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|Reviewing|the finanoal
statement
disclosures
and testing|the finanoal
statement
disclosures
and testing|to supporting|documentation|documentation|to assess compliance
with|to assess compliance
with|to assess compliance
with|
|---|---|---|---|---|---|---|---|---|
|provisions|of relevant
laws and regulations|descnbed
as|having a direct|effect on the financial statements.|||||
|Enquiring|ofmanagement||||||||
|Performing|analytical
procedures
to identify any unusual||or unexpected||relationships|that may indicate nsks of||material|
|misstatement
due to fraud.|||||||||
|Reading minutes ofmeetings ofthose charged
with governance.|||||||||
|In addressing
the risk offraud through
management
override ofcontrols, testing the||||||appropriateness|ofloumal|entnes|
|and other|adjustments.||||||||
|Assessing|whether the judgements
made|in making accounting
estimates|||are indicative of a potenbal||bias; and||
|evaluating|the rationale ofany significant|transacbons
that are unusual||or outside the||normal conduct|ofthe charitys||
|affairs and|||||||||
|As part of|assessing
relevant
controls, we|sought to gain|an understanding||ofthe impact that covID-19 and remote||||
|working
had on the nature and operation||ofthose controls, to inform our nsk assessment
and conclusions
on their|||||||
|effectiveness.|||||||||
##
##
##
|||||||Unrestricted|Permanent|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Income|Endowment|Funds|Funds|
|||||||Funds|Funds|||
||||||Note|2023|2023|2023|2022|
|||||||6|E|E||
|Income and endowments|||from:|||||||
|Investment
income||||||||||
|- Dividends||||||263,696||263,696|233,945|
|-The Charities
Property|||Fund|||77,710||77,710|76,240|
|-Gross interest||||||727||727|62,759|
|Total income||||||342,133||342,133|372,944|
|Expenditure
on:||||||||||
|Raising funds —investment||||manager fees|5.|73,383||73,383|72,796|
|Charitable
activities||—grants||payable|12|367,752||367,752|267,565|
|Other expenditure|||||3.|27,74'-I||27,744|31,644|
|Total expenditure||||||468,879||468,879|372,005|
|Net gains/(losses)|on investments|||||||||
|- realised|||||||||2,342,583|
|- unrealised|||||||(526,760)|(526,760)|(1,604,730)|
|Net income||||||||||
|and net movement||in funds||||(126,746)|(526,760)|(653,506)|738,792|
|Reconciliation
offunds:||||||||||
|Total funds brought||forward||||72,747|9,463,366|9,536,113|8,797,321|
|Total funds carried||forward||||(53,999)|8,936,606|8,882,607|9,536,113|
##
||||AS AT31 MA|RCH 2023||||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
||||Note|||||
|Fixed Assets||||||||
|Investments||||||||
|The Charities|Propeny|Fund|||1,623,180||1,874,340|
|Quoted Investments|||||7,118,651|||
|Bank Deposit|||||||7,400,719|
|Programme
related investments|||||||10,200|
||||||8,74'l, 831||9,285,259|
|Current Assets||||||||
|Debtors|||8.|18,331||20,261||
|Cash at Bank||||127,645||255,922||
|||||145,976||276,183||
|Creditors||||||||
|Amounts
falling due within one||year|9.|(5,200)||(25,329)||
|Nec Current Assets|||||140,776||250,854|
|Net Assets|||||8,882,607||9,536,113|
|Charity Funds||||||||
|Endowment|fund||||8,936,606||9,463,366|
|Unrestricted|income|fund|||(53999)||72,747|
|Total charity funds|||10.||8,882,607||9,536,113|
##
##
||||||Note|2023|2022|
|---|---|---|---|---|---|---|---|
|||||||6|E|
|Net cash flow from operating|||activities|||(128,277)|44,722|
|Net (decrease)/|increase|in cash and cash equivalents||||(128,277)|44,722|
|Cash and cash|equivalents|at|the beginning|ofthe year||255,922|211,200|
|Cash and cash|equivalents|at|the end ofthe year|||127,645|255,922|
|Cash and cash|equivalents|comprises:||||||
|Cash at bank and in hand||||||127,645|255,922|
|Short term deposits||||||||
