||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|4|
|Independent
Examiner's|Report||||
|Statement
of Financial|Activities||||
|Balance Sheet||7|to|8|
|Notes to the Financial Statements||9|to|16|
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|||for t|he year ended 31 March|2021||
|---|---|---|---|---|---|
|||||2021|2020|
|||||Unrestricted|Total|
|||||funds|funds|
||||Notes||C|
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies|||||1,809|
|Charitable
activities||||||
|Charitable
activities||||158,890|171,989|
|Investment
income||||15,665|18,999|
|Other income|||||4,934|
|Total||||174,555|197,731|
|EXPENDITURE ON||||||
|Raising funds||||6,863|6,017|
|Charitable
activities||||||
|Charitable
activities||||67,923|95,472|
|Total||||74,786|101,489|
|Net gains/(losses)
on|investments|||144,136|(88,540)|
|NET INCOME||||243,905|7,702|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought|forward|||1,612,090|1,604,388|
|TOTAL FUNDS CARRIED FORWARD||||1,855,995|1,612,090|
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|||BALANCE SHEET
31 March 2021|||
|---|---|---|---|---|
||||2021|2020|
||||Unrestricted|Total|
||||funds|funds|
|||Notes|C|C|
|FIXEDASSETS|||||
|Tangible assets|||403,494|403,494|
|Investments|||900,965|701,950|
||||1,304,459|1,105,444|
|CURRENT ASSETS|||||
|Debtors||10|98,536|54,496|
|Cash at bank and|in hand||506,103|510,027|
||||604,639|564,523|
|CREDITORS|||||
|Amounts
falling due within one year|||(53,103)|(57,877)|
|NET CURRENT ASSETS|||551,536|506,646|
|TOTAL ASSETS|LESSCURRENT||||
|LIABILITIES|||1,855,995|1,612,090|
|NET ASSETS|||1,855,995|1,612,090|
|FUNDS||12|||
|Unrestricted
funds|||1,855,995|1,612,090|
|TOTAL FUNDS|||1,855,995|1,612,090|
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|INVESTMENT INCOME||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||P||
|Income from listed investments||||11,307|12,555|
|Deposit account interest||||583|1,714|
|Interest receivable
on loan||to subsidiary||3,775|4,730|
|||||15,665|18,999|
|RAISING FUNDS||||||
|Investment
management||costs||||
|||||2021|2020|
|Portfolio management||||6,863|6,017|
|NET INCOME/{EXPENDITURE)||||||
|Net income/(expenditure)|is stated after charging/(crediting):|||||
|||||2021|2020|
|||||E||
|Auditors'
remuneration|||||2,675|
|TRUSTEES' REMUNERATION|||AND BENEFITS|||
|TRUSTEES' REMUNER|ATION
AND|BENEFITS|||
|---|---|---|---|---|
|There were no trustees'|remuneration|or other benefits|for the year ended 31 March 2021 nor for the||
|year ended 31 March 2020.|||||
|Trustees' expenses|||||
||||2021|2020|
||||E||
|Trustees' expenses|||261|588|
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|6.|STAFF COSTS||f|or the year|or the year|ended 31 March 2021|||
|---|---|---|---|---|---|---|---|---|
||The average
monthly|number|of|employees||during the year was as follows:|||
||||||||2021|2020|
||Administration||||||1|1|
||No employees
received emoluments||||in excess of060,000.||||
|7.|COMPARATIVES FOR THE||STATEMENT|||OF FINANCIAL ACTIVITIES|||
|||||||||Unrestricted|
|||||||||funds|
||INCOME AND ENDOWMENTS|||FROM|||||
||Donations
and legacies|||||||1,809|
||Charitable
activities||||||||
||Charitable
activities|||||||171,989|
||Investment
income|||||||18,999|
||Other income|||||||4,934|
||Total|||||||197,731|
||EXPENDITURE ON||||||||
||Raising funds|||||||6,017|
||Charitable
activities||||||||
||Charitable
activities|||||||95,472|
||Total|||||||101,489|
||Net gains/(losses)
on|investments||||||(88,540)|
||NET INCOME|||||||7,702|
||RECONCILIATION
OF FUNDS||||||||
||Total funds brought|forward||||||1,604,388|
||TOTAL FUNDS CARRIED FORWARD|||||||1,612,090|
