| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 7 | to | 11 |
| TRUSTEES | G D Fergusson | |
|---|---|---|
| Dr S Sleight | ||
| DrM Mayston | ||
| Professor PAustin | ||
| Baronness Liddell ofCoatdyke | ||
| PRINCIPAL ADDRESS | Australia Centre |
|
| Strand | ||
| London | ||
| WC2B 4LG | ||
| REGISTERED CHARITY | 207813 | |
| NUMBER | ||
| INDEPENDENT EXAMINER | Oury Clark Chartered Accountants | |
| Herschel House | ||
| 58 Herschel Street |
||
| Slough | ||
| Berkshire | ||
| SL1 1PG | ||
| CAF Bank | ||
| 25Kings Hill Avenue | ||
| West Mailing | ||
| Kent | ||
| ME194JQ | ||
| Commonwealth | Bank ofAustralia | |
| Ground Floor Tower 1 | ||
| 201 Sussex Street | ||
| Sydney | ||
| NSW 2000 | ||
| Australia | ||
| INVESTMENT MANAGERS | MdtG Investments | |
| PO Box9038 | ||
| Chelmsford | ||
| CM99 2XF | ||
| Schroders Unit Trust Ltd | ||
| 1 London Wall | Place | |
| London | ||
| EC2Y5AU |
| 31.12.22 | 31.12.21 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | 8 | ||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Investment | income | 2 | 184,922 | ~184922 | 151,972 | ||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Charitable | Activities | 166,565 | 166565 | 143506 | |||
| Net gains/(losses) on investments |
~245 01181 | ~245 088 | 4511928 | ||||
| NET INCOME/(EXPENDITURE) | 18,357 | (245,088) | (226,731) | 459,394 | |||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds | brought forward |
126,440 | 4,261,796 | 4,388,236 | 3,928,842 | ||
| TOTAL FUNDS CARRIED FORWARD | 144,797 | 4.1116.708 | 4.161,505 | 4308 236 |
| 31.12.22 | 31.12.21 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | |||||||
| FIXEDASSETS | |||||||
| Investments | 7 | 4,016,708 | 4,016,708 | 4,261,796 | |||
| CURRENT ASSETS | |||||||
| Cash in hand | 146,482 | 146,482 | 128,095 | ||||
| CREDITORS | |||||||
| Amounts falling due within one year |
8 | (1,685) | (1,685) | (1,655) | |||
| NET CURRENT ASSETS | 144,797 | 144,797 | 126,440 | ||||
| TOTAL ASSETSLESSCURRENT | |||||||
| LIABILITIES | 144,797 | 4,016,708 | 4,161,505 | 4,388,236 | |||
| NET ASSETS | 144,797 | 4,016,708 | 4,161,505 | 4,388,236 | |||
| FUNDS | |||||||
| Unrestricted funds |
144,797 | 126,440 | |||||
| Endowment funds |
4,016,708 | 4,261,796 | |||||
| TOTAL FUNDS | 426150( | 43$8236 | |||||
| The financial statements |
were approved | by the Board ofTrustees and | authorised | for issue | Jun 7,2023 on ..................'................... |
||
| and were signed on its behalf by: |
| INVEST | MENT INCOME | ||||||
|---|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||||
| Dividends | - equities | 172,931 | 131,193 | ||||
| Interest - fixed interest securities | 11,722 | 20,775 | |||||
| Interest on cash deposits | 269 | 4 | |||||
| ~I84 922 | 151,972 | ||||||
| 3. | CHARITABLE ACTIVITIES | COSTS | |||||
| Grant | Support | ||||||
| funding of | costs (see | ||||||
| activities | note 4) | Totals | |||||
| Charitable | Activities | 149,026 | 17,539 | 166,565 | |||
| 4. | SUPPORT COSTS | ||||||
| Governance | |||||||
| Management | Finance | Other f |
cost's | Totals I |
|||
| Charitable | Activities | 12,974 | ~1901 | ~1364 | 1,300 | ~17 539 |
| FIXEDASSETINVESTMENTS | |||
|---|---|---|---|
| Unlisted | |||
| investments | |||
| ~TVALUE | |||
| At 1 January 2022 Revaluations |
4,261,796 ~243,080 |
||
| At 31December 2022 | 4,016 708 | ||
| NET BOOKVALUE | |||
| At 31December 2022 | 4,D16,708 | ||
| At 31December 2021 | 4.261.796 | ||
| Market value analysed by type of investment | |||
| 2022 | 2021 | ||
| UK fixed interest | 577,102 | 645,623 | |
| UK equities Overseas equities |
2,997,338 442,268 |
3,433,441 182,732 |
|
| 4016708 | 4,261796 | ||
| Cost or valuafion at 31December 2022 is represented |
by: | ||
| Unlisted | |||
| investments | |||
| Valuation in 2022 |
4 D16.7110 |
| Iffixed asset investments | had not been revalued | they would have been included | at the following | historical cost: |
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| Cost | 3316490 | ~3316490 |
| CREDITOR | S: AMOUNTS | FA | LLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| Other creditors | 1,685 | 1,655 | ||||
| MOVEMENT IN FUNDS | ||||||
| Net | ||||||
| movement | At | |||||
| At 1.1.22 I |
in funds | 31.12.22 | ||||
| Unrestricted | funds | |||||
| General fund | 126,440 | 18,357 | 144,797 | |||
| Endowment | funds | |||||
| Endowment | funds | 4,261,796 | (245,088) | 4,016,708 | ||
| TOTAL FUNDS | 4 3S8.236 | ~226,7311 | 4,161S95 | |||
| Net movement in funds, included |
in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||
| resources f |
expended 6 |
losses | in funds I |
|||
| Unrestricted | funds | |||||
| General fund | 184,922 | (166,565) | 18,357 | |||
| Endowment | funds | |||||
| Endowment | funds | (245,088) | (245,088) | |||
| TOTAL FUNDS | ~184 922 | ~166 565) | ~245 088 | ~226,731 | ||
| Comparatives for movement |
in | funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.1.21 | in funds | 31.12.21 | ||||
| g | ||||||
| Unrestricted | funds | |||||
| General fund | 117,974 | 8,466 | 126,440 | |||
| Endowment | funds | |||||
| Endowment | funds | 3,810,868 | 450,928 | 4,261,796 | ||
| TOTAL FUNDS | 3928 1142 | 459 35'4 | 438S236 |
| Comparative | net movement in funds |
, included in the above are a |
s follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended I |
losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 151,972 | (143,506) | 8,466 | ||
| Endowment | funds | ||||
| Endowment | funds | 450,928 | 450,928 | ||
| TOTAL FUNDS | 151,972 | ~143306) | ~450 928 | 459,394 |