| REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | DETAILS |
|---|---|---|---|
| Auditors | |||
| Shccn Stickland | |||
| Chartcrcd Accountants |
|||
| Statutory Auditors |
|||
| 7 East Pallant | |||
| Chichestcr | |||
| West Sussex | |||
| PO19 1TR | |||
| Bankers | |||
| HSBC | |||
| 95 Glouccstcr Road | |||
| South Kensington | |||
| London | |||
| SW7 4SX | |||
| Solicitors | |||
| Withers LLP | |||
| Third Floor | |||
| 20 Old Bailey | |||
| London | |||
| EC4M 7AN | |||
| Investment managers |
|||
| Mcrccr Invcstmcnts | I LC | ||
| 21875 Network | Place | ||
| Chicago, Illinois | 60673- 1218 | ||
| USA |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Uiii cstl ictcd | Rcstrictcd | Endowment | Total | Total | ||||
| fund | fund | fund | funds | funds | ||||
| Notes | ||||||||
| INCOME AND | ||||||||
| ENDOWMENTS | FROID | |||||||
| Donations and lcgacics |
21,833 | 21,833 | 13,696 | |||||
| Invcstmcnt income |
47,721 | 47,721 | 39,052 | |||||
| Total | 21,833 | 47,721 | 69,554 | 52,748 | ||||
| EXPENDITURE | ON | |||||||
| Raising funds | 12,335 | 1,590 | 13,925 | 12,013 | ||||
| Charitable activities |
||||||||
| Education and rcscarch |
costs | 21,834 | 235,162 | 256,996 | 89,866 | |||
| Total | 34,169 | 236),752 | 270,921 | 101 879 | ||||
| Nct ganls/(losses) | oil | |||||||
| li)vcs tnlcllts | (6)23,391) | (623,391) | 652,959 | |||||
| NET | ||||||||
| INCOA'IE/(EXPENDITURE) | (12,336) | (812,422) | (824,758) | 603,828 | ||||
| Transfers between funds |
12 | 3,282 | (3,282) | |||||
| Other recognised | gains/(losses) | |||||||
| Actuarial gains/(losses) |
on | |||||||
| dcfincd bcncfit schcmcs | 1,312 | 476),523 | 477,835 | (339,463) | ||||
| Net movement in |
funds | (7,742) | (339,181) | (346,923) | 26)4,365 | |||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought forward |
7,742 | 17,197 | 3,501,667 | 3,526,606 | 3,262,241 | |||
| TOTAL FUNDS | CARRIED | |||||||
| FORWARD | 17,197 | 3,162,4&86 | 3,179,683 | 3,526,606 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| fund | fund | fund | funds | funds | ||
| Notes | f | f | f | K | ||
| FIXED ASSETS | ||||||
| tnvestinents | 9 | 20,064 | 17,197 | 3,120,619 | 3,157,880 | 3,510,421 |
| CURREN'I' ASSETS | ||||||
| Debtors | 10 | 25,415 | 25„415 | |||
| Cash at bank | 16,452 | 16,452 | $2,190 | |||
| 41,867 | 41,867 | 82,190 | ||||
| CREDITORS | ||||||
| Amounts falling duc tvithin one |
||||||
| year | 11 | (20,064) | (20,064) | (66,005) | ||
| NET CURRENT ASSETS | (20,064) | 41,867 | 21,803 | 16,185 | ||
| TOTAL ASSETSLESS | ||||||
| CURRENT I.IABILITFVS: | 17,197 | 3„162JI86 | 3,179,683 | 3,526,606 | ||
| Nl)"TASSETS | 17,197 | 3,162,486 | 3,179,683 | 3/26,606 | ||
| INNDS | 12 | |||||
| Unrestricted lands |
7,742 | |||||
| Restricted funds |
17,19l | 17,197 | ||||
| Lrndowirtcnt f'unds |
3,162,486 | 3,501,667 | ||||
| TO'I'AL VUNDS | 3,179,683 | 3,526,M6 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash gcncratcd fi.om operations |
(721,200) | (40,714) | ||
| Nct cash used in operating | activities | (721,200) | (40,714) | |
| Cash flows from investing | activities | |||
| Purchase offixed asset investmcnts | (1,685,455) | (216,430) | ||
| Sale offixed asset investments | 2,529,948 | 69,152 | ||
| Dividends rcccivcd |
47,721 | 39,052 | ||
| Nct cash provided by/(used |
in) investing | activities | 892,214 | (108,226) |
| Cash flows from financing | activities | |||
| Expenditure attributablc to |
cndowmcnt | (236,752) | (77,358) | |
| Nct cash used in financing |
activities | (236,752) | (77,358) | |
| Change in cash and cash |
