| Page | ||
|---|---|---|
| Legal and Administrative | Information | |
| Annual Report ofthe Trustees |
||
| Independent Examiners |
Report | 12 |
| Statement of Financial | Activities | 13 |
| Balance Sheet | 14 | |
| Notes to the Accounts | 15 |
| Unrestricted | Unrestricted | Unrestricted | Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|---|---|---|
| Income | Designated | Capital | Funds | Total | ||||
| Fund | Fund | Fund | 2023 | 2022 | ||||
| Note | ||||||||
| 5 | f | |||||||
| INCOME AND ENDOWMENTS | ||||||||
| Donations and legacies |
2 | |||||||
| Investments | 3 | 160,273 | 160,273 | 150,293 | ||||
| TOTAL INCOME | 160,273 | 160,273 | 150,293 | |||||
| EXPENDITURE | ||||||||
| Raising funds | 26,108 | 26,108 | 26,519 | |||||
| Charitable Activities |
5 | 487,722 | 487,722 | 433,452 | ||||
| Cost of grant making | 487,722 | 487,722 | 433,452 | |||||
| TOTAL EXPENDITURE | 487,722 | 26,108 | 513,830 | 459,971 | ||||
| Net (losses) Igains | on investments | (304,982) | (304,982) | 1,116,083 | ||||
| Net (Expenditure) | IIncome | (327,449) | (331,090) | (658,539) | 806,405 | |||
| Transfer between | funds | 7 | 322,861 | (322,861) | ||||
| Net movement in funds |
(4,588) | (653,951) | (658,539) | 806,405 | ||||
| Fund balances brought |
foward | (76,280) | 9,773,630 | 9,697,350 | 8,890,945 | |||
| FUND BALANCES | CARRIED | |||||||
| FORWARD AT 31 | JANUARY 2023 | 11 | (80,868) | 9,119,679 | 9,038,811 | 9,697,350 |
| Unrestricted | Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|---|
| Income | Designated | Capital | |||||
| Fund | Fund | Fund | Total2023 | Total2022 | |||
| f | 8 | 6 | |||||
| Note | |||||||
| FIXEDASSET INVESTMENTS | |||||||
| Listed investments | 9,013,386 | 9,013,386 | 9,768,276 | ||||
| Unlisted | investments | ||||||
| Cash | 106,293 | 106,293 | 5,354 | ||||
| TOTAL | FIXEDASSETS | 9,119,679 | 9,119,679 | 9,773,630 | |||
| CURRENT ASSETS | |||||||
| Debtors | 9 | 7,599 | 7,599 | 6,367 | |||
| Current | Asset Investments | 1,070 | 1,070 | 1,070 | |||
| Cash At | Bank and ln Hand |
50,516 | 50,516 | 23,800 | |||
| TOTAL | CURRENT ASSETS | 59,185 | 59,185 | 31,237 | |||
| CURRENT LIABILITIES | |||||||
| Creditors | Due Within One Year | 10 | 140,053 | 140,053 | 107,517 | ||
| Net current (liabilities) | (80,868) | (80,868) | (76,280) | ||||
| NET ASSETS BEING TOTAL FUNDS | |||||||
| OF THE | CHARITY | 11 | (80,868) | 9,119,679 | 9,038,811 | 9,697,350 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| 6 | ||||||||
| Listed investments | 152,606 | 133,844 | ||||||
| Interest on | short term deposits | 62 | 5 | |||||
| Unlisted investment |
—The Charities | Property | Fund | 10,063 | ||||
| Charity tax | reclaim | 7,605 | 6,381 | |||||
| 160,273 | 150,293 | |||||||
| 4 | RAISING FUNDS | |||||||
| 2023 | 2022 | |||||||
| 5 | ||||||||
| Investment | management | fees | 26,108 | 26,519 |
| EXPENDITURE - CURRENT YEAR | |||
|---|---|---|---|
| Institutional | Support & |
Total | |
| Programme | grants E |
governance costs |
2023f |
| The Mrs Smith Fund | 30,000 | 1,356 | 31,356 |
| The Mount Fund | 426,649 | 29,717 | 456,366 |
| 456,649 | 31,073 | 487,722 | |
| EXPENDITURE - PRIOR YEAR | |||
| Institutional | Support & |
Total | |
| Programme | grants 6 |
governance costs |
2022f |
| The Mrs Smith Fund | 18,750 | 1,015 | 19,765 |
