| Page | |||||
|---|---|---|---|---|---|
| Reference and administrative | details ofthe foundation, | its trustees | and advisers | 1-2 | |
| Chairman's | statement | 3-7 | |||
| Trustees' report |
8-15 | ||||
| Independent | auditors' report |
on the financial statements | 16-19 | ||
| Consolidated | statement offinancial activities |
20-21 | |||
| Consolidated | balance sheet | 22-23 | |||
| Foundation | balance sheet | 24-25 | |||
| Consolidated | statement ofcash flows | 26 | |||
| Notes to the | financial statements | 27-53 |
| Trustees | M G0 Bridgeman* | M G0 Bridgeman* | |||
|---|---|---|---|---|---|
| N DTCrawley | |||||
| S L Graham | |||||
| AW0 Kenyon* | |||||
| C W Moyle | |||||
| C Kenyon-Blaney, | Chair ofTrustees | ||||
| *Member of | the Audit Committee | ||||
| Company | registered | ||||
| number | 02076097 | ||||
| Charity registered | |||||
| number | 518325 | ||||
| Registered | office | Weston Park | |||
| Wsston-under-Lizard | |||||
| Shifnal | |||||
| Shropshire | |||||
| TF11 BLE | |||||
| Chief Executive Officer | C PSweeney | ||||
| Key Senior | Positions | C P Sweeney, | Chief Executive Officer | ||
| G Williams, Curator |
|||||
| T O' Hara, Finance | Oificer | ||||
| Independent | auditors | WR Partners | |||
| Chartered Accountants |
|||||
| Belmont House | |||||
| Shrewsbury Business Park |
|||||
| Shrewsbury | |||||
| Shropshire | |||||
| SY26LG |
| Endowment | Restricted | Unrestricted | Total | Tote/ | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| Note | 6 | 6 | 5 | ||||
| Income and | |||||||
| endowments | from: | ||||||
| Charitable activities |
178,805 | 306,358 | 485,163 | 721,198 | |||
| Other trading | activities | 2,152,448 | 2,152,448 | 1,848,305 | |||
| Investments | 6 | 171,178 | 235,969 | 407,147 | 402,012 | ||
| Other income | 8 | 2 | 2 | 146,323 | |||
| Total income | and | ||||||
| endowments | 171,178 | 178,805 | 2,694,777 | 3,044,760 | 3,117,838 | ||
| Expenditure | on: | ||||||
| Raising funds | 1,822,150 | 1,822,150 | 1,516,735 | ||||
| Charitable activities |
435,020 | 1,760,757 | 2,195,777 | 1,694,249 | |||
| Total expenditure | 435,020 | 3,582,907 | 4,017,927 | 3,210,985 | |||
| Net | |||||||
| income/(expenditure) | |||||||
| before net | |||||||
| (losses)/gains | on | ||||||
| investments | 171,178 | (256,215) | (888,130) | (973,167) | (93,147) | ||
| Net (losses)/gains on |
|||||||
| investments | (670,514) | (81,167) | (751,681) | 1,105,388 | |||
| Net | |||||||
| (expenditure)/income | (499,336) | (256,215) | (969,297) | (1,724,848) | 1,012,241 | ||
| Transfers between |
|||||||
| funds | 21 | (480,065) | 106,463 | 373,602 | |||
| Net movement in |
|||||||
| funds | (979,401) | (149,752) | (595,695) | (1,724,848) | 1,012,241 |
| Endowment | Restricted | Unrestdcted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| Note | 6 | 8 | |||||
| Reconciliation | of | ||||||
| funds: | |||||||
| Total funds brought | |||||||
| forward | 17,439,536 | 149,752 | 1,121,194 | 18,710,482 | 17,698,241 | ||
| Net movement | in funds | (979,401) | (149,752) | (595,895) | (1,724,848) | 1,012,241 | |
| Total funds carried | |||||||
| forward | 16,460,135 | 526,499 | 16,985,634 | 18,710,482 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 6 | |||||
| Fixed assets | ||||||
