##
|||Page|
|---|---|---|
|Legal and administrative
information|||
|Trustees'
report||2 —4|
|Independent
auditors'|report|5-6|
|Statement offinancial|activities||
|Balance sheet|||
|Cash flow statement|||
|Notes to cash flow statement||10|
|Notes tothe financial|statements|ll - 16|
##
##
|Charity registration|number|1118913|
|---|---|---|
|Trustees||Sir Martin Sorrell (Chairman)|
|||Cristiana Falcone, Lady Sorrell (CEO)|
|||M.R.A.Sonell|
|||R.A. Sorrell|
|||J.E.H. Sorrell|
|Principal office||19Wilton Row,|
|||London,|
|||SWIX7NS|
|Auditors||Purcells,|
|||Statutory
Auditors,|
|||Chartered
Accountants,|
|||4Quex Road,|
|||London,|
|||NW6 4PJ|
|Bankers||HSBC Private Bank (UK) Limited,|
|||78 St. James's Street,|
|||London,|
|||SWIA IJB|
|||UBSWealth Management|
|||5Broadgate|
|||London|
|||EC2M 2QS|
|||Citbank|
|||153East 53"Street|
|||Floor 24|
|||New York|
|||NY 10022|
|Solicitors||Wrigleys LLP,|
|||19Cookridge Street,|
|||Leeds,|
|||LS23AG|
|||UK|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Endowment|Endowment|2023|2022|
|---|---|---|---|---|---|---|
|||Fund|Fund||Total|Total|
||Note|E|||||
|Incoming resources|||||||
|Incoming resources from|||||||
|generated
funds:|||||||
|Voluntary
income|||||||
|Investment
income|3|I 919677|||1919677|1451870|
|Total incoming
resources||1,919,677|||1,919,677|1,451,878|
|Resources expended|||||||
|Charitable
activity:|||||||
|Grants payable|4|7,555|||7,555||
|Governance
costs|4|~4636|||~4636|~3I90|
|Total resources expended||2,919|||2,919|(3,190)|
|Net incoming/(outgoing)resources|||||||
|before other recognised|gains and losses|1,922,596|||1,922,596|1,448,688|
|Other recognised
gains and losses|||||||
|Unrealised
gain/(loss)|on revaluation||||||
|oflisted investments|||~38IILtm||i33n7 8n93||
|Net movement
in funds||1,922,596|(3,887,894)||(1,965,298)|4,953,287|
|Funds brought
forward||~I70818|~54|49041|~56358 30|51404743|
|Funds carried forward||3,630,785|50,761,947||54,392,732|56,358,030|
##
##
||||Note|Unrestricted
~96
f|Endowment
~d|2023
Ttt
f||2022
Ttt|
|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||||
|Investments|||5|64,439|50,761,947|50,826,386|54,714,280||
|CURRENT ASSETS|||||||||
|Sundry debtors
Cash at bank||||3,633,086||3,633,086||1,706,590|
|||||3,633,086||3,633,086||1,706,590|
|CREDITORS: amounts||falling due|||||||
|Within||one year|6|( 46,740)||( 46,740)|(|42,840)|
|Net current assets/(liabilities)||||3,586,346||3,586,346||1,663,750|
|Total assets less current liabilities||||3,650,785|50,761,947|54,412,732|56,378,030||
|CREDITORS: amounts||falling due|||||||
|after more|than one year||7|( 20,000)||( 20,000)||( 20,000)|
|Net assets/(liabilities)||||3,630,785|50,761,947|54,392,732|56,358,030||
|FUNDS|||||||||
|General
unrestricted|income fund|||3,630,785||3,630,785||1,708,189|
|Expendable
endowment||fund|||56 767 947|59 767 947|54 649 94t||
|||||3,630,785|50,761947|54,392,732|56,358,030||
##
##
||||||2023|2022||
|---|---|---|---|---|---|---|---|
||||||Total|Total||
|||||Notes||||
|Cash flow from operating|activities:|||A||||
|Cash generated
from operations|||||6,819|(|7,630)|
|Net cash provided
by (used|in) operating||||6,819|(|7,630)|
|activities||||||||
|Cash flows from investing|activities:|||||||
|Interest received|||||74,286||755|
|Dividends
