| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | ||
| Trustees' Report |
2-5 | ||
| Trustees' Responsibilities Statement |
|||
| Independent Auditors' |
Report | on the Financial Statements | 7-10 |
| Statement of Financial | Activities | ||
| Balance Sheet | 12 | ||
| Statement ofCash Flows | 13 | ||
| Notes to the Financial | Statements | 14-26 |
| Company | registered | registered | |||||
|---|---|---|---|---|---|---|---|
| number | 09064489 | ||||||
| Charity registered | |||||||
| numbers | 1157980and SC038249 | ||||||
| Registered | office | Community | House | ||||
| Room F35 | |||||||
| South Street | |||||||
| Bromley | |||||||
| BR1 1RH | |||||||
| Grants | L Hungerford | ||||||
| AdministratorlCharity | |||||||
| Coordinator | |||||||
| Independent | auditors | James Cowper | Kreston Audit | ||||
| 2 Communications | Road | ||||||
| Greenham | Business Park | ||||||
| Greenham | |||||||
| Newbury | |||||||
| Berkshire | |||||||
| RG196AB | |||||||
| Bankers | Messrs Coutts | &Co. | |||||
| 440 Strand | |||||||
| London | |||||||
| WC2R OQS | |||||||
| Solicitors | Messrs Farrer | &Co. | |||||
| 66 Lincoln's | Inn Fields | ||||||
| London | |||||||
| WC2A 3LH | |||||||
| Investment | Advisors | Brewin Dolphin | Limited | ||||
| 12Smithfield | Street | ||||||
| London | |||||||
| EC1A 9BD |
| FOR THE YEAR | ENDED 31 D | ECEMBER 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Endowment | Restricted | Unrestricted | Total | Total | |||||
| funds | funds | funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||||
| Note | 6 | 6 | 6 | 8 | |||||
| Income and | |||||||||
| endowments | from: | ||||||||
| Donations and |
legacies | 3 | 250,000 | 3,850 | 253,850 | 30,251 | |||
| Investments | 4 | 378,216 | 378,216 | 333,728 | |||||
| Total income | and | ||||||||
| endowments | 250,000 | 382,066 | 632,066 | 363,979 | |||||
| Expenditure | on: | ||||||||
| Raising funds | 5 | 51,744 | 51,744 | 48,248 | |||||
| Charitable activities |
6 | 20,342 | 350,823 | 371,165 | 383,758 | ||||
| Total expenditure | 20,342 | 402,567 | 422,909 | 432,006 | |||||
| Net | |||||||||
| income/(expenditure) | |||||||||
| before net | |||||||||
| (losses)/gains | on | ||||||||
| investments | 250,000 | (20,342) | (20,501) | 209,157 | (68,027) | ||||
| Net (losses)/gains | on | ||||||||
| investments | (1,491,196) | (1,491,196) | 1,463,719 | ||||||
| Net | |||||||||
| income/(expenditure) | 250,000 | (20,342) | (1,511,697) | (1,282,039) | 1,395,692 | ||||
| Transfers between | |||||||||
| funds | 14 | (20,342) | 20,342 | ||||||
| Net movement | in | ||||||||
| funds | 229,658 | (1,511,697) | (1,282,039) | 1,395,692 | |||||
| Reconciliation | of | ||||||||
| funds: | |||||||||
| Total funds brought | |||||||||
| forward | 13,366,115 | 13,366,115 | 11,970,423 | ||||||
| Net movement | in funds | 229,658 | (1,511,697) | (1,282,039) | 1,395,692 | ||||
| Total funds carried | |||||||||
| forward | 229,658 | 11,854,418 | 12,084,076 | 13,366,115 |
| FOR THE Y | EAR ENDED 31 DECEMB | ER 2022 | |||
|---|---|---|---|---|---|
| Note | 2022 6 |
2021f | |||
| Cash flows from operating | activities | ||||
| Net cash used in operating | activities | 17 | (163,575) | (404,526) | |
| Cash flows from investing | activities | ||||
| Investment additions |
(894,791) | (2,182,652) | |||
| Investment disposals |
740,788 | 2,249,687 | |||
| Investment income |
378,216 | 333,728 | |||
| Net cash provided by investing activities |
224,213 | 400,763 | |||
| Net cash inflow/(outflow) | brought forward |
60,638 | (3,763) | ||
| Change in cash and cash |
equivalents in the year |
60,638 | (3,763) | ||
| Cash and cash equivalents | at the beginning | ofthe year | 577,419 | 581,182 | |