| Tangible assets | 14 | 126,766 | 160,765 | |||
| Heritage assets | 15 | 8,377,942 | 8,377,942 | |||
| Investments | 16 | 8,515,659 | 9,652,341 | |||
| 17,020,367 | 18,191,048 | |||||
| Current assets | ||||||
| Stocks | 17 | 40,020 | 38,646 | |||
| Debtors | 18 | 166,323 | 230,612 | |||
| Cash at bank and | in hand | 873,540 | 1,029,784 | |||
| 1,079,883 | 1,299,042 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 19 | (1,114,616) | (776,963) | |||
| Net current liabilities Iassets | (34,733) | 522,079 | ||||
| Total assets less | current liabilities | 16,985,634 | 18,713,127 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 20 | (2,645) | ||||
| Total net assets | 16,985,634 | 18,710,482 |
| CONSOLIDATED BALANCE SHEET (CONTINUED) | CONSOLIDATED BALANCE SHEET (CONTINUED) | |||
|---|---|---|---|---|
| AS AT 31 DECEMBER 2022 | ||||
| 2022 | 2021 | |||
| Note | E | |||
| Charity funds | ||||
| Endowment | funds | 21 | 16,460,135 | 17,439,538 |
| Restricted funds | 21 | 149,752 | ||
| Unrestricted | funds | 21 | 525,499 | 1,121,194 |
| Total funds | 16,965,634 | 18,710,482 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 6 | |||||
| Fixed assets | ||||||
| Tangible assets | 14 | 39,693 | 54,372 | |||
| Heritage assets | 15 | 8,377,942 | 8,377,942 | |||
| Investments | 16 | 8,595,659 | 9,732,341 | |||
| 17,013,294 | 18,184,S55 | |||||
| Current assets | ||||||
| Stocks | 17 | 3,356 | 3,575 | |||
| Debtors | 18 | 46,346 | 59,793 | |||
| Cash at bank and | in hand | 4,519 | 178,404 | |||
| 54,221 | 249,772 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 19 | (539,535) | (313,189) | |||
| Net current liabilities | (485,314) | (53,417) | ||||
| Total assets less | current liabilities | 16,527,980 | 18,101,238 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 20 | (2,545) | ||||
| Total net assets | 16,527,980 | 18,098,593 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 6 | ||||||
| Cash flows from operating | activities | ||||||
| Net cash used in operating |
activities | 23 | (1,424,816) | 1,111,184 | |||
| Cash flows from investing | activities | ||||||
| Purchase oftangible fixed assets | (34,469) | (830) | |||||
| Movement on fixed asset investments |
1,136,682 | (955,387) | |||||
| Net cash provided by/(used in) investing |
activities | 1,102,213 | (956,217) | ||||
| Change in cash and cash |
equivalents | in | the year | (322,603) | 154,967 | ||
| Cash and cash equivalents | at the beginning | ofthe year | 1,029,784 | 874,817 | |||
| Cash and cash equivalents | at the end of | the year | 24 | 707,181 | 1,029,784 | ||
| The notes on pages 27 to 53form part ofthese financial | statements |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 5 | 8 | 5 | 8 | ||
| Education and | Public | 186,974 | 186,974 | 217,923 | |
| Grant income | 178,805 | 61,752 | 240,557 | 424,802 | |
| Livestock 8 produce | 2,549 | 2,549 | 4,038 | ||
| Timber sales | 5,204 | 5,204 | 17,445 | ||
| Commissions | receivable | 49,797 | 49,797 | 58,907 | |
| Curatorial income |
82 | 82 | 83 | ||
| Total 2022 | 178,805 | 306,358 | 485,163 | 721,198 | |
| Total 2021 | 279,098 | 442 100 | 721,198 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| F | 5 | ||
| Trading income | 2,152,448 | 2,152,448 | 1,848,305 |
| Total 2022 | 2,152,448 | 2,152,448 | 1,848,305 |