received|||||1,845,391|1,451,123||
|Net cash provided
by (used|in) investing||||1,919,677|1,451,878||
|activities||||||||
|Change
in cash and cash equivalent||in the|||1,926,496|1,444,248||
|reporting
period||||||||
|Cash and cash equivalents|at the beginning||of||1,706,590|262,342||
|the reportiag
period||||||||
|Cash and cash equivalents|at the end|ofthe||||||
|reporting
period|||||3,633,086|1,706,590||
##
##
|||||2023|2023|2022|
|---|---|---|---|---|---|---|
|||||Total||Totalf|
|Net income for the|reporting period||||||
|(as per the statement|offmancial activities)||||(1,965,298)|4,953,287|
|Adjustments
for:|||||||
|Interest received
Dividends
from investments
Unrealised
(gain)/ loss on revaluation||oflisted investments||(
(|74,286)
1,845,391)
3,887,894|(
755)
(1,451,123)
(3,504,599)|
|Decrease in debtors|||||||
|Decrease in creditors|||||3,900|(4,440)|
|Net cash provided|by (used in) operating||activities||6,819|(7,630)|
##
##
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|2.|VOLUNTARY INCOME||||||
||Donation||||||
||Gift in kind||||||
|3.|INVESTMENT INCOME||||||
||Dividends
receivable
Interest receivable||||1,845,391
74 286|1,451,123
~75|
||||||1,919,677|1,451,878|
|4.|RESOURCES EXPENDED||||||
||||Grants to
ttttt|9|2023
TtI|2022
TII
f|
||Costs directly allocated||||||
||to activities||||||
||Charitable
distributions|(note 4.1)|||||
||Audit and accountancy|||3,900|3,900|4,200|
||Management
fees||||||
||Bank charges|||12|12|12|
||General expenses
Exchange (gains)/losses||7555|724|724|~1022|
||||(7.555)|4,636|(2,919)|3,190|
##
||||||||FIXEDASSET INVESTMENTS|FIXEDASSET INVESTMENTS|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||UK listed investments||||||||
||Market value at beginning of|||year|||54,649,841|51,145,242|
||Market value ofdonated||investments||||||
||Gain/ (Loss) on revaluation||||||~3887 &94|~504599|
||Market value at end of|year|||||50,761,947|54,649,841|
||Programme
related investment||||||||
||Equity interest||||||44439|6 439|
||||||||50,826386|54,714,280|
|All the UK listed investments||are held in WPP pic.|||||||
|The|programme
related investment|||represents|the charity's|minority|interest in the common stock ofa||
|New|York benefit corporation,||MpowerD Inc.||||||
||||||||2023|2022|
||||||||6||
|6.|CREDITORS: amounts||falling due||||||
||within one||year||||||
||Grants payable||||||30,000|30,000|
||Other creditors
Accruals||||||12,840
3900|8,640
~400|
||||||||46,740|42,840|
|7.|CREDITORS: amounts||falling due||||||
||after more||than one year||||||
||Grants payable||||||20,000|20,000|
##
##
|MOVEMENT IN FUNDS||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 6.4.22|in funds|5.4.23|
|Unrestricted
Fund|1,708,1$9|1,922,596|3,630,785|
|Endowment
Fund|54,649,841|(3,887,$94)|50,761,947|
|TOTAL FUNDS|56.358,030|(1~965,298)|54,392,732|
|Net movement
in funds, included|in the above are as follows:|||
|Net moveme|nt
in funds, inclu|ded
in the above are as f|ollows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains|Move|
|||resources|expended|losses|in funds|
||||||6|
|Unrestricted|Fund|1,919,677|2,919||1,922,596|
|Endowment|Fund|||(3,$87,894)|(3,887,894)|
|TOTAL FUNDS||1,9~19677|2,919|(3,$87,894)|(1,965,298)|
##
##
|Comparativ|es
for moveme|nt
in|funds||||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|At|
