Reglstered Cblrity No . 213007 Reglstered CompAny No . 119509 THE GIVEN.WILSON INSTITtrrE (A ¢(>mp8ny ]knilted by ¥uar4nt¢e) ANNUAL REPORT AND FINANCL4L STATEMENTS YEAR ENDED 31 DECEMBER 202
THE GIVEN-WILSON INSTITUTE Contents Page Legal and Adrninistrlltive tnfomiation R¢port of the Managem¢nt Committee tndependont Examiner's Report Statement of Financi•l Activities BanCe Sheet Notes forniing part of th¢ Financial SthtementB 8-14 SumDMry of Income and Exponditure Accoullts Th¢8e pages do not fonn part of ¢he 8tstutory fjnancial ststem¢nts.
THE GIVEN-WILSON INSTITUTE LEGAL AND ADMINISTRATIVE INFORMATION Management Committee Nlembers (rruiteel) A J HclliaT R Walmsley Regi$teredlPrlncipal Office Church Lcdge Stmary's Road Piaistow London E139AE Reglstered Offlee 44154 Orsett Road Grayy E&%¢x RM17 SED Company Re¥lJtratlon l¥mber 119509 IEn8land and Wales) Charlty Reglstratlon Number 213007 Aceounlants Row18nd Hall Chart¢red Certified Aoeounwits 44154 Orsett Ro Grays Essex RM175ED B4nker$ Barclays Bank Pl 29 Sia¢ion Road Upminster E85¢X RJq14 2ST InVlMent Managers JMFinn&Co 4 Coleman Stre London EC2R STA Solleltors Pth¢rs Solicitors Ascension Chambcrs Fl¢rning Road Chafford Hundred Grays Ess¢x iIM16 6HH
THE GIVEI¥-WILSON INSTITUTE REPORT OF THE MANAGEMENT COMMITTEE ST YEAR ENDED 31 DECEMBER 2023 The Committee pre&ent their staDJtory report with th¢ ¢ount5 of The Given-wilson ID5tiwt¢ for the year end¢d 31¥ Deccmber 2023. This report includes the directors report as required uod¢r Company Law. The financial statements have been prepared in accordance with the accounting policies set oui in notes to the ae¢ounts and comply with the charity's governing documenL the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recomrnended Practice 2019 applicable to charilies preparing their accounts in accordance wilh the Financial Reportin8 Standard applicable in the UK and Republic of Ireland published on 16 July 2014 las ameuded by Update Bulletin I published on 2 F¢bTuary 2016}. OWECTS AND ACTIVITIES To provide a c¢nlral inst1w with the objeei of improving the eODditions of life of and PToviding or assisting in Ihe provisic>n Of facilities for recreation and other leisure IiTnc occupation for the inhabitants of Plaistow or for persons who have need of such facilities by reason of their youth, old ag¢. infirnity or di84bl¢m¢nt, poverty or swial economic circumstances. The relief of poverty in general and in particular to a5SiSt p¢rsons who by r¢4son of old wg¢, infimiity. domestic distress or other disability ore in need without limiiaiion thereof to provid¢ holidays for 5u¢h persons who ore unable to afford the cost. To provide a place of m¢¢ting for wny clubs OT societies (other than political) in Plaistow. The continual maintenance and d¢v¢lopm¢nt of the propety known ag The Church Lodge owned by the Institute. The 1rn8tees are currently reviewing the Charities, objective5 Wlth g vi¢w to potcntially clarifying the geographical ycope gubjecl to further dialogue with legal advisors and the Charitie¥ Comrni5sion. PROGRESS DUIUNG THE YEAR The irusiees and chority volunteers have remained active during the period ond have maintained i programmc of ongoing repairs to the charity'% freehold propcrties. The properties date from ihe 181h Cenwry and therefore require constant rn8intenance as demonstrated by th¢ cost8 In¢u¢d during the year and previou8 periods. Young pwple's activities have continu¢d where pos8ible during the year. Regular use of the hall has been sustained during the year due to continued use by religious and sport8 groups, bu¢ other groups continued to be supported with free access to facilitie8 a5 yet out fier below in the pOrt. From lime to time the InsuNie provides firtancial support for Si Mary's Church, PIv4iStow. However, the church is not well supported and the number of elderly people using the In8tilute's facilities i¥ also declining. The Instile continues ¢0 support the local community by financially Supporting social fvnciions for ihe elderly residents. Income frotn lodge renthi increased in the year due to a period of vacancy and refitrbishment in the prtor period. PUBLIC BEf4EFIT The charity wa¥ founded to give fJnan¢ial support and to supply facilities to help with the poor of Plai$tow. The ¢han'ty prtsvides facilitics, at no charge, io Rainbows. Brownies, Guides. Cubs, Scouts and R8nger5. Financial support 18 also given lo them. The Chority makes ad-hoc donations to local eharities at the discretion of the trustees after consideration of the Charities wider objectives. The trns(ees have given regard to the Charity Commission's guidance to public benefit. FINANCIAL REPORT FOR THE YEAR A summary of th¢ results for the year is given ort page 6 of the ac¢ounts. The Committee consider8 the state of affairs to b¢ &atisfa¢tory.
