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2024-03-31-accounts

SACKVILLE COLLEGE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Registered Charity No: 220488

Sackville College

Financial statements for the year ended 31 March 2024

Information

Trustees Mrs R Crowther
Countess De La Warr
Mr C J Rolley
Mrs A Durrant FCA
Registered Charity Number 220488
Principal Address Sackville College
High Street
East Grinstead
West Sussex
RH19 3BX
Primary Bankers Lloyds TSB Bank Plc
London Road
East Grinstead
West Sussex
CCLA Investment Management Limited
COIF Charity Funds
80 Cheapside
London
EC2V 6DZ
Independent Examiner Darren Harding ACA, FCCA, DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT

1

Sackville College

Report of the Trustees

The trustees of Sackville College have pleasure in presenting the financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Structure, Governance and Management

Sackville College is an almshouse charity founded in 1609 and became a registered charity in 1964. The charity is administered under the Charities (Sackville College, East Grinstead) Order 10 March 1979. (Statutory Instrument No. 284 of 1979).

The Patron, Earl de la Warr, appoints the Warden of the college and other trustees are appointed by the existing trustees. New trustees are given an induction and training is provided to all trustees to help them fulfil their role as and when required.

The trustees in office during the year were: Mrs Rosalind Crowther (Warden), Countess De La Warr (Assistant Warden), Mr Christopher Rolley (Assistant Warden) and Mrs Alexandra Durrant. The charity is run by the trustees who meet on a regular basis throughout the year to discuss both day to day matters, such as the welfare of the residents, and more significant matters, such as investment management and capital expenditure.

Sackville College relies heavily on the support of the warden, the other trustees, and volunteers who give their time to act as guides to show visitors around the college, sell college merchandise and run the college website.

Public benefit, objectives and activities

The trustees are aware of the Charity Commission’s guidance on public benefit and have had regard to it in their administration of the charity. The charity’s objective is to provide housing for the poor and needy of East Grinstead and its environs and it owns 15 flats for this purpose. The college welcomed two new residents during the year and at 31 March 2024 had 11 residents. Since the year end a further flat has been occupied.

The college received 131 visitors for tours during the summer period with a further 313 attending on May Day. Group guided tours remain popular and the college hosted these tours for 212 visitors. In addition a number of local groups hired the facilities for their events.

During the year the college continued to run fundraising events including concerts, talks and special Christmas events which were well supported.

2

Sackville College

Report of the Trustees (continued)

Achievements

The trustees have continued to update flats as they become vacant and all resident flats are now in good decorative order and adhere to health and safety requirements.

Maintenance Work

Our 4 yearly Quinquennial Inspection identified a number of building repairs which have been addressed. The less urgent repairs will be completed before the next inspection. The college rewiring was completed during the year to 31 March 2024.

The college is situated in the town’s conservation area and subject to TPO. The trees have been inspected and following the necessary permissions, maintenance work has been carried out in the current year to 31 March 2025.

Service Provision

The college residents held a number of social events during the year and regularly meet in the common room for: tea, coffee, fish and chips evenings and birthday celebrations. Weather permitting the residents used the barbeque and garden dining furniture to enjoy summer evenings sitting together outside in the beautiful garden. The chapel services take place on a regular basis during the year.

Governance Review

The trustees have reviewed the Governance Policy and Practice and undertaken an active role in all aspects of the college. The resident’s handbook has been updated. Trustees regularly check the Almshouse Association website for guidance on policies and changes/new regulations.

Reserves Policy

The general fund is for the day to day running of the charity and normal maintenance and repairs of the building. The extraordinary repair fund is a reserve set aside to cover the costs of future major repair work to the college and other property belonging to the charity, as and when required.

The trustees reserves policy is to maintain a general reserve of a minimum of three months normal running expenditure plus routine maintenance costs in liquid funds, cash, bank and investments. If, at the year end, general reserves are in excess of this the balance will be transferred into the Extraordinary Reserve to increase the funds available for future major repairs.

3

Sackville College

Report of the Trustees (continued)

Investment Policy

Investments are held for their capital growth and the income is used to help meet the charity’s general running costs.

Financial Review

At 31 March 2024 the charity held investments valued at £292,140 (2023 - £293,875) and bank deposits of £160,673 (2023: £135,714).

