2023-12-31-accounts - The Dorneywood Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Note	Unrestricted	Unrestricted	Designated	Total
				Funds	Funds	Funds
						2023
Income from:
Investment income				356,515		356,515
Rents				23,686		23,686
Activities for raising funds				24,067		24,067
National Trust				19,014		19,014
Total income				423,282		423,282
Expenditure on:
Charitable activities		4		(478,534)		(478,534)
Raising funds		5		(36,551)	(26,010)	(62,561)
Total expenditure				(515,085)	(28,010)	(541,095)
Net gains/(losses) on investment assets					239,303	239,303
Net (expenditure)/income				(91,803)	213,293	121,490
Transfer between funds
Net movement in	funds			(91,803)	213,293	121,490
Reconciliation of	funds:
Total funds brought	forward			346,207	10,097,885	10,444,092
Total funds carried forward			F	254,404	10,311,178	10,565,582

Unrestricted	Unrestricted	Designated	Total
	Funds	Funds	Funds
			20"
	315,268		315,268
	22,948		22,948
	30,149		30,149
	21,269		21,269
	389,634		389,634
	(459,081)		(459,081)
	(34,007)	(26,648)	(60,655)
	(493,088)	(26,648)	(519,736)
		(852,582)	(852,582)
	(103,454)	(879,230)	(982,684)
	(103454)	(879,230)	(982,684)
	449,661	610,977,115	611,426,776
F	346,207	10,097,885	10,444,092

Reconciliation of net income to net cash	flow from operating acti	vities
			2023		2022
Net income/(expenditure) for year			121,490		(982,684)
Investment income			(356,515)		(315,268)
(Gains)/losses on investments			(239,303)		852,582
(Increase)/decrease in debtors/stocks			(8,961)		1,745
Increase in creditors			12,031		8,908
Net cash flow from operating activities			(471,258)		(434,717)
Cash flow from investing activities
Payments to acquire investments		(2,029,294)			(1,151,799)
Receipts from sales of investments			2,185,200		1,227,107
Investment income received			356,515		315,268
Net cash fiow from financing activities			512,421		390,576
Net increase/(decrease) in cash and cash	equivalents		41,163		(44,141)
Cash and cash equivalents at 1stJanuary	2023		475,804		519,945
Cash and cash equivalents at 31stDecember 2023		F	516,967	F	475,804
Cash and cash equivalents consist of:
Cash at bank and in hand			30,861		23,905
Cash held by investment managers in total			486,106		451,899
Cash and cash equivalents at 31stDecember 2023		F	516,967	F	475,804

2	Investment income and interest receivable	Investment income and interest receivable	Investment income and interest receivable
					2023		2022
	Investment trusts and unit trusts				339,566		313,840
	Interest on cash held by investment		managers		16,949		1,428
				E	356,515	E	315,268
3a	Activities for raising funds
	Use of house and garden opening				24,067	F	30,149
3b	National Trust
	Investment income			F	19,014	E	21,269
4	Cost ofcharitable activities
	Salaries and wages (including	contractors)			222,336		209,983
	Insurance				21,003		17,703
	Household				9,602		6,941
	Catering				1,738		1,377
	Water, council tax and utilities				21,109		19,395
	Repairs, renewals and refurbishment				133,052		116,596
	Garden expenses				10,648		9,993
	Heating and lighting				22,512		28,220
	Support costs (see 4a)				36,534		48,873
	Total direct charitable expenditure				478,534	F	459,081
4a	Support costs
	Governance costs (see note 6)				28,093		19,926
	Motor and travel costs				3,591		4,001
	Postage, stationery, telephone	and	other admin costs		4,850		4,409
	Legal, professional and recruitment						20,537
					36,534		48,873

Employees	and staff costs
Staff costs	during the year were as follows:
Wages and	salaries	151,664	147,397
Social security costs		14,653	14,308
Pension costs		12,813	12,295
Contractors	and training	48,409	42,390
		E 227,539	E 216,390

Fixed asset investments
At 31st December 2023 fixed assets investments	comprised:
		2023		2022
Listed investments and cash
held for reinvestment		F10,278,178		810,064,885
Listed investments and cash held for reinvestments
Listed investments
Market value at 1st January 2023		9,969,585		10,897,475
Additions at cost		2,029,294		1,151,799
Disposal proceeds		(2,185,200)		(1,227,107)
Net realised investment (losses)/gains	(17,049)		(82,833)
Net unrealised investment (losses)/gains	256,352		(769,749)
		239,303		(852,582)
Market value at 31stDecember 2023		10,052,982		9,969,585
Cash held by investment managers for reinvestment		225,196		95,300
		f10,278,178		f10,064,885
All listed investments were dealt in on a recognised	stock	exchange.
Listed investments held at 31st December 2023 comprised		the following:
Responsible Multi-Asset Fund		2,988,646		2,909,984
Investment trusts and unit trusts		7,064,336		7,059,601
		210,052,982		E9,969,585

10	Tangible fixed assets	Tangible fixed assets
						Fixtures,
						fittings 8
			Improvements		equipment			Total
	Cost or valuation
	At 1stJanuary 2023			1,109,780		62,774		1,172,554
	Additions
	At 31stDecember 2023		E1,109,780		E	62,774	E1,172,554
	Depreciation
	At 1stJanuary 2023			1,109,780		29,774	1,139,554
	Charge for year
	At 31stDecember 2023		E1,109,780		E	29,774	E1,139,554
	Net book values
	At 31st December 2023 and
	at 31st December 2023				f.	33,000	f.	33,000
11	Debtors
				2023				2022
	Debtors			1,300				241
	Prepayments and accrued income			21,375				13,668
				22,675				13,909
12	Creditors: amounts	falling due within one year
	Trade creditors			29,736				16,308
	Accruals			24,961				26,772
	Other creditors			5,766				5,352
			P	60,463				48,432

Analysis ofnet assets by fund
Current year	Unrestricted	Designated	Total
	Funds	Funds	Funds
	2023	2023	2023
Fixed assets		33,000	33,000
Investments		10,052,982	10,052,982
Cash held	291,771	225,196	516,967
Other current assets/liabilities	(37,367)		(37,367)
Total	f 254,404	f10,311,178	f10,565,582
Prior year	Unrestricted	Designated	Total
	Funds	Funds	Funds
	2022	2022	2022
Fixed assets		33.,000	33,000
investments		9,969,585	9,969,585
Cash held	380,504	95,300	475,804
Other current assets/liabilities	(34,297)		(34,297)
Total	346,207	f10,097,885	f10,444,092