| Page | |
|---|---|
| ReferenceandAdministrativelnformation | |
| Trustees'report | 2-4 |
| lndependentexamineisreport | 5 |
| Statementoffinancial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8-15 |
| Trustees | Robert Alexander Dickinson |
|---|---|
| Gordon Robinson | |
| Charity number | 1080938 |
| Principal address | c/o Womble Bond Dickinson (UK)LLP |
| TheSpark | |
| Draymans Way | |
| Newcastle Helix | |
| NewcastleuponTyne | |
| NE4 sDE | |
| lndependent examiner | Philip Holt FCA FCIE |
| High Park Farm | |
| Kirkbymoorside | |
| York | |
| YO62 7HS | |
| Bankers | Lloyds BankPlc |
| 102 Grey Street | |
| NewcastleuponTyne | |
| NE99 l SL | |
| Solicitors | WombleBond Dickinson (UK)LLP |
| TheSpark | |
| Draymans Way | |
| Newcastle Helix | |
| NewcastleuponTyne | |
| NE4 sDE | |
| lnvestment advisors | WombleBondDackinsonWealthLimited |
| TheSpark | |
| DraymansMhy | |
| Newcastle Helix | |
| NewcastleuponTyne | |
| NE4 sDE |
| Unrestricted Endowment | Unrestricted Endowment | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | ||
| Notes | TE | f, | e | ||
| lncomino resources tromoeneratedfunds | |||||
| lnvestment income | 40,073 | 40,073 | 32,726 | ||
| Totalincoming resources | 40,073 | 40,073 | 32,726 | ||
| Resources exoended | 3 | ||||
| Costsofgeneratingfunds | |||||
| lnvestmentmanagement costs | 5,796 | 5,796 | 5,680 | ||
| Charitableactivities | |||||
| Granlspayable | 25,000 | 25,000 | 26,000 | ||
| Governance costs | 5,375 | 5,375 | 4,069 | ||
| Totalresourcesexpended | 36,171 | 35,171 | 35,749 | ||
| Netincoming/(outgoing) resources | 3,902 | 3,902 | (3,023) |
||
| Otherrecognised gainsandlosses Gains on investment assets |
59,682 | 59,682 | 208,629 | ||
| Netmovementinfunds | 3,902 | 59,582 | 63,584 | 205,606 | |
| Fund balances at6April2021 | 20,425 | 878,803 | 899,228 | 693,622 | |
| Fund balances at 5April2022 | ::a | 11'* | T1'," | 8SS,228 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | E | E | L | t | |
| Fixedassets | |||||
| lnvestments | 7 | 930,704 | I76,8'tI | ||
| Currentassets | |||||
| Debtors | 8 | 6,309 | 4.548 | ||
| Cash at bank and in hand | 26,627 | '18,666 | |||
| 32,935 | 23,214 | ||||
| Creditors: amounts fallingduewithin oneyear |
I | (828) | (804) | ||
| Netcurrentassets | 32,108 | 22,410 | |||
| Totalassetslesscurrentliabilities | 11'" | 89S,228 | |||
| Capitalfunds | |||||
| Endowment funds | 938,485 | 878,803 | |||
| lncomefunds | |||||
| lJnrestricted funds | 24,327 | 20,425 | |||
| 962,812 | 899,228 | ||||
| Theflnancialstatements were approvedbythe Trusteeson sf,zft-y- |
| 2022l | 2021 E |
||
|---|---|---|---|
| lncome | fromlisted investments | 40,073 | 32,700 |
| lnterest | receivable | 26 | |
| 40,073 | 32,726 |
| Totalresourcesexpended | ||
|---|---|---|
| 2022 | 2021 | |
| € | E | |
| Costsofqenerating funds | ||
| lnvestment management costs | 5,796 | 5,680 |
| Charitable activities | ||
| Grant funding of activities | 25,000 | 26,000 |
| Governance costs | 5,375 | 4,069 |
| Total | 36,171 | 35,749 |
| Governancecosls comprise: | ||
| WombleBond Dickinson (UK) LLP Fees | 4,523 | 3,240 |
| lndependent Examiner's Fees | 452 | 829 |
| 5,375 | 4,069 |
| Grantspayable | ||
|---|---|---|
| 2022f | 2021 e |
|
| Grantstoinstitutions(9grants): | ||
| Church of St Mary The Virgin | 5,000 | 5,000 |
