ZQE312 THE 1930 FUND FOR DISTRICT NURSES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 THE 1930 FUND FOR DISTRICT N TATEME P4e Referen* & Admini$iobv• Infomiaiion Chairfs Statement Ttuslees. Annual Rerort Ind&pendent Exarninerfs Rerx¥t Statsmentof Financial Acti￿lÈ•S BaPdnGe Shegt N¢i8$tothe Finfinci81 Stalemenl$ io ThE 1930 FUND FOR DISTRICT MURSES REFERENCE AND AOMINISTRATIVE INFORMATION Tru8t••8- Ch•lr'. Chairman.. nd$&y H8ye8 RGN, RHV, PGCEIFEI. Msc Ichairlrom 1st July 20221 Kieron Lynth FCSI Ire¥igned trorn Ch￿r 30th June 2022. resiwed as Tru51ee 7th Odober 20221 Troosuror.. Ad8m Fairhead Jean Bai* RGN, RM. RHV, Msc PeterWGoodwn JL¥ly Joseph ONC.RGN.RHV,WHonsl.MA Jaan Rowe RGN, RHV, PGCEA, Msclsoc Ro51. FQNI Hekn Willett$ RN, SPQON. MA Sarah Hayes lappointgj 20th Septernbw2022} Eleine Cl8ncy18ppointed 20th Serlember 20221 AdmlnI6trot￿'. The Trust P8rtnÈrship 6 Twll Fam Buildin98 Teibury G￿U￿stershI GL8 8SQ Indok*ntltni Examlnor Butt8¢0tt LLP Chartered Ar￿u￿tantS 130 w(￿ Street Londcn EC2V 6DL Banker¥'. Naiionsl W￿tr￿InSter Bank p 186 Brompton Road L(￿d0￿ SW13 1XJ Invostrn•nt Monagors.. Bl8ckRDck lftvesimènt m￿a9&MOnt p 12 Throgmorton Avenuo London EC2N 2DL Rutsr LLP 80 Victona Street London SW1E 5JL THE 1930 FUND FOR DISTRICT NURSES CHAIR'S STATEMENT FOR THE YEAR ENDED 30 JUNE 2022 l am delighted lo be vfflling this ￿port 81 end of another Successfk￿ year fDi Thè 1930 Fund for D15trict Nurses. Th￿ is my fir51 feporf as Chairand I bDk forward to continu￿9 10 effectivdy and prodU￿￿￿y￿1th all tru*le&6 as I tak& on th8 Chair iole. This Ly51 year has continua to oistr ¢h8llenyg5 for all those connected and ￿orking in the ￿llh and soEkql ¢8re 8tctor The mosl notable Issues faung communily nui$e$ Dver Ihis year have been thè slow and $t*ady In¢wse in ￿$1 of liviry ewense5 as the rale of Infiauon has risen io its htghe51 level Sin￿ the 1980's. In tht ¢utrenl clirnate of ri￿ng inflation. energy C051s. fvel In¢￿aSe$ Iht general 5qugozg on hving ¥nd a￿￿•$11¢ costs it 1$ &von more important that The 1930 FuThY for DIstr￿1 Nurses continues to remwn fttuged on 8chbvlng agreed stratÈg1¢ obj8¢bv6$ 11 is notable that the hnpkmwtabon of the strategy over the Lqsl year appeèts ID have had a very KA)Srtive impact on both ihe number of applicants 10 Ihe fvnd a$ voll as visils lo the ￿￿bsite Tho 8pplio*iiolls corning In to the Fund Vfd ihe ¥sEb511e is now the mosl likely route and all applicaliofjs have doutrlgd OvÈf the lasl year. Solh the Annual Bonefity¥ry Revjew the evidence provided ty thè nuw $tr88ngrs Indicate thai the age of appii¢ani$ conbnuÈS io dèc￿#$* and that lgvels ol hardship are now irnpacling oft th6 youngercommunily nursing generabons rather than the old&T reiired nurses. Dumg thi$ yoar 2021-32 over 5LWA of •ppli¢ant8 y￿re apBd bet*ten 3fv39 bpared lo less Ihan 10% th8 prevous year. With Ihis In mind Il noted thal there w8$ ¥ n¥e in applrcalions lor ¥s¥istance *ilh childcare Gosls a5 1%*11 as general living expe￿e¥ as a result of divor￿. sep8raii¢n or leaving Abusive r48lion$hips