| Unrestricted | Endowment | Tota! Funds | Totai Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | Fund | Fund | 2023 | 2022 | ||||
| E | ||||||||
| Income and endowments | ||||||||
| Investment Income: |
||||||||
| Dividends - UK &Overseas |
Equities | 8,362 | 22,703 | 31,065 | 31,339 | |||
| Interest- UK 8 Overseas |
Fixed!nterest | 4,561 | 12,433 | 16,994 | 12,10'i | |||
| Interest on cash deposits | 486 | 449 | 935 | |||||
| Donations | 3,540 | 3,540 | 120 | |||||
| Gift Aid | 2,172 | 2,172 | ||||||
| Total income | 19,121 | 35,585 | 54,706 | 43,560 | ||||
| Expenditure | ||||||||
| Cost of raising funds: | ||||||||
| Investment management |
costs | 2,381 | 6,318 | 8,699 | 6,894 | |||
| Expenditure on charitabie |
activities: | |||||||
| Conference | 3,683 | |||||||
| Grants to institutions | 121,750 | 121,750 | 105,250 | |||||
| Support costs | 7,653 | 7,652 | 15,305 | 14,310 | ||||
| Total expenditure | 131,784 | 13,970 | 145,754 | 130,137 | ||||
| Net (expenditure)/income | ||||||||
| before investment gains/(losses) |
(112,663) | 21,615 | (91,048) | (86,577) | ||||
| Net (losses)/gains on investments |
12,545 | 40,761 | 53,306 | (328,803) | ||||
| Net income/(expenditure) | (100,118) | 62,376 | (37,742) | (415,380) | ||||
| Transfers between funds |
86,933 | (86,933) | ||||||
| Net movement in funds |
(13,185) | (24,557) | (37,742) | (415,380) | ||||
| Reconciliation offunds |
||||||||
| Total funds brought forward |
405,745 | 1,065,585 | 1,471,330 | 1,886,710 | ||||
| Total funds carried forward | F392,560 | E1,041,028 | 61,433,588 | E1,471,330 |
| Notes | 2023 | 2022 | |
|---|---|---|---|
| FIXEDASSETS | |||
| investments | 1,418,492 | 1,465,884 | |
| CURRENT ASSETS | |||
| Debtors | 1,660 | ||
| Cash at bank - current account | 15,380 | 7,342 | |
| 17,040 | 7,342 | ||
| UABILITIES | |||
| Creditors: amounts falling due within one year |
1,944 | 1,896 | |
| NET CURRENT ASSETS | 15,096 | 5,446 | |
| TOTAL ASSETSLESSCURRENT LIABILITIES | 1,433,588 | 1,471,330 | |
| Provisions for liabilities and charges |
|||
| NET ASSETS | 10 | P1,433,588 | E1,471,330 |
| The funds ofthe Charity Endowment funds —Permanent |
1,041,028 | 1,065,585 | |
| Unrestricted income funds |
392,560 | 405,745 | |
| TOTAL CHARITY FUNDS | E'l,433,588 | Z1,471,330 |
| Unrestricted | Endowment | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| Fund | Fund | 2022 | ||||||
| Dividends | - | UK and Overseas | Equities | 8,566 | 22,?84 | 31,339 | ||
| Interest - UK And Overseas | Fixed Interest | 3,243 | 8,858 | 12,'l01 | ||||
| interest on | cash deposits | |||||||
| 11,798 | 31,642 | 43,440 | ||||||
| UPPORT | COSTS | |||||||
| 2023 | ||||||||
| Secretary's | honorarium | and | expenses | 11,569 | 10,355 | |||
| Office rent | 750 | |||||||
| Room hire | and sundry | 786 | 377 | |||||
| Governance | ||||||||
| Trustees' | expenses | 1,006 | 932 | |||||
| Auditor's | remuneration | 1,944 | 1,896 | |||||
| 15,305 | 14,310 |
| he types of inve | stments held at 31 De |
cember 2023 and 2022 a | nd their market values w | ere: |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Shares in public |
limited companies | 625,743 | 692,230 | |
| Unit Trusts | 363,859 | 365,872 | ||
| Fixed Interest | 401,816 | 388,473 | ||
| 1,391,418 | 1,446,575 | |||
| Cash held by Quilter Cheviot | 27,074 | 19,309 | ||
| E1,418,492 | E1,465,884 | |||
| Historica! cost | R1,153,245 | K1,165,473 | ||
| The investments | are held in the UK. | |||
| The movement | in market value during | the year was: | ||
| Market value at | 1 January 2023 | 1,465,884 | 1,880,582 | |
| Disposals at cost | (194,263 | (152,233} | ||
| Acquisitions at cost |
174,270 | 42,478 | ||
| Change in value |
in the year | {35,164) | {301,086) | |
| Increasel(Decrease) in cash awaiting |
investment | 7,765 | (3,857) | |
| Market value at | 31 December 2023 | E1,418,492 | F1,465,884 |
| The investment fund |
and application | oftotal | return to | 2023 | |
|---|---|---|---|---|---|
| permanent endowment funds: |
|||||
| Unapplied total return Add: Investment return: Dividends and interest |
865,585 35,585 |
1,175,792 31,642 |
|||
| Realised and | unrealised gainsi(losses) |
40,761 | (244,795) | ||
| 941,93'I | 962,639 | ||||
| Less: Investment management costs Support costs |
(6,318) (7,652) |
(5,012) (7,155) |
|||
| Unapplied total return |
before transfer | to income | 927,691 | 950,472 | |
| Less: Unapplied total |
return applied |
(86,933) | (84,887,': | ||
| Subtotal: Unapplied |
total return as at 3'I December 2023 | 841,028 | 865,585 | ||
| Origina! value ofgift | 200,000 | 200,000 | |||
| Permanent endowment including unapplied |
total return as at | D,041,028 | P1,065,585 | ||
| 31 December 2023 |
| ROVISIONS | FOR | LIABILI | TIES AND | CHARGES | |||
|---|---|---|---|---|---|---|---|
| Charitable | |||||||
| Commitments | |||||||
| Accrued | |||||||
| 2023 | 2022 | ||||||
| E | E | ||||||
| Ilateriai provisions | and movement | in provisions | during the year | ||||
| Commitments | outstanding | at 1 January 2023 | |||||
| New commitments | charged | to the SOFA in the year | 121,750 | 105,2=0 | |||
| Grants paid | in the year | (121,750) | (105,250) | ||||
| Amount ofthe commitments | at 31 December 2023 | ENil |
| NALYSIS OF NETASSETS BETItiE | EN FUNDS | ||
|---|---|---|---|
| Unrestricted | Endowment | ||
| Fund | Fund | ||
| Investments | 377,464 | 1,041,028 | 1,418,492 |
| Current assets | 17,040 | 17,040 | |
| Creditors | (1,944) | (1,9I4) | |
| F392,560 | E1,041,028 | F1,433,588 |
| omparative information for the analys llows: |
is of net assets between funds in the |
previous year i | s as |
|---|---|---|---|
| Unrestricted | Endowment | ||
| Fund | Fund | Totai | |
| F | |||
| Investments | 400,299 | 1,065,585 | 1,465, 88:-". |
| Current assets | 7,342 | 7,342 | |
| Creditors | (1,896) | (1,896) | |
| F405,745 | E1,065,585 | E1,47'l, 330 |