#
##
##
||||Page|
|---|---|---|---|
|Legal and Administrative|Details|||
|Trustees'
Report|||2-5|
|Independent
Examiners'|Report|||
|Consolidated
Statement|of Financial|Activities||
|Consolidated
Balance Sheet||||
|Charity Balance Sheet||||
|Notes to the Accounts|||10-20|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Note|Unrestricted|Restricted||Funds|Funds|
|||||Funds
f|Funds||2023f|2022f|
|Income and|endowments||from:||||||
|Donations
and legacies|||2|7,407|||7,407|3,923|
|Charitable
activities|||3|45,770|||45,770|47,038|
|Other trading|activities||4|157,132|||157,132|134,300|
|Investments|||5|62,163||164|62,327|40,024|
|Other|||6|19,684|||19,684|15,198|
|Total||||292,156||164|292,320|240,483|
|Expenditure|on:||||||||
|Raising funds||||104,617|||104,617|100,673|
|Charitable
activities||||52,790|||52,790|51,749|
|Other||||7,189|||7,189|6,041|
|Total||||164,596|||164,596|158,463|
|Net Income/(Expenditure)|||before||||||
|gains/(losses)||||127,560||164|127,724|82,020|
|Unrealised|||||||||
|Gains/(losses)|on||||||||
|investments||||(162,941)|||(162,941)|151,979|
|Net Income/(Expenditure)||||(35,381)||164|(35,217)|233,999|
|Transfers
between||funds|||||||
|Net Movement
in Funds||||(35,381)||164|(35,217)|233,999|
|Reconciliation|offunds:||||||||
|Total funds brought|||||||||
|forward||||8,964,120|8,558,968||17,523,088|17,289,089|
|Total funds carried|||||||||
|forward|||16|8,928,739|8,559,132||17,487,871|17,523,088|
##
||||Notes|2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|
||||||||6|
|Fixed Assets:||||||||
|Tangible assets|||12||14,071,963||14,071,963|
|Investments|||13||2,708,521||2,871,462|
||Total|fixed assets|||16,780,484||16,943,425|
|Current Assets:||||||||
|Debtors|||14|22,071||37,899||
|Short term deposits||||86,344||84,841||
|Cash at bank and|in hand|||666,919||535,336||
|Total current assets||||775,334||658,076||
|Liabilities:||||||||
|Creditors: Amounts
within one year|falling|due|15|~f!1.947||(78,4131||
||Net current assets||||707,387||579,663|
|Total net assets|||||17,487,871||17,523,088|
|The funds ofthe|charity:|||||||
|Unrestricted
funds||||||||
|General|||16||2,270,545||2,304,613|
|Revaluation
Reserve|||16||1,500,000||1,500,000|
|Designated
funds|||16||5,158,194||5,159,507|
|Restricted
funds|||16||8,559,132||8,558,968|
|||Total funds|||17,487,871||17,523,088|
##
##
|||||Notes|2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|---|
|||||||6||6|
|Fixed Assets:|||||||||
|Tangible assets||||12||14,071,963||14,071,963|
|Investments||||13||2,708,521||2,871,462|
|Investments|in Subsidiaries|||13||2||2|
||||Total fixed assets|||16,780,486||16,943,427|
|Current Assets:|||||||||
|Debtors||||14|10,981||8,340||
|Short term|deposits||||86,344||84,841||
|Cash at bank and||in|hand||592,960||485,984||
||||Total current assets||690,285||579,165||
|Liabilities:|||||||||
|Creditors: Amounts|||falling due||||||
|within
one|year|||15|(40,206)||(32,242)||
||||Nel Current Assets|||650,079||546,923|
|Total net assets||||||17,430,565||17,490,350|
|The funds|ofthe|charity:|||||||
|Unrestricted|funds||||||||
|General||||16||2,213,239||2,271,875|
|Revaluation
Fund||||16||1,500,000||1,500,000|
|Designated
funds||||16||5,158,194||5,159,507|
|Restricted|funds|||16||8,559,132||8,558,968|
||||Total charily funds|||17,430,565||17,490,350|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Charity SOFA|||||
|---|---|---|---|---|
||||2023|2022|
|Income|||167,929|106,183|
|Cost of raising|funds||(4,794)|(4,389)|
|Costs of charitable||activities|(52,790)|(46,269)|
|Other costs|||(7,189)|(1,471)|
|Gains/(losses)|on|investments|(162,941)|151,979|
|Net Income/(Expenditure)|||(59,785)|206,033|
|Net Movement|in|Funds|(59,785)|206,033|
##
##
|||||2023|2023|2023|
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||Funds
f|Funds
F|Funds|
|Donations||||7407||7407|
|||||7,407||7407|
|||||2022|2022|2022|
