| Trustees | Mr. A G Bealby | |
|---|---|---|
| Mr. S Kelly | ||
| Mr. M C Bunn | ||
| Mr. P C Mason | ||
| Mr. EW Dudley | ||
| Ms. J G Cole | ||
| Mr. T Daffurn | ||
| Ms D Terry | ||
| Charity | number | 1188146 |
| Principal | address | Unit 12 |
| Basepoint, Oakfield Close |
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| Tewkesbury Business Park |
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| Tewkes bury |
||
| Gloucestershire | ||
| United Kingdom |
||
| GL20 8SD | ||
| Auditor | Kendall Wadley LLP | |
| Merevale House |
||
| 27 Sansome Walk | ||
| Worcester | ||
| Worcestershire | ||
| United Kingdom |
||
| WR1 1NU | ||
| Bankers | NatWest Bank PLC | |
| The Round House | ||
| 2 Bridge Street | ||
| Evesham | ||
| Worcestershire | ||
| United Kingdom |
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| WR11 4RS |
| Page | |||
|---|---|---|---|
| Trustees' | report | 1-4 | |
| Statement | oftrustees' | responsibilities | |
| Independent auditor's |
report | 6-9 | |
| Statement | offinancial | activities | 10 |
| Statement | offinancial | position | |
| Statement | ofcash flows | 12 | |
| Notes to the financial | statements |
| Unrestricted Unrestricted |
Unrestricted Unrestricted |
|||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2022 | |||
| Notes | F | |||
| Income from: | ||||
| Donations and |
legacies | 1,500,480 | ||
| Investments | 7,137 | 8,435 | ||
| Total income | 7,137 | 1,508,915 | ||
| Ex enditure on: | ||||
| Raising funds | 23,491 | 20,014 | ||
| Charitable activities |
764,943 | 125,000 | ||
| Total expenditure | 788,434 | 145,014 | ||
| Net losses on investments | 10 | 15,188 | (84,130) | |
| Net movement | in funds | (766,109) | 1,279,771 | |
| Fund balances | at 1 August 2022 | 2,775,873 | 1,496,102 | |
| Fund balances at 31 July 2023 | 2,009,764 | 2,775,873 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Fixed assets | ||||||
| Investments | 12 | 1,425,941 | 1,413,739 | |||
| Current assets | ||||||
| Trade and other receivables | 13 | 1,866 | 1,866 | |||
| Cash at bank and in hand | 817,614 | 1,471,377 | ||||
| 819,480 | 1,473,243 | |||||
| Current liabilities |
||||||
| Other payables | 14 | 235,657 | 111,109 | |||
| Net current assets | 583,823 | 1,362,134 | ||||
| Total assets less current | liabilities | 2,009,764 | 2,775,873 | |||
| Income funds | ||||||
| Unrestricted funds |
2,009,764 | 2,775,873 | ||||
| 2,009,764 | 2,775,873 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash (absorbed by)/generated |
from | ||||||
| operations | (663,886) | 1,460,809 | |||||
| Investing activities |
|||||||
| Purchase of investments | (978,464) | (1,893,359) | |||||
| Proceeds on disposal of investments | 980,785 | 411,427 | |||||
| Investment income received |
7,137 | 8,435 | |||||
| Net cash generated from/(used in) |
|||||||
| investing activities |
9,458 | (1,473,497) | |||||
| Net cash used in financing |
activities | ||||||
| Net decrease in cash and |
cash equivalents | (654,428) | (12,688) | ||||
| Cash and cash equivalents | at beginning | ofyear | 1,487,314 | 1,500,002 | |||
| Cash and cash equivalents | at end of | year | 832,886 | 1,487,314 | |||
| Relating to: | |||||||
| Cash at bank and in hand | 817,614 | 1,471,377 | |||||
| Short term deposits included |
in current | asset | |||||
| investments | 15,272 | 15,937 |
| Total | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| funds | |||||||
| 2023 | 2022 | ||||||
| Donations | and | gifts | 1,500,480 | ||||
| 3 | Investments | ||||||
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| 2023 | 2022 | ||||||
| Income from | listed | investments | 7,137 | 8,435 | |||
| 4 | Raising funds | ||||||
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| 2023 | 2022 | ||||||
| F | |||||||
