| Page | Page | Page | |
|---|---|---|---|
| Chair’s Review | 1 | - 2 | |
| Trustees’ Report including the Strategic Report | 3 | - | 21 |
| Trustees’ Responsibilities | 22 | ||
| Independent Auditors’ Report to the Members | 23 | - | 25 |
| Consolidated Statement of Financial Activities | 26 | ||
| Consolidated and Company Balance Sheets | 27 | ||
| Consolidated Cash Flow Statement | 28 | ||
| Notes to the Financial Statements | 29 | —47 | |
| Appendix 1 - Detailed Schedule ofGrants Paid |
48 | - | 56 |
| The Trustees (who follows: |
are also Directors and Mem | bers of the charity) who h |
|---|---|---|
| D N Taylor | Chair (1) (2) (3) | Appointed 1 July 2022 |
| V E Hoskins | Executive Trustee (1) (3) | Appointed 1 July 2022 |
| C M Erwood | Deputy Chair (2) (3) | Appointed 1 July 2022 |
| C J Clarkson | (1) | |
| R P Meadows | (3) | |
| J J O’Sullivan MBE | (1) (2) | |
| S C O’Sullivan | (3) | |
| RFWhite | (1)(2) | |
| M A Street OBE | Chair (2) | resigned 1 July 2022 |
| D N Taylor | Executive Trustee | resigned 1 July 2022 |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Income and endowments from: | |||
| Investments | |||
| - Income from properties | 1,285,226 | 1,517,887 | |
| - Other investment income | 2,129,208 | 2,247,578 | |
| - Other income (derivative settlement) | 380,348 | - | |
| Total income and endowments | 3,794,782 | 3,765,465 | |
| Expenditure on: | |||
| Raising funds: | |||
| - Property operating costs | (458,491) | (513,209) | |
| - Loan interest and bank charges | (426,625) | (948,022) | |
| - Investment management fees and costs | (151,239) | (295,740) | |
| (1,036,355) | (1,756,971) | ||
| Net income available for charitable application | 2,758,427 | 2,008,494 | |
| Charitable activities: | |||
| - Grant making costs | (13,460,316) | (7,753,286) | |
| - Impairment ofSocial Investment | (211,194) | - | |
| - Support costs | (246,472) | (264,374) | |
| Total expenditure | 5 | (14,954,337) | (9,774,631) |
| Net (expenditure) before investment (losses)/gains | (11,159,555) | (6,009,166) | |
| Revaluation losses on investment properties and fixed | |||
| assets | (825,000) | (800,000) | |
| (Loss) on disposal on investment properties | (83,664) | ||
| Gains/(Iosses) on listed investment assets | 9d | (6,451,742) | 3,901,518 |
| Net (loss) | (18,519,961) | (2,907,648) | |
| Other recognised gains | |||
| Fairvalue movement on derivative contracts | 1,148,056 | 2,254,124 | |
| Actuarial gains/(losses) on defined benefit pension scheme | (95,000) | 126,000 | |
| Net movement in funds | (17,466,905) | (527,524) | |
| Reconciliation offunds | |||
| Total funds brought forward at 1 April 2022 | 104,423,795 | 104,951,319 | |
| Total funds carried forward at 31 March 2023 | £ 86,956,890 | £104423.795 |
| 31 MARCH 2023 | 31 MARCH 2023 | ||||
|---|---|---|---|---|---|
| Group | Charity | ||||
| Notes | 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible assets | 8 | 525,000 | 501,331 | 525,000 | 501,331 |
| Investments | |||||
| - Investment properties | 9a | 5,975,000 | 8,545,358 | 5,975,000 | 8,545,358 |
| - Investments in subsidiaries | 9b | - | - | 20,440,264 | 20,440,264 |
| - Programme related | |||||
| investments | 9c | 6,645,508 | 8,545,822 | 6,639,008 | 8,539,322 |
| - Listed Investments | 9d | 52,958,770 | 84,362,204 | 52,958,770 | 84,362,204 |
| 66,104,278 | 101,954,715 | 86,538,042 | 122,388,479 | ||
| CURRENTASSETS | |||||
| Programme related | |||||
| investments | 9c | 50,000 | 50,000 | 50,000 | 50,000 |
| Assets held forsale | 9e | - | 3,737,900 | - | 3,737,900 |
| Debtors | 11 | 4,403,728 | 670,230 | 4,403,728 | 670,230 |
| Cash at bank and in hand | 10 | 21,905,614 | 6,494,591 | 21,902,281 | 6,491,258 |
| 26,359,342 | 10,952,721 | 26,356,009 | 10,949,388 | ||
| CREDITORS: Amounts | |||||
| falling due within one year | 12 | (4,108,018) | (4,785,539) | (24,538,449) | (25,215,970) |
| NET CURRENT ASSETS! | |||||
| (LIABILITIES) | 22,251,324 | 6,167,182 | 1,817,560 | (14,266,582) | |
| TOTAL ASSETS LESS | |||||
| CURRENT LIABILITIES | 88,355,602 | 108,121,897 | 88,355,602 | 108,121,897 | |
| CREDITORS: Amounts | |||||
| falling due after morethan | |||||
| oneyear | 13 | (920,711) | (3,214,101) | (920,711) | (3,214,101) |
| Netassets excluding | £87,434,891 | £104,907,796 | £87,434,891 | £104,907,796 | |
| pension liability | |||||
| Pension Liability | 15 | (478,001) | (484,001) | (478,001) | (484,001) |
| NETASSETS | £ 86,956,890 | £104423,795 | £ 86,956,890 | £104,423. 795 | |
| UNRESTRICTED FUNDS | |||||
| Income and expenditure | 14 | 85,826,177 | 92,501,179 | 70,773,175 | 77,448,177 |
