| Page | ||
|---|---|---|
| Trust information | 2-3 | |
| Trustee report | 4-7 | |
| independent auditors' |
report | |
| Statement offinancial | activities | |
| Balance sheet | 10 | |
| Notes to the financial | statements | 11 - 17 |
| 2023 | 2023 | 2023 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||
| funds | funds | fund | funds | funds | |||||
| Note | 8 | ||||||||
| Income and endowments | from: | ||||||||
| Investment income |
2 | 36,315 | 67,443 | 103,758 | 93,233 | ||||
| Total Income | 36,315 | 67,443 | 103,758 | 93,233 | |||||
| Expenditure on: |
|||||||||
| investment management |
costs | 3 | 21,066 | 21,066 | 23,782 | ||||
| Charitable activities |
4 | 28)658 | 67,443 | — | 96,101 | 94,893 | |||
| Total Expenditure | 28,658 | 67,443 | 21,066 | 117,167 | 118,675 | ||||
| Net expenditure | |||||||||
| before investment | gnins/(losses) | 7,657 | (21,066) | (13,409) | (25,442) | ||||
| Net realised and unrealised | gains/(losses) | ||||||||
| on investment portfolios |
(404)187) | (404&187) | 308,941 | ||||||
| Net income nnd movement | in funds | 7,657 | (425)253) | (417,296) | 283,499 | ||||
| Total funds brought | forward | at I April | 15,016 | 4,864,543 | 4,879,559 | 4,596,060 | |||
| Totnl funds carried | forward at 31March | 22,673 | 4,439,290 | 4,461,963 | 4,879)559 |
| 2023 | 2023 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Investment property |
at market value | 15,000 | 15,000 | ||||
| Investment pottfolio |
at market value | 4,421,806 | 4,847,587 | ||||
| 4,436)806 | 4,862,587 | ||||||
| Current assets |
|||||||
| Debtors | 8,802 | 14,058 | |||||
| Cash on deposit | |||||||
| Cash at bank and in | hand | 101,515 | 84,775 | ||||
| 110,317 | 98,833 | ||||||
| Creditors: Amounts |
falling due | ||||||
| within one year | (85,160) | (81,861) | |||||
| Net current assets | 25,157 | 16,972 | |||||
| Total net assets | 4,461,963 | 4,879,559 | |||||
| Represented by: |
|||||||
| Funds and reserves | |||||||
| Permanent endowment |
fund | 8 | 4,439490 | 4,864,543 | |||
| Restricted funds | 9 | ||||||
| Vnrestricted fund |
10 | 22,673 | 15,016 | ||||
| Total funds | 4,461,963 | 4,879,559 | |||||
| Approved by the trustee on .~.f........ .,....... 5j ( |
....., .„. and signed on their behalf | by: |
| 2023 | 2023 | 2023 | 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||||
| funds | fund | fundsf | funds | |||||
| 2. | Investment | income | ||||||
| Dividends | and distributions | from | 36,119 | 67&078 | 103,197 | |||
| investment | portfolio | |||||||
| Interest on | cash on deposit | and at bank | 196 | 365 | 561 | |||
| 36)315 | 67,443 | 103,758 | ||||||
| 2022 | 2022 | 2022 | 2022 | |||||
| Unrestricted | Restricted | Endowment | Total | |||||
| funds | fund | funds | funds | |||||
| 5 | ||||||||
| Investment | income | |||||||
| Dividends | and distributions | from | 32,623 | 60,586 | 93,209 | |||
| Investntent | portfolio | |||||||
| Interest on | cash on deposit | and at bank | 8 | 16 | 24 | |||
| 32,631 | 60,602 | 93,233 | ||||||
| 2023 | 2022 | |||||||
| Total | Total | |||||||
| funds | funds | |||||||
| f | ||||||||
| Investment | management | costs | ||||||
| investment | management | fees | 21,066 | 23,782 |
| Investment | management | costs |
|---|---|---|
| investment | management | fees |
| 2023 | 2023 | 2023 | 2023 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| fund | funds | fund | funds | |||
| f | ||||||
| Charitable | activities | |||||
| Grants allocated | 26,650 | 63,714 | 90464 | |||
| Support costs; | ||||||
| Staff costs | 1,050 | 1,950 | 3,000 | |||
| Independent | Examination | fee | 882 | 1,638 | 2,520 | |
| ITcosts | 51 | 94 | 145 | |||
| Bank charges | 25 | 47 | 72 | |||
| 28,658 | 67,443 | 96,101 |
| to the fin | an | cial sta | tem | ents -31 |
March 2 | 023 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2022 | ||||||||
| Unrestricted | Restricted Endowment | Total | |||||||||
| fund | fumls | fund | funds | ||||||||
| 8 | f. | f | f | ||||||||
| Clmritable activities - continued |
|||||||||||
| Grants allocated | 32,420 | 57,127 | 89,547 | ||||||||
