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|||PAGES|
|---|---|---|
|Trustees' Annual Report||1to 4|
|Independent
Auditor's|Report to the Members|5to9|
|Statement ofFinancial|Activities|10|
|Statement ofFinancial|Position|11|
|Statement ofCash Flows||12|
|Notes to the Financial|Statements|13to21|
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|||||2022|2022|2021|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note||||
|Income and endowments|||||||
|Donations
and legacies|||4|212,091|212,091|101,752|
|Investment
income|||5|267,384|267/84|455,833|
|Total income||||479,475|479,475|557,585|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Investment
management||costs|6|(88,963)|(88,963)|(84,882)|
|Expenditure
on charitable|activities||7,8|(1,224,999)|(1,224,999)|(1,137,849)|
|Total expenditure||||(1,313,962)|(1,313,962)|(1,222,731)|
|Net gains on investments|||11|416,240|416440|673,979|
|Net (expenditure)/income||and net movement|in funds|(418,247)|(418,247)|8,833|
|Reconciliation offunds|||||||
|Total funds brought forward||||7,691,401|7,691,401|7,682,568|
|Total funds carried forward||||7,273,154|7,273,154|7,691,401|
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|||Note|2022||2021
f||
|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||
|investments||15||4,960,329||7,000,851|
|CURRENT ASSETS|||||||
|Debtors||17|967,963||747,421||
|Cash at bank and in hand|||1,645,642||948,181||
||||2,613,605||1,695,602||
|CREDITORS: amounts|falling due||||||
|withia one year||18|(300,780)||(511,752)||
|NET CURRENT ASSETS||||2312,825||1,183,850|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES||||7,273,154||8,184,701|
|CREDITORS: amounts|falling due||||||
|after more than oae year||19||||(493,300)|
|NET ASSETS||||7,273,154||7,691 401|
|FUNDS OF THE CHARITY|||||||
|Unrestricted
funds||||7,273,154||7,691,401|
|Total charity funds||21||7r273s154||7,691,401|
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|THE CHEDVA CHARITABLE TRUS
STATEMENT OF CASH FLOWS
YEARENDED 31MARCH 2022|T||
|---|---|---|
||2022|2021|
|CASH FLOWS FROM OPERATING ACTIVITIES|||
|Net (expenditure)/income|(418,247)|8,833|
|Adjustments for:|||
|Net gains on investments|(416440)|(673,979)|
|Dividends,
interest and rents from investments|(267,244)|(454,709)|
|Other interest receivable
and similar income|(140)|(1,124)|
|Interest payable and similar charges|4,227|10,735|
|Expenditure
on investment
properties|84,736|74,147|
|Donations
in kind|(98,681)||
|Changes in:|||
|Trade and other debtors|(152,522)||
|Trade and other creditors|(7,994)|(1,023)|
|Cash generated
from operations|(1,272,105)|(1,037,120)|
|Net cash used in operating
activities|(1,272,105)|(1,037,120)|
|CASH FLOWS FROM INVESTING ACTIVITIES|||
|Dividends,
interest and rents from investments|97,041|344,908|
|Expenditure
on investment
properties|(78,242)|(73,552)|
|Proceeds from sale oftangible
assets|2,334,136||
|Purchases ofother investments|(7,410)||
|Proceeds from sale ofother investments|129,670|2,981|
|Net cash from investing
activities|2,475,195|274,337|
|CASH FLOWS FROM FINANCING ACTIVITIES|||
|Proceeds from borrowings||45,000|
|Repayments
ofborrowings|(505,694)|(145,261)|
|Interest paid|(304)|(4,010)|
|Net cash used in financing
activities|(505,998)|(104,271)|
|NET INCREASE/(DECREASE)
IN CASH AND CASH|||
|EQUIVALENTS|697,092|(867,054)|
|CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR|948,181|1,815,235|
|CASH AND CASH EQUIVALENTS AT END OF YEAR|1,645,273|948,181|
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|DONATIO|NS
AND LEGAC|IES||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
|DONATIONS||||||
|Donations|received|212,091|212,091|101,752|101,752|
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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2022|Funds|2021|
|Income from investment|properties|232,006|232,006|419,329|419,329|
|Income from listed investments||35,238|35,238|35,380|35,380|
|Bank interest receivable||140|140|1,124|1,124|
|||267,384|267,384|455,833|455,833|
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||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|2022|Funds|2021|
|||||8|||
|Property|management|expenses|84,736|84,736|74,147|74,147|
|Interest|payable and|similar charges|4,227|4427|10,735|10,735|
||||88,963|88,963|84,882|84,882|
|7.|EXPENDIT|URE ON CHARITABLE|ACTIVITIE|S BYFUND T|S BYFUND T|YPE||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds||Unrestricted|Total Funds|
||||Funds||2022|Funds|2021|
||Grants paid||1,210,000||lo210,000|1,123,500|1,123,500|
||Support costs||14,999||14,999|14,349|14,349|
||||1,224,999||Io224,999|1,137,849|1,137,849|
|8.|EXPENDITURE ON CHARITABLE||ACTIVITIES||BYACTIVITY TYPE|||
||||Grant funding|||Total funds|Total fund|
||||ofactivities|Support costs||2022|2021|
||Grants paid||1,210,000|||1810,000|1,123,500|
||Governance|costs|||14,999|14,999|14,349|
||||1,210,000||14,999|1/24,999|1,137,849|
|9.|ANALYSIS|OF SUPPORT COSTS||||||
|||||Support costs||Total 2022|Total 2021|
||||||||6|
||Governance|costs|||14,999|14,999|14,349|
|10.|ANALYSIS|OF GRANTS||||||
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|NET GAINS|ON INV|ESTMENTS|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2022|Funds|2021|
||||||5||
|Gains/(losses)|on investment
property||34,136|34,136|551,842|551,842|
|Gains/(losses)|on listed|investments|357,067|357,067|124,449|124,449|
|Realised losses/(gains)||on disposal of|||||
|investment
assets|||25,037|25,037|(2,312)|(2,312)|
||||416,240|416,240|673,979|673,979|
|NET (EXPENDITURE)/INCOME|||||||
|Net (expenditure)/income||is stated after charging/(crediting):|||||
||||||2022|2021|
|Fees payable|for the audit ofthe financial||statements||12,500|12,500|
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|The charity did not meet any individual
to the charity.
