| Page | |||||
|---|---|---|---|---|---|
| Reference and administrative | details ofthe charitable | company, | its Trustees and advisers | 1-2 | |
| Chairman's statement |
3-4 | ||||
| Trustees' report | 5-20 | ||||
| Independent auditor's |
report | on the financial statements | 21-24 | ||
| Statement offinancial | activities | 25 | |||
| Balance sheet | 26-27 | ||||
| Statement of cash flows |
28 | ||||
| Notes to the financial | statements | 29-53 |
| Trustees | Oliver Stephenson, | Oliver Stephenson, | Chair | Chair | |||
|---|---|---|---|---|---|---|---|
| William Kerr, Treasurer |
|||||||
| Philip Bloxham | |||||||
| Paul Broadhead | |||||||
| Stephen Gordon | |||||||
| Nick Hodgson | |||||||
| Peter Pimm | |||||||
| Louise Pinder (resigned | 5 December 2022) | ||||||
| Sheila Taylor | |||||||
| David Palmer | |||||||
| Andrew Cochrane |
|||||||
| Alison Williams | |||||||
| Jane Gerard-Pearse | |||||||
| Gurm ail Raju | |||||||
| Company | registered | ||||||
| number | 02893759 | ||||||
| Charity registered | number | 1039485 | |||||
| Registered | office | Unit 2 Heritage | Business | Centre | |||
| Derby Road | |||||||
| Belper | |||||||
| Derbyshire | |||||||
| DE56 1SW | |||||||
| Chief executive officer | Rachael Grime | ||||||
| Independent | auditor | BHP LLP | |||||
| Chartered Accountants |
|||||||
| Statutory Auditors |
|||||||
| One Waterside | Place | ||||||
| Basin Square | |||||||
| Brimington Road |
|||||||
| Chesterfield | |||||||
| Derbyshire | |||||||
| 5417FH | |||||||
| Bankers | Royal Bank ofScotland | pic | |||||
| 34 King Street | |||||||
| Belper | |||||||
| Derbyshire | |||||||
| DE56 1PS |
| Solicitors | Geldards | ||||
|---|---|---|---|---|---|
| Number One Pride Place |
|||||
| Pride Park | |||||
| Derby | |||||
| DE24 8QR | |||||
| Patron | The Duke | of Devonshire | KCVO, CBE, | DL | |
| President | Brian Ashby | ||||
| Sir Richard | FitzHerbert | Bt —President | Emeritus | ||
| Investment | managers | Cazenove | Capital | ||
| 1London | Wall Place | ||||
| London | |||||
| EC2Y 5AU | |||||
| Rathbone | Brothers pic | ||||
| Temple Point | |||||
| 1Temple | Row | ||||
| Birmingham | |||||
| B2 SLG | |||||
| CCLA | |||||
| Senator House | |||||
| 85 Queen | Victoria Street | ||||
| London | |||||
| EC4V 4ET |
| Unrestricted | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||||
| Note | f | f | f | f | f | |||
| Income and | ||||||||
| endowments | from: | |||||||
| Donations and |
legacies | 8,349 | 178,532 | 419,818 | 606,699 | 1,310,064 | ||
| Charitable activities |
13,015 | 13,015 | 13,646 | |||||
| Other trading | activities | 150 | 150 | 4,447 | ||||
| Investments | 289,613 | 289,613 | 234,378 | |||||
| Total income and | ||||||||
| endowments | 21,364 | 178,682 | 709,431 | 909,477 | 1,562,535 | |||
| Expenditure on: |
||||||||
| Raising funds | 12,117 | 30,731 | 42,848 | 45,657 | ||||
| Charitable activities |
154,705 | 467,451 | 622,156 | 627,805 | ||||
| Total expenditure | 166,822 | 467,451 | 30,731 | 665,004 | 673,462 | |||
| Net | ||||||||
| (expenditure)/income | ||||||||
| before net | ||||||||
| (losses)/gains | on | |||||||
| investments | (145,458) | (288,769) | 678,700 | 244,473 | 889,073 | |||
| Net (losses)/gains | on | |||||||
| investments | 16 | (497,437) | (497,437) | 397,249 | ||||
| Net | ||||||||
| (expenditure)/income | (145,458) | (288,769) | 181,263 | (252,964) | 1,286,322 | |||
| Transfers between |
funds | 20 | 175,885 | 347,959 | (523,844) | |||
| Net movement | in | funds | 30,427 | 59,190 | (342,581) | (252,964) | 1,286,322 | |
| Reconciliation | offunds: | |||||||