THE GIVEN-WILSON INSTITUTE REPORT OF THE MANAGEMENT cOMMIEE 5T YEAR EI¥DED 31 DECEMBER 2023 THE CHARITY'S ASSETS Th¢re were no acquisitions or disp)sals of fixed as8ei8 during the year. Details aTe recorded in the notes to the accounts. INVESTMENTS The charity has a portfolio of investtnents with a rnarket valu¢ at 31° Dw¢mb¢r 2023 of £824,352 {2022 - £775,840). During the year the charity used invetStm¢nt rnallag¢rs J M Finn & Co, 4 Col¢man str¢, London EC2R STA, who operate within specific guidelines that are set out and regularly revi¢w¢d by the tru8t¢es. Th¢ inve8tTnent objectives are to maximi8e iotal retum through a div¢rsifi¢d portfolio whilst providing th¢ r¢quir¢d level of inwm¢ advi¥ed by thc trnstees from lime to time within a¢ceptabl¢ l¢v¢15 of risk. The value of invcstmcnts Improv during the p¢riod due to the reversed trend in equities following Rus8ia'8 invasion of Ukraine in the previous a¢couniing peri(yJ. RESERVES POLICY Reserveb at the ytar-end lotalled £882,852 (2022 - £902,232). On an on¥oin8 basi$ and excluding re8tricted funds, Ihe tNstees aim to raise qufficient income to cover the resources expended. Voluntary income is minimal and never adequate io cover annual running c08Lg and therefore the trustees maintain an investment ponfolio to generaie investment income (o make up the Shortfall. A designated investment fund has been yet Aside lo represent thi8 Portfolio. A fixed assei nd ha8 also been designated to represent the exieni io which funds have been invested in red asse. It is the trusitts, inlentiort to main¢8in general fund8 r¢pre¥enling a¢ least two years, n¢)rn]al exp¢ndiwr¢. RISK REVIEW Th¢ Management Committee has conducted il& own review of the rnajor risks lo which the ¢hariLy is exposed Jnd has ¢%tabli5hed systems lo miiigate ihose riyks. Intemal risks have been ininitn1ed by ihe agreement and implementation of rinancial coftirols covering lh¢ authorisa¢ion ofall paymenis and commiunenis made by the Lhariiy, These proLedures arc reviewcd annually to ensure that ihey continue to meet the needs of the Ghariiy and iu consider whether any additional risks have become appar¢rt¢. The most significant ri8k lo th¢ Charity is ensuring ihai there are adequate plans for Continuity of Trusiee¥hip, especially given thc agcing of the current Trus%. Subject to appropriate professional guidanc¢, thos¢ trustees are taking steps to rationalis¢ th¢ charity's activities simplify Ihe operational complexilies and hopefully attract new Tru%tee$ who ¢4n ary forword the Charity'8 good work for the next generation. STRUCTURE, GOVERNANCK AND MANAGEMEIYT Thc company was incorporated under number 119509 and is a re8151ered charity by number 213007. The chArity'$ principal address for tiVIty 15 Church Lodge. St Mary's Road. Plai5tow, London E13 9AE. The financial control is in the hand8 of thc trustee5 &11 of whotn take their responsibililics very seriously, and the daily running of event8 15 largely in the hand5 of a team of voluntecr worker5. The trustee8 held two tTUStees' meetings durin8 th¢ year and the individual trustce8 frequently visited the Institute premiscs and met the v&riou& groups who use the hail. New trnstee8 will nornially be known personally by existing trustees and must bc of a suttable charnctcr with a busin&ss ba¢kground. New trnstees will be introduced to the work of the charity before 4cceptance of the position and will b¢ instrncted on the moral and legal duties of being a trnstee. THE MA]¥AGEMENT COMMITTEE The Management Committee members Constite directors of the charity for the purp)ses of the Companies Aci 2006 and trustees of the charity for the purposes of charity legislation. A third of the Man4g¢m¢nt Commtti¢e members must retire at the Annual Gencral Mcetin8 but tnay be reapwinted. The following m¢mb¢rs w¢re in office at 3151 December 2023 and seryed throughout thc year.. MANAGEMENT COMMITTEE MELKBERS A J Helliar (Chairman) R Walmsley (Treasurer) No Management Committee memberreceived anyremuneration orexpenses forservices as amemberof the Management Committee 12022 - £Nil). No Management Committee member had any beneficial interesi in 8ny contraet with the charity during the year.