As in pre￿￿5 years the rnaionly ol applicants are female nurses 11 i4 anbthpai¢d thai the irnpacl of the increase in cost Dr living 9onw¥lly as V￿11 as car mainten8n¢o Iravd expenses f•alur more profflin&nUy In a￿￿tIonS in th8 fuluro. Financing increasing applications 0￿r thè p8SI yèar has romained a priorily for tho Fund The Increase in 8ppli¢aiions lo the spKia o¥rcumstances uoatèd by tho Covid pandem￿ and now 8$ IIVing ¢o&ts ri¥e, the do￿￿On la$1 yoar 10 raise gxtra I￿￿5 trom a sale of Inveslmenl$ h8$ enabled us lo contsnue lo meei the need5 Df our applicant$ The Fund's Inv*trnenl income has SI0￿Y re¢￿e*d as diwdends w￿re gradually resio I￿lO￿ng the sharp cuts Ihe p$ndpm¢ HD￿Ever other VKJrfd and d¢me$ti¢ events are likely lo h￿e negalive onyoiw ifflpaGI on the Funds Investments and ¢108e monilorillg ol the financial mats1$ V4711 rtrmain a ¢entr81 locus for b)Ih thtfinance coYnmiNee a re9ul£ragend8 ft$m ai quarterfy tW5tee m£•tingS We are p￿ased io rew1 Ih81 * havt been ¥bfe lo support mcre swlicanis ovgr this year and that a lotAI of £79,764 ¥VdS awdrded in grBnls, thlch waa an incwstr of 25% over the prevlcvs year. 11 r6 also notad that tn8jorily of IhBse avrard5 are on& off paymènts $pe¢l￿ or servus ￿ those expongncing fin￿cial haraship I VKJuld Iikg kn 8*end my th*k$ to all those have helpgd us lo support community nurse5 over this last year. Our cdleagues al the Tru$t P8rtner¥hip coDtifiue lo rnallage our admin$ir8lion effecliveFy. We are part￿￿￿r 90lelul lo Mia Du￿ridge for her 5en%live management ofwr Telephone Befri￿an9 s￿￿Ce th* offèts ￿ta¢] and $upwrt l¥ Ihp 18DL8tsd and lonely Wt artr alsD very gratefiJl lo ihose have m8d• donwions 10 Support our vhith. As our th continues to grow and * ond•avour lo reach out SLVPOrt more ccmmunity nw¥es are In hgidship. every don8lK)n L8 a vrtal contribution to us continuino 10 8¢hiev6 our ongoiw m15*0n. Finally. l MO￿ld ￿k* 10 thank ali my trustee colleagues for their Wn1￿￿[nO hard vKtk. engagement generosty of time. wlhoul %¥hom Ihe Fund wuld not conbDue lo exist. I W￿￿ld e$￿￿ellY like to e*8￿j thanks lo Kieron Lynch Our forrner Chai￿an In recogniiion of ¢omrnrftneDt and over many yeats V•ilh Ihe Fund. l swuld also like lo our two new I￿SIee5 SBrah Haye$ and Eiqint Clancy and look for¥*rd to ￿1th iw)th eyi51ing and newltusiees overthi5 coming year L1￿j5eY Hayes ChdrThe 1830 Fund for Nws Septsmt*r2022 ThE 1930 FUMD FOR DISTRICT 14URSES TRUSTEES, ANNUAL REPORT FOR THE YEAA ENDED 30 JUTr￿ 2022 Pa ThA tru$w8$ •ro ploa8•d to pr•8ontthl8 918tAnnual Rtsport togethFrwlth the Ilnanct•l tstatofftorts of thB charfty for th• yoar•nd•d 30th Jun• 2022. The fin8n¢pal $tslemeni$ have ¥een p¢p8red In a¢¢ord$ncevMlh the aGcouTrting ￿lI￿eS sei out on pages 10 to 12 of Ihe attached acco￿Thts and comply ￿1th Ihe ch8rrfy's Irutsi deed, the CharilK8¥ Acl 2011. regulation5 applicable Act. and k￿nting and Reporting by Chanlies. Statemeni of R￿￿MMenda￿ P(aciice applKable lo chafi1￿5 prepariry their accounts in aC￿[danCe ¥%iih Ihe FIllanc￿l Reporting Standard applicsblt