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|||Page|
|---|---|---|
|General
information|||
|Report ofthe trustees||3-5|
|Statement of trustees'|responsibilities||
|Independent
auditors'|report|7-10|
|Statement
of financial|activities||
|Balance sheet||12|
|Cashflow||13|
|Accounting
policies||14 - 15|
|Notes to the financial|statements|16 —18|
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|Trustees|||Stefan Olsson (Appointed
John Tierney (Appointed|Stefan Olsson (Appointed
John Tierney (Appointed||24.01.17)
24.01,17)||
|---|---|---|---|---|---|---|---|
||||Dominic
Allain (Appointed|||24,01,17)||
||||Jim Barrat (Appointed|24.01.17)||||
|Accountant|||Handelsbanken
Wealth||&Asset Management|||
||||77 Mount Ephraim|||||
||||Tunbridge
Wells|||||
||||Kent|||||
||||TN4 8BS|||||
|Independent||Auditors|Gibson Booth Chartered
Statutory
Auditors|||Accountants|8|
||||New Court, Abbey Road|||North||
||||Shepley|||||
||||Huddersfield|||||
||||HD8 BBJ|||||
|Principal|Office||77 Mount Ephraim
Tunbridge
Wells|||||
||||Kent|||||
||||TN4 8BS|||||
|Registered||charity number|1172421|||||
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|||||Unrestricted|Expendable|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Income|endowment|this period|last year|
||||Note|Fund|Fund|2023|2022|
||||||||'|
|||||K||E|f.|
|Incoming resources||||||||
|Voluntary
Income||||||||
|Donations
and compensation|||||9,024,711|9,024,711|'I,92 'I .126|
|Tax refund
due on gift aid|||||1,500,013|1,500,013|475,000|
|Investment
income||||82,294||82,294|52.394|
|Total incoming
resources||||82,294|10,524,724|10,607,018|2,448,520|
|Resourses expended||||||||
|Cost ofgenerating
funds||||||||
|Investment
management|costs|||||||
|Charitable
activities||||||||
|Grants made||||1,450,000||1,450,000|1 430 000|
|Other||||||||
|Audit fees||||1,740||1,740|'I,560|
|Accountancy
and advice|fees|||6,000||6,000|6 000|
|Bank charges||||22||22|22|
|Total resources expended||||1,457,762||1,457,762|1,437,582|
|Net incoming/(outgoing)|resources|||(1,375,468)|10,524,724|9,149,256|1,010,938|
|before transfers||||||||
|Gross transfers
between|funds|||1,375,468|1 375,468|||
|Net income/(outgoing)|resources before||||9,149,256|9,149,256|1,010,938|
|other recognised
gains|and|losses||||||
|Other recognised
gains|and|losses||||||
|(Losses)/gains
on investment||assets|||(434,078)|(434,078)|2,500|
|Net movements
in funds|||||8,715,178|8,715,178|1,013,438|
|Fund balance
brought
forward
Fund balance carried forward|||at 5April 2023||7,792,833
16,508,011|7,792,833
16,508,011|79 .)95
7792,833|
|||||11||||
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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||Note|this|period|last year|
|||||||2023|2022|
|Fixed assets|||||E|||
|Investment|at market value||||11752,137||7 136,766|
|Current assets||||||||
|Debtors||||||13||
|Cash at Handelsbanken|||||4,747,737||660,452|
|Cash at Heartwood||||||12,805|G,5|
|Current liablities||||||||
|Creditors: amounts||falling|due within one year|||(4,680)|l4 440l|
|Net current|assets||||4,755,875||656,067|
|Net assets|||||16,508,011||7 792,833|
|Funds||||||||
|Expendable|endowment||fund||16,508,011||7,(92,833|
|Unrestricted|income|fund||||||
||||||16,508,011||7,792,833|
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||||2023|2022|
|---|---|---|---|---|
|Net income for the year|||9,149,256|1,010,938|
|Adjustments
for|||||
|Interest and dividends|||(82,294)|(52,394)|
|Decrease/(Increase)
in debtors|||(13)||
