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