|||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|3| |Independent
Examiner's
Report|||| |Statement of Financial Activities|||| |Balance Sheet|||| |Notes to the Financial Statements|7|to|12| |Detailed Statement
of Financial Activities||13|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||f|
or the Year|
Ended 5 April|2023||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |||||Unrestricted|Endowment|Total|Total| ||||Notes|fund
E|fund
E|funds
E|fundsf| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies|||||70,000|70,000|60,000| |Investment
income|||||36 648|36 648|25 922| |Total|||||106648|1D6 648|85 922| |EXPENDITURE
ON|||||||| |Raising funds|||||12,554|12,554|13,618| |Charitable
activities|||||||| |ETP Covid-19 India|Appeal||||||7,500| |ETP Malawi
PES Project|||||40,000|40,000|| |Other|||5|1D15||1015|963| |Total||||1 015|52 554|53 569|22 081| |Net (loss)/gain
on investments|||||~138480)|~13848D)|91723| |NET INCOME/(EXPENDITURE)
Transfers between
funds|||11|(1,015)
4 323|(84,386)
~4323)|(85,401)|155,564| |Net movement
in|funds|||3,308|(88,709)|(85,401)|155,564| |RECONCILIATION|OF FUNDS||||||| |Total funds brought|forward|||25,552|1,857,405|1,882,957|1,727,393| |TOTAL FUNDS CARRIED FORWARD||||28 860|1 768 696|1797 556|1 882 957| ||The Ringtons|"Tea Growing
Comniunity"|"Tea Growing
Comniunity"|"Tea Growing
Comniunity"||| |---|---|---|---|---|---|---| |||Charitable|Trust|||| |||Balance|Sheet|||| |||5April|ZO23|||| ||||||2023|2022| |||Unrestricted||Endowment|Total|Total| ||Notes||fund
E|fund
E|funds
f|funds
E| |FIXEDASSETS||||||| |Investments||||1,711,130|1,7117130|1,788,899| |CURRENT ASSETS||||||| |Cash at bank|||29,910|61,066|90,976|98,558| |CREDITORS||||||| |Amounts
falling due within|one year|10|(1,050)|('37500)|(4,550)|(4,500)| |NET CURRENT ASSETS|||28 860|5? 566|86 426|94 tl58| |TOTAL ASSETSLESSCURRENT LIABILITIES|||287860|17768696|157977556|178827957| |NET ASSETS|||28 860|1768 696|.1797 556|1 882 957| |FUNDS||||||| |Unrestricted
funds
Endowment
funds|||||28,860
1768 696|257552
1 857405| |TOTAL FUNDS|||||1797556|1 882957| ## ## ## ## ## ## ## ## ## |that evidences
a residual
int|that evidences
a residual
int|that evidences
a residual
int|erest
in|the assets of the trust, afte|r deducting
all liabiliti|es|| |---|---|---|---|---|---|---|---| |INVESTMENT INCOME|||||||| |||||||2023|2022| |||||||E|| |Dividends|received|||||31,647|23,645| |Deposit account interest||||||4,143|2,277| |Bank interest||||||858|| ||||||~36 648||~25 922| |Investment|income|by geographical||analysis:|||| ||||||2023||2022| ||||||E||E| |UK investment
income|||||23,218||18,704| |Overseas|investment|income|||6|429|4 941| ||||||31647||23 645| |RAISING|FUNDS||||||| |Investment
management|||costs||||| |||||||2023|2022| |||||||E|| |Portfolio management|||||~12 554||~13618| |OTHER|||||||| |||||||2023|2022| |||||||E|| |Support costs||||||~1015|963| ## ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||Unrestricted|Endowment|Tota I|Total| |||||fund|fund|funds|funds| ||||Notes|E|E|f|E| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies|||||60,000|60,000|| |Investment
income|||||25 922|25 922|26 440| |Total|||||85 922|85 922|26 440| |EXPENDITURE ON|||||||| |Raising funds|||||13,618|13,618|12,481| |Charitable
activities|||||||| |GAIN Healthy
Diets/Nutrition|for|Tea|||||| |Communities|||||||25,000| |ETP Covid-19 India Appeal|||||7,500|7,500|| |Other||||963||963|981| |Tot:al||||963|21 118|22 081|38 462| |Net gains on investments|||||91723|91 723|401 622| |NET INCOME/(EXPENDITURE)
Transfers between
funds|||11|(963)
16706|156,527
~16706)|155,564|389,600| |Net movement
in funds||||15,743|139,821|155,564|389,600| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought
forward||||9,809|1,717,584|1,727,393|1,337,793| |TOTAL FUNDS CARRIED FORWARD||||25,552|1,857,405|1,882,957|1,727,393| |9.
