2023-12-31-accounts - The Serth And Gates Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

	Page
ReportoftheTrustees	1to3
ReportoftheIndependentAuditors	4to5
StatementofFinancialActivities	6
StatementofFinancialPosition	7
NotestotheFinancialStatements	8to14
DetailedStatementofFinancialActivities	15

==> picture [102 x 17] intentionally omitted <==

		31.12.23	31.12.22
		Unrestricted	Total
		funds	funds
	Note	£	E
INCOMEANDENDOWMENTSFROM:
Investmentincome	2	344,682	352,805
EXPENDITUREON:
Raisingfunds
Investmentmanagementcosts	3	57,601	60,209
Charitableactivities
Donations	4	289,000	232,500
Other	4	59,884	55,788
Total		406,485	348,497
Net(loss)/gainoninvestments		435,346	(1,492,702)
NET(DEFICIT)/SURPLUS		373,543	(1,488,394)
RECONCILIATIONOFFUNDS
Totalfundsbroughtforward		10,803,275	12,291,669
TOTALFUNDSCARRIEDFORWARD		11,176,818	10,803,275

	TheSerthandGatesCharitl)
	StatementofFinancialPosition
	asat
	31December2023
		31.12.23	31.12.22
	Note	£	£
FIXEDASSETS
Investments	6	10,904,444	10,414,006
CURRENTASSETS
Cashatbank		253,746	353,356
WedlakeBellLLPclientaccount		235,878	201,839
		489,624	555,195
CREDITORS
Amountsfallingduewithinoneyear	7	(217,250)	(118,526)
NETCURRENTASSETS		272,374	436,669
TOTALASSETSLESSCURRENTLIABILITIES		11,176,818	10,850,675
CREDITORS
Amountsfallingdueaftermorethanoneyear	8		(47,400)
NETASSETS		11,176,818	10,803,275
FUNDS
Unrestrictedfunds:
IncomeFund		380,544	354,804
DesignatedCapitalFund		10,796,274	10,448,471
TOTALFUNDS	9	11,176,818	10,803,275

==> picture [64 x 7] intentionally omitted <==

==> picture [59 x 7] intentionally omitted <==

	2	INVESTMENTINCOME	31.12.23	31.12.22
			Unrestricted	Total
			funds	funds
			£	£
		Cashinvestments	9,798	1,396
		Investmentincome	334,884	351,409
			344,682	352,805
	3	INVESTMENTMANAGEMENTCOSTS
			31.12.23	31.12.22
			Unrestricted	Total
			funds	funds
			£	£
		Portfoliomanagement	57,601	60,209
4		CHARITABLEACTIVITIES
		Donations	31.12.23	31.12.22
			f
		Fundingcommittednotyetpoidbroughtforwardat1January2023
		TheHorseTrust	(94,800)	(141,000)
		UniversityofGlasgow	(30,000)	(60,000)
		DogsTrust	(15,000)	(15,000)
		BlueCross		(15,000)
		Greatwood		(15,000)
		HearingDogsforDeafPeople		(15,000)
		PDSA		(15,000)
		SPANA		(15,000)
		TheBrookeHospitalforAnimals		(15,000)
		BatterseaDogsandCatsHome		(10,000)
		DogsforGood		(10,000)
		UftonCourtEducationalTrust		(2,700)
		CheringtonPCC		(1,500)
		FriendsofMannCottageSurgery		(1,500)
		GuitingFestival		(1,500)
		LongboroughFestivalOpera		(1,500)
		ShipstonHomeNursing		(1,500)
		TheCarleeSingers		(1,500)
		TotalFundingcommittednotyetpaidat1January2023	(139,800)	(337,700)

CHARITABLEACTIVITIES(continued)
Donations	31.12.23	31.12.22
	£	£
Donationspaidduringtheyear
UniversityofBristol	151,000	45,000
TheHorseTrust	47,400	47,000
UniversityofGlasgow	30,000	30,000
DogsTrust	15,000	15,000
UniversityofSurrey		50,500
BatterseaDogsandCatsHome		35,200
Greatwood		30,000
ThePeople'sDispensaryforSickAnimals(PDSA)		30,000
SocietyofProtectionofAnimalsAbroad(SPANA)		30,000
BlueCross		30,000
DogsForGood		30,000
NationalAnimalWelfareTrust		20,000
HearingDogsfortheDeaf		15,000
FourPaws		10,000
UftonCourtEducationalTrust		2,700
LongboroughFestivalOpera		1,500
FriendsofMarnCottageSurgery		1,500
CheringtonPCC		1,500
ShipstonHomeNursing		1,500
GuitingFestival		1,500
TheCariceSingers		1,500
Acorns		1,000
Totaldonationspaidduringtheyear	243,400	430,400
Fundingcommittednotyetpaidcarriedforwardat31December2023
TheUniversityofSurrey	63,000
TheHorseTrust	47,400	94,800
ThePeople'sDispensaryforSickAnimals(PDSA)	15,000
HearingDogsfortheDeaf	15,000
Greatwood	15,000
BatterseaDogsandCatsHome	5,000
SocietyofProtectionofAnimalsAbroad(SPANA)	5,000
BlueCross	5,000
FourPaws	5,000
HarperAspreyWildlifeRescue	5,000
Thornberry	5,000
UniversityofGlasgow		30,000
DogsTrust		15,000
TotalFundingcommittednotyetpaid	185,400	139,800
TotalDonations	289,000	232,500

