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2023-12-31-accounts
| 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 |