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||Page|
|---|---|
|TRUSTEES' ANNUAL
REPORT|1-4|
|INDEPENDENT
EXAMINER'S
REPORT||
|STATEMENT OF FINANCIAL
ACTIVITIES||
|BALANCE SHEET||
|STATEMENT OF CASHFLOWS||
|NOTES TO THE FINANCIAL
STATEMENTS|9-15|
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|Reference|and Administration|Details ofthe Charity its Trustees|Details ofthe Charity its Trustees|and Advisors|and Advisors|and Advisors||||
|---|---|---|---|---|---|---|---|---|---|
|Settlor||Rt Hon Bryan|Walter, Second||||Lord Moyne|||
|Registered|Charity Number|205375||||||||
|Trustees||The Hon
Finn|Benjamin|||Guinness||||
|||The Hon Rosaleen|||Elisabeth||Mulji|||
|||The Hon Catriona|||Rose Guinness|||||
|||The power of|appointing|||Trustees isvested||in The Honourable|Rosaleen|
|||Elisabeth
Mulji.||||||||
|Principal Office||Biddesden
House||||||||
|||Andover||||||||
|||Hampshire||||||||
|||SP119DN||||||||
|Solicitors||Withers
LLP||||||||
|||20 Old Bailey||||||||
|||London||||||||
|||EC4M 7AN||||||||
|Independent|Examiner|Stephen Mason||BScFCA||||||
|||FKCA Limited||||||||
|||260-270 Butterfield||||||||
|||Great Marlings||Luton||||||
|||Bedfordshire||||||||
|||LU2 BDL||||||||
|Accountants||TMF Global Services (UK)||||Ltd||||
|||960Capability|Green|||||||
|||Luton||||||||
|||Bedfordshire||||||||
|||LU1 3PE||||||||
|Investment|Managers|Cazenove Capital Management||||||||
|||1London Wall|Place|||||||
|||London||||||||
|||EC2Y SAU||||||||
|Bankers||Cazenove
Capital||Management||||||
|||1London Wall|Place|||||||
|||London||||||||
|||EC2Y 5AU||||||||
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||||Unrestricted|Funds|||
|---|---|---|---|---|---|---|
||||Expendable||Total|Total|
||||Endowment|Income|2023|2022|
|||Note|||||
|INCOME AND ENDOWMENTS|||||||
|Investments||||186,637|186,637|154,722|
|TOTAL INCOME||||186,637|186,637|154,722|
|EXPENDITURE|||||||
|Cost of raising funds|||29,348||29,348|27,661|
|Charitable
activities||||191,804|191,804|166,568|
|TOTAL EXPENDITURE|||29,348|191,804|221,152|194,229|
|NET INCOME/(EXPENDITURE}|BEFORE GAINS||||||
|AND LOSSESON INVESTMENTS|||(29,348)|(5,167)|(34,515)|(39,507)|
|Net gains/(losses)
on investments|||(600,226)||(600,226)|947,718|
|NET INCOME/(EXPENDITURE)|AFTER GAINS||||||
|AND LOSSESON INVESTMENTS|||(629,574)|(5,167)|(634,741,}|908,211|
|TRANSFER BETWEEN FUNDS|||(5,167)|5,167|||
|OTHER RECOGNISED GAINS/(LOSSES)|||||||
|Net gains/(losses)
on foreign currency exchange|||17,617||17,617|8,176|
|NET MOVEMENT
IN FUNDS|||(617,124)||(617,124)|916,387|
|FUND BALANCES BROUGHT FORWARD|||11,225,192||11,225,192|10,308,805|
|FUND BALANCES CARRIED FORWARD|||10,608,068||10,608,068|11,225,192|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Note|f|f|
|Cash flows from operating|activities:|||||||
|Net cash provided
by (used in) operating||||activities|14|(219,129)|(194,814)|
|Cash flows from investing|activities:|||||||
|Investment
income||||||186,637|154,722|
|Proceeds from sale of investments||||||1,607,820|2,008,980|
|Purchase of investments||||||(1,746,869)|(1,912,607)|
|Net cash provided
by (used in) investing|||activities|||47,588|251,095|
|Cash flows from financing|activities:|||||||
|Gain/(loss)
on foreign currency exchange||||||17,617|8,176|
|Net cash provided
by (used in) financing|||activities|||17,617|8,176|
|Change
in cash and cash equivalents||in the year||||(153,924)|64,457|
|Cash and cash equivalents|at the beginning|||ofthe year||274,351|209,894|
|Cash and cash equivalents|at the end|of|the year|||120,427|274,351|
|||||||2023|2022|
||||||Note|f||
|Represented
by:||||||||
|Cash held within the investment
portfolio||||||117,116|271,850|
|Cash at bank||||||3,311|2,501|
|||||||120,427|274,351|
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|Investment|income|income||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Geographically:||||||
|Within the|UK|||99,404|93,195|
|Outside the|UK|||79,754|61,507|
|||||179,158|154,702|
|Interest on|cash deposits|||7,479|20|
|||||186,637|154,722|
