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|||2023|||2022||
|---|---|---|---|---|---|---|
|Note|Endowment|Restricted|Total|Endowment|Restricted|Total|
|INCOMING RESOURCES|||||||
|Generated
Funds|||||||
|UK Dividends|35,096||35,096|33,613||33,613|
|Net Incoming Resources available|||||||
|for Charitable
Application|35,096||35,096|33,613||33,613|
|CHARITABLE EXPENDITURE|||||||
|Grants||22,953|22,953||33,845|33,845|
|Governance||1,782|1,782||1,632|1,632|
|Total Resources Expended||24,735|24,735||35,477|35,477|
|Transfer between Funds|(35,096)|35,096||(33,613)|33,613||
|Applied Total Return||||(1,900)|1,900||
|NET OUTGOING RESOURCES||10,361|10,361|(1,900)|36|(1,864)|
|Unrealised
gains/(losses)
on|16||16|(28,279)||(28,279)|
|investment
assets|||||||
|Realised gains/(losses)|||||||
|NET MOVEMENT IN FUNDS|16|10,361|10,377|(30,179)|36|(30,143)|
|Fund Balance at 1 Sept 2022|604,472|95,971|700,443|634,651|95,935|730,586|
|FUND BALANCE AT|604,488|106,332|710,820|604,472|95,971|700,443|
|31AUGUST 2023|||||||
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|SAT 31|sr AUGUST 2023||||
|---|---|---|---|---|
|||Note|2023|2022|
|||||6|
|Fixed Asset Investments|||697,191|697,417|
|Current|Assets||||
|Nominee|Cash Account||14,811|4,208|
||||14,811|4,208|
|Less: Current Liabilities|||||
|Creditors||10|1,182|1,182|
||||1,182|1,182|
|NET CURRENT ASSETS|||13,629|3,026|
|TOTAL|ASSETSLESS CURRENT LIABILITIES||710,820|700,443|
|Endowment
Funds|||604,488|604,472|
|Restricted|Funds||106,332|95,971|
||||710,820|700,443|
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|FOR THE YEAR ENDED 31 r AUGUST 2023||||
|---|---|---|---|
||2023||2022|
|NET CASH OUTFLOW FROM OPERATING ACTIVITIES|(24,735)||(35,393)|
|RETURNS ON INVESTMENTS||||
|Income from investments|35,096||33,613|
|Interest Received (inc. VAT Reclaim Refund)||||
|Sale ofInvestments|332,091|||
||367,187||33,613|
|FINANCIAL
INVESTMENT||||
|Purchase ofInvestments|331,849|||
|NET CASH (OUTFLOW)|10,603||(1,780)|
|RECONCILIATION
OFNET OUTGOING RESOURCES||||
|TO NET CASH FLOW FROM OPERATIONS||||
|Net Incoming/(Outgoing)
Resources|10,361||(1,864)|
|Investment
Income|(35,096)||(33,613)|
|Increase/(Decrease)
in Creditors|||84|
|NET CASH OUTFLOW FROM OPERATIONS|(24,735)||(35,393)|
|ANALYSIS OF CHANGES IN NET CASH RESOURCES|I"Sept 2022|Movement|31"Aug 2023|
|Cash at Bank and in hand|4,208|10,603|14,811|
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||||2023|2022|2022|
|---|---|---|---|---|---|
|||Equities|Total|Equities|Total|
|Brought forward I"Sept 2022||697,417|697,417|725,696|725,696|
|Sales||(332,091)|(332,091)|||
|Purchases||331,849|331,849|||
|Unrealised|(losses) /gains|16|16|(28,279)|(28,279)|
|||697,191|697,191|697,417|697,417|
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|FORTHE YEAR ENDED 31
AUGUST|FORTHE YEAR ENDED 31
AUGUST|FORTHE YEAR ENDED 31
AUGUST|2023|(continttect)|||||
|---|---|---|---|---|---|---|---|---|
|4.
RECONCILIATION
OF FUNDS|||||||||
||||2023||||2022||
||Endowment||Restricted||Total|Endowment|Restricted|Total|
|||||||5|||
|At 1"September 2022||604,472||95,971|700,443|634,651|95,935|730,586|
|Movement
in resources||16||10,361|10,377|(30,179)|36|(30,143)|
|As at 31u August 2023||604,488||106,332|710,820|604,472|95,971|700,443|
|5. TOTAL RETURN|||||||||
|Value ofpermanent
endowment
Value ofpermanent
endowment||at 31"August 2022
at 1"September 1995|||604,472
416,796||||
|Unapplied
total return held on
1"September 2022|trust for application|||as income|187,676||||
|Decrease in value ofpermanent||endowment|in the year|||16|||
|Balance ofunapplied
total return|||||187,692||||
|Applied
from total return 2023|||||||||
|Balance ofunapplied
total return
as income 31"August 2023||held on trust for||application|187,692||||
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|FO|RTHE YEAR ENDED 31
AU|RTHE YEAR ENDED 31
AU|GUST 2023 (continued)|||
|---|---|---|---|---|---|
|8.|EXPENDITURE|||||
|||||2023|2022|
|Administration
ofthe charity includes:-||||||
|Auditors'||Remuneration||1,182|1,182|
|Professional
fees||||600|450|
|||||1,782|1,632|
|9.|SHORT TERM INVESTMENTS||(UK)|||
|||||2023|2022|
|Nominee||Account||14,811|4,208|
|||||14,811|4,208|
|10.|CREDITORS|||||
|||||2023|2022|
|Accruals||k Deferred Income||1,182|1,182|
|||||1,182|1,182|
|11.ANALYSIS|OFNET|ASSETS||||||
|---|---|---|---|---|---|---|---|
||||Fixed Asset|Current|Assets|Liabilities|2023 Total|
||||Investments|||||
|Endowment|||697,191|(92,703)|||604,488|
|Restricted|||||107,514|(1,182)|106,332|
||||6979191||14,811|(1,182)|710,820|
##
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|NCOME FROM|INVESTM|ENTS|||
|---|---|---|---|---|
||||2023|2022|
|EQUITY INVESTMENTS|||||
|BPpic|||1,468|1,160|
|Invesco Bond Income Plus||Ltd|2,645|2,530|
|(City Merchants)|||||
|City ofLondon Investment||Trust|963|1,254|
|CQS New City High Yield|||4,041|4,032|
|Edinburgh|||2,620|2,480|
|Glaxosmithkline|(GSK)||1,294|2,100|
|Henderson
High|Income||2,409|2,362|
|Haleon PLC Ord|||67||
|JP Morgan Global Growth||&Income PLC Ord|3,785||
|Lloyds TSB|||||
|Merchants|||3,063|3,008|
|Murray Income Trust|||1,026|983|
|Royal Dutch Shell|||||
|Scottish Inv|||1,034|2,750|
|Sequoia Economic Infrast|||3,645|4,238|
|SSE|||1,338|1,231|
|United Utilities|||1,229|1,175|
|Vodafone|||1,252|1,208|
|Witan Investment|||3,217|3,102|
||||35,096|33,613|