Charlty r•gI$tratk nb•r 1145202 Company roglstra¢lon numbgr OY867602 {England and Waltrm GUILDFORD POYLE CHARITIES ANNUAL REPORT AND UNAUDfrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
GUILDFORD POYLE CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION TTustso5 Mrs tkury {Gr8nts Chalr) Ms Nlco& Freeman Mr Mathew Gray (Joint Chair of Fina[8 & G8ner81 Purposes Committee) Mr Barry Marshall (Dewty Ia> Mrs mOTr Matravers MrTim Metson (Jnt Chair of NnarKt & Genoral Putposes Commiiteel Dr &Ththan NorrKg Mr Mike Eva IArs Ruth BroIhR Mrs Sandra Robtn Mrs Alison Bass PAr Robert Kiley Mr Matthew ROts Mrs Kathryn MIL M$AudY Howdls Mrs Amando Cro (Appolnled 2 February 20231 IAppointed 2 February 20231 IAHx)inted 1 November 20231 Charfty numb•r 1145202 Compony n¥mb8r 07867602 ReglsteTed offic& 208 HvJh Street Guldfo SLhrr8y GU13JB Independent examin•r St8phBn er11th FCA DChA Frlary Court 1&21 Hwh Street Guldlord Surroy GU13DL
GUILDFORD POYLE CHARITIES CONTENTS Trusteg5' report IrKleperKlenl 8xaminerfs rgFOrt ststwnont of finanoal actNitie5 Summary Incc#n& and exp8tMJhuTr aCCnI Bal8nrA sheet 10 Notes to Ihe fTrnclal sl8t8meT 11-23
GUILDFORD POYLE CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEM8ER 2023 Th8 Truste8s pr8s8nt their annual rgTXt arKI fin5la1 Ststernents furthe year en[d 31 December 2023. The finarSaI statemonts have prepared In 8c£xJrOanc8 ac(X)unllng pclitjes #el out In note 1 to the flnandal at8m8nts and compty with the Charitys merrndM and arudes of a$sla0n. the Companles Act 2006 and "AcoJLFnting and Rep)rting by Charrbes: Staent of Reo)mmendwJ Pracfjce 8pplScable to ¢hartties preparing thelr acc£Junts In acoxd8n¢ wth thÈ Flnandal Rep)fig Standavd app4h2t4e In the UK and Republlc ol Ifeland IFRS 1021 leffedive 1 January 2019)". ObJectlvg$ and aclfvmes The aims and objectives of the charity are: The relief of finanoal hardship, generally or indivK4ualy, of people liwng in Guildford PoWe Charftia$' aw of benefit by m8kiThJ grants of rTrJney for providing or paying lor items. services or f8cilities. To enable sodal InduOn for th& wbll¢ b8nefft by maklr@ of to ilKlrviduals or organIsaOn$ 80 as lo prevent pewe becomlng sodalty excluded. rellwThJ the needs of those peoF4e who 8re socially excluded and ass15tlng them to integrate Intr) sod¢ty. The Trustees have paNJ dL regard to ldance I5d by the Charity Cwnmisslon in deodlng what act10$ the Charity should underiake. Rovlgw ofAcllvltle8 Ounng the p8ft under review, grants tolaling £123.624 Vre awarfed to organisations and £22.835 to indiwduals. Some grant paym8nts r9 made tr) individuals for grants 8gtggd in 2022. In addition. al the end of the period 2 grants whiGh had been avarded hsd not beeTr laken up by the r8cipients and were still due to b& pak1. Exompl8s of 8SStance gNen induded while go)Jslekctrical items. bJmilur&, dothing and contributions towards fk)oring. Two smal awards wara mad8 to ladi8s carrwng out for dients of Home Support ServK8s IGuildfordl who were chosen lo take part in the 2023 Gulldford Pofv Charilies Diarg Ceremony. This event Ik place undaf the lerrns of th8 wils of John How and John Parsons vtho a smal sum of mon&y for Ihls purws& al the tum ol the 17th tUry. A lotal of 43 grants were made to organisations asslsllng those In n8ed whc6e al mat th8 Trustees, guhlg1kn88 (for more information see bekpwl. Ofthese grants. 21 re to Sc1C4S for 15(1 trips. Grant Maklng Pollcy Applic8tiorNs for grants are rBceNed threca from IlivlUalS and frLKn vBrKW8 St8tvlory vcAuntsry bod worf(ing with those Sn need. Applicalirms from individuals are review8(1 8gainsl currenl working guidetines and dedslons m8d8 81 reguL9r IntervaL8 by a txjmmlttee comprisirrfj three Trustses and a member of staff. Oeclslons on grants to organlsaU(¥)s ar8 m8de by a LX)mmittee. Guidellnes for grant maknng for both indivtdLo1s organisatk)ns arg rev18w] annualty to 8ll8ure that th8y refiect changir@ circumstsnc8S.
