| Page | ||||
|---|---|---|---|---|
| Rcport ol' the Trustees | I | to | 5 | |
| Report ofthe Tndependent Auditors |
6 | to | 8 | |
| Statcmcot oft'Innocial Activities |
||||
| Balance Sheet | ||||
| Castt f'Iovv 5tatentcnt | ||||
| Notes to tbe Cash F'Iovr Statement | ||||
| 1Votcs to thc Financial Stotetncnta | 13 | tu | 19 | |
| Actoilcd $itatcnicot ofFinancial | Activities |
| 20?3 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Vnrestricted | Restricted | I-'nEEottnttcn | 1 | 1olsl | Total | |||||
| fimd | fund | fund | funds | funds | ||||||
| Notes | f | f. | f | |||||||
| INCAEE)IK AND | ||||||||||
| RWDO3)YMI«NTS | I'ROM | |||||||||
| Donations and legacies |
46,516 | 46,516 | 21,833 | |||||||
| Investmcnt income |
73 )41 | 73,141 | 47 72) | |||||||
| Total | 4~6$16 | 73141 | l)9657 | 69554 | ||||||
| EXPKNDITIJRE | ON | |||||||||
| Raising lands | 13,66$ | 1,217 | 14,882 | 13,925 | ||||||
| Charitahle activities |
||||||||||
| Education and research |
costs | 59315 | 134,590 | 193.905 | 256 996 | |||||
| Tain l | 72 980 | 135 8117 | 208 787 | 2'l0 921 | ||||||
| Net gains/(losses) | on | |||||||||
| investments | 273,373 | 2'/3,373 | ~623391) | |||||||
| Nj.'l' | ||||||||||
| IiNCOM EV(KXI*KNDIT4RR) | (26,464) | 21Q,7Q7 | 184,243 | (824,758) | ||||||
| Transfers bettveen |
funds | 12 | 26,576 | (26,576) | ||||||
| Other recognised | gains/(losses) | |||||||||
| E76ehango (losses) 88 gains |
1,486 | ~136,276) | )131,902) | 177 8'15 | ||||||
| ARRIVED | ||||||||||
| Net tnovetnent ln |
f88nds | 1,486 | 47,1155 | 49,341 | (346,923) | |||||
| RKCONC 11,lAT I | ON | Ot' | ||||||||
| EllNI)S | ||||||||||
| Total funds brnitght | foriva8d | 17,197 | 3,162,486 | 3, 179,683 | 3,526,6%i | |||||
| TD'I'AL lrt ENDg | ('. | |||||||||
| FOR%YARD | 18,683 | 210,341 | 3,229,0241 | 3.179,683 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| IJnrastriatad | Restr)a)ad | Endawntcllt | Total | Total | |||
| thnd | fttnd | fond | funds | fands | |||
| Notes | 8 | E | 8 | ||||
| L'"IXRD ASSll,"1'S | |||||||
| Invastmants | 9 | 2I),22f3 | 18,683 | 3,225.438 | 3,264,345 | 3,15'7,880 | |
| ICURRKWT | ASSETS | ||||||
| )3ebtors | IO | 25,415 | |||||
| Cash st bank | I I 948 | II 948 | 16432 | ||||
| 11,948 | 41,867 | ||||||
| CREDITORS | |||||||
| Ainoonts fall year |
lllg dne with!Ill one | II | (32,174) | &)5,))95& | F47,289), | )2a,t)64& | |
| NF;l' CURRENT ASSETS | ~150931 | ~39 211 |
21 8113 | ||||
| TQ'TAL ASSETS LESS | |||||||
| CURRENT | 1.,1AE)1L1TlKS | 18,f!83 | 3,21034) | 3,229,024 | 3,179,1)83 | ||
| WET ASSETS | 18683 | ~310341 | 2 229 024 | 31796IB | |||
| FUNDS | |||||||
| I)3estricted I'ends | 18,6113 | )7,197 | |||||
| Endowment | lbnds | 3,2)0/41 | 3 162486 | ||||
| TOTAII )JUNDS | 3229 024 | 3 I'l9 683 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | f, | ||||
| Cash flows from operating activities |
|||||
| Cash generated from operations |
29,417 | (721,200) | |||
| Net cash provided by/(used |