| Total funds brought | ||||||||
| forward | 191,354 | 638,316 | 9,219,630 | 10,049,300 | 8,762,978 | |||
| Net movement | in funds | 30,427 | 59,190 | (342,581) | (252,964) | 1,286,322 | ||
| Total funds carried | ||||||||
| forward | 221,781 | 697,506 | 8,877,049 | 9,796,336 | 10,049,300 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | f | E | |||||||
| Fixed assets | |||||||||
| Tangible assets | 14 | 173,251 | 172,604 | ||||||
| Heritage assets | 15 | 79,526 | 79,526 | ||||||
| Investments | 16 | 9,404,269 | 9,273,528 | ||||||
| 9,657,046 | 9,525,658 | ||||||||
| Current assets | |||||||||
| Debtors | 17 | 40,439 | 67,460 | ||||||
| Cash at bank and in hand | 321,845 | 781,002 | |||||||
| 362,284 | 848,462 | ||||||||
| Creditors: amounts | falling | due within one year | 18 | (153,864) | (249,372) | ||||
| Net current assets | 208,420 | 599,090 | |||||||
| Total assets less current | liabilities | 9,865,466 | 10,124,748 | ||||||
| Creditors: amounts | falling | due after more than | |||||||
| one year | 19 | (69,130) | (75,448) | ||||||
| Total net assets | 9,796,336 | 10,049,300 | |||||||
| Charity funds | |||||||||
| Endowment funds |
(includes | revaluation | reserve | ||||||
| ofE1,921,266 (2022:E2,554,370)) | 20 | 8,877,049 | 9,219,630 | ||||||
| Restricted funds | 20 | 697,506 | 638,316 | ||||||
| Unrestricted funds |
20 | 221,781 | 191,354 | ||||||
| Total funds | 9,796,336 | 10,049,300 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | f | E | ||||
| Cash flows from operating | activities | |||||
| Net cash (used in)/ provided by operating |
activities | 23 | (117,188) | 659,063 | ||
| Cash flows from investing | activities | |||||
| Dividends, interest and rents from investments |
295,722 | 234,378 | ||||
| Purchase oftangible fixed | assets | (2,038) | ||||
| Proceeds from sale ofinvestments | 295,714 | 280,421 | ||||
| Purchase ofinvestments | (938,370) | (1,547,255) | ||||
| Proceeds from sale of investment property |
300,000 | |||||
| Net cash used in investing | activities | (348,972) | (732,456) | |||
| Cash flows from financing | activities | |||||
| Repayments of borrowing |
(7,475) | (2,645) | ||||
| Net cash used in financing | activities | (7,475) | (2,645) | |||
| Change in cash and cash equivalents |
in the year | (473,635) | (76,038) | |||
| Cash and cash equivalents | at the beginning | ofthe year | 822,059 | 898,097 | ||
| Cash and cash equivalents | at the end | ofthe year | 24 | 348,424 | 822,059 |
| Freehold | property | no depreciation | no depreciation | (see note below) | |
|---|---|---|---|---|---|
| Office equipment | 20% | straight | line | ||
| Computer | equipment | 20% | straight | line |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||
| f | f | f | f | f | |||
| Donations | 8,349 | 178,532 | 419,818 | 606,699 | 1,310,064 | ||
| Tota I 2022 | 8,332 | 152,057 | 1,149,675 | 1,310,064 | |||
| Income from | charitable | activities | |||||
| Unrestricted | Total | Total | |||||
| funds | funds | funds | |||||
| 2023 | 2023 | 2022 | |||||
| f | f | f | |||||
| Administration | fees | 13,015 | 13,015 | 13,646 | |||
| Tota I 2022 | 13,646 | 13,646 |
| 6. | Fundraising | income | ||||
|---|---|---|---|---|---|---|
| Income from | fundraising | events | ||||
| Restricted | Total | Total | ||||
| funds | funds | funds | ||||
| 2023 | 2023 | 2022 | ||||
| f | f | f | ||||
| Vickers artwork sales | 150 | 150 | 4,447 | |||
| Tota I 2022 | 4,447 | 4,447 |
| Endowment | Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||||
| 2023 | 2023 | 2022 | ||||||||
| f | f | f | ||||||||
| Rentalincome | 130 | |||||||||
