| ECONCILIATION | OF GRANT | S PAID AS ABOVE WITH FI | GURES SHOWN IN THE ACC |
OUNTS |
|---|---|---|---|---|
| 2023 | 2022 | |||
| f | E | |||
| Substantial ongoing support |
213,000 | 111,700 | ||
| Small Grants Programme | 170,250 | 118,000 | ||
| Trustees' Grants |
24,000 | 13,000 | ||
| Total Grants Paid | 407,250 | 242,700 | ||
| Less: Awarded in |
previous | year(s) | 39,000 | 42,500 |
| 368,250 | 200,200 | |||
| Add: Allocated for payment | in future years | 15,000 | 39,000 | |
| Grants as shown | ln the accounts | 383,250 | 239,200 |
| NOTE | UNRESTRICTED | PERMANENT | TOTAL | TOTAL | |||
|---|---|---|---|---|---|---|---|
| FUND | ENDOWIVIENT | FUNDS | FUNDS | ||||
| FUND | 2/12/23 | 2/12/22 | |||||
| E | E | ||||||
| INCOME | |||||||
| Property Income |
3,063 | 3,063 | 2,918 | ||||
| Net Income from | Investments | 155,337 | 47,950 | 203,287 | 209,909 | ||
| Bank interest | 2,538 | 2,538 | 201 | ||||
| Other income -Doris | Bayless Trust | 10 | 167,320 | 167,320 | 200 | ||
| TOTAL | 328,258 | 47,950 | 376,208 | 213,228 | |||
| EXPENDITURE | |||||||
| Cost of generating | funds | 34,331 | 8,236 | 42,567 | 43,669 | ||
| Grant Expenditure | 383,250 | 383,250 | 239,200 | ||||
| Grant related support | costs | 32,244 | 32,244 | 25,748 | |||
| COST OF GRANT-MAKING | |||||||
| Governance costs |
10,308 | 10,308 | 14,259 | ||||
| TOTAL | 460,133 | 8,236 | 468,369 | 322,876 | |||
| NET OUTGOING | RESOURCES FOR YEAR | BEFORE | |||||
| OTHER RECOGNISED | GAINS & LOSSES | (131,875) | 39,714 | (92,161) | (109,648) | ||
| Net gains/{losses) | on investments | (117,870) | (42,760) | (160,630) | (483,397) | ||
| NET INCOME | (249,?45) | (3,046) | (252,791) | (593,045) | |||
| Reallocation of reserves |
47,224 | (47,224) | |||||
| NET MOVEMENT | IN FUNDS | (202,521) | (50,270) | (252,791) | (593,045) | ||
| BALANCE BROUGHT | FORWARD | 7,204,417 | 1,609,132 | 8,813,549 | 9,406,594 | ||
| BALANCE CARRIED FORWARD | 7,001,896 | 1,558,862 | 8,560,758 | 8,813,549 |
| UNRESTRICTED | PERMANENT | TOTAL | TOTAL | ||
|---|---|---|---|---|---|
| NOTE | FUND | ENDOWMENT | FUNDS | FUNDS | |
| FUND | 02/12/23 | 02/12/22 | |||
| E | E | E | |||
| FIXEDASSETS(at market value j | |||||
| Investment property |
87,500 | 87,500 | 87,500 | ||
| Investments —Shareholdings |
6,262,560 | 1,558,862 | 7,821,422 | 8,338,571 | |
| TOTAL FIXEDASSETS | 6,350,060 | 1,558,862 | 7,908,922 | 8,426,071 | |
| CURRENT ASSETS | |||||
| Debtors | 9 | 402 | 402 | 402 | |
| Doris Bayless Trust Debtor | 10 | 167,320 | 167,320 | ||
| Cash at Bank and in Hand | 508,654 | 508,654 | 435,196 | ||
| TOTAL CURRENT ASSETS | 676,3?6 | 676,376 | 435,598 | ||
| UABILITIES | |||||
| Creditors falling due within one year | 24,540 | 24,540 | 48,120 | ||
| hIET CURRENT ASSETS | 651,836 | 651,836 | 387,478 | ||
| TOTAL NET ASSETS | 7,001,896 | 1,558,862 | 8,560,758 | 8,813,549 |
| NOTE | TOTAL | TOTAL | |||
|---|---|---|---|---|---|
| FUNDS | FUND5 | ||||
| 2023 | 2022 | ||||
| E | E | ||||
| NET CASH USED IN | |||||
| OPERATING ACTIVITIES | 13 | (311,756) | (604,311) | ||
| NET CASH PROVIDED BYINVESTING ACTIVITIES | |||||
| Net Cash Received income | 208,888 | 213,228 | |||
| Net Proceeds from investment | |||||
| Additions at cost | (2,251,642) | (3,037,436) | |||
| Disposal proceeds | 2,427,968 | 3,187,397 | |||
| 176,326 | 149,961 | ||||
| 385,214 | 363,189 | ||||
| CHANGE IN CASH AND CASH |
|||||
| EQUIVALENTS FOR THE YEAR | 73,458 | (241,122) | |||
