## **THE VALENTINE CHARITY**
## **Trustees**
Richard Burgess James Pearson Joanna Hunt Robert Nicol (appointed 11th February 2023)
Company No. CE019983 Charity No. 1186923
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
I am very pleased to report Robert Nicol agreed to take the place of his father and become a Trustee of the charity and was duly appointed on 11th February.
In March 2023 the Charity received a dividend of £11,600 and immediately made a donation of £7,000 to the Bursary Fund of King’s College School, Wimbledon and a donation of £4,600 to the Arkwright Scholarship programme to provide funding for two talented future British engineers as they start their 6th form studies.
The object of The Valentine Charity continues to be “advancing the education of young people in such ways as are exclusively charitable (according to the laws of England and Wales) as the trustees may from time to time determine, including but not limited to, providing grants to educational institutions and other charitable bodies to enable them to provide bursaries to students from low income families or from disadvantaged backgrounds and / or communities”.
Richard Burgess Trustee
## **THE VALENTINE CHARITY**
## **Company No. CE019983 Charity No. 1186923**
## **INCOME and EXPENDITURE ACCOUNT for the period to 31 March 2023**
|**Income**
Dividend received
Other
**Expense**
Bank charges
**Donations**
Kings College School Bursary Fund
7,000
Arkwright Engineering Scholarships
4,600
UNICEF - for children in Ukraine
-
**Surplus/(Deficit) for the year**
**BALANCE SHEET at 31 March 2023**
**Investments**
The Valentine Group Holdings Limited
232,000 B shares of £10 each
**Cash at bank**
**Total assets**
**Reserves**
Brought forward
Surplus/(Deficit) for the year|**2023**
**£**
11,600
11
11,611
25
11,586
10,000
-
1,600
11,600
-14
**2023**
**£**
850,000
277
850,277
850,291
-14
850,277|**2022**
**£**
11,600
6
11,606
20
11,586
11,600
-14
**2022**
**£**
850,000
291
850,291
850,305
-14
850,291|
|---|---|---|