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2023-12-31-accounts
| Reports |
|
| Referenceandadministrativedetails |
|
| ofthecharity,itstrusteesandadvisers |
1 |
| Trustees'report |
3 |
| Independentauditor'sreport |
19 |
| Accounts |
|
| Statementoffinancialactivities |
23 |
| Balancesheet |
24 |
| Statementofcashflows |
25 |
| Principalaccountingpolicies |
26 |
| Notestotheaccounts |
32 |
| Trustees |
RevPeterCorcoran |
|
RevKevinDuffy |
|
RevDesmondHanrahan |
|
RevIvanVodopivec |
|
RevAlanWilliams |
| NationalAdministrator |
RevIvanVodopivec |
| Charity Correspondentand |
MrsMargaretStevenson |
| ChiefFinanceOfficer |
margaret@maristfathers.karoo.co.uk |
| Administrationoffice |
NewmanHouse |
|
729BeverleyRoad |
|
Hull |
|
HU67ER |
| Telephone |
01482801360 |
| Charityregistrationnumber |
1179085 |
| Auditor |
BuzzacottLLP |
|
130WoodStreet |
|
London |
|
EC2V6DL |
| Principalbankers |
HSBCBankplc |
|
WestEndCommercialCentre |
|
70PallMall |
|
London |
|
SW1Y5EY |
| Investmentmanagers |
QuilterCheviotLimited |
|
SenatorHouse |
|
85QueenVictoriaStreet |
|
London |
|
EC4V4AB |
|
|
|
|
Yearto31 |
|
|
Yearto31 |
|
|
|
|
December |
|
|
December |
|
|
Unrestricted |
Restricted |
2023 |
Unrestricted |
Restricted |
2022 |
|
|
funds |
funds |
Totalfunds |
funds |
funds |
Totalfunds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
£ |
| Incomefrom: |
|
|
|
|
|
|
|
| Donationsandlegacies |
1 |
297,675 |
43,636 |
341,311 |
293,860 |
27,736 |
321,596 |
| Investmentsandinterestreceivable |
2 |
615,332 |
- |
615,332 |
371,922 |
- |
371,922 |
| OtherIncome |
3 |
764 |
— |
764 |
78,465 |
|
78,465 |
| Disposaloftangiblefixedassets |
4 |
258 |
- |
258 |
1,200 |
|
1,200 |
|
|
914,029 |
43,636 |
957,665 |
745,447 |
27,736 |
773,183 |
| ProceedsfromthedisposalofSt. |
|
|
|
|
|
|
|
| Mary'sCollegeSiteBlackburn |
5 |
|
|
- |
5,300,000 |
|
5,300,000 |
| Totalincome |
|
914,029 |
43,636 |
957,665 |
6,045,447 |
27,736 |
6,073,183 |
| Expenditureon: |
|
|
|
|
|
|
|
| Raisingfunds |
6 |
|
|
|
56,552 |
|
56,552 |
| Charitableactivities |
|
|
|
|
|
|
|
| SupportofmembersoftheSociety |
|
|
|
|
|
|
|
| andtheirministry |
7 |
449,344 |
37,652 |
486,996 |
653,138 |
|
653,138 |
| .Grantsanddonations |
8 |
330,899 |
363,258 |
694,157 |
1,095,903 |
205,834 |
1,301,737 |
| Totalexpenditure |
|
780,243 |
400,910 |
1,181,153 |
1,805,593 |
205,834 |
2,011,427 |
| Netincome(expenditure)before |
|
|
|
|
|
|
|
| investmentlosses |
|
133,786 |
(357,274) |
(223,488) |
4,239,854 |
(178,098) |
4,061,756 |
| Netinvestmentlosses |
14 |
(277,867) |
|
(277,867) |
(1,838,061) |
- |
(1,838,061) |
| Net(expenditure)income |
|
(144,081) |
(357,274) |
(501,355) |
2,401,793 |
(178,098) |
2,223,695 |
| Transfersbetweenfunds |
18 |
(31,880) |
31,880 |
|
(5,514) |
5,514 |
|
| Netmovementinfunds |
10 |
(175,961) |
(325,394) |
(501,355) |
2,396,279 |
(172,584) |
2,223,695 |
| Reconciliationoffunds |
