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|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|



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|||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|





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|||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|






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|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|





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|7|Charitableactivities<br>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|



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|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||





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|15|FinancialInstruments|2023|
|---|---|---|
||Carrying'amountoffinancialassets||
||Debtinstrumentsreceivablewithinoneyear||
||-Debtors|289|
||-Cash|398,917|
|||399,206|
||Carryingamountoffinancialliabilities||
||Payablewithinoneyear||
||-CreditorsandAccruals|264,071|
||InstrumentsmeasuredatfairvaluethroughSOFA||
||Investmentsatvalue|3,057,188|



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||||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|





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