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2023-03-31-accounts

Reference and Administration
Details		 Reference and Administration
Details
Report ofthe Trustees
Report ofthe Independent
Auditors
Statement
of Financial		 Activities
Balance Sheet 12
Cash Flow Statement 13
Notes to the Financial Statements IS

Unrestricted Unrestricted
Income Capital Total funds Total funds
Note 2023 2022
Income and endowments from:
Investments 2 834,538 834,538 793,082
Total income and endowments 834,538 834,538 793,082
Expenditure
on:
Raising funds 3 332,897 332,897 376,789
Charitable
activities		 1,551,066 1,551,066 5,744,/08
Total expenditure 1,551,066 332,897 1,883,963 6,/20897
Net outgoing resources before gains and
transfers (716,528) (332,897) (1,049,425) (5,327,8/5)
Net gains/(losses)
on investments		 12 (3,337,522) (3,337,522) 5,290,980
Net income/(expendkure) 7 (716,528) (3,670,419) (4,386,947) (36,835)
Transfers between
funds		 716,528 (716,528)
Other recognised
gains/(losses):
Foreign exchange
gains		 6, 178 6,178
Net movement
in funds		 (4,380,769) (4,380,769) (36,834)
Reconciliation
offunds
Total funds brought
forward		 81,018,196 81,018,196 8/,055,030
Total funds carried forward 16 76,637,427 76,637,427 8/,0/8, /96

Unrestricted Unrestricted
Income Capital Total funds Total funds
Note 2023 2022
Fixed assets
Tangible assets ll 1,442 1,442 659
Investments 12 4,155,746 76,729,695 80,885,441 87804,667
4,157,188 76,729,695 80,886,883 87,805326
Current
assets
Debtors 13 118,676 118,676 87,009
Cash at banl& and
in hand		 2,195,530 2,195,530 329,541
2,314,206 2,314,206 416,550
Creditors: amounts falling due within (3,778,254) (92,268) (3,870,522) (3,391,481)
one year
Net current assets/(liabilities) (1,464,048) (92,268) (1,556,316) (2,974,931)
Total assets less current liabilities 2,693,140 76,637,427 79,330,567 84,830,395
Creditors: amounts falling due after (2,693,140) (2,693,140) (3,812,199)
more than one year
Net assets 76,637,427 76,637427 81,018,196
Charity
funds
Unrestricted capital funds 16 76,637,427 76,637,427 81,018,196
Unrestricted income funds 16
Total charity funds 76,637,427 76,637,427 81,018,196

Note 2023 2022
Cash flow from operating activities
Net cosh used in operating activities (2,548,873) (3,344,4 72)
Cash flows from investing activities:
Payments to acquire tangible fixed assets (1,380) (189)
Payments to acquire investments (15,089,254) (20,526,815)
Receipts from sales ofinvestments 17,811,177 20,543,448
Interest received 352,879 360,093
Dividends
received		 481,659 432,989
Net cosh provided
by investing
activities		 3,555,081 809,526
Net Increase in cash and cash equivalents 1,006,208 (2,534,946)
Cash/ cash equivalents
at		 I April 2022 1,839,363 4,374,309
Cash/ cash equivalents
at		 31 March 2023 8 2,845,571 1,839,363

A Reconciliation
ofnet income		 Reconciliation
ofnet income		 to net cash flow from operating to net cash flow from operating activities
2023 2022
6
Net income/(expenditure)
for		 the period (4,380,768) (36,834)
Dividends
received		 (481,659) (432,989)
Interest receivable (352,879) (360,093)
Depreciation
and impairment		 oftangible fixed assets 597 /22
(Gains)/losses
on disposal of tangible fixed assets
(Gains)/losses
on investments		 3,337,521 (5,290,980)
(Increase)/decrease
in debtors		 (31,667) 4,456
Increase/(decrease)
in creditors		 (640,018) 2,77/,846
Net cash used in operating activities (2,548,873) (3,344,472)
8 Analysis ofcash and cash equivalents
2023 2022
Cash at bank snd
in hand		 2,195,530 329,541
Cash deposits
held within
the		 investment portfolio 650,041 1,509,822
Net cash used in operating activities 2,845,571 1,839,363

