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|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees'
Report||2 —9|
|Statement
of Trustees'|Responsibilities|10|
|Independent
Auditor's|Report|11 —14|
|Consolidated
Statement
of Financial Activities||15 —16|
|Consolidated
Balance|Sheet|17|
|Balance Sheet||18|
|Consolidated
Statement
of Cash Flows||19|
|Notes to the Financial|Statements|20 —32|
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|Founder||||The Late Hon|Mrs Isobel|Cooper-Heyman|
|---|---|---|---|---|---|---|
|Trustees||||Mrs S C Gardiner|||
|||||Mrs V M Westhorp|||
|||||Mr M Mogford|||
|||||Mr M J Starkey|||
|||||Mr P Metcalfe|||
|||||Ms E Gardiner|||
|Secretary||||D B McManus|||
|Correspondence||address||AC Mole|||
|||||Stafford House|||
|||||Blackbrook Park Avenue|||
|||||Taunton|||
|||||TA1 2PX|||
|Auditor||||Alexandra
Shore FCA CTA DChA|||
|||||A C Mole|||
|||||Stafford House|||
|||||Blackbrook Park Avenue|||
|||||Taunton|||
|||||TA1 2PX|||
|Principal bankers||||CAF Bank Ltd|||
|||||25 Kings
Hill Avenue|||
|||||Kings
Hill,|||
|||||West Mailing|||
|||||Kent|||
|||||ME194JQ|||
|Investment|advisors|||J M Finn &Co|Ltd||
|||||4Coleman Street|||
|||||London|||
|||||EC2R 5TA|||
|Solicitors||||Bates Wells &|Braithwaite|London LLP|
|||||Scandinavian|House||
|||||2-6 Cannon Street|||
|||||London|||
|||||EC4M 6YH|||
|Charity Registration|||Number|1157779|||
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|4.2
Review|of|2022 activities|and achievement|and achievement|and achievement|ofthe objectives|ofthe objectives|||
|---|---|---|---|---|---|---|---|---|---|
|~|Grants
awarded||totalled|E477,948.||The grants|were|awarded|to the
following|
||partner organisations:|||||||||
|~ s.
.
~||||||||||
|Suffolk Community||Foundation|||||||F80,000|
|Kent Community|Foundation||||||||f40,000|
|Berkshire Communit||Foundation|||||||E80,000|
|Wiltshire
Community||Foundation|||||||E80,000|
|Tyne 8 Wear and|Northumberland||Community||Foundation||||E80,000|
|Quartet
Community||Foundation|||||||E50,000|
|Voice4Change|||||||||E48,322|
|Kissing
it Better|||||||||E19,626|
|Total
aid|||||||||f477,948|
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|||||Unrestricted|Designated|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|2022|
||||Note||||
|Income from:|||||||
|Other trading
activities||||642,495||642,495|
|Investment
income||||131,677||131,677|
|Total Income||||774,172||774,172|
|Expenditure
on:|||||||
|Raising funds|||5|(193,341)||(193,341)|
|Charitable
activities|||6|(493,975)||(493,975)|
|Other expenditure|||11|43,142||(43,142)|
|Total Expenditure||||(730,458)||(730,458)|
|Net (losses) on investment||assets|12|(913,442)||913,442)|
|Net expenditure||||(869,728)||(869,728)|
|Transfers
between|funds||||||
|Net movement
in funds||||(869,728)||(869,728)|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||6,095,907|8,080,000|14,175,907|
|Total funds carried|forward||16|5226179|8080000|13306179|
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|||||Unrestricted|Designated|Total|
|---|---|---|---|---|---|---|
||||Note|funds
f|funds|2021f|
|Income from:|||||||
|Other trading
activities||||620,021||620,021|
|Investment
income||||128,223||128,223|
|Totallncome||||748,244||748,244|
|Expenditure
on:|||||||
|Raising funds|||5|(146,515)||(146,515)|
