| Contents | Page |
| Trustees' Annual Report |
1-5 |
| Reference and Administrative Information |
|
| Independent Examiner's Report |
|
| Statement of Financial Activities |
|
| Balance Sheet | |
| Notes to the Financial Statements | 10-17 |
| Unrestricted | Endowment | Total funds | Total funds | |||
|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||
| Note | ||||||
| Income from: | ||||||
| Investment income |
75,032 | 75,032 | 65,081 | |||
| Total income | 75,032 | 75,032 | 65,081 | |||
| Expenditure on: |
||||||
| Cost of raising funds | 14,241 | 14,241 | 12,439 | |||
| Charitable activities |
61,208 | 61,208 | 33,784 | |||
| Total expenditure | 75,449 | 75,449 | 46,223 | |||
| Net gains/(losses) | on | |||||
| investments | 37,576 | 83,637 | 121,213 | 365,542 | ||
| Net income I(expenditure) | 37,159 | 83,637 | 120,796 | 384,400 | ||
| Transfer between | funds | (138,906) | 138,906 | |||
| Net movement in |
funds | (101,747) | 222,543 | 120,796 | 384,400 | |
| Total funds at 1 April | 802,698 | 1,329,050 | 2,131,748 | 1,747,348 | ||
| Total funds at 31 | March | 700,951 | 1,551,593 | 2,252,544 | 2,131,748 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Tangible assets | 316 | 564 | |||||
| Investments | 2,175,336 | 2,088,800 | |||||
| 2,175,652 | 2,089,364 | ||||||
| Current Assets | |||||||
| Debtors | 308 | 366 | |||||
| Investments | 67,240 | 17,399 | |||||
| Cash at bank | 12,422 | 28,065 | |||||
| 79,970 | 45,830 | ||||||
| Creditors: within Net current |
amounts one year assets |
falling due | 10 | ~3,078 | 76,892 | 3,446 42,384 |
|
| Net assets | 2,252,544 | 2,131,748 | |||||
| Funds | |||||||
| Unrestricted | funds | ||||||
| General | funds | 12 | 33,731 | 34,148 | |||
| Designated | funds | 12 | 667,220 | 768,550 | |||
| Endowment | funds | 12 | 1,551,593 | 1,329,050 | |||
| 2,252,544 | 2,131,748 |
| Unrestricted | Endowment | Total funds | Total funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| F | |||||
| Grants | to individuals | 39,929 | 39,929 | 15,488 | |
| Support | costs (see note 3) | 21,279 | 21,279 | 18,296 | |
| 61,208 | 61,208 | 33,784 |
| Support costs | Unrestricted | Endowment | Total funds | Total funds |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| E | F | E | ||
| Wages and salaries | 12,380 | 12,380 | 12,233 | |
| Staff pension costs | 1,148 | 1,148 | 1,089 | |
| Rent and rates | 374 | 374 | ||
| Office costs | 1,473 | 1,473 | 1,809 | |
| Bookkeeping | 609 | 609 | 754 | |
| Travel &subsistence | 11 | 11 | ||
| Website delveopment | 2,160 | 2,160 | ||
| Insurance | 770 | 770 | 772 | |
| Governance | 2,106 | 2,106 | 1,380 | |
| Depreciation | 248 | 248 | 259 | |
| 21,279 | 21,279 | 18,296 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Depreciation | 248 | 259 | ||||
| Independent | examiner's | fee: | ||||
| for current year independent | examination | 813 | 621 | |||
| for current year accounts | preparation | 993 | 759 | |||
| (over)/under | accrual in previous |
year | 300 |
| The aggregate | payroll costs were: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Wages and salaries | 12,380 | 12,233 | |
| Other pension | costs | 1,148 | 1,089 |
| 13,528 | 13,322 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| Tangible fix | ed assets | ||
|---|---|---|---|
| Equipment | Total | ||
| Cost | |||
| At 1 April 2021 | 8,051 | 8,051 | |
| Additions | |||
| Disposals | (4,027) | (4,027) | |
| At 31 March | 2022 | 4,024 | 4,024 |
| Depreciation | |||
| At 1 April 2021 | 7,487 | 7,487 | |
| Charge for the year Eliminations on disposals At 31 March 2022 |
248 ~4,027 3,708 |
248 ~4,027 3,708 |
|
| Net book value | |||
| At 31 March | 2022 | 316 | 316 |
| At 31 March | 2021 | 564 | 564 |
| Investments | |||
