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← Gardner's Trust For The Blind

2023-09-30-accounts

Page
Charity
information
Trustee's
report
Independent
examiner's		 report
Statement of Ananctal activities
Balance sheet
Notes to the accounts

for the year end ed 30S eptember 2023
2023 2023 2023 2022
Unrestricted Unrestricted Unreetncted Unrestricted
Income Capital Total Total
Fund Fund Funds Funds
Income
Income from Investments 129,833 129,833 111,477
Donations
received		 5,250 5,250
Interest on deposh accounts 3,239 3,239 124
Total income 138,322 138322 111,6~1
Expenditure
Managing
funds		 18,605 18,605 19,907
Charitable
activities		 03totss 8 and 9) 68,594 68,594 70,408
Governance
costs		 (Note 12) 15,428 15,428 14,143
Total expenditure 102,827 1112627 104458
Net surplus for the year 35695 35,695 7,143
Transfer between funds (35,695) 35,695
Gain/(kes)
on Investments		 (note 3) 92,920 92,920 {632,745)
Net movement
in		 funds t28,615 128,616 ~625,602
Fteconciliation
of		 funds
Total funds brought
forward		 220,000 3,606,043 3,826,043 4,451,645
Total funds carried forward 220,11110 3734658 3954658 3,826,013

as at 30Se ptemb er 2023
Notes 2023 2022
6
Fixed assets
Investments 3,760,375 3,614,21'I
Current assets
Oebtors 4 592 238
Cash at bank 204,884 218,145
205,476 218,383
Creditors: amounts falling due
within one year 5 ('I1,193) (6,551)
Net current assets 194,283 211,832
Net assets 3954658 3,826,043
Reserves
Unrestricted capital fund 3,734,658 3,606,043
Unrestricted income fund 220,Ml0 220,000
Total reserves 3,854,658 3,826,043

Investments
2022
6
Market valuation
At 1 October 2022 3,614,211 4,260,465
Additions 993,466 971,592
Realised gain on investments 115,364 272,029
Unreal!sad loss on investments (22,444) (904,774)
Disposal proceeds (940,224) (985,101)
At 30September 2023 3 TBO 3f75r 3,614211

fo r the year ended 30 Septe mber 2023
4 Debtors 2023 2022
5
Other debtors 592 238
582 238
5 Creditors: amounts falling due within one year 2023 2022
E 5
Sundry creditors 5,193 2,867
Grants awarded 6,000 3,684
11 193 6 551
6 Unrestricted
capital		 fund 2023 2022
6
At 1 October 2022 3,606,043 4,231,645
Gain/(loss)
on investments		 92,920 (6327II5)
Transfer from/(to) income fund 35,685 7,143
At 30September 2023 3,734,658 3,606,043
7 Unrestricted
income		 fund 2023 2022
F 5
At 1 October 2022 220,000 220,000
Net surplus
for the		 year 35,695 7,143
Transfer (to)/from capital fund (35,695) (7,143)
Ai 30September 2023 220,000 220 000
8 Expenditure
on		 charttabte activities 2023 2023
6
Activities Grant Giving 6upport Total
undertaken Actlvluaa Coats {Note
Directly 1st
Donations
(Note		 11) 106 606
Grants Awarded (Note 11) 41,569 8,814 50,383
Annual
Grants Awarded		 14,525 3,080 17,605
500 560111 12000 69595

Actlvlues Grant Giving Support Tatsi
Undertaken Activities Costs (trots
Directly 10)
Donations lNote 11) 1,000 206 1,206
Grants Awarded (Note 11) 40,613 8,448 48,061
Annual Grants Awarded 16,675 3,466 20,141
1,000 57,288 12,120 70,408
Analysis ofsupport costs 2023f 2022f
Secretarial Fess 8 Disbursements: Grants 12 F00 \2 120

11 Grants awarded 2023 2022
f.
General Aid Grants 41,569 40,613
Donations 500 1,000
42,066 41 613
12 Governance
Costs		 2023f 2022f
Gardner's
Trustee Annual		 Return 13 13
Secretarial Fees &Disbursements: Governance 13,296 12,120
Sundry Expenses 373 362
Indemnity
insurance		 478
Independent
examination		 fees 1,260 1,170
16 426 14143

