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2023-04-05-accounts
| Trustees |
Jennifer Helen Fraser |
|
Caroline Nicola Helen Philipson-Stow |
|
Matthew Christopher Bennett |
|
Simon William Norie Fraser |
| Charity number |
244444 |
| Principal Office |
Alexandra House |
|
St Johns Street |
|
Salisbury |
|
Wiltshire |
|
SP1 2SB |
| Independent Examiner |
James Fletcher FCA |
|
Fletcher & Partners |
|
Crown Chambers |
|
Bridge Street |
|
Salisbury |
|
SP1 2LZ |
| Solicitors |
Wilsons Solicitors LLP |
|
Alexandra House |
|
St Johns Street |
|
Salisbury |
|
Wiltshire |
|
SP1 2SB |
| Investment advisors |
Quilter Cheviot Investment Management |
|
90 LongAcre |
|
London |
|
WC2E 9RA |
|
Page |
| Trustees' report |
1-2 |
| Statement oftrustees' responsibilities |
3 |
| Independent examiner's report |
4 |
| Statement offinancial activities |
5 |
| Balance sheet |
6 |
| Notes to the accounts |
7-11 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
2023 |
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Investments |
|
99,430.90 |
|
99,430.90 |
99,935.16 |
| Expenditure on: |
|
|
|
|
|
| Raisingfunds |
2 |
|
(20,879.68) |
(20,879.68) |
(22,049.75) |
| Charitable activities |
3 |
(131,034.79) |
(4,212.79) |
(135,247.58) |
(131,632.00) |
| Total resources expended |
|
(131,034.79) |
(25,092.47) |
(156,127.26) |
(153,681.75) |
| Net gains/(losses) on investments |
7 |
|
(262,359.64) |
(262,359.64) |
295,044.95 |
| Net movementin funds |
|
(31,603.89) |
(287,452.11) |
(319,056.00) |
241,298.36 |
| Fund balances at 6 April 2022 |
|
232,337.26 |
3,438,461.29 |
3,670,798.55 |
3,429,500.19 |
| Fund balances at 5 April 2023 |
|
200,733.37 |
3,151,009.18 |
3,351,742.55 |
3,670,798.55 |
|
|
|
2023 |
|
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Investments |
10 |
|
3,234,889.35 |
|
3,518,355.24 |
| Current assets |
|
|
|
|
|
| Debtors |
8 |
329.76 |
|
|
|
| Cash at bank and in hand |
|
125,449.56 |
|
159,577.42 |
|
|
|
125,779.32 |
|
159,577.42 |
|
| Creditors: amounts falling due within |
9 |
|
|
|
|
| one year |
|
(8,926.12) |
|
(7,134.11) |
|
| Net current assets |
|
|
116,853.20 |
|
152,443.31 |
| Total assets less current liabilities |
|
|
3,351,742.55 |
|
3,670,798.55 |
| Funds |
11 |
|
|
|
|
| Restricted funds |
|
|
3,151,009.18 |
|
3,438,461.29 |
| Unrestricted funds |
|
|
200,733.37 |
|
232,337.26 |
|
|
|
3,351,742.55 |
|
3,670,798.55 |
The accounts were a~roved on behalf of the Trustees on)...&.f:..t'!fj··~O:) y-_
z±
˱d |
|
|
|
|
|
| Trustee |
|
Trustee |
|
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Investment management |
20,879.68 |
22,049.75 |
|
|
20,879.68 |
22,049.75 |
3 |
Charitable activities |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Grant funding of activities (see note 4) |
125,250.00 |
125,200.00 |
|
Share of governance costs (see note 5) |
9,997.58 |
6,432.00 |
|
|
135,247.58 |
131,632.00 |
| 4 |
Grants payable |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Grants to institutions: |
|
|
|
Elderly |
19,000.00 |