| Bank interest | and dividends | received | 289,613 | 289,613 | 234,248 | |||||
| 289,613 | 289,613 | 234,378 | ||||||||
| Tota I 2022 | 234,378 | 234,378 | ||||||||
| Expenditure | by | fund | ||||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||||
| funds | funds | funds | funds | funds | ||||||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||||||
| f | f | f | f | f | ||||||
| Expenditure | on | raising funds | ||||||||
| Fundraising | (note 9) | 12,117 | 12,117 | 12,102 | ||||||
| Investment | management | fees | 30,731 | 30,731 | 33,555 | |||||
| 12,117 | 30,731 | 42,848 | 45,657 | |||||||
| Expenditure | on | charitable | ||||||||
| activities | ||||||||||
| Grants payable/ | restricted | fund | ||||||||
| expenditure | (note 11) | 467,451 | 467,451 | 468,629 | ||||||
| Support costs (note 9) | 149,996 | 149,996 | 152,238 | |||||||
| Management | and admin | (note 9) | 4,709 | 4,709 | 6,938 | |||||
| 154,705 | 467,451 | 622,156 | 627,805 | |||||||
| Total 2023 | 166,822 | 467,451 | 30,731 | 665,004 | 673,462 | |||||
| Tota I 2022 | 171,278 | 468,629 | 33,555 | 673,462 |
| Management | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| Support costs | and admin | Fundraising | funds | funds | |||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||
| f | f | f | f | f | |||
| Wages and salaries | 83,680 | 56 | 9,762 | 93,498 | 85,855 | ||
| Other staff costs | 615 | 107 | 46 | 768 | (485) | ||
| Fundraising | costs | 360 | 360 | 515 | |||
| Utilities and | insurances | 2,998 | 525 | 225 | 3,748 | 3,045 | |
| Office and meeting costs | 1,329 | 233 | 100 | 1,662 | 2,472 | ||
| Computer costs |
8,880 | 1,554 | 666 | 11,100 | 11,869 | ||
| Finance costs | 1,172 | 205 | 88 | 1,465 | 5,206 | ||
| Publicity and communications |
1,985 | 347 | 149 | 2,481 | 8,528 | ||
| Legal and professional | 9,614 | 1,682 | 721 | 12,017 | 17,937 | ||
| Depreciation | 1,391 | 1,391 | 1,323 | ||||
| Governance | costs (note 10) | 38,332 | 38,332 | 35,013 | |||
| Total 2023 | 149,996 | 4,709 | 12,117 | 166,822 | 171,278 | ||
| Tota I 2022 | 152,238 | 6,938 | 12,102 | 171,278 | |||
| Governance | costs | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | funds | funds | funds | funds | |||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||
| f | f | f | f | f | |||
| Auditor's remuneration |
15,360 | 15,360 | 14,662 | ||||
| Other costs | 250 | 250 | 250 | ||||
| Salaries and | national | insurance | 22,722 | 22,722 | 20,101 | ||
| Total 2023 | 38,332 | 38,332 | 35,013 | ||||
| Tota I 2022 | 35,013 | 35,013 |
| 2023 | 2023 | 2022 | 2022 | |||
|---|---|---|---|---|---|---|
| Number | f | Number | f | |||
| Grants to Community | Groups 8 Voluntary | |||||
| Organisations | 222 | 490,394 | 176 | 447,195 | ||
| Grants to individuals | 2,900 | 1,600 | ||||
| Withdrawn/ underspent |
grants | (26,359) | (1,441) | |||
| Other restricted expenditure |
516 | 21,275 | ||||
| Total 2023 | 233 | 467,451 | 177 | 468,629 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Fees payable | to the | charitable | company's | auditor | for the audit ofthe charitable | |||
| company's | annual | accounts | 10,515 | 8,650 | ||||
| Fees payable | to the | charitable | company's | auditor | in respect of: | |||
| All non-audit | services not included | above | 4,565 | 4,150 | ||||
| Staff costs | ||||||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| Wages and salaries | 100,720 | 92,330 | ||||||
| Social security costs | 10,597 | 9,111 | ||||||
| Pension and | health | scheme costs | 4,903 | 4,515 | ||||
| 116,220 | 105,956 |
| 2023 | 2022 |
|---|---|