|All investment||income relates to quoted investments.||||
|COST OF RAISING FUNDS||||||
|||||2023|2022|
|||||f|E|
|Investment|management||charges|29,348|27,659|
|Bank charges|||||2|
|||||29,348|27,661|
##
|in furtherance|of its char|itable
objectives.||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||f|f|
|Grant funded|activity|||184,843|160,595|
|Support and|governance|costs - Governance|-income|6,961|5,973|
|||||191,804|166,568|
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|Gra|nts over f1,000 in|d|es|c|end|ing
o|rder ofma|gnitude|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1|Fare Share S.W.|||||||for food|banks|||||||5,000|
|2|Prospect Hospice, Swindon|||||||towards|clinical
nursing||service|||||5,000|
|3|Marie Curie|||||||for work|inWiltshire|and|neighbourin||||g counties|5,000|
|4|Samaritans|||||||for work|in Wilts hire|and|neighbouri|||ng counties||5,000|
|5|Macmillan
CancerSupport|||||||General|donation|||||||5,000|
|6|NSPCC|||||||for Swindon
&Wiitshire||||||||5,000|
|7|Prisoners'
Advice Service|||||||General|donation|||||||4,000|
|8|Salisbury Cathedral|||||||for work|in Wiltshire|||||||4,000|
|9|Swindon
MS & Neuro||Therapy Centre|||||towards|salaries|||||||3,000|
|10|Listening
Books|||||||to subsidise
access in Wiltshire||||||||3,000|
|11|NASS|||||||patients|group at at GW||Hospital||Swi||ndon|3,000|
|12|MHA Communities|Swindon||||||for work|i n Wi Its hi re|||||||3,000|
|13|Maggie's
Southampton|||||||for work|in Hampshire|||||||3,000|
|14|Prisoners
Education|Trust||||||for work|in Wiltshire|||||||3,000|
|15|Salisbury
Food Bank|||||||for work|in Wiltshire|||||||3,000|
|16|NHS Great Western|Hospita||||I||Way forwa rd Progra mme||||||||3,000|
|17|Salisbury
District Hos pital|||||||towa rds|the Patient Fund|||||||3,000|
|18|Anthony
Nolan|||||||post tra ns p Iant care||||||||3,000|
|19|Revitalise|||||||for work|in Wiltshire|||||||2,079|
|20|MNDA|||||||General|donation|||||||2,000|
|21|Living Paintings|||||||for work|in Wiltshire|||||||2,000|
|22|Arts Together|||||||for work|in Wiltshire|||||||2,000|
|23|Turn2Us|||||||for work|in Wiltshire|||||||2,000|
|24|Salvation
Army|||||||for work|in Wilts hire|||||||2,000|
|25|Cavell Nurses'
Trust|||||||for work|in Wiltshire|||||||2,000|
|26|Fight Against Blindness|||||||towards|clinical
psychology|||in Southe|||rn Region|2,000|
|27|Amber|||||||for work|in Wilts hire|||||||2,000|
|28|HELP|||||||for work|in Wiltshire|||||||2,000|
|29|CLICSargent|||||||for work|in Wiltshire|||||||2,000|
|30|Enham Trust|||||||for work|in Hampshire|||||||2,000|
|31|Hope for Tomorrow|||||||for work|in Wiltshire|||||||2,000|
|32|Design Ability Charity|||Ltd||||General|donation|||||||2,000|
|33|Wiltshire
Music Centre|||||||for work|in Wilts hire|||||||2,000|
|34|Second Chance|||||||for work|in Wiltshire|and|Hampshire|||||2,000|
|35|Brain Wave|||||||for work|in Wiltshire|and|Hampshire|||||2,000|
|36|React|||||||for work|in Wiltshire|and|Hampshire|||||2,000|
|37|Poppy Factory|||||||General|donation|||||||2,000|
|38|New Life|||||||for work|in Wiltshire|||||||2,000|
|39|Greatwood|||||||for mental
health wellbeing||||programm|||es|2,000|
|40|Sixty One|||||||Prisoners|and exprisoners|||||||2,000|
|41|RABI (Roya
I Agricultura|||I|Benevolent Assn. )|||Genera
I|donation|||||||2,000|
|42|Homestart
S.Wiltshire|||||||for work|in Wiltshire|||||||2,000|
|43|Wiltshire
Bobbyyan||Trust|||||for work|in Wilts hire|||||||2,000|
|44|Countess
Brecknock|CharitableTrust||||||Genera
I|donation|||||||2,000|
|45|Spinal injuries Association|||||||General|donation|||||||2,000|
|46|Brendon
Care|||||||General|donation|||||||2,000|
|47|YCDT(Young Carers|Development|||||Trust)|General|donation|||||||2,000|
|48|Lullaby Trust|||||||General|donation|||||||1,285|
||Tota I gra nts over E1,000|||||||||||||||127,364|
||Total of 73other grants||||up|to E1,000||||||||||66,100|
||Total of 121grants|in|year|||||||||||||193,464|
||Prior yea rgrant adjustments|||||||||||||||(8,621)|
|||||||||||||||||184,843|
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|ANALYSIS OF CHAR
