Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
Charity Registration No. 1083572
THE ANDOR CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
CONTENTS
| Pages | |
|---|---|
| Trustees and Professional Advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 16 |
Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
TRUSTEES AND PROFESSIONAL ADVISERS
| Charity number | 1083572 |
|---|---|
| Trustees | W D Rothenberg |
| N C Lederer | |
| Dr C Walford | |
| K Andor | |
| Principal address | 16 Great Queen Street |
| Covent Garden | |
| London | |
| WC2B 5AH | |
| Accountants | Blick Rothenberg Limited |
| Chartered Accountants | |
| 16 Great Queen Street | |
| Covent Garden | |
| London | |
| WC2B 5AH | |
| Independent examiner | Scott Harrower ACA |
| Galloways Accounting Limited | |
| First Floor | |
| RidgeLand House | |
| 15 Carfax | |
| Horsham | |
| West Sussex | |
| RH12 1DY | |
| Bankers | Barclays Bank Plc |
| Level 12 | |
| 1 Churchill Place | |
| London | |
| E14 5HP | |
| Aldemore Bank Plc | |
| 6th Floor | |
| The Monument Building | |
| 11 Monument Street | |
| London | |
| EC3R 8AF | |
| Solicitors | Payne Hicks Beach |
| 10 New Square | |
| London | |
| WC2A 3QG | |
| Investment advisors | Rathbones Investment Management Limited |
| 30 Gresham Street | |
| London | |
| EC2V 7QN |
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their report and financial statements of The Andor Charitable Trust for the year ended 5 April 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Reference and administrative information
The Andor Charitable Trust is registered as a Charity with the Charity Commission, registration number 1083572, its registered address being 16 Great Queen Street, Covent Garden, London WC2B 5AH.
The Trustees in office during the year and at the date of this report, together with the address of the Charity's principal and registered office, are as set out on page 1.
On 13 November 2024 Karen Andor expressed her intention to retire as a Trustee of the Charity. At the time of approval of these financial statements the Trustees resolution under which Karen Andor will retire is currently being approved by the Trustees.
Structure, governance and management
The Charity was created under the Will of Mary Garay dated 14 December 1996. Mary Garay died on 12 May 1998.
Under the terms of the Will of Mary Garay dated 14 December 1996, the current Trustees have power to appoint new Trustees, subject to a maximum number of four. Where there is a requirement for new Trustees, these would be identified by the remaining Trustees. New Trustees are appointed under a Deed signed and approved by the current Trustees. The management of the Charity is the responsibility of the Trustees.
The current Trustees are responsible for the induction of any new Trustees which involves awareness of a Trustees' responsibility, the governing document, administrative procedures, and the history of the Charity. A new Trustee would receive a welcome pack which includes copies of the previous years' annual report and accounts, a brief history of the Charity and a copy of the governing document. The pack will also include a copy of the Charity Commission guidance "Charity Trustee Welcome Pack" issued by the Charity Commission on 29 May 2018.
The Charity’s day-to-day activities are co-ordinated by its administrators, as it employs no staff.
The Trustees examine the major risks that the Charity faces every financial year and have developed systems to monitor and control these risks to mitigate any impact they may have on the Charity in the future.
The Trustees have systems in place to identify any conflicts of interest that may occur. When a conflict of interest arises, the relevant Trustee or Trustees agree to withdraw from any discussion and decision.
Objectives and activities for the benefit of the public
The Charity's objectives are to maintain, support or contribute towards such one or more exclusively charitable purposes or charitable companies, institutions, associations, trusts or societies in the United Kingdom or elsewhere in the world.
In setting their objectives and grant-making policy for the year, and in planning for the future, the Trustees have had due regard to the published guidance on the operation of the Public Benefit requirement of the Charities Act 2011, the Trustees have undertaken appropriate activities in furtherance of its aims for the public benefit.
The Charity has established its grant-making policy to achieve its objectives for the public benefit.
