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|||
|---|---|
|CONTENTS|Page|
|REFERENCE AND ADMINISTRATIVE
INFORMATION||
|TRUSTEES' REPORT|2-4|
|TRUSTEES' RESPONSIBILITIES STATEMENT||
|INDEPENDENT AUDITOR'S REPORT||
|STATEMENT OF FINANCIAL ACTIVITIES||
|BALANCE SHEET|10|
|NOTES TO THE FINANCIAL STATEMENTS|11-15|
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|Charity registration|Charity registration|number|1012875||
|---|---|---|---|---|
|Registered|address||First Floor||
||||79 Promenade||
||||Cheltenham||
||||GL50 1PJ||
|Trustees|||Mr P D McLain||
||||Mrs SWalker||
||||Mrs K Barnard-Wills||
||||Mr R Bromberg|(Chairman)|
|Bankers|||Lloyds Bank pic||
||||130High Street||
||||Cheltenham||
||||Gloucestershire||
||||GL50 1EW||
|Auditors|||Hazlewoods
LLP||
||||Staverton
Court||
||||Staverton||
||||Cheltenham||
||||Gloucestershire||
||||GL51 OUX||
|Legal advisor|||BPE||
||||StJames' House||
||||StJames' Square||
||||Cheltenham||
||||Gloucestershire||
||||GL50 3PR||
|Investment|advisors||Quilter Cheviot||
||||Senator House||
||||85 Queen Victoria Street||
||||London||
||||EC4V 4AB||
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||Total|Total|
|||Note|2023|2022|
|||||f.|
|Income and endowments|from:||||
|Donations
and legacies|||||
|Investments|||147,855|126,672|
|Total income|||147,855|126,672|
|Expenditure
on:|||||
|Raising funds|||41,978|47,799|
|Charitable
activities|||72,406|258,649|
|Total expenditure|||114,384|306,448|
|Net income/(expenditure)|and net||||
|movements
in funds before gains|||||
|and losses on investments|||33,471|(179,776)|
|Net (losses)/gains
on investments|||(329,264)|213,633|
|Net losses on currency|||||
|Net (expenditure)/income|and||||
|net movement
in funds|||(295,793)|33,857|
|Funds brought
forward|||4,906,287|4,872,430|
|Funds carried forward|||4,610,494|4,906,287|
##
|BALANCE SHEET
as at 31 March 2023||||
|---|---|---|---|
||Note|2023|2022f|
|FIXEDASSETS||||
|Tangible fixed assets||||
|Investments||4,401,344|4,881,747|
|TOTAL FIXEDASSETS||4,401,344|4,881,747|
|CURRENT ASSETS||||
|Cash
in hand and at bank||404,901|285,145|
|Other debtors and prepayments||288|384|
|Accrued income||13,254|10,736|
|||418,443|296,265|
|LIABILITIES||||
|Creditors: amounts
falling due within one year|7|(209,293)|(271,725)|
|NET CURRENT ASSETS||209,150|24,540|
|TOTAL NET ASSETS||4,610,494|4,906,287|
|FUNDS OF THE CHARITY||||
|Unrestricted
funds||4,610,494|4,906,287|
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|NO
for|TES TO THE FINANCIAL STATEMENTS (c
the year ended 31 March 2023|TES TO THE FINANCIAL STATEMENTS (c
the year ended 31 March 2023|ontinued)||
|---|---|---|---|---|
|2|INVESTMENT INCOME||||
||||2023|2022|
||||R||
||Income from listed investments||147,855|126,672|
|3|RAISING FUNDS||||
||||2023
R|2022f|
||Accountancy
fees||3,600|6,002|
||Investment
managers|fees|30,034|32,682|
||Other administration|costs|8,344|9,155|
||||41,987|47,799|
##
|CHARIT|ABLE ACTIVITIES||||
|---|---|---|---|---|
||||2023|2022|
||||E||
|Grants|payable
in furtherance|ofthe|||
|charity's|objectives for the public benefit||||
|Made to|institutions||64,651|255,656|
|Made to|individuals||7,655|2,593|
||||72,406|258,649|
|During the year|the Trust|made the following|grants to institutions|ofa value||
|---|---|---|---|---|---|
|ofE1,000 or over:||||||
|Horseback
UK|||||15,000|
|Hartpury
University|||||33,884|
|Gloucestershire|Learning|Alliance|||5,000|
|National
Star|||||15,000|
##
|for t|he year ended 31 March 2023|he year ended 31 March 2023|he year ended 31 March 2023||||
|---|---|---|---|---|---|---|
|5|TANGIBLE FIXEDASSETS||||||
|||||||Computer|
|||||||Equipment|
||Cost||||||
||At 1 April 2022|and at 31|March|2023||839|
||Depreciation||||||
||At 1 April 2022|and at 31|March|2023||839|
||Net book value||||||
||At 31 March 2022 and 31 March|||2023|||
|6|FIXEDASSET|INVESTMENTS|||||
||||||2023|2022|
||Listed investments||||4,401,344|4,881,747|
||Listed investments
at market value comprise:||||||
||||||2023|2022|
||Valuation
at the|beginning|of||||
|year|||4,881,747||4,677,138||
||Additions
in the||||||
|year|||397,001||429,173||
||Disposals
in the year||||(548,140)|(438,197)|
||(Losses)/gains|on revaluation|||(329,264)|213,633|
||Valuation
at end ofyear||||4,401,344|4,881,747|
||The historic cost of investments|||is:|||
||Listed investments:||||3,777,448|3,983,839|
||Investments
at|fair value|comprise:||||
||Equities||||3,931,880|4,134,086|
||Fixed interest securities||||469,464|747,661|
||Total||||4,401,344|4,881,747|
##
|7|CREDITORS—|||
|---|---|---|---|
||Amounts
falling due within one year|2023|2022|
||Trade creditors|4,880|636|
||Accruals|204,413|271,089|
|||209,293|271,725|
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