| Page | ||
|---|---|---|
| Trustees' Annual Report |
1-5 | |
| Independent Examiner's |
Report | |
| Statement of Financial Activities |
||
| Balance Sheet | ||
| Notes to the Accounts | 9-16 |
| ~Uggffig)gkfuruh | ~Uggffig)gkfuruh | ||||
|---|---|---|---|---|---|
| ~Not | f | 2QZZ f |
|||
| Income | |||||
| Investments | 74,016 | 60,026 | |||
| Total | 74,016 | 60,026 | |||
| Expenditure | |||||
| Raising funds | 20,208 | 21,844 | |||
| Charitable activities |
67,730 | 74,391 | |||
| Total | 87,938 | 96,235 | |||
| Net (expenditure) | before investment | gains/(losses) | (13,922) | (36,209) | |
| Net gains/(losses) | on investments | 6 | (262,032) | 90,690 | |
| Net income/(expenditure) | (275,954) | 54,481 | |||
| Net movement in |
funds | (275,954) | 54,481 | ||
| Reconciliation of |
funds: | ||||
| Total funds brought | forward | 3,002,957 | 2,948,476 | ||
| Total funds carried forward | 2,727,003 | 3,002,957 |
| IJZKeestr' | .~ug | ||||
|---|---|---|---|---|---|
| ~N | 8 | 2QZZ f |
|||
| Fixed assets | |||||
| Investments | 7 | 2,732,601 | 3,012,647 | ||
| Total fixed assets | 2,732,601 | 3,012,647 | |||
| Current assets | |||||
| Cash at bank and | in hand | 5,083 | 820 | ||
| Total current assets | 5,083 | 820 | |||
| Creditors: amounts |
falling due within one year | 9 | 10,681 | 10,510 | |
| Net current liabilities | (5,598) | (9,690) | |||
| Total assets less | current liabilities | 2,727,003 | 3,002,957 | ||
| Total net assets | 2,727,003 | 3,002,957 | |||
| Funds ofthe charity | |||||
| Unrestricted funds |
10 | 2,727,003 | 3,002,957 | ||
| Total funds | 2,727,003 | 3,002,957 |
| 3. | Income | from | investments | 2023 | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| f | 6 | |||||||
| Income | from | stocks 8 shares | held | in the investment | portfolio | 73,412 | 60,025 | |
| Interest | from | cash balances | held | by the investment | manager | 604 | 1 | |
| 74,016 | 60,026 |
| 4. | Expenditure | on raising | funds | funds | ~20 | |||
|---|---|---|---|---|---|---|---|---|
| 6 | ||||||||
| Investment | manager's fees |
and charges | 20,208 | 21,844 | ||||
| 20,208 | 21,844 | |||||||
| 5. | Expenditure | on charitable | activities | A/23 | ||||
| 6 | ||||||||
| Grants to institutions | 50,573 | 60,163 | ||||||
| Grantmaking Governance |
support costs costs |
2,239 14,918 |
3,600 10,628 |
|||||
| 67,730 | 74,391 | |||||||
| Number of grants |
12 | 12 | ||||||
| 5.1 | Classification | ofgrants | ||||||
| Grants to institutions | ||||||||
| Advancement | of education | 5,000 | ||||||
| Advancement Advancement |
of health 8 saving of lives ofcitizenship and community |
development | 17,250 5,OQO |
10,000 5,250 |
||||
| Advancement Advancement |
ofthe arts, ofamateur |
culture, hentage sport |
and science | 10,000 | 5,000 | |||
| Relief ofthose in need due to age, disability, etc. | 13,323 | 39,913 | ||||||
| 50,573 | 60,163 |
| (Continuedl | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.2 | Material grants to | institutions | |||||||||||||
| Name of institution | ~Pf | ||||||||||||||
| Huby Playing Fields |
Association | To build a new pavillion | 10,000 | ||||||||||||
| Home-Start York |
To support | their Perinatal | Infant | Mental | Health Project | 5,500 | |||||||||
| Open Country | To produce | 'Breakfree Packs' ofwalks and bike rides | for | 5,163 | |||||||||||
| disabled | people in York |
||||||||||||||
| Richard Shephard | Music | Advancement | of musical | education | for | young people | in | 5,000 | |||||||
| Foundation | Yorkshire | ||||||||||||||
| Musical Connections | To deliver | musical and |
intergenerational | activities | to | lonely | 5,000 | ||||||||
| people | |||||||||||||||
| Cruse Bereavement | Support | To recruit | & | train new volunteers | in | York and North | 4,160 | ||||||||
| Yorkshire | |||||||||||||||
| The Island | Contdibution | to general | running | costs | 4,000 | ||||||||||
| York Hospital Radio |
To develop | its website to | make | it more | interactive | for | its | 2,750 | |||||||
| audience | |||||||||||||||
| 41,573 | |||||||||||||||
| Other unanalysed | grants to institutions | 9,000 | |||||||||||||
| 50,573 | |||||||||||||||