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
The Trustees received applications for donations from a wide variety of charitable institutions including those engaged in medical and ancillary services (including medical research), education, helping the disabled and old aged, relieving poverty, providing sheltered accommodation, developing the arts etc. The Trustees considered all requests that they received and met the objectives of the Charity, and to achieve its objectives for the public benefit, by making donations to charities involved in medical research, the arts and various educational activities.
Financial review
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and meet their liabilities as they fall due. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
The net movement in funds for the period amounted to a surplus of £42,726.42 (2023: deficit £316,741.87). The unrestricted funds amounted to £3,196,224.37 (2023: £3,153,497.95) at the balance sheet date. Gains on investments in the year were £218,311.99 (2023: loss £140,504.72).
The Charity's powers to invest its funds are set out in the Charity's governing document. Any monies not immediately required for the furtherance of the Charity's objects may be invested at the discretion of the Trustees. There are no restrictions on the Trustees' power to invest funds.
The Trustees, as guided by their investment advisors, are seeking to secure a good income with minimal erosion to the capital of the Charity. The Trustees wish to preserve the capital fund of the Charity to enable the Trustees to continue to support charitable causes in future years.
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and meet its liabilities as they fall due.
It is the policy of the Charity to maintain unrestricted funds, which are free reserves of the Charity, at a level which equates to approximately six months of unrestricted expenditure. Any balance in excess of this is considered to be available for investment. This provides sufficient funds to cover management, administration costs and donations. Unrestricted funds were maintained at this level throughout the period.
Achievements and performance
In the year, 93 (2023: 92) charitable grants were made totalling £193,500.00 (2023: £200,000.00). Since inception the Charity has made charitable grants totalling £3,087,917.00.
Future developments
The Trustees intend to continue their policy of making grants to charitable institutions which fall within the objects of the Charity.
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year.
In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Independent examiner
Scott Harrower ACA of Galloways Accounting Limited was appointed as Independent examiner to the Charity and has expressed his willingness to continue in that capacity.
Approved by the Trustees and signed on their behalf by
..............................
W D Rothenberg
Trustee 28-Jan-25 | 15:17 GMT Dated: .........................
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ANDOR CHARITABLE TRUST
I report to the Trustees on my examination of the financial statements of The Andor Charitable Trust (the 'Charity') for the year ended 5 April 2024, which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies.
This report is made solely to the Charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Scott Harrower ACA
Galloways Accounting Limited
First Floor RidgeLand House 15 Carfax Horsham West Sussex RH12 1DY
28-Jan-25 | 15:29 GMT Dated: .........................
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024
| Notes Income from: Investment income 2 Total Raising funds Investment management fees Charitable activities 3 Total Net expenditure Gains/(losses) on investments 6 Net movement in funds Reconciliation of funds Fund balances brought forward Fund balances carried forward 9 |
Unrestricted fund 2024 2023 £ £ 76,003.30 75,102.19 76,003.30 75,102.19 (21,932.87) (21,689.34) (229,656.00) (229,650.00) (251,588.87) (251,339.34) (175,585.57) (176,237.15) 218,311.99 (140,504.72) 42,726.42 (316,741.87) 3,153,497.95 3,470,239.82 3,196,224.37 3,153,497.95 |
|---|---|
The notes on pages 9 to 16 form part of these financial statements.
Statement of recognised gains and losses
The statement of financial activities includes all gains and losses recognised in the period.
All of the activities of the Charity are classified as continuing.
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
| 2024 | 2024 | 2023 | |||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Investments | 6 | 3,180,572.81 | 3,136,012.69 | ||
| Current assets | |||||
| Debtors | 7 | 8,208.81 | 3,851.30 | ||
| Cash at bank and in hand | 45,754.94 | 37,995.71 | |||
| 53,963.75 | 41,847.01 | ||||
| Creditors: amounts falling due within | |||||
| one year | 8 | (38,312.19) | (24,361.75) | ||
| Net current assets | 15,651.56 | 17,485.26 | |||
| Total assets less current liabilities being net | Total assets less current liabilities being net | ||||
| assets | 3,196,224.37 | 3,153,497.95 | |||
| Income funds | |||||
| Unrestricted funds | 9 | 3,196,224.37 | 3,153,497.95 | ||
| 3,196,224.37 | 3,153,497.95 |
The financial statements were authorised for issue and approved by the Trustees on .........................
