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|category, the directors approved
grants|off104,000to:||
|---|---|---|
|Cockpit Arts|E24,000|over 3years|
|The Access Project|810,000||
|Action Foundation|E10,000||
|Armonico
Consort|E5,000||
|BFAdventure|85,000||
|Chance to Shine|E14,000|oval 2 years|
|Future Talent|E6,000||
|Opera Holland
Park|610,000||
|Pimlico Opera|610,000||
|The Wheels Project|F10,000||
##
##
##
|In th|is category the directors approved
grants of657|,500to:|
|---|---|---|
||Action for Elders|F5,000|
||Dementia
Friendly Parishes|f5,000|
||Forget-me-not
Chorus Cardiff|E6,000|
||Growing
Well|L7,500|
||The Harbour|L5,000|
||Medics4RareDiseases|L5,000|
||Power2|F10,000|
||Rosemary
Foundation|F9,000|
||Somewhere
House Somerset|F5,000|
|3.|Welfare||
|AIIAboard Watersports|AIIAboard Watersports|F5,000|
|---|---|---|
|Blackmore Vale|Pantry|L6,250|
|Breadwinners||F5,000|
|Changing
Tunes||F5,000|
|The Family Haven||F5,000|
|Gloucestershire|Bundles|F5,000|
|Hampton
Trust||F10,000|
|Hope in the Valley Riding for the Disabled
Jo Cox Foundation||F1,000
f7,500|
|JCWI||F10,000|
|Kent Kindness||62,000|
|LASSN||E6,000|
|Lifeshare||68,500|
|Mothers for Mothers||610,000|
|Period Power||F5,000|
|Sleepsafe Selby||F5,000|
|Trojan Women's|Foundation|L3,000|
##
##
##
##
|000was spent on the special category and|grants were made to:|
|---|---|
|Client Earth|F35,000|
|Project Seagrass|F10,000|
|Trees for Cities|F10,000|
|LEAF|225,000|
|Cool Earth|225,000|
|Rewilding
Britain|825,000|
|Heal Rewilding|E5,000|
|Wicked Weather Watch|E5,000|
##
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|(|i|ncorp|
orating
an income and expenditure
account)|
orating
an income and expenditure
account)|
orating
an income and expenditure
account)|
orating
an income and expenditure
account)|||
|---|---|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 5APRIL 2023||||||
||||||Unrestricted|Endowment|Total|Total|
||||||Fund|Fund|2023|2022|
||||Notes||E||E|E|
|TOTAL INCOME|||||||||
|Investment
income|||||556,459||556,459|516,801|
||||||556,459||556,459|516,801|
|EXPENDITURE|||||||||
|Cost of raising funds:|||||||||
|Investment
management|costs|||8||98,811|99,660|111,833|
|Charitable
activities||||9|||||
|Cost ofgrant making:|||||||||
|Education|||||112,734||112,734|127,896|
|Health
Welfare
Special category -environment
Miscellaneous|||||62,491
188,807
151,645
21,663||62,491
188,807
151,645
21,663|161,519
151,170
49,248|
|Cost ofgrant making|||||537,340||537340|489833|
|TOTAL EXPENDITURE|||||538,189|98,811|637,000|601,666|
|Net income
/ (expenditure)
for the
year before gains and losses on|||||||||
|investments|||||18,270|(98,811)|(80,541)|(84,865)|
|Net gains/(losses)
on|||||||||
|investment
assets||||14||(1,837,759)|(1,837,759)|920,518|
|Net income
/ (expenditure)
before transfers|||||18,270|(1,936,570)|(1,918,300)|835,653|
|Transfers||||12|(19,762)|19,762|||
|Net income / (expenditure)
/ Net movement
in funds||for|the|year|(1,492)|(1,916,808)|(1,918,300)|835,653|
|Reconciliation
offunds|||||||||
|Total funds brought
forward|||||655,124|25,675,739 26,330,863||25,495,210|
|TOTAL FUNDS CARRIED||FORWARD|||653,632|23,758,931 24,412,563 26,330,863|||