| 5.3 | Analysis ofgrantmaking support costs |
2023 | 2022 | ||||||||||||
| 8 | |||||||||||||||
| Rollits' grantmaking | support fees | 2,239 | 3,600 | ||||||||||||
| 2,239 | 3,600 |
| conditions applicable to |
each grant and arranging payment |
of successful applications. |
||
|---|---|---|---|---|
| 5.4 | Analysis ofgovernance | costs | ||
| Independent examiner's |
fees | 1,464 | 1,392 | |
| Rollits' accounting fees |
4,214 | 4,080 | ||
| Rollits' administration fees |
9,240 | 5,156 | ||
| 14,918 | 10,628 |
| (Coniinued) | ||||||
|---|---|---|---|---|---|---|
| 5.5 | Fees for examination | ofthe accounts | 2023 | $022 | ||
| 6 | 6 | |||||
| Independent examiner's |
fees for reporting on the accounts (gross) |
1,464 | 1,392 | |||
| 1,464 | 1,392 | |||||
| 6. | Net gains and lasses on | investments | ~3 | ~022 | ||
| Gains and (losses) | realised | during the year | (115,538) | 10,734 | ||
| Gains and (losses) | on revaluation at the year end |
(146,494) | 79,956 | |||
| Total net investment | gains | and (losses) per the SoFA | (262,032) | 90,690 | ||
| 7. | Investments | |||||
| 7.1 | Valuation of investments |
at year end | ~Fair v I |
|||
| 2023 | 2022 | |||||
| E | f | |||||
| Listed investments | 2,645,238 | 2,917,758 | ||||
| Cash or cash equivalents | 87,363 | 94,889 | ||||
| Total | 2,732,601 | 3,012,647 |
| Historic cost ofinvestments | held at the year end | 2023 | 2022 |
| 6 | 6 | ||
| Listed investments | 2,584,835 | 2,723,836 | |
| Cash held for reinvestment | 87,363 | 94,889 | |
| 2,672,198 | 2,818,725 |
| (Continued) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 7.3 | Investment movements during the year |
Cash &cash | Listed | Tota I | Total | |||||
| siiuivaients | investments | 2023 | 2022 | |||||||
| f | f | |||||||||
| Market value at beginning ofyear |
94,889 | 2,917,758 | 3,012,647 | 2,959,211 | ||||||
| Add additions to investments during |
the year | 1,488,153 | 1,488,153 | 192,721 | ||||||
| Less: disposals at carrying |
value during the year |
(1,614,179) | (1,614,179) | (81,339) | ||||||
| Add/(deduct): movements investments |
due to changes | in listed | 15,029 | 15,029 | (95,812) | |||||
| Add/(deduct) transfers in/(out) in the |
year | (22,555) | (22,555) | (42,090) | ||||||
| Add/(deduct). net gain/(loss) |
on revaluation | (146,494) | (146,494) | 79,956 | ||||||
| Market value at end ofyear | 87,363 | 2,645,238 | 2,732,601 | 3,012,647 | ||||||
| 7.4 | Material holdings of investments |
at 5April 2023 | Market | Share of | ||||||
| valuef | total | |||||||||
| Individual holdm s &5%of |
total listed investments | |||||||||
| iShares Global Government | Bond Ucits ETF | 287,809 | 10.88% | |||||||
| SPDR Bloomberg Global Aggregate |
Bond | Ucits | ETF | 246,103 | 9.30% | |||||
| Pimco Global Investment Grade Credit Hedged |
Fund | 177,918 | 6.73% | |||||||
| Columbia Threadneedle Global Corporate |
Bond | Fund | 157,127 | 5.94% | ||||||
| Eaton Vance Emerging Markets Debt Opportunities |
Fund | 136,182 | 5.15% | |||||||
| 1,005,139 | 38.00% | |||||||||
| 8. | Cash at bank | 2023 | 2022 | |||||||
| f. | ||||||||||
| Barclays current account | 5,083 | 820 | ||||||||
| 5,083 | 820 | |||||||||
| 9. | Creditors and accruals |
|||||||||
| Amounts fallin due within |
one ear |
|||||||||
| Independent examiner's fee |
1,464 | 1,392 | ||||||||
| Rollits' fees | 4,226 | 3,804 | ||||||||
| Investment manager's fees |
4,991 | 5,314 | ||||||||
| 10,681 | 10,510 |
| 10. | Unrestricted | funds | funds | ||||
|---|---|---|---|---|---|---|---|
| ~Ot ~f |
d | ||||||
| Grant commitment | See explanation | below | 10,000 | ||||
| 10,000 | |||||||
| Free funds | 2,727,003 | 2,992,957 | |||||
| Total unrestncted | funds | 2,727,003 | 3,002,957 |
| Continge | nt | liabilities | and contingent assets | ~jjfggfe | of | ||
| fjgft3Ccial~effe | $ | ||||||
| ~20 | ~20 | 2 | |||||
| E | 5 | ||||||
| ddgt | ttt | dttt | |||||
| Grant commitment | given subject to conditions | 10,000 | |||||
| 10,000 |
| period end | Amount | rio | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | |||||||||
| 6 | |||||||||
| Rollits | LLP | See | below | Rollits | services | 15,693 | 4,226 | 12,836 | 3,804 |
| 15,693 | 4,226 | 12,836 | 3,804 |