25,500.00 |
|
Children |
22,000.00 |
37,700.00 |
|
Blind and otherwise handicapped |
24,000.00 |
21,500.00 |
|
Medical research |
41,250.00 |
30,500.00 |
|
Environmental heritage |
19,000.00 |
10,000.00 |
|
|
125,250.00 |
125,200.00 |
| 5 |
Support costs |
|
|
|
|
|
|
|
Governance |
|
2023 |
|
2022 |
|
|
costs |
|
|
|
|
|
|
|
£ |
£ |
|
£ |
|
Legal fees |
8,425.58 |
|
8,425.58 |
|
5,142.00 |
|
Independent Examiner fees |
1,572.00 |
|
1,572.00 |
|
1,290.00 |
|
|
9,997.58 |
|
9,997.58 |
|
6,432.00 |
|
Charitable activities |
9,997.58 |
|
9,997.58 |
|
6,432.00 |
| 6 |
Trustees |
|
|
|
|
|
|
No expenses or remunerations were paid to any of |
|
the |
trustees duringthe year. |
|
|
| 7 |
Net gains/(losses) on investments |
|
|
|
|
|
|
|
|
|
|
2023 |
2022 |
|
|
|
|
|
£ |
£ |
|
Revaluation of investments |
|
|
|
(397,357.90) |
294,954.26 |
|
Gain/(loss) on sale of investments |
|
|
|
134,998.26 |
90.69 |
|
|
|
|
|
(262,359.64) |
295,044.95 |
| 8 |
Debtors |
|
|
|
|
|
|
|
|
|
|
2023 |
2022 |
|
Amounts falling due within one year: |
|
|
|
£ |
£ |
|
Other debtors |
|
|
|
329.76 |
|
| 9 |
Creditors: amountsfalling due within one year |
|
|
|
|
|
|
|
|
|
|
2023 |
2022 |
|
|
|
|
|
£ |
£ |
|
Othercreditors |
|
|
|
8,926.12 |
7,134.11 |
| 10 |
Fixed asset investments |
2023 |
2022 |
|
|
Investment |
Investment |
|
|
Portfolio |
Portfolio |
|
|
£ |
£ |
|
Market value as at 5 April 2022 |
3,518,355.24 |
3,242,990.24 |
|
Acquisitions in year |
298,904.43 |
188,197.66 |
|
Disposals in year at carrying value |
(404,230.97) |
(215,096.71) |
|
Unrealised surplus on revaluation |
(245,341.53) |
309,325.09 |
|
Increase in cash held by investment manager |
67,202.18 |
(7,061.04) |
|
Market value as at 5April 2023 |
3,234,889.35 |
3,518,355.24 |
|
Listed on recognised stock exchanges |
3,141,461.86 |
3,492,129.93 |
|
Cash deposits |
93,427.49 |
26,225.31 |
|
|
3,234,889.35 |
3,518,355.24 |
|
Historical cost of listed investments at 5April 2023 |
2,279,607.14 |
2,232,917.31 |
| 11 |
Funds |
Unrestricted |
Restricted |
|
|
£ |
£ |
|
Fund balances at 6April 2022 |
232,337.26 |
3,438,461.29 |
|
Income |
99,430.90 |
|
|
Expenditure |
(131,034.79) |
(25,092.47) |
|
Gains/losses on investments |
|
(262,359.64) |
|
Fund balances at 5 April 2023 |
200,733.37 |
3,151,009.18 |
| 12 |
Prior year statement of financial activities |
|
|
|
|
|
Unrestricted |
Restricted |
|
|
|
funds |
funds |
Total |
|
|
£ |
L |
£ |
|
Incomefrom: |
|
|
|
|
Investments |
99,935.16 |
|
99,935.16 |
|
Expenditure: |
|
|
|
|
Raising Funds |
|
(22,049.75) |
(22,049.75) |
|
Charitable activities |
(129,061.00) |
**(2,571.00) ** |
(131,632.00) |
|
Total resources expended |
|
|
|
|
|
(129,061.00) |
**(24,620.75) ** |
(153,681.75) |
|
Net gains/(losses) on investments |
|
295,044.95 |
295,044.95 |
|
Net movement in funds |
(29,125.84) |
270,424.20 |
241,298.36 |
|
Fund balances at 5April 2021 |
261,463.10 |
**3,168,037.09 ** |
3,429,500.19 |
|
Fund balances at 5 April 2022 |
|
|
|
|
|
232,337.26 |
**3,438,461.29 ** |
3,670,798.55 |