GUILDFORD POYLE CHARrriES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and p8rFormance The on-golng work ol awdrding grants in a efficient efftive way tskos up ts maioilty 01 Ihe worklng Ume of the staff atNJ the TnJstee8. In addition, particular ChallengSleveffleQ1s of the tharity duriThJ the year were: No Tnjstees rere during the year aNI two Trustees were gJccessft appoint8d. In addition, Guildlord Bcfwgh Council nominated 8 new Tnjstee fouowing the Irxal elethons in May. The exlstiro rrninated Trust8• was then dected as a Trustsg in their (wffl ryght. The Grants Adminlstrator had worted for the Charrty for deven years rogned and Trustees Ih8nked them for thelr oontrlbutlon dudng th81rllme at Po. Anew Grants Admlnlstrator was appolnted and started in May. The buugel for the year was under continuous remew given the (jjent circumstancos. Tru8lees dedded to mak8 8 small reductkjn In the targeled thl of gnt gfving for the final quarter given that tha investment fund retums ¥w8 adver5ety impacted by the very high level ol inflalKJn. Howev8r, overall grants forthe yeor remai1 ahe&J of the bevel ofgrants award8d in 2022. Updated pdicies were agrged. Grants. Guklelinas We reviewed and amended to re118Ct Chan in need or cArcumstan¢gS. Th& lirn8 poriod frjr indwidual grants lo be taken up was reduced to Six Wogks from three months atxl this seems to b8 w01n9 well. Hooring grants were reviewed and rr)rg lbIlty was docaded with regards to tha option of rugs or eorpel. Procedures aroLtnd followrng up grdnls not taken up. grfl c8rds receipt WU88t8 and BACS p8yments We tightened. Individu81 Grant applicatKJns we now to kK¥e88e slvJhty during the in Mp8fte1 to appIallOn numbers during the pandeml . Suppller co*s Ilid not Incrva5e duiir4J the yw the fv lrnyeases contMU to have an Impact on the bLKJget. . The new leallets pr¢>Juc&l to promote the grants program$ at end of 2022 were useij (Jurlng 2023 and staff and Tru$tee5 attended several N&t%)rkIng events. During Ihg year Trustees deci(Jed lo roll oul p0e email addresses to ensure seujrity with intemÈl (x)mmuni(xlK)ns. This dwnge has twn more comF4ex b) impOnI Ihan originally 8nvisage(l and 80 further consideratk)n is btring given lo the asSa rolout of ShaTrPoinl to ensure that it can I implemented èffgrtivety. Trusta8s rewewed the 'thctiig for the Maids Mcvw, Ceremony that takes Fdace 8nnvaNy al IheAGM wlih th8 Mayor present. Tmstg8s deuded lo cxjntinue Ihe Cer8mony but r8name il lo 'GuibJlord Poylg Di¢wig Ceremnl. TNslo9s also decided to I93$e Ihe payThnl ffx the aWdrd8 from £60 and £62 10 £98 and £100. Fdlowing a review of the costs 8nd benefits of continuing to hobd the freehokl property, the Tnjsiees decided that it W1 be appropriaie io tèsl the mathel in wilemK48tion of a possible sale.
GUILDFORD POYLE CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Exampl•s of Organl$atlon Grants Award•d from th? kncomg Fund durlng th• Year GASP Motor Pr¢ja¢t- Tralning in motor m•¢hani¢$ for diSa¢fv4ntad and disengaged young ptrople Uses motor mechanics and bas eryJineering to help rage disaffectedldisadvanlaged young people. by providing training programmes and offering opportunty to cwiplete an AQA award accredilallon. They requested funds IvNards delN&ring a mobile dassrotsm fld at The Hive, PaTk Barn for disadvantaged students covering two lemis of weeY tralnlng SesOn5 In motor rnec8n. Trustees agreed to award £4,255 to cover the cost of one courso. Gulldford Town Centre Chaplaincy. Communlty Ango15 Prol•ct a befriendir¥J project in response to Increaslng Issues of bneliness and Isolatlon amorKJ adL#ts of all ages In Guildford. They offer SIX months of weekty f-tfrface befriending Ivlslts and oullngsl with a (xr8fiJlly mslclth and tr81rd v(Aunlegr. TntoeS agreed io 8w8rd £6k tt)wards the prolèct. Chall8ng•rs, Gulldlord Playschèmè and Y(Arthsch•m• Ch81gng8rs offers play arxl1gi8L¥g fac111t¥ for di8abted ¢hildr8A arml young p80pI8 8rKI 8lms to break d4 baTrleTS to play. They requested funds towa8 their youth scheme a1 play Sch whKh provide recreatk)nal acINit for disadvantaged disBt4ed cknildren 418 YrS old. Tha schgmas offer a space for support to onatA8 young peopk to s(xialis8, practic& communic8tlon and have fun. Thi$ also enables th8 (rther famity membern to Ik3V8 a break Irom their caring role. Tru318as awardèd a grant of £5,100 lowards the project. Financlal Tgyie The net Dpeth'ng defidt for the year £75.180 12022 - £64.774 d8fidt} bef(Ye investment gains of £179,C(12 12022 - £349,976 investrnent h)sses), results'ng in a net m0veThl of fid5 of £103.822 (2022 - £414.750 negats'v8 n8t movemenll- Total funds stood at £4.719.118 at the year end12022- £4.615.295} aThJ ere repfesented by endMMent funds of £4,667.55012022- £4.564,486} and unr8Strthd lunds of £51.5e812022- £50.8091. R•s8tvu Pollcy It is the policy of the Charity Ihat free reserves lunre5trided funds have not been despJnated for a spe¢lflc purpose and those represeTr1 by fixed assets) shoukj be nIntained at a levd of £50.(XIO to Ver a e1Ve month riod. to 8n8ble continuty of op8raIM than grant gving. In worst s& wnado il WO 8Lg0 gnabie a controled shut down of the Charity. At 31 Deo8ml)?r 2023 rg88Ne8 8tLwJd at £51,568 {2022-£50.8091. In¥•stm•nt Pollcy Any unreslrfcted capStal b5 hekj In GLdIcd Po8 Chwities (tharfty nunknr 11452021. whlst Ihe endowment ca1 is hekl by its suitsKJiary, The Poyle Charity {thrity 1145202-11. Therè are no restridons on the Charitys prS tD invest. Thè invèstmènt FK4icy is sèt by thé Trusl88s who consider the catHtal growth, Ire requireThwts, Ihe r45k profile and the investment mana9eT'S view of the market prospects in the medium term. The Charity invest a prOplOn of fijnds in PTOP8ty which pnerates as w811 os pftJv¥Jing oifTh occommfy1atn lor usg by the Chartty. The Trustees meèt the investff*nl manw annuaty to rev¥ perf0mWn and inVestml pcli¢y.
