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|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|
|||Tewkesbury
Business Park|
|||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|
|||WR11 4RS|
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||||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||
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||||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|
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||||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|
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|||||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|
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|||||||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|
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||||||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|
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|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|
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|2023|2022|
|---|---|
|Number|Number|
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||||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)|
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|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|
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|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|
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|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|
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|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|||||
||The charity had no debt during the year.|||||