| at the dafe | o | fthis reporL'- | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RP Fisher - resigned | 3~ May 2023 | ||||||||||||
| A Hudson | |||||||||||||
| HN Newsum | |||||||||||||
| Miss IParlby M R Purser - resigned |
7"April 2022 | ||||||||||||
| CRossin | |||||||||||||
| Mrs D K Ryan | |||||||||||||
| Principal | Address. | 10Lombard Street, Newark, Nontnghamshire, | NG24 | 1XE. | |||||||||
| Independent | Examiner: | Adnan Heigh FCA, Chambers, 6/8 Castle |
Stephensou Gate, Newadt, |
NuueJJ & Co„Chartered Accountants, Nottinghamshire, NG24 1AX. |
eyssington | ||||||||
| Investment | Managetu | Btewin Dolphin. l.td., | 1"Floor; Waterf'ront | House, Waterfront | Plaza, 35Station | Stree, | |||||||
| Nottingham, NG2 3DQ. |
|||||||||||||
| Bankers. | National Westminster |
Bank pic., 1 Market | Place, Newark, | Nottiughamshire, | NG24 1DY. | ||||||||
| Specific Restrictions: | None. | ||||||||||||
| Investment | Powers: | By amhority ofthe Trust deed. |
| STAT NT OFFINANCIAL A for the Year Ende 5oA r' ?023 |
CTIVITIES | CLUDIN | G INCOME | ND EXPENDI | TURE ACCOU | |
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrestricted | Endowment | Funds | Funds | |||
| Funds | Funds | Year Ended | Year Ended | |||
| 5/4/23 | 5/4/23 | 5/4/23 | 5/4/22 | |||
| Notes | 5 | |||||
| INCOME Donations |
601 | 601 | 1,083 | |||
| Investment Income |
||||||
| Dividends - Equities Dividends - Absolute return funds |
17,451 5,518 |
313 | 17,451 5,831 |
14,755 5,277 |
||
| Interest —UK government bonds Interest - Corporate bonds Interest on cash deposits Rental income |
37 7,820 623 ~13 70 |
37 7,820 623 ~02 |
9,966 13 12204 |
|||
| TOTAL INCOME | 4~575 | 313 | 46 065 | ~43 298 | ||
| EXPENDITURE | ||||||
| Costs ofmismg funds Charitable activities Other costs |
4,565 36,660 4.703 |
7,748 | 12,313 36,660 4703 |
I4,058 26,350 ~41 |
||
| TOTAL EXPENDITURE | 45928 | 7 48 |
53676 | 4~4721 | ||
| NET INCOME/(EXPENDITURE) BEFORE GAINS/(Lt)SSES) ON INVESTMENTS |
(176) | (7,435) | (7,611) | (1,423) | ||
| GAINS/(LOSSES) ON INVESTMENT ASSETS Invesiments Gains/(Losses) -Rea'iised Investments Gains/(Losses) -Unrealised Investment Property Gains/(Losses) —Unrealised TOTAL GAINS/(LOSSES) ON INVESTMENT |
7 9 ASSETS |
(11,233) (77,127) (NN60) |
(11433) (77,127) ~60 |
8,384 4,573 20 000 32.957 |
||
| N'ET INCOME/(EXPENDITURE) | (176) | (95,795) | (95,971) | 31,534 | ||
| TRANSFERS BETWEEN FUNDS | 14 | ~60 | 60 000 | |||
| NET MOVEMENT IN FUNDS | (60,176) | (35,795) | (95,971.) | |||
| RECONCILIATION OFFUNDS Total funds brought forward |
~1222 8 | 1 468 067 | ~1365 | 1 558831 | ||
| TOTAL FUNDS CARRIED FORWARD |
| BALANCE SHEET 5~AM 2tU3 |
||||||
|---|---|---|---|---|---|---|
| Unrestricted | Eadowment | Total | Total | |||
| Fuuds | Funds | Funds | Funds | |||
| 5/4/23 | 5/4/23 | 5/4/23 | 5/4/22 | |||
| Notes | f. | 6 | ||||
| FIXED ASSETS Investments —Listed investments Investments —Cash deposits |
7 8 |
1,127,777 24,495 |
1,127,777 24,495 280 000 |
1,141,146 49,006 ~2000 |
||
| Investment property |
1,432,272 | 1,432,272 | 1,470,152 | |||
| CURRENT ASSETS Iyebtors Cash atbasic |
10 | 2398 65I552 67,450 |
2,398 65 052 67,450 |
1,401 42257 'i 127 176 |
||
| LIABILITIES Creditors: Amounts faIling due within |
one year | 11 | ~5328 | ~532 | ~6963 | |
| NET CURRENT ASSETS | 62 122 | ~21 | 120213 | |||
| TOTAL NET ASSETS | ||||||
| FUNDS OF THE CHARITY | 14 | |||||
| UNRESTRICTED FUNDS General Reserve |
62,122 | 62,122 | 122,298 | |||
| RESTRICTED FUNDS Expendable Endowment Funds |
~12 72 | ~42 | I 468 067 | |||
| TOTAL CHARITY FUNDS |
| ALLOCATION OF SUP | ALLOCATION OF SUP | PORT COSTS | |||
|---|---|---|---|---|---|
| The breakdown ofsttpport |
costs and how these were allocated ben veen | Charitable | Activities and Governance | isshown on | |
| the table below. | |||||
| Total | Charitable | Other | |||
| Admhdstration fees |
Allocated | Activities 6611(20%) |
Costs~(80%) | ||
| Support costs are allocated | on the basis ofabest estimate ofbme spent | in respect | of' the acfivity cost category. | ||