|Charitable
activities|||6|(501,930)||(501,930)|
|Other expenditure|||11|38,633)||(38,633)|
|Total Expenditure||||(687,078)||(687,078)|
|Net gains on investment||assets|12|517,516||517,516|
|Net income||||578,682||578,682|
|Transfers
between|funds||||||
|Net movement
in funds||||578,682||578,682|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||5,517,225|8,080,000|13,597,225|
|Total funds carried|forward||16|6,095,907|8,080,000|14,175,907|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note|E|f|
|Fixed assets|||||||
|Investments||||13|12,073,164|13,015,749|
|Current assets|||||||
|Debtors|||||27,191|22,269|
|Cash at bank||and in|hand||1,372,325|1,302,910|
||||||1,399,516|1,325,179|
|Creditors: Amounts|||falling due within one year|15|166,501|165,021|
|Net current|assets||||1,233,015|1,160,158|
|Net assets|||||13,306,179|14,175,907|
|Funds ofthe||group:|||||
|Unrestricted||funds|||5,226,179|6,095,907|
|Designated|funds||||8,080,000|8,080,000|
|Total funds||||16|13,306,179|14,175,907|
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|CHARITY BA|LANCE|SHEET AS AT 31 DECEMBER 2022||||
|---|---|---|---|---|---|
||||Note|2022
8|2021
f|
|Fixed assets||||||
|Investments|||13|13,146,495|13,989,147|
|Current assets||||||
|Debtors|||14|1,925|2,822|
|Cash at bank and in||hand||178,583|206,392|
|||||180,508|209,214|
|Creditors: Amounts||falling due within one year|15|20,824|22,454|
|Net current assets||||159,684|186,760|
|Net assets||||13,306,179|14,175,907|
|Unrestricted|funds|||5,226,179|6,095,907|
|Designated|funds|||8,080,000|8,080,000|
|Total funds|||16|13,306,179|14,175,907|
##
||||Note|||2022|2021|
|---|---|---|---|---|---|---|---|
|Cashflowe from operating
activities||||||||
|Net cash (used in) operating
activities||||||(91,405)|(73,380)|
|Cashflowe from investing
activities||||||||
|Dividends,
interest and rent from investments|||||131,677|128,223||
|Proceeds from sale of investments|||||540,791|364,711||
|Purchase of investments|||||(574,215)|(297,250)||
|Net cash provided
by investing
activities||||||98,253|195,684|
|Change
in cash and cash equivalents|in the|reporting||period||6,848|122,304|
|Cash and cash equivalents
at the beginning||of|the year|||||
|||||||1,366,645|1,244,341|
|Cash and cash equivalents
at the end|ofthe|year||||1,373,493|1,366,645|
|Cash and cash equivalents||||||||
|Cash in hand||||||1,372,325|1,302,910|
|Cash held within
investment
portfolio||||||1,168|63,735|
|||||||1,373,493|1,366,645|
|Reconciliation
ofnet (expenditure)/income||to net cashf|||low from operating
activities|||
|Net (expenditure)/income
for the period as||per|the|||||
|Statement of Financial Activities||||||(869,728)|578,682|
|Adjustments
for:||||||||
|Losses/(Gains)
on investments||||||913,442|(517,516)|
|Dividends,
interest and rents from investments||||||(131,677)|(128,223)|
|(Increase)/Decrease
in debtors||||||(4,922)|4,361|
|Increase/(Decrease)
in creditors||||||1,480|(10,684)|
|Net cashf low from operating
activities||||||(91,405)|(73,380)|
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||||Total|Total|
|---|---|---|---|---|
||||2022|2021|
|||||E|
|Dividends|receivable from listed investments||95,960|97,732|
|Income from rents|||25,546|25,548|
|Interest receivable||on bank deposits|10,171|4,943|
||||131,677|128,223|
##
||||Total|Total|
