| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Report ofthe Independent Auditors |
4 | to | 6 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 14 |
| Detailed Statement ofFinancial Activities | 15 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
|---|
| Registered Charity number |
| 1163819 |
| Principal address |
| 7Lingfield Avenue |
| Kingston-upon-Thames |
| Surrey |
| KTI 2TL |
| Trustees |
| Mr JCooper |
| Mrs ECooper |
| Miss JCooper |
| Auditors |
| Collards |
| Chartered Accountants |
| Statutory Auditor |
| 5-9Eden Street |
| Kingston-upon-Thames |
| Surrey |
| KTI IBQ |
| Investment Advisers |
| Barclays Wealth Management |
| I Churchill Place |
| Canary Wharf |
| London |
| E14 5HP |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Investment income |
185,028 | 327,922 | |||
| EXPENDITURE | ON | ||||
| Raising funds | 75,625 | 66,211 | |||
| Charitable activities |
|||||
| Grants issued | 85,000 | 65,000 | |||
| Other | 5,554 | 3,275 | |||
| Total | 166,179 | 134,486 | |||
| Net gains/(losses) on investments |
661,448 | (1,359,102) | |||
| NET INCOME/(EXPENDITURE) | 680,297 | (1,165,666) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 14,390,714 | 15,556,380 | ||
| TOTAL FUNDS CARRIED FORWARD | 15,071,011 | 14,390,714 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| FIXED | ASSETS | ||||
| Investments | 14,969,846 | 14,198,935 | |||
| CURRENT ASSETS | |||||
| Debtors: | amounts | falling due within one year | 32,856 | 32,567 | |
| Cash at | bank | 92,751 | 182,552 | ||
| 125,607 | 215,119 | ||||
| CREDITORS | |||||
| Amounts | falling due within one year | (24,442) | (23,340) | ||
| NET CURRENT | ASSETS | 101,165 | 191,779 | ||
| TOTAL | ASSETSLESSCURRENT LIABILITIES | 15,071,011 | 14,390,714 | ||
| NET ASSETS | 15,071,011 | 14,390,714 | |||
| FUNDS | |||||
| Unrestricted funds |
15,071,011 | 14,390,714 | |||
| TOTAL | FUNDS | 15,071,011 | 14,390,714 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
(165366) | (157,875) | |||||
| Net cash used in operating | activities | (165,366) | (157,875) | ||||
| Cash flows from investing | activities | ||||||
| Purchase offixed asset investments Sale offixed asset investments |
(4,713,238) 4,952,538 |
(17,631,982) 17,966,128 |
|||||
| Dealing account movement | (348,763) | (322,071) | |||||
| Interest received | 1,442 | 3 | |||||
| Dividends received |
183,586 | 327,919 | |||||
| Net cash provided by investing |
activities | 75,565 | 339,997 | ||||
| Change in cash and cash |
equivalents | in the | |||||
| reporting period |
(89,801) | 182,122 | |||||
| Cash and cash equivalents | at | the beginning of | |||||
| the reporting period |
182,552 | 430 | |||||
| Cash and cash equivalents | at | the end | ofthe | ||||
| reporting period |
92,751 | 182,552 |
| ACTIVITIES | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Net income/(expenditure) | for the reporting | period (as per the Statement of | ||
| Financial Activities) Adjustments for: |
680,297 | (1,165,666) | ||
| (Gain)/losses on investments |
(661,448) | 1,359,102 | ||
| Interest received | (1,442) | (3) | ||
| Dividends received |
(183,586) | (327,919) | ||
| Increase in debtors | (289) | (32,567) | ||
| Increase in creditors | 1,102 | 9,178 | ||
| Net cash used in operations | (165,366) | (157,875) |
| At 1.7.22 | Cash flow | At 30.6.23 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank | 182,552 | (89,801) | 92,751 |
| 182,552 | (89,801) | 92,751 | |
| Total | 182,552 | (89,801) | 92,751 |
| INVESTM | ENT INCOME | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Investment | portfolio income | 183,586 | 327,919 |
