| Page | ||
|---|---|---|
| Chairman's statement |
1-2 | |
| Trust report | 3-6 | |
| Statement ofTrust responsibilities | ||
| Independent auditor's |
report | 8-10 |
| Statement offinancial |
activities | |
| Balance sheet | 12 | |
| Notes to the financial | statements | 13 - 19 |
| Structure, governance | Structure, governance | and management | ||||
|---|---|---|---|---|---|---|
| The Trustees, who | are | also the directors for the | purpose ofcompany | law, and who served | during the year and up to | |
| the date ofsignature | of | the financial statements | were: | |||
| Mr M Williams | (Resigned | 11October 2023) | ||||
| Mrs ACarvell | (Deceased | 10 | July 2023) | |||
| Mr ACannon Jones | (Resigned | 11October 2023) | ||||
| Mr AMansell | ||||||
| Miss E Fox | ||||||
| Mr M Jenkins | (Appointed | 6 May 2022) | ||||
| Mrs BHirsch | (Appointed | 6 March 2023) | ||||
| Mr L BDawson | (Appointed | 31 | October 2022) |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2023 | 2022 | ||||
| IIIIl | Notes | 6 | 6 | ||
| Income from investments | 2 | 66,197 | 64,982 | ||
| KZg~nl ~rn: | |||||
| Charitable activities |
3 | 118,019 | 48,535 | ||
| Net gains/(losses) | on investments | 9 | (137,430) | (687,363) | |
| Net movement | in | funds | (189,252) | (670,916) | |
| Fund balances | at 1 April 2022 | 1,977,108 | 2,648,024 | ||
| Fund balances | at | 31 INarch 2023 | 1,787,856 | 1,977,108 |
| 2022 | ||||||
|---|---|---|---|---|---|---|
| 8 | ||||||
| Fixed assets | ||||||
| Investments | 10 | 1,619,630 | 1,782,441 | |||
| Current assets | ||||||
| Debtors | 12 | 219,131 | 236,347 | |||
| Cash at bank and in | hand | 15,220 | 39,770 | |||
| 234,351 | 276,117 | |||||
| Creditom: amounts | falling dus within | |||||
| one year | 13 | (66,125) | (61,450) | |||
| Net current assets | 168,226 | 214,667 | ||||
| Total assets less current Babglges | 1,787,858 | 1,977,108 | ||||
| Income funds | ||||||
| gBBB(BghtUtrnBB General unresbicted |
funds | 1,259,798 | 1,449,048 | |||
| Revaluafion mserve |
528,060 | 528,060 | ||||
| 1,787,856 | 1,977,108 | |||||
| 1,787,856 | 1,977,108 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2022 | |||
| 6 | 6 | |||
| UK | quoted | investments | 66,197 | 64,962 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Grant administration | costs | 17,499 | 15,000 | ||
| Network, website |
& | support costs | 13,059 | 577 | |
| Establishment | expenses | 1,347 | 1,404 | ||
| Travel and subsistence | 2,758 | 1,903 | |||
| Rates | (1,382) | ||||
| Sundries | 2,543 | 1,272 | |||
| Advertising | 2,688 | 1,643 | |||
| 38,512 | 21,799 | ||||
| Grant funding | of | activities (see note 4) | 66,149 | 12,750 | |
| Share ofgovernance | costs (see note 6) | 13,358 | 13,986 | ||
| 118,019 | 48,535 |
| 2023 | 2022 | |
|---|---|---|
| E | E | |
| Grants to institutions: | ||
| UKFT | 28,300 | |
| Inchley Patterns | 744 | |
| Brierley Brothers | 1,000 | |
| Elizabeth Cooper | 1,000 | |
| Nancy Green | 1,000 | |
| Sapheda | 7,230 | 2,100 |
| The London Leather Workshop | 3,000 | 150 |
| Golden Shears | 15,000 | 7,500 |
| Peter Brasenell | 1,000 | |
| lions Brinton | 1,000 | |
| Samuel Brothers | 1,000 | |
| Tweed Fiend | 1,000 | |
| Whitchurch Silk Mill |
3,500 | |
| Cashmere Circle |
4,375 | |
| 66,149 | 12,750 |
| Net movement | in funds | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|---|
| 6 | |||||||
| Net movement | in funds is stated | atter charging/(crediting) | |||||
| Fees payable to the company's | auditor for the audit ofthe | company's | financial | ||||
| statements | 2,400 | 4,000 | |||||
| Support costs | |||||||
| Support | Governance | 2023 | Support | Governance | 2022 | ||
| costs | costs | costs | costs | ||||
| 6 | 6 | F | 6 | ||||
| Audit fees | 2,400 | 2,400 | 4,000 | 4,000 | |||
| Accountancy | 1,800 | 1,800 | 1,700 | 1,700 | |||
| Legal and professional | 9,056 | 9,056 | 8,193 | 8,193 | |||
| Bank charges | 102 | 102 | 93 | 93 | |||
| 13,358 | 13,358 | 13,986 | 13,986 | ||||
| Analysed between |
|||||||
| Charitable activities |
13,358 | 13,358 | 13,986 | 13,986 |
| 2023 | 2022 |
|---|---|
| Number | Number |
| Net gains/(l | osses) on investments |
||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2023 | 2022 | ||
| K | F | ||
| Revaluation | ofinvestments | (142,811) | 62,114 |
| Gain/(loss) | on sale ofinvestments | 5,381 | (749,477) |
| (137,430) | (687,363) | ||
| Fixed asset investments | |||
| Listed | |||
| investments | |||
| 8 | |||
| Cost orvaluation | |||
| At 1 April 2022 | 1,762,441 | ||
| Valuation changes |
(142,811) | ||
| At 31 March | 2023 | 1,619,630 | |
| Carrying amount |
|||
| At 31 March | 2023 | 1,619,630 | |
| At 31 March | 2022 | 1,762,441 |
| Fixed asset investments | revalued | revalued | ||||
|---|---|---|---|---|---|---|
| Listed investments are revalued |
io their market value at each year end. | |||||
| 11 | Financial Instruments |
2023 | 2022 | |||
| 8 | ||||||
| Carrying amount offinancial |
assets | |||||
| Instruments measured at |
fair value through | profit or loss | 1,619,630 | 1,762,441 |
| 12 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Amounts falling due |
within one year: | 6 | 6 | |||
| Other debtors | 54,131 | 25,000 | ||||
| Prepayments | and accrued income | 1,347 | ||||
| 54,131 | 26,347 | |||||
| Amounts falling due |
after more than one year: | 2023 6 |
2022f | |||
| Other debtors | 165,000 | 210,000 | ||||
| Total debtors | 219,131 | 236,347 | ||||
| 13 | Creditors: amounts | falling due within one year | ||||
| 2023 | 2022 | |||||
| 6 | 6 | |||||
| Other creditors | 61,925 | 55,750 | ||||
| Accruals and deferred | income | 4,200 | 5,700 | |||
| 66,125 | 61,450 | |||||
| 14 | Analysis of net assets between funds | |||||
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| 2023 | 2022 | |||||
| 6 | F. | |||||
| Fund balances | at 31 March 2023 are represented | by: | ||||
| Investments | 1,619,630 | 1,762,441 | ||||
| Current assets/(liabilities) | 168,226 | 214,667 | ||||
| 1,787,856 | 1,977,108 |