| TheGurneyFundisadministered | by: | |
|---|---|---|
| Chairman | TPackham | |
| Treasurer | TArthur | AppointedTrusteeMay2022 |
| AppointedTreasurerAugust2022 | ||
| ManagingTrustees | MBrunning | |
| andDirectors | JCarter-Lang | |
| HDarby | AppointedAugust2022 | |
| RNolan | AppointedFebruary2023 | |
| JGilmer | ||
| LHutson | ResignedNovember2022 | |
| WRumford | AppointedMay2022 | |
| ISimmons | ||
| GSmith | AppointedMay2022 | |
| MTyler | ||
| MWarnes | ||
| FundManager | SKeywood | |
| Companynumber | 08542702 | |
| Charitynumbers | 1156903&1156903-2 | |
| RegisteredOffice | 9BathRoad | |
| Worthing | ||
| WestSussex | ||
| BN113NU | ||
| Tel:01903237256 | ||
| WebSite:www.gurneyfund.org | ||
| Bankers | LloydsBankPlc | |
| 41-43SouthStreet | ||
| Worthing | ||
| WestSussex | ||
| BN113AU | ||
| CharteredAccountants | KrestonReevesLLP | |
| andStatutoryAuditor | 9DonningtonPark | |
| 85BirdhamRoad | ||
| Chichester | ||
| WestSussex | ||
| PO207A) | ||
| InvestmentManagers | CharlesStanley& | CompanyLimited |
| WindsorHouse | ||
| 6-10MountEphraimHouse | ||
| TunbridgeWells | ||
| Kent | ||
| TN11EE | ||
| Solicitor | H3SolicitorsLimited | |
| Suite1,Brightams | Farm | |
| PartridgeGreen | ||
| Horsham | ||
| WestSussex | ||
| RH138EQ |
7 August 2023
| Unrestrictedfunds | Unrestrictedfunds | |||||
|---|---|---|---|---|---|---|
| Note | AL | 2023 | 2022 | |||
| i | ~~ | |||||
| General | Designated | Restricted | Total | Total | ||
| £ | £ | £ | £ | |||
| Income | ||||||
| Donationsandlegacies | 3 | 236,974 | - | - | 236,974 | 234,696 |
| Incomefrominvestments | 174,891 | - | 10,655 | 185,546 | 176,152 | |
| TotalIncome | 411,865 |
- |
10,655 |
422,520 |
410,848 |
|
| Expenditure | ||||||
| Raisingfunds-investmentmanagercosts | 38,621 | - | 1,944 | 40,565 | 46,583 | |
| Charitableactivities | 4 | 1,048,942 | - | - | 1,048,942 | 870,468 |
| Totalexpenditure | 1,087,563 |
- |
1,944 |
1,089,507 |
917,051 |
|
| Netrealisedgains/(loss)oninvestments | 283,583 | - | (11,937) | 271,646 | 239,085 | |
| Netunrealisedgains/(loss)oninvestments | - | (800,585) | (34,826) | (835,411) | 154,479 | |
| Net(expenditure) | (392,115) |
(800,585) |
(38,052) |
(1,230,752) |
(112,640) |
|
| Transfersbetweenfunds | 10,712 | - | (10,712) | - | - | |
| Netmovementinfunds | (381,403) |
(800,585) |
(48,764) |
(1,230,752) |
(112,640) |
|
| Reconciliationoffunds: | ||||||
| Totalfundsbroughtforward | 3,951,684 | 4,269,241 | 385,851 | 8,606,776 | 8719,416 | |
| Totalfundscarriedforward | 3,570,281 |
3,468,656 |
337,087 |
7,376,024 |
8,606,776 |
3 August 2023
3 August 2023
| Note | 2023 | 2022 | ||
|---|---|---|---|---|
| £ | £ | |||
| Netcashoutflowfromoperatingactivities | 1 | (666,784) | (502,899) | |
| Netcashinflowfrominvestingactivities | 2 | 787,495 | 443,287 | |
| Net(decrease)/increaseincashbalancesheld | 3 | 120,711 | (59,612) | |
| Cashandcashequivalentsconsistsof: | 2023 | 2022 | ||
| £ | £ | |||
| Cashatbankandinhand | 227,380 | 106,669 | ||
| Cashandcashequivalentsat31March | 227,380 | 106,669 | ||
| Note1-Reconciliationofchangesinresourcestonetinflowfromoperatingactivities | 2023 | 2022 | ||
| £ | £ | |||
| Netincome/(expenditure)fortheyearbeforeotherrecognisedgainsandlosses | (666,987) | (506,204) | ||
| Decrease/(increase)indebtors | 2,491 | 755) | ||
| (Decrease)/increaseincreditors | (2,288) | 2572 | ||
| Netcashoutflowfromoperatingactivities | (666,784) | ($02,899) | ||
| Note2-Netinvestmentproceeds/(purchases) | 2023 | 2022 | ||
| £ | £ | |||
| Paymentstoacquireshares | (337,191) | (70,251) | ||
| Receiptsfromsalesofshares | 1,124,686 | 513,538 | ||
| Net cashinflowfrominvestingactivities | 787,495 | 443,287 | ||
