2023-04-05-accounts

MIDHURST PENSIONS TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR E￿DED 5 APIUL 2023

						2023	2023	2022
					Note	Unrestricted	Total	Prior year
						funds	funds	total funds
						g	f	8
Income from:
Investments						61,511	61,511	49,668
Total						61,511	61,511	49,668
Expenditure on:
Raising funds						2,434	2,434	2,513
Charitable activities						53,588	53,588	50,981
Total						56,022	56,022	53,494
Net income/(expenditure)						5,489	5,489	(3,826)
Other recognised		gains/Gooses):
Gains/(losses)	on investment			assets	10	(304,674)	(304,674)	311,341
Net movement	in	funds				(299,185)	(299,185)	307,515
Reconciliation	of	funds:
Total funds brought			forward		15	6,739,529	6,739,529	6,432,014
Total funds carried			forward			6,440,344	6,440,344	6,739,529

	Note	2023	2022
		Total	Prior year
		funds	funds
		8	8
Fixed Assets:
Investments	10	5,859,466	6,239,517
Total Fixed Assets		5,859,466	6,239,517
Current Assets:
Debtors	11		925
Cash at bank	12	584,648	499,087
Total Current Assets		584,648	500,012
Liabilities:
Creditors: Amounts falling due within one year	13	(3,770)
Net Current Assets or Liabilities		580,878	500,012
Total Net Assets or Liabilities		6,440,344	6,739,529
The Funds ofthe Charity:
Unrestricted funds	15	6,440,344	6,739,529
Total Charity Funds		6,440,344	6,739,529

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	Charity. Co	w	dray Trust L	imited c	harged administration ex	penses off28,3	03 [2022:f25,619	].
4	Investment		income					2023	2022
	Income from		investments					58,835	49,656
	Deposit interest							2,676	12
								61,511	49,668
5	Expenditure		on raising	funds				2023	2022
									f
	Investment	management		fees				2,434	2,513
								2,434	2,513
6	Charitable	activities
						Direct costs	Support costs	2023	2022
						(see note 7)	(see note 8)	Total	Total
						8	8
	Charitable	expenditure				17,884	35,704	53,588	50,981
7	Direct costs
	Analysis of		grants made
							Grants to	Grants to
							institutions	individuals	Total
							8		8
	Relief ofthose in need, by reason				ofyouth, age, ill-health,
	disability, financial			hardship	or other disadvantage			17,884	17.884
								17,884	17,884

Support costs					2023	2022
Administration expenses					28,303	25,619
Bank charges					2	2
Rathbones Trust Company		Limited fees			4,200	4,200
Prior year overprovision	ofIndependent		examination	fee		(960)
Legal Entity Identitication		number fee				74
Portfolio Stewardship fees					3,199	3,419
					35,704	32,354

Fixed asset investments	2023	2022
	8
Market value brought forward	6,239,517	6,058,312
Less disposal proceeds	(75,377)	(130,136)
Net gains/(losses) on investments	(304,674)	311,341
Market value carried forward	5,859,466	6,239,517
Geographical analysis	2023	2022
United Kingdom investments	5,847,401	6,228,026
Overseas investments	12,065	11,491
	5,859,466	6,239,517

Debtors		2023	2022
		f
Administration	Expenses		925
			925

12	Cash at bank							2023	2022
								g
	Royal Bank of	Scotland						391,357	321,248
	Schroder &Co							192,914	177,462
	National Westminster		Bank					377	377
								584,648	499,087
13	Creditors: Amounts		falling due		within one year			2023	2022
								g	g
	Administration	Expenses						571
	Investment management			fees				3,199
								3,770
14	Movement in funds							2023	2022
	Unrestricted funds:
	Balance brought	forward						6,739,529	6,432,014
	Net movement	in funds						(299,185)	307,515
	Balance carried	forward						6,440,344	6,739,529
	Net movement	in funds included			in the above are as follows:
								Gains and	Mavement
						income	Outgoings	losses	ln funds
							g
	Unrestricted Funds					61,511	(56,022)	(304,674)	(299,185)