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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|12|
|Detailed Statement ofFinancial Activities||||
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|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total|Total|
|||funds|fund|funds|funds|
||Notes||||6|
|INCOME AND ENDOWMENTS FROM||||||
|Contributions
trom residents||22,246||22,246|21,361|
|Investment
income||27,164||27,164|25,739|
|Total||~49 410||49,410|47,100|
|EXPENDITURE ON||||||
|Support costs||20,654||20,654|20,718|
|Management
and administration||||||
|Management
and administration||18,780|8,841|27,621|25,677|
|Total||39,434|8 841|48275|46395|
|Net gains/(losses)
on investments|||~81,9977|~81197|28,187|
|NET INCOME/(EXPENDITURE)||9,976|(90,438)|(80,462)|28,892|
|RECONCILIATION
OP FUNDS||||||
|Total funds brought forward||110,274|1,399,416|1,509,690|1,480,798|
|TOTAL FUNDS CARRIED PORWARD||120250|1308978|1,429 228|1,509,690|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total|Total|
|||||fimds|fund|funds|funds|
||||Notes||f.|||
|FIXEDASSETS||||||||
|Tangible assets|||5||400,000|400,000|400,000|
|Investments|||6|73,804|908,978|982782|~1077,057|
|||||73,804|1,308,978|1,382,782|1,477,057|
|CURRENT ASSETS||||||||
|Debtors
Cash at bank|||7|26,937
27,147||26,937
27,147|17,449
~22 599|
|||||54,084||54,084|40,048|
|CREDITORS||||||||
|Amounts
falling|due within one year||8|(7,638)||(7,638)|(7,415)|
|NET CURRENT ASSETS||||46446||~46446|32,633|
|TOTAL ASSETSLESSCURRFPK||||||||
|LIABILITIES||||120,250|1,308,978|1,429,228|1,509,690|
|NET ASSETS||||120250|I 308 978|1,429228|1 509,690|
|FUNDS||||||||
|Unresnicted
funds:||||||||
|General fund||||||91,780|90,704|
|Extraordinary|Repair|Fund||||12,035|4,535|
|Cyclical Maintenance||Fund||||16435|15,035|
|||||||120250|110,274|
|Endowment
Funds||||||~1308978|1,399416|
|TOTAL FUNDS||||||~1429,228|1,509 690|
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||||2023|2022|
|---|---|---|---|---|
||||8||
|Investment|income|- Fixed Interest Securities|2,483|2,033|
|Investment|Income|- UK Equities|~24681|~23 706|
||||27,164|~25 739|
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|||Unrestricted|Endowment|Total|
|---|---|---|---|---|
|||funds|fund|funds|
|INCOME AND ENDOWMENTS FROM|||||
|Contributions|trom residents|21,361||21,361|
|Investment
income||25,739||~25 739|
|Total||47,100||47,100|
|EXPENDITURE ON|||||
|Support costs||20,718||20,718|
|Management|and administration||||
|Management|snd administration|25 677||25,677|
|Total||46,395||46,395|
##
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||for the Year|for the Year|for the Year|Ended 5April 20|Ended 5April 20|23|23|23|23||
|---|---|---|---|---|---|---|---|---|---|---|
||COMPARATIVES FORTHE STATEMENT|||OFFINANCIAL||ACTIVITKS - continued|||||
|||||||Unrestricted||Endowment||Total|
|||||||funds|||End|funds|
|||||||6|||||
||Net gains/(losses)
on investments||||||||28,187|~28 187|
||NET INCOME/(EXPENDITURE)|||||705|||28,187|28,892|
||RECONCILIATION|OF FUNDS|||||||||
||Total funds brought forward|||||109,569||1,371,229||1,480,798|
||TOTAL FUNDS CARRIED FORWARD|||||110374||1,399,416||1,509 690|
|5.|TANGIBLE FIXED|ASSETS|||||||||
|||||||||||Freehold|
|||||||||||property|
||COST||||||||||
||At 6April 2022 and 5|April 2023||||||||400,000|
||NET BOOKVALUE||||||||||
||At 5 April 2023|||||||||~400 000|
||At 5April 2022|||||||||~400 000|
||The properties
were revalued||by Independent|surveyor|Cottons|Chartered|Surveyors||in November
2020 at||
||6400,000.||||||||||
|6.|FIXEDASSETINVESTMENTS||||||||||
|||||||||||Investment|
|||||||||||portfolio|
||MARKET VALUE||||||||||
||At 6 April 2022|||||||||1,077,057|
||Additions|||||||||88,226|
||Disposals
Revaluations|||||||||(85,209)
~97 292|
||At 5April 2023|||||||||982,782|
||NET BOOKVALUE||||||||||
||At 5April 2023|||||||||982,782|
||At 5April 2022|||||||||~1077057|
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|||||||||Investment|
