| 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 ofFinancial | Activities | 14 | |
| Balance Sheet | 15 | ||
| Notes to the 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 | ||||||||
| JE4 8PR | ||||||||
| Stockbrokers | Genesis Investment | Management | LLP | |||||
| 21 Grosvenor | Place | |||||||
| London | ||||||||
| Swtx 7HU |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| Note | 2023f | 2023f | 2022f | ||
| Income from: | |||||
| Investments | 54,960 | 54,960 | 366,032 | ||
| Total income | 54,960 | 54,960 | 368,032 | ||
| Expenditure on: |
|||||
| Charitable activities |
4 | 560,850 | 560,850 | 360,652 | |
| Total expenditure | 560,850 | 560,850 | 360,652 | ||
| Net (expenditure)/income Investments |
before net losses on | (505,890) | (505,890) | 7,380 | |
| Net losses on investments | (78,557) | (78,557) | (644,307) | ||
| Net movement in funds |
(584,447) | (584,447) | (636,927) | ||
| Reconciliation offunds: |
|||||
| Total funds brought forward |
5,988,327 | 5,988,327 | 6,625, 254 | ||
| Net movement in funds |
(584,447) | (584,447) | (636,927) | ||
| Total funds carried forward | 5,403,880 | 5,403,880 | 5,988,327 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2023f | 2023f | ||
| Bank interest | 54,960 | 54,960 | |
| Unrestricted | Total | ||
| funds | funds | ||
| 2022 | 2022f | ||
| Bank interest | 6,120 | 6,120 | |
| Investment | income - foreign cash | 361,912 | 361,912 |
| 368,032 | 368,032 |
| Unrestncted | ||||
|---|---|---|---|---|
| funds | Total | |||
| 2023f | 2023f | |||
| Grants made | 429,348 | 429,348 | ||
| Investment transaction |
fees | 10,632 | 10,632 | |
| Audit fee | 5,400 | 5,400 | ||
| Legal and professional fees Bank charges Bank interest payable Loss on foreign exchange |
180 465 44 42,395 |
180 465 44 42,395 |
||
| Loss on short | term investments | 72,386 | 72,386 | |
| Total 2023 | 560,850 | 560,850 | ||
| Unrestricted | ||||
| funds | Total | |||
| 2022 | 2022 | |||
| E | E | |||
| Grants made | 308,655 | 306,655 | ||
| Audit fee | 5,400 | 5,400 | ||
| Bank charges Loss on foreign exchange |
72 46,525 |
72 46,525 |
||
| Total 2022 | 360,652 | 360,652 |
| 7. | Fixed asset Investments | |
|---|---|---|
| Listed | ||
| investmentsf | ||
| Cost or valuation | ||
| At 1 July 2022 Additions |
3,656,101 3,155,644 |
|
| Disposals | (2,289,695) | |
| Revaluations | (191,098) | |
| At 30June 2023 | 4,330,952 | |
| Net book value | ||
| At 30June 2023 | 4,330,952 | |
| At 30June 2022 | 3,656, 101 |
| 2023 | 2022f |
|---|---|
| 5,400 | 117,974 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Gains) | 30June | ||||
| July 2022f | Income f |
Expenditure | (Losses) | 2023f | ||
| General | funds | 5,988,327 | 54,960 | (560,850) | (78,557) | 5,403,880 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | Gainer' | 30June | ||||
| 1 July 2021f | Income | Expendituref | (Losses) | 2022f | ||
| General | funds | 6,625,254 | 368,032 | (360,652) | (644,307) | 5,988,327 |
| Analysis of net assets between funds - current ye |
ar | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2023 | 2023 | |
| 8 | ||
| Fixed asset investments | 4,330,952 | 4,330,952 |
| Current assets | 1,078,328 | 1,078,328 |
| Creditors due within one year | (5,400) | (5,400) |
| Ttl | 5,403,880 | 5,403,880 |
| Analysis of net assets between funds - prior year |
||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2022f | 2022 6 |
|
| Fixed asset investments | 3,656,101 | 3,656,101 |
| Current assets | 2,450,200 | 2 450,200 |
| Creditors due within one year | (117,974) | (117,974) |
| 5,988,327 | 5,988,327 |