Professionalfeesandcharges	31.12.23	31.12.22
	£	£
Legalfees	43,480	40,966
Independentauditor'sfee-audit	9,546	9,091
Independentauditor'sfee-otherservices	6,101	5,806
Under/(over)accruedfees-audit	685	(147)
Other-Bankcharges	72	72
	59,884	55,788
Splitasfollows:-IncomeFund	29,942	27,894
-DesignatedCapitalFund	29,942	27,894
	59,884	55,788

FIXEDASSETINVESTMENTS
	Listed
	investments
MARKETVALUE
At1January2023	10,414,006
Additions	4,362,491
Disposals	(4,307,398)
Revaluations	435,345
At31December2023	10,904,444
NETBOOKVALUE
At31December2023	10,904,444
At31December2022	10,414,006

			31.12.23	31.12.22
			£	£
	Fundingcommittednotyetpaid(seeanalysisbelow)		185,400	92,400
	Creditorsandaccruals		31,850	26,126
			217,250	118,526
	Analysisoffundingcommittednotyetpaid
	TheUniversityofSurrey		63,000
	TheHorseTrust		47,400	47,400
	Greatwood		15,000
	HearingDogsforDeafPeople		15,000
	ThePeople'sDispensaryforSickAnimals(PDSA)		15,000
	BlueCross		5,000
	SocietyofProtectionofAnimalsAbroad(SPANA)		5,000
	BatterseaDogsandCatsHome		5,000
	HarperAspreyWildlifeRescue		5,000
	Thornberry		5,000
	FourPaws		5,000
	UniversityofGlasgow			30,000
	DogsTrust			15,000
			185,400	92,400
a	CREDITORS:AMOUNTSFAWNGDUEAFTERMORETHANONEYEAR
			31.12.23	31.12.22
	Analysisoffundingcommittednotyetpaid
	TheHorseTrust			47,400
a	MOVEMENTIslFUNDS
			Designated
		Income	Capital
		fund	fund	Total
		`£`	`£`	`£`
	Totalfundsbroughtforwardat1.1.23	354,804	10,448,471	10,803,275
	incomingresources	344,682		344,682
	Resourcesexpended
	-Investmentmanagementcosts		(57,601)	(57,601)
	-Donations	(289,000)		(289,000)
	-Other	(29,942)	(29,942)	(59,884)
	Gain/(Loss)eninvestments		435,346	435,346
	Totalfundscarriedforwardat31.12.23	380,544	10,796,274	11,176,818
	Movementhfundshyear	25,740	347,803	373,543

	31.12.23	31.12.22
	E	E
FinancialassetsatfairvaluethroughStatementofFinancialActivities
Investments	10,904,444	10,414,006
FinancialassetsthataredebtInstrumentsmeasuredatamortisedcost
Cashatbank	253,746	353,356
Financialliabilitiesmeasuredatamortisedcost
Creditors<1year	(217,250)	(118,526)
Creditors>1year		(47,400)

UniversityofBristol
Academi°mar
2012/13	46,875
2013/14	45,465
2014/15	55,(X)0
2015/16	31,000
2016/17	60,000
2017/18	64,000
2018/19	54,000
2019/20	7,000
2020/21	27,000
2021/22	44,000
2022/23	45,000
2023/24	151,000
	630,340
UniversityofGlasgow
Academicvear
2012/13	40,000
2013/14	50,000
2014/15	63,000
2015/16	61,000
2016/17	47,000
	261,000
UniversityofSurrey
Academicvear
2018/19	7,000
2019/20	7,000
2020/21	18,000
2021/22	49,000
2022/23	50,500
2023/24	63,000
	194,500
Totalbursariesawarded	1,085,840

	—Unrestricted	—Unrestricted	funds—
	Income	Fund	Designated CapitalFund	Totalfunds	Priorperiodtotal funds
	£		£	£	£
INCOMEANDENDOWMENTSFROM
Cashinvestments		9,798		9,798	1,396
Investmentincome	327,220			327,220	351,389
Sundryincome		7,664		7,664	33
Totalincomingresources	344,682			344,682	352,805
EXPENDITUREaI
Investmentmanagementcosts
Portfoliomanagement			57,601	57,601	60,209
Charitableactivities
Donations	289,000			289,000	232,500
Supportcosts
Finance
Bankcharges		%	3G	72	72
Govemaneecosts
Accountancyandlegalfees		29,906	29,906	59,812	55,716
Totalresourcesexpended	318,942		87,543	406,485	348,497
Netincome/(expenditure)beforegainsandlosses		25,740	(87,543)	(61,803)	4,308
Netgainsaninvestments			435,346	435,346	(1,492,702)
ImpairmentofassetsIDfairvalue
Netincome/(expenditure)		25,740	347,803	373,543	(1,488,394)