| Page | |
|---|---|
| Reference and administrative detailsofthe Charity, its Trustees and advisers | 1 |
| Trustees' report | 2-5 |
| Independent auditors' report onthefinancial statements | 6-9 |
| Statementoffinancial activities | 10 |
| Balance sheet | 11 |
| Statementofcashflows | 12 |
| Notestothe financial statements | 13-27 |
| Unrestricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Note | £ | £ | £ | £ | |
| Income andendowmentsfrom: | |||||
| Donations and legacies | 3 | 820 | 820 | 345 | |
| Investments | 4 | 727,881 | 727,881 | 586,813 | |
| Totalincomeandendowments | 728,701 | 728,701 | 587, 158 | ||
| Expenditure on: | |||||
| Charitable activities | 6 | 615,155 | 615,155 | 579, 179 | |
| Total expenditure | 615,155 | 615, 155 | 579, 179 | ||
| Netincomebeforenet(losses)/gains | |||||
| on investments | 113,546 | 113,546 | 7,979 | ||
| Net (losses)/gainsoninvestments | (1,215,683) | (1,215,683) | 387,459 | ||
| Netmovementinfunds | 113,546 | (1,215,683) | (1,102,137) | 395,438 | |
| Reconciliationoffunds: | |||||
| Total funds brought forward | 236,964 | 14,574,853 | 14,811,817 | 14,416,379 | |
| Net movement in funds | 113,546 | (1,215,683) | (1,102, 137) | 395,438 | |
| Totalfundscarriedforward | 350,510 | 13,359,170 | 13,709,680 | 14,811,817 |
| BALANCE.SHEET~ | BALANCE.SHEET~ | BALANCE.SHEET~ | BALANCE.SHEET~ | BALANCE.SHEET~ | BALANCE.SHEET~ | BALANCE.SHEET~ | BALANCE.SHEET~ | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AS'AT3'1 | MARCH2023 | ||||||||||||||||||||||||||
| , | . |
~·. | ' | ' |
• | ! | |||||||||||||||||||||
| .. | |||||||||||||||||||||||||||
| j,' | |||||||||||||||||||||||||||
| 2023- | 2022' | ||||||||||||||||||||||||||
| Note | £ | £ | |||||||||||||||||||||||||
| Fixedassets | |||||||||||||||||||||||||||
| Investments | ' | 13;260,411 | . | __{4,480,307_ | |||||||||||||||||||||||
| ' | 14,480,~07' | ||||||||||||||||||||||||||
| Current assets. | |||||||||||||||||||||||||||
| Debfurs • · | 11 | ' | '· 1,1~~944, |
||||||||||||||||||||||||
| .Jnvestm~nts. | 12 | 1o4.42o | :102/26.6 | ||||||||||||||||||||||||
| ··cast:iatb~n'5and-inh~nd | ·-24g,845 | .,'254,2,44: | |||||||||||||||||||||||||
| '·.474t09. I ' |
··.$56,s1<r | ||||||||||||||||||||||||||
| . | Creditor.j:a~ountsfalling due.withinone'.) y~ar 1 • |
13 | ;. . · |
(2~ |
; 10bO).... |
' |
|||||||||||||||||||||
| . Netcun:entassetS | . 449,209. ' | . | 331;510, | ||||||||||||||||||||||||
| .. | ' |
||||||||||||||||||||||||||
| .:Totalassetsle~cu.rrentli~bilities | '13)09~689;:. ' | 11:,811,811 | |||||||||||||||||||||||||
| ' | NetassetSexcluding~ns•onas~~t.:· ,. . .. ~·· ' . ' |
-~{3,109,680 | :- | 14,B1j,B17 | |||||||||||||||||||||||
| Tota,1'net assets | ·.·13109eso _, ·'.. |
14 J |
811817 . I |
||||||||||||||||||||||||
| Charityflinds | |||||||||||||||||||||||||||
| ~EndoWrTlenffunds | 14 | .. | 13,359,170 . '; ' ~. |
14;57.4,853· | |||||||||||||||||||||||
| ;Restricte_d.funds· | 14 | '" | ', | :., | -· | ||||||||||||||||||||||
| Unr~~triCt~funds | 14 | . | 35Q,510 | ||||||||||||||||||||||||
| Total.funds | ,t3'109eao· . , 1 ; -~ |
||||||||||||||||||||||||||
| ' ,T~efinanclaLstatemehtswere . '• ' |
ap~rqved:a~d-authorjsed ..,, \~. ~". ." |
for | l~s~J:~Yth~ " ''· . |
T~~tee~~iidsi~ned~~-thel·~b~h~~·b;' , .: .".~ .. . .' '... . -. |
|||||||||||||||||||||||
| Anthony JohnBolto~ | |||||||||||||||||||||||||||
| '{Trustee)23October .Date: ··.· : |
2023: | . |
