#
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|Trustees'
Annual
Report|1-7|
|---|---|
|Report ofthe Independent
Auditor|8-12|
|Statement of Financial Activities|13|
|Balance Sheet|14|
|Statement ofCash Flows|15-16|
|Principal Accounting
Policies|17—20|
|Notes tothe Financial Statements|21-31|
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##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||Total funds|Total funds|
||||||f|6|
|Cash flows from operating activities:|||||||
|Net cash provided by operating
activities|||||(696,779)|(671,995)|
|Cash flow from investing activities:|||||||
|Dividends,
interest and rents from investments|||||63,635|85,760|
|Purchase ofproperty,
plant and equipment|||||(287)|(3,304)|
|Proceeds from sale of investments|||||2,803,791|1,797,504|
|Purchase ofinvestments|||||(2,603,254)|(1,285,347)|
|Net cash from/(usedjin
investing
activities|||||263,885|594,613|
|Change
in cash and cash equivalents|in|the reporting||period|(432,894)|(77,382)|
|Cash and cash equivalents
at 31December 2021|||||539,415|616,797|
|Cash and cash equivalents
at 31December|||2022||106,521|539,415|
||||||2022|2021|
||||||Total funds|Total funds|
||||||6|6|
|Reconciliation ofnet income/(expenditure)|||to net|cash flow from|||
|operating activities:|||||||
|Net income for the reporting period|(asper the statement of||||||
|financial activities)|||||(1,974,698)|142,330|
|Adjustments
for:|||||||
|Depreciation|||||1,766|1,066|
|(Gains) on investments|||||1,298,317|(709,236)|
|Dividends,
interest, and rent from investments|||||(63,635)|(85,760)|
|Decrease in debtors|||||29,121|(45,430)|
|Decrease in creditors|||||12,350|25,035|
|Net cash provided (used in/ operating||activities|||(696779)|(671995)|
||||||2022|2021|
||||||Total funds|Total funds|
||||||t|E|
|Analysis ofcash and cash equivalents
Cash in hand|||||89,800|288,268|
|Cash awaiting
investment
Total cash and cash equivalents|||||16,721
106,521|251,147
539,415|
##
|||At 1January|Cash flow|At 31December|
|---|---|---|---|---|
|||2022||2022|
|||f.|6|6|
|Analysis ofchange in net debt|||||
|Cash in hand||288,268|(198,468)|89,800|
|Cash awaiting|investment|251,147|(234,426)|16,721|
|Total cash and|cash equivalents|539p415|(432,894)|106,521|
##
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##
|Donations
and|legacies|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|2022|Unrestricted|Restricted|2021|
|||funds
f|funds
f|Total
f|funds
f|funds
f|Total
f|
|Donation income:||||||||
|Individuals|||||427||427|
|Total voluntary|income||||427||427|
|Charitable
activities inco|me||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|2022|Unrestricted|Restricted|2021|
||funds
f|funds
f|Total
f|funds
f|funds
f|Total
f|
|Family Angels||10,000|10,000||||
|Food poverty project|||||88,760|88,760|
|Grants|||||||
|Charity development|||||||
|programmes|2,000||2,000|3,000||3,000|
|Total|2,000|10,000|12,000|3,000|88.760|91,760|
##
##
|Costs ofraising funds|Costs ofraising funds|Costs ofraising funds|Costs ofraising funds|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted||Restricted|Basis of|
||||||funds|funds|Total|funds|allocation|
||||||2022|2022|2022|2021||
||||||f|f||f||
|Investment||management||costs|45,072|45,072||53,300|Direct|