| The Mount Fund | 386,264 | 27,423 | 413,687 |
| 405,014 | 28,438 | 433,452 |
| 2023 | 2022 | ||
|---|---|---|---|
| Commitments | made in the year |
456,649 | 405,014 |
| Grants payable | in the year | 456,649 | 405,014 |
| Commitments | at 31 January 2022 | 99,250 | 86,250 |
| Grants paid during the year Grant released during the year (charity closed) |
(421,899) ~5,000 |
(392,014) | |
| Commitments | at 31 January 2023 | 129,000 | 99,250 |
| 2023 | 2022 | ||
| 6 | |||
| Commitments | at 31 January are payable as follows. | ||
| Payable within |
one year | 129,000 | 99,250 |
| Commitments | as at 31 January 2023 | 129,000 | 99,250 |
| The Mrs | Smit | h Fund: | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 6 | |||||
| Housing | the | Homeless | Central Fund | 10,000 | 6,250 |
| St Mungo's | 10,000 | 6,250 | |||
| Independence | at Home | 10,000 | 6,250 | ||
| 30,000 | 18,750 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| F | ||||
| Alternatives Trust East London |
20,000 | |||
| Arts and Minds | 5,000 | |||
| Ascension Community Trust |
5,000 | |||
| Aylsham & District Care |
6,000 | |||
| Baobab Centre | 35,000 | |||
| Blooming Blossoms | 2,220 | |||
| Blue Smile | 10,000 | |||
| Brent Centre for Young People | 5,000 | |||
| Bromley | Community Counselling Service |
|||
| Cambridge Acorn Project |
5,000 | |||
| Central London Samaritans |
3,000 | |||
| Creative Futures | 5,000 | |||
| CRUSE Bereavement Support |
3,524 | |||
| CPU-London | (Camden Psychotherapy Unit) |
10,000 | ||
| Drama Expressions for Children |
5,000 | |||
| Essex Dementia Care (EDC) |
5,000 | |||
| Essex Respite & Care Association | 3,000 | 3,000 | ||
| Evolve Counselling | 3,000 | |||
| Family First | 10,000 | |||
| Fight Against Blindness | 10,000 | |||
| Headway West London |
5,000 | |||
| Home-Start South West Kent |
15,000 | |||
| Home-Start Camden |
4,500 | |||
| Home-Start Elmbridge |
4,600 | |||
| Hounslow | Action for Youth Association | 5,000 | ||
| Jigsaw (South East) | 3,000 | |||
| Kent MS Therapy Centre |
3,000 | |||
| Lighthouse Women's Aid |
5,000 | |||
| Lev Echod Cancer Care | 4,425 | |||
| Ivlusic24 | 5,000 | |||
| Mustard Seed Autism Trust |
3,000 | |||
| Nelson's Journey |
4,935 | |||
| North London Cares | 5,000 |
| GRANTS PAYABLE | GRANTS PAYABLE | GRANTS PAYABLE | (continued) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Mental | Health | Cont. | ||||||||
| Oakleaf Enterprise | 5,000 | |||||||||
| Open Door, | Young | Person's | Consultation Service |
5,000 | ||||||
| Parent Club | 2,500 | |||||||||
| Pear Tree | 3,000 | |||||||||
| Refugee Acton Kingston | 4,950 | |||||||||
| Refugee Support Network |
5,000 | |||||||||
| Rewrite | Your | Story (Therapy Partners) |
10,000 | |||||||
| Richmond Fellowship |
4,980 | |||||||||
| Rubicon Cares | 4,928 | |||||||||
| Safe Steps | 5,000 | |||||||||
| Shapeshifter Productions |
2,500 | |||||||||
| Sing Your Heart Out | 5,000 | |||||||||
| SLOW | 6,000 | |||||||||
| Somerville Youth |
10,000 | |||||||||
| St.Vincent's Family Project |
5,000 | |||||||||
| Stand-By-Me | 10,000 | |||||||||
| STARS | 15,000 | |||||||||
| Sue | Lambert Special Trust | 3,000 | ||||||||
| Suffolk Sight | 5,000 | |||||||||
| Sydenham Garden |
3,000 | |||||||||
| Sycamore Trust | 9,500 | |||||||||
