EDWARD SMART CHARITABLE TRUST REGISTERED CHARITY NO: 1126892 ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023
| Page | |
|---|---|
| Trustees’Report | 1-3 |
| IndependentExaminer'sReport | 4 |
| StatementofFinancialActivities | 5 |
| Balancesheet | 6 |
| NotestotheFinancialStatements | 7-12 |
| CharityName | TheEdwardSmartCharitableTrust | |
|---|---|---|
| RegisteredCharityNo | 1126892 | |
| GoverningInstrument | - | WillofEdwardKennethSmart,whodiedon13July2007 |
| Trustees | MrDavidSwanson | |
| SGKleinwortHambrosTrustCompany(UK)Limited | ||
| DirectorsofSGKleinwortHambros | Rachellles | |
| TrustCompany(UK)Ltd | GeorgeRyan | |
| DavidBromley | ||
| DelythRichards | ||
| PrincipalOffice | OneBankStreet,CanaryWharf,LondonE144SG | |
| BankersandInvestmentManagers | SGKleinwortHambrosTrustCompany(UK)Limited | |
| OneBankStreet,CanaryWharf,LondonE144SG | ||
| IndependentExaminers | SamanthaRouseFCCADChA,KrestonReevesLLP | |
| 37StMargaret'sStreet,Canterbury,KentCT12TU |
| Note | Unrestricted | Expendable | Expendable | Total | Total | |
|---|---|---|---|---|---|---|
| Fund | Endowment | 2023 | 2022 | |||
| £ | £ | £ | £ | |||
| IncomeandEndowments | ||||||
| Investments: | ||||||
| InvestmentIncome | 2 | 37,029.99 | - | 37,029.99 | 34,990.12 | |
| TotalIncomeandEndowments | 37,029.99 | - | 37,029.99 | 34,990.12 | ||
| Expenditure | ||||||
| Costofraisingfunds: | ||||||
| SGKHInvestment | ; | |||||
| ManagementFee | 5 | - | 17,437.20 | 17,437.20 | 18,739.70 | |
| Expenditureoncharitableactivities: | ||||||
| Donations | 3 | 10,882.95 | - | 10,882.95 | 31,541.43 | |
| SupportCosts | 6 | 4,160.00 | 13,320.00 | 17,480.00 | 15,174.00 | |
| TotalExpenditure | (15,042.95) | (30,757.20) | (45,800.15) | (65,455.13) | ||
| NetExpenditure | 21,987.04 | (30,757.20) | (8,770.16) | (30,465.01) | ||
| Transferbetweenfunds | (21,987.04) | 21,987.04 | - | = | ||
| Expenditurebeforegains/(losses)on | - | (8,770.16) | (8,770.16) | (30,465.01) | ||
| investments | ||||||
| Gains/(Losses)onInvestments | ||||||
| Realised(Losses)/Gains | 7 | - | (16,854.38) | (16,854.38) | 21,084.81 | |
| Unrealised(Losses)/Gains | 7 | - | (75,979.71) | (75,979.71) | 24,671.10 | |
| Profit/(Losses)onForeignExchange | - | 126.86 | 126.86 | (165.41) | ||
| - | (92,707.23) | (92,707.23) | 45,590.50 | |||
| NetMovementinFundsintheYear | - | (101,477.39) | (101,477.39) | 15,125.49 | ||
| Funds | ||||||
| At5April2022 | - | 1,042,881.49 | 1,042,881.49 | 1,027,756.00 | ||
| NetMovementofResourcesintheYear | - | (101,477.39) | (101,477.39) | |||
| At5April2023 | - | 941,404.10 | 941,404.10 | 1,042,881.49 | ||
| Alloperationsarecontinuing. | ||||||
| TheStatementofFinancialActivitiesincludes | allgains and losses | recognisedintheyear. | ||||
| Allincomeandexpenditurederivesfrom | continuingactivities. |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FixedAssets | |||||
| Investments | 931,734.91 | 1,053,052.79 | |||
| CurrentAssets | |||||
| Debtors | 411.08 | 163.42 | |||
| CashatBank | 30,453.12 | 9,386.46 | |||
| 30,864.20 | 9,549.88 | ||||
| CurrentLiabilities | |||||
| Creditors,amountsfallingdue | |||||
| withinoneyear | 21,195.01 | 19,721.18 | |||
| NetCurrentAssets | 9,669.19 | (10,171.30) | |||
| AssetslessCurrentLiabilities | 941,404.10 | 1,042,881.49 | |||
| CapitalFund | |||||
| ExpendableEndowment | 12 | 941,404.10 | 1,042,881.49 | ||
| IncomeFund | |||||
| UnrestrictedFund | 12 | ||||