THE GIVEIY-WILSOF4 INSTITUTE REPORT OF THE MANAGEME COMMITTEE YEAR ENDED 31 DECFMBER 2023 SOLICITORS Thc Charity's solicilors are Palmers Solicitors. Ascension Chambers, Fleming Road, Chafford Hulldred Grays, Essex, RM16 6HH. BANKERS The charity banks with Barclays Bat]k Plc, 29 S¢aiion Road, Uprninst¢r, Ess¢x RM14 2ST. ACCOUNTANTS The accoun14nls arc Rowland Hall. Chartered Certified Aceountants, 44154 Or8ett Road, Grays, Essex RM17 5ED. The ¢ornpuny h&4 thken advants¥e of th¢ small ¢ompanie5' exemption in preparing the report above. Signed on behf of the Management Comrnitt¢e Mr R WAlmsley Approved by the board on 23 May 2024
THE CIVEN-WILSON NSTfruTE INDEPENDENT LXAMINER'S REPORT TO TFIE TRUSTEE OF TIIK GIVEN-WILSON INSTITUTE I report to the charity mreeS on my examination of the cOunt8 of the company for the year ended 3 Ill December 2023 which are set out on pages 6 to 15. RESPoNsIBILlEs AND BASIS OF REPORT As the charity trnSeS of the company (and Also tts directors for the purposes of company ]Rwl you are resTK)nsible for Ihe preparation of the accounts in Accordance with the requirements of Èhe Companies Act 21X)6 ('the 2006 Act,). Havmg satisfied myself thai the aoUn1S of the company are not required to be audited under Part 16 of th¢ 2006 Act and 8reeligible for independent examiltion, I report in respect ofrny exatnination of yourcornpany's account8 &8 carried out under Seclion 145 of ihe Charities Act 2011 {'Ihe 2011 Act'l. In carrying out my UalllinI0n I h&ve followed thc Directions given by the Charity Commission under section 145{5) (bl of the 2011 AGI. INDEPENDENT EMINER's STATEMENT I have completed my examination. I confinn thai no matters have wme to my attention in ContctIon with the examination giving m¢ ¢au8¢ lo b¢li¢ve that in any material re$peet'. Aceounting records were not kept in respect of the company as required by section 386 of the 2CK)6 A¢t: or The aeeounts do not accord with thosc records,. or The accounts dts not comply with thc accountin8 requirements of section 396 of the 2006 A¢t other than any rcquirctnent that the accourtts ¥ive a 'inie atQ fair view, which is noi a matter cotLqidered as part of an independent examination., or The a¢¢ounts have not been prep8red in accordance with the rnethods and principleg of the Statement of Recommended Practicc for accounting and rcÈy>rting by ¢harili¢8 lapplicable to chitieS preparing their account8 in accordancc with the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 1021]. I h&ve rto cotteerns &rtd have come Acr0&4 no other matterg in connection with the examination io which attention 8hi)uld be drawn irt this rqK)rt in order to enable a prnper understanding of the aceounts to be rea¢hed. Dean Flood (FCCA}. Independent Examiner Rowland Hall 44154 Orsett Road Grdyy Essex PM175ED 23 May 2024
THE GIVEN-WILsof4 INSTITUTE STA TEMENT OF FJNANflAI, AcTlTIEs INCLUDING INCOlE AIND F.xP.IDITUR- ACCOU.YT ST FOR THE YEAR ENDED JI DECEMBER 2O23 To141 Unre5trlcted Unre&trlcted Unreitri¢ted Unrestrieied Desi Ge¢r&I Funds FMnd.f 2023 22 Noleg Fun INCOME AND ENDOWMENTS Ineoming from donaiions and le8acie9 Charitabl¢ 4¢tivities.' Holiday fund contribution Other tradin8 aetivitie&'. Rent of lodge Hall hire Investmenis 18,281 9.640 22.791 18,281 9,640 22,791 13.980 9,205 21,502 TOTAL IL¥COME AND ENL)OWMENTS 50,712 50,712 44,093 EXPENDITURE Exp¢ndityTe on raising nd8'. Inv¢stm¢nl manag¢m¢nt costs 5.162 5.162 6,500 Expenditure on clwitable activities 102.290 102,290 43,423 TOTAL EXPENDITURE 107.452 107,452 49,983 Nei (expendiDJre)lineome before investment