| Page | |||
|---|---|---|---|
| Report ofthe Trustees | I | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | i4 | to | 15 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | fund | funds | funds | |||||
| Notes | ||||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies |
19,346 | 19,346 | 55,755 | |||||
| Investment income |
107,264 | 2,445 | 109,709 | 99,200 | ||||
| Total | 126,610 | 2,445 | 129,055 | 154,955 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 17,696 | 258 | 17,954 | 19,046 | ||||
| Charitable activities |
||||||||
| Other donations and |
bequests | 125,272 | 125,272 | 139,107 | ||||
| Total | 142,968 | 258 | 143226 | 158,153 | ||||
| iNet gains/(losses) on |
investments | 111,679 | 1,460 | 113,139 | ~400,511i | |||
| NET INCOME/(EXPENDITURE) | 95,321 | 3,647 | 98,968 | (403,709) | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 3,096,076 | 56,886 | 3,152,962 | 3,556,67] | |||
| TOTAL FUNDS CARRIED FORWARD | 3,191397 | 60,533 | 3 251,930 | 3 152,962 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Investments | 12 | 3,188,052 | 69,035 | 3,257,087 | 3,130,452 |
| CURRENT ASSETS | |||||
| Debtors Cash at bank and in hand |
13 | 24,268 | ~8,502) | 15,766 | 25,904 17,107 |
| 24,268 | (8,502) | 15,766 | 43,011 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (20,923) | (20,923) | (20,501) | |
| NET CURRENT ASSETS | 3,345 | ~8,502) | ~5,157) | 22,510 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 3,191,397 | 60,533 | 3,251,930 | 3,152,962 | |
| NET ASSETS | 3,191,397 | 60,533 | 3251,930 | 3,152,962 | |
| FUNDS | 15 | ||||
| Unrestricted funds |
3,191,397 | 3,096,076 | |||
| Restricted funds |
60,533 | 56 886 | |||
| TOTAL FUNDS | 3,251,930 | 3,152,962 |
| 2. | DONATIONS AND LEG |
ACIES | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Donations and gifts |
10,166 | 55,755 | |||
| Gift aid | 9,180 | ||||
| 19,346 | 55,755 | ||||
| 3. | INVESTMENT INCOME | ||||
| 2023 | 2022 | ||||
| Dividends and interest |
109,709 | 99,200 | |||
| 4. | RAISING FUNDS | ||||
| Investment management |
costs | ||||
| 2023 | 2022 | ||||
| Portfolio management | 17,954 | 19,046 | |||
| 5. | CHARITABLE ACTIVITIES COSTS | ||||
| Direct | Support | ||||
| Costs (see | costs (see | ||||
| note 6) | note 7) | Totals | |||
| Other donations and bequests |
64,712 | 1,259 | 65,97] | ||
| 6. | DIRECT COSTS OFCHARITABLE ACTIVITIES | ||||
| 2023 | 2022 | ||||
| Scholarships | 29,761 | 56,999 | |||
| Assistance to Liverymen |
273 | 1,125 | |||
| Dining scholars | 125 | 2,202 | |||
| General and church grants |
1,200 | 2,500 | |||
| Beloe Fellowship | 10,000 | 5,000 | |||
| Service awards and dinners |
190 | 12,770 | |||
| Dining subsidy | 2,838 | ||||
| Cutters | 9,871 | ||||
| Primary Engineers |
10,390 | ||||
| 64,648 | ~80 596 |
| SUPPORT | COSTS | ||||
|---|---|---|---|---|---|
| Governance | |||||
| Management | costs | Totals | |||
| Grants payable | 59,365 | ],259 | 60,624 | ||
| Support costs, included | in the above, are as follows: | ||||
| 2023 | 2022 | ||||
| Grants | Total | ||||
| payable | activities | ||||
| Wages | 42,397 | 42,398 | |||
| Office costs | 8,727 | 3,783 | |||
| Apprentice | coordinator fees | 5,600 | |||
| Independent | examination | fee | 3,900 | 3,800 | |
| 60,624 | 58,511 | ||||
| NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated aAer charging/(crediting): | ||||
| 2023 | 2022 | ||||
| Independent | examination | fee | 3,900 | 3,800 |
| STAFFCOSTS | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Wages and salaries | 42,397 | ~50 928 | |||
| 42,397 | 50,928 | ||||
| The average monthly | number ofemployees | during | the year was as follows: | ||
| 2023 | 2022 | ||||
| 2 | 2 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Fixtures | |
| and | |
| fittings | |
| COST | |
| At 1stOctober 2022 and | |
| 30th September 2023 | ~2407 |
| DEPRECIATION | |
| At 1stOctober 2022 and | |
| 30th September 2023 | 2,407 |
| NET BOOK VALUE | |
| At 30th September 2023 | |
| At 30th September 2022 |
| FIXEDASSETINVESTMENTS | |||
|---|---|---|---|
| Cash and | |||
| Listed | settlements | ||
| investments | pending | Totals | |
| MARKET VALUE | |||
| At 1stOctober 2022 | 3,020,345 | 110,107 | 3,130,452 |
