| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 2 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | 5 | to | 6 | |
| Notes to the Financial Statements | 7 | to | 12 | |
| Detailed Statement ofFinancial Activities | 13 |
| FORTHE | YEAR ENDED 31DECE | MBER 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations snd legacies |
|||||
| Charitable activities |
|||||
| Rents Received | |||||
| 115,184 | |||||
| General | 113,440 | ||||
| Investment income |
18,525 | 17,427 | |||
| Total | 133,708 | 130,866 | |||
| EXPENDITURE | ON | ||||
| Raising funds | 78,334 | 76,400 | |||
| Charitable activities |
|||||
| Rents Received | |||||
| 13,424 | |||||
| General | (12,229) | 8,256 | |||
| Total | 79,529 | 84,656 | |||
| Net gains/(losses) | on | investments | (76,987) | 69,214 | |
| NET INCOME/(EXPENDITURE) | (22,808) | 115,424 | |||
| Other recognised | gains/(tosses) | ||||
| Gains on revaluation | offixed assets | 1,098,448 | |||
| Net movement in |
funds | (22,808) | 1,213,872 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward |
6,279,228 | 5,065,356 | |||
| TOTAL FUNDS | CARRIED FORWARD | 6,256,420 | 6,279,228 |
| BALANCE SHEET 31DECEMBER 2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 5,630,170 | 5,601,336 | |
| Investments | 556,808 | 633,386 | |
| 6,186,978 | 6,234,722 | ||
| CURRENT ASSETS | |||
| Debtors | 3,840 | 3,840 | |
| Cash at bank | 67,966 | 43,029 | |
| 71,806 | 46,869 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(2,364) | (2,363) | |
| NET CURRENT ASSETS | 69,442 | 44,506 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 6,256,420 | 6,279,228 | |
| NET ASSETS | 6,256,420 | 6,279,228 | |
| FUNDS | 10 | ||
| Unrestricted funds |
6,256,420 | 6,279,228 | |
| TOTAL FUNDS | 6,256,420 | 6,279,228 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Dividends | and Interest | 18,525 | 17,427 | |
| RAISING | FUNDS | |||
| Investment | management | costs | ||
| 2022 | 2021 | |||
| Portfolio manageinent | 2,754 | 2,745 |
| Unrestricted | |||
|---|---|---|---|
| fundf | |||
| INCOME | AND ENDOWMENTS FROM | ||
| Donations | and legacies | ||
| Charitable | activities | ||
| General | 113,440 | ||
| Investment | income | 17,427 | |
| Total | 130,866 | ||
| EXPENDITURE | ON | ||
| Raising funds | 76,400 | ||
| Charitable | activities | ||
| General | 8,256 | ||
| Total | 84,656 | ||
| Net gains | on investments | 69,214 | |
| NET INCOME | 115,424 | ||
| Other recognised | gains/Iiosses) |
| COMPARATIVES F | ORTHE STATEMENT OF | FINAN | CIAL | ACTIVITIES | -continued | |
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| fundf | ||||||
| Gains on revaluation offixed assets | 1,098,448 | |||||
| Net movement in funds |
1,213,872 | |||||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward |
5,065,356 | |||||
| TOTAL FUNDS CARRIED FORWARD | 6,279,228 | |||||
| TANGIBLE FIXEDASSETS | ||||||
| Improvements | Fixtures | |||||
| Long | to | slid | ||||
| leasehold | property | fittings | Totals | |||
| f. | ||||||
| COSTOR VALUATION | ||||||
| At 1 January 2022 | 5,535,000 | 66,336 | 804 | 5,602,140 | ||
| Additions | 28,834 | 28,834 | ||||
| At 31December 2022 | 5,535,000 | aggf' | 95,170 | 804 | 5,630,974 | |
| DEPRECIATION | ||||||
