| Page | |
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| Report ofthe Trustees Report ofthe Independent Examiner Statement ofFinancial Activity Balance Sheet Notes to the Financial Statements |
1-5 6 7 8 9-15 |
| 31.3.2022 | 31.3.2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Restricted | Endowment | Total Funds | Total Funds | ||||
| Funds | Funds | |||||||
| 8 | 6 | |||||||
| Income and Endowments | from: | |||||||
| Investment Income |
3,630 | 133,766 | 137,396 | 137,818 | ||||
| Total Income | 3,630 | 133,766 | 137,396 | 137,818 | ||||
| Expenditure on: |
||||||||
| Investment Management Charitable Activities Support Costs |
(10,000) | (78,665) (13,958) |
(78,665) (10,000) (13,958) |
(71,732) (108,173) (14,807) |
||||
| Total Expenditure | (10,000) | (92,623) | (102,623) | (194,712) | ||||
| Net Income / (Expenditure) | available | for | ||||||
| distribution before Gains and Losses Investments |
on | (6,370) | 41,143 | 34,773 | (56,894) | |||
| Payment of25% ofnet income to David |
||||||||
| Hughes Charity for the Poor |
(10,286) | (10,286) | (11,909) | |||||
| Transfer ofremaining net Endowment |
||||||||
| income to the Further Education Trust Funds |
30,857 | (30,857) | ||||||
| Net Income / (Expenditure) |
before Gains | |||||||
| and Losses on Invsstmehts | 24,487 | 24,487 | (68,803) | |||||
| Net Gains / (Losses) on Investments | 5,938 | 68,546 | 74,484 | 1,531,645 | ||||
| Net Income / (Expenditure) |
30,425 | 68,546 | 98,971 | 1,462,842 | ||||
| Net Movement in Funds |
30,425 | 68,546 | 98,971 | 1,462,842 | ||||
| Reconciliation ofFunda |
||||||||
| Total Funds brought forwent Total Funds carried fotward |
339,347 369,772 |
4,276,461 4,345,007 |
4,615,808 4,714,779 |
3,152,966 4,615,808 |
| 31.3.2022 | 31.3.2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | Restricted | Endowment | Total Funds | TotalFunds | |||
| Funds | Fund | ||||||
| 6 | 6 | ||||||
| investments listed |
or traded on a | ||||||
| recognised Stock Exchange Investment Properties -the Dadd Hughes |
7a | 119,153 | 170,556 | 289,709 | 275,325 | ||
| Estate | 7b | 4,093,000 | 4,093,000 | 4,032,900 | |||
| Total Fixed Assets | 119,153 | 4,263,556 | 4,382,709 | 4,308,225 | |||
| Current Assets | |||||||
| Debtors Cash at bank and |
in hand | 256,619 | 68,899 28,405 |
68,899 285,024 |
67,407 259,346 |
||
| Total Current Assets | 256,619 | 97,304 | 353,923 | 326,753 | |||
| Liabilities | |||||||
| Creditors: amounts | falling due within one | ||||||
| year | 10 | (6,000) | (15,853) | (21,853) | (19,170) | ||
| Net Current Assets | or (Liabilities) | 250,619 | 81,451 | 332,070 | 307,583 | ||
| Creditors: amounts | falling due aRer more | ||||||
| than one year | |||||||
| Provisions for liabilities |
|||||||
| Total Net Assets or | (Liabilities) | 369,772 | 4,345,007 | 4,714,779 | 4,615,808 | ||
| The Funds ofthe Charity | |||||||
| Endowment Funds Restricted Income Funds |
369,772 | 4,345,007 | 4,345,007 369,772 |
4,276,461 339,347 |
|||
| Total Charity Funds |
369,772 | 4,345,007 | 4,714,779 | 4,615,808 |
| Investment Income |
Restricted Funds |
Endowment Funds |
Tots I 31.3.22 | Tots I 31.3.21 | ||
|---|---|---|---|---|---|---|
| 6 | ||||||
| Rents received Water rates - recharges Other income from David Hughes |
Estate | 123,303 5,385 |
123,303 5,385 |
125,994 3,024 100 |
||
| Dividends and and Investment Other Interest |
Interest | 3,527 103 |
5,050 28 |
8,577 131 |
8,494 206 |
|
| Total Investment Income |
3,630 | 133,766 | 137,396 | 137,818 |
| Investment Management |
Costs | Restdcted Funds |
Endowment Funds |
Total 31.3.22 | Tots I 31.3.21 | ||
|---|---|---|---|---|---|---|---|
| 6 | |||||||
| Repairs and Maintenance Water Charges Professional Services Other property expenses |
ofthe Daud Hughes | Estate | (67,067) (4,937) (2,058) |
(67,067) (4,937) (2,058) |
(63,277) (3,024) (407) |
||
| Bad Debt progsion | (4,603) | (4,603) | (5,024) | ||||
| Total Investment Management |
Costs | (78,665) | (78,665) | (71,732) |
| Charitable | Activities | Restricted Funds |
Endowment Funds |
Tots I 31.3.22 | Total 31.3.21 | ||
|---|---|---|---|---|---|---|---|
| E | E | ||||||
| Education Grants to Grants to |
