| Contents | Page | ||
|---|---|---|---|
| Members ofthe Board | and professional | advisers | |
| Trustees Annual Report | |||
| Independent examiner's |
report to the trustees | ||
| Statement offinancial activities | |||
| Balance sheet | |||
| Notes to the financial statements |
| L C Taussig Charitable Trust |
L C Taussig Charitable Trust |
|||
|---|---|---|---|---|
| Trustees ' report andfinancial statements | ||||
| 5April 2023 | ||||
| Statement offinancial activities | ||||
| year ended 5April 2023 | ||||
| Income | Capital | Total Funds | Total Funds | |
| Fund | Fund | 2023 | 2022 | |
| Note | ||||
| Income | ||||
| Voluntary income |
31,327 | 31027 | ||
| lnvesnnent income |
26,207 | 26,207 | 24,042 | |
| Total income | 57,534 | 57&534 | 24,042 | |
| Resources expended | ||||
| Charitable activities 4/5 |
(22,000) | (22,000) | (8,000) | |
| Governance costs 6 |
(2,100) | (2,234) | (4,334) | (3,042) |
| Total resources expended | (24,100) | (2,234) | (26,334) | (11,042) |
| Net income before other recognised | ||||
| gains and losses | 33,434 | (2,234) | 31,200 | 13,000 |
| Other recognised gains and losses |
||||
| Gains on investment assets |
(62,226) | (62,226) | 35,427 | |
| Transfer between funds | ||||
| Net movement in funds |
33,434 | (64,460) | (31,026) | 48,427 |
| Reconciliation offunds |
||||
| Total funds brought forward |
20,452 | 550,913 | 571,365 | 522,938 |
| Total funds carried forward | 53,886 | 486,453 | 540,339 | 571,365 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Investments | 485,908 | 524,161 | |||
| Current assets |
|||||
| Debtors | 10 | 6,250 | 15,150 | ||
| Cash at bank | 50,281 | 34,160 | |||
| 56,531 | 49,310 | ||||
| Creditors: Amounts | falling due within one year | (2,100) | (2,106) | ||
| Net current assets | 54,431 | 47,204 | |||
| Total assets less current liabilities | 540,339 | 571,365 | |||
| Net assets | 540,339 | 571,365 | |||
| Funds | |||||
| Capital fund | 12 | 486,453 | 550,913 | ||
| Income fund | 13 | 53,886 | 20,452 | ||
| Total funds | 540,339 | 571,365 |
| 2. | Voluntary | income | ||||
|---|---|---|---|---|---|---|
| Income | Total Funds | Total Funds | ||||
| Fund | 2023 | 2022 | ||||
| Donations | ||||||
| Donations | 25&000 | 25&000 | ||||
| Aft aid | 6,327 | 6,327 | ||||
| 31,327 | 31327 | |||||
| 3. | Investment | income | ||||
| Income | Total Funds | Total Funds | ||||
| Fund | 2023 | 2022 | ||||
| Income from UK listed investments | 22,083 | 22,083 | 20,219 | |||
| Income from non-UK listed investments | 3,972 | 3,972 | 3,823 | |||
| Other interest receivable | 152 | 152 | ||||
| 26,207 | 26,207 | 24,042 | ||||
| 4. | Costs ofcharitable | activities by fund type | ||||
| Income | Total Funds | Total Funds | ||||
| Fund | 2023 | 2022 | ||||
| Donations | in the year | 22,000 | 22,000 | 8,000 | ||
| 5. | Costs ofcharitable | activities by activity type | ||||
| Grant funding | Total Funds | Total Funds | ||||
| activities | 2023 | 2022 | ||||
| g | ||||||
| Donations | in the year | 22&000 | 22,000 | 8,000 |
| Income | Capital | Total | Funds | Total | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Fund | Fund | 2023 | 2022 | |||||
| Accountancy | fees | 2,100 | 2,100 | 2,085 | ||||
| Investment | management | fees | 2)234 | 2,234 | 957 | |||
| 2,100 | 2,234 | 4,334 | 3,042 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Market value at 6April | 2022 | 524,161 | 465,648 | ||
| Acquisitions at cost |
28,752 | 23,703 | |||
| Disposals at carrying value | (4,779) | (617) | |||
| Net (losses) gains on revaluations | in the year ended 5 April 2023 | (62,226) | 35,427 | ||
| Market value at 5 April | 2023 | 485,908 | 524,161 | ||
| Historical cost at 5 April | 2023 | 309,603 | 314,155 | ||
| Analysis ofinvestments | at 5April 2023 between funds | ||||
| Income | Capital | Total Funds | Total Funds | ||
| Fund | Fund | 2023 | 2022 | ||
| Listed investments | |||||
| UK Quoted Shares | 376,204 | 376,204 | 420,615 | ||
| Non-UK Quoted Shares | 69,693 | 69,693 | 92,288 | ||
| 445,897 | 4457897 | 512,903 | |||
| Other investments | |||||
| UK Cash held as part ofPortfolio | 36,701 | 3/10 | 40,011 | 11,258 | |
| 36,701 | 449,207 | 485,908 | 524,161 | ||
| Debtors | |||||
| 2023 | 2022 | ||||
| Other debtors | 6,250 | 15,150 |
| trus | tees' report andfina |
ncial statements 5April 2tt25 |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes to the financial | statements | ||||||||
| for | the year ended 5 | April | 2023 | ||||||
| 11. | Creditors: Amounts falling |
due within | one year | ||||||
| 2023 | 2022 | ||||||||
| Accruals and deferred | income | 2,100 | 2,106 | ||||||
| 12. | Capital fund | ||||||||
| Balance at | Outgoing | Gains | Balance at | ||||||
| 6 | Apr 2022 | resources | Transfers | and losses | 5Apr 2023 | ||||
| Capital account | 550,913 | (2,234) | (62,226) | 486,453 | |||||
| Balance at | Outgoing | Gains | Balance at | ||||||
| 6 Apr 2021 | resources | Transfers | and losses | 5 Apr 2022 | |||||
| Capital account | 516,443 | (957) | 35,427 | 550,913 | |||||
| 13. | Income funds | ||||||||
| Balance at | Incoming | Outgoing | Balance at | ||||||
| 6 | Apr 2022 | resources | resources | Transfers | 5Apr 2023 | ||||
| Income General | |||||||||
| Funds | 20,452 | 57,534 | (24,100) | 53)886 | |||||
| Balance at | Incoming | Outgoing | Balance at | ||||||
| 6Apr 2021 | resources | resources | Trans fers | 5 Apr 2022 | |||||
| Income General | |||||||||
| Funds | 6,495 | 24,042 | (10,085) | 20,452 | |||||
| 14. | Analysis ofnet assets | between | funds | ||||||
| 2023 | Net current | ||||||||
| Investments | assets | Total | |||||||
| Capital Fund | 485,908 | 545 | 486,453 | ||||||
| Income Fund | 53,886 | 53,886 | |||||||
| Total Funds | 485,908 | 54,431 | 540,339 | ||||||
| 2022 | Net current | ||||||||
| Investments | assets | Total | |||||||
| Capital Fund | 524,161 | 26,752 | 550,913 | ||||||
| Income Fund | 20,452 | 20,452 | |||||||
| Total Funds | 524,161 | 47,204 | 571,365 |