in Ihe UK and Republic of Ireland IFRS 102). STrUCTURE, GOVERNANCE AND MANAGEMENT Constkutlon The chgrity 1$ wubted by 8 Tru$1 Deed dated 1￿h OGlobpr 1930 as arnended on 3rd July 1974 and an wderd818d 23rd February 2￿5 as amended by Speu81 Resolution daioa 21$1 Jun8 2005. Tnt$tee$ The chanly has &9hl trtsslees, meei quarterty. Th6r6 are C￿nmittee& of Ihe Iruslee bDard, namoly a nurse5 committee and a finan￿ commitLee. T11￿ m@m￿r5 of the nur¥e6 cgrnm￿ee the 45se55manl and aibration of grants and the finan￿ covnrn*ige 15 responsible for maintaining an ov6rvi&w of the Fund's finanaes. The idtrntifi¢¥b¢n of potsnik%i n8w Iru6tees is carried oui by Ihe board. Ihe aim bsir4 to applynl Ihose Y￿th the appropn8ie and exp8nw¢tf¢r th8 thariV8 vKrk. On agreeing lo beGLvne a Iruslee of the chanly. they are thoroughly bnefed by their cTrlru51ees Ihe history of the Trv$i, the day-1048y managEmenl. the responsibilibes of the Iruslees. ihe current obje￿1V*S and fulu Totsl 2022 Total 2021 DonaiioD5 and l*98d6s 5.743 5,743 1,419 In¥osbh8nis 24.811 38,288 63,D99 62.803 Totsi iii¢omo 24,811 44,031 66.842 64,222 XPENDI RE ON.. Chanlable activities 24,811 89.295 114.106 99.551 Total •xpoftdiwr• 24,811 89.29S 114,106 99.591 Not l•xpondlturel for theyear b•for* i￿￿$tmO￿t 98ln$ 145,2641 145.2641 136.3291 N•t Ilos$trsyg•rns on inv¢¥tmonts 147,2011 1121.0321 255,170 (exppr￿lIUr￿1lI￿¢offjè 147.2011 1119,0951 {166.2961 219N1 147,201} 1119,095} {166,2961 219,B41 R$¢w¢lltstlon of N•t movement olfund& Balance brought forw¥d al 1 July 893.056 1.498.198 2,391.254 2,171.413 Balanre ¢arried forward at JO June 6￿.855 1.379.103 2.224,958 2.391.254 NTINUI Tre results forthe year a￿j the preV￿u5 year as set oulabDve have been deriv£d enlirdy from continu￿$ operations. IN There are nofec(wJniwJ gain$ artd bsses ¢lhwih•n thos8 pa$8in4 tho Slatwnenl of FIlla￿la1 tstivilies. The [￿e$￿ pages 10 to 16 fr)mi part oflhoso fin$rf￿1 statemen THE 1930 FUND FOR DISTRICT FIURSES BAL4NCE SHEET AS AT 30 JUNE 2022 PA No t Fund No 2 Fund IRg8trictsdl (LIn￿Stricted) 2022 Z02Z Totsl 2022 rotal 2021 Flx•d assets QuDiÉd assèts 845.855 1,302,D94 2.147,949 2,268.981 64S.855 1,302,094 2.147.949 2.268,981 Current aiEets Pr8p8ymonta Cash al bank and in ha SS 92,472 55 92,472 133.387 Credltors.. Amovnts lalli duo ￿thIN on• •ar Creditors ACC￿al5 18,8651 16,6531 18.8651 16.6S31 {7.608} 13,5061 77.009 77,005 122,273 N•tASS 845,855 1,379.103 2,ZZ4,958 Z,391,254 Fund 8¢¢ounts'. 893.056 {47.2011 1.498.198 1119.09S1 2.391,254 1168.2*1 2.171.413 219,841 Nel rnovemenl in funds At30Ju 845,855 1,379,103 2,224,9S8 2,391,254 Tho on p898s 10 to 16 brm part of Ihosa fln8ncl81 stSl8r(ÈN$ A)prov8d bytha committéè on 2022 atvj $igfjed on its behaff by. THE 1930 FUND FOR DISTRICT NURSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Thp Fund Thè Fund ¥*¥$ inauourattd in 1930 for the 0or*fil of Drstricl Nurses by a gift of £100,000 from the lab Mr. Eme$1 Cfy)k. Thls ￿ginal fund, nowknovm a$ No 1 FunJ. 1$ reslDctèd in Inai it can wply onty 11$ Income ts Ihe ¥¥ork