Charity number: 1045492 THE ASHWORTH CHARITABLE TRUST UNAUDITED TRUSTEES. REPORT AMD FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
THE ASHWORTH CHARITABLE TRUST CCNTEKrs R8fOfonco and administrntive deta•ls of Ihe Charry. its Trustees and advisors Trusts•s' report Independent examinor's r•port S•M•nI of financial a*¥111•$ Balance sh1 Not•s to th• financial stat•m•nts 8-16
THE ASHWORTH CHARrrABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2023 The Charity was founded by Mrs C E Crabtree and constituted as a Charitable Trust on 23 March 1995 by a Deed ol Trust. Trustees Mr K Golestani, Chairman Mrs K A Gray. Founder Mrs S Rouhipour Dr W Momen Mr l D Miles Charlty reglstered numb•r 1045492 Principal offi¢• Veale Wasbrough Vttards LLP Second Floor 3 Brindleyplace Birmingham 81 2JB Accountants James Cowper Kreston Chartered Accountants 2 Communicatsons Road Greenham Business Park Greenham Newbury RG19 6AB B*nk•rn Lloyds 8ank PLC POBox8 1-5 High Street Oxford OX14AA Sollcftorn Veale Wasbrough vardS LLP Second Floor 3 Brindleyplace Bimiingham B12JB Investment Managern JMFinn&Co. 60 Abbeygate Street Bury Sl Edmunds Suffolk IP33 1LB Independent Examiner Mrs S L Watts FCCA DChA Weslcotts 7C Cranmere Road Okehamptr)n Devon EX29 1UE Page 1
THE ASHWORTH CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAfi ENDED 5 APRIL 2023 The Trustees present their nUal rewt together the ffinaal sLitements of the Charity for the year ended 5 Awl 2023. ObJe¢tlves and a¢tMdes . Policies and objectivos The objectives of the Chity are to mae grants fty tharille purposes as the Trustees decide. At present, the Trustees have detemiined to ca1d aFpli¢atbs for aThJ make grts as ap[priate as fc41ows - to the Irontiridye Gorgè Museum Trust. - to Hospiseare's Patsents and Family Furwj. - for humanitarian prgeets to other ¢haritss. In setting oty'ectives and annIng for activitres, the Tntstees have given due CCsIderatIOn to general guidance published by the Charty CommissM)n rdab.ng to put4ic neffi( iAuding the guklan 'PUtlC benefft.. running charity IPB21'. A¢hlevements andperfonnan¢e . Roviow of activities Tho truvt mith gronto to irbolilutivnB tho yoortotoHing 1 10: £167,274 l dotoilod in tho notoo to the financial statements. Irusl has ¢>)ntinued make an(S to Ho$$¢are and has contsnued lo support humanitarian projects. The TNslees have revievrtd the risks faced by the Chanty aThJ have imF4emented $yJlem$ to mhigate these rlsks. In parb"¢ulai. the Trustees ¢¢fjsider the primary risk lo be a tsll in the value of the Charitys investments or fall in the level of in¢ome. The Trustees have mrtiyl•J th's risk by wn9 the seNces of a Ing stockbroker and by adopting a suitable invesknent p)Iw. Flnanclal revlew . Going ¢onurn After making appropriate erNuiries, the Trustees hwe a reasonable expectati that the Chanty has adequate resources lo continue in operats.onal existence the foreseeable fulure. For this reason. they continue to adopt the going concern basis in preparing the financ4al staements. b. Rasepes policy The Trust. reserves poli¢y is wimarity to make wants up to the levd of in¢cthe reserves available. The Trustees no kJrKJer hdd any formal dèsKJnated See$ in the Doctors. and &xial Semees Fund for the kwple covered by the medical practbces of Honrton, Ottery St Mary. SHIMth and Wonford Green surgey, Exeter and throughout Devon. and applicati'ons frcffi the Soj'al SeNces eovering the same area. However, a grant of £6,OL)O was made to HOsscare.$ Palients and Fanily Fund {Doctors Scheme). a restricted fund which very much complements Ihe wision of the original founde" of the Ashworlh Chariiable Trust. The level of income and Caal reserves at 5 .1 2023 is Sh in the notesto the accounts. Page 2
