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2022-05-31-accounts
|
Page |
| Reference and administrative details of the company, its trustees and advisers |
1 |
| Trustees' report |
2 −5 |
| Independent auditor's report on the financial statements |
6 −9 |
| Statement of financial activities |
10 |
| Balance sheet |
11 −12 |
| Notes to the financial statements |
13 −23 |
| Trustees |
A L Banes |
|
L S Block |
|
J B Francken |
|
D J Jepps |
|
H Kuper |
|
R Mariner |
|
S Morris MBE |
|
J S Segal |
|
N A Spencer |
|
A E Virchis |
| Company registered |
|
| number |
07516569 |
| Charity registered |
|
| number |
1141727 |
| Registered office |
32 Haverhill Road |
|
Stapleford |
|
Cambridge |
|
CB22 5BX |
| Company secretary |
D Jepps |
| Independent auditor |
Blick Rothenberg Audit LLP |
|
Chartered Accountants |
|
16 Great Queen Street |
|
Covent Garden |
|
London |
|
WC2B 5AH |
| Bankers |
National Westminister Bank |
|
North Finchley Branch |
| Solicitors |
Howard Kennedy |
|
No. 1 London Bridge |
|
London |
|
SE1 9BG |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2022 |
2022 |
2022 |
2021 |
|
Note |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
3 |
67,645 |
|
67,645 |
44,564 |
| Other trading activities |
4 |
46,468 |
|
46,468 |
8,258 |
| Investments |
5 |
17,130 |
|
17,130 |
23,633 |
| Total income |
|
131,243 |
|
131,243 |
76,455 |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
6 |
1,980 |
|
1,980 |
1,980 |
| Charitable activities |
7 |
157,532 |
|
157,532 |
156,366 |
| Other expenditure |
8 |
7,450 |
|
7,450 |
5,019 |
| Total expenditure |
|
166,962 |
|
166,962 |
163,365 |
| Net expenditure before net |
|
|
|
|
|
| (losses)/gains on investments |
|
(35,719) |
|
(35,719) |
(86,910) |
| Net (losses)/gains on investments |
|
(8,308) |
|
(8,308) |
75,034 |
| Net movement in funds |
|
(44,027) |
|
(44,027) |
(11,876) |
| Reconciliation o f funds: |
|
|
|
|
|
| Total funds brought forward |
|
491,326 |
500,000 |
991,326 |
1,003,202 |
| Net movement in funds |
|
(44,027) |
|
(44,027) |
(11,876) |
| Total funds carried forward |
|
447,299 |
500,000 |
947,299 |
991,326 |
|
|
|
2022 |
|
2021 |
|
Note |
|
|
|
|
| Fixed assets |
|
|
|
|
|
| Investments |
10 |
|
773,558 |
|
859,671 |
|
|
|
773,558 |
|
859,671 |
| Current assets |
|
|
|
|
|
| Debtors |
11 |
20,527 |
|
17,912 |
|
| Cash at bank and in hand |
|
165,431 |
|
125,493 |
|
|
|
185,958 |
|
143,405 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
12 |
(12,217) |
|
(11,750) |
|
| Net current assets |
|
|
173,741 |
|
131,655 |
| Total assets less current liabilities |
|
|
947,299 |
|
991,326 |
| Total net assets |
|
|
947,299 |
|
991,326 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
13 |
|
500,000 |
|
500,000 |
| Unrestricted funds |
13 |
|
447,299 |
|
491,326 |
| Total funds |
|
|
947,299 |
|
991,326 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Donations |
67,645 |
67,645 |
|
_Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Donations |
44,564 |
44,564 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2022 |
2022 |
|
|
£ |
£ |
| Events |
income |
46,468 |
46,468 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
|
|
£ |
£ |
| Events |
income |
8,258 |
8,258 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Investment income |
17,130 |
17,130 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Investment income |
23,594 |
23,594 |
| Bank interest |
39 |
39 |
|
23,633 |
23,633 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2022 |
2022 |
|
|
£ |
£ |
| Events |
expense |
1,980 |
1,980 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
|
|
£ |
£ |
| Events |
expense |
1,980 |
1,980 |
|
|
|
|
|
Unrestricted |
|
|
|
|
|
|
funds |
Total |
|
|
|
|
|
2022 |
2022 |
|
|
|
|
|
£ |
£ |
| Karen's |
Home |
from |
Home, |
Birmingham |
23,392 |
23,392 |
| Karen's |
Home |
from |
Home, |
Hammersmith |
63,322 |
63,322 |
| Karen's |
Home |
from |
Home, |
Oxford |
29,480 |
29,480 |
| Karen's |
Home |
from |
Home, |
Cambridge |
41,338 |
41,338 |
|
|
|
|
|