| Total 2021 | 1,848,305 | 1,848,305 |
| Endowment | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| 6 | ||||
| Rents receivable | 215,967 | 215,967 | 212,854 | |
| Income from listed fixed asset investments | 171,178 | 19,594 | 190,772 | 188,993 |
| Bank interest receivable | 408 | 408 | 165 | |
| Total 2022 | 171,178 | 235,969 | 407,147 | 402,012 |
| Total 2021 | 173,456 | 228,556 | 402,012 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| 5 | 6 | ||||
| Covid-19 income | 137,233 | ||||
| Other incoming resources | 2 | 9,090 | |||
| Total 2022 | 2 | 146,323 | |||
| Total 2021 | 146,323 | 146,323 | |||
| 9. | Expenditure | on raising funds | |||
| Fundraising | trading expenses |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022f | 2021 | ||
| Trading | expenses | 843,963 | 843,963 | 661,011 |
| Wages | and salaries | 830,402 | 830,402 | 590,550 |
| National | insurance costs | 50,920 | 50,920 | 39,437 |
| Pension | costs | 43,999 | 43,999 | 62,821 |
| Depreciation | 52,866 | 52,866 | 62,617 | |
| Total 2022 | 1,822,150 | 1,822,150 | 1,516,736 | |
| Total 2021 | 1,516,736 | 1,516,736 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total | Total | |||
| directly | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| E | 6 | ||||
| Preservation | ofProperty | 2,195,777 | 2,195,777 | 1,694,249 | |
| Total 2022 | 2,195,777 | 2,195,777 | 1,694,249 | ||
| Total 2021 | 1,694,249 | 1,694,249 | |||
| Analysis of | direct costs | ||||
| Total | Total | ||||
| Unrestricted | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| 8 | 5 | ||||
| Staffcosts | 517,371 | 517,371 | 410,233 | ||
| Depreciation | 14,680 | 14,680 | 14,875 | ||
| Purchases & |
Consumables | 76,100 | 76,100 | 46,459 | |
| Insurance | 99,742 | 99,742 | 95,596 | ||
| Repairs &Maintenance | 740,456 | 740,456 | 412,866 | ||
| Printing, postage |
&stationery | 17,294 | 17,294 | 1,380 | |
| Motor Costs | 2,372 | 2,372 | 288 | ||
| Professional | Fees | 137,856 | 137,856 | 87,302 | |
| Sundry Expenses | 152,773 | 152,773 | 114,737 | ||
| Property Costs | 286,953 | 286,953 | 394,771 | ||
| Bank charges | 10,002 | 10,002 | 6,321 | ||
| Land agent fees | 102,808 | 102,808 | 73,917 | ||
| Other accounting | services | 17,200 | 17,200 | 18,283 | |
| Governance costs | 20,170 | 20,170 | 19,221 | ||
| Total 2022 | 2,195,777 | 2,195,777 | 1,694,249 | ||
| Total 202f | 1,694,249 | 1,694,249 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| Fees payable | to the Group's auditor | for the audit ofthe Group's | annual | ||
| accounts | 15,500 | 15,000 | |||
| Fees payable | to the Group's auditor | in respect of: | |||
| All non-audit | services not included | above | 3,000 | 2,200 |
| Staffcosts | ||||||
|---|---|---|---|---|---|---|
| Group | Group | Foundation | Foundation | |||
| 2022 | 2021 | 2022 | 2021 | |||
| 5 | ||||||
| Wages and | salaries | 1,301,398 | 1,066,098 | 470,996 | 375,248 | |
| Social security costs | 82,039 | 62,322 | 31,119 | 22,885 | ||
| Contribution | to defined contribution | pension | ||||
| schemes | 59,255 | 74,921 | 15,256 | 41,419 | ||
| 1,442,692 | 1,203,341 | 517,371 | 439,552 |
| Group | Group | ||
|---|---|---|---|
| 2022 | 2021 | ||
| No. | No. | ||
| Charity | 14 | 12 | |
| Trading | subsidiary | 83 | 65 |
| 77 |
| Group | Group |
|---|---|
| 2022 | 2021 |