| Fairvalue reserve | 14 | 1,130,713 | 11,922,616 | 16,183,715 | 26,975,618 |
| £86,956,890 | £104423795 | £ 86,956,890 | £104,423.795 |
| GRANTS PAYABLE IN THE FURTHERANCE | OF CHARITY OBJECTIVES | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Organisations | 12,646,501 | 7,433,235 |
| Allocated overheads (note 5) | 395,194 | - |
| 13,041,695 | 7.433.235 |
| TOTAL EXPENDITURE | ||||||||
|---|---|---|---|---|---|---|---|---|
| Staff | Other | Depreciation | 2023 | 2022 | ||||
| Costs | costs | Total | Total | |||||
| £ | £ | £ | £ | £ | ||||
| Expenditure on: | ||||||||
| Property operating costs | 273,385 | 168,443 | 16,663 | 458,491 | 513,208 | |||
| Loan interest and bank | ||||||||
| charges | - | 426,625 | - | 426,625 | 948,022 | |||
| Investment management | ||||||||
| fees and costs | - | 151,239 | - | 151,239 | 295,740 | |||
| 273,385 | 746,307 | 16,663 | 1,036,355 | 1,756,970 | ||||
| Charitable activities | ||||||||
| Grant making costs | 418,621 | 13,041,695 | - | 13,460,316 | 7,753,286 | |||
| (note 4) | ||||||||
| Support costs | 162,322 | 84,150 | - | 246,472 | 264,374 | |||
| Impairment of social | ||||||||
| investment | - | 211,194 | - | 211,194 | ||||
| 580,943 | 13,337,039 | - | 13,917,982 | 8,017,660 | ||||
| Total expenditure | £ | 854,328 | £14,083,346 | £ | 16,663 | £14,954,337 | £ 9.774,630 | |
| Included within other costs | are | governance | costs of£30,925 | (2022: | £29,925). |
| ET INCOME | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| This isstated after charging: | |||
| Group auditors’ remuneration | -Auditfees: | ||
| - relating to parent company | 30,925 | 26,750 | |
| - relating to corporation tax | - | 1,000 | |
| Depreciation oftangible fixed | assets | 16,663 | 16. 156 |
| Group | Group | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| £ | £ | ||||||||
| Wages and salaries | 726,993 | 555,313 | |||||||
| Social security | costs | 85,167 | 70,299 | ||||||
| Other pension |
costs | (includes | FR5102 | defined | benefit | ||||
| pension movement) | 42,168 | 62,725 | |||||||
| £ | 854,328 | £ | 688337 |
| lows: | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Number | Number | ||
| 8 | 7 |
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| £90,000 | -100,000 | 1 | |
| £100,000 | -E110,000 | 2 | |
| £110,000 | -E120,000 | 1 | |
| £140,000 | -150,000 | I | |
| £220,000 | -f230,000 | I | I |
| £230,000 | - £240,000 |
| Group and charity | |||||
|---|---|---|---|---|---|
| Land & | Other | ||||
| Buildings | equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 1 April2022 | 485,000 | 100,317 | 585,317 | ||
| Additions | - | 332 | 332 | ||
| Disposals | - | - | - | ||
| Revaluation | 40,000 | - | 40,000 | ||
| At31 March2023 | 525,000 | 100,649 | 625,649 | ||
| Depreciation | |||||
| At 1 April 2022 | - | 83,986 | 83,986 | ||
| Chargefortheyear | - | 16,663 | 16,663 | ||
| Revaluation adjustment | - | - | - | ||
| Disposals | - | - | - | ||
| At31 March2023 | - | 100,649 | 100,649 | ||
| Net book value | |||||
| At 31 March 2023 | £ 525,000 | £ | - | £ | 525,000 |
| At 31 March 2022 | £ 485.000 | £ | 16,331 | £ | 501.331 |
| fwhich have been c | onsolidated into these financial | statements. | |
|---|---|---|---|
| Name | Type of business | Aggregate ofshare | Profit/(loss) |
| capital and reserves | |||
| £ | £ | ||
| ACG Rented | Former Basepoint | ||
| Properties Plc* | holding company, not | 20,440,264 | - |
| trading |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| Dame Hannah Rogers Trust | 250,000 | 350,000 | 250,000 | 350,000 | |
| Exeter Royal Academy Loan | 500,000 | 500,000 | 500,000 | 500,000 | |
| Otterbourne Hill property | 2,019,016 | 2,019,016 | 2,019,016 | 2,019,016 | |
| Launchpad Reading property | - | 331,974 | - | 331,974 | |
| Brazilian Investment | 951,492 | 1,162,686 | 944,992 | 1,156,186 | |
| Hayes Avenue property | - | 545,378 | - | 545,378 | |
| Dame Hannah Rogers Trust | 2,925,000 | 2,925,000 | 2,925,000 | 2,925,000 | |
| Blyth property | 78,651 | - | 78,651 | ||
| Bell Vue Crescent property | 633,117 | 633, 117 | |||
| 6,645,508 | 8,545,822 | 6,639,008 | 8,539,322 | ||
| CurrentAssets | |||||
| Dame Hannah Rogers Trust | 50,000 | 50,000 | 50,000 | 50,000 | |
| Total programme | |||||
| related investments | £ 6,695,508 | £ | 8.595.822 | £ 6,689,008 | £ 8.589,322 |
| ISTED INVESTMENTS | ||
|---|---|---|
| Group and Charity | ||
| 2023 | 2022 | |
| £ | £ | |
| Investments of 1 April 2022 | 83,819,307 | 84,564,496 |
| Additions | 42,305,432 | 7,870,081 |
| Disposals | (67,158,803) | (12,516,788) |
