## ## ||||Page| |---|---|---|---| |Reference|and Administrative|details|| |Report of|the Council||2-6| |Donations|and Subscriptions||| |Report of|the Auditors to the|Members|8 —9| |Statement|of Financial Activities||to| |Balance Sheet|||| |Notes to the Financial Statements|||12-18| ## ## |Patron||HRH Princess Michael|of|of|Kent|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Council (l.e.Trustees)||lan Morton —Hancocks|retired-|||Chairman|||died||9e April 2022|| |||Antony
Vanderpump|-||Sterling||Creations|||—elected||as| |||Chairman
1st January|2023 (Vice||||Chairman|||9n April 2022—||| |||31stDecember)||||||||||| |||Grant G Macdonald
Grant Macdonald
(Silversmiths)
Lld
Vice -Chairman
(Acting
Chairman
9n April —31s December||||||||||| |||2022)
John M Bowles- J8Fsinvsy Presentations|||||||Ltd|||| |||Robert WJPreece —The|||Goidsmi||Ihs' Company||||Charily|| |||—Director ofFinance||||||||||| |||Mrs Victoria E Cox —Cox|||&Power||—Retired|||||| |||Richard Jarvis —Richard||Jsrvis||of|Pall Mall|||||| |||David A Mamhall —David|||Marshall||London||(Jeweiier) Ltd|||| |||Ms Zoa Hill —Retired||||||||||| |||lan Thomson - Retired||||||||||| |||Gary Williams —Presmsn|||Mastermell|||||||| |||Kerry Gregory —Gemmoiogy Rocks||||||||||| |||Ben Poulsom
—Pure|Imagination|||||Jeweilers|||—elected|Tn| |||January 2022||||||||||| |||Melanic Eddy —Melanic|||Eddy|Jeweilery —elected 25n April||||||| |||2023||||||||||| |Secretary||Julia Griffin||||||||||| |Company|Number|518834||||||||||| |Charity Number||205785||||||||||| |Principal|and Registered ONce|P0Box61660||||||||||| |||London||||||||||| |||SE9SAN||||||||||| |Auditors||Azets Audit Services
2r Floor, Regis House||||||||||| |||45 King William Street||||||||||| |||London EC4R SAN||||||||||| |Bankers||CAF Bank Limited||||||||||| |||25 Kings
Hill Avenue||||||||||| |||Kings Hill||||||||||| |||West Mailing||||||||||| |||Kent ME194JQ||||||||||| |Solicitors||Charles Russell Speechlys||||||||||| |||6 New Street Square||||||||||| |||London EC4A 3LX||||||||||| |Investment|Managers|J M Finn &Co||||||||||| |||4 Coleman Street||||||||||| |||London||||||||||| |||EC2R 5TA||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |The composition
ofthe in|vestment
porffolio|at 31 December 2022 was as|follows:| |---|---|---|---| |||F|| |Fixed Income||189,144|9.96| |UK Equities||655,434|34.50| |Equity Funds &Overseas|Equities|661,516|34.83| |Alternatives||393,583|20.71| |||1,899,677|100| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2022||2021| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted||Total| |||Notes|Funds|Funds
f|Total
6|Funds
6| |Incoming
from||||||| |Donations|||5,655||5,655|29,024| |Other trading
activities|||76,235||76,235|16,526| |Investments|||58,005||58,005|60,306| |Other income|||92||92|| |Total incoming|||139,987||139,987|105,859| |Expenditure
on:||||||| |Raising funds|||70,681||70,681|47,475| |Charitable
activities|||152,372|750|153,122|188,605| |Total expenditure|||223,053|750|223,803|236,080| |Net outgoing resources before other||||||| |recognised
gains|and losses||(83,066)|(750)|(83,816)|(130,224)| |Other recognised|gains and losses:|||||| |Realised and unrealised
gains (losses) on||||||| |investment
assets|||(400,419)||(400,419)|272,241| |Transfers
between|funds||15,967|(15,967)||| |Net movement
in funds|||(467,518)|(16,717)|(484,235)|142,017| |Fund balances brought||||||| |forward
1January|2022||2,520,354|16,717|2,537,071|2,395,054| |Fund balances carried||||||| |forward 31December 2022||14|2,052,836||2,052,836|2,537,071| ## ## ||||Note||2022|||2021|| |---|---|---|---|---|---|---|---|---|---| |Fixed Assets|||||||||| |Tangible assets|||10|||642|||327| |Investments|||11|||1,899,677|||2,354,437| |||||||1,900,319|||2,354,764| |Current Assets|||||||||| |Debtors|||12|203|||695||| |Investment —bank balances|||||||||| |with Investment|Managers|||36,142|||22.010||| |Cash at bank and in||hand||122,515|||166,489||| |||||158,860|||189,194||| |Creditors: Amounts||falling due|||||||| |within one year|||13|(6,343)|||(6,887)||| |Net Current Assets||||||152,517|||182,307| |Net Assets||||||2,052,836|||2,537,071| |Represented
by:|||||||||| |Restricted funds|||14||||||16,717| |Unrestricted
funds|||14|||2,052,836|||2,520,354| |||||||2,052,836|||2,537,071| ## ||ACCOUNTING
POLICIES| |---|---| ||Company
Status| ||The Charity
is incorporated
as a company
limited
by guarantee
and does not therefore
have a Share
Capital.
