2023-04-05-accounts - The Prudence Scott Charitable Trust

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		Page
Annual Report ofthe Trustees		1-6
Independent Examiners	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		10-14

char	ity's trust	deed and	deed and	a	pplicabl	pplicabl	e law.	e law.
The	financial	statements			comply		with the Charities Act 2011		and where			relevant,		the	Charities		Act	2022,
the	charity's	trust	deed		dated		12 September 2000 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 —SORP (FRS).
1.	REFERENCE AND				ADMINISTRATIVE DETAILS
	UK Charity		Registration				No.:	1087952
	Registered		Office:					Eighth Floor
								6 New Street Square
								London EC4A 3AQ
	Telephone		Number:					020 7842 2000
	Trustees:							Felicity Annette Rice		(appointed			16February		2023)
								Rebecca Anne Scott
								Madeleine Mary Scott (appointed					16February 2023)
								Simon Paul Jennings		(retired		16	February 2023)
								Edward Roland Haslewood			Perks (retired 16February						2023)
	Accountants:							Rawlinson 8 Hunter		LLP
								Eighth Floor, 6 New		Street	Square,
								New Fetter Lane, London EC4A					3AQ
	Independent		Examiner:					Michael Foster FCCA CTA
								Eighth Floor, 6 New		Street	Square,
								New Fetter Lane, London EC4A					3AQ
	Investment		Managers:					Evelyn Partners
								45 Gresham Street
								London EC2V 7BG
	Solicitors:							Currey 8 Co LLP
								33Queen Anne Street
								London W1G 9HY
	Tax District		8 Reference:					HMRC Charities
								ref; XR67016& UTR: 0106842047

a	sset allocation ofthe portf	olio valued at	6336,736at 5 April	2023 was as follo
~	Sterling fixed interest and	cash	12.4'/o	12.3/o (2022)
~	Foreign fixed interest		3.4'/o	2.2 /o (2022)
~	UK equities		24.7'/o	24.3/o (2022)
~	North American equities		13.8'/o	16.8/o (2022)
~	European equities		2.7'/o	2.1 /o (2022)
~ ~	Far East equities Rest ofthe World/Global	equities	8.6'/o 14'/o	7.7 /o (2022) 12.5/o (2022)
~	Multi asset investments		20.4'/o	22.1 /o (2022)

			UNRESTRICTED FUNDS	UNRESTRICTED FUNDS
			Income	Capital	Total	Total
		Note	Fund	Fund	2023	2022
				5	8	F
Income from:
Voluntary donations			67,317		67,317	3,451
Investments			9,512		9,512	10,323
Income from charitable		activity	1,809		1,809
Bank interest			83		83
Total income			78,721		78,721	13,774
Expenditure on:
Charitable activities			77,201		77,201	58,739
Raising funds				2,958	2,958	3,345
Total expenditure			77,201	2,958	80,159	62,084
Net (loss)/gains on	investments			(22,276)	(22,276)	21,836
Net (expenditure)/income			1,520	(25,234)	(23,714)	(26,474)
Transfers between	funds		(1,520)	1,520
Net movement in funds				(23,714)	(23,714)	(26,474)
Reconciliation offunds:
Total funds brought	forward at 6April 2022			370,106	370,106	396,580
Total funds carried forward at 5 April 2023			5	L' 346,392	F 346,392	6370,106

	F	O	R THE	YEAR ENDE	D 5APRIL 2	023
2.	VOLUNTARY INCOME					Page		2023 F		2022
	Donations received							51,000
	Gift Aid tax relief							12,750
	Discretionary Trust income distributions							1,962		1,898
	Trust income tax credit							1,605		1,553
							E	67,317		E3,451
3.	INCOME FROM INVESTMENTS
	UK Income
	Gross income from UK quoted Non UK Income		investments					6,216		8,006
	Gross income from overseas		quoted	investments				3,296		2,317
	Total investment income					8	E	9,512	E	10,323
4.	CHARITABLE ACTIVITIES
	Charitable donations:
	Standpoint Studio (registered		charity	no.1064750)				43,000		31,500
	Nature Chronicle prize costs							28,225		16,109
	Governance Costs:
	Accountancy fees Legal fees							3,636 1,200		4,758 6,372
	Independent examiner fees							1,020
	Bank charges							120
	Total charitable activities					8	F	77,201	F	58,739
5.	COST OF RAISING FUNDS
	Investment management fees					8	E	2,958	E	3,345
6.	FIXEDASSET INVESTIIENTS
	Investments and cash held	under		management	comprise:
	Quoted United Kingdom securities Quoted Overseas securities							225,180 103,152		343,761 46,194
	Total investments excluding	cash						328,332		389,955
	Capital cash held at Evelyn Partners							7,952		4,078
	Total investment assets					9	F	336,284	F	394,033

	FIXEDASSET INVESTIIENTS (continued)	FIXEDASSET INVESTIIENTS (continued)	FIXEDASSET INVESTIIENTS (continued)	Page		2023 F		2022f
	Quoted Investments
	Market value at 6 April 2022					389,955		392,554
	Additions at cost					82,550		143,543
	Disposal at carrying value					(121,897)		(167,978)
	Net investment (loss)/gains			13		(22,276)		21,836
	Market value at 5 April	2023			F	328,332	6	389,955
	Net gains on investment	assets
	Net realised (loss)/gains on sales Net unrealised (loss)/gains on revaluation					(8,833) (13,443)		4,384 17,452
	Total net (loss)/gains on investment		assets	8	6	(22276)	F	21,836
	Historical cost at 5 April 2023				F	311,056	F	343,759
7.	DEBTORS
	HM Revenue 8 Customs HM Revenue 8 Customs	—Gif aid tax - reclaimable	relief tax credit			12,750 1,605		1,553
				9	6	14,355	6
8.	CASH AT BANK
	Cash held at CAF					6,300
	Evelyn Partners - income	account				93
				9	6	6,393	F
9.	CREDITORS - amounts	falling due	within one year
	Charitable activities —Rebecca Scott					6,819		16,109
	Legal fees Independent examiner's	fees				1,200 1,020		6,372
	Accountancy fees Investment management	fees				909 692		2,211 788
				9	6	10,640	5	25,480