Unrestricted
Income Capital Total funds
funds funds 2023
481,659 481,659
352,879 352,879
834,538 834,538
Unrestricted Unrestricted
Income funds Capital funds 2022
432,989 432,989
360,093 360,093
793,082 793,082
Unrestricted Unrestricted
Income Capital Total funds
funds funds 2023
332,897 332,897
332,897 332,897
Unrestricted
Income funds Capitol funds 2022
6
376,789 376,789
376,789 376,789

Analysis ofex penditure
o		 n charitable
activitie		 s
Unrestricted
Income Capital Total funds
funds funds 2023
6
Grants awarded (note 6) 1,396,648 1,396,648
Support costs (note 5) 149,110 149,110
Governance
costs (note 5)		 5,308 5,308
1,551,066 1,551,066
Unrestricted
Income funds Capital funds 2022
Grants awarded (note 6) 5,598,508 5598508
Support costs (note 5) I40,764 140,764
Governance
costs (note 5)		 4,836 4,836
5,744, I08 5,744, I08
5 Allocation
of		 governance and support costs
Basis of Support Governance Total funds
allocation costs costs 2023
Rent Support 7,188 7,188
Telephone Support 436 436
Printing,
stationery 8postage		 Support 49 49
Legal snd professional Support 6,340 6,340
Wages snd salaries Support 118,289 118,289
Insurance Support 1,990 1,990
Travel expenses Support 3,964 3,964
Computer
expenses		 Support 2,670 2,670
PR snd social media Support 7,475 7,475
Audit Governance 5,308 5,308
Depreciation Support 598 598
Sundry expenses Support
149,110 5,308 154,418

Basisof Governance Total costs
allocation Support costs costs 2022
Rent Support 6,231 6,231
Telephone Support 437 437
Printing,
stationery		 Ik postage Support 359 359
Legal and professionol Support 10,754 10,754
Wages ond salaries Suppon 98,072 98,072
Insurance Suppon 1,846 I,846
Travel expenses Suppon 1,318 I,318
Computer
expenses		 Support 2,430 2,430
PR and social media Suppon 19,032 19,032
Audit Governance 4,836 4,836
Depreciation Support 213 213
Sundry expenses Support 72 72
I40,764 4,836 145,600
Analysis ofgrants
2023 2022
Balance payable brought forward 7,094,199 4,349,585
New grants
awarded		 in the year 1,540,648 5,702,213
Grants written
back		 in the year (144,000) (103,705)
Net grant cost in the year 1,396,648 5,598,508
8,490,847 9,948,093
Grants
paid
in the year		 (2,020,207) (2,853,894)
Balance payable carried forward 6,470,640 7,094, 199

2023
Brian House
Children's		 Hospice 30,000
Make-A-Wish
Foundation		 UK 872,000
Dreams
Come		 True 200,000
Malawi Burns
fUK) Trust		 20,000
Whizzkidz 345,000
Operouon
Smile		 8,I52
SEIFA 26,000
Wheelpower 39,496
I,540,648
2022
6
Brian House
Children's		 Hospice 30,000
Cerebral Palsy Scotland 49,484
Kids Cancer Chority 9,980
MakeA-Wish Foundotion UK 755,000
Molawi Burns fUKi Trust 9I,OOO
Over the Woll 980,000
Rainbow Trust Children's Charity 575,000
React 75,000
5EIFA l3,437
Sight Support Derbyshire 8,/07
The Chronide Sunshine Fund I5,205
The Jessie May Trust I00,000
Together for Shon Uses 3,000,000
5,702,213

2023 2022
Depreciation oftangible
fixed assets		 (597) (122)
Profit
/ (loss)		 on fair value movement ofinvestments (3,337,522) 5,290,980
Net gain
/ (loss) on foreign		 exchange 6, 178 I

2023 2022
Number Number
Average
monthly		 number ofemployees
The total staff costs and employee benefits were as follows:
'2023 2022
Wages and salaries 109,312 90,356
Social security 5,698 4,916
Pension
contributions		 3,279 2,7/ I
Other stafF costs 89
118,289 98,072

