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2025-04-05-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 |
1 O - 11 |
| Notes to the financial statements |
12- 14 |
| Trustees |
Ms V Eng |
|
|
e P Snowden |
|
|
PG Gibbs |
|
| Principal Address |
c/o Handelsbanken Wealth & Asset Management |
|
|
77 Mount Ephraim |
|
|
Tunbridge Wells |
|
|
Kent |
|
|
TN4 8BS |
|
| Accountant |
Handelsbanken Wealth & Asset Management |
|
|
77 Mount Ephraim |
|
|
Tunbridge Wells |
""- |
|
Kent |
|
|
TN4 8BS |
|
| Independent Examiners |
BKM Accounting Services |
|
|
5 Ashdown Chase |
|
|
Nutley |
|
|
East Sussex |
|
|
TN22 3LY |
|
| Registered charity number |
1165220 |
|
|
|
Unrestricted |
Expendable |
Total |
Total |
|
|
Income |
endowment |
this year |
last year |
| Note |
|
Fund |
Fund |
2025 |
2024 |
|
|
£ |
£ |
£ |
£ |
| Income resources |
|
|
|
|
|
| Voluntary Income |
|
|
|
|
|
| donations |
1 |
|
|
|
|
| Tax refund due on gift aid |
|
|
|
|
|
| Investment income |
2 |
39,764 |
|
39,764 |
58,298 |
| Total incoming resourses |
|
39,764 |
|
39,764 |
58,298 |
| Resources expended |
|
|
|
... |
|
| Cost of generating funds |
|
|
|
|
|
| Investment management costs |
3 |
|
|
|
|
| Charitable activities |
|
|
|
|
|
| Grants made |
4 |
110,000 |
|
110,000 |
90,000 |
| Governance cost |
|
|
|
|
|
| Audit/independent examination fees |
5 |
475 |
|
475 |
450 |
| Trust accounting/tax claims fees |
|
3,000 |
|
3,000 |
3,000 |
| Total resources expended |
|
113,475 |
|
113,475 |
93,450 |
| Net incoming/(outgoing) resources |
|
(73,711) |
|
(73,711) |
(35,152) |
| before transfers |
|
|
|
|
|
| Gross transfers between funds |
|
73,711 |
(73,711) |
|
|
|
|
|
(73,711) |
(73,711) |
(35,152) |
| Net income/(outgoing) resources before |
|
|
|
|
|
| other recognised gains and losses |
|
|
|
|
|
| Other recognised gains and losses |
|
|
|
|
|
| (Losses)/gains on investment assets |
|
|
(74,261) |
(74,261) |
(13,996) |
| Net movements in funds |
|
|
(147,972) |
(147,972) |
(49,147) |
| Fund balance brought forward |
|
|
3,257,253 |
3,257,253 |
3,306,401 |
| Fund balance carried forward at 5 April 2025 |
|
|
3,109,281 |
3,109,281 |
3,257,253 |
|
|
7 |
|
|
|
|
|
Total |
|
Total |
|
Note |
this year |
|
last year |
|
|
2025 |
|
2024 |
| Fixed assets |
|
|
|
|
| Investment at marketvalue |
6 |
3,086,385 |
3,230,883 |
|
| Current assets |
|
|
|
|
| Debtors |
7 |
|
|
|
| Cash at Handelsbanken |
|
24,870 |
|
28,320 |
| Creditors: amountsfalling duewithin oneyear |
8 |
(1,975) |
- |
(1,950) |
| Net current assets |
|
22,895 |
|
26,370 |
| Total assets tess current liabilities |
|
3,109,281 |
3,257,253 |
|
| Creditors: amountsfalling due after one year |
|
|
|
|
|
|
3,109,281 |
3,257,253 |
|
| Funds |
|
|
|
|
| Expendable endowment fund (page 1O) |
|
3,109,281 |
3,257,253 |
|
| Unrestricted incomefund (page 10) |
|
3,109,281 |
3,257,253 |
|
