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|---|---|---|---|
|Legal and|Administrative|Information||
|Trustees'|Report||2to 3|
|Statement|ofTrustees'|Responsibilities||
|Report of|the Independent
Examiner tothe Trustees|||
|Statement|of Financial|Activities||
|Balance Sheet||||
|Notes to the Financial||Statements|8to 18|
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||||Note|2023|2022|
|---|---|---|---|---|---|
||||||E|
|INCOME||||||
|Investment
income||||73,828|74,340|
|EXPENDITURE||||||
|Raising funds||||7,067|10,256|
|Charitable
activities||||42,250|43,500|
|Governance
and support costs||||8,163|9,860|
|Total expenditure||||57,480|63,616|
|Net income before
investments|losses/gains|on||16,348|10,724|
|Net (losses)/gains|on investments|||(7,987)|256,920|
|Net income||||8,361|267,644|
|Net movement
in funds||||8,361|267,644|
|Reconciliation
offunds||||2,799,786|2,532,142|
|Total funds brought|forward|||||
|Total funds carried|forward|||2,808,147|2,799,786|
|||||2023|2022|
|---|---|---|---|---|---|
||||Note|E||
|Fixed assets||||||
|Tangible assets|||9|80,102|80,102|
|Investment
properties|||11|2,295,000|2,295,000|
|Other fixed asset investments|||12|418,971|426,959|
|Total fixed assets||||2,794,073|2,802,061|
|Current Assets||||||
|Debtors|||13|15,805|16,311|
|Cash at bank and in|hand|||34,745|11,418|
|Total current assets||||50,550|27,729|
|Creditors - amounts|falling due within||14|(36,476)|(30,004)|
|one year||||||
|Net Current assets/(liabilities)||||14,074|(2,275)|
|Total net assets||||2,808,147|2,799,786|
|The funds ofthe charity||||||
|Total charity funds - unrestricted||funds||2,808,147|2,799,786|
|Signed on behalf of|the Board of Trustees.|||||
|Mrs Muriel Beck||||Mrs Mozhgan|Sepahzad|
|Treasurer
and Trustee||||Trustee||
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|2.
Investment
Income|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Rental income from investment||properties|||65,558|64,745|
|Dividends
received from listed||investments|||6,327|7,340|
|Interest received and other|investment||income||1943|2 255|
||||||73 828|74340|
|Investment
income arose as follows:|||||||
|Investment
assets situated|in the United||Kingdom||73,828|72,674|
|Investment
assets situated|outside the||United|Kingdom||1666|
||||||73 828|~74340|
|3. Costs of raising funds|||||||
||||||2023|2022|
||||||E|E|
|Property
repairs, maintenance||and insurance|||7067|10256|
|4. Charitable
Activities|||||||
||||||2023|2022|
|Grants paid to individuals|||||42,000|43,000|
|Other charitable
expenditure|||||250|500|
||||||~42 250|43500|
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||E||
|Legal fees|||||(175)|980|
|Independent|examiner's|||fees|5,400|5,400|
|Travel, subsistence,|||motor and general||||
|administrative||expenses.|||2 938|3480|
||||||~8163|9860|
|6.
