## ## |**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|