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|Reference and Administrative|Reference and Administrative|Details||
|---|---|---|---|
|Trustees'
Report|||2to 4|
|independent
Auditors'|Report||5to 8|
|Statement of Financial|Activities|||
|Balance Sheet|||10|
|Cash Flow Statement||||
|Notes tothe Financial|Statements||12to 22|
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|Trustees||||Sir lan Heathcoat|Sir lan Heathcoat|Amory,|Bt DL||
|---|---|---|---|---|---|---|---|---|
|||||Mrs Catherine|Elizabeth||Cavender||
|Charity Registration|||Number|204958|||||
|Principal|Office|||The Island|||||
|||||Lowman Green|||||
|||||Tiverton|||||
|||||Devon|||||
|||||EX164LA|||||
|Auditor||||Weslcotts (SW) LLP|||||
|||||47 Boutport Street|||||
|||||Bamstaple|||||
|||||Devon|||||
|||||EX31 1SQ|||||
|Solicitors||||Ashfords|||||
|||||Ashford
House|||||
|||||Grenadier
Road|||||
|||||Exeter|||||
|||||Devon|||||
|||||EX1 3LH|||||
|Bankers||||Lloyds Bank PLC|||||
|||||Tiverton|||||
|||||46 Fore Street|||||
|||||Tiverton|||||
|||||Devon|||||
|||||EX166LF|||||
|Investment||brokers||Kleinwort
Hambros|||||
|||||8St James's Square|||||
|||||London|||||
|||||SW1Y4JU|||||
|Administration||||Lawman
Manufacturing|||Company|Ltd|
|||||The Island|||||
|||||Lowman
Green|||||
|||||Tiverton|||||
|||||Devon EX164LA|||||
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||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2023|2022|
|||Note||E|E|E|
|Income and Endowments||from:|||||
|Investment
income||3|506,752||506,752|405,274|
|Total income|||506,752||506,752|405,274|
|Expenditure
on:|||||||
|Raising funds
Charitable
activities|||(84,019)
~(414.287||(84,019)
~(414,287|(91,326)
~412,331|
|Total expenditure|||(498,306)||(498,306)|(503,657)|
|Gains/(losses)
on
investment
assets|||~(,300,202||~(,300.202|200,094|
|Net (expenditure)/income|||(1,291,756)||(1,291,756)|101,711|
|Reconciliation
of|funds||||||
|Total funds brought|forward||13,832,184|312,500|14,144,684|14,042,973|
|Total funds carried|forward|17|12,540,428|312,500|12,852,928|14,144,684|
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|Balance S|heet as|
at 5April 2023||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Note|||
|Fixed assets||||||
|Investments|||11|12,686,150|14,121,492|
|Current assets||||||
|Debtors|||12|12,072|15,235|
|Cash at bank|and in hand||13|184,429|53,337|
|Creditors: Amounts||falling due within one year|14|196,501
~29,333|68,572
~40.380|
|Net current|assets|||166,778|28,192|
|Total assets less current liabilities
Creditors: Amounts
falling due after more than one year|||15|12,852,928|14,149,684
~5,QDO)|
|Net assets||||12,852,928|14,144,684|
|Funds ofthe charity:||||||
|Endowment|funds|||312,500|312,500|
|Unrestricted|income|funds||||
|Unrestricted|funds|||12,540,428|13,832,184|
|Totalfunds||||12862,928|14,144.084|
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|Cash Flow Statement|f|or the Year|Ended 5|April|2023|||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||Note|6|6|
|Cash flows from operating||activities||||||
|Net cash (expenditure)/income||||||(1,291,756)|101,711|
|Adjustments
to cash flows||from non~ah|items|||||
|Investment
income
Revaluation
of investments||||||(506,752)
924,636|(405,274)
~164,273|
|||||||(873,878)|(457,836)|
|Working capital adjustments||||||||
|Decrease/(increase)
in debtors
Decrease
in creditors
Net cash flows from operating
activities|||||12
14|3,163
~15,657
~888,372|(1,411)
~27,249
~(476396,|
|Cash flows from investing||activities||||||
|Acquisitions
ofinvestments||||||(3818 796)|(3 343 055)|
|Proceeds from sale ofinvestments||||||4,547,957|3,150,378|
|Cash in or out ofendowment||funds from the|acquisition|and||||
|disposal ofinvestments||||||(218,449)|238,567|
|Dividend
income||||||506,752|405,274|
|Net cash flows from investing||acbvities||||1,017,464|451,164|
|Net increase/(decrease)
in cash and cash equivalents||||||131,092|(25,232)|
|Cash and cash equivalents|brought forward|||||53,337|78,569|
|Cash and cash equivalents|carried forward|||||184,429|53,337|
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|||||Unrestricted||
|---|---|---|---|---|---|
|||||funds|Total|
|||||General|2023|
|Income|from dividends;|||||
|Income|from listed|investments||239,596|239,596|
|Income|from other|unlisted|investments|33,563|33,563|
|Property|income dividends|||9,371|9,371|
|Interest|on stock|||122,173|122,173|
|Interest|on deposit|with stockbrokers||4,268|4,268|
|Foreign|Dividends|- quoted|shares|97,781|97,781|
|||||506,752|506,752|