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net cash used in operating activities | 17 | (4,399) | 9,977 |
| Cash flows from investing activities | |||
| Proceeds from saleofinvestments | 3,311,466 | ||
| Purchaseofinvestments | (3,309,312) | (4,781) | |
| Net cash provided by/(used in) investing activities | 2,154 | (4,781) | |
| Cash flows from financing activities | |||
| Net cash provided by financing activities | |||
| Change in cash and cash equivalents in the year | (2,245) | 5,196 | |
| Cash and cash equivalents at the beginningofthe year | 356,510 | 351,314 | |
| Cash and cash equivalents at the endofthe year | 18 | 354,265 | 356,510 |
| The notesonpages 13 to 27 form partofthese financial statements |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2023 | 2023 |
| £ | £ |
| 820 | 820 |
| Unrestridted | Total |
| funds | funds |
| 2022 | 2022 |
| £ | £ |
| 345 | 345 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2023 | |
| £ | £ | |
| Investment income | 727,050 | 727,050 |
| Interest received | 831 | 831 |
| 727,881 | 727,881 | |
| Unrestricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| £ | £ | |
| Investment income | 586,797 | 586,797 |
| Interest received | 16 | 16 |
| 586,813 | 586,813 |
| Grantsto | Total | |
|---|---|---|
| Institutions | funds | |
| 2023 | 2023 | |
| £ | £ | |
| Grants payable | 607,260 | 607,260 |
| Grantsto | Total | |
| Institutions | funds | |
| 2022 | 2022 | |
| £ | £ | |
| Grants payable | 570,144 | 570,144 |
| Unrestricted grants payable | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Disadvantaged_I_Disabled_I_Children&Young People Care Institution | ||
| Renaissance Foundation | 10,000 | |
| Magic Breakfast | 10,000 | |
| Dreams Come True | 5,000 | 5,000 |
| Young People's Shop | 5,000 | |
| Sense | 2,400 | |
| Chichester Information Centre | 2,000 | |
| Sick Children's Trust | 5,000 | |
| Children's Bookfest | 5,000 | |
| Life Centre | 5,000 | |
| Petworth Youth Association | 5,000 | |
| 32,400 | 27,000 | |
| Disadvantaged_I_Disabled_I_Homeless Adult Care Institutions | ||
| Family Support | 20,000 | |
| Bramber Bakehouse | 10,000 | |
| Refugee Council | 10,000 | |
| St Barnabas Hospice | 5,000 | |
| St Wilfreds Hospice | 3,000 | |
| Changing Faces | 2,500 | |
| Rother Valley Together | 15,000 | |
| Homestart | 7,500 | |
| The Therapy Garden | 5,000 | |
| Re-engage | 5,000 | |
| Young Women's Trust | 4,000 | |
| Carers Support | 2,000 | |
| Age UK | 2,000 | |
| 50,500 | 40,500 | |
| Medical Research_I_Medical Institutions | ||
| Cystic Fibrosis | 25,000 | |
| Cosmic | 10,000 | |
| Alike | 10,000 | 20,000 |
| Coppafeel | 10,000 | |
| Noah's Pink Balloon | 10,000 |
| Medical Research_I_Medical Institutions (continued) | ||
|---|---|---|
| Dementia Support | 5,000 | |
| Breast Cancer Now | 5,000 | |
| Target Ovarian Cancer | 2,500 | |
| Blood Pressure UK | 2,000 | |
| Cancerwise | 5,000 | |
| Alzheimer's Research | 15,000 | |
| KSS Air Ambulance | 10,000 | |
| Hope for Tomorrow | 10,000 | |
| Tommy's | 5,000 | |
| Bliss | 5,000 | |
| West Sussex Mind | 5,500 | |
| Pregnancy Options | 5,000 | |
| St Wilfred's Hospice | 5,000 | |
| Marie Curie | 5,000 | |
| Anthony Nolan Trust | 3,000 | |
| 84,500 | 88,500 | |
| Major Disaster Relief Funds | ||
| Shelterbox | 30,000 | 15,000 |
| Swiss Red Cross (for Ukraine R.C.) | 21,442 | 5,000 |
| Medecins Sans Frontieres UK | 30,000 | |
| UNICEF | 30,000 | |
| Save the Children | 30,000 | |
| David Knott Foundation | 10,000 | |
