| Page | |
|---|---|
| Trustees' Report | 1-4 |
| IndependentAuditorS Report | 5-7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10- 16 |
| The distribution of donations during th | e yearwas as follows: | |
|---|---|---|
| Cateqory. | Total | |
| Children & Youth | 10,000 | 3 |
| Environment& Humanities | 194,956 | 68 |
| Overseas Aid | 10,000 | 3 |
| Handicapped & Disabled | 20,000 | 7 |
| Medicine, Health& Hospices | 25,000 | 9 |
| Social Welfare | 30.000 | 10 |
| 289,956 | 100 |
| Unrestricted Funds | Unrestricted Funds | Unrestricted Funds | Unrestricted Funds | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|---|---|
| Income | Designated | Fund | 2023 | 2022 | ||||
| Notes | ||||||||
| INCOME FROM | ||||||||
| Income from Investments | 2 | 202,384 | 202,384 | 178,368 | ||||
| Total Income | 202,384 | 202,384 | 178,368 | |||||
| EXPENDITURE ON |
||||||||
| Investment management fee | 6 | 31 ,779 | 31,130 | 62,909 | 65,627 | |||
| Charitable Activities | 9 | 301 ,592 | 21 | ,456 | 323,048 | 143,115 | ||
| Total Expenditure | 333,371 | 21,456 | 31.130 | 385,957 | 208,742 | |||
| Net (Expenditure)/lncome before | ||||||||
| gains and losses on Investments | (333,371) | (21, | 456) | 171,254 | (183,573) | (30,374) | ||
| Net (losses)!gains on Investments | 2 | (56,203) | (56,203) | 240,386 | ||||
| Net (Expenditure)/income | (333,371) | (21 | ,456) | 115,051 | (239,776) | 210,012 | ||
| Grosstransfers between Funds: | ||||||||
| Transfer - allocation of total return |
379,239 | (379,239) | ||||||
| Transfer - other |
2,544 | (2 | ,544) | |||||
| NET MOVEMENTIN FUNDS | 48,412 | (24,000) | (264,188) | (239,776) | 210,012 | |||
| Fund balances brought | ||||||||
| forward at 8 February 2022 | 47 | 24,000 | 8,776.914 | 8,848.821 | ||||
| Fund balancescarried | ||||||||
| forward at 7 February 2023 | 96,319 | 8,512,726 |
| Note | 2023 | 2022 | 2022 | |||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Investments | 2 | 8,776,914 | ||||
| CURRENT ASSETS | ||||||
| Cash at bank and on deposit | 39,771 | 88,945 | ||||
| 39,771 | 88,945 | |||||
| Creditors: Amounts falling | ||||||
| due within one year | ||||||
| Creditors | 5 | 91,546 | 17,038 | |||
| 91 ,546 | 17.038 | |||||
| NET CURRENT(LIABILITIES)/ASSETS | (51,775) | 71 | ,907 | |||
| TOTALASSETS LESS CURRENT | ||||||
| LIABILITIES | 8,609,045 | |||||
| TOTAL NET ASSETS | 4 | |||||
| THE FUNDS OF THE CHARITY | ||||||
| Income Fund - unrestricted |
7 | 96,319 | 47 | ,907 | ||
| Designated Fund - Historical Awards |
7 | 24,000 | ||||
| Endowment Fund | 8,512,726 | |||||
| Permanent Endownment | 7 | 8,776,914 | ||||
| TOTALCHARITYFUNDS | 8,609,045 | 8,848.821 |
| Investments are revalued by reference to market v | aluesas at the 7 February | 2023 |
|---|---|---|
| 2023 | 2022 | |
| UKinvestments at marketvalue | 3,457,709 | 3,189,420 |
| Overseas quoted investments | 5,033,274 | |
| Cash held as part of the investment portfolio | 165,897 | 554,220 |
| 8,660,820 | 8,776,914 | |
| Marketvalue at 8 February 2022 | 8,222,694 | |
| Additions at cost | 417,012 | |
| Market value of disposals | (4,160,780) | (805,592) |
| Net (losses)/gainson revaluation and disposals | (56,203) | 240,386 |
| Marketvalue at 7 February 2023 | 8,494,923 | 8,222,694 |
| Cash held in the investment portfolio | 165,897 | 554,220 |
| 8,660,820 | 8,776,914 | |
| Income | ||
| UK quoted investments | 84,572 | 69,159 |
| Overseas quoted investments | 114,824 | 109,209 |
| Brokers interest | 2,897 | |
| Bank interest | 91 | |
| 202,384 | 178,368 |
| The investment fund and applicationof total return t | o permanent e |
|---|---|
| 2023 | |
| Opening value of permanent endownment | 8,776,914 |
| Less: Orginal permanent endowment-Trust for | |