|||||Unrestricted||
|||||funds|Total|
|||||Generalf|2022
8|
|Income|from listed|investments||203,417|203,417|
|Income|from other|unlisted|investments|33,562|33,562|
|Interest|on stock|||95,541|95,541|
|Foreign|Dividends|-quoted|shares|72,754|72,754|
|||||405,274|405,274|
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||||Unrestdcted||
|---|---|---|---|---|
||||funds|Total|
||||Generalf|2023f|
|Other investment|management|costs;|||
|Other porffolio|management|costs|84,019|84,019|
||||84,019|84,019|
||||Unrestricted||
||||funds|Total|
||||Generalf|2022f|
|Other investment|management|costs;|||
|Other portfolio|management|costs|91,326|91,326|
||||91,326|91,326|
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|5
Expenditure
on charitable
activ|ities|||
|---|---|---|---|
||Unrestricted|||
||funds|Total|Total|
||Generalf|2023f|2022f|
|Grants payable|409,656|409,656|406,547|
|Bank charges|||30|
|Website costs|84|84|108|
|Audit fees|3,560|3,560|4,660|
|Accountancy fees|640|640|640|
|Trustees' expenses|347|347|346|
||414,287|414,287|412,331|
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|Support cos|ts allocated to charitable activiti|es||
|---|---|---|---|
|||Other||
|||support|Total|
|||costs|2023|
|||8|8|
|Website costs||84|84|
|Audit fees||3,560|3,560|
|Accountancy|fees|640|640|
|Trustees' expenses||347|347|
|||4,631|4,631|
|||Other||
|||support|Total|
|||costsf|2022
8|
|Bank charges||30|30|
|Website costs||108|108|
|Audit fees||4,660|4,660|
|Accountancy|fees|640|640|
|Trustees' expenses||346|346|
|||5,784|5,784|
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|Analysis ofgrants|||||
|---|---|---|---|---|
||Grants to|institutions|Grants to|individuals|
||2023|2022|2023|2022|
||8|8||8|
|Analysis|||||
|Educational|209,972|202,739|8,508|14,478|
|General - social and|||||
|environmental|158,121|145,910|||
|General - health|9,745|18,400|2,070|4,670|
|General - relief of poverty|6,640|10,350|||
|Religious|14,600|10,000|||
||399,078|387,399|10,578|19,148|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||6|6|
|Educational||||||
|Birkenhead
school||||12,000|12,000|
|Blundell's
school||||54,699|40,249|
|Bymore Academy|||||6,350|
|Cheltenham
College|||||12,021|
|Devon County Council||||5,050||
|Exeter Cathedral|School|||44,700|39,800|
|Exeter School|||||6,000|
|Royal Ballet School|||||6,000|
|Tubers Academy|Ltd|||12,258||
|||||128,707|122,420|
|General - Social|&Environmental|||||
|Rona Sailing Project||||110,500|96,510|
|Westcountry
Rivers||Trust|||15,000|
|||||110,500|111,510|
|General - Health||||||
|Exeter Paediatric|Integrated||Care Solutions||9,000|
||||||9,000|
|General - Relief|of Poverty|||||
|Churches
Housing||Action Team|||6,750|
||||||6,750|
|||||239,207|249,680|
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|11 Fixed asset Investm|ents|||||||
|---|---|---|---|---|---|---|---|
|||||||2023f|2022f|
|Cash held as part of investment||funds||||552,510|334,061|
|Fixed Asset Investments||||||12,133,640|13,787,431|
|||||||12,686,150|14121.492|
|||Listed||Unlisted||||
|||investmentsf|investments||f|2023
f|2022f|
|Cost orValuation||||||||
|At 6 April 2022||12,841,086||946,345||13,787,431|13,440,481|
|Revaluation||(914,576)||(10,054)||(924,630)|154,273|
|Additions
Disposals||3,818,796
~4547857.||,|-|3,818,796
~4,547,857|3,343,055
~3,150,378|
|At 5 April 2023||11,197,349||936,291||12,133,640|13,787,431|
|Cash held as part ofinvestment
funds||552,510||||552,510|334,061|
|||11,749,859||936,291||12,686,150|14,121,492|
|12Debtors||||||||
|||||||2023
f|2022
f|
|Other debtors||||||12.572|15235|
|13Cash and cash equivalents||||||||
|||||||2023f|2022f|
|Cash at bank||||||184,429|53,337|
|14Creditors: amounts|falling|due within one year||||||
|||||||2023|2022f|
|Other creditors||||||25,523|36,180|
|Accruals||||||4,200|4,200|
|||||||29,723|40,380|
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|17Funds||||||||
|---|---|---|---|---|---|---|---|
|||||||Other||
|||Balance||||recognised|Balance|
|||at 6Apdil
2022
f|Incoming
resources
f|Resources
expended
f|Transfersf|gainsl
(losses)
f|at 5April
2023f|
|Unrestricted|funds|||||||
|General||||||||
|General Funds||13,808,992|506,752|(175,755)|(466,137)|(1,300,202)|12,373,650|
|Designated
Funds||23,192||~322,557|466,137||166,778|
|||13,832,184|506,752|(498,306)||(1,300,202)|12,540,428|
|Endowment|funds|||||||
|Permanent||||||||
|The Trust|Fund|312,500|||||312,500|
|Total funds||14.144,684|566,752|~4M,3M||~1,3M,282|12,852,928|
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