|Total|||||45,072|45,072||53,300||
|Charitable|activities||expenses|||||||
|||||Unrestricted|Restricted|2022
Unrestricted||Restricted|2021|
|||||funds
f|funds
f|Total
f|funds|funds|Total
f|
|Family Angels|||||17,859|17,859||||
|Food poverty||project||||||101,197|101,197|
|Grants (see|below)|||426,223||426,223
349,473|||349,473|
|Charity development||||||||||
|programmes||||262,862||262,862
240,883|||240,883|
|Total||||689,085|17,859|706,944
590,356||101,197|691,553|
|||||||Activities||Support||
|||||||undertaken||costs|Total|
|||||||directly
f||(note 9)|2022
f|
|Family Angels||||||17,859|||17,859|
|Food poverty||project||||||||
|Grants (See note 7)||||||400,723||25,500|426,223|
|Charity development|||programmes|||181,370||81,492|262,862|
|Total2022||||||599,952|106,992||706,944|
|||||||Activities|Support|||
|||||||undertaken||costs|Total|
|||||||directlyf|(note 9)||2021
f|
|Food poverty|project|||||84,523||16,674|101,197|
|Grants (See note 7)||||||327,315||22,158|349,473|
|Charity development|||programmes|||162,803||78,080|240,883|
|Total 2021||||||574,641|116,912||691,553|
##
|Notes to the|fina|nci|al statements|||
|---|---|---|---|---|---|
|Grants||||||
|||||2022|2021|
|||||E|E|
|Grants to institutions|by|project:||||
|Children
activities||||142,028|114,250|
|Community
pa rtnerships
Charity infrastructure
Financial
insecurity||||19,145
3,570
30,500|13,350
37,648
35,000|
|Food projects
Health and wellbeing||||6,200
83,650|3,000
87,438|
|Environmental
activities||||47,000||
|Homeless support
Social isolation||||67,630
1,000|11,111
25,518|
|||||400,723|327,315|
|||||2022|2021|
|||||E||
|Grants to institutions:||||||
|Grants greater than|E5,000|||||
|Wycombe
Homeless Connection
2nd Amersham
on the Hill Scout Group||||64,500|25,000|
|Linden gate
PACE||||25,000
25,000|25,000|
|Thames Hospice|||||25,000|
|Princes Trust||||20,9&6||
|Child Bereavement||||20,800||
|Citizens Advice||||20,000|25,000|
|Tall Ships
St Thomas'
Church|DCC Holtspur|||19,120|19,450
15,000|
|DEBRA||||16,000||
|Chiltern
Rangers
Buckinghamshire
Community|||Boards|15,000|13,350|
|Epilepsy Society
Heart of Bucks||||10,000
10,000||
|Action4youth
Peter Jones Foundation||||10,000
10,000|10,000
10,000|
|Maytree Suicide Respite
Helen & Douglas
House||Centre||10,000
10,000||
|Chiltern
Rangers||||10,000||
|Buckinghamshire
Culture
(BNU)||||10,000||
|Youth Concern Buckinghamshire||||10,000||
|Dogs Trust
The Furniture
Makers' Company|||||10,000
10,000|
|Transitions
UK|||||10,000|
|Woodrow
House|||||10,000|
|Outward
Bound|||||7,200|
|Restore Hope|||||7,000|
##
|Notes to the financial statements|||
|---|---|---|
|Been There||6,900|
|Inspire Bucks|6,050||
|Thomley
Hall Centre|5,500|5,200|
|Bucks Older People Action Group|5,000||
|Follyfoot
18Grants off2000tof5000(2020:11)|5,400
51,320|78,008|
|Other Grants under f2,000|21,047|15,207|
||400,723|327,315|
##
||||||Costs of||||
|---|---|---|---|---|---|---|---|---|
||||Charitable||raising|2022|2021||
||||activities|Governance|funds|Total|Total|Basis of|
||||f|f|f|f|f|allocation|
|Marketing|including||||||||
|website|||4,628|||4,628|18,154|Direct*|
|Promotional||projects|1,173|||1,173|572|Direct'|
|Grants|||400,723|||400,723|327,315|Direct'|
