| 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 Information | Charity Information | ||
|---|---|---|---|
| Charity | Number | 1122851(Registered | in England) |
| Trustees | 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 | HSBC UK Bank Plc | ||
| 1-3Bishopgate | |||
| London | |||
| EC2N 3AQ |
| Statement | ofFinancial Activities | |||
|---|---|---|---|---|
| for the year ended 31March 2023 | ||||
| 2023 | 2022 | |||
| Notes | ||||
| Incoming resources | ||||
| Incoming resources from generated | funds: | |||
| Voluntary income: |
||||
| Donations receivable |
17,861 | |||
| Investment income |
178,291 | 186,436 | ||
| Total incoming resources |
178,291 | 204,297 | ||
| Resources expended | ||||
| Cost ofgenerating funds: |
||||
| Investment management costs |
59,143 | 64,590 | ||
| Charitable activities: |
||||
| Grants payable | 449,350 | 447,250 | ||
| Other resources expended: | ||||
| Governance costs |
32,773 | 32,602 | ||
| Total resources expended | 541,266 | 544,442 | ||
| Net expenditure before investment |
gains | (362,975) | (340,145) | |
| Net gains on investments: Realised (losses)/gains on investment Unrealised (losses)/gains on investment |
assets assets |
(250,503 (97,603 (348,106) |
O 405,075 64,332 469,407 |
|
| Net movements in funds |
(711,081) | 129,262 | ||
| Fund balances brought forward | 8,754,132 | 8,624,870 | ||
| Fund balances carried forward | 8,043,051 | 8,754,132 | ||
| All funds are unrestricted, |
| Cash | Flow Statement | ||||||
|---|---|---|---|---|---|---|---|
| for the year ended 31March 2023 | |||||||
| 2023 | 2022 | ||||||
| Cash Flow Statement | |||||||
| Net cash outflow from operating | activities (note 1) | (354,875) | (335,692) | ||||
| Interest receivable | 586 | ||||||
| Capital expenditure and financial |
investment | ||||||
| Purchase offixed asset investments | (3,326,401) | (7,698,113) | |||||
| Proceeds from sale offixed asset investments | 3,689,962 | 8,046,543 | |||||
| Increase in cash in the year | 9,272 | 12,738 | |||||
| Notes to the Cash Flow Statement | |||||||
| 1.Reconciliation ofnet movements | offunds to | net | |||||
| cash outflow from operating | activities | ||||||
| Net movement in funds |
(711,081) | 129,262 | |||||
| Interest receivable | (586) | ||||||
| Loss/(Gains) on disposal offixed |
asset investments | 250,503 | (405,075) | ||||
| Unrealised loss/(gains) on revaluation |
offixed asset investments | 97,603 | (64,332) | ||||
| (Increase)/Decrease in debtors |
(356) | (866) | |||||
| Increase in creditors | 9,042 | 5,319 | |||||
| Net cash outflow from operating | activities | (354,875) | (335,692) | ||||
| 2.Reconciliation ofnet cash flow | to | movement | in net funds (note 3) | ||||
| Increase in cash in the year | 9,272 | 12,738 | |||||
| Net funds at 1April 2022 | 33,593 | 20,855 | |||||
| Net funds at31March 2023 | 42,865 | 33,593 | |||||
| 3.Analysis ofchanges in net funds | |||||||
| Opening | Cash | Closing | |||||
| balance | flows | balance | |||||
| Cash at bank | 33,593 | 9,272 | 42,865 |
| 5. | Investment | income | 2023 | 2022 | ||
|---|---|---|---|---|---|---|
| Dividends | - UK equities | 36,244 | 85,742 | |||
| Dividends | -Foreign | equities | 87,930 | 57,569 | ||
| Interest - Investment | and | corporate bonds, gilts and fixed interest securities | 53,531 | 43,125 | ||
| Bank deposit interest | receivable | 586 | ||||
| 178,291 | 186,436 | |||||
| 6. | Investment | management | costs | |||
| 2023 | 2022 | |||||
| Total | Total | |||||
| Investment | manageme | nt | fees | 59,143 | 64,590 |
| Grants payable | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| No. | of | Total | No. | of | Total | ||||
| Grants | K | Grants | |||||||
| 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 |
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 | 55,350 | 2 | 55,250 | ||||
| educating the public in the arts ofopera and ballet |
|||||||||
| Stroke Association - Provides support to those affected by | stroke, | 1 | 25,000 | 1 | 25,000 | ||||
| including families 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 | 50,000 | |||||
| essential aid and equipment to families caring for achild living |
|||||||||
| with a life-limited illness |
|||||||||
| Macmillian Cancer Support - Help improve the lives ofpeople |
5,000 | 5,000 | |||||||
| affected by cancer | |||||||||
| 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 |
|||||||||
| at the Great Ormond Street Hospital | |||||||||
| Volunteering Matters - Support communities through |
1 | 15,000 | 1 | 15,000 | |||||
