| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Notes | |||
| INCOME | |||
| Investment income |
127,891 | 125,008 | |
| TOTAL INCOME | 127,891 | 125,008 | |
| EXPENDITURE | |||
| Costs ofraising funds | 2,143 | 3,211 | |
| Expenditure on charitable activities |
135,735 | 32,340 | |
| TOTAL EXPENDITURE | 137,878 | 35,551 | |
| NET (EXPENSE)/INCOME | AND NKT MOVEMENT BEFORE | ||
| GAINS AND LOSSESON INVESTMENTS | (9,987) | 89,457 | |
| Net gains/ (losses) un invesiurents |
249,319 | (122,496) | |
| NET MOVEMENTS IN FUND | 239,332 | (33,039) | |
| UNRESTRICTED FUND BALANCE BROUGHT | FORWARD | ||
| AT 1STFEBRUARY, 2021 | 5,486,272 | 5,519,311 | |
| UNRESTRICTED FUND BALANCE CARRIED | FORWARD | ||
| AT31STJANUARY, 2022 | f5,725,604 | f5,486,272 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| Notes | g | g | |||
| FIXEDASSETS | |||||
| Investments | 4,346,559 | 4,805,647 | |||
| CURRENT ASSETS | |||||
| Debtors | 8 | 46,584 | 48,332 | ||
| Cash at bank | 1,392,301 | 667,473 | |||
| 1,438,885 | 715,805 | ||||
| CURRENT LIABILITIES | |||||
| CREDITORS: Amounts | falling due | ||||
| within one year | 9 | (44,340) | (35,180) | ||
| NKT CURRENT | |||||
| ASSETS | 1,394,545 | 680,625 | |||
| TOTAL ASSETS LESS | CURRENT | ||||
| LIABILITIES | |||||
| 5,741,104 | 5,486,272 | ||||
| CREDITORS: Amounts | falling due | ||||
| After more than one year | 10 | (15,500) | |||
| NET ASSETS | I5,725,604 | f5,486,272 | |||
| Represented by: |
|||||
| UNRESTRICTED FUNDS | I'.5,725,604 | I5,486,272 |
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED | NOTES TO THE FINANCIAL STATEMENTS - CONTINUED | |
|---|---|---|
| FORTHE YEARENDED 31STJANUARY, 2022 | ||
| COSTS OFRAISING FUNDS | 2022 | 2021 |
| Investment custody fees |
3,656 | 3,211 |
| Foreign currency gains / losses | (1,513) | |
| f2,143 | 5.3,211 |
| Grants to institutions | 130,895 | 27,500 | ||||
|---|---|---|---|---|---|---|
| Governance costs (note 5) |
4,840 | 4,840 | ||||
| f135,735 | f32,340 | |||||
| Grants were made during | the year or provided | as charitable | commitments | at the end ofthe year to the | ||
| following organisations:- |
||||||
| Clean Rivers Trust | 5,000 | |||||
| Curlew Action | 3,000 | |||||
| Durrell Wildlife Conservation | Trust | 3,745 | ||||
| Etaireia Messeniakon Spoudon |
3,000 | |||||
| Harvard Centre ofHellenic |
Studies | 3,500 | 3,500 | |||
| Keats/Shelley Memorial |
Association | 3,000 | ||||
| London Wildlife Trust | 3,150 | |||||
| National Theatre |
10,000 | |||||
| Manchester City Galleries |
Trust | 5,000 | ||||
| Orchestra OfThe Age OfEnlightenment | 4,000 | |||||
| Oxford Philharmonic Orchestra |
46,500 | |||||
| Rubenianum | 5,000 | |||||
| St Paul's Pro-Cathedral | 10,000 | |||||
| Wordsworth Trust |
26,000 | 24,000 | ||||
| f130,895 | f27,500 |
| 2022 | 2021 | ||
|---|---|---|---|
| g | |||
| Audit fees | 2,340 | 2,340 | |
| Accountancy | fees | 2,500 | 2,500 |
| f4,840 | f4,840 |
| FIXEDASSETINVESTMENTS | Cash held | |||||||
