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2024-04-05-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 |
Vermeer Partners |
|
130 Jermyn Street |
|
London |
|
SW1Y4UR |
|
|
Page |
| Trustees' report |
|
1-2 |
| Statement oftrustees· responsibilities |
|
3 |
| Independent examiner's report |
|
4 |
| Statement offinancial activities |
|
5 |
|
o |
|
| Balance sheet |
|
6 |
| Notes tothe accounts |
|
7-11 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
2024 |
2023 |
|
Notes |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Investments |
|
102,782.22 |
|
102,782.22 |
99,430.90 |
| Expenditure on: |
|
|
|
|
|
| Raisingfunds |
2 |
|
(19,226.16) |
(19,226.16) |
(20,879.68) |
| Charitable activities |
3 |
(111,189.41) |
(4,773.41) |
(115,962.82) |
(135,247.58) |
| Total resources expended |
|
(111,189.41) |
(23,999.57) |
(135,188.98) |
(156,127.26) |
| Net gains/(losses) on investments |
7 |
|
480,719.16 |
480,719.16 |
(262,359.64) |
| Net movementinfunds |
|
(8,407.19) |
456,719.59 |
448,312.40 |
(319,056.00) |
| Fund balances at 6April 2023 |
|
200,733.37 |
3,151,009.18 |
3,351,742.55 |
3,670,798.55 |
| Fund balances at 5 April 2024 |
|
192,326.18 |
3,607,728.77 |
3,800,054.95 |
3,351,742.55 |
|
|
|
|
2024 |
|
2023 |
|
Notes |
|
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
|
| Investments |
10 |
|
|
3,695,198.76 |
|
3,234,889.35 |
| Current assets |
|
|
|
|
|
|
| Debtors |
8 |
165.21 |
|
|
329.76 |
|
| Cash at bank and in hand |
|
114,662.93 |
|
|
125,449.56 |
|
|
|
114,828.14 |
|
|
125,779.32 |
|
| Creditors: amounts falling due within |
9 |
|
|
|
|
|
| one year |
|
(9,971.95) |
|
|
(8,926.12) |
|
| Net current assets |
|
|
|
104,856.19 |
|
116,853.20 |
| Total assets less current liabilities |
|
|
|
3,800,054.95 |
|
3,351,742.55 |
| Funds |
11 |
|
|
|
|
|
| Restricted funds |
|
|
|
3,607,728.77 |
|
3,151,009.18 |
| Unrestricted funds |
|
|
|
192,326.18 |
|
200,733.37 |
|
|
|
|
3,800,054.95 |
|
3,351,742.55 |
|
- |
3] |
a-
0a_gq o29_ |
|
|
|
| Jennifer Helen Fraser |
Mat¡J'krist |
|
|
|
|
|
| Trustee |
Trustee |
|
|
|
|
|
|
Creditors are recognised at the amounts the charity anticipates it will pay to settle a debt. |
Creditors are recognised at the amounts the charity anticipates it will pay to settle a debt. |
Creditors are recognised at the amounts the charity anticipates it will pay to settle a debt. |
|
2 |
Raising funds |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Investment management |
'
• |
19,226.16 |
20,879.68 |
|
|
|
19,226.16 |
20,879.68 |
| 3 |
Charitable activities |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Grant funding of activities (see note 4) |
|
105,000.00 |
125,250.00 |
|
Share of governance costs (see note 5) |
|
10,962.82 |
9,997.58 |
|
|
|
115,962.82 |
135,247.58 |
4 |
Grants payable |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Grants to institutions: |
|
|
|
|
Elderly |
|
19,000.00 |
19,000.00 |
|
Children |
|
17,000.00 |
22,000.00 |
|
Blind and otherwise handicapped |