##
##
##
|||||Unrestricted|Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Fund|Fund|2023|2022|
|||Notes|||8|8|K|E|
|FIXEDASSETS|||||||||
|Tangible fixed assets|||13|||||533|
|Listed investments|||14||399,356|23,784,018|24,183,374|26,021,389|
||||||399,356|23,784,018|24,183,374|26,021,922|
|CURRENT ASSETS|||||||||
|Debtors|||15||140,448||140,448|131,217|
|Cash at bank and in hand|||||352,160||352,160|344,306|
|TOTAL CURRENT ASSETS|||||492,608||492,608|475,523|
|LIABILITIES|||||||||
|Creditors
falling due within|||||||||
|one year|||16||(230,332)|(25,087)|(255,419)|(166,582)|
|NET CURRENT ASSETS|||||||||
|I(LIABILITIES)|||||262,276|(25,087)|237,189|308,941|
|TOTAL ASSETS LESS|||||||||
|CURRENT LIABILITIES|||||661,632|23,758,931|24,420,563|26,330,863|
|Creditors
falling due afier|||||||||
|more than one year|||16||(8,000)||(8,000)||
|NET ASSETS|||||653,632|23,758,931|24,412,563|26,330,863|
|THE FUNDS OF THE CHARITY|||||||||
|Endowmentfund|||||||||
|Expendable
endowment||||||19,038,929|19,038,929|18,990,951|
|Revaluation
reserve||||||4,720,002|4,720,002|6,684,788|
|Unrestricted
income fund|||||653,632||653,632|655,124|
||||||653,632|23,758,931|24,412,563|26,330,863|
|These financial
statements|have||been|prepared
in accordance
with|||the special
provisions
for small||
|companies
under Part 15ofthe||Companies|||Act 2006.||||
##
##
##
|||2023
E|2022f|
|---|---|---|---|
|CASH FLOWS FROM OPERATING ACTMTIES||||
|Net movement
in funds||(1,918,300)|835,653|
|Adjustments
for:||||
|Depreciation||533|533|
|(Gains)/losses
on investments||1,837,759|(920,518)|
|Dividends
from investments||(535,328)|(516,291)|
|Interest from investments||(21,131)|(510)|
|(Increase)/decrease
in debtors||(13,801)|(11,896)|
|(Increase)/decrease
in accrued income||4,570|(23,498)|
|(Decrease)/increase
in creditors||96,837|(47,795)|
|Net cash used In operating
activities||(548,861)|(684,322)|
|CASH FLOWS FROM INVESTING ACTIVITIES||||
|Dividends
from investments||535,328|516,291|
|Interest from investments||21,131|510|
|Purchase ofinvestments||(3,106,652)|(5,454,501)|
|Sale proceeds ofinvestments||2,647,260|5,882,813|
|(Increase)/decrease
in cash held|for investment|459,648|(338,900)|
|Net cash provided
by Investing|activities|556,715|606,213|
|CHANGE
IN CASH AND CASH|EQUIVALENTS|7,854|(78,109)|
|CASH AT START OFYEAR||344,306|422,415|
|CASH AT END OFYEAR||352,160|344,306|
##
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##
##
|UNRESTRICTED INVES|TMENT INCOME|||
|---|---|---|---|
|||2023|2022|
|||E|K|
|Gross income receivable|from listed investments|535,328|516,291|
|Gross Income receivable|from cash held as part ofthe|||
|investment
porffolio||17,758|387|
|Gross interest receivable|from monies on bank deposit|3,373|123|
|||556,459|516,801|
##
##
##
##
|The breakdo
in the table|wn
ofsup
below.|port costs and how thes|e were allocated
on the ba|sis of staff time|, is shown|
|---|---|---|---|---|---|
|2023|||Cost of|||
|Cost type|||raising|Charitable|2023|
||||funds|activities|Total|
|||||6||
|Salary (one|employee|only)|404|19,772|20,176|
|Depreciation|office equipment||11|522|533|
|General expenses|||44|2,168|2,212|
|Governance|costs (note 11)||390|19,128|19,518|
