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|Reference and administrative
details ofthe charity, its trustees and advisers||||
|Trustees'
report|||2-3|
|Independent
examiner's
report|||4-5|
|Statement offinancial activities incorporating|income and expenditure|account||
|Balance sheet||||
|Cash flow statement||||
|Notes tothe financial statements|||9-14|
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|forthe year ended 3|0Sep|tember 20|22|||||
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||2022|2021|
||||||Note|R||
|Income from:||||||||
|Donations||||||2,880||
|Charitable
activities:||||||||
|Imray royalties||||||38,082|26,922|
|Bloomsbury
royalties||||||4,882|3,981|
|Investments||||||14,815|15,615|
|Direct sales and other|income|||||878|1 072|
|Total income||||||61537|47590|
|Expenditure
on:||||||||
|Raising funds:||||||||
|Investment
management||fees||||4,009|4,065|
|Charitable
activities:||||||||
|Project costs|||||2|31,950|14,601|
|Authors'
supplement|payment|||||1,400|2,100|
|Support and governance||costs|||3|31803|23863|
|Total expenditure||||||60 162|44629|
|Net (loss)/income
before||investment|gains|||(7,625)|2,961|
|Realised gains on disposal
Unrealised
(loss)/gains
on||ofinvestments
revaluation
ofinvestments||||1,497
~66740|43 537|
|Net movement offunds after investment||||gains||(61,868)|46,498|
|Reconciliation offunds:||||||||
|Total funds brought
forward
Total funds carried forward||||||~6012 4
554 726
~6~%~~4.||
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|||2022|2021|
|---|---|---|---|
|Net movement
offunds as reported|in the Statement|||
|ofFinancial Activities||(61,868)|46,498|
|Adjustments
for:||||
|Realised gains on investments||(1,497)||
|Unrealised
loss/(gains)
on investments||55,740|(43,537)|
|Decrease/(increase)
in debtors and prepayments|||960|
|Increase/(decrease)
in creditors||66|112|
|Net cash (used)/generated
in operating||||
|activities||(7,559)|4,033|
|Cashflows
from investing
activities:||||
|Investment
management
fees||4,103|3,961|
|Cash (used)/generated
during the period||3,456|7,994|
|Cash at 1 October 2021||34,598|26,604|
|Cash at 30September 2022||31,142|34,598|
|(Decrease)/increase
in cash during|the period|3,456|7,994|
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|Project costs||||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Norway||||||5,333||
|Baltic||||||4,000||
|Pacific Crossing|Guide|||||3,334||
|Atlantic France||||||2,701||
|Germany
& Denmark||||||2,701||
|Balearic Islands||||||2,667||
|Channel
Islands, Cherbourg|||Peninsula|8 North|Brittany|2,666||
|North Africa||||||2,666||
|Atlantic Spain 8 Portugal||||||2,334||
|South Biscay||||||2,000||
|Natural
Navigation||||||1,000||
|Atlantic Islands||||||417|6,334|
|Imray Explore|||||||5,000|
|Mediterranean|Spain||||||2,424|
|Southern
California||Channel|Islands||||500|
|Other||||||131|343|
|Total project costs||||||31,950|14,601|
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|Support and governance|costs|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2022|2021f|
|Salary costs||15,000|15,000|
|Pension costs||502|450|
|Travel and subsistence||3,645|675|
|ONce expenses||3,834|1,841|
|Marketing costs||2,667|1,938|
|ITcosts||605|2,369|
|Conference||3,960||
|Governance —independent|examiner fees|1,590|1,590|
|||31,803|23,863|
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|Staffcosts
Staff costs were as follows:|||||
|---|---|---|---|---|
||||2022f|2021
F|
|Salaries and pensions|||||
||||2022|2021|
|The number ofpersons employed|by the Foundation|during the year.|||
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|Fixed asset investments|||||||
|---|---|---|---|---|---|---|
|||||Listed|Cash||
|||||securities|deposits|Total|
||||||K||
|Market value|||||||
|At 1 October 2021||||549,313|25,000|574,313|
|Investment
management|fees paid|||(4,103)||(4,103)|
|Additions|||||10,000|10,000|
|Disposals||||(10,000)||(10,000)|
|Realised gains||||1,497||1,487|
|Unrealised
losses|||||||
|At 30September 2022|||||||
|The historical cost ofthe|investment|securities|was f447,586||||
|No transfers were made|during the|year.|||||
|Investments
at market|value comprise:||||||
||||UK|Overseas|2022||
|Listed investments|||203,930|277,037|480,967||
|Cash deposits|||35000||35000||
|Total market value|||||||
|||||Listed|Cash||
|Prior year||||securities|deposits|Total|
|||||||K|
|Market value|||||||
|At 1 October 2020||||509,737|25,000|534,737|
|Investment
management|fees paid|||(3,961)||(3,961)|
|Realised and unrealised|gains|||43537||43537|
|At 30September 2021|||||||
|The historical cost ofthe|investment|securities|was f456,089||||
|No transfers were made|during the|year.|||||
|Investments
at market|value comprise:||||||
||||UK|Overseas|2021||
|Listed investments|||202,696|346,617|548,313||
|Cash deposits|||25000||25000||
|Total market value|||||||
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|Creditors: Amounts
falling due within one year|||
|---|---|---|
||2022|2021f|
|Other taxation and social security|587|257|
|Other creditors|3,976|3,493|
|Accruals|3,464|2,739|
|Deferred income|686|2 158|
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|Stateme|nt o|ffunds —Cur|rent year|||||
|---|---|---|---|---|---|---|---|
||||Brought|Income|Expenditure|Net|Carried|
||||forward|||losses|forward|
|||||||K|K|
|Unrestricted||funds||||||
|General|funds||601,224|61,537|(69,162)|(54,243)|539,356|
||||601,224|61,537|69162|54,243|539,356|
|Summary|offunds|||||||
||||Brought|||Net|Gamed|
||||Forward
K|Income|Expenditure|losses|Forwardf|
|General funds||||||||
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|2021|2021|
|---|---|
|f.||
|Financial|assets measured|at amortised cost|
|---|---|---|
|Financial|liabilities measured|at amortised cost|
|Financial|assets measured|at amortised cost comprise prepayments.|