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|---|---|---|---|
|CONTENTS|||Page|
|Reference and administrative||details||
|Trustees'<br>report||||
|Independent<br>auditor's|report|||
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements|||





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|Trustees||||Mrs A F Dawson|Mrs A F Dawson||
|---|---|---|---|---|---|---|
|||||AJHutchinson|||
|||||TD Page|||
|||||Mrs D G Swaine|||
|Principal|address|||57 Palace Street|||
|||||London|||
|||||SW1E5HJ|||
|Charity registration|||number|1165444|||
|Independent||Auditor||Haysmacintyre|LLP||
|||||10Queen Street|Place||
|||||London|||
|||||EC4R 1AG|||
|Solieitom||||Farrer &.Co LLP|||
|||||66 Lincoln's<br>inn|Fields||
|||||London|||
|||||WC2A 3LH|||
|Principal|bankers|||National<br>Westminster||Bank pic|
|||||PO Box 1357|||
|||||169Victoria Street|||
|||||London|||
|||||SWlE 5BT|||
|Investment||manager||JM Finn Jk Co Ltd|||
|||||4 Coleman Street|||
|||||London|||
|||||EC2R5TA|||





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||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Funds|funds|funds|2023|2022|
|||||Note||||||
|Income from:||||||||||
|Donations||||2|257,491|13,803||271,294|247,367|
|/n vesttnent<br>income|||||33,401|43,756||77,157|125,167|
|Total income|||||290,892|57,559||348,451|372,534|
|Expenditure<br>on:||||||||||
|Raising funds||||||||||
|Investment<br>manager fees|||||9,371|12,761||22,132|23,734|
|Chantable<br>activities||||3|59,071|75,615||134,686|116,320|
|Totalexpenditure|||||68,442|88,376||156,818|140,054|
|Net incoine/(expeaditure)|||before|||||||
|investment<br>gains||and losses|||222,450|(30,817)||191,633|232,480|
|Net invesnnent<br>losses|||||(26,317)|(35,840)||(62,157)|(423,185)|
|Net ineoine/(expeaditure)|||and|||||||
|net movement<br>in||funds|||196,133|(66,657)||129,476|(190,705)|
|Balances brought|forward||at 1|||||||
|July|||||1,075,632|1,768,679|15|2,844,326|3,035,031|
|Balances carried|forward||at 30|||||||
|June|||||1,271,765|1)702)022|15|2,973,802|2,844,326|





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|S AT 30JUNE 2023||||Charity Registration|Numbers|(165444|
|---|---|---|---|---|---|---|
||||2023||2022||
|||Nate|||||
|FIXEDASSETS|||||||
|Investments||||2,739,525||2,855,441|
|CURRENT ASSETS|||||||
|Debtors||6|263,553||6,473||
|Cash m bank|||78,078|272,56I|||
||||341,631|279,034|||
|CREDITORS: atnounts|falling due within||||||
|one year||7|(107,354)|(290,149)|||
|NET CURRENT ASSETS(LIABILITIES)||||234,277||(11-1151|
|TOTAL NET ASSETS||||2,973,802||2,844,326|
|REPRESENTED BYFUNDS AND|||||||
|RESERVES|||||||
|Permanent<br>endowment|fund|||15||15|
|Restrir.ted ftmds||||1.702,022||1,768.679|
|Unrestricted<br>funds|||||||
|Designated<br>funds||||1471,765||1,075,632|
|||||2,973,802||2,844,326|



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|3.|EXPENDITURE|ON|CHARITABLE ACT|IVITIES||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment||
|||||Funds|Funds|Funds|Total|
||Current year:|||||||
||Grants tc SVS for bursaries|||45,521|59,187||104,708|
||Audit Fees|||1,355|||1,355|
||Other|||12,195|16,428||28,623|
||2023 Total funds|||59,071|75,615||134,686|
||Prior year:|||||||
||Grants tc SVS for bursaries|||39,785|51,448||91,233|
||Audit Fees|||1,291|||1,291|
||Other|||10,161|13,635||23,796|
||2022 Total funds|||51,237|65,083||116,320|
|4.|NET INCOME AND NET MOVEMENT IN FUNDS|||||||
||This is stated after charging:|||||2023|2022|
||||||||0|
||Auditor's<br>remuneration:|||||||
||Statutory<br>audit|services||||1,355|1,291|
|5.|INVESTMENTS|||||||
|||||||2023|2022|
||||||||0|
||Brought forward|at 1|July|||2,855,441|3,041,703|
||Additions|||||561,559|296,382|
||Dispcsals|||||(451,491)|(219,643)|
||Net investment|(losses)/gains||||(62,157)|(423,185)|
||Change in investment||cash held|||(163,827)|160,184|
|||||||2,739,525|2,855,441|





