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||||Page|
|---|---|---|---|
|Trustees'|Annual|Report|1to4|
|Auditors'|Report||5to 7|
|Statement|of Financial Activities|||
|Balance Sheet||||
|Statement|ofCash Flows|||
|Notes|||11to 19|
##
||The Trustees|The Trustees|jointly hold title|to properties
own|ed
by the ch|ed
by the ch|ari|table
|trust,|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|(c)|The Trustees||were assisted|in administering|the Trust||by|UHY|Hacker|Young|LLP, 14 Park Row,|
||Nottingham,||NG1 6GR.|||||||||
|(d)|Bankers|||National
Westminister||Bank|Pic|||||
|||||Nottingham
Smiths Branch||||||||
|||||16South Parade||||||||
|||||Nottingham||||||||
|||||NG1 2JX||||||||
||Investment||Advisers|Rathbone
Brothers Plc||||||||
|||||8 Finsbury
Circus||||||||
|||||London||||||||
|||||EC2M 7AZ||||||||
|||||Charles Stanley|5.Co.|Limited||||||
|||||55 Bishopsgate||||||||
|||||London||||||||
|||||EC2N 3AS||||||||
||Auditors|||Dafferns
LLP||||||||
|||||Registered
Auditors||||||||
|||||Chartered
Accountants||||||||
|||||One Eastwood,|Harry Weston|||Road||||
|||||Binley Business|Park|||||||
|||||Coventry||||||||
|||||CV3 2UB||||||||
||Solicitors|||Keystone
Law|||||Cleggs|||
|||||48 Chancery
Lane|||||Apex Court|||
|||||London|||||Ruddington||Lane|
|||||WC2A 1jF|||||Wilford|||
||||||||||Notting|ham||
||||||||||NG11 7DD|||
||Charitable|No.||327176||||||||
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||||||Unrestricted|Unrestricted|Expendable|Expendable|2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Income||Endowment||||
||||||Fund||Fund||Total|Total|
|||||Note|E||||||
|INCOME AND ENDOWMENTS||FROM:|||||||||
|Investments|||||1,389,688||||1,389,688|1,335,855|
|Returned
Grants||||||||||50,000|
|TOTAL INCOME AND|ENDOWMENTS||||1,389,688||||1,389,688|1,385,855|
|EXPENDITURE ON:|||||||||||
|Raising Funds|||||||||||
|Investment
Management
Costs|||||91,042||91,042||182,084|183,277|
|Property Expenses|||||77,727||||77,727|67,344|
||||||168,769||91,042||259,811|250,621|
|Charitable
Activities|||||||||||
|Charitable
Grants|||||1,065,950||||1,065,950|1,080,200|
|Cost ofGrant Making|||||||||||
|Grant related support|costs||||92,517||||92,517|87,123|
||||||1,158,467||||1,158,467|1,167,323|
|TOTAL EXPENDITURE|||||1,327,236||91,042|1,418,278||1,417,944|
|NET INCOME / EXPENDITURE|||||||||||
|BEFORE OTHER RECOGNISED|||||||||||
|GAINS AND LOSSES|||||62,452||(91,042)||(28,590)|(32,089)|
|OTHER RECOGNISED|GAINS AND|||LOSSES|||||||
|Unrealised
Gain/(Loss)|on Revaluation|||of Property|||49,000||49,000|972,242|
|Realised Gain/(Loss)
on Sale of||Property|||||42,500||42,500||
|Realised Gain/ (Loss) on Investment|||Assets||||409,689||409,689|1,353,542|
|Unrealised
Gain/ (Loss)|on investment|||Assets|||817,000||817,000|4,609,989|
|||||||1,318,189||1,318,189||6,935,773|
|NET MOVEMENT
IN FUNDS|||||62,452|1,227,147||1,289,599||6,903,684|
|RECONCILIATION
OF|FUNDS||||||||||
|Total Funds Brought Forward|||||1,241,456 49,428,483|||50,669,939 43,766,255|||
|Total Funds Carried Forward|||||1,303,908 50,655,630|||51,959,538 50,669,939|||
##
##
||BALANCE SHEET|BALANCE SHEET|||
|---|---|---|---|---|
||AS AT 5APRIL 2022||||
|||2022||2021|
||Note||||
|FIXEDASSETS|||||
