| Page | |||
|---|---|---|---|
| Statement ofthe Trustees' | Responsibilities | ||
| Trustees' Report |
2-7 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial | Activities | ||
| Balance Sheet | 10 | ||
| Notes to the Accounts | 11-15 |
| Reference | and Administrative | and Administrative | Detaits | |||
|---|---|---|---|---|---|---|
| Charity registration | number | 1080021 | ||||
| Principal address | 9 New Square | |||||
| Lincoln's Inn |
||||||
| London WC2A | 3QN | |||||
| Trustees | Wilfdd Edward | Vernor-Mlles | ||||
| John Crosfield | Vernor-Miles | |||||
| Independent | Examiners | Burgess Hodgson | LLP | |||
| Chartered Accountants |
||||||
| 27 New Dover | Road | |||||
| Canterbury | ||||||
| Kent | ||||||
| CT1 3DN | ||||||
| Solicitors | Hunters Law LLP |
|||||
| g New Square | ||||||
| Lincoln's Inn |
||||||
| London WC2A | 3QN | |||||
| Bankers | Child &Co | |||||
| 1 Fleet Street | ||||||
| London EC4Y | 1BD | |||||
| Investment | managers | Quilter Cheviot | ||||
| Senator House | ||||||
| 85Queen Victoria Street | ||||||
| London EC4V 4AB | ||||||
| Pictet et Cie | ||||||
| Route des Acacias | 60 | |||||
| 1211Geneva 73 | ||||||
| Switzerland | ||||||
| Evelyn Partners | Group Limited | |||||
| 45 Gresham Street |
||||||
| London EC2V 7BG |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | E | ||
| Incoming resources | |||
| Incoming resources from | |||
| generated funds - Investment Income |
7 | 96,584.57 | 86,485.22 |
| -Tax Repayment | |||
| Donations Received |
7.1 | 56,024.29 | 54,445.47 |
| Total incoming resources |
152,608.86 | 140,930.69 | |
| Resources Expended | |||
| Investment Management cost |
8.1 | 46,621.62 | 46,497.04 |
| Charitable activities Governance costs Other resources expended |
8.2 8.3 8.4 |
163,444.42 62,369.20 1,285.23 |
170,616.89 69,463.96 2,281.30 |
| Total resources expended | 273,720.47 | 288,859.19 | |
| Net incoming/(outgoing) | |||
| resources before other recognised gains/(losses) |
(121,111.61) | (147,928.50) | |
| Realised and Unrealised Gains Currency Exchange Gains/(Losses) |
(943,037.70) 17,546.02 |
830,654.08 (7,678.45) |
|
| Net movement in funds |
(1,046,603.29) | 675,047.13 | |
| Total funds brought forward |
7,211,771.06 | 6,536,723.93 | |
| Total funds carried forward | 6,165,167.77 | 7,211,771.06 | |
| Please note that there are no Restricted or Endowment | Funds |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | 6 | |||
| Fixed assets | ||||
| Quoted stocks and shares | 3.1 | 5,913,457.05 | 7,094,773.13 | |
| Chattels | 3.3 | 48,189.00 | ||
| Total fixed assets | 5,913,457.05 | 7,142,962.13 | ||
| Current assets | ||||
| Cash at bank | 3.4 | 277,664.03 | 104,383.93 | |
| Debtors and prepayments | 4 | 218.89 | ||
| Total current assets | 277,882.92 | 104,383.93 | ||
| Creditors: amounts | falling due within one year | 5 | (26,172.20) | (35,575.00) |
| Net current assetsl | (liabilities) | 251,710.72 | 68,808.93 | |
| Net assets | 6,165,167.77 | 7,211,771.06 |
| .4 | Cash account balances | 2022 K |
2021 f |
|
|---|---|---|---|---|
| Pictet Euro account Pictet US Dollar account |
16,370.24 5,830.72 |
4,311.00 | ||
| Pictet GBP account Pictet CHF account Evelyn account Quilter Cheviot Capital account Quilter Cheviot Income account Child &Co Hunters client account |
3.49 162,746.39 2,468.98 8,353.65 15,361.45 35,324.55 31,204.56 277,664.03 |
10,510.00 29,383.25 19,583.17 30,512.95 10,083.56 104,383.93 |
||
| 4 | Debtors and Prepayments | 2022 | 2021 | |
| f. | ||||
| LSE - LEI Renewal fee 2023 | 72.00 | |||
| Dividends Receivable |
146.89 | |||
| 218.89 | ||||
| 5 | Creditors: Amounts Falling Due Within One Year |
2022 f |
2021 f |
|
| Legal, Secretarial and Administration Independent Examination Fees |
Fees | 25,297.20 875.00 ~2, '77225 |