Grants by value|ITABLE ACTIVITI|ES - contin|ued|ued|||
|---|---|---|---|---|---|---|
||||2023|||2022|
||||No of|Total|No of|Total|
||||Grants|Value|Grants|Value|
|||||E||E|
|E1-f249|||1|200|2|200|
|E250 - E499|||1|400|||
|f500 —E999|||11|5,500|11|5,800|
|E1,000 - E2,499|||90|119,364|78|106,905|
|E2,500 - E4,999|||12|38,000|9|28,100|
|E5,000+|||6|30,000|4|20,000|
||||121|193,464|104|161,095|
|Grants by category|||||||
|All grants are made|to institutions||||||
||||2023||2022||
||||Number|E|Number||
|Projects outside of|the UK||1|500|3|2,500|
|Projects in Wiltshire|5 neighbouring|areas|83|139,179|88|142,174|
|Projects elsewhere|in the UK||37|53,785|13|16,421|
||||121|193,464|104|161,095|
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|Support costs|Support costs|and how these were allocated|between|Governance|and Charitable|Activities are shown|below:|
|---|---|---|---|---|---|---|---|
|||||2023||2022||
|||||Charitable||Charitable||
|UNRESTRICTED INCOME FUND|||Governance
Activities|||Governance
Activities||
||||||f||E|
|Independent||Examiner's fees||1,422||1,230||
|Independent||Examiner's fees p/y adjustment||192||||
|Accountancy||and taxation services||5,312||4,607||
|Postage stamps||||||66||
|Information|Commissioner|||35||35||
|Unrecoverable||debtor||||35||
|||||6,961||5,973||
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|FIXEDASSET INV|ESTMENTS||||
|---|---|---|---|---|
||||Total|Total|
||||2023|2022|
||||E|E|
|Market value at 5 April 2022|||10,959,335|10,107,990|
|Disposal proceeds|||(1,607,820)|(2,008,980)|
|Acquisitions
at cost|||1,746,869|1,912,607|
|Net gains/(losses)|on revaluation|and disposal|(600,226)|947,718|
|Market value at 5 April 2023|||10,498,158|10,959,335|
|Cash held within|the investment|portfolio|117,116|271,850|
||||10,615,274|11,231,185|
|Historical cost as|at 5 April 2023||5,629,681|5,081,105|
|Split:|||||
|Listed investment|assets in the UK||8,924,607|9,14e,e58|
|Listed investment|assets outside|the UK|987,102|1,372,884|
|Funds of unlisted|investments||586,449|439,793|
||||10,498,158||
|Name|||||Holding|Market Value|
|---|---|---|---|---|---|---|
|||||||f|
|Diageo —Ordinary 28|||101/108p shares||37,283|1,367,913|
|Bryth ICVC|Fund||||3,572,500|4,186,970|
|MLG Global||Class PP|||649,997|819,451|
|CASH AT BANK|||||||
||||||2023|2022|
||||||E|E|
|Stockbrokers||income|account||(495)|(840)|
|Bank account|||||3,806|3,341|
||||||3,311|2,501|
|LIABILITIES|- amounts||falling due within one year||||
||||||2023|2022|
|||||||E|
|Independent||Examiner's||fees|1,422|1,230|
|Accounting|and taxation|||services|1,889|1,306|
|Investment||management||charges|7,206|5,958|
||||||10,517|8,494|
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||||||Expendable|Income|Total|
|---|---|---|---|---|---|---|---|
|2023|||||Endowment|Fund|2023|
|Unrestricted|funds|comprise|the|following:|E|E|E|
|Investments|||||10,498,158||10,498,158|
|Cash|||||117,116|3,311|120,427|
|Creditors|||||(7,206)|(3,311)|(10,517)|
||||||10,608,068||10,608,068|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Net movement
in|funds (as per|the Statement||of Financial Activities)|||(617,124)|916,387|
|(Gains) on investments
shown||in investing|activities||||600,226|(947,718)|
|(Gains)/losses
on exchange rate|||||||(17,617)|(8,176)|
|Deduct investment|income shown
in investing|||activities|||(186,637)|(154,722)|
|Deduct gift ofshares/voluntary||contribution||shown|in financing|activities|||
|(Decrease)/increase|in creditors||||||2,023|(620)|
|Decrease/(increase)|in debtors|||||||35|
|Net cash provided|by (used in)|operating|activities||||(219,129)|(194,814)|
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||Fund|||||Fund|
|---|---|---|---|---|---|---|
||balances|||||balances|
||brought||||Gains and|carried|
|Fund Name|forward|Income|Expenditure|Transfers|losses|forward|
|Expendable|||||||
|endowment|11,225,192||(29,348)|(5,167)|(582,609)|10,608,068|
|Income||186,637|(191,804)|5,167|||
|Total Funds|11,225,192|186,637|(221,152)||(582,609)|10,608,068|