CHARITY NUMBER: 232791
1
CHAPMAN CHARITABLE TRUST
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2023
RPG CROUCH CHAPMAN LLP Chartered Accountants 5[th] Floor 14-16 Dowgate Hill London EC4R 2SU
CHAPMAN CHARITABLE TRUST
## TRUSTEES’ REPORT REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 5TH APRIL 2023
|TRUSTEES:|Bryony Chapman|
|---|---|
||Guy Chapman|
||Richard Chapman|
||Thomas Williams|
||Gregory Chapman|
|BANKERS:|HSBC Bank Plc|
||6th Floor|
||165 Fleet Street|
||London|
||EC4A 2DY|
|INVESTMENT MANAGERS:|RBC Brewin Dolphin|
||12 Smithfield Street|
||London|
||EC1A 9BD|
|ACCOUNTANTS:|RPG Crouch Chapman LLP|
||5thFloor|
||14-16 Dowgate Hill|
||London|
||EC4R 2SU|
|AUDITORS:|Denmark Forrester Limited|
||Chartered Accountants|
||Office 12|
||Bentalls Centre|
||Colchester Road|
||Heybridge|
||Essex|
||CM9 4GD|
- 1 -
CHAPMAN CHARITABLE TRUST
## REPORT OF THE TRUSTEES
The trustees present their report and the audited financial statements for the year ended 5[th] April 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deeds, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.
The Trustees confirm that the Charity Commission’s general guidance on public benefit has been considered in relation to the objectives of the Charity. The report below sets out those objectives and describes how they have been met in the current year.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
The Chapman Charitable Trust was established for general charitable purposes on 30th October 1963 by the late Mrs. Marjorie Chapman, one of her grandsons, a granddaughter and three great grandsons, served as trustees throughout the year.
The trustees met twice formally during the year on 30[th] September 2022 and 16[th] March 2023 and communicated regularly between meetings.
## Statement Of Trustees’ Responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the financial statements comply with applicable law and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## Disclosure of Information to Auditors
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
- so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
- 2 -
CHAPMAN CHARITABLE TRUST
REPORT OF THE TRUSTEES - continued
## Risk Assessment
The trustees have considered the risks to which the Chapman Charitable Trust is exposed and believe that these will be mitigated by:
- A body of trustees with the necessary experience and competence to supervise all the aspects of the Trust’s work;
- Regular trustees’ meetings with effective reporting to ensure proper review of grant making coupled with the consideration and approval by trustees of all grants made;
- Retention of competent investment managers who have been delegated dealing discretion but regularly attend trustees’ meetings; and
- An effective system of internal control of online and cheque payments to ensure the correct operation of the Guidelines for Grant Making.
## OBJECTIVES AND ACTIVITIES
The trustees have powers to apply the income and capital of the Trust Fund in or towards the furtherance of such charitable purposes and objects as they from time to time think fit. The trustees have established guidelines for the use of funds available and details of grants made to areas identified are given in the Financial Review. The charities receiving grants in the year are listed in Note 8.
The online application system has proved very successful with well prepared applications being received for analysis and review by the trustees. This has enabled the trustees to develop real time monitoring of grant approvals in order to ensure support is targeted to agreed categories. The trustees monitor outcomes of larger grants when considering their long term programmes of support in areas of particular interest.
## FINANCIAL REVIEW
## Income and Expenditure
Dividend income increased from the previous year to £377,389 (2022: £299,648) resulting in most part from income generated following the receipt of £1.881m from the estate of Mrs Joyce Chapman. The trustees have been notified of a further legacy due from the estate of Roger Chapman, husband of Joyce Chapman and an original trustee, amounting to £1,964,800. This is recognised in full in the accounts in accordance with the Charities Statement of Recommended Practice.
When the trust started the focus for grant-making was to support a few organisations suggested by the settlor and the trustees still make grants to these initial charities. As the capital of the trust has grown and the income available for grant-making has increased the focus for new grants has moved towards sectors aligned with the interests and personal family experiences of the current trustees.
