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2022-04-05-accounts
|
Page |
| Trustees'report |
1-4 |
| Independentexaminer'sreport |
5 |
| Statementoffinancialactivities |
[y |
| Balancesheet |
7 |
| Notestothefinancialstatements |
8-14 |
| Settlor |
GillianDickinson |
| Charitynumber |
1094362 |
| Principaladdress |
c/oWombleBondDickinson(UK)LLP |
|
TheSpark |
|
DraymansWay |
|
NewcastleHelix |
|
NewcastleuponTyne |
|
NE45DE |
| Independentexaminer |
PhilipHoltFCAFCIE |
|
HighParkFarm |
|
Kirkbymoorside |
|
York |
|
Y0627HS |
| Bankers |
LloydsBankPlc |
|
102GreyStreet |
|
NewcastleUponTyne |
|
NE991SL |
| Solicitors |
WombleBondDickinson(UK)LLP |
|
TheSpark |
|
DraymansWay |
|
NewcastleHelix |
|
NewcastleuponTyne |
|
NE45DE |
| Investmentadvisors |
InvestecWealth&InvestmentLimited |
|
QuaysideHouse,CanalWharf, |
|
Leeds |
|
Yorkshire |
|
LS115PU |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| Incomefrom: |
|
|
|
| Incomeandendowmentsfrom: |
|
|
|
| Investmentsincome |
2 |
50,256 |
43,299 |
| Totalincome |
|
50,256 |
43,299 |
| Expenditureon: |
|
|
|
| Raisingfunds |
|
|
|
| Investmentmanagementcosts |
|
14,194 |
13,207 |
| Charitableactivities |
|
|
|
| Grantspayable |
3 |
101,054 |
15,200 |
| Other |
|
|
|
| Governancecosts |
4 |
12,471 |
11,409 |
| Totalcharitableexpenditure |
|
127,719 |
39,816 |
| Netincome/(expenditure)fortheyear |
|
(77,463) |
3,483 |
| Otherrecognisedgainsand(losses): |
|
|
|
| Netgains/(losses)onrevaluationoffixedassets |
|
54,713 |
335,740 |
| Netmovementinfunds |
|
(22,750) |
339,223 |
| Fundbalancesat6April2021 |
|
1,530,450 |
1,191,227 |
| Fundbalancesat5April2022 |
|
1,507,700 |
1,530,450 |
|
|
|
2022 |
|
2021 |
|
Notes |
£ |
£ |
£ |
£ |
Fixedassets |
|
|
|
|
|
| Investments |
6 |
|
1,649,966 |
|
1,663,375 |
| Currentassets |
|
|
|
|
|
| Debtors |
7 |
3,617 |
|
3,459 |
|
| Cashatbankandinhand |
|
20,413 |
|
38,479 |
|
|
|
24,030 |
|
41,938 |
|
| Creditors:amountsfallingduewithin |
|
|
|
|
|
| oneyear |
8 |
(93,796) |
|
(140,863) |
|
| Netcurrentliabilities |
|
|
(69,766) |
|
(98,925) |
| Totalassetslesscurrentliabilities |
|
|
1,580,200 |
|
1,564,450 |
| Creditors:amountsfallingdueafter |
|
|
|
|
|
| morethanoneyear |
9 |
|
(72,500) |
|
(34,000) |
| Netassets |
|
|
1,507,700 |
|
1,530,450 |
| FundsoftheCharity |
|
|
|
|
|
| Designatedfund-investmentfund |
10 |
|
1,649,966 |
|
1,663,375 |
| Unrestrictedgeneralfunds |
10 |
|
(142,266) |
|
(132,925) |
|
|
|
1,507,700 |
|
1,530,450 |
| Investmentsincome |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Incomefromlistedinvestments |
50,255 |
43,266 |
| Interestreceivable |
1 |
33 |
|
50,256 |
43,299 |
| Grantspayable |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Granttoinstitutions-6grants(2021:2grants) |
101,054 |
15,200 |
| Grantstoinstitutionsfromunrestrictedfundscomprise: |
|
|
| DanceCity |
90,000 |
- |
| NorthernCitrinesMarchingBand |
- |
2,700 |
| YoungPianistoftheNorth |
(20,000) |
- |
| NorthernChords |
10,000 |
- |
| NorthernSteelNetwork |
2,500 |
- |
| StBenedictsHospice |
729 |
- |
| CheeseburnSculpture |
(10,000) |
- |
| MonkchesterCIC |
2,825 |
- |