|
|
|
|
|
|
|
| Totalfundsbroughtforwardat1 |
|
|
|
|
|
|
|
| January2023 |
|
15,472,517 |
340,018 |
15,812,535 |
13,076,238 |
512,602 |
13,588,840 |
| Totalfundscarriedforwardat |
|
|
|
|
|
|
|
| 31December2023 |
|
15,296,556 |
14,624 |
15,311,180 |
15,472,517 |
340,018 |
15,812,535 |
|
|
2023 |
2023 |
2022 |
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixedassets |
|
|
|
|
|
| Tangibleassets |
13 |
|
1,014,972 |
|
1,031,990 |
| Investments |
14 |
|
14,073,023 |
|
15,380,487 |
|
|
|
15,087,995 |
|
16,412,477 |
| Currentassets |
|
|
|
|
|
| Debtors |
15 |
117,331 |
|
31,370 |
|
| Cashatbankandinhand |
|
317,275 |
|
408,770 |
|
|
|
434,606 |
|
440,140 |
|
| Liabilities |
|
|
|
|
|
| Creditors:amountsfallingdue |
|
|
|
|
|
| withinoneyear |
17 |
(191,421) |
|
(1,040,082) |
|
| Netcurrentassets(liabilities) |
|
|
243,185 |
|
(599,942) |
| Creditors:amountsfallingdue |
|
|
|
|
|
| Aftermorethanyear |
|
|
(20,000) |
|
|
| Totalnetassets |
|
|
15,311,180 |
|
15,812,535 |
| Thefundsofthecharity |
|
|
|
|
|
| Incomefunds |
|
|
|
|
|
| Restrictedfunds |
18 |
|
14,624 |
|
340,018 |
| Unrestrictedfunds |
|
|
|
|
|
| .Tangiblefixedassetsfund |
19 |
1,014,972 |
|
1,031,990 |
|
| .Designatedfunds |
20 |
10,572,432 |
|
12,649,924 |
|
| .Generalfund |
|
3,709,152 |
|
1,790,603 |
|
|
|
|
15,296,556 |
|
15,472,517 |
|
|
|
15,311,180 |
|
15,812,535 |
| Approvedbythetrustees |
|
|
|
|
|
| andsignedontheirbehalfby: |
|
|
|
|
|
|
|
Yearto31 |
Yearto31 |
|
|
December |
December |
|
|
2023 |
2022 |
|
Notes |
£ |
£ |
| Cashflowsfromoperatingactivities: |
|
|
|
| Netcash(usedin)providedbyoperatingactivities |
A |
(1,679,454) |
4,708,364 |
| Cashflowsfrominvestingactivities: |
|
|
|
| Investmentincomeandinterestreceived |
|
578,084 |
368,360 |
| Proceedsfromthedisposaloftangiblefixedassets |
|
258 |
1,200 |
| Purchaseoftangiblefixedassets |
|
(16,298) |
(9,990) |
| Proceedsfromthedisposaloflistedinvestments |
|
5,228,875 |
2,183,322 |
| Purchaseoflistedinvestments |
|
(4,503,812) |
(6,144,795) |
| Netcashprovidedby(usedin)investingactivities |
|
1,287,107 |
(3,601,903) |
| Changeincashandcashequivalentsintheyear |
|
(392,347) |
1,106,461 |
| Cashandcashequivalentsat31December2022 |
|
1,898,397 |
783,152 |
Changeincashandcashequivalentsduetoexchangerate
movements |
|
(3,683) |
8,789 |
| Cashandcashequivalentsat31December2023 |
B |
1,502,369 |
1,898,397 |
| Notestothestatementofcashflowsfortheperiodended31December2023 |
|
|
|
| Reconciliationofnetincomefortheyeartonetcashprovidedby |
operatingactivit |
ies |
|
Yearto31 |
Yearto31 |
|
December |
December |
|
2023 |
2022 |
|
£ |
£ |
| Net(expenditure)incomefortheyear(asperthestatementof |
|
|
| financialactivities) |
(501,355) |
2,223,695 |
| Adjustmentsfor: |
|
|
| Depreciationcharge |
33,316 |
34,628 |
| Netlossesoninvestments |
277,867 |
1,838,061 |
| Surplusondisposaloftangiblefixedassets |
(258) |
(1,200) |
