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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|
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|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|||||||||||
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|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)|
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||||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|
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|||Note|2023|2022|
|---|---|---|---|---|
||||8|6|
|Fixed assets:|||||
|Investments||6|336,284|394,033|
|Current assets:|||||
|Debtors
Cash at bank|||14,355
6,393|1,553|
|Total current assets|||20,748|1,553|
|Liabilities:|||||
|Creditors —amounts|falling due within one year|9|(10,640)|(25,480)|
|Net current liabilities|||10,108|(23,927)|
|Total Net Assets|||F346,392|L' 370,106|
|The funds ofthe Charity|||||
|Unrestricted —Capital|fund||346,392|370,106|
|Total Funds|||6346,392|8370,106|
|Approved
on behalf|ofthe Trustees by:||||
|||(|2.&o2.&||
|Felicity Rice||Date|||
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||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|
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||FIXEDASSET INVESTIIENTS (continued)|FIXEDASSET INVESTIIENTS (continued)|FIXEDASSET INVESTIIENTS (continued)|Page||2023
F||2022f|
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||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|
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|FUND RECON|CILIATIO|N|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||Balance at||||||||Balance at|
|||5 April||||||||5 April|
|||2022f|Income
5||Expenditure
5||Losses
F|Transfers
6||2023
6|
|Unrestricted|Funds:||||||||||
|Capital Fund
Income Fund||370,106||78,721||(2,958)
(77,201)|(22,276)
-||1,520
(1,520)|346,392|
|Total Funds||F370,106|F|78,721|6|(80,159)|6(22,276)|5|—|5346,392|
|||Balance at||||||||Balance at|
|||5April||||||||5 April|
|||2021
5|Income
5||Expenditure
5||Gains
5|Transfers
5||2022
5|
|Unrestricted|Funds:||||||||||
|Capital Fund||396,580||66||(3,345)|21,836||(45,031)|370,106|
|Income Fund||||13,708||(58,739)|||45,031||
|Total Funds||F396,580|5|13,774|5|(62,084)|F 21,836|5|—|5370,106|
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