GUILDFORD POYLE CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Total Rolurn Tha Poyle Charity subsidiary investgd gndowmenl generdtes Lxpital growth aNI Inte8VdtvidendS which aro reinvested. Trustees d&t&minè frDm lime to time the proporbon of thè inv8Stment which will be converted to in¢i)me, in accordance wth guideline8 designed to ensure that to the 8Xtenl ble, the incom8 and the Trust for Investm8111 (see betr)wl are at least infiation prot8Ct8d and sustainabk oyef the long tèm). A8 in 2022. the invested fund of the Charities d8lNèred less Ihan the inllatJn plus 3 to 4% tsrget al1t perfomiing bglier than other perfomiance benchmark8. The Charty rules for delemiining income lake a view over a 5 y&ar perxI lo al¢)w for signifrcanl variation in the mark81. The Iwshion of unapp111 Total Reknm IUTRI buill up over the years enables Ihe Ch8rlly incrrne to be more consistent. The Charily recwve qu8rtth rep from thg fund manw and have an annud revtw meeting wlh the investnwt manager. The initial valuos of the Twsl for Investrnenl (the value of th8 m)etnI endowment) and th n&pP[eT0t81 Relum IUTRI were estsbllshed by a decion of th8 8oartl d Trustees on 25 October 2018, to approve Ihe Proposal from the Flnance and General pu Ccrtnmittee IF&GPX to tske effect frn 1 Jwuory 2019. The initial valLJ& of the Trust for Inveslm8nt was set * the value of the pernanent eTrJcMmènl fvnd invesl8d in the stock market on 31 Decembpr 2008, b8ing an amount of £2.424.155. date vas th08en because it w&% the first tim8 thal all th¥ endowmenl fuThJs of the Charity ra C(bIned. The inib'al value of the UTR at 1 January 2019 was £1.278.650. The value crfthe Chafitys bjilding was exchjded from the Trust ts Inv8stnwl. None of th& Trust fix Invtrstmelll has be8n dktatJ to th9 UTr arKI no re(16n1 has bg8n mad& from thè UTR Into thfj Trust for Investment in the perk)d. The Charity received adVe on the generality of tot81 rebjm investing. the gLldelnes for converting UTR to income and the sustainabilty of the inuyne from Mr Aex Dow of Rathbone$. Mr Dow is 8 Chartered Fellow of th6 Charterècl Institute for Secuitties and Investmenls. hdding the DipkJm•. and is also a Chartered Financial Andyst chartethclder. Isk managnt The Charits maintain a Risk Rogisler to poNived to trSesS. operallons and repulation. The Truslaes have rev1 the re918( and eon&id8r that Iha ctharity has laken apt& measures lo mlligate thesè risks. Plans for futwe periods The Chatitbs InteThJ to (a)ntirM to wovklg grwts to wl¥ldu and organlsations In Ilng wlth the oblects. though the investm8nt environment remains urKertain. thè TnJst8es havg dg(xled not lo change the prln¢lples on which the grants. budgets are determined. This kept L¥Kler review in the light ol nged withkn the k)(xlity and the wo8pects for capital grcNth of tho v08trts. Structure, governanu and managemenl Constltutlon and Govomlng Oo¢um•nt Gull(ffortl Po9 Charfkn'es was Incorrmt&l on 1 Dwxmber 2011. havlng acted as an umbrdL2 b)dy for a nu)er of much okjer charfttes. The company is limite4J by guarantee and Is govemed by a set of Memorandum and Articles of Aswiation based UFon mod61 (k)mnts produc8(I by Charity Commission wllh reglstrallon numbèr 07867602. The company was raglstered Ihe Charlty CcrfnnNssKJn 22 08mber 2011 th chBrfty registration number 1145202.
GUILDFORD POYLE CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Tnjstees. who are also Ihg dirwAor8 for the wrp088 of o)mpany law, and vhK> 8eNed during the year and up lo the dale of ¥ignalure of the financial statements were: Mr Gor(l)n Reid {Chair cl Ihe Twst8•s fri#n 19 May {ResW 1 F8bnJary 20241 20221 D&borah Drury {Grants Chatr) Ms Nicola Freoman Mr Matthew Gray (Jdnt Chairof & Gen Purposes Committee) Mr Barry Marshall IDepKty Charl Mrs Moyr8 M8lravers Mr Tim Metson (Joint Chair of Finance & General Purposes Commitleel Dr Jonathan Norris Mr Mike Evans Mrs Ruth Broth Mrs Sandra Robinsc Mrs Mison Bass Mr Robert lQley Mr Matthew Roberts Mrs Kathryn Mills Ms ALMJrey Howells Mr3Arnda Creese IArffjnrite(12 February 2023 (Ar11tert 2 F6bruary 2023) IA4pinted 1 November 20231 RocruHm•nt and Appolntrnont of Trustws Tha Trustoas vtho hav8 sgrv8d through the p8rKJd and &n( the erwj are set OLA on page 5. Trust8fys are chosen for their knryAedge of the sector the charity w0S in or for other speaalist knowledge quirt lo operate 8 successful charity. Checks are Caffd oul toforè a Twslee 1$ appolnted indude searching itt& Rogister of Removed Trustees hdd at the Chariiy commissi( 8nd the Insofvency Register to ensure c8ndidate5 are eligible lo lake up appointment 8nd obtainirwJ an enhaTK%d dedaration of eligiblity Irorn the candidale. The board of Tluslees MpriSe a minlmum of thw indivK1uals IAJt unloss ottrwise detemined by ordinary re8dutlon. shall not btr subject to any max1Thrn. GuiWI(wd Borough Is r¢$w$t}le for nomlnallng one trustee to serve on the Board ol Truste8& Retlremont ol TTu8tse5 Al each AGM, onUarter of tha Truste8s must by lotsti( is detennirl by those who have been In office longest since thelr apKh)intrnent. There Is 8 m8xlmurn term ol office of ehJht yews. althOh a trustee nw rad9(ad for A furth8r four yéar perfod if Ihey ar8 appoThit8d Chair of the Chsnty Chair(rf any of the Committees.
GUILDFORD POYLE CHARrriES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure On 1 January 2012 the assèts and fIabltieS. except 4b"ng to a peMnant En(knvment Fund, were ¥n3ferred from 'H8nry Srrbith's or The Po6 Charity kwv)wn as Guth Po8 Charities" Ifom)edy Charity nunknr 10781311 lo the new charitalla comrmny. Under Charitiès Act legisl3lNJn Ihe pemwnent End(hvm8nt Fu1 had to kept in th8 original unln¢orporated charity. Th58 unincorporated chaiity has n(M been linked to thè dwtilable ojmpany VH a uniting diraction and glv8n a n8w chBrity number 1145202-1. On 26 January 2012 the TnJstè8$ of the tharity r8signgd aHI the chaiittha cThrry becama Ihe 8¢Jl8 corpwdte Truste8 oflhe uninLWfd charity. These accounts incorporats the results of both lIdfOrd PO CharitiBS {dHrity number 11452021 and The Poyle Charity (united charty number 1145202-11. Trustse Inductlon and Training New Truslees partKipate In an irxluction session to f8nNli8rise Ihemsthes th the th8rity and thè conlext wthin which it cwgtes. Am(vJ other things. this covgryJ". The oll1g8lKS of Trustees . The main deojments vthlch set wi the operalicThl framwot for the (ar5ty Indudlng MOnrand and Articjes ofAss0o8tKJ) The charty's gr8nt Mang guid&15noS . Resourclng and the current finandal as set c4Jt in tho lat ptstr4ished llnts . FulLTr pIar and otyecth8 Talks by relevant 8peakets are organlsfAI throughout the year to help ensurè that kno98 of tha o)mmunlty In vthich Ihg charity operates is upt(kdate and an'AwdydaY 18 h8hl. vthgn wuired. The Trustees. rewt was approved by the Board ofTrustees. rryma haiDrfputy Chalrl Mr Matthew Grny Trusts• Dalg..
