| Contents | Page | |||
|---|---|---|---|---|
| Reference and administrative | information | |||
| Trustees' Annual Report |
2-5 | |||
| Independent Auditor's |
Report | 6-9 | ||
| Statement ofFinancial | Activities | 10 | ||
| Balance Sheet | ||||
| Notes to the financial statements | 12-18 | |||
| Thefollowing does not | form part ofthe statutory | accounts | ||
| Schedule ofinvestments | 19-20 |
| Trustees | IA Thorpe (Chairman) | IA Thorpe (Chairman) | |||
|---|---|---|---|---|---|
| G DTCliffe | |||||
| RTDugdale | |||||
| A SWagstaff | |||||
| DIMcAllister | |||||
| H M Hollingsworth | |||||
| H Straw | |||||
| Charity Administrator | TBalderson | ||||
| PO Box 1577 | |||||
| Huddersfield | |||||
| HD1 9NL | |||||
| Principal | Office | Bank Chambers | |||
| Market Street | |||||
| Huddersfield | |||||
| HD1 2EW | |||||
| Charity Number | 200538 | ||||
| Auditors | Wheawill &Sudworth | Limited | |||
| 35Westgate | |||||
| Huddersfield | |||||
| HD1 1PA | |||||
| Bankers | HSBCpic | ||||
| 2 Cloth Hall Street | |||||
| Huddersfield | |||||
| HD1 2ES | |||||
| Investment | Manager | Investec Wealth &Investment | Limited | ||
| 3 Wellington | Place | ||||
| Leeds | |||||
| LS14AP |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | fund | fund f |
2023 f. |
fund | fund f. |
2022 f. |
||||
| Income and endowments | from: | |||||||||
| 2 | Investments | 75,955 | 75,955 | 73,619 | 73,619 | |||||
| Other income | ||||||||||
| Total income | 75,955 | 75,955 | 73,619 | 73,619 | ||||||
| Expenditure on: |
||||||||||
| Charitable activities |
(62,705) | (62,705) | (55,623) | (55,623) | ||||||
| Raising funds | (9,590) | (9,590) | (10,076) | (10,076) | ||||||
| 3 | Total expenditure | (62,705) | (9,590) | (72,295) | (55,623) | (10,076) | (65,699) | |||
| Net gains/(losses) | on investments | (60,833) | (60,833) | (71,818) | (71,818) | |||||
| Net income/(expenditure) | 13,250 | (70,423) | (57,173) | 17,996 | (81,894) | (63,898) | ||||
| Reconciliation of | funds: | |||||||||
| Total funds brought | forward | 152,996 | 1,512,201 | 1,665,197 | 135,000 | 1,594,095 | 1,729,095 | |||
| 8 | Total funds carried | forward | 166,246 | 1,441,778 | 1,608,024 | 152,996 | 1,512,201 | 1,665,197 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | f, | |||||
| Fixed assets | ||||||
| 5 | Tangible assets | 5 | 5 | |||
| 6 | Investments | 1,521,873 | 1,582,943 | |||
| 1,521,878 | 1,582,948 | |||||
| Current assets | ||||||
| Prepayments | and accrued income | 1,370 | 1,370 | |||
| Cash at bank | 8,967 | 11,539 | ||||
| Cash at Investec Wealth &Investment | Limited | 80,832 | 74,267 | |||
| 91,169 | 87,176 | |||||
| 7 | Creditors: amounts | falling due | ||||
| within one |
year | (5,023) | (4,927) | |||
| Net current | assets | 86,146 | 82,249 | |||
| Net assets | 1,608,024 | 1,665,197 | ||||
| Represented | by: | |||||
| 8 | Endowment | fund | 1,441,778 | 1,512,201 | ||
| 8 | Unrestricted | funds | 166,246 | 152,996 | ||
| Total funds | 1,608,024 | 1,665,197 |
| 3 | Total expenditure | Unrestricted | Governance | |||
|---|---|---|---|---|---|---|
| charitable | Raising | 2023 | ||||
| activities | funds | costs | Total | |||
| 2023: | f | f | ||||
| Costs directly allocated to activities | ||||||
| Grants payable to | individuals | 46,761 | 46,761 | |||
| Support costs allocated to activities | ||||||
| Clerk's salary and expenses | 11,218 | 11,218 | ||||
| Postage, printing | and stationery | 623 | 623 | |||
| Audit and accountancy | 3,900 | 3,900 | ||||
| Stockbroker fees | 9,590 | 9,590 | ||||
| Bank charges | 203 | 203 | ||||
| Depreciation offixed assets | ||||||
| 12,044 | 9,590 | 3,900 | 25,534 | |||