| Cash and cash equivalents | at the end ofthe year | 18 | 638,057 | 577,419 | |
| The notes on pages 14to 25 form part ofthese financial statements |
| Endowment | Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2022f | 2022 6 |
2022 | 2022 F |
2021 E |
|
| Donations | 250,000 | 150 | 250,150 | 30,251 | |
| Legacies | 3,700 | 3,700 | |||
| 250,000 | 3,850 | 253,850 | 30,251 | ||
| Total 2021 | 25,000 | 5,251 | 30,251 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| 6 | F | 6 | ||||
| Equities and | fixed interest | secudities | 377,931 | 377,931 | 333,710 | |
| Bank deposit interest | 285 | 285 | 18 | |||
| 378,216 | 378,218 | 333,728 | ||||
| Total 2021 | 333,728 | 333,728 | ||||
| Investment | management | costs | ||||
| Unrestricted | Total | Total | ||||
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| E | 6 | 6 | ||||
| Investment | management | fees | 51,744 | 51,744 | 48,248 | |
| Total2021 | 48,248 | 48,248 |
| Restricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2022 | 2022 | 2022 | 2021 | |
| E | 6 | 6 | E | |
| Aid in Sickness | 20,342 | 350,823 | 371,165 | 383,758 |
| Total 2021 | 25,000 | 358,758 | 383,758 |
| Grant | ||||
|---|---|---|---|---|
| funding of | Support | Total | Total | |
| activities | costs | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| 6 | E | F | E | |
| Aid in Sickness | 301,638 | 69,527 | 371,165 | 383,758 |
| Total2021 | 327,145 | 56,613 | 383,758 |
| Total | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||||
| 2022f | 2021f | |||||||||
| Staff costs | 40,012 | 29,763 | ||||||||
| Bank charges | 533 | 637 | ||||||||
| Bookkeeping | 6,539 | 6,203 | ||||||||
| Rent | 6,484 | 5,950 | ||||||||
| Postage, printing |
and stationery | 757 | 550 | |||||||
| Computer expenses | 2,343 | 2,013 | ||||||||
| Governance | costs | 11,136 | 9,960 | |||||||
| Telephone | 731 | 605 | ||||||||
| Sundry expenses | 141 | 123 | ||||||||
| Insurance | 851 | 809 | ||||||||
| 69,527 | 56,613 | |||||||||
| 8. | Auditors' remuneration |
|||||||||
| 2022f | 2021f | |||||||||
| Fees payable to | the Charity's | auditor | for the audit ofthe Charity's | annual | ||||||
| accounts | 6,750 | 6,620 | ||||||||
| Fees payable to | the Charity's | auditor | in respect of: | |||||||
| Ag non-audit | services not included | above | 1,850 | 1,680 | ||||||
| 9. | Staff costs | |||||||||
| 2022 F |
2021f | |||||||||
| Wages and | salaries | 39,486 | 26,970 | |||||||
| Social security costs | 2,793 | |||||||||
| Contribution | to defined | contribution | pension schemes | 526 | ||||||
| 40,012 | 29,763 |
| Unlisted | |||||
|---|---|---|---|---|---|
| Listed | investments | ||||
| investments | (cash) | Total | |||
| 6 | 5 | E | |||
| Cost or valuation | |||||
| At 1 January 2022 | 12,819,784 | 399,547 | 13,2'I 9,331 | ||
| Additions | 894,791 | 894,791 | |||
| Disposals | (740,788) | (740,788) | |||
| Revaluations | (1,491,196) | (1,491,196) | |||
| Movement in cash reserves |
44,253 | 44,253 | |||
| At 31December 2022 | 11,482,591 | 443,800 | 11,926,391 | ||
| Net book value | |||||
| At 31 December 2022 | 'l1,482,591 | 443,800 | 11,926,391 | ||
| At 31 December 2021 | 12,819,784 | 399,547 | 13,219,331 | ||
| 12. | Debtors | ||||
| 2022f | 2021 E |
||||
| Due after more than | one year | ||||
| Prepayments and accrued income |
12,715 | ||||
| Due within one year | |||||
| Other debtors | 727 | 656 | |||
| Prepayments | 967 | 851 | |||
| 1,694 | 14,222 | ||||
| 13. | Creditors: Amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| 5 | 6 | ||||
| Bank overdrafts | 10,715 | ||||
| Other creditors | 123 | ||||
| Accruals | 38,143 | 45,310 | |||