During the year ending 31 March 2024, the charity

Three flats were vacant all year, with another resident transferring from one flat to another during the year. Had every flat been occupied all year, a further £25,490 weekly maintenance contributions would have been received.

Included in property management expenditure is essential major repair and maintenance work of £34,001 (2023: £55,132) of which £21,094 was for major repairs.

Risk Management

The trustees are aware of the risks the charity may face and have established procedures to mitigate known risks where possible. The trustees are confident Sackville College will fulfil all their financial liabilities and charity obligations.

………………………………… Mrs R Crowther Warden and Chairman of Trustees

………………………………… Mrs Alexandra Durrant FCA Trustee

Date: ………….…………… 2024

4

Sackville College

Independent Examiner's Report to the Trustees of Sackville College

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 6 to 16.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

|I understand that this has been done in order for the charity’s financial statments to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT

Date: ………………………….

5

Sackville College

(Registered Charity number: 220488) Statement of Financial Activities for the Year Ended 31 March 2024

Note
Incoming Resources:
Donations and legacies
3
Charitable activities
3
Other trading activites
3
Investments
3
Total
Resources Expended:
Expenditure on:
Charitable activities
4
Total
Net income/(expenditure) before investment
gains/losses
Net gains/(losses) on investments
8
Net income/(expenditure)
Transfer between funds
11
Net movement in funds
Total funds brought forward
11
Total funds carried forward
11		 Unrestricted Designated
Restricted
Total
£
£
£
36,806
11,500
48,306
76,364
76,364
9,115
9,115
5,513
15,607
21,120
127,798
15,607
11,500
154,905
104,846
21,094
125,940
104,846
21,094
-
125,940
22,952
(5,487)
11,500
28,965
(2,611)
(2,611)
22,952
(8,098)
11,500
26,354
(15,000)
15,000
-
7,952
6,902
11,500
26,354
49,326
375,509
8,924
433,759
57,278
382,411
20,424
460,113		 Prior year
£
12,907
68,280
7,842
17,437
106,466
137,867
137,867
(31,401)
(15,934)
(47,335)
-
(47,335)
481,094
433,759

The notes form part of these financial statements

6

Sackville College

(Registered Charity number: 220488) Statement of Financial Activities for the Year Ended 31 March 2024 (continued)

Prior Year
Note
Incoming Resources:
Donations and legacies
3
Charitable activities
3
Other trading activites
3
Investments
3
Total
Resources Expended:
Expenditure on:
Charitable activities
4
Total
Net income/(expenditure) before investment
gains/losses
Net gains/(losses) on investments
8
Net income/(expenditure)
Transfer between funds
11
Net movement in funds
Total funds brought forward
11
Total funds carried forward
11		 Unrestricted Designated
Restricted
Total
£
£
£
12,907
-
-
12,907
68,280
-
-
68,280
7,842
-
-
7,842
17,437
-
-
17,437
106,466
-
-
106,466
137,867
-
-
137,867
137,867
-
-
137,867
(31,401)
-
-
(31,401)
-
(15,934)
-
(15,934)
(31,401)
(15,934)
-
(47,335)
(15,000)
15,000
-
-
(46,401)
(934)
-
(47,335)
95,727
376,443
8,924
481,094
49,326
375,509
8,924
433,759

The notes form part of these financial statements

7

Sackville College (Registered Charity number: 220488) Statement of Changes in Reserves for the Year Ended 31 March 2024

Brought forward 31 March 2022
Surplus/(deficit) for the year
Transfer between funds
Revaluation of investments
At 31 March 2023
Surplus/(deficit) for the year
Transfer between funds
Revaluation of investments
At 31 March 2024		 Income &
Expenditure
Reserve
£
95,727
(31,401)
(15,000)
49,326
22,952
(15,000)
57,278		 Extraordinary
Repairs Reserve
(designated)
£
376,443
15,000
(15,934)
375,509
(5,487)
15,000
(2,611)
382,411		 Extraordinary
Repairs Reserve
(restricted)
£
8,924
8,924
11,500
20,424		 Total
£
481,094
(31,401)
-
(15,934)
433,759
28,965
-
(2,611)
460,113

The notes form part of these financial statements

8

Sackville College (Registered Charity number: 220488) Balance Sheet for the Year Ended 31 March 2024

