| Page | ||
|---|---|---|
| Trustees' annual report |
||
| Independent auditor's |
report to the members | |
| Statement offinancial | activities | |
| Statement offinancial | position | 12 |
| Statement of cash flows | 13 | |
| Notes to the financial | statements | 14 |
| Reference and administrative | Reference and administrative | Reference and administrative | details | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Registered | charity | name | William A Cadbury | Charitable | Trust | ||||
| Charity registration | number | 213629 | |||||||
| Principal oNce | Rokesley | ||||||||
| University of |
Birmingham | Selly Oak | |||||||
| Bristol Road | |||||||||
| Selly Oak | |||||||||
| Birmingham | |||||||||
| B296QF | |||||||||
| The trustees | Mrs SStafford | ||||||||
| RA Cadbury | |||||||||
| Mrs SJ Blandy | |||||||||
| Mrs J Cobain | |||||||||
| Mrs K M Van | Hagen Cadbury | ||||||||
| Mrs C M Salmon | |||||||||
| A D M Thomas | |||||||||
| J C Penny | |||||||||
| Mrs V E Mohan | |||||||||
| Auditor | Independent | Auditors | LLP | ||||||
| Chartered Accountants |
&Statutory | Auditor | |||||||
| Emstrey House North | |||||||||
| Shrewsbury | Business | Park | |||||||
| Shrews bury | |||||||||
| Shropshire | |||||||||
| SY26LG | |||||||||
| Bankers | Lloyds Bank | pic | |||||||
| 36-38New Street | |||||||||
| Birmingham | |||||||||
| B24LP | |||||||||
| Investment | managers | Newton Investment |
Management | Limited | |||||
| 160Queen Victoria | Street | ||||||||
| London | |||||||||
| EC4V 4LA |
| 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Totalfunds | Total funds | ||||
| Note | E | |||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 85,025 | 85,025 | 60,000 | ||
| Investment income |
5 | 1,377,063 | 1,377,063 | 1,165,604 | ||
| Other income | 6 | 12,224 | 12,224 | 12,164 | ||
| Total income | 1,474,312 | 1,474,312 | 1,237,768 | |||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Investment management |
costs | 7 | (236,055) | (236,055) | (259,717) | |
| Expenditure on charitable |
activities | 8,9 | (981,885) | (981,885) | (1,054,877) | |
| Total expenditure | (1,217,949) | (1,217,940) | (1,314,594) | |||
| Net (losses)/gains on investments |
11 | (1,159,832) | (1,159,832) | 4,394,695 | ||
| Net(expenditure)/income | and net movement | in funds | (903,460) | (903,460) | 4,317,869 | |
| Reconciliation offunds |
||||||
| Total funds brought forward |
58,848,559 | 58,848,559 | 54,530,690 | |||
| Total funds carried forward | 57,945,099 | 57,945,099 | 58,848,559 |
| 5. | Investment | Income | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2023 | Funds | 2022 | |||||||
| F | F | F | ||||||||
| Income from | listed investments | 1,377,063 | 1,377,063 | 1,165,604 | 1,165,604 | |||||
| 6. | Other income | |||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2023 | Funds | 2022 | |||||||
| F | F | |||||||||
| Contributions | to office costs | 12,106 | 12,106 | 12,164 | 12,164 | |||||
| Other income | 118 | 118 | ||||||||
| 12,224 | 12,224 | 12,164 | 12,164 | |||||||
| 7. | Investment | management | costs | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2023 | Funds | 2022 | |||||||
| F | F. | |||||||||
| investment | management | fees | 236,055 | 236,055 | 259,717 | 259,717 | ||||
| 8. | Expenditure | on charitable | activities | by fund type | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2023 | Funds | 2022 | |||||||
| F | ||||||||||
| Grants | 923,125 | 923,125 | 949,750 | 949,750 | ||||||
| Grants returned | (500) | (500) | ||||||||
| Foreign exchange differences | relating | |||||||||
| to acquisition | and disposal | of | listed | |||||||
| investments | (156) | (156) | (28) | (28) | ||||||
| Support costs | 58,916 | 58,916 | 105,655 | 105,655 | ||||||
| 981,885 | 981,885 | 1,054,877 | 1,054,877 | |||||||
