| Page | |||
|---|---|---|---|
| Trustees Annual Report |
I —3 | ||
| Statement ofTrustees' | Responsibilities | ||
| Independent Examiners' |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 8-13 |
| )Vote | Unrestricted | Unrestricted | ||
|---|---|---|---|---|
| Funds | Funds | |||
| 2022 | 2021 | |||
| g | ||||
| Income and endowments | ||||
| Donations | 23,996 | 18,769 | ||
| Investment | income | 34,129 | 36,278 | |
| Total income | 58,125 | 55,047 | ||
| Expenditure | ||||
| Donations | 22,764 | 18,795 | ||
| Charitable expenditure |
30,308 | 27,821 | ||
| Total expenditure | 53,072 | 46,616 | ||
| Net income | 5,053 | 8,431 | ||
| Changes in | fair value ofinvestments | 8 | (115,219) | 37,320 |
| Net movement in funds |
(110,166) | 45,751 | ||
| Total funds | brought forward | 962,480 | 916,729 | |
| Total funds | carried forward | 852,314 | 962,480 |
| Unrestricted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | ||||||
| Note | 2022 | 2021 | |||||
| Fixed Assets | |||||||
| Invesnneuts | 759,209 | 869,581 | |||||
| Current Assets | |||||||
| Cash at bank | and in hand | 95,302 | 94,474 | ||||
| Debtors | 151 | ||||||
| 95,453 | 94,474 | ||||||
| Creditors: | Amounts | falling due | |||||
| within one year | (2,348) | (1,575) | |||||
| Net Current | Assets | 93,105 | 92,899 | ||||
| Total Assets | less Current | LiahiTities | 852,314 | 962,480 | |||
| Funds ofthe | Charity | ||||||
| Unrestricted | Reserves | 852,314 | 962,480 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 3. | Donations | ||||
| Donations | and subscriptions | 17,396 | 12,169 | ||
| Office contributions —Provincial | Grand Lodge ofCornwall | 6,600 | 6,600 | ||
| 23,996 | 18,769 | ||||
| 4. | Investment | income | |||
| Income from investments | 34,084 | 36,269 | |||
| Bank Interest | 45 | 9 | |||
| 34,129 | 36,278 |
| During | the | year | th | e Fund made | donations to |
local Charities | and Bodies as follo | ws: |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Cornwall | Blood Bikes | 1,000 | 1,000 | |||||
| Merlin MS Centre | 1,000 | 1,000 | ||||||
| Cornwall | Community | Foundation | 1,000 | 1,000 | ||||
| Cornwall | Air Ambulance | 1,000 | 1,000 | |||||
| Lifelites | 1,000 | 1,000 | ||||||
| MacMillan Cancer |
Care | 1,000 | 1,000 | |||||
| Marie Curie | 1,000 | 1,000 | ||||||
| Children's | Hospice | SW | 1,000 | 1,000 | ||||
| Cornwall | Hospice | Care | 1,000 | 1,000 | ||||
| National | Coastwatch | |||||||
| Charlestown | 300 | 0 | ||||||
| Gwennap | Head | 300 | 0 | |||||
| Boscastle | 300 | 0 | ||||||
| Cape Cornwall | 300 | 0 | ||||||
| Bass Point | 0 | 300 | ||||||
| Stepper Head | 0 | 300 | ||||||
| StAgnes | 0 | 300 | ||||||
| Disability | Comwall | 1,070 | 1,000 | |||||
| RNLI | ||||||||
| Padstow | 300 | 0 | ||||||
| Sennen | 300 | 0 | ||||||
| Lizard | 300 | 0 | ||||||
| StIves | 300 | 0 | ||||||
| Falmouth | 300 | 0 | ||||||
| Port Isaac | 0 | 300 | ||||||
| Looe | 0 | 300 | ||||||
| IsleofScilly | 0 | 300 | ||||||
| Newquay | 0 | 300 | ||||||
| StAgnes | 0 | 300 | ||||||
| PMS International | -Teddies for | |||||||
| Loving Care | 2,495 | 2,395 | ||||||
| Emergency grant donations |
500 | 0 | ||||||
| Sowena Appeal | 0 | 500 | ||||||
| Oasis Centre | 0 | 500 | ||||||
| Penhaligons Friends |
0 | 1,000 | ||||||
| East Cornwall | Search | Rescue | 0 | 500 | ||||
| Royal Cornwall | Hospital | 1,000 | 0 | |||||
| Biscuits Penwith | 0 | 500 | ||||||
| Cornwall | Food | Action | 0 | 1,000 |
| YMCA Penzanace | 500 | |||
|---|---|---|---|---|
| Georgia's Voice | 500 | |||
| Porthtowan Surf Lifesaving |
Club | 500 | ||
| Hayle Day Centre | 1,500 | |||
| Funeral Costs | 2,999 | |||
| 22,764 | 18,795 | |||
| 6. Charitable expenditure |
||||
| Staffcosts (note 7) | 8,461 | 8,150 | ||
| Rent and rates | 6,727 | 6,775 | ||
| Heat &light | 2,950 | 1,583 | ||
| Telephone tk internet | 1,627 | 1,317 | ||
| Computer costs | 75 | 75 | ||
| Hire ofequipment | 168 | |||
| Buffet and drinks | 600 | |||
| Repairs tk maintenance | 180 | |||
| Independent examiner's |
remuneration | 1,953 | 1,689 | |
| Portfolio management | fees | 7,747 | 8,052 | |
| 30,308 | 27,821 | |||
| 7. StaffCosts and Trustees' Remuneration | ||||
| Salaries | 8,461 | 8,150 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 8. | Investments | ||||||
| Fair value at beginning of | year | 824,862 | 805,410 | ||||
| Additions | 108,955 | 33,224 | |||||
| Disposals | (105,601) | (51,092) | |||||
| Change in fair value | (115,219) | 37,320 | |||||
| Fair value at end ofyear | 712,997 | 824,862 | |||||
| Fair value ofInvestments | (as above) | 712,997 | 824,862 | ||||
| Cash held in portfolio | 46,212 | 44,719 | |||||
| Total Investments | 759,209 | 869,581 | |||||
| Investments | at market value comprised: | ||||||
| 2022 | 2021 | ||||||
| UK Fixed interest securities | (22%) | / | (24%) | 165,437 | 203,445 | ||
| UK Equities | (15%)/ | (15%) | 111,514 | 133,959 | |||
| Overseas Equities and Funds | (31%)/ | (36%) | 238,153 | 316,087 | |||
| Other investments | (26%) | / | (20%) | 197,893 | 171,371 | ||
| Cash | (6%) | / (5%) | 46,212 | 44,719 | |||
| 759,209 | 869,581 |
| Cash at bank and in band | Cash at bank and in band | ||
|---|---|---|---|
| Instant Access Account | 91,558 | 91,687 | |
| Treasurers | Account | 3,744 | 2,787 |
| 95,302 | 94,474 |
| 2022 | 2021 | |
|---|---|---|
| 10.Debtors | ||
| Due within one year:- | ||
| Prepayments | 151 | |
| 2022 | 2021 | |
| g | ||
| 11.Creditors | ||
| Due within one year:— | ||
| Accruals and deferred income | 2,348 | 1,575 |