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|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees'
Report||2to4|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|6to 9|
|Statement of Financial|Activities|10to 11|
|Balance Sheet||12|
|Cash Flow Statement||13|
|Notes to the Financial|Statements|14to 21|
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|Reference and|Reference and|Administrative
Details|Administrative
Details||
|---|---|---|---|---|
|Trustees|||Mr G
l Murdoch||
||||Mr AE Body||
|Principal|Office||Stephens
Scown||
||||Osprey House||
||||Malpas Road||
||||Truro||
||||Cornwall||
||||TR1 1UT||
|Charity Registration||Number|1187142||
|Solicitors|||Stephens
Scown||
||||Osprey House||
||||Malpas Road||
||||Truro||
||||Cornwall||
||||TR1 1UT||
|Auditor|||PKF Francis Clark||
||||Melville
Building|East|
||||Unit 18||
||||23 Royal William|Yard|
||||Plymouth||
||||Devon||
||||PL1 3GW||
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|2022|
||||Note|||
|Income and Endowments||from:||||
|Investment
income||||104,861|104,861|
|Total income||||104,861|104,861|
|Expenditure
on:||||||
|Raising funds||||(24,714)|(24,714)|
|Charitable
activities||||(3,937,753)|(3,937,753)|
|Total expenditure||||(3,962,467)|(3,962,467)|
|Gains on investment|assets|||69,361|69,361|
|Net expenditure||||(3,788,245)|(3,788,245)|
|Net movement
in funds||||(3,788,245)|(3,788,245)|
|Reconciliation
offunds||||||
|Total funds brought|forward|||7,142,239|7,142,239|
|Total funds carried|forward||14|3,353,994|3,353,994|
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||||||Total|
|---|---|---|---|---|---|
|||||Unrestricted|2021|
||||Note|fundsf|f(As
restated)|
|Income and Endowments||from:||||
|Donations
and legacies||||7,158,852|7,158,852|
|Investment
income||||129,787|129,787|
|Total income||||7,288,639|7,288,639|
|Expenditure
on:||||||
|Raising funds||||(36,671)|(36,671)|
|Charitable
activities||||(503,000)|(503,000)|
|Total expenditure||||(539,671)|(539,671)|
|Gains on investment|assets|||393,271|393,271|
|Net income||||7,142,239|7,142,239|
|Net movement
in funds||||7,142,239|7,142,239|
|Reconciliation
offunds||||||
|Total funds carried|forward||14|7,142,239|7,142,239|
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|30April|2|022||||||
|---|---|---|---|---|---|---|---|
||||||||2021|
||||||Note|2022f|K(As
restated)|
|Fixed assets||||||||
|Investments|||||10|2,856,976|6,060,998|
|Current assets||||||||
|Debtors|||||11|49,000|50,000|
|Cash at bank||and|in hand||12|458,018|1,034,241|
|||||||507,018|1,084,241|
|Creditors:|Amounts|||falling due within one year|13|(10,000)|(3,000)|
|Net current|assets|||||497,018|1,081,241|
|Net assets||||||3,353,994|7,142,239|
|Funds ofthe||charity:||||||
|Unrestricted||income||funds||||
|Unrestricted|funds|||||3,353,994|7,142,239|
|Total funds|||||14|3,353,994|7,142,239|
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|||||||2021|
|---|---|---|---|---|---|---|
||||||2022|E(As|
|||||Note||restated)|
|Cash flows from operating||activities|||||
|Net cash (expenditure)/income|||||(3,788,245)|7,142,239|
|Adjustments
to cash flows||from non-cash|items||||
|Investment
income|||||(104,861)|(129,787)|
|Revaluation
of investments|||||513||
||||||(3,892,593)|7,012,452|
|Working capital adjustments|||||||
|Decrease/(increase)
in debtors||||11|1,000|(50,000)|
|Increase
in creditors||||13|7,000|3,000|
|Net cash flows from operating||activities|||(3,884,593)|6,965,452|
|Cash flows from investing|activities||||||
|Purchase
of investments||||10|(320,208)||
|Sale of investments|||||3,523,717||
|Investment
assets donated||||||(6,060,998)|
|Income from dividends|||||104,861|129,787|
|Net cash flows from investing||activities|||3,308,370|(5,931,211)|
|Net (decrease)/increase
in cash and cash equivalents|||||(576,223)|1,034,241|
|Cash and cash equivalents|at|1 May|||1,034,241||