|Family Angels|||17,859|||17,859|||
|Food poverty||project|||||84,523|Direct*|
|Cost ofseminars|||10,954|||10,954|7,724|Directs|
|Employment||costs|219,827|||219,827|200,540|Staffing|
|Building costs|||21,725|||21,725|24,747|Direct*|
|Office costs|||5,057|||5,057|5,514|Staffing|
|Travel costs|||3,826|||3,826|2,381|Staffing|
|ITexpenses|||11,993|||11,993|11,672|Staffing|
|Depreciation|||1,766|||1,766|1,066|Direct*|
|Audit &accountancy||||6,870||6,870|7,290|Governance|
|Legal &professional|||375||45,072|45,447|53,323|Direct*|
|Bank charges|||168|||168|32|Staffing|
||||700,074|6,870|45,072|752,016|744,853||
##
##
|otal exp|enditure|includes:|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Auditors|remuneration:||||
||Audit services||6,870|6,450|
||Non-audit|services||840|
|Depreciation:|||||
||Tangible|fixed assets|1,766|1,066|
##
|Analysis|ofsu|pport c|osts||||||
|---|---|---|---|---|---|---|---|---|
||||||Admin &|Information||Total|
|||||Governance|Finance||Technology|2022|
|||||f|E|||E|
|Grants|||||25,500|||25,500|
|Charity|development||programmes|6,870|62,629||11,993|81,492|
|Total 2022||||6,870|88,129||11,933|106,992|
||||||Admin &||Information|Total|
|||||Governance|Finance||Technology|2021|
||||||E||E|E|
|Food poverty||projects|||16,674|||16,674|
|Grants|||||22,158|||22,158|
|Charity|development||programmes|7,290|59,118||11,672|78,080|
|Total 2021||||7,290|97,950||11,672|116,912|
|Basis ofallocation||||Direct|Direct||Direct||
|10|Employees||||||||
||||||2022||2021||
|||||||E||E|
|Wages|and salaries||||195,434||178,295||
|Social security||costs|||17,748||13,669||
|Pension|costs||||5,949||5,348||
|Staff training||&recruitment|||696||3,228||
||||||219,827||200,540||
##
||2022|2021|
|---|---|---|
||Number|Number|
|Employees|4|4|
##
##
|Tangible fixed assets||||
|---|---|---|---|
||Fixtures,|Computer|Total|
||Fittings &|Equipment||
||Office|&Software||
||Equipment|||
||f|||
|Cost||||
|At 1January 2022|2,410|3,707|6,117|
|Additions|287||287|
|At 31December 2022|2,697|3,707|6,404|
|Depreciation||||
|At 1January 2022|884|680|1,564|
|Charge for year|530|1,236|1,766|
|At 31December 2022|1,414|1,916|3,330|
|Net book value||||
|At 1January 2022|1,526|3,027|4,553|
|At 31December 2022|1,283|1,791|3,074|
##
##
|14|Debtors|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||f|f|
||Trade debtors|||||||||
||Prepayments|||||||5,789|2,943|
|||||||||5,789|2,943|
|14a|Social Investment|loans||||||||
|||||||||2022|2021|
|||||||||f|f|
||Social investment|loans||||||41,406|73,373|
|||||||||41,406|73,373|
||Included
in the total||above,|f14,000(2021:f41,406) is due||in greater than||1year.||
||The social investment||loans|are interest|free and repayable|over|up to 36|months.||
|15|Investment
assets|||||||||
||All investment
assets are held primarily||||to provide an investment||return.|||
|||||||||2022
f|2022f|
||Quoted investments||||||5,411,071||6,909,925|
||Cash awaiting
investment|||||||16,721|251,147|
||||||||5,427,792||7,161,072|
||Market value at 1|January 2021|||||6,909,925||6,712,836|
||Additions
at cost||||||2,603,254||1,285,347|
||Disposal proceeds||||||(2,803,791)||(1,797,596)|
||Investment
gains||||||(1,298,317)||709,338|
||Market value at 31||December 2022||||5,411,071||6,909,925|
