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2024-04-05-accounts

Kerry Gallagher

18/06/24

UnrestrictedFunds UnrestrictedFunds
2024 2023
Notes £ £
INCOMEFROM:
Donations 150
Investments 2 83,687 68,680
TOTAL 83,837 68,680
EXPENDITUREON:
Raisingfunds
Investmentmanagementcosts 3 (42,737) (58,013)
Charitableactivities
Grantgiving 4 (43,709) (58,189)
TOTAL (86,446) (116,202)
Netgains/(losses)oninvestments 7 251,602 (220,391)
NETINCOME/(EXPENDITURE)AND
NETMOVEMENTINFUNDS 248,993 (267,913)
RECONCILIATIONOFFUNDS
Fundbalancesbroughtforwardat6April2023 4,057,228 4,325,141
FUNDBALANCESCARRIEDFORWARD
AT5APRIL2024 9 4,306,221 4,057,228
BALANCESHEET
asat5April2024 CompanyNumber:00466071
2024 2023
Notes £ £
FIXEDASSETS
Investments 7 4,160,925 3,919,694
CURRENTASSETS
Cashatbankandinhand 152,706 144,434
LIABILITIES
Creditors:Amountsfallingduewithinoneyear 8 (7,410) (6,900)
NETCURRENTASSETS 145,296 137,534
TOTALASSETSLESSCURRENTLIABILITIES&NETASSETS 4,306,221 4,057,228
THEFUNDSOFTHECHARITY
Unrestrictedincomefunds
GeneralFund 9 4,306,221 4,057,228
TOTALCHARITYFUNDS 4,306,221 4,057,228

INVESTMENTS UnrestrictedFunds UnrestrictedFunds
2024 2023
£ £
Incomefrominvestmentslistedonarecognised
stockexchange 83,687 68,680

3. INVESTMENTMANAGEMENTCOSTS UnrestrictedFunds UnrestrictedFunds
2024 2023
£ £
Costsofmaintaininginvestmentproperty 2,631 18,891
Investmentmanagementcharges 40,106 39,122
42,737 58,013
4. GRANTGIVING UnrestrictedFunds
2024 2023
£ £
Grantsmadetoinstitutions:
Insupportoftheagedandthepoor 11,000 17,700
Insupportofeducationandchildren 14,302 23,887
Insupportofreligion 5,750 5,350
Insupportofprisonersandcaptives 8,000 6,500
39,052 53,437
Governancecosts(seenote5) 4,657 4,752
43,709 58,189

GOVERNANCECOSTS Unrestricted Funds
2024 2023
£ £
Independentexaminer'sfee 4,110 4,176
Otheroperatingexpensesofthecharity 547 576
4,657 4,752

INVESTMENTS Investmentslisted Investmentslisted Longleasehold
onarecognised investment Total Total
stockexchange property 2024 2023
£ £
Marketvalueasat
6April2023 3,614,694 305,000 3,919,694 4,144,368
Additionsatcost 502,909 502,909 721,323
Disposalproceeds (513,280) (513,280) (725,606)
Realisedgains/(losses) 32,335 32,335 (20,174)
Unrealisedgains/(losses) 219,267 219,267 (200,217)
Marketvalueasat
5April2024 3,855,925 305,000 4,160,925 3,919,694
Historicalcostasat
5April2024 3,454,675 128,297 3,582,972 3,411,517

Atthebalancesheetdate,themarketvalueofthe 2024 2023
charity'slistedinvestmentportfoliocomprised: £
UKinvestments 1,609,203 1,537,768
Overseasinvestments 2,246,722 2,076,926
3,855,925 3,614,694
Fixedincomesecurities 720,318 614,885
Equities 2,446,226 2,406,212
Unittrustfundsandothersimilarsecurities 689,381 593,597
3,855,925 3,614,694
Atthebalancesheetdate,thefollowingindividualholdingsrepresentedmore Atthebalancesheetdate,thefollowingindividualholdingsrepresentedmore than5%ofthe
marketvalueofthelistedinvestmentportfolio:
2024 2023
£ £
ArtemisFundManagersUSSelectIncomeunits 132,573 260,679
Treasurystock0.875%2033 312,348 199,181
VanguardFundsS&P500units 124,798 99,306
8. CREDITORS 2024 2023
£
Amountsfallingduewithinoneyear:
Accruals 7,410 6,900

Balanceat Balanceat
6April Gains 5April
2023 Income Expenditure investments 2024
£ £ £ £ £
Unrestrictedincome
funds:
GeneralFund 4,057,228 83,837 (86,446)
251,602
4,306,221
Balanceat Balanceat
6April Losseson 5April
2022 Income Expenditure investments 2023
£ £ £ £ £
Unrestrictedincome
funds:
GeneralFund 4,325,141 68,680 (116,202)
(220,391)
4,057,228