| Page | ||
|---|---|---|
| Trustees' Report |
2-5 | |
| Independent Examiner's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 9 —15 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| Notes | 2022 | 2021 | |||
| Income | |||||
| Investment income |
9,465 | 9,621 | |||
| Tota I income | 9,465 | 9,621 | |||
| Expenditure | |||||
| Expenditure on charitable |
activities | 57,230 | 69,967 | ||
| Total expenditure | 57,230 | 69,967 | |||
| Net income and net movement | in funds before gains and | ||||
| losses on Investments | (47,765) | (60,346) | |||
| Net gains/(losses) on investments |
19,921 | 215,680 | |||
| Net movement in funds |
(27,844) | 155,334 | |||
| Reconciliation offunds |
|||||
| Total funds brought forward |
961,187 | 805,853 | |||
| Total funds carried forward | 933,343 | 961,187 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| f | |||||
| Dividend | received | 6,500 | 6,619 | ||
| Interest | received | 2,965 | 3,002 | ||
| 9,465 | 9,621 | ||||
| EXPEND | ITU | RE ON CHARITABLE ACTIVITY | |||
| Grants | Total | Total | |||
| giving f |
2022 f |
2021 E |
|||
| Grants payable (note 5) | 50,000 | 50,000 | 58,000 | ||
| Support | costs (note 4) | 5,190 | 5,190 | 10,077 | |
| Governance | costs (note 4) | 2,040 | 2,040 | 1,890 | |
| 57,230 | 57,230 | 69,967 |
| Basis of | Support | Governance | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| apportionment | Costs | Costs | 2022 | 2021 | ||||
| f | 9 | f | f | |||||
| Independent | examination | fees | Transaction | 2,040 | 2,040 | 1,890 | ||
| Foreign exchange | loss/(gain) | Transaction | 262 | 262 | 5,805 | |||
| Investment/bank | charges | Transaction | 4,928 | 4,928 | 4,272 | |||
| 5,190 | 2,040 | 7,230 | 11,967 |
| During the year grants organisations: |
w | ere charg |
ed to the St |
atement of |
Financial Activi |
ties for t |
he following |
charitable | |
|---|---|---|---|---|---|---|---|---|---|
| Recipient of institutional | grant | Medical | Environ- | Conser- | Hardship | Total | Total | ||
| mental | vation | 2022 | 2021 | ||||||
| orotection | |||||||||
| E | |||||||||
| Medical Foundation for the Victims ofTorture |
Care of | 15,000 | 15,000 | 16,000 | |||||
| Whitley Fund for Nature |
15,000 | 15,000 | 12,500 | ||||||
| Save the Elephants | 15,000 | 15,000 | 12,500 | ||||||
| Crosslight Advice |
5,000 | 5,000 | 5,000 | ||||||
| Baynards Zambia Trust |
3,000 | ||||||||
| City of London Sinfonia | 3,000 | ||||||||
| Selwyn College Cambridge | Bursars | 5,000 | |||||||
| The East End Community Foundation |
1,000 | ||||||||
| 15,000 | 15,000 | 15,000 | 5,000 | 50,000 | 58,000 | ||||
| 6. | GAINS / (LOSSES)ON INVESTMENT ASSETS |
||||||||
| Unrestricted | 2022 | 2021 | |||||||
| Funds | |||||||||
| Realised gain/(loss) on sale |
of investment | 38,025 | 38,025 | 26,621 | |||||
| Unrealised gain/(loss) on year end valuation |
(18,104) | (18,104) | 189,059 | ||||||
| 19,921 | 19,921 | 215,680 | |||||||
| 7. | NET INCOME/ (EXPENDITURE) FOR THE YEAR | ||||||||
| This is stated after charging | |||||||||
| 2022 | 2021 | ||||||||
| Independent examination |
fees | 2,040 | 1,890 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | f | ||||||||
| Market value, | brought | forward | 920,521 | 715,791 | |||||
| Additions | 135,228 | 204,716 | |||||||
| Disposals | (203,505) | (215,666) | |||||||
| Realised gain / (loss) Unrealised gain / (loss) |
38,025 ~18184) |
26,621 189,059 |
|||||||
| Market value, | carried | forward | 872,165 | 920,521 | |||||
| Cash held as | part of | porffolio | 63,218 | 42,556 | |||||
| Total investments | 935,383 | 963,077 | |||||||
| Historic cost | 770,221 | 805,057 | |||||||
| All of the above | investments | are | allocated as follows: | ||||||
| Investments at fair value |
comprises: | ||||||||
| UK fixed interest | 142,426 | 142,426 | |||||||
| UK equities | 80,102 | 80,102 | |||||||
| Overseas equities |
649,637 | 697,993 | |||||||
| Cash held within | the investment | porffolio | 63,218 | 42,556 | |||||
| 935,383 | 963,077 | ||||||||
| 9. | CREDITORS: | Amounts | falling | due within one year | |||||
| 2022 | 2021 | ||||||||
| f | |||||||||
| Accruals | 2,040 | 1,890 | |||||||
| 2,040 | 1,890 |
| Balance | Balance | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| at | 06.04.21 | Income | Expenditure | Gains/Losses | at | 05.04.22 | ||||
| F | f | f | ||||||||
| Unrestricted | Funds | |||||||||
| General | Funds | 961,187 | 9,465 | 57,230 | 19,921 | 933,343 | ||||
| 961,187 | 9,465 | 57,230 | 19,921 | 933,343 | ||||||
| Movement | In | funds | —previous | year | ||||||
| Balance | Balance | |||||||||
| at | 06.04.20 | Income | Expenditure | Gains/Losses | at | 05.04.21 | ||||
| F | f | 6 | ||||||||
| Unrestricted | Funds | |||||||||
| General | Funds | 805,853 | 9,621 | 69,967 | 215,680 | 961,187 | ||||
| 805,853 | 9,621 | 69,967 | 215,680 | 961,187 |
| ANALYS | IS OF FUND BAL | ANCES B | ETWEEN NET ASSETS | ||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| Funds | 2022 | ||||
| 6 | |||||
| Investments | 935,383 | 935,383 | |||
| Net current assets | (2,040) | (2,040) | |||
| 933,343 | 933,343 | ||||
| Analysis | of fund balances | between | net assets —previous year | ||
| Unrestricted | Total | ||||
| Funds | 2021 | ||||
| f | 6 | ||||
| Investments | 963,077 | 963,077 | |||
| Net current assets | (1,890) | (1,890) | |||
| 961,187 | 961,187 |