| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | I | to | 2 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial | Statements | 6 | to | 11 |
| Detailed Statement ofFinancial Activities | 12 | to | 13 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | Total funds | |||
| Notes | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
10,251 | 449 | ||
| Other trading activities | 28,578 | 1,989 | ||
| Investment income |
20,671 | 20,163 | ||
| Total | 59,500 | 22,601 | ||
| EXPENDITURE ON | ||||
| Raising funds | 25,900 | 6,251 | ||
| Charitable activities |
||||
| Financial assistance |
25,400 | 15,700 | ||
| Other | 1,063 | 3,710 | ||
| Total | 52,363 | 25,661 | ||
| Net gains/(losses) on investments |
(19,853) | 47,903 | ||
| NKT INCOME/(EXPENDITURE) | (12,716) | 44,843 | ||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward |
693,995 | 649,152 | ||
| TOTAL FUNDS CARRIED FORWARD | 681,279 | 693,995 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | Total funds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Investments | 564,186 | 611,905 | ||
| CURRENT ASSETS | ||||
| Debtors | 2,850 | 530 | ||
| Cash at bank | 114,922 | 82,208 | ||
| 117,772 | 82,738 | |||
| CREDITORS | ||||
| Amounts falling due within |
one year | (679) | (648) | |
| NKT CURRENT ASSETS | 117,093 | 82,090 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 681,279 | 693,995 | ||
| NET ASSETS | 681,279 | 693,995 | ||
| FUNDS | 10 | |||
| Unrestricted funds |
681,279 | 693,995 | ||
| TOTAL FUNDS | 681,279 | 693,995 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| The annual | banquet | 23,466 | ||
| Annual | dinner dance | 3,145 | 300 | |
| Golf | 1,967 | 1,689 | ||
| 28,578 | 1,989 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Dividends | and interest on | securities | 20,594 | 20,157 | ||
| Deposit account interest | 77 | 6 | ||||
| 20,671 | 20,163 | |||||
| 4. | RAISING | FUNDS | ||||
| Other trading activities |
||||||
| 2022 | 2021 | |||||
| The annual | banquet | 15,726 | ||||
| Annual dinner dance |
4,131 | |||||
| Golf | 1,985 | 2,096 | ||||
| 21,842 | 2,096 | |||||
| Investment | management | costs | ||||
| 2022 | 2021 | |||||
| Portfolio management | 4,058 | 4,155 | ||||
| Aggregate | amounts | 25,900 | 6,251 | |||
| 5. | TRUSTEES' REMUNERATION | AND BENEFITS |
| Trustees' expenses |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trustees' expenses | 385 | 2,738 | ||
| 6. | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | ||||
| fund | ||||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
449 | |||
| Other trading activities | 1,989 | |||
| Investment income |
20,163 | |||
| Total | 22,601 | |||
| EXPENDITURE ON | ||||
| Raising funds | 6,251 |
| COMPARATIVKS F | ORTHE STATEMENT OF FINANCIAL ACTIVI | TIES - continued | ||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| Charitable activities |
||||
| Financial assistance | 15,700 | |||
| Other | 3,710 | |||
| Total | 25,661 | |||
| Net gains on investments | 47,903 | |||
| NET INCOME | 44,843 | |||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward |
649,152 | |||
| TOTAL FUNDS CARRIED FORWARD | 693,995 | |||
| 7. | FIXEDASSET INVKSTMKNTS | |||
| Listed | ||||
| investments | ||||
| g | ||||
| MARKET VALUE | ||||
| At 1 January 2022 |
611,905 | |||
| Disposals | (26,450) | |||
| Revaluations | (21,269) | |||
| At 31 December 2022 | 564,186 | |||
| NET BOOK VALUE | ||||
| At 31 December 2022 | 564,186 | |||
| At 31 December 2021 | 611,905 | |||
| Historical cost at 31 December 2022 —f471,157(2021 - f469,118). | ||||
| 2022 | 2021 | |||
| Investment assets in the |
UK | 378,314 | 406,492 | |
| Investment assets outside the UK |
185,872 | 205,413 | ||
| 564,186 | 611,905 |
| Investments |