| CASH AND CASH EQUIVALENTS | |||||
| BROUGHT FORWARD | 435,196 | 676,318 | |||
| CARRIED FORWARD | 508,654 | 435,196 |
| 3. INVE5TMENT |
INCOME | 2023 | 2022 | ||||
| f | f | ||||||
| Dividends | 170,851 | 196,509 | |||||
| Interest on Securities | & | Cash | Deposits | 32,426 | 13,400 | ||
| 203,287 | 209,909 | ||||||
| 4. COST OF GENERATING |
FUNDS | ||||||
| Investment management |
fees | 42,567 | 43,669 | ||||
| ALLOCATION | OF | SUPPORT COSTS | |||||
| GRANT | |||||||
| IVIAKING | GOVERNANCE | ||||||
| 2023f | 2023 f |
2023 E |
2022f | ||||
| Secreta r ial Costs and |
Expenses | 21,701 | 768 | 22,469 | 20,949 | ||
| ITSoftw are and consumables |
1,260 | 1,260 | 2,160 | ||||
| Subscrip Trustees tI on s ' Expenses |
513 174 |
513 174 |
1,175 180 |
||||
| General p ex enses |
946 | 946 | 941 | ||||
| Legal expenses | |||||||
| PO Boxnumber | 396 | 396 | 378 | ||||
| Audit and accountancy | Fees | 4,724 | 9,540 | 11,838 | 11,838 | ||
| Insurance | 280 | 280 | 336 | ||||
| IT Support | 2,250 | 2,250 | 2,050 | ||||
| 32,244 | 10,308 | 42,552 | 40,007 |
| 8. INVESTIVIENTS |
||
|---|---|---|
| SHAREHOLDINGS | 2023 | 2022 |
| E | E | |
| MOVEMENT IN FIXED AS5ET LISTED INVESTMENTS |
||
| Market Value at 3rd December | 8,338,571 | 8,698,514 |
| Additions at Cost |
2,251,642 | 3,037,436 |
| Disposals at cost Revaluations |
(2,177,901) (410,698) |
(2,225,710) (1,445,083) |
| Cash balance movement | (180,192) | 273,414 |
| MARKET VALUE AT 2nd DECEMBER | 7,821,422 | 8,338,571 |
| HISTORICAL COST AT 2nd DECEMBER | 7,183,002 | 7,288,264 |
| INVESTMENTS AT | INVESTMENTS AT | FAIR | VALUE COMPRISED | 2023 | 2022 |
|---|---|---|---|---|---|
| E | E | ||||
| Bonds | 8 Fixed interest | Securities | 389,782 | 227,050 | |
| UK Equities | 1,832,356 | 2,255,795 | |||
| Overseas Equities |
4,175,812 | 3,769,249 | |||
| Global | Investments | 531,347 | 533,707 | ||
| Property | 210,779 | 250,474 | |||
| Other | 588,125 | 1,028,882 | |||
| Bank | balances | 93,221 | 273,414 | ||
| 7,821,422 | 8,338,571 | ||||
| 9. | DEBTORS | 2023 f |
2022 E |
||
| Rochford Estates-apportionments | 222 | 222 | |||
| Subscription | prepayment | 180 | 180 | ||
| 402 | 402 |
| AMOUNTS FALLING DUE WITHIN |
ONE YEAR | 2023 | 2022 | |
|---|---|---|---|---|
| E | E | |||
| Audit Fee | 9,540 | 9,120 | ||
| Grants Payable | 15,000 | 39,000 | ||
| 23,540 | 48,120 | |||
| 12, | GRANT COMMITIVIENTS | |||
| The Charity had no commitments f15,000(2022 E39,000). |
at the balance sheet date other than to pay grants awarded of |
| 13. | RECONCILIATION OF NET |
MOVEMENT | IN FUNDS TO NET CASH | FLOW FROM | OPERATING | |
| ACTIVITIES | ||||||
| 2023 | 2022 | |||||
| E | E | |||||
| Net movement in funds Deduct investment income 8 donations Deduct increase in debtors |
(252,791) (208,888) (167,320) |
(593,045) (213,228) |
||||
| Deduct realised gains on investments | (250,067) | (961,687) | ||||
| Add unrealised gains on investments |
410,698 | 1,445,083 | ||||
| Deduct unrealised gain on |
Investment | property | ||||
| Deduct decrease in creditors |
(23,580) | (8020) | ||||
| Add/(Deduct) investment |
cash movement | 180,192 | (273,414) | |||
| Net cash used in operating | activities | (311,756) | (604,311) | |||
| 14. | FINANCIAL INSTRUMENTS | |||||
| 2023 | 2022 | |||||
| E | E | |||||
| FINANCIAL ASSETS | ||||||
| Financial assets measured | at fair value | through | income and | |||
| expenditure | 7821422 | 8 338571 |