| No. | No. |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| No. | No. | |||||||
| Allocated | to | charitable | activities | 1.74 | 1.00 | |||
| Allocated | to | management, | administration | and | fundraising | 0.40 | 0.40 | |
| 2.14 | 1.40 |
| Freehold | Office | Computer | ||
|---|---|---|---|---|
| property f |
equipment f |
equipment f |
Total f |
|
| Cost | ||||
| At 1April 2022 | 169,009 | 1,502 | 5,115 | 175,626 |
| Additions | 2,038 | 2,038 | ||
| At 31March 2023 | 169,009 | 1,502 | 7,153 | 177,664 |
| Depreciation | ||||
| At 1April 2022 | 800 | 2,222 | 3,022 | |
| Charge for the year | 300 | 1,091 | 1,391 | |
| At 31March 2023 | 1,100 | 3313 | 4,413 | |
| Net book va/ue | ||||
| At 31March 2023 | 169,009 | 402 | 3,840 | 173,251 |
| At 31March 2022 | 169,009 | 702 | 2,893 | 172,604 |
| Artwork | ||||
|---|---|---|---|---|
| 2023 | ||||
| f | ||||
| Market | value | at | 1April 2022 | 79,526 |
| Market | value | at | 31March 2023 | 79,526 |
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| f | f | f | f | f | |
| Donations | |||||
| Artwork | 17,210 | ||||
| Total additions | |||||
| 17,210 |
| Listed | ||||||
|---|---|---|---|---|---|---|
| investments | Cash | Total | ||||
| f | f | f | ||||
| Cost or valuation | ||||||
| At 1April 2022 (as restated) | 9,232,471 | 41,057 | 9,273,528 | |||
| Additions | 938,370 | 938,370 | ||||
| Disposals | (295,714) | (295,714) | ||||
| Revaluations | (497,437) | (497,437) | ||||
| Movement in cash |
(14,478) | (14,478) | ||||
| At 31March 2023 | 9,377,690 | 26,579 | 9,404,269 | |||
| Net book value | ||||||
| At 31March 2023 | 9,377,690 | 26,579 | 9,404,269 | |||
| At 31March 2022 | 9,232,471 | 41,057 | 9,273,528 | |||
| Investments at market |
value | comprise | ||||
| 2023 | 2022 | |||||
| f | f | |||||
| Cazenove Charity |
Multi | Asset | Fund | 4,082,991 | 3,673,405 | |
| CCLA Investment | Management | Ltd | 1,835,197 | 1,911,569 | ||
| Rathbones Investments |
Management | 3,486,081 | 3,658,736 | |||
| MRG Investments | 29,818 | |||||
| 9,404,269 | 9,273,528 | |||||
| Historica I cost |
7,483,003 | 6,719,158 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Trade debtors | 95 | 95 | ||||
| Other debtors | 37,057 | 65,095 | ||||
| Prepayments and accrued income |
3,287 | 2,270 | ||||
| 40,439 | 67,460 | |||||
| Creditors: Amounts | falling due within one year | |||||
| 2023 | 2022 | |||||
| f | f | |||||
| Mortgage repayments |
due within one year | 4,362 | 5,519 | |||
| Other taxation | and | social security | 11,029 | 5,609 | ||
| Other creditors | 7,773 | 6,570 | ||||
| Accruals and deferred | income | 21,120 | 27,143 | |||
| Grants payable | (i.e. | awaiting | contract return) | 109,580 | 204,531 | |
| 153,864 | 249,372 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Mortgage | repayments | due | after | one | year | 69,130 | 75,448 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Payable | or | repayable | by | instalments | 48,303 | 50,862 |
| 48,303 | 50,862 |
| Statement offunds | Statement offunds | - current year | |||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | Balance at 31 | ||||
| April 2022 | Income | Expenditure | in/out | (Losses) | March 2023 | ||
| f | f | f | f | f | f | ||
| Unrestricted | |||||||
| funds | |||||||
| Genera I funds |
191,354 | 21,364 | (166,822) | 175,885 | 221,781 | ||
| Endowment | funds | ||||||
| (expendable) | |||||||
| Discretionary | |||||||
| Funds | 322,454 | 95,230 | (1,209) | (18,334) | (17,000) | 381,141 | |
| J Vickers Fund | 276,872 | 6,094 | (690) | (11,176) | (10,822) | 260,278 | |
| Donor Directed | |||||||