The trustees are pleased to report that, in line with the grant making policy, they were able to increase the total to £366,000 (2022: £300,000). New grants are categorised under three main headings:
- the promotion of physical and mental wellbeing
- the conservation of our natural environment and the promotion of the sustainable use of resources
- increasing the accessibility of the arts, especially for young people
- 3 -
CHAPMAN CHARITABLE TRUST
- continued
## REPORT OF THE TRUSTEES
The grants in the year under these headings may be analysed thus:
||2023|2022|
|---|---|---|
||£|£|
|Wellbeing|207,000|162,500|
|Nature Conservation|89,000|72,000|
|Arts|70,000|65,500|
||─────|─────|
||366,000|300,000|
||═════|═════|
Grants are not made to individuals nor to overseas charities.
## Investment Policy
Trustees kept the investment assets under regular review and monitored the portfolio of index-linked stocks, company shares and collective funds under an investment management agreement with Brewin Dolphin. The long term policy of the trustees is to maintain the value of the assets at least in line with inflation whilst in the short term applying all the income, after expenses, to make grants to charities in accordance with a published grant-making policy.
## Reserves
The trustees continued with the long-established policy of distributing income as it arises since the administration and operating expenses are low and do not require a reserve to be maintained. The level of income achieved in 2023 was satisfactory and it is anticipated that the income and grant making in 2023/24 will continue to increase as a result of the investment of the legacies received and receivable in the year.
## FUND RAISING STATEMENT
The Chapman Charitable Trust does not engage in fundraising and therefore there are no matters to report.
## AUDITORS
The auditors, Denmark Forrester Limited, have indicated their willingness to continue in office. The Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
_Principal address:_
5[th] Floor 14-16 Dowgate Hill London EC4R 2SU
26[th] September 2023
R.J. CHAPMAN On Behalf of the Trustees
- 4 -
CHAPMAN CHARITABLE TRUST
## INDEPENDENT AUDITORS’ REPORT
## TO THE TRUSTEES OF THE CHAPMAN CHARITABLE TRUST
## **Opinion**
We have audited the financial statements of The Chapman Charitable Trust (the ‘charity’) for the year ended 5 April 2023 which comprise the Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity’s Trustees those matters we are required to state to them in an Auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for our audit work, for this report or for the opinions we have formed.
- In our opinion the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 5 April 2023, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
In our evaluation of the Trustees’ conclusions, we considered the risks associated with the charity’s business model, including the effects arising from macro-economic uncertainties such as COVID-19 and analysed how those risks might affect the charity's financial resources or ability to continue operations over the period of twelve months from the date when the financial statements are authorised for issue. In accordance with the above, we have nothing to report in these respects.
- 5 -
CHAPMAN CHARITABLE TRUST
## INDEPENDENT AUDITORS’ REPORT
## TO THE TRUSTEES OF THE CHAPMAN CHARITABLE TRUST – continued
However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the absence of reference to a material uncertainty in this auditor's report is not a guarantee that the charity will continue in operation.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Capability of the audit to detect irregularities including fraud.**
We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and considered the risk of acts by the charity which were contrary to applicable laws and regulations, including fraud. These included, but were not limited to, compliance with the Charities Act 2011 and FRS102.
We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.
We focused on laws and regulations that could give rise to a material misstatement in the financial statements. Our tests included, but were not limited to:
- agreement of the financial statement disclosures to underlying supporting documentation;
- enquiries of management;
- review of minutes of board meetings throughout the period; and
- obtaining an understanding of the control environment in monitoring compliance with laws and regulations.