| volunteering | |||||||||
| Peace Hospice Care - Operates a hospice called Peace |
Hospice | 5,000 | |||||||
| Care for the provision ofspecialist palliative care |
|||||||||
| The Royal Marsden Cancer Charity - Carries out cancer research, |
1 | 25,000 | 1 | 25,000 | |||||
| diagnosis, treatment and care for its patients and cancer |
patients | ||||||||
| through the UK and worldwide |
|||||||||
| 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 |
| 2023 | 2023 | 2022 | 2022 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. of | Total | No. of | Total | |||||||||||||
| Grants | Grants | |||||||||||||||
| 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 |
||||||||||||||||
| Guy's and StThomas' Charity - Relief of | sickness | and | illness | by | 1,000 | |||||||||||
| provision oftreatment and care to patients |
at Evelina | London | ||||||||||||||
| Children's Hospital |
||||||||||||||||
| Mind (The National Association for Mental |
Health) | - Promotes | 1 | 20,000 | 1 | 20,000 | ||||||||||
| the preservation of mental health and |
assist | in | relieving | and | ||||||||||||
| rehabilitating persons suffering from mental disorder |
||||||||||||||||
| The Brain Tumour Charity - Relief of |
persons | suffering | from | 5,000 | ||||||||||||
| brain tumour and their families |
||||||||||||||||
| SAFE - Saving Abandoned Fly-Grazing |
Equines | - | Rescue | and | 1,000 | |||||||||||
| re-home abandoned and neglected horses in |
the | Berkshire | and | |||||||||||||
| Surrey area | ||||||||||||||||
| Parkinson's UK - Relief for people with |
Parkinson's | disease | and | 5,000 | ||||||||||||
| provide assistance, support and advice to |
people | with | Parkinson' | s | ||||||||||||
| disease and their families | ||||||||||||||||
| Thames Valley Air Ambulance - Relief |
of sickness | and | injury, | 1 | 5,000 | |||||||||||
| protection of human life and provision |
and | support | of | an air | ||||||||||||
| ambulance service in Berkshire, Oxfordshire, |
Buckinghamshire | |||||||||||||||
| and elsewhere in the United Kingdom |
||||||||||||||||
| Restless Development -Relief ofpoverty |
and | improvement | ofthe | 2 | 4,000 | |||||||||||
| conditions of life in disadvantaged communities |
in | the | United | |||||||||||||
| Kingdom and elsewhere |
||||||||||||||||
| 19 | 449,350 | 19 | 447,250 | |||||||||||||
| 8. | Governance costs |
|||||||||||||||
| 2023 | 2022 | |||||||||||||||
| Grant advisory fees | 18,245 | 18,078 | ||||||||||||||
| Audit and accountancy fees |
14,400 | 14,400 | ||||||||||||||
| Bank charges and interest | 128 | 124 | ||||||||||||||
| 32,773 | 32,602 |
| 9. | Fixed asset investments | Fixed asset investments | 2023 | 2022 | ||
|---|---|---|---|---|---|---|
| Movement | in fixed asset investments | |||||
| At 1 April | 2022 | 8,753,988 | 8,633,011 | |||
| Additions | at cost | 3,326,401 | 7,698,113 | |||
| Disposals | at carrying value |
(3,940,465) | (7,641,468) | |||
| Unrealised | (loss)/gains | on revaluation | (97,603) | 64,332 | ||
| Market value at 31March 2023 | 8,042,321 | 8,753,988 | ||||
| Investments at market |
value comprised: | |||||
| Equities | 6,609,009 | 7,102,680 | ||||
| Fixed interest securities | 1,287,018 | 1,311,414 | ||||
| Cash held | within the investment | portfolio | 146,294 | 339,894 | ||
| 8,042,321 | 8,753,988 |
| 10. | Debtors | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Accrued income | 1,222 | 866 | ||
| 1,222 | 866 | |||
| 11. | Creditors: amounts | falling due within one year | ||
| 2023 | 2022 | |||
| Accruals | 43,357 | 34,315 |
| Unrestricted funds |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| At 1 April 2022 | 8,754,132 | 8,624,870 | |
| Net (deficit)/surplus | for the year | (711,081) | 129,262 |
| At 31March 2023 | 8,043,051 | 8,754,132 | |
| Incoming resources | 178,291 | 204,297 | |
| Resources expended | (541,266) | (544,442) | |
| Net (losses)/gains on |
investments | (348,106) | 469,407 |
| Net (deficit)/surplus | for the year | (711,081) | 129,262 |
| 2023 | 2022 | |
|---|---|---|
| Fund balances at 31March 2023 are represented by: | ||
| Investments | 8,042,321 | 8,753,988 |
| Debtors | 1,222 | 866 |
| Cash at bank | 42,865 | 33,593 |
| Creditors | (43,357) | (34,315) |
| 8,043,051 | 8,754,132 |
| At 31March 2023, there were non-contractual comm to625,000payable as follows: |
itments to pay grants on future dates |
amounting |
|---|---|---|
| 2023 | 2022 | |
| Within one year | 25,000 | 25,000 |
| After more than one year | 25,000 | |
| 25,000 | 50,000 |