2022-12-31-accounts - Carters Educational Foundation

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FOR YEAR D	ED I	EMB	202
						31.12.22	31.12.21
			Unrestricted	Restricted	Endowment	Total	Total
		Notes	funds	funds	fund	funds	funds f
INCOME AND
ENDOWMENTS FROM
Investment income		2	278,083			278,083	309,551
EXPENDITURE ON Raising funds		3	146,232			146,232	171,650
Charitable activities Educational grants Extra staff costs Other grants			34,816 74,086 28,117			34,816 74,086 28,117	22,897 65,288 16,313
Other			27,526			27 526	25386
Total			310,777			310,777	301,534
Net gains on investments					3,066,000	3,066,000
NET INCOME/(EXPENDITURE)			(32,694)		3,066,000	3,033,306	8,017
RECONCILIATION	OF
FUNDS Total funds brought forward			595,424	2,832,357	4,708,716	8,136,497	8,128,480
TOTAL FUNDS CARRIED FORWARD			562,730	2,832,357	7,774,716	11,169,803	8,136,497

BALL(CESHEIH SLIIEC~BERR1122
					31.12.22	31.12.21
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	fund	funds	funds
	Notes			f.
FIXEDASSETS Tangible assets Investment property	8 9	225,000	2,832,357	7,766,000	3,057,357 7766 000	3,057,357 4700 000
		225,000	2,832,357	7,766,000	10,823,357	7,757,357
CURRENT ASSETS Debtors Investments Cash at bank	10 11	113766 257,336 43,339	77,000	8,716	113,766 266,052 120,339	110,357 265,159 130,263
		414,441	77,000	8,716	500,157	505,779
CREDITORS
Amounts falling due within one year	12	(76,711)	(77,000)		(153,711)	(126,639)
NET CURRENT ASSETS		337,730		8,716	346,446	379,140
TOTAL ASSETS LESS CURRENT LIABILITIES		562,730	2,832,357	7,774,716	11,169,803	8,136,497
NET ASSETS		562,730	2,832,357	7,774,716	11,169,803	8,136,497

FUNDS 13
Unrestricted funds:
General fimd	260/34	292,928
New School	225,000	225,000
1-5Flitcmlt Street development	77,496	77,496
	562,730	595,424
Restricted funds; New School	2,832857	2,832,357
Endowment funds:
London Properties, Old School and Buildings	7,774,716	4,708,716
TOTALFUNDS	11,169,803	8,136,497

INCOME
INVESTMENT	31.12.22	31.12.21
Rents receivable Other property income Deposit account interest	251,625 24,745 1,713	260,287 47,833 1,431
	278,083	309,551

3.	RAISING FUNDS
	Investment management	costs	31.12.22	31.12.21
	Bad debts Insurance premiums Agents fees Electricity and gas Rates Cleaning Repairs and maintenance Professional fees		(4,790) 15,878 28,435 8,452 2,264 15,320 62,141 18,532	7,596 13,227 13,740 1,336 8,651 113,734 13,366
			146,232	171,650
4.	GRANTS PAYABLE		31.12.22	31.12.21
	Educational grants Extra staffcosts		34,816 74,086 28,117	22,897 65,288 16,313
	Other grants
			137,019	104,498

The total grants payable to in	stitutions during the year wa	s as follows:	s as follows:	s as follows:
		31.12.22			31.12.21
		Number			Number
Institution Nottingham Hoods Basketball Club			1	1,000		1 1	1,000 58
Wilford Lions Football Club WYCS Wilford Community	Group		1	15,000		1 I	15,000 255
4th Wilford Brownies St Wilfred's Church Hall St Wilfred's Church Youth South Wilford School -Ukranians			1 1 1	7,500 4,500 117
			5	28,117		4	16,313

				31.12.22 31.12.21	31.12.22 31.12.21	31.12.22 31.12.21
				Number	f. Number
Individuals				51	34,816 37	22,897
AUDITORS' REMUNERATION					31.12.22	31.12.21
Fees payable to statements	the charity's	auditors for the audit ofthe charity's	financial		2,050	2,050
Other non-audit	services				9,380	6,450
Total fees payable					11,430	8,500

The average m	onthly number ofemp	loyees during the year was as follows:
			31.12.22	31.12.21
Number ofemployees			I	I
No employees	received emoluments	in excess off60,000.

