| Page | ||
|---|---|---|
| Trustees' Annual Report |
2-4 | |
| Independent Examiner's |
Report | |
| Statement ofReceipts and Payments | ||
| Statement ofBalances | ||
| Notes to the Accounts |
| Note | Restricted | Expendable | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | endowment | funds | funds | ||||
| funds | 2023 | 2022 | |||||
| 5 | E | ||||||
| Receipts | |||||||
| Dividends received |
63,267 | 63,267 | 64,457 | ||||
| Investments income |
35,876 | 35,876 | 40,035 | ||||
| RBSbank int | 188 | 188 | |||||
| Sub Total | 99,331 | 99,331 | 104,492 | ||||
| Receipts from asset Sinvestment | |||||||
| sales | |||||||
| Proceeds from sale of investments | |||||||
| less amount reinvested Total receipts |
99,331 | (50) ~50 |
(50) 99,301 |
(4,487) 100,005 |
|||
| Payments | |||||||
| Payments made to beneficiaries |
4 | 115,381 | 115,381 | 134,052 | |||
| Governance costs: |
|||||||
| Trustees fees | 44,446 | 44,446 | 36,995 | ||||
| Independent examination |
fee | 1,344 | 1,344 | 1,224 | |||
| Portfolio management | fee | 12,303 | 12,303 | 13,523 | |||
| Total payments | 115,381 | 58,093 | 173,474 | 185,794 | |||
| Net receipts I(payments) | (16,050) | (58,143) | (74,193) | (85,789) | |||
| Transfers to I(from) funds | |||||||
| Surplus/(Deficit) for year |
~30,000 | ~00,843 | ~34103 | ~00,309, |
| Restricted | Expendable | Expendable | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | endowment | funds | funds | ||||||
| funds | 2023 | 2022 | |||||||
| 6 | 6 | E | |||||||
| Cash funds | |||||||||
| Cash and bank balances | at start ofyear | 120,493 | 74,253 | 194,746 | 280,535 | ||||
| Surplus/(deficit) shown |
on receipts and | ||||||||
| payments | account | (16,050) | (58,143) | (74,193) | (85,789) | ||||
| Cash and bank balances at end ofyear | 104,443 | 15,110 | 120,553 | 194,748 | |||||
| Market valuation | |||||||||
| 2023 | 2022 | ||||||||
| Fund to which | asset | belongs | 8 | 6 | |||||
| Investments | |||||||||
| Brown Shipley Investment | Porffolio | ||||||||
| Fixed interest | Expendable | endowment | 1,058,964 | 795,652 | |||||
| Equities | Expendable | endowment | 2,099,528 | 2,384,166 | |||||
| Alternatives | Expendable | endowment | 212,477 | 216,272 | |||||
| Total value ofsecurities | Total | 3,370,969 | 3,396,090 | ||||||
| 2023 | 2022 | ||||||||
| E | E | ||||||||
| Assets | |||||||||
| Tax paid on investments | that will be reclaimed | ||||||||
| Prior years | 397 | 962 | |||||||
| 397 | 982 | ||||||||
| Liabilities | |||||||||
| Examiner | Fees owed to | Azets Audit Services | 1,410 | 1,344 | |||||
| Trustee Fees owed to Apex Corporate Trustees | (UK) Limited | 300 | 300 | ||||||
| 1,710 | 1,644 |
| Payments | made to beneficiari | es | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| 8 | 8 | |||||
| Fight for Sight - Institute ofOphthalmology | 40,000 | 40,000 | ||||
| Moorfields | Eye Charity | 40,000 | 40,000 | |||
| Roper Hall | Eye Foundation | 35,381 | 54,052 | |||
| 115,381 | 134,052 | |||||
| Investments | ||||||
| Market | Valuation | |||||
| 2023 | 2022 | |||||
| Investments | that individually | make up | 5'%%d +ofthe portfolio: | 5 | 5 | |
| Fundsmith | LLP Equity INC NAV | 183,894 | ||||
| 3 P Morgan | US Equity Income Fund | 216,577 | ||||
| 400,471 |