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|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|
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||||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|
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||||||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|
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|||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|
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||||||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||
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|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.|
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|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|
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|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|
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|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|
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|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|
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|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|