|Total|||849|41,590|42,439|
|2022|||Cost of|||
|Cost type|||raising|Charitable|2022|
||||funds|activities|Total|
|||||8|E|
|Salary (one|employee|only)|427|20,945|21,372|
|Depreciation|office equipment||11|522|533|
|General expenses|||47|2,318|2,365|
|Governance|costs (note 11)||382|18,698|19,080|
|Total|||867|42,483|43,350|
|The total support cost attributable
to charitable
grants awarded as shown
in the table below.|activities Is then apportioned
pro|rata to the value o|
|---|---|---|
|Total costs|2023|2022|
|||'E|
|Education|8,734|11,046|
|Health|4,991|14,019|
|Welfare|14,557|13,170|
|Special category - environment|11,645||
|Miscellaneous|1,663|4,248|
|Total allocated|41,590|42,483|
##
##
##
##
##
|2023|||Unrestricted|Endowment|2023|
|---|---|---|---|---|---|
||||Fund|Fund|Total|
||||E|5||
|Investment|management|fees||98,811|98,811|
|Governance|and support|costs (note 7)|849||849|
|Total|||849|98,811|99,660|
|2022|||Unrestricted|Endowment|2022|
||||Fund|Fund|Total|
|||||5||
|Investment|management|fees||110,966|110,966|
|Governance|and support|costs (note 7)|867||867|
|Total|||867|110,966|111,833|
##
##
|||General|General|Total|Governance||
|---|---|---|---|---|---|---|
|||fund|fund|grant|and||
|2023|General|designated|special|funded|support|2023|
||fund
6|fundf|category|activityf|costs
6|Total|
|Education|80,000|24,000||104,000|8,734|112,734|
|Health|57,500|||57,500|4,991|62,491|
|Welfare|99,250|75,000||174,250|14,557|188'i807|
|Special category - environment|||140,000|140,000|11,645|151,645|
|Miscellaneous|10,000|10,000||20,000|1,663|21,663|
|Total|246,750|109,000|140,000|495,750|41,590|537,340|
##
##
##
##
|||General|Total|Governance||
|---|---|---|---|---|---|
|||fund|grant|and||
|2022|General|special|funded|support|2022|
||fund
6|category
6|activity
8|costs
6|Total
E|
|Education|116,850||116,850|11,046|127,896|
|Health|45,000|102,500|147,500|14,019|161,519|
|Welfare|138,000||138,000|13,170|151,170|
|Miscellaneous|45,000||45,000|4,248|49,248|
|Total|344,850|102,500|447,350|42,483|489,833|
##
##
|EDUCATION|||
|---|---|---|
|10grants to Institutions|ofover E1,000each|104,000|
|HEALTH|||
|9grants to institutions|ofover E1,000each|57,500|
|WELFARE|||
|18grants to institutions|ofover F1,000each|174,250|
|SPECIAL CATEGORY - ENVIRONMENT|||
|8 grants to institutions|ofover E1,000each|00
140,0|
|MISCELLANEOUS|||
|2 grants to institutions|ofover F1,000 each|20,000|
|Total grant awards||495,750|
##
##
##
|11.|ANALYSIS|OF GOVERNANCE|OF GOVERNANCE|OF GOVERNANCE|COSTS||2023f|2022||
|---|---|---|---|---|---|---|---|---|---|
||Auditor's
remuneration:|||audit|||3,150|2,880||
||Professional|fees: accountancy|||||16,368|16,200||
||||||||19,518|19,080||
|12.|TRANSFERS|||||||||
|||||||Unrestricted||||
||||||Unrestricted|Fund|Unrestricted|||
||||||Fund|Designated|Fund|Endowment|Total|
||||||General
f|2023/2024
f|Total|Fund
f|2023
f|
||2023|||||||||
||Transfer for|20% allocation of||||||||
||Investment|manager|fees|||||||
||charged
In full to the||expendable|||||||
||endowmentfund||||(19,762)||(19,762)|19,762||
||Transfer for|grant funding||||||||
||Transfers to|||||||||
||Small grants|fund|||(75,000)|75,000||||