Net income|||||||
|The net income||is|stated|after charging:|||
||||||2023|2022|
|||||||E|
|Independent|examiner's|||fees|5 400|5400|
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||||2023|2022|
|---|---|---|---|---|
||||f||
|Travelling,|administrative|and property|||
|maintenance
expenses|||~2938|3.480|
|Number
of|trustees to whom expenses were reimbursed||1||
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|||||2023|2022|
|---|---|---|---|---|---|
|||||E|f|
|Unrealised|(losses)/gains|on revaluation||||
|oflisted investments||||(7,987)|66,922|
|Unrealised|gains on revaluation||ofinvestment|||
|properties|||||189998|
|Total gains||||7987|256 920|
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||||Office||
|---|---|---|---|---|
||Musical||equipment||
||instruments|Motor|fixtures and||
||(Note 10)|Vehicles|fittings|Total|
||E|E|E|E|
|Cost or valuation|||||
|At 6 April 2022|80,100|7,650|3,897|91,647|
|At 5April 2023|80,100|7,650|3,897|91,647|
|Depreciation|||||
|At 6 April 2022||7,648|3,897|11,545|
|At 5April 2023||7,648|3,897|11,545|
|Net book value|||||
|At 5April 2023|80,100|||80,102|
|At 5 April 2022|80,100|||80,102|
|Historical cost|||||
|At 5 April 2023|51,979|||51,981|
|At 5 April 2022|51,979|||51,981|
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||||||Fair value||Historical|cost|
|---|---|---|---|---|---|---|---|---|
||||||At 5|At 5|At 5|At 5|
||||||April|April|April|April|
||||||20223|2022|2023|2022|
||||||F.|E||E|
|Cello|by|Charles|Adolphe|Maucotel,|||||
|made|in|1847|||80,000|80,000|51,888|51,888|
|Flute|||||100|100|91|91|
||||||80,100|80,100|51,979|51,979|
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|Name of property||Fair
At 5|value
At 5|Historical cost
At 5
At 5|Historical cost
At 5
At 5|
|---|---|---|---|---|---|
|||April
2023|April
2022|April
2023|April
2022|
|Freehold properties:||E|E|||
|57 Bowens Wood, Addington,
Croydon
CRO 9LQ||410,000|410,000|240,525|240,525|
|191Osward,
Court Wood
Croydon
CRO 9HF|Lane,|390,000|390,000|346,970|346,970|
|143Middlefields,
Croydon,|CRO 9LJ|390,000|390,000|357,080|357,080|
|5 Fairacres, Bardolph Avenue,
Croydon
CRO 9JY||390,000|390,000|382,487|382,487|
|12 Fairacres, Bardolph Avenue,
Croydon,
CRO 9JY||390,000|390,000|370,298|370,298|
|Leasehold property:||||||
|12 Holmbury
Grove, Addington,
Surrey,
CRO 9AN||325,000|325,000|170,561|170,561|
|||E2,295,000|E2,295,000|E1,867,921|E1,867,921|
|12.Fixed asset investment|12.Fixed asset investment||||
|---|---|---|---|---|
||||2023|2022|
||||E||
|Market value at 6 April|2022||426,959|357,264|
|Additions||||2,773|
|Disposals|||||
|Net unrealised
investment
losses/gains|||~7988|~66 922|
|Market value at 5April|2023||418 971|~426959|
|Historical cost at 5 April 2022|||296750|296750|
|Listed investments
are represented||by:|||
|Equity shares|||90,964|95,954|
|Investment
trusts and unit trusts|||~328 007|~331005|
|Total|||418971|4~26 959|
||||2023|2022|
||||E|E|
|Fixed asset investments|are held as|follows;|||
|Investments
held within|the UK||201,787|204,785|
|Investments
held outside the UK|||86975|91965|
|Total|||288 762|~296 750|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||f|E|
|Tax Credit Relief on investment|||income|805|1.311|
|Other debtors||||15000|15000|
|||||15805|16311|
|14.Creditors: amounts||falling due within one year||||
|||||2023|2022|
|||||E||
|Accrued|expenses|||10,800|5,400|
|Amount|owed to trustee|Mrs M C Beck (Note 15)||~25 674|24 604|
|||||36474|30004|
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|||Trustees|Relationship|||
|---|---|---|---|---|---|
||Name|connected
with|to trustee|2023|2022|
|||||E|f|
|J|R Hewitt|M Sepahzad|Grandson|5,000|11,000|
|||5 Kirk|Son|||
|A|Kirk|||||
|||M C Beck|Grandson|6,000||
|8|Kirk Emes|5 Kirk|Son|6,000|6,000|
|||M C Beck|Grandson|||
|A|Atkinson|5 Whitebloom|Son|10,000|10,000|
|A|Atkinson|5Whitebloom|Son|5,000|6,000|
|F|Atkinson|5Whitebloom|Son|3,000|5,000|
|||||35,000|38,000|