THE ASHWORTH CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE ENDED 5 APRIL 2023 c. Investments policy The Tru5tee5 have conts.nued to imiest the Trust Fund to prowdp a streJn of income available for Potential distribution and a sound capital base for the bng tern fuiure of the Charty. The Ashworth rtfOliO is run on an advisory basis and the Trustees give due ¢5deral to the ethi¢al 4mpli¢ab"¢J)s of their investments within the ¢)lext of Charity Commissim gudelines {M an. risk aThJ the inlenlic41s of the onginal founder). d. Summary The attached financial statements shw the rrent ate ofthe fiftCes ofthe TNSL Invesknent income fty the year amounted to £194.705 12022". £179.0071 grants payable were as r abovè. The value of the investments as * 5 AFrfiI 2023 was £5.725.CM)812022: £6.105.449). The Trust$ ¢ontynue to monitor the vue of its investsments elosety. . Plans for futur8 poriods The Trustees do not exFrtt any signth¢anl ¢hanges in the obJ'e¢tives of the Charty in the forthcomSng year and intend to ¢c¥)tinue to make grants based CA) total reltyn within the ¢apabtrlity of the fvnd. Structurn. governance and man•gem•nl . Con#tltthbn The Ashwoth Charitable Trust is a registered c*arity. number 1045492. and is ¢>)nstituted under a TNSI deed. b. Organisational structur• and decis•on4naking polici Truste who have seNed dunw the ar and sirtethe year er •e set t on page 1. L)e¢l$i are made al Trustees. meetings crf in bets meetrys by a mai¢xity of TNslees. The right to appc4nt new Trustees is vested in Ihe FoJThlers. The present Trustees wim ensure Ihat future Tntee5 we eased into the Tole. made aware of their responsibilities, and provided th infomiation relaling lo the objectives and vernare of the Charity. Page 3
THE ASHWORTH CHARrrABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2023 Stai•m•ni of Trnsi••s' r•sponsibiliii•s The Trustees are responsib for prewng the Trusees. rert and the financ4al statements in accordance v applicable law and United Kiwkni AcCnting SlarKlwd5 (United Kirydom Generalty A• Accounting Prath"cel. The law applicabfe to charrties in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of ts inccming resources and applicaknn of resources. induding bts incLvne a1 expendiiure. for that pemd. In prepariTrJ these financial statements. the Trustees are required to.. sdeet suitable accounlj'ng liCIeS and then Y them Ca51sten. observe Ihe and pnpIeS of ihe Charths SORP IFRS 102}; make judgments and aCrUnting estimates Ihat are reason and prudent.. state ether applicable UK Accounts'ng Stancards (FRS 1021 have been folkfftd. subject to Y material departures di5c105ed and ewained in the finclaI ststements: prepare the financial statements on the png c•rwn basis unles$ it is inapPr*r1ate to presume that the Charty will contr.nue in business. The Trustees are responsible for keepNvJ adequate aceryjrting records that are sufficient to shcw eXaIn the Chantys transactKJns and discknse wth TeasonaJle accuracy al any ts'me the financial py3ikn.on of the Charity and enable them to ensure that the financial sta.'ements comply with the Charities Act 2011, the Charty (Accounts and Rerts) Regulations 2DJ8 and Ihe prOvisS of the Trust deed. They are also sponSIb for $afeguarding the assets ol the Charity arKI hence loi taking rea)nable slep5 lor the prevention 4nd detection of Iraud and other iffegularities. Approved by order the members of the btsard ol Trttstees S#KI on their behall ty. M15 K A Giay (Founder) 14 JUM 2023 Page 4
