This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2024-12-31-accounts
|
Page |
| Legalandadministrativedetails |
1 |
| Trustees'annualreport |
2—4 |
| StatementofTrustees'responsibilities |
5 |
| Independentexaminer'sreport |
6 |
| Statementoffinancialactivities |
7 |
| Statementoffinancialposition |
8 |
| Notes |
9-15 |
Kerry Gallagher
04/09/25
|
|
Unrestricted |
Endowment |
Yearto |
Yearto |
|
Note |
Funds |
Funds |
31December |
31December |
|
|
2024 |
2024 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
|
| Investmentincome |
2 |
31,031 |
|
31,031 |
29,408 |
| Interestreceived |
|
10,877 |
|
10,877 |
7,348 |
| Totalincome |
|
41,908 |
|
41,908 |
36,756 |
| Expenditure |
|
|
|
|
|
| Costofraisingfunds |
|
|
|
|
|
| Investmentmanagementcosts |
4 |
8,785 |
8,102 |
16,887 |
16,206 |
| ExpenditureonCharitableactivities |
3,5 |
118,036 |
|
118,036 |
119,700 |
| Totalexpenditure |
|
126,821 |
8,102 |
134,923 |
135,906 |
| Netexpenditureandnetmovementsin |
|
|
|
|
|
| fundsbefore |
|
|
|
|
|
| (losses)oninvestments |
|
(84,913) |
(8,102) |
(93,015) |
(99,150) |
| Netgainoninvestmentassets |
6 |
109,793 |
44,544 |
154,337 |
146,006 |
| Netmovementinfunds |
|
24,880 |
36,442 |
61,322 |
46,856 |
| Reconciliationoffunds |
|
|
|
|
|
| Fundbalancesbroughtforward1January |
|
1,317,877 |
941,365 |
2,259,242 |
2,212,386 |
| Fundbalancescarriedforward31 |
|
|
|
|
|
| December |
|
1,342,757 |
977,807 |
2,320,564 |
2,259,242 |
| nvestmentincome |
|
|
|
|
|
Unrestricted |
Endowment |
Total |
Total |
|
Funds |
Funds |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
| Listedinvestmentincome-dividends |
31,031 |
|
31,031 |
29,408 |
| haritableexpenditure |
|
|
|
|
|
|
|
Unrestricted |
Endowment |
Total |
Total |
|
Note |
Funds |
Funds |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
| Directexpenditure: |
|
|
|
|
|
| Paymentstoformeremployees |
|
20,092 |
|
20,092 |
23,604 |
| Paymentstowidowsof |
|
|
|
|
|
| formeremployees |
|
7,073 |
|
7,073 |
8,072 |
| NautilusWelfaredonation |
|
25,572 |
|
25,572 |
23,283 |
|
|
52,737 |
- |
52,737 |
54,959 |
| Supportcosts |
5 |
60,349 |
|
60,349 |
59,931 |
| Governancecosts |
5 |
4,950 |
|
4,950 |
4,810 |
|
|
118,036 |
|
118,036 |
119,700 |
|
|
Unrestricted |
Endowment |
Total |
Total |
|
|
Funds |
Funds |
funds |
funds |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
| ManagementCosts |
2024 |
8,785 |
8,102 |
16,887 |
|
| ManagementCosts |
2023 |
8,411 |
7,795 |
|
16,206 |
|
Charitable |
|
Total |
Total |
|
activities |
Governance |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
| Salariesandpension |
47,208 |
|
47,208 |
45,837 |
| Independentexamination |
- |
4,950 |
4,950 |
4,810 |
| Legalandprofessionalfees |
107 |
|
107 |
35 |
| Trusteesliabilityinsurance |
2,463 |
|
2,463 |
3,033 |
| Postage,stationery,telephone,travel, |
|
|
|
|
| computerandrent |
10,502 |
- |
10,502 |
10,979 |
| Bankcharges |
69 |
|
69 |
47 |
|
60,349 |
4,950 |
65,299 |
64,741 |
theirservices. |
|
|
| Staffcosts |
2024 |
2023 |
|
£ |
£ |
| WagesandSalaries |
33,927 |
33,287 |
