| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe charity, its Trustees and advisers | ||
| Trustees' report |
2-4 | ||
| Independent auditor's |
report | on the financial statements | 5-8 |
| Statement offinancial | activities | ||
| Balance sheet | 10 | ||
| Notes to the financial | statements | 11-19 |
| Trustees | Professor A Augousti | Professor A Augousti | |||
|---|---|---|---|---|---|
| Professor J Durell | |||||
| Mr B Fulton | |||||
| Mrs KGoldstone | |||||
| Professor JJones, | Chairman | ||||
| Professor S Palmer | |||||
| Mr S Prendiville | |||||
| Charity registered | |||||
| number | 209746 | ||||
| Principal office | 37 Caledonian Road |
||||
| London | |||||
| N1 9BU | |||||
| Independent | auditor | Kreston Reeves LLP | |||
| Chartered Accountants |
|||||
| Montague Place |
|||||
| Quayside | |||||
| Chatham Maritime |
|||||
| Chatham | |||||
| Kent | |||||
| ME4 4QU | |||||
| Bankers | Barclays Bank PLC | ||||
| Maidstone 2 |
|||||
| Leicester | |||||
| LE872BB | |||||
| Investment | managers | Savills Investment | Management | (UK) Limited | |
| 33 Margaret Street | |||||
| London | |||||
| W1G OJD | |||||
| Vanguard Investments |
UK Limited | ||||
| PO Box10315 | |||||
| Chelmsford | |||||
| CM99 2AT |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Note | ||||||
| Income from: | ||||||
| Donations and legacies |
6,039 | 6,039 | 7,445 | |||
| Investments | 42,059 | 42,059 | 37,226 | |||
| Total income | 48,098 | 48,098 | 44,671 | |||
| Expenditure on: |
||||||
| Charitable activities |
49,010 | 10,888 | 59,898 | 45,619 | ||
| Total expenditure | 49,010 | 10,888 | 59,898 | 45,619 | ||
| Net expenditure before net |
||||||
| (losses)/gains on investments |
(912) | (10,888) | (11,800) | (948) | ||
| Net (losses)/gains | on investments | (180,189) | (180,189) | 301,859 | ||
| Net (expenditure)/income | (181,101) | (10,888) | (191,989) | 300,911 | ||
| Transfers between |
funds | 12 | (2,671) | 2,671 | ||
| Net movement in |
funds | (183,772) | (8,217) | (191,989) | 300,911 | |
| Reconciliation of |
funds: | |||||
| Total funds brought | forward | 2,018,767 | 102,617 | 2,121,384 | 1,820,473 | |
| Net movement in funds |
(183,772) | (8,217) | (191,989) | 300,911 | ||
| Total funds carried forward | 1,834,995 | 94,400 | 1,929,395 | 2,121,384 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| Donations | 6,039 | 6,039 | 7,445 |
| Total 2021 | 7,445 | 7,445 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| Income from listed investments | 42,059 | 42,059 | 37,226 |
| Total 2021 | 37,226 | 37,226 |
| Grants to | Total | Total | |||
|---|---|---|---|---|---|
| Individuals | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| Grants to individuals | - general | funds | 34,087 | 34,087 | 31,411 |
| Grants to individuals | - restricted | Dobbs Fund | 10,888 | 10,888 | |
| 44,975 | 44,975 | 31,411 | |||
| Total 2021 | 31,411 | 31,411 |
| Grant | |||||
|---|---|---|---|---|---|
| funding of |
Support | Total | Total | ||
| activities | costs | funds | funds | ||
| 2022 | 2022f | 2022f | 2021 F |
||
| Support costs | 14,923 | 14,923 | 14,208 | ||
| Grants | 34,087 | 34,087 | 31,411 | ||
| Grants - restricted | Dobbs Fund | 10,888 | 10,888 | ||
| 44,975 | 14,923 | 59,898 | 45,619 | ||
| Total 2021 | 31,411 | 14,208 | 45,619 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Activities | funds | funds | |||||
| 2022 | 2022f | 2021 | |||||
| Legal and | professional | fees | 428 | 428 | 35 | ||
| Trustees' | expenses | 1,451 | 1,451 | 619 | |||
| Bank charges | 102 | 102 | 84 | ||||
