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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent
Auditors|5|to|8|
|Statement ofFinancial Activities||||
|Balance Sheet||10||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||12||
|Notes tothe Financial Statements|13|io|20|
|Detailed Statement ofFinancial Activities|21|to|22|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|funds
f|funds
f|funds
F|funds|
|INCOME AND|ENDOWMENTS|FROM||||||
|Donations
and|legacies||2|1,000||1,000|430|
|Other trading
activities|||3|269||269|523|
|Investment
income|||4|286,291||286,291|270,932|
|Other income||||749975||749 975||
|Total||||1,037,535||1,037,535|271,885|
|EXPENDITURE|ON|||||||
|Raising funds|||5|(10,759)||(10,759)|(10,628)|
|Charitable
activities|||6|||||
|The Sandhurst|Collection|||12,348||12,348|32,037|
|General
sundry|grants|||180,002||180,002|137,829|
|Depreciation
on|asset used for charitable|||||||
|purposes||||720||720|847|
|SQM Infrastructure
grants||||412 071||412,071|380,810|
|Total||||594,382||594 382|540 895|
|Net gains/(losses)
on investments||||~373838||~3738381|784751|
|NET INCOME||||69,315||69,315|515,741|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought
forward||||9,874,595||9,874,595|9,358,854|
|TOTAL FUNDS|CARRIED FORWARD|||9,943,910||9.943,919|9 874 595|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restncted|Total|Total|
|||funds|funds|funds|funds|
||Notes|6|F|6||
|FIXEDASSETS||||||
|Tangible assets
Investments|11
12|4,077
9889715||4,077
9 88~ 715|4,797
9 826,768|
|||9,893,792||9,893,792|9,831,565|
|CURRENT ASSETS||||||
|Prepayments
and accrued income||79,232||79,232|76,203|
|Cash
in hand||83241||83241|53619|
|||162,473||162,473|129,822|
|CREDITORS||||||
|Amounts
falling due within one year|13|(112,355)||(112,355)|(86,792)|
|NET CURRENT ASSETS||50,118||50,118|43,030|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||9,943,910||9,943,910|9,874,595|
|NET ASSETS||9,943,910|—|9,943,910|9874,595|
|FUNDS|14|||||
|Unrestricted
funds||||9,943,910|9,874,595|
|TOTAL FUNDS||||9943910|9,874,595|
##
||||2023|2022|
|---|---|---|---|---|
|||Notes|6|6|
|Cash flows from operating|activities||||
|Cash generated
from operations||1|183,046|~485,794)|
|Net cash provided
by/(used|in) operating|activities|183,046|~485,794)|
|Cash flows from investing|activities||||
|Purchase offixed asset investments
Sale offixed asset investments
Cash deposits (increase)/decrease
Interest received|||(300,000)
(136,785)
4,447|(1,892)
300,000
(87,646)
17|
|Dividends
received|||278,914|271 223|
|Net cash (used in)/provided|by investing|activities|~753424)|481,702|
|Change
in cash and cash|equivalents||||
|in the reporting
period|||29,622|908|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||53619|52,711|
|Cash and cash equivalents|at the end||||
|ofthe reporting
period|||83,241|53.619|
##
|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|
||||2023|2022|
|Net income for the|reporting|period (as per the Statement of|||
|Financial Activities)|||69,315|515,741|
|Adjustments
for:|||||
|Depreciation
charges|||720|847|
|Losses/(gain)
on investments|||373,838|(784,751)|
|Interest received|||(4,447)|(17)|
|Dividends
received|||(278,914)|(271,223)|
|(Increase)/decrease|in debtors||(3,029)|30,022|
|Increase
in creditors|||25,563|28,587|
|Net cash provided|by/(used|in) operations|183,046|~480,794)|
##
##
|ANALYSIS OF CHANGES
IN NET FUNDS||||
|---|---|---|---|
||At 1.4.22|Cash flow|At 31.3.23|
|||6|6|
|Net cash||||
|Cash at bank and in hand|53,619|29622|83241|
||53,619|29,622|83,241|
|Total|53,619|29,622|83,241|
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|2.|DONATIONS|AND LEGACIES|AND LEGACIES|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||||F|
