| Page | |
|---|---|
| Reference and Adminislxative Information |
|
| Trustees' Annual Report | |
| Report of the Independent Auditor |
7-10 |
| Statement ofFinandal Activities | |
| Balance Sheet | 12 |
| Cash Flow Statement | 13 |
| Notes to the Financial Statements | 14-21 |
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| Expendable | Unrestricted | |||||
| Endowment | income | Total | ||||
| 2023 | 2023 | 2022 | ||||
| 6 | ||||||
| INCOME | ||||||
| Investment income |
831,805 | 831,805 | 725,191 | |||
| Other income | 6,721 | 78,594 | 85,315 | 91,967 | ||
| TOTAL INCOME | 6,721 | 910,399 | 917,120 | 817,158 | ||
| EXPENDITURE | ||||||
| Costs ofgenerating | funds | 127,940 | 127,940 | 147,902 | ||
| Charitable activities |
717,991 | 717,991 | 686,060 | |||
| TOTAL EXPENDITURE | 845,931 | 845,931 | 833,962 | |||
| Gains on investments | ||||||
| Gains on revaluation | 9 | (1,542,306) | (1,542,306) | 730,362 | ||
| Realised Gains on disposal | 9 | 120,496 | 120,496 | 109378 | ||
| NETINC OMFJ~ITURE) | (1,656,081) | 64368 | (1,591,613) | 823,036 | ||
| Losses on foreign exchange | (749) | 12 | 61 | 785 | ||
| NET MOVEMENT | IN FUNDS | (1,656,830) | 64,456 | (1,592,374) | 822,251 | |
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought | forward | 33,502,938 | 148,974 | 33,651,912 | 32,829,661 | |
| BALANCE CARRIED FORWARD | 31,846 108 | 213v430 | 32,059,538 | 33,651,912 |
| NOTE | 2023 | 2022 | ||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Investment Property |
13 | 5,195,000 | 5,195,000 | |
| Investments | 9 | 26,651,108 | 28,307,938 | |
| 31,846,108 | 33,502,938 | |||
| CURRENT ASSETS | ||||
| Debtors | 10 | 67,068 | 58,474 | |
| Cash at Bank | 191,232 | 177,197 | ||
| 258,300 | 235,671 | |||
| LIABILITIES | ||||
| Creditors: falling due within one year | (44,870) | (86,697) | ||
| NET CURRENT ASSETS | 213,430 | 148,974 | ||
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 32,059,538 | 33,651,912 | |
| Representing: | ||||
| UNRESTRICTED FUNDS | ||||
| Expendable Endowment |
12 | 30,915,476 | 32,572,306 | |
| Revaluation Reserve on Investment |
Property | 930,632 | 930,632 | |
| Income | 12 | 213,430 | 148,974 | |
| 32059538 | 33651912 |
| Unrestricted | Expendable |
Endowment | ||
|---|---|---|---|---|
| 2023 | ||||
| Gift from Lennox Hannay | Will Trust | 6,721 | ||
| Unrestricted | Income | |||
| 2023f | 2022 | |||
| Income from Investments | 827,143 | 725,165 | ||
| Gift from Lennox Hannay | WiB Trust | 2,327 | ||
| Rent from | investment property |
78394 | 91,967 | |
| Interest on | cash deposits | 2,335 | 26 | |
| 9mg399 | 817~158 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 8 | 6 | ||||
| Investment | Management | Fees | 95,079 | 103~ | |
| Custodian | and Administration | Fees | 18,820 | 19478 | |
| Investment | Property Fees | 14,041 | 24,960 | ||
| 127,940 | 147,902 |
| E | |||
|---|---|---|---|
| Able Stables | 65,000 | ||
| SOFEA | 40,000 | ||
| Bristol University | 30,000 | ||
| (The) Fleming-Wyfold | Art Foundation | 25,000 | |
| Missing Salmon Alliance | 25,000 | ||
| Suicide &Co | 23,172 | ||
| Royal Horticultural | Society | 22,203 | |
| Budleigh Community | Workshop Trust | 14,000 | |
| Wheely BoatTrust | 10,250 | ||
| Because We Can | 10,0DD | ||
| Disaster Emergency | Committee | 10,000 | |
| Fields in Trust | 10,000 | ||
| Hacton Primary School | 10,000 | ||
| Hands Up Foundation | 10,000 | ||
| Hope Kitchens | 10,000 | ||
| (The) Hunts Servant | Fund | 10,000 | |
| MapAction | 10,00D | ||
| Mary's Meals | 10,000 | ||
| Mikeysline | 10,000 | ||
| Norfolk Community | Foundation | 10,000 | |