| At 1 January 2022 and | 31December 2022 | 804 | 804 | |||
| NET BOOKVALUE | ||||||
| At 31December 2022 | 5,535,000 | 95,170 | 5,630,170 | |||
| At 31December 2021 | 5,535,000 | ..— | 66,336 | 5,601,336 | ||
| 'mllr | ||||||
| Cost or valuation at 31 |
December 2022 is represented | by: | ||||
| Improvements | Fixtures | |||||
| Long | to | and | ||||
| leasehold | property f. |
fittings | Totals f |
|||
| Valuation in 2022 |
28,834 | 28,834 | ||||
| Valuation in 2021 |
1,098,448 | tEgs | 1,098,448 | |||
| Valuation in 2015 |
2,557,118 | 2,557,118 | ||||
| Cost | 1,879,434 | 66,336 | 804 | 1,946,574 | ||
| 5,535,000 | 95,170 | 804 | 5,630,974 |
| 7, | FIXEDASSET | INVESTMENTS | |||
|---|---|---|---|---|---|
| Listed | |||||
| investments | |||||
| MARKET VALUE | |||||
| At 1 January 2022 | 633,386 | ||||
| Additions | 31,594 | ||||
| Disposals | (31,184) | ||||
| Revaluations | (76,988) | ||||
| At 31December | 2022 | 556,808 | |||
| NET BOOK VALUE | |||||
| At 31December | 2022 | 556,808 | |||
| At 31December | 2021 | 633,386 | |||
| Cost or valuation | at 31December 2022 is represented | by: | |||
| Listed | |||||
| investments | |||||
| Valuation in 2022 |
(76,578) | ||||
| Cost | 633,386 | ||||
| 556,808 | |||||
| 8. | DEBTORS:AMOUNTS FALLING DUE WITHIN | ONE.~ | |||
| 2022 | 2021 | ||||
| Rent Arrears | 2,940 | 2,940 | |||
| Prepayments | 900 | 900 | |||
| 3,840 | 3,840 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 'stair | 8 | |||||
| Accrued expenses | 2,364 | 2,363 | ||||
| 10. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1.1.22 | in funds | 31.12.22 | ||||
| I | ||||||
| Unrestricted | funds | |||||
| General fund | 6,279,228 | (22,808) | 6,256,420 | |||
| TOTAL FUNDS | 6,279,228 | (22,808) | 6,256,420 |
| Net move | ment | in funds, inc | lude | d in the above |
are as follows: | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| "' | ||||||||||
| Incoming | ' | Resources | Gains and | lvlovement | ||||||
| resources | ' | expended | losses | in funds | ||||||
| Unrestricted | funds | |||||||||
| General fund | 133,708 | (79,529) | (76,987) | (22,808) | ||||||
| TOTAL | FUNDS | 133,708 | (79,529) | (76,987) | (22,808) | |||||
| Comparatives | for movement | in funds | ||||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.1.21 | in funds | 31.12.21 | ||||||||
| 8 | ||||||||||
| Unrestricted | funds | |||||||||
| General | fund | 5,065,356 | 1,213,872 | 6,279,228 | ||||||
| TOTAL | FUNDS | 5,065,356 | 1,213,872 | 6,279,228 | ||||||
| Comparative | net movement | in | funds, included | in the above are | as | follows: | ||||
| Incoming | Resources | Gains and | Movement | |||||||
| resources. | . | expended | losses | in funds | ||||||
| 8 | ||||||||||
| Unrestricted | funds | |||||||||
| General | fund | 130,866 | (84,656) | 1,167,662 | 1,213,872 | |||||
| TOTAL FUNDS | 130,866 | (84,656) | 1,167,662 | 1,213,872 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| 6 | ||||
| Unrestricted | funds | |||
| General fund | 5,065,356 | 1,191,064 | 6,256,420 | |
| TOTAL FUNDS | 5,065,356 | 1,191,064 | 6,256,420 |
| Incoming | - | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|---|
| resourcesststr | expended | losses | in funds | ||||