| COSTS OF RAISING FUNDS | |||||
| 5/4/23 | 5/4/22 | ||||
| Investment property |
costs | ||||
| Rates | 167 | ||||
| Insurance | 338 | 358 | |||
| Light and heat | 24 | ||||
| Repairs to property | 1,852 | 3,120 | |||
| Managing agents commission |
1,644 | 1,464 | |||
| Letting fees | 540 | ||||
| 4,565 | 5,602 | ||||
| Investment management fees |
7748 | ||||
| CHARITABLE ACTIVITIES | |||||
| 5/4/23 | 5/4/22 | ||||
| Grants to beneficiaries |
36,000 | 25,750 | |||
| Administration fees |
(note | 2) | 660 | 600 |
| OTHER CO | STS | |||
|---|---|---|---|---|
| 5/4@m | 5/4/22 | |||
| 6 | ||||
| Accountancy Independent |
examiner's | fee | 1,'212 816 |
I, 122 756 |
| Administration | fees (note 2) | 2,640 | 2,400 | |
| Sundry expenses | 35 | 35 |
| INVESTMENTS | - LISTED INVESTMENTS -continued | ||
|---|---|---|---|
| 5/4/23f | 5/4/22 | ||
| Absolute Return | Funds | ||
| 27,000 40,000 60,000 575 |
Artemis Global High Yield Bond Janus Henderson UK Absolute Renun Ninety One DiversIEed Incoine Muzinich Global Tactical Credit Fund Hedged |
23,871 44,480 54,948 54,165 |
25,183 42,960 57,822 57,270 |
| 6,000 | Persona'1 Assets Trust pic 12.5p ord | 28 470 205.934 |
~30 00 213535 |
| Equities | |||
| 100 230 250 30/60 10,000 20,000 2,500 150 315 |
Al'phabet lnc Capital Stock0$$0.001 ArnPhenot Corp US $0,001 Ashtead Group pic 10p ord Berkshire Hathaway Corn US$0.0033 Blackmck Continental Eurapean BNYMellon Fund Managers Newton Asian Income BPpic.US$0.25 ord Croda International pic 10.609p ord Fastenal Corn US$0.01 |
8,392 14,420 11,170 7,480 22,534 13,343 9,534 13,034 |
13,033 11,730 15,760 17,874 24,216 9,572 12,042 14230 |
| 500 500 5,000/6,750 7,000 1,000/1;250 1,250 24,000 1,750 475 140 |
Diagea pic 28 101/108p ord Experian US $0.JOard Fidelity US quality Income Pirst Sentier Global Listed In&asfructure GSKpic 31.25p ord Haleon pic ip ord HICL Infrastructure pic 0.0lp ord Hiscax Ltd 6.5p ord Inditex Euro 0.03 Intercontinental Exchange Cam US $0.01 |
18,345 13,405 33,531 14,872 4/58 37,344 12,810 11,945 |
19,898 14,785 46,187 16,780 2],298 17.234 7,924 13,918 |
| 2,600 10,000 18/00 350 5,000 22,500/25,000 5,000 200 |
ishare MSCI World Energy Sector JPMorgau Global Emerghg Markets i~come Trust pic lp ord Jupiter Japan Income Kone Oyj Carporation hlPV 'B* ord Legal dr General Group pic 2.5p ord MI Select North American Equity Mercandle Invesunent Trust pic 2.5p ord Novartis AG CHF 0.50 |
14,002 19,387 14,371 1 1,740 40,707 9,660 15,309 |
13,500 19,640 13,663 13,635 48,948 11,000 13,469 |
| 20,000 650 650 15,000 46,000/26, 075.8 100 90 25 12400 400/500 |
Picton Property Income Prudential pic 5p ord RELX pic 14 51/116p ard Schroder Asian Income Schroder Global Cities Real Estate Schwab (Charles) Corporation US$0.01 Texas Insnuments Cam US$1.00 Thermo Fisher Scientific Com US$1.00 TR Prapetty Invesnhent Trust pic 25p Ord Unilever pic 3 1/9p ord |
14,280 7,170 17,062 I1226 18,984 3,926 12,811 11,645 33,489 17 154 519340 |
7,368 15,892 12,045 14,446 12,145 11,125 57,035 ~682 558 054 |
| The historic cost | ot' listed investments on 5 April 2023was fi,143,116P022 -fI |
074 153). | |
| INVESTMENTS - CASH DEPOSITS | |||
| 5/4/23 | 5/4/22f | ||
| Brewin Dolphin | Capital account |
| COST OR VALUATION At 6e April 2022 |
COST OR VALUATION At 6e April 2022 |
280,000 | |
|---|---|---|---|
| Revaluations | |||
| At 5u April 2023 | |||
| NET BOOK VALUE | |||
| At 5a April 2023 | |||
| At 5n April 2022 | |||
| Cost or valuation | at 5u April 202'3 is represented | by: | K |
| 70,230 | |||
| Valuation | 209 770 | ||
| Cost |
| b. | DEBTORS: AMOUNTS FALLING ONEYEAR |
|||||
|---|---|---|---|---|---|---|
| DUE WITHIN | 5/4/23 | 5/4/22 | ||||
| 350 | ||||||
| Debtors Accrued income |
April | 1,788 ~0 |
1,1'86 215 |
|||
| Prepayments | ||||||
| 11. | CREDITORS: AMOUNTS FALLING | |||||
| DUE WITHIN ONE YEAR | 5/4/23 | 5/4/22 | ||||
| Accrued expenses | ||||||
| 12, | CAPITAL COMMITMENTS The Charity had nu capital comm itrnents |
at Sa | 202 i2022 -Nil). |