| Page | ||||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Report ofthe Trustees | 2 | to | 3 | |
| Independent Examiner's Report |
||||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial | Statements | 7 | to | 12 |
| Detailed Statement of | Financial Activities | 13 |
| TRUSTEES | Mrs RJCadbury |
|---|---|
| Mrs P JRichmond-Watson | |
| Mrs IJWilliamson | |
| PRINCIPAL ADDRESS | Curo House |
| Greenbox | |
| Westonhall Road |
|
| Brom sgrove | |
| Worcestershire | |
| B604AL | |
| REGISTERED CHARITY NUMBER | 211533 |
| INDEPENDENT EXAMINER | PSAccounting |
| 41 Sycamore Drive | |
| Hollywood | |
| Birmingham | |
| B475QX | |
| BANKERS | HSBC Bank Plc |
| 11Victoria Square | |
| Droitwich Spa |
|
| Worcestershire | |
| WR9 8DH | |
| INVESTMENT MANAGERS | Canaccord Genuity |
| Slip House | |
| Princess Drive | |
| Worcester | |
| WR1 2AB |
| GNC Trust The |
|||||
|---|---|---|---|---|---|
| Statement ofFinancial | Activities | ||||
| for the Year Ended 31 | December 2022 | ||||
| 2022 | 2021 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Investment income |
41,676 | 41,838 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Medical causes | 7,000 | 6,000 | |||
| Culture k The Aits | |||||
| 21,600 | 13,500 | ||||
| Religious Interests | 3,000 | ||||
| Social Welfare | 3,800 | 2,000 | |||
| Smaller grants under f.1,000 | 6,231 | 6,600 | |||
| Other | 3,231 | 3,447 | |||
| Total | 41,862 | 34,547 | |||
| Net gains/(losses) on investments |
(158,294) | 102,771 | |||
| NET INCOME/(EXPENDITURE) | (158,480) | 110,062 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought fonvard |
1,268,295 | 1,158,233 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,109,815 | 1,268,295 |
| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Investments | 1,048,776 | 1,214,810 | |
| CURRENT ASSETS | |||
| Cash at bank | 64,189 | 56,925 | |
| CREDITORS | |||
| Amounts falling due within one year |
(3,150) | (3,440) | |
| NET CURRENT ASSETS | 61,039 | 53,485 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,109,815 | 1,268,295 | |
| NET ASSETS | 1,109,815 | 1,268,295 | |
| FUNDS | |||
| Unrestricted funds |
1,109,815 | 1,268,295 | |
| TOTAL FUNDS | 1,109,815 | 1,268,295 |
| INVEST | MEN | T INCOME | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Dividends | and | interest | 41,676 | 41,838 |
| COMPARATIVES FOR THE ST | ATEMENT OF FINANCIAL ACTI | VITIES |
|---|---|---|
| Unrestricted | ||
| fund | ||
| INCOME AND ENDOWMENTS | FROM | |
| Investment income |
41,838 | |
| EXPENDITURE ON | ||
| Charitable activities |
||
| Medical causes | 6,000 | |
| Culture 8:The Arts | ||
| 13,500 | ||
| Religious Interests | 3,000 | |
| Social Welfare | 2,000 | |
| Smaller grants under K1,000 | 6,600 |
| 4. | COMPARATIVES F | O | R THE STATEMENT OFFINANCIAL ACTIVI | TIES - continued |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| Other | 3,447 | |||
| Total | 34,547 | |||
| Net gains on investments | 102,771 | |||
| NET INCOME | 110,062 | |||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward |
1,158,233 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,268,295 | |||
| 5. | FIXEDASSET INVESTMENTS | |||
| Investments | ||||
| MARKET VALUE | ||||
| At I January 2022 | 1,214,810 | |||
| Additions | 156,392 | |||
| Disposals | (164,132) | |||
| Net gains/(losses) | (158,294) | |||
| At 31 December 2022 | 1,048,776 | |||
| NET BOOK VALUE | ||||
| At 31 December 2022 | 1,048,776 | |||
| At 31 December 2021 | 1,214,810 | |||
| There were no investment | assets outside the UK. |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Trade creditors | 3,150 | 3,440 | ||
| 7. | MOVEMENT | IN FUNDS |
| MOVE | MEN | T IN FUNDS |
||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At ].1.22 | in funds | 31.12.22 | ||||
| Unrestricted | funds | |||||
| General | fund | 1,268,295 | (158,480) | 1,109,815 | ||
| TOTAL | FUNDS | 1,268,295 | (158,480) | 1,109,815 | ||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 41,676 | (41,862) | (158,294) | (158,480) | |
| TOTAL | FUNDS | 41,676 | (41,862) | (158,294) | (158,480) |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.1.21 | in funds | 31.12.21 | |||
| Unrestricted | funds | ||||
| General | fund | 1,158,233 | 110,062 | 1,268,295 | |
| TOTAL | FUNDS | 1,158,233 | 110,062 | 1,268,295 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 41,838 | (34,547) | 102,771 | 110,062 | |
| TOTAL | FUNDS | 41,838 | (34,547) | 102,771 | 110,062 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| Unrestricted | funds | |||
| General fund | 1,158,233 | (48,418) | 1,109,815 | |
| TOTAL FUNDS | 1,158,233 | (48,418) | 1,109,815 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 83,514 | (76,409) | (55,523) | (48,418) | |
| TOTAL | FUNDS | 83,514 | (76,409) | (55,523) | (48,418) |
| Detailed Statement ofFinancial Activities | Detailed Statement ofFinancial Activities | ||
|---|---|---|---|
| for the Year Ended 31December 2022 | |||
| 2022 | 2021 | ||
| INCOME AND ENDOWMENTS | |||
| Investment income |
|||
| Dividends and interest |
41,676 | 41,838 | |
| Total incoming resources |
41,676 | 41,838 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Grants to institutions | 38,631 | 31,100 | |
| Support costs | |||
| Finance | |||
| Bank charges | 81 | ||
| Governance costs |
|||
| Accountancy | 2,400 | 2,600 | |
| Independent examination |
750 | 840 | |
| 3,150 | 3,440 | ||
| Total resources expended | 41,862 | 34,547 | |
| Net (expenditure)/income | before gains and | ||
| losses | (186) | 7,291 | |
| Net gains/(losses) | |||
| on investments | (158,294) | 102,771 | |
| Net (expenditure)/income | (158,480) | 110,062 |