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2022-04-05-accounts

CONTENTS			Page
Reference and Administrative Details
Trustees' Report
Statement of	Trustees'	Responsibilities
Independent	Auditor's	Report
Consolidated	Statement	of FinancialActivities
Consolidated	Balance Sheet
Charity Balance Sheet			12
Consolidated	Cash Flow	Statement	13
Notes to the	Consolidated Financial Statements		14

				For the Year ended on 5	For the Year ended on 5	April 2022	For the Year ended on 5	For the Year ended on 5	April 2021
				Unrestricted	Unrestricted		Unrestricted	Unrestricted
				Funds	Funds	Total Funds	Funds	Funds	Total Funds
			Note	Income	Capital	2022	Income	Capital	2021
Income
Donations
Donations	and	legacies
Charitable	activites
Other trading		activities		498,242		498,242	137,888		137,888
Investments				2,117,277		2,117,277	1,983,566		1,983,566
Total Income				2,615,519		2,615,519	2,121,454		2,121,454
Expenditure
Charitable	expenditure		4	789,293		789,293	761,736		761,736
Other			4	570,888		570,888	592,650		592,650
Total Expenditure				1,360,181		1,360,181	1,354,386		1,354,386
Net gains /	(losses) on
investments				(252,876)	2,192,876	1,940,000	(277,898)	2,003,227	1,725,329
Net income	before tax			1,002,462	2,192,876	3,195,338	489,170	2,003,227	2,492,397
Tax on profit			10	721,675		721,675	550,611		550,611
Net income	before
transfers				280,787	2,192,876	2,473,663	(61,441)	2,003,227	1,941,786
Transfers between
reserves
Other recognised
gains/(losses)
Net movement		in funds	19	280,787	2,192,876	2,473,663	(61,441)	2,003,227	1,941,786
Reconciliation		offunds:
Balance brought forward			19	1,586,070	34,703,042	36,289,112	1,647,511	32,699,815	34,347,326
Total funds	carried
forward:			19	1,866,857	36,895,918	38,762,775	1,586,070	34,703,042	36,289,112

						For the Year Ended	For the Year Ended	For the Year Ended
						5 April	2022	5 April 2021
					Note
Operating	activities
Net cash	(Outflow)/Inflow	from	operating	activities	18		632,295	344,682
Investing	activities
Income from listed investment			disposal			171,911		153,544
Investment	Management	Fees				(39,230)		(34,121)
Purchase	offixed assets					(4,272,851)		(591,387)
Disposal offixed assets								2,500,000
Cash flow	frominvesting	activities					(4,140,170)	2,028,036
Net change in cash and cash equivalents							(3,507,875)	2,372,718
Cash and	cash equivalents	at start ofyear					5,484,714	3,111,996
Cash and	cash equivalents	at the end of the year					1,976,839	5,484,714

		Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
		Funds	Funds	2022	Funds	Funds	2021
		f	f	f	f		f
Income	from recharges	498,242		498,242	112,888		112,888
Sundry	income				25,000		25,000
		498,242		498,242	137,888		137,888

		Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
		Funds	Funds	2022	Funds	Funds	2021
		f		f	f		f
Rental income		1,967,037		1,967,037	1,839,792		1,839,792
Income from	listed investments	150,240		150,240	139,800		139,800
Other interest	receivable				3,974		3,974
		2,117,277		2,117,277	1,983,566		1,983,566

					Grant
					to	Charitable	Other	Total	Total
					institutions	activities	costs	2022	2021
Grant funding ofactivities (Note				5)	460,000			460,000	680,000
Market Harborough		(Valley Way)		Estates			560,888	560,888	592,650
Limited
Exceptional	investment		property	repairs		252,060		252,060
Support costs (Note 6)						72,308		72,308	77,176
Governance	costs (Note		6)			4,925		4,925	4,560
Bad debt provision							10,000	10,000
					460,000	329,293	570,888	1,360,181	1,354,386

		2022	2021
		f	f
Brathay Trust (1021586)		60,000	50,000
Childline (1003758)			200,000
London's air ambulance limited	(801013)		50,000
MQ: transforming mental health	(1139916)		110,000
RNLI life saving endowment (1184013)		60,000	60,000
StJohn ambulance association,	Nelson centre (255743)		50,000
The Samar ita ns (219432)			50,000
Wings South West (1082938)		80,000	30,000
YES-Youth education service (289848)		60,000	80,000
The John Merricks Sailing Trust	(1076036)	5,000
The Honeypot Children's Charity	(1184132)	60,000
Ahoy (1084122)		60,000
NSPCC (216401)		25,000
Disasters Emergency Committee	(1062638)	50,000
		460,000	680,000

				Support	Governance	2022	2021
				costs	costs
Trustee expenses	—travel and subsistence		for 3	1,754		1,754	1,054
Trustees (2021:3Trustees)
Insurances							348
Legal and professional		fees		28,672		28,672	38,271
Bank charges				147		147	155
Investme nt ma n age ment fees				39,230		39,230	34,120
Accounta ncy				2,505		2,505	3,228
Audit fees					4,925	4,925	4,560
				72,308	4,925	77,233	81,736

