| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | |||
| Independent examiner's report to the |
trustees | |||||
| Statement offinancial |
activities | (including | income and | |||
| expenditure account) |
||||||
| Statement offinancial |
position | |||||
| Notes to the financial | statements |
| Reference | and adm | inistrative |
inistrative |
details | ||||
|---|---|---|---|---|---|---|---|---|
| Registered | charity | name | The Manny Cussins | Foundation | (a Company | Limited | by Guarantee) | |
| Charity registration | number | 1155281 | ||||||
| Company | registration | number | 08542451 | |||||
| Principal office and | registered | C/0 Ford Campbell | Freedman | Limited | ||||
| office | 2nd Floor | |||||||
| 33Park Place | ||||||||
| Leeds | ||||||||
| LS1 2RY | ||||||||
| England | ||||||||
| The trustees |
| The trustees | ||
|---|---|---|
| Mr Andrew Cussins | ||
| Mr Ben Cussins | ||
| Mr Thomas Cussins | ||
| Mr Adrian Cussins | ||
| Miss Emily Cussins | ||
| Mr Christopher Easton |
||
| Mr Andrew Sacks | ||
| Ms Jodie Barwick-Bell | ||
| Mr Nick Cussins | ||
| Independent | examiner | Dale Coleman |
| 2nd Floor | ||
| 33Park Place | ||
| Leeds | ||
| LS1 2RY |
| 2023 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| Note | funds f |
Total funds f |
Total funds E |
||||
| Income and endowments | |||||||
| Investment income |
5 | 73,224 | 73,224 | 68,664 | |||
| Total income | 73,224 | 73,224 | 68,664 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 6 | (38,795) | (38,795) | (46,992) | ||
| Expenditure on charitable |
activities | 7,8 | (483,751) | (483,751) | (263,383) | ||
| Total expenditure | (522,546) | (522,546) | (310,375) | ||||
| Net losses on investments | 11 | (157,579) | (157,579) | (662,414) | |||
| Net expenditure and net |
movement | in funds | (606,901) | (606,901) | (904,125) | ||
| Reconciliation offunds | |||||||
| Total funds brought forward |
4,879,441 | 4,879,441 | 5,783,566 | ||||
| Total funds carried forward | 4,272,540 | 4,272,540 | 4,879,441 |
| Note | 2023 | 2022 f |
|||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Investments | 14 | 3,625,278 | 3,795,560 | ||||
| Current assets | |||||||
| Debtors | 15 | 172,735 | 794,808 | ||||
| Cash at bank | and | in | hand | 973,872 | 588,419 | ||
| 1,146,607 | 1,383,227 | ||||||
| Creditors: amounts | falling due within one year | 16 | 499,345 | 299,346 | |||
| Net current assets | 647,262 | 1,083,881 | |||||
| Total assets | less | current liabilities | 4,272,540 | 4,879,441 | |||
| Net assets | 4,272,540 | 4,879,441 | |||||
| Funds ofthe charity | |||||||
| Unrestricted | funds | 4,272,540 | 4,879,441 | ||||
| Total charity | funds | 17 | 4,272,540 | 4,879,441 |
| Investment income |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2023 | Funds | 2022 | |
| 6 | F | F | ||
| Income from listed investments | 47,747 | 47,747 | 31,082 | 31,082 |
| Other income | 25,477 | 25,477 | 37,582 | 37,582 |
| 73,224 | 73,224 | 68,664 | 68,664 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||||
| 6 | F | F | |||||
| Porffolio | management | 38,795 | 38,795 | 46,992 | 46,992 |
| Expend | iture on charitable |
activities by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds F. |
2023 6 |
Funds 6 |
2022 f |
||
| Grants | payable | 466,363 | 466,363 | 246,866 | 246,866 |
| Support | costs | 17,388 | 17,388 | 16,517 | 16,517 |
| 483,751 | 483,751 | 263,383 | 263,383 |
| Expenditure | on charitable |
activities by activity type |
|||
|---|---|---|---|---|---|
| Grant funding | Totalfunds | Total fund | |||
| of activities Support costs F. F |