equivalents | in | ||
| the reporting period |
(65,738) | (226,298) | ||
| Cash and cash equivalents | at the | |||
| beginning of the reporting |
period | 82,190 | 308,488 | |
| Cash and cash equivalents | at the end | of | ||
| the repoi ting period | 16,452 | 82,190 |
| OPERATING ACTIVI | TI | ES | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Net (expenditure)/income | for the reporting | period (as per the | |||
| Statement ofFinancial | Activities) | (824,758) | 603,828 | ||
| Adjustments for: |
|||||
| Losses/(gain) on investments |
623,391 | (652,959) | |||
| Dividends rcccived |
(47,721) | (39,052) | |||
| Expenditure attributablc |
to | cndowmcnt | 236,752 | 77,358 | |
| (Gains)/losses on exchange |
(637,508) | (25,244) | |||
| Increase in debtors | (25,415) | ||||
| Dccrcasc in creditors | (45,941) | (4,645) | |||
| Net cash used in operations | (721,200) | (40,714) |
| ANALYSIS OF CHANGES IN NET | FUNDS | ||
|---|---|---|---|
| At 1.7.21 | Cash flow | At 30.6.22 | |
| Net cash | |||
| Cash at bank | 82,190 | (65,738) | 16,452 |
| 82,190 | (65,738) | 16,452 | |
| Total | 82,190 | (65,738) | 16,452 |
| 2. | DONATIO | NS AND |
LEG | A | CIFS | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Grants | 21,833 | 13,696 | |||||||
| Grants rcccivcd, included | in | thc above, are as | follows: | ||||||
| 2022 | 2011 | ||||||||
| St Joseph's | Hospital | and Medical Center | 21,833 | 13,696 | |||||
| 3. | INVESTMENT INCOME | ||||||||
| 2022 | 2021 | ||||||||
| Dividend income |
47,721 | 39,052 | |||||||
| 4. | RAISING | FUNDS | |||||||
| Investment | management | costs | |||||||
| 2022 | 2021 | ||||||||
| Portfolio managcmcnt | 1,589 | 1,190 | |||||||
| 5. | GRANTS | PAYABLE | |||||||
| 2022 | 2021 | ||||||||
| f. | |||||||||
| Educatton | and Icscal'ch costs |
235,162 | 76,169 | ||||||
| Grants made to institutions | for thc furtherance | ofthc Charity's | objects werc: | ||||||
| 2022 | 2021 | ||||||||
| Institutions: | |||||||||
| St Joseph's | Hospital | and Medical Center | 235,162 | 76,169 | |||||
| 235,162 | 37,555 |
| Govct 11al1cc | ||||||
|---|---|---|---|---|---|---|
| Managcmcnt | costs | Totals | ||||
| Education | and | rcscarch | costs | 59 | 21,775 | 21,834 |
| 2022 | 2021 | ||
|---|---|---|---|
| Auditors' | rcmuncration | 6,078 | 5,569 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| invcstmcnts | |
| liiIARKET VALUF. | |
| At 1st July 2021 | 3,510,421 |
| Additions | 1,685,455 |
| Disposals | (2,040,382) |
| Revaluations | (472,914) |
| Exchange gains |
475,300 |
| At 30th Junc 2022 | 3,157,880 |
| NET BOOK VALUF. | |
| At 30th Junc 2022 | 3,157,880 |
| At 30th Junc 2021 | 3,510,421 |
| 9. | FIXEDASSET INVEST | FIXEDASSET INVEST | FIXEDASSET INVEST | MENTS - continued | MENTS - continued | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Cost or valuation at 30th |
Junc 2022 is rcprescntcd | by: | ||||||||
| Listed | ||||||||||
| invcstmcnts | ||||||||||
| Valuation in |
2022 | 3,157,880 | ||||||||
| 10. | DEBTORS: | AMOUNTS | FALLING DUF. WITHIN ONE YEAR | |||||||
| 2022 | 2021 | |||||||||
| Other debtors | 25,415 | |||||||||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||||||
| 2022 | 2021 | |||||||||
| Other creditors | 55,193 | |||||||||
| Accruals and |
deferred | inconlc | 20,06)4 | 10,812 | ||||||
| 20,064 | 66,005 | |||||||||
| 12. | MOVEMENT IN FUNDS |
|||||||||
| Nct | Transfers | |||||||||
| nlovcnlcnt | bctivccn | At | ||||||||
| At 1.7.21 | in | funds | funds | 30,6.22 | ||||||
| Unrestricted | funds | |||||||||
| Gcncral fund | 7,742 | ( I | 1,024) | 3,282 | ||||||
