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2024-04-05-accounts
|
Page |
| General information |
2 |
| Report of the trustees |
3-4 |
| Statement of trustees' responsibilities |
5 |
| Independent Examiner report |
6 |
| Statement of financial activities |
7 |
| Balance sheet |
8 |
| Cashflow statement |
9 |
| Accounting policies |
10 - 11 |
| Notes to the financial statements |
12- 14 |
|
|
Unrestricted |
Expendable |
Total |
Total |
|
|
Income |
endowment |
this year |
last year |
| Note |
|
Fund |
Fund |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
| Income resources |
|
|
|
|
|
| Voluntary Income |
|
|
|
|
|
| Donations |
1 |
|
|
|
|
| Tax refund due on gift aid |
|
|
|
|
|
| Investment income |
2 |
58,298 |
|
58,298 |
59,622 |
| Total incoming resourses |
|
58,298 |
|
58,298 |
59,622 |
| Resources expended |
|
|
|
|
|
| Cost of generating funds |
|
|
|
|
|
| Investment management costs |
3 |
|
|
|
|
| Charitable activities |
|
|
|
|
|
| Grants made |
4 |
90,000 |
|
90,000 |
110,000 |
| Governance cost |
|
|
|
|
|
| Audit/independent examination fees |
5 |
450 |
|
450 |
1,380 |
| Trust accounting/tax claims fees |
|
3,000 |
|
3,000 |
|
| Professional administration fees |
|
|
|
|
3,000 |
| Total resources expended |
|
93,450 |
|
93,450 |
114,380 |
| Net incoming/(outgoing) resources |
|
(35,152) |
|
(35,152) |
(54,758) |
| before transfers |
|
|
|
|
|
| Gross transfers between funds |
|
35,152 |
(35,152) |
|
|
|
|
|
(35,152) |
(35,152) |
(54,758) |
| Net income/(outgoing) resources before |
|
|
|
|
|
| other recognised gains and losses |
|
|
|
|
|
| Other recognised gains and losses |
|
|
|
|
|
| (Losses)/gains on investment assets |
|
|
(13,996) |
(13,996) |
(324,156) |
| Net movements in funds |
|
|
(49,148) |
(49,147) |
(378,914) |
| Fund balance brought forward |
|
|
3,306,401 |
3,306,401 |
3,685,315 |
| Fund balance carried forward at 5 April 2024 |
|
|
3,257,253 |
3,257,253 |
3,306,401 |
|
|
7 |
|
|
|
|
|
Total |
Total |
|
Note |
this year |
last year |
|
|
2024 |
2023 |
| Fixed assets |
|
|
|
| Investment at marketvalue |
6 |
3,230,883 |
3,287,901 |
| Current assets |
|
|
|
| Debtors |
7 |
|
|
| Cash at Handelsbanken |
|
28,320 |
21,320 |
| Creditors: amountsfalling duewithin one year |
8 |
(1,950) |
(2,820) |
| Net current assets |
|
26,370 |
18,500 |
| Total assets less current liabilities |
|
3,257,253 |
3,306,401 |
| Creditors: amountsfalling due afterone year |
|
|
|
|
|
3,257,253 |
3,306,401 |
| Funds |
|
|
|
| Expendable endowmentfund (page 10) |
|
3,257,253 |
3,306,401 |
| Unrestricted incomefund (page 10) |
|
|
|
|
|
3,257,253 |
3,306,401 |
|
2024 |
2023 |
| Net income for the year |
(35,152) |
(54,758) |
| Adjustments for |
|
|
| Interest and dividends |
(58,298) |
(59,622) |
| Decrease/(lncrease) in debtors |
|
|
| lncrease/(decrease) in creditors |
(870) |
60 |
| Cash flows from operating activities |
(94,320) |
(114,320) |
| Cash flows from investing activities |
|
|
| Interest and dividends |
58,298 |
59,622 |
| Proceeds from sale of investments |
92,640 |
84,418 |
| Purchase of investments |
(58,298) |
(59,613) |
| Net cash used by investing activities |
|
|
|
92,640 |
84,427 |
| Change in cash and cash equivalents |
(1,680) |
(29,893) |
| Cash and cash equivalents brought forward |
30,000 |
59,893 |
| Cash and cash equivalents carried forward |
28,320 |
30,000 |
|
|
2024 |
2023 |
|
|
£ |
£ |
| **1 ** |
Income |
|
|
|
GiftAid donation |
|
|
| t |
|
|
|
| 2 |
Investment income |
|
|
|
Handelsbanken interest |
|
|
|
Portfolio deposit interest |
|
10 |
|
Unit trust distributions |
58,298 |
59,612 |
|
|
58,298 |
59,622 |
| 3 |
Investment management |
|
|
| 4 |
Grants |
|
|
|
Unlimit Heath |
30,000 |
|
|
Sight Savers |
30,000 |
25,000 |
|
Plan International |
30,000 |
20,000 |
|
Malaria Consortium |
|
40,000 |
|
Schistosomiasis |
|
25,000 |
|
|
90,000 |
110,000 |
| 5 |
Governance fees: |
|
|
|
Independent Examinersfeesfor2022/23 (2021/22) |
450 |
1,380 |
|
General adminstration |
|
3,000 |
|
Accountancyfeesfor2023/24 |
3,000 |
|
|
|
===3=,4=5=
0 |
4,380 |
|
|
2024 |
2023 |
|
|
£ |
£ |
| 6 |
Analysis of Investment |
Mkt Value |
Mkt Value |
|
|
at year end |
at year end |
|
LF Hb Balanced Sustainable MAF I Ace |
3,230,883 |
3,279,221 |
|
Portfolio Cash |
|
8,680 |
|
Total |
3,230,883 |
3,287,901 |
|
Market value |
|
|
|
Carry (market) value at beginning of year |
3,279,221 |
3,628,182 |
|
Add Additions at cost |
58,298 |
59,613 |
|
Less disposals at carry value |
(92,640) |
(91,954) |
|
Add/(deduct) net gain/(loss) on disposal |
1,259 |
|
|
Add/(deduct) net gain/(loss) on revaluation |
(15,256) |
(316,620) |
|
Carry (market) value at end of year |
3,230,883 |
3,279,221 |
| 7 |
Debtors |
|
|
|
Outstanding gift aid refunds |
|
|
| 8 |
Creditors: amount falling due within one year |
|
|
|
Independent Examiners fees for 2023/24 (2022/23) |
450 |
1,320 |
|
General adminstartion |
1,500 |
1,500 |
|
|
1,950 |
2,820 |
| 9 |
Analysis of Funds |
|
|
|
|
|
|
|
At |
Income |
Expenditure |
Gains/losses |
At |
|
|
06-Apr-23 |
|
|
& transfers |
05-Apr-24 |
|
|
£ |
£ |
£ |
£ |
£ |
|
Expendable endowment funds |
3,306,401 |
|
|
(49,148) |
3,257,253 |
|
Unrestricted funds |
|
58,298 |
(93,450) |
35,152 |
|
| ~ |
|
3,306,401 |
58,298 |
(93,450) |
(13,996) |
3,257,253 |
|
|
At |
Income |
Expenditure |
Gains/losses |
At |
|
|
06-Apr-22 |
|
|
& transfers |
05-Apr-23 |
|
|
|
£ |
£ |
£ |
|
|
Expendable endowment funds |
3,685,315 |
|
|
(378,914) |
3,306,401 |
|
Unrestricted funds |
|
59,622 |
(114,380) |
54,758 |
|
|
|
3,685,315 |
59,622 |
(114,380) |
(324,156) |
3,306,400 |