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|Significant|information|||
|Trustees'|report||2-4|
|Statement|of Trustees'|responsibilities||
|Independent
auditors'||report|6-8|
|Statement|offinancial|activities||
|Balance sheet|||10|
|Cash flow statement||||
|Notes to|the accounts||12 —18|
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|||||||General|Endowment|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||funds||funds|2023|2022|
||||||Notes|8||6|6|f|
|Income and endowments|||||||||||
|Investment
income||||||98,366|||98,366|88,223|
|Total income||||||98,366|||98,366|88,223|
|~Edit|||||||||||
|Costs of raising funds|||||||||||
|Investment
management|costs|||||||28,823|28,823|28,113|
|Expenditure
on charitable||activities|||||||||
|Grants to individuals
& administration||||costs||180,459|||180,459|178,967|
|Donations||||||6,000|||6,000|6,000|
|Cost of grant making||||||186,459|||186,459|184,967|
|Total expenditure||||||186,459||28,823|215,282|213,080|
|Net income
/ (expenditure)
investments||before gains|||/ (losses) on|(88,093)||(28,823)|(116,916)|(124,857)|
|Net gains/(losses)
on investment|||assets|||||314,839|314,839|(282,451)|
|Net movement
In funds||||||(88,093)||286,016|197,923|(407,308)|
|Transfer between
funds||||||90,000||(90,000)|||
|Fund balances
at 1 January||2023||||31,253||3,850,037|3,881,290|4,288,598|
|Fund balances at 31 December|||2023|||33,160||4,046,053|4,079,213|3,881,290|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|6||5||
|Fixed assets||||||||
|Investments|||||4,037,233||3,840,865|
|Current assets||||||||
|Debtors|||10|849||3,159||
|Cash at bank|and in|hand||51,698||48,355||
|||||52,547||51,514||
|Creditors: amounts||falling due within||||||
|one year||||(10,567)||(11,089)||
|Net current|assets||||41,980||40,425|
|Total assets|less current liabilities||||4,079,213||3,881,290|
|The funds ofthe charity||||||||
|Endowment|funds||||4,046,053||3,850,037|
|Income funds||||||||
|General
funds|||||33,160||31,253|
||||||4,079,213||3,881,290|
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|||2023|2022|2022|
|---|---|---|---|---|
||||6||
|Reconciliation
of net movement
In funds to|||||
|net cash flow from operating
activities|||||
|Net movement
in funds||197,923||(407,308)|
|Deduct investment
income||(98,366)||(88,223)|
|Deduct gains/add
losses on investments
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors||(314,839)
2,310
(522)||282,451
(2,053)
160|
|Net cash used
in operating
activities||(213,494)||(214,973)|
|Cash flows from investing
activities|||||
|Dividends
and interest|98,366||88,223||
|Proceeds from investment
sales, net of
purchases
and cash retained
in portfolio|118,471|216,837|148,889|237,112|
|Changes
in cash and cash equivalents
in the year||3,343||22,139|
|Cash and cash equivalents
brought
forward||48,355||26,216|
|Cash and cash equivalents
carried forward||51,698||48,355|
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|Expenditure||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||6|6|
|Costs of raising funds||||||
|Investment|management|costs||28,823|28,113|
|Expenditure|on charitable||activities|||
|Beneficiary|payments|||139,890|139,470|
|Support costs (note 6)||||40,569|39,497|
|Total||||180,459|178,967|
|Donations||||6,000|6,000|
|||||186,459|184,967|
|||||215,282|213,080|
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|Donations|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6|6|
|Kids Yorkshire|&The Humber||||750|750|
|Hessle Road Network|||||750||
|Hull Women's|Aid||||750|750|
|Jubilee Church|Hull||||750||
|Hey Breast Friends|||||750||
|Sight Support|Hull & East Riding|||||750|
|CatZero|||||750|750|
|Artlink Centre|for|Community|Arts|||750|
|Hull 4 Heroes|||||750|750|
|NGVFA National||Gulf Veterans||and Families Association||750|
|Teenage Cancer||Trust|||750|750|
||||||6,000|6 000|
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|6|Support|costs|costs||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6|6|
||Pensions|re|former employees||8,207|8,153|
||Management||and administration|fees|28,600|27,517|
||Governance||costs||3,762|3,827|
||||||40,569|39,497|
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|9|Fixed asset investments|Fixed asset investments||||||
|---|---|---|---|---|---|---|---|
||||Fixed|UK|Overseas|||
||||Interest
6|Equities
6|Equities
6|Cash
6|Total
f|
||Market value at 1 January 2023||1,183,003|1,140,433|1,441,525|75,904|3,840,865|
||Disposal at opening
book value||(478,949)|(147,587)|(174,308)|-|(800,844)|
||Acquisition
at cost||600,689|28,106|207,033||835,828|
||Change
in value|in the year|41,267|16,936|164,042|(60,861)|161,384|
||Market value at|31 December 2023|1,346,010|1,037,888|1,638,292|15,043|4,037,233|
||The investment
assets are held:|||||||
||In the UK||1,063,476|1,037,888|141,505|15,043|2,257,912|
||Outside the UK||282,534||1,496,787||1,779,321|
||||1,346,010|1,037,888|1,638,292|15,043|4,037,233|
||Historical cost:|||||||
||At 31 December|2023|1,335,357|667,544|961,493|15,043|2,979,437|
||At 31 December|2022|1,238,253|670,329|865,487|75,904|2,849,973|
||Endowment
funds:||1,346,010|1,037,888|1,638,292|15,043|4,037,233|
||General funds|||||||
||||1,346,010|1,037,888|1,638,292|15,043|4,037,233|
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|10|Debtors||||||||2023f|2022
6|
|---|---|---|---|---|---|---|---|---|---|---|
||Other debtors||||||||508|2,798|
||Prepayments|and accrued||income|||||341|361|
||||||||||849|3,159|
|11|Creditors: amounts||falling due within|||one year|||2023|2022|
||||||||||6|6|
||Accruals||||||||10,567|11,089|
|12|Analysis
of net assets between||||funds||||||
|||||||||General funds|Endowment|Total|
||||||||||funds||
|||||||||6|6||
||Fund balances at 31 December 2023 are represented||||||by:||||
||Investments||||||||4,037,233|4,037,233|
||Current assets|||||||36,460|16,087|52,547|
||Creditors: amounts||falling due within one year|||||(3,300)|(7,267)|(10,567)|
|||||||||33,160|4,046,053|4,079,213|
||Unrealised
losses included|||above:|||||||
||On investments||||||||222,245|222,245|
||||||||||222,245|222,245|
||Reconciliation|oflosses on||investment||assets:|||||
||On disposals|in the|year||||||92,594|92,594|
||On the revaluation||ofinvestments||held|at the year end|||222,245|222,245|
||Total losses|for the|year||||||314,839|314,839|
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|13|Reconciliation
of net cash flow to movement|ln net funds|2023f|2022
6|
|---|---|---|---|---|
||Increase/(decrease)
in cash||3,343|22,139|
||Net funds at 1 January 2023||48,355|26,216|
||Net funds at 31 December 2023||51,698|48,355|
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