gainsl(losses) 156,740) (56,740> fJ,290) Net (lo¥ses)Igain8 on inve5tmentS 37.360 37,360 (84,970) NET INCOME 37,360 (56,740) 119,380) (90,260) Transfers between funds 16 8,946 (8.946) NET MOVEMENT IN FUNDS FOR THE YEAR 46,306 {65,686) (19,3801 (90,200) RECONCILIATION OF FUNDS Total ndS brougllt fonvard 812,822 89,410 902,232 992,498 Total fimds carried forward 859,128 23,724 882,¥S2 9Q2.232 The Statement of Financial Aciiviiies includes gains and losses ognISed iti the year. All income and expenditure derive from Continuing a¢tivities.
THE GIVEN-WILSON INSTITUTE BALANCE SHEET ST AS AT 31 DECEMBER 2023 Nol¢s 2023 2022 FIXED ASSETS Tangible Awets InvestmenLg 34,776 824,352 36.982 775.840 12 859.128 812.822 CURRENT ASSETS Debtors Cash at Bank and in Hand 13 14 434 26.343 93,J33 26.777 93.133 CREDrroRS- 4rnounts falling due within one year A¢enlS 15 3.053 3.722 NET CURRENT ASSETS 23,724 89.4Jl TOTAL ASSETS LESS CURRENT LIABILITIES 882.852 902,232 REPRESENTED BY - FUNDS AND RESERVES Unrestricted Funds Designated Funds Fixed A88ei Fund Inves¢ment Fund 16 34,776 824,352 30,982 775,840 859.128 812.822 89,411 GeA¢ral Fund 23,724 882,852 902.232 For the year endin8 31° December 2023 Ihe company was entitled th exemption from audil Under section 477 of the Companies Aci 2006 relatin# io small companies. Direetor8' responwbi1iti'. The members have noi required the company to obtain an audit of its accounts for the year in qucstion in accordance with section 476- The dirtttors acknowledBe their regponsibAliti¢s for complying with the requirements of the Act with reSpt to accountin8 records and the preparation of oUnt$. Thege accounts bave befflL prepared in ar¢ordartc¢ with the provi8ion$ applicable 10 the small coAnpanies' regime and in ac¢ordanc¢ with FRS 102 SORP. Approved and authori&ed for Ille by the Committee of Managernent on 23Tr1 May 2024 and signed on its behalf by Mr R Walmsley Reglstered Company No: 1195119
THE GIVEF4-WILSON INSTITUTE NOTES FORMING PART OF THE FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES B8&15 ofAecountlng The Given-wilson Insiilute is a charitable company limited by Buarantee in the United Kingdom. The charity's r¢gistered office is disclosed on page l of the fjn8llci statementy. Thc fjnancial Staents havc been prepared under the historictl cost convention with item5 recogni5ed ai cogt or transaction value unless otherwise slated in the relevani nol¢s to these fjnancial sl&Lements. The financial statements have been prepared in accordance with the Ststemen¢ of lie¢ommended Practice.. Accounting and Reporting by Charities 2019 preparing their fllwjcial s¢atements in accordance with the Financial Reportin Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16th July 2014 and Ihe Financial Reporting Standard applicablc in the UK and Republic of Ireland IFRS 102) and with the Charities Act 2011. The fittial ytatetnents 4r¢ prar¢d in Stcrling which is the funciional currency of the ¢ntity. Monetary amounts in these fancIal $tal¢m¢n¢s are rounded io the nearest £. The charity constitute¥ a public benefit ¢Dtity a8 defmed by FRS 102. The tnAstee$ consider that there are no material uncertainlke8 about the clwity's ability to continue as a going oncern. There are no significant areas of adjusttnent and key as¥umpLion5 that afYeeL itetns in the fmancial $tat¢m¢nt8. Ineome Dividends and int¢r¢5t, including taxation deduCd ai 90urce ihercon. arc credited to the statement of firtancial activities in the year to which they r¢14t¢. All othcr income is crediied when it is received. Rental income fro