| Trustees | Mrs M A Neill MBE- Chair | |||||
|---|---|---|---|---|---|---|
| Col J C V Hunt | ||||||
| SEHewson | ||||||
| SC Fowler | ||||||
| Mrs J Brown | (Appointed | 14April 2022) | ||||
| Charity number | 529351 | |||||
| Secretary and principal | office | Ms S M Greaves | ||||
| c/o Wrigleys Solicitors I.LP | ||||||
| Derwent House |
||||||
| 150Arundel Gate |
||||||
| SheAield | ||||||
| South Yorkshire | ||||||
| Sl 2FN | ||||||
| Charity administrator | Mrs G Mills | |||||
| Independent | examiner | RJGivans BA FCA | ||||
| UHY Hacker Young | ||||||
| 6 Broadfield Court | ||||||
| Broadfield Way |
||||||
| Sheffield | ||||||
| Sg OXF | ||||||
| Solicitors | Wrigleys Solicitors LLP | |||||
| Derwent House |
||||||
| 150Arundel Gate |
||||||
| SheAield | ||||||
| South Yorkshire | ||||||
| Sl 2FN | ||||||
| Investment | advisors | Investec Wealth and Investment | Ltd | |||
| Beech House | ||||||
| 61 Napier Street | ||||||
| Sheffield | ||||||
| SI I 8HA |
| Page | ||
|---|---|---|
| Trustees' report |
||
| Independent examiner's |
report | |
| Statement offinancial | activities | 10 |
| Balance sheet | ||
| Statement ofcash flows | 12 | |
| Notes to the accounts | 13-22 |
| i'nrestricted | Endo»ment | 'ftital | unrestricted | Endosrmenl | 'fetal | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | 2022 | funds | funds | 2021 | |||||
| Notes | ||||||||||
| Income from: | ||||||||||
| Investments | 3 | 75,159 | 75,159 | 67,723 | 67,723 | |||||
| ~E* * dhd | ||||||||||
| ~en d |
||||||||||
| Costs ofgenerating | ||||||||||
| investment income |
7.637 | 7,637 | 1,769 | 1,769 | ||||||
| Investment | ||||||||||
| management | 13,480 | 13,480 | 12,409 | 12,409 | ||||||
| 7,637 | 13,480 | 21,117 | 1,769 | 12,409 | 14,178 | |||||
| Charitable activities |
5 | 39,002 | 39,002 | 42,943 | 42,943 | |||||
| Total resources | ||||||||||
| expended | 46,639 | 13,480 | 60,119 | 44,712 | 12,409 | 57,121 | ||||
| Net gains/(losses) | on | |||||||||
| investments | 10 | 617 | 107,388 | 108,005 | 1,942 | 184,645 | 186,587 | |||
| Net movement | in | funds | 29,137 | 93,908 | 123,045 | 24,953 | 172,236 | 197,189 | ||
| Fund balances | at | I | ||||||||
| April 2021 | 118,496 | 1,612,996 | 1,731,492 | 93,543 | 1,440,760 | 1,534,303 | ||||
| Fund balances | at | 31 | ||||||||
| March 2022 | 147,633 | 1.706,904 | 1,854,537 | 118,496 | 1,612,996 | 1,731,492 |
| Notes | 2022 | f | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Investment | properties | 11 | 375,000 | 375,000 | ||||
| Investnl eats | 12 | i,340,583 | 1,240,194 | |||||
| 1,715,583 | 1,615,194 | |||||||
| Current assets |
||||||||
| Debtors | 13 | 10,863 | 13,158 | |||||
| Cash at bank | and in hand | 150,367 | 124,794 | |||||
| 161,230 | 137,952 | |||||||
| Creditors: amounts | falling due within | 14 | ||||||
| one year | (22,276) | (21,654) | ||||||
| Net current | assets | 138,954 | 116,298 | |||||
| Total assets | less current liabilities | 1,854.537 | 1,731,492 | |||||
| Capital funds | ||||||||
| Endowment | funds | 1,706,904 | 1,612,996 | |||||
| Income funds | ||||||||
| Unrestricted | funds | 147,633 | 118,496 | |||||
| 1,854,537 | 1,731,492 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows from operating | activities | |||||||
| Cash absorbed by operations |
17 | (56,914) | (58,965) | |||||
| Investing | activities | |||||||
| Purchase | of investments | (44,063 | ) | (224,771) | ||||
| Proceeds | on disposal of investments | 51,391 | 243,824 | |||||
| Interest received | 75,159 | 67,723 | ||||||
| Net cash | generated from |
investing | ||||||
| activities | 82,487 | 86,776 | ||||||
| Net cash | used in financing | activities | ||||||
| Net increase in cash and cash equivalents | 25,573 | 27,811 | ||||||
| Cash and | cash equivalents | at | beginning ofyear | 124,794 | 96,983 | |||
| Cash and | cash equivalents | at end ofyear | 150,367 | 124,794 |
| 2022 | 2021 | ||
|---|---|---|---|
| Rental | income | 31,330 | 30,942 |
| Income | from listed investments | 43,806 | 36,736 |
| Interest | receivable | 23 | 45 |
| 75,159 | 67,723 |
| Unrestricted | Endewment | Tarsi | Unrestricted | Endusrment | fatal | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | 2022 | funds | funds | 2021 | ||||
| ~Cf f |
|||||||||
| mvestment | mcome | ||||||||
| Other fundraising | costs | 7,637 | 7,637 | 1,769 | 1,769 | ||||