in) operating | activities | 29,4]7 | (721,200) | |
| Cash flows from investing | activities | ||||
| Purchase offixed asset investments | (100,313) | (1,685,455) | |||
| Sale offixed asset investments | 129,058 | 2,529,948 | |||
| Dividends received |
73,141 | 47,721 | |||
| Net cash provided by investing activities |
101,886 | 892,214 | |||
| Cash flows from financing | activities | ||||
| Fxpenditure attributable to |
endowinent | (135,807) | (236,752) | ||
| Net cash used in financing | activities | (135,807) | (236,752) | ||
| Change in cash and cash equivalents | in | ||||
| the reporting period |
(4,504) | (65,738) | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthc reporting |
period | 16,452 | 82,]90 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
1 1,948 | 16,452 |
| RECONCILIATION OF |
NET INCOME/(EXPENDITURE) | NET INCOME/(EXPENDITURE) | TONET CASH I&I OW FROM | |
|---|---|---|---|---|
| OPERATING ACTIVITIES | ||||
| 2023 | 2022 | |||
| Net Income/(expenditure) | for thc reporting | period (as per the | ||
| Statement ofFinancial Activities) | 184,243 | (824,758) | ||
| Adjustments for: |
||||
| (Gain)/losses on investments |
(273,373) | 623,391 | ||
| Dividends received |
(73,141) | (47,721) | ||
| Expenditure attributable to |
endowment | 135,807 | 236,752 | |
| (Gains)/losses on exchange |
3,261 | (637,508) | ||
| Decrease/(increase) in debtors |
25,415 | (25,415) | ||
| Increase/(decrease) in creditors |
27,205 | (45,941) | ||
| Nct cash provided by/(used |
in) operations | 29,417 | (721,200) |
| ANALYSIS OFCHANGES IN NET | FUNDS | ||
|---|---|---|---|
| At 1.7.22 | Cash flow | At 30.6.23 | |
| Net cash | |||
| Cash at bank | 16,452 | (4,504) | 11,948 |
| 16,452 | (4,504) | 11,948 | |
| Total | 16,452 | (4,504) | 11,948 |
| 2. | DONATIONS AI4II)IXGACKS |
DONATIONS AI4II)IXGACKS |
DONATIONS AI4II)IXGACKS |
DONATIONS AI4II)IXGACKS |
|||
|---|---|---|---|---|---|---|---|
| 2023 | 2022f | ||||||
| ~46 I6 |
~ZI 833 | ||||||
| Gntncs received, Inclttdcd | in | the shove, tttc ss | follosvg | ||||
| 2023 | Z022 | ||||||
| f | |||||||
| StJoseph's | Ilospitsl and Medical Center | 46 16 |
21,633 | ||||
| 3. | IM'ESTMENT INCOME | ||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| I)ividend income |
~73 14I | 47,72I | |||||
| 4, | RAISING | FI.iNDS | |||||
| Isvesttsest | tttsasgetsen | t costs | |||||
| 20Z3 E |
2022f | ||||||
| Portfolio management | ~I2l7 | ~1589 | |||||
| 5. | C6kAiN'I'6I | PAYABI.E | |||||
| 2023 | 2022 | ||||||
| Education | end res atclt costs | l34,5%I | 235 I62 | ||||
| fir632ts made to institutions | for the furtherance | ot thc Charity's objects &vcrct | |||||
| 2023 | 2022 | ||||||
| Institutions: | f | f | |||||
| St Joseph's | Hospit&1 sod Medical renter | l34,599 | 235,I62 | ||||
| 134.396 | 233,162 |
| 6. | SOPPOII | Tf.'OSTS | ||||
|---|---|---|---|---|---|---|
| Governr\ncc | ||||||
| Management f |
costs f |
Totals f |
||||
