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|||Page|
|---|---|---|
|Report ofthe Trustees
Report ofthe Independent
Examiner
Statement
of Financial
Activity||1-5
6
7|
|Balance Sheet||8|
|Notes to the Financial|Statements|9-15|
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|||||||31.3.2021|31.3.2020|
|---|---|---|---|---|---|---|---|
||||Notes|Restricted|Endowment|Total Funds|TotalFunds|
|||||Funds|Funds|||
|||||f|6|||
|Income and Endowments|from:|||||||
|Investment
Income||||3,642|134,176|137,818|136,793|
|Total Income||||3,642|134,176|137,818|136,793|
|Expenditure
on:||||||||
|Investment
Management|||||(71,732)|(71,732)|(75,431)|
|Charitable
Activities||||(108,173)||(108,173)|(87,729)|
|Support Costs|||||(14,807)|(14,807)|(14,336)|
|Total E
nditure||||108,173|86539|194,712|177,496|
|Net Income / (Expenditure)|available for|||||||
|distribution
before Gains and Losses on||||(104,531)|47,637|(56,894)|(40,703)|
|Investments||||||||
|Payment
of25%ofnet income
Hughes
Charity for the Poor||to David|||(11,909)|(11,909)|(10,681)|
|Transfer of remaining
net Endowment||||35,728|(35,728)|||
|income to the Further Education||Trust Funds||||||
|Net Income / (Expenditure)
Losses on Investments|before Gains and|||(68,803)||(68,803)|(51,384)|
|Net Gains / (Losses) on Investments||||18,351|1,513,294|1,531,645|(32,700)|
|Net Income/
Ex enditure||||50,452|1,513,294|1,462 842|84,084|
|Net Movement
in Funds||||50,452|1,513,294|1,462,842|84,084|
|Reconciliation
ofFunds:||||||||
|Total Funds brou
ht forward||||389,799|2,763,167|3,152,966|3,237,050|
|Total Funds carried forward||||339,347|4,276,461|4,615,808|3152966|
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|||||||||||31.3.2021|31.3.2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Notes||Restricted|Endowment||Total Funds||Total Funds|
|||||||Funds|Fund|||||
|||||||E|6|||||
|Investments
listed ortraded on a|||recognised|||||||||
|Stock Exchange|||||7a|113,215|162,110|||275,325|230,780|
|Investment
Properties||- the David Hughes||||||||||
|Estate|||||7b||4,032,900|||4,032,900|2,545,800|
|Total Fixed Assets||||||113,215|4,195,010|||4,308,225|2,776,580|
|Current Assets||||||||||||
|Debtors||||||||67,407||67,407|64,828|
|Cash at bank and in hand||||||226,132||33,214||259,346|328,207|
|Total Current Assets||||||226,132|100621|||326,753|393,035|
|Liabilities||||||||||||
|Creditors: amounts|falling due within one year||||10|||(19,170)||(19,170)|(16,649)|
|Net Current Assets|or|Liabilities||||226,132||81,451||307,583|376,386|
|Creditors: amounts|falling due after more than|||||||||||
|one year||||||||||||
|Provisions
for liabilities||||||||||||
|Total Net Assets or|Liabilities)|||||339,347|4,276,461|||4,615,808|3,152,966|
|The Funds ofthe Charity||||||||||||
|Endowment
Funds|||||||4,276,461|||4,276,461|2,763,167|
|Restr'icted
Income Funds||||||339,347||||339,347|389,799|
|Total Charit
Funds||||||339,347|4|276,461||4,615,808|3,152,966|
|The financial statements|||are signed|by the|Director of Function (Resources)|||||/ Section 151 Officer||
|under delegated||authority:||||||||||
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|||Restricted|Endowment|Total 31.3.21|Total 31.3.20|
|---|---|---|---|---|---|
|Investment
Income||Funds|Funds|||
||||6|||
|Rents received|||125,994|125,994|123,071|
|Water rates - recharges|||3,024|3,024|3,429|
|Other income from David Hughes Estate|||100|100|1,600|
|Dividends
and and Investment|Interest|3,491|5,003|8,494|6,824|
|Otherlnterest||151|55|206|1,869|
|Total Investment
Income||3,642|134,176|137,818|136,793|
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||||Restricted|Endowment|Total 31.3.21|Total 31.3.20|
|---|---|---|---|---|---|---|
|Investment
Management|Costs||Funds|Funds|||
|Repairs and Maintenance|of|the David Hughes Estate||(63,277)|(63,277)|(74,023)|
|Water Charges||||(3,024)|(3,024)|(1,000)|
|Professional
Services||||(407)|(407)|(1,780)|
|Other property expenses|||||||
|Bad Debt provision||||(5,024)|(5,024)|1,372|
|Total Investment
Management||Costs||(71,732)|(71,732)|(75,431)|
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|||||Restricted|Endowment|Total 31.3.21|Total 31.3.20|
|---|---|---|---|---|---|---|---|
|Charitable|Activities|||Funds|Funds|||
|||||E|K|||
|Education|grants awarded|||(9,452)||(9,452)||