| Interest on | cash/settlements | 1,442 | 3 |
| 185,028 | 327,922 |
| Investment | management | costs | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Portfolio management | 75,625 | 66,211 | ||
| GRANTS PAYABLE | ||||
| 2023 | 2022 | |||
| Grants issued | 85,000 | 65,000 |
| The following grants were made during the year, all of |
which have been classif |
|---|---|
| Beneficiary | Amount% |
| OneBodyOne Faith | 5,000 |
| Refugee Action Kingston | 10,000 |
| Kingston Churches Action on Homelessness | 10,000 |
| A Rocha UK | 10,000 |
| Edinburgh Food Project |
10,000 |
| Edge Fund | 10,000 |
| Launch It | 10,000 |
| Bipolar UK | 10,000 |
| Poetic Unity | 10,000 |
| Total | 85,000 |
| FIXEDASSETINVESTMENTS | |||
|---|---|---|---|
| Cash and | |||
| Listed | settlements | ||
| investments | pending | Totals | |
| MARKET VALUE | |||
| At I July 2022 | 13,831,188 | 367,747 | 14,198,935 |
| Additions | 4,713,238 | 5,144,819 | 9,858,057 |
| Disposals Revaluations |
(4,952,538) 661,448 |
(4,795,482 ) | (9,748,020) 661,448 |
| Exchange differences | (574) | (574) | |
| At 30June 2023 | 14,253436 | 716,510 | 14,969,846 |
| NET BOOK VALUE | |||
| At 30June 2023 | 14,253,336 | 716,510 | 14,969,846 |
| At 30June 2022 | 13,831,188 | 367,747 | 14,198,935 |
| Analysis ofinvestments | 2023 | 2022 |
|---|---|---|
| UK investment assets |
7,144,672 | 6,527,325 |
| Non UK investment assets |
7,825,174 | 7,671,610 |
| 14,969,846 | 14,198,935 |
| Cash and | ||||
|---|---|---|---|---|
| Listed | settlements | |||
| investments | pending | Totals | ||
| Valuation in Valuation in |
2017 2018 |
(48,581) 396,237 |
(48,581) 396,237 |
|
| Valuation in |
2019 | 395,287 | 395,287 | |
| Valuation in Valuation in |
2020 2021 |
(993,002) 1,996,126 |
(993,002) 1,996,126 |
|
| Valuation in Valuation in |
2022 2023 |
(3,198,354) 909463 |
(3,198,354) 909,363 |
|
| Cost | 14,796,260 | 716,510 | 15,512,770 | |
| 14,253/36 | 716,510 | 14,969,846 | ||
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| Prepayments | and accrued income | 32,856 | 32,567 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||
| Other creditors | 24,442 | 23,340 | ||
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement | At | |||
| At 1.7.22 | in funds | 30.6.23 | ||
| Unrestricted | funds | |||
| General fund | 14@90,714 | 680,297 | 15,071,011 | |
| TOTAL FUNDS | 14,390,714 | 680,297 | 15,071,011 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 185,028 | (166,179) | 661,448 | 680,297 | ||
| TOTAL FUNDS | 185,028 | (166,179) | 661,448 | 680,297 | ||
| Comparatives | for 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 |
| 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) |
| FORTHE YEAR ENDED 30 | JUNE 2023 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| INCOME AND ENDOWMENTS | |||
| Investment income |
|||
| Investment portfolio income |
183,586 | 327,919 | |
| Interest on cash/settlements | 1,442 | 3 | |
| 185,028 | 327,922 | ||
| Total incoming resources |
185,028 | 327,922 | |
| EXPENDITURE | |||
| Investment management |
costs | ||
| Portfolio management | 75,625 | 66,211 | |
| Charitable activities |
|||
| Grants to institutions | 85,000 | 65,000 | |
| Other | |||
| Currency losses/(gains) |
574 | (1,885) | |
| Support costs | |||
| Other | |||
| Accountancy and tax |
360 | ||
| Governance costs |
|||
| Auditors' remuneration |
4,980 | 4,800 | |
| Total resources expended | 166,179 | 134,486 | |
| Net income before gains and losses | 18,849 | 193,436 | |
| Realised recognised gains |
and losses | ||
| Realised gains/(losses) on |
fixed asset investments | 661,448 | (1,359,102) |
| Net income/(expenditure) | 680,297 | (1,165,666) |