| Revaluations | (6,451,742) | 3,901,518 |
| Market value at 31 March 2023 | 52,514,194 | 83,819,307 |
| Cash held with investment manager | 31,767 | 542,897 |
| Accrued investment interest | 412,809 | - |
| 52,958,770 | 84.362,204 |
| 52,958,770 84.362,204 |
52,958,770 84.362,204 |
52,958,770 84.362,204 |
|---|---|---|
| Atthe year end the following investments represented more than 5% ofthe total investments: | ||
| Charities Properties Fund | 0% | 10% |
| CCLA Charities Ethical Investment Fund | 13% | 9% |
| CCLA Charities Global Equity Income | 15% | 9% |
| Sarasin & Partners Climate Active Fund | 0% | 4% |
| Sarasin Income and Reserves Fund | 0% | 6% |
| Investments comprise: | |||
|---|---|---|---|
| Group and Charity | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Fixed interest stocks | 38,150,889 | 7,214,380 | |
| Property funds | - | 9,040,557 | |
| Equity investments | 14,776,114 | 67,564,370 | |
| Fixed term deposits and cash held | 31,767 | 542,897 | |
| 52,958,770 | 84.362.204 | ||
| 9e. | ASSETS HELD FOR SALE | ||
| Group and Charity | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Assets held for sale at 1 April 2022 | 3,737,900 | - | |
| Assets sold in the year | (3,737,900) | ||
| Investment properties transferred to held forsale | - | 3,755,000 | |
| Impairment on estimated costs to sell | (17,100) | ||
| Assets held forsale at 31 March 2023 | 3.737,900 |
| ASH | AT | BAN | K A | N | D IN HAND | ||||
|---|---|---|---|---|---|---|---|---|---|
| Group | Charity | ||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||
| £ | £ | £ | £ | ||||||
| Cash | at | bank | and | in | hand | 21.905,614 | 6,494.591 | 21,902,281 | 6.491.258 |
| DEBTORS | |||
|---|---|---|---|
| Group and Charity | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | 4,577 | 84,823 | |
| Otherdebtors | 4,155,507 | 576,830 | |
| Prepayments and accrued income | 243,644 | 8,577 | |
| £ 4,403,728 | £ | 670,230 |
| REDITORS: Amounts fallin | g due | within one year | within one year | |||
|---|---|---|---|---|---|---|
| Group | Charity | |||||
| 2023 | 2022 | 2023 | 2022 | |||
| £ | £ | £ | £ | |||
| Trade creditors | 15,176 | 23,570 | 15,176 | 23,570 | ||
| Amounts owed to group | ||||||
| undertakings | - | - | 20,430,431 | 20,430,431 | ||
| Othertaxes and social | ||||||
| security | 24,124 | 59,724 | 24,124 | 59,724 | ||
| Other creditors | 15,312 | 77,851 | 15,312 | 77,851 | ||
| Grants payable | 3,778,254 | 4,412,154 | 3,778,254 | 4,412,154 | ||
| Accruals and deferred | ||||||
| income | 275,152 | 212,240 | 275,152 | 212,240 | ||
| £ | 4,108,018 | £ | 4,785.539 | £24,538,449 | £25,215,970 |
| REDITORS: Amounts falling due after mo | re than one year | ||
|---|---|---|---|
| Group and | Charity | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Derivative contract | 534,245 | 3,174,101 | |
| Grants payable | 386,466 | 40,000 | |
| £ | 920,711 | £3,214, 101 |
| Group 2023 | |||
|---|---|---|---|
| Income and | |||
| expenditure | Fairvalue | ||
| account | reserve | Total | |
| £ | £ | £ | |
| Reserve balances brought forward | 92,501,179 | 11,922,616 | 104,423,795 |
| Net expenditure | (11,159,555) | (11159,555) | |
| (Loss) on listed investments | (6,451,742) | (6,451,742) | |
| (Loss) on investment properties | (825,000) | (825,000) | |
| (Loss) on disposal on investment properties | (83,664) | (83,664) | |
| Re-measurement of pension liability | (95,000) | (95,000) | |
| Hedging transferfrom prioryear | 3,431,497 | (3,431,497) | |
| Fairvalue movement on derivative contracts | 1,148,056 | 1,148,056 | |
| Reserve balances carried forward | 85,826,177 | I ,130,713 | 86,956,890 |
| harity 2023 | |||
|---|---|---|---|
| Income and | |||
| expenditure | Fairvalue | ||
| account | reserve | Total | |
| £ | £ | £ | |
| Reserve balances brought forward | 77,448,177 | 26,975,618 | 104,423,795 |
| Net expenditure | (11,159,555) | (11,159,555) | |
| Gain on listed investments | (6,451,742) | (6,451,742) | |
| Gain/(Ioss) on investment properties | (825,000) | (825,000) | |
| (Loss) on disposal on investment properties | (83,664) | (83,664) | |
| Re-measurement of pension liability | (95,000) | (95,000) | |
| Hedging transferfrom previous year | 3,431,497 | (3,431,497 | |
| Fairvalue movement on derivative contracts | 1,148,056 | 1,148,056 | |
| Reserve balances carried forward | 70,773,175 | 16,183,715 | 86,956,890 |
| roup 2022 | |||
|---|---|---|---|
| Income and | |||
| expenditure | Fairvalue | ||
| account | reserve | Total | |
| £ | £ | £ | |
| Reservebalances broughtforward | 98,384,345 | 6,566,974 | 104,951,319 |
