| Page | ||
|---|---|---|
| Trustees and Professional Advisors |
||
| Trustees' Report |
2-4 | |
| Independent Auditor's |
Report | 5-8 |
| Statement offinancial |
activities | |
| Balance Sheet | 10 | |
| Statement ofcash flows |
||
| Notes to the financial | statements | 12-18 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| Note | 2023 | 2022f | ||
| income from: | ||||
| Investments | 1,370,662 | 504,344 | ||
| 1,370,662 | 504,344 | |||
| Expenditure on: |
||||
| Donations | 1,100,000 | 5,747,500 | ||
| Other expenditure | 362,251 | 82,880 | ||
| Total expenditure | 1,462,251 | 5,830,380 | ||
| Net operating expenditure |
(91,589) | (5,326,036) | ||
| Loss on disposal of investments | (302,716) | (235,889) | ||
| Exchange gains | 8,076,050 | 5,271,31 1 | ||
| Revaluation of investments |
3,460,215 | |||
| Net movement in funds |
11,141,960 | (290,614) | ||
| Reconciliation offunds: |
||||
| Total funds brought | forward | 7 | 119,692,355 | 119,982,969 |
| Total funds carried forward | 130,834,315 | 119,692,355 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | E | 8 | |||
| FIXEDASSETS | |||||
| Investments | 121,747,660 | ||||
| CURRENT ASSETS | |||||
| Cash at bank and | in hand | 9,177,820 | 119,729,765 | ||
| 9,177,820 | 119,729,765 | ||||
| CREDITORS: amounts | falling due within one | 6 | 91,165 | 37,410 | |
| year | |||||
| NET CURRENT ASSETS | 9,086,655 | 119,692,355 | |||
| NET ASSETS | 130,834,315 | 119,692,355 | |||
| CHARITYFUNDS | |||||
| Unrestricted funds |
130,834,315 | 119,692,355 | |||
| TOTAL CHARITY | FUNDS | 130,834,315 | 119,692,355 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | E | 8 | |||||||
| CASH FLOWS | FROM OPERATING ACTIVITIES | ||||||||
| Net cash | provided | by operating | activities | (1,408,496) | 107,526,851 | ||||
| Investment | income | 1,370,662 | 504,344 | ||||||
| Net investment | activity | (110,514,111) | |||||||
| CHANGE | IN CASH LCASH EQUIVALENT | IN THE | |||||||
| YEAR | 110,551,945 | 108,031,195 | |||||||
| Cash and | cash | equivalents | brought forward | 119,729,765 | 11,698,570 | ||||
| CASH AND CASH | EQUIVALENTS CARRIED | 9,177,820 | 119,729,765 | ||||||
| FORWARD |
| Donations | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 8 | |||||
| Oxford University | Hospitals | Foundation | Trust | 750,000 | 1,500,000 |
| Great Ormond Street Hospital |
200,000 | 50,000 | |||
| English Heritage | 150,000 | 150,000 | |||
| Children's HIV Association |
4,000,000 | ||||
| Edinburgh International Book Festival |
18,000 | ||||
| Royal Society of | Literature | 4,500 | |||
| Cobbe Collection | Trust | 25,000 | |||
| 1,100,000 | 5,745,500 |
| Other expe | nditure | |||||||
|---|---|---|---|---|---|---|---|---|
| Total | Charities | Raising | Total | |||||
| 2023 f |
Activities f |
fund | Other f |
2022 f |
||||
| ~Srt | ||||||||
| Auditor's fees | 6,000 | 6,000 | 6,000 | |||||
| Professional | 54,858 | 54,858 | 67,129 | |||||
| Other | 742 | 742 | - | 557 | ||||
| Investment | management | fees | 266,831 | 266,831 | ||||
| 328,431 | 60,858 | 267,573 | - | 73,686 | ||||
| Other costs | ||||||||
| Legacy repayments | (see | 1.10 | 33,820 | 33,820 | 9,194 | |||
| page 15) | ||||||||
| 362,251 | 94,678 | 267,573 | - | 82,880 |
| 2023 f |
2022f | |||
|---|---|---|---|---|
| Auditors' | remuneration | —audit | 6,000 | 6,000 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| 5 | 6 | |||
| Market Value 1.4.22 | ||||
| Investments | in the period | 122,402,104 | ||
| Currency movements |
and revaluations | (1,542,839) | ||
| Net income | generated | 1,191,111 | ||
| Losses on | disposal | (302,716) | ||
| 121,747,660 | ||||
| Investment | breakdown: | |||
| US Equities | 48,165,716 | |||
| UK Equities | 25,751,155 | |||
| Fixed interest securities | 33,654,537 | |||
| Alternatives | 1,765,552 | |||
| Cash &cash equivalent | 12,410,700 | |||
| 121,747,660 |
| 2023f | 2022 5 |
|||
|---|---|---|---|---|
| Professional | fees | 25,165 | 37,410 | |
| Investment | management | fees | 66,000 | |
| 91,165 | 37,410 |
| Statemen | t offunds | ||||||
|---|---|---|---|---|---|---|---|
| Gainsl | Balance | ||||||
| Balance | at | (Losses) | at 31.3.23 | ||||
| 6.4.22 | Income | Expenditure | Revaluation | ||||
| E | E | E | E | ||||
| General | funds- | 119,692,355 | 1,370,662 | (1,462,251) | 11,233,549 | 130,834,315 | |
| all funds | |||||||
| Statement offunds | —prior year | ||||||
| Balance | at | Gains/ | Balance | ||||
| 1.4.21 | Income | Expenditure | (Losses) | at 31.3.22 | |||
| E | E | E | E | E | |||
| General | funds- | 119,982,969 | 504,344 | (5,830,380) | 5,035,422 | 119,692,355 | |
| all funds |
| Reconcilia | tion ofnet movement in funds to net cash f |
low from operating | activities |
|---|---|---|---|
| 2023 | 2022 | ||
| E | E | ||
| Nel movement in funds for the year (as per Statement |
|||
| of Financial Activities) | 11,141,960 | (290,614) | |
| Decrease | in debtors | 108,314,399 | |
| Increase in creditors |
53,755 | 7,410 | |
| Investment | income | (1,370,662) | (504,344) |
| Investment | gains | (11,233,549) | |
| 1,408,496 | 107,526,851 |