## ||||Page| |---|---|---|---| |Trustees'
and|charity|information|| |Trustees' report|||| |Independent|examiner's
report||| |Statement of|financial|activities|| |Balance sheet|||| |Notes to the financial||statements|| ## ## |Trustees|||Mark Tellwright|Mark Tellwright||| |---|---|---|---|---|---|---| ||||Anna Cockeg|||| ||||Tiger Tellwrlght||Cockell|| ||||Finbar Tellwright|||Cockell| ||||Eric Young|||| |Registered||address|71Queen Victoria|||Street| ||||London|||| ||||EC4V 48t|||| |Charity number|||1173336|||| |Company|number||10664866|||| |Independent||examiner|Care Turtington||FCA DChA|| ||||Saffery LLP|||| ||||71Queen Victoria|||Street| ||||London|||| ||||EC4V4BE|||| |Bankers|||Santander|UK pic||| ||||Bridle Road|||| ||||Beetle|||| ||||Merseysid e|||| ||||L304GB|||| |Investment||managers|SgiT Wealth|lvlanagement||| ||||SSt)ames's|Place||| ||||London|||| ||||SW1A 1NP|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Llnrestricted|Restricted|Expendable|Total funds|Total| |---|---|---|---|---|---|---|---| ||||funds|funds|endowment|2023|2022| ||||6|6|funds|6|f| ||||||6||| |||Note|||||| |Income and endowments||from|||||| |Donation
income||2||49,905||49,905|15,6DQ| |investment
income|||14,564|||14,564|7,580| |Rental income|||205,00G|||205,GQ0|60,223| |Total income and endowments|||219,564|49,905||269,469|83,403| |Expenditure:|||||||| |Raising funds|||34,653||5,770|40,423|120,203| |Ex pen diture on char it a bi e
activities|||58,643|39,496||98,139|78,820| |Total expenditure|||93,296|39,496|5,770|138,562|199,023| |Gain/(loss)
on investments|||||(36,665)|(36,665)|(14,128)| |Net (expenditure)/|income||126,268|10,409|(42,435)|94,242|(129,748)| |Transfer between funds|||||||| |Net movement
on funds|||126,268||(42,435)|94,242|(129,748)| |Total funds brought|forward||2,943|62,223|2,386,635|2,451,801|2,581,549| |TOtal funds carried|forward||129,211|72,632|2,344,200|2,546,043|2,451,801| ## |||||2023|2022| |---|---|---|---|---|---| ||||Note|6|| |Fixed assets|||||| |Intangible
assets||||2,175|2,943| |In ve atm ents||||456,929|486,425| |Investment|property|||2,265,849|2,265,849| |||||2,724,953|2,755,217| |Current assets|||||| |I3ebtors|||||61,500| |cash at bank||||242,277|619,445| |||||242,277|680,945| |Current gab|ilities||||| |Creditors: amourits||falling due within one year|8|(74,521)|(114,361)| |Net current|assets|||167,756|566,584| |Creditors: due in more than one year||||(346,666)|(870,000)| |Net assets||||2,546,043|2,451,801| |Charity fvnds|||||| |Expen da bie|en dew|ment fu nd||2,344,200|2,386,635| |Restricted fund||||72,632|62,223| |Unrestricted|funds|||129,211|2,943| |Total fvnds||||2,546,043|2,451,801| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Dori ation income|Dori ation income|||||| |---|---|---|---|---|---|---| |Current year||Unrestricted|Restricted|Expendable|Total|Total and| |||funds|funds|endowment||restricted| |||||funds||funds| |||2023|2023|2023|2023|| |||f|E||f|f| |Don ations|||41,155||41,155|15,600| |Gift aid income|||8,750||8,750|| ||||||49,905|15,600| |Comparative|year|Unrestricted
funds|Restricted
funds|Expendable
endowment|Total funds|| |||||funds||| |||2022|2022|2022|2022|| |||f|E|||| |Donations|||15,600||15,600|| |Gift aid income||||||| |Gift in kind||||||| ## |3.|Expenditure||||| |---|---|---|---|---|---| |||||2023|2022| |||||f|6| ||Expenditure
on raising|fund»|||| ||investment
management||fees|5,770|3,977| ||Property Costs|||5,092|51,713| ||Loan interest|||29,561|12,859| ||Legal and professional|fees|||51,654| |||||40,423|120,203| ||Expenditure
on Charitable||activities||| ||Grants||||| ||Marine, wildlife and sailing|||10,000|| ||Children's
Charities|||15,000|7,500| ||Refugee Charities|||5,000|2,500| ||Sports Chari ties|||2,500|| ||Medical
fk Research Charities|||8,750|| ||Other Charities|||5,000|| ||Direct costs||||| ||Project costs|||39,496|40,797| ||Support cosis||||| ||8ank oharges|||3,191|7,319| ||Accountancy
and taxation||services|8,182|6,326| ||Legal and professional|fees||252|13,611| ||Amortisation|||767|767| |||||12,392|28,023| ||Total expenditure|||138,562|199,023| ## ## ## |Ail grants
made
during the year
was to the Seaview Sailing Trust|were paid ta institutions.
