| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement ofFinancial Activities | 13 |
| fo | r the Yea | r Ended 31July 2022 | ||||
|---|---|---|---|---|---|---|
| 31.7.22 | 31.7.21 | |||||
| Unrestricted | Total | |||||
| Notes | fundf | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
2,422 | 5,904,518 | ||||
| Investment income |
161,296 | 106,072 | ||||
| Total | 163,718 | 6,010,590 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 48,491 | 26,423 | ||||
| Charitable activities |
||||||
| St Laurence Education | Trust (for fees at | |||||
| Ampleforth College) |
152,529 | 86,399 | ||||
| Other | 4,744 | 3,080 | ||||
| Total | 205,764 | 115,902 | ||||
| Net gains/(losses) on investments |
(405,690) | 613,659 | ||||
| NET INCOME/(EXPENDITURE) | (447,736) | 6,508,347 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forvvard | 8,457,405 | 1,949,058 | |||
| TOTAL FUNDS CARRIED FORWARD | 8,009 669 | 8,457,405 | ||||
| CONTINUING OPERATIONS |
||||||
| All income and expenditure has arisen from |
continuing | activities. |
| The Adrian &Marie Francoise Randag | ||||
|---|---|---|---|---|
| Bequest | ||||
| Balance Sheet | ||||
| 31July 20ZZ | ||||
| 31.7.22 | 31.7.21 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Investments | 7,879,034 | 8.158,804 | ||
| CURRENT | ASSETS | |||
| Debtors | 1,000 | 173,873 | ||
| Cash at bank | 135,539 | 127,808 | ||
| 136,539 | 301,681 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
(5904) | (3080) | ||
| NET CURRENT ASSETS | 130,635 | 298,601 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 8,009,669 | 8,457,405 | ||
| NET ASSETS | 8,009,669 | 8,457,405 | ||
| FUNDS | ||||
| Unrestricted | funds | 8,009,669 | 8,457,405 | |
| TOTAL FUNDS | 8,009,669 | 8,457,405 |
| 31.7.22 | 31.7.21 | |||
|---|---|---|---|---|
| 8 | ||||
| Dividends | 159,910 | 105,644 | ||
| Deposit account interest | 1,386 | 428 | ||
| 161,296 | 106,072 | |||
| RAISING | FUNDS | |||
| Investment | management | costs | ||
| 31.7.22 | 31.7,21 | |||
| f | ||||
| Support costs | 48,491 | 26,423 |
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| INCOME | AND ENDOWMENTS FROM | ||
| Donations | and legacies | 5,904,518 | |
| Investment | income | 106,072 | |
| Total | 6,010,590 | ||
| EXPENDITURE ON | |||
| Raising funds | 26,423 | ||
| Charitable | activities | ||
| StLaurence Education | Trust (for fees at | ||
| Ampleforth | College) | 86,399 | |
| Other | 3,080 | ||
| Total | 115,902 | ||
| Net gains | on investments | 613,659 | |
| NET INCOME | 6,508,347 | ||
| RECONCILIATION | OF FUNDS | ||
| Total funds brought | forward | 1,949,058 |
| Notes to the Financ for the Year |
Notes to the Financ for the Year |
Notes to the Financ for the Year |
Notes to the Financ for the Year |
ial Statements -continued Ended 31July 2022 |
||
|---|---|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT | OF FINANCIAL ACTIVITIES - continued | |||||
| Unrestricted | ||||||
| fund | ||||||
| TOTAL FUNDS CARRIED FORWARD | 8,457,405 | |||||
| 6. | FIXEDASSET INVESTMENTS | |||||
| 31.7.22 | 31.7.21 | |||||
| I | ||||||
| Shares | 7,532,300 | 8,111,704 | ||||
| Rathbones | capital | account | 346,734 | 47,100 | ||
| 7,879,034 | 8,158,804 | |||||
| Additional | information | as follows: | ||||
| Listed | ||||||
| investments | ||||||
| I | ||||||
| MARKET | VALUE | |||||
| At 1 August 2021 Additions |
8,111,704 775,836 |
|||||
| Disposals | (1,119,817) | |||||
| Revaluations | (235,423) | |||||
| At 31July | 2022 | 7,532,300 | ||||
| NET BOOK VALUE | ||||||