| Investmentincomeandinterestreceivable |
(615,332) |
(371,922) |
| Foreignexchangelosses(gains) |
3,683 |
(8,789) |
| Increaseindebtors |
(48,714) |
(21,794) |
| (Decrease)increaseincreditors |
(828,661) |
1,015,685 |
| Netcash(usedin)providedbyoperatingactivities |
(1,679,454) |
4,708,364 |
| Analysisofcashandcashequivalents |
|
|
|
2023 |
2022 |
| Cashatbankandinhand |
317,275 |
408,770 |
| Cashheldbyinvestmentmanagers |
1,185,094 |
1,489,627 |
| Totalcashandcashequivalents |
1,502,369 |
1,898,397 |
| Incomefromdonationsand |
legacies |
|
|
|
|
|
|
|
|
Yearto31 |
|
|
Yearto31 |
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
|
£ |
£ |
£ |
|
|
|
| Salariesandpensionsofmembersof |
|
|
|
|
|
|
| theSocietyreceivedundergiftaid |
|
|
|
|
|
|
| and/ordeedofcovenant |
292,791 |
|
292,791 |
263,375 |
|
263,375 |
| Otherdonations |
4,884 |
43,636 |
48,520 |
30,485 |
27,736 |
58,221 |
|
297,675 |
43,636 |
341,311 |
293,860 |
27,736 |
321,596 |
|
|
|
Yearto31 |
|
|
Yearto31 |
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
| Incomefromlistedinvestments |
613,041 |
- |
613,041 |
371,600 |
|
371,600 |
| Interestreceivable |
2,291 |
|
2,291 |
322 |
|
322 |
|
615,332 |
|
615,332 |
371,922 |
|
371,922 |
| Incomefromothers |
ources |
|
|
|
|
|
|
|
|
Yearto31 |
|
|
Yearto31 |
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
| Rentreceivable |
|
|
|
66,667 |
|
66,667 |
| Miscellaneousincome |
764 |
|
764 |
11,798 |
|
11,798 |
|
764 |
|
764 |
78,465 |
|
78,465 |
|
|
|
|
Yearto31 |
|
|
Yearto31 |
|
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
| Surplus |
ondisposalofmotor |
|
|
|
|
|
|
| vehicles |
|
258 |
|
258 |
1,200 |
|
1,200 |
|
|
|
Yearto31 |
|
|
Yearto31 |
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
| Proceedsfromsaleofthe |
|
|
|
|
|
|
| siteofStMary'sCollege, |
|
|
|
|
|
|
| Blackburn |
|
|
|
5,300,000 |
|
5,300,000 |
| Expenditureonraisi |
ngfunds |
|
|
|
|
|
|
|
|
Yearto31 |
|
|
Yearto31 |
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Investmentmanager'sfees |
- |
- |
- |
56,552 |
|
56,552 |
| Supportofthemem |
bersofthe |
Societyan |
dtheirmini |
stry |
|
|
|
|
|
Yearto31 |
|
|
Yearto31 |
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Staffcosts(note10) |
129,245 |
|
129,245 |
152,712 |
|
152,712 |
| Propertyexpenses |
58,174 |
|
58,174 |
63,292 |
|
63,292 |
| Personallivingcosts |
128,587 |
|
128,587 |
130,272 |
|
130,272 |
| Training |
3,590 |
— |
3,590 |
1,950 |
|
1,950 |
| Expensesofministry |
64,914 |
37,652 |
102,566 |
62,561 |
|
62,561 |
| Depreciation |
33,316 |
- |
33,316 |
34,628 |
|
34,628 |
| Lossonforeignexchange |
4,112 |
|
4,112 |
— |
|
|
| Disposalandothercosts |
1,089 |
|
1,089 |
191,230 |
|
191,230 |
| forSt.Mary'sCollege, |
|
|
|
|
|
|
| Blackburn |
|
|
|
|
|
|
| Governancecosts(note9) |
26,317 |
|
26,317 |
16,493 |
|
16,493 |
|
449,344 |
37,652 |
486,996 |
653,138 |
|
653,138 |
| Grantsanddonations |
