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|||||||Page|
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|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||||||
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|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|
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||||||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|
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|||||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|
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|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|
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|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|
|||Funds||2023|Funds||2022|
|||6|||F||F|
|Porffolio|management|38,795||38,795|46,992||46,992|
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|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|
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|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|
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|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|
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|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|
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||||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.||
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|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|
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|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|
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