| The Medway Mission |
to Mariners | ||
|---|---|---|---|
| Contents | |||
| Page | |||
| Report ofthe trustees | |||
| Independent examiners |
report | ||
| Statement of financial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 8 —12 |
| Endowment | Unrestricted | 2023 | 2022 | ||
|---|---|---|---|---|---|
| Note | Funds | Funds | Total | Total | |
| F | 6 | F | F | ||
| Income and endowments | |||||
| Investments | 28,020 | 28,020 | 26,362 | ||
| Expenditure | |||||
| Cost of grant making | |||||
| - Royal Naval Benevolent | Trust for | ||||
| Pembroke House, Gillingham |
(12,500) | (12,500) | (14,860) | ||
| - Hospital of Sir John Hawkins |
(10,000) | (10,000) | (12,000) | ||
| - Mission to Seafarers | 2,500) | 2,500 | 5,000 | ||
| (25,000) | (25,000) | (31,860) | |||
| Charitable activities |
|||||
| -Trustees expenses | (643) | (643) | (500) | ||
| -Annual return fee |
(13) | (13) | 0 | ||
| - Independent examiner's |
fee | (1,687) | (1,687) | (1,479) | |
| Cost of raising funds | |||||
| - Investment management |
costs | 6,913) | (6,913 | 7,245) | |
| Total expenditure | 6,913) | (27,343 | (34,256 | 41,084) | |
| Net income/(expenditure) | before | ||||
| gains and losses on investments | (6,913) | 677 | (6,236) | (14,722) | |
| Net gains and losses on | investments | (92,906 | 92,906) | 47,437 | |
| Net movements in funds |
(99,819) | 677 | (99,142) | 32,715 | |
| Total funds brought forward | 894,416 | 10,176 | 904,592 | 871,877 | |
| Total funds carried forward | 794,597 | 10,853 | 805,450 | 904,592 |
| The Medway | Mission to Mariners | ||||
|---|---|---|---|---|---|
| Balance sheet | |||||
| For the year | ended 5 April 2023 | ||||
| 2023 | 2022 | ||||
| Note | Total | Total | |||
| Fixed assets | |||||
| Investments | 3 | 764,078 | 860,423 | ||
| Current assets | |||||
| Cash at bank | 4 | 44,717 | 47,519 | ||
| Current liabilities | |||||
| Creditors | 5~(3,345 | (3,350) | |||
| Net current assets | 41,372 | 44,169 | |||
| Total assets | 805,450 | 904,592 | |||
| Represented | by | ||||
| Endowment | funds | ||||
| Capital fund |
7 | 794,597 | 894,416 | ||
| Unrestricted | funds | ||||
| Income and expenditure account |
8 | 10,853 | 10,176 | ||
| 805,450 | 904,592 |
| 2) Investment Income |
2) Investment Income |
2) Investment Income |
|||
|---|---|---|---|---|---|
| 2023f | 2022f | ||||
| Dividends | 27,857 | 26,362 | |||
| Interest | 163 | ||||
| 3) Investment Summary |
|||||
| 2023f | 2022 f |
||||
| Market value 6 April | 2022 | 860,423 | 838,662 | ||
| Acquisitions | 43,373 | 82,603 | |||
| Disposals at opening | market value | (59,87'I ) | (100,902) | ||
| Net (losses)gains | on | revaluation | ~79 847 | 40 060 | |
| Market value 5 April | 2023 | ||||
| Historical cost 5 | April | 2023 | |||
| 4) Cash at Bank | |||||
| 2022 | 2022f | ||||
| Current account | 11,019 | 9,819 | |||
| Charles Stanley | deposit | 33698 | 37700 | ||
| 5) Creditors | |||||
| 2023f | 2022 f |
||||
| Accruals | |||||
| 6) Endowment | Funds | ||||
| 2023 | 2022 | ||||
| f | f | ||||
| Capital Fund |
|||||
| Balance brought | forward | 6 April 2022 | 894,416 | 854,224 | |
| Gains on sales of investments | (13,059) | 17,376 | |||
| Revaluation of investments Brokers fees |
(79,847) ~6913 |
140,060 ~7244 |
|||
| Balance carried | forward | 5 April 2023 |
| 7) Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2022 | ||||||
| E | f | ||||||
| Income and expenditure | account | ||||||
| Balance brought | forward 6 |
April | 2022 | 10,176 | 17,653 | ||
| Surplus/(Deficit) | for the year | 677 | ~17477 | ||||
| Balance carried | forward 5 April 2023 |
||||||
| 9)Analysis of net assets |
between | funds | |||||
| Endowment | Unrestricted | Total | |||||
| Fundsf | Funds E |
E | |||||
| Fund Balances | at 5 April | 2023 | are | ||||
| represented by |
|||||||
| Investments | 764,078 | 764,078 | |||||
| Current assets | 32,119 | 12,598 | 44,717 | ||||
| Current liabilities |
~1600 | ~1745 | ~3345 | ||||
| Total net assets | |||||||
| Unrealised gains included |
above | ||||||
| On investments | 148939 | 'I48 939 | |||||
| Total unrealised | gains at 5 | April | 2023 | ||||
| Reconciliation of movements |
in | ||||||
| unrealised gains on investments |
|||||||
| Unrealised gains |
at 6April | 2022 | 242,904 | 242,904 | |||
| In respect ofdisposals | (14,118) | (14,118) | |||||
| Losses on revaluations in the year |
~79 847 | ~79 847 | |||||
| Unrealised gains |
at 5 April | 2023 |