##
##
||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe charity, its Trustees and advisers||
|Trustees' report|||2-4|
|Independent
auditors'|report|on the financial statements|5-8|
|Statement offinancial|activities|||
|Balance sheet|||10|
|Notes to the financial|statements||11-19|
##
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS OF THE|DETAILS OF THE|CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED|||5APRIL 2022|
|Trustees|||Mr P Denby, Chairman||||
||||Mr D M Gerry||||
||||Mrs J Welch||||
|Charity Registered|||||||
|Number|||216471||||
|Principal|Office||St Swithin's
Court||||
||||1 Flavian Road||||
||||Lincoln||||
||||LN2 4GR||||
|Independent||Auditors|Streets Audit LLP||||
||||Chartered
Accountants||& Statutory|Auditor|
||||Tower House||||
||||Lucy Tower Street||||
||||Lincoln||||
||||LN1 1XW||||
|Bankers|||Handelsbanken|pic|||
||||1st Floor, 5 Henley Way||||
||||Doddington
Road||||
||||Lincoln||||
||||LN6 3QR||||
|Solicitors|||Chattertons||||
||||St Swithin's
Court||||
||||1 Flavian Road||||
||||Lincoln||||
||||LN2 4GR||||
|Investment||Advisors|Brewin Dolphin|Limited|||
||||Olympic House||||
||||Doddington
Road||||
||||Lincoln||||
||||LN6 3SE||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022
f|2022
F|2022
8|2021f|
|Income and endowments|from:||||||
|Investments|||47,466||47,466|50,102|
|Total income and endowments|||47,466||47,466|50,102|
|Expenditure
on:|||||||
|Raising funds|||15,200||15,200|12,751|
|Charitable
activities|||23,520||23,520|51,080|
|Total expenditure|||38,720||38,720|63,831|
|Net income/(expenditure)|before net||||||
|gains on investments|||8,746||8,746|(13,729)|
|Net gains on investments||||37,358|37,358|625,544|
|Net movement
in funds|||8,746|37,358|46,104|611,815|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||33,114|2,189,284|2,222,398|1,610,583|
|Net movement
in funds|||8,746|37,358|46,104|611,815|
|Total funds carried forward|||41,860|2,226,642|2,268,502|2,222,398|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||E|K|F|
|Managed|investments|47,466|47,466|50,102|
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
||||6|K|E|
|Investment|management|fees|14,950|14,950|12,499|
|Bank charges|||250|250|252|
||||15,200|t5,200|12,751|
##
##
##
|||Grant||||
|---|---|---|---|---|---|
|||funding
of|Support|Total|Total|
|||activities|costs|funds|funds|
|||2022|2022|2022|202'I|
|||E|E|E|E|
|Payment|ofgrants|19,468|4,052|23,520|51,080|
##
|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
|||F|E|
|Secretadal|services|2,042|4,705|
|Governance|costs|2,010|1,980|
|||4,052|6,685|
##
|||Grants to|Total|Total|
|---|---|---|---|---|
|||Institutions|funds|funds|
|||2022|2022|2021|
|||E|E|E|
|Payment|ofgrants|19,468|19,468|44,395|
##
##
##
##
##
||Listed|
|---|---|
||investments|
|Cost or valuation||
|At 6April 2021|2,138,498|
|Additions|440,499|
|Disposals|(404,997)|
|Revaluations|(14,230)|
|At 5 April 2022|2,159,770|
|Net book value||
|At 5 April 2022|2,159,770|
|At 5April 2021|2,138,498|
##
##
##
|Material I|nvestments|||
|---|---|---|---|
|||2022f|2021|
|UK Bonds||215,687|200,120|
|Overseas|Bonds|44,528|47,472|
|UK Equities||583,886|608,312|
|Overseas|Equities|648,925|551,878|
|Global Investments||294,472|305,090|
|Absolute|Return||52,525|
|Property||68,068|61,614|
|Private Equity||132,140|181,213|
|Other Investments||172,064|130,274|
|||2,159,770|2,138,498|
##
##
|2022f|2021|
|---|---|
||1,550|
||1,550|
|2022f|2021f|
|2,010|1,980|
##
##
##
|Statement|offunds|- cu|rren|t year|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Balance at 6||||||Gains/|Balance at 5||
|||||April 2021
Income||Expenditure|||(Losses)|||April 2022|
|||||K|6|||E||E||8|
|Unrestricted|funds||||||||||||
|General funds||||33,114|47,466|||(38,720)||||41,860|
|Endowment|funds||||||||||||
|Endowment|funds|||2,189,284||||||37,358||2,226,642|
|Total offunds||||2,222,398|47,466|||(38,720)||37,358||2,268,502|
|Endowment|Funds|represent||a permanent
endowment|which|is|not|available|for distribution.||||
|Endowment|Funds|contain||F100,000 of Unrestricted
Funds.|||During
2010, the Trustees|||||made
the|
|decision to|make surplus||Unrestricted
Funds available
for investment
to capitalise|||||||on the recovery ofthe|||
|stock market.
It is||noted|that should
the need arise||for charitable|||usage of|these|unrestricted||reserves|
|then a transfer would be|||made from the Endowment
Fund to|||the Unrestricted|||Fund.||||
|Unrestricted|Funds|are those||which can be utilised at|the discretion|||ofthe Trustees.|||||
|Statement offunds - prior year|||||||||||||
|||||Balance at||||||Geina'||Balance at|
|||||6April 2020|Income||Expenditure||(Losses)||5April 2021||
|||||||||E||E||L|
|Unrestricted|funds||||||||||||
|General funds||||46,843|50,102|||(63,831)||||33,114|
|Endowment|funds|||1,563,740|||||625,544|||2,189,284|
|Total offunds||||1,610,583|50,102|||(63,831)|625,544|||2,222,398|
##
##
##
|Summary
|offunds - current ye|ar|||||
|---|---|---|---|---|---|---|
|||Balance at 6|||Gains)|Balance at 5|
|||April 2021
6|Income
6|Expenditure
6|(Losses)
6|April 2022
6|
|General funds||33,114|47,466|(38,720)||41,860|
|Endowment|funds|2,189,284|||37,358|2,226,642|
|||2,222,398|47,466|(38,720)|37,358|2,268,502|
|Summary|offunds - prior year||||||
|||Balance at|||Gains/|Balance at|
|||6April 2020
8|Income
6|Expenditure|(Losses)|5April 2021
L'|
|General funds||46,843|50,102|(63,831)||33,114|
|Endowment|funds|1,563,740|||625,544|2,189,284|
|||1,610,583|50,102|(63,831)|625,544|2,222,398|
##
|Analysis ofnet assets between funds -curr|ent year|||
|---|---|---|---|
||Unrestricted|Endowment|Total|
||funds|funds|funds|
||2022|2022|2022|
||6|6|6|
|Fixed asset investments||2,159,770|2,159,770|
|Current assets|43,870|66,872|110,742|
|Creditors due within one year|(2,010)||(2,010)|
|Total|41,860|2,226,642|2,268,502|
##
##
|||Unrestricted|Endowment|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|||8||E|
|Fixed asset investments|||2,138,498|2,138,498|
|Current|assets|35,094|50,786|85,880|
|Creditors|due within one year|(1,980)||(1,980)|
|Total||33,114|2,189,284|2,222,398|
##