|Investments||44,464,803||43,375,020|
|Investment
Properties||7,039,000||7,087,500|
|Tangible Fixed Assets||||500|
|Total Fixed Assets||51,503,803||50,463,020|
|CURRENT ASSETS|||||
|Debtors|10|279,900|329,677||
|Cash at bank and
in hand|11|1,380,535|1,266,212||
|Total Current Assets||1,660,435|1,595,889||
|CREDITORS|||||
|Amounts
falling due within one year|12|(931,450)|(1,168,481)||
|NET CURRENT ASSETS||728,985||427,408|
|TOTAL ASSETS LESSCURRENT|LIABILITIES|52,232,788||50,890,428|
|CREDITORS|||||
|Amounts
falling due after|||||
|more than one year|12|(273,250)||(220,489)|
|NET ASSETS||51,959,538||50,669,939|
|FUNDS|||||
|Expendable
Endowment|14|50,655,630||49,428,483|
|Unrestricted
Income|14|1,303,908||1,241,456|
|TOTAL CHARITY FUNDS||51,959,538||50,669,939|
##
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||||2022||2021|
|---|---|---|---|---|---|
|||Note||||
|CASH FLOW FROM OPERATING ACTIVITIES||||||
|Net Income/(Expenditure)
for year (as per||SOFA)|(28,590)||(32,089)|
|Adjustment
for:||||||
|Dividends,
interest and rents from|investments||(1,389,688)||(1,335,855)|
|Depreciation
charge for year|||500||500|
|(Increase)
/ decrease
in debtors|||49,777||(99,951)|
|Increase
/ (decrease)
in creditors|||(184,270)||(182,514)|
|Net cash provided
(for) / by operating|activities||(1,552,271)||(1,649,909)|
|CASH FLOW FROM INVESTING ACTIVITIES||||||
|Sale ofinvestments|||10,931,567||21,470,660|
|Dividends,
interest and rents from investments|||1,389,688||1,335,855|
|Additions to property,
plant and equipment|||||(956,666)|
|Purchase ofinvestments|||(10,693,968)||(24,202,070)|
|NET CASH FLOWS FROM||||||
|INVESTING ACTIVITIES|||1,627,287||(2,352,221)|
|CHANGE
IN CASH AND CASH EQUIVALENTS|||75,016||(4,002,130)|
|Cash and cash equivalents
brought forward|||2,249,432||6,251,562|
|CASH AND CASH EQUIVALENTS||||||
|CARRIED FORWARD|||2,324,448||2,249,432|
|Anal sis ofchan es in net debt:|||5April 2021|Gashflows|5April 2022|
||||E||F|
|Cash and cash equivalents|||2,249,432|75,016|2,324,448|
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|3.|RETURNED GRANTS|FO|R THE YEAR ENDED 5AP|RIL 2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||F||
||Footprints
Capital Grant|||||50,000|
|4.|PROPERTY EXPENDITURE||||||
||||||2022|2021|
||Light, Heat, Rates and Water||||3,856|2,280|
||Insurance
and Security||||16,798|11,360|
||Professional
Fees and Advertising||||26,330|35,688|
||Service charges||||21,445|7,374|
||Refurbishment||||9,298|10,642|
||||||77,?27||
||Investment
property expenses|relate solely to the Unrestricted||Income Fund|in the current and preceding||
||year.||||||
|5.|CHARITABLE GRANTS|||||2022|
|||||||E|
||Purposes
Beneficial to the Community||||||
||Ashfield
Voluntary
Action|||||3,000|
||Bridges Community
Trust|||||5,000|
||Bassetlaw Action Centre|||||3,500|
||Chase NC|||||5,000|
||Epic Partners|||||3,500|
||Equation|||||3,000|
||Fareshare|||||10,000|
||Handmade
Theatre|||||2,500|
||Himmah|||||5,000|
||ISAS|||||12,000|
||Jerico Road Project|||||5,000|
||Mansfield
Community
8 Voluntary||Service|||5,000|
||MHA Communities|||||3,000|
||National Justice Museum|||||5,000|
||Netherfield
Forum|||||15,000|
||Nottingham
Arts Theatre|||||2,500|
||Nottingham
Narrowboat|||||8,000|