The maximum
liability of each member
is 61. The address of the registered
office is given
in| ||the charity
information
on page
1 of these financial
statements.
The nature
of the charity's
operations
and pnncipal
activities are set out on page 3.| |1.2|Directors| ||All references to "Members ofthe Council" in these Finanoal Statements
should be construed as relating| ||to the equivalent
ofdirectors ofa company
for the purposes of Companies
Act requirements.| |1.3|Basis ofpreparation| ||The charity
constitutes
a public
benefit
entity as defined
by FRS 102. The financial
statements
have| ||been prepared
in accordance
with Accounting
and Reporting
by Charities: Statement
of Recommended| ||Practice applicable
to charities
preparing
their accounts
in accordance
with
the
Financial
Reporting| ||Standard
applicable
in the UK and Republic of Ireland (FRS 102)issued
on 16July 2014, the Financial| ||Reporting
Standard
applicable
in the United
Kingdom
and Republic of Ireland (FRS 102),the Charities| ||Act 2011 and UK Generally
Accepted Practice as it applies from
1 January 2016.| ||The financial
statements
are prepared
on a going
concern
basis under
the historical
cost convention,| ||modified to include cerlain items at fair value.
The financial
statements
are prepared
in sterling
which is| ||the functional
currency of the charity.| ||The significant
accounting
policies applied
in the preparation
of these financial
statements
are set out| ||below. 1hese policies have been consistently
applied to all years presented
unless otherwise stated.| |1.4|Going Concern| ||The Trustees were pleased that a full programme
ofevents were taking place in 2022.| ||At the date of approval
of these financial
statements,
the Trustees
continue
to take all available
steps to| ||maintain
sufficient
resources
in order that the Charity
can continue as a going concern
and meet the| ||needs of its beneficiaries
and creditors.
Consequently,
the Trustees have a reasonable
expectation
that| ||the Charity
will have sufficient funds to continue
to meet its liabilities as they fall due for the foreseeable| ||future and therefore
have prepared
the financial
statements
on a going concern
basis.| |1.5|ONce Equipment| ||Additions
to office equipment
are written
offto the Income and Expenditure
Account
in the year in which| ||they
are incurred
unless
the amounts
involved
are material,
in which case they are capitalised
and| ||depreciated
over 3years straight
line.| |1.6|Investment
Assets| ||Investment
assets are included
in the Financial
Statements
at their market
value or estimate
thereof.| ||Investments
which mature or are to be realised
within twelve months are categorised as current assets.| ||Afi gains and losses on investments,
both realised
and unrealised
are recognised
in the Statement
of| ||Financial
Activities and are transferred
to the Capital Account
in order to preserve
the long term capital| ||ofthe Charity.| ## ## ## ## ## ## ## ## |Analysis ofexpenditure|Direct|Support|Total|Total| |---|---|---|---|---| ||Costs|Costs|2022|2021| ||6||5|| |Raising funds|51,351|19,330|70,681|47,475| |Charitable
activities:||||| |Grants and other costs|116,410|36,712|153,122|188,605| |Total resources expended|167,761|56,042|223,803|236,080| ## |The Report ofthe Council provides a further breakdown|The Report ofthe Council provides a further breakdown|ofgrants paid.|| |---|---|---|---| |Costs ofraising funds||2022|2021| |||6|6| |Investment
