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|Trustees||||||
|---|---|---|---|---|---|
|The trustees||and officers serving|during the year and since the year end||were as follows:|
||||Dr Julia Mills OBE(Chair)|||
||||Mr John Sandiford|Heigh (Treasurer)||
||||Mrlan Kernohan|||
||||Ms Elizabeth Hess|||
||||Ms Mica Coleman|Jones||
||||Ms landra
MacCallum||Tchoudnowsky|
||||Mr Mark Cooper|||
|Independent||examiner|Victoria Anderson|BA (Hone) FCA DChA||
||||Clark Brownscombe||Limited|
||||2St Andrews
Place|||
||||Lewes, East Sussex|||
||||BN7 1UP|||
|Bankers|||The Co-operative|Bank pic||
||||PO Box 101|||
||||1 Balloon Street|||
||||Manchester,
M604EP|||
||||CAF Bank Ltd|||
||||25 Kings Hill Avenue|||
||||Kings
Hill, West Mailing|||
||||Kent|||
||||ME194JQ|||
||||Aldemore
Bank|||
||||50St Mary Axe|||
||||London,|||
||||EC3A 8FR|||
||||Virgin Money|||
||||Jubilee House|||
||||Gosforth|||
||||Newcastle
Upon Tyne,|||
||||NE3 4PL|||
|Approved|by|the Board ofTrustees and signed on its behalf by||||
||||06 February|2024||
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##
|||Notes|Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|
||||funds|funds|||
|Income and endowments|from:||||||
|Donations
and legacies|||140,953|297,750|438,703|274,055|
|Other trading
activites|||1,927||1,927|346|
|Investments|||9,546||9,546|7,238|
|Total|||152,426|297,750|450,176|281,639|
|Expenditure
on:|||||||
|Raising funds|||(4,301)||(4,301)|(2,741)|
|Charitable
activities||5/6|(102,659)|(172,647)|(275,306)|(239,228)|
|Total|||(106,960)|(172,847)|(279,607)|(241,969)|
|Net gains/(losses)
on investments|||(12,469)||(12,469)|5,573|
|Transfers
between funds|||(19,885)|19,885|||
|Other recognised
gains/losses|||||||
|Net movement
in funds|||13,112|144,988|158,100|45,243|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||294,680|390,693|685,373|640,130|
|Total funds carried forward|||307,792|535,681|843,473|685,373|
##
||||Notes|2023|2022|
|---|---|---|---|---|---|
|Fixed assets||||||
|Tangible assets|||12|261|575|
|Investments|||13|257,387|274,302|
|||||257,648|274,877|
|Current assets||||||
|Debtors|||14|22,501|19,477|
|Cash at bank and||in hand||572,799|399,984|
|||||595,300|419,461|
|Creditors: amounts||falling due within one year|15|(9,475)|(8,965)|
|Net current|assets|||585,825|410,496|
|Total assets|less current liabilities|||843,473|685,373|
|Net assets||||843,473|685,373|
|The funds ofthe charity||||||
|Restricted|income|funds|16|535,681|390,693|
|unrestricted|income funds||16|307,792|294,680|
|Totalfunds||||843,473|685,373|
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|||Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|
|||funds|funds|||
|||5|6|||
|Donations|received|140,953|297,750|438,703|274,055|
|||140,953|297,750|438,703|274,055|
##
|ncome earne|d from other activities|||
|---|---|---|---|
|||2023|2022|
|||6||
|Unrestricted|funds|||
|Fund raising|and Publicity|1,927|346|
|||1,927|346|
##
|nvestment
in|come||||
|---|---|---|---|---|
||||2023|2022|
||||5||
|Unrestricted|funds||||
|Income from|listed investments||7,560|6,681|
|Income from|cash/settlements||1,986|557|
|held
in an investment||porffolio|||
||||9,546|7,238|
##
##
|osts of|charitable
activities
by fund type|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2023|2022|
|||funds|funds|||
|||f|5|6|f|
|Bursary|Programme||172,647|172,647|140,703|
|Support|costs|102,659||102,659|98,525|
|||102,659|172,647|275,306|239,228|
##
|Costs ofcharitable
activities
by activity type|||||
|---|---|---|---|---|
||Grant|Support|2023|2022|
||funding of|costs|||
||activities||||
||8||||
|Supportcosts|||||
|Bursary Programme|172,647|102,659|275,306|239,228|
##
|Bursary Programme|Bursary Programme|
|---|---|
|Other Office|Expenses|
|Investment||
|Management|Costs|
|Webslte and|IT|
|Staff Costs||
|Accountancy||
|Consultancy||
|Governance|costs|
|2023|2022|
|---|---|
|5,809|6,748|
|2,319|2,418|
|7,745|7,598|
|68,176|60,081|
|12,000|12,000|
|4,900|8,000|
|1,710|1,680|
|102,659|98,525|
##
##
||||2023|2022|
|---|---|---|---|---|
|Depreciation|ofowned|fixed assets|314|2,858|
