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|---|---|
|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|
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|||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||
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|||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,|||||
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||||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|
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|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|
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|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||||||||||
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|||||||||||||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||
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|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|
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|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|
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||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|
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|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|