undertaken. The amount of the No.1 Fund 18 ¢on$equ8ntly 8qU81 to tho capital inveslfflenls represented thereby 8130 June 2022 In 1974, the In¢omtr from t￿* No.1 Fund be¢sme In$UffiC￿￿t lo meet the needs of beneficiaries arvj. In otder lo supplement the tunas avaiLqble and lo broaden tho y￿[k of th8 Fund, ¥ No.2 Fund was forffled froffl lurther gifts re￿iVed from domrs. The No 2 fund is unreslncied and both Income and capilal can be applied to help beneficiarie$ Thg financial staternents are drawn up to d￿￿ngUISh thé acu¥￿8$ of Ihe No.1 Fund {Te51rictedl and the No.2 Fund lunresthctedl. 21 Policles The prin￿paI £CCOunling policie5 Adopted. judgemenLA and key S￿r¢¢$ of 8$1imatrti) un¢ortalnty ifi the preparalk?n of the accounts are out bdow 1) 8asl$ of proparatlon These ffinallrAal statements have been prepared for the year lo 30 June 2022. The finanual stgternents have been prepared under the histon¢al ¢osi ￿veni1¢n *ilh rtemg remgnised al cost or tran5aG*ion value unless ott￿r￿Ase Staled in the reEev8nl ac¢wnb"ng polKies bElowor the notes lolhese fifjancl￿ ¥talemenls The a￿Ou￿Ls have been In aeaKdan¢e ¥￿h Acwjnting and Rewrtinp by c￿nIles. Slalemenl of Recomrnended PraciKe applicable to chanlies prepariw thglr 8ttOunLS In gecordance wlh the Financial RepDrting Stsndard applicab￿ In the UK and RewblK of Ireland {FRS 1D21 Ichariiios SORP FRS 1D21, the Fin8ntyal Repmiw arpli¢8bit in tht UK of Ireignd IFRS 1021 and tre Charitie$A¢t 2011. The tharily constitLrte5 a public b2nefit enlily a5 defined by FRS 102. The finanLial stalernenls are wesenled in 5teting and are rounded lo the nearest pound. ill Crili¢•l •¢¢ountin9 8Stim&tss and •réa$ of judgom•nt Preparaticffl of the finawBI statements iequres the trustees 10 make S￿nIf￿nI judgements and e5￿Mates. The I￿ste85 do ￿1 (¥)nsider that thare are any sources of e6brnthon ￿r￿ertainlY or key judgements mada in the p￿paratIOn of finantjal statements jjiIA*#ossment of going ¢on¢orn Th$ Iiustees have ￿e$s￿ ￿etI￿r the vse of the gimng o)rKetn a55uTnption is a￿[0￿318 in }yep8r￿9 ihese finan￿•1 slalemenls The Iruslees have made this 8SS8S8meni p) resp8¢t period of one yeartrom the dale ol approval ol ihese financKal statements trusi88$ of th8 charity h8ve concludod th•t Ihere 8re no matersal uncertainties rtrlated 10 tvonts or ¢ondilh)ns Ihal may cast Srg￿fiCanI doubt on the abihly of the ¢hanty to wniinue 8$ 8 going C(￿cern. and the Iruslees are of the opinion Ihal the ch8rrty VAII h£ve suff¢tni resour￿$ io meet its IiaLwlilie5 a5 they fall due. With regafd lo the nexl accounting period. the year ending 30 June 2023. the tnosl signfftanl areas that affect the carrying value of the assgt5 held by the chanly are the ￿Ve1 of invesimwi r•iurn and the patrman¢e of the investment m¥hei$ itsee the Invèstment Polity and 8 risk mA￿9£M￿nI se¢bQ19 of th& Imsleès. rewrt for more Infonnabtyll. THE 1930 FUND FOR DISTRICT NURSES NOTES TO THE FINANCIAL STATEMENfs (cont1n￿dI FOR THE YEaR ENDED 30 JUNE 2022 Iv) Income recognitio InLYJtne ￿ recoynisod ￿ th& ￿11¢￿ • thich tho ¢harity ha5 entit￿rn￿l to the Income. the arnount of In￿Me esn btr m&a¥urod rdiably ar￿ il is pr¢b8ble thai the ￿CL¥ne wll b& received. Incrjme Is deferred onty the group orchanly has to fulfil ¢ondli)n$ before be¢tshi￿ onli1￿ to ere Ihe donor ha5 Sp￿l￿e￿ Ih&ithe Incoffle Is lo be expended In a futLJ¢ 8tt¢uniiw penod. Income wmpriso$ donations and lega¢i?s. inv•$imeni income and Intere51 reCe￿able. Don81ions a￿ ￿¢￿nISed Ihe ¢h8nly has tyMfitm*iion of both amount and settlemenl date In the event of don*ion$ pledged bul nDf received. the 8mounl 15 ¥¢Ctued for there the recpipt 18 con51dered probable ln the event that a donaiion is subject to CDnditions th81 rèquir¥ 8 I&vo1 of perfotrnarKe before the Gttarily 1$ tnlilled lo the funds. the Income Is deferred and not reeogn15ed unbl erther Iho$e condilN)ns aro fully m¥t, or the fvthlmenl of those c￿￿1110￿S 1s wknolly vAlhin the ¢￿trol of Ihe chanly Il 1$ probable Ihai thos• conaillon8 v￿1 bg futhlw In Ihe reporti￿ penod. Leg￿leS are Included In the 5taternent of finanual actsvrties the chanfy 1$ to l898¢y, the executors have eslablished that there are su[fiC￿nI surplus assets In fhe estate to Pay ihe legacy, 8nd any ¢ondilK)n¥ attathed to Il*1tsgaty are V+ilhiD the control of the charity. Entit￿Ment is taken as the tartier of the dale on wlher the chanly Is aware Ih81 ryobate has been gr¥nitrd. Ihtr tstai$ has be8n finali8ed and notificabon has been rn￿e by the executor lo the ¢h¥nly that a di$inbulH)n Y•ill be made, orwhEn 8 dislribulv)n is received frum the eslale Receipt of legacy. in or In part. Is only cOnside￿d probable when IhÈ 8mouni Can b8 moasurea rsliab and Ihe charily has b￿n Dolified of the execulL*s Inlentson lo make a distribulKJn Wnerè 1sgaU•S havt L*en noiifiod to the ¢harty. or th¥ ¢harily 1$ a¥Yare ol the granting ol probate. bul the cnleria for irtom¢ rwnilion have not been met. then the 18ga¢y Is treatsd as a contiwenl asset and disdo¥ed If material. In Ihe eveni Ih81 the is In fomi ol as88t other than or a financwl asset traded on a recognised stock exchange. recognit￿￿ is subject lo the value ol the gift Wng reliably measurabb *ilth a degre8 of reasOna￿e aC￿racY and the Ilue of the 355el having tiang Ir¥nsfwr0d 1¢ Iho ¢hatity. tlvidènds are rawgnised once the divkl8nd has boon ded8red and nouftaith has b*n ro¢0iVod of the dividend due. Intsresi funds heFd on deposit 13 in¢ll￿￿￿ v4hen re￿Piable and the afflount can be measured li$bly by the charity. thi¥ 1$ normally upon noiific8l￿￿ Df Ihe iTrtsres1 paKJ or paYa￿e by the bank v} Exwndituro recognluon Liabilit￿5 aro reownised a$ eypenditure as soon as there is a legal or consiruthvè obligBtlon d practice These costs indude COSts re￿IlrO to the Indewdenl ¢￿MinatIon ollhe financial 5talernenls and legal fees. Suppm ¢D$i$ and governance cosis are allocaied to chanty's sin9Kg challtsb￿ 8CIIVity. vlil Itwe¥tm•nts Listed Investments are a form of basic financial inslrnrnent and dre milr8lly ￿￿nISed al their Iransacth?n value and sub¥equenlly ffle3¥ured at their fay value as al the