| No. | No. |
| Plant and | Motor | Fixtures and | Office | ||
|---|---|---|---|---|---|
| machinery | vehicles | fittings | equipment | Total | |
| 8 | 5 | 5 | 5 | 5 | |
| Cost or valuation | |||||
| At 1 January 2022 | 1,314,582 | 42,100 | 207,549 | 137,240 | 1,701,471 |
| Additions | 34,469 | 34,469 | |||
| Disposals | (25,264) | (25,264) | |||
| At 31 December 2022 | 1,323,787 | 42,100 | 207,548 | 137,240 | 1,710,676 |
| Depreciation | |||||
| At 1 January 2022 | 1,159,491 | 38,742 | 205,233 | 137,240 | 1,640,706 |
| Charge for the year | 63,376 | 2,686 | 1,533 | 67,595 | |
| On disposals | (24,391) | (24,391) | |||
| At 31 December 2022 | 1,198,476 | 41,428 | 206,766 | 137,240 | 1,583,910 |
| Net book value | |||||
| At 31 December 2022 | 125,311 | 672 | 783 | 126,786 | |
| At 91December 2021 | 155,091 | 3,358 | 2,315 | 150,755 |
| Plant and | Office | ||
|---|---|---|---|
| machinery | equipment | Total | |
| 5 | 5 | F | |
| Cost or valuation | |||
| At 1 January 2022 | 485,571 | 137,240 | 602,811 |
| At 31 December 2022 | 465,571 | 137,240 | 602,811 |
| Depreciation | |||
| At 1 January 2022 | 411,199 | 137,240 | 548,439 |
| Charge for the year | 14,679 | 14,679 | |
| At 31 December 2022 | 425,878 | 137,240 | 563,118 |
| Net book value | |||
| At 31 December 2022 | 39,693 | 39,693 | |
| At 31December 2021 | 54,372 | 54,372 |
| 16. | Fixed asset investments | |
|---|---|---|
| Listed | ||
| securities | ||
| Group | ||
| Cost or valuation | ||
| At 1 January 2022 | 9,652,341 | |
| Income | 190,772 | |
| Cash withdrawn | (575,773) | |
| Net revaluation | (751,681) | |
| At 31 December 2022 | 8,515,659 | |
| Net book value | ||
| At 31 December 2022 | 8,515,659 | |
| At 31December 2021 | 9,652,341 |
| Investments | |||
|---|---|---|---|
| In | |||
| subsidiary | Listed | ||
| companies | securities | Total | |
| Foundation | 8 | 8 | |
| Cost orvaluation | |||
| At 1 January 2022 | 80,000 | 9,652,341 | 9,732,341 |
| Income | 190,772 | 190,772 | |
| Cash withdrawn | (575,773) | (575,773) | |
| Net revaluation | (751,681) | (751,681) | |
| At 31 December 2022 | 80,000 | 8,515,659 | 8,595,859 |
| Net book value | |||
| At 31 December 2022 | 80,000 | 8,515,659 | 8,595,659 |
| At 3'I December 2021 | 80,000 | 9,652,341 | 9,732,341 |
| Names | Company | Holding | Included | in | ||
| number | consolidation | |||||
| Weston Park | Enterprises | 01970692 | 100% | Yes | ||
| The financial | results ofthe subsidiaries | for the year were: | ||||
| Names | Income | Expenditure | Profiti | Net | assets | |
| 5 | 5 | (Loss) for | 5 | |||
| the yearf | ||||||
| Weston Park | Enterprises | 2,152,795 | (1,879,677) | 273,118 | 537,654 |
| Stocks | |||||
|---|---|---|---|---|---|
| Group | Group | Foundation | Foundation | ||
| 2022 | 2021 | 2022 | 2021 | ||
| 6 | 6 | ||||
| Raw materials | 40,020 | 38,545 | 3,356 | 3,575 | |
| Debtors | |||||
| Group | Group | Foundation | Foundation | ||
| 2022 | 2021 | 2022 | 2021 | ||
| 5 | 6 | ||||
| Due within one year | |||||
| Trade debtors | 104,684 | 145,450 | 12,368 | 12,957 | |
| Other debtors | 33,017 | 44,557 | 33,017 | 44,557 | |
| Prepayments | and accrued income | 28,622 | 40,595 | 961 | 12,259 |
| 166,323 | 230,512 | 46,346 | 59,793 |
| Group | Group | Foundation | Foundation | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||
