| Page | |
|---|---|
| Charity Information | |
| Trustees' Report | 2-4 |
| Auditors' Report |
5-7 |
| Statement ofFinancial Activities | |
| Balance Sheet | |
| Cash Flow Statement | 10 |
| Notes to the Financial Statements | 11 - 17 |
| Charity | Nulnber | 1122851(Registered | in England) |
|---|---|---|---|
| Tlllstees | Lady Margaret Joan Jarvis CBE | ||
| Mr Trevor John Swete | |||
| Mrs Susan Mary Swete | |||
| Mrs Amelia Jane Sugden | |||
| Address | PO Box2696 | ||
| Woodford Green | |||
| IG8 1UF | |||
| Auditors | Somers Baker Prince | Kurz LLP | |
| Chartered Accountants |
|||
| Chancellors House |
|||
| Brampton Lane | |||
| London | |||
| NW4 4AB | |||
| Bankers | HSBCBank Plc | ||
| 60Queen Victoria Street | |||
| London | |||
| EC4N 4TR |
| Statement | ofFinancial Activities | |||||
|---|---|---|---|---|---|---|
| for the year ended 31March 2022 | ||||||
| 2022 | 2021 | |||||
| Notes | g | g | ||||
| Incoming resources | ||||||
| Incoming resources from | generated | funds: | ||||
| Voluntary income: |
||||||
| Donations receivable | 17,861 | |||||
| Investment income |
186,436 | 214,091 | ||||
| Total incoming resources |
204,297 | 214,091 | ||||
| Resources expended | ||||||
| Cost ofgenerating funds: |
||||||
| Investment management |
costs | 64,590 | 58,432 | |||
| Charitable activities: |
||||||
| Grants payable | 447,250 | 491,825 | ||||
| Other resources expended: | ||||||
| Governance costs |
32,602 | 32,023 | ||||
| Total resources expended | 544,442 | 582,280 | ||||
| Net expenditure before investment |
gains | (340,145) | (368,189) | |||
| Net gains on investments: | ||||||
| Realised gains on investtnent | assets | 405,075 | 626,683 | |||
| Unrealised gains on investment |
assets | 64,332 | 918,714 | |||
| 469,407 | 1,545,397 | |||||
| Net movements in funds |
129,262 | 1,177,208 | ||||
| Fund balances brought forward | 8,624,870 | 7,447,662 | ||||
| Fund balances carried forward | 8,754,132 | 8,624,870 | ||||
| All funds are unrestricted. |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Cash Flow Statement | |||||
| Net cash outflow from operating | activities (note 1) | (335,692) | (364,576) | ||
| Capital expenditure and financial investment |
|||||
| Purchase offixed asset investments | (7,698,113) | (5,956,022) | |||
| Proceeds from sale offixed asset investments | 8,046,543 | 6,314,966 | |||
| Increase/(Decrease) in cash in |
the year | 12,738 | (5,632) | ||
| Notes to the Cash Flow Statement | |||||
| 1.RecondTiation ofnet movements offunds to net |
|||||
| cash outflow from operating | activities | ||||
| Net movement in funds |
129,262 | 1,177,208 | |||
| Gains on disposal offixed asset | investments | (405,075) | (626,683) | ||
| Uniealised gains on revaluation |
offixed asset investments | (64,332) | (918,714) | ||
| (Increase)/Decrease in debtors |
(866) | 3,244 | |||
| Decrease in creditors | 5,319 | 369 | |||
| Net cash outflow from operating activities | (335,692) | (364,576) | |||
| 2.Reconciliation ofnet cash flow to movement | in net funds (note 3) | ||||
| Increase/(Decrease) in cash in |
tbe year | 12,738 | (5,632) | ||
| Net funds atIApril 2021 | 20,855 | 26,487 | |||
| Net funds at31March 2022 | 33,593 | 20,855 | |||
| 3.Analysis ofchanges in net funds | |||||
| Opening | Cash | Closing | |||
| balance | flows | balance | |||
| g | |||||
| Cash at bank | 20,855 | 12,738 | 33,593 |
| S. | Investment | income | 2022 | 2021 | ||
|---|---|---|---|---|---|---|
| g | g | |||||
| Dividends | —UK equities | 85,742 | 143,643 | |||
| Dividends | —Foreign | equities | 57,569 | 25,033 | ||
| Interest - Investment | and | corporate bonds, gilts and fixed interest securities | 43,125 | 45,415 | ||
| 186,436 | 214,091 | |||||
| 6. | Investment | management | costs | |||
| 2022 | 2021 | |||||
| Total | Total | |||||
| g | ||||||
| Investment | management | fees | 64,590 | 58,432 |
| Grants payable | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| No. | of | Total | No.of | Total | ||
