| 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 |