14 Analysis ofnet assets between funds ofnet assets between funds
2023 2023 2023 2022
6 6 6 8
Capital Income Tots I Tots I
Account Account
Investments 3,760,375 3,760,375 3,614,211
Current Assets (25,717) 231,193 205,476 218,383
Current Liabilities (11,193) (11,193) (6,551)
Total 3,734,658 220,000 3,954,658 3,826,043

for the yeer ended the yeer ended the yeer ended 30S e pt em b er 20 23
17 Inveatmanta 2023 2023 2022
6 E 8 E 6
Cost B)Fwd Addlusns Dbpassis Cast CIEwd ulsrk st
At Cost At Cast value
iShares SSP500 Nsv Llnits
10,000 78,895
5,000 (39,445)
5,000 39,447 175,831 327,375
8»hares FTSE100iahsrescore FTSE
Ucl\8
17,50D 119,565 118,090
17,500 131,329
35,QOO (250,894)
VK Government 0.125'/ dL 03/2026
60,DOO 80,862 85,766 80,083
Mercantile Investment TST fqc Dnl.
25p
70,000 73,264 73,264 136,710 115,150
Columbia Threadneedle Investmsnt
VK Equity Income Unhs
106,814 137,323 137,323 207,326 180,804
Stsckrock Fund llllsnsgers Ltd
European Dynamic
Fund		 income Vnlta
115,0DO 115,746 115,746 296,850 245,356
Artenda Fund Managers Instttudonsl
Income Units
140,306 122,241 181,231 127,6Q9
38,000
178,306
Empiric Student Property Ord1p
100,000 102,089 57,376 85,850
(36,00D) (36,752)
64,000 65,337
IShsres Li Pic Core VK Gilts
Institutional Income Vnits
6,000 79,515 79,515 59,475 62435
City ofLondon Investments Ord. 25p
40,000 159,330
(40,000) (159,330)
Gamed forward 1,868,836 176,317 (488,424) 752,723 1,200,565 1,463,084

2023 2023 2022
6 6 6 6
Cost BIFwd Additions Ohposals Cost Clrwd Market ttarkst
At Cost At Cost value value
Brought forward 1,666,630 176,317 (466,424) 752,723 1,230,666 1 493,064
Maldsnd Inatl Svc Ml Twsntyfour
Am
dynamic
BDO 87,312 57,312 54,489 53,652
Fidelity Special Value Ord GSP0.05p
75,000 145,601 2D4,563 179,438
Intematkmal Public Partnership
10D,GOO 154,746 62,00G 151,600
50,000) (77,373)
50,000 77,373
gchroder Investmeat
elansgement
300 109,337 1D9,337 118,744 116,897
Diverse income Tru Ordn GBP0.001
125,GDO 106,646 100,575 108,250
Franklin Tempgtm UKSmager Cos W
Acc Nsv
1 '(,001 74,885 1,241 38,224 82,445
(5,400 (37,356)
5,601 38,750
Rlum Royal London Sustainable
Leaders Trust
40,00D 8D,744 132,887 84,680
15,0GO 37,340
55,000 118,084
Henderson Euro Foc Ord GBP0.50
40,DOG 52,721 52,721 62,800 50,800
Schroder Unit Tst L)SSmatter Coa 2
Inc
35,000 5D,760 50,760 59,360 61,215
3(fusty One Fd Managers Global
Environment KGBP
50,000 51,927 568 52,495 70,645 74,065
RIT Csp Partners Ord GBP1
5,00D 93,701 93,701 96,45D 103,75D
Canted forward 2057,030 209,466 (601,153) 1,665,403 ??6'1,662 ?,669,646

the year ended 30Septem ber 202 3
2D23 2023 2022
t f E E
Cour Blpvvd Addatoos Disposats Coot Ciprvd hisrkst hhuket
At Cost At Cost value
Bmught forward 2057,090 (601,153) 1,665,4D3 2,201,582 2,559,646
Schroder Real Estate Ordlnarty Shares
NPV
200,000 63,401 55,924 92,400
(85,000) (20,605)
135,000 42,796
Sdcl Energy Efficient Ord GBPD.D'I
100,000 111,577 111,577 87,250 101,000
The Renevrab(es Inf Ord f(PV
70,632 85,192 75,578 9D,027
Warehouse Reit PLC Ord GBP9.01
70,000 84,700 57,435 75,600
Oaktree (Luz) Funds Global High Yield
Bond
1,200 1'13,040 48,546 92,364
(600) (56,52D)
6DD 56,520
Royal London Bond Fund
65,000 93,554 93,554 73,905 70,980
JO Hambro Cap Rlanagement Johcm
UK Equity
75.000 146,187 124,821
(75,000) (146,167)
Twentyfour Global inv Corporate
Bonds
1,000 102,794 102,794 79,920 77,580
Avlva invrs Se(Fd A!Ua Eqty Inc
80,000 158,081 158,081 148,632 164,968
Hipgnosis Songs Fund
50,000 56,401 58,401 40,150 44,525
Vatu-Tree Inv Funds Protean Cap Ekler
135,000 '125,536 (395) 125,141 127,489 120,290
Life Science Reit
90,000 6D,391 60,391 82,820
Carried forward 3,'IM, 663 289,857 (624,66D) 2,644.650 3,039,231 3,6t4, 20'I