| Grants | g | Grants | g | |||
| During the year, the following grants were paid to registered |
||||||
| charities: | ||||||
| The Royal National Institute ofBlind People - Information, |
1 | 75,000 | 1 | 75,000 | ||
| support and advice to people with sight problems | ||||||
| Community Security Trust - Promoting good relations between |
1 | 5,000 | 1 | 5,000 | ||
| the Jewish Community and all other members ofsociety by |
||||||
| elimination ofracism in the form ofanti-semitism |
||||||
| Cancer Research UK - Protect and promote health ofthe public | 1 | 100,000 | 1 | 100,000 | ||
| by research into the nature, causes, diagnosis, prevention, | ||||||
| treatment and cure ofall forms ofcancer |
||||||
| Royal Opera House Covent Garden Foundation —Promoting |
and | 2 | 55,250 | 1 | 50,000 | |
| educating the public in the arts ofopera and ballet |
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| Stroke Association -Provides support to those affected by stroke, |
1 | 25,000 | 1 | 25,000 | ||
| including famiTies and carers |
||||||
| Jewish Care - Care and support to older people, holocaust | 1 | 25,000 | 1 | 25,000 | ||
| survivors, people with mental health needs, physical and sensory |
||||||
| disabilities in the Jewish community |
||||||
| REACT - Improving the quality oflife by providing basic |
1 | 50,000 | 1 | 40,700 | ||
| essential aid and equipment to families caring for a child living |
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| with a life-limited illness |
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| Guy's and StThomas' Charity —Relief ofsickness and illness |
by | I | 1,000 | 1 | 10,000 | |
| provision oftreatment and care to patients at Evelina London |
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| Children's Hospital (Guy's and StThomas Hospital) |
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| The Disability Foundation Limited - Relief ofpersons suffering |
1 | 5,000 | ||||
| from any disability by providing advice, guidance, moral and |
||||||
| practical support for such persons, their family, carers and friends | ||||||
| Macmillian Cancer Support - Help improve the lives ofpeople |
1 | 5,000 | 1 | 5,000 | ||
| affected by cancer | ||||||
| Haven House Foundation -Cares for children and young people |
1 | 5,000 | ||||
| with life-limiting/threatening conditions and their families by |
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| providing respite care, community services, family support, |
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| counselling and training to equip parents |
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| Great Ormond Street Hospital Children's Charity - Relief of |
1 | 20,000 | 1 | 20,000 | ||
| sickness and illness by provision oftreatment and care to children |
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| at the Great Ormond Street Hospital |
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| Volunteering Matters - Support communities through |
1 | 15,000 | 1 | 15,000 | ||
| volunteering |
| 2022 | 2022 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|
| No. | of | Total | No.of | Total | ||
| Grants | Grants | |||||
| Peace Hospice Care - Operates a hospice called Peace Hospice |
1 | 5,000 | ||||
| Care for the provision ofspecialist palliative care |
||||||
| The Royal Marsden Cancer Charity —Carries out cancer research, |
1 | 25,000 | 1 | 20,000 | ||
| diagnosis, treatment and care for its patients and cancer patients |
||||||
| through the VK and worldwide |
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| Basingstoke and North Hampshire Medical Trust Fund |
- | 1 | 10,000 | 1 | 10,000 | |
| Fundraising for the purpose of purchasing medical equipment |
to | |||||
| be used for the investigation and treatment of patients in |
the | |||||
| Basingstoke Health District and further medical research |
||||||
| St Mungo Community Housing Association - Helping people |