||Nottinghamshire
Historic Churches||Trust|||2,500|
||Nottingham
YMCA|||||4,000|
||Open Homes Nottingham|||||10,000|
||Open Minds|||||10,000|
||POW Nottingham
Ltd|||||2,500|
||Prison Advice and Care Trust|||||2,500|
||Reach Learning
Disability|||||35,000|
||Relate Nottinghamshire|||||3,250|
||Shareware
Clothing Scheme
S.H.E UK|||||2,000
5,000|
||STAA|||||5,000|
||StJohn's Church,
Bilborough|||||10,000|
||Carried forward|||||187,750|
##
##
||||||||2022|
|---|---|---|---|---|---|---|---|
||||||||E|
|Brought forward|||||||187,750|
|Support Through
Court|||||||5,000|
|The Social Action Hub|||||||3,500|
|Transforming
Notts.|Together||||||4,000|
|We R Here|||||||5,000|
||||||||205,250|
|Relief ofSickness or Disability:|||||General|||
|Autism East Midlands|||||||37,500|
|Bloomin' Dementia|||||||4,000|
|Dove Cottage Day Hospice|||||||5,000|
|Maggies|||||||5,000|
|MND Association|||||||20,000|
|My Sight Notts|||||||15,000|
|Rainbows
Children's||Hospice|||||243,000|
|Rosie May Foundation|||||||5,000|
||||||||334,500|
|Welfare ofthe Aged||||||||
|Age UK Nottingham|8 Notts||||||22,500|
|Cornwater
Evergreens|||||||5,000|
|Ecoworks (Nottingham)|||Ltd||||4,000|
|Long Eaton 8 District||Friendly||Invalid 8 Handicapped||Group|4,000|
|Radford Care Group|||||||20,000|
|Wainman
Trust|||||||5,000|
||||||||60,500|
|Welfare ofthe Young||||||||
|Each Amazing
Breath|||||||45,000|
|Focus on Young People|||in Bassetlaw||||2,000|
|Freedom Foundation|||||||3,000|
|Greenway
Centre|||||||5,000|
|Happy Days|||||||2,000|
|Home Start Nottingham|||||||6,500|
|Little Hearts Matter|||||||5,000|
|PASIC|||||||10,000|
|Read for Good|||||||4,500|
|Safer Living Foundation|||||||15,000|
|The Wolfpack Project|||||||5,000|
|Think Children|||||||5,000|
|Transform
Training|||||||4,500|
|When You Wish Upon||A|Star||||10,000|
||||||||122,500|
##
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||||||||||2022|
|---|---|---|---|---|---|---|---|---|---|
||Accommodation|||||||||
||Emmanuel|House Support Centre|||||||25,000|
||Evolve||||||||3,000|
||Hope into Action UK||||||||4,700|
||Host Nottingham||||||||3,000|
||Nottingham|8 Notts. Refugee Forum|||||||5,000|
||||||||||40,700|
||Education|||||||||
||Footprints||||||||135,000|
||ICAN||||||||10,000|
||Nottingham|High School|||||||45,000|
||R.E.A.L Foundation||||||||105,000|
||Upreach||||||||7,500|
||||||||||302,500|
||||||||||1,065,950|
|6.|SUPPORT|COSTS INCLUDING|||||GOVERNANCE COSTS|2022|2021|
||||||||||F|
||Legal Fees|||||||23,198|16,011|
||Administration,|||Accountancy||and|Taxation Fees|63,382|57,640|
||Audit Fee|||||||4,400|3,395|
||Sundries|||||||50|25|
||Investment|advice|||||||8,250|
||Printing,
postage, stationery|||||and|office consumables|987|1,302|
||Depreciation|||||||500|500|
|||||||||92,517|87,123|
|7.|INVESTMENTS||||||||2022|
||Market Value||at|6April 2021|||||42,391,800|
||Additions||||||||10,693,968|
||Disposals||||||||(10,835,176)|
||Equalisation||Income||||||43,609|
||Realised and||Unrealised||Profit||||1,226,689|
||Market Value||at|5April 2022|||||43,520,890|
||Cash held for Investment||||Purposes||||943,913|
||Total||||||||44,464,803|
##
##
|INVESTMENTS CONT..|.||||
|---|---|---|---|---|
|Analysis ofInvestments|||2022|2021|
|Quoted Investments|||F|F|
