| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 2 |
| Report ofthe Independent Auditors |
3 | to | 5 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 10 | to | 13 |
| Detailed Statement ofFinancial Activities | 14 |
| STRUCTURE, | GOVE | RNANCE AND MANAGEME |
|---|---|---|
| Management | ||
| The Trust is controlled | by the Trustees. | |
| REFERENCE | AND ADMINISTRATIVE DETAILS | |
| Registered Charity number | ||
| 1163819 | ||
| Principal address | ||
| 7Lingfield Avenue |
||
| Kingston-upon-Thames | ||
| Surrey | ||
| KT1 2TL | ||
| Trustees | ||
| Mr JCooper | ||
| Mrs ECooper | ||
| Miss JCooper | ||
| Auditors | ||
| Collards | ||
| Chartered Accountants |
||
| Registered Auditors | ||
| 5-9Eden Street | ||
| Kingston-upon- | Thames | |
| Surrey | ||
| KT1 IBQ | ||
| Investment Advisers |
||
| Barclays Wealth | Management | |
| 1 Churchill Place |
||
| Canary Wharf | ||
| London | ||
| E14 5HP |
| F | OR THE YEAR ENDED 30JUNE | 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Investment income |
327,922 | 38],560 | |||
| EXPENDITURE | ON | ||||
| Raising funds | 66,211 | 43,612 | |||
| Charitable activities |
|||||
| Grants issued | 65,000 | 90,000 | |||
| Other | 3,275 | 2,520 | |||
| Total | 134,486 | 136,132 | |||
| Net gains/(losses) | on investments | (1,359,102) | 1,998,447 | ||
| NET INCOME/(EXPENDITURE) | (1,165,666) | 2,243,875 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 15,556,380 | 13,312,505 | |||
| TOTAL FUNDS | CARRIED FORWARD | 14,390,714 | 15,556,380 |
| 30 | JUNE 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Unrestricted | Total | |||||||||
| fund | funds | |||||||||
| Notes | ||||||||||
| FIXEDASSETS | ||||||||||
| Investments | 14,198,935 | 15,570,112 | ||||||||
| CURRENT ASSETS | ||||||||||
| Debtors: amounts | falling | due within one | year | 32,567 | ||||||
| Cash at bank | 182,552 | 430 | ||||||||
| 215,119 | 430 | |||||||||
| CREDITORS | ||||||||||
| Amounts falling due within one year |
(23,340) | (14,162) | ||||||||
| NET CURRENT | ASSETS | 191,779 | (13,732) | |||||||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 14,390,714 | 15,556,380 | ||||||||
| NET ASSETS | 14,390,714 | 15,556,380 | ||||||||
| FUNDS | ||||||||||
| Unrestricted funds |
14,390,714 | 15,556,380 | ||||||||
| TOTAL FUNDS | 14,390,714 | 15,556,380 | ||||||||
| Thefinancial stat |
ments | werearoved | btheBoard | ofTrustees | andauthorised | forissueon | 7/+/+I | and | eesa»e |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
(157,875) | (134,413) | |||||
| Net cash used in operating | activities | (157,875) | (134,413) | ||||
| Cash flows from investing | activities | ||||||
| Purchase offixed asset investments | (17,631,982) | (381,560) | |||||
| Sale offixed asset investments | 17,966,128 | 48,447 | |||||
| Dealing account movement | (322,071) | (6,554) | |||||
| Interest received | 3 | ||||||
| Dividends received |
327,919 | 381,560 | |||||
| Net cash provided by investing |
activities | 339,997 | 41,893 | ||||
| Change in cash and cash equivalents |
in the | ||||||
| reporting period |
182,122 | (92,520) | |||||
| Cash and cash equivalents | at | the beginning | ofthe | ||||
| reporting period |
430 | 92,950 | |||||
| Cash and cash equivalents | at | the end | ofthe | ||||
| reporting period |
182,552 | 430 |
| FOR THE YEAR END | FOR THE YEAR END | FOR THE YEAR END | ED 30JUNE 2022 | |||
|---|---|---|---|---|---|---|
| RECONCILIATION | OF NET (EXPENDITURE)/INCOME | TO NET CASH FLOW | FROM OPERATING | ACTIVITIES | ||
| 2022 | 2021 | |||||
| Net (expenditure)/income | for the reporting | period (as per the | Statement of | |||
| Financial Activities) | (1,165,666) | 2,243,875 | ||||
| Adjustments for: |
||||||
| Losses/(gain) on investments |
1,359,102 | (1,998,447) | ||||
| Interest received | (3) | |||||
| Dividends received |
(327,919) | (381,560) | ||||
| Increase in debtors | (32,567) | |||||
| Increase in creditors | 9,178 | 1,719 | ||||
| Net cash used in operations | (157,875) | (134,413) |
| ANALYSIS OF CHANGES IN NET FUND | S | ||
|---|---|---|---|
| At 1.7.21 | Cash flow | At 30.6.22 | |
| Net cash | |||
| Cash at bank | 430 | 182,122 | 182,552 |
