2023-04-05-accounts - The Gillian Dickinson Trust

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The financial	statements	statements	statements	have been	prepared	accordance	accordance	accordance	accordance	accordance	with the accounting	with the accounting	with the accounting	with the accounting	with the accounting	policies set out in note 1 to the	policies set out in note 1 to the
financial statements			and	comply with	the charity's		memorandum					and	artides of		association,		the Charities Act 2011
and Accounting		and	Reporting by Charities: Statement					of		Recommended				Pracfice		applicable	to chariTies preparing
their accounts		in accordance with the Financial				Reporting				Standard			applicable		in	the UK and Republic of Ireland
(FRS102)(elfective			1 January 2019).
Reference and		administrative informagon
Settlor				Gillian Dickinson
Charity number				1094362
Principal address				c/o Womble Bond Dickinson				(UK)			I LP
				The Spark
				Draymans	Way
				Newcastle	Helix
				Newcastle	upon Tyne
				NE4 5DE
Independent	examiner			Philip Holt	FCA FCIE
				High Park	Farm
				Kirkbymoorside
				York
				YO52 7HS
Bankem				Uoyds Bank Pic
				102Grey	Street
				Newcastle	Upon Tyne
				NE99 1SL
Soltcltors				Womble Bond Dickinson			(UK)		LLP
				The Spark
				Draymans	Way
				Newcastle	Helix
				Newcastle	upon Tyne
				NF4 5DE
Investment	advisors			Investec Wealth & Investment					Limited
				Quayside	House, Canal		Wharf,
				Leeds
				Yorkshim
				LS115PU

						2023	2022
					Notes	0
Income from:
Income and endowmenhr			from:
Investments income						54,297	50,256
Total income						54,297	50,256
Expenditure on:
Raising funds
Investment management		costs				12,091	14,194
Charitable acgvtges
Grants payable					3	206,000	101,054
Other
Governance costs						15,260	12,471
Toial charitable expenditure						233,351	127,719
Net income l(expenditure)			for the year			(179,054)	(77,463)
Other recognised	gains	and (losses):
Nst gains/(losses)	on investment			assets		(134,096)	54,713
Net movement in	funds					(314,050)	(22,750)
Fund balances at 6April 2022						1,507,700	1,530,450
Fund balances at	5April		2023			1,193,650	1,507,700

						2023		2022
						F		f
Fixed assets
Invesirnenls						1,365,682		1,649,966
Current assels
Debtors					3,317		3,617
Cash at bank and in		hand			25,087		20,413
					28,404		24,030
Creditors:	amounts	falgng	due within
one year				8	(118,436)		(93,796)
Net current	liabili5es					(90,032)		(69,766)
Total assets less current liabilfges						l,275,660		1,560,200
Creditors:	amounts	falling	due after
more than	one year					(82,000)		(72,500)
Net assets						1,193,650		1,507,700
Funds ofthe Charity
Designated	fund - investment		fund			1,365,682		1,649,966
Unrestricted	general funds			10		(172,032)		(142,266)
						1,193,650		1,507,700

2	Investments income
						2023	2022
						E
	Income from listed investments					53,928	50,255
	Interest receivable					369	1
						54,297	50,255
3	Grants payable
						2023	2022
						8	E
	Grants to instkutions	-	9grants (2022:0grants)			206,000	101,054
	Grants to institudons		from unrestricted		funds comprise:	2023	2022
							2
	Dance City						90,000
	Birkheads Wild					45,000
	Berwick Educational	Association				3,500
	Young Pianist ofthe	North					(20,000)
	Northern Chords						10,000
	Northern Steel Network						2,500
	StBenedicts Hospice						729
	Cheesebum Sculpture						(10,000)
	Monkchester CIC						2,525
	Live Theatre					60,000
	National Youth Choir						25,000
	Enter CIC					4,000
	Durham Music Trust					30,000
	Customs House					7,500
	Orchestras Live					10,000
	Artichoke					10,000
	Norlhumberland National			Park		36,000
						206,000	101.054


