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2024-05-31-accounts
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|
Page |
|
| Report oftheTrustees |
I |
to |
2 |
| Independent Examiner'sReport |
|
3 |
|
| Statement of Financial Activities |
|
4 |
|
| Balance Sheet |
|
5 |
|
| Cash Flow Statement |
|
6 |
|
| Notes tothe Cash Flow Statement |
|
7 |
|
| Notes to theFinancial Statements |
8 |
to |
13 |
| Detailed Statement ofFinancial Activities |
|
14 |
|
|
|
2024 |
2023 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
|
|
| INCOME AND ENDOWMENTSFROM |
|
|
|
| Investment income |
2 |
50,844 |
46,749 |
| EXPENDITUREON |
|
|
|
| Raising funds |
3 |
10,400 |
10,668 |
| Charitable activities |
4 |
|
|
| Donations |
|
39,000 |
42,000 |
| Total |
|
49,400 |
52,668 |
| NETINCOME/(EXPENDITURE) |
|
1,444 |
(5,919) |
| RECONCILIATION OF FUNDS |
|
|
|
| Total funds brought forward |
|
|
|
| TOTAL FUNDS CARRIED FORWARD |
|
1,557,535 |
1,556,091 |
|
|
2024 |
2023 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
|
|
| FIXED ASSETS |
|
|
|
| Investments |
9 |
1,448,289 |
1,448,289 |
| CURRENTASSETS |
|
|
|
| Cash at bank |
|
109,546 |
108,282 |
| CREDITORS |
|
|
|
| Amounts falling due within one year |
10 |
(300) |
(480) |
| NET CURRENT ASSETS |
|
109,246 |
107,802 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
| LIABILITIES |
|
1,557,535 |
|
| NET ASSETS |
|
1,557,535 |
1,556,091 |
| FUNDS |
11 |
|
|
| Unrestricted funds |
|
1,557,535 |
|
| TOTAL VUNbS |
|
|
|
|
2024 |
2023 |
| Notes |
|
|
| Cash flows from operatingactivities |
|
|
| Cash generated from operations |
(49,280) |
(52,668) |
| Finance costs paid |
(300) |
240 |
| Net cash used in operating activities |
(49,580) |
(52,428) |
| Cash flows from investing activities |
|
|
| Sale offixed asset investments |
|
18,067 |
| Interest received |
50,844 |
46,749 |
| Net cash providedby investing activities |
50,844 |
64,816 |
| Change in cash and cash equivalents |
|
|
| in the reporting period |
1,264 |
12,388 |
| Cash and cash equivalents at the |
|
|
| beginning of the reportingperiod |
108,282 |
95,894 |
| Cash and cash equivalents at the end |
|
|
| ofthe reporting period |
109,546 |
108,282 |
|
2024 |
2023 |
| Net income/(expenditure) for the reportingperiod (as per the |
|
|
| Statement of Financial Activities) |
1,444 |
(5,919) |
| Adjustments for: |
|
|
| Interest received |
(50,844) |
(46,749) |
| Finance costs |
300 |
(240) |
| (Decrease)/increase in creditors |
(180) |
240 |
| Net cash used in operations |
(49,280) |
(52,668) |
| ANALYSISOF CHANGESIN NE |
T FUNDS |
|
|
|
At 1.6.23 |
Cash flow |
At 31.5.24 |
| Net cash |
|
|
|
| Cash at bank |
108,282 |
1,264 |
109,546 |
|
108,282 |
1,264 |
109,546 |
| Total |
108,282 |
1,264 |
109,546 |
| 2. |
INVESTMENT INCOME |
|
|
|
|
2024 |
2023 |
|
Interest received |
2,371 |
686 |
|
Dividends received |
48,473 |
46,063 |
|
|
50,844 |
46,749 |
| 3. |
RAISING FUNDS |
|
|
|
Raising donations and legacies |
|
|
|
|
2024 |
2023 |
|
Supportcosts |
|
10,668 |
|
Investment management costs |
|
|
|
|
2024 |
2023 |
|
Supportcosts |
10,400 |