|---|---|---|---|---|
||||2022|2021|
|||||E|
|Property expenses|||85,606|31,524|
|Portfolio management||fees|95,687|105,191|
|Other governance|costs||12,048|9,800|
||||193,341|146,515|
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||2022f|2021f|
|Direct grants to organisations||||477,948|486,150|
|Governance costs -|Note 7|||16,027|15,780|
|||||493,975|501,930|
|Direct grants to organisations:||||||
|Suffolk Community|Foundation|||80,000|80,000|
|Kent Community
Foundation||||40,000|80,000|
|Berkshire Community|Foundation|||80,000|80,000|
|Wiltshire
Community|Foundation|||80,000|80,000|
|Tyne & Wear and Northumberland||Community|Foundation|80,000|80,000|
|Voice4Change||||48,322||
|In Deep Community|Task Force||||5,830|
|Guernsey
Voluntary|Service||||10,494|
|Kissing
it Better||||19,626|19,826|
|Quartet
Community|Foundation|||50,000|50,000|
|||||477,948|486,150|
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|Governance|costs|||||
|---|---|---|---|---|---|
|||||Total|Total|
|||||2022|2021|
|||||f|f|
|Audit ofthe|financial statements||(note 10)|10,650|10,808|
|Consultancy|fees|||3,672|3,033|
|Trustee expenses||||50||
|Other governance||costs||1,655|1,939|
|||||16,027|15,780|
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|9
Staff costs||||
|---|---|---|---|
|The aggregate
payroll|costs were as follows:|||
|||2022
E|2021f|
|Staff costs during the year were:||||
|Payments
to individuals|for services as Directors|57,400|56,200|
##
|||2022f|2021|
|---|---|---|---|
|Audit ofthe financial|statements|9,210|8,030|
|Taxation||1,440|930|
|Other|||1,848|
|||10,650|10,808|
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|12 Net gains/(losses)|on investments|on investments|on investments|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|f|
|Net realised investment|(loss)/gain||on disposal of investments|(92,366)|11,780|
|Revaluations||||(821,076)|505,736|
|Net (losses)/gains
on|investments|||(913,442)|517,516|
|13Fixed Asset Investments||||||
|Group||||||
|||||2022|2021|
|||||f|f|
|Investment
properties||||8,681,364|8,681,364|
|Listed investments||||3,391,800|4,334,385|
|||||12,073,164|13,015,749|
|Investment
properties||||||
||||||Investment|
||||||properties
f|
|Cost or Valuation||||||
|At1 January 2022|||||8,681,364|
|Revaluation||||||
|At 31 December 2022|||||8,681,364|
|Net book value||||||
|At 31 December 2022|||||8,681,364|
|At 31 December 2021|||||8,681,364|
|Listed investments||||2022f|2021
E|
|Cost or Valuation||||||
|Market Value at 1 January||||4,270,650|3,862,746|
|Acquisitions
at cost||||574,215|297,250|
|Disposals||||(633,157)|(352,931)|
|Revaluation||||(821,076)|463,585|
|Market Value at 31 December||||3,390,632|4,270,650|
|Cash held within the investment||portfolio||1,168|63,735|
|||||3,391,800|4,334,385|
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|Charity|||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Investment||properties|||870,000|870,000|
|Shares|in|group undertakings|and participating|interests|8,884,695|8,784,762|
|Listed|investments||||3,391,800|4,334,385|
||||||13,146,495|13,989,147|
|Investment
properties||
|---|---|
||Investment|
||properties|
||B|
|Cost or Valuation||
|At 1 January 2022|870,000|
|Re va
Iuat ion||
|At 31 December 2022|870,000|
|Net book value||
|At 31 December 2022|870,000|
|At 31 December 2021|870,000|