grants awarded schools - learning coaches schools - help towards higher education |
(10,000) | (10,000) | (9,452) (98,721) |
|||
| Total Charitable Expenditure |
(10,000) | (10,000) | (108,173) |
| Support Costs | Restricted Funds |
Endowment Funds |
Total 31.3.22 | Total 31.3.21 | ||
|---|---|---|---|---|---|---|
| 6 | ||||||
| Property management Accounting and support Independent Examiner's |
administrative costs IAuditor's |
costs Remuneration |
(9,601) (3,427) (930) |
(9,601) (3,427) (930) |
(10,702) (3,175) (930) |
|
| Total Support Costs | (13,958) | (13,958) | (14,807) |
| Distribution ofEndowment Fund |
Net Income | Total 31.3.22 | Tots I 31.3.21 |
|---|---|---|---|
| 6 | f | ||
| Net income available for distribution losses on investments |
before gains and | 41,143 | 47,637 |
| 25% paid to David Hughes Charity for the Poor |
10,286 | 11,909 | |
| 25% transferred to Further Education 50% transferred to Further Education |
Trust 1/3 Trust 2/3 |
10,286 20,571 |
11,909 23,819 |
| Net Gains/(Losses) | Net Gains/(Losses) | on Investments | Restricted Funds |
Endowment Funds |
Total 31.3.22 | Total 31.3.21 | |
|---|---|---|---|---|---|---|---|
| 6 | E | ||||||
| Gains Gains |
/ (Losses) on / (Losses) on |
listed Investment Funds Investment Properties |
5,938 | 8,446 60,100 |
14,384 60,100 |
44,545 1,487,100 |
|
| Total | Net Gains / (Losses) |
5,938 | 68,546 | 74,484 | 1,531,645 |
| Investments Listed or Traded on a Recognised Stock Exchange |
Investments Listed or Traded on a Recognised Stock Exchange |
Restricted Funds |
Endowment Funds |
Tots I 31.3.22 | Tots I 31.3.22 | Total 31.3.21 |
|---|---|---|---|---|---|---|
| 6 | 6 | |||||
| Market Value | ||||||
| At 1 April Additions |
113,215 | 162,110 | 275,325 | 230,780 | ||
| Disposals | ||||||
| Revaluations Transfers |
5,938 | 8,446 | 14,384 | 44,545 | ||
| Net Book Value at 31 March | 119,153 | 170,556 | 289,709 | 275,325 |
| Investment | Property | Property | 31.3.22 | 31.3.21 |
|---|---|---|---|---|
| E | B | |||
| Market Value at | 1 April | 4,032,900 | 2,545,800 | |
| Additions | ||||
| Disposals | ||||
| Impairment | ||||
| Revaluation Transfers |
Gain | / (Loss) | 60,100 | 1,487,100 |
| Net Book Value | at 31 March | 4,093,000 | 4,032,900 |
| Debtom: | Amounts | Falling due within | One Year | 31.3.22 | 31.3.21 |
|---|---|---|---|---|---|
| Amounts Bad Debt |
recoverable Provision |
on contract | 112,621 (43,722) |
106,526 (39,119) |
|
| Total Debtors | 68,899 | 67,407 |
| Cash | at Bank | Further Education Trust 1/3 |
Further Education Trust 2/3 |
David Hughes Charitable Estate |
Tots I Funds 31.3.22 |
Total Funds 31.3.21 |
|---|---|---|---|---|---|---|
| 2 | 2 | 2 | ||||
| Cash | at Bank | 102,585 | 154,034 | 28,405 | 285,024 | 259,346 |
| Bank | Deposits | 102,585 | 154,034 | 28,405 | 285,024 | 259,346 |
| Creditors: Amounts | Falling due within | One Year | Restricted Funds |
Endowment Funds |
Total 31.3.22 | Total 31.3.21 |
|---|---|---|---|---|---|---|
| f | f | |||||
| Other creditors | (6,000) | (15,853) | (21,853) | (19,170) | ||
| Total Creditors | (6,000) | (15,853) | (21,853) | (19,170) |
| Movement in Funds |
Movement in Funds |
1.4.21 | Net Movement in Funds |
31.3.22 | |
|---|---|---|---|---|---|
| f | |||||
| Further Education | Trust | 1/3 | 166,618 | 16,728 | 183,346 |
| Further Education | Trust | 2/3 | 172,729 | 13,697 | 186,426 |
| Restricted Funds | 339,347 | 30,425 | 369,772 | ||
| David Hughes Charitable |
Estate | 4,276,461 | 68,546 | 4,345,007 | |
| Endowment Funds |
4,276,461 | 68,546 | 4,345,007 | ||
| Total Funds | 4,615,808 | 98,971 | 4,714,779 |
| Net Movement in |
Funds Included | Funds Included | in the above: | Income Resources f |
Expenditure | Tranate rs | Gains and Losses f |
Movement in Funds f |
|---|---|---|---|---|---|---|---|---|
| Further Education Further Education |
Trust Trust |
1/3 2/3 |
2,433 1,197 |
(10,000) | 10,286 20,571 |
4,009 1,929 |
16,728 13,697 |
|
| Restricted Funds |
3,630 | (10,000) | 30,857 | 5,938 | 30,425 | |||
| David Hughes Charitable |
Estate | 133,766 | (102,909) | (30,857) | 68,546 | 68,546 | ||
| Endowment Funds |
133,766 | (102,909) | (30,857) | 68,546 | 68,546 | |||
| Total Funds | 137,396 | (112,909) | 74,484 | 98,971 |