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|||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||
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|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|
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|||||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|
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|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)|
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||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|
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|INVESTM|ENT INCOME|||
|---|---|---|---|
|||2023|2022|
|Investment|portfolio income|183,586|327,919|
|Interest on|cash/settlements|1,442|3|
|||185,028|327,922|
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|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|
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|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|
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|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)|
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||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)|