There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the Trustees that represented a risk of material misstatement due to fraud.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- the charity has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
- 6 -
CHAPMAN CHARITABLE TRUST
## INDEPENDENT AUDITORS’ REPORT
TO THE TRUSTEES OF THE CHAPMAN CHARITABLE TRUST – continued
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement, set out on page 2, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at:
https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-andguidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-foraudit.aspx. This description forms part of our auditor’s report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Office 12, The Bentalls Centre Denmark Forrester Limited Colchester Road Chartered Accountants Heybridge Statutory Auditor Essex CM9 4GD 28[th] September 2023
Denmark Forrester Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
- 7 -
CHAPMAN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5TH APRIL 2023
||Unrestricted|Unrestricted|Unrestricted|||Unrestricted|Unrestricted|Unrestricted|||
|---|---|---|---|---|---|---|---|---|---|---|
||Income||Capital||2023|Income|Capital|||2022|
||Fund||Fund||Total|Fund||Fund||Total|
||£||£||£|£||£||£|
|Income:|||||||||||
|Investment income|377,389||-||377,389
299,648|||-||299,648|
|Interest on bank account|426||-||426|11||-||11|
|Legacy|-||1,964,800 1,964,800
-|||||1,881,000|||
|1,881,000|||||||||||
|Other income received|360||-||360|100||-||100|
||─────|─────||─────||─────|─────||─────||
|Total Income|378,175||1,964,800 2,342,975299,759|||||1,881,000|||
|2,180,759||─────||─────||─────|─────||─────||
||─────||||||||||
|Expenditure:|||||||||||
|Charitable Activities:|||||||||||
|Grants (note 10)|366,000||-||366,000
300,000|||-||300,000|
|Support costs (note 2)|3,534||33,781||37,315
3,285|||27,164||30,449|
||─────|─────||─────||─────|─────||─────||
|Total Expenditure|369,534||33,781||403,315
303,285|||27,164|||
|330,449||─────||─────||─────|─────||─────||
||─────||||||||||
|Net Income/(Expenditure)|8,641||1,931,019 1,939,660 (3,526)|||||1,853,836|||
|1,850,310|||||||||||
|Other Recognised Gains/(Losses)|||||||||||
|Gain/(Loss) on investment assets|-||(476,542)||(476,542)
-|||411,147|||
|411,147||─────||──────||──────|──────||──────||
|──────|||||||||||
|Net Movement in Funds|8,641||1,454,477 1,463,118 (3,526)|||||2,264,983|||
|2,261,457|||||||||||
|Reconciliation of Funds|||||||||||
|Total funds brought forward|11,705||10,440,800 10,452,505 15,231|||||8,175,817|||
|8,191,048||─────||──────||──────|──────||──────||
|──────|||||||||||
|Total funds carried forward|20,346||11,895,277 11,915,623 11,705|||||10,440,800|||
||10,452,505═══════════|||||══════|══════||══════||
|══════|||||||||||
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 17 form part of these financial statements.
- 8 -
CHAPMAN CHARITABLE TRUST
BALANCE SHEET 5TH APRIL 2023
||||2023||2022|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|FIXED ASSETS||||||
|Investments|4||9,939,590||8,567,668|
|CURRENT ASSETS||||||
|Legacy receivable||1,964,800||1,881,000||
|Other debtors||3,001||-||
|Cash and cash equivalents|5|18,682||20,943||
|||───────||───────||
|||1,986,483||1,901,943||
|LIABILITIES||||||
|Creditors: Amounts falling due||||||
|within one year|6|(10,450)||(17,106)||
|||───────||───────||
|NET CURRENT ASSETS|||1,976,033||1,884,837|
||||───────||───────|
|NET ASSETS|3||11,915,623||10,452,505|
||||═══════||═══════|
|FUNDS OF THE CHARITY||||||
|Unrestricted funds|||11,915,623||10,452,505|
||||═══════||═══════|
R.J. CHAPMAN
-----------------------------------------------------) ) ) TRUSTEES T. WILLIAMS ) ----------------------------------------------------)
Date: 26[th] September 2023
The notes on pages 10 to 17 form part of these financial statements.
- 9 -
CHAPMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5TH APRIL 2023
The Chapman Charitable Trust is a charitable trust established for general charitable purposes and is registered in England and Wales. Its principal place of business is 5[th] Floor, 14-16 Dowgate Hill, London EC4R 2SU.
## 1. ACCOUNTING POLICIES
## Basis of Accounting
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102 and the reporting currency is GBP.
## Going Concern
The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern. The Trust does not have grant making commitments and has free reserves equal to the total assets on the Balance Sheet. There are no significant areas of adjustment and key assumptions that affect items in the accounts.
## Valuation of Investments
In accordance with the Charities SORP, the investments of the Charity have been revalued at market value at the balance sheet date.
## Income Recognition
Investment income is included in the accounts when received.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known and receipt expected.
## Expenditure Recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
## Restricted Funds
None of the funds held by the Charity is restricted.
## Cash Flow
The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirements to prepare such a statement.
- 10 -
CHAPMAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued
## 1. ACCOUNTING POLICIES – continued
## Financial instruments
The Charity only enters into basic financial instruments transactions that are initially recognized at transaction value and subsequently measured at their settlement value.
## Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
## Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The trustees are of the opinion that none of the estimates made result in a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
|2.|SUPPORT COSTS|2023|2022|
|---|---|---|---|
|||£|£|
||Governance costs were as follows:|||
||Audit fees|2,150|2,080|
||Investment management fees|33,781|27,164|
||Bank charges|90|5|
||Accountancy|1,200|1,200|
||Travel expenses|94|-|
|||────|────|
|||37,315|30,449|
|||════|════|
remuneration and there were no related party transactions.
## 3. ANALYSIS OF NET ASSETS BETWEEN FUNDS
||2023|2023|2023|2023|2022|2022||2022|2022|
|---|---|---|---|---|---|---|---|---|---|
||Unrestricted||||||Unrestricted|||
||Income|Capital|||Income|||Capital||
||Fund|Fund|Total||Fund|||Fund|Total|
||£|£||£||£||£|£|
|Investments||||||||||
|at market value|-|9,939,590||9,939,590||-||8,567,668||
|8,567,668||||||||||
|Cash at stockbroker|22,992|(8,931)||14,061||19,158||(181)|18,977|
|Cash at bank and||||||||||
|in hand|4,803|(182)||4,621||1,947||19|1,966|
|Debtors|3,001|1,964,800||1,967,801||-||1,881,000||
|1,881,000||||||||||
|Creditors|(10,450)|-||(10,450)||(9,400)||(7,706)||
|(17,106)|──────||──────||──────||──────||──────|
──────
- 11 -
CHAPMAN CHARITABLE TRUST
20,346 11,895,277 11,915,623 11,705 10,440,800 10,452,505 ══════ ══════ ══════ ══════ ══════ ══════
- 12 -
CHAPMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
## 4. INVESTMENTS
|INVESTMENTS|2023|2022|
|---|---|---|
||£|£|
|Market value at 6thApril 2022|8,567,668||
|8,168,742|||
|Acquisitions at cost|1,910,611||
|1,014,702|||
|Disposals proceeds|(62,147)||
|(1,026,923)|||
|Realised (loss)/gain on investments|(6,031)|96,138|
|Unrealised (loss)/gain on investments|(470,511)|315,009|
||───────
───────||
|Market value at 5thApril 2023|9,939,590||
|8,567,668|═══════||
|═══════|||
|Investments held by the charity at the year end:|||
|UK Fixed Interest|421,537|443,322|
|UK Equities|6,865,225||
|5,910,078|||
|Overseas Equities|2,652,828||
|2,214,268|───────||
|───────|||
||9,939,590||
|8,567,668|═══════||
|═══════|||
There were no investments held at 5[th] April 2023 which are considered material (over 5% of portfolio by value). At 5[th] April 2002, the Tesco Index Linked Bond 2025 which was valued at £443,332 was considered material.
|5.|CASH AND CASH EQUIVALENTS|2023|2022|
|---|---|---|---|
|||£|£|
||Cash at bank|4,621|1,966|
||Cash at stockbroker|14,061|18,977|
|||─────|─────|
|||18,682|20,943|
|||═════|═════|
|6.|CREDITORS|2023|2022|
|||£|£|
||Audit fees|2,250|2,200|
||Accountancy fees|1,200|1,200|
||Investment management fees|-|7,706|
||Grants payable|7,000|6,000|
|||────|────|
|||10,450|17,106|
|||════|════|
7. TAXATION
- 13 -
CHAPMAN CHARITABLE TRUST
The charity’s activities fall within the exemptions afforded by the provisions of the Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
- 14 -
CHAPMAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued
## 8. RELATED PARTY TRANSACTIONS
There were no related party transactions in the year.
|9.|FINANCIAL INSTRUMENTS|2023|2022|
|---|---|---|---|
|||£|£|
||Financial assets|||
||Financial assets measured at fair value through profit and loss|9,939,590||
||8,567,668|||
|||────|────|
|||9,939,590||
||8,567,668|||
|||════|════|
Financial assets measured at fair value through income and expenditure comprise investments.