| 6 | 8 | ||||||
| Bank overdrafts | 166,359 | 166,359 | |||||
| Payments received on |
account | 260,180 | 235,547 | ||||
| Trade creditors | 266,045 | 174,775 | «9,074 | 57,054 | |||
| Amounts owed |
to group undertakings | 64,121 | 117,858 | ||||
| Other taxation | and social security | «7,299 | 81,908 | 9,632 | |||
| Obligations under finance lease and hire |
|||||||
| purchase contracts | 5,188 | 18,106 | 6,188 | 18,106 | |||
| Other creditors | 7,573 | 5,659 | 75 | ||||
| Accruals and deferred | income | 291,972 | 259,868 | 175,186 | 120,151 | ||
| 1,114,616 | 776,963 | 539,535 | 313,189 | ||||
| Creditors: Amounts | falling due after more than one year | ||||||
| Group | Gmup | Foundation | Foundation | ||||
| 2022 | 2021 | 2022 | 2021 | ||||
| 6 | 5 | 6 | 8 | ||||
| Net obligations | under | finance lease and hire | |||||
| purchase contracts |
2,645 | 2,645 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January | Transfers | Gains/ | December | ||||
| 2022 | Income | Expenditure | in/out | (Losses) | 2022 | ||
| 8 | 8 | 6 | 8 | 6 | |||
| Designated | |||||||
| funds | |||||||
| Lady Anne Fund | |||||||
| - Ongoing | |||||||
| maintenance | of | ||||||
| Memorial | |||||||
| Gardens | 129,504 | (9,795) | 119,709 | ||||
| Arts Council | 28,932 | (28,932) | |||||
| 129,504 | 28,932 | (38,727) | 119,709 | ||||
| General funds | |||||||
| General Funds- | |||||||
| all funds | 400,943 | 2,646,251 | (3,544,180) | 469,310 | (27,676) | ||
| Fund B- | |||||||
| unrestricted | 590,747 | 19,594 | (95,708) | (81,167) | 433,466 | ||
| 991,690 | 2,665,845 | (3,544,180) | 373,602 | (81,167) | 405,790 | ||
| Total | |||||||
| Unrestricted | |||||||
| funds | 1,121,194 | 2,694,777 | (3,582,907) | 373,602 | (81,167) | 525,499 |
| Endowment | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| Endowment | ||||||
| Fund A | 4,044,693 | 79,777 | (168,077) | (307,392) | 3,649,001 | |
| Endowment | ||||||
| Fund C | 2,760,386 | 54,824 | (133,324) | (211,606) | 2,470,280 | |
| Endowment | ||||||
| Fund B | 2,256,515 | 36,577 | (1'78,664) | (151,516) | 1,962,912 | |
| Heritage Assets | 8,377,942 | 8,377,942 | ||||
| 17,439,536 | 171,178 | (480,065) | (670,514) | 16,460,135 | ||
| Restricted | ||||||
| funds | ||||||
| Kickstart | 2,738 | (2,738) | ||||
| Historic England | ||||||
| -Roof project | 149,752 | 167,437 | (423,652) | 106,463 | ||
| St Catherine of | ||||||
| Alexandria | ||||||
| restoration | 4,630 | (4,630) | ||||
| IRONMNGRS | ||||||
| GUIN | ||||||
| Coalbrookdale | ||||||
| Gate | 4,000 | (4,000) | ||||
| 149,752 | 178,805 | (435,020) | 106,463 | |||
| Total offunds | 18,710,482 | 3,044,760 | (4,017,927) | (751,581) | 16,985,634 |
| Statement | offun | ds - prior year | |||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | 31 | ||||||
| 1January | Transfers | Gains/ | December | ||||
| 2021 | Income | Expenditure | in/out | (Losses) | 2021 | ||
| 8 | |||||||
| Designated | |||||||
| funds | |||||||
| Designated | |||||||
| funds | |||||||
| Lady Anne | Fund | ||||||
| - Ongoing | |||||||
| maintenance | of | ||||||
| Memorial | |||||||
| Gardens | 136,788 | (7,284) | 129,504 | ||||
| Arts Council | 126,645 | 92,507 | (219,152) | ||||
| 263,433 | 92,507 | (226,436) | 129,504 | ||||
| General funds | |||||||
| General Funds- | |||||||