				Unrestricted Funds Income	Unrestricted Funds Capital	Total Funds 2022	Unrestricted Funds Income	Unrestricted Funds Capital	Total Funds 2021
				f	f		f	f	f
Revaluation investments	of			(252,876)	1,897,002	1,644,126	(277,898)	1,876,581	1,598,683
Gain/(loss) investments	on	sale	of		295,874	295,874		126,646	126,646
				(252,876)	2,192,876	1,940,000	(277,898)	2,003,227	1,725,329

The tax charg	e	on the profit for the year was as follows:
			2022	2021
			f	f
Current tax:
UK corporation		tax	174,472	196,699
Corporation	tax	prior period Adjustment
Total current	tax		174,472	196,699
Deferred tax			547,203	353,912
Tax on profit			721,675	550,611

Investments					05.04.2022	05.04.2021
NET BOOK	VALUES				f	f
Fixed Asset	Investments				6,283,349	6,075,830
Investment	Property				31,101,160	25,117,500
					37,384,509	31,193,330
MOVEMENTS IN YEAR
Cost or valuation		Opening		Valuation		Closing
		Balances	Additions	changes	Disposals	Balances
		f		f	f
Fixed Asset	Investments
Listed investments		6,075,830	150,240	229,190	(171,911)	6,283,349
Investment	property	25,117,500	4,272,851	1,710,809		31,101,160
		31,193,330	4,423,091	1,939,999	(171,911)	37,384,509

					05.04.2022	05.04.2021
NET BOOK VALUES					f	f
Investment property					377,500	377,500
Fixed Asset investments
Listed investments					6,283,349	6,075,830
Other investments	(Note 12)				30,164,958	28,201,273
					36,825,807	34,654,603
MOVEMENTS IN YEAR
Cost or valuation		Opening		Valuation		Closing
		Balances	Additions	changes	Disposa Is	Balances
		f		f	f
Investment property		377,500				377,500
Fixed Asset investments
Listed investments		6,075,830	150,240	229,190	(171,911)	6,283,349
Other investments		28,201,273		1,963,685		30,164,958
		34,654,603	150,240	2,192,875	(171,911)	36,825,807

					2022	2021
Carrying	amount	offinancial	assets
Equity instruments		measured	at fair value		6,283,349	6,075,830
Debt instruments		measured	at amortised	cost	1,324,738	1,004,639
					7,608,087	16,080,469
Carrying	amount	offinancial	liabilities
Measured	at amortised cost				868,365	885,828

					2022	2021
					f	f
Carrying	amount	offinancial	assets
Equity instruments		measured	at fair value		36,448,307	34,277,103
Debt instruments		measured	at amortised	cost	242,061
					36,690,368	34,277,103
Carrying	amount	offinancial	liabilities
Measured	at amortised cost				24,280	96,093

		Group	Charity	Group	Charity
		2022	2022	2021	2021
		f	f	f	f
Trade	debtors	398,006		304,817
Other	debtors	926,732	242,061	699,822
		1,324,738	242,061	1,004,639

	Group	Charity	Group	Charity
	2022	2022	2021	2021
Taxation and social security	267,268		234,744
Other creditors	28,290		558,033	3,042
Deferred income	497,290
Accrua Is	75,517	24,280	93,051	93,051
	868,365	24,280	885,828	96,093

			Deferred tax
			2022	2021
Opening	balance as at 6	April	507,743	153,831
Add: Debits to Statement		of Financial Activities	547,203	353,912
Balance	at 5 April		1,054,946	507,743

		2022	2021
		f	f
Net movement in funds		2,473,663	1,941,786
Adjustments for:
Add back deferred	tax timing difference	547,203	353,912
Income from listed	investment	(150,240)	(139,800)
Management charges from listed investment		39,230	34,121
Gain/(loss) on investments		(1,940,000)	(1,725,329)
Decrease/(increase)	in trade and other receivables	(320,098)	(157,649)
Increase/(decrease)	in trade and other payables	(17,463)	37,641
Net cash from operating	activities	632,295	344,682

19.	MOVEME	NT IN	FUNDS
Group				Balance at 06 April-21	Income	Expenditure	Transfers	Balance at 05 April-22
Unrestricted General			Funds	E	E	f		f
General	- Income	Fund		1,586,070	2,362,643	(2,081,856)		1,866,857
General	- Capital	Fund		34,703,042	2,192,876			36,895,918
General	Funds			36,289,112	4,555,519	(2,081,856)		38,762,775
Total Funds				36,289,112	4,555,519	(2,081,856)		38,762,775
Charity				Balance at 06 April-21	Income	Expenditure	Transfers	Balance at 05 April-22
Unrestricted General			Funds	E	E	E		f
General	- Income	Fund		406,033	1,080,082	(799,294)		686,821
General	—Capital	Fund		34,703,042	2,192,876			36,895,918
General	Funds			35,109,075	3,272,958	(799,294)		37,582,739
Total Funds				35,109,075	3,272,958	(799,294)		37,582,739