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2023-04-05-accounts
| Otherworkingname: |
TheRecordScholarshipTrust |
| CharityRegistrationNumber: |
1197459 |
| PrincipalOffice: |
RathbonesTrustCompanyLimited,PortofLiverpoolBuilding,PierHead,Liverpool,L3 |
| Trusteeswhoservedduring |
|
| theperiodandonthedate |
NeilPeterRecord(Chairman) |
| theReportwasapproved: |
KatyAlisonWealthallCarver |
|
RobertWilliamRecord |
| Committeememberswho |
AndrewHalls(Chairman) |
| servedduringtheperiodand |
AlexFrazer |
| onthedatetheReportwas |
SueWoodroofe |
| approved: |
JulieRobinson |
| Accountants: |
RathbonesTrustCompanyLimited,PortofLiverpoolBuilding,PierHead,Liverpool,L3 |
| IndependentExaminer: |
JamesHurrell,C/o8FinsburyCircus,London,EC2M7AZ |
| Solicitors: |
RathbonesLegalServices,8FinsburyCircus,London,EC2M7AZ |
| Bankers: |
LloydsBankplc,25GreshamStreet,London,EC2V7HN |
| InvestmentManagers: |
RathbonesInvestmentManagementLtd,8FinsburyCircus,London,EC2M7AZ |
|
|
Unrestricted |
Expendable |
|
|
|
General |
Endowment |
Total |
|
|
Funds |
Funds |
Funds |
|
|
2023 |
2023 |
2023 |
|
|
£ |
£ |
£ |
|
Notes |
|
|
|
| IncomeandEndowmentsfrom: |
|
|
|
|
| Donations |
3 |
12,500 |
2,940,250 |
2952,750 |
| Investments |
4 |
95,689 |
0 |
95,689 |
| OtherIncome |
5 |
2,230 |
0 |
2,230 |
| Total |
|
110,419 |
2,940,250 |
3,050,669 |
| Expenditureon: |
|
|
|
|
| Raisingfunds |
6 |
0 |
1,920 |
1,920 |
| Charitableactivities |
7 |
193,972 |
0 |
193,972 |
| Total |
|
193,972 |
1,920 |
195,892 |
| Netgains/(losses)oninvestments |
11 |
0 |
340,046 |
340,046 |
| Netincomel(expenditure) |
|
(83,553) |
3,278,376 |
3,194,823 |
| Transfersbetweenfunds |
16 |
221,188 |
(221188) |
0 |
| Netmovementinfunds |
|
137,635 |
3,057,188 |
3,194,823 |
| Reconciliationoffunds: |
10 |
|
|
|
| Balanceasat5thApril2023 |
|
137,635 |
3,057,188 |
3,194,823 |
|
|
Unrestricted |
Expendable |
|
|
|
General |
Endowment |
Total |
|
|
Funds |
Funds |
Funds |
|
|
2023 |
2023 |
2023 |
|
|
£ |
£ |
£ |
|
Notes |
|
|
|
| FixedAssets |
|
|
|
|
| Investments |
11 |
0 |
3,057,188 |
3,057,188 |
| TotalFixedAssets |
|
0 |
3,057,188 |
3,057,188 |
| CurrentAssets |
|
|
|
|
| Debtors |
12 |
2,789 |
0 |
2,789 |
| Cashatbankandinhand |
13 |
398,917 |
0 |
398,917 |
| TotalCurrentAssets |
|
401,706 |
0 |
401,706 |
| Liabilities: |
|
|
|
|
| Creditors:Amountsfallingdue |
|
|
|
|
| withinoneyear |
14 |
264,071 |
0 |
264,071 |
| NetCurrentAssets |
|
137,635 |
0 |
137,635 |
| TotalNetAssets |
|
137,635 |
3,057,188 |
3,194,823 |
| FundsoftheCharity |
16 |
|
|
|
| TotalFundsasat5thApril2023 |
|
137,635 |
3,057,188 |
3,194,823 |
| 3 |
IncomefromDonations |
2023 |
|
Investmentsreceived |
2,940,250 |
|
Cash |
10,000 |
|
GiftAid |
2,500 |
|
|
2,952,750 |
| 4 |
InvestmentsIncome |
2023 |
|
|
£ |
|
UKEquitiesandIncome-gross |
95,689 |
|
|
95,689 |
| 5 |
OtherIncome |
2023 |
|
Bankinterest |
2,230 |
|
|
2,230 |
| 6 |