| NationalYouthChoir |
zs_nnn |
~~inn |
|
7V-I~VO4 |
17,LVV |
| Reconciliationofgrantspayable: |
|
|
| Commitmentsat6April2021 |
170,644 |
183,144 |
| Commitmentsmadeintheyear |
101,054 |
15,200 |
| Grantspaidduringtheyear |
(108,554) |
(255,040) |
| Commitmentsat5April2022 |
163,144 |
170,644 |
| Commitmentsat5April2022arepayableasfollows: |
|
|
| Withinoneyear |
90,644 |
136,644 |
| Aftermorethanoneyear |
72,500 |
34,000 |
|
163,144 |
170,644 |
| Governancecosts |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Othergovernancecostscomprise: |
|
|
| Administrationfees |
11,208 |
9,340 |
| Brokersfees |
(142) |
425 |
| IndependentExaminationfee |
840 |
840 |
| Websiteredesignandrunningcosts |
565 |
804 |
|
12,471 |
11,409 |
| Fixedassetinvestments |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Marketvaluebroughtforward |
1,663,375 |
1,340,276 |
| Acquisitionsatcost |
94,496 |
225,906 |
| Marketvalueofdisposals |
(176,799) |
(241,339) |
| Netgains/(losses)onrevaluationduringtheyear |
54,713 |
335,741 |
| Cashmovementsduringtheyear |
14,181 |
2,791 |
| Marketvaluecarriedforward |
1,649,966 |
1,663,375 |
| Historicalcost: |
|
|
| At5April2022 |
1,295,207 |
1,313,232 |
ThevaluationofinvestmentspreparedbyInvestecWealth&Investmenta
allocationofinvestmentsbymarketvaluewhichareheld: |
sat5April2022givest |
hefollowing |
|
2022 |
2021 |
|
£ |
£ |
| FixedInterest |
355,919 |
385,098 |
| Equities |
1,045,827 |
1,129,496 |
| HedgeFunds |
144,283 |
69,486 |
| Property |
67,525 |
57,064 |
| Cash |
36,412 |
22,231 |
|
1,649,966 |
1,663,375 |
| Theseinvestmentshavethefollowinggeographicalspread: |
|
|
|
2022 |
2021 |
|
£ |
£ |
| UnitedKingdom |
702,545 |
720,399 |
| Asia/Pacific |
275,616 |
167,712 |
| NorthAmerica |
416,553 |
335,615 |
| CentralandSouthAmerica |
14,871 |
- |
| Europe |
225,510 |
132,316 |
| International |
- |
184,078 |
| Other |
14,871 |
123,255 |
|
1,649,966 |
1,663,375 |
7 |
Debtors |
2022 |
2021 |
|
|
£ |
£ |
|
Prepaymentsandaccruedincome |
3,617 |
3,459 |
|
|
3,617 |
3,459 |
| 8 |
Creditors:amountsfallingduewithinoneyear |
2022 |
2021 |
|
|
£ |
£ |
|
Grantspayable |
90,644 |
136,644 |
|
IndependentExaminationfee |
840 |
840 |
|
Accruals |
2,312 |
3,379 |
|
|
93,796 |
140,863 |
| 9 |
Creditors:amountsfallingdueaftermorethanoneyear |
2022 |
2021 |
|
|
£ |
£ |
|
Grantspayable |
72,500 |
34,000 |
| 10 |
Analysisofnetassetsbetweenfunds |
|
|
|
Fundbalancesat5April2022arerepresentedby: |
|
|
|
|
Netcurrent |
Longterm |
|
|
Investments |
liabilities |
liabilities |
Total |
|
£ |
£ |
£ |
£ |
| UnrestrictedIncomeFunds |
|
|
|
|
| Designatedfunds-investmentfund |
1,649,966 |
- |
- |
1,649,966 |
| Unrestrictedgeneralfunds |
- |
(69,766) |
(72,500) |
(142,266) |
|
1,649,966 |
(69,766) |
(72,500) |
1,507,700 |
| Fundbalancesat5April2021arerepresentedby |
|
|
|
|
|
|
Netcurrent |
Longterm |
|
|
Investments |
liabilities |
liabilities |
Total |
|
£ |
£ |
£ |
£ |
| UnrestrictedIncomeFunds |
|
|
|
|
| Designatedfunds-investmentfund |
1,663,375 |
- |
- |
1,663,375 |
| Unrestrictedgeneralfunds |
- |
(98,925) |
(34,000) |
(132,925) |
|
1,663,375 |
(98,925) |
(34,000) |
1,530,450 |