|||||||At 6.4.21|in funds|5.4.22|
|||||||f|f.||
|Unrestricted|Fund|||||259,501|1,448,688|1,708,189|
|Endowment|Fund||||51,145,242||3,504,599|54,649,841|
|TOTAL FUNDS|||||51~404743||4,953,287|56,N8,030|
|Net movement
in funds, included|||in the above are as||follows;||||
||||Incoming|||Resources|Gains/|Move|
||||resources
f,|||expended
f,|losses
f|in funds
f,|
|Unrestricted|Fund||1,451,878|||(3,190)||1,448,688|
|Endowment|Fund||||||3,504,599|3,504,599|
|TOTAL FUNDS|||1,4~51 878|||~3,190)|3,5~04599|4,953,287|
|A current|year 12 months|and|prior year|12 months||combined|position
is|as|
|follows:|||||||||
||||||||Net||
||||||||movement|At|
|||||||At 6.4.21|in funds|5.4.23|
|||||||f|f|f|
|Unrestricted|Fund|||||259,501|3,371,284|3,630,785|
|Endowment|Fund||||51,145,242||(383,295)|50,761,947|
|TOTAL FUNDS|||||5|1~404743|2,987,989|54,392,732|
##
|||Incoming|Resources|Gains|Move|
|---|---|---|---|---|---|
|||resources
f|expended|losses|in funds|
|Unrestricted|Fund|3,371,555|(271)||3,371,284|
|Endowment|Fund|||(383,295)|(383,295)|
|TOTAL FUNDS||3,371,555|~271)|(3~83,295|2,9~87989|
##
##
|||Page|
|---|---|---|
|Legal and administrative
information|||
|Trustees'
report||2 —4|
|Independent
auditors'|report|5-6|
|Statement offinancial|activities||
|Balance sheet|||
|Cash flow statement|||
|Notes to cash flow statement||10|
|Notes tothe financial|statements|ll - 16|
##
##
|Charity registration|number|1118913|
|---|---|---|
|Trustees||Sir Martin Sorrell (Chairman)|
|||Cristiana Falcone, Lady Sorrell (CEO)|
|||M.R.A.Sonell|
|||R.A. Sorrell|
|||J.E.H. Sorrell|
|Principal office||19Wilton Row,|
|||London,|
|||SWIX7NS|
|Auditors||Purcells,|
|||Statutory
Auditors,|
|||Chartered
Accountants,|
|||4Quex Road,|
|||London,|
|||NW6 4PJ|
|Bankers||HSBC Private Bank (UK) Limited,|
|||78 St. James's Street,|
|||London,|
|||SWIA IJB|
|||UBSWealth Management|
|||5Broadgate|
|||London|
|||EC2M 2QS|
|||Citbank|
|||153East 53"Street|
|||Floor 24|
|||New York|
|||NY 10022|
|Solicitors||Wrigleys LLP,|
|||19Cookridge Street,|
|||Leeds,|
|||LS23AG|
|||UK|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Endowment|Endowment|2023|2022|
|---|---|---|---|---|---|---|
|||Fund|Fund||Total|Total|
||Note|E|||||
|Incoming resources|||||||
|Incoming resources from|||||||
|generated
funds:|||||||
|Voluntary
income|||||||
|Investment
income|3|I 919677|||1919677|1451870|
|Total incoming
resources||1,919,677|||1,919,677|1,451,878|
|Resources expended|||||||
|Charitable
activity:|||||||
|Grants payable|4|7,555|||7,555||
|Governance
costs|4|~4636|||~4636|~3I90|
|Total resources expended||2,919|||2,919|(3,190)|
|Net incoming/(outgoing)resources|||||||
|before other recognised|gains and losses|1,922,596|||1,922,596|1,448,688|
|Other recognised
gains and losses|||||||
|Unrealised
gain/(loss)|on revaluation||||||
|oflisted investments|||~38IILtm||i33n7 8n93||
|Net movement
in funds||1,922,596|(3,887,894)||(1,965,298)|4,953,287|
|Funds brought
forward||~I70818|~54|49041|~56358 30|51404743|
|Funds carried forward||3,630,785|50,761,947||54,392,732|56,358,030|
##
##
||||Note|Unrestricted
~96
f|Endowment
~d|2023
Ttt
f||2022
Ttt|
|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||||
|Investments|||5|64,439|50,761,947|50,826,386|54,714,280||
|CURRENT ASSETS|||||||||
|Sundry debtors
