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2023-02-28-accounts
| Trustees |
Charles Philip Lawrence Clayton |
|
Maxwell Brendan Jack |
|
Dominic Hugh Neville Ogden |
| Charity number |
1159344 |
| Principal address |
Alexandra House |
|
St Johns Street |
|
Salisbury |
|
Wiltshire |
|
SP1 2$ |
| Independent examiner |
James Fletcher FCA |
|
Fletcher & Partners |
|
Crown Chambers |
|
Bridge Street |
|
Salisbury |
|
SP1 2LZ |
| Solicitors |
Wilsons Solicitors LLP |
|
Alexandra House |
|
St Johns Street |
|
Salisbury |
|
Wiltshire |
|
SP1 2S |
| Investment advisors |
Brewin Dolphin Limited |
|
8 Waterloo Place |
|
London |
|
SW1Y4BE |
|
Page |
| Trustees' report |
1-2 |
| Independent examiner's report |
3 |
| Statement offinancial activities |
4 |
| Balance sheet |
5 |
| Notes to the accounts |
6- 10 |
|
|
Unrestricted |
Expendable |
Total |
Total |
|
|
funds |
Endowment |
|
|
|
|
|
funds |
2023 |
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
2 |
28,918.01 |
2,681,351.05 |
2,710,269.06 |
|
| Investments |
3 |
55,737.88 |
|
55,737.88 |
24,078.02 |
| Total income and endowments |
|
84,655.89 |
2,681,351.05 |
2,766,006.94 |
24,078.02 |
| Expenditure on: |
|
|
|
|
|
| Raisingfunds |
4 |
|
20,042.13 |
20,042.13 |
8,571.46 |
| Charitable activities |
5 |
753,114.00 |
|
753,114.00 |
100,703.00 |
| Total resources expended |
|
753,114.00 |
20,042.13 |
773,156.13 |
109,274.46 |
| Transfer from Expendable endowment |
|
668,458.11 |
(668,458.11) |
|
|
| Net gains/(losses) on investments |
9 |
|
189,406.39 |
189,406.39 |
36,285.87 |
| Net movementin funds |
|
|
2,182,257.20 |
2,182,257.20 |
(48,910.57) |
| Fund balances at 1 March 2022 |
|
|
834,284.69 |
834,284.69 |
883,195.26 |
| Fund balances at 28 February 2023 |
|
|
3,016,541.89 |
3,016,541.89 |
834,284.69 |
|
|
|
2023 |
|
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Investments |
1 O |
|
2,602,616.22 |
|
823,836.51 |
| Current assets |
|
|
|
|
|
| Debtors |
11 |
4,750.93 |
|
1,218.14 |
|
| Cash at bank and in hand |
|
514,016.61 |
|
27,089.61 |
|
|
|
518,767.54 |
|
28,307.75 |
|
| Creditors: amounts falling due within |
12 |
|
|
|
|
| one year |
|
(104,841.87) |
|
(17,859.57) |
|
| Net current assets |
|
|
413,925.67 |
|
10,448.18 |
| Total assets less current liabilities |
|
|
3,016,541.89 |
|
834,284.69 |
| Capital funds |
|
|
|
|
|
| Endowmentfunds - general |
|
|
3,016,541.89 |
|
834,284.69 |
| Incomefunds |
|
|
|
|
|
| Unrestricted funds |
|
|
|
|
|
|
|
|
3,016,541.89 |
|
834,284.69 |
|
|
Unrestricted |
Endowment |
|
Total |
Total |
|
|
funds |
funds |
|
2023 |
2022 |
|
|
|
general |
|
|
|
|
|
£ |
£ |
|
£ |
£ |
|
Donations and gifts |
|
|
|
|
|
|
Investments and investment cash |
|
2,056,646.82 |
2,056,646.82 |
|
|
|
Cash |
28,918.01 |
624,654.23 |
653,572.24 |
|
|
|
Miscellaneous receipt |
|
50.00 |
|
50.00 |
|
|
|
28,918.01 |
2,681,351.05 |
2,710,269.06 |
|
|
| 3 |
Investments |
|
|
|
|
|
|
|
|
|
2023 |
|
2022 |
|
|
|
|
£ |
|
£ |
|
Income from listed investments |
|
|
52,625.13 |
23,015.04 |
|
|
Interest receivable |
|
|
1,367.30 |
|
|
|
Accrued income |
|
|
1,745.45 |
|
