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|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|
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|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||||
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||||||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|
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||||||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|
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|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|
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|||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||
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|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|
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|||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|
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