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|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||||
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||||||||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|
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|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)|
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|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|
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|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|
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|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)|
##
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||||||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)|
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|||||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|