the lodge is si&ied net of mana8ernent fees l¢vi¢d at 12.5Vn + VAT. Rejourcei Resourcey expended are recogntsed in the period in whi¢h they or¢ in¢urred. R¢8our¢¢8 expertded include attributable VAT which cannot be reeovered. of g¢nerating funds cnmprige, thp. r.n818 HA$nr,ioied wilh ArirAr,iin2 vnliiniHry in¢,nmf, And ihr, r.n81s nf m&intaining the premises for fvndraiSin pU4se. They also include costs incurred in the mana8ement of the charity's portfolio of inyeslments. Charitable ActLVlti¢s expendithre comprises those costs incurred by the charity in the delivery of its aGliVi(ies and services for its beneficiaries. It includes both costs ihat con be allocated directly to such activitÈe8 a[ th0 costs of aD indirect nature neceysary io support them. Governance co¥ts include those costs agsocialed with meeting the constitutional and %t&tutory requirements of the Charity and tnclude independent examinaiiort fees and costs linked to the Strategic m8nagement of the ¢haTity. All costs are allocated beNeen the expenditure eategories of the SOFA OD a b18 designed to reflect the use of the resourcc. Costs relating to a particular activity are allocated ditECtly, other8 are apportioned on an apprnpriate basis e.g. per fAPita or esiima(ed u8age as set out in Noie 5.
THE GIVEN-WILSON INSTITUTE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICILS (¢ontlnu¢dl T•ttglble Flxeil Assets Significant fixed asset5 are Capi11*d and stated at cost. Depreciation is provided at the following annual rates in order to write ofY¢ach 088et over its esiimaied useful life.. Freehold Buildings Land FurniNre 20/0 on cost No depreciation has been provided IOQ/D on writien down vue IDvegtments Investments are included on the Bal&nce Sheet at fair value (their markrt value) at the end of ¢he financial period. Gains and losses are credited, or debiied, to the siatemeni of financial activities in the year in which they artse. Fund Accountln8 The general nd comprises those monies which may be used toward¥ meetll the charitsbl¢ objective5 of the Ins¢ittLte at the discretion of the Management Committee. The designated fundsare those fvnd8¢arniarkedby the Management C¢)mrni¢tee for $pe¢ifi¢ purpose8 although the Management Committee may ultimalely use such fund8 for other purp05e$. Both the gefter&l fund ond deyignhted funds are uttre8tricted. There are no restricted fvnds in either the current or previous year. Caih Flow The charitable company qualifies as a 8rnall company and adY4ntag¢ been taken of the exemption provided by the SORP (FRS1021 as amended by Bulletin I not to prepare a cayh flow st&tement. Debtors Trade and othcr debtors are recognised at the settlement amount duc atl¢r any trod¢ disoollnt offered. PrepayTncnt5 4r¢ Valu at th¢ Jtnounl pr¢paid net of any trad¢ disoounls du¢. Credltor8 Creditors ar¢ r¢wgnised where the ¢harity B PTey¢nt obligation ruulting from a past event that will probably r¢yult in the transfer of funds to a third party and the amount due tQ 8ettle th¢ obligation can be measured or estimated reliably. Crediiors are normally recogni5ed at their settlement amount ?ft¢r allowing for any trade di8counts due. HALL HIRE Plaistow Church of Christ Parking Spaces Karate Club 4.090 3.250 2.3(X 3.215 3.150 2.840 9,640 9,295
