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||||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||
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|||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|
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||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|
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||||2022|2021|
|---|---|---|---|---|
|Dividends|and Interest||18,525|17,427|
|RAISING|FUNDS||||
|Investment|management|costs|||
||||2022|2021|
|Portfolio manageinent|||2,754|2,745|
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||||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)||
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|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|
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|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|
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||||||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|
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||||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|
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||||
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|
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||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|
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||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%)||
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P&g¢ 17
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|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|
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|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|
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||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||||||