| EmployersSocialSecurityCosts |
3,427 |
3,338 |
| OtherPensionCosts |
5,912 |
5,912 |
| HealthInsurance |
3,942 |
3,300 |
|
47,208 |
45,837 |
|
IndependentExaminersremuneration |
|
|
|
|
|
|
|
2024 |
|
2023 |
|
IndependentExaminersservices |
|
4,950 |
|
4,810 |
|
|
|
4,950 |
|
4,810 |
| 6 |
Netgainsoninvestmentassets |
|
|
|
|
|
|
Unrestricted |
Endowment |
Total |
Total |
|
|
Funds |
Funds |
funds |
funds |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
Netrealised/unrealisedgains2024 |
109,793 |
44,544 |
154,337 |
|
|
Netrealised/unrealisedgains2023 |
106,309 |
39,687 |
|
146,006 |
| 7 |
Investments |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
Quotedinvestments |
|
|
|
|
|
Openingmarketvalueat1January |
|
|
2,186,441 |
2,111,821 |
|
Additionsatcost |
|
|
186,607 |
435,087 |
|
Disposalproceeds |
|
|
(285,305) |
(506,473) |
|
Netrealised/unrealisedgains/(losses) |
|
|
154,337 |
146,006 |
|
Marketvalueat31December |
|
|
2,242,080 |
2,186,441 |
|
Historiccost |
|
|
1,798,782 |
1,930,722 |
|
QuotedInvestmentsatmarketvaluecomprised: |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
UKFixedInterestSecurities |
|
|
108,378 |
157,075 |
|
UKEquities |
|
|
687,021 |
724,177 |
|
OverseasEquities |
|
|
869,000 |
791,138 |
|
OverseasFixedInterest |
|
|
244,253 |
190,470 |
|
Commodities |
|
|
100,293 |
87,662 |
|
HedgeFunds |
|
|
233,135 |
235,919 |
|
|
|
|
2,242,080 |
2,186,441 |
| 8 |
Debtors |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Otherdebtors |
2,810 |
2,415 |
|
|
2,810 |
2,415 |
| 9 |
Creditors:amountsfallingduewithinoneyear |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Othertaxandsocialsecurity |
1,475 |
1,457 |
|
Othercreditors |
16,422 |
10,506 |
|
|
17,897 |
11,963 |
|
|
Movement |
inresources: |
|
|
|
Balanceat |
|
|
|
Balanceat |
|
1January |
|
|
|
31December |
|
2024 |
Incoming |
Expenditure |
Gain |
2024 |
| Permanentendowment |
|
|
|
|
|
| CapitalFund |
941,365 |
|
(8,102) |
44,544 |
977,807 |
| UnrestrictedFund |
1,317,877 |
41,908 |
(126,821) |
109,793 |
1,342,757 |
|
2,259,242 |
41,908 |
(134,923) |
154,337 |
2,320,564 |
|
|
Movement |
inresources: |
|
|
|
Balanceat |
|
|
|
Balanceat |
|
1January |
|
|
|
31December |
|
2023 |
Incoming |
Expenditure |
Gain |
2023 |
|
|
£ |
£ |
£ |
|
| Permanentendowment |
|
|
|
|
|
| CapitalFund |
842,851 |
|
(7,795) |
106,309 |
941,365 |
| UnrestrictedFund |
1,369,535 |
36,756 |
(128,111) |
39,697 |
1,317,877 |
|
2,212,386 |
36,756 |
(135,906) |
146,006 |
2,259,242 |
|
|
Net |
|
|
|
|
Current |
Total |
Total |
|
Investments |
Assets |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
| EndowmentFunds |
1,067,294 |
(89,487) |
977,807 |
941,365 |
| UnrestrictedFunds |
1,174,786 |
167,971 |
1,342,757 |
1,317,877 |
|
2,242,080 |
78,484 |
2,320,564 |
2,259,242 |
|
|
Net |
|
|
|
|
Current |
Total |
Total |
|
Investments |
Assets |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
| EndowmentFunds |
1,093,765 |
(152,400) |
941,365 |
842,851 |
| UnrestrictedFunds |
1,092,676 |
225,201 |
1,317,877 |
1,369,535 |
|
2,186,441 |
72,801 |
2,259,242 |
2,212,386 |