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|||Page|
|---|---|---|
|General
information|||
|Report ofthe trustees||3-5|
|Statement
oftrustees'|responsibilities||
|Independent
auditors'|report|7-10|
|Statement offinancial|activities||
|Balance sheet||12|
|Cashftow||13|
|Accounting
policies||14-15|
|Notes to the financial|statements|16-18|
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||||||Unrestricted|Expendable|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||income|endowment|this period|last year|
||||Note||Fund
F|Fundf|2022f|202'I
F|
|Incoming resources|||||||||
|Voluntary
Income|||||||||
|Donations
and compensation||||||1,921,126|1,921,126|2,719,980|
|Tax refund due on gift aid||||||475,000|475,000|679,995|
|Investmentincome|||||52,394||52,394|55,604|
|Total incoming
resources|||||52,394|2,396,126|2,448 520|3,455,579|
|Resourses expended|||||||||
|Cost ofgenerating
funds|||||||||
|Investment
management|costs||||||||
|Charitable
activities|||||||||
|Grants made||||3|1,430,000||1,430,000|2,500,000|
|Other|||||||||
|Audit fees|||||1,560||1,560|1,380|
|Accountancy
and advice
Bank charges|fees||||6,000
22||6,000
22|6,000
43|
|Total resources expended|||||1,437 582||1,437,582|2,507,423|
|Net incoming/(outgoing)|resources||||(1,385,188)|2,396,126|1,010,938|948,156|
|before transfers|||||||||
|Gross transfers
between|funds||||1,385,188|~13II5,188|||
|Net Income/(outgoing)|resources before|||||1,010,938|1,010,938|948,156|
|other recognised
gains|and|losses|||||||
|Other recognised
gains|and|losses|||||||
|(Losses)/gains
on investment
Net movements
in funds||assets||||2,500
1,013,438|2,500
1,013,438|1,224,299
2,172,455|
|Fund balance brought
forward
Fund balance carried forward at 5 April|||2022|||6,779,395
7,792,833|6,779 395
7,792,833|4,606,940
6,779,395|
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||Note|this|period|last year|
||||||2021|2021|
|Fixed assets||||6||8|
|Investment
at market value||||7,136,766||6,211,241|
|Current assets|||||||
|Debtors|||||||
|Cash at Handelsbanken||||660,452||573,220|
|Cash at Heartwood|||||55|1,954|
|Current
liablities|||||||
|Creditors: amounts|falling due within one year||||(4,440)|(7,020)|
|Net current assets||||656,067||568,154|
|Net assets||||7,792,833||6,779,395|
|Funds|||||||
|Expendable
endowment||fund||7,792,833||6,779,395|
|Unrestricted
income|fund||||||
|||||7,792,833||6,779,395|
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|||||2022|2021|
|---|---|---|---|---|---|
|Net income for the year||||1,010,938|948,156|
|Adjustments
for||||||
|Interest and dividends||||(52,394)|(55,604)|
|Decrease/(Increase)
in debtors|||||375,000|
|Increase
in creditors||||(2,580)|60|
|Cash flows from operating||activities||955,964|1,267,612|
|Cash flows from investing||activities||||
|Interest and dividends||||52,394|55,604|
|Proceeds from sale of investments||||1,000,000|700,000|
|Purchase ofinvestments||||(1,923,025)|(1,719,230)|
|Net cash used by Investing||activities||(870,632)|(963,626)|
|Change
in cash and cash equivalents||||85,333|303,986|
|Cash and cash equivalents|brought||forward|575,174|271,188|
|Cash and cash equivalents|carried forward|||660,507|575,174|
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||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
|1 Income|||||||||||
|Gift Aid donations|||||||||1,900,000|2,719,980|
|Canada
Life compensation||payment|||||||21,126||
|(Donations
and related tax refunds||are all expendable||||endowment||fund Income)|||
||||||||||1,921,126|2,719,980|
|2 Investment
income|||||||||||
|Handelsbanken|interest|||||||||318|
|LF Hb Balanced|Multi Asset|Fund||I Inc|dividend||distributions||52,394|55,285|
|(Investment
income|ls all unrestncted||funds|income)|||||52 394|55,503|
|3 Grants|||||||||||
|Grief to Grace|||||||||150,000|150,000|
|Royal Opera House||||||||||2,100,000|
|Opera RARA|||||||||100,000|250,000|
|The Congregation|of the Holy||Spirt||||||80,000||
|Westminster
Cathedral|||||||||100,000||
|Jesuits
in Britain|||||||||1,000,000||
|(Grant expenditure
is all unrestricted|||Fund expenditure)||||||1,430,000|2,500,000|
|4 Other|||||||||||
|Audit fees 2020-21||||||||||1,380|
|Accountancy
and|Wealth advice fees to||||31|March 2021||||6,000|
||(I-landelsbanken||||VVealth||Mgt)||||
|Bank charges||||||||||43|
|Audit fees for 2021-2022|||||||||1,560||
|Accountancy
and|Wealth advice fees to||||31|March 2022|||6,000||
||(Handelsbanken||||Wealth||Mgt)||||
|Bank charges|||||||||||
|(other expenditure
is|all unrestdcted|fund expenditure)|||||||7,582|7,423|
|5 Fixed asset investments|||||||||||
|Market value|||||||||||
|Carrying
(market)|value at beginning|||ofyear|||||6,211,241|3,967,712|
|Add Additions
at|cost||||||||1,923,025|1,719,230|
|Less disposals at|carry value||||||||1,000,000|700,000|
|Add/(deduct)
net|gain/(loss)|on revaluation|||||||2500|1,224299|
|Carrying
(market)|value at end||ofyear||||||7,136,766|6,211,241|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E||
|5|Fixed asset investments||continued||||||
||Analysis of Investment||||||||
||||||||Mkt Value|Mkt Value|
||||||||at year end|at year end|
||4,530,992.003 Hb Balanced|||Multi Asset Fund||I inc|7,136,766|6,211,241|
||Total||||||7,136766|6,211,241|
||The historic|cost ofthese|investments||was 66,656,988(2021:F5,670,621)||||
|6|Debtors||||||||
|7|Creditors: amount
falling|||due within|one year||||
||Audit fees|||||||4,020|
||Accountancy|and Wealth|advice fees||to 31 March 2021|||3,000|
|||(I-Iandelsbanken|||Wealth|IVlgt)|||
||Audit fees||||||1,440||
||Accountancy|and Wealth|advice fees||to 31 March 2022||3,000||
|||(Handelsbanken|||Wealth|Mgt)|||
||||||||4440|7,020|
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|8|Analysis|of|Funds||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||At|Income||Expenditure|Gains losses|At|
||||||06-Apl'-21
f||E||&transfers
E|05-Apr-22
E|
||Expendable||endowment|funds|6,779,395|2,396,126|||(1,382,688)|7,792,833|
||Unrestricted||funds||||52,394|(1,437,582)|1,385,188||
||||||6779395,|2|445,520|~f437 51!2|2,500|7792833|
||||||At|Income||Expenditure|Gains losses|At|
||||||06-Apr-20||||&transfers|05-Apr-21|
||||||F||E||E|E|
||Expendable||endowment|funds|4,606,940|3,399,975|||(1,227,520)|6,779,395|
||Unrestricted||funds||||55,604|(2,507,423)|2,451,819||
||||||4606,940|3455579||~2507423|1224299|6779,395|
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