| CONTENTS | PAGE | ||
|---|---|---|---|
| Trustees Annual | Report | 2-7 | |
| Auditors Report |
8-9 | ||
| Statement ofFinancial | Activities | 10 | |
| Balance Sheet | |||
| Notes to the Financial | Statements | 12- 17 |
| uring the year 2022, th | e following serve |
d as Trustees: | d as Trustees: |
|---|---|---|---|
| Re resentative ofEm | lo ers: | Re resentative ofEm lo ees: | |
| Michael Glover Bartle | Alan Paul Robinson | ||
| Peter John Davey | Peter John Richard | Booth | |
| Adrian George Abel | Peter Reid (retired | December 2022) | |
| Malcolm Douglas Jarvis | Robert Christopher | Trotter | |
| Philip Clay (appointed December 2022) |
| NOTES | 2022 | 2022 RESTRICTED |
2022 TOTAL |
2021 TOTAL |
||
|---|---|---|---|---|---|---|
| FUNDS | FUNDS | FUNDS | FUNDS | |||
| INCOME AND ENDOWMENTS | ||||||
| Incoming Resources from Generated Investment Income |
Funds: | 388135 | 388135 | 340815 | ||
| TOTAL INCOME | 388135 | 388135 | 340815 | |||
| EXPENDITURE | ||||||
| Costs ofGenerating Funds: |
||||||
| Investment Management Costs Charitable Activities |
4188 274247 |
4188 274247 |
5023 286815 |
|||
| TOTAL EXPENDITURE | 278435 | 278435 | 291838 | |||
| NET INCOME FOR THE YEAR | 109700 | 109700 | 48977 | |||
| OTHER RECOGNISED LOSSES | ||||||
| (Loss)/Gain on Investment Assets |
10 | 547127 | ~547127 | 762101 | ||
| NET MOVEMENT IN FUNDS | (437427) | (437427) | 811078 | |||
| RECONCILIATION OF FUNDS |
||||||
| TOTAL FUNDS BROUGHT FORWARD | AT | |||||
| 1STJANUARY 2022 | 6463321 | 790970 | 7254291 | 6443213 | ||
| TOTAL FUNDS CARRIED FORWARD AT31STDECEMBER 2022 |
6025894 | 790970 | 6816864 | 7254291 |
| BALANCE SHEET | |||||
|---|---|---|---|---|---|
| AS AT 31STDECEMBER | 2022 | ||||
| UNRESTRICTED | RESTRICTED | TOTAL | TOTAL | ||
| NOTES | FUNDS | FUNDS | 2022 | 2021 | |
| FIXEDASSETS | |||||
| Investments | 6121793 | 790970 | 6912763 | 7459890 | |
| CURRENT ASSETS | |||||
| Debtors | 11 | 40984 | 40984 | 39080 | |
| Cash at Bank and in Hand | 12 | 209989 | 209989 | 134025 | |
| TOTAL CURRENT ASSETS | 250973 | 250973 | 173105 | ||
| LIABILITIES | |||||
| Creditors: Amounts Falling Due Within One Year |
13 | 80741 | 80741 | 77361 | |
| NET CURRENT ASSETS | 170232 | 170232 | 95744 | ||
| TOTAL ASSETSLESS | |||||
| CURRENT LIABILITIES | 6292025 | 790970 | 7082995 | 7555634 | |
| Creditors: Amounts Falling |
|||||
| Due After More Than One | 14 | 266131 | 266131 | 301343 | |
| Year | |||||
| TOTAL NET ASSETS | 6025894 | 790970 | 6816864 | 7254291 | |
| FUNDS | 16 | 6025894 | 790970 | 6816864 | 7254291 |
| INVESTMENT INCOME | INVESTMENT INCOME | 2022 | 2021 | |
|---|---|---|---|---|
| Interest Dividend |
on UK Gilt Edged Securities and Fixed Interest Unit Trusts on UK Mk G Securities Charifund Income |
21718 366319 |
24061 316752 |
|
| Interest | on Cash Deposits | 98 | 2 | |
| 388135 | 340815 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 3. | INVESTMENT MANAGEMENT | COSTS | ||||
| Stockbrokers | Fees | 4188 | 5023 | |||
| 4. | ALLOCATION OF SUPPORT COSTS AND OVERHEADS |
T 1 otal |
Charitable Activities |
Governance Costs |
||
| StaffCosts | 30490 | 20328 | 10162 | |||
| Office Costs | and Overheads | 2088 | 1392 | 696 | ||
| 32578 | 21720 | 10858 | ||||
| 5. | CHARITABLE ACTIVITIES | 2022 | 2021 | |||
| StaffCosts | 20328 | 18599 | ||||
| Office Costs | and other Overheads | 1392 | 1513 | |||
| Convalescent | Scheme Costs | 42985 | 49837 | |||
| Grants payable —see note 6 Governance Costs —see note 7 |
183600 25942 |
192965 23901 |
||||
| 274247 | 286815 |
| GRANTS PAYABLE | GRANTS PAYABLE | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| a) | Children's Adventure Farm Trust |
26500 | 29500 | |||
| b) | Leeds University | 2250 | ||||
| c) | Medi Equip 4Kids | 6500 | 5550 | |||
| d) | Go Beyond | 3300 | ||||
| e) | Bradford Textile Society | 3500 | 4000 | |||
| f) | British Textile Biennial | 8000 | ||||
| g) h) |