|||||Unrestricted|Restricted|Total|
|||||Funds
F|Fundsf|Funds
f|
|Donations||||2 286|1 637|3 923|
|||||2 286|1 637|392|
|Income from charitable||activities|||||
||||||2023|2022|
||||||Unrestricted|Unrestricted|
||||||Funds
f|Funds
f|
|Property|rental income||||45,770|470
8|
||||||48.7 0|47 038|
|Income from other trading|||activities||||
||||||2023|2022|
||||||Unrestricted|Unrestricted|
||||||Funds
f|Fundsf|
|Subsidiary|lettings income||||157,132|134,300|
||||||157132|134.300|
||||2023|2023|2023|2022|
|---|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|Total|
||||Funds
f|Fundsf|Fundsf|Fundsf|
|Interest received|||164|9,861|10,025|200|
|Dividends|received|||52,302|52,302|39899|
||||164|62 163|62,327|40,029|
|Other income|||||||
||||||2023|2022|
||||||Unrestricted|Unrestricted|
||||||Funds
f|Funds
f|
|Management||fees|||15,504|15,198|
|Other Income|||||4,180||
||||||19,684|15,198|
|Expenditure||on raising funds|||||
||||||2023|2022|
||||||Unrestricted|Unrestricted|
||||||Funds
f|Fundsf|
|Development||Office|||4,792|4,389|
|Lettings and rentals|||||99,825|96,284|
||||||104617|100673|
##
##
##
##
##
##
|11|Trading
Subsidiary|Trading
Subsidiary|(Continued)|(Continued)|(Continued)|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||St George's School||(Harpenden)
Lettings Limited|||||||2023|2022|
|||||||||||E|E|
||Turnover
Cost ofsales
Gross profit|||||||||91,673
157,132
~65,4 9|79,577
134,300
~54,723|
||Administration
expenses|||||||||(34,366)|(41,561)|
||Operating
profit|||||||||57,307|38,016|
||Profit on ordinary|activities|||before|taxation||||57,307|38,016|
||Retained
profit brought|||forward||||||32,741|4,373|
||Profit on ordinary
Distribution|activities|||before|taxation||||57,307
~932.741|38,016
~19.645|
||Retained
profit carried forward|||||||||57,307|32,741|
|12|Tangible Fixed Assets||||Freehold|||||||
||||||Land and||Fixtures and||Computer|||
||Group Fixed Assets||||Buildings
f||Fittings
f||Equipment
f|Vehicles|Totalf|
||Cost|||||||||||
||At 1 April 2022 and at 31|||||||||||
||March 2023||||14,071,963|||95,011|30,541|16,700|14,214,215|
||Depreciation|||||||||||
||At 1 April 2022|||||||95,011|30,541|16,700|142,252|
||Charge for year|||||||||||
||At 31 March 2023|||||||95,011|30,541|16,700|142,252|
||Net Book Value|||||||||||
||At 31 March 2023||||14071,963||||||14,071,963|
||At 31 March 2022||||14,071,963||||||14,071,963|
||The buildings
have been|||insured||on a declared|value|of668m.||||
||||||Freehold|||||||
||||||Land and||Fixtures and||Computer|||
||Charity Fixed Assets||||Buildings||Fittings||Equipment|Vehicles|Total|
|||||||E||E|E|E|f|
||Cost|||||||||||
||At 1 April 2022 and at||31|||||||||
||March 2023||||14,071,963|||81,376|30,541|16,700|14,200,580|
||Depreciation|||||||||||
||At 1 April 2022|||||||81,376|30,541|16,700|128,617|
||Charge for year|||||||||||
||At 31 March 2023||||||81,376||30,541|16,700|128,617|
||Net Book Value|||||||||||
||At 31 March 2023||||14,071,963||||||14.071,963|
||At 31 March 2022||||14,071,963||||||14,071,963|
##
##
##
|Investments||At||||At|
|---|---|---|---|---|---|---|
|||31st March||Total||31st March|
|Group||2022
6|Additions|gain/(loss)
f|Disposal
5|2023
F|
|Investment
Properties||1 500 000||||1 500 000|
|Listed Investments|at Market Value||||||
|Designated
Fund|-Special|Fund Investments|||||
|M8 G'A' Income Fund||3,151||1,313||1,838|
|||3,151||1,313||1,838|
|Unrestricted
Funds-|||||||
|Jarvis Legacy|||||||
|COIF - Charities|||||||
|Investment
Fund Income||433,498||(16,404)||417,094|
|Units|||||||
|Schroders
—Charity
Asset Fund|Multi|346,192||(26,720)||319,472|
|Mayfair
—PITCH Fund||588,621||(118,504)||470,117|
|||1,368,311||(161,628)||1,206,683|
|Market Value of Listed|||||||
|Investments||1,371,462||(162,941)||1,208,521|
|Cost of Listed||1,119,943||||1,119,943|
|Investments|||||||
|Total market value||2,871,462||(162,941)||2,708,521|