manager's|fees|16,302|18,257| |Special activities costs||35,049|8,772| |Allocation ofsupport costs||19,330|20,446| |||70,681|47,475| |Grants and other costs|||| |Staff costs||40,488|39,531| |Telephone|||327| |Printing,
postage and stationery||1,228|1,100| |Insurances
and general|expenses|3,488|2,569| |Depreciation||567|601| |Bank charges||158|124| |Audit and Accountancy|Costs|6,360|6,780| |Legal and professional|fees|1,200|3,658| |Website costs||1,371|642| |Promotional
expenses||1,182|348| |||56,042|55,680| |Governance Costs|||| |Auditors'
remuneration|-for audit|5,400|4,440| |||5,400|4,440| ## ## ## ||| |---|---| |Fixed Assets|Office| ||Equipment| ||6| |Cost|| |At 1 January 2022|4,042| |Additions|882| |At 31 December 2022|4,924| |Depreciation|| |At 1 January 2022|3,715| |Charge for the year|567| |At 31 December 2022|4,282| |Net Book Value|| |At 31December 2022|| |At 31 December 2021|327| |Fixed Asset Investments|| ||Other| ||Investments| |At valuation:|| |At 1 January 2022|2,534,437| |Additions at cost|45,263| |Disposals|(279,604)| |Gains/(losses)
for the year|(400,419)| |At 31December 2022|1,899,677| |At 31 December 2021|2,354,437| |Historical cost:|| |At 31December 2022|1,394,048| |At 31 December 2021|1,444,778| ## ## ## ## ## |Debtors||||||||2022|2021f| |---|---|---|---|---|---|---|---|---|---| |Due within|one year:||||||||| |Income receivable|||||||||250| |Prepayments||||||||203|445| |||||||||203|695| |Creditors:||Due within|one year||||||| |Accruals||||||||5,400|6,000| |Other creditors||||||||943|887| |||||||||6,343|6,887| |Movements||in funds|||||||| ||||||||Other||| ||||At
01.01.22||Incoming
Resources|Resources
expended|recognised
gains and
losses|Transfers|At
31.12.2022| ||||||E|E|E|E|E| |Restricted|funds||||||||| |- Hardship||Fund||16,717||(750)||(15,967)|| |Unrestricted||funds|||||||| |— General|funds||2,520,354||139,987|(223,053)|(400,419)|15,967|2,052,836| ||||2,537,071||139,987|(223,803)|(400,419)||2,052,836| |Movements||in funds|(prior|year)|||||| ||||||||Other||| ||||||||recognised||| ||||At
01.01.21||Incoming
Resources|Resources
expended|gains and
losses|Transfers|At
31.12.2021| |||||||E||E|E| |Restricted funds|||||||||| |- Hardship|Fund||13,967||25,000|(22,250)|||16,717| |Unrestricted|funds||||||||| |- General funds|||2,381,087||80,856|(213,830)|272,241||2,520,354| ||||2,395,057||105,856|(236,080)|272,241||2,537,071| ## ## ## ## ## ## ## ## |17.
Statemen|t ofFinancial Activities|(Prior year)||||| |---|---|---|---|---|---|---| |||||2021||2020| ||||Unrestricted|Restricted||Unrestricted| |||Notes|Funds
f|Funds
6|Total
6|Funds
6| |Incoming
from||||||| |Donations|||4,024|25,000|29,024|104,296| |Other trading
activities|||16,526||16,526|584| |Investments|||60,306||60,306|65,210| |Total incoming|||80,856|25,000|105,856|170,090| |Expenditure
on:||||||| |Raising funds|||47,475||47,475|34,966| |Charitable
activities|||166,355|22,250|188,605|227,930| |Total expenditure|||213,830|22,250|236,080|262,896| |Net outgoing
resources before other||||||| |recognised
gains|and losses||(132,974)|2,750|(130,224)|(92,806)| |Other recognised|gains and losses:|||||| |Realised and unrealised
gains (losses) on||||||| |investment
assets|||272,241||272,241|22,151| |Net movement
in|funds||139,267|2,750|142,017|(70,655)| |Fund balances brought||||||| |forward
1January|2021||2,381,087|13,967|2,395,054|2,465,709| |Fund balances carried||||||| |forward 31December 2021||14|K2,520,354|816,717|f2,537,071|62,395,054|