|---|---|---|---|---|---|---|---|---|
|||||||||portfolio|
||Valuation
in|2023||||||29,540|
||Cost|||||||~953242|
|||||||||982,782|
|7.|DEBTORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR||||||
||||||||2023|2022|
||||||||f||
||Other debtors||||||25,994|15,749|
||Prepayments||||||943|1,700|
||||||||26,937|17,449|
|8.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||||
||||||||2023|2022|
||Other creditors||||||7,638|~7415|
|9.|MOVEMENT IN FUNDS||||||||
||||||||Net||
||||||||movement|At|
||||||At|6.422|in funds|5.4.23|
||Unrestricted|funds|||||||
||General fund||||90,704||1,076|91,780|
||Designated Extraordbrsry
Repair
Designated
Cyclical Maintenance|||Fund
Fund|4,535
15035||7,500
~1400|12,035
16,435|
||||||110,274||9,976|111,409|
||Endowment|funds|||||||
||Permanent
Endowment||||1,399,416||(90,438)|1,308,978|
||TOTAL FUNDS||||1,509690||~80462|14292211|
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||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|||||8||f|
|Unrestricted||funds|||||
|General fund|||49,410|(39,434)||9,976|
|Endowment||funds|||||
|Permanent|Endowment|||(8,841)|(81,597)|(90,438)|
|TOTAL FUNDS|||49,410|~48
75|81597|80,462|
|Unrestricted||funds|||||
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|||||||Net||
|---|---|---|---|---|---|---|---|
|||||||movement|At|
||||||At 6.4.21|in funds|5.422|
|Unrestricted||funds||||||
|General fund|||||89,999|705|90,704|
|Designated||Extraordinary|Repair|Fund|4,535||4,535|
|Designated||Cyclical Maintenance||Fund|15035||15,035|
||||||109,569|28,892|110,274|
|Endowment||funds||||||
|Permanent|Endowment||||1,371,229|2$,187|1,399,416|
|TOTAL FUNDS|||||1,4$0798|28 892|~1509,690|
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
||||||8|
|Unrestricted|funds|||||
|General fund||47,100|(46,395)||705|
|Endowment|funds|||||
|Permanent
Endowment||||28,1&7|28,187|
|TOTAL FUNDS||47 100|~46,395|28,1$7|28,892|
|||||||Net||
|---|---|---|---|---|---|---|---|
|||||||movement|At|
||||||At 6.421|in funds|5.4.23|
||||||f|||
|Unrestricted||funds||||||
|General fund|||||89,999|1,781|91,780|
|Designated||Extraordinary|Repair|Fund|4,535|7,500|12,035|
|Designated||Cyclical Maintenance||Fund|15,035|1,400|16,435|
||||||109,569|10,681|111,409|
|Endowment||funds||||||
|Permanent|Endowment||||1371,229|(62,251)|1,308,97$|
|TOTAL FUNDS|||||I 499799|~51,5711|I 429 229|
||||||Income k.|Resources|Gains snd|Movement|
|---|---|---|---|---|---|---|---|---|
||||||transfers
f,|expended
8|losses
f|in funds|
|Unrestricted||funds|||||||
|General fund|||||96,510|(94,729)||1,781|
|Designated||Extraordinary|Repair|Fund|7,500|||7,500|
|Designated||Cyclical Maintenance||Fund|2,000|(600)||1,400|
|Endowment||funds|||||||
|Permanent|Endowment|||||(8,841)|(53,410)|(62451)|
|TOTAL FUNDS|||||106,010|(1~04,170|53,410|~51,570)|
##
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|for the|Year Ended 5April 20|23||
|---|---|---|---|
|||2023|2022|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|HB Receipts||22,246|21,361|
|Investment
income||||
|Investment
income - Fixed Interest Securities||2,483|2,033|
|Inveslment
Income - UK Equities||24,681|23,706|
|||27,164|25,739|
|Total incoming resources||49,410|47,100|
|EXPENDITURE||||
|Support casts||||
|Insurance||7,313|5,804|
|Water rates||1,700|1,155|
|Light and heat||471|480|
|General repairs and heating||3,850|7,722|
|Cleaning
and pest contml||1,145|1,343|
|Grants paid||5,775|4,214|
|Christmas
gifts to residents||400||
|||20,654|20,718|
|Management
and administration||||
|Legal fees - Tyndalwoods||9,264|7,525|
|Accountancy||3,922|3,634|
|Brokers Management
fee (charged to endowment|fund)|8,841|9,636|
|BCOP Management
fees||5,594|4,333|
|Trustees
msulance|||549|
|||27,621|~25 677|
|Total resources
expended||~48 275|~46 395|
|Net income before gains and losses||1,135|705|
|Net gains and losses||||
|Net gains/(losses)
on fixed asset investments||81 59|~28 187|
|Net (expenditure)/income||L80,462)|~28 892|