| Education | (2nd r433eaicJr | costs | ~25 154 | ~34 161 | ~5IJ315 | |
| 7, | NF4T PfCOMKI(KXPEiNDITII JIF) | |||||
| 'Piet inconM/(expcrrditure) | is stated ager charging/(crediting): | |||||
| 2023 | 2022 | |||||
| A(editors' | rcrnurrciatirm | 6,360 | 6078 |
| FIXI''D ABSFTINVESTMFNTS | |
|---|---|
| Listed | |
| invcstm cats | |
| f | |
| MAIIKET VAI,I(E | |
| Al 1stJuly 2(122 AdrJitions |
3,157,8(I0 100,313 |
| Disposals | (II0,217) |
| Revaluations I.xcltarrgc losses |
252,626 ~lN.2573 |
| At 30th June 2023 | 3.264 3I5 |
| NET BOOK VAI,JIF. | |
| A(30(h June 2M3 | 3.25I.345 |
| ht 30th June 2022 | 3.15'I 2ll5 |
| 9. | FIXFA ASSET | FIXFA ASSET | INVEST | MK | NTS- continued | NTS- continued | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| C49st ur vtttuktitttt | ut 30th | butte | 2tI23 is represented | by: | |||||||
| Listed | |||||||||||
| lnvesttncAts | |||||||||||
| Vuluntlvtt in 2023 |
~3264 43 |
||||||||||
| t0. | DKlffORS: | AMOUNTS | FAI.I.ING BUII WITHIN ONE YEAR | ||||||||
| 2023 | 2022 | ||||||||||
| f. | |||||||||||
| Other debtors | 25.4IS | ||||||||||
| II, | C'RfOITOIIS | AMOllNTS | I AI I.tNt | fIUK Wi'I'tII~V ONE VEAIt | |||||||
| 2023 | |||||||||||
| f. | |||||||||||
| 'I'rttdc credl(ors | 10,S99 | ||||||||||
| Other uredttttrr | IS,09S | ||||||||||
| Aecruula nnd |
delbrrcd httuunu | 21,S75 | ~20 0G4 | ||||||||
| ~47 269 | ~20 064 | ||||||||||
| 12. | MOVEMKNT | 1141FUNDS | |||||||||
| Net | Trllllsfcrsl | ||||||||||
| rttovumvttt | between | At | |||||||||
| Ai 1.7.22 | in | funda | I'unde | 30.6.23 | |||||||
| 13nreatrleted | funda | ||||||||||
| fJcnerttl futtd |
(20,576) | 719,%7f4 | |||||||||
| Restricted funda |
|||||||||||
| Split Immunity | Projeut | 17,197 | i,t8e | 18,683 | |||||||
| I;ndowntent | funds | ||||||||||
| I',ttputtdnbl4. | I!ttdr9wrttett( | I'tulll | 3,102,486 | '74,431 | (2(9,57f91 | 3,21(},341 | |||||
| TOTAI. I'Ut4f DS | 3, I29,693 | 4934 I | - | 3 229 II24 |
| )r)et rnovcmcnt | in funds. | included | included | included | in Ibc rrbovc | urc as follows: | |||
|---|---|---|---|---|---|---|---|---|---|
| Incoming I%soul'ccs f |
Resources expv~dcd |
()uina and losses |
Movement I« funds |
||||||
| Unre&ricted | funds | ||||||||
| General fund |
46,$16 | (72,980) | (26,576) | ||||||
| Restricted funds |
|||||||||
| Split lrnmutdiv | Pruject | ),4II6 | |||||||
| Endowment funds |
|||||||||
| Iiapcndablc I'ndovmcnt |
Fund | 73,141 | ()35,II07) | 137,Q97 | |||||
| TOTAL Ft))sIDS | 119,657 | ~2QII,787) | ~138 l7 i | ~49 341 | |||||
| Comparalives | frrr mnvemeat | ln | funds | ||||||
| Net | I'ransfers | ||||||||
| mover«col | Irctwccn | At | |||||||
| AI 1.7.21 | io funds | fu«dr | 39,6,?2 | ||||||
| f | l | ||||||||
| t)neet trictcd | funda | ||||||||
| Cienc&id fund | 7,742 | (11.Q24) | 33112 | ||||||
| Restricted funds |
|||||||||
| Split immunity | Project | 17,197 | 17,197 | ||||||
| Endowment | funds | ||||||||
| Expendable frndowmenr |
Fund | 3,5Q1,667 | (335,II99) | (3,2II2) | 3,162,416 | ||||
