| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | of financial | activities | |
| Statement | of financial | position | |
| Notes to the financial | statements |
| Reference | and adm | inistrative | details | |
|---|---|---|---|---|
| Registered | charity | name | The Philip Nicholas Charitable | Trust |
| Charity registration | number | 1061857 | ||
| Principal office | 104 High Street | |||
| Sidmouth | ||||
| Devon | ||||
| EX108EF | ||||
| The trustees | Mrs E Butler | |||
| Dr SWillis | ||||
| Mrs J M Creeke | ||||
| MrJ McCarthy | ||||
| Independent | examiner | Mr M Marsh ACA | ||
| Westcotts | ||||
| Chartered Accountants |
||||
| Queens House | ||||
| New Street | ||||
| Honiton | ||||
| Devon | ||||
| EX141BJ |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | |||||||
| Note | funds E |
funds E |
Total funds f |
Total funds 6 |
||||
| Income and endowments | ||||||||
| Investment income |
4 | 46,694 | 46,694 | 39,074 | ||||
| Total income | 46,694 | 46,694 | 39,074 | |||||
| Expenditure | ||||||||
| Expenditure on charitable |
activiTies | 5,6 | 67,937 | 67,937 | 72,725 | |||
| Total expenditure | 67,937 | 67,937 | 72,725 | |||||
| Net gains/(losses) | on investments | 8 | 29,690 | 29,690 | 243,910 | |||
| Net income/(expenditure) | and net | |||||||
| movement in funds |
8,447 | 8,447 | 210,259 | |||||
| Reconciliation of |
funds | |||||||
| Total funds brought | fonvard | 514,236 | 500,000 | 1,014,236 | 803,977 | |||
| Total funds carried | forward | 522,683 | 500,000 | 1,022,683 | 1,014,236 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Fixed assets | Note | 2 | ||
| Investments | 11 | 960,598 | 966,625 | |
| Current assets | ||||
| Debtors Cash at bank and in |
hand | 12 | 436 63,203 |
504 48,595 |
| 63,639 | 49,099 | |||
| Creditors: amounts | falling due within one year | 13 | 1554 | 1,488 |
| Net current assets | 62,085 | 47,611 | ||
| Total assets less current liabilities | 1,022,683 | 1,014,236 | ||
| Net assets | 1,022,683 | 1,014,236 | ||
| Funds ofthe charity | ||||
| Endowment funds Unrestricted funds |
500,000 522,683 |
500,000 514,236 |
||
| Total charity funds | 14 | 1,022,683 | 1,014,236 |
| 9. | Independent | examination | fees | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Fees payable Independent |
to the independent examination of the |
examiner for: financial statements |
1,554 | 1,488 |
| Investments | ||||
|---|---|---|---|---|
| Listed | ||||
| investments | ||||
| Cost or valuation | ||||
| At 6April 2021 Additions |
966,625 51,052 |
|||
| Disposals Fair value movements |
(86,769) 29,690 |
|||
| At 5 April 2022 | 960,598 | |||
| Impairment | ||||
| At 6 April 2021 and | 5 April | 2022 | ||
| Carrying amount At 5 April 2021 |
960,598 | |||
| At 5April 2021 | 966,625 | |||
| The above carrying | amounts | are recognised as follows: | Listed | |
| investments | ||||
| At 5 April 2022 Held at fair value |
960,598 | |||
| Held at historical cost less impairments | 624,128 | |||
| At 5 April 2021 Held at fair value |
966,625 | |||
| Held at historical cost less impairments | 664,349 | |||
| Debtors | ||||
| 2022 | 2021 | |||
| Other debtors | 436 | 504 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| Income Interest |
from listed investments received |
6 40,420 6,274 |
2 40,420 6,274 |
2 31,254 7,820 |
2 31,254 7,820 |
| 46,694 | 46,694 | 39,074 | 39,074 |
| Unrestdcted | Total | Funds | Unrestricted | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||
| Donations Governance |
costs | 2 60,200 7,737 |
2 60,200 7,737 |
65,200 7,525 |
2 65,200 7,525 |
||
| 67,937 | 67,937 | 72,725 | 72,725 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| University of Hull Plymouth University Helford River Trust Horizons Plymouth |
Funds 2 30,200 20,000 5,000 5,000 |
2022 2 30,200 20,000 5,000 5,000 |
Funds 2 30,200 30,000 5,000 |
2021 30,200 30,000 5,000 |
|
| 60,200 | 60,200 | 65,200 | 65,200 |
| Analysis of | governance cos |
ts | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
| Funds | 2022 | Funds | 2021 | ||||
| Accountancy Administrative |
fees costs |
2 1,554 6,183 |
2 1,554 6,183 |
2 1,488 6,037 |
2 1,488 6,037 |
||
| 7,737 | 7,737 | 7,525 | 7,525 |
| Net gains/(los | ses) | on | investments | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||
| Gains/(losses) | on | other | investment | Funds 2 |
2022 2 |
Funds f |
2021 2 |
|
| assets | 29,690 | 29,690 | 243,910 | 243,910 |
| Accruals and | deferred | deferred | income | 2022 f 1,554 2021 1,488 |
2022 f 1,554 2021 1,488 |
2022 f 1,554 2021 1,488 |
|||
|---|---|---|---|---|---|---|---|---|---|
| 14. Analysis ofcharitable |
funds | ||||||||
| Unrestricted | funds | ||||||||
| 2022 General funds |
At 6 April 2021 514,236 |
Income 6 46,694 |
Expenditure (67,937) |
Gains and At losses 5 April 2022 29,690 522,683 |
|||||
| 2021 General funds |
At 6 April 2020 6 303,977 |
Income 39,074 |
Expenditure (72,725) |
Gains and At losses 5 April 2021 2 243,910 514,236 |
|||||
| Endowment funds |
|||||||||
| 2022 Endowment Fund |
At 6 April 2021 500,000 |
Income E |
Expenditure | Gains and losses |
At 5 April 2022 500,000 |
||||
| 2021 | At 6April 2020 |
Income | Expenditure | Gains and losses |
At 5 April 2021 |
||||
| Endowment Fund |
500,000 | 500,000 | |||||||
| . Analysis ofnet | assets between funds | ||||||||
| 2022 | |||||||||
| Unrestricted | Endowment | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| investments Current assets Creditors less than Net assets |
1 year | 460,598 63,639 (1,554) 522,683 |
500,000 500,000 |
960,598 63,639 (1,554) 1,022,683 |
|||||
| 2021 | |||||||||
| Unrestricted | Endowment | Total Funds | |||||||
| Funds | Funds | 2021 | |||||||
| Investments Current assets Creditors less than Net assets |
1 year | 466,625 49,099 (1,488) 514,236 |
500,000 500,000 |
966,625 49,099 (1,488) 1,014,236 |