10 THE CIVEN-WILSON INSTITUTE NOTES FORMING PART OF THE FTNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 INVESTMENT INCOME 2023 2022 Equities InteTe8t on other Securities 22.791 21.502 22,791 21,502 Bank Interest 22,791 21.502 EXPENDITURE ON CHAIUTABLE ACTIVITIES 2023 022 Donation& and Grants Paid Holiday8 and Outing8 SociAI Dinner8 Depreeiktion Governonce C08L8 Support$ Co818 75.000 1.000 600 2.206 3,864 20.620 2,244 2.424 37,755 102,290 43,423 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS The charity initially identifiej ih¢ ¢oyt of its support func¢i¢)ns. It then identifie8 those coyts whi¢h rela¢¢ to th¢ govemance fimction. Refer to the tabl¢ below for the basis of ¥4PPOttionment and the analysis Qf Support and governance costs. Genernt Governance Basis of rtionmeni Salaries LighL Heat and Raies Buildings Insurance Repairs and Maintenart¢e Accountancy Fees Legal and Profes%ional Sundry Expen Staff Time Usage Ugage Usage Governance Usage uge 4,019 2,265 13.074 4,019 2,265 13,074 3.864 1.148 114 3.864 1,148 114 20,620 3,864 24.484
THE GIVEN-WILSOLY IIYSTITUTE NOTES FORMING PART OF THE FIINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31%'1' DECEMBER 2023 DONATIONS AND GRANTS PAID 2023 2022 Guides, Scouts and Browni¢s First Sieps Briiiyh Legion 5.000 25,000 45.000 1,000 75,000 I,QfKJ HOLIDAYS AND OUTINGS 2023 2022 Holidays NET INCOMING RESOURCES FOR THE YEAR 2023 2022 This 18 Stated after charging.. Depreciaiion Accounthnts Remuneration 2,206 3.864 2,244 2.424 STAFF COSTS AND NUMBERS 2023 2022 sff costs during the year were as follows.. Wages and Salaries 2/iJ 2023 Number 2022 Nmmber The average nurnber of part-time ¢mployee&, a[ly8ed by function was.. Support No employee received emolument8 of more than £60,000. No member of the Management Committee received any remuneration or expen5e8 in reypect of tbeir services as member of the Management Committee during the year (2022 - £Nil). 10 TAXATIOL¥ Th¢ Given-WAlson Institute is a regrstered charity and therefore is not liable to corporntion tsx on ineome derived from its charitable actlVLties as it falls within the various exemptions availablc to registered oharities. Althoug bank interest is rtteived gro&% by the company, its dividend income 18 8ubjecL to (ax credits deducted at source and such income i&Y Can no longer be rttovered by the company. As Such. the suffered is tr¢4ted in the Stament of fjnancial activities a8 a cost of generaring funds.
12 THE GIVEN-WILSON INSTITUTE L¥OTES FORMING PART OF THE FINAI¥CIAL STATEMENTS SY FOR THE YEAR ENDED 31 DECEMBER 2023 I I. TANGIBLE FIXED ASSETS Fre¢bold Land and Furniture Total COST At 111 J4nuary 2023 Additions 108,099 26.242 134.341 At 311t December 2023 108.099 26,242 134,341 DEPRECIATION At I. January 2023 Charge for year 74,553 1,862 22,806 344 97,359 2.206 At 31° Decett)ber 2023 70,415 23,150 99,505 NET BOOK VALUES At 3 December 2023 31,684 3,092 34,776 Ai 3111 D*¢¢mber 2022 33.J40 3,436 30, 982 All the alS were used for Charitable purpffts. Any uge for management and admini$tra¢ive purpose8 is insignificant and has been ignored. The freehold land and buildings were last valued by an independent professional valuer, McDowalls sUey0r6 Limited, in Mareh 2018. At ththi lime they VAlued the propeny ai £1,045,000, on an open mark#1 value in cuErent use basi8. 12. INVESTMEL4TS Market Value At I" January 2023 AdditLoll5 Disposals ot Book Value (Proceeds £41,326. Gain £1,333) Net Inv¢sttllent (tA)ssesYGains 762.951 44.928 {39,993) 36,027 800.421 102.070 (105,642) (93,904) Markci Valu¢ at 31° Dcc¢mber 2023 Cash held by Investment Managers for R¢-inve5tm¢nl 803,913 20,439 702.951 J2,889 824,352 775,840 Listed investtnents held at 3151 December 2023 comprised the following.. Equities Global Fixed Intere8t 803,913 20.439 674,903 88,048 824,352 762,951 All investsnenis were held within the United Kingdom.