1,062.98 |
|
|
|
|
55,737.88 |
24,078.02 |
|
| 4 |
Raising funds |
|
|
|
|
|
|
|
|
|
2023 |
|
2022 |
|
|
|
|
£ |
|
£ |
|
Investment management |
|
|
20,042.13 |
|
8,571.46 |
|
|
|
|
20,042.13 |
|
8,571.46 |
|
|
|
|
2023 |
2022 |
|
|
|
|
£ |
£ |
|
Grant funding of activities (see note 6) |
|
|
747,000.00 |
95,000.00 |
|
Share of governance costs (see note 7) |
|
|
6,114.00 |
5,703.00 |
|
|
|
|
753,114.00 |
100,703.00 |
| 6 |
Grants payable |
|
|
|
|
|
|
|
|
2023 |
2022 |
|
|
|
|
£ |
£ |
|
Grants to institutions (7 grants): |
|
|
|
|
|
Medical / Health |
|
|
200,000.00 |
35,000.00 |
|
Community |
|
|
100,000.00 |
10,000.00 |
|
Overseas / Humanitarian |
|
|
150,000.00 |
40,000.00 |
|
Veterans |
|
|
297,000.00 |
10,000.00 |
|
|
|
|
747,000.00 |
95,000.00 |
| 7 |
Support costs |
|
|
|
|
|
|
Governance |
2023 |
|
2022 |
|
|
costs |
|
|
|
|
|
£ |
£ |
|
£ |
|
Legal fees |
4,416.00 |
4,416.00 |
|
4,224.00 |
|
Fletcher & Partners |
1,698.00 |
1,698.00 |
|
1,464.00 |
|
Disbursements |
|
|
|
15.00 |
|
|
6,114.00 |
6,114.00 |
|
5,703.00 |
|
Analysed between |
|
|
|
|
|
Charitable activities |
6,114.00 |
6,114.00 |
|
5,703.00 |
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Revaluation ofinvestments |
140,295.16 |
43,755.44 |
|
Gain/(loss) on sale of investments |
49,111.23 |
(7,469.57) |
|
|
189,406.39 |
36,285.87 |
10 |
Fixed asset investments |
|
|
|
Movement in fixed asset listed investments |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Market Value as at 1March 2022 |
823,836.51 |
833,640.30 |
|
Donated investments and investment cash |
2,056,646.82 |
|
|
Acquisitions in year |
830,105.53 |
59,417.23 |
|
Disposals in year at carrying value |
(1,252,556.08) |
(103,234.25) |
|
Unrealised gain/(loss) on revaluation |
140,295.16 |
39,411.70 |
|
Increase/decrease in investment cash |
4,288.28 |
(5,398.47) |
|
As at 28 February 2023 |
2,602,616.22 |
823,836.51 |
|
Historic cost as at 28 February 2023 |
2,354,476.35 |
719,284.89 |
|
Listed investments |
2,575,850.66 |
801,359.23 |
|
Cash deposits |
26,765.56 |
22,477.28 |
|
|
2,602,616.22 |
823,836.51 |
11 |
Debtors |
|
|
|
|
2023 |
2022 |
|
Amounts falling due within one year: |
£ |
£ |
|
Other debtors |
4,750.93 |
1,218.14 |
12 |
Creditors: amounts falling due within one year |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Other creditors |
104,841.87 |
17,859.57 |
| 13 |
Prior year statement offinancial activities |
|
|
|
|
|
Unrestricted |
Expendable |
|
|
|
funds |
Endowment |
Total |
|
|
|
funds |
2022 |
|
|
£ |
£ |
£ |
|
Income from: |
|
|
|
|
Investments |
24,078.02 |
|
24,078.02 |
|
Expenditure: |
|
|
|
|
Raising Funds |
|
8,571.46 |
8,571.46 |
|
Charitable activities |
100,703.00 |
|
100,703.00 |
|
Total resources expended |
100,703.00 |
8,571.46 |
109,274.46 |
|
Transferfrom Expendable endowment |
59,974.29 |
(59,974.29) |
|
|
Net gains/(losses) on investments |
|
36,285.87 |
36,285.87 |
|
Net movement in funds |
(16,650.69) |
(32,259.88) |
(48,910.57) |
|
Fund balances at 1 March 2021 |
16,650.69 |
866,544.57 |
883,195.26 |
|
Fund balances at 28 February 2022 |
|
834,284.69 |
834,284.69 |