| 6 | |||||||
| Unrestricted | funds | ||||||
| General | fund | 264,574 | (164,185) | 1,090,675 | 1,191,064 | ||
| TOTAL | FUNDS | 264,574 | (164,185) | 1,090,675 | 1,191,064 |
FORTHE YEARENDED 31DEC |
EMBER 2022 |
||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Grants | |||||
| Investment income |
|||||
| Dividends and Interest |
18,525 | 17,427 | |||
| Charitable activities |
|||||
| Rents Received | 115,184 | 113,440 | |||
| Total incoming resources | 133,708 | 130,866 | |||
| EXPENDITURE | |||||
| Raising donations and |
legacies | ||||
| Direct Housing Costs | 75,580 | 73,655 | |||
| Investment management |
costs | ||||
| Portfolio management | 2,754 | 2,745 | |||
| Charitable activities |
|||||
| Secretarial Costs | 533 | 2,892 | |||
| Sundries | 35 | 15 | |||
| Donations | 4,749 | ||||
| Legal costs | 27 | ||||
| 595 | 7,656 | ||||
| Support costs | |||||
| Governance costs |
|||||
| Auditors Remuneration |
600 | 600 | |||
| Total resources expended | 79,529 | 84,656 | |||
| Net income before gains | and losses | 54,179 | 46,210 | ||
| Realised recognised gains | and losses | ||||
| Realised (losses)/gains | on | fixed asset investments | 88 | 489 | |
| Unrealised (losses/gains |
on | fixed asset | |||
| investments | (77,075) | 68,725 | |||
| Net (expenditure)/income | (22,808) | 115,424 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | ||||
| INCOME | ||||
| Investment Income (net) |
18,331 | 17,302 | ||
| Other Investment Income |
194 | 125 | ||
| 18,525 | 17,427 | |||
| EXPENDITURE | ||||
| Donation | 5,000 | |||
| Donation Refunded | (251)' '-i | |||
| Audit Fee | 600 | 600 | ||
| Brokers Fees | 2,754 | 2,745 | ||
| Secretary's salary and expenses |
- 532 | 2,892 | ||
| Legal and Professional | 27 | |||
| Sundry Expenses | 35 | 15 | ||
| 3 948 | 11001 | |||
| GENERAL SURPLUS for the year | (787%) | 14577 | (36.8%) | 6,426 |
| Property Revenue Accounts: |
||||
| Mitre Court Surplus | 14,351 | 20,108 | ||
| Maplethorpe Court Surplus |
14,530 | 11,502 | ||
| Fusion Surplus | 10722 | 8 174 | ||
| Total Surplus for the year | f54 180 | f46 210 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| INCOME | |||||
| Rents Receivable | 44,143 | 44,503 | |||
| EXPENDITURE | |||||
| Management: | |||||
| Agents' Fees and Commission | (2,650) | (2,670) | |||
| Administration:- | |||||
| Secretary's Salary and Expenses | 5,330 | 3,157 | |||
| Audit Fee | 600 | 600 | |||
| Membership Fee |
299 | 293 | |||
| Legal Fees | 989 | ||||
| (7,218) | (4,050) | ||||
| Service Charge | (13,800) | (13,300) | |||
| General Maintenance | ~6124 | ~4375 | |||
| GENERAL SURPLUS for the year | (33%) | ~14 | 1 | (45%) |
P&g¢ 17
| Capital | Capital | Capital | Market | Net | ||
|---|---|---|---|---|---|---|
| Investments | Cost | Value | Income | |||
| 31.12.22 | ||||||
| ASML Holdings NV Euro |
10,341 | 13,378 | 141 | |||
| 30shares | ||||||
| AstraZeneca order |
9,341 | 13,462 | 266 | |||
| 120shares | ||||||
| BBHealthcare Trust | ||||||
| 9000Redeemable Ord USD0.001Acquired |
13,192 | 13,788 | 563 | |||
| 02.12.19 | ||||||
| BHP Billiton PLC | ||||||
| 980Ord USD 0.50 | 14,26/ws~ | 25,186 | 2,586 | |||
| CG Portfolio Fund | ||||||
| 60shares | 12,679 | 12,018 | 206 | |||
