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|||Page||
|---|---|---|---|
|Report of the Trustees|Ito||2|
|Report of the IndependentAuditors|3|to|5|
|Statement of Financial Activities||6||
|Balance Sheet||7||
|Cash Flow Statement||8||
|Notes to the Cash Flow Statement||9||
|Notes to the Financial Statements|IO|to|14|
|Detailed Statement of Financial Activities||15||
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||||Period|
|---|---|---|---|
||||31/12/22|
|||Yearended|to|
|||31/12/24|31/12/23|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|INCOME AND ENDOWMENTSFROM||||
|Donations and legacies|2|1,732,660||
|Investmentincome|3|72,401|2,301|
|Total|||2,301|
|EXPENDITUREON||||
|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||||
|Totalfunds broughtforward||57,865|88,670|
|TOTAL FUNDS CARRIED FORWARD|||57 ,865|
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|||2024|2023|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Investments|10|32.864|57,021|
|CURRENT ASSETS||||
|Debtors|11|2,222||
|Cash at bank||1,773,683|2,644|
|||1,775,905|2,644|
|CREDITORS||||
|Amounts falling due within one year|12|(4,041)|(1,800)|
|NET CURRENTASSETS||1,771,864||
|TOTALASSETS LESS CURRENT||||
|LIABILITIES||1,804,728|57,865|
|NET ASSETS||1,804,728|57,865|
|FUNDS|13|||
|Unrestricted funds||1,804,728|57,865|
|TOTAL FUNDS||1,804,728|57,865|
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|||||Period|
|---|---|---|---|---|
|||||31/12/22|
|||Yearended||to|
||||31/12/24|31/12/23|
||Notes||||
|Cash flows from operating activities|||||
|Cash generated from operations|1|1|,702,660|2.626|
|Net cash providedbyoperatingactivities||||2,626|
|Cash flows from investingactivities|||||
|Interestreceived|||68,379|18|
|Net cash providedby investing activities|||68,379|18|
|Change in cash and cash equivalents|in||||
|the reporting period||1.771.039||2,644|
|Cash and cash equivalents at the|||||
|beginning of the reporting period|||2,644||
|Cash and cash equivalents at the end|of||||
|the reporting period||||2,644|
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|RECONCILIATION
ACTIVITIES|OF NET INCOME/(EXPENDITURE)TONETCASH|FLOW FROM OPER|ATING|
|---|---|---|---|
||||Period|
||||31/12/22|
|||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|||
|---|---|---|---|
||At 1/1/24|Cash flow|At 31/12/24|
|Net cash||||
|Cash at bank||1 ,771,039||
||||1,773.683|
|Total||1.771,039|1,773.683|
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|2.|DONATIONSAND LEGACIES||||
|---|---|---|---|---|
|||||Period|
|||||31/12/22|
|||Year ended||to|
||||31/12/24|31/12/23|
||Gifts|1|,732.660||
|3.|INVESTMENTINCOME||||
|||||Period|
|||||31/12/22|
|||Year ended||to|
||||31/12/24|31/12/23|
||Investmentdistributions||4.022|2,283|
||Interest||68.379|18|
||||72,401|2,301|
|4.|CHARITABLEACTIVITIES COSTS||||
|||||Grant|
|||||funding of|
|||||activities|
|||||(see note|
|||||5)|
||Grants to institutions|||30,000|
|5.|GRANTS PAYABLE||||
|||||Period|
|||||31/12/22|
|||Yearended||to|
||||31/12/24|31/12/23|
||Grants to institutions||30,000||
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||||Governance|
|---|---|---|---|
||||costs|
|Other|resources|expended|4,041|
|AUDITORS' REMUNERATION|||
|---|---|---|
|||Period|
|||31/12/22|
||Yearended|to|
||31/12/24|31/12/23|
|Fees payable to thecharity's auditors for the audit ofthecharitys financial|||
|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|
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|FIXED ASSETINVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At 1 January2024|57,021|
|Revaluations|(24,157)|
|At 31 December2024|32,864|
|NET BOOK VALUE||
|At 31 December 2024|32,864|
|At 31 December 2023|57,021|
|There were no investmentassets outsidethe WK.||
|Cost orvaluation at 31 December2024 is represented by:||
||Cost orvaluation at 31 December2024 is represented by:||||
|---|---|---|---|---|
|||||Listed|
|||||investments|
||Valuation in 2024|||32,864|
|11.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2024|2023|
||Other debtors||2,222||
|12.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2024|2023|
||Other creditors||4,041|1.800|
|13.|MOVEMENT IN FUNDS||||
||||Net||
||||movement|At|
|||At 1/1/24|in funds|31/12/24|
||Unrestrictedfunds||||
||General fund|57,865|||
||TOTALFUNDS|57,865||1,804.728|
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|MOVEMENT IN FUNDS
-continued||||
|---|---|---|---|
|Net movement infunds, included in theaboveare as follows:||||
|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)|
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|||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)|||