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|Contents||
|---|---|
|Trustees and Advisers||
|Trustees' Report.||
|Statement ofTrustees'|Responsibilities.|
|Report ofthe Independent
Auditors.||
|Statement of Financial|Activities. .|
|Statement of Financial|Position.|
|Statement ofCash Flows ..||
|Notes to the Financial|Statements.|
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||||||Note|2023|2022|
|---|---|---|---|---|---|---|---|
|||||||All Unrestricted|All Unrestricted|
|||||||and Total Funds|and Total Funds|
|Income and Endowments||||||||
|Income from investments||||||346,121|309,200|
|Total income||||||346,121|309,200|
|Expenditure
on||||||||
|Charitable
activities||||||||
|Grant making
activities||||||(415,723)|(390,539)|
|Total Expenditure||||||(415,723)|(390,539)|
|Net (expenditure)
and net movement
(loss)/gain
on investments|||on funds|before||(69,602)|(81,339)|
|Other recognised
gains and losses||||||||
|Net (loss)/gain
on investments||||||(1,183,974)|723,575|
|Net movement
in funds|||||13|(1,253,576)|842,236|
|Reconciliation
of Funds||||||||
|Fund balances
brought|forward|at 1 April||||13,081,094|12,438,858|
|Fund balances carried|forward at 31 Nlarch||||13|11,827,518|13,081,094|
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|||||Note|2023|2022|
|---|---|---|---|---|---|---|
||||||All Unrestricted|All Unrestricted|
||||||and Total Funds|and Total Funds|
|Fixed Assets|||||||
|Tangible fixed|assets|||10|956|1,656|
|Investments||||11|11,727,013|12,982,113|
||||||11,727,969|12,983,769|
|Current Assets|||||||
|Debtors||||12|90,307|89,251|
|Cash at bank|and in hand|||12|25,003|23,301|
|Total Current|Assets||||115,310|112,552|
|Current Liabilities|||||||
|Creditors: amounts||falling due within|one year|12|(15,761)|(15,227)|
|Net Current Assets|||||99,549|97,325|
|Net Assets|||||11,827,518|13,081,094|
|The funds of|the Charity||||||
|Unrestricted|income funds/Total||Charity funds|13|11,827,518|13,081,094|
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||||Note|Total|Total|
|---|---|---|---|---|---|
|||||Funds|Funds|
|||||2023|2022|
|||||6||
|Net cash used in operating|activities||14|(415,545)|(400,152)|
|Cashflows
from investing|activities|||||
|Interest and dividends|||5|346,121|309,200|
|Purchase ofproperty,
plant|and equipment||10||(2,100)|
|Proceeds from sale ofinvestments|||11|415,000|375,000|
|Purchase ofinvestments|||11|(343,874)|(295,362)|
|Net cash provided
by investing
activities||||417,247|386,738|
|Change
in cash and cash|equivalents|in the year||1,702|(13,414)|
|Cash and cash equivalents|brought
forward|||23,301|36,715|
|Cash and cash equivalents|carried forward|||25,003|23,301|
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||||2023|2022|
|---|---|---|---|---|
||||6||
|Pooled investment||vehicles|346,121|309,200|
|Total investment|income||346,121|309,200|
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||||2023|2022|
|---|---|---|---|---|
||Grant funded
activity||178,510|172,366|
||Support costs (note|7)|231,882|213,288|
||Governance
(note 8)||5,331|4,885|
||||415,723|390,539|
|7.|Support costs||||
||||2023|2022|
||Staff costs||150,786|141,585|
||Administration
expenses||50,858|50,797|
||Car and travel expenses||25,509|15,822|
||Other costs||4,729|5,084|
||Total support costs||231,882|213,288|
||Governance costs||||
||||2023|2022|
||Auditors'
remuneration||2,520|2,040|
||Trustees'
Indemnity|Insurance|2,811|2,845|
||Total governance|costs|5,331|4,885|
||Analysis ofstaff|costs|||
||||2023|2022|
||Salaries||112,834|104,217|
||National insurance|contributions|9,589|9,847|
||Pension costs||28,363|27,521|
||Total staff costs||150,786|141,585|
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|||||||||Computer|Computer|equipment|equipment|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|||2022|
|||||||||E|||E|
||||Cost|||||||||
||||At 1 April|2022||||3,097|||1,994|
||||Additions|in year|||||||2,100|
||||Disposals|in year|||||||(997)|
||||At 31 March 2023|||||3,097|||3,097|
||||Depreciation|||||||||
||||At 1 April|2022||||1,441|||1,994|
||||Charge for the year||||||700|||
||||Disposals|in year|||||||(997)|
||||At 31 March 2023|||||2,141|||1,441|
||||Net book|value|||||956||1,656|
||||At 31 March 2023|||||||||
|Investments||||||||||||
||||||||||2023||2022|
|Movement
in|investments|||||||||E|E|
|Market value brought||forward|||||||12,982,113||12,338,176|
|Add: additions|to investment
at cost||||||||343,874||295,362|
|Disposals at carrying||value|||||||(415,000)||(375,000)|
|Deduct net (losses)add|||net gains on revaluation||||||(1,183,974)||723,575|
|Market value|as at 31||March||||||11,727,013||12,982,113|
|An analysis of market value at year-end|||||is|detailed|below|||||
||||||||||2023||2022|
|||||||||||E|E|
|Pooled|investment
vehicles —Unit Trusts||||||||11,727,013||12,982,113|
|The following|table sets out the investments|||||ofthe|Trust|||||
|||||||2023||2023|2022||2022|
|||||||||Value|||Value|
|||||||||E|||F|
|Security||||||||||||
|Blackrock Charities||Growth
& Income Fund||||100.00||11,727,013|100.00||12,982,113|
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|12.|Analysis
of net current assets|Analysis
of net current assets|Analysis
of net current assets|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||Debtors: amounts
falling due||within|one year||f||
||Prepayments
and accrued income|||||90,307|89,251|
||Cash held|||||||
||Cash at bank and
in hand|||||25,003|23,301|
||Total current assets|||||115,310|112,552|
||Creditors: amounts
falling due within one year|||||||
||Administration
charges due|||||13,241|13,187|
||Professional fees|||||2,520|2,040|
||Total current liabilities|||||15,761|15,227|
|13.|Unrestricted
income funds|||||||
||Balance|||Incoming|Chadtable|Realised|Balance|
||1 April|||resources|expenditure|and|31 March|
||2022||||costs|unrealised|2023|
|||||||loss||
||Unrestricted|||||||
||Income Fund|||||||
|14.|Reconciliation
of net movement|||in funds to|net cash flow|from operating|activities|
|||||||2023|2022|
|||||||8||
||Net movement
in funds|||||(1,253,576)|642,236|
||Add depreciation
charges|||||700||
||Deduct interest income shown||in investing
activities|||(346,121)|(309,200)|
||Add net loss/deduct
net (gain)||on investments|||1,183,974|(723,575)|
||Increase
in debtors|||||(1,056)|(13,791)|
||Increase
in creditors|||||534|3,734|
||Net cash used in operating|activities||||(415,545)|(400,152)|
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