2023 2023 2022
E E E E E
Cost Biswd Additions Olsposals Cost CIFwd Slaraet Nlarkal
At Coat At Cost value value
Brought forward 3,199,553 269,857 (624,660) 2,644,550 3,039231 3,614,201
Primary Health Prop
45,0DO 41,601 41,601 41,929
Hicl Infrastructure
52,000 65,391 65,391 64,532
tIK (Government otj 0.12634 Blonds
20,000 19,629 19,629 19,691
Muzlntch 8Co Global
420 38,329 38,329 37,943
Morgan stanley IfEmerging Markets
7,300 60,371 107,289
5,800 47,850
13,100 108,221
LF Llndseg TrIIK
48,000 158,617 158,617 164,813
SA Selrtal Gootlnuul
12,700 158,623 158,823 160,9D9
Jupiter UT Managers
120,000 133,200 133,200 134,028
Total 3,199,553 993,466 - 624,660 3,366,'161 3,780365 3,6l4,201

for the year end ed 30September 2023 ed 30September 2023
17
Comparative		 statement offinancial activities 2022 2022 2022
5 6
Unrestricted URIestIIcied Unrestricted
income Capital Total
Fund Fund Funds
Income
investment
income		 11'i,477 111,477
Interest on deposit accounts 124 124
Totst income 111,60'i 111601
Expenditure
Managing
funds		 19,907 19,907
Charitable
acfivitiss		 (Notes 9) 69,408 69,408
Governance
costs		 (Note 12) 15,143 15,143
Total expenditure 104,458 104,458
)tet surplus
for the		 year 7,143 7,143
Transfer between funds (7,143) 7,143
Loss on investments (note 3) (632,745) (632,745)
Net movement
in		 funds ~625,6122 ~625 602
Reconclllation
of		 funds
Total funds brought forward 220,000 4,231,645 4,451,645
Total funds carried forward 220,000 3,606,043 3826043

77/is schedu/e
does no/ fo/		 m p e/t ofthe ste/u/ory
scco		 un/s
2023 2023 2023 2022
6 6 6
Unrestricted Unrestricted Unrestricted Unrestricted
General Capital Total Total
Fund Fund Funds Funds
Incoming resources
Income from investments 129,833 129,833 111,477
Donations
received		 5,250 5,250
Interest and deposit accounts 3,239 3,239 124
Total incoming
resources		 138,322 138,322 111,601
Resources expended
Managing
tunds		 18,605 18,605 19,907
Gardner's
Trustee Annual		 Return 13 13 13
Secretarial Fees &Disbursements:
Grants 12,000 12,120
Secretsnai Fees 8 Disbursements:
Governance 13,296 13,296 12,120
Sundry Expenses 373 373 362
Indemnity
Insurance		 486 486 478
Audit/Independent
Examination		 Fees 1,260 1,260 1,170
Donations 500 'I,000
Grants Awarded
(Note 11)		 41,569 41,569 40,613
Annual
Grants Awarded		 14,525 14,525 16,675
Total resources expended 102627 102627 104,458
Net incoming
resources for the		 35,695 35,695 7,143
year
Transfer between
funds		 (35,695) 35,695
Unreaiised
gain on revaluation		 of
investments
Realised gain on revaluation		 of (22,444) (22,444) (904,774)
Investments 115,364 115,364 272,029
Net movement
in funds		 126,615 126.615 ~6256112
Total funds brought forward 220,000 3,606,043 3,826,043 4,451,645
Total funds carried forward 220,000 3,734858 3,954,658 3826,043