| CONTENTS | |
|---|---|
| Page | |
| TRUSTEES' ANNUAL REPORT |
1-3 |
| INDEPENDENT EXAMINER'S REPORT |
|
| STATEMENT OF FINANCIAL ACTIVITIES | |
| BALANCE SHEET | |
| NOTES ON ACCOUNTS | 7-9 |
| registered charity, No. 1166909. The |
registered charity, No. 1166909. The |
registered charity, No. 1166909. The |
registered charity, No. 1166909. The |
registered charity, No. 1166909. The |
ad | dress o | fthe Charity is 31 | Hill | Street, | Londo | n, W1J 5LS. |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Principal aims and objectives | |||||||||||
| The objectives | ofthe Charity as setout | in | the Trust Deed are the advancement | ofpublic benefit by such charitable | |||||||
| purposes as | the | Trustees | may decide, | in | particular: | ||||||
| - provision ofgrants | to charities | principally | operating in and |
around Bethesda | and Bangor, North Wales | ||||||
| -provision of grants |
to educational | charities in Jamaica |
|||||||||
| Trustees | |||||||||||
| The following | people have | acted as Trustees of | the charity during | the | year: | ||||||
| Richard Douglas | Pennant | ||||||||||
| Michael Armstrong | |||||||||||
| Andrew Penny (retired 26 October 2022) |
|||||||||||
| Suzanne Williamson |
(retired | 26 October 2022) | |||||||||
| Emyr Wynne Hughes |
(appointed 26 October 2022) | ||||||||||
| Edward Charles Sample (appointed | 26 October 2022) | ||||||||||
| Professional | Advisors | ||||||||||
| Bankers: | C Hoare &Co | ||||||||||
| 37 Fleet Street | |||||||||||
| London | |||||||||||
| EC4P 4DQ | |||||||||||
| Solicitors: | Forsters LLP | ||||||||||
| 31 Hill Street | |||||||||||
| London | |||||||||||
| W1J 5LS | |||||||||||
| Accountant | and | independent examfner: |
Hazlewoods LLP |
||||||||
| Staverton Court |
|||||||||||
| Staverton | |||||||||||
| Cheltenham | |||||||||||
| GL51 OUX | |||||||||||
| Stockbrokers: | Quilter Cheviot | ||||||||||
| One Kingsway | |||||||||||
| London | |||||||||||
| WC2B 6AN |
| 2922 | 2921 | ||||
|---|---|---|---|---|---|
| Note | 6 | 6 | |||
| Fixed assets | |||||
| Investments | 1,347,151 | 1,247,819 | |||
| Current assets | |||||
| Cash at bank | 15,047 | 36,009 | |||
| Cash held by | stockbroker | 12,275 | 57,676 | ||
| 27,322 | 93,685 | ||||
| Current liabilities |
|||||
| Accruals | 7,205 | 5,328 | |||
| (7,205) | (5,328) | ||||
| Net current | assets | 20,117 | 88,357 | ||
| Net assets | 1,367,268 | 1,336,176 | |||
| Represented | by: | ||||
| Unrestricted | funds | 1,367,268 | 1,336,176 |
| (continued) | (continued) | (continued) | (continued) | |||
|---|---|---|---|---|---|---|
| Charitable | activities expenditure | 2022 6 |
2021f | |||
| Grants | 38,000 | 52,500 | ||||
| Accountancy | 2,080 | 2,640 | ||||
| Legal and professional | fees | 14,670 | 13,152 | |||
| Investment | management | fees | 8,079 | 6,829 | ||
| Independent | Examiner's | remuneration | 565 | 540 | ||
| Bank charges | 364 | 321 | ||||
| 63,758 | 75,982 | |||||
| Net incoming | resources | for the year | ||||
| This is stated | after charging: | 2022 8 |
2021 6 |
|||
| Accountant's | remuneration | 2,080 | 2,640 | |||
| Independent | Examiner's | remuneration | 565 | 540 | ||
| 2,645 | 3,180 |
| The Charity is a registered gains. |
The Charity is a registered gains. |
charity and as such is not gen | erally liable to taxation on its incom |
e or capital | |
|---|---|---|---|---|---|
| 6 | Fixed asset investments | 2022 | 2021 | ||
| 6 | 6 | ||||
| Market value at | 6 April 2021 | 1,247,819 | 880,215 | ||
| Additions during |
the period | 111,391 | 265,689 | ||
| Disposals during the period |
(65,939) | (114,264) | |||
| Equalisation | (52) | (13) | |||
| Net unrealised | investment | (gain)/loss | 53,932 | 216,192 | |
| Market value at 5April 2022 | 1,347,151 | 1,247,819 | |||
| Investment summary |
|||||
| Quoted shares | 1,337,151 | 1,237,819 | |||
| Unlisted shares | 10,000 | 10,000 | |||
| 1,347,151 | 1,247,819 |