| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | ||
| Trustees' Report |
2-9 | ||
| Independent Auditors' |
Report | on the Financial Statements | 10-13 |
| Statement of Financial | Activities | 14 | |
| Balance Sheet | 15 | ||
| Notes tothe Financial | Statements | 16-22 |
| Trustees | Andrew Elder, |
Chair | Chair | ||||
|---|---|---|---|---|---|---|---|
| Lindsay Elder | |||||||
| Thomas Elder | |||||||
| Geoff Stead | |||||||
| Charity registered | |||||||
| number | 1176650 | ||||||
| Principal office | 13Hammersmith | Terrace | |||||
| London | |||||||
| W6 9TS | |||||||
| Independent | auditors | Warrener Stewart | |||||
| Chartered Accountants |
|||||||
| Registered Auditors |
|||||||
| Harwood House |
|||||||
| 43 Harwood Road |
|||||||
| London | |||||||
| SW6 4QP | |||||||
| Bankers | SG Kleinwort | Hambros | Bank (Cl) | Limited | |||
| SG Hambros | House | ||||||
| 18Esplanade | |||||||
| St Helier | |||||||
| Jersey | |||||||
| JE48PR | |||||||
| Stockbrokers | Genesis Investment | Management | LLP | ||||
| 21 Grosvenor | Place | ||||||
| London | |||||||
| Sw1x 7HU |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| Note | 2022 E |
2022f | 2021 | |||
| Income from: | ||||||
| Investments | 368,032 | 368,032 | 5,350 | |||
| Total income | 368,032 | 368,032 | 5,350 | |||
| Expenditure on: |
||||||
| Charitable activities |
360,652 | 360,652 | 262,641 | |||
| Total expenditure | 360,652 | 360,652 | 262,641 | |||
| Net income/(expenditure) | before net (losses)/gains | |||||
| on investments | 7,380 | 7,380 | (257,291) | |||
| Net (losses)/gains | on investments | (644,307) | (644,307) | 1,095,840 | ||
| Net movement in |
funds | (636,927) | (636,927) | 839,549 | ||
| Reconciliation of |
funds: | |||||
| Total funds brought | forward | 6,625,254 | 6,625,254 | 5,785,705 | ||
| Net movement in funds |
(636,927) | (636,927) | 839,549 | |||
| Total funds carried forward | 5,988,327 | 5,988,327 | 6,625,254 |
| Note | 2022 8 |
2021f | |||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Investments | 3,656,101 | 3,030,289 | |||||
| 3,656,101 | 3,030,289 | ||||||
| Current assets | |||||||
| Cash at bank | and in | hand | 2,450,200 | 3,600,005 | |||
| 2,460,200 | 3,600,005 | ||||||
| Creditors: amounts | felling due within one | ||||||
| year | 8 | (117,974) | (5,040) | ||||
| Net current | assets | 2,332&226 | 3,594,965 | ||||
| Total net assets | 5,988,327 | 6,625,254 | |||||
| Charity funds | |||||||
| Restricted funds | |||||||
| Unrestricted | funds | 5,988,327 | 6,625,254 | ||||
| Total funds | 5,988,327 | 6,625,254 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| 6 | 6 | ||
| Bank | interest | 6,120 | 6,120 |
| Gain | on short term investments | 361,912 | 361,912 |
| 368,032 | 368,032 |
| Unrestri cted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021f | 2021 | ||
| Bank | interest | 5,350 | 5,350 |
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| 2022 | 2022 | ||
| 6 | 6 | ||
| Grants made | 308,655 | 306,655 | |
| Audit fee | 5,400 | 5,400 | |
| Bank charges | 72 | 72 | |
| Loss on foreign exchange | 46,525 | 46,525 | |
| Total 2022 | 360,652 | 360,652 | |
| Unrestricted | |||
| funds | Total | ||
| 2021 | 2021 | ||
| Grants made | 158,054 | 158,054 | |
| Audit fee | 5,040 | 5,040 | |
| Bank charges | 180 | 180 | |
| investment | transaction fees | 4,824 | 4,824 |
| Loss on foreign exchange | 94,543 | 94,543 | |
| Total 2021 | 262,641 | 262,641 |
| Listed | |
|---|---|
| investments | |
| 6 | |
| Cost or valuation | |
| At 1 July 2021 | 3,030,289 |
| Additions | 1,270,119 |
| Revaluations | (644,307) |
| At 30June 2022 | 3,656,101 |
| Net book value | |
| At 30June 2022 | 3,656,101 |
| At30June 2021 | 3,030,289 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| Accruals | and | deferred | income | 117,974 | 5,040 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 30June | |||||
| July 2021f | Income f |
Expenditure | f | (Losses) f |
2022 f |
||
| General | funds | 6,625,254 | 368,032 | (360,652) | (644,307) | 5,988,327 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance st | Gainer | 30June | ||||
| 1Ju/y 2020 | Income | Expendituref | (Losses) | 2021 | ||
| General | funds | 5,785,705 | 5,350 | (262,641) | 1,096,840 | 6,625,254 |
| Analysis of net assets between funds - current ye | ar | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2022f | 2022f | |
| Fixed asset investments | 3,656,101 | 3,856,101 |
| Current assets | 2,450,200 | 2,450,200 |
| Creditors due within one year | (117,974) | (117,974) |
| Total | 5,988,327 | 5,988,327 |
| Analysis ofnet assets between funds - prior year | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2021 | 2021 | |
| Fixed asset investments | 3,030,289 | 3,030,289 |
| Current assets | 3,600,005 | 3,600,005 |
| Creditors due within one year | (5,040) | (5,040) |
| 6,625,254 | 6,625,254 |