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|Business Information|||
|---|---|---|
|Report ofthe Trustees|||
|Independent
Examiner's|Report||
|Statement ofFinancial Activities|||
|Balance Sheet||10|
|Notes tothe Financial Statements||12|
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|PATRONS:||The Lord St.Oswald|The Lord St.Oswald|
|---|---|---|---|
|||Trevor Gurney,|FCA|
|||Christine Talbot||
|||Judith Blake||
|||Prof. Alex M. Davison, RD, MD, FRCP||
|||Danni Hewson||
|||Matthew
Lewis||
|||Kevin Sinfield MBE||
|||Stuart Andrew MP||
|||Professor Graham A. Leslie Hon DBA, CBE||
|||Tim Hogarth||
|SECRETARY:||Rachel Dunhill
MAAT, ACA||
|REGISTERED|OFFICE:|StPeg's Mill||
|||Brighouse||
|||West Yorkshire||
|||HD6 4AH||
|BANKERS:||Yorkshire Bank|PLC|
|||94-96Briggate||
|||Leeds||
|||LS16NP||
|INVESTMENT|FUND MANAGERS:|Brewin Dolphin SecunTies Limited
P0Box512||
|||National
House||
|||36StAnn Street||
|||Manchester,
M60 2EP||
|INDEPENDENT|EXAMINER:|Daniel Brownhill|FCA, FMAAT|
|||Integra Advisers|LLP|
|||1 Westleigh
Hall||
|||Wakefield
Road||
|||Denby Dale||
|||Huddersfield||
|||HD8 8QJ||
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|~Ch N~nmter:
O~t:|1106412
5255555|
|---|---|
|~Ri t %ON:|StP 5'
Nlt|
||Brighouse|
||West Yorkshire|
||HD6 4AH|
|Inde endent Examiner:|Daniel Brownhill|FCA FMAAT|
|---|---|---|
||Integra Advisers|LLP|
||1 Westleigh
Hall||
||Wakefield
Road||
||Denby Dale||
||Huddersfield||
||HD8 8QJ||
|Bankers:|Yorkshire Bank|PLC|
||94-96Briggate||
||Leeds||
||LS16NP||
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|||Notes|Unresbicted
Funds|Restricted Funds|Total|Total|
|---|---|---|---|---|---|---|
||||||2023|2022|
|INCOME:|||||||
|Donations and legacies||2|44,736||44,736|106,944|
|Other eading activities||3|18,994||18,994|42,203|
|Investments||4|28,745||28,745|21,880|
|Other —JRSgrant||||||1,023|
|TOTAL INCOME|||92,475||92,475|172,050|
|EXPENDITURE:|||||||
|Cost ofraising funds|||48,224||48,224|67,016|
|Charitable actMties|||189,257|(8,334)|180,923|133,301|
|Other —soltware costs|||41||41||
|TOTAL EXPENDITURE|||237,522|(8,334)|229,188|200,317|
|Net (expenditure)/income|and||||||
|Net movement
in funds before|||||||
|gains and losses in invesbnents|||(145,047)|8,334|(136,713)|(28,267)|
|Net gain/(loss) on investments|||67,065||67,065|(203,478)|
|Net (expenditure)lincome|and|net|||||
|Movement
in funds forthe year|||(77,982)|8,334|(69,648)|(231,745)|
|Tolal funds brought forward|||1,376,902|38,129|1,415,031|1,646,776|
|Total funds carried forward|||1,298,920|46,463|1,345,383|1,415,031|
##
||Notes|Unrestricted
Funds|Restricted Funds|Total|Total|
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|5|
|FIXEDASSETS||||||
|Investments|10|1,433,509|46,463|1,479,972|1,494,779|
|CURRENT ASSETS||||||
|Debtors|11|656||656|2,682|
|Cash at bank and in hand|12|13,742||13,742|99,532|
|Total current assets||14,398||14,398|102,214|
|CREDITORS Amounts||||||
|falling due within one year|13|(108,987)||(108,987)|(170,978)|
|NET CURRENT (LIABILITIES)/ASSETS||(94,589)||(94,589)|(68,764)|
|NETASSETSLESSCURRENT||||||
|LIABILITIES||1,338,920|46,463|1,385,383|1,426,015|
|CREDITORS Amounts||||||
|falling due alter one year|14|(40,000)||(40,000)|(10,984)|
|NETASSETS||1,298,920|46,463|1,345,383|1,415,031|
|The funds ofthe charity:||||||
|Restricted income funds|16||46,463|46,463|38,129|
|Unrestricted
income funds|15|1,298,920||1,298,920|1,376,902|
|||1,298,920|46,463|1,345,383|1,415,031|
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|3.|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|||||