excee | ding 5 | %by value ofthe total portfol | io: | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Invesco Corporate | Bond | UK Z DIS | 42,746 | 51,145 | |||||
| Link Fund Sol Ltd Capita | Trojan X Inc | 42,524 | 44,188 | ||||||
| AHFM Defined Returns | IGBP Inc | 35,325 | 36,792 | ||||||
| SPDR S&PUS Dividend | Aristocrats EFTGBP | 38,039 | 34,851 | ||||||
| Rio Tinto | 33,628 | ||||||||
| International | Public Partnerships | 31,450 | |||||||
| Cost or valuation | at 31 December 2022 is represented | by: | |||||||
| Listed | |||||||||
| investments | |||||||||
| Valuation in |
2022 | 564,186 | |||||||
| 8. | DEBTORS: | AMOUNTS | FALLING DUE WITHIN | ONE | YEAR | ||||
| 2022 | 2021 | ||||||||
| Trade debtors | 2,850 | ||||||||
| Prepayments | 530 | ||||||||
| 2,850 | 530 | ||||||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2022 | 2021 | ||||||||
| Other creditors | 679 | 648 | |||||||
| 10. | MOVEMENT IN FUNDS | ||||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.1.22 | in funds | 31.12.22 | |||||||
| Unrestricted | funds | ||||||||
| General fund | 693,995 | (12,716) | 681,279 | ||||||
| TOTAL FUNDS | 693,995 | (12,716) | 681,279 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | lossesf | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 59,500 | (52,363) | (19,853) | (12,716) | |
| TOTAL | FUNDS | 59,500 | (52,363) | (19,853) | (12,716) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| 6 | ||||
| Unrestricted | funds | |||
| General fund | 649,152 | 44,843 | 693,995 | |
| TOTAL FUNDS | 649,152 | 44,843 | 693,995 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 22,601 | (25,661) | 47,903 | 44,843 | |
| TOTAL FUNDS | 22,601 | (25,661) | 47,903 | 44,843 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.1.21 | in funds | 31.12.22 | |||
| Unrestricted | funds | ||||
| General | fund | 649,152 | 32,127 | 681,279 | |
| TOTAL | FUNDS | 649,152 | 32,127 | 681,279 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| E | ||||||
| Unrestricted | funds | |||||
| General | fund | 82,101 | (78,024) | 28,050 | 32,127 | |
| TOTAL | FUNDS | 82,101 | (78,024) | 28,050 | 32,127 |
| Detailed Statement ofFinancial Activities | ||||||
|---|---|---|---|---|---|---|
| for the Year Ended 31 December 2022 | ||||||
| 2022 | 2021 | |||||
| INCOME AND ENDOWMENTS | ||||||
| Donations and |
legacies | |||||
| Donations | 10,251 | 449 | ||||
| Other trading | activities | |||||
| The annual banquet |
23,466 | |||||
| Annual dinner |
dance | 3,145 | 300 | |||
| Golf | 1,967 | 1,689 | ||||
| 28,578 | 1,989 | |||||
| Investment income |
||||||
| Dividends and |
interest on | securities | 20,594 | 20,157 | ||
| Deposit account interest | 77 | 6 | ||||
| 20,671 | 20,163 | |||||
| Total incoming | resources | 59,500 | 22,601 | |||
| EXPENDITURE | ||||||
| Other trading | activities | |||||
| The annual banquet |
15,726 | |||||
| Annual dinner |
dance | 4,131 | ||||
| Golf | 1,985 | 2,096 | ||||
| 21,842 | 2,096 | |||||
| ' | Investment management |
costs | ||||
| Portfolio management | 4,058 | 4,155 | ||||
| Charitable activities |
||||||
| Grants to institutions | 500 | 400 | ||||
| Grants to individuals | 24,900 | 15,300 | ||||
| 25,400 | 15,700 | |||||
| Other | ||||||
| Trustees' expenses |
385 | 2,738 | ||||
| Support costs | ||||||
| Management | ||||||
| Postage and stationery | 289 | |||||
| Sundries | 35 | |||||
| 324 | ||||||
| Governance | costs | |||||
| Accountancy | and legal fees | 678 |
| for the Year Ended 31 Decemb | er 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Total resources expended | 52,363 | 25,661 | |
| Net income/(expenditure) | before gains and | ||
| losses | 7,137 | (3,060) | |
| Realised recognised gains |
and losses | ||
| Realised gains/(losses) on |
fixed asset investments | 1,416 | (3,419) |
| Net income/(expenditure) | 8,553 | (6,479) |