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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Fixtures||
||Freehold|Plant and|and||
||property|machinery|fittings|Totals|
|||||C|
|COST|||||
|At 1 April 2020 and 31 March 2021|403,490|38,787|10,927|453,204|
|DEPRECIATION|||||
|At 1 April 2020 and 31 March 2021||38,785|10,925|49,710|
|NET BOOK VALUE|||||
|At 31 March 2021|403,490||2|403,494|
|At 31 March 2020|403,490||2|403,494|
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|FIXEDASSETINVESTMENTS||||
|---|---|---|---|
|||2021|2020|
|||E|C|
|Shares||761,097|562,082|
|Loans||139,868|139,868|
|||900,965|701,950|
||Shares in|||
||group|Listed||
||undertakings|investments|Totals|
|MARKET VALUE||||
|At 1 April 2020|100|561,982|562,082|
|Additions||54,879|54,879|
|Revaluations||144,136|144,136|
|At 31 March 2021|100|760,997|761,097|
|NET BOOK VALUE||||
|At 31 March 2021|100|760,997|761,097|
|At 31 March 2020|100|561,982|562,082|
||||Loans to|
||||group|
||||undertakings|
||||E|
|At 1 April 2020 and 31 March 2021|||139,868|
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|Cost or v|alu|ation
at 31 March 2021 is r|epresented
by;|||
|---|---|---|---|---|---|
||||Shares
in|||
||||group|Listed||
||||undertakings|investments|Totals|
|||||E||
|Valuation|in|2021||144,136|144,136|
|Valuation|in|2020||(48,628)|(48,628)|
|Cost|||100|665,489|665,589|
||||100|760,997|761,097|
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|DEBTORS:AMOUNTS
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2021|2020|
||||C|
|Trade debtors||47,859|20,887|
|Other debtors||25,310|21,535|
|Amounts
due from||||
|Service Charge Fund||22,734|10,507|
|VAT||194||
|Prepayments||2,439|1,567|
|||98,536|54,496|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||2021|2020|
|Trade creditors||754|1,715|
|VAT|||1,642|
|Other creditors||9,533|6,933|
|Accruals and deferred income||42,816|47,587|
|||53,103|57,877|
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|MOVEM|EN|T
IN FUNDS||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.20|in funds|31.3.21|
|Unrestricted||funds||||
|General|fund||1,333,039|243,905|1,576,944|
|Designated||fund|279,051||279,051|
||||1,612,090|243,905|1,855,995|
|TOTAL|FUNDS||1,612,090|243,905|1,855,995|
##
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|Net movemen|t
in funds, included|in the above are as follows|:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
||||||C|
|Unrestricted|funds|||||
|General fund||174,555|(74,786)|144,136|243,905|
|TOTAL FUNDS||174,555|(74,786)|144,136|243,905|
##
|Cornparativ|es
for movement
in funds||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.4.19|in funds|31.3.20|
|||||E|
|Unrestricted|funds||||
|General fund||1,325,337|7,702|1,333,039|
|Designated|fund|279,051||279,051|
|||1,604,388|7,702|1,612,090|
|TOTAL FUNDS||1,604,388|7,702|1,612,090|
|Comparative|net movement
in fun|ds,
included
in the above|are as follows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||197,731|(101,489)|(88,540)|7,702|
|TOTAL FUNDS||197,731|(101,489)|(88,540)|7,702|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.4.19|in funds|31.3.21|
|Unrestricted|funds||||
|General fund||1,325,337|251,607|1,576,944|
|Designated|fund|279,051||279,051|
|||1,604,388|251,607|1,855,995|
|TOTAL FUNDS||1,604,388|251,607|1,855,995|
##
##
|A current
yea
above are as|r 12 months
and pr
follows:|ior year 12 months
combi|ned
net movem|ent
in funds,
|included
in|
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|||E||||
|Unrestricted|funds|||||
|General fund||372,286|(176,275)|55,596|251,607|
|TOTAL FUNDS||372,286|(176,275)|55,596|251,607|