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2023-04-05-accounts
| TRUSTEES |
Mrs. D.L. Kelly |
|
Mrs. P.C. Cherry |
|
Payne Hicks Beach Trust Corporation Limited |
| PRINCIPAL ADDRESS |
10 New Square |
|
Lincoln's Inn |
|
London, WC2A 3QG |
|
Tel : 020 7465 4300 |
| CHARITY REGISTRATION NUMBER |
1027521 |
| AUDITOR |
Bright Grahame Murray |
|
Emperor's Gate |
|
114a Cromwell Road |
|
Kensington |
|
London |
|
SW7 4AG |
| INVESTMENT MANAGERS |
Evelyn Partners |
|
45 Gresham Street |
|
London EC2R 6AY |
| BANKERS |
CAF Bank Limited |
|
25 Kings Hill Avenue |
|
Kings Hill |
|
West Mailing |
|
Kent ME19 4TA |
| SOLICITORS AND ADMINISTRATORS |
Payne Hicks Beach LLP |
|
10 New Square |
|
Lincoln's Inn |
|
London WC2A 3QG |
| Total |
|
|
Total |
| 2022 |
|
Notes |
2023 |
| £ |
|
|
£ |
|
INCOME FROM: |
|
|
| 223,801 |
Investment income |
1 |
249,138 |
| 4 |
Interest receivable |
|
1,927 |
| 223,805 |
TOTAL INCOME |
|
251,065 |
|
EXPENDITURE ON: |
|
|
|
Raising funds |
|
|
| 62,445 |
Investment management costs |
|
61,458 |
|
Charitable activities |
|
|
|
Promoting and enhancing |
|
|
| 197,711 |
charitable work |
2 |
216,987 |
| 260,156 |
TOTAL EXPENDITURE |
|
278,445 |
|
NET DEFICIT BEFORE |
|
|
| (36,351) |
INVESTMENT GAINS/(LOSSES) |
|
(27,380) |
|
Investment gains: |
|
|
| 695,657 |
Realised/Unrealised |
6 |
(474,298) |
|
Currency gains: |
|
|
| 1,224 |
Unrealised |
|
(71) |
|
NET DEFICIT AND NET |
|
|
| 660,530 |
MOVEMENTS IN FUNDS |
|
(501,749) |
|
RECONCILIATION OF FUNDS |
|
|
|
Total funds brought forward |
|
|
| 10,375,401 |
at 6 April 2022 |
|
11,035,931 |
|
Total funds carried forward |
|
|
| 11,035,931 |
at 5 April 2023 |
|
10,534,182 |
|
is as follows: |
|
|
|
2022 |
|
2023 |
|
£ |
|
£ |
|
125,000 |
Grant commitments at 6 April 2022 |
_ |
|
167,000 |
Grants agreed during the year |
183,000 |
|
292,000 |
Grants payable |
183,000 |
|
(292,000) |
Grants paid during the year |
(183,000) |
|
- |
Grant commitments at 5 April 2023 |
- |
| 3 |
GOVERNANCE |
COSTS |
|
|
2022 |
|
2023 |
|
£ |
|
£ |
|
9,000 |
Statutory audit fee |
5,400 |
| 6 |
INVESTMENTS |
INVESTMENTS |
|
|
2022 |
|
2023 |
|
£ |
|
£ |
|
|
LISTED INVESTMENTS |
|
|
|
Movements in listed investments during the year were as follows: |
|
|
8,766,546 |
Market value at 6 April 2022 |
10,266,345 |
|
5,533,536 |
Additions at cost |
1,144,367 |
|
(4,729,394) |
Disposals proceeds |
(853,767) |
|
695,657 |
Net realised/unrealised gains/(losses) in year |
(474,298) |
|
10,266,345 |
Market value at 5 April 2023 |
10,082,647 |
|
8,497,002 |
Cost of listed investments 5 April 2023 |
8,820,811 |
|
|
All investments were dealt in on a recognised stock exchange: |
|
|
2022 |
|
2023 |
|
£ |
|
£ |
|
|
Listed investments held at 5 April 2023 comprise the |
|
|
|
following investments all listed on a UK stock exchange: |
|
|
756,518 |
UK Fixed Interest |
676,340 |
|
616,807 |
Property Funds |
558,777 |
|
4,034,215 |
Overseas Equities |
3,777,826 |
|
2,681,883 |
UK Equities and unit trusts |
2,783,232 |
|
2,176,922 |
Alternatives |
2,286,472 |
|
10,266,345 |
|
10,082,647 |
|
2022 |
|
2023 |
|
e |
|
c |
|
5,000 |
Refund of grant |
- |
|
1,389 |
Dividend Due |
4,998 |
|
6,389 |
|
4,998 |
| 8 |
CASH AT BANK AND IN HAND |
|
|
|
2022 |
|
2023 |
|
£ |
|
£ |
|
275 |
CAF Bank Ltd. |
36,648 |
|
796,298 |
Evelyn Partners Investment Management Ltd. |
450,137 |
|
796,573 |
|
486,785 |
| 9 |
CREDITORS |
|
|
|
2022 |
|
2023 |
|
£ |
|
£ |
|
|
AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
2,313 |
Grant administration costs |
4,200 |
|
|
Statutory auditfee |
|
|
3,001 |
2018 - 2020 balance |
3,001 |
|
3,504 |
2021 |
3,504 |
|
9,000 |
2022 |
9,000 |
|
|
2023 |
5,400 |
|
|
|
20,905 |
|
15,558 |
Investment management fees |
15,143 |
|
- |
Grants |
|
|
33,376 |
|
40,248 |
|
Amount |
| Institutions |
£ |
| Dorothy House |
40,000 |
| Fares hare |
25,000 |
| Trussell Trust |
25,000 |
| Julian House |
20,000 |
| Shelter |
20,000 |
| Developing Health & Independence (DHI) |
20,000 |
| Children's Hospice South West |
10,000 |
| Tangled Feet |
5,000 |
| Dementia Support |
5,000 |
| Spread a Smile |
51000 |
| Independent Age |
5,000 |
| 0ne25 |
3,000 |
|
183,000 |
| Total grants and donations agreed to be made to institutions during 2022 amounted to |
167,000 |