GUILDFORD POYLE CHARITIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GUILDFORD POYLE CHARMES I report to the Trustees on my examination of the finanaal stat8m8nts of Guiklford P0Y CharItS[th9 Charity) for th8 year ended 31 Dec8nkn8r 2023. Respon8lbllltI and bo$1$ of roport As the Trustees of th8 Charity land olso its frx the wwses of (xJnpany18wI you are pOnts for tha prgparalion of tho fin8ncial Statnts in acrpxdan( with requirements of thg Compan5tts Act 20Cfj {Ihe 2006 Having satisfied myself that thg financial sialeThnts of tha Charity are Mt roquired to bg auditaj under Part 16 of th8 2( Act and are eligible for indeperKl8nl examination. I report in resFxl of my examinaticsn of the Charity's financial stslements carwl out un(Jer sectirm 145 of the Charibe5 Act 2011 (the 2011 Acll. In cary'ThJ out my examinabon I have folkjwed al Ihe applicable Dire¢ts( givgn by the Chanty Commissts)n undgr $gctton 14515llbl of the 2011 Act Independent gMmln•rfs slat•m•nt I have completed my examlnatkn. I ccth that no matters h8v8 to my gttèntkjn In conn8Ctk)n the &xaminalion giving ouse lo kEIi8V8 th81 in any rnalerial respw aCUntIng rg¢ords Wa not kept tn resK(a of the Charity as r8qulrJ by Se(th 386 of th8 21X)6 Act., or the financial slatements do not a)[ wim those records: 01 th8 financial statgments do not y1h the acoyJnting rw4uir8ments of se) 396 of thB 2Th)6 Ad other than any requirement that th# accourrts givo a true and lair view thich is n¢t a matter )nSIdered 85 part of an indapendenl examinath)n: or the finanael statements have not b8en Wapd in accordanc8 the m•thc#Js princy18s of th& Statement of Recomm6nd6d Pracb'cè for 8C(x)unting arNJ r8rKxb"ng by ehariti8s applicablè to chadt188 èpariro thelr 8¢¢wnts in a(wrdanc8 with th8 Fan1 Rowrting Standard applicabb8 in the UK a1 Republic of Ireland IFRS 1021. I have con¢%ms ar¥J have C(r ac¥oss r*) other matte[5 In connectth the examlnauon to whlch altentlon should be drawn In thls rep)rt In order to enatla a PDJp8r uThl&rslandlrKJ ol tha finandal stat8m8nts lo b& raached. Stsphon Mèredith FCA DChA Frfary Court 13-21 Hlgh Street Guildford Surrey GU1 3DL
GUILDFORD POYLE CHARITIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Total Unrestricted Enthwm8nt fund$ fvnds 2022 2022 Total fvnds 2023 lunds 2023 2023 2022 Donatlons and k8gades Investments Other inojme 12.377 32,378 151,(th) 12,377 136237 13.310 22.645 148.O¢XI 13,310 134.971 103.859 1151.1YN)I 112.326 I148,)0> Total Incomè 195.755 (47,1411 148,614 183.955 135,6741 148.281 R8lslng fvnds 6.939 28.798 35,737 5,458 29,269 34.727 Charita6 activit*s 188,05T 188,057 178.328 178.328 Totsl ¢h8rftsblb oxpondltur• 194,996 28.798 223,794 183.786 29,289 213,055 Net operating Ideficlt) 759 (75.9391 175.1801 169 164.9431 {64.7741 Not gaSnslOoss8sI Inveslments 12 179,(K)2 179.IKJ2 1349,976) 1349.9761 Nfjl movgm•nt In fund8 759 103. 11YJ.822 169 1414,9191 1414.7501 Fund bal8ncos at 1 January 2023 .809 4.564.487 4,615,296 50.640 4.979,405 5,030,045 Fund b4•nc•$ at 31 08cemb8r 2023 51,568 4.667.550 4.719.118 50.8Ce 4,564,486 4.615,295 The statement offinandal aclfvitTes tndudss al g8lns arNJ k1s8es reCjnIj In the year. Th8 statement of allal actN4tss Indudes 81 g8ins 81 k)88es rw)Jgni8ed in the year. All 8nd expenditu delive from contynuing odNi1&
GUILDFORD POYLE CHARITIES SUMMARY INCOMEAND EXPENDMJREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 AM Incon fundB 2023 2022 Gross income 195.755 183.955 Total expendltura from Ino)me fuThJ5 194, 183,786 Not Inconw forthe year 759 169
GUILDFORD POYLE CHARrriES BALANCE SHEET ASAf31 DECEMBER 2023 2023 2022 Flxod as8Ot8 Tangible assets Investment prowues Investyngnts 14 15 16 42.059 557.94f 4,108,721 42,059 557.941 4.011.551 4,708,721 4,611.551 Currgnt a$s Debtors Cash at bank and in hand 17 29,997 31 A37 34.654 Credltors: amoth fAlllng dug wllhlTr on• y•or 18 (21.040) 130.9101 Net alrn1 assets 10,397 3.744 Total a88•ts l•ss eurrnnt li•bllltl¢• 4.719.118 4.615.295 Capltal funds Endowmgnt funds- genwal Incomefvnds Unrestrfct8d funds 4.867.550 4.564.486 51,S68 50,809 4.719,118 4,615,295 Th6 company Is éntldad to thè eXempOn from Ihe audlt r&wlrernent ccffitslned kn section 477 ofthe Companks Act 2006, for the Iwar gnde(131 Decwnbof 20ZJ. The directors aCknOedge their reSpL1b1IrtIeS for cCrfnp'Thj wilh the requirements of the Ccffipani85 Att 2tK16 th respeot lo accounting records 8nd th& of fin8n¢ial statemonts. The members have not requi1 fv o)mFony lo thain an wdlt of rts financl818latements for thè y&ar in question In a)rdance with 8eclion 476. These flnandal stalwnents have been prepar•Y In aCLx1thn with the w0vistLS apFAicabl8 trj (xmnplos subject to the small cofflpanies regime. The fin8ncA81 statèments were apwowj by the Trustees f Mr Tr arnW•puty Ch Gray ts0 Trustee Company R•gl•tr•tl¢)n No. 07867602 10-
GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢19 poll¢le¥ Charlty Infomiatlon Guildford P0Y Charibes is a Vate ccknparty tsmiie¢J by guarantee Inrated in Énglanfl and Wdes. The r8gislered office is 208 HKJh Street. Guildford, sUy. GU13JB. 1.1 A¢counUng ¢onv•ntlon The financlal slalernents have teen prepared In cOrdanCe wlth tr C(m7panles Aca 2006. tho Charbtfjes Act 2011 and "Accounb'ng and f19ptsg by Charities." Statemer)l of RecornfflerKled PfBcbc8 applicable to chantiès préparing Iheir accJ)unts in aOrdanCe vthh Ihe Finanaal Standard alcab in the UK and R8public of IrelaThl IFRS 1021 {effective 1 January 20191.. Tho d)arity is 8 jbIl¢ Benèfit Ety as d8fin8d by FRS 102. Tho charity has taken thantagg of the promsiwts li lh8 SORP for (a)arits85 $t lo prepar8 a Stslemant of Cash Flows. The finar181 statements ar8 pr8par8d in sl8rfrwJ. whith is thè fuNion81 currency of the Charity. Monetary arTK)unts in th888 fmancial 8latsments are rOuled to the nearest £. The fInar181 Ststents have been prepaMI the hlstor41 cx>st conventk)n. The pndpa1 accountlng pdldes 8dopteil are set ryjt knv. 12 Golng conearn At the time of wro¥Ang thtr financial statements. the TnJ8tee8 have a reasonable eXpeCtatL that the Charity has adequat8 resources to continue in operaticnal BstanC8 for Iha foresaaat40 futurg. Thus Trustsès continue lo adopt thè going concem basis of accounting in preparing the fin8rrial statements. 1.3 Charltsblo funds Unfeslricled funds availablo for use 8t discre1k of Ihe Trustees in futherance of thelr chgrltable obje¢ttve8. Reslrfcled funds are SleCt to stth¢ condmcms by ¢jon(S or grantors as to how thoy may be used. Th& purposes 8rKI u8es of the T8slri(aed luThJs e set the rh)tes to lh8 financ statsments. Endowment funds are sutyecl to speth cOlItiOnS by dor•)rs th8t the must be m81nlain6d by Ihe Charity. 1A IncomÈ In¢ome 1$ recognlseil vthen the Charity 15 legaly enlilled lo It after any perfom)ance conditk)n$ hwg been mel, the amounts can be nwsura rdSatty. and it is yobabk that Inc0 wll be ro(fved. Cash donatrons are recognised on r8c6ipt OthertiOrS Bro rgKgnisad tho ChBrity h8s notrfd ol the donation. unless pèrfOmnCa condttK)ns r8quSrB deferrdl of the amount. In(x)me tax recoverdble in relation to {Jonali8 under GiftAwJ (* deads of (a)venant is recognised at the tim8 of the donalS0n. Legacies are recoJnised on receipt or otheNse rf the Charlty has bo8n noJfiod of an Impondlng d1stribu1. the amunt Is kTh)wn, aml r1p1 Is èxpecled. If thè arTb)unl Is not known, th8 bgacy is treated as a conUngent 88s8t. 11
GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (COKllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng polkhs Icofttlnugd 1.5 Exp8ndlturg Expondilure is recognksed once thère is a Wl or constructive to transfer aconomic benefit lo a Ihirtl paty, it is probat49 that a transfer of 80)nomic banafits wiu be r8quw&J in satU8m8nL and tha amounl of the otligation can be measured reliatty. Expenditure Is dassfRd by activity. The costs ol eath actmty arg madg up of thg totsl of diwl cosi$ 8nd shared costs, Including suppcwi costs involvgj in undertaknThJ eac actmty. Dir8¢t costs 8ttribLrtat48 to 8 single aclivlly 8r6 8110¢8ted dlrpclly to th818dlvty. Shawl costs whlch cont18 to mre than one advlty and support costs which are rKsl attribJtat4e to a single activity are those 8ellvlJ8$ on a basls eAMsislent Mth the use crf resources. Central staff costs are alCt] on th8 ba3 of time spent, and (lgpredatlon (affJgS 8re allted on Ihe pKJrbon ofthe asset's use. expen(liiure is accounted foron Ihe ac(jS basls incJsfve of VAT. . RaNng funds compr(xnise thctse ¢osts dknecty attribut8blg to rnan1ng investment pothfios. - Charitable actiwbes indJe grants made together th rdevant ppt and govemance costs. - Grants 8re ch8fged In the y92r that Ihey are appr¢)ved for payment No gts are defvrred. - Other expenditure represents thw ctyts fathng into other headlngs. 1.6 Tanglblg ffxod asjets Tanglble fixed assets are InallY measureh at cost and sub5equenty measurtd at ts)sl or valuallon, nel ol depr8ctrali¢M arKJ 8ny impaimienl108808. Individu81 fix8d asgets c(tIng or are cawtsl8&J al co8L DepreatiOn is recogni1 so as to off ts cost (* ValOn ofoss8ts19SS thgir rn5Klual value$ over thgir useful INes on the follorJ base5: Computsrs and cffte equipmant 33% Straight I8 Freehol(118fKI an(1888ets a not deptell. The gain or k)ss arising on the dispos of an asset is deleminl as lh8 dNIgnce bgtwegn thg Sale prnedS and the caffying value of the asse( and is recogThsed in the statement of financial aVities. 1.7 Invgstmovt propertl•J5 Investment property. Is held to 8Am rgttsLs c8W apprac58tion. Is inthally rec>)gnised al cost, which indude5 the purchase ctsst and any ¢Jire¢tty attributsNe expendtture. Subsequently il is m8asur8d at fair value at the rertIng er dale. The sl$ cf deficit on revaluation is r8CO9nised in Statemont of Finano81 A¢tiviti8s. 1.8 Flx•d ass Invesb)i•nts Fixed assel investments are initk81ty measured at Iransth pJice exdud¥vJ trantIOn costs, and are subsequenuy me8sured al fair v81ue 8t e8ch re9 dale. Changes in fair v8kne 8re rgcognknd In net incomel{exp8n(Jiturel for the year. TranStn (xts are expensed as Inrd. 1.9 Impafrmènt of Ilx•d assets At each repoiting and date. th& Charity revlws the of its tangitle assets to detemine whether Ihere Is any 1ndk%l th81 those as80ts hBve suifered an ImpalMnI 10s5. If any such Indtstlon exists. the recoverable arUnt of the asset is estimated in order to determine the extent of the irnpairment loss lrfany). 12-
