| Reference and Administrative Details |
Reference and Administrative Details |
|
|---|---|---|
| Trustees' Report |
2to9 | |
| Independent Auditors' |
Report | 10to 12 |
| Statement of Financial | Activities | 13 |
| Statement of Financial | Activities | 14 |
| Balance Sheet | 15 | |
| Notes to the Financial | Statements | 16to27 |
| True'tees | J Fergusson | ||||||
|---|---|---|---|---|---|---|---|
| A Hill | |||||||
| L Islam | |||||||
| J Orchard | |||||||
| LJ Bone | |||||||
| J Kisenyi (appointed | 1 | March 2022) | |||||
| S Evans (appointed | 1 | March 2022) | |||||
| Principal Olrfce | 1st Floor | ||||||
| MILE House | |||||||
| Bridge End | |||||||
| Chester le Street | |||||||
| County Durham |
|||||||
| DH3 3RA | |||||||
| Administrator | &Trust Secretary | JAnderson | |||||
| Solicitors | Bircham Dyson Bell | ||||||
| 50 Broadway | |||||||
| Weslminster | |||||||
| London | |||||||
| SW1H OBL | |||||||
| Bankers | CAF Bank Limited | ||||||
| Head Office | |||||||
| Kings Hill |
|||||||
| West Malkng | |||||||
| Kent | |||||||
| ME194TA | |||||||
| Investment | Managers | Until December 2021 | |||||
| Rathbone Investment 8 Finsbury Circus |
Management | Limited | |||||
| London | |||||||
| EC2M TAZ | |||||||
| From December 2021 | |||||||
| Investec | |||||||
| 30 Gresham Street | |||||||
| London | |||||||
| EC2V TQN | |||||||
| Auditor | Azets Audit Services | ||||||
| Charlered Accountant |
& Slatutory | Auditor | |||||
| Bulman House |
|||||||
| Regent Centre | |||||||
| Gosforth | |||||||
| Newcastle upon Tyne |
|||||||
| NE3 3LS | |||||||
| Charity Registration | Number | 10T6803 |
| 2022 | ||||||
|---|---|---|---|---|---|---|
| Tatal | Total | |||||
| Unrestricted | Endowment | 2022 | 2021 | |||
| Note | 8 | |||||
| Incame and Endowments | fram: | |||||
| Investment income |
2 | 168,865 | 168,865 | 172,265 | ||
| Expenditure on: |
||||||
| Raising funds | (31,220) | (31,220) | (41,785) | |||
| Charitable acliviTies |
(228,181) | (228,181) | (219,588) | |||
| Tatal Expenditure | (228,181) | (31,220) | (259,401) | (261,373) | ||
| Gains/(Losses) on |
||||||
| investment assets |
(449,950) | (449,950) | 1,057,713 | |||
| Net (expenditure)fincome | (59,316) | (481,170) | (540,486) | 968,605 | ||
| Gross transfers between funds |
16 | OO,IIOO | ~66,006 | |||
| Net movement in funds |
684 | (541,170) | (540,486) | 968,605 | ||
| Reconciliation offunds |
||||||
| Talal funds brought | forward | 42,872 | 7,258,533 | 7,301,405 | 6,332,800 | |
| Tatal funds carried | forward | 16 | 43,558 | 6,717,363 | 6,760,919 | 7,301,405 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | 2021 | ||||
| Note | E | |||||
| Income end Endowments | from: | |||||
| Investment income |
2 | 172,265 | 172,265 | |||
| Expenditure on: |
||||||
| Raising funds | (41,785) | (41,785) | ||||
| Charitable acbviTies |
(219,588) | (219,588) | ||||
| Tolal expenditure | (219,588) | (41,785) | (261,373) | |||
| Gains/(losses) on investment |
assets | 1,057,713 | 1,057,713 | |||
| Net (expenditure)fincome | (47,323) | 1,015,928 | 968,605 | |||
| Gross transfers between |
funds | 80,000 | (80,000) | |||
| Net movement in funds |
32,677 | 935,928 | 968,605 | |||
| Reconciliation offunds |
||||||
| Tolal funds brought forward |
10,195 | 6,322,605 | 6,332,800 | |||
| Total funds carried forward | 42,872 | 7,258,533 | 7,301,405 |
| Balance | She | et | as at 30September 2022 |