|Cash and cash equivalents|at|30April|||458,018|1,034,241|
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|a)|Investm|e|nt|managem|ent
|costs||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Total|Total|
||||||||Direct costsf|2022f|2021f|
|Investment|||management||costs||24,174|24,174|36,671|
|5|Expenditure|||on charitable||activities||||
||||||||||Total|
|||||||Activity|||23 December|
|||||||undertaken|Activity|Total|2019to 30|
|||||||directlyf|support costs
f|30April 2022|April 2021|
|Payments||to charitable||||||||
|organisations||||||3,930,540||3,930,540|500,000|
|Governance|||costs||||7„213|7,213|3,000|
|||||||3,930,540|7,213|3,937,753|503,000|
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|Governance|costs||||||
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total|Total|
|||||General|2022|2021|
|||||||f.|
|Audit fees|||||||
|Audit ofthe|financial|statements||4,500|4,500||
|Other fees|paid to auditors|||2,500|2,500||
|Independent|examiner's|fees|||||
|Examination|ofthe financial||statements|||3,000|
|Allocated
support costs||||213|213||
|||||7,213|7,213|3,000|
|7
Net incoming
resources|||||||
|Net incoming|resources|for the|year include:||||
||||||2022|2021|
|Audit fees|||||4,500||
|Other non-audit
services|||||2,500||
|Independent|Examiner's|fees||||3,000|
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|Other investments|||
|---|---|---|
||Listed||
||investments|Total|
|Cost or Valuation|||
|At 1 May 2021 (As restated)|6,060,998|6,060,998|
|Revaluation|(513)|(513)|
|Additions|320,208|320,208|
|Disposals|(3,523,717)|(3,523,717)|
|At 30 April 2022|2,856,976|2,856,976|
|Net book value|||
|At 30April 2022|2,856,976|2,856,976|
|At 30 April 2021|6,060,998|6,060,998|
|Holding|Security||Market Vaue (f)|
|---|---|---|---|
|138,585|UK Government|1.875'/0 22/11/22|233,254|
|200,000|UK Government|2'/o 7/9/25|203,073|
|136,000|IK Government|Idx Lkd 22/11/27|283,924|
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|11 Debtors|||
|---|---|---|
||2022f|2021f|
|Other debtors|49,000|50,000|
|12Cash and cash equivalents|||
|||2021|
||2022f|f (As
restated)|
|Cash at bank|458,018|1,034,241|
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|13Creditors:|amounts|falling|due|within|one year||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021f|
|Other creditors|||||||||3,000||
|Accruals|||||||||7,000|3,000|
||||||||||10,000|3,000|
|14Funds|||||||||||
||||Balance at||||||Other|Balance at|
|||1 May 2021
f (As
restated)|||Incoming
resourcesf||Resources
expended
f||recognised
gains
f|30April
2022f|
|Unrestricted|funds||||||||||
|General|||||||||||
|Unrestricted|fund||7,142,239||104,861||(3,962,467)||69,361|3,353,994|
|||||Incoming||Resources|||Other|Balance at 30|
|||||resourcesf||expendedf|||recognised
gains|April 2021
f|
|Unrestricted|funds (As|restated)|||||||||
|General|||||||||||
|Unrestricted|fund|||7,288,639||(539,671)|||393,271|7,142,239|
##
|||Unrestricted|Total funds|
|---|---|---|---|
|||funds|at 30April|
|||Generalf|2022f|
|Fixed asset investments||2,856,976|2,856,976|
|Current|assets|507,018|507,018|
|Current|liabilities|(10,000)|(10,000)|
|Total net assets||3,353,994|3,353,994|
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|Year|Ended 30 April 2022 (continu|ed)||
|---|---|---|---|
|||Unrestricted|Total funds|
|||funds|at 30April|
||||2021|
|||General|R (As|
||||restated)|
|Fixed asset investments||6,060,998|6,060,998|
|Current|assets|1,084,241|1,084,241|
|Current|liabilities|(3,000)|(3,000)|
|Total net assets||7,142,239|7,142,239|
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|16Analysis
of n|et funds||||
|---|---|---|---|---|
|||At 1 May|Financing|At 30 April|
|||2021f|cash flows|2022f|
|Cash at bank and|in hand|1,034,241|(576,223)|458,018|
|Net funds||1,034,241|(576,223)|458,018|
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