GUILDFORD POYLE CHARMES NOTES TO THE FINANCIAL STATEMENTS (cOriNUED> FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollclgs Iconllnuedl 1.10 C•#h and cash eqth Cash and cash equivalents indLwJ• cash in hand, deposits hekl at ¢>ll wlh banks, other short-term liquid Investments with original matsJriti8s of thr86 N¥)nths tr Jess. and bank ¢)verdrdfts. Bank overdrafts are shown within bOrrOng$ in currenl liabilities. 1.11 Fffimnclal In¥lruments The Charfty ha5 elected lo appty the provisions of Sedon 11 'Baslc Finandd Inunw)ts' an(1 Section 12 'Olher Financlal Instruments Issues. of FRS 102 to all of Its financlal Instrum8nts. Fln8nd81 Instruments are recognisejj in the chtys bala slwt th& Chanty t)8comes pwty to the contractual prowsions of the inslnJmenL Flnan¢lal assets and liabilrbes are offset. with the net amounts prgsent8d In finanoal statements, wh8n there is a legally fOreatrIe right to set off the re¢ogniwJ amounts and thore is an intention to setde on a net basis or lo realise the assel and Setde the Ikgbilily Sir11. Baslc flnanclal4s$•ts Baslc finandal 8ss8ts. whth debtors and cash and bank balance8, gre InMS8ty me88ured al trans8dion price includiro ITansacllon costs and subsequently carrtod at aM09ed cost uslng the effecllve interest melhod unkss the orrangomont (xxwtutes a ftnandng transadlon, where the transacllon Is measured at the pr6sgnt vath of the future rIpts dlso)unted at a mark8t rate of Interest. Flnancial assets dasslfiad as r8cfvalAe Vlithin one year are Th)t arnorbsed. Baslc ffnonclal IlablllNos Basic flnBncial li8billtss, induding creditors and bank bjans are initialty recfJnis8d at transaction pri( unlass Ihe arrangement C4JnStitut8$ a finandng Wansirm, where the debt instrumont is measur8d at iho pres8nt value of th& fulur8 payments disCnI¢d al a market rate of interesL Financi liabiltios dassified a$ payable w51hin ong year are not amorlised. Debt instruments are subsequ twrted 8t8nxyllsed ccrt Using the effec11 interest raie method. Trade crodllor5 are obligatS to pay frjr gcojs that hgv8 twi acqulrod In thè ordir)ary course of operatbns from suppliers. Amounts payatltr are dassthe(l as current IlabllHle5 if paYl is due within one year or loss. Ir not. they are presented as non-OJTrent Ilabllltles. Trad8 CrEdorS are recognlsed Inillally at tran8aCt price and subsoqu$nUy msU[0d at al[$d o)5t uNd the effec¢ive Inte81 melhod. DeFv¢ognltloft of financlal Ilabllllles Financial liabibtiès are derecwised vhwi the ON301)nS owre or 8re dk8charged or cancdled. 1.12 Employee 11efi The cost of any urnjsed IKlhJ8y en¢1#mlS re¢oJi¥ed in Ihe perKJ whKh ts employeo'$ S¥tvlces are rocelved. Termlnalh)n benefits are recognlswj Imr1d8tY as an eyPere vthen the chlty is demonstrabty o)mmitted lo t8rmlnale the empbyment of an emF4oyee or to provlde tennlnollon benefits. 1.13 R8tlrom•nt benefits Paymants lo defined ojntsibution r8ttrom8nt b8nofft S¢1 ara chty as an gywnse as they fall due. 13-
GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Crltlcal accounting estimates and juduements In thts #pICatiOn of the Charitys accounung Folcles. th8 Trustees ar& roqulr8d lo make jLKlgements, estlmates and assumptions about the amount of assets and loalItieS that are rK•l readily apparent from olher sotsr(s. The estim8les and assodatsd assumptions are based on hlstorfcal experf8nce atyj Olher factofs that are consldared to rBlwanL Adu81 r8suAs may differ from Ihe5e estwnates. The 8sbmal8s aThJ und8rtWng assumptions are rBvièw8d on an owng b85i8. Rgvi8ion8 lo a(zounbng estimates ar8 recognis8d th9 in whith the estimate is Tevi8ed wher8 the revisicn affeds rmly that period, or in the riod of the and ftrture pericJs where the revigon affocts trM)th cutyènt and future p8riods. Income frnm donatlons and l•gad•s Unr•stri¢tsd Unrnstrlcted fund• funds 2023 2022 DOnadOr a1 gifts 12,377 13,310 Invgstrn•nls unrosts1¢t End¢x¥m•nt fvnds funth goneral 2023 T¢tsl lthrestricted Endowment funds funds general 2022 Total 2023 2023 2022 2022 Rental income Income frofn listed Investments Interest 32.[67 32.067 22,514 22,574 103,859 13,659 311 112.326 112.326 71 311 71 32.378 103.859 136237 22,645 112,326 134,971 14-
GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Other Incom• Total Unreststhl EndovMnt fvnds 99ngral 2022 Tcéal funds fvnds gongrnl 2023 2023 2023 2022 2022 ReEeased frcth UnaWt8d Totsl Rglum 151,0 (151,0) 148.C 1146,ThJOI Ralslng funds Unr9strfet Endry•mwnt fvnds Tolal Unrestrtfj Endcpwmenl fvnd$ funds general 2022 Total gtrnernl 2023 2023 2023 2022 2022 InvestThnt manogement fees Support costs 28,798 29,784 702 4,756 29,269 29,971 4.756 28,798 35.737 5,458 29,269 34,727 Expondltura on charflAblo actlvlllos Unr•strlct•d Llnr•strleted Fund Funds 2023 2022 Dlrget eots Grant funding of a(ai¥eS (see rK)le 81 146,459 133,553 Sharg of support and gov•man co8¢818eo nots 9) Support Govemanc* 35,525 6,073 33,940 10,835 188.057 178.328 Anatysls by lund Unrestrlct6d funds 188,057 178.328 15-
GUILDFORD POYLE CHARITIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payab Grants to organlsafjiy)8: 2023 Boxgrove Primary S¢h¢xl Bushy Hill Juthr S¢h(K)I Burpham Pdmary SthoK Chrfsts College Guildford County Sctw)ol Gulldford Grov8 Hdy Tdnlty Junlor SdK Kings Cdl8ge M8rrow C of E Infanl SthoL4 Northmead Junlor School Onslow Infant S¢Trul PevAey Down Infant S¢hc Queen Eleanors Junior Sandflg11l Pdm8ry School St Josephs St Petgrs St Thomas of Canterl)ury Cathc4tc Prknary Schtx Stoughton Infant Sthool Weyfigld Primary Wwd Street Infants Worplesdon Primary Schc)I Holy Trinily SchooVGuiklFord nty Schod, Tatking Teens Parenliro Course SATRO, Vocatk)nal Conslru¢tion Programme in cdlaboration with Hal(M's Bulding Fulur9S Projeci Reskilled, Year 2 {gmbe(Iding) Church H0rn81sss Trust ICHT>- Person surwt and ies8tllem8nl grants for dlents at Vaughan House. St Samour's and tho Number five Proied Guildford Shakespeare Company IGSCI. In Our Siars Guildford Baptist Church. The Ukraing Hub GASP Motor Project- TrainirwJ in motor m11 fLY disOnIa9 aThl di8&wged young people South Wesl Surrey Dom85lAtse ServKe, Fatrish Chlldron's lknaL Servke St Peter's Shared Churth Gulldf¢yrJ- Conwnunity Menta Hearth first aKI trainiNJ in Stoke Ward (Now BellNekds and Slyfield) Headway- Friday Friends Dropin for brain injury suN¥ors Soulh-W8St Surrey A$$¢xaal¥)n of ment Health- ThB Cantert)ury Care Centre Desllnation Pond Meadow- towards kttchen refurblshment and café Guildford Town Centre Ch8plJincy- CommunltyAmgoks Prqect Emerge Advocacy- Emerge Royal Surrey SW Surrey R8fugÈ- Happy Christmas Pr(¥ect George AL¥)t School-YouryJ Carers Group Challengers- challerr$ Guihjford Palyscheme antl Youth scheme Th& Eikon Charity- Youth Supp)rt PTactslioner Projramme. Kings thleg8, Guildford Oakleaf Enterprfs$- C(Ye Costs Delight- Delight wlth Gvildford Grove Prknary S(KwA arKI Weyfidd PrimaryA(demy. Hom8-Start- Core Costs CHIPS 2024: SurwrtwvJ vuIrbIg North &JWi¥d thil¢hn aThJ famil 980 340 800 5.790 2.430 2.660 420 1,440 1,010 240 370 370 890 $40 990 310 720 2,110 100 100 868 3.000 5.000 5,000 5,000 3,500 4255 1,894 4.266 5,625 6,000 6.000 600 460 5,100 6,000 5,000 6,555 5,000 7.500 Tolal 123,624 16-
GUILDFORD POYLE CHARrriES NOTES TO THE ACCOUNTS (CONTINUED) FOR THEYEAR ENDED 31 DECEMBER 2023 Grants payable (Conlonuèd) Grants to indirfdual$ 22,835 146.459 Support ¢osts Support Govtmanee Costs 2023 Support Govemance costs 2022 Staff costs orrts adminSslr8tive expenses Office expen8e8 Repalrs and renewals 32,1V2 32,192 29,030 29,030 4.032 4.986 4.032 4.983 4.160 $23 4,983 4,160 523 1rn1ependenl Examlnath)n A¢countancy Legal and kwdessional 3.360 2.280 5.195 2.280 2.280 433 2.280 5,195 41.478 6.073 47,551 38.696 10.835 49,531 FundrAising Charitablè a¢bwlio8 5.953 35,525 4.758 41,598 33.940 4,756 44,775 6,073 10.835 41878 6,073 47.551 38,696 10,835 49.531 C(Jvemance costs inclLkle8 palnts of £5.640 (2022: £6.6401 tr aox)unl8n¢y aNJ the IrKlepend8nt 8xamination lees 10 Trustees None ol th8 Trustegs lor Y ctnneded ryth them) re1Ved any rernurorat1c or b8nefits frTrm the Charity during th8 year. 11 Employe The average ntY numberofempioyees dIng the yearwas: 2023 Numbar 2022 Number 17
GUILDFORD POYLE CHARITIES NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Employe•8 IConUnu•dl Employm•nt costs 2023 2022 Wag&8 and 881arles Other costs 31,603 28.548 482 32,192 29.030 There We no empkny whosè 8nnuo1 remUrW8tiL was than £60,(XJ). 12 Galns and los on inve•lments Endowment Endowm•nt funds funds 2023 2022 Gainslllo&8è$18d81ng on-. Revaluatlon of Invothients Sala of Invgstmgnts 191,453 112,4511 {203,390) 1146.586) 179,r 1349,978) 13 Taxatlon The charlty Is exeryt from taxauon on tts thINos U8 all rfs I6 L8 apklled for charitable purposes. 14 T•nglbl• flxod •Mets Fr•ghohl C(Mnpuws and •nd offi •qlllpm•nt Tolal Cost At 1 January 2023 42.059 1.570 43.629 At 31 December 2023 42.059 1,570 43.629 l)epreclatlon and Impalrnwnt At l January 2023 1,570 1,570 At 31 December 2023 1.570 1,570 Carrylng amoufrt At 31 08¢ernber 2023 42,059 42,05S At 31 December 2022 42,059 42,059 18-