balan￿ Sheet dale U￿￿9 Ihtrdosing market p The chBnty does not acryKe pul optk)ns, d8ri¥aliwe5 cr other￿mrA8x￿n8na8l Inswmenls. As noted atnve Ihe rnain form of firbancial nsk faced by the thanly Is Ihal of volthlity In equity markels and inve51menl matkels due lo wder econDmK c￿dItIOnS. the allilude ol inveslors lo inve61menl risk, and rhatye¥ in sèDbmèrtt concèming equthes and %%lih￿ part￿lar Sect￿ or sub tors Reali%ed gains ior10$8asI on inv&$imeni 8$Stt$ ¥r8 ¢ai¢uiated as the drfference btivthn ¢isposai ¢eeds •nd Iheir openin9 Carrying value or thgr pwchase Val￿ Is acquired sutywuenl ￿ the first day of Ihe fing￿￿01 year Unrealised gains and kJsse$ are c8l¢ul8led 8s the diffe￿ n¢e bet4Yeen the fair value al Ihe year end and their carrying value al that dale. Rea11sed and unrealised Invesifflenl gains lor losses) are combined in Ihtr Stslpmeni of fina￿Val activities a￿j are Credit￿ lor debited) in thè year in which Ihey aris Other invosknonls ar&inclLKtgd al riJ51. ￿thic￿ is considared to bo apwoxhm81• lo Ihgr markat ￿lUe. viiil Debtors are recc¥JnisaY al their settlement amount, les5 any provision for Thjn-recoverability. Prepayments are valL￿d al Iht atnounl pr8pad They lave beeD discouDtsd lo the pre5etht v￿u8 of Iho fuluiè cash I￿$1pt￿h•lè such discounting is matèrial Ixl Cash at bank and in h•nd Cash ai bank ar￿ ￿ hand rep￿SentS such a¢wni$ and in$ity￿nl¥ th* •rn av¥lable on dern8nd or hawè A maturity of less than th￿ months from the date of Wulsibon. Nl¢rodlttrs •rtd pro¥l$lM$ Creditors ar￿ pr¢vBon$ are re¢ognis8d Ih8re 1$ ¥ oNoaiion 81 itÈ bal8nco $h881 d81è As a re￿11 ol A pasi 8¥èni, it Is probatrA8 that a Iransf&i of èconomic bèMfiI V•ill bè rèquirèd In seitkmenl. and the amount of the setuemenl can be eslimated rel￿blY Creditors and PfOVISions are recognised al the amount the charity anti￿pa￿S it Yill pay to Sett￿ the debt. They have been diswutrted to tho pre¥ent v3luB of the fuiuFa cash payment where suth di¥count￿l Is tnalerial. XQ Fund accouniing Re51ricted lunds are monies raI5ed for. and Itt￿r used reslricled to. a spxffiG PLkPJ5e, or dOnat￿Tr subjecl lo dory)r condilv)n$ Lhreslricted Ivnd$ reprewl those rnonie5 that a￿ freely av¥i18ble for ap￿1¢01￿)n I￿r¢S a¢hwing any chanlable wrp05e that fall the charity's charibtle obJed¥. xlll Stat•rnent of Cash tlowi The financkql S￿leMentS do not in(4ude ¥ stsiemeni ofcash fi￿8 ts8￿88 ¢harity is txempt from tha r84uremeni to prepare such a statsmont undor the Charibes SORP FRS 1Q Upd*e Bull8in I and 2. THE 1930 FUND FOR DISMCY NURSES NOTES TO THE FINANCIAL STATEMENTS l¢oniinued) FOR THE YEAR ENDED 30 JUNE 2022 13 2022 2021 Unr0$t￿¢t0d lunds na Legacy IMO S GreeThvKJDd IMO Karen ￿M$ha￿ IMO John Topping IMOA9nes Jonès Sir Pot8r Oaniell Chaiiiy Trust Mr & Mrs Roger Danidl l mist8118￿￿8 und8r£2$0 1.600 1.206 598 37$ 300 250 500 669 1.664 Totsl S.743 1,419 41 2022 2022 2022 2021 R*$trirted lJnre$lrict•d Quoted inv8$tmenis 24.811 24,811 24,348 ND 2 Fund Quot&* Inve5bments 38,281 38.281 38.451 Int•r8sl Incorn Total 2022 24,811 38,288 63,099 