| Tavistock and Portman | 5,000 | |||||||||
| The Blackthorn Trust |
5,000 | |||||||||
| The Bridge at Waterloo | 5,000 | |||||||||
| The Deborah Ubee Trust | 10,000 | |||||||||
| The Empowerment Group |
8,000 | |||||||||
| The Purple Elephant Project |
4,680 | |||||||||
| The Shaw Mind Foundation | 3,000 | |||||||||
| The Tunbridge | Wells Counselling Centre Limited |
6,000 | ||||||||
| Tom's Trust | 5,000 | |||||||||
| Time Norfolk | 7,000 | |||||||||
| Turning Corners |
2,500 | |||||||||
| Vietnamese Mental Health |
3,901 | |||||||||
| Voluntary | Action Epping Forest | 3,000 | ||||||||
| Walworth Garden Ltd |
2,500 | |||||||||
| Welwyn | Hatffeld Women's | Refuge | and Support Services | 10,000 | ||||||
| Wonderfully | Made (Arbury | Road Baptist Church) | 5,000 | |||||||
| Waking Mind |
10,000 | |||||||||
| Yesu | 10,000 | |||||||||
| You Raise Me Up | 5,000 | |||||||||
| Young 8 Inspired | 5,000 | 5,000 | ||||||||
| Youth Talk | 10,000 | |||||||||
| 240,334 | 235,809 | |||||||||
| Homelessness | ||||||||||
| 2023 | 2022 | |||||||||
| 6 | 6 | |||||||||
| All People All Places | 5,000 | |||||||||
| Barons Court Project Ltd | 5,000 | |||||||||
| Bosnia | and Herz Comm Advice Centre | 3,000 | ||||||||
| Bridging the Gap Islington | 4,950 | |||||||||
| Canterbury | Housing Advice Centre |
7,000 | ||||||||
| Crisis UK | 5,000 | |||||||||
| Emmaus Dover |
4,969 |
| GRANTS PAYABLE | GRANTS PAYABLE | GRANTS PAYABLE | GRANTS PAYABLE | (continued) | |||||
|---|---|---|---|---|---|---|---|---|---|
| Homelessness | Cont. | ||||||||
| Fresh Horizons CNB | 3,000 | ||||||||
| GASP Motor Project | 10,000 | ||||||||
| Hackney Migrant Centre |
30,000 | 5,000 | |||||||
| Helping Hands Essex |
(5,000) | 10,000 | |||||||
| Loves Farm Community Church |
4,000 | ||||||||
| Making a Difference to Maidstone | 5,000 | ||||||||
| Medway District CAB |
5,000 | ||||||||
| New Leaf Support | 5,000 | ||||||||
| Newway | 5,000 | ||||||||
| Norfolk Community Law Service |
5,000 | ||||||||
| Reach Community Project |
5,000 | ||||||||
| Room to Heal | 10,000 | ||||||||
| Solo | Housing (East Anglia) |
5,000 | |||||||
| St Martine in the Fields |
5,000 | ||||||||
| Streetlight UK |
10,000 | ||||||||
| Waltham | Forest Churches Night Shelter |
5,000 | |||||||
| 76,919 | 80,000 | ||||||||
| Health | in the | Communi | |||||||
| 2023 | 2022 | ||||||||
| 6 | 6 | ||||||||
| Crossroads Care Braintree |
10,000 | ||||||||
| Dhiverse | 5,000 | ||||||||
| Disability Advice Service | 3,000 | ||||||||
| Hypo Hounds | 10,000 | ||||||||
| It's On The Ball | 2,500 | ||||||||
| My Home Life Essex | 5,000 | ||||||||
| Norfolk Deaf Association | 10,000 | ||||||||
| Pandora Project | 10,000 | ||||||||
| South London Special League | 3,955 | ||||||||
| The Kite Trust (CIO) | 10,000 | ||||||||
| Voluntary | Action Epping Forest | 6,000 | |||||||
| 10,000 | 65,455 | ||||||||
| Communit | Youth Services | ||||||||
| Angel Shed Theatre | 2,500 | ||||||||
| Ashford Mediation Service |
5,000 | ||||||||
| Bishops | Sortford Youth Project | 10,000 | |||||||
| Blooming Blossoms | 4,000 | ||||||||
| Caxton Youth Organisation | 6,000 | ||||||||
| Community | Drug | and Alcohol Recovery Services | 5,000 | ||||||
| Drama Expressions for Children |
5,000 | ||||||||
| E P Youth Ltd |
4,896 | ||||||||
| Hackney Shed | 8,000 | ||||||||