|
|
|
|
|
|
|
|
|
Yearto31 |
|
|
Yearto31 |
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| TheGeneralateoftheSociety |
64,183 |
- |
64,183 |
1,006,141 |
- |
1,006,141 |
| Maristmissionsoverseas |
|
36,325 |
36,325 |
- |
33,250 |
33,250 |
| Overseasmissionsgrant |
|
|
|
|
|
|
| funding |
— |
326,933 |
326,933 |
15,000 |
172,584 |
187,584 |
| MaristWayLaity |
— |
|
— |
8,398 |
- |
8,398 |
| TheSalvationArmy |
— |
— |
— |
5,000 |
- |
5,000 |
| OpenDoors |
15,000 |
— |
15,000 |
5,000 |
- |
5,000 |
| EternalBenefits |
5,000 |
- |
5,000 |
5,000 |
|
5,000 |
| SVP |
10,000 |
- |
10,000 |
5,000 |
- |
5,000 |
| HullFoodbank |
5,000 |
- |
5,000 |
— |
|
— |
| WelcomeHouse |
7,200 |
— |
7,200 |
— |
— |
— |
| StJohnBoscoCamp |
60,000 |
— |
60,000 |
— |
|
— |
| DioceseofSalford |
150,000 |
- |
150,000 |
|
|
— |
| NotreDameRefugeeCentre |
3,000 |
— |
3,000 |
45,000 |
- |
45,000 |
| NotreDameDeFranceCIO |
10,000 |
|
10,000 |
— |
— |
— |
| Otherdonationsoflessthan |
1,516 |
- |
1,516 |
1,364 |
|
1,364 |
| £1,000 |
|
|
|
|
|
|
|
330,899 |
363,258 |
694,157 |
1,095,903 |
205,834 |
1,301,737 |
|
|
|
Yearto31 |
|
|
Yearto31 |
|
Unrestricted |
Restricted |
December |
Unrestricted |
Restricted |
December |
|
Funds |
Funds |
2023 |
Funds |
Funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Professionalfees |
26,317 |
|
26,317 |
16,493 |
|
16,493 |
|
Yearto31 |
Yearto31 |
|
December |
December |
|
2023 |
2022 |
|
£ |
£ |
| Staffcosts(note11) |
129,245 |
152,712 |
| Auditor'sremunerationincludingVAT |
|
|
| .Statutoryaudit—currentyear |
10,200 |
9,600 |
| .Non-auditservices—Taxconsultancy |
1,782 |
1,944 |
| .Non-auditservices-TrusteeInvestmentservices |
6,600 |
- |
| Depreciation(note13) |
33,316 |
34,628 |
|
Yearto31 |
Yearto31 |
|
December |
December |
|
2023 |
2022 |
|
£ |
£ |
| Wagesandsalaries |
115,973 |
120,770 |
| Socialsecuritycosts |
4,599 |
5,089 |
| Pensioncosts |
6,673 |
26,853 |
| Terminationpayments |
2,000 |
- |
|
129,245 |
152,712 |
| Tangiblefixedassets |
|
|
|
|
|
|
Freeholdland |
andbuildings |
|
|
|
|
|
|
Furniture |
|
|
|
Non- |
|
and |
Motor |
|
|
specialised |
Specialised |
equipment |
vehicles |
Total |
|
£ |
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
| At1January2023 |
375,620 |
1,208,268 |
47,304 |
43,202 |
1,674,394 |
| Additions |
- |
- |
16,298 |
- |
16,298 |
| Disposals |
|
|
- |
(5,800) |
(5,800) |
| At31December2023 |
375,620 |
1,208,268 |
63,602 |
37,402 |
1,684,892 |
| Depreciationandimpairment |
|
|
|
|
|
| At1January2023 |
- |
568,652 |
39,792 |
33,960 |
642,404 |
| Depreciationcharge |
|
24,165 |
4,903 |
4,248 |
33,316 |
| Ondisposals |
|
|
- |
(5,800) |
(5,800) |
| At31December2023 |
|
592,817 |
44,695 |
32,408 |
669,920 |
| Netbookvalues |
|
|
|
|
|
| At31December2023 |
375,620 |
615,451 |
18,907 |
4,994 |
1,014,972 |
| At31December2022 |
375,620 |
639,616 |
7,512 |
9,242 |
1,031,990 |