- 15 -
|CHAPMAN CHARITABLE TRUST||
|---|---|
|NOTES TO THE FINANCIAL STATEMENTS||
|- continued||
|10. GRANTS MADE – 30THSEPTEMBER 2022|£|
|Action for Children|6,000|
|Action for Pulmonary Fibrosis|1,000|
|Almeida Theatre|2,000|
|Ambitious about Autism|6,000|
|Amphibian and Reptile Conservation Trust|1,000|
|Aspire (Association for Spinal Injury Research, Rehabilitation and Reintegration)|2,000|
|Attend|1,000|
|Bangor Music Festival|2,000|
|Brent Adolescent Centre|1,000|
|British Ex-Services Wheelchair Sports Association|2,000|
|Britten Pears Arts|6,000|
|Brogdale Collections|1,000|
|Canine Partners|1,000|
|Care for Veterans|6,000|
|Carers' Support East Kent|1,000|
|Challengers|2,000|
|Cherry Trees|3,000|
|Cities for Children|2,000|
|Communigrow|2,000|
|Community Workshops & Gardens @ Holme Farm|1,000|
|Coram Shakespeare Schools Foundation|1,000|
|Crohn's & Colitis UK|2,000|
|Dementia Carers Count - the working name for The Royal Surgical Aid Society|2,000|
|Dogs for Good|1,000|
|East Anglia's Children's Hospices|2,000|
|Ecological Continuity Trust|2,000|
|Environmental Investigation Agency UK|2,000|
|European Squirrel Initiative|2,000|
|Freshwater Life Project|2,000|
|Gene People|2,000|
|Get Set Girls|1,000|
|GreenSeas Trust|2,000|
|Guild Care|2,000|
|Hampstead Theatre Ltd|2,000|
|Homeless Support Project|1,000|
|Home-Start Arun, Worthing & Adur|2,000|
|Homestart Ealing|2,000|
|Hope for the future|2,000|
|I CAN|2,000|
|Institute for Food, Brain and Behaviour|2,000|
|Integrated Neurological Services|1,000|
|Lake District Calvert Trust|2,000|
|Leonard Cheshire Disability|6,000|
|Lighthouse Furniture Project Ltd|2,000|
|Little Angel Theatre|2,000|
|London Hearts|1,000|
|Magpas Air Ambulance|2,000|
|MHA(Methodist Homes)|6,000|
|Missing People|2,000|
|Mountview Academy of Theatre Arts Ltd|2,000|
|Music Action International|1,000|
||─────|
|Carried forward|112,000|
- 16 -
CHAPMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
- continued
|10. GRANTS MADE – 30THSEPTEMBER 2022 - continued|£|
|---|---|
|Brought forward|112,000|
|Oakleaf Enterprise|1,000|
|Only Connect UK|2,000|
|Orchestras Live|1,000|
|PAN UK|10,000|
|Para Dance UK|2,000|
|Parenting Mental Health (PMH)|2,000|
|Possible (legal name: the 10:10 Foundation)|2,000|
|Prisoners Advice Service (PAS)|2,000|
|Progressive Farming Trust t/a Organic Research Centre|2,000|
|Project Oasis North Downs|2,000|
|Prostate Cancer Research|1,000|
|Richmond Furniture Scheme|1,000|
|Riverside Trust|1,000|
|Royal Academy of Music|2,000|
|Royal College of Music|2,000|
|Royal Opera House Covent Garden Foundation|2,000|
|Royal Trinity Hospice|2,000|
|Sexpression:UK|1,000|
|Spitalfields City Farm|1,000|
|Spitalfields Festival Limited|2,000|
|Step by Step London|2,000|
|Sustrans|2,000|
|The AHOY Centre|2,000|
|The Ambulance Staff Charity|2,000|
|The Andrew Simpson Foundation|2,000|
|The Anne Robson Trust|2,000|
|The Bubble Theatre Company|2,000|
|The Commitment|2,000|
|The Compassionate Friends|1,000|
|The Fragile X Society|6,000|
|The Friends of Firs Farm|1,000|
|The Futsal Stars Foundation|2,000|
|The Haemophilia Society|2,000|
|The KEYS Project|2,000|
|The Ramblers Association|1,000|
|The Reanella Trust|1,000|
|The Yard Theatre Ltd|1,000|