| Hope in Tottenham |
15,000 | ||||||||
| Slide Away | 2,000 | ||||||||
| The Ahoy Centre | 7,000 | ||||||||
| The Bumblebee Children's Charity |
5,000 | ||||||||
| Violence intervention Project |
10,000 | ||||||||
| 89,396 |
| SUPPORT C | OSTS —CUR | RENT YEAR | |||
|---|---|---|---|---|---|
| Mrs | The | ||||
| Smith | Mount | Total | |||
| Fund | Fund | 2023 | |||
| E | 6 | ||||
| Administration | fees | 1,451 | 19,188 | 20,639 | |
| Governance | costs | 9,397 | 9,397 | ||
| Membership | subscnption | 1,037 | 1,037 | ||
| 1,451 | 29,622 | 31,073 | |||
| Governance | costs: | ||||
| Accountancy | fees | 7,215 | |||
| Independent | Examination | fees | 1,020 | ||
| Professional | fees | 190 | |||
| Other costs | 972 | ||||
| 9,397 | |||||
| SUPPORT COSTS - PRIOR YEAR | |||||
| Mrs | The | ||||
| Smith | Mount | Total | |||
| Fund | Fund | 2022 | |||
| E | 6 | ||||
| Administration | fees | 1,015 | 20,905 | 21,920 | |
| Governance | costs | 5,530 | 5,530 | ||
| Membership | subscription | 988 | 988 | ||
| 1,015 | 27,423 | 28,438 | |||
| Governance | costs: | ||||
| Accountancy | fees | 2,724 | |||
| Independent | Examination | fees | 1,140 | ||
| Professional | fees | 190 | |||
| Other costs | 1,476 | ||||
| 5,530 |
| There was a transfer | from | the Unrestricted | the Unrestricted | Capital | Capital | Fund to the Unrestricted | Fund to the Unrestricted | Fund to the Unrestricted | Income Fund | of f322,861 |
|---|---|---|---|---|---|---|---|---|---|---|
| (2022, f194,489) for | grant | making | in the year. | The | Trustees | set a spending | target at the | beginning of |
||
| each financial year. |
Any shortfall | between | anticipated | income | and expenditure is funded |
by transfers | ||||
| from the capital fund to the | income | fund. | ||||||||
| FIXEDASSET INVESTMENTS | ||||||||||
| 2023 | 2022 | |||||||||
| Restated | ||||||||||
| F | ||||||||||
| Market value at 1 February | 2022 | 9,773,630 | 8,878,555 | |||||||
| Additions at cost |
769,145 | 851,089 | ||||||||
| Disposal proceeds | (1,218,885) | (1,026,338) | ||||||||
| Unrealised and realised (losses) and gains |
(304,982) | 1,116,083 | ||||||||
| Transfer from I (to) cash | 100,771 | (45,759) | ||||||||
| Market value at 31 January 2023 | 9,119,679 | 9,773,630 | ||||||||
| Historical cost as at 31 January 2023 | 7,213,122 | 7,362,238 | ||||||||
| BREAKDOWN OF INVESTMENTS —CURRENT | YEAR | |||||||||
| 2023 | ||||||||||
| UK E |
Overseas F |
Totalf | ||||||||
| Listed investments: | ||||||||||
| Equities | 840,967 | 5,449,189 | 6,290,156 | |||||||
| Fixed interest | 2,185,609 | 2,185,609 | ||||||||
| Alternatives | 537,621 | 537,621 | ||||||||
| Unlisted investments: |
||||||||||
| Cash | 106,293 | 106,293 | ||||||||
| 3,670,490 | 5,449,189 | 9,119,679 |
| 2022 | ||||||
|---|---|---|---|---|---|---|
| UK | Overseas | Total | ||||
| 6 | ||||||
| Listed investments: | ||||||
| Equities | 1,101,978 | 5,961,663 | 7,063,641 | |||
| Fixed interest | 2,434,648 | 2,434,648 | ||||
| Alternatives | 269,987 | 269,987 | ||||
| Unlisted | investments: | |||||
| Charities | Property | Fund | ||||
| Cash | 5,354 | 5,354 | ||||
| 3,811,967 | 5,961,663 | 9,773,630 | ||||
| 9 | DEBTORS | |||||
| 2023 | 2022 | |||||
| Tax reclaimable | 7,599 | 6,367 | ||||
| 7,599 | 6,367 | |||||