34,875.00 700.00 ~35.57 .55 |
| 6.3 | There were no transactions | There were no transactions | There were no transactions | with Trustees | with Trustees | or connected | or connected | or connected | persons (2021 - NIL). | persons (2021 - NIL). | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.4 | Wilfrid Vernor-Miles is |
a | Trustee | of the Foundation | and | also | a profit sharing | Member of Hunters | ||||
| Law LLP. Provision is |
included | in the accounts | for | Hunters | to receive fees | off51,098.50 plus | ||||||
| VAT for legal, secretarial | and administration | services. | ||||||||||
| 7 | Analysis ofincoming | Resources | ||||||||||
| 2022 | 2021 | |||||||||||
| Investment Income |
||||||||||||
| - Interest on Bonds, Gilts | & Loan | Notes | 2,817.05 | 2,366.55 | ||||||||
| - Dividends on UK Equities |
51,302.90 | 51,570.14 | ||||||||||
| -Foreign Savings Interest | 264.14 | 790.03 | ||||||||||
| - Dividends on European |
Equities | 29,109.34 | 22,604.98 | |||||||||
| - Dividends on US Equities |
12,943.55 | 9,150.57 | ||||||||||
| -Interest on Bank Deposits | 147.59 | 2.95 | ||||||||||
| 96,584.57 | 86485.22 | |||||||||||
| 2022 | 2021 | |||||||||||
| 7.1 | Donations Received |
|||||||||||
| Kinnoull Foundation |
56,024.29 | 54,445.47 | ||||||||||
| 8 | Analysis ofResources | Expended | ||||||||||
| 2022 | 2021 | |||||||||||
| 8.1 | Investment Management |
fees | ||||||||||
| - Pictet | 14,568.03 | 14,179.23 | ||||||||||
| - Quilter Cheviot | 17,496.76 | 17,400.43 | ||||||||||
| - Evelyn | 14,556.83 | 14,917.38 | ||||||||||
| 46,621.62 | 46,497.04 | |||||||||||
| 8.2 | Charitable Activities |
|||||||||||
| 2022 | 2021 | |||||||||||
| E | 5 | |||||||||||
| Animals Asia Foundation |
4,000.00 | 3,000.00 | ||||||||||
| Belize Zoo | 1,600.69 | 1,451.88 | ||||||||||
| Blue Madine Foundation | 4,000.00 | 4,000.00 | ||||||||||
| Brooke Hospital for Animals | 2,000.00 | 2,000.00 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Clearwater Marine Aquarium |
4,001.74 | 3,629.70 | ||
| David Shepherd Wildlife |
5,000.00 | 5,000.00 | ||
| Durrell Wildlife Conservation | 2,000.00 | 3,000.00 | ||
| Endangered Species Protection Agency |
4,000.00 | 3,000.00 | ||
| Fauna & Flora International | 10,000.00 | 12,000.00 | ||
| Flori's Friends Rescue | 3,000.00 | |||
| Friends ofCommunity Animal Services |
3,201.39 | 2,177.82 | ||
| International Animal Rescue |
2,000.00 | |||
| Marine Conservation Society |
3,000.00 | 3,000.00 | ||
| Mauritian Wildlife Foundation |
12,000.00 | 12,000.00 | ||
| Middlebury Institute of International |
Studies | 9,604.16 | 7,259.39 | |
| Monterey County SPCA |
20,008.68 | 39,926.68 | ||
| Muttville | 2,401.04 | |||
| Peace of Mind Dog Rescue Pine Ridge Dog Sanctuary |
7,203.12 2,000.00 |
6,533.46 2,000.00, |
||
| Reef Conservation | 2,000.00 | 2,000.00 | ||
| Royal Veterinary College |
3,000.00 | 3,000.00 | ||
| San Francisco Zoo | 16,006.94 | 14,518.79 | ||
| Spay Neuter Imperative Project The Shanti Project |
2,401.04 6,402.78 |
5,807.52 | ||
| Ventana Wildlife Society |
18,407.98 | 15,970.67 | ||
| Wildfowl &Wetlands Trust |
3,000.00 | 2,000.00 | ||
| Wildlife Conservation Society |
7,203.12 | 5,807.52 | ||
| Wonder Dog Rescue Worldwide Veterinary Service |
4,001.74 3,000.00 |
6,533.46 2 666.66 |
||
| 163,444.42 | 172,637.89 | |||
| 8.3 | Governance Costs |
2022 | 2021 | |
| 8 | 8 | |||
| Independent Examination Fees |
1,051.00 | 837.16 | ||
| Legal, Secretarial and Administration | Fees | 61,318.20 | 68,626.80 | |
| Trustee Expenses | 62366.26 | 69,463.96 | ||
| 8.4 | Other Resources Expended | 2022 8 |
2021 8 |
|
| Bank Charges | 345.45 | 269.47 | ||
| Deposit BoxCharges | 984.00 | |||
| Foreign Custody Charges | 939.78 1 266.23 |
1,027.83 2,281.30 |