| Charity Information | ||
|---|---|---|
| Report ofthe Trustees | ||
| Independent Examiner's |
Report | |
| Statement ofElnancial Activities | ||
| Balance Sheet | ||
| Notes tothe accounts | 7-10 |
| Endowment | Unrestricted | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||
| E | E | E | E | ||||
| Income and endowments | |||||||
| Investment Income: |
|||||||
| DMdends 8 taxed interest |
42,078 | 42,078 | 41,007 | ||||
| Bank deposit interest | 321 | 321 | 10 | ||||
| Total Income | 42,399 | 42399 | 41,017 | ||||
| Expenditure | |||||||
| Costs ofraising funds: | |||||||
| Investment management |
costs | 12,423 | 2,158 | 14,581 | 15,391 | ||
| Expenditure on charitable |
activities: | ||||||
| College grants | 28,817 | 28.817 | 12,702 | ||||
| Support costs | 274 | 274 | 274 | ||||
| Governance costs: |
|||||||
| Accountancy | 1,980 | 1,980 | 1,920 | ||||
| Total expenditure | 12,423 | 33,229 | 45,652 | 30,287 | |||
| Net income/(expenditure) | before | ||||||
| other gains/(losses) on |
investments | (12,423) | 9,170 | (3,253) | 10,730 | ||
| Gains Ik Losses on investment | assets | ||||||
| Profit/(loss) on sale ofInvestments |
5,079 | 1,992 | 7,071 | 177,081 | |||
| Unrealised gain/(loss) on investments |
(38,335) | (9,913) | (48,248) | (12,673) | |||
| Net movement In funds |
(45,679) | 1,249 | (44,430) | 175,138 | |||
| Reconciliation oftends | |||||||
| Total funds brought forward | 5,556,606 | 225,526 | 5,782,132 | 5,606,994 | |||
| Total funds carried forward | 5,510,927 | 226,775 | 5,737,702 | 5,782,132 |
| 2023 | 2022 | |
|---|---|---|
| E | 6 | |
| FIXEDASSETS | ||
| investment in College Buildings |
3322,497 | 3,422,497 |
| Inveslments | 2,180,892 | 2,301,928 |
| TOTAL FIXEDASSETS | 5,603,389 | 5,724,425 |
| CURRENT ASSETS | ||
| Cash held in investments | 97,921 | 32,780 |
| Cash at bank | 59,023 | |
| 170,961 | 91,803 | |
| CREDITORS | ||
| Amounts falling due within one year |
34,096 | |
| NET CURRENT ASSETS | 134,313 | 57,707 |
| TOTAL ASSETS | 5,737,702 | 5,782,132 |
| FUNDS OF THE CHARITY | ||
| Unrestricted funds |
226,775 | 225,526 |
| Endowment funds |
5,510,927 | 5,556,606 |
| 5,737,702 | 5,782,132 |
| Movement | in fixed asset listed | Unrestricted | Endowment | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| investments | ||||||
| Market value | brought forward at | |||||
| 6 April 2022 | 167,819 | 2,134,109 | 2,301,928 | 2,140,616 | ||
| Additions to | investments at cost |
179,181 | 846,923 | 1,026,104 | 902,776 | |
| Disposals at carrying value Net gain / (loss) on revaluation |
(156906) (7,921) |
(949,657) (33~) |
(1,105,963) (41,177) |
(905,872) 164,408 |
||
| Market value | as at 5April 2023 | 182,773 | 1,998,119 | 2,1802)92 | 2,301,928 | |
| Investment | atfair value | 2023 | 2022 | |||
| Compt(sed: | 6 | E | ||||
| Investments | held within the investment | portfolio | 2,1802)92 | 2301,928 | ||
| Total | 2,180,892 | 2,301,928 |
| 2022 | |||
|---|---|---|---|
| E | |||
| Accruals | 1,980 | 3,600 | |
| Grant provision | 34,668 | 30,496 | |
| 34,096 | |||
| UNRESTRICTED FUNDS | |||
| 2022 | |||
| E | |||
| Unrestricted | |||
| Fund balance as at | 6April 2022 | 225,526 | 188,364 |
| Net surplus/(deficit) | in year | 1,249 | 37,162 |
| Fund balance at 5 April 2023 | 226,775 | 225,526 |
| NDOWMENT FUNDS |
|||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| E | E | ||||||
| Fund balance as at 6April | 2022 | 5,556,606 | 5,418,630 | ||||
| Investment management |
costs | (12,423) | (13,066) | ||||
| Profit on sale ofinvestments | during the year | 5,079 | 171,074 | ||||
| Increase/(decrease) in value |
ofinvestments | during the | |||||
| year | (38935) | (20,032) | |||||
| Fund balance as at 5 April | 2023 | 5,510,927 | 5,556,606 | ||||
| NALYSIS OF NET ASSETS | BETWEEN FUNDS | ||||||
| Unrestricted | Fund | Endowment | Fund | Total | |||
| E | E | E | |||||
| Tangible fixed assets | 182,773 | 5,420,616 | 5.603,389 | ||||
| Other net current assets | 44,002 | 90,311 | 134,313 | ||||
| 226,775 | 5,510,927 | 5,717,071 |