|---|---|---|---|---|---|---|---|
|||||Unresbtcted|Restricled|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||||2023
k|2022
f|
||Dinner dance income|||430||||
||Fund raising|events||18,564||18,564|6,343|
|||||18,994||18,994|42,203|
|4.|INVESTMENT|||||||
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||||2023|2022|
|||||||E|E|
||Investment|income||27,218||27,218|21,214|
||Bank interest|||871||871|13|
||Gilt Aid|||656||656|653|
|||||28,745||28,745|21,880|
|5.|COSTSOF|GENERATING||||||
||VOLUNTARY INCOME|||||||
|||||Untastricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||||2023|2022|
||||||||F|
||Dinner dance costs||||||18,083|
||Advertising|||4,800||4,800|5,440|
||Fundraising|events||4,473||4,473|5,087|
||Website 8 e-mail costs||||||250|
||Rent|||2,795||2,795|2,795|
||Staffcosts|||23,683||23,683|23,437|
||Travel costs|||364||364|527|
||Newsletter costs|||2.123||2.123|820|
||Posh', pnnting and stationery
Telephone|||8
639||8
639|113
542|
||Investment|management|fees (note 6)|9,041||9,041|9,706|
||Just giving fees|||274||274|216|
||Sundry|||24||24||
|||||||48,224|67,016|
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|6.|INVESTMENT MANAGEMENT|INVESTMENT MANAGEMENT|INVESTMENT MANAGEMENT|||||
|---|---|---|---|---|---|---|---|
||COSTS|||||||
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||||2023|2022|
|||||||6|L'|
||Brewin Dolphin fees|||9,041||9,041|9,706|
|7.|CHARITABLE ACTIYITIES|||||||
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||||2023|2022|
|||||||E|6|
||RalTcosts|||23,683||23,683|23,437|
||Stationery,|printing|and postage|8||8|113|
||Rent|||2,795||2,795|2,795|
||Grants (note 8)|||148,820|(8,334)|140,4&6|94,470|
||Governance|costs|(note 9)|13,951||13,951|12,486|
|||||189,257|(8,334)|180,923|133,301|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||||2023|2022|
|||||||E|6|
|Dr Winterbottom||||29,979||29,979||
|KRUK —Professor Johnson||||||||
|KRUK —Professor McDonald||||61,500||61,500||
|Dr Lewington —release|unused||grant|(1,159)||(1,159)||
|Dr Will —release unused|grant||||(8,334)|(8,334)||
|Dr Lewington|||||||94,512|
|Dr Drinkhifi —release unused||grant|||||(42)|
|||||148,820|(8,334)|140,4&6|94,470|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||||2023|2022|
||||||E|E|
|Staff coals|||7,711||7,711|7,631|
|Postage, stationery||and printing|2||2|37|
|Insurance|||273||273|266|
|Rent|||910||910|910|
|Computer costs||||||38|
|Independent|examination||3,300||3,300|3.120|
|Payroll costs|||173||173|172|
|Finance charges|||654||654|312|
|Legal fees|||928||928||
||||13,951||13,951|12,486|
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|||||30September 2|023||||
|---|---|---|---|---|---|---|---|---|
|10.|INVESTMENTS||||||||
||Quoted investments|||||2023||2022|
||||||||E|E|
||Market value at 1 October 2022|||||1,422,369||1,729,609|
||Less: Disposals at opening|||book cost||(678,045)||(531,752)|
||Add:
AcquisiTions atcost|||||664,121||400,778|
||Net gain on revaluation|||at30September 2023||33,337||(176,266)|
||Market value at30|September 2023||||1,441,782||1,422,369|
||Cash held in invesknent||porffolio|||38,190||72,410|
||Total investments|at|30September 2023|||1,479,972||1,494,779|
||Historical cost at30|September 2023||||1,309,627||1,316,262|
||Investments
are analysed|||as follows:|||||
||||||2023|||2022|
|||||Market||%ofTotal||%ofTotal|
|||||value||||value|
|||||||f'||F|
||Absolute
Return|||63,847||4.31%|61,741|413%|
||Asia PaciTic Equities|||78,698||5.32%|82,321|5.51%|
||Emerging
Markets Equities|||6,336||0.43%|9,454|0.63%|
||UK Equities|||226,012||15.27%|284,354|19.02%|