| 9. | Expenditure | on charitable | activities | by activity type | ||||||
| Grant funding | Support | Total funds | Total fund | |||||||
| ofactivities | costs | 2023 | 2022 | |||||||
| F | ||||||||||
| Grants | 923,125 | 47,468 | 970,593 | 9S6,252 | ||||||
| Grants returned | (500) | |||||||||
| Foreign exchange differences | relating | |||||||||
| to acquisition | and disposal | of listed | ||||||||
| investments | (156) | (156) | (28) | |||||||
| Governance | costs | 11,448 | 11,448 | 59,153 | ||||||
| 922,969 | 58,916 | 981,885 | 1,054,877 |
| Grants | Total 2023 | Total 2022 | |||||
|---|---|---|---|---|---|---|---|
| Office costs | and salary | for service delivery | 47,469 | 47,469 | 46,502 | ||
| Insurance | 571 | 571 | 525 | ||||
| Travel and sundries | 189 | 189 | 191 | ||||
| Accountancy | fees | 2,815 | 2,815 | 2,060 | |||
| Audit fees | 1,850 | 1,850 | 1,610 | ||||
| Legal and professional | fees | 4,470 | 4,470 | 51,570 | |||
| Subscriptions | 157 | 157 | 1,802 | ||||
| Depreciation | 1,395 | 1,395 | 1,395 | ||||
| 58,916 | 58,916 | 105,655 | |||||
| 11. | Net (lossesj/gains | on | investments |
| 11. | Net (lossesj/g | ains on |
invest | ments | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | |||||||
| f, | F | |||||||||
| Gains/(losses) | on disposal of listed | |||||||||
| investments | (92,308) | (92,308) | (105,932) | (105,932) | ||||||
| Gains/(losses) | on revaluation | of listed | ||||||||
| investments | (1,067,524) | (1,067,524) | 4,500,627 | 4,500,627 | ||||||
| (1,159,832) | (1,159,832) | 4,394,895 | 4,394,695 | |||||||
| 12. | Net (expenditure)/income | |||||||||
| Net (expenditure)fincome | is stated | after | charging/(crediting): | |||||||
| 2023 | 2022 | |||||||||
| E | ||||||||||
| Depreciation | oftangible | fixed | assets | 1,395 | 1,395 | |||||
| Foreign exchange differences | (156) | (28) | ||||||||
| 13. | Auditors remuneration |
|||||||||
| 2023 | 2022 | |||||||||
| Fees payable | for the audit ofthe financial statements | 1,850 | 1,610 | |||||||
| 14. | Staff costs | |||||||||
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: | ||||||
| 2023 | 2022 | |||||||||
| F | ||||||||||
| Wages and salaries | 36,388 | 33,735 | ||||||||
| Employer contributions |
to pension | plans | 1,956 | 1,956 | ||||||
| 38,344 | 35,691 |
| No remuneration was paid to trustees during the year, reimbursed. Tangible fixed assets |
nor were any trustees' expenses |
|---|---|
| Equipment | |
| Cost | |
| At 1 April 2022 and 31 March 2023 | 4,186 |
| Depreciation | |
| At 1 April 2022 | 2,523 |
| Charge for the year | 1,395 |
| At 31 March 2023 | 3,918 |
| Carrying amount |
|
| At 31 March 2023 | 268 |
| At 31 March 2022 | 1,663 |
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| Cost or valuation | ||||
| At 1 April | 2022 | 58,661,200 | ||
| Additions | 8,896,154 | |||
| Disposals | (7,632,930) | |||
| Fair value | movements | (1,067,524) | ||
| Movement | on cash held | in capital account awaiting | investment | (1,353,469) |
| At 31 March 2023 | 57,503,431 | |||
| Impairment | ||||
| At 1 April | 2022 and 31 | March 2023 | ||
| Carrying | amount | |||
| At 31 March 2023 | 57,503,431 | |||
| At 31 March 2022 | 58,661,200 |
| 18. | All investments Debtors |
shown | above are held at valuation. | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | |||||
| Prepayments | and accrued income | 171 | 12,321 | ||
| Other debtors | 2 | ||||
| 171 | 12,323 | ||||
| 19. | Creditors: amounts | falling due within one year | |||
| 2023 | 2022 | ||||
| E | E | ||||
| Accruals and deferred | income | 70,178 | 71,984 | ||
| Social security | and other taxes | 749 | 682 | ||
| Loan | 124,432 | 130,000 | |||
| Other creditors | 33 | ||||
| 195,359 | 202,699 |
| At | Gains and | At 31March | ||||
|---|---|---|---|---|---|---|