| Fixedassetinvestments |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Listedinvestments |
12,887,929 |
13,890,856 |
| Cashheldbyinvestmentmanagersforre-investment |
1,185,094 |
1,489,627 |
|
14,073,023 |
15,380,483 |
|
2023 |
2022 |
| Listedinvestments |
£ |
£ |
| Marketvalue1January2023 |
13,890,856 |
11,767,445 |
| Additionsatcost |
4,503,815 |
6,144,794 |
| Disposalatbookvalue(proceeds:£5,228,875;losses:£252,013) |
(5,480,888) |
(2,479,724) |
| Netunrealisedinvestmentgains |
(25,854) |
(1,541,659) |
| Marketvalueat31December2023 |
12,887,929 |
13,890,856 |
| Historicalcostoflistedinvestmentsasat31December2023 |
12,347,549 |
13,405,202 |
|
2023 |
2022 |
|
£ |
£ |
| UKfixedinterest |
5,193,091 |
3,059,433 |
| Overseasfixedinterest |
1,139,336 |
1,375,184 |
| UKequitiesandunittrusts |
1,075,393 |
1,215,861 |
| Overseasequitiesandunittrusts |
2,885,524 |
3,194,583 |
| Commodities, absolutereturnandinfrastructure |
2,398,678 |
4,069,949 |
| CashProducts |
195,907 |
975,846 |
|
12,887,929 |
13,890,856 |
| Debtors |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Investmentincomereceivable |
110,105 |
8,827 |
| Prepaymentsandaccruedincome |
7,226 |
22,543 |
|
117,331 |
31,370 |
| Creditors:amountsfallingduewithinoneyear |
|
|
|
2023 |
2022 |
|
£ |
£ |
| AmountduetotheGeneralateoftheSociety(seebelow) |
|
950,000 |
| Othercreditorsandaccruals |
171,421 |
90,082 |
| Grantspayable |
20,000 |
|
|
191,421 |
1,040,082 |
| Creditors:amountfallingdueafteroneyear |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Grantspayable(seebelow) |
20,000 |
|
|
20,000 |
|
|
At1 |
|
|
|
At31 |
|
January |
|
|
|
December |
|
2023 |
Income |
Expenditure |
Transfers |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Overseasmissionsfund |
— |
4,445 |
(36,325) |
31,880 |
— |
| Overseaslegacyfunds |
340,018 |
- |
(326,933) |
- |
13,085 |
| MaristWayConference |
— |
39,191 |
(37,652) |
- |
1,539 |
|
340,018 |
43,636 |
(400,910) |
31,880 |
14,624 |
|
At1 |
|
|
|
At31 |
|
January |
|
|
|
December |
|
2022 |
Income |
Expenditure |
Transfers |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Overseasmissionsfund |
- |
27,736 |
(33,250) |
5,514 |
|
| Overseaslegacyfunds |
512,602 |
- |
(172,584) |
- |
340,018 |
|
512,602 |
27,736 |
(205,834) |
5,514 |
340,018 |
| Tangiblefixedassetsfund |
|
|
|
2023 |
2022 |
|
£ |
£ |
| At1January2023 |
1,031,990 |
1,056,627 |
| Netmovementsinyear |
(17,018) |
(24,637) |
| At31December2023 |
1,014,972 |
1,031,990 |
| setasidebythetrustees |
forspecificpu |
rposes: |
|
|
|
|
|
|
At1 |
|
|
|
At31 |
|
|
January |
|
New |
Utilised/ |
December |
|
|
2023 |
designations |
|
released |
2023 |
|
|
£ |
|
£ |
£ |
£ |
| Retirementreserve |
|
8,500,000 |
|
- |
(1,800,000) |
6,700,000 |
| Grantmakingfund |
|
4,050,000 |
|
- |
(270,000) |
3,780,000 |
| Pilgrimagesfund |
|
99,924 |
|
|
(7,492) |
92,432 |
|
|
12,649,924 |
|
- |
(2,077,492) |
10,572,432 |
|
|
|
|
|
|
At31 |
|
|