| Netexpenditure | (6,009, 166) | - | (6,009,166) |
| Gain on listedinvestments | 3,901,518 | 3,901,518 | |
| Gain/(loss) on investmentproperties | (800,000) | (800,000) | |
| Re-measurementofpension liability | 126,000 | - | 126,000 |
| Fairvalue movementon derivative contracts | 2,254,124 | 2,254, 124 | |
| Reserve balances carriedforward | 92,501,179 | 11,922.616 | 104,423,795 |
| harity2022 | |||
|---|---|---|---|
| Income and | |||
| expenditure | Fairvalue | ||
| account | reserve | Total | |
| £ | £ | £ | |
| Reserve balances broughtforward | 83,331,343 | 21,619,976 | 104,951,319 |
| Netexpenditure | (6,009, 166) | - | (6,009, 166) |
| Gain on listedinvestments | - | 3,901,518 | 3,901,518 |
| Gain/(loss) on investment properties | - | (800,000) | (800,000) |
| Re-measurementofpension liability | 126,000 | - | 126,000 |
| Fairvalue movementon derivative contracts | 2,254, 124 | 2,254, 124 | |
| Reserve balances carriedforward | 77.448.177 | 26.975,618 | 104.423,795 |
| airvalue of plan assets, presentvalue ofdefined bene sset (liability) |
fit obligation, and defin | ed benefit |
|---|---|---|
| 31 March | 31 March | |
| 2023 | 2022 | |
| £‘OOO | £‘OOQ | |
| Fair value of plan assets | 2,034 | 2,977 |
| Present value ofdefined benefit obligation | (2512) | (3,461) |
| Surplus (deficit) in plan | (478) | (484) |
| Defined benefitasset (liability) to be recognised | (478) | (484) |
| econciliation ofopening and closing balances ofthe defi | ned benefit obligati | on |
|---|---|---|
| Period from | Periodfrom | |
| 31 March | 31 March | |
| 2022 to 31 | 2021 to 31 | |
| March 2023 | March 2022 | |
| £‘OOO | £‘OOO | |
| Defined benefit obligation at start of period | 3,461 | 3,586 |
| Current service cost | 23 | 47 |
| Expenses | 3 | 3 |
| Interest expense | 96 | 77 |
| Member contributions | 42 | 27 |
| Actuarial losses/(gains) due to scheme experience | 1 | 143 |
| Actuarial losses/(gains) due to changes in financial | (1,031) | (291) |
| assumptions | ||
| Actuarial losses/(gains) due to changes in demographic | (6) | (57) |
| assumptions | ||
| Benefits paid and expenses | (77) | (74) |
| Defined benefit obligation at end of period | 2512 | 3461 |
| econciliation ofopening and closing balances ofthefair | valu | e of plan assets | |
|---|---|---|---|
| Period from | Periodfrom | ||
| 31 March | 31 March | ||
| 2022 to 31 | 2021 to 31 | ||
| March 2023 | March 2022 | ||
| £‘OOO | £‘OOO | ||
| Fair value of plan assets at start ofperiod | 2,977 | 2,933 | |
| Interest income | 84 | 64 | |
| Experience on plan assets (excluding amounts included | in | ||
| interest income) — gain/(loss) |
(1,131) | (79) | |
| Employer contributions | 139 | 106 | |
| Membercontributions | 42 | 27 | |
| Benefits paid and expenses | (77) | (74) | |
| Fair value of plan assets at end of period | 2,034 | 2,977 |
| ssets | ||
|---|---|---|
| 31 March | 31 March | |
| 2023 | 2022 | |
| £‘OOO | £‘OQQ | |
| Global Equity | 38 | 571 |
| Absolute Return | 22 | 119 |
| Distressed opportunities | 62 | 107 |
| Credit relative value | 77 | 99 |
| Alternative risk premia | 4 | 98 |
| Emerging market debt | 11 | 87 |
| Risk sharing | 150 | 98 |
| Insurance linked security | 51 | 69 |
| Property | 88 | 80 |
| Infrastructure | 232 | 212 |
| Private debt | 90 | 76 |
| Opportunistic Illiquid credit | 87 | 100 |
| High yield | 7 | 26 |
| Opportunistic Credit | 11 | |
| Cash | 15 | 10 |
| Corporate bond fund | - | 199 |
| Long lease property | 61 | 77 |
| Secured income | 93 | 111 |
| Liability driven investment | 937 | 831 |
| Currency Hedging | 4 | (12) |
| Net current assets | 5 | 8 |
| Total assets | 2,034 | 2,977 |
| Key Assumptions | ||
|---|---|---|
| 31 March | 31 March | |
| 2023 | 2022 | |
| % perannum | %perannum | |
| Discount rate | 4.78 | 2.79 |
| Inflation (RPI) | 3.19 | 359 |
| Inflation (CPI) | 2.75 | 3.20 |
| Salary growth | 3.75 | 4.20 |
| Allowed for commutation of pension for cash | 75% of | 75% of |
| at retirement | maximum | maximum |
| allowed | allowed |
| he mortality assumptions adopted at 31 Mar | ch 2023 imply the following life expec | tancies | |
|---|---|---|---|
| Life | Life | ||
| expectancy | expectancy | ||
| atage6o | atage | 60 | |
| (Years) | (Years) | ||
| Male retiring in 2023 | 21.0 | 21.1 | |
| Female retiring in 2023 | 23.4 | 23.7 | |
| Male retiring in 2043 | 22.2 | 22.4 | |
| Female retiring in 2043 | 24.9 | 25.2 |
| CTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Net movement in funds | (17,466,905) | (527,524) |
| Depreciation | 16,663 | 16,156 |
| Investment income | (2,129,208) | (2,247,578) |