| Investment | (850,000) |
| Unapplied total return brought forward | 7,926.914 |
| Add | |
| Investment return - Incomefrom Investments |
202,384 |
| Investment return - losses |
(56,203) |
| Investment managementfee | (31,130) |
| Unapplied total return before transfer to income | |
| Less | |
| Total return applied | (379.239) |
| Unapplied total return as at 7 February 2023 | 7,662.726 |
| Add | |
| Trust for Investment | 850.000 |
| Endowment fund at 7 February 2023 |
| 4 | (a) | Analysis of Fund Balances Between the Net | |||
|---|---|---|---|---|---|
| Assets for the year ended 7 February 2023 | Income | Endowment | Total | ||
| Fund | Fund | Funds | |||
| Investments | 148,094 | 8,512,726 | |||
| Net currentliabilities | (51.775) | (51.775) | |||
| 96,319 | 8,512.726 | 8.609,045 | |||
| 4 | (b) | Analysis of Fund Balances Between the Net | |||
| Assets forthe year ended 7 February 2022 | Unrestricted | Permanent | |||
| Funds | Endowment | Total | |||
| Fund | Funds | ||||
| 8,776,914 | |||||
| Investments | 71 ,907 | 71 ,907 | |||
| Net currentassets | |||||
| 71 ,907 | 8,776.914 | 8,848,821 |
| 5 | Creditors | Income Fund | Funds | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Administration (Unrestricted) | 2,700 | 2,700 | |||
| Audit (Unrestricted) | 4,800 | 6,360 | |||
| IHR | 84,046 | 7,978 | |||
| 91 ,546 | 17,038 | ||||
| 6 | Investmentmanagement fee | - 2023 | Income | 2023 | |
| Fund | Endowment | Total | |||
| Fund | Funds | ||||
| Investment Managementfees | 31.779 | 31,130 | 62,909 | ||
| 311779 | 31,130 | 62,909 |
| 6 | (a) | Investment management fee | Investment management fee | - 2022 | General Fund | Endowment | Total | |
|---|---|---|---|---|---|---|---|---|
| Fund | Funds | |||||||
| Investment Management fees | 65,627 | 65,627 | ||||||
| 65,627 | 65,627 | |||||||
| 7 | (a) | Fund Analysis | - 2023 | Balance at | Movements in | Movements in | Balance at | |
| 8 Feb 2022 | income | expenditure, | 7 Feb 2023 | |||||
| including | investment | |||||||
| transfers in | ||||||||
| losses and | ||||||||
| transfers out | ||||||||
| Endowment Fund | 8,776,914 | 202,384 | (466,572) | 8,512,726 | ||||
| Income Fund | 47,907 | 381,783 | (333,371) | 96,319 | ||||
| Designated Fund | 24,000 | (24,000) | ||||||
| 8,848,821 | 584, 167 | (823,943) | 8,609,045 |
| ysis - 2022 |
Movements in | |||
|---|---|---|---|---|
| income | Movements in | |||
| Including | expenditure | |||
| transfers in | and | |||
| Balance at | & investment | transfers out | Balance at | |
| 8 Feb 2021 | gains | 7 Feb 2022 | ||
| Permanent Endowment Fund | 8,536,528 | 240,386 | 8,776,914 | |
| General Fund | 33,177 | 178,363 | (163,638) | 47 ,907 |
| Designated Fund | 69.104 | 12,650 | (57,754) | 24,000 |
| 431 ,404 | (221,392) | 8,848,821 |
| 8 Decennial Financial Record |
8 Decennial Financial Record |
8 Decennial Financial Record |
8 Decennial Financial Record |
Yearended | Yearended | Yearended | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 7 February | ||||||||||
| 1963 | 1973 | 1983 | 1993 | 2003 | 2013 | 2023 | ||||
| Permanent | 55, | 186 | 477,385 | 1.156,290 | 3,909,393 | 5,995,385 | ||||
| Endowment | ||||||||||
| Endowment | 8,512,726 | |||||||||
| Fund | ||||||||||
| Total Income | 1,931 | 12,237 | 70,853 | 193.490 | 217,812 | 223.146 | ||||
| Unapplied total | ||||||||||
| return | ||||||||||
| transferred | 379,239 | |||||||||
| Indirect | (53) | (474) | (6,118) | (42,056) | (26,086) | (20.018) | (64,871) | |||
| Expenditure | ||||||||||
| Net Income | 1,878 | 11,763 | 64,735 | 151 ,434 | 191 ,726 | 203,128 | 314,848 | |||
| before | ||||||||||
| donations | ||||||||||
| Donations. | ||||||||||
| Historical | 5,000 | 32,000 | 60.000 | 65,562 | 66,788 | 106,456 | ||||
