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|Trustees' Report|1-4|
|IndependentAuditorS Report|5-7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10- 16|
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|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|
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|||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|||
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||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||
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|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|
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|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||
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|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|
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|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|
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|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|
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|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|
##
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|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|