## ## ## ||||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| ##