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|||Page|
|---|---|---|
|Report ofthe trustees||2-4|
|Report ofthe auditors||5-7|
|Statement offinancial|activities||
|Balance sheet|||
|Notes forming part ofthe financial statements||10—13|
|Detailed statement offinancial activities||14|
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|Reference|and administrative|and administrative|details|||
|---|---|---|---|---|---|
|Trustees||||RHarris - Chairman||
|||||A JAskham||
|||||Ms C Cunio||
|||||Ms LForster||
|||||Mrs KVowles||
|||||Councillor DPaffey (resigned 31.05.23)||
|||||Councillor A Winning|(appointed 01.06.23)|
|Charity No||||1079137||
|Clerk to the||trustees||DA Hoare F.C.A. (retired 01.09.23)||
|||||N JLapage A.C.A. (appointed 01.09.23)||
|Principal|otIIce|||Ashton House||
|||||12The Precinct||
|||||Winchester Road||
|||||Chandlers
Ford||
|||||Eastleigh SO53 2GB||
|Accountants||||Secretarial Law Ltd||
|||||Ashton House||
|||||12The Precinct||
|||||Winchester
Road||
|||||Chandlers
Ford||
|||||Eastleigh SO53 2GB||
|Auditors||||Westlake Clark Audit|LLP|
|||||7 Lynwood Court||
|||||Priestlands
Place||
|||||Lymington
SO41 9GA||
|Bankers||||Lloyds Bank pic||
|||||Above Bar Street||
|||||Southampton
SO147DT||
|Solicitors||||Abels||
|||||6 College Place||
|||||London Road||
|||||Southampton
SO152XL||
|Investment||managers||Rathbones||
|||||Fiennes House||
|||||32 Southgate Street||
|||||Winchester
SO23 9EH||
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|||||||||2023||||2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted
Funds||||||Total|
|Note|||||Capital|||income||Total||Funds|
||Income and Endowments||from:||||||||||
|2|Investments
Grants receivable||||||42,540
~25 000||42,540
~25 000|||29,793|
||Total income||||||~67 540||~67540||~29 793||
||Expenditure
on:||||||||||||
|3
4|Raising funds
Charitable
activities|||(|2,728)||(
712)
(~35i71||(
3,440)
(~35 171||(
9,930)
~3tl 940||
||Total expenditure|||(|2728)||(|35883)|(~38611)||(~40 870||
|6
7|Revaluation
loss
Net (loss)/gains|on investment
on investments|property|(
9,375)
(~27 067|||||(
9,375)
(~27067)||~7 884||
||Net movement|in funds||(|39,170)|||31,657|(|7,513)|(|3,193)|
||Reconciliation|offunds|||||||||||
||Total funds brought
forward||||752453|||95,236||847,489||850,682|
|11|Total funds carried forward||||713,083|||126,893||839,976||847,489|
##
|||Balance S|heet as at31stMarch 2023|||
|---|---|---|---|---|---|
||||||2022|
|Notes||||||
||Fixed assets|||||
|6
7|Investment
pmperty
Investments|||406750
~333
81|415,625
~366 355|
|||||739,531|~781 980|
||Current
assets|||||
|8|Debtors
Cash at bank||2,570
~115338||2,450
~79 351|
||||117,908||81,801|
|9|Current liabilities:
Creditors||~17463||~16292|
||Net current|assets||100,445|65,509|
|10|Total net assets|||839,976|847,489|
||Funds|||||
|11
11|Unrestricted
Unrestricted|capita1
income||713,083
126,893|752353
95436|
|||||839,976|847,489|
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||(k)|Judgements
in applying|Judgements
in applying|accounting|accounting|policies and key sources ofestimation|policies and key sources ofestimation|policies and key sources ofestimation|policies and key sources ofestimation|policies and key sources ofestimation|uncertainty|uncertainty||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Estimates
aud judgements||are|continually||evaluated
aud|are based|on|historical||experience||and other factors,||||
|||including