2023 F |
2022 f |
|||
| Grants payable | 466,363 | 466,363 | 246,866 | ||
| Governance | costs | 17,388 | 17,388 | 16,517 | |
| 466,363 | 17,388 | 483,751 | 263,383 |
| 9. | Analysis of | support costs | |||
|---|---|---|---|---|---|
| Analysis of | |||||
| support costs | |||||
| grants | |||||
| payable | Total 2023 | Total 2022 | |||
| 6 | F | ||||
| Governance | costs | 12,018 | 12,018 | 12,017 | |
| 10. | Analysis of | grants | |||
| 2023 | 2022 | ||||
| F. | F | ||||
| Grants to institutions | |||||
| Grants to institutions | 466,363 | 246,866 | |||
| Total grants | 466,363 | 246,866 |
| Net losses o | n investment | s | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds 6 |
2023 | Funds E |
2022 f |
||||
| Gains/(losses) | on listed investments | (178,553) | (178,553) | (337,336) | (337,336) | ||
| Gains/(losses) | on other investment | ||||||
| assets | 20,974 | 20,974 | (325,078) | (325,078) | |||
| (157,579) | (157,579) | (662,414) | (662,414) | ||||
| Independent | examination | fees | |||||
| 2023 | 2022 | ||||||
| F | |||||||
| Fees payable | to the independent | examiner for: | |||||
| Independent | examination | ofthe | financial | statements | 1,800 | 1,800 | |
| Other financial services | 2,700 | 2,700 | |||||
| 4,500 | 4,500 |
| Listed | |||
|---|---|---|---|
| investments | |||
| F | |||
| Cost orvaluation | |||
| At 1 June | 2022 | 3,795,560 | |
| Additions | 1,288,769 | ||
| Disposals | (1,280,498) | ||
| Fair value | movements | (178,553) | |
| At 31 May 2023 | 3,625,278 | ||
| Impairment | |||
| At 1June | 2022 | and 31 May 2023 | |
| Carrying | amount | ||
| At 31 May 2023 | 3,625,278 | ||
| At 31 May | 2022 | 3,795,560 | |
| All investments | shown above are held at valuation. |
| 15. | Debtors | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 6 | |||||
| Prepayments | and accrued income | 3,735 | 5,808 | ||
| Other debtors | 169,000 | 789,000 | |||
| 172,735 | 794,808 | ||||
| 16. | Creditors: amounts | falling due within one year | |||
| 2023 | 2022 | ||||
| F. | |||||
| Accruals and | deferred | income | 499,309 | 299,309 | |
| Other creditors | 36 | 37 | |||
| 499,345 | 299,346 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 | June 2022 | Income | Expenditure | losses | 31 May 2023 | ||
| F. | F | F | |||||
| General | funds | 4,879,441 | 73,224 | (522,546) | (157,579) | 4,272,540 | |
| At | Gains and | At | |||||
| 1 | June 2021 f |
Income F. |
Expenditure F |
losses F |
31 May 2022 5 |
||
| General | funds | 5,783,566 | 68,664 | (310,375) | (662,414) | 4,879,441 |
| 18. | Analysis of | net ass | e | ts bet | ween funds | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | ||||||||
| Funds | 2023 | ||||||||
| F | 6 | ||||||||
| Investments | 3,625,278 | 3,625,278 | |||||||
| Current assets | 1,146,607 | 1,146,607 | |||||||
| Creditors less than | 1 | year | (499,345) | (499,345) | |||||
| Net assets | 4,272,540 | 4,272,540 | |||||||
| Unrestricted | Total Funds | ||||||||
| Funds | 2022 | ||||||||
| F | F | ||||||||
| Investments | 3,795,560 | 3,795,560 | |||||||
| Current assets | 1,383,227 | 1,383,227 | |||||||
| Creditors less than | 1 | year | (299,346) | (299,346) | |||||
| Net assets | 4,879,441 | 4,879,441 | |||||||
| 19. | Financial instruments | ||||||||
| The carrying | amount | for each category of financial | instrument | is as follows | |||||
| 2023 | 2022 | ||||||||
| F | |||||||||
| Financial assets measured | at fair value through | income | and expenditure | ||||||
| Financial assets measured | at fair value through | income and | |||||||
| expenditure | 3,795,560 | 3,795,560 |