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||||||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|
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||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|
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|||||||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|
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|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|
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|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||||||
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|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||
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|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|