| Funds | 8,179,904 | 608,107 | (28,832) | (494,334) | (452,872) | 7,811,973 | |
| Community | First | ||||||
| Funds | 440,400 | (16,743) | 423,657 | ||||
| 9,219,630 | 709,431 | (30,731) | (523,844) | (497,437) | 8,877,049 | ||
| Restricted funds | |||||||
| Tom Carey | 97,575 | (80,914) | 75,506 | 92,167 | |||
| Assist Grassroots | |||||||
| Grant Revenue | 39,440 | 3,877 | 43,317 | ||||
| Derbyshire | |||||||
| Building Society | 32,044 | 2,550 | 34,594 | ||||
| SDLF | 44,701 | 7,359 | 52,060 | ||||
| Rolls-Royce | pic | ||||||
| Fund | 6,686 | 14,468 | 21,154 | ||||
| S.D.C.C.T.E | 15,742 | 15,742 | |||||
| Freemasons | GR | 9,168 | (18,700) | 19,109 | 9,577 | ||
| Made by Sport | 58 | 58 | |||||
| Coronavirus | |||||||
| Response | Fund | 52,064 | 52,064 | ||||
| Flood Relief | Fund | 12,481 | 12,481 | ||||
| Ashby Fund | 16,789 | (40,259) | 39,264 | 15,794 | |||
| Golf day | 16,074 | 16,074 |
| Balance at 1 | Transfers | Gains/ | Balance at 31 | |||
|---|---|---|---|---|---|---|
| April 2022 | Income | Expenditure | in/out | (Losses) | March 2023 | |
| f | f | f | f | f | f | |
| Jefford- Weller | ||||||
| Fund | 7,642 | 250 | (10,970) | 9,480 | 6,402 | |
| Let's Create | ||||||
| Jubilee Fund | 210 | 99 | 309 | |||
| DCC Winter | ||||||
| Access Fund | 52,064 | 92,500 | (140,772) | 3,792 | ||
| Other named | ||||||
| funds | 235,578 | 85,932 | (175,935) | 176,346 | 321,921 | |
| 638,316 | 178,682 | (467,451) | 347,959 | 697,506 | ||
| Total offunds | 10,049,300 | 909,477 | (665,004) | (497,437) | 9,796,336 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31March | ||||
| 1April 2021 | Income | Expenditure | in/out | (Losses) | 2022 | ||
| f | f | f | f | f | f | ||
| Unrestricted | |||||||
| funds | |||||||
| Genera I funds |
169,403 | 21,978 | (171,278) | 171,251 | 191,354 | ||
| Endowment | funds | ||||||
| (expendable) | |||||||
| Discretionary | |||||||
| Funds | 316,115 | 13,425 | (1,421) | (19,600) | 13,935 | 322,454 | |
| J Vickers Fund | 273,692 | 7,524 | (874) | (12,063) | 8,593 | 276,872 | |
| Donor Directed | |||||||
| Funds | 6,855,909 | 1,363,104 | (31,260) | (345,626) | 337,777 | 8,179,904 | |
| Community | First | ||||||
| Funds | 454,357 | (50,901) | 36,944 | 440,400 | |||
| Revaluation | |||||||
| reserve— | |||||||
| investment | |||||||
| property | 90,000 | (90,000) | |||||
| 7,990,073 | 1,384,053 | (33,555) | (518,190) | 397,249 | 9,219,630 |
| 20. | Statement offunds | (continued) | |||||
|---|---|---|---|---|---|---|---|
| Restricted funds | |||||||
| Tom Carey | 54,247 | (39,530) | 82,858 | 97,575 | |||
| Assist Grassroots | |||||||
| Grant Revenue | 35,255 | 4,185 | 39,440 | ||||
| Derbyshire | |||||||
| Building Society | 27,524 | 4,520 | 32,044 | ||||
| SDLF | 32,407 | 12,294 | 44,701 | ||||
| Rolls-Royce pic | |||||||
| Fund | 46,822 | (55,281) | 15,145 | 6,686 | |||
| S.D.C.C.T.E | 15,259 | 483 | 15,742 | ||||
| Freemasons GR |
19,595 | (19,500) | 9,073 | 9,168 | |||
| Made by Sport | 64,994 | (60,894) | (4,042) | 58 | |||
| Grassroots | |||||||
| Derbyshire | 27,100 | (27,100) | |||||
| Coronavirus | |||||||
| Response Fund |
15,063 | 92,000 | (55,000) | 52,064 | |||
| Flood Relief Fund | 12,481 | 12,481 | |||||
| Ashby Fund | 17,294 | (40,328) | 39,823 | 16,789 | |||
| Golf day | 16,074 | 16,074 | |||||
| Jefford- Weller | |||||||
| Fund | 13,252 | 250 | (11,405) | 5,545 | 7,642 | ||
| Let's Create | |||||||
| Jubilee Fund | 89,550 | (89,340) | 210 | ||||
| Other named | |||||||
| funds | 206,135 | 35,598 | (154,203) | 200,112 | 287,642 | ||
| 603,502 | 156,504 | (468,629) | 346,939 | 638,316 | |||
| Total offunds | 8,762,978 | 1,562,535 | (673,462) | 397,249 | 10,049,300 |