| At 31July | 2022 | 7,532,300 | ||||
| At 31July | 2021 | 8,111,704 | ||||
| There were | investment | assets off2,908,454 outside the UK. | ||||
| There were no material | investments. | |||||
| Cost or valuation | at 31 | July 2022 is represented | by: | |||
| Listed | ||||||
| investments | ||||||
| Valuation | in 2022 | 325,641 | ||||
| Cost | 7,206,659 | |||||
| 7,532,300 |
| Ifthe investments | had not been revalued | they would have bee | n included | at the fo | llowing historical | cost: | |
|---|---|---|---|---|---|---|---|
| 31.7.22 | 31.7.21 | ||||||
| Cost | 7,206,659 | 7,561,321 | |||||
| The investments | were valued on an open market basis on 31 July 2022 | by Rathbones. | |||||
| Investments (neither listed nor unlisted) |
were as follows: | ||||||
| 31.7.22 | 31.7.21 | ||||||
| 8 | |||||||
| Rathbones GBP | capital account | 176,911 | 47,100 | ||||
| Rathbones USD | Accounts | 113,137 | |||||
| Rathbones Euro |
Accounts | 56,686 | |||||
| 346,734 | 47,1(10 | ||||||
| 7. | DEBTORS:AMOUNTS FALLING DUK WITHIN ONK | YEAR | |||||
| 31.7.22 | 31.7.21 | ||||||
| E | |||||||
| Other debtors | 1,000 | 173,873 | |||||
| 8. | CREDITORS: | AMOUNTS FALLING DUE WITHIN ONK YEAR | |||||
| 31.7.22 | 31.7.21 | ||||||
| Trade creditors | 3,744 | ||||||
| Other creditors | 2,160 | 3,080 | |||||
| 5,904 | 3,080 | ||||||
| 9. | MOVEMENT | IN FUNDS | |||||
| Net | |||||||
| movement | At | ||||||
| At | 1.8.21 | in funds | 31.7.22 | ||||
| f, | I | ||||||
| Unrestricted funds |
|||||||
| General fund | 8,457,405 | (447,736) | 8,009,669 | ||||
| TOTAL FUNDS | 8,457,405 | (447,736) | 8,009,669 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources f. |
expended | losses f |
in funds | |||
| Unrestricted | funds | |||||
| General fund | 163,718 | (205,764) | (405,690) | (447,736) | ||
| TOTALFUNDS | 163,718 | (205,764) | (405,690) | (447,736) | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.8.20 | in funds | 31.7.21 | ||||
| Unrestricted | funds | |||||
| General fund | 1,949,058 | 6,508,347 | 8,457,405 | |||
| TOTAL FUNDS | 1,949,058 | 6,508,347 | 8,457,405 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 6,010,590 | (115,902) | 613,659 | 6,508,347 | |
| TOTAL FUNDS | 6,010,590 | (115,902) | 613,659 | 6,508,347 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.8.20 | in funds | 31.7.22 | ||
| Unrestricted | funds | |||
| General fund | 1,949,058 | 6,060,611 | 8,009,669 | |
| TOTALFUNDS | 1,949,058 | 6,060,611 | 8,009,669 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| E | E | ||||
| Unrestricted | funds | ||||
| General fund | 6,174,308 | (321,666) | 207,969 | 6,060,611 | |
| TOTAL FUNDS | 6,174,308 | (321,666) | 207,969 | 6,060,611 |
| Detailed Statement of Financial Activities | ||||
|---|---|---|---|---|
| for the Year Ended 31 July 2022 | ||||
| 31.7.22 | 31.7.21f | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 423 | 16,728 | ||
| Legacies | 1,999 | 5,887,790 | ||
| 2,422 | 5,904,518 | |||
| Investment income |
||||
| Dividends | 159,910 | 105,644 | ||
| Deposit account interest | 1,386 | 428 | ||
| 161,296 | 106,072 | |||
| Total incoming resources | 163,718 | 6,010,590 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Grants to institutions | 152,529 | 86,399 | ||
| Support costs | ||||
| Governance costs |
||||
| Auditors' remuneration |
740 | |||
| Investment management Accountancy |
fees | 48,491 4,744 |
26,423 2,340 |
|
| 53,235 | 29,503 | |||
| Total resources expended | 205,764 | 115,902 | ||
| Net (expenditure)/income | (42,046) | 5,894,688 |