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||CONTENTS||
|---|---|---|
|||Page|
|Reference and Administrative
Information|||
|Directors' Report||2-5|
|Directors' Responsibilities
Statement|||
|Independent
Examiner's
Report||7-8|
|Statement of Financial Activities|||
|Statement of Financial Position||10-11|
|Cashflow Statement||12|
|Notes to the Financial Statements||13-22|
||||REFERENCE|AND ADMINISTRATIVE|INFORMATION|
|---|---|---|---|---|---|
|Directors|||Antonio Belsito, Chairperson|||
||||Joseph O'Reilly (appointed 25 March 2022)|||
||||Patrick Pierce|(resigned 25 March 2022)||
||||Peter Mullen|||
||||Chris Fuse|||
|Company||registered||||
|number|||10779496|||
|Charity registered||||||
|number|||1178409|||
|Registered||office|200 Leeming
Lane North
Mansfield
Woodhouse|||
||||Mansfield|||
||||Nottinghamshire|||
||||NG19 9EX|||
|Company||secretary|L&P Trustee Services Limited|||
||||23StStephen's
Green|||
||||Dublin 2|||
||||Ireland|||
|Accountant|||RBK Business|Advisers||
||||Termini|||
||||3Arkle Road|||
||||Ssndyford|||
||||Dublin 18|||
|Principal|bankers||Royal Bank ofScotland|||
||||South West RCSC|||
||||740Waterside|Drive||
||||Aztec west|||
||||Almondsbury|||
||||Newport|||
||||BS995BD|||
|Investment||advisers|Barclays|||
||||1 Churchill Place|||
||||Canary Wharf|||
||||London|||
||||E145HP|||
|Date ofincorporation|||19May 2017|||
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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2022|2022|2021|
|||||Note|6|||
|Income from:||||||||
|Donations||||3|||216,551|
|Investments||||4|43,293|43,293|38,834|
|Other income||||5|150|150||
|Total income|||||43,443|43,443|255,385|
|Expenditure
on:||||||||
|Raising funds|||||4,551|4,551|4,581|
|Charitable
activities|||||53,266|53,266|56,653|
|Total expenditure|||||57,817|57,817|61,244|
|Net (expenditure)/income|||before net (losses)/gains|||||
|on investments|||||(14,374)|(14,374)|194,141|
|Net (losses)/gains||on investments||10|(168,078)|(168,078)|140,457|
|Net movement|in|funds|||(182,452)|(182,452)|334,598|
|Reconciliation|of|funds:||||||
|Total funds brought||forward||13|1,866,855|1,866,855|1,532,257|
|Net movement|in funds (see above)||||(182,452)|(182,452)|334,598|
|Total funds carried forward||||13|1,684,403|1,684,403|1,865,855|
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|||STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS||||
|---|---|---|---|---|---|---|
|||FOR THE YEAR ENDED 31DECEMBER||2022|||
||||||2022|2021|
|||||Note|||
|Cash flows from operating||activities|||||
|Net cash (used in)/provided||by operating
activities||15|(45,283)|167,160|
|Cash flows from investing||activities|||||
|Dividends
and interest from||investments||4|43,293|38,834|
|Purchase oftangible fixed assets||||||(216,552)|
|Net cash provided
by/(used||in) investing|activities||43,293|(177,718)|
|Cash flows from financing||activities|||||
|Net cash provided
by financing
activities|||||||
|Change
in cash and cash|equivalents
in||the year||(1,990)|(10,558)|
|Cash and cash equivalents|atthe beginning||ofthe year|16|49,913|60,471|
|Cash and cash equivalents||at the end ofthe year|||47,923|49,913|
|The notes on pages 13to 22 form part ofthese financial statements|||||||
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|Expenditur|e
on raising|funds|||
|---|---|---|---|---|
||||2022|2021|
|||||F|
|Investment|management|fees|4,551|4,851|
||||4,551|4,851|
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|Expenditure
on charitable
activities|||
|---|---|---|
||2022|2021|
||6|5|
|Donations||4,815|