Cash at bank||||3,633,086||3,633,086||1,706,590|
|||||3,633,086||3,633,086||1,706,590|
|CREDITORS: amounts||falling due|||||||
|Within||one year|6|( 46,740)||( 46,740)|(|42,840)|
|Net current assets/(liabilities)||||3,586,346||3,586,346||1,663,750|
|Total assets less current liabilities||||3,650,785|50,761,947|54,412,732|56,378,030||
|CREDITORS: amounts||falling due|||||||
|after more|than one year||7|( 20,000)||( 20,000)||( 20,000)|
|Net assets/(liabilities)||||3,630,785|50,761,947|54,392,732|56,358,030||
|FUNDS|||||||||
|General
unrestricted|income fund|||3,630,785||3,630,785||1,708,189|
|Expendable
endowment||fund|||56 767 947|59 767 947|54 649 94t||
|||||3,630,785|50,761947|54,392,732|56,358,030||
##
##
||||||2023|2022||
|---|---|---|---|---|---|---|---|
||||||Total|Total||
|||||Notes||||
|Cash flow from operating|activities:|||A||||
|Cash generated
from operations|||||6,819|(|7,630)|
|Net cash provided
by (used|in) operating||||6,819|(|7,630)|
|activities||||||||
|Cash flows from investing|activities:|||||||
|Interest received|||||74,286||755|
|Dividends
received|||||1,845,391|1,451,123||
|Net cash provided
by (used|in) investing||||1,919,677|1,451,878||
|activities||||||||
|Change
in cash and cash equivalent||in the|||1,926,496|1,444,248||
|reporting
period||||||||
|Cash and cash equivalents|at the beginning||of||1,706,590|262,342||
|the reportiag
period||||||||
|Cash and cash equivalents|at the end|ofthe||||||
|reporting
period|||||3,633,086|1,706,590||
##
##
|||||2023|2023|2022|
|---|---|---|---|---|---|---|
|||||Total||Totalf|
|Net income for the|reporting period||||||
|(as per the statement|offmancial activities)||||(1,965,298)|4,953,287|
|Adjustments
for:|||||||
|Interest received
Dividends
from investments
Unrealised
(gain)/ loss on revaluation||oflisted investments||(
(|74,286)
1,845,391)
3,887,894|(
755)
(1,451,123)
(3,504,599)|
|Decrease in debtors|||||||
|Decrease in creditors|||||3,900|(4,440)|
|Net cash provided|by (used in) operating||activities||6,819|(7,630)|
##
##
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|2.|VOLUNTARY INCOME||||||
||Donation||||||
||Gift in kind||||||
|3.|INVESTMENT INCOME||||||
||Dividends
receivable
Interest receivable||||1,845,391
74 286|1,451,123
~75|
||||||1,919,677|1,451,878|
|4.|RESOURCES EXPENDED||||||
||||Grants to
ttttt|9|2023
TtI|2022
TII
f|
||Costs directly allocated||||||
||to activities||||||
||Charitable
distributions|(note 4.1)|||||
||Audit and accountancy|||3,900|3,900|4,200|
||Management
fees||||||
||Bank charges|||12|12|12|
||General expenses
Exchange (gains)/losses||7555|724|724|~1022|
||||(7.555)|4,636|(2,919)|3,190|
##
||||||||FIXEDASSET INVESTMENTS|FIXEDASSET INVESTMENTS|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||UK listed investments||||||||
||Market value at beginning of|||year|||54,649,841|51,145,242|
||Market value ofdonated||investments||||||
||Gain/ (Loss) on revaluation||||||~3887 &94|~504599|
||Market value at end of|year|||||50,761,947|54,649,841|
||Programme
related investment||||||||
||Equity interest||||||44439|6 439|
||||||||50,826386|54,714,280|
|All the UK listed investments||are held in WPP pic.|||||||
|The|programme
related investment|||represents|the charity's|minority|interest in the common stock ofa||