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||||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||8||
||Accrued||income||||||||6,062|6,473|
||Amount|due from UWGCF|||||||||257,491||
||||||||||||263,553|6,473|
|7.|CREDITORS (amounts||||faging due witbin|||one year)|||||
||||||||||||2023|2022|
||||||||||||8||
||Amounts||due to|UWGCF|||||||1,291|200,000|
||Amounts||due to|SVS (grants||payable)|||||104,708|88,858|
||Accruals||||||||||1,355|1,291|
||||||||||||107,354|290,149|
|8.|FUNDS||||||||||||
|||||||As|at 1July||||Investment|As at 30June|
||||||||2022||Income|Expenditure|losses|2023|
||Designated||funds||||||||||
||Burssries|appeal||fund|||1,075,632||290,892|(68,442)|(26,317)|1,271,765|
||Total designated|||funds|||1,075,632||290,892|(68,442)|(26,317)|1,271,765|
||Restricted||funds||||||||||
||OSA Capital Project||||||88,199||1,980|(1,321)|(1,622)|87,236|
||Bursaries||||||1,680,480||55,579|(87,055)|(34,218)|1,614,786|
||Total restricted|||fuads|||1,768,679||57,559|(88,376)|(35,840)|1,702,022|
||Permanent||endowment||funds||||||||
||General|||||||5||||5|
||Lefott|||||||10||||10|
||Total permanent|||endowment||funds||15||||15|
||Total funds||||||2,844,326||348,451|(156,818)|(62,157)|2,973,802|





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||||Asst 1July|||Investment|As at 30June|
|---|---|---|---|---|---|---|---|
||||2021|Income|Expenditure|losses|2022|
||||||||8|
|Designated<br>funds||||||||
|Bursaries appeal|fund||1,028,485|288,192|(61,317)|(179,728)|1,075,632|
|Total designated|funds||1,028,485|288,192|(61,317)|(179,728)|1,075,632|
|Restricted funds||||||||
|OSA Capital Project|||97,215|3,265|(1,238)|(11,043)|88,199|
|Bursaries|||1,909,316|81,077|(77,499)|(232,414)|1,680,480|
|Total restricted|funds||2,006,531|84,342|(78,737)|(243,457)|1,768,679|
|Permanent<br>endowment||funds||||||
|General|||5||||5|
|Lefort|||10||||10|
|Total permanent|endowment||15||||15|
|funds||||||||
|Total funds|||3,035,031|372,534|(140,054)|(423,185)|2,844,326|





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|||||Current|Current||
|---|---|---|---|---|---|---|
||||Investments|Assets|Liabilities|Net assets|
|Current year:|||||||
|Designated|funds||978,316|341,616|(48,167)|1,271,765|
|Restricted|funds||1,761,209||(59,187)|1,702,022|
|Permanent|endowment|funds||15||15|
||||2,739,525|341,631|(107,354)|2,973,802|
|||||Current|Current||
||||Investments|Assets|Liabilities|Net assets|
|Prior year:|||||||
|Designated|funds||797,905|279,019|(1,292)|1,075,632|
|Restricted|funds||2,057,536||(288,857)|1,768,679|
|Permanent|endowment|funds||15||15|
||||2,855,441|279,034|(290,149)|2,844,326|



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||||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|funds|fuads|2022|
|||||Note|||||
|Income from:|||||||||
|Donations||||2|235,014|12,353||247,367|
|Jnvestmen/<br>income|||||53,178|71,989||125,167|
|Total income|||||288,192|84,342||372,534|
|Expenditure<br>on:|||||||||
|Raising funds|||||||||
|Investment<br>manager fees|||||10,080|13,654||23,734|
|C/tari table activ/t/es|||||51,237|65,083||116,320|
|Total expenditure|||||61,317|78,737||140,054|
|Net income before investment||losses|||226,875|5,605||232,480|
|Net investment<br>losses|||||(179,728)|(243,457)||(423,185)|
|Net income/(expenditure)|and|net movement|in||||||
|funds|||||47,147|(237,852)||(190,705)|
|Balances brought forward|at 1 July||||1,028,485|2,006,531|15|3,035,031|
|Balances carried forward|at 30June||||1,075,632|1,768,679|15|2,844,326|