| Listed | as part of | |||||||
| Investments | portfolio | Total | ||||||
| g | g | g | ||||||
| Market Value at 1stFebruary, 2021 | 3,805,307 | 1,000,340 | 4,805,647 | |||||
| Disposals in year | (116,593) | (116,593) | ||||||
| Acquisitions at cost |
408,526 | 408,526 | ||||||
| Net loss on revaluation | 249,319 | 249,319 | ||||||
| Withdrawal ofcash |
(1,000,340) | (1,000,340) | ||||||
| Market Value at 31stJanuary, 2022 | g4,346,559 | f4,346,559 | ||||||
| Historical Cost | ||||||||
| At 31stJanuary, 2022 | f3,360,999 | f3,360,999 | ||||||
| At 31stJanuary, 2021 | f3,069,120 | f1,000,340 | fA,069,460 | |||||
| All the above are UK investments | held | in safe custody forthe: rusl. by EFG Private | Bank Ltd. | |||||
| Investments at fair value comprise |
the following: | |||||||
| 2022 | 2021 | |||||||
| g | g | |||||||
| Equities | 1,599,559 | 724,609 | ||||||
| Bonds | 2,747,000 | 3,080,698 | ||||||
| Cash held as part ofportfolio | 1,000,340 | |||||||
| f4,346,559 | f4,805,647 | |||||||
| All investments are carried at fair value. |
Investments | in equities and bonds are all traded |
in quoted | |||||
| public markets, primarily the London |
Stock Exchange. | The basis offair value for | quoted | investments is |
||||
| equivalent to the market value, using |
the bid price. Asset sales and purchases | are recognised | at the date | |||||
| oftrade at cost (that is their transaction | value). | |||||||
| Holdings representing more than 5%ofthe |
market value | ofthe Trust's investments: | ||||||
| Holding | Market Value | |||||||
| Marks /it Spencer Group pic |
||||||||
| Ordinary Shares of25p each |
Sii,9i0 | 81,114,940 | ||||||
| Glencore Finance 3.125%26/03/26 | 300,000 | 8308,625 | ||||||
| Deutsche Telekom 3.125%06/02/34 Rabobank Nederland 4.875% 10/1/23 |
300,000 400,000 |
2321,534 f412,884 |
| mitigated by obtaining in |
vestment advice and ensuring a div |
ersified portfolio is held. |
||
|---|---|---|---|---|
| 8. | DEBTORS | 2022 | 2021 | |
| Accrued income | f46,584 | f48,332 | ||
| 9. | CREDITORS: Amounts | falling due within one year | ||
| Accruals | 4,840 | 9,680 | ||
| Charitable Commitments |
(Note 11) | 39,500 | 25,500 | |
| f44,340 | f35,180 | |||
| 10. | CREDITORS: Amounts | faHing due after one year | ||
| Charitable Commitments |
(Note 11) | f15,500 |
| g | ||||
|---|---|---|---|---|
| Wordsworth Trust |
24,000 | Within one year | ||
| Oxford Philharmonic Orchestra |
31,000 | Within two years | ||
| ReconciTiation ofCharitable | Commitments | 2022 | 2021 | |
| g | g | |||
| Commitments at 1stFebruary, |
2021 | 25,500 | 61,785 | |
| Payments made in year |
(25,500) | (61,785) | ||
| Commitments made in year |
55,000 | 25,500 | ||
| Commitments at 31stJanuary, |
2022 | f55,000 | f25,500 | |
| Commitments at 31stJanuary, |
2022 are payable as follows:- | |||
| Within one year | 39,500 | 25,500 | ||
| After more than one year | 15,500 | |||
| f55,000 | f25,500 |