| The Refugee Council | 5,000 | |
| Caritas Ukraine | 4,337 | |
| 51,442 | 129,337 | |
| Community & Educational Institutions | ||
| St Mary's | 25,000 | |
| Bishop Luffa | 20,000 | |
| Sussex Community Foundation | 20,000 | 10,118 |
| North Paddington Foodbank | 15,000 | |
| Stonepillow | 10,000 | |
| West Sussex Mind | 10,000 | |
| Chichester Foodbank | 10,000 | |
| Trussel Trust | 10,000 | |
| Midhurst PCC | 10,000 | |
| Midhurst Community Hub | 7,000 | |
| Life Centre | 5,000 | |
| Pregnancy Options | 5,000 |
| Community& Educational Institutions (continued) | ||
|---|---|---|
| Re-Engage | 5,000 | |
| Life 2009 | 3,000 | |
| Carers Support | 3,000 | |
| 4 Sight Vision | 3,000 | |
| PCC Trotton | 2,000 | |
| South Downs National Park | 25,000 | |
| Easebourne Parish | 13,000 | |
| Investment Management Guild | 10,000 | |
| Project Wingman | 10,000 | |
| Chichester Cathedral | 5,000 | |
| UK Harvest | 5,000 | |
| RNIB | 2,000 | |
| Midhurst Green | 2,000 | |
| 163,000 | 82,118 | |
| International | ||
| Children on the edge | 20,000 | |
| Halo Foundation | 10,210 | |
| The Care Project | 10,000 | 6,827 |
| Street Child | 10,000 | |
| Island Academy | 8,326 | 21,962 |
| Friends of Kagando | 7,500 | |
| Elizabeth's Smile | 4,282 | |
| Fund a Future | 4,000 | 3,200 |
| Mondo Challenge | 5,000 | |
| 74,318 | 36,989 | |
| Environmental | ||
| Client Earth | 5,000 | |
| Organic Research | 15,000 | |
| Repowering | 10,000 | |
| 5,000 | 25,000 | |
| Music | ||
| Sound & Music | 100,000 | 100,000 |
| Gerald Finzi Trust | 11,100 | |
| Royal Philharmonic | 10,000 | 10,000 |
| Future Talent | 6,000 | |
| Opera Holland Park | 5,000 | |
| Cambridge Music | 5,000 | |
| Petworth Festival | 3,500 | 5,000 |
| Music (continued) | ||
|---|---|---|
| Nash Concert Soc | 3,000 | |
| Wild Plum | 2,500 | |
| Royal ColegeofMusic | 12,000 | |
| London Philharmonic | 7,500 | |
| Antigua and Barbuda Youth Symphony Orchestra | 6,200 | |
| 146,100 | 140,700 | |
| Total grants payable | 607,260 | 570, 144 |
| Unrestricted | |
|---|---|
| funds | Total |
| 2023 | 2023 |
| £ | £ |
| 615,155 | 615,155 |
| Unrestricted | |
| funds | Total |
| 2022 | 2022 |
| £ | £ |
| 579,179 | 579,179 |
| Grant | ||
|---|---|---|
| fundingof | Support | Total |
| activities | costs | funds |
| 2023 | 2023 | 2023 |
| £ | £ | £ |
| 607,260 | 7,895 | 615,155 |
| Grant | ||
|---|---|---|
| funding of | Support. | Total |
| activities | costs | funds |
| 2022 | 2022 | 2022 |
| £ | £ | £ |
| 570, 144 | 9,035 | 579,179 |
| Auditors' remuneration | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fees payable to the Charity's auditor for the auditofthe Charity's annual | ||
| accounts | 4,740 | 6,600 |
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Costorvaluation | ||
| At 1 April 2022 | 14,480,307 | |
| Additions | 3,309,312 | |
| Disposals | (3,476, 139) | |
| Revaluations | (1,053,009) | |
| At31March 2023 | 13,260,471 | |
| Netbookvalue | ||
| At31March 2023 | 13,260,471 | |
| At31 March 2022 | 14,480,307 | |
| All the fixed asset investment are heldintheUK | ||
| Material investments | ||
| 2023 | 2022 | |
| £ | £ | |
| Ml Somerset Asia Income Fund I - Inc | 2,104,213 | 2,256,896 |
| Lazard Global Equity Income C Inc | 1,402, 174 | 2,202,297 |
| ASI World Income Equity Fund I Inc | 1,965,727 | 2,009,397 |
| Fidelity Multi Asset Income Fund W-lncome | 1,973,048 | |
| Jupiter Monthly Alternative Income Fund I Class Inc | 2,079,870 | 1,761,805 |