| Total expenditure | 58,805 | 9,590 | 3,900 | 72,295 | ||
| Unrestricted | ||||||
| charitable | Raising | Governance | 2022 | |||
| 2022: | activities | funds | costs | Totalf | ||
| Costs directly allocated to activities | ||||||
| Grants payable to | individuals | 40,218 | 40,218 | |||
| Support costs allocated to activities | ||||||
| Clerk's salary and | expenses | 10,990 | 10,990 | |||
| Postage, printing and stationery |
596 | 596 | ||||
| Audit and accountancy | 3,700 | 3,700 | ||||
| Stockbroker fees | 10,076 | 10,076 | ||||
| Bank charges | 119 | 119 | ||||
| Depreciation offixed assets | ||||||
| 11,705 | 10,076 | 3,700 | 25,481 | |||
| Total expenditure | 51,923 | 10,076 | 3,700 | 65,699 |
| 2023 | 2022 | ||
|---|---|---|---|
| Staff costs and employee | benefits | Total | Total |
| f, | |||
| Wages and salaries | 10,891 | 10,670 | |
| Pensions costs | 327 | 320 | |
| 11,218 | 10,990 |
| The average number ofemployees (including trustees) wa |
s 8(2022:8). | |
|---|---|---|
| Office and | ||
| computer | ||
| 5 | Tangible fixed assets | equipment f |
| Cost: | ||
| At 6July 2022 | 366 | |
| Additions | ||
| At 5 July 2023 | 366 | |
| Depreciation: | ||
| At 6July 2022 | 361 | |
| Charge for the year | ||
| At 5 July 2023 | 361 | |
| Net book value: | ||
| At 5 July 2023 | ||
| At 5 July 2022 |
| 6 | Fixed asset investments | 2023 | 2022 | |
|---|---|---|---|---|
| f, | ||||
| Movement in fixed asset |
investments | |||
| Listed investments: | ||||
| Market value at 6July 2022 | 1,582,943 | 1,675,765 | ||
| Additions to investments |
at cost | 150,863 | 219,097 | |
| Disposals at carrying value |
(153,410) | (223,311) | ||
| Unrealised gains/(losses) |
on investments | (58,523) | (88,608) | |
| Market value at 5July 2023 | 1,521,873 | 1,582,943 | ||
| 7 | Creditors: amounts falling due within one year |
|||
| Other taxation and social | security | 190 | 169 | |
| Accruals | 4,753 | 4,687 | ||
| Other creditors | 80 | 71 | ||
| 5,023 | 4,927 |
| Balance at | Incoming | Resources | Gains/(losses) | Balance at | ||
|---|---|---|---|---|---|---|
| 2023: | 6July 2022 f |
resources | expended | on investments f. |
5 July 2023 | |
| Endowment | fund | 1,512,201 | (9,590) | (60,833) | 1,441,778 | |
| Unrestricted | fund | 152,996 | 75,955 | (62,705) | 166,246 | |
| 1,665,197 | 75,955 | (72,295) | (60,833) | 1,608,024 |
| Balance at | Incoming | Resources | Gains/(losses) | Balance at | ||
|---|---|---|---|---|---|---|
| 2022: | 6July 2021 f |
resources | expended f. |
on investments | 5 July 2022 f |
|
| Endowment | fund | 1,594,095 | (10,076) | (71,818) | 1,512,201 | |
| Unrestricted | fund | 135,000 | 73,619 | (55,623) | 152,996 | |
| 1,729,095 | 73,619 | (65,699) | (71,818) | 1,665,197 |
| 9 | Analysis | ofnet assets between | funds | Unrestricted | Endowment | Total | |
|---|---|---|---|---|---|---|---|
| fund | fund | funds | |||||
| 2023: | |||||||
| Fund balances at 5 July 2023 are | represented | by: | |||||
| Tangible | fixed assets | 5 | 5 | ||||
| Fixed asset investments | 80,095 | 1,441,778 | 1,521,873 | ||||
| Current | assets | 91,169 | 91,169 | ||||
| Current | liabilities | (5,023) | (5,023) | ||||
| Net assets at 5 July 2023 | 166,246 | 1,441,778 | 1,608,024 | ||||
| Unrestricted | Endowment | Total | |||||
| fund | fund | funds | |||||
| 2022: | g | f. | |||||
| Fund balances at 5 July 2022 are | represented | by: | |||||
| Tangible | fixed assets | 5 | 5 | ||||
| Fixed asset investments | 70,742 | 1,512,201 | 1,582,943 | ||||
| Current | assets | 87,176 | 87,176 | ||||
| Current | liabilities | (4,927) | (4,927) | ||||
| Net assets at 5 July 2022 | 152,996 | 1,512,201 | 1,665,197 |