| CONTENTS | PAGE | ||
|---|---|---|---|
| OKcers and professional | advisors | ||
| Directors' report |
|||
| Independent examiner's |
report | ||
| Statement ofFinancial | Activities | ||
| Balance sheet | |||
| Statement ofcashflows | |||
| Analysis ofnet debt | 10 | ||
| Notes tothe financial | statements |
| Directors | CE Bailey | |
|---|---|---|
| CRGreenslade | ||
| JC Wilcox | ||
| Registered | of6ce | Turner +Partners LLP |
| 24 James Street West | ||
| Bath | ||
| BAl 2BT | ||
| Accountants | Turner + Partners LLP | |
| 24 James Street West | ||
| Bath | ||
| BA!28T | ||
| Independent | Kxatniner | Winchester Bourne Ltd |
| Sullivan Court | ||
| Wessex Way | ||
| Colden Common | ||
| SO21 IWP |
| YEAR ENDED | 5APRIL 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted Funds |
Total Funds year to 5th |
Total Funds year to 5th |
|||
| April 20Z3 | April 2022 | ||||
| Note | |||||
| INCOME FROM | |||||
| Income from investments | 69,325 | 69/25 | 48,117 | ||
| Donations | 179,763 | ||||
| Total income | 69,325 | 69@25 | 227,880 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
125,000 | 125,000 | 250,000 | ||
| Support costs | 16,932 | 16932 | 17,055 | ||
| Total expenditure | {141,932) | (141,932) | (267,055) | ||
| Net (losses)/gains oa investments |
233,259 | 233/59 | 456,391 | ||
| Net (losses)/gains on foreign exchange |
{49+45} | (49+45) | 5,155 | ||
| Net interest paid | (144) | ||||
| NET INCOME BEFORETAX | 111,407 | 111,407 | 422,227 | ||
| Overseas tax deducted | at source | ~3906 | ~PII6L | ~1202 | |
| NET INCOME AFTER TAX | 107501 | ~307 01 | 421 025 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward |
5 170255 | ~5.270 5 |
4749230 | ||
| Total funds carried forward | 5,277,756 | ~577,756 | 5,170355 |
| AT 5APR | IL 2023 | ||||||
|---|---|---|---|---|---|---|---|
| 5th April | 5th April | ||||||
| Note | 2023f | 2022 f. |
|||||
| FIXEDASSETS | |||||||
| Investments | 2,953,441 | 3,667,933 | |||||
| CURRENT | ASSETS | ||||||
| Prepayments | and accrued income | 173,093 | 173,093 | ||||
| Cash at bank | 2 159917 | 1 363 169 | |||||
| 2,333,010 | 1,536,262 | ||||||
| CURRENT | LIABILITIES | ||||||
| Creditors - falling due within one year | 8 | (8,695) | (33,940) | ||||
| NET CURRENT ASSETS | ~226 | 15 | 1 302 322 | ||||
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 5,277,756 | 5,170,255 | ||||
| NET ASSETS | 5 277 | 756 | 5 170265 | ||||
| FUNDS | |||||||
| Unrestricted | ~577 | 756 | 3 170,255 | ||||
| ~577 | 756 | 5170255 |
| Year to 5 | Year to 5 | |
|---|---|---|
| April 2023 | April 2022 | |
| CASHFLOWS FROM OPERATING ACTIVITIES | ||
| Profit for the financial year | 107/01 | 421,025 |
| Adjustments for |
||
| (Loss)/profit from sale ofinvestments |
164+l5 | 31,097 |
| Interest received | (7,260) | (3,042) |
| Decrease/(increase) in debtors |
(34,485) | |
| Increase/(decrease) in creditors |
(25,245) | (40,605) |
| Revaluation loss/(gain) ofinvestments |
(233/59) | (456,391) |
| NET CASH GENERATED FROM OPERATING ACTIVITIES | 6 82 | 82401 |
| CASHFLOWS FROM INVESTING ACTIVITIES | ||
