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|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|
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||||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|
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|||||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|
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|||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|
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|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|
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|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|
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||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|
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|||||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|
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|||||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|
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|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|
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|||||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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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