| Support costs. ' |
|||||||||||
| Staff costs | 1,050 | 1,950 | 3,000 | ||||||||
| Independent | Examination | fee | 787 | 1,463 | 2,250 | ||||||
| Bank charges | 34 | 62 | 96 | ||||||||
| 34,291 | 60,602 | 94,893 | |||||||||
| Grants awarded |
to institutions | are allocated | 50% to City | University | of London, | 15%to St Ethelburga's | Centre for | ||||
| Reconciliation | and Peace ofthe | net income | and grants out ofthe remaining 35% |
made at the discretion of | the trustee | ||||||
| were awarded | to | four institutions | (2022'. five | institutions) | amounting | tof26,650 | (2022:f32,420). | ||||
| 2023 | 2022 | ||||||||||
| Total | Total | ||||||||||
| funds | funds | ||||||||||
| Fixed assets | —investment | property | |||||||||
| Freehold property |
at market value | 15&000 | 15,000 |
| 2023 | 2022 | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| f. | |||
| Fixed assets —investment | portfolio | ||
| Market value at I April 2022 | 4)847,587 | 4,562,085 | |
| Add: Purchases at cost |
568,977 | 538,348 | |
| Less: Sales proceeds | (712,420) | (573,054) | |
| Net realised gains/(losses) | (4,070) | 122,546 | |
| Net unrealised gains/(losses) |
(400,117) | 186,395 | |
| Movement in cash held as part ofportfolio |
IZ1,849 | 11,267 | |
| Mruket value at 31 March 2023 | 4,421,806 | 4,847,587 | |
| Cost at 31 March 2023 | 4)011,336 | 4,035,084 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| funds | funds | ||||
| f | |||||
| 7. | Creditors: Amounts | falling due tvithin | one year | ||
| Grants to be distributed | 77,314 | 70,727 | |||
| Accruals | 7,846 | 11,134 | |||
| 85)160 | 81,861 |
| 2022 | 2023 | 2023 | |||
|---|---|---|---|---|---|
| Total | Movement | Totnl | |||
| funds | in Year | funds | |||
| 8 | |||||
| Permanent | endowment | fund | 4,864,543 | (425453) | 4,439,290 |
| 2021 | 2022 | 2022 | |||
| Total | Movement | Total | |||
| funds | in Year | funds | |||
| f, | |||||
| Permanent | endowment | fund | 4,579,384 | 285,159 | 4,864,543 |
| 9. | Restricted | funds | funds | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2023 | 2023 | 2023 | |||||
| Total | Income | Expenditure | Total | |||||
| funds | funds | |||||||
| 8 | f. | 6 | ||||||
| City University | ofLondon | 49,011 | (49,011) | |||||
| StEthelburga's | Centre for Reconciliation | and Peace | 14,703 | (14,703) | ||||
| 63,714 | (63,714) | |||||||
| 2021 | 2022 | 2022 | 2022 | |||||
| Totnl | Income | Expenditure | Total | |||||
| funds | funds | |||||||
| f. | ||||||||
| City University | ofLondon | 43,944 | (43,944) | |||||
| StEthelburga's | Centre for Reconciliation | and Peace | 13,183 | (13,183) | ||||
| 57,127 | (57,127) |
| Unrestri | cted fund |
||||
|---|---|---|---|---|---|
| 2022 | 2023 | 2023 | 2023 | ||
| Total | Income | Expenditure | Totnl | ||
| funds | funds | ||||
| General | fund | 15)016 | 36,315 | (28,658) | 22,673 |
| 2021 | 2022 | 2022 | 2022 | ||
| Total | Income | Expenditure | Total | ||
| funds | funds | ||||
| f, | |||||
| General | fund | 16,676 | 32,631 | (34,291) | 15,016 |
| Analysis o | fnet assets between funds |
||||
|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2023 | ||
| P«rrnanent | |||||
| endoivment | Restricted | Unrcstnctcd | Total | ||
| fund | funds | fund f, |
fundst | ||
| Investment | property | 15,000 | 15,000 | ||
| Investment | portfolio | 4,421,806 | 4,421,806 | ||
| Debtors | 5,721 | 3,081 | 8,802 | ||
| Cash on deposit and at bank | 2,484 | 63,093 | 35J38 | 101,515 | |
| Creditors | (68,814) | (16&346) | (85,160) | ||
| At 31March 2023 | 4,439490 | 22&673 | 4&461J63 | ||
| 2022 | 2022 | 2022 | 2022 | ||
| Pennaneut | |||||
| endowment | Restricted | Unrestricted | Total | ||
| fund | fuads | fuud | funds | ||
| f. | |||||
| Investment | property | 15,000 | 15,000 | ||
| Investment | portfolio | 4,847,587 | 4,847,587 | ||
| Debtors | 9,138 | 4,920 | 14,058 | ||
| Cash on deposit and at bank | 1,956 | 55,226 | 27,593 | 84,775 | |
| Creditors | (64,364) | (17,497) | (81,861) | ||
| At 31 March 2022 | 4,864,543 | 15,016 | 4,879,559 |