| Trustees | Baroness Neuberger | Baroness Neuberger | DBE | ||||
|---|---|---|---|---|---|---|---|
| Professor Anthony | Neuberger | ||||||
| Sheila Spalding | |||||||
| Dr Katie Petty-Saphon | |||||||
| Lady Brittan DBE | |||||||
| Dr Rebecca Murray | |||||||
| Baroness Sally | Hamwee | (Appointed | 24 May 2022) | ||||
| Charity number | 1091870 | ||||||
| Principal address | SWTrust | ||||||
| PO Box12327 | |||||||
| Colchester | |||||||
| CO6 4XE | |||||||
| Independent | examiner | Mark Taylor | |||||
| c/o HW Fisher | LLP | ||||||
| Chartered Accountants |
|||||||
| Acre House | |||||||
| 11-15William | Road | ||||||
| London | |||||||
| NW1 3ER | |||||||
| Bankers | National Westminster |
Bank Pic | |||||
| Head Office | |||||||
| 41 Lothbury | |||||||
| London | |||||||
| EC2 2BP | |||||||
| Solicitors | Payne Hicks Beach | LLP | |||||
| 10New Square | |||||||
| Lincoln's Inn |
|||||||
| London | |||||||
| WC2A 3Q |
| Page | ||||
|---|---|---|---|---|
| Trustees' report |
1-3 | |||
| Independent | examiner's | report | ||
| Statement of | financial | activities | ||
| Balance sheet | ||||
| Notes to the financial | statements |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Tota I |
||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||||
| Notes | f | f | f | f | f | f | |||
| Income from: | |||||||||
| Donations and |
legacies | 25,986 | 342,987 | 368,973 | 31,542 | 50,780 | 82,322 | ||
| Investments | 16,801 | 16,801 | 17,916 | 17,916 | |||||
| Total income | 25,986 | 359,788 | 385,774 | 31,542 | 68,696 | 100,238 | |||
| ~Ex enditore on: | |||||||||
| Investment management |
|||||||||
| costs | 3,954 | 3,954 | 6,178 | 6,178 | |||||
| Charitable activities |
23,522 | 319,405 | 342,927 | 26,757 | 278,722 | 305,479 | |||
| Total resources | expended | 23,522 | 323,359 | 346,881 | 26,757 | 284,900 | 311,657 | ||
| Net gains/(losses) | on | ||||||||
| investments | 10 | (26,350) | (26,350) | 19,673 | 19,673 | ||||
| Net incoming/(outgoing) | |||||||||
| resources before | transfers | 2,464 | 10,079 | 12,543 | 4,785 | (196,531) | (191,746) | ||
| Gross transfers | between | ||||||||
| funds | (3,000) | 3,000 | |||||||
| Net movement | in | funds | (536) | 13,079 | 12,543 | 4,785 | (196,531) | (191,746) | |
| Fund balances | at | 2 May | |||||||
| 2022 | 43,205 | 956,307 | 999,512 | 38,420 | 1,152,838 | 1,191,258 | |||
| Fund balances | at | 1May | |||||||
| 2023 | 42,669 | 969,386 | 1,012,055 | 43,205 | 956,307 | 999,512 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Tota I |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||||
| f | f | f | f | f | f | |||||
| Donations | and gifts | 25,986 | 342,987 | 368,973 | 31,542 | 50,780 | 82,322 | |||
| 4 | Investments | |||||||||
| Restricted | Restricted | |||||||||
| funds | funds | |||||||||
| 2023 | 2022 | |||||||||
| f | f | |||||||||
| Income from listed | investments | 11,975 | 15,307 | |||||||
| Interest receivable | 4,826 | 2,609 | ||||||||
| 16,801 | 17,916 | |||||||||
| 5 | Charitable | activities | ||||||||
| 2023 | 2022 | |||||||||
| f | f | |||||||||
| Grant funding ofactivities (see note 6) | 298,841 | 261,237 | ||||||||
| Share of support costs (see note | 7) | 36,467 | 36,736 | |||||||
