2022-04-05-accounts - The Ratcliffe Charitable Trust

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	Page
Report of the Trustees	1to 2
Independent Examiner's Report	3
Statement of Financial Activities	4
Balance Sheet	5 to 6
Notes to the Financial Statements	7 to 15
Detailed Statement of Financial Activities	16 to 17

		2022	2021
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Investment income	2	35,706	26,556
EXPENDITURE ON
Raising funds	3	10,671	19,199
Charitable activities
Charity donations		62,320	30,654
Other		11,214	10,109
Total		84,205	59,962
Net gains on investments		26,498	134,730
NET INCOME/(EXPENDITURE)		(22,001)	101,324
Other recognised gains/(losses)
Gains on revaluation of fixed assets			30,000
Net movement in funds		(22,001)	131,324
RECONCILIATION OF FUNDS
Total funds brought forward		1,383,188	1,251,864
TOTAL FUNDS CARRIED FORWARD		1,361,187	1,383,188

	BALANCE SHEET 5 April 2022
		2022	2021
		Unrestricted	Total
		fund	funds
	Notes	£	£
FIXED ASSETS
Tangible assets	8	336,528	338,931
Investments
Investments	9	506,708	547,570
Investment property	10	500,000	500,000
		1,343,236	1,386,501
CURRENT ASSETS
Debtors: amounts falling due within one
year	11	1,427	1,567
Cash at bank		28,437	766
		29,864	2,333
CREDITORS
Amounts falling due within one year	12	(11,913)	(5,646)
NET CURRENT ASSETS		17,951	(3,313)
TOTAL ASSETS LESS CURRENT
LIABILITIES		1,361,187	1,383,188
NET ASSETS		1,361,187	1,383,188

INVESTMENT INCOME
	2022 2021
	££
Rents received	26,672 17,979
Income from listed investments	9,034 8,577
	35,706 26,556
RAISING FUNDS
Investment management costs
	2022 2021
	££
Portfolio management	5,088 4,688
Rent collection	3,392 3,417
Property repairs	1,348 9,841
Insurance	843 1,245
Interest payable and similar charges	8
	10,671 19,199
GRANTS PAYABLE
	2022 2021
	££
Charity donations	59,916 28,250

Grants to Institutions	Amount paid	Amount paid
4th Farnham (Tongham) Scout Group		£20,000
Bristol animal rescue centre		£1,000
Challengers		£2,000
Community Foundation for Surrey		£2,666
Hampshire & Isle of Wight Air Ambulance		£1,000
Haste/Royal Surrey		£1,000
Horsley, Bookham & Leatherhead RDA		£2,500
Kent, Surrey & Sussex Air Ambulance		£1,000
Linkable		£2,000
Princess Alice Hospice		£250
Phyllis Tuckwell Hospice		£2,000
Step By Step		£2,000
White Lodge Centre		£2,000
Woking District Scout Council		£13,500
Woking & Sam Beare Hospices		£2,000
Ukraine Humanitarian Appeal		£5,000
		£59,916

	Unrestricted
	fund
INCOME AND ENDOWMENTS FROM
Investment income	26,556
EXPENDITURE ON
Raising funds	19,199
Charitable activities
Charity donations	30,654
Other	10,109
Total	59,962
Net gains on investments	134,730
NET INCOME	101,324
Other recognised gains/(losses)
Gains on revaluation of fixed assets	30,000
Page 10	continued...

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES - continued
		Unrestricted
		fund
	Net movement in funds	131,324
	RECONCILIATION OF FUNDS
	Total funds brought forward	1,251,864
	TOTAL FUNDS CARRIED FORWARD	1,383,188
8.	TANGIBLE FIXED ASSETS
		Freehold
		property
	COST
	At 6 April 2021 and 5 April 2022	346,142
	DEPRECIATION
	At 6 April 2021	7,211
	Charge for year	2,403
	At 5 April 2022	9,614
	NET BOOK VALUE
	At 5 April 2022	336,528
	At 5 April 2021	338,931
9.	FIXED ASSET INVESTMENTS
		2022 2021
	Shares	487,771 534,926
	Other	18,937 12,644
		506,708 547,570

Additional information as follows:
	Listed
	investments
MARKET VALUE
At 6 April 2021	534,926
Additions	24,163
Disposals	(90,570)
Revaluations	19,252
At 5 April 2022	487,771
NET BOOK VALUE
At 5 April 2022	487,771
At 5 April 2021	534,926

	2022 2021
Cash held for investment	18,937 12,644

11.	DEBTORS: AMOUNTS FALLING DUE WIT	HIN ONE YEAR
		2022 2021
		££
	Managing agent	970 1,098
	Other debtors	79
	Prepayments	457 390
		1,427 1,567
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022 2021
		££
	Other creditors	11,913 5,646
13.	MOVEMENT IN FUNDS
		Net
		movement At
		At 6.4.21 in funds 5.4.22
		£££
	Unrestricted funds
	General fund	1,383,188 (22,001) 1,361,187
	TOTAL FUNDS	1,383,188 (22,001) 1,361,187

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund	35,706	(84,205)	26,498	(22,001)
TOTAL FUNDS	35,706	(84,205)	26,498	(22,001)

Comparatives for movement in funds
		Net
		movement	At
	At 6.4.20	in funds	5.4.21
Unrestricted funds
General fund	1,251,864	131,324	1,383,188
TOTAL FUNDS	1,251,864	131,324	1,383,188

	Incoming Resources Gains and Movement
	resources expended losses in funds
Unrestricted funds
General fund	26,556 (59,962) 164,730 131,324
TOTAL FUNDS	26,556 (59,962) 164,730 131,324

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	E	£	£	£
Unrestricted funds
General fund	62,262	(144,167)	191,228	109,323
TOTAL FUNDS	62,262	(144,167)	191,228	109,323

	2022	2021
	£	£
INCOME AND ENDOWMENTS
Investment income
Rents received	26,672	17,979
Income from listed investments	9,034	8,577
	35,706	26,556
Total incoming resources	35,706	26,556
EXPENDITURE
Investment management costs
Portfolio management	5,088	4,688
Rent collection	3,392	3,417
Property repairs	1,348	9,841
Insurance	843	1,245
Investment charges	-	8
	10,671	19,199
Charitable activities
Freehold property depreciation	2,404	2,404
Grants to institutions	59,916	28,250
	62,320	30,654
Support costs
Management
Legal fees	7,414	6,129
Governance costs
Independent Examiner's fees	1,800	1,800
Ind Examiner's fees - non-exam	1,500	1,680
Legal fees	500	500
	3,800	3,980
Total resources expended	84,205	59,962
Net expenditure before gains and
losses	(48,499)	(33,406)

	2022 2021
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments	7,246 11,539
Net expenditure	(41,253) (21,867)