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|Trustees|Mr TG White|(Appointed 13 February 2023)|
|---|---|---|
||Mrs CJ White|(Appointed 13 February 2023)|
||Mrs JL D'Angelo|(Appointed 13 February 2023)|
||Mr AEJ Hall|(Appointed 13 February 2023)|
|Senior management|Mr T G White|Chair|
||Mrs J L D'Angelo|Administrative role|
|Charity number (England and Wales)|1201929||
|Principal address|The Grange||
||Longmeadow||
||Lode||
||Cambridge||
||CB25 9HA||
|Auditor|Whitings LLP||
||Fenland House||
||15B Hostmoor Avenue||
||March||
||Cambridgeshire||
||PE150AX||
|Bankers|Lloyds Bank||
||98 Victoria Street||
||London||
||SW1W 5JL||
|Investment advisors|City Asset Management PLC||
||7 Bishopgate||
||London||
||EC2N 3AR||
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||Page|
|---|---|
|Trustees' report|1 -4|
|Statement of trustees' responsibilities|5|
|Independent auditor's report|6-8|
|Statement of financial activities|9|
|Balance sheet|10|
|Statement of cash flows|11|
|Notes to the financial statements|12-18|
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|||Unrestricted Total|Unrestricted Total|
|---|---|---|---|
|||funds||
|||2024 2024||
||Notes £ £|||
|Income from:||||
|Donations and legacies|3|3,500,000|3,500,000|
|Investments|4|96,210|96,210|
|Total income||3,596,210 3,596,210||
|Expenditure on:||||
|Charitable activities|5|2,395|2,395|
|Investment management costs||16,211|16,211|
|Other expenditure|8|3,561|3,561|
|Total expenditure||22,167|22,167|
|Net gains/(losses) on investments||42,287|42,287|
|Net income and movement in funds||3,616,330 3,616,330||
|Reconciliation of funds:||||
|Fund balances at 13 February 2023||||
|Fund balances at 5 April 2024||3,616,330 3,616,330||
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|||2024|
|---|---|---|
||Notes|£ £|
|Fixed assets|||
|Investments|10|3,098,613|
|Current assets|||
|Debtors|12|123|
|Cash at bank and in hand||518,655|
|||518,778|
|Creditors: amounts falling due within one year|13|(1,061)|
|Net current assets||517,717|
|Total assets less current liabilities||3,616,330|
|Net assets||3,616,330|
|The funds of the Foundation|||
|Unrestricted funds|14|3,616,330|
|Total funds||3,616,330|
|The financial statements were approved by the trustees on|izKfx^||
|Mr TG White||/^FS^
;J White|
|Trustee||^t
see|
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|||2024|
|---|---|---|
||Notes|£ £|
|Cash flows from operating activities|||
|Cash generated from operations|17|3,478,771|
|Investing activities|||
|Purchase of investments||(3,056,327)|
|Investment income received||96,211|
|Net cash used in investing activities||(2,960,116)|
|Net cash generated from financing activities|||
|Net increase in cash and cash equivalents||518,655|
|Cash and cash equivalents at beginning of period|||
|Cash and cash equivalents at end of period||518,655|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds||
|||2024|2024|
|||£|£|
||Donations and gifts|3,500,000|3,500,000|
|4|Income from investments|||
|||Unrestricted|Total|
|||funds||
|||2024|2024|
|||£||
||Income from listed investments|51,762|51,762|
||Interest receivable|44,448|44,448|
|||96,210|96,210|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds||
|||2024|2024|
|||£|£|
||Direct costs|||
||Grant funding of educational courses|2,000|2,000|
||Grant funding of activities (see note 6)|395|395|
|||2,395|2,395|
||Analysis by fund|||
||Unrestricted funds|2,395|2,395|
|6|Grants payable|||
|||Unrestricted|Total|
|||funds||
|||2024|2024|
|||£|£|
||Grants to individuals|395|395|
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||Unrestricted|Total|
|---|---|---|
||funds||
||2024|2024|
|Bank Fees|30|30|
|Insurance|105|105|
|Website & IT Costs|2,435|2,435|
|Financing costs|956|956|
|Other expenditure|35|35|
||3,561|3,561|
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||Listed|
|---|---|
||investments|
||£|
|Cost or valuation||
|At 13 February 2023||
|Additions|3,056,327|
|Valuation changes|42,287|
|At 5 April 2024|3,098,614|
|Carrying amount||
|At 5 April 2024|3,098,614|
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|11|Financial instruments||
|---|---|---|
|||2024|
|||£|
||Carrying amount of financial assets||
||Instruments measured at fair value through profit or loss|3,098,614|
|12|Debtors||
|||2024|
||Amounts falling due within one year:|£|
||Prepayments and accrued income|123|
|13|Creditors: amounts falling due within one year||
|||2024|
|||£|
||Trade creditors|461|
||Accruals and deferred income|600|
|||1,061|
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||At 13 Incoming Resources Gains and At 5 April|
|---|---|
||February 2023 resources expended losses 2024|
||£ £ ££ £|
|General funds|3,596,210
(22,167)
42,287 3,616,330|
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||Unrestricted|Total|
|---|---|---|
||funds||
||2024|2024|
||£|£|
|At 5 April 2024:|||
|Investments|3,098,613|3,098,613|
|Current assets/(liabilities)|517,717|517,717|
||3,616,330|3,616,330|
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|17|Cash generated from operations|2024|
|---|---|---|
|||£|
||Surplus for the period|3,616,330|
||Adjustments for:||
||Investment income recognised in statement of financial activities|(96,210)|
||Net gains/( losses) on investments|(42,287)|
||Movements in working capital:||
||(Increase) in debtors|(123)|
||Increase in creditors|1,061|
||Cash generated from operations|3,478,771|