical cost at|31st March|||23,145|23,145|
##
|6.|Com
aratives for thc Statement|Com
aratives for thc Statement|ofFinancial|Activities|||||
|---|---|---|---|---|---|---|---|---|
||||||Uarestricted|Restricted|||
||||||income|income||2021|
||||||fund|fund||Total|
|||||||||f|
||lncomel||||||||
||income from cbarital&le activities:||||||||
||t(cllt slid insural&cc
f)lcolluul&|fcccl&able|||106,05G|||106.056|
||Service charges receivable||||14,032|||14,032|
||Investment
incon&e:||||||||
||Dividend
and interest distribution||income||5,322|||5,327|
||Interest received||||8|||8|
||Other income:||||||||
||Grants receivable||||400|||400|
||Totalincome||||125,818|||125,818|
||Expenditure||||||||
||Cost ofraising funds:||||||||
||Cost ofcollecting rent and insurance
Property expenses||||6,083
41,510|||G,083
41,510|
||Expenditure
on charitable
Charitable
activities|activities:|||70,962|||70,962|
||Total expenditure||||118,555|||118,555|
||Nct iucome before transfers||||7,263|||7,263|
||Transfers
between
funds||||(9||||
||Net incon&e before recognised||gains/(losses)||7,254|||7,263|
||Other recogoised gains/(losses)||||||||
||Gains/(losses)
on revaluation|ofinvestments|||5,884||(9)|5,875|
||Net movement
in fuads for|the year|||]3,138|||13,138|
||Reconciliation
offunds||||||||
||Total funds brought
forward||||391,774||651|392,425|
||Total funds carried forward||||404,912||651|405,563|
##
##
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|7.|Debtors||||||||2023|2022|
||John Shilcock Ltd - Rent account,||||net rents held||||69,450|19,380|
||John Shilcock Ltd - Service charge||||account||||3,139|4,335|
||Rent in arrears||||||||5,764|8,375|
||insurance
in arrears|||||||||705|
||Service charges
m arrears||||||||31)0|2,000|
||Rands Educational
Foundation||donations|||receivable|||400|400|
||Rent deposits
held||||||||6,346|6,346|
||interest
distributions
receivable||||||||115|115|
||||||||||85,514|41,656|
|8.|Creditors||||||||2023|2022|
||||||||||f|f|
||Section 23 grants approved
but||unpaid||||||46,300|46.300|
||Rents received
in advance||||||||21,549|21,938|
||Accrual for rent collection fees||||||||1,529|920|
||Accrual
for Clerk's honorarium||||||||3,683|3,507|
||Accrual for office expenses||||||||600|600|
||Accrual for legal and professional||||fees|||||1,020|
||Accrual for accountancy
fees||||||||2,352|2,190|
||Accrual for repairs and maintenance||||costs||||200|218|
||Rent deposits due to tenants||||||||6346|6,346|
||||||||||82,559|83,039|
|9.|Income||||||Unrestricted||||
||||||||Income|Restricted|2023|2022|
||||||||Funds
f|Funds
f|Total|Totalf|
||Rent and insurance
premiums|receivable (see below)|||||112,004||112,004|10(),056|
||Service charges receivable (see||below)||||13,191||139191|14,032|
||Dividend
and interest distribution|||income||(see below)|5,874||5,874|5,322|
||interest received||||||165||165|8|
||Grants receivable||||||400||400|400|
||||||||131,634||131,634|125,818|
||||||||||2023|2022|
||||||||||f|6|
||Rent and insurance
premiums|||receivable|||||||
||Old School Block, 20 Bancroft||Hitchin||||||43,008|42,461|
||20 and 21 Bancroft, Hitchin||||||||68996|63,595|
||||||||||112,004|106,056|
||Service charges receivable||||||||||
||20and 21 Bancroft, Hitchin||||||||13,191|14,032|
||laconic from investments||||||||||
||Dividends
from M&G Charifund||||||||5,412|4,861|
||Interest distributions
from BLK||Charities UK Bond||||||461|461|
||interest
from Charities
deposit|fund|||||||1||
||||||||||5,874|5,322|
##
|IIL|~E*
Ch||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Casts ofraising funds:||||||||||||
||Cost oi collecting rent and|||insurance||premiums|||||7,117|6,083|
||Property expenses:||||||||||||
||Property msurance
premiums||||payable||||||9,481|8,003|
||Service char
e costs||||||||||14,186|14,032|
||Gcnelul
