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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|
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||||||||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|
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|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|
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|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)|
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|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|
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|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|
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|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|
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|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|
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