| Interest paid | 426,625 | 948,022 |
| Net (gain)/loss on investments | 6,451,742 | (3,901,518) |
| Revaluation on investment properties and fixed assets | 825,000 | 800,000 |
| Impairment ofsocial investments | 211,194 | - |
| Impairment loss relating to estimate sales costs | 30,358 | 17,100 |
| (Profit)/Ioss on sale of property, plant and equipment | - | (34,660) |
| (Profit) on derivative settlement | (380,348) | |
| Loss on sale of investment properties | 83,664 | - |
| Gifted social investments | 1,589,120 | - |
| Pension movement | (6,000) | - |
| Decrease in debtors | (4,146,307) | (37,941) |
| Decrease in creditors | (1,479,111) | (358,351) |
| Net cash provided byl (used in) operating activities | £(15,973513 | £(5,326,294) |
| TRUSTEE REMUNERATION AND BENEFITS | TRUSTEE REMUNERATION AND BENEFITS | TRUSTEE REMUNERATION AND BENEFITS |
|---|---|---|
| During the yearthe following amounts have been paid to Trustees in their operational capacities. | ||
| 2023 | 2022 | |
| £ | £ | |
| Denis Taylor (Executive Trustee): | ||
| Remuneration | 229,348 | 225.749 |
| Christine Erwood: | ||
| Remuneration | 30,000 | 7,500 |
| Victoria Hoskins (ExecutiveTrustee) | 143,705 |
| FINANCIAL INSTRUMENTS | ||
|---|---|---|
| Group | ||
| 2023 | 2022 | |
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fairvalue through the | ||
| Statement of Financial Activities | 58,933,770 | 92.907.561 |
| Financial liabilities | ||
| Financial liabilities measured at fairvalue through the | ||
| Statement of Financial Activities | (534,245) | 3,174, 101 |
| Charity | ||
| 2023 | 2022 | |
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fairvalue through the | ||
| Statement of Financial Activities | 58,933,770 | 92,907,561 |
| Financial liabilities | ||
| Financial liabilities measured at fairvalue through the | ||
| Statement of Financial Activities | (534,245) | 3.174,101 |
| Group | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Not laterthan 1 year | 817,539 | 1,250,051 |
| Laterthan 1 yearand not laterthan 5 years | 2,482,112 | 3,401,194 |
| Laterthan 5 years | 6,623,569 | 14,715,707 |
| 9,923,220 | 19,366,952 | |
| Charity | ||
| 2023 | 2022 | |
| £ | £ | |
| Not laterthan 1 year | 817,539 | 1,250,051 |
| Laterthan 1 year and not laterthan 5 years | 2,482,112 | 3,401,194 |
| Laterthan 5 years | 6,623,569 | 14,715,707 |
| 9,923,220 | 19.366.952 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Organisati0flS | ||
| 4Sight Vision Support | 25,000 | - |
| AWayOut | 16,000 | |
| ABF The Soldiers’ Charity | 250,000 | 25,000 |
| Afghanistan and Central Asian Association | 10,000 | - |
| Age Concern North Norfolk | - | 10,000 |
| Age Exchange | 25,000 | |
| Age UK Norwich | 25,000 | |
| Age UK Plymouth | 19,000 | - |
| Age Well east Ltd | 10,000 | - |
| Alice (Relief of Poverty and Advancement of Community) | 25,000 | |
| Alive Activities Ltd | 25,000 | - |
| Allsorts Gloucestershire | 10,000 | |
| Ambitious aboutAutism | - | 10,000 |
| Amy and Friends | - | 10,000 |
| Applecast | 125,000 | 25,000 |
| Ashford Volunteer Centre | 10,000 | - |
| Ashgate Hospice | 20,000 | - |
| Aspens Charities | 25,000 | - |
| Autism Early Support Trust Ltd | 23,576 | - |
| Autistic society Greater Manchesterarea (ASGMA) | 10,000 | - |
| Back on Track Manchester | 10,000 | - |
| Batten Disease FamilyAssociation | 10,000 | - |
| Beat Routes | 24,000 | - |
| Benrigg Trust | 25,000 | - |
| Blind in Business | 10,000 | 10,000 |
| Blue Smile Project T/A Blue Smile | 10,000 | - |
| Blyth Star Enterprises | 328,651 | - |
| Brain Injury Matters (NI) | 25,000 | - |
| Brainturust | 25,000 | - |
| Breakthrough UK | 10,000 | - |
| Brendoncare Clubs | 25,000 | 10,000 |
| Bridge Care | - | 25,000 |
| Bridgend Carers Centre | 25,000 | - |
| Brighton Therapy Centre | 10,000 | - |
| Bromley & Croydon Women’s Aid | 10,000 | - |
| Bromley Brighter Beginnings | 10,000 | - |
| Buddy BearTrust | - | 250,000 |
| BUILD Charity Ltd | - | 10,000 |
| ButtleUK | - | 250,000 |
| BuzzerBuses (Dial-a-Ride) Ltd | - | 10,000 |
| Camphill MK Communities | 100,000 | - |
| CancerCampaign in Suffolk | 10,000 | 10,000 |
| Cancer Help (Preston) Ltd | 10,000 | - |
| CancerSupport Scotland (Tak Tent) | 10,000 | |
|---|---|---|
| Care in Mind | 10,000 | |
| Caring Hands | 10,000 | - |
| CaritasAnchor House | - | 25,000 |
| Carlisle Youth Zone | 25,000 | - |
| Cerebral Palsy International Sports and Recreation Association (CPISRA) |
- | 10 000 |
| Cerebral Palsy Scotland | - | 10,000 |
| Challengers | 25,000 | - |
| Checkin Works | 10,000 | |
| CHEXS | - | 18,872 |
| Children Ahead Ltd | 10,000 | |