||Career development||fund|||||||
||Ukraine fund|||||||||
||||||(94,762)|75,000|(19,762)|19,762||
|||||||Unrestricted||||
||||||Unrestricted|Fund|Unrestricted|||
||||||Fund|Designated|Fund|Endowment|Total|
||||||Generalf|2022/2023
f|Total
f|Fund
f|2022
f|
||2022|||||||||
||Transfer for|20% allocation of||||||||
||Investment
manager||fess|||||||
||charged
in full to ths||expendable|||||||
||endowment|fund|||(22,193)||(22,193)|22,193||
||Transfer for|grant funding|||285,275||285,275|(285475)||
||Transfers to|||||||||
||Small grants|fund|||(75,000)|75,000||||
||Career development||fund||(24,000)|24,000||||
||Ukraine
fund||||(10,000)|10,000||||
||||||154,082|109,000|263,082|(263,082)||
##
##
##
|13.|TANGIBLE FIXEDASSETS|Office||
|---|---|---|---|
|||Equipmentf|Totalf|
||Cost|||
||At 6 April 2022|1,599|1,599|
||At 5 April 2023|1,599|1,599|
||Depreciation|||
||At 6 April 2022|1,066|1,066|
||Charge for the year|533|533|
||At 5 April 2023|1,599|1,599|
||Net book value|||
||At 5 April 2023|||
||At 5 April 2022||533|
|14.|LISTED INVESTMENTS|||
||Total investments
at 5 April 2022||26,021,389|
||Less: Cash balance||(1,108,526)|
||Market value at 5 April 2022||24,912,863|
||Less: Unrealised
appreciation||(6,684,788)|
||Cost at 5 April 2022||18,228,075|
||Add:
Purchases
at cost||3,106,652|
||Less:
Disposals at cost||(2,520,233)|
||Cost at 5 April 2023||18,814,'494|
||Add:
Unrealised
appreciation||4,720,002|
||Market value at 5 April 2023||23,534,496|
||Add:
Cash balance||648,878|
||Total investments
at 5 April 2023||24,183,374|
##
##
##
##
|
gains on investment
asse|
ts of|Endowment
Fund|||
|---|---|---|---|---|
||||2023|2022|
||||6|6|
|Realised gain/(loss)
for the|year||(322,504)|403,767|
|Increase/(decrease)
In unrealised||gain at the year end|(1,515,255)|516,751|
|Net gain/(loss)
for the year|||(1,837,759)|920,518|
|Brought forward
losses/(profits)||crystalllsed|||
|in the year|||(127,027)|(2,574,712)|
|Net movement
In unrealised|gain||(1,964,786)|(1,654,194)|
|Unrealised
gains at 6 April|2022||6,684,788|8,338,982|
|Unreallsed
gains at 5 April|2023||4,720,002|6,684,788|
|||Unrestricted|Unrestricted|Endowment|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
||||Fund|Fund||2023|Fund|Fund|2022|
||||6||6|6|6|6|6|
|15.|DEBTORS|||||||||
||Other debtors||33,682|||33,682|19,918||19,918|
||Prepayments
and accrued income||106,766|||106,766|111,299||111,299|
||||140,448|||140,448|131,217||131,217|
|16.|CREDITORS: Amounts|falling due within one|||year|||||
||Grants payable:|||||||||
||Education||33,000|||33,000|15,000||15,000|
||Health||88,000|||88,000|106,000||106,000|
||Special category||90,000|||90,000||||
||||211,000|||211,000|121,000||121,000|
||Other creditors and accruals||19,332|25,087||44,419|18,600|26,982|45,582|
||||230,332|25,087||255,419|139,600|26,982|166,582|
||CREDITORS: Amounts|falling due after more||||||||
||than one year|||||||||
||Grants payable:|||||||||
||Education||8,000|||8,000||||
||Health|||||||||
||Spedal category|||||||||
||||8,000|||8,000||||
##
##
##
|17.|MOVEMENT
IN RECOGNISED GRANT COMMITMENTS|MOVEMENT
IN RECOGNISED GRANT COMMITMENTS|MOVEMENT
IN RECOGNISED GRANT COMMITMENTS|2023|2022|
|---|---|---|---|---|---|
