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|Contents||
|---|---|
|Legal and Administrative
Information||
|Trustees'
Annual
Report||
|Trustees'
responsibilities
in relation to the financial statements||
|Independent
Auditor's
Report to the Trustees ofthe Edward|Holt Trust|
|Statement of Financial Activities for the year ended 31 March|2023|
|Balance Sheet at 31 March 2023||
|Notes to the Financial Statements||
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|||||Unrestricted|Funds|Unrestricted|Funds|
|---|---|---|---|---|---|---|---|
||||Note|31-Mar-23||31-Mar-22||
|INCOME AND ENDOWMENTS||||||||
|Investment
income|||||151,328||142,876|
|Income from charitable
activilies:||||||||
|Residents'
rent contributions|||||88,897||92,261|
|Wayleave
and ground
rent|||||89||89|
|TOTAL INCOME|||||240,314||235,226|
|OPEN DITURE||||||||
|Costs ofraising funds:||||||||
|Investment
management|costs||||37,842||42,762|
|Expenditure
on charitable
activities:||||||||
|Holt House|||||135,463||124,553|
|Edward
Holt House|||||16,035||16,035|
|Edward
Holt House (Paddington)|||||9,834||9,834|
|67 Whitehall
Street|||||16,465||25,655|
|Institutional
grants|||||354,935||266,310|
|Strategic planning|||||3,544||3,452|
|TOTAL EXPENDITURE|||||574,118||488,601|
|NET (EXPENDITURE)/INCOME||AND||||||
|NET MOVEMENT
IN FUNDS
GAINS AND LOSSES ON|BEFORE|||(333,804)||(253,375)||
|INVESTMENTS||||||||
|Net (losses)/gains
on investments|||13|(283,923)|||202,487|
|NET MOVEMENT
IN FUNDS||||(617,727)|||(50,888)|
|Reconciliation
offunds||||||||
|Total funds brought
forward|||17,18|8,585,702||8,636,590||
|TOTAL FUNDS CARRIED FORWARD|||17,19|7,967,975||8,585,702||
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||Funds|Funds|
|||31-Mar-23|31-Mar-22|
||Note|f|f|
|FIXEDASSETS||||
|Tangible assets|12|2,276,479|2,298,943|
|Investments|13|5 506,503|6,074,647|
|TOTAL FIXEDASSETS||7702,982|8 373590|
|CURRENTASSETS||||
|Debtors|15|56,591|59,548|
|Cash at bank and
in hand|14|229,652|184,746|
|TOTAL CURRENT ASSETS||286,243|244 294|
|LIABILITIES||||
|Creditors:
falling due within one||||
|period|16|101,250|32 182|
|NET CURRENT ASSETS||104993|212,112|
|NET ASSETS||7 967 975|8,585,702|
|THE FUNDS OF THE CHARI'TY||||
|General fund|18|7,967,975|8,585,702|
|TOTAL CHARITY FUNDS||7,967,975|8,585,702|
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|1) INVES|TMENT I|NCOME|||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||31-Mar-23|31-Mar-22|
|Dividends|received|—Sarasin|80,794|100,351|
|Dividends|received|—Evelyn Partners|70,476|38,960|
|Bank interest|||58|3,565|
||||151,328|142,876|
##
|||||||31-Mar-23||
|---|---|---|---|---|---|---|---|
||||||Charitable
Activities|Support and
Governance
Costs|Unrestricted
2022|
|||||Note||||
|Holt House|||||114,952|20,511|135,463|
|Edward|Holt||House||16,035||16,035|
|Edward|Holt||House (Paddington)||9,834||9,834|
|67 Whitehall|||Street||7,607|8,858|16,465|
|Institutional||grants|||342,534|12,401|354,935|
|Strategic|planning|||||3,544|3,544|
||||||490,962|45,314|536,276|
|||||||31-Mar-22||
||||||Charitable
Activities|Supportand
Governance
Costs|Unrestricted
2021|
|||||||F||
|Holt House|||||98,479|26,074|124,553|
|Edward|Holt||House||16,035||16,035|
|Edward|Holt||House (Paddington)||9,834||9,834|
|67 Whitehall|||Street||9,983|15,672|25,655|
|Institutional|||grants||254,298|12,012|266,310|
|Strategic planning||||||3,452|3,452|
||||||388,629|57 210|445,839|
##
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|||||Edward|||||
|---|---|---|---|---|---|---|---|---|
|||Holt
House|Edward
Holt
House|Holt
House
(Paddingt|67
Whitehall
Street|In stitutio
nal
grants|Strategic
planning|Total
allocated|
|||||on)|||||
|Secretarial fees||6,794|||5,663|7,928|2,265|22,650|
|Legal & Professional|Fees|9,884||||||9,884|
|Bank Charges
Trustee expenses||61
11|||51
9|72
12|21
4|205
36|
|||16,750|||5,723|8,012|2 290|32775|
|GOVERNANCE COSTS|GOVERNANCE COSTS|31-Mar-23
f|31-Mar-22
F.|
|---|---|---|---|
|Audit fee||7,896|7,896|
|Secretarial expenses||473|469|
|Other Professional|Fees|40|146|
|Trustee Training|||198|
|Trustee
Indemnity|Insurance|4,130|3,782|
|||12,539|12491|
|The total governance
cost attributable
