| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 to | 3 | |
| Independent Examiner's |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes tothe Cash Flow | Statement | ||
| Notes tothe Financial Statements | 9 to | 16 | |
| Detailed Statement of | Financial Activities | 17 to | 18 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| fund | funds | |||
| Notes | E | E | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
445 | |||
| Investment income |
26,428 | 33,845 | ||
| Total | 26,873 | 33,845 | ||
| EXPENDITURE | ||||
| Total expenditure | 272,191 | 283,088 | ||
| Total | 272,191 | 283,088 | ||
| Net gains/(losses) on investments |
166,652 | 585,352 | ||
| NET INCOME/(EXPENDITURE) | (78,666) | 336,109 | ||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward | 2,987,386 | 2,651,277 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,908,720 | 2,987,386 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | f | E | ||
| FIXEDASSETS | ||||
| Investments | 2,549,580 | 2,698,805 | ||
| CURRENT ASSETS | ||||
| Debtors | 50,025 | 37,725 | ||
| Cash at bank | 314,460 | 255,650 | ||
| 364,485 | 293,375 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
10 | (5,345) | (4,794) | |
| NET CURRENT ASSETS | 359,140 | 288,581 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 2,908,720 | 2,987,386 | ||
| NET ASSETS | 2,908,720 | 2,987,386 | ||
| FUNDS | ||||
| Unrestricted | funds | 2,908,720 | 2,987,386 | |
| TOTAL FUNDS | 2,908,720 | 2,987,386 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | f | E | ||
| Cash flows from operating | activities | |||
| Cash generated from operations |
(266,752) | (286,145) | ||
| Net cash used in operating | activities | (266,752) | (286,145) | |
| Cash flows from investing | activities | |||
| Purchase offixed asset investments | (769,711) | (917,865) | ||
| Sale offixed asset investments | 1,085,587 | 1,303,769 | ||
| Interest received | 9,686 | 16,976 | ||
| Net cash provided by investing activities |
325,562 | 402,880 | ||
| Change in cash and cash equivalents |
in | |||
| the reporting period |
58,810 | 116,735 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 255,650 | 138,915 | |
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
314,460 | 255,650 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| f | E | ||||
| Net expenditure for the reporting |
period (as per the Statement of | ||||
| Financial | Activities) | (78,666) | 336,109 | ||
| Adjustments for: |
|||||
| Losses/(gain) on investments |
and | reorganisations | (166,652) | (585,352) | |
| Interest | received | (9,686) | (16,976) | ||
| Increase | in creditors | 552 | 2,574 | ||
| Increase | in debtors | (12,300) | (22,500) | ||
| Net cash | used in operations | (266,752) | (286,145) |
| At 6.4.21 | Cash flow | At 5.4.22 | |
|---|---|---|---|
| f | E | f | |
| Net cash | |||
| Cash at bank | 255,650 | 58,810 | 314,460 |
| Total | 255,650 | 58,810 | 314,460 |
| 1. | ACCOUNTING POLICIES - |
ACCOUNTING POLICIES - |
continued | ||
|---|---|---|---|---|---|
| Fund accounting | |||||
| All funds are | unrestricted | funds. | |||
| 2. | DONATIONS | AND LEGACIES | |||
| 2022 | 2021 | ||||
| f | |||||
| Donations | 445 | ||||
| 445 | |||||
| 3. | INVESTMENT | INCOME | |||
| 2022 | 2021 | ||||
| f | f | ||||
| UK Dividends | 9,300 | 8,217 | |||
| Foreign Dividends | 7,442 | 8,652 | |||
| Deposit account interest | 4 | ||||
| Foreign deposit interest | 6,055 | 8,198 | |||
| Fixed interest | 3,631 | 8,774 | |||
| 26,428 | 33,845 | ||||
| 4. | GRANTS PAYABLE | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Grants to institutions | 230,224 | 250,324 | |||
| Grants to individuals | 16,734 | ||||
| 246,958 | 250,324 |
| Governance | ||||||||
|---|---|---|---|---|---|---|---|---|
| Other | costs | Totals | ||||||
| f | f | f | ||||||
| Investment | management | costs | 20,438 | 20,438 | ||||
| Other resources | expended | 3,120 | 3,065 | 6,185 | ||||
| 3,120 | 23,503 | 26,623 | ||||||
| Support costs, included | in | the above, are as follows: | ||||||
| 2022 | 2021 | |||||||
| Investment | Other | |||||||
| management | resources | Total | Total | |||||
| costs | expended | activities | activities | |||||
| f | f | f | f | |||||
| Sundries | 2,617 | 2,617 | 458 | |||||
| Administration | support | fees | 295 | 295 | ||||
| ITsupport costs | 208 | 208 | 1,382 | |||||
