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|||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||
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|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|||
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|||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|
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|||||||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|
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||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)|
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|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|
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|INVESTM|ENT INCOME|||
|---|---|---|---|
|||2022|2021|
|Investment|portfolio income|327,919|381,560|
|Interest on|cash/settlements|3||
|||327,922|381,560|
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|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|
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||||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|
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||||||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)|
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||||||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|
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||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|