Note
Fixed Assets
Tangible Fixed Assets
7
Investments
8
Current Assets
Trade and other debtors
9
Cash and cash equivalents
Creditors: amounts falling due within one year
10
Net Current Assets
Total Net Assets
Reserves:
Income & Expenditure Reserve
11
Extraordinary Repairs Reserve (designated)
11
Extraordinary Repairs Reserve (restricted)
11
Total Reserves		 £
£
3,992
292,140
8,034
160,673
168,707
(4,726)
163,981
460,113
57,278
382,411
20,424
460,113
2024		 £
£

5,733

293,875
7,364
135,714
143,078
(8,927)

134,151

433,759

49,326

375,509

8,924

433,759
2023

These financial statements were approved by the trustees on ….......September 2024 and signed on their behalf by:

Mrs R Crowther Warden and Chairman of Trustees

Mrs Alexandra Durrant Trustee

The notes form part of these financial statements

9

Sackville College (Registered Charity number: 220488)

Notes to the Financial Statements for the Year Ended 31 March 2024

1) Constitution

Sackville College is an Almshouse Charity, administered under the Charities (Sackville College, East Grinstead) Order 1979 (Statutory Instrument No. 284 of 1979). The charity is a public benefit entity.

2) Principal Accounting Policies

a) Preparation of the Financial Statements

The financial statements have been prepared in accordance with applicable UK accounting standards and follow the recommendations in Accounting & Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (the Charities SORP (FRS 102). The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cashflows. The financial statements are prepared in sterling, which is the functional currency of the charity. The finanical statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The finanical statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view.

b) Going Concern

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months after the date on which this report and financial statements were signed. For this reason it continues to adopt the going concern basis in these financial statements.

c) Investment Income

Income from investments is included in the financial statements of the accounting period in which it is received.

d) Heritage Asset

Sackville College was constructed between 1609-1619 and there is no record of the original cost and no value attributed thereto. The property comprises almshouses, which provide accommodation for the elderly residents and ancillary buildings which are used to generate income in accordance with the objectives of the charity. The freehold property is regarded as an inalienable and heritage asset and the trustees consider there is no valuation method that is appropriate or relevant under FRS102 section 234. The trustees undertake regular maintenance work to ensure the asset is in good repair and so consider that the value will not be impaired over the coming years. The buildings and contents are insured for a sum in excess of £9 million.

e) Tangible Fixed Assets

Assets with a purchase price in excess of £500 are capitalised, other assets are included in the Statement of Financial Activities. Cost includes costs directly attributable to making the asset capable of operating as intended such as the cost of acquiring land and buildings, development costs, interest charges on loans during the development period. Expenditure on improvements will only be capitalised when it results in incremental future benefits such as increasing rental income, reducing maintenance costs or resulting in a significant extension of the useful economic life of the property.

The tangible fixed assets are depreciated on a straight line basis over their estimated useful lives of:

3 years - computer equipment

5 years - fixtures and fittings

10 years - other equipment

10

Sackville College (Registered Charity number: 220488) Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

2) Principal Accounting Policies (continued)

f) Investments

Investments are stated at market value at the balance sheet date.

Movements in the market value of investments are included in the Statement of Financial Activities.

g) Grants and Donations

Grants are accounted for on a matching basis with grants towards major repairs being treated as income in the accounting period in which the related expenditure is incurred. Donations are accounted for when received.

Donated goods are recognised in the Statement of Financial Activities where material, by estimating the value of the goods donated and recognising both the donation and the cost of the goods. However, it is not considered practicable to value volunteer time and this is not recognised in the Statement of Financial Activities.

h) Weekly Maintenance Contributions

Weekly maintenance contributions are recognised in the financial statements in the accounting period to which they relate.

i) Expenditure

Expenditure is charged in the financial statements on an accruals basis. Repairs and maintenance to premises are charged to current expenditure on an accruals basis.

j) VAT

Sackville College is not registered for VAT. In these financial statements, where applicable, expenditure is shown inclusive of VAT.

k) Extraordinary Repairs Reserve

This revenue reserve represents amounts set aside to carry out future major repairs.

l) Legacies

Legacies are recognised in the financial statements at the earlier of the date when there is sufficient evidence to provide the necessary certainty that a legacy will be received and the value can be measured with sufficient reliability, or the date when they are actually received, in accordance with paragraphs 5.29 to 5.37 of the Charities SORP (FRS 102).

m) Debtors and Creditors Receivable /Payable Within One Year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities in resources expended.

n) Employee Benefits

Short-term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred.

o) Financial Instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financcial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

11

Sackville College (Registered Charity number: 220488)

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

2) Principal Accounting Policies (continued)

o) Financial Instruments (continued)

Basic financial assets other than listed investments, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial assets also include listed investments. These are accounted for as described in (f) above.