|---|---|---|---|
| 2022 | 2021 | ||
| UK quoted investments |
2,242,576 | 2,106,199 | |
| Movement in market value |
|||
| 2022 | 2021 | ||
| f. | |||
| Market value at 1 April | 2,088,800 | 1,711,365 | |
| Acquisitions at cost |
526,533 | 377,931 | |
| Disposal proceeds | (561,210) | (366,038) | |
| Net gain/(loss) on revaluations |
in the year | 121,213 | 365,542 |
| Market value at 31 March | 2,175,336 | 2,088,800 | |
| Cash held on investments | 67,240 | 17,399 | |
| Total value of investments | 2,242,576 | 2,106,199 | |
| Historical cost at 31 March | 1,945,573 | 1,929,525 |
| Quoted investme |
nts as at 31 March |
2022: | |
|---|---|---|---|
| UK Bonds | 46,567 | ||
| Overseas Bonds |
51,090 | ||
| UK Equities | 472,242 | ||
| North American | Equities | 105,419 | |
| European Equities |
142,759 | ||
| Asia Pacific Equities | 40,297 | ||
| Global Investments | 1,022,134 | ||
| Absolute Return |
38,924 | ||
| Property | 59,205 | ||
| Other Investments | 196,697 | ||
| 2,175,336 | |||
| Brewin Dolphin | Cash held | 67,240 | |
| Total UK quoted | investments | 2,242,576 |
| Creditors: amounts falling due within one ye |
ar | |
|---|---|---|
| 2022 | 2021 | |
| Trade creditors | 299 | 194 |
| Accruals | 1,806 | 1,380 |
| Other creditors | 973 | 1,872 |
| 3,078 | 3,446 |
| 11 | Movement | in funds | in funds | |||||
|---|---|---|---|---|---|---|---|---|
| 1 April | Income and | Expenditure | 31 March | |||||
| 2021 | gains | and losses | Transfers | 2022f | ||||
| Unrestricted | funds | |||||||
| General funds | 34,148 | 75,032 | (75,449) | 33,731 | ||||
| Designated | funds: | |||||||
| Invested | funds | 768,550 | 37,576 | (138,906) | 667,220 | |||
| Endowment | funds | 1,329,050 | 83,637 | 138,906 | 1,551,593 | |||
| 2,131,748 | 196,245 | (75,449) | 2,252,544 | |||||
| Prior year comparative | ||||||||
| 1 April | Income and | Expenditure | 31 March | |||||
| 2020 | gains | and losses | Transfers | 2021 | ||||
| f' | F | |||||||
| Unrestricted | funds | |||||||
| General funds | 15,290 | 65,081 | (46,223) | 34,148 | ||||
| Designated | funds: | |||||||
| Invested | funds | 516,326 | 252,224 | 768,550 | ||||
| Endowment | funds | 1,215,732 | 113,318 | 1,329,050 | ||||
| 1,747,348 | 430,623 | ~46,223 | 2,131,748 |
| Analysis of | net assets | ||||
|---|---|---|---|---|---|
| Tangible | Other | ||||
| fixed assets | Investments | net assets | Total | ||
| F | f | F. | |||
| Unrestricted | funds | ||||
| General funds | 316 | 33,415 | 33,731 | ||
| Designated | funds: | ||||
| Invested | funds | 690,983 | (23,763) | 667,220 | |
| Endowment | funds | 1,551,593 | 1,551,593 | ||
| 316 | 2,242,576 | 9,652 | 2,252,544 | ||
| Previous year | |||||
| Tangible | Other | ||||
| fixed assets | Investments | net assets | Total | ||
| F. | F | F | F. | ||
| Unrestricted | funds | ||||
| General funds | 564 | 33,584 | 34,148 | ||
| Designated | funds: | ||||
| Invested | funds | 777,149 | (8,599) | 768,550 | |
| Endowment | funds | 1,329,050 | 1,329,050 | ||
| 564 | 2,106,199 | 24,985 | 2,131,748 |
| 13 Comparative f |
unds | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total funds | |||
| funds | funds | 2021 | |||
| f | |||||
| Income from | |||||
| Investment income |
65,081 | 65,081 | |||
| Total income | 65,081 | 65,081 | |||
| Expenditure on |
|||||
| Raising funds | 12,439 | 12,439 | |||
| Charitable activities |
33,784 | 33,784 | |||
| Total expenditure | 46,223 | 46,223 | |||
| Net gains/(losses) | on investments | 252,224 | 113,318 | 365,542 | |
| Net income / (expenditure) |
and | 271,082 | 113,318 | 384,400 | |
| net movement in funds |
|||||
| Total funds at 1 April | 531,616 | 1,215,732 | 1,747,348 | ||
| Total funds at 31 | March | 802,698 | 1,329,050 | 2,131,748 |