FIXEDASSET INVESTMENTS|||||||| |||||||2023|2022| |||||||E|E| |Shares||||||1,660,452|1,718,033| |Other||||||50 678|70 866| |||||||1 711 130|1 788 899| |Additional
information|as|follows:|||||| ||||||Listed||| ||||||investments||| ||||||E||| |MARKET VALUE|||||||| |At 6 April 2022|||||1,788,899||| |Additions|||||200,776||| |Disposals
Revaluations|||||(141,036)
~137509)||| |At 5 April 2023|||||1711130||| |NET BOOK VALUE|||||||| |At 5 April 2023|||||1711130||| |At 5 April 2022|||||1 788 899||| ## ## ## ## ||||||||E|E.| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| |UK Investments|||at fair||value comprised:|||| |Equities|||||||485,742|533,344| |Fixed interest||securities|||||90 863|56 810| |Total|||||||576 605|590 154| |Overseas|investments||||at fair value comprised:|||| ||||||||2023|2022| ||||||||E|| |Equities|||||||1,021,638|1,097,523| |Other investments|||||||112887|1D1 222| |Total|||||||1 134525|1 198 745| |Investments||(neither||listed nor unlisted)||were as follows:||| ||||||||2023
E|2022
f| |Property|||||||12,948|18,845| |Other investments|||||||~37 730|~52 021| ||||||||~50 678|7D 866| ||||||f|f|or the Year E|or the Year E|nded 5 April|2023||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |10.|CRED1TORS: AMOUNTS||||FALLING||DUE WITHIN||ONE YEAR|||| ||||||||||||2023|2022| ||||||||||||E|E| ||Other creditors||||||||||~4550|~4500| |11.|MOYEMENT||IN FUNDS|||||||||| |||||||||||Net|Transfers|| |||||||||||movement|between|At| ||||||||||At 6.4.22|in funds|funds|5.4.23| ||||||||||E|E|E|E| ||Unrestricted||funds|||||||||| ||General
fund||||||||25,552|(1,015)|4,323|28,860| ||Endowment||funds|||||||||| ||Endowment||fund|||||1,857,405||(84,386)|(4,323)|1,768,696| ||TOTAL FUNDS|||||||1|882 957|~85 401)||1797 556| ||Net movement
in funds,|||included||in|the above|are|as follows:|||| ||||||||||Incoming|Resources|Gains and|Movement| ||||||||||resources
E|expended
f|losses
E|in funds
f| ||Unrestricted||funds|||||||||| ||General
fund|||||||||(1,015)||(1,015)| ||Endowment||funds|||||||||| ||Endowment||fund||||||106,648|(52,554)|(138,480)|(84,386)| ||TOTAL FUNDS||||||||1~06 648|{53569)|(138480)|)85 401)| ||Comparatives
for movement|||||in funds||||||| |||||||||||Net|Transfers|| |||||||||||movement|between|At| ||||||||||At 6.4.21
E|in funds
f|funds
E|5.4.22
E| ||Unrestricted||funds|||||||||| ||General
fund||||||||9,809|(963)|16,706|25,552| ||Endowment||funds|||||||||| ||Endowment|fund||||||1,717,584||156,527|(16,706)|1,857,405| ||TOTAL FUNDS|||||||1|727 393|155564||1 882 957| ||Comparative||net movement||in funds,||included|in the above are||as follows:||| ||||||||||Incoming|Resources|Gains and|Movement| ||||||||||resources|expended|losses|in funds| ||||||||||E|E|E|E| ||Unrestricted||funds|||||||||| ||General
fund|||||||||(963)||(963)| ||Endowment||funds|||||||||| ||Endowment|fund|||||||85,922|(21,118)|91,723|156,527| ||TOTAL FUNDS||||||||~85 922|~22 081)|91 723|155 564| ## ## ## ## ## ## ## ## ## |Ringtons
Limited
is considered|Ringtons
Limited
is considered|Ringtons
Limited
is considered|to have significant|to have significant|to have significant|influence|over|the charitable|trust due to two|of the trustees|of the trustees| |---|---|---|---|---|---|---|---|---|---|---|---| |being directors of the company,|||the power of the|||company|as per the terms of||the trust deed as detailed||in the| |report of the trustees
and being|||the sole|donor|to|the charitable||trust.|||| |FINANCIAL
INSTRUMENTS|||||||||||| ||||||||||2023|2022|| ||||||||||E|E|| |Financial assets measured|at|amortised
cost:|||||||||| |Cash at bank and
in hand|||||||||90,973|98,558|| |Financial assets measured|at|fair value through|||statement||of financial||||| |activities:|||||||||||| |Investments|||||||||171113D|1 788|899| |Total financial assets|||||||||1802 103|1 887|457| |Financial
liabilities
measured||at|amortised|cost:|||||||| |Trade and other creditors|||||||||4 55D|4|50D| |Total financialliabilities|||||||||4 550|4|500| ## ## ## ||||2023|2022| |---|---|---|---|---| |||||E| |INCOME AND ENDOWMENTS||||| |Donations
and legacies||||| |Donations|||70,000|60,000| |Investment
income||||| |Dividends
received|||31,647|23,645| |Deposit account interest|||854|| |Bond interest|||~4147|~2277| ||||~36 648|~25 922| |Total incoming
resources|||106,648|85,922| |EXPENDITURE||||| |Investment
management||costs||| |Portfolio management|||12,554|13,618| |Charitable
activities||||| |Grants to institutions|||40,000|7,500| |Other|||51|| |Support costs||||| |Finance||||| |Bank charges||||| |Governance
costs||||| |Accountancy
and legal fees|||960|960| |Total resources
expended|||~53 569|~22 081| |Net income/(expenditure)
losses||before gains and|53,079|63,841| |Realised recognised|gains|and losses||| |Realised gains/(losses)|on fixed asset|||| |investments|||(1~38480)|~91 723| |Net income|||~85 401)|155564|