| 941,404.10 | 1,042,881.49 |
| a | Digitallysigned byBradley WALDEN Date:2024.01.26 |
Casa | Digitallysigned byScottRICE Date: 2024.01.26 |
|---|---|---|---|
| 09:08:48Z | 11:53:56Z |
| 4 | SupportCosts | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| CorporateTrustee's Fee | 13,320.00 | 13,320.00 | |
| 13,320.00 | 13,320.00 | ||
| 5 | RaisingFunds | ||
| SGKleinwortHambrosInvestmentManagementFees | 17,437.20 | 18,739.70 | |
| 17,437.20 | 18,739.70 | ||
| 6 | GovernanceCosts | ||
| Independent Examination | 1,860.00 | 1,800.00 | |
| PriorYearIndependentExaminationAdjustment | - | 54.00 | |
| BDOLLP | 2,300.00 | - | |
| 4,160.00 | 1,854.00 | ||
| 7 | Investments | ||
| 2023 | 2022 | ||
| £ | £ | ||
| MarketValueBroughtForward | 990,305.48 | 1,023,746.48 | |
| Purchases | 404,960.61 | 268,624.02 | |
| Disposals | (405,901.52) | (347,820.93) | |
| 989,364.57 | 944,549.57 | ||
| Realised(Losses)/Gains | (16,854.38) | 21,084.81 | |
| Unrealised(Losses)/Gains | (75,979.71) | 24,671.10 | |
| Market Value | 896,530.48 | 990,305.48 | |
| CashonSGKleinwortHambrosAccount | 35,204.43 | 62,747.31 | |
| TotalInvestments | 931,734.91 | 1,053,052.79 |
| 8 | Debtors | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| TaxRepaymentDue-HMRevenue&Customs | 411.08 | 163.42 | |
| 411.08 | 163.42 | ||
| 9 | Creditors,amountsfallingduewithinoneyear | 2023 | 2022 |
| £ | £ | ||
| SGKHTrusteeFees | 13,320.00 | 13,320.00 | |
| IndependentExaminer'sfees | 3,660.00 | 1,800.00 | |
| SGKHBankLimited | 4,215.01 | 4,601.18 | |
| 21,195.01 | 19,721.18 |
| 11ComparativeStatementofFinancialActivities | ||||
|---|---|---|---|---|
| Unrestricted | Expendable | Total | ||
| Fund | Endowment | 2022 | ||
| £ | £ | £ | ||
| IncomeandEndowments | ||||
| Investments: | ||||
| InvestmentIncome | 34,990.12 | - | 34,990.12 | |
| TotalIncome ; |
34,990.12 | - | 34,990.12 | |
| Expenditure | ||||
| Costofraisingfunds: | ||||
| SGKHInvestment | ||||
| ManagementFee | - | (18,739.70) | (18,739.70) | |
| Expenditureoncharitableactivities: | ||||
| Donations | (31,541.43) | - | (31,541.43) | |
| SupportCosts | (1,854.00) | (13,320.00) | (15,174.00) | |
| TotalExpenditure | (33,395.43) | (32,059.70) | (65,455.13) | |
| NetExpenditurebeforegainsoninvestments | 1,594.69 | (32,059.70) | (30,465.01) | |
| Netgains/(losses)oninvestments | - | 21,084.81 | 21,084.81 | |
| UnrealisedGains | - | 24,671.10 | 24,671.10 | |
| Foreignexchange(loss) | - | (165.41) | (165.41) | |
| NetExpenditure | - | 1,594.69 | 13,530.80 | 15,125.49 |
| Transferbetweenfunds | (1,594.69) | 1,594.69 | - | |
| NetMovementinFundsintheYear | - | 15,125.49 | 15,125.49 | |
| Funds | ||||
| At5April2021 | - | 1,027,756.00 | 1,027,756.00 | |
| NetMovementofResourcesintheYear | - | 15,125.49 | 15,125.49 | |
| At5April2022 | = | 1,042,881.49 | 1,042,881.49 |
| 12 | AnalysisofNetAssetsBetweenFunds | Unrestricted | Expendable | Total | |
|---|---|---|---|---|---|
| Fund | Endowment | ||||
| Fund | |||||
| 2023 | £ | £ | £ | ||
| Investments | - | 931,734.91 | 931,734.91 | ||
| Currentassets | 3,660.00 | 27,204.20 | 30,864.20 | ||
| Currentliabilities | (3,660.00) | (17,535.01) |
(21,195.01) | ||
| - | 941,404.10 | 941,404.10 | |||
| 2022 | £ | £ | £ | ||
| Investments | - | 1,053,052.79 | |||
| Currentassets | 1,800.00 | 7,749.88 | 9,549.88 | ||
| Currentliabilities | (1,800.00) | (17,921.18) |
(19,721.18) | ||
| - | 1,042,881.49 | 1,042,881.49 |