|Grants to|schools - learning|coaches||(98,721)||(98,721)|(44,929)|
|Grants to|schools - help towards||higher education||||(42,800)|
|Total Charitable
Expenditure||||108,173)||(108,173)|(87,729)|
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||||Restricted|Endowment|Total 31.3.21|Total 31.3.20|
|---|---|---|---|---|---|---|
|Support Costs|||Funds|Funds|||
||||8|6|||
|Property management|administrative|costs||(10,702)|(10,702)|(10,103)|
|Accounting
and support|costs|||(3,175)|(3,175)|(3,303)|
|Independent
Examiner's IAudito Vs||Remuneration||(930)|(930)|(930)|
|Total Support Costs||||(14,807)|(14,807)|(14,336)|
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|Distribution
ofEndowment|Fund Net Income|Fund Net Income|Total 31.3.21|Total 31.3.20|
|---|---|---|---|---|
||||6|6|
|Net income available for distribution
losses on investments||before gains and|47,637|42,725|
|25% paid to David Hughes|Charity for the Poor||11,909|10,681|
|25%transferred
to Further|Education|Trust 1/3|11,909|10,681|
|50%transferred
to Further|Education|Trust 2/3|23,819|21,363|
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||||||Restricted|Endowment|Total 31.3.21|Total 31.3.20|
|---|---|---|---|---|---|---|---|---|
|Net Gains|/ (Losses) on Investments||||Funds|Funds|||
||||||6||||
|Gains / (Losses)||on listed Investment||Funds|18,351|26,194|44,545|(32,700)|
|Gains / (Losses)||on Investment|Properties|||1,487,100|1,487,100||
|Total Net|Gains|/ Losses)|||18,351|1,513,294|1,531,645|(32,700)|
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|nvestmen|isa|or|ra e ona Recognise|toc|Restricted|Endowment|Total 31.3.21|Total 31.3.20|
|---|---|---|---|---|---|---|---|---|
|Exchange|||||Funds|Funds|||
||||||5|6|||
|Market Value|||||||||
|At 1 Apdl|||||94,864|135,916|230,780|366,696|
|Additions|||||||||
|Disposals|||||||||
|Revaluations|||||18,351|26,194||(32,700)|
|Transfers|||||||||
|Net Book Value|at|31 March|||113,215|162,110|275,325|230,780|
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|Investment|Property|31.3.21|31.3.20|
|---|---|---|---|
|Market Value at 1 April||2,545,800|2,545,800|
|Additions||||
|Disposals||||
|Impairment||||
|Revaluation|Gain / (Loss)|1,487,100||
|Transfers||||
|hlet Book Value at 31 March||4,032,900|2,545,800|
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|Debtors:|Amounts|Falling due within One Year|31.3.21|31.3.20|
|---|---|---|---|---|
|||||E|
|Amounts|recoverable|on contract|106,526|98,922|
|Bad Debt|Provision||(39,119)|(34,094)|
|Total Debtors|||67,407|64,828|
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|||Further|Further|David Hughes|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
|Cash|at Bank|Education Trust|Education Trust|Charitable|31.3.21|31.3.20|
|||1/3|2/3|Estate|||
|||8|E|E|||
|Cash|at Bank|89,868|138,266|33,214|259,346|328,207|
|Bank|De osits|89,866|136,266|33,214|259,346|328,207|
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|||Restricted|Endowment|Total 31.3.21|Total 31.3.20|
|---|---|---|---|---|---|
|Creditors: Amounts|Falling due within One Year|Funds|Funds|||
||||E|||
|Other creditors|||(19,170)|(19,170)|(16,649)|
|Total Creditors|||(19,170|19,170|(16,649)|
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|Movement
in Funds|Movement
in Funds||1.4.20|Net Movement
in Funds|31.3.21|
|---|---|---|---|---|---|
|||||8||
|Further Education|Trust|1/3|238,583|(71,965)|166,618|
|Further Education|Trust|2/3|151,216|21,513|172,729|
|Restricted Funds|||389,799|(50,452|339,347|
|David Hughes Charitable||Estate|2,763,167|1,513,294|4,276,461|
|Endowment
Funds|||2,763,167|1,513,294|4,276,461|
|Total Funds|||3,152,966|1,462,842|4,615,808|
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||||Income|Expenditure|Transfers|Gains and|Movement
in|
|---|---|---|---|---|---|---|---|
|Net Movement
in|Funds included|in the above:|Resources|||Losses|Funds|
||||8|||8|8|
|Further Education|Trust 1/3||2,430|(98,721)|11,909|12,417|(71,965)|
|Further Education|Trust 2/3||1,212|(9,452)|23,819|5,934|21,513|
|Restricted Funds|||3,642|(108,173)|35,728|18,351|(50,452)|
|David Hughes Chadiabie Estate|||134,176|(98,448)|(35,728)|1,513,294|1,513,294|
|Endowment
Funds|||134,176|(98,448|35,728)|1,513,294|1,513,294|
|TotaiFunds|||137,818|(206,621||1,531,645|1,462,842|
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