##
##
##
##
##
||||||||Page|
|---|---|---|---|---|---|---|---|
|Report of|the Trustees|||||||
|Report of|the Independent||Auditor's||||6-8|
|Statement|of Financial|Activities||(incorporating|Income and Expenditure|Account)||
|Balance Sheet|||||||10|
|Statement|ofCash Flows|||||||
|Notes to the Financial||Statements|||||12 —17|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||Unrestricted|Funds|
|---|---|---|---|---|---|---|---|---|
|||||||Page|2022|2021|
|Income from:|||||||||
|Donations
(note 2)
Investments
(note 3)||||||14
14|1,086,033
87,709|113,144
7,433|
|Total income|||||||1,173,742|120,577|
|Expenditure
on:|||||||||
|Charitable
activities (note 4)
Raising funds —Investment
management|||||fees (note 5)|15
15|225,590
3,775|178,100
6,777|
|Total expenditure|||||||229,365|184,877|
|Net (losses)/gains|on|investment||(note 6)||16|(526,701)|116,313|
|Net income|||||||417,676|52,013|
|Net movement
in|funds||||||417,676|52,013|
|Reconciliation
of|funds:||||||||
|Funds brought
forward||at 1 January 2022|||||5,368,394|5,316,381|
|Total funds carried forward at||||31 December 2022||10|f 5,786,070|8 5,368,394|
##
|||||Unrestricted|Funds||
|---|---|---|---|---|---|---|
||||8|2022|8|2021
8|
|Fixed assets:|||||||
|Investments
(note 6)||||5,542,213||5,224,205|
|Current assets:|||||||
|Cash st bank (note|7}|16|411,98?||258,389||
||||411,987||258,389||
|Current liabilities:|||||||
|Creditors: amounts
(note 8)|falling due within one year|16|(88,130)||(54,200)||
|Net current assets||||323,857||204,189|
|Total assets less current liabilities||||5,866,070||5,428,394|
|Creditors: amounts
year (note 9)|falling due in more than one|||(80,000)||(60,000}|
|Total net assets||||65,786,070||65,368,394|
|Ths funds ofthe charity|||||||
|Unrestricted
funds||||5,786,070||5,368,394|
|Tote I charity funds||||85,?86,070||85,368,394|
##
##
##
|||Page|2022|2021|
|---|---|---|---|---|
|Net Cash flows from operating
activities|||||
|Net incoming
resources before gains
Less investment
income and deposit interest
Increase
in creditors||9|944,377
(87,709)
53,930|(64,300)
(7,433)
85,700|
|Net cash from operating
activities|||910,598|13,967|
|Cash flows from investing
activities|||||
|Investment
income|||85,846|7,389|
|Deposit interest
Payments
to acquire investments
Receipts from sales of investments|||1,863
(5,771,539)
4,926,830|44
(5,107,892)|
|Net cash used forinvesting
activities|||(757,000)|(5,100,459)|
|Net increase i(decrease)
in cash and cash equivalents||for the year|153,598|(5,086,492)|
|Reconciliation
of net cash flow to movement|in net funds||||
|Net cash resources at 1 January 2022|||258,389|5,344,881|
|Cash and cash equivalents
at 31 December|2022||F411,987|E258,389|
|Cash and cash equivalents
consist of;|||||
|Cash held with Handelsbanken
(note 7)
Cash held with Sarasin
& Partners
(note 7)
Cash held with Nucleus (note 7)||16
16
16|410,497
1,490|246,124
12,265|
|||10|F 411,987|E 258,389|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Page|2022|2022||2021|2021||
|---|---|---|---|---|---|---|---|---|
|INCOME FROM LEGACIES||||E|||F||
|Legacy income||9|2 1,086,033||L'||113,144||
||||2022|||2021|||
|INCOME FROM INVESTMENTS||||E|||||
|Accumulation|dividends|||70,770|||||
|Dividends||||15,076|||7,389||
|Bank deposit|interest|||1,863||||44|
|||9|E|87,709||6|7,433||
##
##
##
|||||Page|Page|2022|2021|2021|
|---|---|---|---|---|---|---|---|---|
|4.|CHARITABLE ACTIVITIES|||||K||E|
||The following
grants were awarded
to charitable||institutions|during|the year ended 31 December 2022:||||
||ActionAid
(Reg charity no. 274467)
DEC Ukraine
Fund (Reg. charity no. 1062638)
South East London Arts Network (Reg. charity no. 1157803)|||||150,000
25,000
20,000||10,000
20,000|
||Clean Break Theatre Company
(Reg. charity no.
LangaLanga
Trust (Reg. charity no. 1076360)||1017560)|||20,000||60,000|
||St Mungo's
Community
Housing Association|(Reg. charity no.|||||||
||1149085)|||||||30,000|
||The Big Issue Foundation
(Reg. charity no. 1049077)
Changing
Faces (Reg. charity no. 1011222)|||||||30,000
20,000|
|||||||215,000||170,000|
||Support costs
Accountancy fees (governance
cost)
Audit fees (governance
cost)
Independent
examination
fees (governance
Legal fees (governance
cost)|cost)||||6,360
4,230||5,220
600
1,800
480|
|||||||10,590||8,100|
||Total Charitable
Activities||||9|F 225,590|k|178,100|
|||||||2022|2021||
|5.|EXPENDITURE ON RAISING FUNDS|||||K||E|
||Nucleus
investment
management
fee|||||4,841||6,699|
||LEI renewal fee|||||||78|
||Sarasin 8 Partners
LLP management
fee rebate|||||(1,066)|||
||||||9|F. 3,775|E|6,777|
##
##
||NOTES T|O THE FINANCIAL STATEMENTS|O THE FINANCIAL STATEMENTS|O THE FINANCIAL STATEMENTS|O THE FINANCIAL STATEMENTS||||
|---|---|---|---|---|---|---|---|---|
||FOR THE|YEAR ENDED 31 DECEMBER 2022|||||||
||||||Page|2022|2021||
|6.|FIXEDASSET INVESTMENTS|||||||F|
||Investments
at market value comprise:||||||||
||Quoted investments|||||5,542,213|5,224,205||
||Total investment
assets||||10|F5,542,213|85,224,205||
||Quoted investments||||||||
||Market value at 1 January 2022|||||5,224,205|||
||Net investment
activity
Net (losses)/gains
on investment|activity||||844,709
(526,701)|5,107,892
116,313||
||Market value at 31December 2022|||||F5,542,213|f5,224,205||
||Net (losses)/ gains on investment
Net realised (losses)/gains
on sales||assets|||(297,375)||931|
||Net unrealised
(losses)/ gains on revaluation|||||(229,326)||115,382|
||Total net (losses)/ gains on investment|||assets||(F526,701)|F|116,313|
|||||||2022|2021||
|7.|CASH AT BANK|||||E||E|
||Handelsbanken|||||410,497||246,124|
||Sarasin 8 Partners
income
account|||||1,490|||
||Nucleus
investment
account|||||||12,265|
||||||10|411,987|F|258,389|
|||||||2022|2021||
|8.|CREDITORS - amounts
falling|due|within one year|||E||8|
||Grant commitments
due within one year (note 10)|||||80,000||50,000|
||Audit fees|||||4,500|||
||Accountancy
fees
Independent
examination
fees|||||3,630||2,400
1,800|
||||||10|F
88,130|F|54,200|
|||||||2022|2021||
|9.|CREDITORS - amounts
falling|due|beyond one year|||E||F.|
||Grant commitments
due in more|than|one|year (note 10)|10|F
80,000|L'|60,000|
##
##
##
##
##
##
##
##