| 430 | 182,122 | 182,552 | |
| Total | 430 | 182,122 | 182,552 |
| INVESTM | ENT INCOME | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Investment | portfolio income | 327,919 | 381,560 |
| Interest on | cash/settlements | 3 | |
| 327,922 | 381,560 |
| Investment | management | costs | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Portfolio management | 66,211 | 43,612 | ||
| GRANTS | PAYABLE | |||
| 2022 | 2021 | |||
| Grants issued | 65,000 | 90,000 |
| Beneficiary | Amount k |
|---|---|
| Church Action on Poverty | 10,000 |
| Refugee Action Kingston | 10,000 |
| Kingston Churches Action on Homelessness | 10,000 |
| A Rocha UK | 10,000 |
| Edinburgh Food Project |
10,000 |
| Bipolar UK | 10,000 |
| Mellow Parenting | 5,000 |
| Total | 65,000 |
| Cash and | ||||
|---|---|---|---|---|
| Listed | settlements | |||
| investments | pending | Totals | ||
| MARKET VALUE | ||||
| At 1 July 2021 | 15,524,436 | 45,676 | 15,570,112 | |
| Additions | 17,631,982 | 595,297 | 18,227,279 | |
| Disposals | (17,966,128) | (273,226) | (18,239,354) | |
| Revaluations | (1,359,102) | (1,359,102) | ||
| At 30June 2022 | 13,831,188 | 367,747 | 14,198,935 | |
| NET BOOK VALUE | ||||
| At 30June 2022 | 13,831,188 | 367,747 | 14,198,935 | |
| At 30June 2021 | 15,524,436 | 45,676 | 15,570,112 | |
| Analysis ofinvestments | 2022 | 2021 | ||
| UK investment assets |
6,527,325 | 15,570,112 | ||
| Non UK investment | assets | 7,671,610 | ||
| 14,198,935 | 15,570,112 |
| Cash and | ||||||
|---|---|---|---|---|---|---|
| Listed | settlements | |||||
| investments | pending | Totals | ||||
| Valuation | in 2017 | (48,581) | (48,581) | |||
| Valuation | in 2018 | 396,237 | 396,237 | |||
| Valuation | in 2019 | 395,287 | 395,287 | |||
| Valuation | in 2020 | (993,002) | (993,002) | |||
| Valuation | in 2021 | 1,996,126 | 1,996,126 | |||
| Valuation | in 2022 | (3,198,354) | (3,198,354) | |||
| Cost | 15,283,475 | 367,747 | 15,651,222 | |||
| 13,831,188 | 367,747 | 14,198,935 | ||||
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 2022 | 2021 | |||||
| Prepayments and accrued income |
32,567 | |||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2022 | 2021 | |||||
| Other creditors | 23,340 | 14,162 | ||||
| MOVEMENT IN FUNDS | ||||||
| Net | ||||||
| movement | At | |||||
| At 1.7.21 | in funds | 30.6.22 | ||||
| Unrestricted funds |
||||||
| General fund | 15,556,380 | (1,165,666) | 14,390,714 | |||
| TOTAL | FUNDS | 15,556,380 | (1,165,666) | 14,390,714 | ||
| Net movement in funds, included |
in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| General fund | 327,922 | (134,486) | (1,359,102) | (1,165,666) | ||
| TOTAL | FUNDS | 327,922 | (134,486) | (1,359,102) | (1,165,666) |
| Net | ||||||
|---|---|---|---|---|---|---|
| movement | At | |||||
| At 1.7.20 | in funds | 30.6.21 | ||||
| Unrestricted | funds | |||||
| General fund | 13,312,505 | 2,243,875 | 15,556,380 | |||
| TOTAL FUNDS | 13,312,505 | 2,243,875 | 15,556,380 | |||
| Comparative | net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 381,560 | (136,132) | 1,998,447 | 2,243,875 | ||
| TOTAL FUNDS | 381,560 | (136,132) | 1,998,447 | 2,243,875 |
| FORTHE YEAR ENDED 3 | 0JUNE 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| INCOME AND ENDOWMENTS | |||
| Investment income |
|||
| Investment portfolio income |
327,919 | 381,560 | |
| Interest on cash/settlements | 3 | ||
| 327,922 | 381,560 | ||
| Total incoming resources | 327,922 | 381,560 | |
| EXPENDITURE | |||
| Investment management |
costs | ||
| Portfolio management | 66,211 | 43,612 | |
| Charitable activities |
|||
| Grants to institutions | 65,000 | 90,000 | |
| Other | |||
| Currency losses/(gains) |
(1,885) | ||
| Support costs | |||
| Other | |||
| Accountancy and tax |
360 | ||
| Governance costs |
|||
| Auditors' remuneration |
4,800 | 2,520 | |
| Total resources expended | 134,486 | 136,132 | |
| Net income before gains and losses | 193,436 | 245,428 | |
| Realised recognised gains and losses |
|||
| Realised gains/(losses) on |
fixed asset investments | (1,359,102) | 1,998,447 |
| Net (expenditure)/income | (1,165,666) | 2,243,875 |