| Reference and Administrative | Reference and Administrative | Details |
|---|---|---|
| Trustees' Report |
||
| Trustees' responsibilities | ||
| Independent auditors' |
report | |
| Statement offinancial | activities | |
| Balance Sheet | ||
| Notes to the financial | statements |
| Unrestricted | Total Funds | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Flinds | 2023 | 2022 | |||||
| Rote | X | ||||||
| Incoming resources |
|||||||
| Incoming resources from generated | funds | ||||||
| Voluntary income Investment income Total incoming resources |
55,3.57 26,192 81,549 |
55,357 26,192 81,549 |
486,283 29,939 516,222 |
||||
| Resources expended | |||||||
| Costs ofgenerating funds |
|||||||
| Investment management Charitable activities Governance costs Total resources expended |
costs | 15,133 464,935 2,910 482,978 |
15,133 464,93S 2,910 482„978 |
23,161 577,395 2,704 603,260 |
|||
| Net outgoing resources before other | recognised | gains | |||||
| and fosses | (401,429) | (401,429) | (87,{}38) | ||||
| Other recognised gains/losses |
|||||||
| Losses on investment assets |
(10,410) | (10,410) | (2,096,940) | ||||
| Net movements in funds |
(411,839) | (411,839) | (2,183,978) | ||||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
6,525,488 | 6,525,488 | 8,709,466 | ||||
| Total funds carried forward | 6,113,649 | 6,113,649 | 6,525,488 |
| Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|
| Funds | 2023 | 2022 | |||
| Donations | and legacies | ||||
| Appeals | and donations | 44,286 | 44,286 | 389,027 | |
| Gift Aid | tax reclaimed | 11,071 | 11,071 | 97,256 | |
| 55,357 | 55,357 | 486,283 |
| 3 | Investment | income | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | ||||
| Funds | 2023 | 2022 | ||||
| Income from listed investments | 22,275 | 22,275 | 29,939 | |||
| Interest on | cash deposits | 3„917 | 3,917 | |||
| 26,132 | 26,192 | 29,939 | ||||
| 4 | Investment | management | costs | |||
| Unrestricted | Total Funds | Total Iunds | ||||
| Funds | 2023 | 2022 | ||||
| Administration ofinvestments |
33,133 | 16,1 3 | 23,161 |
| 5 | Details ofcharitable | activities | ||||||
| Grant funding of activities |
2023 | 2022 | ||||||
| f. | ||||||||
| Grants paid | 461,981 | 461,981 | 570,176 | |||||
| Goods donated | 2,954 | 2,954 | 7,219 | |||||
| 464,935 | 464,935 | 577,395 | ||||||
| 6 | Grantmaking | |||||||
| Kame ofInstitution | Grants paid | Grants paid | ||||||
| 2023 | 2022 | |||||||
| Mandritsara Trust |
119,800 | 38,000 | ||||||
| CAMPED Bradfield 4 Rougham |
6S,OOO 60,000 |
50,000 | ||||||
| SViII International | (UK) | 45,004 | ||||||
| Birmingham Pastor |
37,000 | |||||||
| Jesus Lane Trust | 31,372 | 28,000 | ||||||
| Gt Victoria Street | Baptist Church | 31,200 | ||||||
| Grace Church, Cambridge |
30,000 | |||||||
| The Gate Church | 10,000 | |||||||
| Royal Commonwealth | Society fo | r the | Blind | 10,000 | 10,000 | |||
| St Mary's Church, | Cambridge | 7,500 | 80,200 | |||||
| Eden Baptist Church | S,388 | 222,076 | ||||||
| Winter Comfort | 5,000 | 5,000 | ||||||
| International Rescue |
3,718 | 2,000 | ||||||
| British Red Cross | 1,000 | 3,000 | ||||||
| UIo'aine | 5,000 | |||||||
| South Sinai | 1,000 | |||||||
| Trinity Church | 125,000 | |||||||
| City Church, Birmingham | 900 | |||||||
| Computer equipment |
-donated goods | 2,954 | 7,219 | |||||
| 464,935 | 577,395 |
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| Market value | ||||
| As at I june 2022 Unrealised and realised gains Disposals As at 31 May 2023 |
6,054,594 (10,411) (1,674,167) 4,370,016 |
|||
| f4let book value | ||||
| As at31 May 2023 | 4,370,0I6 | |||
| As at 31May 2022 | 6,064,604 | |||
| Gains (losses) on revaluations | and disposal ofinvestment | assets | ||
| 2023 | 2022 | |||
| Unrealised Realised |
(17,588) 7,177 |
(2,191,167) 94,226 |
||
| (10,411) | (2,096,941) | |||
| Analysis ofinvestments |
| total valua | tion are; |
|||||
|---|---|---|---|---|---|---|
| 2022 | ||||||
| Henderson | Smaller Companies | 12% | 10% | |||
| Scottish Mortgage Investment | Trust | 28% | 25% | |||
| Smithson | Investment Trust PLC |
20% | ||||
| RBC 5y AMZN Call Warrant | 7% | 7% | ||||
| Citi GBP | Call FundSmith | 28% | ||||
| JPM Eur 70 | 240/0 | 11% | ||||
| Investment | assets can be further | analysed | as follows: | |||
| UK | Overseas | |||||
| Listed investments | 505,280 | 3,864,736 | ||||
| 505,280 | 3,864,736 |
| .. continued | |||||
|---|---|---|---|---|---|
| 11 | Debtors | ||||
| 2022 | |||||
| f. | |||||
| Prepayments | and accrued income | 58,963 | |||
| 12 | Creditors: Amounts | falling due within one year | |||
| 2023 | 2022 | ||||
| K | |||||
| Accruais and deferred | income | 2,550 | 5,100 |
| Other | ||||||
|---|---|---|---|---|---|---|
| At 1June 2022 |
Incoming resources |
Resources expended |
recognised gains/losses |
At 31May 2023 |
||
| General Funds | ||||||
| Unrestricted | income fund | 6,525, i88 | 8':,549 | (482,978) | (10,410) | 6,113,649 |
| At I June 2021 |
Incoming resources |
Resources expended |
Other recognised gains/losses |
At 31May 2022 |
||
| General funds | ||||||
| Unrestricred | income fund | 8,709,466 | 516,222 | (603,260) | (2,096,940) | 6,525,488 |
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2023 | 2022 | ||
| Investments | 4,370,016 | 4.370,016 | 6,054,594 | |
| Current assets | 1,746,183 | 1,746,183 | 475,994 | |
| Creditors: Amounts | falling due within one year | (2,550) | (2,550) | (5,100) |
| Net assets | 6,113,649 | 6,113„649 | 6,525,488 |