At1January |
|
New |
Utilised/ |
December |
|
|
2022 |
designations |
|
released |
2022 |
|
|
£ |
|
£ |
£ |
£ |
| Retirementreserve |
|
8,500,000 |
|
— |
— |
8,500,000 |
| Grantmakingfund |
|
— |
|
5,000,000 |
(950,000) |
4,050,000 |
| Pilgrimagesfund |
|
109,478 |
|
3,095 |
(12,649) |
99,924 |
|
|
8,609,478 |
|
5,003,095 |
(962,649) |
12,649,924 |
| Theretirementreserverepresentedfundssetaside |
|
|
toprovidefor |
|
membersof |
theSociety |
| intheirretirement.Thereservehadbeencalculated |
|
|
|
usingactuarialprinciples,butwas |
|
|
| adjustedasnecessaryinthelightofavailableresources. |
|
|
|
|
|
|
| ThegrantmakingfundcomprisesfundsfromthedisposalofthesiteofStMary'sCollege, |
|
|
|
|
|
|
| Blackburnwhichwillbe |
appliedbythe |
trusteestowardsfuturegrantmakingactivities. |
|
|
|
|
| ThePilgrimagesfundrepresentedmoniessetasidebythetrusteestobeappliedindue |
|
|
|
|
|
|
| coursetowardsthemissionoftheMaristFathers. |
|
|
|
|
|
|
| Analysisofnetassetsbetweenfunds |
|
|
|
|
|
|
| Thefollowingassetsandliabilitiesrepresentthefundbalances: |
|
|
|
|
|
|
|
Unrestrictedfunds |
|
|
|
|
|
|
|
Tangible |
|
|
|
|
|
|
fixed |
|
|
|
|
|
General |
assets |
Designated |
|
Restricted |
Total |
|
funds |
funds |
|
funds |
funds |
2023 |
|
£ |
£ |
|
£ |
£ |
£ |
| Fundbalancesat |
|
|
|
|
|
|
| 31December2023are |
|
|
|
|
|
|
| representedby: |
|
|
|
|
|
|
| Tangiblefixedassets |
— |
1,014,972 |
|
- |
- |
1,014,972 |
| Investments |
3,487,506 |
- |
10,572,432 |
|
13,085 |
14,073,023 |
| Currentassets |
433,067 |
|
|
- |
1,539 |
434,606 |
| Creditors:amountsfalling |
|
|
|
|
|
|
| duewithinoneyear |
(191,421) |
|
|
|
|
(191,421) |
| Creditors:amountsfalling |
|
|
|
|
|
|
| Dueafteroneyear |
(20,000) |
|
|
— |
|
(20,000) |
| Totalnetassets |
3,709,152 |
1,014,972 |
10,572,432 |
|
14,624 |
15,311,180 |
|
Unrestrictedfunds |
Unrestrictedfunds |
Unrestrictedfunds |
|
|
|
|
Tangible |
|
|
|
|
|
fixed |
|
|
|
|
General |
assets |
Designated |
Restricted |
Total |
|
funds |
funds |
funds |
funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Fundbalancesat |
|
|
|
|
|
| 31December2022are |
|
|
|
|
|
| representedby: |
|
|
|
|
|
| Tangiblefixedassets |
- |
1,031,990 |
- |
- |
1,031,990 |
| Investments |
2,390,545 |
- |
12,649,924 |
340,018 |
15,380,487 |
| Currentassets |
440,140 |
|
- |
- |
440,140 |
| Creditors:amountsfalling |
|
|
|
|
|
| duewithinoneyear |
(1,040,082) |
- |
|
- |
(1,040,082) |
| Totalnetassets |
1,790,603 |
1,031,990 |
12,649,924 |
340,018 |
15,812,535 |
|
2023 |
2022 |
|
£ |
£ |
| Totalunrealisedgainsat31December2023 |
541,484 |
485,654 |
| Reconciliationofmovementsinunrealisedgainsonlisted |
|
|
| investments |
|
|
| At1January2023 |
485,654 |
2,403,300 |
| Add:net(losses)gainsarisingonrevaluationarisingintheyear |
(25,854) |
(1,541,659) |
| Less:inrespecttodisposalsintheyear |
81,684 |
(375,987) |
| Totalunrealisedgainsat31December2023 |
541,484 |
485,654 |