| Trustees | MMCFTrustee Limited |
|---|---|
| Charity number | 1140648 |
| Principal address | Alexandra House |
| St Johns Street | |
| Salisbury | |
| Wiltshire | |
| SP1 2SB | |
| Independent examiner | James Fletcher FCA |
| Fletcher & Partners | |
| Crown Chambers | |
| Bridge Street | |
| Salisbury | |
| SP1 2LZ | |
| Solicitors | Wilsons Solicitors LLP |
| Alexandra House | |
| St Johns Street | |
| Salisbury | |
| Wiltshire | |
| SP1 2SB | |
| Investment advisors | Quilter Cheviot Investment Management |
| 90 LongAcre | |
| London | |
| WC2E 9RA | |
| SAGAS.A. | |
| 13 rue Ceard | |
| Case Postale 3638 | |
| CH-1211 Geneva 3 | |
| Switzerland | |
| Julius Baer & Co Ltd | |
| Lefebvre Court, Lefebvre Street | |
| St Peter Port | |
| Guernsey | |
| Channel Islands | |
| GY14BS |
| Page | |
|---|---|
| Trustee's report | 1-3 |
| Statement oftrustee's responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement offinancial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8-13 |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Incomefrom: | |||
| Investments | 2 | 210,511.19 | 166,192.43 |
| Expenditure on: | |||
| Raisingfunds | 3 | (116,006.13) | (133,551.27) |
| Charitable activities | 4 | (510,586.43) | (486,563.12) |
| Total expenditure | (626,592.56) | (620,114.39) | |
| Net gains/(losses) on investments | 7 | (544,126.31) | 762,568.14 |
| Net movementin funds | (960,207.68) | 308,646.18 | |
| Fund balances at 6April 2022 | 14,386,895.92 | 14,078,249.74 | |
| Fund balances at 5 ApriI 2023 | 13,426,688.24 | 14,386,895.92 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Investments | 11 | 13,297,503.82 | 14,289,012.66 | ||
| Current assets | |||||
| Debtors | 9 | 554.47 | 1,254.85 | ||
| Cash at bank and in hand | 214,559.29 | 125,968.55 | |||
| 215,113.76 | 127,223.40 | ||||
| Creditors: amounts falling due within | 1 O | ||||
| one year | (85,929.44) | (29,340.14) | |||
| Net current assets | 129,184.32 | 97,883.26 | |||
| Total assets less current liabilities | 13,426,688.14 | 14,386,895.92 | |||
| Unrestricted funds | 13,426,688.24 | 14,386,895.92 | |||
| 13,426,688.24 | 14,386,895.92 | ||||
| T~trmved bytheTrustees on •••7...P.f(~ u.:,_b-l,v ;(O;lJ | |||||
| ....................~ ....,.... - |
John Nicholas | Cotton (Director | MM.CFTrustee | Limited) |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income from listed investments | 208,298.64 | 165,026.94 |
| Interest receivable | 1,658.08 | 28.42 |
| Accrued income | 554.47 | 1,137.07 |
| 210,511.19 | 166,192.43 | |
| Raising funds | ||
| 2023 | 2022 | |
| £ | £ | |
| Investment management | 116,006.13 | 133,551.27 |
| 116,006.13 | 133,551.27 |
| 4 | Charitable activities | |||
|---|---|---|---|---|
2023 |
2022 |
|||
| £ | £ | |||
| Grant funding of activities (see note 5) | 466,000.00 | 438,546.23 | ||
| Share of governance costs (see note 6) | 44,586.43 | 48,016.89 | ||
| 510,586.43 | 486,563.12 | |||
| 5 | Grants payable | |||
2023 |
2022 |
|||
| £ | £ | |||
| Grantsto institutions: | 466,000.00 | 353,000.00 | ||
| Grants to individuals: | 85,546.23 | |||
| 466,000.00 | 438,546.23 | |||
| 6 | Support costs | |||
2023 |
2022 |
|||
| £ | £ | |||
| Independent Examinations fees | 2,880.00 | 2,400.00 | ||
| Trustee Expenses | 7,379.43 | 1,881.17 | ||
| Legalfees | 33,597.00 | 42,823.80 | ||
| Sundry disbursements | 312.00 | 516.00 | ||
| Bank charges | 51.10 | 28.92 | ||
| Legalfees re Trust Company | 367.00 | 367.00 | ||
| 44,586.53 | 48,016.89 |
| 7 | Unrealised and realised gains/(losses) | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Realised gains on sales of investments | 198,728.34 | 608,869.99 | |
| Revaluation of investments | (742,854.65) | 153,698.15 | |
| Net gains/(losses) on investments | (544,126.31) | 762,568.14 |
| 2023 | 2022 | ||
|---|---|---|---|
| Amounts falling due within one year: | £ | £ | |
| Other debtors | 554.47 | 1,254.85 | |
| 10 | Creditors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other creditors | 85,929.44 | 29,340.14 |
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