nlalnfeliancc||||||||||43,329|13,201|
||Legal and professional|fees|||||||||13,719|3,948|
||Cost ofutilities||||||||||1,138|2,326|
||||||||||||81,853|41,510|
||Expenditure
on charitable||||activities:||||||||
||Grants approved
under|s23||(see below)|||||||46,300|46,800|
||Grants approved
under|s24||(see below)|||||||31,189|17,167|
||Trustees insurance
premiums||||||||||505|554|
||Clerks honorarium||||||||||3,683|3,507|
||Office costs||||||||||695|744|
||Accountancy
fees||||||||||2,352|2,190|
||||||||||||84,724|70,962|
||Grants approved
under||section 23|||(per above)|||||||
||I-lertfordshire
Educational|||Foundation|||||||300|300|
||North Herts Educational||Support Care||||||||1,000|1,500|
||I-Iitchin Girls' School||||||||||15,000|15,000|
||Ilitchin Boys' School||||||||||15,000|15,000|
||The Priory School||||||||||15,000|15,000|
||||||||||||46,300|46,800|
||||||||Hitchi ~|Girls'|Hitchin|Boys'|The Priory||
||||||||School||School||School||
||||||||8||f||||
||Balance brought
forward||at||1st April|2022|15,000||151000||15,000||
||Grants approved
for the||year||||10,000|||10,000|10,000||
||Special grants - Support||for||pupil pastoral/counselling|||5,000||5,000|5,000||
||||||||30,000||30,000||30,000||
||Less: Grants paid in the||year||||(15,000)|||15,000)|(15,000)||
||Balance carried forward||at|31stMarch 2023||||15,000||15,000|15,000||
||||||||||||2023|2022|
||Grants approved
under||section 24|||(per above)||||||f,|
||Grants paid||||||||||31,189|17,167|
||||||||||||31,189|17,167|
##
##
##
##
##
##
|||||Balances|||||Transfer||Balances|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||1st April|||Investment||between||31st March|
|||||2022
f|Income
f|Expenditure
f|gains/(losses)
6||funds||2023f|
|Uurestricted||Funds:||||||||||
|General||||350,779|118,443|(159,508)||(8,187)|(50,015)||251,512|
|Designated|-|services||4,134|13,191|(14,186)|||||3,139|
|Designated|-|roof||50,000|||||50|000|100,000|
|||||404,913|131,634|173,694)||(8,187)||(15)|354,651|
|Restricted Funds:||||||||||||
|CJ Widdows'||Fund||476||||(15)||15|476|
|Dawson Memorial|||Fund|175|||||||175|
|||||651||||(15)||15|651|
|Total Funds||||405,564|131,634|173,694|(8,202||||355,302|
|||||Balances|||||Transfer||Balances|
|||||1st April|||Investment||between||31st March|
|||||2021|Income|Expenditure|gains/(losses)||funds||2022|
|||||f.||6|||f.||g|
|Unrestricted||Funds:||||||||||
|General||||387,640|111,786|(104,523)||5,884|(50,009)||350,778|
|.Designated||||4,134|14,032|(14,032)|||||4,134|
|Designated|-|roof|||||||50,000||50,000|
|||||391,774|125,818|118,555||5,884||(9)|404,912|
|Restricted Funds:||||||||||||
|C JWiddows'||Fund||476||||(9)||9|476|
|Dawson Memorial|||Fund|175|||||||175|
|||||651||||(9)||9|651|
|Total Funds||||392,425|125,818|118,555)||5,875|||405,563|
##
##
|Anal
sis of|A|ssets|and Li|abilities to Fun|ds|||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Other||Net assets|
|||||Fixed|assets:||current|Current|31st March|
|||||Properties|Investments|Bank|assets|liabilities|2023|
|||||f||f|f.|f|f|
|Unrestricted||Funds:||||||||
|General||||70.000|107,468|74,228|82,375|(82 559)|25 i 5'12|
|Designated|-|services|||||3,139||3.139|
|Desi
natcd|—roof|||||100,000|||100,000|
|Restricted|Funds:|||||||||
|CJWiddows'||Fund|||87|389|||476|
|Dawson
Memorial|||Fund||80|95|||175|
|||||70,000|107,635|174,712|85,514|82,559)|355.302|
||||||||Other||Net assets|
|||||Fixed|assets:||cunent|Current|31stMarch|
|||||Properties
f|Investments
f.|Bankf|assets
f|liabilities
f|2022
f,|
|Unrestricted||Funds:||||||||
|General||||70,000|115,656|206,505|41,656|(83,039)|350,778|
|Designated|—services|||||4,134|||4,134|
|Designated|-|roof||||50,000|||50,000|
|Restricted|Funds:|||||||||
|C J Widdows'||Fund|||101|375|||476|
|Dawson
Memorial|||Fund||80|95|||175|
|||||70,000|115,837|261,109|41,656|(83,039)|405,563|