|14|Debtors||Consolidated|Consolidated|Charity||
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||Amounts
falling due||6|6|||
||within one year:||||||
||Trade debtors||10,086|26,819||450|
||Other debtors||1,061|349|1,061|349|
||Other taxes and social||||||
||security||1,127|3,190|123||
||Prepayments|and accrued|||||
||income||9,797|7,541|9,797|7,541|
||||22,071|37,899|10,981|8,340|
##
|15|Creditors|Creditors||||Consolidated|Consolidated|Charity||
|---|---|---|---|---|---|---|---|---|---|
|||||||2023|2022|2023|2022|
||Amounts|falling|due within one|||E|E|E|E|
||year:|||||||||
||Trade creditors||||||1,105|||
||Accruals|and deferred||income||67,947|73,517|40,206|31,229|
||Other taxes and social|||secunty|||1,013||1,013|
||Other creditors||||||2,778|||
|||||||67 04|78413|40206|32242|
|15.1|Deferred|Income||||2023|2022|2023|2022|
|||||||E|E|E|F|
||Amount|brought
forward||||64,787|32,395|22,499|22,250|
||Transferred
to income|||in|year|(64,787)|(32,395)|(22,250)|(22,250)|
||Amounts|deferred|during||the year|52,882|64,787|31,803|22,499|
||Balance|carried forward||||2|64 787|32 062|22,499|
##
||||||||||
|---|---|---|---|---|---|---|---|---|
|Funds||||Net|||||
|||||Incoming/||Gains/|||
||||At|(Outgoing)||(Losses)||At|
||||31st March|Resources||on||31st March|
|Group|||2022|for the|Year|Investments|Transfers|2023|
||||E|||E|E|E|
|Unrestricted|Funds||||||||
|General
Fund|||2,304,613|127,560||(161,628)||2,270,545|
|Designated
Funds|||3,151|||(1,313)||1,838|
|Property
Fund|||5,156,356|||||5,156,356|
|Revaluation
Reserve|||1,500,000|||||1,500,000|
||||8,964,120|127,560||(162,941)||8,928,739|
|Restricted
Funds|||||||||
|Grants/donations||for capital assets|8,497,552|||||8,497,552|
|Other donations|||52,141|||||52,141|
|Maier Bequest|and Prize Fund||7,490||133|||7,623|
|Library Fund|||1 785||31|||1,816|
||||8,558,968||164|||8,559,132|
|Total Charity|Funds||17,523,088|127,724||(162,941)||17,487,871|
##
##
||||||Net||||
|---|---|---|---|---|---|---|---|---|
||||||Incoming/|Gains/|||
|||||At|(Outgoing)|(Losses)||At|
|||||31st March|Resources|on||31st March|
|Charity||||2022
6|for the Year|Investments
f.|Transfers
f|2023
f|
|Unrestricted||Funds|||||||
|General
Fund||||2,271,875|102,992|(161,628)||2,213,239|
|Designated|Funds|||3,151||(1,313)||1,838|
|Property
Fund||||5,156,356||||5,156,356|
|Revaluation|Reserve|||1,500,000||||1,500,000|
|||||8,931,382|102,992|(162,941)||8,871,433|
|Restricted|Funds||||||||
|Grants/donations
assets|||for capital|8,497,552||||8,497,552|
|Other donations||||52,141||||52,141|
|Maier Bequest
Fund||and Prize||7,490|133|||7,623|
|Library Fund||||1,785|31|||1,816|
|||||8,558,968|164|||8,559,132|
|Total Charity||Funds||17,490,350|103,156|(162,941)||17,430,565|
##
##
##
##
##
##
|As at 31st March 2023 the group was committed|to making the following|future|minimum
lease|payments|
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Within one year|||17,580|17,580|
|Between two and five years|||7,326|24,906|
|In over five years|||||
||||24,906|42,486|
##
##
##
##
|1|Raising funds|2023
f|2022f|
|---|---|---|---|
||Development
Office expenses|4,792|4,389|
||Lettings and rentals|||
||Equipment|22,631|22,838|
||Cleaning|3,844||
||Lettings staff|35,139|25,199|
||Sundry expenses|58||
||Food and consumables|3,787|6,686|
||Repairs and maintenance|1,111|223|
||Administrative
staff|27,477|38,493|
||Legal and professional|734|(587)|
||Accountancy|4,600|2,700|
||Bank charges|356|288|
||Bad debt||350|
||Printing
and stationery|34|94|
||Sundry expenses|54||
|||104,617|100,673|
|2|Charitable
activities|2023f|2022f|
||Donation
to St George's Academy|52,790|45,997|
||Premises
repairs||5,752|
|||52,790|51,749|
|3|Other expenditure|2023f|2022f|
||Audit and accountancy|5,025|3,920|
||Office costs||489|
||Other costs|1,303|1,121|
||Legal and professional|861|511|
|||7,189|6,041|
||Total|164,596|158,463|