| Awards | ||||||||||
| Other | 1.425 | 5.765 | 31 ,ooo | 89,700 | 127,500 | 121,500 | 183.500 | |||
| Donations | ||||||||||
| 1,425 | 10,765 | 63,000 | 149,700 | 193,062 | 188,288 | 289,956 | ||||
| Cumulative total | ||||||||||
| of donations | 1 | ,425 | 69.904 | 410,214 | I | ,535,714 | 3,325,093 | 5,362,472 | ||
| 9 Analysis of Charitable |
Expenditure | Total | Total | |||||||
| 2023 | 2022 | |||||||||
| Donations: | ||||||||||
| Children & Youth | ||||||||||
| Doorstep Libary Network | 5.000 | |||||||||
| Literacy Pirates Limited | 5,000 | |||||||||
| Straight Talking Peer Education | 4,000 | |||||||||
| 10,000 | 4,000 | |||||||||
| Environment & Humanities | ||||||||||
| BIG Gwe | 52,500 | |||||||||
| Campaign to Protect Rural England | 5,000 | |||||||||
| Friends of the National | Libraries | 5,000 | ||||||||
| Historical Association | 5,000 | 1 ,250 | ||||||||
| University of London. | Institute | |||||||||
| of HistoricalResearch | 106,456 | 62,754 | ||||||||
| London Record Society | 2,000 | |||||||||
| London Topographical Society | 2,000 | 1 ,250 | ||||||||
| London Wildlife Trust | 5,000 | |||||||||
| Textile Conservation at | Glasgow | University | 5.000 | 1,250 | ||||||
| Tree Council | 5,000 | |||||||||
| 194,956 | 69.004 |
| 9 | Analysis of Total Expenditure | Total | Total |
|---|---|---|---|
| (continued) | |||
| 2023 | 2022 | ||
| Overseas Aid | |||
| VisionAid Overseas | 5,000 | 4,000 | |
| Zane | 5,000 | ||
| 10,000 | 4,000 | ||
| Handicapped & Disabled | |||
| Action for Kids | 2,000 | ||
| Canine Partners | 5,000 | 2,000 | |
| The Vision Foundation (formerly Greater | 5,000 | ||
| London Fund for the Blind) | |||
| Royal Association in Aid of Deaf People | 5.000 | ||
| Revitalises Respite Holidays (formerly | 5,000 | 4,000 | |
| Wnged Fellowship Trust) | |||
| 20,000 | 8,000 | ||
| Medicine, Health & Hospices | |||
| SHINE (Association for Spina Bifida and | 5,000 | 2,000 | |
| Hydrocephalus) | |||
| Mental Health Foundation | 2,000 | ||
| RAFT | 4,000 | ||
| St. Francis Leprosy Guild | 5,000 | 2,000 | |
| Togetherfor Shorter Lives | 15.000 | 4,000 | |
| 25,000 | 14,000 | ||
| Welfare | |||
| Connection at St Martin-in-the-Fields | 5,000 | ||
| Fine Cell Work | 5,000 | 2,000 | |
| National BenevolentFund for theAged | 2,000 | ||
| Professional Classes Aid Council | 5,000 | 2,000 | |
| St Peter& St James Hospice | 5,000 | ||
| Turtle Key Arts | 5,000 | 2,000 | |
| Aggies Weston | 5,000 | ||
| 30,000 | 8,000 | ||
| Donations | 289,956 | 107,004 | |
| Other | |||
| Governance costs - Audit |
4,800 | 5,760 | |
| Accountancy fees | 20,940 | 20,400 | |
| Legal Fees | 7,232 | 9,936 | |
| Sundry | 120 | 15 | |
| 323,048 | 143,115 |
| II Prior Year Statement of Financial |
Permanent | |||
|---|---|---|---|---|
| Activities | ||||
| Unrestricted Funds | Endowment | Total | ||
| General | Designated | Fund | 2022 | |
| INCOME FROM | ||||
| Income from Investments | 178,368 | 178,368 | ||
| Total Income | 178.368 | 178,368 | ||
| EXPENDITURE ON |
||||
| Raising Funds | 65,627 | 65,627 | ||
| Charitable Activities | 85,361 | 57.754 | 143,115 | |
| Total Expenditure | 150,988 | 57,754 | 208.742 | |
| Net Income/(Expenditure) before | ||||
| gains and losses on Investments | 27,380 | (57.754) | (30,374) | |
| Net gains on Investments | 240,386 | 240,386 | ||
| Net Income/(Expenditure) | 27,380 | (57,754) | 240,386 | 210.012 |
| Grosstransfers between Funds: | ||||
| Historical Awards Fund | (12,650) | 12,650 | ||
| NET MOVEMENT IN FUNDS |
14,730 | (45,104) | 240,386 | 210,012 |
| Fund balances brought | ||||
| forward at 8 February 2021 | 33,177 | 69,104 | 8,536.528 | 8,638,809 |
| Fund balances carried | ||||
| forward at 7 February 2022 | 47,907 | 24,000 | 8,776,914 | 8.848.821 |