|Accountancy|fees||1,710|1,680|
|Staff pension|contributions||1,546|1,559|
##
|Total staff costs for the year ended 31 May 2023were:|||
|---|---|---|
||2023|2022|
||6||
|Salaries and wages|65,389|57,167|
|Social security costs|1,241|1,361|
|Pension costs|1,546|1,559|
||88,176|80,087|
|2023|2022|
|---|---|
|2||
##
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##
|11.Comparative
for t|he State|ment ofFinancial Activities||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|2022|
||||funds|funds||
||||6|||
|Income and endowments||from:||||
|Donations
and legacies|||84,305|189,750|274,055|
|Other trading
activites|||346||346|
|Investments|||7,238||7,238|
|Total|||91,889|189,750|281,639|
|Expenditure
on:||||||
|Raising funds|||(2,741)||(2,741)|
|Charitable
activities|||(98,525)|(140,703)|(239,228)|
|Total|||(101,266)|(140,703)|(241,969)|
|Net gains/(losses)|on investments||5,573||5,573|
|Transfers
between|funds||32,054|(32,054)||
|Other recognised|gains/losses|||||
|Net movement
In funds|||28,250|16,993|45,243|
|Reconciliation
offunds||||||
|Total funds brought|forward||266,430|373,700|540,130|
|Total funds carried forward|||294,680|390,693|685,373|
|12.Tangible fixed assets||||||
||||||Office|
|Cost or valuation|||||equipment|
|At 01 June 2022|||||25,643|
|At 31 May 2023|||||25,643|
|Depreciation||||||
|At 01 June 2022|||||25,068|
|Charge for year|||||314|
|At 31 May 2023|||||25,382|
|Net book values||||||
|At 31 May 2023|||||261|
|At 31 May 2022|||||575|
##
|.Analysis ofi|nvestm|e|nts
between funds as at year ended 31 May 2023|||
|---|---|---|---|---|---|
|||||2023|2022|
||||||6|
|Unrestricted|funds|||||
|Listed investments||||257,367|274,302|
|||||257,387|274,302|
|Debtors||||||
|||||2023|2022|
|Amounts
due|within||one year:|||
|Trade debtors||||15,111|15,000|
|Prepayments|and accrued income|||7,390|4,477|
|||||22,501|19,477|
|Creditors: amounts||falling due within one year||||
|||||2023|2022|
|||||8|6|
|Other creditors||||1,918|1,411|
|Accruals and|deferred||income|7,557|7,554|
|||||9,475|8,965|
##
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##
##
|||Balance at|Incoming|Outgoing|Transfers|Gains and|Balance at|
|---|---|---|---|---|---|---|---|
|||01/06/2022|resources|resources||losses|31/05/2023|
||||6|8||6|6|
|General||||||||
|Designated|funds|219,680|152,426|(106,960)|(19,885)|(12,469)|232,792|
|General||75,000|||||75,000|
|||294,880|152,426|(106,960)|(19,885)|(12,469)|307,792|
##
##
|||Balance at|Incoming|Outgoing|Transfers|Gains and|Balance at|
|---|---|---|---|---|---|---|---|
|||01/06/2021|resources|resources||losses|31/05/2022|
|||||6||6|6|
|General||||||||
|Deegnated|funds|191,430|91,889|(101,265)|32,054|5573|219,680|
|General||75,000|||||75,000|
|||266,430|91,889|(101,266)|32,054|5,573|294,680|
##
##
|Restricted Funds||||||
|---|---|---|---|---|---|
||Balance at|Incoming|Outgoing|Transfers|Balance at|
||01/06/2022|resources|resources||31/05/2023|
||6||||f|
|Badged Bursaries|390,693|297,750|(172,847)|19,885|535,881|
||390,693|297,750|(172,647)|19,885|535,681|
|Restricted Funds - Previous year||||||
||Balance at|Incoming|Outgoing|Transfers|Balance at|
||01/06/2021|resources|resources||31/05/2022|
||6|||||
|Badged Bursaries|373,700|189,750|(140,703)|(32,054)|390,693|
||373,700|189,750|(140,703)|(32,054)|390,693|
##
##
##
|Analysis of|ne|t assets between funds|||||
|---|---|---|---|---|---|---|
||||Tangible|Investments|Net current|Net Assets|
||||fixed assets||assetsl||
||||||lgablgtles)||
||||||6||
|Unrestricted|funds||||||
|General|||||||
|Designated||funds|261|167,387|45,144|232,792|
|General||||70,000|5,000|75,000|
|Restricted funds|||||||
|Badged|Bursaries||||535,681|535,681|
||||261|257,387|585,825|843,473|
|Previous year|||||||
||||Tangible|Investments|Net current|Net Assets|
||||fixed assets||assets I||
||||||lliabilities)||
||||||6||
|Unrestricted|funds||||||
|General|||||||
|Designated||funds|575|204,302|14,803|219,660|
|General||||70,000|5,000|75,000|
|Restricted funds|||||||
|Badged|Bursaries||||390,693|390,693|
||||575|274,302|410,496|685,373|
##