| Children Today Charitable Trust | - | 10,000 |
| Chilterns MS Centre | 25,000 | - |
| CLAPA — Cleft Lip & Palate Association |
10,000 | - |
| Community Drug and Alcohol Recovery Services | 10,000 | - |
| Clydesdale Community Initiatives | ||
| Community Drug and Alcohol Recovery Services | 12,000 | |
| Connects &Co | - | 10,000 |
| Cope Children’s Trust (known as rainbows Hospice for Children and Young People |
10 000 ‘ |
- |
| Coping with Cancel North East | 10,000 | - |
| CPotential | - | 25,000 |
| Crossroads Barnsley Ltd | 10,000 | |
| Crossroads North Argyll | 10,000 | |
| Croydon VoluntaryAssociation forthe Blind (Aka Croydon Vision) | 25,000 | - |
| CVYP Ltd Cramlington Voluntary Youth Project | 10,000 | - |
| Daylight Centre Fellowship | 10,000 | - |
| Dean and Cauvin Young People’s Trust | 10,000 | - |
| Demelza Hospice Care for Children | 38,000 | |
| Derbyshire Carers Association | 10,000 | |
| Designability Charity Ltd | 50,000 | - |
| Disability Sports Coach | 15,000 | - |
| DisablementAssociation of Barking & Dagenham (DABD) | 10,000 | |
| Discover U | 10,000 | |
| East Northamptonshire Faith Group | 10,000 | |
| ECHO for Extra Choices in Herefordshire Limited | 10,000 | - |
| Electric Umbrella | 10,000 | - |
| ELHAP | 25,000 | - |
| Emmaus North East | 18,000 | - |
| Empowering Futures | 10,000 | - |
| EnableAbility | 16,974 | - |
| Equi-Power Central Scotland RDA | 10,000 | |
| ESTEEM | - | 25,000 |
| Evergreen Care UK | 10,000 | - |
| Extratime | 25,000 | - |
| Families in Focus (Essex) | 10,000 | - |
| Families United Network | 10,000 | |
| Family Friends | 10,000 | - |
| Family Fund | - | 1,025,000 |
|---|---|---|
| Family Support Derbyshire | - | 20,000 |
| Florence Nightingale Aid in Sickness Trust | - | 250,000 |
| Friends oftheAward (Edinburgh and the Lothians) | 10,000 | - |
| Friends ofthe Elderly | 1,000,000 | |
| GASP Motor Project | 10,000 | |
| Give a Dog a Bone.., and an animal a home | - | 10,000 |
| Giving World | 25,000 | 25,000 |
| Glebe House (Charnwood) Ltd | 10,000 | - |
| Goals Beyond Grass | 10,000 | |
| Grampian Autistic Society | 10,000 | |
| Greenock Medical Aid Society | 10,000 | |
| Growing Works | 10,000 | - |
| Hackney Caribbean Elderley Organiation | 10,000 | |
| Halo Children’s Foundation | - | 10,000 |
| Harlow Stroke Support-Rehab Centre | - | 12,000 |
| HarrowAssociation of Disabled People | 10,000 | |
| Headliners (UK) | 24,831 | |
| Headway Bath and District | 10,000 | - |
| Headway Hertfordshire Limited | 15,000 | - |
| Headway Norolk & Waveney | 20,000 | - |
| Headway Norfolk&Waveney Ltd | - | 10,000 |
| Headway Suffolk | 25,000 | - |
| Healthy Living Projects Ltd | 10,000 | - |
| Heartbeat North West Cardiac Care | 10,000 | |
| Heel & Toe Children’s Charity | 15,000 | |
| Helen & Douglas House | 20,000 | - |
| Helping Older People New Forest | 10,000 | - |
| Home-Start Clackmannanshire | - | 10,000 |
| Home-Start High Peak | 10,000 | |
| Home-Start Portsmouth | 10,000 | 10,000 |
| Home-Start Wessex (Formerly known as Home-Start South East Dorset) | 10,000 | - |
| Hope forTomorrow | 10,000 | - |
| Hope House Children’s Hospice | 20,000 | - |
| Hope Support Services | 10,000 | |
| HopScotch Children’s Charity | - | 23,206 |
| Horizon Sports Club | 15,000 | - |
| HOUR Community | 10,000 | |
| Illuminate Charity | 10,000 | |
| Independence at Home | 1,000,000 | |
| Insight — Counselling Coaching And Support Services |
25,000 | - |
| Interest Link Borders | 10,000 | - |
| It’s Your Life | 10,000 | - |
| Jeremiahs Journey | 10,000 | - |
| Kangaroos Mid Sussex | - | 10,000 |
| Katharine House Hospice | 18,000 | |
| Katherine Low Settlement | 25,000 | - |
| KEEN London | 16,000 | - |
| Kent Multiple Sclerosis therapy Centre | 25,000 | - |
| Key Changes Music Therapy | - | 15,000 |
| Kingston Carers’ Network | - | 25,000 |
| Kool Carers South East Ltd | 10,000 | - |
|---|---|---|
| Lagan’s Foundation | 20,000 | - |
| L’Arche | - | 10,000 |
| Launchpad Reading | 31,974 | - |
| Leo’s | 10,000 | |
| Lifecentre | - | 20,000 |
| Lifelites | - | 250,000 |
| Lindengate | 10,000 | - |
| LinkAble Woking Limited | 25,000 | - |
| Little Gate Farm | - | 20,000 |
| Little Miracles Charitable Incorporated Organisation | 24,272 | |
| Littlelifts | 10,000 | - |
| Longfield Hospice Care | - | 15,000 |
| Macmillan Caring Locally | - | 10,000 |
| Magic Me | 10,000 | - |
| Making a Differenceto Maidstone | 10,000 | - |
| Manchester Carers Centre | 10,000 | - |
| Marches Family Network | 20,000 | - |
| Martlets Hospice | 150,000 | - |
| Maytree Respite Care | 100,000 | - |
