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2024-12-30-accounts
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Page |
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| Report of the Trustees |
Ito |
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2 |
| Report of the IndependentAuditors |
3 |
to |
5 |
| Statement of Financial Activities |
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6 |
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| Balance Sheet |
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7 |
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| Cash Flow Statement |
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8 |
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| Notes to the Cash Flow Statement |
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9 |
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| Notes to the Financial Statements |
IO |
to |
14 |
| Detailed Statement of Financial Activities |
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15 |
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Period |
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31/12/22 |
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Yearended |
to |
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31/12/24 |
31/12/23 |
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Unrestricted |
Total |
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fund |
funds |
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Notes |
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| INCOME AND ENDOWMENTSFROM |
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| Donations and legacies |
2 |
1,732,660 |
|
| Investmentincome |
3 |
72,401 |
2,301 |
| Total |
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|
2,301 |
| EXPENDITUREON |
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|
|
| Charitable activities |
4 |
|
|
| Grants to institutions |
|
30,000 |
|
| Other |
|
4,041 |
600 |
| Total |
|
34,041 |
600 |
| Net gains/(losses) on investments |
|
(24,157) |
(32,506) |
| NETINCOME/(EXPENDITURE) |
|
1,746,863 |
(30.805) |
| RECONCILIATIONOF FUNDS |
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| Totalfunds broughtforward |
|
57,865 |
88,670 |
| TOTAL FUNDS CARRIED FORWARD |
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57 ,865 |
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2024 |
2023 |
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|
Unrestricted |
Total |
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fund |
funds |
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Notes |
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| FIXEDASSETS |
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| Investments |
10 |
32.864 |
57,021 |
| CURRENT ASSETS |
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| Debtors |
11 |
2,222 |
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| Cash at bank |
|
1,773,683 |
2,644 |
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|
1,775,905 |
2,644 |
| CREDITORS |
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|
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| Amounts falling due within one year |
12 |
(4,041) |
(1,800) |
| NET CURRENTASSETS |
|
1,771,864 |
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| TOTALASSETS LESS CURRENT |
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| LIABILITIES |
|
1,804,728 |
57,865 |
| NET ASSETS |
|
1,804,728 |
57,865 |
| FUNDS |
13 |
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| Unrestricted funds |
|
1,804,728 |
57,865 |
| TOTAL FUNDS |
|
1,804,728 |
57,865 |
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Period |
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31/12/22 |
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Yearended |
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to |
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31/12/24 |
31/12/23 |
|
Notes |
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| Cash flows from operating activities |
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| Cash generated from operations |
1 |
1 |
,702,660 |
2.626 |
| Net cash providedbyoperatingactivities |
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|
2,626 |
| Cash flows from investingactivities |
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| Interestreceived |
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|
68,379 |
18 |
| Net cash providedby investing activities |
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|
68,379 |
18 |
| Change in cash and cash equivalents |
in |
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| the reporting period |
|
1.771.039 |
|
2,644 |
| Cash and cash equivalents at the |
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| beginning of the reporting period |
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|
2,644 |
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| Cash and cash equivalents at the end |
of |
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| the reporting period |
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|
2,644 |
RECONCILIATION
ACTIVITIES |
OF NET INCOME/(EXPENDITURE)TONETCASH |
FLOW FROM OPER |
ATING |
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|
Period |
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|
31/12/22 |
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Yearended |
to |
|
|
31/12/24 |
31/12/23 |
| Net income/(expenditure) forthe reporting period (as per the |
|
|
|
| Statement of Financial Activities) |
|
1.746,863 |
(30.805) |
| Adjustrnents for: |
|
|
|
| Losses on investments |
|
24,157 |
32,506 |
| Interestreceived |
|
(68,379) |
(18) |
| (Increase)/decrease |
in debtors |
(2,222) |
343 |
| Increase in creditors |
|
2,241 |
600 |
| Netcash provided by operations |
|
1,702,660 |
2,626 |
| ANALYSIS OF CHANGES IN NETFU |
NDS |
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At 1/1/24 |
Cash flow |
At 31/12/24 |
| Net cash |
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|