THE GJVEN_WILSON IN TITUTE NOTES FORMINC PART OF THE FINANCIAL STATEME EYE StD 12. INVESTMENTS (Comtlmutd) TheInsiitutc held thÈ followln8 iiivesin*tst$ in the ye21'. Mark Value Markrt Value Cost C05t 1.400 16.0 Baillie Giffotd &Co BNV Newton Con1$$ Group plc CQS Ncw City Ytrid Dia8¢ Éccl1511¢l Insurdnce Grtyjp Exp¢rian P Findlay Am¢rtcan USD Fundgmith EQ Gknxo$miihkline Hglma Hcnderyuns J P MoT8on Leyl and Genernl GTOUP iKs8 Ma50n Lindydl TNn M¢r¢4niilc InvL¥iments TST PLC NAiixi$ InV¢sirr MaTrAg S.A Loomi$ Nestle SA PolBrCupital GlotrAI Fina11¥ RELX PIG Kio Tin Rifcapital Pèrt Royol 1¢h Sh¢ll T &T SL'htoder Inv MRMI scliSh Mort Scvetn Trrni Smilh IDS) Smith & Nephew Stewart InvYslDrg Asia T Bailcy Ewelllode Income TR Eur(>Pfdn Tru Tw¢nlyfour Unilever Unitthl Kingdom Trury VodafomeGTOUP 22,917 28,283 25.312 34.627 23.6 23.276 21,420 16,705 24,015 22.523 28283 24.948 34,154 21.Q93 24,380 27.375 16.575 21.097 32.598 31.71K) 46,0th) 750 13,000 750 250 24.122 14.222 24.122 14222 19,474 22.197 14J26 15.787 ¥.870 JO,853 22.628 14,907 19,474 22,197 14,326 15,787 8,870 30,853 22,69¥ 14.Y(17 26.101 23.892 19,064 20,428 14.9)2 22.089 15,855 6.774 21,849 35,54Y 928 91K) 21.000 5,0 7,IfK) 22,CKM) 9.71 7,5 12.wo 250 12.4 800 450 20.556 24.42J 17,766 22,730 17,714 29.172 32,370 14.400 28,449 13.NB6 18,935 27,456 26.091 23.375 22.097 17,828 26,994 33.155 23.892 19.064 20,428 24,528 22,089 10.570 6,774 21.849 15.553 12.735 13J21 6,266 19,352 27,364 17,990 27,727 14.050 41205 22.754 1¥,526 24.880 26289 20.702 24.42Y 12220 20.21M) 19,343 20.589 21J70 950 30 2,500 750 6.700 2,non 1,800 13.000 13,600 12.735 18.070 6,266 19.352 16,995 17,862 27.727 14,050 24.747 1S.f4)J 21,541 17,649 31J¥3 20,128 22,922 14,637 33,600 22,236 350 25.0th1 15.60J 24,934 13,300 25,388 20.(0 7.919 C05h Hrkl 20,439 12.889 824 352 648 308
14 THE CIVEN-WILSON tNSTITUTE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- DECEMBER 2023 13. DEBTORS 2023 2022 Ac¢Ned Iwom¢ 434 14. CASH AT BANK 2023 2022 Bar¢l4ys Bank PIC Current A¢¢ount Business Tracker Account Christmas Club Accounts 26,281 37 95,071 37 26,318 25 93.108 25 Cash in Hand 26,343 93.133 1 S. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accruals 3.053 3, 722 16. DESIGNATED FUNDS Reglixd At 1112 Unr¢alis¢d Profit on osal8 Profit on ¢v¥lua¢io At It2llLfÉu 3111212 Investment Fund Fixed Assel Fund 775,840 36,982 1,333 36,027 11,152 (2,2(16) 824,352 34,776 812,822 1,333 36,027 8,946 859,128 Inveslment Fund Thi8 fund 18 maintained at a lev¢1 that represents stocks, shares and monies rwuired to generate iD¢ome during the year. Fixed Asset Fund Thi5 repr¢s¢nts the net book value of tangible fixed assets. 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS General Fund¥ Desigllated Re8trictrd Fulld Fld5 Total 2023 Tangible A&sets Investments Cutrent A&scts Crediturs.. aollts fallfftg due within one year 34,776 824,352 34,776 824,352 26,777 (3,053) 26,777 (3,053) 23,724 859,128 882,852 18. GUARANTEES The Institute is a Company limited by guwrontee and therefore does not have a share capital. In th¢ ¢v¢nt of it Ing wound up, the m3ximum liability of each tn¢mbK is £1.