|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|
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|||||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|
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|||||||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|
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|||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|
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|||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|
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||||||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|
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|||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|
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|||||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|
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|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||
##
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||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|
##
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||||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|
##
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|||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|