| Purchase ofinvestments | (560+82) | (398,020) |
| Proceeds on disposal ofinvestments | 1/43,788 | 1,278,162 |
| Interest received | 3,042 | |
| NET CASH GENERATED IN INVESTING ACTIVITIES | 790466 | 883 184 |
| CASHFLOWS FROM FINANCING ACTIVITIES | ||
| Loans repaid | (1,000,000) | |
| NET CASH GENERATED/(USED) IN FINANCING | ||
| ACTIVITIES | 1000000 | |
| (DECREASE)/INCREASE IN CASH AND CASH |
||
| EQUIVALENTS | 796,748 | (199/17) |
| Cash at the beginning ofthe period | 1@63,169 | 1,562,386 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | 2159 17 | I 363 169 |
| At 6 April | Cash | At 5April | ||||||
|---|---|---|---|---|---|---|---|---|
| Cash | at | bank | and | in | hand | 2022 1,363,169 |
flows 796,748 |
2023f 2,159„917 |
| 1@63,169 | 796,748 | 2,159,917 |
| 3. | INCOME | ||||||
|---|---|---|---|---|---|---|---|
| Year to 5th | Year to 5th | ||||||
| April 2023 | April 2022 | ||||||
| f | f | ||||||
| Donations received |
179,763 | ||||||
| Dividend income |
61,921 | 45,075 | |||||
| Bank interest received | 7460 | 3,042 | |||||
| 69@25 | 227880 | ||||||
| 4. | CHARITABLE ACTIVITIES | ||||||
| During the | year, the | following donatious | Year to 5th | Year to 5th | |||
| were made; | April 2023 | April 2022 | |||||
| Big Change | Charitable | Trust | 50,000 | 75,000 | |||
| Barking tk Dagenham | Youth Zone | 25,000 | 25,000 | ||||
| The Amber | Foundation | 25,000 | 25,000 | ||||
| The Prince's | Foundation | 15,000 | 25,000 | ||||
| Power ofParenting | 10,000 | 10,000 | |||||
| Polka Childrens Theatre |
Limited | 80,000 | |||||
| Catch 22 Charity Limited | 10,000 | ||||||
| 125,000 | 250,000 | ||||||
| 5. | SUPPORT | COSTS | |||||
| Year to 5th | Year to 5th | ||||||
| April 2023 | Apri1 2022 | ||||||
| f | |||||||
| Management | fees | 5,401 | 7,095 | ||||
| Accountancy | fees | 4,896 | 6,580 | ||||
| Independent | examiner | fee | 3,930 | ||||
| Legal Ecprofessional | fees | 2,460 | (4,325) | ||||
| Insurance | 525 | 490 | |||||
| Admin fees | 310 | ||||||
| Bank charges | 10 | 16 | |||||
| Audit fee - statutory | audit | (600) | 4,800 | ||||
| Promotional | costs | 2,400 | |||||
| 16@32 | 17,055 |
| Year to 5 | Year to | ||
|---|---|---|---|
| April 2023 | 5April 2022 | ||
| Analysis ofmovement on |
|||
| investments | during the year | ||
| Market value | brought forward | 3,667,933 | 4,122,781 |
| Additions at |
cost | 560,582 | 398,020 |
| Disposals at | carrying value | (1@43,788) | (1,278,162) |
| Net (loss)/gain on revaluation |
68,714 | 425,294 | |
| Market value | carried forward | 2,953,441 | 3,667,933 |
| REDITORS - FALLING DUE WITHIN | ONE YEAR | |
|---|---|---|
| 2023 | 2022 | |
| Accruals | 8,695 | 8,940 |
| Other creditors | 25,000 | |
| 8,695 | 33,940 |
| Uarestrlcted Funds |
|||
|---|---|---|---|
| General funds | 2023 | 2022 | |
| Brought forward | 57170/55 | 4,749/30 | |
| Income | 69,325 | 227,880 | |
| Expenditure | (141,932) | {267,055) | |
| Net (losses)/gains | 184,014 | 461,546 | |
| Net interest paid | (144) | ||
| Overseas tax deducted | at source | {3,906) | (1,202) |
| Carried forward | 5 277756 | 5.170255 |