Basic financial liabilities, including trade creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

p) Judgement and Key Sources of Estimation and Uncertainty It is the trustees' judgement that the land and buildings comprising Sackville College are a heritage asset, which has not been recognised in the balance sheet as noted under (d) above.

No material estimates have been made in the course of preparing these financial statements.

3) Turnover

Donations and Legacies:
Donations
Legacies
Charitable Activities:
Weekly maintenance contributions recievable
Other Trading Activities:
Events & room hire
Visitors fees and booklets
Sundry income
Interest Receivable and Other Income
Income from investments
Bank deposit interest
Total turnover		 2024
£
14,328
33,978
48,306
76,364
76,364
5,559
3,456
100
9,115
15,607
5,513
21,120
154,905		 2023
£
2,907
10,000
12,907
68,280
68,280
7,304
516
22
7,842
15,240
2,197
17,437
106,466

12

Sackville College

(Registered Charity number: 220488)

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

4) Expenditure

Expenditure on Charitable Activities
Salaries
Water and council tax
Garden, cleaning & household expenses
Telephone
Depreciation, tangible fixed assets
Extraordinary & general repairs & maintenance
Light and heat
Support costs
Support costs comprise of:
Events costs and goods for resale
Printing, postage, stationery & publicity
Insurance
Ex-gratia payments to residents
Independent examiner & accountancy fees
Audit fees
Sundry expenses
Bank charges
Professional services
Donations
Included in charitable activities expenses were staff costs:
Wages and salaries
Social security costs
Employer pension contributions		 2024
£
31,071
14,889
6,278
2,215
1,741
34,001
17,926
17,819
125,940
2024
£
2,302
766
7,516
550
2,796
0
988
251
2,630
20
17,819
2024
£
30,568
139
364
31,071		 2023
£
29,381
9,312
3,772
1,907
1,644
55,132
21,628
15,091
137,867
2023
£
1,042
206
6,722
400
3,642
1,500
1,249
310
0
20
15,091
2023
£
29,071
0
310
29,381

The average number of employees during the year was 2 (2023: 2). No employee received emoluments in excess of £60,000 and there were no key management personnel in either year.

None of the trustees received any emoluments in the year.

The warden of Sackville College, Mrs Crowther, who is one of the trustees, is required to live on site. The college provides the warden with living accommodation and pays the related council tax. The trustees consider this benefit would have an estimated monetary value of £16,750.

13

Sackville College

(Registered Charity number: 220488)

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

5) Surplus/(Deficit) for the Year

5) Surplus/(Deficit) for the Year
2024 2023
£ £
This is stated after charging:
Depreciation, owned tangible fixed assets 1,741 1,644
Independent examiners fee 1,500
Auditor's remuneration 1,500
Accountancy fees for other services 1,296 3,642

6) Taxation

Sackville College is a registered charity and is therefore exempt from liability to taxation on its income and capital gains.

7) Tangible Fixed Assets
Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for year
Eliminated on disposal
At 31 March 2024
Net Book Value
At 31 March 2024
At 31 March 2023		 Equipment
£
10,722
0
0
10,722
4,989
1,741
0
6,730
3,992
5,733

14

Sackville College (Registered Charity number: 220488)

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

8) Fixed Asset Investments

Quoted investments
Extraordinary
Repairs Reserve
Total
(designated)
2024
£
£
Cost at 1 April 2023
114,032
114,032
Accumulated income
876
876
At 31 March 2024
114,908
114,908
Market Value
292,140
292,140
£
Market value at 1 April 2023
293,875
Accumulated income
876
Revaluation
(2,611)
Market value at 31 March 2024
292,140
9) Debtors
2024
£
Other debtors
139
Prepayments and accrued income
7,895
8,034
10) Creditors, amounts falling due within one year
2024
£
Trade creditors
996
Tax and social security
-
Accruals & deferred income
3,660
Sundry creditors
70
4,726
11) Reconciliation of Movement on Funds
Extraordinary
Income &
Extraordinary
Repairs Reserve
Expenditure
Repairs Reserve
(designated)
Reserve
(restricted)
£
£
£
Brought forward 2023
375,509
49,326
8,924
Surplus/(Deficit) for the year
(8,098)
22,952
11,500
Transfer between funds
15,000
(15,000)
-
At 31 March 2024
382,411
57,278
20,424		 Total
2023
£
113,331
701
114,032
293,875
2023
£
541
6,823
7,364
2023
£
4,022
540
4,255
110
8,927
Total
£
433,759
26,354
-
460,113