| 38,266 | 56,025 |
| Balance at | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | 31 | ||||||||
| 1 January | Gains/ | December | |||||||
| 2021 F |
Income f |
Expenditure | (Losses) 5 |
2021 5 |
|||||
| Unrestricted | funds | ||||||||
| General Funds - all | funds | 11,970,423 | 338,979 | (407,225) | 1,463,938 | 13,366,115 | |||
| Restricted | funds | ||||||||
| The Edward | Gostling Fund |
25,000 | (25,000) | ||||||
| Total offunds | 11,970,423 | 363,979 | (432,225) | 1,463,938 | 13,366,115 | ||||
| Summary | offunds | ||||||||
| Summary | offunds | - current year | |||||||
| Balance at | |||||||||
| Balance | at 1 | 31 | |||||||
| January | Transfers | Gains/ | December | ||||||
| 2022 F |
Income f |
Expenditure 6 |
in/out 5 |
(Losses) 6 |
2022f | ||||
| General funds | 13,366,115 | 382,066 | (402,567) | (1,491,196) | 11,854,418 | ||||
| Endowment | |||||||||
| funds | 250,000 | (20,342) | 229,658 | ||||||
| Restricted | funds | (20,342) | 20,342 | ||||||
| 13,366,115 | 632,066 | (422,909) | (1,491,196) | 12,084,076 |
| Summary offunds - prior year |
|||||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | 31 | ||||||
| 1 January | Gains/ | December | |||||
| 2021 F |
Income f |
Expenditure | f | (Losses) 6 |
2021 5 |
||
| General funds | 11,970,423 | 338,979 | (407,225) | 1,463,938 | 13,366,115 | ||
| Restricted funds | 25,000 | (25,000) | |||||
| 11,970,423 | 363,979 | (432,225) | 1,463,938 | 13,366,115 | |||
| Analysis of net assets between | funds | ||||||
| Analysis ofnet assets between | funds | - current year | |||||
| Endowment | Unrestricted | Total | |||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | |||||
| 6 | 6 | 6 | |||||
| Fixed asset investments | 229,658 | 11,696,733 | 11,926,391 | ||||
| Current assets | 195,951 | 195,951 | |||||
| Creditors due within one year | (38,266) | (38,266) | |||||
| Total | 229,658 | 11,854,418 | 12,084,076 | ||||
| Analysis of net assets between | funds | - prior year | |||||
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| 2021 | 2021 | ||||||
| 5 | 8 | ||||||
| Fixed asset investments | 13,219,331 | 13,219,331 | |||||
| Debtors due after more than one | year | 12,715 | 12,715 | ||||
| Current assets | 190,094 | 190,094 | |||||
| Creditors due within one year | (56,025) | (56,025) | |||||
| Total | 13,366,115 | 13,366,115 |
| 17. | Reconcili | ation of net |
mo | vem | ent | in fun | ds t | o net | cash flow | from | operating | activities | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||||
| E | 5 | ||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | |||||
| Activities) | (1,282,039) | 1,395,692 | |||||||||||
| Adjustments for: |
|||||||||||||
| Investment | income | (378,216) | (333,728) | ||||||||||
| Gains/loss | on investments | 1,491,196 | (1,463,719) | ||||||||||
| Decrease | in debtors | 12,528 | 1,765 | ||||||||||
| Decrease | in creditors | (7,044) | (4,536) | ||||||||||
| Net cash | used in operating | activities | (163,575) | (404,526) | |||||||||
| 18. | Analysis | ofcash and | cash equivalents | ||||||||||
| 2022 f |
2021 E |
||||||||||||
| Cash in hand | 194,257 | 188,587 | |||||||||||
| Current investments |
443,800 | 399,547 | |||||||||||
| Overdraft | facility repayable | on | demand | (10,715) | |||||||||
| Total cash and cash | equivalents | 638,057 | 577,419 | ||||||||||
| 19. | Analysis | ofchanges | in net debt | ||||||||||
| At 1 | At 31 | ||||||||||||
| January | December | ||||||||||||
| 2022 | Cash flows | 2022 | |||||||||||
| F | |||||||||||||
| Cash at bank and in hand | 188,587 | 5,670 | 194,257 | ||||||||||
| Bank overdraRs repayable |
on | demand | (10,715) | 10,715 | |||||||||
| 177,872 | 16,385 | 194,257 |