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||||Page|
|---|---|---|---|
|Report of|the Trustees||1-9|
|Report of|the Independent|Auditors|10 —12|
|Statement|of Financial Activities||13|
|Balance Sheet||||
|Statement|ofCash Flows||15|
|Notes to the Accounts|||16 —20|
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|Charity name||The Chimo Trust CIO|The Chimo Trust CIO|("Chimo")|("Chimo")||
|---|---|---|---|---|---|---|
|Registered charity|number|1198696|||||
|Principal address||Charlton
House|||||
|||Wincanton|||||
|||Somerset|||||
|||BA9 8ES|||||
|Trustees||Gavin White (appointed|||22.4.22)||
|||Nigel Corner (appointed|||22.4.22)||
|||Dr Alexandra)affee|{appointed 12.10.22)||||
|||Fiorella Massey MBE||(appointed||12.10.22)|
|||Sir Charles Walker|KBE||(appointed|22.4.22)|
|Auditors||Anderson
Barrowcliff||LLP|||
|||3 Kingfisher
Court|||||
|||Bowesfield
Park|||||
|||Stockton on Tees|||||
|||TS183EX|||||
|Bankers/Investment|advisors|UBSAG|||||
|||5 Broadgate|||||
|||London|||||
|||EC2M 2QS|||||
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|Organisation|Funding for|||||||
|---|---|---|---|---|---|---|---|
|Dose ofNature|Additional
psychologist
to expand
nature|||walks|programme|||
|Empire Fighting Chance|Director ofmethodology/programming||for national|||roll-out|ofboxing therapy|
|Grow|Head ofprogramming
for gardening|programme||||||
|Comics Youth|Development
director for expanded|arts||programme||||
|SLTH|Operations
manager for equine assisted|||therapy|programme||and CRM system|
|The Wave Project|Expansion ofsurf therapy
programme|||||||
|Odd Arts|Expansion ofcreative arts programme|||||||
|The Music Works|Study to evaluate
music on prescnption|||||||
|Core Arts|Refurbishment
oftouring
canal boat|to|expand||reach|||
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||||||Total|
|---|---|---|---|---|---|
||||||Funds (all|
||||||unrestricted)|
||||||2023|
|||||Note|E|
|Income||||||
|Donations
and|legacies|||2|5,382,766|
|Investment
income||||3|7,519|
|Tata I income|||||5,390,285|
|Expenditure||||||
|Raisingfunds||||4|11,049|
|Charitable
activities||||5|914,482|
|Total Expenditure|||||925,531|
|Net income before other gains/(losses)|||on investments||4,464,754|
|Gains 8 losses|on investment|assets||||
|Unrealised
loss|on investments||||(338,772)|
|Net movement|in funds||||4,125,982|
|Reconciliation|ofFunds|||||
|Total funds carried forward at 30April 2023|||||4,125,982|
|||||||2023|
|---|---|---|---|---|---|---|
|||||Note|6||
|Fixed Assets|||||||
|Investments||||||4,985,421|
|Creditors: amounts||falling|due within one year|12|326,939||
|Net Current|Liabilities|||||(326,939)|
|Total Assets|Less Current||Liabilities|||4,658,482|
|Creditors: amounts||falling|due after more than one year|13||(532,500)|
|Net Assets||||||4,125,982|
|Funds|||||||
|Unrestricted|funds|||||4,125,982|
|Total Funds||||||4,125,982|
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|||||||2023|
|---|---|---|---|---|---|---|
||||||~Not|6|
|Cash from operating
activities|||||14|4,977,463|
|Cash flow|from investing|activities|||||
|Payments|to acquire listed|investments||||(4,985,421)|
|Dividends|received|||||2,615|
|Interest received||||||4,904|
|Net cash flow used in investing activities||||||(4,977,902)|
|Change
in cash and cash||equivalents|in the|year||(439)|
|Cash and|cash equivalents|at the beginning||ofthe year|||
|Cash and|cash equivalents|at the end|ofthe|year —bank overdraft||(439)|
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|||||||2023|
|---|---|---|---|---|---|---|
|||||||E|
||Donations|||||5,382,766|
|||||||5,382,766|
|3|INVESTMENT|||INCOME|||
|||||||2023|
|||||||E|
||Dividend|income||||2,615|
||Interest|receivable||||4,904|
|||||||7,519|
|4|COSTS OF RAISING FUNDS||||||
|||||||2023|
|||||||E|
||Website|costs||||1,984|
||Investment||management||costs|9,065|
|||||||11,049|
|5|CHARITABLE|||ACTIVITIES|||
|||||||2023|
|||||||E|
||Grants paid||(see note 7)|||910,000|
||Governance||costs (see note 6)|||4,482|
|||||||914,482|
|6|GOVERNANCE|||COSTS|||
|||||||2023|
|||||||E|
||Auditors|remuneration||||4,000|
||Professional||fees|||482|
|||||||4,482|
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|7|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS||||||
|---|---|---|---|---|---|---|---|
||Recipients ofinstitutional||grants||||Amount|
||||||||awarded|
||||||||2023|
||||||||E|
||Dose ofNature||||||150,000|
||Strength
&Learning Through||Horses||||170,000|
||Empire Fighting Chance||||||90,000|
||The Wave Project||||||90,000|
||Grow||||||90,000|
||Core Arts||||||50,000|
||The Music Works||||||90,000|
||Comics Youth CIC||||||90,000|
||Odd Arts||||||90,000|
||||||||910,000|
|8|NET INCOME FOR THE YEAR|||||||
||This is stated after charging:-|||||||
||||||||2023|
||||||||E|
||Statutory
audit||||||4,000|
||Tax advisory services||||||482|
|9|AVERAGE NUMBER OF EMPLOYEES|||||||
||The average
monthly|head count for||the year was|NIL|||
|10|TRUSTEES'AND
KEY|MANAGEMENT||PERSONNEL REMUNERATION||AND EXPENSES||
||None ofthe Trustees|received any remuneration|||in the year.|||
||None ofthe Trustees|had expenses||in the year.||||
|11|FIXED ASSET INVESTMENTS|||||||
||||||||2023|
||||||||E|
||Listed investments|||||||
||Additions||||||5,379,193|
||Disposals||||||(55,000)|
||Loss on revaluation||||||(338,772)|
||Fair value at 30April|2023|||||4,985,421|
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|12|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||
|||||||2023|
|||||||E|
||Bank overdraft|||||439|
||Accruals|||||326,500|
|||||||326,939|
|13|CREDITORS: AMOUNTS|||FALLING DUE AFTER||MORE THAN ONE YEAR|
|||||||2023|
|||||||E|
||Accruals|||||532,500|
|||||||532,500|
|13|RELATED PARTY TRANSACTIONS||||||
||During the|year Gavin White,|||chair oftrustees,|donated E5,381,176.There were no other related party|
||transactions|in the|year.||||
|14|RECONCILIATION||OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES||||
|||||||2023|
|||||||E|
||Net income for year|||||4,464.754|
||Unrealised|loss on|listed|investments||(338.772)|
||Increase
in|creditors||||859.000|
||Dividends|received||||(2,615)|
||Interest received|||||(4,904)|
||Net cash flow from||operating||activities|4,977,463|