| Page | |||
|---|---|---|---|
| Trustees' | Annual Report |
2-4 | |
| Independent Examiner's |
Report | ||
| Statement | of Receipts and Payments | ||
| Statement | ofBalances | ||
| Notes to the Accounts |
| Note | Restricted | Expendable | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | endowment | funds | funds | ||||
| funds | 2022 | 2021 | |||||
| Receipts | |||||||
| Dividends received |
64,457 | 64,457 | 70,244 | ||||
| Investments income |
40,035 | 40,035 | 22,685 | ||||
| HMRC Refund | 569 | ||||||
| Sub Total | 104,492 | 104492 | 93498 | ||||
| Receipts from asset 8 investment | |||||||
| sales | |||||||
| Proceeds from sale ofinvestments | |||||||
| less amount reinvested |
(4,487) | (4,487) | 94,913 | ||||
| Total receipts | ~104 $2 | ||||||
| Payments | |||||||
| Payments made to beneficiaries |
134,052 | 134,052 | 117,010 | ||||
| Governance costs: | |||||||
| Trustees fees | 36,995 | 36,995 | 41,421 | ||||
| Independent examination |
fee | 1,224 | 1,224 | 1,170 | |||
| Porffolio management | fee | 13,523 | 13,523 | 12,107 | |||
| Total payments | 134052 | ||||||
| Net receipts I(payments) | (29,560) | (56,229) | (85,789) | 16,703 | |||
| Transfers to I (from) funds | |||||||
| Surplus/(Deficit) for year |
29,660 | 56,225 | ~8578616,703 |
| Restricted | Restricted | Expendable | Expendable | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | endowment | funds | funds | |||||
| funds | 2022 K |
2021f | ||||||
| Cash funds | ||||||||
| Cash and | bank balances | at start ofyear | 150,053 | 130,482 | 280,535 | 263,832 | ||
| Surplusl(deficit) shown on receipts and |
||||||||
| payments | account | (29,560) | (56,229) | (85,789) | 16,703 | |||
| Cash and | bank balances at end ofyear | 120,493 | 74253 | 194,746 | 280,535 | |||
| Market valuation | ||||||||
| 2022 | 2021 | |||||||
| Fund to which | asset | belongs | ||||||
| Investments | ||||||||
| Brown Shipley Investment | Portfolio: | |||||||
| Fixed interest | Expendable | endowment | 795,652 | 608,811 | ||||
| Equities | Expendable | endowment | 2,384,166 | 2,587,312 | ||||
| Alternatives | Expendable | endowment | 216,272 | 428,669 | ||||
| Total value ofsecurities | Total | 3396090 | 3624 792 | |||||
| 2022 | 2021 | |||||||
| Assets | ||||||||
| Tax paid on investments | that will be reclaimed | |||||||
| Prior years | 962 | 962 | ||||||
| 962 | 962 | |||||||
| Liabilities | ||||||||
| Examiner | Fees owed to Azets Audit Services | 1,344 | 1,224 | |||||
| Trustee Fees owed to Apex Corporate Trustees | (UK) Limited | 300 | 300 | |||||
| 1 644 | 1 624 |
| Payments | made to beneficiaries | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Fight for Sight - Institute ofOphthalmology | 40,000 | 40,000 | |
| Moorfields | Eye Charity | 40,000 | 30,000 |
| Roper Hall | Eye Foundation | 54,052 | 47,010 |
| 134 052 | 112010 |
| Market | Valuation | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Investments that Individually |
make up 5%+ofthe portfolio: | E | |||
| Baillie Gifford American | Fund B | Income | 191,079 | ||
| Fundsmith | LLP Equity | INC NAV | 183,894 | 198,332 | |
| J P Morgan | US Equity | Income Fund | 216,577 | 193,394 | |
| 400421 | 552505 |