| Trustees | Harry Friedberg | ||
|---|---|---|---|
| Michael Gillard |
|||
| Melvyn Marckus |
|||
| Maura McDermott | |||
| Marilyn Ordover |
|||
| Richard Singer | |||
| Secretary | Michael Gillard | ||
| Charity number | 1078955 | ||
| Company | number | 03821824 | |
| Registered | office | Victoria House | |
| 26 Tilehouse Street | |||
| Hitchin | |||
| Hertfordshire | |||
| SG5 2DY | |||
| Independent | Examiner | Heather Wheelhouse | |
| BDO LLP | |||
| Bridgewater House |
|||
| Counterslip | |||
| Bristol | |||
| BS16BX | |||
| Bankers | HSBC Pic | ||
| The Helicon | |||
| 1 South Place | |||
| London | |||
| EC2M 2UP | |||
| Solicitors | Ross Williams | ||
| Victoria House | |||
| 26 Tilehouse Street | |||
| Hitchin | |||
| Herffordshire | |||
| SG5 2DY |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| Note | 2022 | 2021 | ||
| Income from: | ||||
| Investment income |
40,953 | 36,130 | ||
| Other income | 822 | 1,070 | ||
| Total | 41,775 | 37,200 | ||
| Expenditure on: |
||||
| Raising funds | 17,046 | 14,550 | ||
| Charitable activities |
285,618 | 172,664 | ||
| Total | 302,664 | 187,214 | ||
| Net Gain on investments | 10 | 48,192 | 407,690 | |
| Net (expenditure)/income | (212,697) | 257,676 | ||
| Other recognised | gains/(losses) | |||
| Foreign exchange gain/(loss) | 73,414 | (127,464) | ||
| Net movement in funds |
(139,283) | 130,212 | ||
| Fund balances at 1 April 2021 | 2,239,976 | 2,109,764 | ||
| Fund balances at | 31 March 2022 | 2,100,693 | 2,239,976 |
| Note | 2022 | 2022 | 2021 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||||
| Investment | property | 9 | 850,000 | 850,000 | |||||
| Investments | 10 | 1,401,981 | 1,447,420 | ||||||
| Current assets | |||||||||
| Cash at bank | and | in hand | 1,994 | 2,249 | |||||
| Creditors: | |||||||||
| Amounts falling due within one |
|||||||||
| year | 12 | (78,599) | (59,693) | ||||||
| Net current | liabilities | (76,605) | (57,444) | ||||||
| Total assets | less | current | |||||||
| liabilities | 2,175,375 | 2,239,976 | |||||||
| Creditors: | |||||||||
| Amounts falling due after more |
|||||||||
| than one year | 12 | (74,681) | |||||||
| Net assets | 2,100,693 | 2,239,976 | |||||||
| Unrestricted | funds | ||||||||
| Designated | investment | property | |||||||
| fund | 14 | ||||||||
| -cost | 350,000 | 350,000 | |||||||
| - revaluation | reserve | 500,000 | 500,000 | ||||||
| 850,000 | 850,000 | ||||||||
| General reserve | 1,250,693 | 1,389,976 | |||||||
| Funds | 2,100,693 | 2,239,976 |
| Other income | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| F | ||||||||||
| Reimbursement | of insurance | and other | costs | 812 | 1,069 | |||||
| Interest | 10 | 1 | ||||||||
| 822 | 1,070 | |||||||||
| Total expenditure | ||||||||||
| 2022 | 2021 | |||||||||
| Raising funds | (see below) | 17,046 | 14,550 | |||||||
| Charitable expenditure |
(see below) | 305,374 | 172,664 | |||||||
| 322,421 | 187,214 | |||||||||
| Costs relating | to | raising | funds | comprise: | ||||||
| Insurance | 1,694 | 1,662 | ||||||||
| Investment management |
fees | 15,352 | 12,888 | |||||||
| 17,046 | 14,550 | |||||||||
| Costs relating | to | charitable | expenditure | comprise: | ||||||
| Donations: | ||||||||||
| Centre for Investigative | Journalism | |||||||||
| - Payments | for projects | 12,745 | ||||||||
| City University | of New York, Craig Newmark | Journalism | School | 263,597 | 108,719 | |||||
| Scholarships and student |
support | |||||||||
| Pro Publica | ||||||||||
| - Fellowships | 54,375 | |||||||||
| Exchange rate | differences | 3,929 | ||||||||
| Archive costs | 318 | 300 | ||||||||
| Legal fees | 629 | 5,288 | ||||||||
| 281,218 | 168,682 | |||||||||
| Support costs: | ||||||||||
| Independent examiner |
fees | 2,122 | 2,028 | |||||||
| Accountancy fees |
1,890 | 1,800 | ||||||||
| Tax withheld | 294 | 78 | ||||||||
| Bank charges | 94 | 76 | ||||||||
| 285,618 | 172,664 |
| Investments | ||||||
|---|---|---|---|---|---|---|
| Value at | Foreign | Value at | ||||
| 31 March | exchange | Purchases | Disposals | Revaluation | 31 March | |
| 2021 f |
movements f |
at costf | at Cost f |
gains f |
2022 f |
|
| Equities- | ||||||
| US quoted | 1,420,292 | 72,048 | 430,407 | (586,716) | 48,192 | 1,384,222 |
| Cash | ||||||
| deposits | 27,128 | 1,375 | 627,679 | (638,424) | 17,758 | |
| 1,447,420 | 73,423 | 1,058,086 | (1,225,140) | 48,192 | 1,401,981 |
| Creditors | ||
|---|---|---|
| 2022f | 2021f | |
| Amounts falling due within one year |
||
| Other creditors and accruals | 3,918 | 59,693 |
| Grants payable | 74,681 | |
| 75,599 | 59,693 | |
| Amounts falling due after more than one year |
||
| Grants payable | 74,681 |
| Funds | ||||||
|---|---|---|---|---|---|---|
| Balance at | Transfer | Balance at | ||||
| 1 April | Incoming | Resources | between | 31 March | ||
| 2021 | Resources | Expended | funds F |
2022 f |
||
| Property | reserve | 850,000 | 850,000 | |||
| General | reserve | 1,389,976 | 183,138 | (322,421) | 1,250,693 | |
| 2,239,976 | 183,138 | (322,421) | 2,100,693 | |||
| Balance at | Transfe'r | Balance at | ||||
| 1 April | Incoming | Resources | between | 31 March | ||
| 2020 | Resources | Expended | funds | 2021 | ||
| f. | ||||||
| Property | reserve | 850,000 | 850,000 | |||
| General | reserve | 1,259,764 | 37,200 | 93,012 | 1,389,976 | |
| 2,109,764 | 37,200 | 93,012 | 2,239,976 |