| Charity details | ||
|---|---|---|
| Directors' report | ||
| Independent auditors' |
report | |
| Statement offinancial |
activities | |
| Balance sheet | 12 | |
| Statement ofcashflows |
13 | |
| Notes to the financial statements | 14 |
| Notes | Year ended | Year ended | |||
|---|---|---|---|---|---|
| 31 December 2022 | 31 December 2021 | ||||
| Unrestricted fundsf |
Unrestricted funds E |
||||
| Income from: | |||||
| -Donations | 1,133,491 | 1,293,478 | |||
| - Investments | 126,638 | 52,639 | |||
| Total Income | 1,260,129 | 1,346,117 | |||
| Expenditure on: |
|||||
| Grant Making | 980,161 | 870,346 | |||
| Support Costs | 33386 | 29,459 | |||
| Charitable Activities |
1,013,547 | 899,805 | |||
| (Loss)/gain on |
revaluation | (414,612) | 243,098 | ||
| of investments | |||||
| Net income for the | period | (168,030) | 689,410 | ||
| Reconciliation | offunds: | ||||
| Total funds brought | forward | 6,548,579 | 5,859,169 | ||
| Total funds carried | 6,380,549 | 6,548,579 | |||
| forward |
| Year ended 31 De | ce | mb | er | 2022 | ||
|---|---|---|---|---|---|---|
| Year ended | Year ended | |||||
| 31 December | 31 December | |||||
| 2022 | 2021 | |||||
| Cash provided by operating |
activities | 275,271 | 143,227 | |||
| Cash flows from investing | ||||||
| activities | ||||||
| Sale of investments | 3,663,530 | 897,494 | ||||
| Investment income |
126,638 | 52,639 | ||||
| Commission on investment Purchase ofinvestments Cash used in investing |
(148,861) ~3,003,003 (259,776) |
(81,788) 1,027,990 (159,645) |
||||
| activities | ||||||
| Increase/(decrease) in cash and |
equivalents | in the year | 15,495 | (16,418) | ||
| Cash and cash equivalents at |
the | beginning | ofthe year | 17,242 | 33,660 | |
| Total cash and cash equivalents | at | the end ofthe year | 32,737 | 17,242 | ||
| he cash provided by operating |
activities is calculated as follows: | |||||
| Year ended 31 | Year ended 31 | |||||
| December 2022 | December 2021 | |||||
| (Deficit)/Surplus as per the statement |
offinancial | (168,030) | 689,410 | |||
| activities | ||||||
| Decrease / (increase) in debtors |
76,057 | (184,620) | ||||
| Increase / (decrease) in creditors |
79,270 | (65,826) | ||||
| Investment income |
(126,638) | (52,639) | ||||
| Unrealised loss / (gain) on investments |
414,612 | 243,098 | ||||
| Net cash provided by operating |
activities | 275,271 | 143,227 |
| 2022f | 2021f | |||
|---|---|---|---|---|
| Individual | donations | 1,110,068 | 1,264,331 | |
| Donated | services and support | (Note 12) | 23,423 | 29,147 |
| 1,133,491 | 1,293,478 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Gross investment | income receivable | 6 | 6 | ||
| - Dividend | income | 126,638 | 52,639 | ||
| 126,638 | 52,639 | ||||
| CHARITABLE ACTIVITIES EXPENDITURE | |||||
| 2022 | 2021 | ||||
| 6 | |||||
| Grants | |||||
| - Children | 22,330 | 105,480 | |||
| - Homelessness | 238,715 | 226,098 | |||
| - Health | 22,353 | 44,190 | |||
| -Education | 286,220 | 71,015 | |||
| - Environment | 267,329 | 285,453 | |||
| -Overseas | aid | 136,689 | 133,740 | ||
| -Cultural | 6,165 | 4,010 | |||
| - Disability | 360 | 360 | |||
| 980,161 | 870,346 |
| SUPPORT CO | STS | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Support costs | |||
| -Legal and accounting | fees | 20,626 | 18,174 |
| -Bank charges | 1 213 | 1,412 | |
| -Foreign Exchange (gains) Ilosses | (19) | 3 | |
| -Other | 166 | 150 | |
| -Audit fees | 11,400 | 9,720 | |
| Total support costs | 33,386 | 29,459 |
| FIXEDA | SSET INVESTMENTS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | ||||
| Quoted investments: | ||||
| Opening value |
5,307,815 | 4,852,433 | ||
| Additions during |
the financial year | 3,901,083 | 1,027,990 | |
| Disposals at market value | (3,663,530) | (897,494) | ||
| Unrealised gain |
on revaluation | (414,612) | 243,098 | |
| Other investment | income and donated | services | 148,861 | 81,788 |
| Market value at | 31 December | 5,279,617 | 5,307,815 | |
| Cost at 31 December | 4,423 292 | 4,935 633 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| F | F | ||||
| UK Income Bond Fund | 1,296,834 | 24 | |||
| Diversified Income Fund Inst |
517,182 | 10 | |||
| GBP (Hdg) Dynamic Multi Asset Fund |
418,091 | 522,870 | 10 | ||
| Inst GBP (Hgd) Acc Global Bond ESG Fund |
679,080 | 13 | 515,866 | 10 | |
| Global Libor Plus Bond | Fund | 646,971 | 12 | ||
| Inst GBH (Hdg) Global Real Return Fund Inst |
415,508 | 527,784 | 10 | ||
| GBP (Hgd) Acc | |||||
| PIMCO StocksPLUS AR | 417,698 | 581,057 | |||
| Fund | |||||
| Global Bond Fund Inst GBP | 1,217,095 | 23 | |||
| (Hgd) Acc Income Fund PIMCO Tactical |
1,368,257 | 26 | 699,251 | ||
| Opportunities Offshore |
Fund | ||||
| USD | |||||
| Global Credit Opportunity | 380,683 | 7 | |||
| Fund USD | |||||
| Commodity Alpha Fund |
USD | 383,205 | 7 | ||
| 5,279,617 | 100 | 5,307,815 | 100 |
| 9 | DEBTORS | DEBTORS | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Donations | Receivable | 1,104,568 | 1,250,625 | ||||||
| Other | Receivables | 00000 | |||||||
| 1,174,568 | 1,250,625 | ||||||||
| 10 | CREDITORS: | AMOUNTS | FALLING | DUE | WITHIN | ONE | YEAR | ||
| 2022 E |
2021f | ||||||||
| Accruals | 36,373 | 27,103 | |||||||
| Other | creditors | 70,000 | |||||||
| 106,373 | 27,103 |