| Reference and Administrative Details |
Reference and Administrative Details |
|
|---|---|---|
| Trustees' Report |
2to6 | |
| Statement ofTrustees' |
Responsibilities | |
| Independent Auditor's |
Report | 8to 12 |
| Statement of Financial |
Activities | 13 |
| Balance Sheet | 14 | |
| Cash Flow Statement | 15 | |
| Notes to the Financial | Statements | 16to 24 |
| Recognised Gains |
and Losses) | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| funds | 2022 | |||||
| Note | ||||||
| Income and Endowments | from: | |||||
| Donations and legacies |
7,629,980 | 7,629,980 | ||||
| investment income |
187,995 | 187,995 | ||||
| Total income | 7,817,975 | 7,817,975 | ||||
| Expenditure on: |
||||||
| Raising funds | (38,005) | (38,005) | ||||
| Charitable activities |
(206,350) | (206,350) | ||||
| Total expenditure | (244,355) | (244,355) | ||||
| Realised and unrealised | (losses) on investment | assets | (651,209) | (651,209) | ||
| Net income | 6,922,411 | 6,922,411 | ||||
| Net movement in funds |
6,922,411 | 6,922,411 | ||||
| Reconciliation offunds |
||||||
| Total funds carried forward | 13 | 6,922,411 | 6,922,411 | |||
| Unrestricted | Total | |||||
| Note | fundsf | 2021 E |
||||
| Income and Endowments | from: | |||||
| Donations and legacies |
25,000 | 25,000 | ||||
| Total income | 25,000 | 25,000 | ||||
| Expenditure on: |
||||||
| Charitable activities |
(25,000) | (25,000) | ||||
| Total expenditure | (25,000) | (25,000) | ||||
| Net income/(expenditure) | ||||||
| Net movement in funds |
||||||
| Reconciliation offunds |
||||||
| Total funds carried forward | 13 |
| 2022 | ||||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Investments | 10 | 5,779,728 | ||||
| Current assets | ||||||
| Debtors | 5,712 | |||||
| Cash at bank | and | in hand | 1,145,971 | |||
| 1,151,683 | ||||||
| Creditors: | Amounts | falling due within one year | 12 | (9,000 | ||
| Net current | assets | 1,142,683 | ||||
| Net assets | 6,922,411 | |||||
| Funds ofthe | charity: | |||||
| Unrestricted | income | funds | ||||
| Designated | funds | 650,000 | ||||
| General funds | 6,272,411 | |||||
| Total funds | 13 | 6,922,411 |
| Period from 1 July |
2 | 021 to 31 D | ecember 2022 | ||
|---|---|---|---|---|---|
| 2022 | |||||
| Note | |||||
| Cash flows from operating | activities | ||||
| Net income | 6,922,411 | ||||
| Adjustments to cash flows |
from non-cash | items | |||
| Investment income |
(187,995) | ||||
| Revaluation of investments |
624,185 | ||||
| 7,358,601 | |||||
| Working capital adjustments |
|||||
| Increase in debtors |
11 | (5,712) | |||
| Increase in creditors |
12 | 9,000 | |||
| Net cash flows from operating | activities | 7,361,889 | |||
| Cash flows from investing | activities | ||||
| Interest receivable and similar |
income | 3 | 492 | ||
| Purchase of investments | 10 | (9,534,724) | |||
| Sale of investments | 3,130,811 | ||||
| Income from dividends | 187,503 | ||||
| Net cash flows from investing | activities | (6,215,918) | |||
| Net increase in cash and cash |
equivalents | 1,145,971 | |||
| Cash and cash equivalents | at | 1 July | |||
| Cash and cash equivalents | at | 31 December | 1,145,971 |
| 2 Income |
from donations and legaci |
es | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total | Total | ||
| General | 2022f | 2021 | ||
| Donations | and legacies; | |||
| Donations | from individuals | 3,862 | 3,862 | |
| Legacies | and bequests | 7,626,118 | 7,626,118 | 25,000 |
| 7,629,980 | 7,629,980 | 25,000 |
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | Total | |||||
| Generalf | 2022f | |||||
| Income from | dividends; | |||||
| Dividends | and distributions | receivable | from listed investments | 187,503 | 187,503 | |
| Interest receivable | and similar | income; | ||||
| Interest receivable | on bank | deposits | 492 | 492 | ||
| 187,995 | 187,995 |
| a) Investm | ent | man | ag | ement c |
