| Strategic | report | ||||
|---|---|---|---|---|---|
| Trustees' | and directors' | report | |||
| Statement | ofTrustees' | responsibilities | |||
| Independent auditor's |
report | ||||
| Statement | offinancial | activities (incorporating | the income and expenditure | account) | |
| Balance sheet | |||||
| Notes to | the financial | statements |
| Unrestricted | Restricted | 2023 | 2022 | |||
|---|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | |||
| Notes | E | |||||
| Income from: | ||||||
| Donations | 3 | 886,149 | 886,149 | 423,373 | ||
| Investments | 4 | 33,086 | 33,086 | 27,113 | ||
| Total income | 919,235 | 919,235 | 450,486 | |||
| Expenditure on: |
||||||
| Charitable activities |
5 | (503,868) | (503,868) | (288,805) | ||
| Raising funds | (9,806) | (9,806) | (3,070) | |||
| Other | (47) | (47) | (11) | |||
| Total expenditure | (513,721) | (513,721) | (291,886) | |||
| Net income before | losses on investments | 405,514 | 405,514 | 158,600 | ||
| Other recognised | (losses)/gains: | |||||
| Net unrealised loss |
on investments | (466) | (466) | (91,423) | ||
| Net income for the year | 405,048 | 405,048 | 67,177 | |||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 1,608,604 | 3,155 | 1,611,759 | 1,544,582 | |
| Total funds carried forward | 2,013,652 | 3,155 | 2,016,807 | 1,611,759 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Assets | ||||||
| Non-current | assets | |||||
| Investments | 8 | 1,204,432 | 924,898 | |||
| 1,204,432 | 924,898 | |||||
| Current assets | ||||||
| Trade and other receivables | 9 | 64,676 | 131,974 | |||
| Cash and bank balances | 10 | 757,385 | 554,887 | |||
| 822,061 | 686,861 | |||||
| Total assets | 2,026,493 | 1,611,759 | ||||
| Liabilities | ||||||
| Current liabilities |
||||||
| Trade and other | a | ables | 9,686 | |||
| 9,686 | ||||||
| Net current assets | 812,375 | 686,861 | ||||
| Total assets | less | current liabilities | 2,016,807 | 1,611,759 | ||
| Net assets | 2,016,807 | 1,611,759 | ||||
| Funds | ||||||
| Restricted funds |
12 13 | 3,155 | 3,155 | |||
| Unrestricted | funds: | |||||
| General funds | 13 | 1,813,548 | 1,408,034 | |||
| Fair value funds | 13 | 200,104 | 200,570 | |||
| Total chari | sur | lus | 2,016,807 | 1,611,759 |
| 4.Investment | i | n | come | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||||||
| f | 6 | ||||||||||||||
| Interest received | from | COIF Charities | Investment | Account | 31,084 | 27,028 | |||||||||
| Bank interest | 2,002 | 85 | |||||||||||||
| 33,086 | 27,113 | ||||||||||||||
| 5.Expenditure | on charitable | activities | |||||||||||||
| The Fund's expenditure | on | charitable | activities | in | the 12 months | to 31August 2023 is represented | by: | ||||||||
| Grants | funded | Support/ | |||||||||||||
| activity (note 7) |
governance costs |
2023 Total | |||||||||||||
| F | |||||||||||||||
| Expenditure | on | charitable | activities | 218,853 | 285,015 | 503,868 | |||||||||
| The year to | 31 | August | 2022 is represented | by: |
| The year to | 31 | August 20 | 22 is represented by: |
||||
|---|---|---|---|---|---|---|---|
| Grants | funded | Support/ | |||||
| activity (note 7) |
governance costs |
2022 Total | |||||
| Expenditure | on | charitable | activities | 182,243 | 106,562 | 288,805 |
| .Grants fun | ded activ |
ity | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||
| f | |||||||||||
| Miscellaneous | grants | to | retired | and | serving | employees | experiencing | financial | hardship | 148,366 | 133,011 |
| Supermarket | vouchers | 70,487 218,853 |
49,232 182,243 |
| 2023 | 2022 | ||
|---|---|---|---|
| f | F | ||
| Fair value at beginning of |
year | 924,898 | 1,016,321 |
| Amounts invested during |
the year | 280,000 | |
| Net unrealised loss on revaluation |
(466) | (91,423) | |
| Fair value at end ofyear | 1,204,432 | 924,898 | |
| Historic cost at end ofyear | 1,004,328 | 724,328 |