##
##
|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|
##
##