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||||||Note|Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Total|Total|
|Iacome||||||||||
|Incoming resources of|a voluntary|||nature:||||||
|Subscriptions
including|tax recovered|||||27,470||27,470|28,195|
|Donations
including
tax|recovered|||||7,020||7,020|5,172|
|Legacies||||||28 224||2~8224|20000|
|||||||62 714||62 714|53367|
|Investment
Income:||||||||||
|Distributions
from investment
Deposit interest||managers||||108,368
2380||108,368
~2380|58,109
189|
|||||||110748||110748|58 298|
|Total incoming
resources||||||173462||173462|111665|
|Expenditure||||||||||
|Expenditure
on charitable||activities:||||||||
|Assistance for older beneficiaries||||||4,260||4,260|1,472|
|Grants to other beneficiaries||||||78,661||78,661|78,254|
|Support grants to pupils||||||73,721||73,721|65,679|
|Provisions
for doubtful|loans|||||(99527||~9527|{44451|
|Total resources expended||||2,3,4,6||147115||147115|140954|
|Net incoming
resources||||||26,347||26,347|(29,289)|
|Net gains/(losses)
on investment|||assets||5,9|71,021|58,048|129,069|(204,483)|
|Net movemeat ia fuads||||||97,876|58,048|155,416|(233,772)|
|Fund balances brought|fomvard||at|IJuly 2022||2,186,320|1,653,954|3,840,274|4,074,046|
|Fund balances carried|forward||at 30June 2023||9|2,283,688|1,712,002|3,995,690|3,840,274|
##
||||BALANCE SHEET|||
|---|---|---|---|---|---|
||||at 30June 2023|||
||||Note|2023|2022|
||||||f.|
|Fixed assets||||||
|Investments||||3,806,599|3,677,530|
|Current assets||||||
|Loans||||82,602|75,340|
|Cash balances||||93,080|75,974|
|Debtors||||29 754|27 121|
|||||205,436|178,435|
|Less: Creditors||falling due within one year||||
|Sundry creditors||||(16,345)|(15,691)|
|Net current|assets|||189,091|162,744|
|Net assets||||3,995,690|3,840,274|
|Funds||||||
|Unrestricted||||2,283,688|2,186,320|
|Restricted||||1,712,002|1,653,954|
|Total funds||||3,995,690|3,840,274|
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|Types ofcharitable
activity|Types ofcharitable
activity|Types ofcharitable
activity|||Direct|Support|2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||assistance|costs|Total|Total|
|Grants to older beneficiaries|||(age 60+)||2,474|1,786|4,260|1,472|
|Grants to other beneficiaries|||||45,685|32,976|78,661|78,254|
|Grants to current pupils|||||42,816|30,905|73,721|65,679|
|Loans (recovered)|||||(5,533)|(3,994)|(9,527)|(4,451)|
||||||~85442|~61673|~147115|~140954|
|5.
Investments|||||||||
|||||01.07.22|Additions|Disposals|Gains/loss|30.06.23|
|||||||8|8|8|
|NON-ENDOWMENT|PORTFOLIO||||||||
|Dimensional|||||||||
|UK Value||||36,019|2,004|(2,669)|427|35,781|
|UK Small Companies||||33,687|3,332|(1,207)|(491)|35,321|
|International
Value GBP||||375,202||(33,759)|22,105|363,548|
|Global Small Companies||GBP||360,052||(8,873)|22,179|373,358|
|Global Short Dated Bond||Fund GBP(Gross) 493,431|||17,099|(12,521)|(5,292)|492,717|
|Emerging
Markets Targeted|||Value GBP|187,465|3,065|(3,242)|2,748|190,036|
|||||1,485,856|25,500|(62,271)|41,675|1,490,761|
|Fidelity|||||||||
|Fidelity Index UK Fund|P (Acc)|||57,710|60|(3,004)|4,368|59,134|
|Vanguard|||||||||
|FTSEDev World exUK||||485,113|3,153|(12,110)|54,885|531,041|
|Emerging
Markets Stock||Index21||118,021|8,682||(7,676)|119,027|
|||||603,134|11,835|(12,110)|47,209|650,068|
|Cash realised|||||39,990||(39,990)||
|Non-Endowment
total|r/f|||~2146700|~77385|77 385|~53 263|~2199963|
##
##
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|5.
