Charlty number: 1188315 THE SP,ALDING MEMORIAL EDUCATIONAL TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |||
|---|---|---|---|
| Annualreport | |||
| Independent | examiner's | report to the trustees | |
| Receipts and | payments | account | |
| Statement of | assets and | liabilities |
| Yearto | Year | to | |||
|---|---|---|---|---|---|
| 31 December | 2022 | 31December 2021 | |||
| 6 | |||||
| RECEIPTS | |||||
| COIF Share dividends | 98,442 | 93,656 | |||
| Deposit interest | 216 | 3 | |||
| Total receipts | 98,667 | 93,659 | |||
| PAYMENTS | |||||
| Grants | 82,065 | 47,146 | |||
| Secretary's salary |
20,831 | 15,236 | |||
| Secretary's pension cost |
1,047 | 753 | |||
| Other expenses | 50 | ||||
| Printing, postage and stationery |
630 | 714 | |||
| Telephone and internet charges |
775 | 1,048 | |||
| Computer expenses | 269 | 125 | |||
| Electricity costs | 1,089 | 1,444 | |||
| Accountancy fees |
1,800 | 2,510 | |||
| Payroll fees | 600 | ||||
| Legal fees | 1,930 | ||||
| Travel costs | 191 | ||||
| Bank charges | 122 | 68 | |||
| AGM Expenses | 997 | ||||
| Purchase ofAssets |
3,136 | ||||
| Total payments | (115,281) | (70,985) | |||
| Net receipts for the year | (16,624) | 22 674 | |||
| Bank balances brought | forward | 82,854 | 60,180 | ||
| Bank balances carried forward | 666,230 | 582,854 |
| 31 December | 31December | ||||
|---|---|---|---|---|---|
| 2022 | 2021f | ||||
| MONETARY ASSETS | |||||
| Bank and cash balances: | |||||
| Charities Deposit |
Fund —Reserves | Fund | 15,390 | 15,241 | |
| Charities Deposit HSBC STCurrent |
Fund —Clare Hall Account |
Fellowship | 6,842 42,163 |
5,776 57,'840 |
|
| HSBC ERSCurrent Account | 1,836 | 2,997 | |||
| 666,230 | f82,854 | ||||
| Debtors: | |||||
| Salary overpayments | 89 | ||||
| 689 | |||||
| Liabilities: | |||||
| Accountancy fees |
estimate | (incl. VAT) | 2,040 | 2,040 | |
| Outstanding payroll costs |
716 | 765 | |||
| Grants approved | but unpaid | at the | end ofthe year | 11,690 | 10,034 |
| f14,446 | f12,839 |
| VESTMENT ASSETS ld for investment purposes: |
||
|---|---|---|
| 1,167,437 (31December 2021 —1,167,437) income units in— | ||
| COIF Investment Fund (1,102,457 units) |
3,021,614 | 3,450,250 |
| COIF Property Fund (42,764 units) |
47,617 | 54,053 |
| COIF ERS (22,216 units) | 60,889 | 69,527 |
| F3,130,120 | f3,573,830 |