| Balance at 1 | Transfers | Gains/ | Balance at 31 | |||||
|---|---|---|---|---|---|---|---|---|
| April 2022 | Income | Expenditure | in/out | (Losses) | March 2023 | |||
| f | f | f | f | f | f | |||
| Genera | I funds | 191,354 | 21,364 | (166,822) | 175,885 | 221,781 | ||
| Endowment | funds | 9,219,630 | 709,431 | (30,731) | (523,844) | (497,437) | 8,877,049 | |
| Restricted | funds | 638,316 | 178,682 | (467,451) | 347,959 | 697,506 | ||
| 10,049,300 | 909,477 | (665,004) | (497,437) | 9,796,336 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31March | |||||
| 1April 2021 | Income | Expenditure | in/out | (Losses) | 2022 | |||
| f | f | f | f | f | f | |||
| Genera | I funds | 169,403 | 21,978 | (171,278) | 171,251 | 191,354 | ||
| Endowment | funds | 7,990,073 | 1,384,053 | (33,555) | (518,190) | 397,249 | 9,219,630 | |
| Restricted | funds | 603,502 | 156,504 | (468,629) | 346,939 | 638,316 | ||
| 8,762,978 | 1,562,535 | (673,462) | 397,249 | 10,049,300 |
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2023 | |
| f | f | f | f | |
| Tangible fixed assets | 173,251 | 173,251 | ||
| Fixed asset investments | 9,404,269 | 9,404,269 | ||
| Heritage assets | 79,526 | 79,526 | ||
| Current assets | 161,944 | 807,086 | (606,746) | 362,284 |
| Creditors due within one year | (44,284) | (109,580) | (153,864) | |
| Creditors due in more than one year | (69,130) | (69,130) | ||
| Total | 221,781 | 697,506 | 8,877,049 | 9,796,336 |
| Unrestricted | Restricted | Restricted | Endowment | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2022 | ||||||
| f | f | f | f | ||||||
| Tangible fixed assets | 172,604 | 172,604 | |||||||
| Fixed asset investments | 9,273,528 | 9,273,528 | |||||||
| Heritage assets | 79,526 | 79,526 | |||||||
| Current assets | 343,570 | 638,316 | (133,424) | 848,462 | |||||
| Creditors due within | one year | (249,372) | (249,372) | ||||||
| Creditors due in more than one | year | (75,448) | (75,448) | ||||||
| Total | 191,354 | 638,316 | 9,219,630 | 10,049,300 | |||||
| Reconciliation ofnet movement |
in funds | to net cash | flow from operating | activities | |||||
| 2023 | 2022 | ||||||||
| f | f | ||||||||
| Net (expenditure)/ income for the year (as per Statement of Financial |
Activities) | (252,964) | 1,286,322 | ||||||
| Adjustments for: |
|||||||||
| Depreciation charges |
1,391 | 1,323 | |||||||
| Net losses/(gain) on |
investments | 497,437 | (397,249) | ||||||
| Dividends, interest and rents |
from investments | (295,722) | (234,378) | ||||||
| Decrease/(increase) | in debtors | 29,318 | (7,204) | ||||||
| (Decrease)/ increase | in creditors | (96,648) | 10,249 | ||||||
| Net cash (used in)/provided | by | operating | activities | (117,188) | 659,063 |
| Cash | in hand | |
|---|---|---|
| Cash | held in the investment | portfolio |
| Total | cash and cash equivalents |
| 2023 | 2022 | |
|---|---|---|
| f | f | |
| 321,845 | 781,002 | |
| 26,579 | 41,057 | |
| 348,424 | 822,059 | |
| At 1April | At 31March | |
| 2022 | Cash flows | 2023 |
| f | f | f |
| 781,002 | (459,157) | 321,845 |
| 41,057 | (14,478) | 26,579 |
| (5,519) | 1,157 | (4,362) |
| (75,448) | 6,318 | (69,130) |
| 741,092 | (466,160) | 274,932 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Not later | than | 1year | 650 | 650 | ||
| Later than | 1year and not later | than 5years | 813 | 1,463 | ||
| 1,463 | 2,113 | |||||
| The following | lease payments | have been recognised | as an expense | in the Statement offinancial activities: |
||
| 2023 | 2022 | |||||
| f | f | |||||
| Operating | lease rentals | 967 | 650 |