BALDN's BRIDGE TRUST FINANCIAL STATEMENTS 31 MARCH 2023
BALDWIN'S BRIDGE TRUST FINANCIAL STATEIAENTS 31 MARCH 2023 REPORTOF ThE INtIEPENOENf AUDfTORS &7 STATEMENf FIIWKIIL ACTf4rnES 10
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REPORT OF THE TRUSTEES 31 IAARCH 2023 Dth th/•1 /ao¥
| OR THE YEAR ENDED 31 MA | RCH 2 | 023 | ||||
|---|---|---|---|---|---|---|
| Note | Unrestricted funds 8 |
Endowment funds 8 |
Total 2023 8 |
Total 2022 6 |
||
| INCOME AND ENDOWMENTS investments |
2 | 279,741 | 279,741 | 251,679 | ||
| Charitable acthrldes Institute leiiings Total income |
27,322 307063 |
27 322 307063 |
10259 261 $3$ |
|||
| EXPENDITURE | ||||||
| Charitable acthrides Grants and donations Institute operating costs Other expenditure |
3 4 |
21,135 32,614 25463 79212 |
21,135 32,614 25463 79212 |
37,992 28,000 14599 785$1 |
||
| Property Costs Building repairs and insurance Property management costs |
61,320 49733 111053 |
61,320 49733 111053 |
79,912 51 848 131660 |
|||
| Governance costs |
4140 | 4140 | 3720 | |||
| Total expenditure | 194405 | 1$4405 | 213971 | |||
| Net Income/(expenditure) | 112,668 | 112,658 | 47,$67 | |||
| before investment galnsl(losses) |
||||||
| Nei (losses)/gains on |
8 | (21,932) | 4,009350 | 3,986,418 | 48,802 | |
| investments | ||||||
| Net (expenditure) and |
90,726 | 4,008,360 | 4,0$S,076 | $6,7SS | ||
| net movement In funds |
||||||
| Reconciliation offunds | ||||||
| Total funds brought fonvard |
847,059 | 4,958,750 | 5,903,809 | 5,707,040 | ||
| Total funds carried forward | $37,786 | 8,$65,100 | $,902,881 | 5,803,80$ |
| Fixed Assets | |||||
|---|---|---|---|---|---|
| Investments | 9655619 | 5641 080 | |||
| Cunent Assets | |||||
| Debtors | 27,878 | 24,378 | |||
| Cash at Bank | and in | hend | 235 10 | 159655 | |
| Total current | assets | 263 088 | 184031 | ||
| Credttonu mnounts |
fa8ln9 due | 10 | 15,822 | 21,302 | |
| within one year | |||||
| 247266 | 162729 | ||||
| TOTAL NET | ASSETSOR UABIUTIES | 9902 885 | 5803 809 | ||
| Funds ofthe Charity | |||||
| Endowment | funds | 11 | 8,955,100 | 4,956,750 | |
| Unrestdcted | funds | 12 | 937,785 | 847,059 | |
| Total Funds | 9902 885 | 5803809 |
| OR THE YEAR END | ED 3 | 1 MARCH 2023 | ||
|---|---|---|---|---|
| 2023 | ||||
| 8 | ||||
| 2. Investment Income |
||||
| From rent received on investment | properties | 251,340 | 228,450 | |
| From investments listed on |
a recognised stock exchange | 28,121 | 23,219 | |
| Other bank interest | 280 | 10 | ||
| 279741 | 261 679 | |||
| 3. Grants and donadons | made | |||
| Donation to Thames Hospice | 10,000 | |||
| Schools - Eton Pomey &Eton Wick | 3,770 | 17,491 | ||
| Donation to Eton Com. Assoc. Xmas Lights iBames Pool | 2,500 | 1,658 | ||
| Donation to Eton Wick Football Club | 1,880 | 2,435 | ||
| Donation to Red Cross | 1,000 | |||
| Eton VVlck Village Hall | 1,500 | |||
| Thames Valley Air Ambulance | 5,000 | |||
| Dash | 1,500 | |||
| Talking Newspapers | 1,000 | |||
| Windsor Christian Trust |
1,000 | |||
| Other donations | 4,485 | 3,910 | ||
| 21 136 | 37892 |
| Other expenditure | Other expenditure | ||
|---|---|---|---|
| Clerk salary/fees | and expenses | 8,525 | 6,591 |
| Treasurer fee and | expenses | 8,413 | 8,008 |
| Bad debts | 10525 | ||
| 26483 | 14S98 | ||
| 6. Governance | costs | ||
| Audit Fee | 4140 | 3720 | |
| 6. Payroll costs | |||
| Salarcost | 14137 | 13626 |
| As at 31Marsh 2023 | As at 31Marsh 2023 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The UK quoted investments | at fair | value comprised: | Value | Portfolio | ||||||
| 8 | %age | |||||||||
| M&G Charifund (accumulating) |
337,490 | 51 | ||||||||
| BlsckRock Charishare | (accumulating) | 353029 | 49 | |||||||
| 690519 | ||||||||||
| In December 2014 | the investment | with CCLA COIF fund was liquidated. | This | fund was historically | ||||||
| linked to Pote Benwell Simpson and on encashment | produced 221,000. | The Trustees agreed | ||||||||
| that the Christmas | voucher | scheme be continued as long as | it was considered | appropriate. | ||||||
| 2023 | 2022 | |||||||||
| 6 | 6 | |||||||||
| Other debtors | 27878 | 24376 | ||||||||
| 10. Creditors | 2023 | 2022 | ||||||||
| 8 | 6 | |||||||||
| Trade creditors | 317 | 6,522 | ||||||||
| Taxation and social security costs | 2,968 | 620 | ||||||||
| Accruals | 12,537 | 4,260 | ||||||||
| Deferred income | 9900 | |||||||||
| 16822 | 21 302 | |||||||||
| 11. Endowments | Balance at | Unreallsed | Balance at | |||||||
| 01&pr-22 | Gain | 31-Mar-23 | ||||||||
| 8 | 6 | ft | ||||||||
| Permanent endowments: |
||||||||||
| Freehold investment | properties | 4 966760 | 4008350 | 8 | 966100 |