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|Shares in group|undertakings|and participating
interests|||
|---|---|---|---|---|
||||Subsidiary||
||||undertakings|Total|
||||E||
|Cost|||||
|At 1 January 2022|||8,784,762|8,784,762|
|Revaluation|||99,933|99,933|
|At 31 December|2022||8,884,695|8,884,695|
|Net book value|||||
|At 31 December|2022||8,884,695|8,884,695|
|At 31 December|2021||8,784,762|8,784,762|
|Listed investments|||||
||||2022|2021|
||||F|E|
|Cost or Valuation|||||
|MarketValueat1|January||4,270,650|3,862,746|
|Acquisitions
at cost|||574,215|297,250|
|Disposals|||(633,157)|(352,931)|
|Revaluation|||821,076)|463,585|
|Market Value at|31 December||3,390,632|4,270,650|
|Cash held within|investment|portfolio|1,168|63,735|
||||3,391,800|4,334,385|
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|Group||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at 31|
|||Balance at 1|||Other||December|
|||January 2022|Income|Expenditure|recognised||2022|
||||E||(losses)||E|
|General||6,095,907|774,172|(730,458)|(913,442)||5,226,179|
|Designated||8,080,000|||||8,080,000|
|Total funds||14,175,907|774,172|730,458)|(913,442)||13,306,179|
||||||Other||Balance at 31|
|||Balance at 1|||recognised||December|
|||January 2021
E|Income|Expenditure
E|gains
f||2021|
|General||5,517,225|748,244|(687,078)|517,516||6,095,907|
|Designated||8,080,000|||||8,080,000|
|Total funds||13,597,225|748,244|(687,078)|517,516||14,175,907|
|Charity||||||||
||||||Other|Balance at 31||
|||Balance st 1|||recognised||December|
|||January 2022|Income|Expenditure|(losses)||2022|
|||E|E|E|||E|
|Unrestricted|funds|||||||
|General||6,095,907|472,467|(528,686)|(813,509)||5,226,179|
|Designated||8,080,000|||||8,080,000|
|Total funds||14,175,907|472,467|528,686)|(813,509)||13,306,179|
||||||Other|Balance st 31||
|||Balance st 1|||recognised||December|
|||January 2021|Income|Expenditure|gains||2021|
|||||E||||
|Unrestricted||||||||
|General||5,517,225|623,313|(542,433)|497,802||6,095,907|
|Designated||8,080,000|||||8,080,000|
|Total funds||13,597,225|623,313|(542433)|497,802||14,175,907|
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|Group|||||
|---|---|---|---|---|
|||||2022|
|||Unrestricted|Designated|Total|
|||funds|Funds|Funds|
|||||E|
|Fixed asset investments||3,993,164|8,080,000|12,073,164|
|Current|assets|1,399,516||1,399,516|
|Current|babilities|166,501)||(166,501)|
|Totalnet|assets|5,226,179|8,080,000|13,306,179|
##
|Charity|||||
|---|---|---|---|---|
|||||2022|
|||Unrestricted|Designated|Total|
|||Funds|Funds|Funds|
|||E|||
|Fixed asset investments||5,066,495|8,080,000|13,146,495|
|Current|assets|180,508||180,508|
|Current|liabilities|20,824)||20,824)|
|Total net assets||5,226,179|8,080,000|13,306,179|
|Group|||||
|---|---|---|---|---|
|||||2021|
|||Unrestricted|Designated|Total|
|||Fundsf|Funds
8|Fundsf|
|Fixed asset investments||4,935,749|8,080,000|13,015,749|
|Current|assets|1,325,179||1,325,179|
|Current|liabilities|165,021)||165,021)|
|Total net assets||6,095,907|8,080,000|14,175,907|
|Charity|||||
|||||2021|
|||Unrestricted|Designated|Total|
|||Funds|Funds|Funds|
|||E'|||
|Fixed asset investments||5,909,147|8,080,000|13,989,147|
|Current|assets|209,214||209,214|
|Current|liabilities|22,454)||22,454)|
|Total net assets||6,095,907|8,080,000|14,175,907|