|New|York benefit corporation,||MpowerD Inc.||||||
||||||||2023|2022|
||||||||6||
|6.|CREDITORS: amounts||falling due||||||
||within one||year||||||
||Grants payable||||||30,000|30,000|
||Other creditors
Accruals||||||12,840
3900|8,640
~400|
||||||||46,740|42,840|
|7.|CREDITORS: amounts||falling due||||||
||after more||than one year||||||
||Grants payable||||||20,000|20,000|
##
##
|MOVEMENT IN FUNDS||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 6.4.22|in funds|5.4.23|
|Unrestricted
Fund|1,708,1$9|1,922,596|3,630,785|
|Endowment
Fund|54,649,841|(3,887,$94)|50,761,947|
|TOTAL FUNDS|56.358,030|(1~965,298)|54,392,732|
|Net movement
in funds, included|in the above are as follows:|||
|Net moveme|nt
in funds, inclu|ded
in the above are as f|ollows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains|Move|
|||resources|expended|losses|in funds|
||||||6|
|Unrestricted|Fund|1,919,677|2,919||1,922,596|
|Endowment|Fund|||(3,$87,894)|(3,887,894)|
|TOTAL FUNDS||1,9~19677|2,919|(3,$87,894)|(1,965,298)|
##
##
|Comparativ|es
for moveme|nt
in|funds||||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|At|
|||||||At 6.4.21|in funds|5.4.22|
|||||||f|f.||
|Unrestricted|Fund|||||259,501|1,448,688|1,708,189|
|Endowment|Fund||||51,145,242||3,504,599|54,649,841|
|TOTAL FUNDS|||||51~404743||4,953,287|56,N8,030|
|Net movement
in funds, included|||in the above are as||follows;||||
||||Incoming|||Resources|Gains/|Move|
||||resources
f,|||expended
f,|losses
f|in funds
f,|
|Unrestricted|Fund||1,451,878|||(3,190)||1,448,688|
|Endowment|Fund||||||3,504,599|3,504,599|
|TOTAL FUNDS|||1,4~51 878|||~3,190)|3,5~04599|4,953,287|
|A current|year 12 months|and|prior year|12 months||combined|position
is|as|
|follows:|||||||||
||||||||Net||
||||||||movement|At|
|||||||At 6.4.21|in funds|5.4.23|
|||||||f|f|f|
|Unrestricted|Fund|||||259,501|3,371,284|3,630,785|
|Endowment|Fund||||51,145,242||(383,295)|50,761,947|
|TOTAL FUNDS|||||5|1~404743|2,987,989|54,392,732|
##
|||Incoming|Resources|Gains|Move|
|---|---|---|---|---|---|
|||resources
f|expended|losses|in funds|
|Unrestricted|Fund|3,371,555|(271)||3,371,284|
|Endowment|Fund|||(383,295)|(383,295)|
|TOTAL FUNDS||3,371,555|~271)|(3~83,295|2,9~87989|
##
##
|||Page|
|---|---|---|
|Legal and administrative
information|||
|Trustees'
report||2 —4|
|Independent
auditors'|report|5-6|
|Statement offinancial|activities||
|Balance sheet|||
|Cash flow statement|||
|Notes to cash flow statement||10|
|Notes tothe financial|statements|ll - 16|
##
##
|Charity registration|number|1118913|
|---|---|---|
|Trustees||Sir Martin Sorrell (Chairman)|
|||Cristiana Falcone, Lady Sorrell (CEO)|
|||M.R.A.Sonell|
|||R.A. Sorrell|
|||J.E.H. Sorrell|
|Principal office||19Wilton Row,|
|||London,|
|||SWIX7NS|
|Auditors||Purcells,|
|||Statutory
Auditors,|
|||Chartered
Accountants,|
|||4Quex Road,|
|||London,|
|||NW6 4PJ|
|Bankers||HSBC Private Bank (UK) Limited,|
|||78 St. James's Street,|
|||London,|
|||SWIA IJB|
|||UBSWealth Management|
|||5Broadgate|
|||London|
|||EC2M 2QS|
|||Citbank|
|||153East 53"Street|
|||Floor 24|
|||New York|
|||NY 10022|
|Solicitors||Wrigleys LLP,|
|||19Cookridge Street,|
|||Leeds,|
|||LS23AG|
|||UK|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Endowment|Endowment|2023|2022|
|---|---|---|---|---|---|---|
|||Fund|Fund||Total|Total|