| 1 April 2022 | Income | Expenditure | losses | 2023 | ||
| E | E | E | E | |||
| General | funds | 58,848,559 | 1,474,312 | (1,217,940) | (1,159,832) | 57,945,099 |
| At | Gains and | At 31 March | ||||
| 1 April 2021 | Income | Expenditure | losses | 2022 | ||
| E | E | E | E | |||
| General | funds | 54,530,690 | 1,237,768 | (1,314,594) | 4,394,695 | 58,848,559 |
| Analysis ofnet as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2023 | ||
| Tangible fixed assets | 268 | 268 | |
| Investments | 57,503,431 | 57,503,431 | |
| Current assets | 636,759 | 636,759 | |
| Creditors less than | 1 year | (195,359) | (195,359) |
| Net assets | 57,945,099 | 57,945,099 |
| Tangible fixed assets | Tangible fixed assets |
|---|---|
| Investments | |
| Current assets | |
| Creditors less than | 1 year |
| Net assets |
| Unrestricted | Total Funds |
|---|---|
| Funds | 2022 |
| 1,663 | 1,663 |
| 58,661,200 | 58,661,200 |
| 388,395 | 388,395 |
| (202,699) | (202,699) |
| 58,848,559 | 58,848,559 |
| Analy | sis | ofc | han | ges | in net debt |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| At | |||||||||||
| At | 1 | Apr 2022 | Cash flows F |
31 Mar | 2023 f |
||||||
| Cash | at | bank | and | in | hand | 376,072 | 260,516 | 636,588 |
| 2023 | |||
|---|---|---|---|
| West Midlands | |||
| Advice, Mediation, | Counselling | 72,000 | |
| Beyond the Horizon | 12,000 | ||
| Freedom from Torture | 20,000 | ||
| New Hope Christian | Counselling | 15,000 | |
| Open Door Youth Counselling | Ltd | 20,000 |
| Year en | Year en | Year en | Year en | Year en | ded 31 March 2023 | ||
|---|---|---|---|---|---|---|---|
| 25. Analysis ofgrants |
(Continued) | ||||||
| Community Action |
93,750 | ||||||
| Alice (Relief of Poverty and Advancement | ofCommunity) | 15,000 | |||||
| Birmingham Disability Resource Centre |
15,000 | ||||||
| Home-Start Birmingham |
South | 10,000 | |||||
| Karis Neighbour Scheme |
25,000 | ||||||
| Spitfire Advice and Support | Services | 10,000 | |||||
| Education and Training |
56,750 | ||||||
| First Give | 13,000 | ||||||
| National Literacy Trust |
20,000 | ||||||
| The Springboard Charity |
15,000 | ||||||
| Environment and Conservation |
59,250 | ||||||
| ecobirming ham | 20,000 | ||||||
| National Trust |
15,000 | ||||||
| The Wildlife Trust for Birmingham | and the | Black Country | 19,000 | ||||
| Medical and Healthcare | 150,750 | ||||||
| Acorns Children's Hospice |
20,000 | ||||||
| Katharine House Hospice |
15,000 | ||||||
| Living Well UK | 20,000 | ||||||
| Marie Curie | 20,000 | ||||||
| The Katie Piper Foundation | 20,000 | ||||||
| University Hospitals Birmingham |
Charity | 20,000 | |||||
| Versus Arthritis | 25,000 | ||||||
| Penal Affairs | 61,750 | ||||||
| Geese Theatre Company | 17,000 | ||||||
| Prisoners' Advice Service |
(PAS) | 20,000 | |||||
| St Giles Trust | 20,000 | ||||||
| The Arts | 75,650 | ||||||
| Birmingham Centre for Arts Therapies |
20,000 | ||||||
| Birmingham Contemporary |
Music Group | 15,000 | |||||
| Birmingham Royal Ballet |
10,000 | ||||||
| ExCathedra | 20,000 | ||||||
| Vulnerable Groups |
186,075 | ||||||
| Anawim - Birmingham's | Centre for Women | 20,000 | |||||
| Approach Supporting Your |
Life Your Way | 20,000 | |||||
| Breaking Barriers | 20,000 | ||||||
| Darlaston Youth Centre |
20,000 | ||||||
| ECHO for Extra Choices | in | Herefordshire | 20,000 | ||||
| Para Dance UK | 5,000 | ||||||
| St Margarets Community |
Trust | 17,000 | |||||
| The Springfield Project |
20,000 | ||||||
| Welcome Charity | 15,000 | ||||||
| United Kingdom | |||||||
| Society ofFriends | 31,500 | ||||||
| Britain Yearly Meeting - | Religious | Society | ofFriends | 25,000 | |||
| Alan Cadbury Trust |
38,800 | ||||||
| Hereford Cathedral Perpetual |
Trust | 6,500 |
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