|
2025 |
2024 |
| Net income for the year |
(73,711) |
(35,152) |
| Adjustments for |
|
|
| Interest and dividends |
(39,764) |
(58,298) |
| Decrease/(lncrease) in debtors |
|
|
| lncrease/(decrease) in creditors |
25 |
(870) |
| Cash flows from operating activities |
(113,450) |
(94,320) |
| Cash flows from investing activities |
|
|
| Interest and dividends |
39,764 |
.., 58,298 |
| Proceeds from sale of investments |
110,000 |
92,640 |
| Purchase of investments |
(39,764) |
(58,298) |
| Net cash used by investing activities |
|
|
|
110,000 |
92,640 |
| Change in cash and cash equivalents |
(3,450) |
(1,680) |
| Cash and cash equivalents brought forward |
28,320 |
30,000 |
| Cash and cash equivalents carried forward |
24,870 |
28,320 |
|
|
2025 |
2024 |
|
|
£ |
£ |
| 1 |
Income |
|
|
|
Gift Aid donation |
|
|
| 2 |
Investment income |
|
|
|
Handelsbanken interest |
|
|
|
Portfolio deposit interest |
|
|
|
Unit trust distributions |
39,764 |
58,298 |
|
|
39,764 |
58,298 |
| 3 |
Investment management |
|
|
|
|
|
... |
| 4 |
Grants |
|
|
|
Unlimit Heath |
40,000 |
30,000 |
|
Sight Savers |
40,000 |
30,000 |
|
Plan International |
30,000 |
30,000 |
|
|
110,000 |
90,000 |
| 5 |
Governance fees: |
|
|
|
Independent Examiners fees for 2024/25 (2023/24) |
475 |
450 |
|
Accountancy fees for 2024/25 |
3,000 |
3,000 |
|
|
3,475 |
3,450 |
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
| 6 |
Analysis of Investment |
|
Mkt Value |
Mkt Value |
|
|
|
at year end |
at year end |
|
LF Hb Balanced Sustainable MAF |
I Ace |
3,086,385 |
3,230,883 |
|
Portfolio Cash |
|
|
|
|
Total |
|
3,086,385 |
3,230,883 |
|
The historic cost of these investments was £3,502,998 (2024: £3,582,428) |
|
|
|
| 6 |
Analysis of Investment continued |
|
|
|
|
Fixed asset investments |
|
|
|
|
Market value |
|
|
|
|
Carry (market) value at beginning |
of year |
3,230,882 |
3,279,221 |
|
Add Additions at cost |
|
39,764 |
.,. 58,298 |
|
Less disposals at carry value |
|
(110,000) |
(92,640) |
|
Add/(deduct) net gain/(loss) on disposal |
|
2,374 |
1,259 |
|
Add/(deduct) net gain/(loss) on revaluation |
|
(76,635) |
(15,256) |
|
Carry (market) value at end of year |
|
3,086,385 |
3,230,882 |
| 7 |
Debtors |
|
|
|
|
Outstanding gift aid refunds |
|
|
|
| 8 |
Creditors: amount falling due within one year |
|
|
|
|
Independent Examiners fees for 2024/25 (2023/24) |
|
475 |
450 |
|
General adminstartion |
|
1,500 |
1,500 |
|
|
|
1,975 |
1,950 |
| 9 |
Analysis of Funds |
|
|
|
|
|
|
|
At |
Income |
Expenditure |
Gains/losses |
At |
|
|
06-Apr-24 |
|
|
& transfers |
05-Apr-25 |
|
|
£ |
£ |
£ |
£ |
£ |
|
Expendable endowment funds |
3,257,253 |
|
|
(147,972) |
3,109,281 |
|
Unrestricted funds |
|
39,764 |
(113,475) |
73,711 |
|
|
|
3,257,253 |
39,764 |
(113,475) |
(74,261) |
3,109,281 |
|
|
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) |
3,257,252 |