||Note|E|||||
|Incoming resources|||||||
|Incoming resources from|||||||
|generated
funds:|||||||
|Voluntary
income|||||||
|Investment
income|3|I 919677|||1919677|1451870|
|Total incoming
resources||1,919,677|||1,919,677|1,451,878|
|Resources expended|||||||
|Charitable
activity:|||||||
|Grants payable|4|7,555|||7,555||
|Governance
costs|4|~4636|||~4636|~3I90|
|Total resources expended||2,919|||2,919|(3,190)|
|Net incoming/(outgoing)resources|||||||
|before other recognised|gains and losses|1,922,596|||1,922,596|1,448,688|
|Other recognised
gains and losses|||||||
|Unrealised
gain/(loss)|on revaluation||||||
|oflisted investments|||~38IILtm||i33n7 8n93||
|Net movement
in funds||1,922,596|(3,887,894)||(1,965,298)|4,953,287|
|Funds brought
forward||~I70818|~54|49041|~56358 30|51404743|
|Funds carried forward||3,630,785|50,761,947||54,392,732|56,358,030|
##
##
||||Note|Unrestricted
~96
f|Endowment
~d|2023
Ttt
f||2022
Ttt|
|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||||
|Investments|||5|64,439|50,761,947|50,826,386|54,714,280||
|CURRENT ASSETS|||||||||
|Sundry debtors
Cash at bank||||3,633,086||3,633,086||1,706,590|
|||||3,633,086||3,633,086||1,706,590|
|CREDITORS: amounts||falling due|||||||
|Within||one year|6|( 46,740)||( 46,740)|(|42,840)|
|Net current assets/(liabilities)||||3,586,346||3,586,346||1,663,750|
|Total assets less current liabilities||||3,650,785|50,761,947|54,412,732|56,378,030||
|CREDITORS: amounts||falling due|||||||
|after more|than one year||7|( 20,000)||( 20,000)||( 20,000)|
|Net assets/(liabilities)||||3,630,785|50,761,947|54,392,732|56,358,030||
|FUNDS|||||||||
|General
unrestricted|income fund|||3,630,785||3,630,785||1,708,189|
|Expendable
endowment||fund|||56 767 947|59 767 947|54 649 94t||
|||||3,630,785|50,761947|54,392,732|56,358,030||
##
##
||||||2023|2022||
|---|---|---|---|---|---|---|---|
||||||Total|Total||
|||||Notes||||
|Cash flow from operating|activities:|||A||||
|Cash generated
from operations|||||6,819|(|7,630)|
|Net cash provided
by (used|in) operating||||6,819|(|7,630)|
|activities||||||||
|Cash flows from investing|activities:|||||||
|Interest received|||||74,286||755|
|Dividends
received|||||1,845,391|1,451,123||
|Net cash provided
by (used|in) investing||||1,919,677|1,451,878||
|activities||||||||
|Change
in cash and cash equivalent||in the|||1,926,496|1,444,248||
|reporting
period||||||||
|Cash and cash equivalents|at the beginning||of||1,706,590|262,342||
|the reportiag
period||||||||
|Cash and cash equivalents|at the end|ofthe||||||
|reporting
period|||||3,633,086|1,706,590||
##
##
|||||2023|2023|2022|
|---|---|---|---|---|---|---|
|||||Total||Totalf|
|Net income for the|reporting period||||||
|(as per the statement|offmancial activities)||||(1,965,298)|4,953,287|
|Adjustments
for:|||||||
|Interest received
Dividends
from investments
Unrealised
(gain)/ loss on revaluation||oflisted investments||(
(|74,286)
1,845,391)
3,887,894|(
755)
(1,451,123)
(3,504,599)|
|Decrease in debtors|||||||
|Decrease in creditors|||||3,900|(4,440)|
|Net cash provided|by (used in) operating||activities||6,819|(7,630)|
##
##
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|2.|VOLUNTARY INCOME||||||
||Donation||||||
||Gift in kind||||||
|3.|INVESTMENT INCOME||||||
||Dividends
receivable