|Support costs|50,658|43,472|
|Governance costs|2,608|8,376|
||53,266|56,663|
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||2022|2021|
|---|---|---|
||6||
|Gross wages|9,915|7,410|
|Social security costs|108|236|
|Pension costs|832|603|
||10,855|8,249|
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||||Freehold|Motor||
|---|---|---|---|---|---|
||||property|vehicles|Total|
||Cost orvaluation|||||
||At 1 January 2022||214,118|2,434|216,552|
||At 31 December 2022||214,118|2,434|216,552|
||Depreciation|||||
||At 1 January 2022||4,282|2/34|6,716|
||Charge for the year||4,282||4,282|
||At 31 December 2022||8,564||10,998|
||Net book value|||||
||At 31 December 2022||205,554||205,554|
||At 31 December 2021||209,836||209,836|
|10.|Fixed asset investment|||||
|||||2022
E|2021
f|
||Market value|||||
||Market value at 1 January|||1,609,662|1,473,786|
||Net movement
during|the year||(4,552)|(4,581)|
||Realised &unrealised|(losses)/gains||(168,078)|140,457|
||Market value at 31December|||1,437,032|1,609,662|
|11.|Creditors: Amounts|falling due within one year||||
|||||2022|2021|
||||||E|
||Accruals|||6,106|2,556|
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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||31|
|||January|||Gainsl|December|
|||2022|Income|Expenditure|(Losses)|2022|
||||F|||6|
|Unrestricted|funds||||||
|General Funds||1,866,855|43,443|(57,817)|(168,078)|1,684,403|
|Statement a|nd summary
|offunds - prior year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at||||31|
|||1 January|||Gains/|December|
|||2021|Income|Expenditure|(Losses)|2021|
|||5||6|6|F|
|Unrestricted|funds||||||
|General Funds||1,532,257|255,385|(61,244)|140,457|1,866,855|
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|Analysis ofnet assets between
funds - current ye|ar||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2022|2022|
||K||
|Tangible fixed assets|205,554|205,554|
|Fixed asset investments|1,437,032|1,437,032|
|Current assets|47,923|47,923|
|Creditors due within one year|(6,106)|(6,106)|
|Total|1,684,403|1,684,403|
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|Analysis ofnet assets between funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2021|2021|
||9||
|Tangible fixed assets|209,836|209,836|
|Fixed asset investments|1,609,662|1,609,662|
|Current assets|49,913|49,913|
|Creditors due within one year|(2,556)|(2,556)|
||1,866,855|1,866,855|
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|15.|Reconciliation
ofnet|m|ovem|ent|in funds t|o net|cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
||||||||||5|6|
||Net
(expenditure)/income||for the||year (as|per|Statement|of Financial|||
||Activities)||||||||(182,452)|334,598|
||Adjustments
for:||||||||||
||Investment
income||||||||(43,283)|(38,834)|
||Investment
management||fee||||||4,552|4,581|
||Depreciation:
Motor|||||||||2,434|
||Depreciation:
Property||||||||4,282|4,282|
||Increase on creditors||||||||3,550|556|
||Loss/(gain)
on investment||||||||168,078|(140,457)|
||Net cash (used in)/generated|||by|operating|activities|||(45,283)|167,160|
|16.|Analysis ofcash and|cash equivalents|||||||||
||||||||||2022f|2021|
||Cash at bank and in hand||||||||47,923|49,913|
||Total cash and cash|equivalents|||||||47,923|49,913|
|17.|Analysis ofchanges|in|net debt||||||||
|||||||At 1||At 31|
|---|---|---|---|---|---|---|---|---|
|||||||January||December|
|||||||2022|Cash flows|2022|
||||||||5|6|
|Cash|at|bank|and|in|hand|49,913|(1,990)|47,923|
|||||||49,913|(1,890)|47,923|
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