| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Notes to the financial | statements |
| Registered | charity | name | William Kenneth |
William Kenneth |
Hutchings | Charitable | Trust |
|---|---|---|---|---|---|---|---|
| Charity registration | number | 1136841 | |||||
| Principal office | Herfford House | ||||||
| Southernhay | Gardens | ||||||
| Exeter | |||||||
| EX1 1NP | |||||||
| The trustees | J Hawkins | ||||||
| CP Marshall | |||||||
| G Marshall | |||||||
| Independent | examiner | Mrs SLWatts | FCCA DChA | ||||
| Westcotts | |||||||
| TC Cranmere | Road | ||||||
| Dkehampton | |||||||
| Devon | |||||||
| EX20 1UE |
| Year ended 30June 202 | 3 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Endowment | |||||
| funds | funds | Total funds | Total funds | |||
| Note | 6 | E | E | |||
| Income and endowments Investment income |
4 | 26,023 | 26,023 | 23,289 | ||
| Total income | 26,023 | 26,023 | 23,289 | |||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Costs ofraising donations and legacies Investment management costs Expenditure on charitable activities |
5 6 7 |
78 6,330 24,204 |
78 6,330 24,204 |
78 6,735 20,173 |
||
| Total expenditure | 30,612 | 30,612 | 26,986 | |||
| Net gains/(losses) on investments |
9 | (3,661) | (3,661) | (38,340) | ||
| Net expenditure | (8,250) | (8,250) | (42,037) | |||
| Transfers between funds |
721 | (721) | ||||
| Net movement in funds |
(7,529) | (721) | (8,250) | (42,037) | ||
| Reconciliation offunds Total funds brought forward |
72,524 | 642,731 | 715,255 | 757,292 | ||
| Total funds carried forward | 64,995 | 642,010 | 707,005 | 715,255 |
| Statement ofFin 30 June 2023 |
ancial Position | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Note | 6 | |||
| Fixed assets Investments |
13 | 642,010 | 642,731 | |
| Current assets Cash at bank and in |
hand | 66,543 | 73,964 | |
| Creditors: amounts | falling due within one year | 14 | (1,548) | (1,440) |
| Net current assets | 64,995 | 72,524 | ||
| Total assets less current liabilities | 707,005 | 715,255 | ||
| Net assets | 707 005 | 715255 | ||
| Funds ofthe chadity Endowment funds Unrestricted funds |
642,010 64,995 |
642,731 72,524 |
||
| Total charity funds | 15 | 707,005 | 715,255 |
| 4. | Investment | income | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| E | E | E | E | ||||
| Income from | listed investments | 26,023 | 26,023 | 23,289 | 23,289 | ||
| 5. | Costs ofraising donations | and | legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| E | E | ||||||
| Subscriptions | 78 | 78 | 78 | 78 | |||
| 6. | Investment | management | costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| E | E | E | E | ||||
| Portfolio management | 6,330 | 6,330 | 6,735 | 6,735 |
| 7. | Expenditure | on charitabl | e acti | vities b |
y fund type | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds f |
2023 f |
Funds | 2022 f |
|||||
| Grants payable Support costs |
20,000 4,204 |
20,000 4,204 |
16,000 4,173 |
16,000 4,173 |
||||
| 24,204 | 24,024 | 20,173 | 20,173 | |||||
| 8. | Analysis ofgrants | |||||||
| 2023 f |
2022 f |
|||||||
| Grants to institutions | ||||||||
| InFacus The Deaf Academy SENSE |
8,000 8,000 |
6,000 6,000 1,000 |
||||||
| Moor Vision | 3,000 | |||||||
| Living paintings RSBC |
2,000 2,000 |
|||||||
| 20,000 | 16,000 | |||||||
| Grants to Individuals | ||||||||
| Grants to individuals | ||||||||
| Total grants | 20,000 | 28,000 | ||||||
| 9. | Net gains on | investments | ||||||
| Unrestricted | Endowment | Total Funds | ||||||
| Funds f |
Funds f |
2023 f |
||||||
| Gains/(losses) | on listed investments | (3,661) | (3,661) | |||||
| Unrestricted | Endowment | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| Gains/(losses) | on listed investments | (38,340) | (38,340) | |||||
| 10. | Independent | examination | fees | |||||
| 2023 f |
2022 f |
|||||||
| Fees payable independent |
to the independent examination ofthe |
examiner for: financial statements |
1,548 | 1,435 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| 6 | |
| Cost orvaluation | |
| At1 July2022 Additions |
642,731 40,047 |
| Disposals Fair value movements |
(37,107) (3,661) |
| At 30June 2022 | 642,010 |
| Impairment | |
| At 1 July 2022 and 30June 2023 | |
| Carrying amount At 30June 2023 |
642,010 |
| At 30June 2022 | 642,731 |
| Unrestricted | funds | ||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||
| 1 Jul 2022 | Income f |
Expenditure | Transfers f |
losses 30 f |
Jun 2023 f |
||
| General funds | 72,524 | 26,023 | (30,612) | 721 | (3,661) | 64,995 | |
| Endowment | funds | ||||||
| At | Gains and | At | |||||
| 1 Jul 2022 | Income f |
Expenditure | Transfers f |
losses 30 f |
Jun 2023 | ||
| Endowment | Fund | 642,731 | (721) | 642,010 |
| Analysis ofnet as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | Total Funds | ||
| Funds f |
Funds f |
2023 f |
2022 f |
||
| Investments Current assets |
66,543 | 642,010 | 642,010 66,543 |
642,731 73,964 |
|
| Creditors less than | 1 year | (1,548) | (1,548) | (1,440) | |
| Net assets | 64,995 | 642,010 | 707,005 | 715,255 |