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2022-10-31-accounts
|
|
Page |
|
| Report of the Trustees |
1 |
to |
2 |
| Report of the Independent Auditors |
3 |
to |
5 |
| Statement of Financial Activities |
|
6 |
|
| Balance Sheet |
|
7 |
|
| Notes to the Financial Statements |
8 |
to |
12 |
|
|
2022 |
2021 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Investment income |
2 |
266,782 |
191,302 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
3 |
2,498 |
2,017 |
| Charitable activities |
4 |
|
|
| Charitable distributions |
|
199,991 |
197,571 |
| Total |
|
202,489 |
199,588 |
| Net gains/(losses) on investments |
|
(317,921) |
1,306,637 |
| NET INCOME/(EXPENDITURE) |
|
(253,628) |
1,298,351 |
| RECONCILIATION OF FUNDS |
|
|
|
| Total funds brought forward |
|
5,972,440 |
4,674,089 |
| TOTAL FUNDS CARRIED FORWARD |
|
5,718,812 |
5,972,440 |
|
|
2022 |
2021 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
| FIXED ASSETS |
|
|
|
| Investments |
10 |
5,391,065 |
5,704,239 |
| CURRENT ASSETS |
|
|
|
| Cash at bank |
|
329,547 |
269,798 |
| CREDITORS |
|
|
|
| Amounts falling due within one year |
11 |
(1,800) |
(1,597) |
| NET CURRENT ASSETS |
|
327,747 |
268,201 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
5,718,812 |
5,972,440 |
| NET ASSETS |
|
5,718,812 |
5,972,440 |
| FUNDS |
12 |
|
|
| Unrestricted funds |
|
5,718,812 |
5,972,440 |
| TOTAL FUNDS |
|
5,718,812 |
5,972,440 |
| INVESTMENT INCOME |
|
|
|
|
|
2022 |
2021 |
| Income from investment portfolio |
|
266,782 |
191,302 |
| RAISING FUNDS |
|
|
|
| Investment management costs |
|
|
|
|
|
2022 |
2021 |
| Portfolio management |
|
2,498 |
2,017 |
| CHARITABLE ACTIVITIES COSTS |
|
|
|
|
Grant |
|
|
|
funding of |
|
|
|
activities |
Support |
|
|
(see note |
costs (see |
|
|
5) |
note 6) |
Totals |
| Charitable distributions |
198,000 |
1,991 |
199,991 |
| GRANTS PAYABLE |
|
|
|
|
|
2022 |
2021 |
| Charitable distributions |
|
198,000 |
196,000 |
| The total grants paid to institutions during the year was as follows: |
|
|
|
| Age UK Somerset |
|
|
5,000 |
| Age UK Bath and North East Somerset |
|
|
5,000 |
| Cerebal Palsy Plus |
|
|
3,000 |
| Room 13 Hareclive |
|
|
3,000 |
| Resolve West (formerly Bristol Mediation) |
|
|
18,000 |
| Kinergy |
|
|
15,000 |
| Wellspring Counselling |
|
|
15,000 |
| Brain Tumour Support |
|
|
11,000 |
| The Harbour |
|
|
13,000 |
Quartet Community Foundation
SouthSide Family Project |
|
|
2,000
2−0,000 |
| Somerset−Community−Foundation |
|
|
7,000 |
| Bristol Children's Help Society |
|
|
8,000 |
| Young Bristol |
|
|
20,000 |
| Womankind |
|
|
23,000 |
| Princes Trust |
|
|
12,000 |
| Young Carers |
|
|
18,000 |
| Total Charitable Distributions |
|
|
198,000 |
| 6. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Finance |
costs |
Totals |
|
Charitable distributions |
21 |
1,970 |
1,991 |
| 7. |
AUDITORS' REMUNERATION |
|
|
|
|
|
|
2022 |
2021 |
|
Auditors remuneration |
|
1,800 |
|
|
Independent examinees fee |
|
|
1,293 |
|
|
|
1,970 |
1,293 |
|
Unrestricted |
|
fund |
| INCOME AND ENDOWMENTS FROM |
|
| Investment income |
191,302 |
| EXPENDITURE ON |
|
| Raising funds |
2,017 |
| Charitable activities |
|
| Charitable distributions |
197,571 |
| Total |
199,588 |
| Net gains on investments |
1,306,637 |
| NET INCOME |
1,298,351 |
| RECONCILIATION OF FUNDS |
|
| Total funds brought forward |
4,674,089 |
| TOTAL FUNDS CARRIED FORWARD |
5,972,440 |
| 10. |
FIXED ASSET INVESTMENTS |
|
|
|
|
|
|
|
|
|
|
Cash and |
|
|
|
|
|
Listed |
settlements |
|
|
|
|
|
investments |
pending |
Totals |
|
MARKET VALUE |
|
|
|
|
|
|
At 1 November 2021 |
|
|
5,639,371 |
64,868 |
5,704,239 |
|
Additions |
|
|
1,231 |
266,782 |
268,013 |
|
Disposals |
|
|
− |
(263,266) |
(263,266) |
|
Net gains on revaluation |
|
|
(317,921) |
|
(317,921) |
|
At 31 October 2022 |
|
|
5,322,681 |
68,384 |
5,391,065 |
|
NET BOOK VALUE |
|
|
|
|
|
|
At 31 October 2022 |
|
|
5,322,681 |
68,384 |
5,391,065 |
|
At 31 October 2021 |
|
|
5,639,371 |
64,868 |
5,704,239 |
|
There were no investment assets outside the UK. |
|
|
|
|
|
|
Cost or valuation at 31 October 2022 is represented by: |
|
|
|
|
|
|
|
|
|
|
Cash and |
|
|
|
|
|
Listed |
settlements |
|
|
|
|
|
investments |
pending |
Totals |
|
Valuation in 2022 |
|
|
5,322,681 |
68,384 |
5,391,065 |
| 11. |
**CREDITORS: AMOUNTS FALLING DUE WITHIN ** |
**ONE ** |
YEAR |
|
|
|
|
|
|
|
|
2022 |
2021 |
|
Accrued expenses |
|
|
|
1,800 |
1,597 |
| 12. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
At |
movement |
At |
|
|
|
|
1.11.21 |
in funds |
31.10.22 |
|
Unrestricted funds |
|
|
|
|
|
|
General fund |
|
|
5,972,440 |
(253,628) |
5,718,812 |
|
TOTAL FUNDS |
|
|
5,972,440 |
(253,628) |
5,718,812 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
|
Incoming−Resources |
|
|
Gains and |
Movement |
|
|
resources |
|
expended |
losses |
in funds |
|
|
|
£ |
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
|
General fund |
266,782 |
|
(202,489) |
(317,921) |
(253,628) |
|
TOTAL FUNDS |
266,782 |
|
(202,489) |
(317,921) |
(253,628) |
|
|
|
Net |
|
|
|
At |
movement |
At |
|
|
1.11.20 |
in funds |
31.10.21 |
| Unrestricted funds |
|
|
|
|
| General fund |
|
4,674,089 |
1,298,351 |
5,972,440 |
| TOTAL FUNDS |
|
4,674,089 |
1,298,351 |
5,972,440 |
| Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
191,302 |
(199,588) |
1,306,637 |
1,298,351 |
| TOTAL FUNDS |
191,302 |
(199,588) |
1,306,637 |
1,298,351 |