1 | 5,000 | 1 | 5,000 | ||
| sleeping rough off the street of London, preventing |
of | |||||
| homelessness and promoting recovery |
||||||
| Mind (The National Association for Mental Health) - Promotes |
1 | 20,000 | I | 20,000 | ||
| the preservation of mental health and assist in relieving and |
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| rehabilitating persons suffering from mental disorder |
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| ICAN Charity - Provides specialist therapy and education |
for | 1 | 21,125 | |||
| children with speech and language difficulties |
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| Cure EB - Assists those suffering from Epidermolysis Bullosa |
1 | 10,000 | ||||
| ("EB") | ||||||
| Free The Bears - Works with governments and non government |
I | 5,000 | ||||
| partners thmughout the world to protect, preserve and end |
the | |||||
| exploitation ofbears | ||||||
| British Heart Foundation - Advancement in the prevention, |
I | 10,000 | ||||
| diagnosis and treatment ofheart and circulatory diseases |
||||||
| Cure Leukaemia - Relief ofpersons suffering from leukaemia |
by | 1 | 5,000 | |||
| funding new therapies, treatments and research into and trials |
of | |||||
| such treatments and providing personnel and facilities for such |
||||||
| purposes | ||||||
| The Brain Tumour Charity - Relief of persons suffering fmm |
1 | 5,000 | ||||
| brain tumour and their families | ||||||
| SAFE - Saving Abandoned Fly-Grazing Equines - Rescue and |
I | 1,000 | ||||
| re-home abandoned and neglected horses in the Berkshire and |
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| Surrey area | ||||||
| Parkinson's UK - Relief for people with Parkinson's disease and |
I | 5,000 | ||||
| provide assistance, support and advice to people with Parkinson' s |
||||||
| disease and their families | ||||||
| 19 | 447,250 | 23 | 491,825 |
| .....continued | ||||||
|---|---|---|---|---|---|---|
| 8. | Governance costs |
|||||
| 2022 | 2021 | |||||
| Grant advisory fees | 18,078 | 18,078 | ||||
| Audit and accountancy | fees | 14,400 | 13,800 | |||
| Bank charges and interest | 124 | 130 | ||||
| Loss on exchange | 15 | |||||
| 32,602 | 32,023 | |||||
| 9. | Fixed asset investments | 2022 | 2021 | |||
| Movement in fixed |
asset investments | |||||
| At 1 April 2021 | 8,633,011 | 7,446,558 | ||||
| Additions at cost |
7,698,113 | 5,956,022 | ||||
| Disposals at carrying |
value | (7,641,468) | (5,688,283) | |||
| Unrealised gains on |
revaluation | 64,332 | 918,714 | |||
| Market value at 31March 2022 | 8,753,988 | 8,633,011 | ||||
| Investments at market |
value comprised: | |||||
| Equities | 7,102,680 | 7,264,302 | ||||
| Fixed interest securities | 1,311,414 | 1,196,000 | ||||
| Cash held within the | investment | portfolio | 339,894 | 172,709 | ||
| 8,753,988 | 8,633,011 |
| 11. | Creditors: amounts falhng due within one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| g | |||
| Accruals | 34,315 | 28,996 | |
| 12. | Reserves | ||
| Unrestricted funds |
|||
| 2022 | 2021 | ||
| g | |||
| At 1 April 2021 | 8,624,870 | 7,447,662 | |
| Net surplus for the year | 129,262 | 1,177,208 | |
| At 31March 2022 | 8,754,132 | 8,624,870 | |
| Incoming resources | 204,297 | 214,091 | |
| Resources expended | (544,442) | (582,280) | |
| Net gains on investments | 469,407 | 1,545,397 | |
| Net surplus for the year | 129,262 | 1,177,208 |
| 2022 | 2021 | |
|---|---|---|
| g | g | |
| Fund balances at 31March 2022 are represented by: | ||
| Investments | 8,753,988 | 8,633,011 |
| Debtors | 866 | |
| Cash at bank | 33,593 | 20,855 |
| Creditors | (34,315) | (28,996) |
| 8,754,132 | 8,624,870 |
| At 31March 2022, there were non-contractual comm tof50,000payable as follows: |
itments to pay grants on future dates |
amounting |
|---|---|---|
| 2022 | 2021 | |
| Within one year | 25,000 | 25,000 |
| After more than one year | 25,000 | 50,000 |
| 50,000 | 75,000 |