..............................
W D Rothenberg
Trustee 28-Jan-25 | 15:17 GMT
The notes on pages 9 to 16 form part of these financial statements.
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
1 Accounting policies
Charity information
The Andor Charitable Trust is an unincorporated Trust. Its principal place of business is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
1.1 Accounting convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Charities Act 2011.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
1.2 Going concern
At the date of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and meet its liabilities as they fall due. The Charity is not a functional Charity having staff and overheads but makes grants and donations from its investment income.
1.3 Charitable funds
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. All income is stated gross of any expenditure.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including governance costs are allocated to applicable expenditure headings.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
1 Accounting policies (Continued)
1.6 Fixed asset investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on disposals during the year and fair value adjustments at the year end.
- 1.7 Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after deducting all of its liabilities.
1.8 Taxation The Andor Charitable Trust is a registered Charity and is not liable to income or capital gains taxes on its present activities.
1.9 Debtors
Debtors are recognised at the settlement amount due.
1.10 Creditors
Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount.
2 Investment income
| Income from listed investments Bank and broker interest |
UK 2024 £ 59,808.20 3,101.65 62,909.85 |
Overseas 2024 £ 13,093.45 - 13,093.45 |
Total 2024 £ 72,901.65 3,101.65 76,003.30 |
Total 2023 £ 70,659.71 4,442.48 |
|---|---|---|---|---|
| 75,102.19 |
3 Charitable activities Analysis of charitable activities
| Grants (3.1) Administrative costs (3.2) |
Total 2024 £ 193,500.00 36,156.00 229,656.00 |
Total 2023 £ 200,000.00 29,650.00 |
|---|---|---|
| 229,650.00 |
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
3 Charitable activities
(Continued)
| 3.1 Grants payable Grants during the year comprise: Afasic Almeida Theatre Company Alzheimer's Research UK Amref Health Africa Anne Frank Trust UK Anthony Nolan Asthma + Lung UK Awards for Young Musicians Battersea Arts Centre BIBIC The Bobath Centre for Children with Cerebral Palsy Brain Injury Rehabilitation and Development Brain Research UK British Library Camden Arts Centre Carers UK Centrepoint Soho The Chicken Shed Theatre Trust Limited Child Poverty Action Group Children In Crisis Children's Air Ambulance The Children's Trust City of Birmingham Symphony Orchestra Cove Park Crohn's in Childhood Research Association Cure Parkinson's Trust Cystic Fibrosis Trust Diabetes UK Disaster Emergency Committee Dyspraxia Foundation English National Ballet English National Opera Balance carried forward |
2024 £ 1,000.00 1,000.00 1,000.00 2,000.00 1,000.00 2,000.00 1,000.00 1,000.00 1,000.00 1,000.00 3,000.00 1,000.00 1,000.00 7,500.00 - 2,000.00 4,000.00 5,000.00 10,000.00 2,000.00 2,000.00 2,000.00 1,000.00 - 1,500.00 1,000.00 2,000.00 1,000.00 - 1,000.00 3,000.00 2,000.00 64,000.00 |
2023 £ 1,000.00 1,000.00 1,000.00 2,000.00 1,000.00 2,000.00 1,000.00 1,000.00 1,000.00 1,000.00 3,000.00 1,000.00 1,000.00 5,000.00 1,000.00 2,000.00 4,000.00 5,000.00 10,000.00 2,000.00 2,000.00 2,000.00 1,000.00 - 1,500.00 1,000.00 2,000.00 1,000.00 20,000.00 1,000.00 3,000.00 2,000.00 |
|---|---|---|
| 82,500.00 |