157,532 |
157,532 |
|
|
|
|
|
Unrestricted |
|
|
|
|
|
|
funds |
Total |
|
|
|
|
|
2021 |
2021 |
|
|
|
|
|
£ |
£ |
| Karen's |
Home |
from |
Home, |
Birmingham |
23,037 |
23,037 |
| Karen's |
Home |
from |
Home, |
Hammersmith |
62,382 |
62,382 |
| Karen's |
Home |
from |
Home, |
Oxford |
29,443 |
29,443 |
| Karen's |
Home |
from |
Home, |
Cambridge |
41,504 |
41,504 |
|
|
|
|
|
156,366 |
156,366 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Postage and publicity |
4,075 |
4,076 |
| JustGiving fees |
216 |
216 |
| Newsletter costs |
96 |
96 |
| Investment management costs |
3,063 |
3,063 |
|
7,450 |
7,450 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Postage and publicity |
1,008 |
1,008 |
| JustGiving fees |
302 |
302 |
| Newsletter costs |
153 |
153 |
| Investment management costs |
3,556 |
3,556 |
|
5,019 |
5,019 |
|
Listed |
|
securities |
|
£ |
| Cost or valuation |
|
| At 1 June 2021 |
859,671 |
| Additions |
301,966 |
| Disposals |
(379,771) |
| Revaluations |
(8,308) |
| At 31 May 2022 |
773,558 |
| Net book value |
|
| At 31 May 2022 |
773,558 |
| At 31 May 2021 |
859,671 |
|
2022 |
2021 |
| Travis Perkins 4.5% |
19,918 |
21,364 |
| National Grid Plc 1.25% |
|
57,038 |
| Tesco Plc 6.125% |
|
31,252 |
| London Stock Exch 4.75% |
|
46,809 |
| Burford Cap Plc 6.5% |
|
47,607 |
| Roche Finance Euro 5.375% |
46,615 |
49,750 |
| Fundrock Partners Credo Dynamic |
270,256 |
240,040 |
| Xtrackers MSCI |
54,930 |
56,978 |
| BP Capital Markets 4.24% |
47,840 |
52,829 |
| BUPA Finance 4.125% |
|
22,183 |
| General Accident 8.875% |
39,750 |
49,050 |
| Downing Rnew |
|
19,000 |
| TP !cap 5.25% |
20,194 |
22,802 |
| Severn Trent 1.3% |
58,941 |
56,151 |
| Investec 9.625% |
|
24,398 |
| Tesco 3.322% |
21,908 |
20,600 |
| Urban Logistics Reit |
17,400 |
29,522 |
| Biopharma US$ sterling equivalent |
|
12,298 |
| Canary Wharf 3.375% |
18,428 |
|
| Hipgnosis Songs |
32,281 |
|
| Supermatket Income REIT |
44,783 |
|
| TwentyFour Inc |
13,788 |
|
| Pinewood Ginance 3.25% |
33,202 |
|
| Vodafone 4.875% |
29,767 |
|
| Gresham House Energy Storage |
3,557 |
|
|
773,558 |
859,671 |
|
2022 |
2021 |
| Due within one year |
|
|
| Other debtors |
3,429 |
3,444 |
| Prepayments and accrued income |
17,098 |
14,468 |
|
20,527 |
17,912 |
|
2022 |
2021 |
| Accruals |
12,217 |
11,750 |
| **Statement of funds −c ** |
urrent year |
|
|
|
|
|
|
|
|
Unrealised |
|
|
|
|
|
and realised |
|
|
|
|
|
investment |
|
|
Balance at |
|
|
gains/ |
Balance at |
|
1 June 2021 |
Income |
Expenditure |
(losses) |
31 May 2022 |
| Unrestricted funds |
|
|
|
|
|
| Unrestricted funds |
491,326 |
131,243 |
(166,962) |
(8,308) |
447,299 |
| Restricted funds |
|
|
|
|
|
| Restricted funds |
500,000 |
|
|
|
500,000 |
| Total of funds |
991,326 |
131,243 |
(166,962) |
(8,308) |
947,299 |
| Statement of funds −prior year |
|
|
|
|
|
|
|
|
|
Unrealised |
|
|
|
|
|
and realised |
|
|
|
|
|
investment |
|
|
Balance at |
|
|
gains/ |
Balance at |
|
1 June 2020 |
Income |
Expenditure |
(losses) |
31 May 2021 |
| Unrestricted funds |
|
|
|
|
|
| Unrestricted Funds |
503,202 |
76,455 |
(163,365) |
75,034 |
491,326 |
| Restricted funds |
|
|
|
|
|
| Restricted Funds |
500,000 |
|
|
|
500,000 |
| Total of funds |
1,003,202 |
76,455 |
(163,365) |
75,034 |
991,326 |
| Analysis of net assets between funds −current year |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Fixed asset investments |
273,558 |
500,000 |
773,558 |
| Current assets |
185,958 |
|
185,958 |
| Creditors due within one year |
(12,217) |
|
(12,217) |
| Total |
447,299 |
500,000 |
947,299 |
| Analysis of net assets between funds −prior year |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Fixed asset investments |
359,671 |
500,000 |
859,671 |
| Current assets |
143,405 |
− |
143,405 |
| Creditors due within one year |
(11,750) |
|
(11,750) |
| Total |
491,326 |
500,000 |
991,326 |
|
2022 |
2021 |
|
£ |
£ |
| Not later than 1 year |
92,540 |
64,130 |
| Later than 1 year and not later than 5 years |
26,110 |
|
|
118,650 |
64,130 |