| Note3-Netdecreaseincashbalancesheld | ||||
| Movement | in | |||
| year | 2023 | 2022 | ||
| £ | £ | £ | ||
| Depositaccounts | 121,931 | 186,455 | 64,524 | |
| Stockbrokerincomeaccount | (650) | 12,081 | 12,731 | |
| Currentaccountandcash | (570) | 28,844 | 29,414 | |
120,711 |
227,380 |
106,669 |
| Expenditure | ||||
|---|---|---|---|---|
Expenditureisstatedaftercharging: |
2023 | £ |
2022 £ |
|
| Auditor'sremuneration: Auditofthefinancialstatements Accountancyandotherservices |
9,700 4,320 |
8,750 2,390 |
||
14,020 |
11,140 |
|||
| Donationsandlegacies | ||||
| 2023 | £ |
2022 £ |
||
| Forcessubscriptions Forcesdonationsandcollectingboxes Privatedonations Legacies |
15 16 17 |
212,758 2,012 7,885 14,319 |
223,105 744 5,847 5,000 |
|
236,974 |
234,696 |
|||
| Expenditureoncharitableactivities | ||||
| 2023 | £ |
2022 £ |
||
| Allowancesand grantstochildren Christmasand birthdaygifts Administrationcostsdetailedbelow Wagesandsalariesallocation Trustees’expenses Auditofthefinancialstatements Accountancyandotherservices Legalandprofessionalfees |
5 | 804,321 66,118 60,483 85,151 13,788 9,700 4,320 5,061 |
688,297 41,500 36,175 85,215 6,692 8,750 2,390 1,449 |
|
1,048,942 |
870,468 |
|||
| Administrationcosts: Telephoneandpostage Printing,stationeryandmarketing Sundries Rates andinsurance Lighting,heatingandcleaning Repairs,renewalsandgardenupkeep Stafftravelandtraining |
1,995 31,119 261 4,173 3,075 19,303 557 |
3,794 19,498 377 3,757 2,689 5,893 167 |
||
60,483 |
36,175 |
| 5 | Staffcosts | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Groupandcharity | £ | £ | |||
| Grosssalaries | 73,541 | 73,549 | |||
| Employersnationalinsurancecontributions | 2,591 | 2997 | |||
| Pensionschemecontributions | 9,019 | 8,669 | |||
85,151 |
85,215 |
| 6 | Freeholdproperty | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Groupandcharity | £ | £ | ||
| Costat1April2022 | 400,000 | 400,000 | ||
| Costat31March2023 | 400,000 |
400,000 |
||
| Historicalcost(pretransferonincorporation) | 6,451 |
6,451 |
| Group | Government | ||
|---|---|---|---|
| Total | Bonds_—_EquityHoldings | ||
| £ | £ | £ | |
| Valuationat1April2022 | 8,084,193 | - | 8,084,193 |
| Acquisitions | 337,191 | 229,781 | 107,410 |
| Disposals | (853,040) | - | (853,040) |
| Changesinunrealisedgains | (835,411) | (3,298) | (832,113) |
| Valuationat31March2023 | 6,732,933 |
226,483 |
6,506,450 |
| Charity | Government | ||
| Total | Bonds—_EquityHoldings | ||
| £ | £ | £ | |
| Valuationat1April2022 | 7,705,559 | - | 7,705,559 |
| Acquisitions | 267,989 | 200,249 | 67,740 |
| Disposals | (743,141) | - | (743,141) |
| Changesinunrealisedgains | (800,585) | (2,646) | (797,939) |
| Valuationat31March2023 | 6,429,822 |
197,603 |
6,232,219 |
| Debtors | Group | Group | Group | Charity | Charity | Charity | ||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||||
| £ | £ | £ | £ | |||||
| Deferredexpenses | 1,713 | 2,737 | 1,713 | 2737 | ||||
| Contributionsfromforces | 33,303 | 36,323 | 33,303 | 36,323 | ||||
| Accruedinvestmentincome | 1,553 | - | 1,355 | - | ||||
36,569 |
39,060 |
36,371 |
39,060 |
|||||
| Creditors | ||||||||
| 2023 | 2022 | |||||||
| Groupandcharity | £ | £ | ||||||
| PAYEandNI | 1,447 | 2,164 | ||||||
| Othercreditorsandaccruals | 19,411 | 20,982 | ||||||
20,858 |
23,146 |
|||||||
| 10 | Designatedfunds | |||||||
| 2023 | 2022 | |||||||
| Charity | £ | £ | ||||||
| Marketvalueofinvestmentsat31March2023 | 6,429,822 | 7,705,560 | ||||||
| Historicalcostofinvestments | (2,961,166) |
(3,436,319) |
||||||
3,468,656 |
4,269,241 |
|||||||
| TheTrusteesbelieveitwouldnotbeprudentto | considerunrealisedgainson | investmentsas | being | expendableas | thegainsorlossesmay | |||