|
19,000.00 |
24,000.00 |
|
Medical research |
|
40,000.00 |
41,250.00 |
|
Environmental heritage |
|
10,000.00 |
19,000.00 |
|
|
|
105,000.00 |
125,250.00 |
| 5 |
Supportcosts |
|
|
|
|
|
|
|
Governance |
|
2024 |
|
2023 |
|
|
costs |
|
|
|
|
|
|
|
£ |
£ |
|
£ |
|
Legal fees |
9,546.82 |
|
9,546.82 |
|
8,425.58 |
|
Independent Examiner fees |
1,416.00 |
|
1,416.00 |
|
1,572.00 |
|
|
10,962.82 |
|
10,962.82 |
|
9,997.58 |
|
Charitable activities |
10,962.82 |
|
10,962.82 |
|
9,997.58 |
| 6 |
Trustees |
|
|
|
|
|
|
No expenses or remunerations were paid to any of |
|
the |
trustees duringthe year. |
|
|
| 7 |
Net gains/(losses) on investments |
|
|
|
|
|
|
|
|
|
4 |
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
|
£ |
£ |
|
Revaluation of investments |
|
|
|
170,112.56 |
(397,357.90) |
|
Gain/(loss) on sale of investments |
|
|
|
310,606.60 |
134,998.26 |
|
|
|
|
|
480,719.16 |
(262,359.64) |
| 8 |
Debtors |
|
|
|
|
|
|
|
|
|
|
2024 |
2023 |
|
Amounts falling due within one year: |
|
|
|
£ |
£ |
|
Other debtors |
|
|
|
165.21 |
329.76 |
| 9 |
Creditors: amounts falling due within one year |
|
|
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
|
£ |
£ |
|
Other creditors |
|
|
|
9,971.95 |
8,926.12 |
| 1 O |
Fixed asset investments |
2024 |
2023 |
|
|
Investment |
Investment |
|
|
Portfolio |
Portfolio |
|
|
£ |
£ |
|
Market value as at 5Apri 2023 |
3,234,889.35 |
3,518,355.24 |
|
Acquisitions in year |
936,983.88 |
298,904.43 |
|
Disposals in year at carrying value |
(1,174,046.90) |
(404,230.97) |
|
Unrealised surplus on revaluation |
446,761.92 |
(245,341.53) |
|
Increase in cash held by investment manager |
250,610.51 |
67,202.18 |
|
Market value as at 5 April 2024 |
3,695,198.76 |
3,234,889.35 |
|
Listed on recognised stock exchanges |
3,351,160.76 |
3,141,461.86 |
|
Cash deposits |
344,038.00 |
93,427.49 |
|
|
3,695,198.76 |
3,234,889.35 |
|
Historical cost of listed investments at 5April 2024 |
2,319,193.48 |
2,279,607.14 |
| 11 |
Funds |
Unrestricted |
Restricted |
|
|
£ |
£ |
|
Fund balances at 6April 2023 |
200,733.37 |
3,151,009.18 |
|
Income |
102,782.22 |
|
|
Expenditure |
(111,189.41) |
(23,999.57) |
|
Gains/losses on investments |
|
480,719.16 |
|
Fund balances at 5April 2024 |
192,326.18 |
3,607,728.77 |
| Prior year statement of financial activities |
|
|
|
|
Unrestricted |
Restricted |
|
|
funds |
funds |
Total |
|
£ |
£ |
£ |
| Incomefrom: |
|
|
|
| Investments |
99,430.90 |
|
99,430.90 |
| Expenditure: |
|
|
|
| Raising Funds |
|
(20,879.68) |
(20,879.68) |
| Charitable activities |
(131,034.79) |
(4,212.79) |
(135,247.58) |
| Total resources expended |
|
|
|
|
(131,034.79) |
(25,092.47) |
(156,127.26) |
| Net gains/(losses) on investments |
|
(262,359.64) |
(262,359.64) |
| Net movement in funds |
(31,603.89) |
(287,452.11) |
(319,056.00) |
| Fund balances at 5April 2022 |
232,337.26 |
3,438,461.29 |
3,670,798.55 |
| Fund balances at 5April 2023 |
|
|
|
|
200,733.37 |
3,151,009.18 |
3,351,742.55 |