Trust Annual Report 2001

 

Report of the Council and Financial Statements at 31 March 2001

 

  Unrestricted
Funds
2001
Restricted
Funds
2001
Total
Funds
2001
Total
Funds
2000
Income and expenditure: £ £ £ £
Income resources        
Capital grants (for conversion of
buildings to residential use)
- - - 20,902
Other grants 3,000 - 3,000 -
Subscriptions 3,739 - 3,739 4,869
Donations 5,649 326 5,975 5,964
Investment income 15 - 15 40
Rental income 8,575 - 8,575 7,200
Legacy 500 - 500 1,500
Sundry income (note 4) 1,940 - 1,940 2,357
Total Income 23,418 326 23,744 42,832
         
Resources expended        
Direct charitable expenditure:        
  Project expenditure 6,145 260 6,405 3,481
  Other expenditure 564 - 564 898
Other expenditure:        
  Management and administration of the charity (note 4) 14,745 40 14,785 17,772
Letting expenses 746 - 746 461
Sundry expenditure 653 - 653 522
Property expenditure 1,050 - 1,050 20,902
Depreciation 5,217 - 5,217 5,916
Total Expenditure 29,120 300 29,420 49,952
         
Net income/(outgoing) for the period (5,702) 26 (5,676) (7,120)
         
Other recognised gains and losses        
Gains/losses on investments:        
   Realised 61 - 61 (1,637)
   Unrealised (1,424) 668 (756) (5,656)
Net movement in Funds (7,065) 694 (6,371) (14,413)
         
         
         
Funds balances brought forward at 1 April 2000 304,057 6,061 310,118 324,531
         
Fund balances carried forward
at 31 March 2001
296,992 6,755 303,747 310,118

 

 

BALANCE SHEET AS AT 31st MARCH 2001

 

  Notes 31 March 2001
£
31 March 2001
£
31 March 2000
£
31 March 2000
£
Fixed assets          
Tangible assets 5   179,522   183,358
Investments 6   116,043   112,739
      295,565   296,097
           
Current assets          
Stocks 7 365   365  
Debtors 8 1,636   2,056  
Cash at bank and in hand   8,796   15,749  
    10,797   18,170  
           
Creditors:          
amounts falling due within one year 9 (2,615)   (4,149)  
           
Net current assets     8,182   14,021
NET ASSETS     303,747   310,118
           
           
FUNDS          
Unrestricted 10   296,992   304,057
Restricted 12   6,755   6,061
      303,747   310,118
           

 

These financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 frelating to small companies.

 

The financial statements were approved by the Council of Management and signed on its behalf by:

 

signed R B Merton

(Council Member)

30th July 2001

 

signed Captain I F Grant

(Council Member)

30th July 2001