INVESTMENTS|expenses
incur|red
by the tru|stees for servi|ces provided|
|---|---|---|---|---|
||Listed|Investment|Other||
||investments|properties|investments|Total|
|Cost or valuation|||||
|At 1 April 2021|1,343,657|5,350,194|307,000|7,000,851|
|Additions|7,410|||7,410|
|Disposals|(104,999)|(2,300,000)||(2,404,999)|
|Fair value movements|357,067|||357,067|
|At 31March 2022|1,603,135|3,050,194|307,000|4,960,329|
|Impairment|||||
|At 1 April 2021 and 31March 2022|||||
|Carrying amount
At 31March 2022|1,603,135|3,050,194|307,000|4,960829|
|At 31March 2021|1,343,657|5,350,194|307,000|7,000,851|
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|The aggregate
assets, liabilities,
capital and reserv
the charity as at 31March 2022 were as follows:|es ofTenbest Limited that are at|tributable
to|
|---|---|---|
||2022|2021|
||f,||
|Fixed assets|2,325,402|2,325,405|
|Current assets|830,510|824,160|
|Current liabilities|(1,366,049)|(1,312,394)|
|Non-current
liabilities|(1,380,754)|(1,428,059)|
|Aggregate
capital and reserves|409,109|409,112|
|year ended 31|Mar|ch 2022 is as follows:|||
|---|---|---|---|---|
||||2022|2021|
|TulTlovel|||267,440|237,488|
|Administrative|expenses||(203,619)|(170,311)|
|Interest receivable||and similar income|6|12|
|Interest payable|and similar expenses||(63,829)|(67,186)|
||||(2)|3|
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|DEBTORS|YEARENDED 31MA|RCH 2022||
|---|---|---|---|
|||2022|2021|
|Trade debtors||241,048|231,565|
|Prepayments|and accrued income|10,209|16,705|
|Other debtors||716,706|499,151|
|||967,963|747,421|
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|CREDITORS: amounts
falling due within
one ye|ar||
|---|---|---|
||2022|2021|
|Bank loans and overdrafts||12,394|
|Trade creditors|9,150|9,150|
|Accruals and deferred income|53,346|197,289|
|Social security and other taxes||7,994|
|Other creditors|238,284|284,925|
||300,780|511,752|
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|19.|CREDITORS: amounts
falling due after more t|han one year||
|---|---|---|---|
|||2022|2021|
||Bank loans and overdrafts||45,000|
||Other creditors||448,300|
||||493,300|
|20.|DEFERRED INCOME|||
|||2022|2021|
||At 1 April 2021|90,031|97,185|
||Amount released to income|(90,031)|(97,185)|
||Amount deferred in year|40,846|90,031|
||At 31March 2022|40,846|90,031|
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|||||||||||||At|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||At||||||Gains and 31March 20||
|||||1 April 2021||Income|||Expenditure||losses|22|
||General funds||||7,691,401|479,475|||(1,313,962)||416,240|7073,154|
|||||||||||||At|
||||||At||||||Gains and 31March 202||
|||||1 April 2020||Income|||Expenditure||losses|1|
||General funds||||7,682,568|557,585|||(1,222,731)||673,979|7,691,401|
|22.|ANALYSIS OFNET ASSETSBETWEEN||||||FUNDS||||||
||||||||||||Unrestricted|Total Funds|
||||||||||||Funds|2022|
|||||||||||||4|
||Investments||||||||||4,960,329|4,960,329|
||Current assets||||||||||2,613,605|2,613,605|
||Creditors less than|1 year|||||||||(300,780)|(300,780)|
||Creditors greater than||1 year||||||||||
||Net assets||||||||||7,273,154|7,273,154|
||||||||||||Unrestricted|Total Funds|
||||||||||||Funds|2021|
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||Investments||||||||||7,000,851|7,000,851|
||Current assets||||||||||1,695,602|1,695,602|
||Creditors less than|1 year|||||||||(511,752)|(511,752)|
||Creditors greater than||1 year||||||||(493,300)|(493,300)|
||Net assets||||||||||7,691,401|7,691,401|
|23.|FINANCIAL INSTRUMENTS||||||||||||
||The carrying amount for|||each category offinancial||||instrument||is as follows:|||
||||||||||||2022|2021|
||Financial assets measured||||at fair value through|||income and||expenditure|||
||Financial assets measured|||at|fair value through||income||and||||
||expenditure||||||||||1,910,135|1,650,657|
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|||At||At||
|---|---|---|---|---|---|
|||1Apr 2021|Movements|31Mar|2022|
||||4||4|
|Cash|at bank and in hand|948,181|697,461|1,645,642||
|Debt|due within one year|(12,394)|12,394|||
|Debt|due after one year|(45,000)|45,000|||
|||890,787|754,855|1,645,642||
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|The total
as follows:|future minimum
lease payments
receivable
unde|r non-cancellable
operating|leases are|
|---|---|---|---|
|||2022|2021|
|Not later than
1 year||65,000|54,958|
|Later than|1year and not later than 5 years|228,000|106,500|
|Later than|5 years||26,625|
|||293,000|188,083|
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