||Donations|||||1 000|430|
|3.|OTHER TRADING ACTIVITIES|||||||
|||||||2023|2022|
|||||||6|6|
||Sandhurst
Collection sales|||||269|33|
||Sandhurst
book sales||||||490|
|||||||269|523|
|4.|INVESTMENT|INCOME||||||
|||||||2023
f|2022
5|
||CCLA investment
income|||||281,015|270,915|
||Deposit account interest|||||5,276|17|
|||||||~286 291|270,932|
|5.|RAISING FUNDS|||||||
||Investment
management||costs|||||
|||||||2023|2022|
|||||||6|F|
||Porffolio management|||||(10,759)|(10,628)|
|6.|CHARITABLE|ACTIVITIES COSTS||||||
|||||Grant||||
|||||funding|of|||
|||||activities||Support||
|||||(see note||costs (see||
|||||7)||note 8)|Totals|
|||||6||F|F|
||The Sandhurst|Collection||6,672||5,676|12,348|
||General sundry|grants||167,590||12,412|180,002|
||Depreciation
on asset used||for|||||
||charitable
purposes|||||720|720|
||SQM Infrastructure
grants|||~412071|||412,071|
|||||586,333||18,808|605,141|
##
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|||2023|2022|
|---|---|---|---|
|The Sandhurst|Collection|6,672|26,502|
|General sundry|grants|167,590|97,527|
|SQM Infrastructure
grants||412071|380,810|
|||586,333|504,839|
##
##
||||||||Governance||
|---|---|---|---|---|---|---|---|---|
|||||||Finance|costs|Totals|
||||||||f|5|
|The Sandhurst
Collection|||||||5,676|5,676|
|General|sundry
grants|||||20|12,392|12,412|
|Depreciation||on asset||used for|||||
|charitable|purposes||||||720|720|
|||||||20|18,788|18808|
|Support costs, included||||in the above, are as follows:|||||
|Governance||costs|||||||
||||||||2023|2022|
|||||||Depreciation|||
|||||||on asset|||
|||||The|General|used for|||
|||||Sandhurst|sundry|charitable|Total|Total|
|||||Collection
f|grants
f|purposes|activities|activities
f|
|Auditors'|remuneration||||4,620||4,620|4,770|
|Auditors'|remuneration||||||||
|for non audit||work|||5,400||5,400|5,520|
|Insurance||||5,676|||5,676|5,535|
|Printing,|stationery||&||||||
|postage|||||140||140||
|Depreciation||oftangible|||||||
|fixed assets||||||720|720|847|
|Sage support||costs|||2,232||2,232|1,847|
|||||5,676|12392|720|18788|18,521|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||8|F||
|INCOME AND|ENDOWMENTS|FROM||||
|Donations
and|legacies||430||430|
|Other trading
activities|||523||523|
|Investment
income|||270,932||270,932|
|Total|||271,885||271,885|
|EXPENDITURE|ON|||||
|Raising funds|||(10,628)||(10,628)|
|Charitable
activities||||||
|The Sandhurst|Collection||32,037||32,037|
|General sundry|grants||137,829||137,829|
|Depreciation
on|asset used for|charitable||||
|purposes|||847||847|
|SQM Infrastructure
grants|||380,810||380,810|
|Total|||540,895||545 895|
|Net gains on investments|||784 751||784751|
|NET INCONIE|||515,741||515,741|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
forward|||9,358,854||9,358,854|
|TOTAL FUNDS|CARRIED FORWARD||9874 595||9,874,595|
##
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|TANGIBLE FIXEDASSETS|||
|---|---|---|
|||Plant and|
|||machinery|
|||6|
|COST|||
|At 1st April 2022 and 31st March 2023||12717|
|DEPRECIATION|||
|At 1st April 2022||7,920|
|Charge for year||720|
|At 31st March 2023||8,640|
|NET BOOK VALUE|||
|At 31st March 2023||4,077|
|At 31stMarch 2022||4,797|
|FIXEDASSET INVESTMENTS|||
||2023|2022|
|||6|
|Shares|9,652,773|9,726,612|
|Other|236,942|100,156|
||9889715|9820,700|
|Additional
information
as follows:||||
|---|---|---|---|
||CCLA|Minority||
||Listed|interests||
||Investments|share|Totals|
|||F|f|
|MARKET VALUE||||
|At 1st April 2022|10,751,038|(1,024,426)|9,726,612|
|Additions
Revaluations|299,999
~4)2,230)|-
384DD|299,999
~373830|
|At 31stMarch 2023|1D,638,799|~900020)|9 052 773|
|NET BOOK VALUE||||
|At 31st March 2023|10,038,799|~086,020)|9,002,773|
|At 31st March 2022||||
##
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##