| Restricted funds |
||||||||||
| Split Immunity Project |
17,197 | 17,197 | ||||||||
| Endowment | funds | |||||||||
| Expendable | Endowment | Fund | 3,501,667 | (335,899) | (3,282) | 3,162,486 | ||||
| TOTAL FUNDS | 3,526,606 | (346,923) | 3,179,683 | |||||||
| Nct movcmcnt in funds, |
included | in thc above are | as follows: | |||||||
| Incoming | Resources | G)alas and | Movcmcnt | |||||||
| Icsoul ccs | cxpcndcd | losses | in funds | |||||||
| Unrestricted | funds | |||||||||
| Gcncl al I'und | 21,833 | (34,16)9) | 1,312 | (11,024) | ||||||
| Endowment | funds | |||||||||
| Expendable | Endolvn)cnt | I und | 47,721 | (236),752) | (146,868) | (335,&899) | ||||
| TOTAI. FUNDS | 6)9,554 | (270,921) | (145,55t')) | (346,923) |
| Nct | ||||||
|---|---|---|---|---|---|---|
| movement | At | |||||
| At 1.7.20 | in funds | 30.6.21 | ||||
| Unrestricted | funds | |||||
| Gcncral fund | 28,651 | (20,909) | 7,742 | |||
| Restricted | funds | |||||
| Split Immunity | Project | 15,249 | 1,948 | 17,197 | ||
| Endowment | funds | |||||
| Expcndablc | Endowment | Fund | 3,218,341 | 283,326 | 3,501,667 | |
| TOTAL FUNDS | 3,262,241 | 264,365 | 3,526,606 |
| Incoming | Resources | Gains and | Movcmcnt | ||||
|---|---|---|---|---|---|---|---|
| Icsoul ccs | cxpcndcd | losses | in funds | ||||
| Unrestricted | funds | ||||||
| Gcncral fund | 13,696 | (24,521) | (10,084) | (20,909) | |||
| Restricted | funds | ||||||
| Split Immunity | Project | 1,948 | 1,948 | ||||
| Endowment | funds | ||||||
| Expcndablc | Endowment | Fund | 39,052 | (77,358) | 321,632 | 283,326 | |
| TOTAL FUNDS | 52,748 | (101,879) | 313,496 | 264,365 |
| Nct | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | bctwccn | At | |||||
| At 1.7.20 | in funds | funds | 30.6.22 | ||||
| Unrestricted | funds | ||||||
| Gcncral fund | 28,651 | (31,933) | 3,282 | ||||
| Restricted | funds | ||||||
| Split Immunity | Project | 15,249 | 1,948 | 17,197 | |||
| Endowment | funds | ||||||
| Expcndablc | Endowment | Fund | 3,218,341 | (52,573) | (3,282) | 3,162,486 | |
| TOTAL FUNDS | 3,262,241 | (82,558) | 3,179,683 |
| Incoming | Resources | Gains and | Movcmcnt | ||||
|---|---|---|---|---|---|---|---|
| I'csoul'ccs | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| Gcncral fund | 35,529 | (58,690) | (8,772) | (31,933) | |||
| Restr icted funds | |||||||
| Split Immunity | Project | 1,948 | 1,948 | ||||
| Endovvment | funds | ||||||
| Expcndablc | Endowment | Fund | 86,773 | (314,110) | 174,764 | (52,573) | |
| TOTAL FUNDS | 122,302 | (372,800) | 167,940 | (82,558) |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Grants | 21,833 | 13,696 | |||
| Investment income |
|||||
| Dividend income |
47,721 | 39,052 | |||
| Total incoming resources |
69,554 | 52,748 | |||
| EXPENDITURE | |||||
| Raising donations and |
legacies | ||||
| Consultancy fccs |
12,336 | 10,823 | |||
| Investment management |
costs | ||||
| Portfolio management | 1,589 | 1,190 | |||
| Charitable activities |
|||||
| Grants to institutions |
235,162 | 76,169 | |||
| Support costs | |||||
| Management | |||||
| Travel and subsistcncc | 59 | ||||
| Governance costs |
|||||
| Auditors' rcmuncration |
6,078 | 5,569 | |||
| Professional fccs |
15,697 | 8,128 | |||
| 21,775 | 13,697 | ||||
| Total resources cxpcndcd | 270,921 | 101,879 | |||
| Net expenditure before gains and losses |
(201,367) | (49,131) | |||
| Realised recognised | gains | and losses | |||
| Realised gains/(losses) | on | fixed asset invcstmcnts | 489,566 | 69,152 | |
| Net income | 288,199 | 20,021 |