| Cash at bank |
|
1 ,771,039 |
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|
1,773.683 |
| Total |
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1.771,039 |
1,773.683 |
| 2. |
DONATIONSAND LEGACIES |
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Period |
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31/12/22 |
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Year ended |
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to |
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31/12/24 |
31/12/23 |
|
Gifts |
1 |
,732.660 |
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| 3. |
INVESTMENTINCOME |
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Period |
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31/12/22 |
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Year ended |
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to |
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31/12/24 |
31/12/23 |
|
Investmentdistributions |
|
4.022 |
2,283 |
|
Interest |
|
68.379 |
18 |
|
|
|
72,401 |
2,301 |
| 4. |
CHARITABLEACTIVITIES COSTS |
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Grant |
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funding of |
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|
activities |
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(see note |
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5) |
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Grants to institutions |
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|
30,000 |
| 5. |
GRANTS PAYABLE |
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Period |
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31/12/22 |
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Yearended |
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to |
|
|
|
31/12/24 |
31/12/23 |
|
Grants to institutions |
|
30,000 |
|
|
|
|
Governance |
|
|
|
costs |
| Other |
resources |
expended |
4,041 |
| AUDITORS' REMUNERATION |
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|
Period |
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31/12/22 |
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Yearended |
to |
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31/12/24 |
31/12/23 |
| Fees payable to thecharity's auditors for the audit ofthecharitys financial |
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| statements |
3.000 |
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| COMPARATIVESFORTHE STATEMENTOF FINANCIALACTIVI |
TIES |
|
Unrestricted |
|
fund |
| INCOME AND ENDOWMENTSFROM |
|
| Investmentincome |
2,301 |
| EXPENDITUREON |
|
| Other |
600 |
| Net gains/(losses) on investments |
(32,506) |
| NET INCOME/(EXPENDITURE) |
(30,805) |
| RECONCILIATION OF FUNDS |
|
| Total funds brought forward |
88,670 |
| TOTAL FUNDSCARRIED FORWARD |
57.865 |
| FIXED ASSETINVESTMENTS |
|
|
Listed |
|
investments |
| MARKET VALUE |
|
| At 1 January2024 |
57,021 |
| Revaluations |
(24,157) |
| At 31 December2024 |
32,864 |
| NET BOOK VALUE |
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| At 31 December 2024 |
32,864 |
| At 31 December 2023 |
57,021 |
| There were no investmentassets outsidethe WK. |
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| Cost orvaluation at 31 December2024 is represented by: |
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Cost orvaluation at 31 December2024 is represented by: |
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|
Listed |
|
|
|
|
investments |
|
Valuation in 2024 |
|
|
32,864 |
| 11. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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|
2024 |
2023 |
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Other debtors |
|
2,222 |
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| 12. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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|
2024 |
2023 |
|
Other creditors |
|
4,041 |
1.800 |
| 13. |
MOVEMENT IN FUNDS |
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Net |
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|
|
|
movement |
At |
|
|
At 1/1/24 |
in funds |
31/12/24 |
|
Unrestrictedfunds |
|
|
|
|
General fund |
57,865 |
|
|
|
TOTALFUNDS |
57,865 |
|
1,804.728 |
MOVEMENT IN FUNDS
-continued |
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| Net movement infunds, included in theaboveare as follows: |
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|
|
| Incoming |
Resources |
Gains and |
Movement |
| resources |
expended |
losses |
in funds |
| Unrestrictedfunds |
|
|
|
| General fund |
(34,041) |
(24,157) |
|
| TOTAL FUNDS |
(34.041) |
(24.157) |
|
| Comparatives for movement in funds |
|
|
|
|
|
Net |
|
|
At |
movement |
At |
|
31/12/22 |
in funds |
31/12/23 |
| Unrestrictedfunds |
|
|
|
| General fund |
88,670 |
(30,805) |
57,865 |
| TOTALFUNDS |
88,670 |
(30,805) |
57,865 |
| Comparative net movement in fun |
s. included in the abovear |
e as follows: |
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
| Unrestrictedfunds |
|
|
|
|
| General fund |
2,301 |
(600) |
(32,506) |
(30,805) |
| TOTALFUNDS |
2,301 |
(600) |
(32,506) |
(30,805) |
|
|
period |
period |
|
|
|
31/12/2 |
|
2 |
|
Year ended |
to |
|
|
|
31/12/24 |
31/12/23 |
|
|
| INCOME AND ENDOWMENTS |
|
|
|
|
| Donations and legacies |
|
|
|
|
| Gifts |
1,732,660 |
|
|
|
| Investment income |
|
|
|
|
| Investmentdistributions |
4,022 |
2,283 |
|
|
| Interest |
68,379 |
|
18 |
|
|
72,401 |
2,301 |
|
|
| Totalincomingresources |
|
2,301 |
|
|
| EXPENDITURE |
|
|
|
|
| Charitable activities |
|
|
|
|
| Grants to institutions |
30,000 |
|
|
|
| Support costs |
|
|
|
|
| Govemance costs |
|
|
|
|
| Auditors' remuneration |
3,000 |
|
|
|
| Accountancy fees |
|
|
|
|
| Professional fees |
1,041 |
|
|
|
|
4,041 |
|
600 |
|
| Total resources expended |
34,041 |
|
600 |
|
| Net income before gains and losses |
1 ,771,020 |
1 |
,701 |
|
| Gains and losses |
|
|
|
|
| Gains/(losses)on investments |
(24,157) |
(32,506) |
|
|
| Net income/(expenditure) |
|
(30,805) |
|
|