62,803 Tolal 2021 24.348 38,45S 62.8Q3 THE 1930 FUPKfy FOR DISTRICT NURSES NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR EPIDED 30 JUNE 2022 e14 slsole No.1 F¥nd N•.2 Fund 2022 2022 Tol41 2022 Total Z021 Charltablè a¢tfvhle$ Grnnts TeknP￿￿e Btfr*nding Serv￿@ 24.611 $4,953 520 79,754 520 Sd,410 575 24.8f 1 55,473 80.284 84,98S Support ¢osts Adfflin15traiion IT Support Travel and mstlings Printing. Frf>51 and 5t8lionery Bank ¢h$rge$ Miscellaneous Tekphone 27,218 69$ 27.218 68S 586 643 319 35 27,220 2,237 418 334 35 36 319 35 29.486 25.486 30.280 Gty¢m•n¢e Independent exarn￿er fee {note 71 Admini$iratyon ACt￿ntaneY fees expenses 1.6È0 1.456 .200 1.680 1.456 1,200 1.632 1.454 1.200 4.336 4.336 4.286 Total Ex￿ndItu￿ 2022 24,811 89,295 114.106 99.551 Total 2021 64.744 34.807 99.551 61 staff costs and rernunoration of k• mana &m&nt rÈann The thatity eM￿oyed no mèmbers Of staff auriny the penc￿ The administration finar￿￿1 M?￿a￿￿ent ol the d the ¢h¥ty Is thrts0[￿￿ io The Trust Partnership The trus¢*8 consJd8r thai they comwse the key management of the chaiiiy in charya of dI￿￿lTrY and controlling. running and operating the ¢h*iiy on a d•y to d•y b•si8 Tho IruS￿eS ￿trived no rernunerdbon In conne¢iv)D Iheirdubès 71 om nt In fund• 2022 2021 This IS slated afterchargirg". Indewdenl examination fee 1.680 1.632 81 m•nt totruBt4•s No trustee or any person conneGt& wlh them navo r8¢eived Qr ara due 10 r•c8we any remunaralion in respectof IheirservKe3 as 8 trusts8 in the year, 12021 - £niD twsleè [d￿Ne0 reimbut5etnent of admini$iraiive èxpenses 12021 perlrymance ol dubes. £nill ir¢urred In th TrIE 1930 FUND FOR DISTRICT NLIRSES NOTES TO THE FINANCIAL STATEMENTS Iconunuod) FOR THE YEAR E14DE0 30 JUP4E 2022 Pa •15 91 Flx•d a d Inv•Btm•ntB Flo.1 Fund No.2 Fund 2022 2022 Totol 2022 Totsi 2021 Matketvalue ai stsrt of fin8no¥ year Disposa15 at matKet value Realised unrealised Ik)ssll98ln In the 147.2011 $3,056 7.375,925 2.268.981 I1￿,000) ?￿.170 l•lerket value atend offlnan¢ial y¥•r 845.855 1,302.094 2,147.949 2,268,961 The funds aro ¢ompri8e¢J a• follLAtsF'. 2022 Mark•t valu• 2022 Incorn• BlaGkRock ch￿tIeS UK Bond Fund 13S.493 5.064 BFackRock Charitie5 UK Equity ESG Fund 541.705 17,410 Ruffer Chatity As¥el¥ Trust Income Unit8 168.657 2,337 445,855 24J11 BlxkRock Charitses UK Bond Fund 217,100 8.114 B￿￿kR￿k Ch3rilRs UK Equity ESQ FuThY 827.782 ,603 Ruffer Chanfy Asget¥ Ttust Intome Units 251.212 3,564 1,302,094 38.281 THE 1930 FUND FOR DISTRFCT NURSES NQTES TO THE FINANCIAL STATEMENTS Icontinuvdl FOR TrIE YEAR ENDED 30 JUNE 2022 P8 e16 101 ve Balan esh t 30 une 2021 P40 1 Fund No 2 Fund IRestrSctedl IUnrO$tyiCt•dl 2021 T¢)tal FIx0d •8$0 Qtsotod asséts 893.056 1,375.925 2,268,981 B93,056 1,37S,925 2.268,981 Ca$h al b8nk and Wi hand 2,828 130,559 133.387 CrÈdilors.- Arnounts f Ill A¢¢w•ls •n¢ deferred In￿Me 12.8281 18.286) Not current assots 122,273 122,273 Net 1498 198 2 391 254 Fund accounts. 796,863 96,193 .374.550 123,848 2,171.413 219.841 Nèi movfrmeni in fund$ At 30 Juné 2021 1 498 198 2 391 254