| Megan Baker House Ltd | 25,000 | |
| Meningitis Research Foundation | - | 10,000 |
| Merlin MS Centre | 25,000 | |
| Merton CommunityTransport | 10,000 | - |
| Merton Mencap | 10,000 | - |
| MhIST | 10,000 | |
| MiddlesexAssociation forthe Blind | 25,000 | |
| Mind in Harrowgate District | 10,000 | - |
| Mind in Mid Herts | 25,000 | - |
| Minstead Trust | 100,000 | - |
| Mosaic — supporting Bereaved Children |
24,889 | - |
| MS-UK | 10,000 | - |
| Multiple Sclerosis Therapy Centre Lothian (trading as Compass. Therapy. Support. Community) |
25 000 ‘ |
- |
| Music of Life | 15,000 | - |
| Musical Keys | 10,000 | 10,000 |
| MYTIME Young Carers | 25,000 | - |
| NarthexSparkhill | - | 10,000 |
| National Star Foundation | 399,388 | - |
| Neuro Therapy Centre (NTC) | 25,000 | - |
| Neuro Wellbeing Centre | 20,000 | - |
| New Forest disability Information Service | 10,000 | - |
| NewentAssociation forthe Disabled | 10,000 | - |
| Newlife The Charity for Disabled Children | - | 25,000 |
| No5Young People | - | 25,000 |
| Noah’s Ark Children’s Hospice | 100,000 | - |
| North Norfolk Community Transport | 10,000 | 10,000 |
| North Yorkshire Music Therapy Centre | 10,000 | - |
| Oakleaf Enterprise | 20,000 | 25,000 |
| Oasis Lords Hill (Running name Southampton City Farm) | - | 10,000 |
| DOD Action | 10,000 | - |
|---|---|---|
| OCD-UK | 14,000 | - |
| Omega the National Association for End of Life Care | 15,000 | - |
| One Small thing | 250,000 | - |
| Open Door Exmouth | 20,000 | 10,000 |
| Open Story Tellers | 10,000 | - |
| Our Time | 10,000 | - |
| Ouseburn Farm Charity Limited | 10,000 | - |
| Oxfordshire Sexual Abuse and Rape Crisis Centre | 25,000 | |
| Parkinsons UK | 10,000 | |
| Paul’s Cancer Support | 10,000 | - |
| Penzance and West Penwith Old Peoples Welfare Trust | 10,000 | - |
| People First Merseyside Company Limited | 10,000 | |
| Phab Ltd | - | 15,000 |
| PKAVS Mental Health & Wellbeing Hub | 25,000 | |
| Playskill | 10,000 | - |
| Poetsin —the Creative Mental Health Charity |
10,000 | - |
| PramaLife | 10,000 | - |
| PrincessAlice Hospice | 13,000 | - |
| Proton Foundation | 10,000 | - |
| Purple Insight 1628 | 25,000 | |
| Purple Patch Arts | 25,000 | |
| Radford Care Group | 10,000 | - |
| Rainbow Living SW | 25,000 | - |
| Rainbow Trust Children’s Charity | - | 10,000 |
| RAWWorkshop | - | 10,000 |
| Reach Learning Disability | - | 50,000 |
| Reading Rep Theatre | 10,000 | - |
| Regenerate | 20,000 | - |
| Relate West Surrey | 10,000 | - |
| Revitalise | 250,000 | - |
| Royal Humbestone Ltd | 25,000 | - |
| Royal Air ForcesAssociation | 20,000 | |
| SHE. UK (Supporting, Educating, Healing) | 10,000 | - |
| SAFA Cumbria | 10,000 | - |
| Safe New Futures | 25,000 | - |
| Safely Net (UK) | 10,000 | - |
| Scarborough and District Mencap | 10,000 | - |
| Sea Sanctuary | 40,000 | - |
| Sebastian’s Action Trust | 1,000,000 | 100,000 |
| Second Change Childrens Charity | 25,000 | - |
| Shine East Norfolk | 10,000 | - |
| Skills for People | 10,000 | - |
| Skylarks Charity | 10,000 | - |
| Slough Community Transport | 10,000 | - |
| SNAAP (Special Needs Advisory & Activities Projects) | 10,000 | - |
| Social Link | 10,000 | - |
| SOS’ Special Educational Needs | 12,000 | - |
| South Essex advocacy Services | 10,000 | - |
| SPACE | 10,000 | - |
| Sparkle (South Wales) | 25,000 | - |
|---|---|---|
| SPEAK WITH IT | 10,000 | - |
| SPEAR London | - | 10,000 |
| Sport4LifeUK | - | 15,000 |
| STAnn’s Hospice | 500,000 | - |
| St Helens Carers Centre | 13,500 | - |
| St Luke’s Hospital | 15,000 | - |
| St Margaret’s Centre | 10,000 | - |
| St Mary’s Church, Bourne Street | - | 50,000 |
| St Mary’s Secret Garden | 10,000 | |
| Stepney Bank Stables | 10,000 | - |
| Stockdales of Sale. Antricham & District Ltd | 15,000 | - |
| Street Connect | 10,000 | - |
| Strength and Learning Through Horses | 10,000 | - |
| Stroud Court Community Trust | - | 25,000 |
| Stuart Low Trust | 12,000 | |
| Sudbury Neighbourhood Centre (Middlesex) Ltd | 20,000 | - |
| Sunshine Wishes Children’s Charity | - | 10,000 |
| Sutton Vision | 10,000 | - |
| Swindon Carers Cente | 10,000 | - |
| Swings & Smiles | 10,000 | - |
| Sydenham Garden | 10,000 | - |
| Tailor Ed Foundation | 10,000 | - |
| TalithaArts | 20,000 | - |
| Team Oasis | 10,000 | - |
| Thames Hospice | 146,000 | |
| The Anthony Seddon Fund | 10,000 | - |
| The Archway Foundation | 20,000 | |
| The Association forthe Rehabilitation ofCommunication and Oral Skills (ARCOS) |
- | 15,000 |
| The Blackthorn Trust | - | 25,000 |
| The Bodie Hodges Foundation | 50,000 | |
| The Brain and Spine Foundation | 25,000 | |