| Fundraisin | and | ublicit | |||||
| Governance | costs | 7,560 | 7,689 | ||||
| Support costs | 5,808 | 1,760 | |||||
| Fundraising | and publicity | 13,368 | 9,449 | ||||
| Investment | mana | ement | 10,123 | 10,565 | |||
| 23,491 | 20,014 | ||||||
| 5 | Charitable | activities | |||||
| Charitable | Charitable | ||||||
| Expenditure | Expenditure | ||||||
| 2023 | 2022 | ||||||
| Grant funding | ofactivities (see note 6) | 764,943 | 125,000 |
| Charitable | Charitable | |||||
|---|---|---|---|---|---|---|
| Expenditure | Expenditure | |||||
| 2023 | 2022 | |||||
| F | F | |||||
| Grants to | institutions: | |||||
| Bletchley | Park | 640,000 | 100,000 | |||
| Postal Family Fund (formerly | known as The Post Office Orphans | Benevolent | ||||
| Institution) | 35,000 | 25,000 | ||||
| Postal Heritage | Museum | 12,950 | ||||
| Colchester | Institution | 5,000 | ||||
| Commonwealth | War Graves | Commission | 71,993 | |||
| 764,943 | 125,000 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2023 | Support | Governance | 2022 | ||
| costs | costs | costs | costs | ||||
| F | |||||||
| Insurance | 2,800 | 2,800 | 934 | 934 | |||
| Mileage | 2,719 | 2,719 | 277 | 277 | |||
| Advertising | 289 | 289 | 245 | 245 | |||
| Venue hire | 304 | 304 | |||||
| Audit fees | 4,500 | 4,500 | 4,500 | 4,500 | |||
| Accountancy | 3,060 | 3,060 | 3,189 | 3,189 | |||
| 5,808 | 7,560 | 13,368 | 1,760 | 7,689 | 9,449 | ||
| Analysed | between | ||||||
| Fundraising | 5,808 | 7,560 | 13,368 | 1,760 | 7,689 | 9,449 |
| 2023 | 2022 |
|---|---|
| Number | Number |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2022 | |||
| Revaluation | of | investments | (4,212) | (62,578) |
| Gain/(loss) | on | sale of investments | 19,400 | (21,552) |
| 15,188 | (84,130) |
| Fixed ass | et investments | |||
|---|---|---|---|---|
| Listed | Cash in | Total | ||
| investments | portfolio | |||
| Cost or valuation | ||||
| At 1 August 2022 | 1,397,802 | 15,937 | 1,413,739 | |
| Additions | 978,464 | 987,922 | 1,966,386 | |
| Valuation | changes | 15,188 | 15,188 | |
| Disposals | (980,785) | (988,587) | (1,969,372) | |
| At 31 July | 2023 | 1,410,669 | 15,272 | 1,425,941 |
| Carrying | amount | |||
| At 31 July | 2023 | 1,410,669 | 15,272 | 1,425,941 |
| At 31 July | 2022 | 1,397,802 | 15,937 | 1,413,739 |
| Trade and other rece | ivables | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Amounts falling due |
within one year: | ||
| Prepayments and accrued income |
1,866 | 1,866 | |
| Other creditors falling due within one year | |||
| 2023 | 2022 | ||
| Trade payables | 2,814 | 2,100 | |
| Other payables | 155,800 | ||
| Accruals and deferred | income | 77,043 | 109,009 |
| 235,657 | 111,109 |
| Analysis of net assets between funds |
|||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2023 | 2022 | ||
| Fund balances at 31 July 2023 are represented | by: | ||
| Investments | 1,425,941 | 1,413,739 | |
| Current assets/(liabilities) | 583,823 | 1,362,134 | |
| 2,009,764 | 2,775,873 |
| 18 | Cash generated from operations |
2023 | 2022 | ||
|---|---|---|---|---|---|
| (Deficit)/surpus for the year |
(766,109) | 1,279,771 | |||
| Adjustments for: |
|||||
| Investment income recognised in statement |
offinancial | activities | (7,137) | (8,435) | |
| (Gain)/loss on disposal of investments |
(19,400) | 21,552 | |||
| Fair value gains and losses on investments | 4,212 | 62,578 | |||
| Movements in working capital: |
|||||
| (Increase) in trade and other receivables |
(1,866) | ||||
| Increase in trade and other payables |
124,548 | 107,209 | |||
| Cash (absorbed by)/generated from operations |
(663,886) | 1,460,809 | |||
| 19 | Analysis ofchanges in net funds |
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| The charity had no debt during the year. |