Raisingfunds |
2023 |
|
RathbonesInvestmentManagementLtdfees(incVAT) |
1,920 |
|
|
1,920 |
| 7 |
Charitableactivities
Grantmaking: |
|
|
|
|
|
Direct |
Support |
TotalFunds |
|
|
Activities |
Costs |
2023 |
|
|
£ |
£ |
£ |
|
Bursariespledgedto12individuals |
137,635 |
0 |
137,635 |
|
Committeecosts(note8) |
23,833 |
0 |
23,833 |
|
Administrationand supportcosts |
0 |
3,467 |
3,467 |
|
WebsiteandOfficecosts |
161 |
9,424 |
9,585 |
|
Governancecosts(note9) |
0 |
19,452 |
19,452 |
|
|
161,629 |
32,343 |
193,972 |
| 8 |
CommitteeCosts |
|
|
2023 |
|
Director'sfees |
|
|
20,833 |
|
Committeememberremuneration(threemembers) |
|
|
3,000 |
|
|
|
|
23,833 |
| 9 |
GovernanceCosts |
|
|
2023 |
|
|
|
|
£ |
|
Legalfees(incVAT) |
|
|
7,221 |
|
Compliancefee(incVAT) |
|
|
2,400 |
|
Accountancyfee(inc VAT) |
|
|
7,200 |
|
IndependentExaminationfee(incVAT) |
|
|
1,800 |
|
Insurance |
|
|
831 |
|
|
|
|
19,452 |
| 11 |
Investments |
|
|
|
|
|
|
|
|
Acquired |
Acquisition |
Sales |
Realised |
Unrealised |
Valueat |
|
|
atvalue |
costs |
proceeds |
Gains/(Losses) |
Gains/(Losses) |
05/04/23 |
|
Listed: |
£ |
£ |
£ |
£ |
£ |
£ |
|
BondsandFixedInterest |
0 |
350,516 |
0 |
0 |
1,183 |
351,699 |
|
OverseasEquities |
0 |
225,989 |
0 |
0 |
348 |
226,337 |
|
UKEquities |
2,940,250 |
493,392 |
(1,834,000) |
404,000 |
(65,530) |
1,938,112 |
|
Commodities |
0 |
44,947 |
0 |
0 |
45 |
44,992 |
|
Cashforinvestment |
496,048 |
0 |
0 |
0 |
0 |
496,048 |
|
|
3,436,298 |
1,114,844 |
(1,834,000) |
404,000 |
(63,954) |
3,057,188 |
| 12 |
Currentassets |
|
|
|
|
2023 |
|
|
Debtors |
|
|
|
|
£ |
|
|
GiftAid |
|
|
|
|
2,500 |
|
|
Investmentincomereceivable |
|
|
|
|
289 |
|
|
|
|
|
|
|
2,789 |
|
| 13 |
Cashatbankandinhand |
|
|
|
|
2023 |
|
|
|
|
|
|
|
E |
|
|
Cashatbank |
|
|
|
|
398,917 |
|
|
|
|
|
|
|
398,917 |
|
| 14 |
Liabilities: |
|
|
|
|
2023 |
|
|
Amountsfallingduewithinoneyear: |
|
|
|
|
£ |
|
|
Grantspayable |
|
|
|
|
137,635 |
|
|
Creditors |
|
|
|
|
124,265 |
|
|
Accruals |
|
|
|
|
2,171 |
|
|
|
|
|
|
|
264,071 |
|
| 15 |
FinancialInstruments |
2023 |
|
Carrying'amountoffinancialassets |
|
|
Debtinstrumentsreceivablewithinoneyear |
|
|
-Debtors |
289 |
|
-Cash |
398,917 |
|
|
399,206 |
|
Carryingamountoffinancialliabilities |
|
|
Payablewithinoneyear |
|
|
-CreditorsandAccruals |
264,071 |
|
InstrumentsmeasuredatfairvaluethroughSOFA |
|
|
Investmentsatvalue |
3,057,188 |
|
|
|
Transfer |
Gains/ |
Balanceat |
|
Income |
Expenditure |
betweenfunds |
(Losses) |
05/04/23 |
|
£ |
£ |
£ |
£ |
£ |
| ExpendableEndowment |
|
|
|
|
|
| Investments |
2,940,250 |
(1,920) |
(221,188) |
340,046 |
3,057,188 |
| Unrestrictedfunds: |
|
|
|
|
|
| Generalfunds |
110,419 |
(193,972) |
221,188 |
0 |
137,635 |
| Totalfunds |
3,050,669 |
(195,892) |
0 |
340,046 |
3,194,823 |
| 17 |
Contingentliabilities |
2023 |
Yr7 |
Yr9 |
Total |
|
Averagescholarshipawarded |
11,470 |
688,200 |
22,940 |
711,140 |