|Cash and cash|equivalents|at|the end ofthe year|||127,645|255,922|
##
##
##
##
|||2023|2022|
|---|---|---|---|
|||E||
|Other expenditure||||
|Audit ofthe financial statements||3,600|3,600|
|Preparation
ofthe financial statements||1,812|1,510|
|Financial administration,|legal and other expenses|22,200|26,400|
|Bank charges||132|134|
|||27,744|31,644|
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|(Decrease)/|increase|in funds||||(653,506)|738,792|
|Management|fees deducted||from|investment|portfolio|6,469|25,987|
|Profit/ (loss)|on investments|||||526,760|(737,853)|
|Programme|related|investments||||10,200|3,600|
|Decrease
in|debtors|||||1,930|2,145|
|(Decrease)/|Increase|in creditors||||(20,130)|12,051|
|Net cash outflow from operating||||activities||(128,277)|44,722|
##
||||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Investment
Management|||costs||||||E||E|
|The Chanties|Property|Fund|||||||9,793||9,768|
|Cazenove
Capital - Quarterly||||management||fees|||||26,328|
|Cazenove
Capital —Internal||||fund|management||fees||||36,700|
|CCLA —Management
fees|||||||||63,590|||
||||||||||73,383||72,796|
||||||||||2023||2022|
|Investments||||||||||||
||||||||||E||6|
|The Charities|Property|Fund||||||18.57|1,623,180|20.21|1,874,340|
|CCLA investments:||||||||81.43|7,118,651|||
||||||||||8,741,831||1,874,340|
|Portfolio cash|- Cazenove||Capital||Cash Deposit||Account|||79.79|7,400,719|
|||||||||10000|8,741,831|100.00|9,275,059|
|Shares and securities||—movement|||in year|||||||
|Market value|at 1 Apnl|2022 and|||1 Apnl 2021||||||6,906,081|
|Additions|||||||||7,394,251|||
|Disposals|||||||||||(5,041,091)|
|Unrealised
gain/(loss)|||||||||(275,600)||(1,864,990)|
|Market
value|at 31 March||2023 and 31 March||||2022||7,118,651|||
##
|||||NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|||
|---|---|---|---|---|---|---|---|
|||||FOR THE YEAR ENDED 31 MARCH 2023||||
|||||||2023f|2022
E|
||The Charities Property||Fund —movement
in year|||||
||Market value at I April||2022 and|1 April 2021||1,874,340|1,614,080|
||Unrealised|profit/(loss)||||(251,160)|260,260|
||Market value at 31 March 2023 and 31 March 2022|||||1,623,180|1,874,340|
|||||||2023
E|2022f|
||Programme|related investments||-loans||||
||Frenford
Clubs||||||10,200|
||The Frenford
Clubs loan was written off in the year and is||||included as a donation.|||
|||||||2023|2022|
|||||||E|E|
||Debtors|||||||
||Accrued income|||||18,331|20,261|
|||||||2023|2022|
|||||||E||
|9.|Creditors due within one year|||||||
||Accrued expenses|||||5,200|25,330|
|10.|Movement|in funds for|the financial year|||||
||||||Income|Endowment|Total|
||||||E|E||
||Balance at|I April 2022|||72,747|9,463,366|9,536,113|
||Movement|in funds for|the year||(I26,746)|(526,760)|(653,506)|
||Balance at|31 March 2023|||(53,999)|8,936,606|8,882,607|
||Consisting|of:||||||
||Fixed asset|investments||||8,741,831|8,741,83'I|
||Current assets||||(48,799)|194,775|145,976|
||Current
liabilities||||(5,200)||(5,200)|
||||||(53,999)|8,936,606|8,882,607|
##
##
##
##
|Institution|||Relationship|to the Charity (ifapplicable)|to the Charity (ifapplicable)|to the Charity (ifapplicable)|Grant made|
|---|---|---|---|---|---|---|---|
||||||||E|
|Essex Boys' and Girls'|Clubs||J.P. Douglas|Hughes|is chairman|and MJ Dyer 8 J A Fosh are trustees|76000|
|Cirdan Sailing Trust|||J.P. Douglas-Hughes||is Trustee||75,000|
|Stub hers Adventure|Centre||||||38,792|
|North Avenue
Youth|Centre||||||18,590|
|Chain Reaction Theatre||Company|MJ. Dyer is|Chairman|||16,769|
|Ab Phats Youth Club|||||||16,653|
|Ormiston
Families|||||||10,000|
|StStephens
Community||Trust|||||10,000|
||||||||261,804|
|Other grants|||||||105,948|
||||||||367,752|
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