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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|3|
|Report ofthe Independent|Auditors|4|Io|5|
|Statement of Financial Activities|||||
|Balance Sheet|||||
|Notes to the Financial Statements||8|to|14|
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||||2022|2021|
|---|---|---|---|---|
||||Unrestricted|Total|
|||Notes|fundf|funds
6|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies|||57,973|42,852|
|Other trading
activities|||8,005|5,286|
|Investment
income|||118,967|103,551|
|Total|||184,945|151,689|
|EXPENDITURE ON|||||
|Raising funds|||26,672|29,310|
|Charitable
activities|||||
|Grants payable to individuals|||77,950|55,300|
|Other|||11,442|10,366|
|Total|||116,064|94,976|
|Net gains/(losses)
on investments|||(481,065)|352,313|
|NET INCOME/(EXPENDITURE)|||(412,184)|409,026|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
fonvard|||4,154,004|3,744,978|
|TOTAL FUNDS CARRIED FORWARD|||3,741,820|4,154,004|
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||||2022|2021|
|---|---|---|---|---|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|5|5|
|FIXEDASSETS|||||
|Tangible assets
Investments||11
12|27
3,661,191|92
4,091,738|
||||3,661,218|4,091,830|
|CURRENT ASSETS|||||
|Stocks||13|2,865|3,524|
|Debtors||14|10,471|9,205|
|Cash at|bank||77,982|59,897|
||||91,318|72,626|
|CREDITORS|||||
|Amounts|falling due within one year|15|(10,716)|(10,452)|
|NET CURRENT ASSETS|||80,602|62,174|
|TOTAL|ASSETSLESSCURRENT|LIABILITIES|3,741,820|4,154,004|
|NET ASSETS|||3,741,820|4,154,004|
|FUNDS||16|||
|Unrestdicted
funds|||3,741,820|4,154,004|
|TOTAL|FUNDS||3,741,820|4,154,004|
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||DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||
|---|---|---|---|---|
||||2022|2021|
||||8|8|
||Donated services||5,000|5,000|
||Donations||39,930|26,072|
||Fines received||300|410|
||Legacies||12,668|11,370|
||Framed
Prints||75||
||||57,973|42,852|
|4.|OTHER TRADING ACTIVITIES||||
||||2022
8|2021f|
||Sales ofbadges||8,005|5,286|
|5.|INVESTMENT INCOME||||
||||2022|2021|
||Income from investments||118,967|103,551|
|6.|RAISING FUNDS||||
||Other trading
activities||2022|2021|
|||||8|
||Purchases||3,251|2,247|
||Investment
management|costs|2022f|2021f|
||Portfolio management||23,421|27,063|
||Aggregate
amounts||26,672|29,310|
|7.|CHARITABLE ACTIVITIES COSTS||||
|||||Grant|
|||||funding of|
|||||activities|
|||||(see note|
|||||8)f|
||Grants payable to individuals|||77,950|
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|GRANTS PAYABLE|||||
|---|---|---|---|---|
||||2022|2021|
||||6|2|
|Grants payable to individuals|||77,950|55,300|
|SUPPORT COSTS|||||
||||Governance||
||Finance
f|Other
f|costs
f|Totals
f|
|Other resources expended|36|1,185|10,221|11,442|
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Fixtures|||
||and|||
||fittings|Equipment|Totals|
||6|6|6|
|COST||||
|At I January 2022 and 31 December 2022|328|3,287|3,615|
|DEPRECIATION||||
|At 1 January 2022
Charge for year|328|3,195
65|3,523
65|
|At 31 December 2022|328|3,260|3,588|
|NET BOOK VALUE||||
|At 31 December 2022||27|27|
|At 31 December 2021||92|92|
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|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At 1 January 2022
Additions|4,091,738
413,959|
|Disposals
Unrealised
loss|(363,089)
(481,417)|
|At 31 December 2022|3,661,191|
|NET BOOK VALUE||
|At 31 December 2022|3,661,191|
|At 31 December 2021|4,091,738|
##
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|12.|FIXEDASSET|INVESTMENTS - continued||||||||||
|||||||||||2022|2021|
|||||||||||5|f|
||In the UK|||||||||3,040,710|3,343,152|
||Outside the UK|||||||||620,481|748,506|
|||||||||||3,661,191|4,091,738|
||Cost or valuation||at 31 December|||2022 is represented||by:||||
||||||||||||Listed|
||||||||||||investments|
||||||||||||6|
||Valuation
in 2022||||||||||3,661,191|
|13.|STOCKS|||||||||||
|||||||||||2022|2021|
|||||||||||2|f|
||Finished goods|||||||||2,865|3,524|
|14.|DEBTORS:AMOUNTS|||FALLING||DUE WITHIN|ONE YEAR|||||
|||||||||||2022|2021|
|||||||||||6|F|
||Prepayments|and|accrued income|||||||10,471|9,205|
|15.|CREDITORS:|AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||||
|||||||||||2022|2021|
|||||||||||2|F|
||Other creditors|||||||||10,716|10,452|
|16.|MOVEMENT|IN FUNDS||||||||||
|||||||||||Net||
|||||||||||movement|At|
||||||||||At 1/1/22
f|in funds
2|31/12/22
f|
||Unrestdcted|funds||||||||||
||General fund||||||||4,154,004|(412.184)|3,741,820|
||TOTAL FUNDS||||||||4,154,004|(412,184)|3,741,820|
||Net movement|in|funds,||included|in the above are as follows:||||||
||||||||Incoming||Resources|Gains and|Movement|
||||||||resources||expended
2|losses
2|in funds
5|
||Unrestricted|funds||||||||||
||General
fund||||||184,945||(116,064)|(481,065)|(412,184)|
||TOTAL FUNDS|||||||184,945|(116,064)|(481,065)|(412,184)|
##
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|Compar|atives|for movement
in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1/1/21|in funds|31/12/21|
||||6|||
|Unrestricted||funds||||
|General|fund||3,744,978|409,026|4,154,004|
|TOTAL|FUNDS||3,744,978|409,026|4,154,004|
|Compara|tive|net movement
in funds|,
included
in the above are|as follows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||6|8|6|5|
|Unrestricted||funds|||||
|General|fund||151,689|(94,976)|352,313|409,026|
|TOTAL|FUNDS||151,689|(94,976)|352,313|409,026|
|A current year|12months
and prior year 12|months
combined
position
is as follo|ws:||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1/1/21
8|in funds
F|31/12/22
f|
|Unrestricted|funds||||
|General fund||3,744,978|(3,158)|3,741,820|
|TOTAL FUNDS||3,744,978|(3,158)|3,741,820|
|A current yea
as follows:|r 12 months
and prior|year 12months
combined
n|et movement
in f|unds,
included
i|n the above
a|
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended
f|losses|in funds
8|
|Unrestricted|funds|||||
|General fund||336,634|(211,040)|(128,752)|(3,158)|
|TOTAL FUNDS||336,634|(211,040)|(128,752)|(3,158)|
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