| The Brendoncare Foundation | 25,000 | |
| The Bridge Foundation | 12,000 | - |
| The Carers Centre | 10,000 | - |
| The Chamwell Centre Charity | 25,000 | - |
| The east towest Trust | 20,000 | 13,000 |
| The Eric Liddell Centre | 15,000 | |
| The Eric Liddell Community | 20,000 | - |
| The Garwood Foundation | 250,000 | - |
| The Gellideg Foundation Group | 10,000 | - |
| The Grace Eyre Foundation | 100,000 | - |
| The Green Team (Edinburgh and Lothians) Limited | 10,000 | - |
| The Greenbank Project | - | |
| The Helpful Bureau | - | 10,000 |
| The Hextol Foundation | - | 10,000 |
| The Joshua tree | 10,000 | - |
| The Jubilee House Care Trust | 13,000 | - |
| The Kepplewray Trust | 10,000 | - |
| The Kids Network | 10,000 | - |
|---|---|---|
| The Life Project (Bath) | 10,000 | |
| The Living Paintings Trust | 10,000 | 14,500 |
| The Living Room | - | 10,000 |
| The Manchester DeafCentre | 10,000 | - |
| The Markfield Project Limited | 10,000 | |
| The Mary Stevens Hospice | 20,000 | |
| The Meath Epilepsy Charity | 25,000 | |
| The Mortimer Society | 25,000 | - |
| The Mount Camphill Community Limited | - | 10,000 |
| The Movement Centre forTargeted Training | 15,000 | - |
| The Mulberry Centre | 10,000 | - |
| The Mustard Tree Foundation (Engage) | 10,000 | - |
| The NeuromuscularCentre | 10,000 | - |
| The Open Theatre Company | 10,000 | |
| The People Hive | - | 10,000 |
| The Peter Pan Centre for Children with Special Needs | - | 20,000 |
| The Principle Trust Children’s Charity | 10,000 | - |
| The Rainbow Centre | - | 10,000 |
| The Road to Recovery Trust | 12,000 | |
| The Rose Road Association | 1,000,000 | 21,282 |
| The Sara Lee Trust | 25,000 | - |
| The Shallowford Trust | 25,000 | |
| The Southmead Project | 10,000 | - |
| The Speedwell Trust | 25,000 | |
| The Spring Centre | 10,000 | - |
| The Stable Family Home Trust | 1,178,495 | - |
| The Stuart Low Trust | 10,000 | - |
| The Thomley Hall Centre Limited (Thomley) | 25,000 | - |
| The Vine Centre | 10,000 | - |
| The West of England MS Therapy Centre | 15,000 | - |
| Time Out Group (North West) | 10,000 | - |
| Time to Talk Befriending | 10,000 | - |
| Together Collective | 25,000 | - |
| Together Dementia Support | 10,000 | - |
| Torch Trustforthe Blind | 10,000 | - |
| Toucan Employment | 10,000 | - |
| Town Break SCIOI | 25,000 | - |
| Trauma Breakthrough | - | 22,775 |
| Treetops HospiceTrust | - | 10,000 |
| TreloarTrust | 65,000 | |
| Trust Links Ltd | 20,000 | - |
| TTVS | 23,977 | - |
| Turning the Red Lights Green | 25,000 | |
| UK Men’s Sheds Association | 10,000 | - |
| Umbrella Derby & Derbyshire | 10,000 | - |
| UNICEF UK | 20,000 | - |
| Ups and Downs Southwest | 10,000 | - |
| Veterans Aid | 25,000 | - |
| Veterans at Ease Ltd | 10,000 | - |
| Viewpoint | 10,000 | |
|---|---|---|
| Vision Support Barrow & District | 10,000 | |
| Visyon | 25,000 | |
| Waltham Forest Churches Night Shelter (WFCNS) | 100,000 | |
| WarwickshireYoung Carers | 10,000 | |
| Waterloo Uncovered | 12,500 | |
| Watford Sheltered Workshop | - | 25,000 |
| Watford Sheltered Workshop Limited | 250,000 | - |
| WeHearYou | 10,000 | - |
| Wellspring Family Centre | 10,000 | |
| Wellspring Therapy & Training | - | 20,000 |
| West BerkshireTherapy Centre | 10,000 | - |
| West Cumbria Domestic Violence Support | 10,000 | - |
| West Kent Mind | 10,000 | - |
| West Norfolk Riding forthe Disabled Association the Magpie Centre | 10,000 | - |
| Westbank Community and Health Care | 25,000 | - |
| Whitehaven Community Trust Limited | 25,000 | - |
| Whizz-Kidz | 1,000,000 | |
| Wight DASH | 10,000 | - |
| Windsor Christian Action | 20,000 | |
| Wish | - | 10,000 |
| Womankind Bristol Women’s Therapy Centre | 10,000 | - |
| Women’s Health Matters | 25,000 | - |
| Worcester Snoezelen ClO | 10,000 | - |
| Wycombe Women’s Aid Ltd | 10,000 | - |
| Yellow Submarine Holidays | 25,000 | - |
| Yesto Life | 10,000 | - |
| Yesu | 10,000 | - |
| YMCA Exeter Community Projects | - | 10,000 |
| Yorkshire Brain Tumour Charity | 10,000 | - |
| You Raise Me Up | 24,540 | - |
| Young and Inspired | 10,000 | - |
| Young Carers Development Trust | 10,000 | - |
| Young Concern Trust (YCT) | 10,000 | - |
| Youth Concern | 24,436 | 25,000 |
| Youth Space | 10,000 | - |
| Zoe’s Place Baby Hospice | - | 10,000 |
| 11,536,900 | 6,110,738 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Outstanding pledges | ||
| Duewithin 1 year | ||
| Organisations | 3778,253 | 530500 |
| Due greaterthan 1 year | ||
| Organisations | 386!465 | 40,000 |
| Total outstanding pledges | 4,164718 | 570500 |