| Trustees and | main agents | ofthe Charity | |
|---|---|---|---|
| 2-6 | Trustees' report |
||
| Independent | examiners' | report | |
| Statement of |
financialactivities | ||
| Salance sheet | |||
| 10-15 | Notes to the financial statements |
| General | Endowment | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | Fund | Fund | Tata I |
2021 | ||||
| f | E | f | E | |||||
| INCOME &ENDOWMENTS | FROM: | |||||||
| Donations & Legacies |
600 | 600 | 600 | |||||
| Investment income |
2.1 | 87,871 | 87,871 | 78,421 | ||||
| Total income | 88,471 | 88,471 | 79,021 | |||||
| EXPENDITURE ON | ||||||||
| Raising Funds | 3 | 5,205 | 5,205 | 4,377 | ||||
| Charitable Activities: |
5 | 82,255 | 82,255 | 79,720 | ||||
| Total expenditure | 82,255 | 5,205 | 87,460 | 84,097 | ||||
| Net income/ (expenditure) |
for | the year | ||||||
| before gains (losses) on investments | 6,216 | (5,205) | 1,011 | (5,076) | ||||
| Net gains (losses) on investment | assets | 9 | 9,060 | 292,788 | 301,848 | 495,002 | ||
| Net Movement in the year |
15,276 | 287,583 | 302,859 | 489,926 | ||||
| Reconciliation offunds | ||||||||
| Totalfunds brought forward |
136,153 | E | 2,069,996 | 2,206,149 | 1,716,223 | |||
| Total Funds carried forward | E | 151,429 | E | 2,357,579 E | 2,509,008 E | 2,206,149 |
| 2 | DONATIONS | AND LEGACIES | 2022 | 2021 |
|---|---|---|---|---|
| E | E | |||
| Donations from individuals | 600 | 600 | ||
| 2.1 | INVESTMENT | INCOME | 2022 | 2021 |
| E | E | |||
| UK equities | 87,869 | 78,376 | ||
| UK Bank interest | 2 | 45 | ||
| 87,871 | 78,421 |
| 3 | COST OF RAISING FUNDS | 2022 | 2021 | ||||||||||
| f | |||||||||||||
| Investment managers |
safe custody | fees* | 5,205 | 4,377 | |||||||||
| Support costs | |||||||||||||
| 5,205 | 4,377 | ||||||||||||
| *Charged against permanent |
endowment | fund | |||||||||||
| 4 | ALLOCATION | OF SUPPORT COSTS | AND OVERHEADS BETWEEN | FUNDS | |||||||||
| The basis and | allocation ofsupport | cost is | as follows:— | ||||||||||
| General | Endowment | Total | |||||||||||
| Funds | Fund | allocated | 2021 | ||||||||||
| E | E | E | |||||||||||
| Staff costs | Time | 14,970 | 14,970 | 14,000 | |||||||||
| Depreciation | usage | 171 | 171 | ||||||||||
| Other office costs | usage | 565 | 565 | 94 | |||||||||
| Independent | Examiners | Fee | 3,462 | 3,462 | 2,540 | ||||||||
| 19,168 E | 19,168 | E | 16,634 | ||||||||||
| 5 | CHARITABLE EXPENDITURE - GRANT MAKING | ||||||||||||
| Institutions | Individuals | Total | 2021 | ||||||||||
| f | E | E | E | ||||||||||
| Grants (see note 5.1) | 0 | 63,087 | 63,087 | 63,086 | |||||||||
| Support costs | 0 | 19,168 | 19,168 | 16,634 | |||||||||
| E | 0 6 | 82,255 | E | 82,255 | E | 79,720 | |||||||
| 5.1 | ANALYSIS OF | GRANTS | FUNDED | ||||||||||
| Total income for grant | distribution: | E69,073(2021-E62,387) | |||||||||||
| 2022 | 2021 | ||||||||||||
| E | E | ||||||||||||
| I | Major grants | to institutions | |||||||||||
| II | Individual case grants -135(2021-148) |
62,537 | 62,536 | ||||||||||
| III | Christmas gifts to former K&CONT |
staff (in accordance | 550 | 550 | |||||||||
| with clause 18ofthe Trust Deed) | |||||||||||||
| Total | E | 63,087 | E | 63,086 | |||||||||
| At the year end date the Trust was | not committed | to pay | any further grants. |
| The average number ofemployees | The average number ofemployees | during the year was 1(2021:1). | during the year was 1(2021:1). | No employee | earned |
|---|---|---|---|---|---|
| more than E60,000 . The | Trustees | did | not receive any remuneration | (2021-ENil) | nor were they |
| reimbursed for any expenses incurred |
during the year. | ||||
| TANGIBLE FIXEDASSETS | Office | ||||
| Equipment | |||||
| Cost: | E | ||||
| Balance brought forward |
1st April | 2021 | 300 | ||
| Additions in the year |
513 | ||||
| Disposals | (300) | ||||
| At 31st March 2022 | E | 513 | |||
| Depreciation: | E | ||||
| Balance brought forward |
1st April | 2021 | 300 | ||
| Eliminated on disposal |
(300) | ||||
| Charge for year | 171 | ||||
| At 31st March 2022 | f | 171 | |||
| Net book value at 31st March 2022 | E | 342 | |||
| Net book value at 31st March 2021 |
| INVESTMENTS | INVESTMENTS | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| E | E | |||||||
| Iylarket Value | as at 1st | April 2021 | 2,179,351 | 1,688,711 | ||||
| Additions to |
investments | at cost | 140,068 | |||||
| Disposals proceeds | (145,145) | (4,362) | ||||||
| Realised and | unrealised | gains for the year | 301,848 | 495,002 | ||||
| Market Value | as at 31st | March 2022 | E | 2,476,122 | E | 2,179,351 | ||
| Investments | at market | value comprise: | ||||||
| UK equities | 2,476,122 | 2,179,351 | ||||||
| E | 2,476,122 | E | 2,179,351 | |||||
| Historicalcost | as at 31st | March 2022 | 1,693,497 | E | 1,697,276 |
| Investment i are: |
n individua | l entities held at 31st March 2022 w |
hich are over 5/o ofthe |
|---|---|---|---|
| E | |||
| Cazenove —Equity Income Trust For Charities |
1,225,064 | ||
| M&G Global | Dividend | Fund | 1,094,814 |
| COIF Charities | Fund | 141,070 |
| YEAR ENDED 31ST | MARCH 20 | 22 | ||||||
|---|---|---|---|---|---|---|---|---|
| DEBTORS | 2022 | 2021 | ||||||
| f | f | |||||||
| Sundry debtors and prepayments | 1,007 | 955 | ||||||
| E | 1,007 | E | 955 | |||||
| CREDITORS - AMOUNTS | FALLING | 2022 | 2021 | |||||
| DUE WITHIN ONE YEAR | E | f | ||||||
| Grants payable | 4,341 | |||||||
| Other creditors and accruals | 4,940 | 4,326 | ||||||
| E | 9,281 | E | 4,326 | |||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||||
| Genera | I | Endowment | ||||||
| Funds | Funds | Tota I | ||||||
| f | f | f | ||||||
| Investments | 118,543 | 2,357,579 | 2,476,122 | |||||
| Fixed assets | 342 | 342 | ||||||
| Current assets | 41,825 | 41,825 | ||||||
| Creditors | (9,281) | (9,281) | ||||||
| E | 151,429 | E | 2,357,579 | E | 2,509,008 |