| Man GLG Income Fund Prof Inc D | 1,877,868 | 1,032,049 |
| IFSL Marlborough Multi Cap Income Fund P Inc | 792,953 | 967,637 |
| BNYMellonUKIncome Inst Fund W Inc | 786,210 | |
| Artemis Income Fund Class I Inc | 1,626,693 | 774,255 |
| Premier MitonUKMulti Cap Income Fund InstitutionalBIncome | 1,410,973 | 716,713 |
| 13,260,471 | 14,480,307 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 31March | |||
| April 2022 | Income | Expenditure | (Losses) | 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestrictedfunds | |||||
| General Funds - all funds | 236,964 | 728,701 | (615, 155) | 350,510 | |
| Endowmentfunds | |||||
| Endowment Funds - all funds | 14,574,853 | (1,215,683) | 13,359,170 | ||
| Totaloffunds | 14,811,817 | 728,701 | (615, 155) | (1,215,683) | 13,709,680 |
| Statementoffunds- prioryear | |||||
| Balance at | |||||
| Balance at | Gains/ | 31March | |||
| 1April2021 | Income | Expenditure | (Losses) | 2022 | |
| £ | £ | £ | £ | £ | |
| Unrestrictedfunds | |||||
| General Funds - all funds | 228,985 | 587, 158 | (579, 179) | 236,964 | |
| Endowmentfunds | |||||
| Endowment Funds - all funds | 14,187,394 | 387,459 | 14,574,853 | ||
| Totaloffunds | 14,416,379 | 587, 158 | (579, 179) | 387,459 | 14,811,817 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 31March | |||
| April 2022 | Income | Expenditure | (Losses) | 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 236,964 | 728,701 | (615, 155) | 350,510 | |
| Endowment funds | 14,574,853 | (1,215,683) | 13,359,170 | ||
| 14,811,817 | 728,701 | (615, 155) | (1,215,683) | 13,709,680 |
| Summaryoffunds- prio | ryear | ||||
|---|---|---|---|---|---|
| Balanceat | |||||
| Balance at | Gains/ | 31March | |||
| 1April2021 | Income | Expenditure | (Losses) | 2022 | |
| £ | £ | £ | £ | £ | |
| General funds | 228,985 | 587, 158 | (579, 179) | 236,964 | |
| Endowment funds | 14,187,394 | 387,459 | 14,574,853 | ||
| 14,416,379 | 587, 158 | (579, 179) | 387,459 | 14,811,817 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| Fixed asset investments | 13,260,471 | 13,260,471 | |
| Current assets | 375,510 | 98,699 | 474,209 |
| Creditors due within one year | (25,000) | (25,000) | |
| Total | 350,510 | 13,359,170 | 13,709,680 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Fixed asset investments | 14,480,307 | 14,480,307 | |
| Current assets | 261,964 | 94,546 | 356,510 |
| Creditors due within one year | (25,000) | (25,000) | |
| Total | 236,964 | 14,574,853 | 14,811,817 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Net income/expenditure for the year (as per StatementofFinancial | ||
| Activities) | (1,102, 137) | 395,438 |
| Adjustmentsfor: | ||
| Gainsoninvestments | 1,215,683 | (387,459) |
| Decrease/(increase)indebtors | (119,945) | |
| Investment Fees | 2,000 | 1,998 |
| Net cashprovidedby/(usedin)operatingactivities | (4,399) | 9,977 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Cashinhand | 354,265 | 356,510 |
| Totalcashandcashequivalents | 354,265 | 356,510 |
| Changesin | |||||
|---|---|---|---|---|---|
| market | |||||
| value and | |||||
| exchange | |||||
| At1 April | rateAt31March | ||||
| 2022 | Cashflows | movements | 2023 | ||
| £ | £ | £ | £ | ||
| Cash | at bank andinhand | 254,244 | (4,399) | 249,845 | |
| Liquid | investments | 102,267 | 2,153 | 104,420 | |
| 356,511 | (4,399) | 2,153 | 354,265 |
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