THE ASHSYORTH CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2023 Independent Ex¥mlnerfs R•port to th¢ Trustee• of The Atshworth Charftable Trn8t Dh• Charltrf) I report to Ihè charity Trustees on my examlnats"c Of1 accounts of the Charity for the y8ar ended 5 Aprfl 2023. Responsibilitles and Ba¥ls of Report As the Trustees of the Charty wju are responsibl8 for th8 M)¥aOn of the #Ccounts in oc4xJrdance th the roquirement$ of the IOr&S Act 2011 Ilhe 2011 I report in re5Pe¢t of my examinati ol the Charftys acc(wnis carri&l out under section 145 of the 2011 Aet and in ¢arTring out my examination I h8v$ followed Ihe applicatle Dir.0 glwn by lh8 Charity Commlssion under section 14515Xb} of the 2011 Act. Ind•p•nd•nt Ex¥mlnfrrf• St•t•ment Your ailention Is drawn to th& 18cI that the Charfty has propared Ihe accounts In a¢eordanco Accounttng #nd Reportlng by Charibe5: Stst8rnenl of RKommendwJ Practick applicable to charities prepadng their accounts 8ccordance wh the FInCIal Reporting Slandard akable in the UK and RepublK of Iroland IFRS 1021 in prel$rence lo ¢h¥ kcountsng and Rek¥Jrknng by Chanties: S&item8nt ol RecOmmded Pradlc8 issued on 1 Aprfl 2005 whith Is rolerred lo In the exlant f&Julallo)s twjl ha8 toen thdraWn. l und8rstsnd that this has bn done in order for ¢he ac¢>wnts to provkle a Iruo and fair eW In gccordanco wlth the Gengrally Accepted Accounting PTacli¢8 effe¢Jve lor repthng periods bsglnning on or after 1 January 2015. I have completed my exominaUM. I firn that no m8ttws ha como to my 8ttenUon In connedon wlth the exarnin8llon gIn9 m& caLtsO to bglth that In any malorfal res a(xountlng records wwe not kwt In re8P8Ct ol th& Charlty required by 130 ofthe 2011 Ad,. th& accounts do not acoyd records.. or th8 accounts do rnt comply the applk8bl8 requlwements concemlng the fomi and ¢ontant of ?OUnt8 sel oul In Ihe Chartti Ikcounts and Rpts) Règulations 2008 other than any requlremenl ihat the accounts gi • Yruo •r#d fairf vthich Is not a matter nsleo 88 part ol an indep&ndenl exarninalon. I hav8 IKJ con¢oms and have como acm58 no other matters In conn¥dlon vith the ex8mlnalon lo vthl(*b attentn Should be dr8vm Sn th13 rewrt in OTd¢r to enaLle a propor underslandlng of the accounts lo b& r6achgd. Thls repth Is m¥d6 solely lo tha Chèws Trustees. a? a t. In accordance th Part 4 of charl88 IAco)unts and Reports) Reoulations 2008. My work has been und&rtaken so that I mlght stste to the Charitls Tru¥le?$ Ihose matter3 1 am rfjqulred lo state to Ihem In an Independenl gxamlner's report aThJ for no other purpose. To the fullest exlgnt permitted by law, I do not a¢¢ept or assume iaspjnsitmlity to an>6 other Ihan Ihe Charity and the CharilY$ frustoes as a bL¥Jy. for my work ty lor thls roport. Signgd: 23 low Mrs S L Wall5" W¢stcott3 7C Cranmere Road Ok8hampton O¢von EX29 1UE Page S
THE ASHWORTH CHARITABLE TRUST STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED S APRIL 2023 Unrestrtcted funds 2023 Total tunds 2023 Total funds 2022 Incom• from: Investrments 194,105 194705 l T9.661 Total income 194.705 194,705 179.667 Expenditure on: Raising funds.. Inveslmenl management ¢osts Charitable actiwties 31.905 228.631 31,905 228,631 33,728 190.462 Total oxponditurè 260.S36 260,536 224. 190 N•t •xp•ndiiur• b•for• n•t Ilo$s•sVga•ns on inv•stm•nts Net IlossesVgain5 irwe5tments (65,8311 (348,5381 {65,8311 {348,5381 (44.523) movem1 in funds {414,3691 1414,3691 259,737 Rxonciliaiion of funds: Total funds brought fory Net movement in funds 6253,593 1414,3691 6,253,593 {414,3691 5.993.856 259,737 Total funds ¢thrri forward 5,839.224 5,839,224 6,253.593 The Statement of Financial Ath"yities indleS all gair6 and losses rewintsed in the r. The notes on pages 8 to 16 ftym part of these finan¢al ststeffthts. Page 6