E10,000.|The|most significant|grant|in the year| |---|---|---|---|---|---| |intangible
assets|||||| ||||||Website| |Cost|||||| |Brought
forward
Additions at cost|||||3,837| |Carried forward|||||3,837| |Am ortlsation|||||| |Brought forward|||||896| |Charge forthe year|||||767| |Car ried farwa rd|||||1,662| |Net book value brought
forward|||||2942| |Net book value carried forward|||||2 175| |Investments|||||| ||Investments||Other||Total| |||rrl|investrnems||| ||subsidiaries||||| |Valuation|||||| |Brought forward|||486,422||486,426| |Additions at cost|||13,710||13,710| |Erisposals at proceeds
Gain/(lass)
on investments
Increase
in cash held by investment|manager||(46,130)
(36,666)
39,989||(46,130)
(36,665)
39,689| |||3|466,926||456,929| ## ## ## |reakdown
ofother investments
at market value|:|| |---|---|---| ||2023|2022| |Listed investments|413,522|482,607| |Cash|43,404|3,815| ||456,926|486,422| |Histonc cost of investments|461,052|464 849| ## |vestment|properties|| |---|---|---| |||Investment| |||property| |||6| |Brought|forward|2,265,849| |Additions|at c.ost|| |Carried forward||2,265,849| ## |||2023|2022| |---|---|---|---| |||f|| |Trade|Debtors||61,500| ||||61,500| ## ## |||2023|ZD22| |---|---|---|---| |Accruals||4,700|4,700| |Deferred Income||51,250|51,250| |Bank loan|||53,333| |Other creditors|||| |VAT creditor||18,568|5,075| |||74,521|114,361| |Creditors: amounts|due in more than one year||| |||2023|2022| |Bank loan||346,666|870,000| |||346,666|870,000| |The bank loan is due for repayment:|||| |In under one year|(see note 8)||53,333| |ln 1-2years|||53,333| |In 2-5 years||346,666|816,667| |In over 5years|||| |||346,666|923,333| ## ## ## |Current year||At 31
March|Income|Expen diture|Gain on
investments|Transfer|At 31
March| |---|---|---|---|---|---|---|---| |||2022|||||2023| |Expendable||2,386,635||(5,770)|(36,665)||2,344,200| |endowment|fund||||||| |Restricted fund:|||||||| |L)vine Uplands||62,223|49,905|(39,496)|||72,632| |Unrestricted||2,943|219,564|(93,296)|||129,211| |funds|||||||| |||2,451,801|269,469|(138,)62)|(36,665)||2,546,043| |Comparative|year|At 31
March
2021|Income|Expenditure|Gain On
investments|Tranafer|At 31
March
2022| |Expendable||2,492,895||(3,977)|(14,128)|(88,155)|2,386,635| |endowment|fund||||||| |Restricted fund:
Living Uplands
Unrestricted||87,42.0
1,234|15,600
67,803|(40,797)
(154,249)||88,155|62,223
2,943| |funds|||||||| |||2,581,549|83,403|(199,023)|{14,128)||2,45 1,801| ## ## |11,
Analysis ofnet assets by fund|11,
Analysis ofnet assets by fund|||| |---|---|---|---|---| |Current year|Unrestricted|Restrir.ted|Expendable|Total| ||funds|funds|endowment|2023| |intangible
assets|2,175|||2,175| |investments|3||2,7Z2,775|2,722,778| |Net current assets|127,033|72,632|(31,909)|167,756| |Creditors over one year|||(346,666)|(346,666)| |Net assets|129,211|72,632|2,344,200|2,546,043| |Comparative
year|Unrestricted|Restr!cted|Expendable|Total| ||funds|funds|endowment|2022| |Intangible
assets|2,943|||2,943| |inve st
ments|3||2,752,271|2,752,274| |Net current assets|(3)|62,223|504,364|566,584| |Creditors over one year|||(870,000)|(870,000)| |Net assets|2,943|62,223|2,386,635|2,451,801| ## ## |13,
Comparative|statement|statement|of finanr.isl activities|||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Expendable|Total| ||||funds|funds|endowment|2022| ||||f|f|funds|f| |Interne and endowments||from||||| |Donation
income||||15,600||15,600| |Investment
income|||7,580|||7,580| |Rental income|||60,223|||60,223| |Total income and endowments|||67,803|15,600||83,403| |Expenditure:||||||| |Racing funds|||116,226||3,977|120,203| |Expenditure
on charitable|||38,023|40,797||78,820| |Total expenditure|||154 249|40 797|3977|199023| |Gain/(loss)
on investments|||||(14,128)|(14,128)| |Net (expenditure)/|income||(86,446)|(26,197)|(18,1D5)|(129,748)| |Iransfer between funds|||88,155||(88,155)|| |Islet movement
on|funds||1,709|(25,1973|(106,260)|(129,748)| |Total funds brought|forward||1,234|87,420|2,492,895|2,581,549| |rats& funds carried|forward||2,943|62,223|2,386,635|2,451,801|