| Share ofgovernance | costs (see note 7) | 7,619 | 7,506 | |||||||
| 342,927 | 305,479 | |||||||||
| Analysis | by | fund | ||||||||
| Unrestricted | funds | 23,522 | 26,757 | |||||||
| Restricted | funds | 319,405 | 278,722 | |||||||
| 342,927 | 305,479 |
| Education | Education | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f | f | |||
| Grants | to | individuals | 298,841 | 261,237 |
| 298,841 | 261,237 |
| Support costs | ||||||
|---|---|---|---|---|---|---|
| Support costs | Governance | 2023 | Support costs | Governance | 2022 | |
| costs | costs | |||||
| Admininistrative costs |
36,467 | 36,467 | 36,736 | 36,736 | ||
| Independent examination |
7,619 | 7,619 | 7,506 | 7,506 | ||
| 36,467 | 7,619 | 44,086 | 36,736 | 7,506 | 44,242 | |
| Analysed between |
||||||
| Charitable activities |
36,467 | 7,619 | 44,086 | 36,736 | 7,506 | 44,242 |
| 10 | Net gains/(losses) | Net gains/(losses) | on investments | ||
|---|---|---|---|---|---|
| Restricted | Restricted | ||||
| funds | funds | ||||
| 2023 | 2022 | ||||
| f | f | ||||
| Revaluation | of investments | (17,007) | 18,947 | ||
| Gain/(loss) | on sale | of investments | (9,343) | 726 | |
| (26,350) | 19,673 |
| Listed | Cash in portfolio | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| investments | |||||||||
| Cost or valuation | |||||||||
| At 2 May | 2022 | 707,535 | 35,672 | 743,207 | |||||
| Additions | 88,612 | (88,612) | |||||||
| Valuation | changes | (17,007) | (17,007) | ||||||
| Management fees |
(4,135) | (4,135) | |||||||
| Dividend | and interest | income | 16,801 | 16,801 | |||||
| Disposals | (294,695) | 285,352 | (9,343) | ||||||
| Funds received | 100,001 | 100,001 | |||||||
| At 1May | 2023 | 484,445 | 345,079 | 829,524 | |||||
| Carrying | amount | ||||||||
| At 01May 2023 | 484,445 | 345,079 | 829,524 | ||||||
| At 01May 2022 | 707,535 | 35,672 | 743,207 | ||||||
| 12 | Financial | instruments | 2023 | 2022 | |||||
| f | f | ||||||||
| Carrying | amount | offinancial | assets | ||||||
| Debt instruments | measured | at amortised | cost | 19,942 | 39,880 | ||||
| Equity instruments | measured | at fair value | 829,524 | 743,207 | |||||
| Carrying | amount | offinancial | liabilities | ||||||
| Measured | at amortised | cost | 38,787 | 12,656 |
| 13 | Debtors | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Amounts | falling due | within one year: | f | f | |
| Other debtors | 19,942 | 39,880 | |||
| 14 | Creditors: | amounts | falling due within one year | ||
| 2023 | 2022 | ||||
| f | f | ||||
| Trade creditors | 21,402 | ||||
| Other creditors | 1,827 | ||||
| Accruals | 15,558 | 12,656 | |||
| 38,787 | 12,656 |
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| 16 | Analysis of net assets | between | funds | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Tota I |
|||
| funds | funds | funds | funds | |||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
| f | f | f | f | f | f | |||
| Fund balances at 1May | ||||||||
| 2023 are represented | by: | |||||||
| Investments | 829,524 | 829,524 | 743,207 | 743,207 | ||||
| Current assets/(liabilities) | 42,669 | 139,862 | 182,531 | 43,205 | 213,100 | 256,305 | ||
| 42,669 | 969,386 | 1,012,055 | 43,205 | 956,307 | 999,512 |