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
3 Charitable activities
| Charitable activities Balance brought forward Epilepsy Research Institute UK Epilepsy Society Epilepsy Society - 2022 The Esterson Trust Friends of the Israel Opera Trust Garsington Opera Glyndebourne Productions Limited The Great Ormond Street Hospital Children's Charity Hampstead Theatre Limited The Haven Headway - the Brain Injury Association Helping Hands for Cancer Care Helping Hands for Cancer Care - 2022 International Medical Corps UK Jewish Museum London Jnetics Leukaemia UK Listening Books Live Music Now Limited London Music Masters London Symphony Orchestra Limited Lupus UK Macmillan Cancer Support Macular Disease Society Manna UK Marie Curie Hampstead Hospice Motor Neurone Disease Association Multiple Sclerosis Society Multiple Sclerosis Trust Music in Hospitals National Gallery Trust National Youth Choir of Great Britain The National Youth Orchestra of Great Britain Noam Educational Trust North London Hospice Norwood Old Vic Theatre Trust Opera Brava Limited Ovacome Pancreatic Cancer UK Balance carried forward |
(Continued) 2024 2023 £ £ 64,000.00 82,500.00 1,000.00 1,000.00 1,000.00 1,000.00 - (1,000.00) - - 1,000.00 - 5,000.00 5,000.00 2,500.00 2,500.00 1,000.00 1,000.00 1,000.00 1,000.00 - 2,000.00 1,000.00 1,000.00 - - - (1,000.00) 2,500.00 2,500.00 5,000.00 - 2,000.00 - 1,000.00 1,000.00 1,000.00 1,000.00 1,500.00 1,500.00 - - 2,000.00 2,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,500.00 1,500.00 1,000.00 1,000.00 3,000.00 3,000.00 5,000.00 5,000.00 5,000.00 5,000.00 2,500.00 2,500.00 - 1,000.00 1,000.00 1,000.00 1,500.00 1,500.00 2,000.00 2,000.00 1,500.00 1,500.00 1,500.00 1,500.00 2,000.00 2,000.00 3,000.00 1,000.00 1,000.00 1,000.00 3,000.00 3,000.00 130,000.00 139,500.00 |
|---|---|
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
3 Charitable activities
(Continued)
| Balance brought forward Philharmonia Orchestra Polka Children's Theatre Practical Action Prostate Cancer UK Purcell School for Young Musicians Regent's Park Theatre Limited The Respite Association Revitalise Rix-Thompson-Rothenberg Foundation The Royal Free Cancerkin Breast Cancer Trust The Royal National Institute of Blind People The Royal National Theatre Royal Philharmonic Orchestra Royal Philharmonic Society Sadler's Wells Trust Limited Shakespeare's Globe Soho Theatre Company Limited Stem4 Target Ovarian Cancer Trussell Trust UK Jewish Film Festival UK Jewish Film Festival - 2022 University College Hospital Charitable Foundation University of the Arts / Central Saint Martin's Versus Arthritis (formerly Arthritis Care) The Virtual Doctors WAC Arts WaterAid The Wiener Holocaust Library The Wigmore Hall Trust The Willow Foundation Wiltons Music Hall The Young Vic Company |
2024 £ 130,000.00 1,000.00 1,000.00 2,000.00 2,000.00 1,000.00 1,000.00 2,000.00 1,500.00 3,000.00 3,000.00 3,000.00 1,000.00 - 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 10,000.00 1,000.00 - 2,000.00 2,000.00 1,000.00 1,000.00 1,000.00 2,000.00 5,000.00 4,000.00 5,000.00 1,000.00 1,000.00 193,500.00 |
2023 £ 139,500.00 1,000.00 - 2,000.00 2,000.00 1,000.00 1,000.00 2,000.00 1,500.00 3,000.00 3,000.00 3,000.00 1,000.00 1,000.00 1,000.00 1,000.00 - 1,000.00 1,000.00 1,000.00 10,000.00 1,000.00 (1,000.00) 2,000.00 2,000.00 1,000.00 1,000.00 - 2,000.00 5,000.00 4,000.00 5,000.00 1,000.00 1,000.00 200,000.00 |
|---|---|---|
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
3 Charitable activities
(Continued)
3.2 Administrative costs
The breakdown of support costs and how these are allocated between Governance and Charitable Activities is shown in the table below.