THE ASHWORTH CHARrrABLE TRUST BALA¥CE SHEEr AS AT5 APRIL 2023 2023 2022 Fixed assets Inve51ments 5.725,006 6.105.449 5.725,008 6. 105.449 CUrrt assets WV dient accwnt 1.153 124.435 6.823 157,589 Cash at bank and in haFKI 125.588 164.412 Creditors.. amounts falling due vitiin one 10 111,3701 (16,268) Not current assots 114.218 148. 144 Tolal n•t a$ts 5.839.224 6.253.593 Charity funds Unrestricted funds 11 5.839.224 6.253.593 Total funds 5.839.224 6.253.593 The finaneAal statements were apwoved aThl aUtriSed for issue by the TnMtee5 signed on their tehalf by.. Mrs K A Gray (Founder) 14 JUM 2023 The notes on pages 8 to 16 form part of these financal staterne. Page 7
THE ASHWORTH CHARITABLE TRUST NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 General information The AshweI Charitable Twst is a registeredtharity in England and Wales. The address of its registered office is Vee waSh wrdS LLP. Se(xYrfl Flcxy. 3 BrindW(£. &'rmingham. B12JB. Accounting policies 2.1 Basls of preparnllt)n of flnanclal statenents The financial statements have been pryed in accordance with the Charities SORP IFRS 1021- Accounting and Reporbng by Chariti'es.. Statement of Recommended Prath'ce applicable to eharities preparing their aCcntS in accordance the Financial ReportiTrJ Stsindard applicable in the UK and Republ of Ireland IFRS 1021 leffctive 1 January 20191, the Financial Rerting StaThJard appluble in the UK and Rewlie of Ir IFRS 1021 and the Charities Act 2011. The financi statements have been prepwed to gNe a and fairf wew and have departed from the Charib'es (Accounts and Reps) Re3ulaticffls 2008 onty to the extent required lo prowde a Irue and fairf view. The A5hworth Charitable Trust meets the defiTh"0n of a putAic benefit entity under FRS 102. Assets and liatx.lilies are in1b.ty reccgnised al tOriCal c05t cff transath.on value unless otherwise slated in the relevant a¢¢ountirJ polw. ? ? hjl income 1$ recowbtsed once the Chty has entrtlement to the income, it 1$ probable that the Incmie wll be received and the arrthint d in¢c4ne re¢vable Can be measured rel1. 2.3 Expendlturn Expenditure is recognised once there is a ltyal or wnstructive 0119a to transfer eeonomic benefit to a third party, st is probable that a transfer of ecOrmie benefits wll be required in settlement and the amount of the Obligatic can be measufed T1ay. Expenditure is classthed by ath'vity. The costs of each activity are made up of the tota of direct costs and shared costs, induding support costs involved in undertaking actbMty. Direct costs attn.bUtate to a siThJle acts'wty are alkxated diredy to that actsvity. Expenditure on raisiw furts indudes al expenditure Inlled by the Charity to raise fvnds for its ¢haritable pre$ and ind(hJes ¢0sts ol all fdr•rj a¢livityes events and rth¢harrtab1e tr•Jing. Expenditure on charitable tiVIeS is inoxred on directy undertakiThJ the actiwh'es th'ch further the Grant5 paYae are charged in the year Mhen the offer is made except in those case5 where the offer is ¢(dOnal. such grant5 bw.ng renISed as eN)prKliture when the condits.ons attaching are fvlfilled. Grants offered Su.et to cwdib.cs vA)i¢h have not been met at year end are noted as a eommitr))ent, tyJl not acCrd as eXpendre. All eXdituTe is incktsive crf Irrecoverab VAT. 2.4 Investments Fixed asset inve51ments Je a form of financial instrument ar are inthalty recognised al their tranSacb"c c05t and subsequenlly measured al fair value at the Balance sheet dale. Investment gains and losses. whèther realised (K unEalisad. are eombird and pre5entÈd as 'GainsllLossÈsl investsi)ents' in the Slatement offfinarrial&liwks. Page 8
