| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1to4 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial |
Activities | ||
| Balance Sheet | 7to8 | ||
| Notes to the Financial Statements | 9to12 | ||
| Detailed Statement of Financial | Activities | 13 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| Notes | E | ||||||
| INCOME FROM | |||||||
| Investment income |
51,246 | 36,930 | |||||
| Total | 51,246 | 36,930 | |||||
| EXPENDITURE ON | |||||||
| Raising funds | 9,805 | 12,060 | |||||
| Charitable activities |
|||||||
| Grant making | 17,038 | 44,853 | |||||
| Total | 26,843 | 56,913 | |||||
| Unrealised gains/(losses) |
on investment | assets | 66,935 | (125,868) | |||
| Realised gains/(losses) | on investment | assets | (7,615) | (16,783) | |||
| NET INCOME/(EXPENDITURE) | 83,723 | (162,634) | |||||
| RECONCILIATION | OF | FUNDS | |||||
| Total funds brought | forward | 2,045,244 | 2,207,878 | ||||
| TOTAL FUNDS CARRIED FORWARD | E2,128,967 | E2,045,244 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| Notes | F | ||
| FIXED ASSETS | |||
| Investments | 10 | 2,182,263 | 2,081,610 |
| CURRENT ASSETS | |||
| Cash at bank | 27,738 | 49,836 | |
| 27,738 | 49,836 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(81,034) | (86,202) | |
| NET CURRENT (LIABILITIES)/ASSETS | (53,296) | (36,366) | |
| TOTAL ASSETS LESS NET CURRENT | LIABILITIES | 2,128,967 | 2,045,244 |
| NET ASSETS | E2,128,967 | E2,045,244 | |
| FUNDS | |||
| Unrestricted funds |
12 | 2,128,967 | 2,045,244 |
| TOTAL FUNDS | E2,128,967 | E2,045,244 |
| 4. | RAISING FUNDS | ||||
|---|---|---|---|---|---|
| Investment management |
costs | 2023 | 2022 | ||
| Porffolio management | E9,805 | 812,060 | |||
| 5. | CHARITABLE ACTIVITIES COSTS | Grant funding | Support | ||
| of activities | costs | ||||
| (See note 6) | (See note 7) | ||||
| 2023 | 2023 | ||||
| Grant making | K7,880 | E9,158 | |||
| 2022 | 2022 | ||||
| F41,400 | F3,453 | ||||
| 6. | GRANTS PAYABLE | ||||
| Grants approved for payment |
during the year were as follows- | ||||
| 2023 | 2022 | ||||
| Other grants Supporting education Care support |
6,380 | 34,500 3,900 |
|||
| Arandora Star London Trust |
3,000 | ||||
| Culture | 1,500 | ||||
| Total Grants Payable | F7,880 | 241,400 | |||
| 7. | SUPPORT COSTS | ||||
| 2023 | 2022 | ||||
| Governance costs | F | ||||
| Independent Examiner's Bank charges |
fees | 2,880 422 |
2,850 603 |
||
| Marketing | 5,856 | ||||
| F9,158 | E3,453 | ||||
| 8. | NET (EXPENDITURE)/INCOME | 2023 | 2022 | ||
| Net income is stated after charging/(crediting): |
|||||
| Independent Examiner's |
fees | F2,880 | F2,850 |
| FIXEDASSET INVESTMENTS (excluding cash) | FIXEDASSET INVESTMENTS (excluding cash) | Listed |
|---|---|---|
| Investments | ||
| MARKET VAI UE | E | |
| At 1 July 2022 | 2,068,746 | |
| Additions | 744,208 | |
| Disposals | (727,933) | |
| Revaluations | 66,935 | |
| Market value (excluding | cash) | 2,151,956 |
| Cash held as part of investment | 30,307 | |
| NET BOOK VALUE | ||
| At 30June 2023 | E2,182,263 | |
| At 30June 2022 | E2,081,610 |
| which a | re individually m |
aterial within the investment portfoli |
o are detailed as follows: | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Equator | UK Sovereign | Bond Index | 271,703 | ||
| Coutts | US Equity Fund | Index | 357,096 | 188,253 | |
| Coutts | Actively Managed |
UK Equities | 153,142 | 163,248 | |
| Coutts | Actively Managed | US Equities | 197,510 | ||
| Coutts | US Insight Fund |
392,731 | 409,899 | ||
| Coutts | UK Insight Fund |
403,559 | 371,050 |
| 11. | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | 2023 | 2022 |
|---|---|---|---|---|---|---|---|
| Accruals | and | deferred | income | 81,034 | 86,202 | ||
| E81,034 | f86,202 | ||||||
| 12. | MOVEMENT | IN FUNDS | Net | ||||
| movement | |||||||
| At 1.7.22 | in funds | At 30.6.23 | |||||
| E | |||||||
| Unrestricted | funds | ||||||
| General | fund | 2,045,244 | 83,723 | 2,128,967 | |||
| TOTAL | FUNDS | E2,045,244 | f83,723 | E2,128,967 |
| Net mov | ement | in funds, included |
in the above are as follows | : | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement in |
|||
| resources | expended | losses | funds | |||
| F | ||||||
| Unrestricted | funds | |||||
| General | fund | 51,246 | 26,843 | 59,320 | 83,723 | |
| TOTAL | FUNDS | f51,246 | 226,843 | 259,320 | 283,723 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| F | E | |||||
| INCOME | ||||||
| Investment income |
||||||
| interest received | 1,467 | 141 | ||||
| Dividends | 49,779 | 36,789 | ||||
| Total incoming resources |
f51,246 | 36,930 | ||||
| EXPENDITURE | ||||||
| Investment management |
costs | |||||
| Porffolio management | 9,805 | 12,060 | ||||
| Charitable activities |
||||||
| Grants | 7,880 | 41,400 | ||||
| Governance costs |
||||||
| Independent Examiner's |
Fees | 2,880 | 2,850 | |||
| Bank charges | 422 | 603 | ||||
| Marketing | 5,856 | |||||
| 17,038 | 44,853 | |||||
| Total resources expended | 26,843 | 56,913 | ||||
| Net income/(expenditure) | before movements | on | ||||
| unrealised gains and |
losses | 24,403 | (19,983) | |||
| Gains and losses | ||||||
| Unrealised gain/(losses) |
on | investment | assets | 66,935 | (125,868) | |
| Realised gains/(losses) | on | investment | assets | (7,615) | (16,783) | |
| Net income/(expenditure) | 683,723 | F(162,634) |