| Management | and administration | costs | 8,322 | 8,322 | 9,270 | ||
| Auditors' | remuneration | 4,620 | 4,620 | 4,200 | |||
| 14,923 | 14,923 | 14,208 | |||||
| Total 2021 | 14,208 | 14,208 |
| Listed | |
|---|---|
| investments | |
| Valuation | |
| At 1 January 2022 | 1,992,231 |
| Revaluations | (180,189) |
| At 31 December 2022 | 1,812,042 |
| Net book value | |
| At 31 December 2022 | 1,812,042 |
| At 31 December 2021 | 1,992,231 |
| 2022 | 2021 | |
|---|---|---|
| F | ||
| Due after more than one year | ||
| Interest free loans | 24,100 | 22,400 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| Other creditors | 14,850 | 1,000 | |
| Accruals and deferred | income | 4,620 | 4,200 |
| 19,470 | 5,200 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2022 | Income | Expendituref | in/out | (Losses)f | 2022 | |
| Unrestricted | ||||||
| funds | ||||||
| General Fund |
1,566,536 | 48,098 | (49,010) | (2,671) | 1,562,953 | |
| Investment | ||||||
| Revaluation | ||||||
| Reserve | 452,231 | (180,189) | 272,042 | |||
| 2,018,767 | 48,098 | (49,010) | (2,671) | (180,189) | 1,834,995 | |
| Restricted | ||||||
| funds | ||||||
| Roland Dobbs | ||||||
| Bursary Fund | 102,617 | (10,888) | 2,671 | 94,400 | ||
| Total offunds | 2,121,384 | 48,098 | (59,898) | (180,189) | 1,929,395 |
| Statement offun | ds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 31 | |||||
| 1 January | Transfers | Gains/ | December | |||
| 2021 | Income | Expenditure | in/out | (Losses) | 2021 | |
| F | F | F | ||||
| Unrestricted | ||||||
| funds | ||||||
| General Fund |
1,568,801 | 44,671 | (45,619) | (1,317) | 1,566,536 | |
| Investment | ||||||
| Revaluation | ||||||
| Reserve | 150,372 | 301,859 | 452,231 | |||
| 1,719,173 | 44,671 | (45,619) | (1,317) | 301,859 | 2,018,767 | |
| Restricted | ||||||
| funds | ||||||
| Roland Dobbs | ||||||
| Bursary Fund | 101,300 | 1,317 | 102,617 | |||
| Total offunds | 1,820,473 | 44,671 | (45,619) | 301,859 | 2,121,384 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||||
| January | Transfers | Gains/ | December | |||||
| 2022 | Income | Expendituref | in/outf | (Losses) | 2022 | |||
| General | funds | 2,018,767 | 48,098 | (49,010) | (2,671) | (180,189) | 1,834,995 | |
| Restricted | funds | 102,617 | (10,888) | 2,671 | 94,400 | |||
| 2,121,384 | 48,098 | (59,898) | (180,189) | 1,929,395 |
| Summar | y | offund | s - prior year |
|||||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance at | 31 | |||||||
| 1 January | Transfers | Gains/ | December | |||||
| 2021 | income | Expenditure | in/out | (Losses) | 2021 | |||
| F | E | F | F | |||||
| General | funds | 1,719,173 | 44,671 | (45,619) | (1,317) | 301,859 | 2,018,767 | |
| Restricted | funds | 101,300 | 1,317 | 102,617 | ||||
| 1,820,473 | 44,671 | (45,619) | 301,859 | 2,121,384 |
| Analysis | of net assets between funds - current | year | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| Fixed asset investments | 1,812,042 | 1,812,042 | ||
| Debtors | due after more than one year | 24,100 | 24,100 | |
| Current | assets | 18,323 | 94,400 | 112,723 |
| Creditors | due within one year | (19,470) | (19,470) | |
| Total | 1,834,995 | 94,400 | 1,929,395 |
| Analysis ofnet assets between funds - prior ye |
ar | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| Fixed asset investments | 1,992,231 | 1,992,231 | |
| Debtors due after more than one year | 22,400 | 22,400 | |
| Current assets | 9,336 | 102,617 | 111,953 |
| Creditors due within one year | (5,200) | (5,200) | |
| Tl | 2,018,767 | 102,617 | 2,121,384 |