|||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | 8 | |||||
| Fixed assets | ||||||
| Investments | 10 | 6,710,810 | 7,366,792 | |||
| Current assets | ||||||
| Debtors | 11 | 3,071 | ||||
| Investments | 12 | 175,486 | 56,685 | |||
| Cash at bank | and | in hand | 13 | 48,499 | 63,784 | |
| 223,985 | 123,540 | |||||
| Creditonn Amounts |
falling due within one year | 14 | (123,876) | (134,427) | ||
| Net current assetsl(liabilities) | 100,109 | (10,887) | ||||
| Total assets | less | current liabilities | 6,810,919 | 7,355,905 | ||
| Creditors: Amounts | falling due after more than one year | 15 | (50,000) | (54,500) | ||
| Net assets | 6,760,919 | 7,301,405 | ||||
| Funds ofthe | charity: | |||||
| Endowrnentfunds | 6,717,363 | 7,258,533 | ||||
| Unrestricted | income | funds | ||||
| Unrestricted funds |
43,556 | 42,872 | ||||
| Total funds | 16 | 6,760,919 | 7,301,405 |
| 2 Investment In |
co | me | |||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total | Total | |||
| General | 2022 | 2021 | |||
| 0 | f. | ||||
| Interest receivable | and similar income; | ||||
| Interest receivable | on bank deposits | 487 | 487 | ||
| Other investment | income | 168,378 | 168,378 | 172,265 | |
| 168,865 | 168,865 | 172,265 |
| a) Investment | management |
costs | ||||
|---|---|---|---|---|---|---|
| Endowment | ||||||
| funds | Total | Total | ||||
| 2022 | 2021 | |||||
| Direct costs | E | K | ||||
| Other investment | management | costs; | ||||
| Administration | ofthe investments | 31,220 | 31,220 | 41,785 | ||
| 31,220 | 31,220 | 41,785 | ||||
| 4 Expenditure |
on charitable | activities | ||||
| Unrestricted | ||||||
| funds | Total | Total | ||||
| General K |
2022 | 2021f | ||||
| Grant funding | of | activities | 187,000 | 187,000 | 182,000 | |
| Allocated support |
costs | 41,181 | 41,181 | 37,588 | ||
| 228,181 | 228,181 | 219,588 | ||||
| Support | Total | Total | ||||
| Direct costs | costs | 2022 | 2021 | |||
| K | F | |||||
| Grants | 192,MO | 192,000 | 191,000 | |||
| Grants wilhdrawn | from prior | |||||
| years | (5,MO) | (5,000) | (9,000) | |||
| Administrator | costs | 31,678 | 31,678 | 31,087 | ||
| Subscripbons | 2,156 | 2,156 | 2,450 | |||
| Website costs | 360 | 360 | 360 | |||
| Travel and subsistence | 1,503 | 1,503 | 710 | |||
| Audit fee | 2,880 | 2,880 | 2,880 | |||
| Bank charges | 118 | 118 | 101 | |||
| Trustee recruitment | 2,486 | 2,486 | ||||
| Total for2022 | 187,000 | 41,181 | 228,181 | 219,588 | ||
| Tolal for2021 | 182,000 | 37,588 | 219,588 |
| Support costs allocated to charitable | Support costs allocated to charitable | Support costs allocated to charitable | activities | |||
|---|---|---|---|---|---|---|
| Governance | Administration | Total | ||||
| Basis of allocation |
costsf | COStS f |
2022f | |||
| Administrator | costs | 10%/ | 90% | 3,168 | 28,510 | 31,678 |
| Subscriplions | 10%/ | 90% | 216 | 1,940 | 2,156 | |
| Web hosting | and domain name | 10%/ | 90% | 36 | 324 | 360 |
| Travel and subsistence | 100% | 1,503 | 1,503 | |||
| Audit fee | 100% | 2,880 | 2,880 | |||
| Bank charges | 100% | 118 | 118 | |||
| Trustee Recruitment | 100% | 2,486 | 2,486 | |||
| 10,407 | 30,774 | 41,181 | ||||
| Governance | Administration | Total | ||||
| Basis of allocation |
costsf | costsf | 2021f | |||
| Administrator | costs | 10%/ | 90% | 3,108 | 27,979 | 31,087 |
| Subscriplions | 10%/ | 90% | 245 | 2,205 | 2,450 | |