| Additions | 379,621 | 452,108 | 831,729 |
| Disposals | (344,279) | (494,575) | (838,854) |
| Revaluations | ]33,760 | 133760 | |
| At 30th September 2023 | 3,189,447 | 67,640 | 3,257 087 |
| NET BOOK VALUE | |||
| At 30th September 2023 | 3,189,447 | 67,640 | 3,257,087 |
| At 30th September 2022 | 3,020,345 | 110,107 | 3,130452 |
| Investments | that are m | aterial to the investment, portfolio ar |
e detailed as follows: |
|
|---|---|---|---|---|
| 2023 | 2022 | |||
| JP Morgan | Fund | 180,029 | 190,369 | |
| Mercantile | Investment | PlcNatixis | 163,072 | 167,580 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Amounts | owed | by group undertakings | 25,904 | |||
| 14. | CREDITORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||||
| Amounts | owed | to group undertakings | 17,023 | |||
| Other creditors | 16,859 | |||||
| Accruals | and deferred | income | ~3900 | 3,642 | ||
| 20,923 | 20,501 | |||||
| 15. | MOVEMENT | IN FUNDS | ||||
| Net | ||||||
| At | movement | At | ||||
| 1.10.22 | in funds | 30.9.23 | ||||
| Unrestricted funds |
||||||
| General | fund | 3,096,076 | 95,321 | 3,191,397 | ||
| Restricted funds |
||||||
| Cohen fund | 56,886 | 3,647 | 60,533 | |||
| TOTAL | FUNDS | 3,152,962 | 98,968 | 3,251,930 |
| 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 |
126,610 | (142,968) | 1 11,679 | 95,321 | |
| Restricted funds |
|||||
| Cohen fund | 2,445 | (258) | 1,460 | 3,647 | |
| TOTAL FUNDS | 129,055 | ~143 226) | 113139 | 98,968 |
| MOVEMENT | IN FUNDS - | continued | |||
|---|---|---|---|---|---|
| Comparatives | for movement | in funds | |||
| Net | |||||
| At | movement | At | |||
| 1.10.21 | in funds | 30.9.22 | |||
| Unrestricted | funds | ||||
| General fund |
3,476,886 | (380,810) | 3,096,076 | ||
| Restricted funds |
|||||
| Cohen fund | 79,785 | (22,899) | 56,886 | ||
| TOTAL FUNDS | 3,556671 | ~403,709) | 3,152,962 |
| Comparative | net movement in funds |
, included in the above are a |
s follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund |
]52,916 | (157,881) | (375,845) | (380,810) | |
| Restricted | funds | ||||
| Cohen fund | 2,039 | (272) | (24,666) | (22,899) | |
| TOTAL FUNDS | 154955 | ~158,153) | L400,5111) | ~403,709) |
| A current ye | ar 12 months and prior year 12 |
months combined position is as foll |
ows: | |
|---|---|---|---|---|
| Net | ||||
| At | movement | At | ||
| 1,10.22 | in funds | 30.9.23 | ||
| K | ||||
| Unrestricted | funds | |||
| General fund |
3,476,886 | (285,489) | 3,191,397 | |
| Restricted | fuuds | |||
| Cohen fund | 79,785 | (19,252) | 60,533 | |
| TOTAL FUNDS | 3,556,671 | ~304,741) | 3,251,930 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund |
279,526 | (300,849) | (264,166) | (285,489) | |
| Restricted funds |
|||||
| Cohen fund | 4,484 | (530) | (23,206) | (19,252) | |
| TOTAL FUNDS | 284,010 | ~301,379) | ~287,372) | ~304,741) |
| 2023 | 2022 | ||
|---|---|---|---|
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations and gifts |
10,166 | 55,755 | |
| GiA aid | 9,180 | ||
| 19,346 | 55,755 | ||
| Investment income |
|||
| Dividends and interest |
109,709 | 99,200 | |
| Total incoming resources |
129,055 | 154,955 | |
| EXPENDITURE | |||
| Investment management |
costs | ||
| Portfolio management | 17,954 | 19,046 | |
| Charitable activities |
|||
| Scholarships | 29,761 | 56,999 | |
| Assistance to Liverymen | 273 | 1,125 | |
| Dining scholars General and church grants |
125 1,200 |
2,202 2,500 |
|
| Beloe Fellowship | 10,000 | 5,000 | |
| Service awards and dinners |
190 | 12,770 | |
| Dining subsidy | 2,838 | ||
| Cutters | 9,871 | ||
| Primary Engineers |
10,390 | ||
| 64,648 | 80,596 | ||
| Support costs | |||
| Management Wages Office costs |
42,397 8,727 |
50,928 3,783 |
|
| Apprentice coordinator |
fees | 5,600 | |
| 56,724 | 54,711 | ||
| Governance costs |
|||
| Independent examination |
fee | 3,900 | 3,800 |
| 6,859 | 3,800 | ||
| Total resources expended | 143,226 | 158,153 | |
| Net expenditure before |
gains and losses | (14,17i) | (3,198) |
| 2023 | 2022 | ||
|---|---|---|---|
| Realised recognised Realised gains/(losses) |
gains and losses on fixed asset investments |
~20621) | ~53 173) |
| Net expenditure | ~34 792) | ~56,371) |