| differmateriallyfrom thosewhicharesubsequentlyrealised. | ||||||||
| Whenthemarketvalueofinvestmentsexceeds | theirhistoric | costtheaggregateunrealisedgainiscreditedtothedesignated | fund.Where | |||||
| themarketvalueofinvestmentsislessthantheirhistoriccost | theaggregate | unrealisedloss | remainswithinthegeneralfund. | |||||
| 11 | Incomeandexpenditure-priorperiod | |||||||
| Unrestricted | Unrestricted | Restricted | 2022 | |||||
| General | Designated | funds | Total | |||||
| funds | funds | funds | ||||||
| £ | £ | £ | £ | |||||
| Income | ||||||||
| Donationsandlegacies | 234,696 | - | - | 234,696 | ||||
| Incomefrominvestments | 166,155 | - | 9,997 | 176,152 | ||||
| Totalincome | 400,851 |
: |
9,997 |
410,848 |
||||
| Expenditure | ||||||||
| Expenditureonraisingfunds | 44,436 | - | 2,148 | 46,584 | ||||
| Expenditureoncharitableactivities | 870,468 | - | - | 870,468 | ||||
| Totalexpenditure | 914,904 |
= |
2,148 |
917,052 |
| 12 | Analysisofgroupnetassetsbytype | offund | ||||
|---|---|---|---|---|---|---|
| Fixed | Current | |||||
| Asset | Investments | Assets | Creditors | Total | ||
| £ | £ | £ | £ | £ | ||
| Unrestrictedfunds | 400,000 | 6,429,819 | 229,976 | (20,858) | 7,038,937 | |
| Restrictedfund-Gurney | - | 303,114 | 33,973 | s | 337,087 | |
BenevolentFund |
||||||
400,000 |
6,732,933 |
263,949 |
(20,858) |
7,376,024 |
||
| 13 | Charityresults | |||||
| 2023 | 2022 | |||||
| £ | £ | |||||
| Income | 411,865 | 400,851 | ||||
| Expenditureonraisingfunds | (38,621) | (44,436) | ||||
| Expenditureoncharitableactivities | (1,048,942) | (870,468) | ||||
| Realisedgainsoninvestments | 283,583 | 239,085 | ||||
| Unrealisedgains/(losses)oninvestments | (800,585) | 158,533 | ||||
| TransferfromGurneyBenevolentFund | 10,712 | 10,267 | ||||
| Netincome/(expenditure) | (1,181,988) |
(106,168) |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Theincome | and | expenses | were: | ||
| Incomefrominvestments | 10,655 | 9997 | |||
| Expenditureonraisingfunds | (1,944) | (2,148) | |||
| Netrealisedgains/(losses)oninvestments | (11,937) | - | |||
| Netunrealisedgains/(losses)oninvestments | (34,826) | (4,054) | |||
| Transfertogeneralunrestrictedfund | (10,712) | (10,267) | |||
| Netexpenditureforyear | (48,764) |
(6,472) |
|||
| Theassets | and | liabilities | were: | ||
| Fixedassetinvestments | 303,114 | 378,634 | |||
| Currentassets | 33,973 | 7,214 | |||
| Totalnetassets | 337,087 |
385,848 |
|||
| Representedby: | |||||
| Restrictedfunds | 337,087 | 385,848 | |||
| Totalfunds | 337,087 |
385,848 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Dorset | TheDorchester&WeymouthPoliceBallviaretiredInspector | - | 609 | |||
| LesFry | ||||||
| Beds,Cambs&Herts | ArmedPoliceUnit | 1,050 | - | |||
| Hampshire | HampshireConstabulary | 662 | - | |||
| Leicestershire | LeicestershirePolice | 300 | - | |||
| Warwickshire | Collectionboxes |
: |
135 |
|||
2,012 |
744 |
|||||
| 16 | Privatedonations |
|||||
| 2023 | 2022 | |||||
| £ | f | |||||
| Anonymous | 360 | 270 | ||||
| BroadfootAntiques | 300 | - | ||||
| DoubledayCharitableTrust | 800 | 700 | ||||
| EBrown | 1,825 | - | ||||
| Giftaid | 561 | - | ||||
| InmemoryofDGolding | 150 | - | ||||
| InmemoryofJDicker | 25 | - | ||||
| JustGiving | 2,663 | 2,581 | ||||
| MrJKidgell | - | 23 | ||||
| MrKGromett | 60 | 60 | ||||
| MrsLouiseDouglas-saleoftoothfairybags | - | 40 | ||||
| MrMDavies | - | 100 | ||||
| MrMHelyar | 120 | 120 | ||||
| MrSimonStabb | 500 | 250 | ||||
| MrsSusanCraggs | 180 | 180 | ||||
| MuchLoved | 341 | - | ||||
| Paypal | - | 314 | ||||
| VirginMoneyGiving | - | 814 | ||||
| Mr&MrsElder,MrBrianSimmonsandSouthDownsFuneralService | - | 395 | ||||
7,885 |
5,847 |