| Orkney Sheep Foundation | 10,000 | ||
| Royal CoEege ofMusic | 10,000 | ||
| Grants above 62,000 | and below 81D,DDD | 173,300 | |
| Grants 62,000and below | 107,000 | ||
| 664,925 |
| 2023 | 2022 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| No. | No. | 6 | ||||||
| The prevention orrelief |
ofpoverty | 18 | 9 | 74,500 | 35,000 | |||
| The advancement | ofeducation | 33 | 26 | 220,203 | 196,583 | |||
| The advancement | ofreligion | I | 1 | 7,500 | 5,000 | |||
| The advancement | ofhealth or the saving of | lives | 29 | 36 | 128,172 | 141,500 | ||
| The advancement | ofcitizenship orcommunity |
5 | 8 | 20,000 | 48,173 | |||
| development | ||||||||
| The advancement | ofthe | arts, culture, heritage. | 38,800 | 51,500 | ||||
| or science | ||||||||
| The advancement | ofamateur sports | 15,000 | 9,000 | |||||
| The advancement | ofenvironmental | protection | 50,500 | 62,750 | ||||
| orimprovement | ||||||||
| The relief ofthose | in need by reason | ofyouth, | 13 | 103,250 | 52,500 | |||
| age, ill-health, disability, |
financtal hardship | or | ||||||
| other disadvantage | ||||||||
| 'lhe advancement | ofanimal welfare | 6 | 7000 | 15,000 | ||||
| The promotion of |
the efficiency ofthe armed | 1 | 1,000 | |||||
| forces ofthe Crown, or ofthe efficiency ofthe | ||||||||
| police, hre and rescue services or ambulance | ||||||||
| services | ||||||||
| 125 | 119 | 664,925 | 618,006 | |||||
| Support and Governance | costs (seenote 8) | 53,066 | 68,054 | |||||
| Total | 125 | 119 | 71/,991 | 686,060 | ||||
| SUPPORT AND GOVERNANCE COSTS | ||||||||
| 2023 | 2022 | |||||||
| Total | Total | |||||||
| Support /Administrative | Costs | |||||||
| Charity Administration | and Financial Reporting | 50,048 | 49,410 | |||||
| Gooerrtanee Costs |
||||||||
| Auditor's remuneration: |
current year | 6,000 | 10,000 | |||||
| Auditor's remuneration |
prior year | under accrual | 920 | 680 | ||||
| Legal and Professional | Fees | (4,382) | 7,443 | |||||
| Bank charges | 480 | 521 | ||||||
| ToCharitable adivities |
(53,066) | 68,054 |
| Movement in fixed asset inve |
stments | |||||
|---|---|---|---|---|---|---|
| Ungstcd | Securities | Listed Securities | Total | |||
| 2022 | ||||||
| 2023 | 2022 f |
2023 6 |
2022f | 6 | ||
| Market Value brought forvvard Add acquisitions atcost |
29,376 4,719 |
47$,075 | 27,085,016 3,411,098 |
26,280,94$ 2,228~ | 27,114392 3,415417 |
26,759A)23 2,228,355 |
| Less disposal proceeds Realised Sots)/gains on disposal Net (loss)/gain on revaluation |
(101,$94) 77/272 4,990 |
(53,149) (17,082) (378,468) |
(2,200.201) (197,768) (L537316 |
(2,659,677) 126~ 1,10$,830 |
(2302,095) (120,496) (1~306 |
(2„712,826) 109/I78 730362 |
| 4/gts | 29g76 | 26560/I29 | 27/ISSUE 6 | 26~v912 | 27314392 | |
| Cash for Investment Market Vahre at31March |
4/I$3 | 29c976 | 26~2I29 | 272t$5,016 | 85,796 1,193,546 26,65 10628~,93$ |
|
| Ifistcriccl Cast at31 /Vicrch | 215,997 | 36$,$35 | 25,642832 | 24,130404 | 25458.929 | 24,549,239 |
| Geographical Analysis |
||||||
| United Kingdom bnvestmenls Overseas Investments |
4,483 | 20247 9,129 |
24207,957 2,352,872 |
25,024,469 2,060,547 |
24412,440 2~872 |
25,044,716 2,069,676 |
| Cash for Investment | $5,796 | 1,193,546 | ||||
| 4+$3 | 29cs76 | 2tk5602I29 | 27@$8~026 | 2665110$ | 2$P07I93$ |
| 6 | ||
|---|---|---|
| Purchase | price | 4,186,166 |
| Additions | during 2013 | 4,200 |
| Unrealised | gain 2014(arising from revaluation) | 669,634 |
| Additions | during 2015 | 9,002 |
| Unrealised | gain 2020(arising from revaluation) | 260,998 |
| Additions | during 2021 | 65,000 |
| 5,195,000 |