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|||Page|
|---|---|---|
|Report ofthe Trustees||1to5|
|Report ofthe Independent
Auditors||6to8|
|Statement of Financial Activities|||
|Balance Sheet||10|
|Notes to the Financial Statements||11to 17|
|Detailed Statement of Financial|Activities|18|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||funds|funds|
||||Notes|$|$|
|INCOME AND ENDOWMENTS||FROM||||
|Donations
&legacies||||62,201|73,464|
|Investments||||58,255|56,801|
|Other|||||67|
|Total Income||||120,456|130,332|
|EXPENDITURE ON||||||
|Costs ofraising funds||||||
|Investment
management|costs|||35,021|37,905|
|Charitable
activities||||346,210|284,136|
|Total Expenditure||||381,231|322,040|
|Net gains/(losses)
on investments||||298,933|(487,430)|
|NET INCOME/(EXPENDITURE)||||38,158|(679,139)|
|Net movement
in funds||||38,158|(679,139)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
forward||||5,475,025|6,183,362|
|TOTAL FUNDS GARktlED;"FORWARD||||5,513,183|6,475,026|
|I||||||
|Continuing
operations||||||
|All income and expenditure|has|arisen from continuing|activities.|||
|||The|Cross|roads
Antigua
Foundation|roads
Antigua
Foundation|||
|---|---|---|---|---|---|---|---|
|||||Balance Sheet||||
|||||At 30June 2023||||
|||||||2023|2022|
|||||||Unrestricted|Total|
|||||||funds|funds|
|FIXEDASSETS|||||Notes|$|$|
|Intangible
Assets||||||2,780|5,558|
|Investments||||||4,177,729|4,254a736|
|||||||4,180,509|4,260,294|
|CURRENT ASSETS||||||||
|Debtors: amounts|falling|due within one|year||10|1,202,450|4,376|
|Debtors: amounts|falling|due after more|than|one year|10||1,198,040|
|Cash at bank||||||191,810|81,130|
|||||||1,394,260|1,283,546|
|CREDITORS||||||||
|Amounts
falling due within one year||||||(61,587)|(68,815)|
|NETCURRY ASSETS||||||1,332,673|1,214t731|
|TOTAL ASSETS LESS||CURRENT||||||
|LIABILITIES||||||5,513,183|5,475,025|
|NET ASSETS||||||5,513,183|5,475,025|
|FUNDS||||||||
|Unrestricted
funds|||||12|5,513,183|5,475,025|
|TOTAL FUNDS||||||5,513,183|5,475,025|
|The financtat statements||were approved|by the|Board ofTrustees on ...... .I»|||.and were|
|signed on its behalf by:||||||||
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|2.|DONATIONS
&LEGACIES||2023|2022|
|---|---|---|---|---|
||||$|$|
||Donations
and gifts
Giff aid||59,025
3,176|73,464|
||||62,201|73,464|
|3.|INVESTMENT INCOME||2023|2022|
||||$|$|
||investment
income
Bank interest||57,902
353|56,759
43|
||||58,255|56802|
|4.|OTHER INCOME||2023|2022|
||||$|$|
||Royalty income
Advertising
income|||67|
|5.|INVESTMENT MANAGEMENT|COSTS|2023|2022|
||||$|$|
||Portfolio management||35,021|37,905|
||||35,021|37,905|
|6.|CHARITABLE ACTIVITIES COSTS||||
|||2023|2023|2023|2022|
|---|---|---|---|---|---|
|||$ Support|$ Direct|$ Total|$ Total|
|Scholarships
Management|payable
fees and legal services|Costs
20,574|Costs
245,007
80,629|265,581
80,629|197,918
86,245|
|||20,574|325,636|346,210|284,163|
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|Support costs in|cluded
above are as follows:|||
|---|---|---|---|
|||2023|2022|
|Governance costs||$|$|
|Insurance||6,249|6,381|
|Trustees' expenses||||
|Auditors'
remuneration||9,075|12,063|
|General expenses||1,809|550|
|Bank interest and|charges|662|660|
|TUFR fundraising|costs||276|
|Amortisation||2,778|2,778|
|||20,573|22,707|
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|NTANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Website|Licenses|Totals|
||Development|||
||$|||
|Cost||||
|At 1 July 2022|13,891||13,892|
|Additions||||
|At 30June 2023|13,891||13,893|
|Amortisation||||
|At 1 July 2022|8,334||8,334|
|Charge for the year|2,778||2,778|
|At 30June 2023|11,112||11,112|
|Net BookValue||||
|At 30June 2023|2,779||2,781|
|At 30June 2022|5,557||5,559|
|9.|FIXEDASSET INVESTWIENTS|||
|---|---|---|---|
|||2023|2022|
|||$|$|
||Listed investments|4,151,415|4,207,102|
||Cash and other equivalents|26,314|47,634|
|||4,177,729|4,254,735|
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|FIXEDASSET INVESTMENTS|—continued||||
|---|---|---|---|---|
|||Cash and|||
||LIsted|Cash|Accrued||
||Investments|Equivalents|Income|Total|
|MARKET VALUE
At 1 July 2022
Additions (at cost)
Disposals (at market value)
Management
fees
Realised gain/(loss)
Unrealised
gain/(loss)
Forwards
Movement
in accrued income|$ 4,196,531
2,758,654
(3,122,484)
150,656
153,934
6,407|$ 47,634
3,172,596
(3,158,895)
(35,021)|$ 10,571
(2,855)|$ 4,254,736
5,931,250
(6,281,378)
(35,021)
150,656
153,934
6,407
(2,855)|
|Cash rounding|||||
|At 30June 2023|4,143,699|26,314|7716|4,177,729|
||||2023|2022|
||||$|$|
|Itive '.manta
held|||||
|Listed
.equjties
Fixed income securities|||2,121,839
1,707,899|1,952,946
1,934,004|
|Hedge funds and others
Cash and cash equivalents'|||328,068
19,923|345,560
22,226|
||||4 177729|4,254,736|
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