Tangible fixed as s ets
Fixtures
Ih
fittings Total
6
Cost:
Brought fenrerd ot I April 2022 2,378 2,378
Additions I,380 I,380
Dlsposals
Carried forward at 31 March 2023 3,758 3,758
Depreciations
Brought fenrard ut I April 2022 l,7I9 l, yl9
Charge for the year 597 597
Elimintated
on		 disposal
Carried forward at 3I March 2023 2,3I6 2,3I 6
Net book value:
At 31 March 2023 1,442 l,442
At 3I March 2022 659 659

Fixed asset investments
Bare lays Castlefleld Total Toto/
2023 2023 2023 2022
6
Brought forward at
I April 2022		 81,949,300 4,345,545 86,294,845 8/,020,498
Additions to investments
at cost		 14,869,762 219,492 15,089,254 20,526,8/5
Dispose/s
at carrying
value		 (I7,52 1,4 1 7) (289,760) (17,811,177) (20,543,448)
Net gain/(lass)
on revaluation		 (3,073,363) (264,159) (3,337,522) 5,290,980
Market value as at 31 March 2023 76,224,282 4,011, IIS 80,235,400 86,294,845
Historical cost as at 31 March 2023 57,188,867 3,825,256 61,014,123 59,675,528
Investments
at market
value comprised:
UK listed investments 26,612,1/4 3,552,285 30,164,399 26,838,236
Non-UK listed investments 49,612,168 458,833 50,071,001 59,456,609
76,224,282 4,011,118 80,235,400 86,294,845
Capital cash deposits 503,002 147,039 650,041 /,509,822
Market value as at 31 March 2023 76,727,284 4,158,157 80,885,441 87804,667
Investments
at fair value comprise:
Equities 54,629,376 3,502,578 58,131,954 66,670,098
Securities 21,594,906 508,540 22,103,446 /9,624,747
Cash within
investment
portfolio		 503,002 147,039 650,041 /,509,822
76,727,284 4,158,157 80,885,441 87,804,667

13 Debtors
2023 2022
Prepayments and accrued income 118,676 87,009
118,676 87,009
14 Creditors: amounts falling due within one year
2023 2022
6
Accruals for grants payable 3,777,500 3,282,000
Accruals and deferred income 93,022 109,48I
3,870,522 3,39I,48I
15 Creditors: amounts falling due after more than one year
2023 2022
Accruals for grants payable 2,693,140 3,8I2, I99
2,693,140 3,8I2,I99

Fund reconc iliation iliation
Year ended 31 March 2023
Funds brought Gains I Funds carried
forward at (losses) and forward at
I APril 3032 Income Expenditure transfers 31 March 2023
6 6
Unrestricted income funds
General unrestricted 834,538 (1,551,066) 716,528
Total unrestricted income funds 834,538 (1,551,066) 716,528
Unrestricted capital funds
Investments BI,BIB,I96 (332,897) (4,047,872) 76,637,427
Total unrestricted capital funds BI,BIB,I96 (332,897) (4,047,872) 76,637,427
Total funds BI,OIB,I96 834,538 (1,883,963) (3,331,344) 76,637,427

Year ended 3I March 2022
Funds bmught Gains I Funds carried
fomrard at (losses) and forward ot
I Aprg 202I Income Expenditure tronsfers 3/ March 2022
6 6
Unrestricted income funds
General umestricted 793,082 (5,744,I08) 4,9Sl,026
Total unrestricted income funds 793,082 (S,744,I08) 4,95l,026
Unrestricted capital funds
Investments 8I,055,030 (376,789) 339,9SS 8/,0IB,/96
Total unrestdcted capnal funds 8/,055,030 (316,189) 339,955 OI,O/8, /96
Total funds 8/,055,030 793,082 (6,/20,897) S,290,98/ 8/,0/8, /96
Year e nded 3I March 2022
Unrestricted
Income Capital Total funds
funds funds 2022
Fixed assets 6,695,704 8I,I09,622 87,80$,326
Cash and currentinvestments 329,54I 329,$4I
Current ossets 87,009 87,009
Curmnt liabilnies (3,300,055) (9I,426) (3,39/,48I)
Non current liabilities (3,8I2, I99) (3,8/2, I99)
BI,O/8, /96 BI,BIBl96