Donations to 8 Regional Brathay Trust |
Food | Banks | 16000 | 5000 | |
| i) | Boomerang Play Centre |
20000 | ||||
| j) k) |
Accrington Stanley Community Sunshine and Smiles |
Trust | 2500 | 10000 | ||
| 1) | The Kirkwood | 5000 | 5000 | |||
| m) | Seashell Trust | 25000 | ||||
| n) | Booth Centre | 4500 | ||||
| o) | Orchid | 6000 | 6000 | |||
| p) q) r) |
SEN Manchester Manchester University Hen shaw |
4000 2500 |
5000 15000 2500 |
|||
| s) | Francis House Children's | Hospice | 5000 | |||
| t) | Huddersfield Textile Centre ofExcellence |
40000 | 40000 | |||
| u) | Derby Toc H Children's | Camp | 8000 | 10000 | ||
| v) | University ofBolton | 2000 | ||||
| w) | Bradford Inclusive Disability | Service | 5000 | |||
| x) y) z) aa) |
Live Music Now Blesma Chrysalis Holiday Little Hearts Matter |
2300 10000 4000 |
10000 5000 4000 |
|||
| ab) | Textile Conservation Foundation |
Sebastian Blue Pin | 4000 | |||
| ac) | Royal School ofNeedlework | 2000 | ||||
| ad) | Heron Corn Mill | 2000 | ||||
| ae) af) |
Lancashire Textile Manufacturer's Section 12(1)Grants 1 individual |
Association (2021:1) |
5000 | (5835) 1000 |
||
| 183600 | 192965 |
| FO | R THE YEAR ENDED 31STDECEMBER 2022 Continued | ||
|---|---|---|---|
| 2022 | 2021 | ||
| RECONCILIATION OF GRANTS PAYABLE |
|||
| Commitments at 1stJanuary 2022 |
|||
| Commitments Made in the Year |
183600 | 192965 | |
| Commitments Met |
(143600) | (152965) | |
| Commitments at 31stDecember 2022 |
40000 | 40000 | |
| 7. | GOVERNANCE COSTS | ||
| StaffCosts | 10162 | 9298 | |
| Office Costs and Other Overheads | 696 | 984 | |
| Auditors Fees for Audit Services | 4880 | 4718 | |
| Auditors Fees for Other Services |
7848 | 7528 | |
| Costs ofMeetings | 2356 | 1373 | |
| 25942 | 23901 | ||
| 8. | STAFF COSTS AND TRUSTEES' REMUNERATION | ||
| Salaries | 30490 | 27897 | |
| Social Security Costs | |||
| 30490 | 27897 | ||
| The average number ofemployees during the year was |
|||
| Trustees received no remuneration (2021:nil) |
|||
| Travel allowances off1472were paid to Trustees (2021:6942) |
| FIXEDASSETINVESTMENTS | FIXEDASSETINVESTMENTS | |||
|---|---|---|---|---|
| Movement in fixed asset investments |
2022 | 2021 | ||
| Market value at 1stJanuary | 2022 | 7459890 | 6699010 | |
| Add: Investments in Year at |
cost | 72429 | ||
| 7459890 | 6771439 | |||
| Less: Investments Realised |
in Year | ~73650 | ||
| 7459890 | 6697789 | |||
| Less/Add: Net Investment |
(Losses)/Gains | in Year (Note 10) | 547127 | 762101 |
| Market value at 31stDecember 2022 | 6912763 | 7459890 | ||
| Cost at 31stDecember 2022 | 1944228 | 1944228 | ||
| Investments at market value |
com rised: | |||
| Equities | 6398003 | 6780435 | ||
| Fixed Interest securities | 514760 | 679455 | ||
| 6912763 | 7459890 |
| more than 5%ofthe p | ortfolio by | market va | lue | ||||
|---|---|---|---|---|---|---|---|
| M &G Securities Ltd | —Charifund | units | 6398003 | 6780435 | |||
| 10. | LOSSES /GAINS ON INVESTMENT ASSETS | ||||||
| Realised Losses on Disposal ofInvestment | Assets | (2545) | |||||
| Change in Unrealised | (Losses)/Gains on Investment |
Assets | (547127) | 764646 | |||
| NET INVESTMENT | LOSSES | /GAINS | (547127) | 762101 | |||
| 11. | DEBTORS | ||||||
| 218 | 1217 | ||||||
| P repayments Accrued Income |
40766 | 37863 | |||||
| 40984 | 39080 |
| 12. | CASH AT BANK | AND | 1N HAND | 1N HAND | 2022 | 2021 |
|---|---|---|---|---|---|---|
| General Accounts | 161083 | 100197 | ||||
| High Interest Business Reserve | Account | 48906 | 33800 | |||
| Cash in Hand | 28 | |||||
| 209989 | 134025 | |||||
| 13. | CREDITORS: Amounts | Fallin | Due Within One Year | |||
| Accruals | 48844 | 49178 | ||||
| Pension Provision | (note | 15) | 31897 | 28183 | ||
| 80741 | 77361 | |||||
| 14. | CREDITORS: Amounts | Fallin | Due After More Than One Year | |||
| Pension Provision | (note | 15) | 266131 | 301343 | ||
| 266131 | 301343 |