						Annual
Property	Tenants				Term ofLease	Rental
I/5 Flitcroft Street	My Beautiful City Ltd				f.I 000per month on a Tenancy at Will from	12,000
					13.12.17
6Flitcroft Street
Basement tb Ground	Vacant
Floor
1st Floor	Gutbenkian	Andonian		Solicitors Ltd	5years from 15.06.20	38,325
2nd Floor	Vacant
3rd Floor	Design Consultancy		Ltd		15years from 13.05.11	34,000
8Flitcroft Street 1stFloor	Bad Wolf				5 years from 13,11.18	65,295
2nd Floor	lan Johnson Publicity			Ltd	10years from 24.12.12 (terminated 24.12.22)	49,350
Ground, 3rd and 4th Floors	A Bunn (Pixelate Imaging Ltd)				15years from 24.06.12 (lease varied 16.05.22)	16,000
110AMain Road,	Hey Baby 4D				3years trom 07.10.2020	5,750
Wilford, Nottingham
110BMain Road,	J Crossley				Monthly rolling
Wilford, Noffingham					(termmated 16.04.22)
	EMarshall				2years from 28.06.22	10,200
The New School	Transform	Trust			125years from 17.07.12fnil
The Old School	WYCS				9years from 01.03.1664,000 p.a., increasing to K7,500 from	15,000
					19.09.16to 28.09.17
					increasing to KI5,000p.a.to
					28.09.21
						245,920
						continued. ..

	Fair value at 31 Decem	ber 2022 is represented by:
	Valuation in 2022			7,766,000
10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONK YEAR		31.12.22	31.12.21
	Trade debtors Other debtors VAT		108,230 1,144 4,392	101,785 800 7,772
			113,766	110,357
11.	CURRENT ASSET	INVESTMENTS	31.12.22	31.12.21
	Cash held on deposit		266,052	265,159
12.	CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR		31.12.22	31.12.21
	Trade creditors		15,905 136	38,178
	Social security and other taxes Other creditors Accruals and deferred income		80,750 56,920	69,964 18,497
			153,711	126,639

MOVEMENTIN	UNDS
				Net
				movement	At
			At 1.1.22	in funds	31.12.22
Unrestricted funds General fund New School 1-5Flitcrott Street development			292,928 225,000 77,496	(32,694)	260,234 225,000 77,496
			595,424	(32,694)	562,730
Restricted funds New School			2,832,357		2,832,357
Endowment funds
London Properties, Buildings	Old School and		4,708,716	3,066,000	7,774,716
TOTALFUNDS			8,136,497	3,033,306	11,169,803
Net movement in funds, included		in the above are as follows:
		Incoming resources	Resources expended	Gains and losses	Movement in funds
Unrestricted funds General fund		278,083	(310,777)		(32,694)
Endowment funds
London Properties, Buildings	Old School and			3,066,000	3,066,000
TOTALFUNDS		278,083	(310,777)	3,066,000	3,033,306

				Net
				movement	At
			At 1.1.21	in funds	31.12.21
				8
Unrestricted General fund New School 1-5Flitcrott	funds Street	development	284,911 225,000 77,496	8,017	292,928 225,000 77,496
			587,407	8,017	595,424
Restricted funds New School			2,832,357		2,832,357
Endowment	funds
London Properties, Buildings		Old School and	4,708,716		4,708,716
TOTAL FUNDS			8,128,480	8,017	8,136,497

Comparative	net movement in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted General fund	funds	309,551	(301,534)	8,017
TOTAL FUNDS		309,551	(301,534)	8,017

A current yea	r 12m	onths and prior year 12months co	mbined position is as follows:
				Net
				movement	At
			At 1.1.21	in funds	31.12.22
Unrestricted General fund New School 1-5Flitcroit	funds Street	development	284,911 225,000 77,496	(24,677)	260,234 225,000 77,496
			587,407	(24,677)	562,730
Restricted funds New School			2,832,357		2,832,357
Endowment	funds
London Properties, Buildings		Old School and	4,708,716	3,066,000	7,774,716
TOTALFU	NDS		8,128,480	3,041,323	11,169,803

A current year 12 follows:	months and prior year 12	months combined net	movement in fun	ds, ncue
		incoming resources	Resources expended	Gains and losses f	Movement in funds
Unrestricted funds General fund		587,634	(612,311)		(24,677)
Endowment funds
London Properties, Buildings	Old School and			3,066,000	3,066,000
TOTALFUNDS		587,634	(612,311)	3,066,000	3,041,323