| Cooper CosInc.corn | ||||||
| 40 Shares Acquired 26.11.21 | 11,852 | 10,934 | ||||
| Croda International | ||||||
| 270 Ord 60.10609Acquired | 12.08.19 | 13,031.— | 17,831 | 279 | ||
| Diageo PLC | ||||||
| 700 Ord 28 101/108p shares | 3,898 | 25,550 | 533 | |||
| Digital 9Infrastructure | PLC | |||||
| 12000Shares Acquired | on 25.11.21 | 13,177 | 10,368 | 720 | ||
| Experian PLC | ||||||
| 500Ord USD 0.10Acquired | 02.12.19 | 12,926 | 14,065 | 207 | ||
| First Sentier Investors | ||||||
| 2100shares | 12,408 | 12,886 | ||||
| Genus PLC | ||||||
| 550 OrdI0.10 | 13,138 | 16,412 | 176 | |||
| Givaudan | ||||||
| 3 shares | 9,256 | 7,597 | 106 | |||
| GlaxoSmithKline PLC |
||||||
| 1,360Ord 25p share | 22,482 | 19,551 | 1,173 | |||
| Halma order | ||||||
| 400 shares | 9,437 | 7,896 | 76 | |||
| Howden Joinery Group | ||||||
| 1500Ord Share Acquired | 11.11.21 | 11,745 | 8,424 | 299 |
| Capital | Capital | Cost | Market | Net | ||
|---|---|---|---|---|---|---|
| Investments | Value | Incoine | ||||
| 31.12.22 | ||||||
| Henderson Investment |
Funds Ltd | |||||
| 18,500 | 25,058 | 21,294 | 747 | |||
| Intertek Group 220 Ord f0.01Acquired |
18.04.19 | 11,786 | 8,875 | 233 | ||
| Invesco Fund Manager | ||||||
| 10,350 IP Monthly lnc. | 10,804 | 9,757 | 538 | |||
| Johnson &Johnson | iHshl | |||||
| 170COM STKUSD1 | 6,998 | 24,824 | 522 | |||
| JPMorgan American | Investment | Trust | ||||
| 3100shares | 14,925 | 21,235 | 217 | |||
| Legal &General | ||||||
| 2900Ord GBP0.025 | 9,245 | 9,731 | 730 | |||
| Lloyds Bank | ||||||
| 24,500Ord GBP0.10 | 18,496 | 11,125 | 522 | |||
| Maitland International |
Services Limited | |||||
| 8500 Ord shares acquired 25.11.21 | 12,833 | 11,067 | 98 | |||
| Melrose Industries | ||||||
| 7000 Ord shares acquired 11.11.21 | 12,049 | 9,415 | 128 | |||
| Microsoft Corp 110US$0.001 Acquired |
21.11.19 | 12,909~ | 21,806 | 193 | ||
| MI Twentyfour | ||||||
| 150Gross Bond Acquired | 29.11.19 | 16,648 | 13,968 | 724 | ||
| Murray International | Trust | |||||
| 2,690Ord 25p Shares | 11,210 | 31,096 | 323 | |||
| (11,210) | (31,096) | |||||
| Prudential 650 Ord $0.05 Acquired |
18.04.19 | 11,652~ | 7,329 | 94 | ||
| RELXPLC | ||||||
| 700 Ord $0.1444Acquired | 18,04.19 | 12,011 | 16,016 | 358 | ||
| Rathbone Unit Trust |
||||||
| 13,000Acquired 02.12.19 | 13,311 | 10,664 | 460 | |||
| Rio Tinto | ||||||
| 360Ord 10p Shares | 9,498 | 20,873 | 962 |
| Capital | Cost veer | Market | Net | ||
|---|---|---|---|---|---|
| Investments | g | Value 31.12.22 |
Income f |
||
| SVSChurch House Investment | management | 11,021 | 10,227 | 277 | |
| 9,478 | |||||
| Smiths DS | 15,826 | 11,455 | 534 | ||
| 2,800 Ord f0.10 | |||||
| Syncona Limited | Ord NVP | 15,080 | 12,218 | ||
| 6750 shares | |||||
| Unilever Pic | |||||
| 455 Ord 1,4p Shares | 4,666 | 19,028 | 497 | ||
| Visa Inc STKClass A shares | |||||
| 100shares | 15,549- | 17,174 | 108 | ||
| Wte | |||||
| The Renewables | Infrastructure | GRP | |||
| 11000shares | 15,635 | 14,300 | 564 | ||
| MgiG Securities 5500 shares |
Ltd Global Dividend | 15,958 | 15,901 | 293 | |
| Woodside Energy Group Limited 177shares |
3,522 | 166 | |||
| Haleon PLC | |||||
| 1700shares | 5,565 | ||||
| Total Investments |