|Bonds|||9,168,487|9,359,274|
|Equities|||27,040,064|27,444,498|
|Alternative
Investments|||6,841,645|5,197,535|
|Property|||470,694|390,493|
|Money Market|||||
||||43,520,890|42,391,800|
|Cash held for Investment|Purposes||943,913|983,220|
||||44,464,803|43,375,020|
|The historical cost ofinvestments||at 5 April 2022 was f39,855,628|||
|INVESTMENT PROPERTIES|||||
|||||2022|
|At Cost or Valuation|||||
|As at 6April 2021||||7,087,500|
|Revaluation||||49,000|
|Disposals||||(97,500)|
|As at 5 April 2022||||7,039,000|
##
|TANGIBLE FIXEDASSETS|||
|---|---|---|
||~Cem|uter|
|Cost|||
|At 06 April 2021||1,502|
|At 05 April 2022||1,502|
|Depreciation|||
|At 06 April 2021|1,002||
|Charge for year||500|
|At 05 April 2022|1,502||
|Net BookValue|||
|At 05 April 2022|||
|At 06 April 2021||500|
##
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||||||
|---|---|---|---|---|
|10.|DEBTORS||2022|2021|
|||||f|
||Rents Receivable||257,084|302,414|
||Other Debtors||22,816|27,263|
||||279,900|329,677|
|11.|CASH BALANCES||||
||||2022|2021|
|||||E|
||Cash at Sank||1,292,843|1,209,444|
||Cash Held by Investment|Advisors|87,692|56,768|
||||1,380,535|1,266,212|
||Analysis
OfCash And Cash Equivalents||||
||Cash held for investment|purposes|943,913|983,220|
||Cash at bank and in hand||1,380,535|1,266,212|
||||2,324,448|2,249,432|
|12.|CREDITORS||2022|2021|
||Amounts
falling due within|one year|F|F|
||Trade creditors||35,010||
||VAT||18,445|17,360|
||Grants Committed||683,490|951,118|
||Deferred Income||82,426|81,761|
||Accruals||57,210|65,816|
||Deposit Repayable||50,731|50,731|
||Service Charge||4,138|1,695|
||||931,450|1,168,481|
||Amounts
falling due after|more than one year|||
||Grants Committed||273,250|220,489|
|Deferred|income relates to property
income rec|eived
in advance.|||
|---|---|---|---|---|
|||Under
1 year
F|Over 1 year|Totalf|
|At 6 April|2021|81,761||81,761|
|Additions|in year|82,426||82,426|
|Amounts|released to income|(81,761)||(81,761)|
|At 5 April|2022|82,426||82,426|
##
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||||||2022f|2021|
|---|---|---|---|---|---|---|
||Within one|year|||432,108|446,525|
||Between one and five years||||1,087,999|1,347,157|
||In over five|years|||716,844|890,752|
||||||2,236,951|2,684,434|
|14.|ANALYSIS|OF NETASSETS BETWEEN FUNDS||Unrestricted|Expendable|Total|
|||||Income|Endowment|Funds|
||Investment|Assets||825,785|50,678,018|51,503,803|
||Current Assets|||1,660,435||1,660,435|
||Creditors|||(1,182,312)|(22,388)|(1,204,700)|
||Net Assets|at 5April 2022||1,303,908|50,655,630|51,959,538|
|15.|GRANT COMMITMENT||RECONCILIATION||||
||||||2022|2021|
||||||E|F|
||Commitment|at the start|ofthe year||||
||Payable
in less than one year (Note 12)||||951,118|780,450|
||Payable
in more than one year (Note 12)||||220,489|598,609|
||||||1,171,607|1,379,059|
||Grants committed
during||the year (Note 5)||1,065,950|1,080,200|
||Grants paid|during the year|||(1,280,817)|(1,287,652)|
||||||956,740|1,171,607|
||Commitment|at the end|ofthe year||||
||Payable
in less than one year (Note 12)||||683,490|951,118|
||Payable
in more than one year (Note 12)||||273,250|220,489|
||||||956,740|1,171,607|
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