||Historic cost of investments|||as at 31December 2022|||4,843,256||4,977,081|
##
|Investments|at market value|at market value|comprised|2022|2021|
|---|---|---|---|---|---|
|||||f|E|
|Bonds||||889,422|909,689|
|Gold and precious metal||||169,378|208,797|
|Private equity||||560,752|544,162|
|Property||||249'212|264,840|
|Equities|||3,542,308||4,982,437|
|Cash||||16,721|251,147|
|Total|||5,427'792||7,161,072|
|All investments|are|held within|the UK and at 31December 2022 investment|holdings|in excess of53S|
|ofthe total portfolio were as follows:||||||
|||||2022|2021|
|Vanguard
FTSE UK||All Share Index||7.313S|-'Yo|
|Scottish Mortgage||Investment|Trust|-3S|5.289o|
|Creditors: amounts||falling due|within one year|||
|||||2022|2021|
|||||E|E|
|Trade creditors||||2,409|3,829|
|Accruals||||95,259|80,447|
|Social security|and other taxes|||5,561|5,284|
|Other creditors||||1,030|2,349|
||||104,259||91,909|
##
##
##
##
|Minimum
lea|se|payments
fall due as follows:|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Other operating||leases|||
|Due in 1year|||19,500|19,500|
|Due between|2|to 5years|43,875|63,375|
##
|Notes to the financial stat|Notes to the financial stat|ements|||
|---|---|---|---|---|
|Fund movements
summary|||||
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||(note 19)
f|(note 20)
f|funds|
|At 1January 2022||7,438,300||7,438,300|
|Incoming resources||65,635|30,000|95,635|
|Expenditure||(734,157)|(17,859)|(752,016)|
|Transfer from general|fund|(20,000)|20,000||
|Unrealised
gain||(1,298,317)||(1,298,317)|
|At 31December 2022||5,451,461|12,141|5,463,602|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||(note 19)f|(note 20)
f|funds
f|
|At 1January 2021||7,295,970||7,295,970|
|Incoming resources||89,187|88,760|177,947|
|Expenditure||(643,656)|(101,197)|(744,S53)|
|Transfer from general|funds|(12,437)|12,437||
|Unrealised
gain||709,236||709p236|
|At 31December 2021||7p438,300||7,43S,300|
|Unrestricted
funds|||||
|||General|Unrealised|Total|
|||undesignated|revaluation|unrestricted|
|||fundsf|reserve
f|funds|
|At 1January 2022||5,255,979|2,182,321|7,438,300|
|Incoming resources||65,635||65,635|
|Expenditure||(734,157)||(734,157)|
|Transfer from general|fund|(20,000)||(20,000)|
|Net income from investment|||(1,298,317)|(1,298,317)|
|At 31December 2022||4,567,457|884,004|5,451,461|
##
##
||||General|Unrealised|Total|
|---|---|---|---|---|---|
|||undesignated||revaluation|unrestricted|
||||funds
6|reservef|funds|
|At 1January 2021|||5,822,885|1,473,085|7p295,970|
|Incoming resources|||89,187||89,187|
|Expenditure|||(643,656)||(643,656)|
|Transfer from general fund|||(12,437)||(12,437)|
|Net income from investment||||709,236|709,236|
|At 31December 2021|||5,255,979|2,182,321|7,438,300|
|Restricted funds||||||
||Balance at||Transfer from||Balance at|
||1January||General||31December|
||2022|Incoming|funds|Outgoing|2022|
||||6||6|
|Family Angels||10,000|20,000|(17,859)|12,141|
|||10,000|20,000|(17,859)|12,141|
##
||||Balance at||Transfer from||Balance at|
|---|---|---|---|---|---|---|---|
||||1January||General||31December|
||||2021
6|Incoming
f|funds
6|Outgoing|2021
6|
|Food|Poverty|Project||88,760|12,437|(101,197)||
|||||88,760|12,437|(101,197)||
##
##
##
##
##