|||||E||
||Charitable|commitments
accrued||||
||Charitable|commitments
recognised|at the start ofthe year|121,000|166,630|
||New grant|commitments
charged to|the SOFA in year (note 9)|495,750|447,350|
||Grants paid during the year|||(397,750)|(492,980)|
||Amount of|grant commitments
recognised
at 5 April 2023||219,000|121,000|
##
##
|ANALYSIS|OF CHARIT|ABLE FUNDS||||||
|---|---|---|---|---|---|---|---|
|Analysis of|fund|Fund at|||||Fund at|
|movsmsnts||5 April||||GaIns and|5 April|
|||2022f|Income
f|Expenditure
f|Transfers
f|(losses)
f|2023f|
|Unrestricted|fund|||||||
|General||546,124|556,459|(429,189)|(94,762)||578,632|
|Small grants|2023/2024|75,000||(75,000)|75,000||75,000|
|Career development||24,000||(24,000)||||
|Ukraine||10,000||(10,000)||||
|Total||655,124|556,459|(538,189)|(19,762)||653,'632|
|Expendable|endowment|25,675,739||(98,811)|19,762|(1,837,759)|23,758,931|
|Total charitable
funds||26,330,863|556,459|(637,000)||(1,837,759)|24,412 563|
##
##
##
##
|COMPARAT|IVE OF CHARI|TABLE FUNDS||||||
|---|---|---|---|---|---|---|---|
|Analysis of|fund|Fund at|||||Fund at|
|movements||5 April||||Gains and|5 April|
|||2021
6|Income
6|Expenditure
f|Transfers|(losses)
6|2022|
|Unrestricted|fund|||||||
|General||365,941|516,801|(490,700)|154,082||546,124|
|Small grants|2022/2023||||75,000||75,000|
|Career development|||||24,000||24,000|
|Ukraine|||||10,000||10,000|
|Total||365,941|516,801|(490,700)|263,082||655,124|
|Expendable|endowment|25,129,269||(110,966)|(263,082)|920,518|25,675,739|
|Total charitable
funds||25,495,210|516,801|(601,666)||920,518|26,330,863|
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Endowment|Total|
|---|---|---|---|---|
|||Fund|Fund|2022|
||Notes||E|K|
|FIXEDASSETS|||||
|Tangible fixed assets|13|533||533|
|Listed Investments|14|318,668|25,702,721|26,021,389|
|||319,201|25,702,721|26,021,922|
|CURRENT ASSETS|||||
|Debtors|15|131,217||131,217|
|Cash at bank and in hand||344,306||344,306|
|TOTAL CURRENT ASSETS||475,523||475,523|
|LIABILITIES|||||
|Creditors
falling due within|||||
|one year|16|(139,600)|(26,982)|(166,582)|
|NET CURRENT ASSETS|||||
|I(LIABILITIES)||335,923|(26,982)|308,941|
|TOTAL ASSETS LESS|||||
|CURRENT LIABILITIES||655,124|25,675,739|26,330,863|
|Creditors
falling due afier|||||
|more than one year|16||||
|NET ASSETS||655,124|25,675,739|26,330,863|
|THE FUNDS OF THE CHARITY|||||
|Endowment
fund|||||
|Expendable
endowment|||18,990,951|18,990,951~|
|Revaluation
reserve|||6,684,788|6,684,788|
|Unrestricted
income fund||655,124|-|655,124|
|||655,124|25,675,739|26,330,863|
##
##
##
##
##
##
##
##
##
##
##
|WELFARE|||||||
|---|---|---|---|---|---|---|
|Feeding Families
Manchester
Cares|||||f25,000
f7,000||
|Team Oasis|||||F10,000||
|Hope in the Valley|RDA||||F1,000||
|Leeds Asylum Seekers||Support||Network|f5,000||
|Lifeshare|||||f5,000||
|Wintercomfort|||||f5,000||
|Backon Track|||||f20,000||
|Sport4Llfe|||||F10,000||
|R L Glasspool Charitable|||Trust||F50,000||
|||||||f 138,000|
|MISCELLANEOUS|ENVIRONMENTAL||||||
|The Climate Crisis|Foundation||||f10,000||
|Centre for Sustainable
Co-Farm Foundation||Energy|||f25,000
f10,000||
|||||||f 45,000|
|TOTAL GRANTS||||||f447,350|
##