| Web hosting | and domain name | 10%/ | 90% | 36 | 324 | 360 |
| Travel and subsistence | 100% | 710 | 710 | |||
| Audit fee | 100% | 2,880 | 2,880 | |||
| Bank charges | 100% | 101 | 101 | |||
| 7,080 | 30,508 | 37,588 |
| Below are details | ofgrants awarded | split by catego | ry: | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Category | Activity | ||||
| Disability (11grants (2021 —12)) | Grant giving | 64,500 | 48,500 | ||
| Education (2grants (2021 - 4)) | Grant giving | 11,000 | 16,000 | ||
| Elderly People (7 | grants (2021 - 1)) Grant giving |
38,000 | 1,500 | ||
| Social Welfare (6 10)) |
grants (2021— | Grant giving | 36,500 | 63,000 | |
| Children and Young People (6 grants (2021 - 13) |
Grant giving | 42,000 | 62,000 | ||
| Grants Withdrawn | Grant giving | (5,0M) | (9,000) | ||
| 18r,uuu | 182,u00 | ||||
| Organisation | Round: | Scheme | Region | Amount | Phasing |
| Name | Round Name | Awarded | Approved | ||
| Eastboume | July-2022 | DISABILITY | South East | F6,000 | |
| Demenfia | |||||
| Action | |||||
| Alliance | |||||
| High Peak |
July-2022 | SOCIAL | East Midlands | F9,0M | |
| Homeless | WELFARE | ||||
| Help | |||||
| Amber Crisis |
July-2022 | SOCIAL | South East | F7,500 | |
| Pregnancy | WELFARE | ||||
| Care | |||||
| Home-Start | July-2022 | SOCIAL | South West | F3,0M | |
| Teignbridge | WELFARE | ||||
| Radio | July-2022 | ELDERLY | Wales | F4,0M | |
| Bronglais | |||||
| New Dawn |
July-2022 | YOUTH | South East | F3,000 | |
| Child Contact |
|||||
| Centre | |||||
| Yeovil | July-2022 | DISABILITY | South West | F7,5M | |
| Shopmobility | |||||
| Friends of |
July-2022 | ELDERLY | South West | F6,0M | |
| Heavitree | |||||
| Health Centre | |||||
| Sunderland | July-2022 | ELDERLY | North East | F6,0M | |
| MariTime | |||||
| Heritage | |||||
| Phoenix | July-2022 | SOCIAL | West | F6,0M | |
| Counselling | WELFARE | Midlands | |||
| Senilces |
| Maun Refuge | Maun Refuge | July-2022 | SOCIAL | East Midlands | E2,000 | 1 | |
|---|---|---|---|---|---|---|---|
| WELFARE | |||||||
| Croh am |
Hurst | March-2022 | ELDERLY | London | f4,000 | 2 | |
| Good Neighbours | |||||||
| Age Concern |
March-2022 | ELDERLY | South West | E6,000 | 3 | ||
| Sturminster | & | ||||||
| North Dorset | |||||||
| Cafe 100 | March-2022 | YOUTH | Yorkshire | and | E9,000 | 3 | |
| Hurnbe reide | |||||||
| FDM: For Disability | March-2022 | ELDERLY | Yorkshire | and | K3,000 | 1 | |
| Mobility | Hurnberside | ||||||
| Eastboume | March-2022 | ELDERLY | South East | E9,000 | 3 | ||
| Churches VisiTing |
|||||||
| Cedar Tree | March-2022 | SOCIAL | West Midlands | K9,000 | 3 | ||
| WELFARE | |||||||
| Headway | March-2022 | DISABILITY | North East | 26,000 | 3 | ||
| Darlington | and | ||||||
| District | |||||||
| The ACE Project | March-2022 | YOUTH | East of England | B),000 | 3 | ||
| Rolherharn | Talking | March-2022 | DISABILITY | Yorkshire | and | E9,000 | 3 |
| Newspaper | Hurnbe reide | ||||||
| Timesavers | March-2022 | DISABILITY | North West | E3,000 | 1 | ||
| CAST | March-2022 | EDUCATION | National | E5,000 | 2 | ||
| Lake | District | November-2021 | DISABILITY | North West | E3,000 | 1 | |
| Mobility | |||||||
| SAFE (Supporbng |
November-2021 | DISABILITY | South East | E3,000 | 1 | ||
| Asperger Families |
|||||||
| in Essex) | |||||||
| Liquid Vibrations | November-2021 | DISABILITY | National | &3,000 | 1 | ||
