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|Contents||||||Page|
|---|---|---|---|---|---|---|
|Reference and administrative||details|||||
|Trustees'
report (incorporating|||the Directors'|report)||2-17|
|Independent
auditor's|report|||||13-20|
|Statement offinancial|acuvities||(incorporating|the income and expenditure|account)|21|
|Balance sheet||||||22|
|Cash flow statement||||||23|
|Notes to the financial|statements|||||24-31|
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|Year ended|30Ju|ne 2|023|||||
|---|---|---|---|---|---|---|---|
||||||Notes|2023|2022|
|||||||Unrestricted|Unrestricted|
|Income from:||||||||
|Donations|||||1c|1,535,783|632,610|
|Iltvestlttcnts||||||268,480|235,662|
|Total income||||||1,804,263|868,272|
|Expenditure
on:|||||le|||
|Raising ftutds:||||||||
|Fundraising
costs||||||773,270|567,G75|
|Charitable
activities:||||||||
|Asststance
to the|disabled|for||||||
|parttcipation
in sport||||||212,591|197,2G4|
|Total expenditure|||||2|985,861|764,939|
|Net income before investment|||gains|||818,402|103,333|
|Net gains/losses
on investments|||||6|(498,425)|(1,876,897)|
|Net income for the year and movement||||in funds|3|319,977|(1,773,564)|
|Reconciliation
offunds||||||||
|Balance brought|forward|at I July 2022||||12,950,333|14,723,897|
|Balance carried|forward|at||||||
|30June 2023||||||13,270,310|12,950,333|
##
|At 30Jun|e 20|23||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Notes|g||
|Fixed assets||||||
|Tangible Fixed Assets||||701,240|717,013|
|Investments||||11,498,177|11,792,200|
|||||12,199,417|12,509,213|
|Current
Assets||||||
|Debtors||||72,739|137,511|
|Cash at Bank|and in|Hand||1,170,750|462,885|
|||||1,243,489|600,396|
|Current
liabilities||||||
|Creditors: amounts||falling due with I year||(172,596)|(159,276)|
|Net current|assets|||1,070,893|441,120|
|Total assets|less current liabilities|||13,270,310|12,950,333|
|Net assets||||13,270,310|12,950,333|
|Represented|by:|||||
|Funds:||||||
|Unrestricted|funds|||13,270,310|12,950,333|
|Total funds||||13,270,310|12,950,333|
##
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|Year ended 30June|2|0|23||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||Notes||||
|Net cash intlow from operating|||activities||(a)||643,788|(120,709)|
|Cash flows from investing|activities:||||||||
|Interest and income received|||||||268,480|235,662|
|Net movement
in investment|portfolio||||||(128,507)|(206,491)|
|Decrease in cash and cash|equivalents|||in the year|||783,761|(91,538)|
|Cash and equivalents
brought||forward|||(b)||647,842|739,380|
|Cash and equivalents
carried||forward|||(b)||1,431,603|647,842|
|(a)
Reconciliation ofnet|income to|||net cash inflow from operating||activities|||
||||||||2023|2022|
|Net income for tbe year|||||||319,977|(1,773,564)|
|Interest and income received|||||||(268,480)|(235,662)|
|Gains and losses|||||||498,425|1,876,897|
|Depreciation|||||||15,774|17,572|
|Decrease in creditors|||||||13,320|(10,091)|
|Decrease in debtors|||||||64,772|4,139|
|Net cash inflow from operating||activities|||||643,788|(120,709)|
|(b)
Analysis
ofcash and|cash||equivalents||||||
||||||||At 30June|At 30June|
||||||||2023|2022|
|||||||||g|
|Cash at bank and
in hand|||||||1,170,750|462,885|
|Cash held in investnrcnt
portfolio|||||||260,853|184,957|
|Total cash and cnsh equivalents|||||||1,431,603|647,842|
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||||Direct|Support|Total|Total|
|---|---|---|---|---|---|---|
|||Staff costsf|costsf|costs|2023|2022|
|Cost ofRaising funds||I96,044|501,910|75,316|773,270|567,675|
|Charitable|activities|49,011|146,710|16,870|212,591|197,264|
|||245,055|648,620|92,18G|985,861|764,939|
##
|goveniance
costs off14000(2022
are f52,523 (2022:f60,032)|:f13500). Investment|management|costs included|in cost ofrai|sing funds|
|---|---|---|---|---|---|
|||Direct|Support|Total|Total|
||Staff costs|costs|costs|2022|2021|