| all funds | 360,154 | 2,557,240 | (2,855,203) | 338,752 | 400,943 | ||
| Fund B- | |||||||
| unrestricted | 507,887 | 15,537 | (21,628) | 88,951 | 590,747 | ||
| 868,041 | 2,572,777 | (2,855,203) | 317,124 | 88,951 | 991,690 | ||
| Total | |||||||
| Unrestricted | |||||||
| funds | 1,131,474 | 2,665,284 | (3,081,639) | 317,124 | 88,951 | 1,121,194 |
| Endowment | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| Endowment | ||||||
| Fund A | 3,682,746 | 78,162 | (177,762) | 461,547 | 4,044,693 | |
| Endowment | ||||||
| Fund C | 2,472,227 | 53,420 | (80,420) | 315,159 | 2,760,386 | |
| Endowment | ||||||
| Fund B | 2,033,852 | 41,874 | (58,942) | 239,731 | 2,256,515 | |
| Heritage Assets | 8,377,942 | 8,377,942 | ||||
| 1S,56S,767 | 173,456 | (317,124) | 1,016,437 | 17,439,536 | ||
| Restricted | ||||||
| funds | ||||||
| Historic England | 25,000 | (25,000) | ||||
| Severn Trent | 5,000 | (5,000) | ||||
| Kickstart | s,ege | (s,ege) | ||||
| Historic England | ||||||
| -Roof project | 243,200 | (93,448) | 149,752 | |||
| 279,098 | (129,346) | 149,752 | ||||
| Total offunds | 17.698241 | 3117838 | (3.210gee) | 1,105,388 | 18,710,482 |
| Endowment | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| 6 | F | ||
| Tangible fixed assets | 126,766 | 126,766 | |
| Fixed asset investments | 8,082,193 | 433,466 | 8,515,659 |
| Heritage assets | 8,377,942 | 8,377,942 | |
| Current assets | 1,079,883 | 1,079,883 | |
| Creditors due within one year | (1,114,616) | (1,114,618) | |
| Total | 16,460,135 | 525,499 | 16,885,634 |
| Analysis of net assets between funds - | prior year | |||
|---|---|---|---|---|
| Endowment | Restricted | Unmstricted | Tote) | |
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2021 | |
| Tangible fixed assets | 160,765 | 150,755 | ||
| Fixed asset investments | 9,061,594 | 590,747 | 9,552,341 | |
| Heritage assets | 8,377,942 | 8,377,942 | ||
| Current assets | 149,752 | 1,149,290 | 1,299,042 | |
| Creditors due within one year | (775,963) | (776,953) | ||
| Creditors due in more than one year | (2,645) | (2,645) | ||
| Total | 17,439,535 | 149,752 | 1,121,194 | 18,710,482 |
| 23. | Reconciliation of net movement |
Reconciliation of net movement |
Reconciliation of net movement |
Reconciliation of net movement |
in funds | in funds | to net | cash flow | from operating | activities | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Group | ||||||||||
| 2022 | 2021 | ||||||||||
| 6 | 8 | ||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of Financial | ||||
| Activities) | (1,724,848) | 1,012,241 | |||||||||
| Adjustments for: |
|||||||||||
| Depreciation charges |
67,595 | 77,494 | |||||||||
| Loss on the sale offixed assets | 873 | ||||||||||
| Increase in stocks |
(1,374) | (14,621) | |||||||||
| Decrease/(increase) | in debtors | 70,994 | (82,393) | ||||||||
| Increase in creditors |
161,944 | 118,463 | |||||||||
| Net cash provided | by/(used | in) | operating | activities | (1,424,816) | 1,111,184 | |||||
| 24. | Analysis ofcash and cash equivalents | ||||||||||
| Group | Gmup | ||||||||||
| 2022 | 2021 | ||||||||||
| 6 | 8 | ||||||||||
| Cash in hand |
873,540 | 1,029,784 | |||||||||
| Overdraft facility repayable |
on | demand | (166,359) | ||||||||
| Total cash and cash equivalents | 707,181 | 1,029,784 |