| Report ofthe Trustees | I'to 3 | |
|---|---|---|
| Independent Examiners Report to the Trustees |
||
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 7to 10 |
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | funds | funds | |||||
| funds | funds | 2022 | 2021 | |||||
| INCOMING RESOURCES | Notes | |||||||
| Investment income: |
||||||||
| Rent receivable | 61,655 | 61,655 | 56,365 | |||||
| Dividends and interest |
119,788 | 119,788 | 111,497 | |||||
| TOTAL INCOMING RESOURCES | 181,443 | — | 181,443 | 167,862 | ||||
| RESOURCES EXPENDED | ||||||||
| Cost ofgenerating funds |
3 | 27,644 | 27,644 | 25,016 | ||||
| Charitable Activities: |
||||||||
| School scholarships, grants for clothing, |
||||||||
| book vouchers and donations |
196,492 | 196,492 | 124,484 | |||||
| Apprenticeships | 2,322 | 2,322 | 4,663 | |||||
| 198,814 | - | 198,814 | 129,147 | |||||
| Direct and Support Costs: | ||||||||
| Administrative and general expenses |
4 | 25,998 | 25,998 | 25,555 | ||||
| TOTAL RESOURCES EXPENDED | 252,456 | - | 252,456 | 179,718 | ||||
| NET OUTGOING RESOURCES | ||||||||
| Before other recognised gains | and losses | (71,013) | (71,013) | (11,856) | ||||
| GAINS ON INVESTMKNTS | ||||||||
| Realised gains on investments | 27,561 | 27,561 | 76,489 | |||||
| Unrealised gains on investments |
133,122 | 133,122 | 517,247 | |||||
| Realised gain on investment | properties | 65,830 | 65,830 | |||||
| NET MOVKMKNT IN FUNDS | (71,013) | 226,513 | 155,500 | 581,880 | ||||
| BALANCES BROUGHT FORWARD | 293,221 | 4,730,046 | 5,023,267 | 4,441,387 | ||||
| BALANCES CARRIED FORWARD | 222,208 | 4,956,559 | 5,178,767 | 5,023,267 |
| COST OFGENERAT | ING FUNDS | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Managing Agents fee |
8,033 | 7,306 | |
| Portfolio Management | fee | 19,611 | 17,710 |
| 627,644 | 625,016 | ||
| ADMINISTRATIVE | AND GENERAL EXPENSES | ||
| Clerk's fees, expenses and postage | 16,520 | 16,040 | |
| Independent Examiner's |
fees | 3,270 | 3,300 |
| Property repairs |
3,305 | 3,527 | |
| Heating, lighting and Council Tax |
207 | 159 | |
| Insurance | 1,748 | 1,549 | |
| Professional fees |
568 | 600 | |
| Payments to Yardley Charities Estates |
Almshouses: | ||
| Annual payments under |
determination | order | |
| of5 June 1908 | 380 | 380 | |
| 825,998 | 625,555 | ||
| TANGIBLE ASSETS | |||
| - INVESTMENT PROPERTIES | |||
| At valuation | |||
| At 31March 2021 | 1,268,750 | 1,268,750 | |
| Additions at cost |
|||
| Revaluation | |||
| Less: Disposals | (63,750) | ||
| At 31March 2022 | 81,205,000 | 61,268,750 |
| INVESTMENTS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Investments | K3,685,575 | f3,544,133 | |||
| Quoted investments | |||||
| Market value at 31March | 2021 | 3,544,133 | 3,035,250 | ||
| Add: | |||||
| Additions at cost |
532,777 | 483,722 | |||
| Less: | |||||
| Disposal proceeds | (552,018) | (568,575) | |||
| Add: | |||||
| Realised gains | 27,561 | 76,489 | |||
| Net gains on revaluation | 133,122 | 517,247 | |||
| Market value at 31March | 2022 | 63,685,575 | 63,544,133 | ||
| Cost at 31March 2022 | f3,003,364 | 62,868,409 | |||
| Unrealised gains included |
in valuation | ||||
| at 31March 2022 | 6682,211 | f675,724 | |||
| UK listed investments | are | represented | by: | ||
| UK Bonds and other fixed | interest securities | 426,380 | 551,449 | ||
| UK Equities | 1,050,421 | 896,385 | |||
| Non-UK Equities and Bonds | 1,846,870 | 1,810,039 | |||
| Overseas Bonds | 361,904 | 286,260 | |||
| Total | 63,685,575 | I3,544,133 |
| Due from Stockbrokers | 113,188 | 109,320 |
|---|---|---|
| Due from Managing Agents |
10,681 | 11,701 |
| Debtors and prepayments | 1,902 | 1,166 |
| 6125,771 | KI22,187 |