| Index | Page | |||
|---|---|---|---|---|
| Trustees' report | 1 | - | 3 | |
| Independent Examiner's |
report | |||
| Statement offinancial | activities | |||
| Balance sheet | ||||
| Notes to the Accounts | 7 | - | 10 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| Note | ||||||
| Income and endowments | from: | |||||
| Investment income |
122,678 | 108,140 | ||||
| Total income | 122,678 | 108,140 | ||||
| Expenditure on: |
||||||
| Raising funds (investment | management | fees) | (37,820) | (44,004) | ||
| Charitable activities |
(216,622) | (232,788) | ||||
| Total expenditure | (254,442) | (276,792) | ||||
| Net expenditure before |
gains/(losses) | |||||
| on investments | (131,764) | (168,652) | ||||
| Net gains/(losses) on investments |
98,254 | (911,351) | ||||
| Net movement in funds |
(33,510) | (1,080,003) | ||||
| Reconciliation offunds: | ||||||
| Total funds brought | forward | 4,869,363 | 5,949,366 | |||
| Total funds carried | forward | K4,835,853 | K4,869,363 |
| 2 | Investment | income | 2023 | 2022 | |
|---|---|---|---|---|---|
| Dividends | 96,060 | 89,378 | |||
| Interest from | investments | 26,275 | 18,669 | ||
| Interest on cash deposits | 343 | 93 | |||
| f122,678 | f108,140 | ||||
| 3 | Expenditure | on charitable | activities | 2023 | 2022 |
| Grants awarded (see note 5) | 209,706 | 226,299 | |||
| Governance | costs (see note 6) | 6,916 | 6,489 | ||
| 5216,622 | f232,788 |
| Grants awarded | during | the year: | 2023 | 2022 | |
|---|---|---|---|---|---|
| General | 50,099 | 73,250 | |||
| Prevention Or |
Relief | ofPoverty | 62,090 | 57,000 | |
| Health &Disability | 69,768 | 53,050 | |||
| Animal Welfare |
8,749 | 26,999 | |||
| Education | 19,000 | 16,000 | |||
| f209,706 | f.226,299 | ||||
| 5 | Governance costs |
2023 | 2022 | ||
| Management and |
administration | ||||
| Accountancy fees |
5,448 | 5,136 | |||
| Independent examiner's |
fees | 1,212 | 1,110 | ||
| Bank charges | 256 | 243 | |||
| X6,916 | K6,489 |
| 7 | Fixed asset investments | 2023 | 2022 | |
|---|---|---|---|---|
| Opening market value |
4,786,677 | 5,767,648 | ||
| Additions at cost |
605,896 | 625,256 | ||
| Disposal proceeds | (801,088) | (694,876) | ||
| Realised gain (ref. note 1.11) | 54,119 | 12,075 | ||
| Unrealised gain/(loss) |
(ref. note 1.11) | 44,135 | (923,426) | |
| Closing market value | K4,689,739 | K4,786,677 | ||
| 8 | Analysis ofcurrent assets | 2023 | 2022 | |
| Cash and cash equivalents | ||||
| Close Brothers Asset | Management | |||
| - Capital account | 47,112 | 67,306 | ||
| Metro Bank | ||||
| -Current account | 119,363 | 30,585 | ||
| Total current assets | f,166,475 | f,97,891 |
| 9 | Analysis ofliabilities | 2023 | 2022 | |
|---|---|---|---|---|
| Creditors falling due within one year |
||||
| Investment management |
fees | 9,207 | 9,451 | |
| Accountancy fees |
4,860 | 4,632 | ||
| Independent examiner's |
fees | 1,194 | 1,122 | |
| Charitable grant commitments |
5,100 | |||
| Total current liabilities | K20,361 | 615,205 |