to|The total governance
cost attributable
to|charitable
activities|is then appo|
|---|---|---|---|
|ALLOCATION
OF GOVERNANCE||31-Mar-23|31-Mar-22|
|COSTS||f|f|
|Holt House||3,761|3,747|
|Edward
Holt|House|||
|Edward
Holt|House (Paddington)|||
|67 Whitehall|Street|3,135|3,123|
|Institutional|grants|4,389|4,372|
|Strategic planning||1,254|1,249|
|||12,539|12,491|
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|4) HOLT HO|USE EXPE|NDITURE|||
|---|---|---|---|---|
||||31-Mar-|31-Mar-|
||||23|22|
||||f|f|
|Costs in the|furtherance|ofthe charity's|||
|objectives:|||||
|Residents'|Council Tax||810|1,143|
|Water charges|||3,780|4,302|
|Insurance|||6,529|6,024|
|Gas|||11,773|9,043|
|Electricity|||799|1,691|
|Garden expenses|||5,481|4,869|
|Repairs and renewals|||32,665|21,899|
|Telephone|||282|261|
|Sundry expenses|||474|499|
|Cleaning|||8,852|8,024|
|Depreciation|||30,817|28,519|
|Housing
management||fees|12,690|12205|
||||114,952|98,479|
##
|5) EDWARD HOLT|HOUSE EXPENDITURE||
|---|---|---|
||31-Mar-23|31-Mar-22|
||F.|f|
|Depreciation|16,035|16,035|
##
|6) EDWARD HOLT
EXPENDITURE|HOUSE (PADDINGTON)||
|---|---|---|
||31-Mar-23|31-Mar-22|
||F|f|
|Depreciation|9,834|9,834|
##
|7) 67WHITEHALL STREE|TEXPENDITURE||
|---|---|---|
||31-Mar-23|31-Mar-22|
||F.|F|
|Insurance|538|444|
|Repairs and maintenance||3,785|
|Utilities|20|488|
|Council Tax|(231j|925|
|Depreciation|7 280|4,341|
||7,607|9,983|
##
##
|8) GRANTS||||
|---|---|---|---|
|||31-Mar-23|31-Mar-22|
|||f|f|
|Back on Track||7,713||
|Booth Centre||32,500|32,500|
|Caritas||55,000|65,000|
|Contact||10,000|10,000|
|Greater Together Manchester||37,088|43,576|
|Keeping
It Real 24/7||2,200||
|Maggie's||14,000|12,000|
|Manchester|Vineyard|66,000||
|MASH||31,158||
|PC Refurb||36,875||
|On the Out|||26,222|
|Salford Loaves and Fishes||25,000|35,000|
|Salford CAB||15,000|30,000|
|The United Estates of Wythenshawe||10000||
|||342,534|254,298|
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|13) INVESTMENTS|||
|---|---|---|
|||General|
|||fund|
|||E|
|Market value at 31 March|2022|6,074,646|
|Additions
to investments|at cost|390,723|
|Disposals at carrying
value
Net (loss) on revaluation||(573,743)
~385 333|
|Market value at 31 March|2023|5 555,533|
|||Cost at 31
Mar 2023|Market
value 31
Mar 2023|Market
value 31
Mar 2022|
|---|---|---|---|---|
|Listedinvestments||||f|
|United Kingdom|quoted investments|2,907,606|5,506,503|6,074,647|
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|14) CASH AT|BANK|AND IN HAN|D||
|---|---|---|---|---|
||||31-Mar-23|31-Mar-22|
||||E|f|
|Cash at bank|||||
|RBS|||118,963|160,193|
|Affirmative|Deposit||401|394|
|Cash with Investment||Managers|||
|Sarasin LLP|||60,128|88|
|Evelyn Partners|||50,160|24,071|
||||229,652|184,746|
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|15) D|EBTORS|||||
|---|---|---|---|---|---|
|||||31-Mar-|31-Mar-|
|||||23|22|
|||||E|E|
|Trade|Debtors|||20,483||
|Sundry|payments|in advance|and accrued interest|36,108|59,548|
|||||56 591|59548|
|16)CREDITORS: Amounts
falling due|within one period||
|---|---|---|
||31-Mar-|31-Mar-|
||23|22|
||E|F|
|Trade creditors|6,448|4,099|
|Accruals|94 802|28,083|
||101,250|32 182|
##
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|17)ANALYSIS O|F FUNDS|||
|---|---|---|---|
|||Unrestricted|General|
|||Fund Total||
|||f||
|Fixed assets||||
|Tangible assets|||2,276,479|
|Investments|||5,506,503|
||||7,782,982|
|Current assets||||
|Debtors|||56,591|
|Cash at bank and|in hand||229,652|
||||286,243|
|Creditors: Amounts|falling due within one year||101250|
|Net current assets|||184,993|
|Total net assets as at 31 March 2023|||7,967,975|
|Total net assets as at 31 March 2022|||8585702|
##
|||Unrestricted|General|
|---|---|---|---|
|||Fund Total||
|||f||
|Fixed assets||||
|Tangible assets|||2,298,943|
|investments|||6 074 647|
||||8,373,590|
|Current assets||||
|Debtors|||59,548|
|Cash at bank and|in hand||184,746|
||||244,294|
|Creditors: Amounts|falling due within one year||32,182|
|Net current assets|||212,112|
|Total net assets as at 31 March 2022|||8 585702|
|Total net assets as at 31 March 2021|||8,636,590|
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