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|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|





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|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|








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||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|





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|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|





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||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|





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||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|