| Cost type Independent examiner's fees Accountancy fees Under provision of Independent Examiner fees in PY SmartGiving fee |
Support costs 2024 £ 2,400.00 31,956.00 20.00 - |
Charitable activities 2024 £ - - - 1,780.00 1,780.00 |
Total 2024 £ 2,400.00 31,956.00 20.00 1,780.00 36,156.00 |
Total 2023 £ 2,200.00 27,150.00 300.00 - |
|---|---|---|---|---|
| 34,376.00 | 29,650.00 |
4 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the current year or the previous year.
5 Employees
There were no employees during the year or the previous year.
6 Fixed asset investments
| Listed investments 2024 £ Market Value at 6 April 2023 2,895,166.31 Additions 1,739,837.53 Disposals (1,687,082.65) Cash movements - Gains on investments 218,311.99 Market Value at 5 April 2024 3,166,233.18 |
Cash Total 2024 2024 £ £ 240,846.38 3,136,012.69 - 1,739,837.53 - (1,687,082.65) (226,506.75) (226,506.75) - 218,311.99 14,339.63 3,180,572.81 |
Total 2023 £ 3,457,347.54 365,919.27 (432,259.91) (114,489.49) (140,504.72) |
|---|---|---|
| 3,136,012.69 |
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
6 Fixed asset investments
(Continued)
| UK Overseas Total 2024 2024 2024 £ £ £ Equities 844,223.00 1,418,529.00 2,262,752.00 Fixed interest 748,629.18 - 748,629.18 Investment Trusts 133,888.00 - 133,888.00 Gold 20,964.00 - 20,964.00 Cash deposits 14,339.63 - 14,339.63 1,762,043.81 1,418,529.00 3,180,572.81 2023 2,000,625.07 1,135,387.62 3,136,012.69 Investments comprising 5% or more of the total market value of investments are as follows :- % Treasury 1 5/8% Bonds 22/10/2028 Treasury 4 1/4% Stock 7/12/2027 5.34 8.22 7 Debtors: amounts falling due within one year 2024 £ Accrued income receivable 6,208.81 Donations refundable 2,000.00 8,208.81 8 Creditors: amounts falling due within one year 2024 £ Rathbone Investment Management Limited 5,736.19 Blick Rothenberg Limited 28,176.00 Galloways Accounting Limited 2,400.00 Donations payable/ uncashed cheques 2,000.00 38,312.19 |
Total 2023 £ 2,094,331.62 485,698.69 211,308.00 103,828.00 240,846.38 |
|---|---|
| 3,136,012.69 | |
| 2023 £ 3,851.30 - |
|
| 3,851.30 | |
| 2023 £ 5,381.75 15,780.00 2,200.00 1,000.00 |
|
| 24,361.75 |
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Docusign Envelope ID: F775183B-B1F5-4476-B6E7-173CD9D84955
THE ANDOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
| 9 Movement in funds Opening funds 2024 £ Unrestricted funds 3,153,497.95 2023 £ 2023 3,470,239.82 0 Analysis of net assets between funds Fund balances at 5 April are represented by: Investments Current assets Current liabilities Total net assets at 5 April 2024 |
Opening funds 2024 £ 3,153,497.95 |
Incoming resources 2024 £ 76,003.30 2023 £ 75,102.19 |
Resources expended Net gains on investments 2024 2024 £ £ (251,588.87) 218,311.99 2023 2023 £ £ (251,339.34) (140,504.72) Unrestricted funds 2024 £ 3,180,572.81 53,963.75 (38,312.19) 3,196,224.37 |
Closing funds 2024 £ 3,196,224.37 2023 £ 3,153,497.95 Unrestricted funds 2023 £ 3,136,012.69 41,847.01 (24,361.75) 3,153,497.95 |
|---|---|---|---|---|
| 2023 £ 3,470,239.82 |
||||
10 Analysis of net assets between funds
11 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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