15

Sackville College

(Registered Charity number: 220488)

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

11) Reconciliation of Movement on Funds (continued)

The Extraordinary Repairs Reserve is maintained for the purpose of providing for the extraordinary repair, improvement or rebuilding of the college. Funds have arisen from two sources - investments (see Note 8) which are designated by the trustees to this reserve plus certain donations and legacies have been treated by the trustees as restricted for use on major repairs. During the year the funds were applied to the following larger projects:

----- Start of picture text -----
£
Upgrade of electrics 8,448
Roof repair 5,240
Refurb of flats 4,868
18,556
----- End of picture text -----

12) Financial Commitments

There were no financial commitments as at 31 March 2024 for major repairs beyond 1 April 2024 (2023: £NIL).

13) Analysis of Net Assets between Funds

Extraordinary
Repairs Reserve
(designated)
£
Fixed Assets
-
Investments
292,140
Current Assets
90,271
Current Liabilities
-
At 31 March 2024
382,411		 Income &
Extraordinary
Expenditure
Repairs Reserve
Reserve
(restricted)
£
£
3,992
-
-
-
58,012
20,424
(4,726)
-
57,278
20,424		 Total
£
3,992
292,140
168,707
(4,726)
460,113

14) Related Party Transactions

No expenses were reimbursed to the trustees other than routine expenses incurred whilst acting as agents for the college.

15) The Register of Social Housing Providers

With effect from 6 September 2023 the charity deregistered from The Register of Social Housing Providers.

16) APB Ethical Standards

In common with many other organisations of our size and nature, we use our independent examiners to assist with the preparation of the monthly payroll.

16

Sackville College (Registered Charity number: 220488)

General Income and Expenditure Account for the Year Ended 31 March 2024 (Information for the Trustees only)

Income
Donations
Legacies
Sundry income
Events & room hire
Visitors fees and booklets
Income from investments - net
Interest receivable
General management expenses
Events costs and goods for resale
Printing, postage, stationery & publicity
Insurance
Ex-gratia payments to residents
Independent examiner & accountancy fees
Audit fee 2023
Sundry expenses
Bank charges
Professional services
Donations
Surplus for the year		 £
£
14,328
33,978
100
5,559
3,456
57,421
15,607
5,513
21,120
78,541
2,302
766
7,516
550
2,796
-
987
251
2,630
20
17,818
60,723
2024		 £
£
2,907

10,000

22
7,304
516

20,749
15,240
2,197

17,437

38,186
1,042
206
6,722
400
3,642
1,500
1,249
310
-
20

15,091

23,095
2023

17

Sackville College (Registered Charity number: 220488) Property Revenue Account for the Year Ended 31 March 2024

(Information for the Trustees only)

2024 2023
£ £ £ £
Income
Weekly maintenance contributions receivable 76,364 68,280
Expenditure
Property management expenses
Salaries
Water and council tax
Garden, cleaning & household expenses
Telephone
Depreciation, tangible fixed assets
Extraordinary & general repairs & maintenance
Light and heat
Total expenditure
Deficit for the Year		 31,071
14,889
6,278
2,215
1,741
56,194
34,001
17,926

108,121
(31,757)		 29,381
9,312
3,772
1,907
1,644
46,016
55,132
21,628
122,776
(54,496)

18

Sackville College

(Registered Charity number: 220488) Schedule of Investments for the Year Ended 31 March 2024

(Information for the Trustees only)

Quoted
2,205.101
Blackrock Charities UK Equity Fund
Income Units
1,015.757
Blackrock Charities UK Equity Fund
Accumulation Units
15,538.899
M & G Charifund - Income Units
25,936
M & G Charity Multi Asset Fund
Income Units
At 31 March 2024
At 31 March 2023		 Cost
£
4,496
8,958
94,374
7,080
£114,908
£114,032		 Market
Value
£
16,084
26,218
226,259
23,578
£292,140
£293,875

19