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|||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|
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||||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|
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||||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|
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|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)|