||||||||||||2023
f|2022
f|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||COLA cash deposits||||||||||236,942|100,156|
|13.|CREDITORS: AMOUNTS||||FALLING DUE WITHIN ONE||||YEAR||||
||||||||||||2023|2022|
||||||||||||f|f|
||Minority|interests - dividends||||&interest due|||||101,836|76,622|
||Accrued|expenses|||||||||10,519|10,170|
||||||||||||112355|86792|
|14.|MOVEMENT||IN FUNDS||||||||||
||||||||||||Net||
||||||||||||movement|At|
||||||||||At|1.4.22
f|in funds
f|31.3.23
f|
||Unrestricted||funds||||||||||
||General|fund|||||||9,874,595||69,315|9,943,910|
||TOTAL|FUNDS|||||||9 874 595||69,315|9,943,910|
||Net movement||in funds,|included|||in the above|are as follows:|||||
|||||||||Incoming|Resources||Gains and|Movement|
|||||||||resources|expended
f||losses
f|in funds
f|
||Unrestricted||funds||||||||||
||General|fund|||||1,037,535||(594,382)||(373,838)|69,315|
||TOTAL|FUNDS|||||1|037635|~594,382||~373838,
69,315||
||Comparatives||for movement|||in|funds||||||
||||||||||||Net||
||||||||||||movement|At|
||||||||||At|1.4.21|in funds
f|31.3.22
f|
||Unrestricted||funds||||||||||
||General|fund|||||||9,358,854||515,741|9,874,595|
||TOTAL|FUNDS|||||||9,358,854||515741|9874595|
##
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##
|Comparative|net movement
in fu|nds,
included
in the abov|e are as follows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended
f|losses
f|in funds
f|
|Unrestricted|funds|||||
|General fund||271,885|(540,895)|784,751|515,741|
|TOTAL FUNDS||271,885|f5540,895|784,751|515,741|
|A curren|t yea|r 12 months and prior year|12months combined
position is|as follows:||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.21
f|in funds
f|31.3.23|
|Unrestricted||funds||||
|General|fund||9,358,854|585,056|9,943,910|
|TOTAL|FUNDS||9,358,854|585D56|9943910|
|A current yea
above are as|r 12 months
and p
follows;|rior year 12 months
com|bined
net movem|ent
in funds,
i|ncluded
in t|
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources
F|expended
f|losses
f|in funds
f|
|Unrestricted|funds|||||
|General fund||1,309,420|(1,135,277)|410,913|585,056|
|TOTAL FUNDS||1,309,420|~7,1352771|410913|585,D56|
##
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##
|||||2023|2022|
|---|---|---|---|---|---|
|||||5|5|
|INCOME AND ENDOWMENTS||||||
|Donations and legacies||||||
|Donations||||1,000|430|
|Other trading activities||||||
|Sandhurst
Collection|sales|||269|33|
|Sandhurst
book sales|||||490|
|||||269|523|
|Investment
income||||||
|CCLA investment
income||||281,015|270,915|
|Deposit account interest||||5,276|17|
|||||286,291|270,932|
|Other income||||||
|Other income Kingdom||of Bahrain||449,975||
|Other income RMAS||||300000||
|||||749,975||
|Total incoming resources||||1,037,535|271,885|
|EXPENDITURE||||||
|Investment
management|||costs|||
|Porffolio management||||(10,759)|(10,628)|
|Charitable
activities||||||
|Grants to supported|causes|||586,333|504,839|
|Support costs||||||
|Finance||||||
|Bank charges||||20||
|Other||||||
|Loan write off|||||28,163|
|Governance costs||||||
|Auditors'
remuneration||||4,620|4,770|
|Auditors'
remuneration||for|non audit work|5,400|5,520|
|Insurance||||5,676|5,535|
|Printing,
stationery|&postage|||140|2|
|Carried forward||||15,836|15,827|
##
##
||||2023|2022|
|---|---|---|---|---|
||||F||
|Governance costs|||||
|Brought forward|||15,836|15,827|
|Plant and machinery|||720|847|
|Sage support costs|||2,232|1,847|
||||18,788|18521|
|Total resources expended|||594,382|540,895|
|Net income/(expenditure)||before gains|||
|and losses|||443,153|(269,010)|
|Realised recognised|gains and losses||||
|Realised gains/(losses)|on|fixed asset|||
|investments||||8,863|
|Net income/(expenditure)|||443,153|~258,747|