| 1'OTAL FlJNDS | |||||||||
| Comparative riel niovcnrent |
in | funrLs, Inc)udcd | in t)rc above rrre as follows, | ||||||
| I«corning | Resources | (isins olid | lvkvcmc«I | ||||||
| Tesi&areas | cxprndcd f |
l(kc.ace f |
in fonda | ||||||
| Uareirtricted | funds | ||||||||
| Gclleiill furld |
21,$33 | (34,169) | 1,3I2 | ( I I,IH4) | |||||
| Endowment | funds | ||||||||
| Expcndnb1c f ndowniccn | Fund | 47,7?I | I 236,752) | (146,868) | &335,899) | ||||
| 1'O'I AL HiNDS | 69.554 | ~1&.9~1) | 1145.556) | (346,923) |
| A current year | 12months | and prior ye | ar 12months | combined |
poshinn isss fnl |
los | vs: | ||
|---|---|---|---|---|---|---|---|---|---|
| Net | T&defers | ||||||||
| movenient | bctsvcen | At | |||||||
| At 1.7.21 | in funds | funds | 30.6.23 | ||||||
| f | E | ||||||||
| Unrestricted | funds | ||||||||
| General fund |
(37,600) | 29,868 | |||||||
| Restricted funda |
|||||||||
| Split lrmnunlty | Project | 17,197 | 1,486 | 18,683 | |||||
| Kndnwmen 1 |
funds | ||||||||
| T&tpendable tin&tOWm eni |
1 u»d | 3,501,667 | (261,41&tt) | (29,858) | 3,210,3 I 1 | ||||
| TOTAL Fl.llff&S | 3~526~60&5 | +2~97 582) | 3229 92( | ||||||
| A current year | 12 months | &md prior year 12rllonths | czar»bi«ed | net »&ovcruent | in | funds, included | in the above a | ||
| as folio»vs. | |||||||||
| Incoming | &.&sins and | Movernont | |||||||
| resources | )re»o» | in funds | |||||||
| f | |||||||||
| Unrestricted | fun&ls | ||||||||
| General lund |
68,349 | (107,l49) | 1200 | 137,600) | |||||
| Restricted t'unde |
|||||||||
| Split immunity | Project | 1,48b | |||||||
| Endown&ent | funds | ||||||||
| b&&per&dabtc it»down»cut | 1"tu&d | 120,862 | f372,559) | (9,771) | f261,468) | ||||
| TOTA 1,F1 1VDS | ~(ll&Z(l | ~IZ'339&l | (3ziill | ~(293,9&2 |
| Iterron Foundrr tlon (UK) |
Iterron Foundrr tlon (UK) |
||
|---|---|---|---|
| Detailed Statement ofFinancial Activities | |||
| for the Yeur Ended 50ttr dune 2023 | |||
| 2023 | 2022 | ||
| K | |||
| If4COM g AWI) ENfs0%MKlvTS | |||
| Donations and legacies |
|||
| Gran Ls | 21,833 | ||
| lnvestmcnt Ineomc |
|||
| Dividend ineanje |
~73 141 | ~47 721 | |
| Total incoming resources | 119.657 | 69,554 | |
| EXPELDITUltE | |||
| Raising donations and legacies Consultancy fees |
13,665 | 12,336 | |
| Investment inanagernent Portlolio management |
cost» | 1,217 | 1,589 |
| Cirarliablc activities |
|||
| Grants io Institutions | 134„590 | 235,162 | |
| bupport costs |
|||
| Nlanagem cut Travel end subsistence |
25, 154 | ||
| trovernlinec costs |
|||
| Auditors' remuneration |
6,360 | 6,078 | |
| Profer&Nal fees |
~2? 801 | ~15697 | |
| 34.161 | ~21 775 | ||
| Tote) resources expcndEAi | 208,78? | 270.921 | |
| Net expenditure bcfor'e gains and losses |
(89,130) | (201,367) | |
| Realised recognised gains and lasses Itealised gainsr(lossesj nn lixed asset investrnenb |
18.8'l l | ~489 566 | |
| Nct (expenditure)llncomc | ~70,289) | 288 t99 |