| 10 | CREDITORS FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | |||||
| 6 | 6 | |||||
| Grants payable (note 5) | 129,000 | 99,250 | ||||
| Accruals | 11,053 | 8,267 | ||||
| 140,053 | 107,517 |
| Brought | Gains/ | Carried | |||||
|---|---|---|---|---|---|---|---|
| forwardf | Income 6 |
Expenditure 6 |
(losses)f | Transfers 6 |
forward F |
||
| Unrestricted | |||||||
| capital fund | 9,773,630 | (26,108) | (304,982) | (322,861) | 9,119,679 | ||
| Unrestricted | |||||||
| designated | fund | ||||||
| Unrestricted | |||||||
| income fund | (76,280) | 160,273 | (492,722) | 322,861 | (80,868) | ||
| 9,697,350 | 160,273 | (518,830) | (304,982) | 9,038,811 | |||
| SUMMARY | OF | FUNDS —PRIOR | YEAR | ||||
| Brought | Gains/ | Carried | |||||
| forward | Income | Expenditure | (losses) | Transfers | forward | ||
| F | 8 | ||||||
| Unrestricted | |||||||
| capital fund | 8,878,555 | (26,519) | 1,116,083 | (194,489) | 9,773,630 | ||
| Unrestricted | |||||||
| designated | fund | ||||||
| Unrestricted | |||||||
| income fund | 12,390 | 150,293 | (433,452) | 194,489 | (76,280) | ||
| 8,890,945 | 150,293 | (459,971) | 1,116,083 | 9,697,350 |
| Unrestricted | Unrestricted | Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|---|---|
| Income | Designated | Capital | Funds | Total | ||||
| Fund | Fund | Fund | 2022 | 2021 | ||||
| Note | ||||||||
| INCOME AND ENDOWMENTS | ||||||||
| Donations and legacies |
2 | 70,811 | ||||||
| Investments | 3 | 150,293 | 150,293 | 154,783 | ||||
| TOTAL INCOME | 150,293 | 150,293 | 225,594 | |||||
| EXPENDITURE | ||||||||
| Raising funds | 26,519 | 26,519 | 23,427 | |||||
| Charitable Activities |
5 | 433,452 | 433,452 | 340,067 | ||||
| Cost ofgrant making | 433,452 | 433,452 | 340,067 | |||||
| TOTAL EXPENDITURE | 433,452 | 26,519 | 459,971 | 363,494 | ||||
| Net gains on investments | 1,116,083 | 1,116,083 | 558,300 | |||||
| Net (Expenditure) | I Income | (283,159) | 1,089,564 | 806,405 | 420,400 | |||
| Transfer between | funds | 7 | 194,489 | (194,489) | ||||
| Net movement in |
funds | (88,670) | 895,075 | 806,405 | 420,400 | |||
| Fund balances brought |
foward | 12,390 | 8,878,555 | 8,890,945 | 8,470,545 | |||
| FUND BALANCES | CARRIED | |||||||
| FORWARD AT 31 | JANUARY 2022 | 11 | (76,280) | 9,773,630 | 9,697,350 | 8,890,945 |
| BALANCE SHEET AT 31 JANUARY 2022 |
||||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Unrestricted | ||||
| Income | Designated | Capital | ||||
| Fund | Fund | Fund | Total 2022 | Total 2021 | ||
| E | F | 6 | E | |||
| Note | ||||||
| FIXEDASSET INVESTMENTS | ||||||
| Listed investments | 9,768,276 | 9,768,276 | 8,635,740 | |||
| Unlisted investments |
239,410 | |||||
| Cash | 5,354 | 5,354 | 3,405 | |||
| TOTAL FIXEDASSETS | 9,773,630 | 9,773,630 | 8,878,555 | |||
| CURRENT ASSETS | ||||||
| Debtors | 9 | 6,367 | 6,367 | 85,842 | ||
| Current Asset Investments | 1,070 | 1,070 | 1,070 | |||
| Cash At Bank and In Hand |
23,800 | 23,800 | 24,368 | |||
| TOTAL CURRENT ASSETS | 31,237 | 31,237 | 111,280 | |||
| CURRENT LIABILITIES | ||||||
| Creditors Due Within One Year |
10 | 107,517 | 107,517 | 98,890 | ||
| Net current (liabilities) orassets | (76,280) | (76,280) | 12,390 | |||
| NET ASSETS BEING TOTAL FUNDS | ||||||
| OF THE CHARITY | 11 | (76,280) | 9,773,630 | 9,697,350 | 8,890,945 |