| CONTENTS | Page |
|---|---|
| Legal and administrative information | 1 |
| Trustees’report | 2 |
| Independent auditor's report | 5 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10-15 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | ||
| Note | £ | £ | £ | £ | |
| INCOME | |||||
| Donations and legacies | 3,412 | 20,700 | 224,112 | 303,578 | |
| Investments | 111,695 | 111,695 | 109,142 | ||
| Total income | 315,107 | 20,700 | 335,807 | 412,720 | |
| EXPENDITURE | |||||
| Charitable expenditure | 408,861 | 408,861 | 322,471 | ||
| Total expenditure | 408,861 | 408,861 | 322,471 | ||
| Net (expenditure)/income before | (93,754) | 20,700 | (73,054) | 90,249 | |
| investment galns/(losses) | |||||
| GairV(loss) on investments | 305,843 | 305,843 | (497,397) | ||
| Net income and movement infunds | 212,089 | 20,700 | 232,789 | (407,148) | |
| Fund balances at 1 January 2023 | 3,933,358 | 3,933,358 | 4,340,506 | ||
| Fund balances at 31 December 2023 | 4,145,447 | 20,700 | 4,166,147 | 3,933,358 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | £ £ | |
| FIXED ASSETS | ||||
| Investments | 10 | 4,067,065 | 3,762,308 | |
| CURRENT ASSETS | ||||
| Debtors | 11 | 24,282 | 24,282 | |
| Cash at bank and in hand | 98,929 | 170,591 | ||
| 123,211 | 194,873 | |||
| Creditors: amounts falling due within | ||||
| one year | ||||
| Other creditors | 12 | (24,129) | (23,823) | |
| Net current assets | 99,082 | 171,050 | ||
| Total net assets | 4,166,147 | 3,933,358 | ||
| INCOME FUNDS | ||||
| Represented by: | ||||
| Unrestricted funds | 4,415,447 | 3,933,358 | ||
| Restricted funds | 20,700 | |||
| 4,166,147 | 3,933,358 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Cash flows from operating activities | |||||
| Cash absorbed by operations | 14 | (164,342) | (12,356) | ||
| Investing activities | |||||
| Dividends and interest received from Investments | 111,695 | 109,142 | |||
| Investmentdisposals | 985 | 1,022 | |||
| Net cash generated from investing activities | 112,680 | 110,164 | |||
| Net (decrease)/increase in cash and cash | (71,662) | 97,808 | |||
| equivalents | |||||
| Cash and cash equivalents at beginning of year | 170,591 | 72,763 | |||
| Cash and cash equivalents at the end of year | 15 | 98,929 | 170,591 |
| 1.7 | Debtors |
|---|---|
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. | |
| Prepayments are valued at the amount prepaid net of any trade discounts due. | |
| 1.8 | Creditorsand provisions |
| Creditors and provisions are recognised where the charity has a present obligation resulting from a | |
| past event that will probably result in the transfer of funds to a third party and the amount due to settle | |
| the obligation can be measuredor estimated reliably. |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Grant from The Burdett Trust for Nursing | 200,000 | 300,000 | |
| Other donations and legacies | 24,112 | 3,578 | |
| 224,112 | 303,578 | ||
| 3. | Investments | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Income from listed investments | 111,695 | 109,142 | |
| 111,695 | 109,142 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Grant funding of activities (see note 5) | 316,542 | 253,010 |
| Support costs (see note 6) | 87,339 | 65,561 |
| Governance costs (see note6) | 4,980 | 3,900 |
| 408,861 | 322,471 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Grants to individuals | 299 | grants (2022:296 | grants) | 316,542 | 253,010 |
| **Support ** | Governance | 2023 | |
|---|---|---|---|
| Costs | Costs | ||
| £ | £ | £ | |
| 2023: | |||
| General administration fees | |||
| Sundry expenses | 5,300 | 5,300 | |
| Consultancy fees | 2,232 | 2,232 | |
| Audit fees | 4,980 | 4,980 | |
| Trust admin fees | 79,807 | 79,807 | |
| 87,339 | 4,980 | 92,319 | |
| **Support ** | Governance | 2022 | |
| Costs | Costs | ||
| 2022: | £ | £ | |
| General administration costs | |||
| Sundry expenses | 3,084 | 3,084 | |
| Consultancy fees | 1,127 | 1,127 | |
| Audit fees | 3,900 | 3,900 | |
| Trust admin fees | 61,350 | 61,350 | |
| 65,561 | 3,900 | 69,461 |
| 8 | Employees | ||
|---|---|---|---|
| There were no employees during the year (nil in 2022) | |||
| 9. | Net gains/(losses) on investments | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Unrealised gains and losses on investments | 305,742 | (497,523) | |
| Realised gains and losses on investments | 101 | 126 | |
| Net gain/(loss) on investments | 305,843 | (497,397) | |
| **10. ** | Fixed asset investments | ||
| Listed | |||
| Investments | |||
| £ | |||
| Valuation | |||
| At 31 December2022 | 3,762,308 | ||
| Unrealised gain in the year | 305,742 | ||
| Disposals | (985) | ||
| At 31 December2023 | 4,067,065 | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Historic cost of investments | 2,241,727 | 2,243,949 | |
| **11. ** | Debtors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Investment income accrued | 24,282 | 24,282 | |
| 24,282 | 24,282 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accruals | 24,129 | 23,823 |
| 24,129 | 23,823 | |
| Reconciliation of grant creditor | ||
| 2023 | 2022 | |
| £ | £ | |
| Opening grant creditor | ||
| Grants authorised in the year | 316,542 | 253,010 |
| Grants paid in the year | (316,542) | (253,010) |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Surplus/(deficit) for the year | 232,789 | (407,148) |
| Adjustments for: | ||
| Investment income recognised in the statement of | (111,695) | (109,142) |
| financial activities | ||
| Unrealised gain/(loss) on investments | (305,742) | 497,523 |
| Increase in debtors | (17) | |
| Increase in creditors | 306 | 6,427 |
| Cash used in operations | (184,342) | (12,356) |
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Cash at bank and in hand | 98,929 | 170,591 | ||
| Analysis of changes in net funds | ||||
| 1 | **January ** | **Cash-flows ** | 31 December | |
| 2023 | 2023 | |||
| £ | £ | £ | ||
| Cash at bank and in hand | 170.591 | 71,660 | 98,929 | |
| 170.591 | 71,660 | 98,929 |
| **1 ** | January | 31 | |||
|---|---|---|---|---|---|
| December | |||||
| 2023 | **Income ** | Expenditure | 2023 | ||
| £ | £ | £ | £ | ||
| Restricted funds | |||||
| Legacies | 20,700 | - | 20,700 | ||
| Total | 20,700 | - | 20,700 |
| Unrestricted | Restricted | 2023 | |
|---|---|---|---|
| funds | Funds | Total funds | |
| £ | £ | £ | |
| Investments | 4,067,065 | 4,067,065 | |
| Current assets | 102,511 | 20,700 | 123,211 |
| Liabilities | (24,129) | (24,129) | |
| Total net assets | 4,145,447 | 20,700 | 4,166,147 |