| Northern Counties Children's Benevolent Society | 5,000 | 5,000 |
| St Oswald's Hospice | 2,500 | 2,500 |
| The Percy Headley Foundation | 2,500 | 2,500 |
| The Outward Bound Trust | 2,000 | 2,000 |
| lMacmillanCancer Support | 2,000 | 2,000 |
| Great NorthAirAmbulance | 2,000 | 2,000 |
| NorthumbraaCalver Trust-Kielder | 2,000 | 2,000 |
| lvlarieCurie | 2 000 | |
| Blyth Star Enterprises | 500 | |
| Rainbow Trust | 2,000 | |
| Headway | 500 | |
| 1tI | 111 |
| Fixed assetinvestments | ||
|---|---|---|
| 2022 | 2021 | |
| c | e | |
| lvlarketvalueat6April2021 | 876,8'18 | 667,'170 |
| Acquisitions at cost | 19,441 | |
| Disposal at market value | (3,s25) | (20,693) |
| Net gains /(losses) on investment assets | 59,682 | 208,629 |
| Cash movement during theyear | (2,2711 | 2,271 |
| Market valueat5April2022 | ,a* | 876,818 |
| Historicalcost At5Aprii |
775,245 | ':!' |
| Netgains/(losses) on investments | ||
| Gains/(losses) on disposal of share investment assets | 259 | (3,601) |
| Gains/(losses) on revaluation of share investment assets | 59,423 | 205,O28 |
| ilY | 208,629 |
| 2022 | 2022 | 2021 | 2021 | |
|---|---|---|---|---|
| t | % | |||
| UKEquity | 654,343 | 70.31 | 644,225 | 73.47 |
| L,KSmall CapitalEquity | 89,748 | 9.64 | 62,397 | 7.12 |
| European Equity | 75,724 | a-'14 | 67,126 | 7.66 |
| MoneylVarket cash | 25,318 | 2.83 | 18,943 | 2.16 |
| OverseasEquity | 68,585 | 7.38 | 54,572 | 6.22 |
| Cash | 2,271 | 0.26 | ||
| Otherassets | 15,886 | '1.70 | 27,284 | 3.11 |
| 930,704 | 100.00 | 876,818 | '100.00 |
| 8 | Debtors | 2022 t |
2021t | |
|---|---|---|---|---|
| Dividends | due | 6,309 | 4,548 | |
| 9 | Creditors: | amounts fallingduewithinoneyear | ?o22 | 2021 |
| E | ||||
| Accruals | 828 | 804 |
| Financialinstruments | ||
|---|---|---|
| Total | Total | |
| 2022 | 2021 | |
| € | c | |
| Financial assets measuredatfair value | 930,704 | 474,547 |
| Financial assets measuredatamortised cost | 26,627 | 20,937 |
| 11'" | 11'* | |
| Carrying amountoffinancial liabilities | ||
| Financial liat ilities measured at amortised cost | 804 | |
| Financialassetsmeasuredatfair value comprise fixed assets investments | ||
| Financialassetsmeasured at amortised cost comprise cashatbank. |
| 11 | Analysisof netassetsbetweenfunds | Unrestricted | Endowment | Total | Total |
|---|---|---|---|---|---|
| funds E |
funds e |
2022 e |
2021t | ||
| Fund balances at5Aptll2022arcrepresentedby: | |||||
| lnvestments | 930,704 | 930,704 | 874,U7 | ||
| Cunentassets | 25,'155 | 7,7A1 | 32,936 | 25,485 | |
| Credators:amounts falling due within oneyear | (828) | (828) | (804) | ||
| :,'* | T"r | T1'" | I1',* |
| Statementof unrestricted fu | nds-current | year | |||
|---|---|---|---|---|---|
| Balance at | Gains/Balanceat | ||||
| 6 | April2021 € |
lncome Expenditure EE |
(Losses)5April2022 ft |
||
| Endowment funds | 878,803 | 59,682 938,485 |
|||
| Unrestricted funds | 20,425 | 40,073 | (36,171) | 24,327 | |
| It'" | l1'^ | (36,17r) | 952,8't2 ,682 59 |
| Balance at | Gains/Balance at | |||||
|---|---|---|---|---|---|---|
| 6 | April 2020l | lncome f Expenditure r |
(Losses)5April2021 IL |
|||
| Endowment | funds | 670,174 | 208 629 I78,803 |
|||
| Unrestricted | funds | 23,448 | 32726 | (35,749) | 20,425 | |
| u:t: | 32,726 | (35,749) | ,:t: 899,228 |