LsvJrthTrnmth1 Rof. MSHW44ITh-SIIPG 14JJn2CQ3 I(BST0rC lJO 111 P 11110 THE ASHWORTH CHARITABLE TRUST NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Accounting policies Icontinwdl 2.5 Cash at bank and In hand Cash at bank and in hand indudes tssh s)rt-lerrn highly Iwid investrnents with a short maturty of three months or less frun the dale of opening ofthe dep11 or similar account. 2.6 Llabllltles and pmvlslons Liabilrfi'es are reccyiised Nn there is an ltron at the Balanee sheet date as a resutt of a past event. it is probable that a transfer of ec(nomie benefit will be required in settlement. and the amount of the settlement be estimated reliabw. 2.7 Fundaccounllng General funds are unrestrKted fuThJs are availab for use al the discretion of the Trustees in fijrtherance of the gener obJ'ects"ves of Ihe Charrty %uch have not been desvJnaled for other purposes. Inveslmenl income. 1n$ and losses areallocabj to the apprc•ri•te fund. Inv•sim•ni In¢om• Unrnstrict•d lund 2023 Total funds 2023 Total fvnds 2022 Ir¢m* from listed invesknents Olher investment income 194.705 194.705 178. 150 1.517 194.705 194,705 179,667 Anatysis of •xp•nditur• on ¢haritabl• aeti¥rti•s Summary by fund type Unr•strirf fvnds 2023 Ttxal 2023 Total 2022 Direct eosts 228.631 228.631 190,462 Page 9
THE ASHWORTH CHARITABLE TRUST NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Anatysis of expenditur• by activities Grant funding of activities 2023 Support cosis 2023 Total funds 2023 Total funds 2022 Direct eosts 209.241 19.390 228,631 190,462 Total 2022 167,274 23. 188 190,462 Analysis of support costs Total funds 2023 Tot funds 2022 Trustee indemnty insurance Ac¢ountan¢y fees Independent exninatX)n Solicitors lees ministration expenses 6.780 828 10,708 7,740 3.105 19,390 23,188 Page 10
THE ASHWORTH CHARITABLE TRUST NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Anatysis of grants 2023 Local Prr4ect Food 3,350 Natlonal 3.350 Age Baby Bank Neh¥ork Emmaus Growing Ttsaether Mummy's Star Refvgee R&)ts Sal's Shoes 3,000 3,000 5,000 5,000 5,000 5,000 3,000 3,000 3,000 3,000 3.000 4,000 3,000 Santhell Youth in Aetion The Courtney FoundatK)n TcJcan Employment True Butterfies Foundation Welw Haffield Women's Refuge Wcmankind Bristol wren'$ Ttwy GlP 48,000 Intern•tlonal Advantage Africa African Children's Furrtl Alri¢an Reival AWAMU 3,400 5,000 3,800 s,000 5,000 5,000 6,200 4500 4000 5,000 4,000 1,800 3,000 3,000 13,391 5,000 3,000 5,000 3.000 3,000 3,000 Deki Dhaka Ahsania Missp)n Di5abilrty Africa Child Rescue N EducAid Sierra Leone Fountain of Peace ChiKlren's FcurKlab( Frank Water Projects Hospice Ethiopia UK Just be a Child Kid5 Club Kamp* Made with Hope Mbedza Proieets Support Medi¢ to Medi¢ New Way3 Open Arms Malawi Peacè Child Intemati¢y Play rt FcrNard Page11
THE ASHWORTH CHARITABLE TRUST NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Porrty and Pens Ghana Sali of the Earth Strawberry Hill Overeas Community Concem Support and Love ia EdliOn Intematicnal The DavKI Rattray Fndal 5,000 4000 5,000 3,000 4700 4,000 3,000 3.100 3,000 5,000 Tl Huriiillliyli Iiiib4ti¥e The School Club Zamtia The Sparkle Foundatk)n Widows Right 1ntemab.cnal zimba Educatrcnal Tnt 133,891 Other BASED UK 6,000 12.000 6,000 HOWS¢14 x £3,CWJOI IrOnti Gorge Museum Trust Lynrted 24,000 209,241 These antS do ncrt imply any pattem d gvirg on the part of the Trustees as regards the future, or any general 0lAigati¥ the part of the Trusteesto make fvrtheT $u¢h grant5 in the future. Ind•p•nd•nt •xamin•rfs r•mun•r•tion The iThJependent eXineS remuneralion aTnts to an examiner fee of £944 12022 . £8281. T¥ustees' remunerati{ and expens•* During the r, no Trustees re¢thd arry cther beneffts (2022. £NIL). During the year etxled 5 Awil 2023. expenses wmbursed or dire¢tty to 4 TrLtstee$12022.' 