GUILDFORD POYLE CHARITIES NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 15 Investmont proporty 2023 Fair vllue Al 1 January 2023 and 31 tlc8mlw 2023 557.941 Investsrent prokwty brcwght forward ujmwiges rcds wrth a Trust80 v8lu21ion of £25,000 IY)22.. £25,cThJ) eath. In 2014 Ihe Truslegs reC(sjO(0d Ihis Valuat of Ihg fr8èhokl investments after con8ulling people wlth appropriate and 0)nfW the rn)llor vath of£25,0(X) remins appropiiato. Investsnenl property aL80 comprises of the w0portn of freehokl property which i8 (rrentlY beirvJ rented lo Ihird parties. The lair value of Ihg investmgnl Ixoperty has been 8Thive(l al on the basis of Ihe vabJation ¢arried out in NOveMr 2019 by Owen Shipp Chartered Surveyors. who are not connected with the Charity. The valuation hwds made on an open market v4ue ba$is by referen( lo matht evid8nce of tr8nsaction prices for similar prowies and the tsustegs rwJ8rd Ihls as th8 8ppr0wte vuatiOn at the year end. 2023 2022 Fraehold 557.941 557,941 16 FIX as8•t Invthnts Llstod Inveslm•nts Cash In portfollo Total Cost or valuatlon At 1 Januory 2023 Additions Valuation chan DiSposS 3,878,811 453.110 191,453 1541,1311 132.740 4,011,551 453,110 191.453 1547,3931 16.2621 AI 31 DgC8mber 2023 3.gV2243 126.478 4,108,721 Carrylng w)ount Al 31 De¢ember 2023 3,982.243 126.478 4,108,721 At 310Cml 2022 3,878.811 132.740 4,011,551 17 Dobtor8 2023 2022 Amounts f•Mlng du• wlthln ong ygar. Prepayments and arUe inc 1,440 19-
GUILDFORD POYLE CHARITIES NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Credltor8: amounts lamlng du• thlthln y 2023 2022 DèferTod incom9 Other cr8dltors Accruals a1 d$3fmd Income 19 6.295 15.000 9.615 15.000 6.040 21.040 30,910 19 Deferrnd Income 2023 2022 Other deferrod Inccffie 6.295 DeleTred In0J Is Induded In the flnanLyal stalnts a5 fDbws: 2023 2022 Dgfgrred in(x)me Is Indudl V•llhkn.' Currnnt liakxlities 6,295 Movements in the year Dfarr Inixjmé 8t 1 January 2(Y23 Released from prevlous rt(KIS Resources defgrnd in th8 y8 6.295 ie,2951 2,914 {2,9141 6,295 Deferred Inc4yne al 31 Dwnber 2023 8,295 Deferfed income relatss to rent Ialv8d advarKe. 20 Endowmgnt fund Endohvment funds represent 889ets which musl hehj perrronenlly by the Charfty. IncJJne arising on the endowment lunds can be used in accordance with ihe objects of the Charily and 1$ I[KI¢d 8s unwtrkled in(x)me. Any ¢apilal gains or bssos wing on tho 8S8ets frKm ol the fund. At 1 Janu•ry kncomlng Resoure¢$ 2023 re8our¢ts expended Galn$ and losses At31 December 2023 Pemianont 8ndowm9nt8 The P0e Charfty 4.564.487 (47.141) 128,798) 17g.002 4.667,550
GUILDFORD POYLE CHARITIES NOTES TO THE ACCOUNTS (CONTINUED) FOR THEYEAR ENDED 31 DECEMBER 2023 20 Endowmolrt fund• Icontlnuèdl Prevlous Yr. At l J•nu•ry 2022 In¢omlng R•sourco8 Galns and At31 10ssos Dg¢ombor 2022 Prmat ondowments P0Y Charlty 4.979.405 135.6741 129.269) 1349,976) 4,564,486 21 UnrBotricted funds The unfeslrf¢Xed funds oftho ¢havlty comwl8e the wwnd8d baknces ofth)nthns and grants whlch are nol subject to Speaf conditicS by donors and grantors as to h(M may be use¢J. These incIJe designated funds which have sèt osKI8 txrt of unrpstricted fvnds by the trustees lor SFeafic purpos8S. At l January 2023 Incomlng r•sourcgs Rosourcos At31 oxp•ndad Dwmb•r 2023 ner81 fLmd$ 1.809 195.755 1194.$96} 51,568 Prnvlou$ y••r: At 1 January Incomlng 2022 rnsour¢•$ Rasourcos •xpondod At31 Docgmbor 2022 General funds 50,640 183.955 1183,7861 50.809 22 Analy815 of not as80ts b8ts¥•en funds Unr•8trlctod Endowmènt funds fund$ 2023 2023 Total 2023 Fund balan¢•8 at 31 DeCemr 2023 are ropresented by: Tangible assets Invéstment proF*rfies Investments Current assetsl(lalJlM8s} 42.059 7.941 4.067.SKJ 42,059 SS7,941 4.108.721 10,397 41.171 10,397 51.568 4.667.550 4.719,118 21
GUILDFORD POYLE CHARITIES NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 22 Anaty8lB of nat a880ts botw•gn fvnd• (Contlnuod Total fvnd$ 2022 fund• 2022 2022 Fvnd balances a 31 Dffombwr 2022 •r¥ roww•nl•d by: Tangible asseis Inv8stmènt prop8rt18S Investments Curr9nl assgWUiaknliti851 42,059 557,941 3.964,486 42,059 557.941 4,011,551 3.744 47,065 3,744 50.809 4,W,486 4.815,295 23 Rolatod party tran¥a¢tlon¥ Thero were 2 related p8ty trans8thns thè éndod 223. (2022- 2) Trustee of Gulldford ChwlUe4 Moyra Matrd¥eYs. works for GASP and thoy were awanled a grant In th y6ar of £4,255. Trustee of Guihglord Ptye Charilitrs. Mils. kS for D8lW and tw wre awardBd 8 gJant in Ihe year of £6.555 Apartfrom the aklve. there wer8 no fvrthar rdal8d pty traMactiorts.
GUILDFORD POYLE CHARITIES NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 22 Total Retum Endowm1 Unappli Tot Retum Total At 1 January 2023 Trust for Investment unapled Total Raium 2.425.155 2,425.155 1,539.331 1,539,331 Tot81 2.425.155 1,539,331 3,964,486 Mov8m8nts In reFyyting perlod Inveslmonl retum: Divid8nds and Interest Investment rgtum: Realised arnj Unrealis&J gar and Oosses) Less.. Inveslmenl managers ( 103.859 103,859 179.003 {28.7981 179.003 128.7981 Total 254. 254.064 UnaprA¢ed Total Retum alkn>led to kn¢x)m8 kn th8 Tepjrting perK (151.0001 1151.0001 Net movement8 In pOrting pml 103,C64 103,064 Al 31 December 2023 Trust fly Investment Lh)applied ToLIl Rebjm 2.425,155 2.425.155 1.642,395 1.642,395 Totsl 2.425.155 1,642,395 4,067,550