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||||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||||
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||||||||||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|
##
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##
|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|