2023-04-05-accounts - The Ajs Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
General information
Report ofthe trustees		3-4
Statement oftrustees'	responsibilities
Independent Examiner	report
Statement offinancial	activities
Balance sheet
Cashflow statement
Accounting policies		10-11
Notes to the financial statements		12-14

			Unrestricted	Expendable	Total	Total
			Income	endowment	this year	last year
		Note	Fund	Fund	2023	2022
Income resources
Voluntary Income
Donations				480,000	480,000	983,280
Tax refund due on gift aid				120,000	120,000	245,820
Investment income			55,821		55,821	13,358
Total incoming resourses			55,821	600,000	655,821	1,242 458
Resources expended
Cost ofgenerating funds
Investment management costs
Charitable activities
Grants made			229,788		229,788	247,984
Governance cost
Audit/independent examination fees Trust accounting/tax claims fees Professional fees			1,320 2,238 2,843		1,320 2,238 2,843	1,440 3,185 1,975
Bank charges and tax penaties			118		118	17
Total resources expended			236,307		236,307	254,602
Net incoming/(outgoing) resources before transfers			(180,486)	600,000	419,514	987,856
Gross transfers between funds			180,486	~186,486
				419,514	419,514	987 856
Net income/(outgoing) resources before
other recognised gains and	losses
Other recognised gains and	losses
(Losses)/gains on investment Net movements in funds	assets			(206,491) 213,023	(206,491) 213,023	9,328 997,184
Fund balance brought forward Fund balance carried forward		at 5April 2023		3,436,898 3,649,921	3,436,898 3,649,921	2,439,714 3,436,898
			7

				Total	Total
			Note	this year	last year
				2023	2022
Fixed assets
Investment at market value			8	2,128823	2,294,697
Current assets
Debtors					220,820
Cash at Handelsbanken Cash at Handelsbanken Wealth		&Asset Management		1,547,983 2,859	958,088 4,394
Creditors: amounts	falling due within one year			(18,243)	(18,100)
Net current assets				1,532,599	1,165,202
Total assets less current liabilities				3,661,422	3,459,898
Creditors: amounts	falling due after one year			11,500 3,649,921	~(23,000' 3,436,898
Funds
Expendable endowment fund (page 10)				3,649,921	3,436,898
Unrestricted income	fund (page	10)
				3,649,921	3,436,898

			2023	2022
Net income for the year			419,514	987,856
Adjustments for
Interest and dividends			(55,821)	(13,358)
Decrease/(Increase) in debtors			220,820	(220,820)
Increase/(decrease) in creditors			(11,357)	38,517
Cash flows from operating	activities		573,156	792,195
Cash flows from investing	activities
Interest and dividends			55,821	13,358
Proceeds from sale of investments
Purchase of investments			(40,617)	(13,358)
Net cash used by investing activities
			15,204.00
Change in cash and cash equivalents			588,360	792,195
Cash and cash equivalents	brought	foneard	962,482	170,287
Cash and cash equivalents	carried forward		1,550,842	962,482

										2023	2022
1	Income
	Gift Aid donation	Cheryl		Hood						318,040	800,000
		Jason Hood								81,960	83,280
		Andrew		Gossage						80,000	100,000
										480,000	883,280
2	Investment income
	Handelsbanken interest									15,200
	Portfolio deposit interest									4
	Unit trust distributions									46617	'I3,358
										55,821	13,358
3	Investment management
4	Grants
	The Prince's Trust									25,000	25,000
	Barnardo's										51,418
	Cardinal Heenan Catholic									100,000	100,000
	StGeorges College										600
	Explore Learning									44,220	19,840
	Pancreatic Cancer UK										1,045
	Explorer Books										81
	Disasters Emergency Committee									50,000	50,000
	Letita Mackie									187
	Bookmark Reading									10,381
										229,788	247,984
5	Governance fees:
	Independent Examiners	fees for 2022/23			(Audit fees	2021/22)				1,320	1,440
	Professional fees (Risk	review)								2,843	'I,975
	Accountancy fees for 2022/23			(2021/22)	(Handelsbanken		Wealth		Mgt)	1,650	1,571
	Preparation of2023 Annual		Return (Handelsbanken			Wealth		Mgt)		732	696
	Preparation of gift aid claims Adjustment to fees gift aid fees overstated				in 2021/22					468 ~612	918
										6,401	6,600