||European
EquiTies|||59,925||4.05%|49,140|3.29%|
||Global Investments|||89,708||6.06%|62,773|4.20%|
||Japanese Equities|||40,674||2.75%|36,393|2.43%|
||Property|||28,257||1.91%|30,566|2.04%|
||UK Bonds|||84,360||5.70%|104,424|6.99%|
||N American EquIes|||344,761||23.30%|375,618|2513%|
||Commodities|||38,220||2.58%|43,034|2.88%|
||Overseas Bonds|||127,989||8.65%||3.28'Yo|
||Other|||51,503||3.48%|40,482|2.71%|
||COIF|||201,492||13.61%|193,085|12.92%|
||Cash|||38,190||2.58'Yo|72,410|4.&4%|
||SUBTOTAL|||1,479,972||100.00%|1,494,779|100.00%|
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|11.|DEBTORS|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
||Prepayments|and accrued|income||2,682|
|||||656|2,682|
|12.|CASH AT BANK|||||
||Current Accounts|||12,562|97,816|
||Deposit Accounts|||919|887|
||Petty cash|||||
||Just Giving|||205|783|
|||||13,742||
|13.|CREDITORS|—Amounts|falling due within one year|||
|||||2023||
|||||6||
||Other creditors|||19,876|19,921|
||Grants committed|||81,289|143,279|
||Other taxation|and social|secudty|2,244|2,332|
||Accruals and|deferred income||5,578|5,446|
|||||108,987|170,978|
|14.|CREDITORS- Amounts||falling due after more than one year|||
|||||2023
E|2022f|
||Grants committed||||10,984|
||||||10,984|
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|||Balance|Income|Expenditure|Gain/(loss)|Balance|
|---|---|---|---|---|---|---|
|||01/10/22|||on revaluabon|30/09/23|
|Unrestricted|funds|1,376,902|92,475|(237,522)|67,065|1,298,920|
|||1,376,902|92,475|(237,522)|67,065|1,298,920|
|||Balance|Income|Expenditure|Gain/(loss)|Balance|
|||01/10/21|||on revaluation|30/09/22|
|Unrestricted|funds|1,608,647|164,350|(192,617)|(203,478)|1,376,902|
|||1,608,647|164,350|(192,617)|(203,478)|1,376,902|
|The income includes
restricted|funds as reported
in t|he Statement|ofFinancial A|ctivibes|as follows:|
|---|---|---|---|---|---|
||Balance at|Release|Transfer|to|Balance at|
||01/10/22|Unused grant|Unrestricted|fund|30/09/23|
||6|F|||6|
|Icebirg Project|29.111||||37,445|
|Legacy —Mary Strang|9,018||||9,018|
||38,129|8,334||||
||Balance at|Income|Transfer|to|Balance at|
||01/10/21
6||Unrestricted
f|fund|30/09/22
f|
|Icebirg Project|29,111||||29.111|
|Legacy —Mary Strang|9.018||||9,018|
|CPEXequipment||2,500|(2,500)|||
|Dr Daga —Novarbs||5,200|(5,200)|||
|||7,700|(7,700)||38,129|
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|ALLOCATION OFSUPP|ORT COS|TSAND OVERHE|ADS|||
|---|---|---|---|---|---|
||Total||Costs of|Charitable|Basis of|
||Allocated|Governance|raising funds|activiTies|Apporbonment|
|Cost type||||||
|Stalf costs|55,077|7,711|23,683|23,683|14:43:43%|
|Rent|6,500|910|2,795|2,795|144343%|
|Postage and stationery|18|2|8|8|14:43:43%|
||61,595|8,623|26,486|26,486||
|NALYSIS OF NET ASSETSBETWEEN FUNDS||||||
|||Unrestricted|Restdicted|2023|2022|
|||Funds|Funds|Total|Total|
|||6|6|6|6|
|Fixed asset investments||1,433,509|46,463|1,479,972|1,494,779|
|Current assets||14,398||14,398|102,214|
|Current
liabilities||(108,987)||(108,987)|(170,978)|
|Long term liabilities||(40,000)||(40,000)|(10,984)|
|Net assets as at30September 2023 1,298,920|||46,463|1,345,383|1,415,031|
|||Unrestricted|Restricted|2022|2021|
|||Funds
E|Funds
E|Total
f|Total
L|
|Fixed asset investments||1,494,779||1,494,779|1,776,993|
|Current assets||34,100|68,114|102,214|33.113|
|Current
liabilities||(140,993)|(29,985)|(170,978)|(163,330)|
|Long term liabilities||(10,984)||(10,984)||
|Net assets as at30September 2022 1,376,902|||38,129|1,415,031|1,646,776|
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