| Investment | management | fees | 20,438 | 20,438 | 23,655 | |||
| Lega Ifees | 1,950 | |||||||
| Accountancy | fees | 3,065 | 3,065 | 2,574 | ||||
| 20,438 | 6,185 | 26,623 | 30,013 |
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| f | |||
| INCOME AND ENDOWMENTS | FROM | ||
| Donations and legacies |
|||
| Investment income |
33,845 | ||
| Total | 33,845 | ||
| EXPENDITURE ON | |||
| Charitable activities |
283,088 | ||
| Total | 283,088 | ||
| Net gains/(losses) on investments |
585,352 | ||
| NET INCOME/(EXPENDITURE) | 336,109 | ||
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward | 2,651,277 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,987,386 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| f | |
| MARKET VALUE | |
| At 6 April 2021 | 2,698,805 |
| Additions | 769,711 |
| Disposals | (1,151,746) |
| Revaluations | 232,810 |
| At 5 April 2022 | 2,549,580 |
| NET BOOK VALUE | |
| At 5 April 2022 | 2,549,580 |
| At 5 April 2021 | 2,698,805 |
| DEBTORS | |||
|---|---|---|---|
| 2022 | 2021 | ||
| f | E | ||
| Amounts falling |
due within one year: | ||
| Other debtors | 25 | 2,525 | |
| Amounts falling |
due after more than one year: | ||
| Loans C Fairbairn | 15,200 | ||
| United Authors | loan | 30,000 | |
| Subscription Rooms loan |
20,000 | 20,000 | |
| Aggregate amounts |
50,025 | 37,725 |
| 10. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||||
| f | ||||||
| Other creditors | 5,345 | 4,794 | ||||
| 11. | MOVEMENT | IN FUNDS | ||||
| Net | ||||||
| movement | At | |||||
| At 6.4.21 | in funds | 5.4.22 | ||||
| E | E | E | ||||
| Unrestricted | funds | |||||
| General fund | 2,987,386 | (78,666) | 2,908,720 | |||
| TOTAL FUNDS | 2,987,386 | (78,666) | 2,908,720 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| E | E | f | E | |||
| Unrestricted | funds | |||||
| General fund | 26,873 | (272,191) | 166,652 | (78,666) | ||
| TOTAL FUNDS | 26,873 | (272,191) | 166,652 | (78,666) | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 6.4.20 | in funds | 5.4.21 | ||||
| f | f | f | ||||
| Unrestricted | funds | |||||
| General fund | 2,651,277 | 336,109 | 2,987,386 | |||
| TOTAL FUNDS | 2,651,277 | 336,109 | 2,987,386 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f | E | E | E | ||
| Unrestricted | funds | ||||
| General fund | 33,845 | (283,088) | 585,352 | 336,109 | |
| TOTAL FUNDS | 33,845 | (283,088) | 585,352 | 336,109 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 6.4,20 | in funds | 5.4.22 | ||
| f | E | |||
| Unrestricted | funds | |||
| General fund | 2,651,277 | 257,443 | 2,908,720 | |
| TOTAL FUNDS | 2,651,277 | 257,443 | 2,908,720 |
| the abo | ve are | as follows: | ||||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources f |
expended f |
losses f |
in funds f |
|||
| Unrestricted | funds | |||||
| General | fund | 60,718 | (555,279) | 752,004 | 257,443 | |
| TOTAL | FUNDS | 60,718 | (555,279) | 752,004 | 257,443 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 445 | |||
| 445 | ||||
| Investment income |
||||
| UK Dividends | 9,300 | 8,217 | ||
| Foreign Dividends | 7,442 | 8,652 | ||
| Deposit account | interest | 4 | ||
| Foreign deposit interest | 6,055 | 8,198 | ||
| Fixed interest | 3,631 | 8,774 | ||
| 26,428 | 33,845 | |||
| Total incoming resources |
26,873 | 33,845 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Grants to institutions | 230,224 | 250,324 | ||
| Grants to individuals | 16,734 | |||
| 246,958 | 250,324 | |||
| Finance | ||||
| Bank charges | ||||
| Support costs | ||||
| Other | ||||
| Sundries | 2,617 | 458 | ||
| ITSupport fees | 208 | 1,382 | ||
| Administration | support | fees | 295 | |
| 3,120 | 1,840 | |||
| Governance costs |
||||
| Investment management |
fees | 20,438 | 23,655 | |
| Carried forward | 20,438 | 23,655 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | f | |||
| Governance costs |
||||
| Brought forward | 20,438 | 23,655 | ||
| Lega Ifees | 1,950 | |||
| Accountancy fees |
3,066 | 2,574 | ||
| 23,504 | 28,179 | |||
| (Profit) / Loss exchange | rates | (1,394) | 2,745 | |
| Net expenditure before gains and losses |
(245,318) | (249,243) | ||
| Realised recognised | gains and losses | |||
| Realised gains/(losses) | on fixed asset | |||
| investments | 23,609 | 34,200 | ||
| Net expenditure | (221,709) | (215,043) |