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|||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||
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|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|
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|||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|
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||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|
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|SUPPORT COSTS|||||
|---|---|---|---|---|
||||Governance||
||Management|Finance|costs|Totals|
|Other|29,648|69|5,250|34,967|
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|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|
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|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|
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|2023|2022|
|---|---|
|4,288,051|3,760,603|
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|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)|
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|||||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|
##
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|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|