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|||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|
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||||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|
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|||||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|
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|||||||||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||||||||||
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|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|
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|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|
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||||2023
f|2022f|
|---|---|---|---|---|
|Auditors'|remuneration|—audit|6,000|6,000|
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||||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|
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|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||||||||
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|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|
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