|Increase
in creditors|||240|(2,580)|
|Cash flows from operating|activities||9,067,190|955,964|
|Cash flows from investing
Interest and dividends|activities||82,294|52,394|
|Proceeds from sale of investments|||3,962,459|1,000,000|
|Purchase
ofinvestments|||(9,011,908)|(1,923,025)|
|Net cash used by investing
activities|||(4,967,156)|(870,631)|
|Change
in cash and cash equivalents
Cash and cash equivalents
brought||forward|4,100,034
660,507|85,333
575,174|
|Cash and cash equivalents|carried forward||4,760,541|660,507|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||E||
|1 Income||||||
|Gift Aid donations
Canada
Life compensation
payment
Gift of shares
(Donations
and related tax refunds are all expendable|endowment||fund income)|6,000,053
3,024,658
9,024,711|1.900 OOO
21 126
'l.921.126|
|2 Investment
income
Handelsbanken
interest
LF Hb Balanced
Multi Asset Fund
I Inc dividend
(Investment
income is all unrestricted
funds Income)||distributions||2,890
79,404
82,294|52.394
52 394|
|3 Grants
Grief to Grace
Royal Opera House
Opera RARA
The Congregation
ofthe Holy Spirt
Westminster
Cathedral
Jesuits
in Britain
(Grant expenditure
is ail unrestricted
Fund expenditure)||||150,000
1,000,000
100,000
200,000
1,450,000|'i r~o 0()O
1OO,OOO
80 OOO
100.000
1 000,000
'1.430,000|
|4 Other
Audit fee: 2021-22
Accountancy
and Wealth
aclvice fees to 31|March 2022||||1.560
6,000|
|(Handelsbanken
Wealth||Mgi)||||
|Bank chaiges
Audit fees for 2022-2023
Accountancy
and Wealth advice fees to 31|March 2023|||1,740
6,000||
|(Handelsbanken
Wealth||Mgt)||||
|Bank charges
(other expenditure
is all unrestricted
fund expenditure)||||7,762|7,582|
|5 Fixed asset investments||||||
|Market value
Carrying
(market) value at beginning
ofyear
Add Additions
at cost
Less disposals at carry value
Add/(deduct)
net gain/(loss)
on revaluation
Carrying
(market) value at end ofyear||||7,136,766
9,011,908
3,962,459
434,078
11,752 137|6 21 I,241
1,92".025
1,OOO, OOO
roo
136 766|
|THE PONTOON|THE PONTOON|TRUST|TRUST|||||
|---|---|---|---|---|---|---|---|
|NOTES TO THE||FINANCIAL STATEMENTS||||||
|As at 5 April 2023||||||||
|||||||2023|2022|
|||||||f.||
|5 Fixed asset|investments
continued|||||||
|Analysis of|Investment|||||Mkt Value|Mkt Value|
|||||||at year end|at year end|
|8,001,727.314 Hb|||Balanced
Multi Asset Fund||I Inc|11,752,137|7,136.766|
|Total||||||11,752,137|7,136766|
|The historic|cost of||these investments|was f11,671,489 (2022:66,656,988)||||
|6 Debtors||||||||
|Outstanding|gift aid||refund|||13||
|||||||13||
|7 Creditors: amount|||falling due within|one year||||
|Audit fee.|||||||1 440|
|Accountancy||and VVealth advice fees||to 3'1 March 2022|||3.000|
||||(Handelsbanken|Wealth|Mgt)|||
|Audit fees||||||1,680||
|Accountancy||and Wealth advice fees||to 31 March 2023||3,000||
||||(Handelsbanken|Wealth|Mgt)|4,680|4 440|
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|8|Analysis
of|Funds||At|Income|Expenditure|Gains losses|At|
|---|---|---|---|---|---|---|---|---|
|||||06-Apr-22|||&transfers|05-Apr-23|
|||||F|||F||
||Expendable
Unrestricted|endowment
funds|funds|7,792,833|10,524,724
82,294|(1,457,762)|(1,809,546)
1,375,468|16,508,011|
|||||7,792,833|||||
|||||At|Income|Expenditure|Gains losses|At|
|||||06-Apr-21|||&transfers|05-Apr-22|
|||||F|||F|F|
||Expendable
Unrestricted|endowment
funds|funds|6,779,395|2,396,126
52,394|(1,437,582)|(1,382,688)
1,385,188|7,792,833|
|||||6,779,395|2,448,520|~1,437,582|2,500|7,792,833|
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