expectations|offuture||events|that|are believed to|be reasonable||under|the|circumstances.|||Although||these|
|||estimates are management's||best knowledge|||ofthe amount,|events or|actions, actual|||amounts|ultimately|||may differ||
|||fiom those estimates.||||||||||||||||
|||||||||||||2023|||||2022|
|2|Investment
income|||||||||||||||||
||Rents receivable|||||||||||32,500|||||15,148|
||Dividends —equities|||||||||||10,009|||||12,526|
||Interest —fixed interest securities|||||||||||31|||||2 119|
|||||||||||||42 540|||||29 793|
|3|Expenditure
on raising||funds|||||||||||||||
||Stock market investments:|||||||||||||||||
||Investment
management||fees|||||||||2,728|||||3,003|
||Property costs:|||||||||||||||||
|||Rates|||||||||||||||2,994|
|||Insurance|||||||||(|158)|||||76|
|||Occupancy|||||||||||||(||500)|
|||Professional
fees||||||||||725|||||3,618|
|||VAT paid||||||||||145|||||739|
|||||||||||||3 440|||||9 9311|
|4|Expenditure
on charitable|||activities||||||||||||||
||Grants paid and authorised:|||||||||||g||||||
|||Grants under f1,000 benefitting|||361 (2022:438) children:|||||||23,311|||||20,852|
|||Governance
aud support|costs|||||||||11860|||||10088|
|||||||||||||35 171|||||30944|
||There is only one charitable||activity||being|the payments ofgrants for the|||provision of|||school clothing|||and|equipment||
||for|children
in need.||||||||||||||||
||Governance
and support||costs|||||||||||||||
|||Audit fee||||||||||1,285|||||1,391|
|||Accountancy
fc administration||||||||||8,306|||||6,757|
|||Trustees indemnity
insurance||||||||||296|||||296|
|||Postage/mileage||||||||||119|||||88|
|||VAT paid||||||||||I 854|||||1556|
|||||||||||||11,860|||||10088|
##
##
||Mr NILapage was paid f3|00(2022:f300)for bookkeeping
services.|||||
|---|---|---|---|---|---|---|
|6|Investment
property|||2023||2022|
||Investment
property: 2,4&|6London Road, Southampton|||||
||Valuation
at 1st April 2022|||415,625||415,625|
||Revaluation
loss|||9 3757|||
||Valuation
at 31stMarch 2023|||406 250||415 625|
||The investment
property
has|been valued by tho trustees at fair value|for existing use.||||
|7|Fixed asset investments|—listed investments|||||
||Market value at 1stApril 2022|||366,355||360,861|
||Acquisitions
at cost and cost adjustment|||16,881||150,916|
||Proceeds fiom dispossis||(|22,888)|(|153,306)|
||(Losses)/gains
in the year|||27 0671||7 884|
||Market value at 31stMarch|2023||333281||366 355|
||Investments
at market value|comprised:-|||||
||UK equities|||304,494||360,449|
||Overseas equities|||28 787||5 906|
||Historicalcostat31stMarch|2023||333281||366 355|
##
|8|Debtors|||||
|---|---|---|---|---|---|
||Prepayments|and|accrued income|2 570|2450|
|9|Creditors|||||
||Other creditors|||30|30|
||Grants approved||but not paid|2,711|3,407|
||Accruals and|deferred income||14722|12 855|
|||||17463|16 92|
##
##
||Notes formin
art ofthe tntancial
st|atements
for the
ear|ended 31stMa|ended 31stMa|rch|2023|
|---|---|---|---|---|---|---|
|10|Analysis oftotal net assets by fund|Unrestricted
capital|Unrestricted
income|||Total|
||Fixed assets - investment
property
- inveslments
Net current assets|406450
333,281
~26448)||126 893||406,250
333,281
100446|
|||713083||126 893||839976|
|11|Outline summary
offund movements|Unrestricted
capital|Unrestricted
income|||Total|
||Fund balances brought
forward
Incoming resources
Outgoing resources
Gains and losses|752,253
(
2,728)
(
36442)|(|95,236
67,540
35,883)|(
(|847,489
67,540
38,611)
36 442)|
||Fund balances carried forward|713 083||126 893||839976|
##