|Cost ofRaising funds|180,692|315,416|71,567|567,675|388,031|
|Charitable
activities|45,173|135,143|16,948|197,264|192,564|
||225,8G5|450,559|88,515|764,939|580,595|
|Net income for the year||||||
|||||2023|2022|
|This is stated after charging:||||||
|Auditor's
remuneration||||14,000|13,500|
|Depreciation||||15,773|16,584|
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|||||2023f|2022|
|---|---|---|---|---|---|
|Wages and salaries (including||temporaty|and agency staff)|179,400|162,598|
|Social Secunty Costs||||17,978|17,734|
|Pension|Costs|||44,494|41,133|
|||||241,872|221,465|
|||||Number|Number|
|Average|number ofstaff|||4|4|
##
|Tangible
lixed|assets|||||
|---|---|---|---|---|---|
|||Long||||
|||Leasehold||||
|||Land and|Office|Motor||
|||buildings|equipment|vehicles|Total|
|Cost||||||
|At
I July 2022||818,754|6,980|30,876|856,610|
|Additions||||||
|At 30June 2023||818,754|6,980|30,876|856,610|
|Accumulated|depreciation|||||
|At
I July 2022||107,973|3,921|27,703|139,597|
|Charge for the|year|14,216|765|792|15,773|
|At 30.Iune 2023||122,189|4,686|28,495|155,370|
|Nct book value||||||
|At 30 June 2023||696,565|2,294|2,381|701,240|
|At 30 June 2022||710,781|3,059|3,173|717,013|
##
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||||2023|2022|
|---|---|---|---|---|
|Market Value|brought
forward||11,607,243|13,278,636|
|Net additions|to portfolio||128,506|205,504|
|Unrealised
(losses)|||(498,425)|(1,876,897)|
|Market value|at end ofyear||11,237,324|11,607,243|
|Cash held in|the investment|portfolto|260,853|184,957|
||||11,498,177|11,792,200|
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|All investmen
investments.|ts|were
he|ld|directly
by
the Charity
and there
are no restrictions|on the realis|ation
of the|
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||g|
|Invesnnents|listed on a recognised stock exchange:||||||
|UK Fixed Interest|||||2,662,114|2,529,331|
|Overseas Fixed Interest|||||1,277,926|1,057,328|
|UK Equities|||||2,607,341|2,664,637|
|Non-UK Equities|||||2,572,952|2,559,385|
|Commodities|||||218,792|565,540|
|Property Unit Trust|||||419,887|495,440|
|Hedge Funds|||||1,478,322|1,735,582|
|Total investments|||||11,237,324|11,607,243|
|The investments||above were||held as follows:|||
||||||2023|2022|
|||||||2|
|UK|||||7,386,456|6.756.142|
|Non-UK|||||3,850.8(ig|4,851.11) I|
||||||11,237,324|11,607,243|
|Investments|which individually
comprise more than 580ofthe portfolio consist of:||||||
||||||2023|2022|
|||||||8|
|Allianz Global Investors|||UK Gilt||945,554|1,157,220|
||||||945,554|1,157,220|
|Debtors|||||||
||||||2023|2022|
|Amounts
1'alhng||due wrtbur||one year|2||
|Otlter debtors|||||5,634|1,535|
|Prepayments|||||67,105|135,977|
||||||72,739|137,511|
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|Creditors: amo|unts|falling due within
one year||||
|---|---|---|---|---|---|
|||||2023
8|2022f|
|Accruals||||157,281|144,365|
|Other creditors||||15,315|14,912|
|||||172,596|159,276|
||||||As at|
||||Approved|Paid/adjust|30June|
|Grants payable|consist ofthe||in the year|in the year|2023|
|following:||||||
|GBDisabled Snow||Sports Team|44,460||(44,460)|
|GBBoccia Team|||15,000||(15,000)|
|GBWheelchair|Rugby Team||35,000||(35,000)|
|GBWheelchair|Racing Team||30,540||(30,540)|
|GB Wheelchair|Tennis Team|||||
|GBPara-Shooting||Team|10,000||(10,000)|
||||135,000||135,000|
|sports organizati
paid|on
for the individual
are written o|ff. Since tbe year end, 0135,000|ofthe above tota|ls has been|
|---|---|---|---|---|
|||||As at|
|Grants payable|consist ofthe|Approved|Paid/adjust|30June|
|following:||in theyear|in the year|2022|
|GB Disabled Skt Team||48,935|(334)|(48,601)|
|GBBoccieTeam||10,000||(10,000)|
|GBWheelchair|Rugby Teani|30,000||(30,000)|
|GBWheelchair|Racing Team|21,805|(3932)|(17,873)|
|GB Wheelchair|Temiis Team|50||(50)|
|GB Para-Shooting
Team||10.000||(10,000)|
|||120,790|(4,266)|(116,524)|
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