|The Yoga in Healthcare Alliance Ltd|1,000|
|Trigeminal Neuralgia Association|1,000|
|Waterloo Community Counselling|1,000|
|Wellbeing of Women|2,000|
|Wildfowl & Wetlands Trust|2,000|
|Wilton's Music Hall|1,000|
|Woodland Heritage|2,000|
|World Heart Beat Music Academy Ltd|1,000|
|Young Minds Trust|1,000|
|Youth Talk|1,000|
||─────|
||199,000|
||═════|
- 17 -
CHAPMAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued
|10. GRANTS MADE – 16THMARCH 2023|£|
|---|---|
|A Rocha UK|6,000|
|Action for Children|6,000|
|Age Well East|1,000|
|Air Ambulance Charity Kent Surrey Sussex|2,000|
|Alzheimer's Research UK|1,000|
|Bag Books|2,000|
|Bat Conservation Trust|1,000|
|Beating Time|1,000|
|Bethnal Green Nature Reserve Trust|2,000|
|Blue Elephant Theatre|1,000|
|British Exploring Society|2,000|
|British Film Institute|4,000|
|Britten Pears Arts|6,000|
|Cambridge Arts Theatre Trust Ltd|1,000|
|Cambridge Literary Festival|1,000|
|Camden Music Trust|2,000|
|Campaign for National Parks|1,000|
|Canolfan Gerdd William Mathias|3,000|
|Care for Veterans|6,000|
|Cetacean Research & Rescue Unit (CRRU)|2,000|
|Cherry Trees|3,000|
|City to Sea CIO|2,000|
|Clean Planet|2,000|
|Clean Rivers Trust|2,000|
|CleanupUK|2,000|
|Climate Ed|2,000|
|Climate Resilience Centre Worthing|1,000|
|CRADLE|2,000|
|Creekside Education Trust|2,000|
|Criccieth Arts Association|2,000|
|CYCALL|1,000|
|Daws Hall Trust|1,000|
|East London Music Group|1,000|
|English National Opera|2,000|
|Fairshare Educational Foundation T/A ShareAction|2,000|
|Greener and Cleaner|1,000|
|Haemochromatosis UK|1,000|
|Handicapped Children’s Action Group|2,000|
|Harmony Variety Group|2,000|
|Holding On Letting Go|1,000|
|Hope Housing, Training and Support Ltd|1,000|
|Huntington's Disease Association|3,000|
|Jacksons Lane|1,000|
|James' Place Charity (jamesplace.org.uk)|1,000|
|Just Kidz London|2,000|
|Key4Life CIO|1,000|
|Leonard Cheshire|6,000|
|LimbPower|1,000|
|Marine Conservation Society|2,000|
|MHA (Methodist Homes)|6,000|
||─────|
|Carried forward|109,000|
- 18 -
CHAPMAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued
|10. GRANTS MADE – 16THMARCH 2023 - continued|£|
|---|---|
|Brought forward|109,000|
|New Romney Counselling Services|2,000|
|Open Up Music|1,000|
|Opera Holland Park|2,000|
|Orthopaedic Institute Ltd|1,000|
|Pain Relief Foundation|2,000|
|PAN UK|10,000|
|Parallel Youth Enterprise|1,000|
|Pos+Ability|1,000|
|Prisoners' Education Trust|1,000|
|Reverse The Trend Foundation|1,000|
|Rise and Shine|1,000|
|River Thames Boat Project|2,000|
|Rock UK Adventure Centres Ltd|1,000|
|Romney Resource 2000 Ltd|2,000|
|Ronald McDonald House Glasgow|3,000|
|Sinfonietta Productions Ltd|1,000|
|Sports Connections Foundation|1,000|
|Team Domenica|1,000|
|The Active Pregnancy Foundation|1,000|
|The Felix Project|1,000|
|The Fragile X Society|6,000|
|The Holly Lodge Centre|1,000|
|The Lullaby Trust|1,000|
|The Mill @ Coppermill|1,000|
|The Orchard Project (Cause) Ltd|1,000|
|The Royal National Theatre|2,000|
|The Royal Parks|2,000|
|The Urology Foundation|1,000|
|The Wildlife Trust for Beds, Cambs & Northants|2,000|
|Union Chapel Project|1,000|
|Visible Ministries - The Naked Truth Project|2,000|
|We Are Beams|1,000|
|Wish|1,000|
||─────|
||167,000|
||═════|
- 19 -