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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'<br>Report|||2-9|
|Independent<br>Auditors'|Report|on the Financial Statements|10-13|
|Statement ofFinancial|Activities||14|
|Balance Sheet|||15|
|Notes to the Financial|Statements||16-22|





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|Trustees|||Andrew<br>Elder,|Chair|Chair||||
|---|---|---|---|---|---|---|---|---|
||||Lindsay Elder||||||
||||Thomas<br>Elder||||||
||||Geoff Stead||||||
|Charity|registered||||||||
|number|||1176650||||||
|Principal|office||13Hammersmith||Terrace||||
||||London||||||
||||W6 9TS||||||
|Independent||auditors|Warrener<br>Stewart||||||
||||Chartered<br>Accountants||||||
||||Registered<br>Auditors||||||
||||Harwood<br>House||||||
||||43 Harwood<br>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||||||





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||||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<br>on:||||||
|Charitable<br>activities||4|560,850|560,850|360,652|
|Total expenditure|||560,850|560,850|360,652|
|Net (expenditure)/income<br>Investments|before net losses on||(505,890)|(505,890)|7,380|
|Net losses on investments|||(78,557)|(78,557)|(644,307)|
|Net movement<br>in funds|||(584,447)|(584,447)|(636,927)|
|Reconciliation<br>offunds:||||||
|Total funds<br>brought<br>forward|||5,988,327|5,988,327|6,625, 254|
|Net movement<br>in funds|||(584,447)|(584,447)|(636,927)|
|Total funds carried forward|||5,403,880|5,403,880|5,988,327|





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|||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|





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||||Unrestncted||
|---|---|---|---|---|
||||funds|Total|
||||2023f|2023f|
|Grants made|||429,348|429,348|
|Investment<br>transaction||fees|10,632|10,632|
|Audit fee|||5,400|5,400|
|Legal and professional<br>fees<br>Bank charges<br>Bank interest<br>payable<br>Loss on foreign exchange|||180<br>465<br>44<br>42,395|180<br>465<br>44<br>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<br>Loss on foreign exchange|||72<br>46,525|72<br>46,525|
|Total 2022|||360,652|360,652|



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|7.|Fixed asset Investments||
|---|---|---|
|||Listed|
|||investmentsf|
||Cost or valuation||
||At 1 July 2022<br>Additions|3,656,101<br>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|



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|2023|2022f|
|---|---|
|5,400|117,974|





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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1|||Gains)|30June|
|||July 2022f|Income<br>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|





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|Analysis of net assets between<br>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|



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|Analysis<br>of net assets between<br>funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2022f|2022<br>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|