osts | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||||
| funds | Total | ||||||||
| General | 2022 | ||||||||
| Other investment | management | costs; | |||||||
| Amounts | payable | to | investment | managers | 38,005 | 38,005 | |||
| 38,005 | 38,005 | ||||||||
| 5 Expenditure |
on | charitable | activities | ||||||
| Unrestricted | |||||||||
| funds | Total | Total | |||||||
| Note | General | 2022 | 2021f | ||||||
| Grani funding of |
activities | 192,540 | 192,540 | 25,000 | |||||
| Allocated support |
costs | 1,101 | 1,101 | ||||||
| Governance | costs | 12,709 | 12,709 | ||||||
| 206,350 | 206,350 | 25,000 | |||||||
| Analysis of |
grants | ||||||||
| Grants to institutions | |||||||||
| 2022 f |
2021 f |
||||||||
| Institution | |||||||||
| Sunday Times - Young | Writer of | the Year Award | 80,000 | ||||||
| Young Vic - | production | sponsor | 45,000 | ||||||
| R N I B - Talking |
Books | Project | 25,000 | ||||||
| Forward Arts |
Foundation | - Poetry | prizes | 22,540 | |||||
| Appledore Book Festival |
20,000 | ||||||||
| Bronte Parsonage | 25,000 | ||||||||
| 192,540 | 25,000 |
| Support costs | allo | cated to | charitable activities |
|||
|---|---|---|---|---|---|---|
| Other | ||||||
| Basis of | Governance costs |
sUpport costs |
Total 2022 |
|||
| allocation | F | |||||
| Trustee consultancy | fees | 100% | 1,089 | 1,089 | ||
| Trustees' expenses | 1000/ | 2,620 | 2,620 | |||
| Bank charges | 100% | 754 | 754 | |||
| Office costs | 100% | 347 | 347 | |||
| Audit fees | 100% | 6,000 | 6,000 | |||
| Other non-audit | services | 100% | 3,000 | 3,000 | ||
| 12,709 | 1,101 | 13,810 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total | |||
| General | 2022 | |||
| Audit fees | ||||
| Audit of | the financial | statements | 6,000 | 6,000 |
| Other fees paid to auditors | 3,000 | 3,000 | ||
| Trustees' | remuneration | and expenses | 3,709 | 3,709 |
| 12,709 | 12,709 |
| Net i | ncoming re |
sources for the period include: |
|
|---|---|---|---|
| 2022 | |||
| Audit | fees | 6,000 | |
| Other | non-audit | services | 3,000 |
| Other investments | ||
|---|---|---|
| Listed | ||
| investments | Totalf | |
| Cost or Valuation | ||
| Additions | 9,534,724 | 9,534,724 |
| Disposals | (3,130,811) | (3,130,811) |
| Revaluation | (624,185) | (624,185) |
| At 31 December 2022 | 5,779,728 | 5,779,728 |
| Net book value | ||
| At 31 December 2022 | 5,779,728 | 5,779,728 |
| 12Creditor | s: amounts | falling | due within one year | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | |||||||||
| F | |||||||||
| Accruals | 9,000 | ||||||||
| 13Funds | |||||||||
| Balance at 31 | |||||||||
| Incoming | Resources | December | |||||||
| resources f |
expended | f | Transfers F |
2022f | |||||
| Unrestricted | funds | ||||||||
| General | 7,817,975 | (895,564) | (650,000) | 6,272,411 | |||||
| Designated | 650,000 | 650,000 | |||||||
| Total funds | 7,817,975 | (895,564) | 6,922,411 | ||||||
| Designated | unrestricted | funds | relate to commitments | for projects | due | to take place | in 2022/23 and |
||
| 2023/24. | |||||||||
| Incoming | Resources | Balance at 30 | |||||||
| resources f |
expended | f | June 2021 F |
||||||
| Unrestricted | funds | ||||||||
| General | 25,000 | (25,000) | |||||||
| 14Analysis | of net assets between funds | ||||||||
| Total funds | |||||||||
| at 31 | |||||||||
| Unrestricted | funds | December | |||||||
| General F |
Designated f |
2022f | |||||||
| Fixed asset investments | 5,779,728 | 5,779,728 | |||||||
| Current assets | 501,683 | 650,000 | 1,151,683 | ||||||
| Current liabilities |
(9,000) | (9,000) | |||||||
| Total net assets | 6,272,411 | 650,000 | 6,922,411 |
| 15Analysis of n |
et funds | |||
|---|---|---|---|---|
| At 31 | ||||
| At 1 July | Financing | December | ||
| 2021 F |
cash flows | 2022f | ||
| Cash at bank and | in hand | 1,145,971 | 1,145,971 | |
| Net funds | 1,145,971 | 1,145,971 |