| Child and |
Family | November-2021 | YOUTH | North West | E9,000 | 3 | |
| Connect | |||||||
| Sign and |
Share | November-2021 | DISABILITY | Wales | E9,000 | 3 | |
| Club | |||||||
| COMMUNITY | November-2021 | YOUTH | South West | E9,000 | 3 | ||
| REGENERATION | |||||||
| OUTREACH | |||||||
| PROJECTS | LTD | ||||||
| (CROPS) |
| 022 | ||||||
|---|---|---|---|---|---|---|
| Hereward | Heat | November-2021 | DISABILITY | East of England | E7,500 | 3 |
| Wheelchair | ||||||
| Basketball Club |
||||||
| Montgomeryshire | November-2021 | YOUTH | Wales | C3,000 | 1 | |
| Youth Theatre | ||||||
| Charlton Riding |
for | November-2021 | DISABILITY | London | E7,500 | 3 |
| the Disabled | ||||||
| Norfolk SEN Network | November-2021 | EDUCATION | East of England | F6,000 | 2 |
| Net outgoing resources for |
the year include: | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| F | |||||
| Audit fees | 2,880 | 2,880 | |||
| 9 Trustees remuneration | and expenses | ||||
| During the year the charity | made the following | transacbons | with trustees: | ||
| A Hill |
| 10Fixed asset investments | ||
|---|---|---|
| 2022 | 2021f | |
| Other investments | 6,710,810 | 7,366,792 |
| Other investments | ||
| Listed | ||
| investments | Total | |
| E | k | |
| Cost or Valuation | ||
| At 1 October 2021 | 7,366,792 | 7,366,792 |
| Additions | 6,602,060 | 6,602,060 |
| Disposals | (6,953,596) | (6,953,596) |
| Investment (losses) Igains in the year |
(304,446) | (304,446) |
| At 30September 2022 | 6,710,810 | 6,710,810 |
| Net book value | ||
| At 30September 2022 | 6,710,810 | 6,710,810 |
| At 30September 2021 | 7,366,792 | 7,366,792 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| f. | k | |||||
| UK holdings | Equities | 798,250 | 2,544,360 | |||
| Gills | 379,815 | |||||
| Other fixed 8 | variable | Interest | 395,028 | 1,105,616 | ||
| Property | fund | 402,197 | 388,386 | |||
| Infrastructure | fund | 279,029 | ||||
| Non-UK holdings | Equities | 5,115,336 | 2,672,586 | |||
| 6,710,811 | 7,369,792 |
| Total funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | at 30 | |||
| funds | funds | September | |||
| General 8 |
Expendable | 2022f | |||
| Fixed asset investments | 6,710,810 | 6,710,810 | |||
| Current | assets | 217,432 | 6,553 | 223,985 | |
| Current Creditors |
liabiliTies over 1 year |
(123,876) ~50.000 |
(123,876) ~50.000 |
||
| Total net assets | 43,556 | 6,717,363 | 6,760,919 | ||
| Total funds | |||||
| Unrestricted | Endowment | at 30 | |||
| funds | funds | September | |||
| General K |
Expendable f |
2021 | |||
| Fixed asset investments | 7,366,792 | 7,366,792 | |||
| Current | assets | 123,540 | 123,540 | ||
| Current | liabiliTies | (26,168) | (108,259) | (134,427) | |
| Creditors | over 1 year | (54,500) | (54,500) | ||
| Total net assets | 42,872 | 7,258,533 | 7,301,405 | ||
| 18Analysis ofnet funds | |||||
| At 30 | |||||
| At 1 October | Financing | September | |||
| 2021 | cash flows | 2022 | |||
| f. | |||||
| Cash at | bank and | in hand | 63,784 | (15,285) | 48,499 |
| Current | asset investments | 56,685 | «8,801 | 175,486 | |
| Net debt | 120,469 | 103,516 | 223,985 | ||
| At 30 | |||||
| At 1 October | Financing | September | |||
| 2020 | cash flows f |
2021 | |||
| Cash at Current |
bank and in hand asset investments |
73,709 392,703 |
(9,925) ~336,018 |
63,784 56,685 |
|
| Net debt | 466,412 | (345,943) | 120,469 |