2023-04-05-accounts - The Mallinckrodt Foundation

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Contents			Page
Reference and administrative		information
Report ofthe Trustees			2-4
irurdilors report
Statement offlnandal	activities
Balance sheet
Gash Flow Statement
Notes to the finandat	statemenls		11-16

Statement off	in	ancial a	ctivit	ies fo	r the year	ended 6	April 2023
							2023	2022
						Ullrestllcted	Total	Total
				Nates	Unrestricted f	Designated f	funds f	flmds f
Income and endowments		bum:
Donations				3	22,74(,930		22,741,938
Invesimenls				4	232,12S		232,125	199,380
Total					22,9?4,003		22,974,063	109,380
Expenditure on
Raising funds - investment		management	fees	6	6,181		6,181	6,291
Charitable activities				6	146,208		146,203	74,376
Total					152,389		152,389	80,067
Net Income before gains end losses on Investments					22,821,074		22,821,674	118,713
Net (losses) / gains on investments				8	(309,090)		(309,090)	242,732
Net Income					22J52,576		22,452,576	381,445
Net movement in funda				9	22,452,570		22/52+70	381,445
Fund balances brought	forward				0,659/00	1,000,000	0,659vt00	6,297,061
Fund balances carried	forward				28,111,902	1,000,000	29,111&982	6,659,406

				Nalea
Fixed esesls Inveslrnenbr				16	2TJSB,558	6~498
Currsst assets ~eMors Cash at bank and In hend					25285 22tf92I54	25,«9 1,«ggfS
					2,0452)48	1,141,182
Llabgltles
Credltonc wnuunls	due	a)thin	1year	12	(2{lyt'le)	{{Trhga)
Nst cunsnl eesele					2,625yhfrt	1,125,808
Nat assets					29,4«,892	6,659,468
Funda
Uraealrla{ed funds				15	28,111,082	5,05grt06
Urasalrtc{ed designated		funds		15	1,000,000	1,000,000
Tat{llalee{tp hllnrhl					20,111,982	6,65grh)B

					Notes		2022
							2
Cash flows from operating activities:
Net cash provided by/(used in) operagng		activities			(a)	24591,774	(82,878)
Cash flows from Investing activities:
Dividends and Interest from investments Proceeds from sale ofInvestments						232,125 80,'785	199,380 85',380
Purchase ofInveslmente						(21,976,759)	(207,282)
Change In Investment cash						(4.084)	20,162
Nel cash (used In) /provided by Investing		activities				(21,087,933)	97,640
Change In cash and cash equivalents	in the reporting		period			903,841	14,762
Cash and cash equivalents at the beginning		ofthe reporBng period			(b)	1,116,013	1,101,251
Cash and cash equivalents atthe end	ofthe reporting		period		(b)	2,019,854	1,110,013
(a) Reconclgatlon ofnel Income to net	cash flows from		operating	activities
Net income for the reporting period						22,452,576	361,445
Ad)ustments for.
Losses / (gains) an Inveslmenls						369,098	(242,732)
Dividends and Interest from investments						(232,125)	(199,380)
Increase in debtom						(867)	(1,374)
Increase /(dewease) in creditors						3,092	(837)
Net cash provided by /(used In) operating		activities				22,591,774	(82,876)
(b) Analysis ofcash and cash equivalents
Cash in hand						2,019,854	1,118,013
Totat cash and cash equivalents						2,019,854	tl,116,013
(c) Analysis ofchanges In net debt:
			6April			Non-cash	5April
			2022		Cash flows	movement	2023
				6		8	2
Cash and cash equivalents			1,116,013		903,641		2,019,854

Charitable donations			2023	2022
			Total 2	Totalf
Cadtas Ukraine			10,000
Christian Responsiblfty	in PubDc Affairs (CRPA)		5,000	5,000
Faith In EeadershiP			10,000
FareShare			10,000
Foundation ofthe College ofStGeorge (Companions		of Windsor)	30,000	5,000
Friends ofthe Holy Eand			7,5DD
Harvard Kennedy School of Government			21410	18,243
Hospice UK			5,000
Music For All			5,000
Royal Botanical Gardens	Ksw —Frisnds 3 Supportem		'I5,000	15,DDD
Royal Chapel ofAD Saints, The				5,000
St Patrick's Soho Outreach			10,00D
Woolf Institute, The				14,000
			128,710	62,243

Nel Investment		(losses) Igains	(losses) Igains	2023	2022
				5	2
Realised gains				7,005	15,201
Unreslised (losses) / gains				(376,103)	22'f,461
				(369,008)	242,732
Net movement)n		funda
Nst movement In		funds ls slated aRer charging:
				202S	2022
				2	2
Auditor's remuneration
-Independent		Examlnagon			3,840
~ Audit				6,000
Investments				2023	2022
				2	2
Market value at fhs beginning			ofthe year	5,520,875	'5,156,241
Additions at coal				21,970,759	207,202
Disposal proceeds				(80,705)	(05,380)
Net (losses)lgalns		on dlsposals	and rsvalua8ons	(309,090)	242,732
Market value at the year end				27,067,751	5,520,875
Cash held as part		ofportfolio		18,807	14,723
Total investmsnt	value			27,088,058	5,535,698
Historfcal cost at	the year end			4,022,239	4,508,512

12.	Creditors:	amounts	faSlng due within one year	faSlng due within one year	faSlng due within one year			2023	2022
								6	E
	Accruals							13i892	8,773
	Other creditors —Investment Grants payable			management	fee			1,524 5,000	1,651 7,'000
								20,4'IS	17,324
1S,	Movsmenl	in funds	-2023		0Aprg				SAprg
					2022	Income	Expendgure	Losses	2023
	Unrestricted	funds			5,659JBB	22,974063	(162,389)	(369,098)28,(11,982
	Designated	funds			1,000,000	-	-	-	1,000,000
	Total				6,859rt00	22,974,063	(152,S89)	(309,098)29,111,982
	Movement	in funds -2022			6Aprt		Expenditure/		6April
					2021	Income	Transfers	Gains	2022
					E	2	E	E	6
	Unrestricted	funds			5,297,961	199,380	(80,067)	242,732	5,059,408
	Designated	funds			1,000,000				1,000,000
	Total			6,297,961		199@00	(80,687)	242,732	6,669,400

Analysis	ofnet assets between funds -2023	ofnet assets between funds -2023	Unrestricted	Designated	Total
			funds	Itlllrls	funds
				E	2
Investments			27,086,558		27,0862MB
Net current assets			1,025,424	1,000,000	2,025,424
			28,111,982	1,000,000	29,111,982
Analysis	ofnsl assets between	funds - 2022	Unrestricted	Designated	Total
			fund»	funds	funds
			E	E	E
Investments			5535696		5,535,590
Net current assets			106,035	1,000,000	1,123,306
			5,059,406	1,000,000	6,650,406