3	Grants payabta						(Continued)
	Reconciliation ofgrants			payable:		2023	2022
						E
	Commitments	at6April 2022				163,144	'I70,644
	Commitments	inade	in the year			206,000	101,054
	Grants paid during the year					(176,000)	(108,554)
	Commitments	at 5April 2023				183,144	153,144
	Cornmitmenta	at 5	April	2023are payable as follows:		E	E
	Within one year					111,144	90,644
	ARer more than one		year			82,000	72,500
						183,144	163,144
4	Governance	costs
						2023	2022
						E
	Other governance costs comprise:
	Administration	fees				11,620	11,208
	Brokers fees						(142)
	Independent	Examination		fee		840	840
	Website redesign and running				costs	2,800	565
						16,280	12,471

Fixed asset	i	nvestm	ent	s
									2023	2022
									6	E
Market value		brought		forward					1,64a,ass	1,663,373
Acquisitions	at cost								144,319	94,496
Market value	ofdisposals								(204,340)	(175,797)
Fair value movements									(2ts,asa)	54,713
Cash movements during				the year					(8,364)	14,181
Market value		can1ed forward							1,365,682	1,549,956
Historical cost
At 5April 2023									1,226,982	1,295,207
The valuation		of investments			prepared	by Investec Wealth		& Investment as at	5April 2023 gives the following
allocation of	investments			by market value which are held:
									2023 6	2022f
Fixed interest									312,798	355,919
EquMes									778,675	1,045,827
Hedge Funds									191,007	144,253
Properly									55,094	67,525
Cash									28,108	36,412
									1,365,682	1,549,965
These investments			have the		following	geographical	spread:
									2023	2022
										8
United Kingdom									616,707	702,545
Asiarpaciilc									162,024	275,616
North Arne neo									400,052	416,553
Central and South America									30,302	14,871
Europe									150,157	225,510
Other									6,440	14,671
									1,365,682	1,649,965

							2023	2022
							E	E
	Prepayments	and accrued income					3,317	3,617
							3,317	3,617
8	Creditors: amounts falling due within one			year			2023	2022
							E	E
	Creditors						4,320
	Grants payable						111,144	90,644
	independent	Examination fee					840	840
	Accruals						2,132	2,312
							118,436	93.796
9	Creditors: amounts falling due atter more			than	one year		2D23 E	2022f
	Grants payable						82,000	72,500
							82,000	72,500
10	Analysis ofnet assets between funds
	Fund balances at 5April 2023are represented				by:
						Net cunsnt	Long tenn
					investments	liabilities	liabilities	Total
					E	E	E	E
	Unresbtcted	income Funds
	Designated	funds —investment	fund		1,385,882			1,365,682
	Unrestricted	general funds				(90,032)	(82,000)	(172,032)
					1,365,682	(90,032)	(82,DDD)	1,193,650
	Fund balances at5April 2022		are represented	by:
						Net current	Long term
					Investments	liabilities	liabilities	Total
					E	E	f	E
	Unrestrided	Income Funds
	Designated	funds - investment	fund		1,649.986			1,649,966
	Unrestricted	general funds				(69,766)	(72,500)	(142,266)
					1,649,966	(B9,766)	(72,500)	1,507,700

Analysis of	Analysis of	charitable	funds - curre	nt year
Unrestricted		funds
			Balance at 6	Income	Expenditure	Gains snd	Transfers	Balance at 5
			April 2022 E	f	E	losses f	E	April 2023 f
General fund			(142,266)	54,297	(233,351)	60,983	68,325	(172,032)
Designated		fund-
Investment	fund		1,549,966			(215,959)	(88,325)	1,36S,682
			1,507,700	54,297	(233,3S1)	(134,996)		1,193,650
Analysis ofcharitable			funds - prioi	year
Unmstricted		funds
			Baktnce at6	Income	Expenditure	Gains and	Transfers	Balance at 5
			April 2021 E		E	lossesf	f	April 2022 f
General fund			(132,925)	50,256	(127,719)	13,316		(142,266)
Designated		fund-
Investment	fund		1,663,375			41,395	(54,604)	1,649,966
			1,530,450	50,256	(127,719)	54,713		1,507,700