|
|
Aggregate amounts |
10,400 |
10,668 |
| 4. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Grant |
|
|
|
funding of |
|
|
|
activities |
|
|
|
(see note |
|
|
|
5) |
|
Donations |
|
39,000 |
|
|
|
|
2024 |
2023 |
|
Donations |
|
|
39,000 |
42,000 |
| 6. |
SUPPORT |
COSTS |
|
|
|
|
|
|
|
|
Governance |
|
|
|
|
|
costs |
|
Investment |
management |
costs |
|
10,400 |
|
Unrestricted |
|
fund |
| INCOME AND ENDOWMENTSFROM |
|
| Investment income |
46,749 |
EXPENDITURE
ON |
|
| Raising funds |
10,668 |
| Charitable activities |
|
| Donations |
42,000 |
| Total |
52,668 |
| NET INCOME/(EXPENDITURE) |
(5,919) |
| RECONCILIATION OF FUNDS |
|
| Total funds brought forward |
|
| TOTAL FUNDS CARRIED |
|
| FORWARD |
|
| Page IO |
continued... |
| FIXEDASSET INVESTMENTS |
|
|
Unlisted |
|
investments |
| MARKET VALUE |
|
| At 1st June 2023 and 31st May 2024 |
1,448,289 |
| NET BOOKVALUE |
|
| At 31st May 2024 |
1,448,289 |
| At 31st May 2023 |
|
| Therewere no investment assets outside the UK. |
|
| 10. |
CREDITORS: AMOUNTSFALLING DUE WITHIN ONE |
CREDITORS: AMOUNTSFALLING DUE WITHIN ONE |
YEAR |
|
|
|
|
|
|
2024 |
2023 |
|
Other creditors |
|
|
300 |
480 |
| 11. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
At 1.6.23 |
|
in funds |
31.5.24 |
|
Unrestricted funds |
|
|
|
|
|
General fund |
1,556,091 |
|
|
1,557,535 |
|
TOTAL
FUNDS |
|
|
1,444 |
1,557,535 |
|
Net movementin funds, included in the above are as follows: |
|
|
|
|
|
|
Incoming |
|
Resources |
Movement |
|
|
resources |
|
expended |
in funds |
|
Unrestricted funds |
|
|
|
|
|
General fund |
|
50,844 |
(49,400) |
1,444 |
|
TOTAL FUNDS |
|
50,844 |
(49,400) |
1,444 |
|
|
Net |
|
|
|
movement |
|
|
At 1.6.22 |
in funds |
31.5.23 |
| Unrestricted funds |
|
|
|
| General fund |
|
(5,919) |
|
| TOTAL FUNDS |
|
(5,919) |
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
| Unrestricted funds |
|
|
|
| General fund |
46,749 |
(52,668) |
(5,919) |
| TOTAL FUNDS |
46,749 |
(52,668) |
(5,919) |
|
|
Net |
|
|
|
movement |
|
|
At 1.6.22 |
in funds |
31.5.24 |
| Unrestricted funds |
|
|
|
| General fund |
|
(4,475) |
1,557,535 |
| TOTAL FUNDS |
1,562,010 |
(4,475) |
1,557,535 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
| Unrestricted funds |
|
|
|
| General fund |
97,593 |
(102,068) |
(4,475) |
| TOTAL FUNDS |
97,593 |
(102,068) |
(4,475) |
|
DETAILED STATEMENTOF FINANCIAL ACTIVITIES |
DETAILED STATEMENTOF FINANCIAL ACTIVITIES |
|
|
|
FOR THE YEAR ENDED 31ST MAY 2024 |
|
|
|
2024 |
2023 |
| INCOMEAND ENDOWMENTS |
|
|
|
| Investment income |
|
|
|
| Interest received |
|
2,371 |
686 |
| Dividends received |
|
48,473 |
46,063 |
|
|
50,844 |
46,749 |
| Total incoming resources |
|
50,844 |
|
| EXPENDITURE |
|
|
|
| Charitable activities |
|
|
|
| Grants to institutions |
|
39,000 |
42,000 |
| Support costs |
|
|
|
| Other 3 |
|
|
|
| Sundries |
|
|
167 |
| Governance costs |
|
|
|
| Accountancy and legal |
fees |
300 |
240 |
| Investment charges |
|
10,100 |
10,261 |
|
|
10,400 |
10,501 |
| Total resources expended |
|
49,400 |
52,668 |
| Net income/(expenditure) |
|
,444 |
(5,919) |