Interest receivable||||1,845,391
74 286|1,451,123
~75|
||||||1,919,677|1,451,878|
|4.|RESOURCES EXPENDED||||||
||||Grants to
ttttt|9|2023
TtI|2022
TII
f|
||Costs directly allocated||||||
||to activities||||||
||Charitable
distributions|(note 4.1)|||||
||Audit and accountancy|||3,900|3,900|4,200|
||Management
fees||||||
||Bank charges|||12|12|12|
||General expenses
Exchange (gains)/losses||7555|724|724|~1022|
||||(7.555)|4,636|(2,919)|3,190|
##
||||||||FIXEDASSET INVESTMENTS|FIXEDASSET INVESTMENTS|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||UK listed investments||||||||
||Market value at beginning of|||year|||54,649,841|51,145,242|
||Market value ofdonated||investments||||||
||Gain/ (Loss) on revaluation||||||~3887 &94|~504599|
||Market value at end of|year|||||50,761,947|54,649,841|
||Programme
related investment||||||||
||Equity interest||||||44439|6 439|
||||||||50,826386|54,714,280|
|All the UK listed investments||are held in WPP pic.|||||||
|The|programme
related investment|||represents|the charity's|minority|interest in the common stock ofa||
|New|York benefit corporation,||MpowerD Inc.||||||
||||||||2023|2022|
||||||||6||
|6.|CREDITORS: amounts||falling due||||||
||within one||year||||||
||Grants payable||||||30,000|30,000|
||Other creditors
Accruals||||||12,840
3900|8,640
~400|
||||||||46,740|42,840|
|7.|CREDITORS: amounts||falling due||||||
||after more||than one year||||||
||Grants payable||||||20,000|20,000|
##
##
|MOVEMENT IN FUNDS||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 6.4.22|in funds|5.4.23|
|Unrestricted
Fund|1,708,1$9|1,922,596|3,630,785|
|Endowment
Fund|54,649,841|(3,887,$94)|50,761,947|
|TOTAL FUNDS|56.358,030|(1~965,298)|54,392,732|
|Net movement
in funds, included|in the above are as follows:|||
|Net moveme|nt
in funds, inclu|ded
in the above are as f|ollows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains|Move|
|||resources|expended|losses|in funds|
||||||6|
|Unrestricted|Fund|1,919,677|2,919||1,922,596|
|Endowment|Fund|||(3,$87,894)|(3,887,894)|
|TOTAL FUNDS||1,9~19677|2,919|(3,$87,894)|(1,965,298)|
##
##
|Comparativ|es
for moveme|nt
in|funds||||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|At|
|||||||At 6.4.21|in funds|5.4.22|
|||||||f|f.||
|Unrestricted|Fund|||||259,501|1,448,688|1,708,189|
|Endowment|Fund||||51,145,242||3,504,599|54,649,841|
|TOTAL FUNDS|||||51~404743||4,953,287|56,N8,030|
|Net movement
in funds, included|||in the above are as||follows;||||
||||Incoming|||Resources|Gains/|Move|
||||resources
f,|||expended
f,|losses
f|in funds
f,|
|Unrestricted|Fund||1,451,878|||(3,190)||1,448,688|
|Endowment|Fund||||||3,504,599|3,504,599|
|TOTAL FUNDS|||1,4~51 878|||~3,190)|3,5~04599|4,953,287|
|A current|year 12 months|and|prior year|12 months||combined|position
is|as|
|follows:|||||||||
||||||||Net||
||||||||movement|At|
|||||||At 6.4.21|in funds|5.4.23|
|||||||f|f|f|
|Unrestricted|Fund|||||259,501|3,371,284|3,630,785|
|Endowment|Fund||||51,145,242||(383,295)|50,761,947|
|TOTAL FUNDS|||||5|1~404743|2,987,989|54,392,732|
##
|||Incoming|Resources|Gains|Move|
|---|---|---|---|---|---|
|||resources
f|expended|losses|in funds|
|Unrestricted|Fund|3,371,555|(271)||3,371,284|
|Endowment|Fund|||(383,295)|(383,295)|
|TOTAL FUNDS||3,371,555|~271)|(3~83,295|2,9~87989|
##