0) L)kvii duwii ds fulw&. 2023 2022 Travel 179 1.035 1,001 Insurance Independent exWn1nat)ft 3.115 Page 12
THE ASHWORTH CHARITABLE TRUST NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Fixed assot inVeSthnts Listed investments At 6 April 2022 Disposals Revalualions 6,105.449 139,9721 1340,4711 At 5 Apn'l 2023 5,725,006 Net bDDk value At 5 2023 5,725,006 At 5 Apnl 2022 6, 105,449 Th• hist¢yi¢al ¢ost of th? listed investrnents a15 2023 was £3,894.20812022.' £3,934.180I. 10. Cr•ditor4: Amounts falling du• within on• y•ar 2023 2022 2.507 13,761 A¢cNals aNI deferred irK¢me 11,370 11.370 16.268 Page 13
THE ASHWORTH CHARITABLE TRUST NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 11. Staiement of funds Staiement of funds. current year Balance at 6 April 2022 Transfers inlout Gainsl Balance at 5 (Losses) April 2023 Income Expenditure unstrle funds General Income Fund 194.705 1228.6311 131,9051 33.926 133,926) Capital Fund 6.253,593 {348.5381 S,839,224 6.253.593 194.705 1260.5361 1348,5381 5,839,224 General Inctyne Fund exists to fvrtrw thegeneral eCts of the Ch•. Tr primary purpose, al present, of tr Ca>lal Fund is lo provth the fulure in¢c4))e lo enable the Tru$tee$ to ¢arry out thwr objectives. Stat•m•nt of tunds- prior y•ar Balance al l Awyl 2021 Trnnsf&rs inloul Gain Balance at (Lossos) 5 Apnl 2022 Unrestrtcted funds General IrKome Fund Caprtal Fund 179.667 f190.462) (33.728) 10. 795 (10,795) 5,993.856 304,260 6,253.593 5.993.856 179.667 (224.190) 304.260 6,253,593 Page 14
LsvJrthTrnmth1 Rof. MSHW44ITh-SIIPG 14JJn2CQ3 I(BST0rC *lJO 111 P 17110 THE ASHWORTH CHARITABLE TRUST NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 12. Summary ol funds Summary ol funds- Cufrent year Balance at 6 April 2022 Transfers inlout Gainsl Balance at 5 (Losses) April 2023 Income Expenditure General funds 6.253,593 194,705 1260,5361 (348.$381 5,839,224 Summary ol funds- prior year Balance al l Apnl 2021 Transfers iout Gainsp Balance at (Lthss8sJ 5 Apnl 2022 General fur 5.993.856 779.667 (224. 190) 304,260 6.253.593 13. Analysis of n•t ass•ts b•tw8•n funds Analysis of net assets b•twwn fvnds. curmnt ymr Unrnstri¢t•d funds 2023 Total funds 2023 Fixed aysel investmer Current assets Creditors due wthin one yaar 5,725,Crt)6 125,588 11,3701 5,725,006 125,588 111,3701 rot 5,839,224 5,839,224 Analysis of n•t b•tw••n funds- prlty y••r Unr•slri¢ Total funds ?? ?? Fixed a55el investrnents Current assets 6.105,449 164,412 (16,268) 6, 105,449 164,412 (16,268) Creditors due one sear Total 6,253,593 6,253,593 Page 15
THE ASHWORTH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
14. Related party transactions
During the year accountancy fees of £6,600 (2022: £6,780) were payable to James Cowper Kreston for services provided to the charity. The Trustee Mr I D Miles was a partner of James Cowper Kreston during the year. Mr I D Miles retired from James Cowper Kreston on 30 April 2023.
During the year a grant of £3,000 was paid to Widows Rights International. Dr W Momen is a Trustee of the charity and is a Trustee of Widows Rights International.
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