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|||Page|
|---|---|---|
|Trustees'|annual
report||
|Trustees'|responsibilities
statement||
|Independent
auditor's
report to the members|||
|Statement|offinancial
activities||
|Statement|offinancial
position||
|Statement|ofcash flows|10|
|Notes to the financial statements|||
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|Registered|charity|name|The Stobart Newlands|Charitable|Trust|
|---|---|---|---|---|---|
|Charity registration||number|328464|||
|Principal office|||Mill Croft|||
||||Hesket Newmarket|||
||||Wigton|||
||||Cumbria|||
||||CA7 BHP|||
|The trustees||||||
||||R.J.Stobart|||
||||R.A. Stobart|||
||||P.J.Stobart|||
||||Mrs. L. E. Rigg|||
|Auditor|||Lamont Pridmore|||
||||Chartered
Accountants|&statutory|auditor|
||||31 Lonsdale Street|||
||||Carlisle|||
||||Cumbria|||
||||CA1 1BJ|||
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||Y|ear ended 3|1stDecem|ber 2021|ber 2021||
|---|---|---|---|---|---|---|
|||||2021||2020|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note|||E|
|Income and endowments|||||||
|Donations
and legacies|||4|1,139,375|1,139,375|1,011,875|
|Investment
income|||5|2,481|2,481|2,573|
|Total income||||1,141,856|1,141,856|1,014,448|
|Expenditure|||||||
|Expenditure
on charitable|activities||6,7|892,300|892,300|1,008,825|
|Total expenditure||||892,300|892,300|1,008,825|
|Net income and net movement||in funds||249,556|249,556|5,623|
|Reconciliation
offunds|||||||
|Total funds brought
forward||||98,723|98,723|93,100|
|Total funds carried forward||||348,279|348,279|98,723|
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|||||2021||2020|
|---|---|---|---|---|---|---|
||||Note||||
|Fixed assets|||||||
|Tangible fixed assets|||||55,746|55,861|
|Current assets|||||||
|Debtors|||12|3,030||10,500|
|Cash at bank and|in hand|||289,503||32,362|
|||||292,533||42,862|
|Net current assets|||||292,533|42,862|
|Total assets less|current|liabilities|||348,279|98,723|
|Funds ofthe charity|||||||
|Unrestricted
funds|||||348,279|98,723|
|Total charity funds|||13||34&,279|98,723|
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|||Year ended|31stDecember|2021||
|---|---|---|---|---|---|
|||||2021|2020|
||||||F|
|Cash flows from operating||activities||||
|Net income||||249,556|5,623|
|Adjustments
for:||||||
|Depreciation
oftangible|fixed assets|||115|152|
|Dividends,
interest and|rents|from investments||(2,280)|(2,280)|
|Other interest receivable|and|similar income||(201)|(293)|
|Interest payable
and similar charges||||92|86|
|Changesin:||||||
|Trade and other debtors||||7,470|750|
|Cash generated
from operations||||254,752|4,038|
|Interest paid||||(92)|(86)|
|Interest received||||201|293|
|Net cash from operating|activities|||254,861|4,245|
|Cash flows from investing||activities||||
|Dividends,
interest and|rents|from investments||2,280|2,280|
|Net cash from investing|activities|||2,280|2,280|
|Net increase
in cash and cash equivalents||||257,141|6,525|
|Cash and cash equivalents||at beginning|ofyear|32,362|25,837|
|Cash and cash equivalents||at end ofyear||289,503|32,362|
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|Donations|and legacies|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|||E||E|E|
|Donations||||||
|Donations|under Gift Aid|1,111,500|1,111,500|984,500|984,500|
|Gift Aid tax|refunds|27,875|27,875|27,375|27,375|
|||1,139,375|1,139,375|1,011,875|1,011,875|
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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2021|Funds|2020|
|||F||F||
|Rent|receivable|2,280|2,280|2,280|2,280|
|Bank|interest receivable|201|201|293|293|
|||2,481|2,481|2,573|2,573|
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|Expenditur|e
on charitable
a|ctivities
by fund type||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|||E||F|E|
|Charitable|activities|891,500|891,500|1,007,050|1,007,050|
|Support costs||800|800|1,775|1,775|
|||892,300|892,300|1,008,825|1,008,825|
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|Expenditure|on charitable
a|ctivities
by ac|tivity type||||
|---|---|---|---|---|---|---|
|||Grant|funding|Support|Total funds|Total fund|
|||of|activities|costs|2021|2020|
||||E|F||E|
|Charitable|activities||891,500|708|892,208|1,008,739|
|Governance|costs|||92|92|86|
||||891,500|800|892,300|1,008,825|
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||World Vision||250,000||
|---|---|---|---|---|
||Mission Aviation
Fellowship||215,000||
||Operation
Mobilisation||142,000||
||Every Home Crusade||28,500||
||Open Air Mission||23,000||
||London
City Mission||23,000||
||Keswick Ministries||22,000||
||NISCU North Cumbria||16,500||
||Logos Ministries||15200||
||||736,200||
||Grants of less than 210,000||155300||
|8.|Net income||||
||Net income is stated after charging/(crediting):||||
||||2021|2020|
|||||E|
||Depreciation
oftangible|fixed assets|115|152|
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||||Land and|Fixtures and||
|---|---|---|---|---|---|
||||buildings|fittings
E|Total
f|
|Cost||||||
|At 1stJanuary||2021 and 31st December 2021|55,403|15,019|70,422|
|Depreciation||||||
|At 1stJanuary||2021||14,561|14,561|
|Charge|for the|year||115|115|
|At 31st|December 2021|||14,676|14,676|
|Carrying|amount.|||||
|At 31st|December 2021||55,403|343|55,746|
|At 31st December 2020|||55,403|458|55,861|
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|||2021|2020|
|---|---|---|---|
|||E||
|Other|debtors|3,030|10,500|
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|Unrestri|cted
funds|||||
|---|---|---|---|---|---|
|||At 1"|||At 31st|
|||January 2021|InCOme|EXPenditure|December 2021|
|||E|||f.|
|General|funds|98,723|1,141,856|(892,300)|348,279|
|||At 1st|||At 31"|
|||January 2020|InCOme|EXPenditure|December 2020|
|||F|E|E|E|
|General|funds|93,100|1,014,448|(1,008,825)|98,723|
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|Year ended 31s
Analysis ofnet assets between funds|tDecember 2021||
|---|---|---|
||Unrestricted|Total Funds|
||Funds|2021|
||E||
|Tangible fixed assets|55,746|55,746|
|Current assets|292,533|292,533|
|Net assets|348,279|348,279|
||Unrestricted|Total Funds|
||Funds|2020|
||E|E|
|Tangible fixed assets|55,861|55,861|
|Current assets|42,862|42,862|
|Net assets|98,723|98,723|
|15.|Analysis ofchanges|Analysis ofchanges|in net debt||||||
|---|---|---|---|---|---|---|---|---|
||||||At||At||
|||||1|Jan 2021|Cash flows|31 Dec|2021|
||||||E|E||E|
||Cash at bank and|in|hand||32,362|257,141|289,503||
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