| 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 | 11-18 |
| REFERENCE AND | REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | DETAILS OF THE | DETAILS OF THE | CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 5APRIL 2023 | ||||||
| Trustees | Mr P Denby, Chairman | |||||
| Mr D M Gerry | ||||||
| Mrs JWelch | ||||||
| Mr M Shah (appointed | 16June 2023) | |||||
| 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 | ||||
| Nots | 2023 f |
2023 6 |
2023 6 |
2022f | |||
| Income and endowments | from: | ||||||
| Investments | 2 | 55,724 | 55,724 | 47,466 | |||
| Total income and | endowments | 55,724 | 55,724 | 47,466 | |||
| Expenditure on: |
|||||||
| Raising funds | 16,363 | 16,363 | 14,950 | ||||
| Charitable activities |
57,314 | 57,314 | 23,770 | ||||
| Total expenditure | 73,677 | 73,677 | 38,720 | ||||
| Net (expenditure)/income | before net | ||||||
| (losses)/gains on |
investments | (17,953) | (17,953) | 8,746 | |||
| Net (losses)/gains | on investments | (281,260) | (281,260) | 37,358 | |||
| Net movement in |
funds | (17,953) | (281,260) | (299,213) | 46,104 | ||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 41,860 | 2,226,642 | 2,268,502 | 2,222,398 | ||
| Net movement in funds |
(17,953) | (281,260) | (299,213) | 46,104 | |||
| Total funds carried forward | 23,907 | 1,945,382 | 1,969,289 | 2,268,502 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2023 | 2023 | 2022 |
| 6 | 6 | E' |
| 16,363 | 16,363 | 14,950 |
| Grant | ||||||
|---|---|---|---|---|---|---|
| funding of | Support | Total | Total | |||
| activities | costs | funds | funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| 6 | 6 | 5 | ||||
| Payment | of | grants | 47,966 | 9,348 | 57,314 | 23,770 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2023 6 |
2022f | ||
| Secretarial services | 6,463 | 2,042 | |
| Bank charges | 275 | 250 | |
| Governance | costs | 2,610 | 2,010 |
| 9,348 | 4,302 |
| Grants to | Total | Total |
|---|---|---|
| Institutions | funds | funds |
| 2023 | 2023 | 2022 |
| E | E | |
| 47,966 | 47,966 | 19,468 |
| 8. | Fixed asset investments | Fixed asset investments | ||
|---|---|---|---|---|
| Listed | ||||
| investments | ||||
| 8 | ||||
| Cost or valuation | ||||
| At 6 April 2022 | 2,159,770 | |||
| Additions | 127,082 | |||
| Disposals | (147,759) | |||
| Revaluations | (266,805) | |||
| At 5 April 2023 | 1,872,288 | |||
| Net book value | ||||
| At 5 April 2023 | 1,872,288 | |||
| At 5April 2022 | 2,159,770 | |||
| 9. | Material Investments | |||
| 2023 | 2022 | |||
| UK and Overseas Bonds | 270,456 | 260,215 | ||
| UK Equities | 529,082 | 583,886 | ||
| Overseas Equities |
545,628 | 648,925 | ||
| Global Investments | 205,057 | 294,472 | ||
| Private Equity |
98,715 | 132,140 | ||
| Other Investments | 223,350 | 240,132 | ||
| 1,872,288 | 2,159,770 | |||
| 10. | Creditors: Amounts | falling due within one year | ||
| 2023 | 2022 | |||
| 8 | ||||
| Accruals | 2,400 | 2,010 |
| Summary | offunds - current y | ear | |||||
|---|---|---|---|---|---|---|---|
| Balance at 6 | Gains( | Balance at 5 | |||||
| April 2022f | Income f |
Expenditure | f | (Losses) f |
April 2023 f |
||
| General funds | 41,860 | 55,724 | (73,677) | 23,907 | |||
| Endowment | funds | 2,226,642 | (281,260) | 1,945,382 | |||
| 2,268,502 | 55,724 | (73,677) | (281,260) | 1,969,289 | |||
| Summary | offunds - prior year | ||||||
| Balance at | Gainer | Ba/ance at | |||||
| 6 April 2021 | Income f |
Expenditure | f | (Losses) | 5 April 2022f | ||
| 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 |
| Analysis of net assets between funds - cur |
rent year | ||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| funds | funds | funds | |
| 2023 f |
2023 f |
2023f | |
| Fixed asset investments | 1,872,288 | 1,872,288 | |
| Current assets | 26,307 | 73,094 | 99,401 |
| Creditors due within one year | (2,400) | (2,400) | |
| Total | 23,907 | 1,945,382 | 1,969,289 |
| Analysis of net assets between funds - prio | r year | ||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| funds | funds | funds | |
| 2022 | 2022f | 2022f | |
| 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 | 2268,502 |