| Investment | mana | ement | 13,480 | 13,480 | 12,409 | 12,409 | |||
| 7,637 | 13,480 | 21,117 | 1,769 | 12,409 | 14,178 | ||||
| Rental expenses | 2022 | 2021 | |||||||
| Repairs, maintenance | and | insurance | 7,532 | 1,699 | |||||
| Bank charges | '105 | 70 | |||||||
| 7,637 | 1,769 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Grant | funding ofactivities (see note 6) | 15,382 | 20,463 | |
| Share | ofgovernance | costs (see note 7) | 23,620 | 22,480 |
| 39,002 | 42,943 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Grants to | institutions | (4grants): | |||
| British Dyslexics | 1,000 | ||||
| PACES | 2,000 | ||||
| Action Tutoring | 1,000 | ||||
| Listening | Books | 1,500 | |||
| Hesley Wood Scouts | 1,000 | ||||
| Music in | the Round | 1,000 | |||
| Street League | 2,000 | ||||
| Whirlow | Hall Farm | 1,000 | |||
| CRESST | 1,500 | ||||
| Westwood | 2015 Ltd | 2,000 | 1,296 | ||
| Tapton Youth Brass | Band | 500 | |||
| Family Action | 2,000 | 1,750 | |||
| Boys and | Girls Club | 1,750 | |||
| ZEST | 1,311 | ||||
| 7,500 | 15,107 | ||||
| Grants to | individuals | (10grants) | 7,882 | 5,356 | |
| 15,382 | 20,463 |
| 7 | Support costs | Support costs | ||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | |||
| costs | costs | costs | costs | |||||
| Independent | ||||||||
| examination | fees | 3,180 | 3,180 | 3,120 | 3,120 | |||
| Legal and professional | 40 | 40 | 40 | 40 | ||||
| Secretary's | fees | 20,400 | 20,400 | 19,320 | 19,320 | |||
| 23,620 | 23,620 | 22,480 | 22,480 | |||||
| Analysed between |
||||||||
| Charitable | activities | 23,620 | 23,620 | 22,480 | 22,480 |
| unrestricted | Endowment | Total | t'nrestrieted | Endowment | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | 2022 | funds | funds | 2021 | ||
| Revaluation | of | ||||||
| investments | 617 | 101,047 | 101,664 | 1,942 | 173,223 | 175,165 | |
| Gain/(loss) | on sale of | ||||||
| investments | 6,341 | 6,341 | 11,422 | 11,422 | |||
| 617 | 107,388 | 108,005 | 1,942 | 184,645 | 186,587 |
| 11 | Investment | property |
|---|---|---|
| Fair value | ||
| At I April |
2021 and 31 March 2022 |
| Listed | ||
|---|---|---|
| investments | ||
| Cost or valuation | ||
| At I April |
2021 | 1,240,194 |
| Additions | 44,063 | |
| Valuation | changes | 101,376 |
| 131sposal s | (45,050) | |
| At 31 March 2022 | 1,340,583 | |
| Carrying | amount | |
| At 31 March 2022 | 1,340,583 | |
| At 31 March 2021 | 1,240,194 |
| 13 | Debtors | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||
| Amounts | falling due | within | one year: | |||||||||
| Trade debtors | 2,734 | 6,150 | ||||||||||
| Other debtors | 5,565 | 4,888 | ||||||||||
| Prepayments | and accrued income | 2,564 | 2,120 | |||||||||
| 10,863 | 13,158 | |||||||||||
| 14 | Creditors: | amounts | falling | due within | one | year | ||||||
| 2022 | 2021 | |||||||||||
| Accruals and |
deferred | income | 22,276 | 21,654 | ||||||||
| 15 | Analysis ofnet assets between | funds | ||||||||||
| ttnrestrieted | nndnument | Total | t'nrestrieted | Fnduts ment ' |
Total | |||||||
| fund | fuud | fund | fund | |||||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||||||
| g | ||||||||||||
| Fund balances | at 31 | |||||||||||
| March 2022 are | ||||||||||||
| represented | by: | |||||||||||
| Investment | properties | 375,000 | 375,000 | 375,000 | 375,000 | |||||||
| Investments | 13,258 | 1,327,325 | 1,340,583 | 12,641 | 1,227,553 | 1,240,194 | ||||||
| Current assets/ |
||||||||||||
| (liabilities) | 134,375 | 4,579 | 138,954 | 105,855 | 10,443 | 116,298 | ||||||
| 147,633 | 1,706,904 | 1,854,537 | 118,496 | 1,612,996 | 1,731,492 |
| 17 | Cash generated from operations |
Cash generated from operations |
Cash generated from operations |
2022 | 2021 | |
|---|---|---|---|---|---|---|
| Surplus forthe year | 123,045 | 197,189 | ||||
| Adjustments for: |
||||||
| Investment income |
recognised | in statement offinancial | activities | (75,159) | (67.723) | |
| Gain on disposal of | investments | (6,341) | (11,422) | |||
| Fair value gains and | losses on | investments | (101,376) | (174,898) | ||
| Movements in working capital: |
||||||
| Decrease/(increase) | in debtors | 2,295 | (6,399) | |||
| Increase in creditors |
622 | 4,288 | ||||
| Cash absorbed by |
operations | (56,914) | (58,965) | |||
| 18 | Analysis ofchanges | in net funds | ||||
| The charity had no debt during |
the year. |