|||~Pa e|
|---|---|---|
|Legal & Administrative|information||
|Report ofthe Trustees||3-4|
|Trustees'
responsibilities|||
|Report ofthe Auditors||6-7|
|Statement of Financial|Activities||
|Balance sheet|||
|Cash Flow Statement||10|
|Notes to the Financial Statements||11 - 15|
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|Trustees:||Matthew
Oakeshott|(Chairman)|(Chairman)|
|---|---|---|---|---|
|||Prof Pippa Oakeshott|||
|||Lord Stoneham
of Droxford|||
|||Mrs Elaine Colville|||
|||Joseph Oakeshott|||
|||Leonard Ernest Baker|||
|Principal|Office:|15Queen Anne's Gate|||
|||London|||
|||SW1H 9BU|||
|||United Kingdom|||
|Charity Number:||1085500|||
|Bankers:||Svenska
Handelsbanken
5'"Floor||AB (pub)|
|||13Charles
II Street|||
|||London|||
|||SW1Y 4QU|||
|Stockbrokers:||Rathbone
Brothers Pic|||
|||George House|||
|||50 George Square|||
|||Glasgow|||
|||G2 1EH|||
|Property|Valuers:|Fleurets|||
|||20-22 Bedford Road|||
|||London|||
|||WC1R4EB|||
|Auditors:||Martin and Company|Audit Limited||
|||25 StThomas Street|||
|||Winchester|||
|||SO23 9HJ|||
|Accountants:||J P Thornton
&Co Limited|||
|||The Old Dairy|||
|||Adstockfields|||
|||Adstock|||
|||Buckingham|||
|||MK182JE|||
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|||||Note|Unrestricted|Unrestricted|Endowment|Endowment||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Fund||Fund||Total||Total|
|||||||||||Funds
8||Fundsf|
|INCOME AND|ENDOWMENTS||FROM||||||||||
|Investments||||3||955,841||||955,841||912,093|
|Other Income||||4|||||||||
|Total|||||7|955841||.|E|955841|E|912093|
|EXPENDITURE|ON||||||||||||
|Charitable
activities||||5||850 206||-||850 206||750 208|
|Total|||||E|850206|E|-|E|850206|E|75D206|
|Net Income||||||105,635||||105,635||161,887|
|Net gains/(losses)||on investments||15||||(1,805,185)||(1,805,185)||1,719,958|
|Net movement|in funds|||||105,635||(1,805,185)||(1,699,550)||1,881,845|
|RECONCILIATION||OF FUNDS|||||||||||
|Total funds brought||forward||||1013D90||18DII9531||17.D22.621||15140,77~|
|Total funds carried||forward|||E|1118725|E|14204346|8|15323071|E|17022621|
||||Note||2023||2022|
|---|---|---|---|---|---|---|---|
||||||||E|
|Cash generated
from operating
activities:
Net cash provided
by (used in) operations|||16|~8842 561||~5747 560||
|Cash flow from other sources:||||||||
|Dividends,
interest and rents|from|investments|||955,841||912,093|
|Proceeds from sale of investments|||||152,511||717,500|
|||||E|1 1DB352|E|1 629593|
|Application
ofcash:||||||||
|Purchase of investments||||~60253||~607841||
|||||~860253||~8807 841||
|Net increase/(decrease)
in|cash||||205,538||78,092|
|Cash at bank at beginning|ofthe year||||380344||304 252|
|Cash at bank at year end||||E|585882|E|380 344|
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|6.|Direct c|osts ofCharitable
Activities|||
|---|---|---|---|---|
||||Year ended|Year ended|
||||31.3.23|31.3.22|
||||E||
||Grants|made:|||
||Oxfam||550,000|500,000|
||St Mungo's||100,000|100,000|
||Emmaus|UK|50,000|25,000|
||Shelter||150,000|125,000|
||||F850,000|6750,000|
|7.|Support|Costs|||
||||Year ended|Year ended|
||||31.3.23|31.3.22|
||||E||
||Management:||||
||Bank charges and nominee fees||206|206|
||||L206|F206|
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|Fixed Asset|Investments|||
|---|---|---|---|
|||2023|2022|
|||F.|k|
|Fair value at|1"April 2022|14,583,475|12,773,175|
|Addition||60,253|807,841|
|Disposals at|carrying
value|(147,364)|(456,125)|
|Revaluations|in the year|(1,650,549)|1,458,584|
|Fair value at|31"March 2023|F12,845,815|814,583,475|
##
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|10.|Property||Investments|Investments|Investments||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
|||||||||||6|
||Valuation||at beginning|||of|year||2,069,784|2,069,784|
||Investment||in year||||||||
||Disposals||in year||||||||
||Revaluation
gain(losses)||||||in year||(159,784)||
||||||||||Lt,910,000|L2,069,784|
||Investment||property||has been revalued|||to show the|values provided
by|professional|
||property|valuers||since the|||year end.||||
||||||||||2023|2022|
||||||||||6|6|
|11.|Cash at|Bank|||||||||
||Workman||LLP||||||26,791|19,578|
||Handelsbanken|||account|||||177,609|116,573|
||||||||||F204,400|6136,151|
|12.|Cash at|Investment||||Managers|||||
||Monies held by|||Investment|||Manager on|deposit:|||
||Cash||||||||6381,482|6244,192|
|13.|Debtors||||||||||
||Insurance||paid|in advance||||||6,959|
||VAT paid||in advance||||||3,443|3,311|
||Bank interest||||||||285||
||||||||||63,728|610,270|
|14.|Creditors:||Amounts|||Falling due within One Year|||||
||Insurance||from|tenant||in advance|||9,347|8,859|
||HM Revenue
8|||Customs|||- VAT||10,010|12,392|
||Royal &Sun Alliance|||||insurance|||2,997||
||||||||||L'22,354|521,251|
|||||||||||(Continued. ..)|
##
|15.|Fund||||Unrestricted|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
|||||||Fund|Fundf|Fundsf|
||Balance at 1"April 2022|||||1,013,090|16,009,531|17,022,621|
||Surplus/(Deficit)|ofincome|for year|||105,635||105,635|
||Revaluation/(devaluation)||during|the|year||(1,805,185)|(1,805,185)|
||||||f1,118,725||f14,204,346|F15,323,071|
##
|Reconciliation
ofn|et inc|ome/(expenditur|e)|to net c|ash flow from Ope|rating
Activitie|
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||F|
|Net income/(expenditure)||(as per Statement||of|||
|Financial
Activities)|||||105,635|161,887|
|Adjustments
for:|||||||
|Dividends,
interest,|rent from investment||||(955,841)|(912,093)|
|(Increase)/decrease|in debtors||||6,542|696|
|Increase/(decrease)|in creditors||||1,103|3,850|
|Net cash provided
by/(used||in) Operating|Activities||f(842,561)|f(745,660)|
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