| Page | ||
|---|---|---|
| Trustees' annual report |
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| Independent examiner's report to the trustees |
||
| Statement offinancial | activities | |
| Statement offinancial | position | |
| Notes to the financial | statemenh |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | 6 | 6 | ||
| Fixed assets | ||||
| Investments | 13 | 3,773,767 | 3,938,970 | |
| Current assets | ||||
| Cash at bank and in | hand | 29,219 | 113,136 | |
| Creditors: amounts | falling due within one year | 14 | 7,240 | 5,941 |
| Net current assets | 21,979 | 107,195 | ||
| Total assets less current liabilities | 3,795,74B | 4,046,165 | ||
| Net assets | 3,795,746 | 4,046,165 | ||
| Funds ofthe charity | ||||
| Income funds | (16,466) | (53,902) | ||
| Capital funds | 3,612,212 | 4,100,0B7 | ||
| Total charity funds | 15 | 3,795,746 | 4,046,165 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Income | Capital | Total funds | Totalfunds | ||||
| Note | E | 8 | 8 | E | |||
| Income and endowments | |||||||
| Investment income |
4 | 103,421 | 103,421 | 91,615 | |||
| Total Income | 103,421 | 103,421 | 91,615 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 5 | 18,579 | 18,579 | 19,678 | ||
| Expenditure on charitable |
activities | 8,7 | 65,985 | 5,481 | 71,466 | 106,819 | |
| Total expenditure | 65,985 | 24,060 | 90,045 | 126,495 | |||
| Net (losses)/gains on investments |
9 | (263,795) | (263,795) | 114,215 | |||
| Net (expenditure)/income | and net | ||||||
| movement In funds |
37,436 | (287,855) | (250,419) | 79,335 | |||
| Reconciliation offunds |
|||||||
| Total funds brought forward | (53,902) | 4,100,067 | 4,046,165 | 3,966,830 | |||
| Total funds carried forward | (16,466) | 3,812,212 | 3,795,746 | 4,046,165 |
| Investment Income |
|||
|---|---|---|---|
| Total Funds | |||
| Income | Capital | 2023 | |
| E | E | E | |
| Income from listed investments | 102,406 | 102,408 | |
| Bank interest receivable | 1,015 | 1,015 | |
| 103,421 | 103,421 | ||
| Total Funds | |||
| Income | Capital | 2022 | |
| E | E | E | |
| Income from listed investments | 90,071 | 90,071 | |
| Bank interest receivable | 1,544 | 1,544 | |
| 90,071 | 1,544 | 91,615 |
| TotalFunds | Total | Funds | ||||
|---|---|---|---|---|---|---|
| Capital | 2023 | Capital | 2022 | |||
| F | E | E | E | |||
| Portfolio | management | 18,579 | 18,579 | 19,876 | 19,676 |
| Expenditure on charitable activities |
by fund type | ||
|---|---|---|---|
| Total Funds | |||
| Income | Capital | 2023 | |
| E | E | ||
| To fund Scholars | 58,030 | 58,030 | |
| Support costs | 7,955 | 5,481 | 13,436 |
| 65,985 | 5,481 | 71,466 | |
| Total Funds | |||
| Income | Capital | 2022 | |
| E | E | ||
| Tofund Scholars | 92,839 | 92,839 | |
| Support costs | 7,921 | 6,059 | 13,980 |
| 100,760 | 6,059 | 106,819 |
| Activities | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total Funds | ||||||||
| directly | costs | 2023 | 2022 | ||||||||
| 6 | 6 | 6 | 8 | ||||||||
| Funding of | Scholars | 58,030 | 2,474 | 60,504 | 94,701 | ||||||
| Governance | costs | 10,962 | 10,962 | 12,118 | |||||||
| 58,030 | 13,436 | 71,466 | 106,819 | ||||||||
| 8. | Analysis ofsupport costs | ||||||||||
| Analysis of | |||||||||||
| support costs | Total 2023 | Total 2022 | |||||||||
| 6 | 6 | ||||||||||
| Communications | and IT | 1,764 | 1,764 | 1,440 | |||||||
| Governance | costs | 10,962 | 10,962 | 12,118 | |||||||
| Other costs | 710 | 710 | 422 | ||||||||
| 13,436 | 13,438 | 13,980 | |||||||||
| 9. | Net (losses)/gains | on Investments | |||||||||
| TotalFunds | Total Funds | ||||||||||
| Capital | 2023 | Capital | 2022 | ||||||||
| 6 | 8 | 6 | 8 | ||||||||
| Gains/(losses) | on listed investments | (263,795) | (263,795) | 114,215 | 114,215 | ||||||
| 10. | Independent | examination | fees | ||||||||
| 2023 | 2022 | ||||||||||
| 8 | 6 | ||||||||||
| Fees payable | to the | independent | examiner for: | ||||||||
| Independent | examination | ofthe financial | statements | 1,170 | 1,170 |
| Investments | |
|---|---|
| Listed | |
| Investments | |
| E | |
| Cost orvaluation | |
| At6Apiil 2022 | 3,938,970 |
| Additions | 558,353 |
| Disposals | (448,455) |
| Fair value movements | (275,101) |
| At 5Apiil 2023 | 3,773,767 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 6 | April 2022 | Income | Expenditure | losses | 5April 2023 | ||
| E | E | F | E | E | |||
| Income | funds | (53,902) | 103,421 | (65,985) | (16,466) | ||
| At | Gains and | At | |||||
| 6 | April 2021 | Income | Expenditum | losses | 5April 2022 | ||
| E | E | E | E | ||||
| Income | funds | (43,213) | 90071 | (100760) | (53,902) | ||
| At | Gains and | At | |||||
| 6 | April 2022 | Income | Expenditure | losses | 5April 2023 | ||
| F | E | E | F | E | |||
| Capital | funds | 4,100,067 | (24,060) | (263,795) | 3,812,212 | ||
| At | Gains and | At | |||||
| 6 | April 2021 | Income | Expenditure | losses | 5April 2022 | ||
| E | F | E | E | E | |||
| Capital | funds | 4,010,043 | 1,544 | (25,735) | 114,215 | 4,100,067 |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Total Funds | ||||
| Capital | Income | 2023 f |
||
| Investments | 3,773,767 | 3,773,767 | ||
| Current assets | 42,065 | 42,065 | ||
| Creditors less than | 1 year | (3,620) | (16,466) | (20,086) |
| Net assets | 3,812,212 | (16,467) | 3,795,746 | |
| Total Funds | ||||
| Capital | Income | 2022 | ||
| 6 | ||||
| Investments | 3,938,970 | 3,938,970 | ||
| Current assets | 164,067 | 164,087 | ||
| Creditors less than | 1 year | (2,970) | (53,902) | (56,872) |
| Net assets | 4,100,087 | (53,902) | 4,046,165 |