| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 3 |
| Report ofthe Independent Auditors |
4 | to | 6 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 9 | to | 15 |
| Detailed Statement ofFinancial Activities | 16 |
| FOR THE YEAR EN | DED 5 APRI | L 2023 | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
143,020 | 2,874,085 | |||
| Investment income |
204,431 | 137,684 | |||
| Total | 347,451 | 3,011,769 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Other | 229,783 | 156,749 | |||
| Net gains/(losses) on investments |
(387,370) | 850,965 | |||
| NET INCOME/(EXPENDITURE) | (269,702) | 3,705,985 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward |
11,972,877 | 8,266,892 | |||
| TOTALFUNDSCA | RRIEDFOR | WARD | 11,703,175 | 11,972,877 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Investments | 10 | 11,463,203 | 11,834,883 |
| CURRENT ASSETS | |||
| Debtors Cash at bank |
43,084 224,229 |
309 171,312 |
|
| 267,313 | 171,621 | ||
| CREDITORS | |||
| Amounts falling due within one year |
12 | (27,341) | (33,627) |
| NET CURRENT ASSETS | 239,972 | 137,994 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 11,703,175 | 11,972,877 | |
| NET ASSETS | 11,703,175 | 11,972,877 | |
| FUNDS | 13 | ||
| Unrestricted funds |
11,703,175 | 11,972,877 | |
| TOTAL FUNDS | 11,703,175 | 11,972,877 |
| DONATIONS AND LEGACIES |
||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Donations | 143,020 | 2,874,085 | ||
| 3. | INVESTMENT INCOME | |||
| 2023 | 2022 | |||
| Deposit account interest Income from listed investments |
15,299 189,132 |
13,579 124,105 |
||
| 204,431 | 137,684 | |||
| 4. | CHARITABLE ACTIVITIES COSTS | |||
| Grant | ||||
| funding of | ||||
| activities | Support | |||
| (see note | costs (see | |||
| 5) | note 6) | Totals | ||
| Other | 194,816 | 34,967 | 229,783 | |
| 5. | GRANTS PAYABLE | |||
| 2023 | 2022 | |||
| Other | 194,816 | 122,985 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| Other | 29,648 | 69 | 5,250 | 34,967 |
| COMPARATIVES FO | R THE STATEMENT OF FINANCIAL ACT | IVITIES |
|---|---|---|
| Unrestricted | ||
| fund | ||
| INCOME AND ENDOWMENTS FROM Donations and legacies |
2,874,085 | |
| Investment income |
137,684 | |
| Total | 3 011769 | |
| EXPENDITURE ON | ||
| Charitable activities Other |
156,749 | |
| Net gains on investments | 850,965 | |
| NET INCOME | 3,705,985 | |
| RECONCILIATION OF FUNDS Total funds brought forward |
8,266,892 | |
| TOTAL FUNDS CARRIED FORWARD | 11,972,877 |
| FIXEDASSET INVESTMENTS | ||
|---|---|---|
| 2023 | 2022 | |
| Shares Other |
10,597,954 865,249 |
11,359,137 475,746 |
| 11,463,203 | 11,834,883 |
| Shares in | Cash and | |||
|---|---|---|---|---|
| group | Listed | settlements | ||
| undertakings | investments | pending | Totals | |
| MARKET VALUE | ||||
| At 6 April 2022 Additions Disposals Revaluations |
5,714,174 267,260 |
4,668,601 1,032,404 (504,956) (632,076) |
976,362 (923,815) |
11,359,137 108,589 (504,956) (364,816) |
| At 5 April 2023 | 5,981,434 | 4,563,973 | 52,547 | 10,597,954 |
| NET BOOK VALUE | ||||
| At 5 April 2023 | 5,981,434 | 4,563,973 | 52,547 | 10,597,954 |
| At 5 April 2022 | 5,714,174 | 4,668,601 | 976,362 | 11,359,137 |
| Shares in | Cash and | |||||
|---|---|---|---|---|---|---|
| group | Listed | settlements | ||||
| undertakings | investments | pending | Totals | |||
| Valuation | in | 2023 | 5,981,434 | 4,563,973 | 52,547 | 10,597,954 |
| 2023 | 2022 |
|---|---|
| 4,288,051 | 3,760,603 |
| Investments (n |
either listed nor unl | isted) were as follows: |
|||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Government stocks Building societies and fixed |
865,249 | 632 475,114 |
|||
| 865,249 | 475,746 | ||||
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | 2023 | 2022 | |||
| Prepayments and accrued income |
43,084 | 309 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2023 | 2022 | |||
| Other creditors | 27,341 | 33,627 | |||
| MOVEMENT | IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 6.4.22 | in funds | 5.4.23 | |||
| Unrestricted | funds | ||||
| General fund | 11,972,877 | (269,702) | 11,703,175 | ||
| TOTAL FUNDS | 11,972,877 | (269,702) | 11,703,175 | ||
| 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 |
347,451 | (229,783) | (387,370) | (269,702) | |
| TOTAL FUNDS | 347,451 | (229,783) | (387,370) | (269,702) |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 6.4.21 | in funds | 5.4.22 | |||
| Unrestricted | funds | ||||
| General | fund | 8,266,892 | 3,705,985 | 11,972,877 | |
| TOTAL | FUNDS | 8,266,892 | 3,705,985 | 11,972,877 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | m funds | |||
| Unrestricted | funds | |||||
| General | fund | 3,011,769 | (156,749) | 850,965 | 3,705,985 | |
| TOTAL | FUNDS | 3,011,769 | (156,749) | 850,965 | 3,705,985 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 6.4.21 | in funds | 5.4.23 | |||
| Unrestricted | funds | ||||
| General | fund | 8,266,892 | 3,436,283 | 11,703,175 | |
| TOTAL | FUNDS | 8,266,892 | 3,436,283 | 11,703,175 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 3,359,220 | (386,532) | 463,595 | 3,436,283 | |
| TOTAL | FUNDS | 3,359,220 | (386,532) | 463,595 | 3,436,283 |
| Detail | s ofthe Trus | t's subsidiarie | s as at 5th April 2023 ar |
e as follows: | ||
|---|---|---|---|---|---|---|
| Nature of | %held | |||||
| Name | ofundertaking | Registered office | business | Class ofshares held | (direct) | |
| Property | ||||||
| PMG | Investments | Limited | United Kingdom | investment | A&B Preference | 100 |
| Property | ||||||
| PMG | Investments | Limited | United Kingdom | investment | Ordinary | 76 |
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5APRIL 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Donations | 143,020 | 2,874,085 |
| Investment income |
||
| Deposit account interest Income fiom listed investments |
15,299 189,132 |
13,579 124,105 |
| 204,431 | 137,684 | |
| Total incoming resources | 347,451 | 3,011,769 |
| EXPENDITURE | ||
| Charitable activities |
||
| Grants to institutions | 194,816 | 122,985 |
| Support costs | ||
| Management | ||
| Postage and stationery Sundries |
6 | 200 |
| Accountancy Management fees |
2,598 27,044 |
2,442 23,833 |
| 29,648 | 26,475 | |
| Finance | ||
| Bank charges | 69 | 89 |
| Governance costs |
||
| Auditors' remuneration |
5,250 | 7,200 |
| Total resources expended | 229,783 | 156,749 |
| Net income before gains and losses | 117,668 | 2,855,020 |
| Realised recognised gains and losses |
||
| Realised gains/(losses) on fixed asset investments |
(387,370) | 850,965 |
| Net (expenditure)/income | (269,702) | 3,705,985 |