Investments
(continued)||||||||||||||
|||||01.07.22||Additions|Disposals|||Gains/loss||30.06.23||
|||||8|||||||8|8||
|Non-Endowment
portfolio b/f||||2,146,700||77)385||(77,385)|||53)263|2,199,963||
|ENDOWMENT PORTFOLIO||||||||||||||
|Jupiter||||||||||||||
|Merlin Balanced Portfolio||||1,530,830||4,750|||||71,056|1,606,636||
|Cash invested||||||||(4,750)|||4,750|||
|TOTAL||||~3677 530||~82 135||~82 13||~129069||~3806599||
|Summary
by sector||||||||||||||
|||||01.07.22||Additions||Disposals||Gains/loss||30.06.23||
|||||||8|||||8|||
|UK All Share||||57,710||60||(3,004)|||4,368|59,134||
|UK Smaller Companies||||33,687||3,332||(1,207)|||(491)|35,321||
|UK Value||||36,019||2,004||(2,669)|||427|35,781||
|MSCI Global Index||exUK||485,113||3,153||(12,110)|||54,885|531,041||
|Global Value||||375,202||0||(33,759)|||22,105|363,548||
|Global Small Companies||||360,052||0||(8,873)|||22,179|373,358||
|Emerging
Markets
Global Short Dated|Bond Fund|||305,486
493,431||11,747
17,099||(3,242)
(12,521)|||(4,928)
(5,293)|309,063
492,717||
|Multi-Asset
Funds||||1,530,830||4,750|||||71,056|1,606,636||
|Net cash movements||||||39,990||(4,750)||(35,240)||||
|TOTAL||||3~677530||~82 135||~82 135||~129069||~3806599||
|The original costofthe investments||||was $2,610,096(2022: $2,613,587).||||||||||
|6.
Loans|||||||||2023|||2022||
||||||||||8|||8||
|The movement|in loans was as follows:|||||||||||||
|Balance brought||forward|on 1|July in the year||||75,340||||80,316||
|Loans advanced||in the year||||||28,345||||22,910||
|Loans repaid in||the year||||||(26,586)||||(31,858)||
|Adjustment
in provision|||for loans unlikely to be recovered|||||5,533||||2,570||
|Adjustments
for||overpaid|loans and loans converted|||to grants|||(30)|||1,402||
|Balance carried||forward|on 30June in the year|||||82,602||||75,340||
|The dates for commencement||||ofloan repayments|are not always||specified, nor||is the||rate ofrepayment
normally||laid down.|
|The value ofloans expected to be repaid after more||||||than one year is||approximately||655,000||(2022:$55,000). All loans are||
|interest free.||||||||||||||
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|The movem|ent
in funds during|the year|was as follows:||||
|---|---|---|---|---|---|---|
||||Unrestricted|Funds|Restricted Funds|Total Funds|
||||(Reser ves)||(Permanent
Endowtnent)||
||||f.||||
|Balances at I July 2022|||2,186,320||1,653,954|3,840,274|
|Net surplus|before investment|gains|26,347|||26,347|
|Investment|gains||71,021||58,048|129,069|
|Balances at 30 June 2023|||2,283,688||1,712,002|3,995,690|
|The funds comprised:|||||||
|Investments|||2,199,964||1,606,635|3,806,599|
|Net current|assets||83,724||105,367|189,091|
|Total|||2,283,688||1,712,002|3,995,690|
##
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|Financial|Assets||||||||
|---|---|---|---|---|---|---|---|---|
|Measured|at fair value through||SOFA:||||||
||||||2023||2022||
|Fixed asset quoted||investments||3,806,599|||3,677,530||
|Cash under management|||||74,732||49,783||
|Cash at|bank||||18,348||26,191||
|Loan debtors|||||82,602||75,340||
|Accrued|income||||29,754||27,121||
|Financial|Liabilities||||||||
|Measured|at amortised cost:||||||||
|Creditors &Accruals due within one year|||||16,345||15,691||
|The income, expenses, net gains and net losses attributable||||to the Charity's|financial|instruments|are summarised|as|
|follows:|||||||||
|Income|and expense||||2023||2022||
||||||8||f.||
|Measured|at fair value|through SOFA:|||||||
|Net gains/(losses)||on investments|||129,069||(204,483)||
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||for the|five years ended 30June 2023|five years ended 30June 2023|||
|---|---|---|---|---|---|
|INCOME|2023|2022
8|2021|2020|2019|
|Subscriptions
Donations
and legacies
Distributions
and interest|27,470
35,244
110,748|28,195
25,172
58,298|31,903
40,382
90,162|32,807
73,839
70,585|34,172
25,998
74,509|
|Total incoming resources|173,462|111,665|162,447|177231|134,679|
|EXPENDITURE||||||
|Assistance for older beneficiaries
Grants to other benegciaries
Support grants to pupils
Loans unlikely to be recovered|2,474
45,685
42,816
(5,533)|850
45,040
38,060
(2,570)|2,195
23,177
42,565
20,334|1,650
19,081
59,863
12,674|2,686
20,428
23,703
816|
|Salaries and support costs
Governance
costs|85,442
55,373
6,300|81,380
53,974
5,600|88,271
59,269
5,000|93,268
39,348
5,000|47,633
32,802
4,600|
|Total resources expended|147,115|140,954|152,540|137,616|85,035|
|Net incoming
resources|26,347|(29489)|9,907|39,615|49,644|
|Net gains/(losses)
on investments|129,069|(204,483)|555,847|(144,905)|53,014|
|Net movement
in funds|155,416|(233,772)|565,754|105,290|102,658|