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|---|---|---|---|---|
|Report ofthe Trustees||1|to|7|
|Report ofthe Independent
Auditors||8|to|11|
|Statement ofFinancial Activities|||12||
|Balance Sheet|||13||
|Cash Flow Statemeat|||14||
|Notes to the Cash Flow Statemeut|||||
|Notes to the Financial Statements||16|to|26|
|Detailed Statement ofFinancial|Activities|27|to|28|
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||||2023|2022|
|---|---|---|---|---|
||||Unrestricted|Total|
|||Notes|funds|fundsf|
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies|||30,379|84,693|
|Charitable
activities|||||
|Work Done - Dean and Chapter|||391,366|398,670|
|Work Done - other clients|||442,754|580,794|
|Investment
income|||23,207|9,512|
|Total|||887,706|1,073,669|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Charitable
activities|||817,421|792,817|
|Net gains/(losses)
on investments|||(49,693)|45,722|
|NET INCOME|||20,592|326,574|
|Other recognised gains/gasses)|||||
|Gains/(losses)
on revaluation|offixed assets||(41,770)|(68,738)|
|Net movement
in fuads|||(21,178)|257,836|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward|||1,584,700|1,326,864|
|TOTAL FUNDS CARRIED|FORWARD||1,563,522|1,584,700|
##
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||Balance Sheet
31March 2023|||
|---|---|---|---|
|||2023|2022|
|||Unrestricted|Total|
|||funds|funds|
||Notes|f||
|FIXEDASSETS||||
|Tangible assets|13|48,628|79.012|
|investments|14|920,276|907,083|
|||968,904|986,095|
|CURRENT ASSETS||||
|Stocks|15|81,445|98,129|
|Debtors|16|130,850|151,305|
|Cash at bank and in hand||456,924|456,787|
|||669,219|706,221|
|CREDITORS||||
|Amounts
falling duc within onc year|17|(74,601)|(107,616)|
|NET CURRENT ASSETS||594,618|598,605|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||1,563,522|1,584,700|
|NET ASSETS||1,563,522|1,584,700|
|FUNDS|19|||
|Unrestricted
fUnds||1,563,522|1,584,700|
|TOTAL FUNDS||1,563,522|1,584,700|
##
||||fo|r the Year Ended|31March 2023||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated
from operations||||I|39,923|242,602|
|Interest paid|||||(4,107)|(7,115)|
|Net cash provided
by operating
activities|||||35,816|235,487|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(3,923)|(2,363)|
|Purchase offixed asset investments|||||(528,686)|(455,599)|
|Sale offixed asset investments|||||473,723|366,397|
|Interest received|||||514|892|
|Dividends
received|||||22,693|8,620|
|Net cash used in investing|activities||||(35,679)|(82,053)|
|Change in cash and cash||equivalents|in||||
|the reporting
period|||||137|153,434|
|Cash and cash equivalents||at the|||||
|begianing ofthe reporting||period|||456,787|303,353|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||456,924|456,787|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||f||
|Net income|for the|reporting||period (as per the Statement of Financial|||
|Activities)|||||20,592|326,574|
|Adjustments|for:||||||
|Depreciation|charges||||34,307|43,100|
|Losses/(gain)|on investments||||49,693|(45,722)|
|Interest received|||||(514)|(892)|
|Investment
manager||charges|||4,107|7,115|
|Dividends
received|||||(22,693)|(8,620)|
|Realised (gains)Rosses|||on investments||(49,693)|(46,033)|
|Decrease in|stocks||||te,684|25,952|
|Decrease/(increase)||in|debtors||20,455|(37346)|
|Decrease in|creditors||||(33,015)|(21,626)|
|Net cash provided||by|operations||39,923|242,602|
|ANALYSIS|OF CHANGES|||IN NET FUNDS|||
|||||At 1.4.22|Cash flow|At 31.3.23|
|||||f|f||
|Net cash|||||||
|Cash at bank|and in|hand||456,787|137|456,924|
|||||456,787|137|456,924|
|Total||||456,787|137|456,924|
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|Improvements
to properly|12.5%on cost|
|---|---|
|Plant and machinery|20%on cost|
|Fixtures and fittings|20%on cost|
|Computer
equipment|20%on cost|
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|DONATIONS
AND L|EGACIES||||
|---|---|---|---|---|
||||2023|2022|
||||f|f|
|Grants and donations|||30,379|84,693|
|All ofthe f30,379received in 2023 (2022:f84,693)related to unrestricted||funds.|||
|INVESTMENT INCOME|||||
||||2023f|2022f|
|Fixed asset investment|income||22,693|8,620|
|Deposit account interest|||514|892|
||||23,207|9,512|
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||f|f|
|Work|done|-|Dean|snd Chapter|391,366|398,670|
|Work|done|-|other|clients|442,754|580,794|
##
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|CHARITABLE ACTIVITIES COSTS|||
|---|---|---|
||2023|2022|
||f||
|Direct costs|792,932|779,390|
|Support costs (see note 7)|20,382|13,427|
|SUPPORT COSTS|||
||2023|2022|
|---|---|---|
|||E|
|Governance|20,382|13,427|
##
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|||2023|2022|
|---|---|---|---|
|Auditors'|remuneration|8,825|6,200|
|Depreciation - owned assets||34,307|43,100|
##
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||||2023|2022|
|---|---|---|---|---|
||||f|f|
|Dr lvo Rauch|||398||
|Mrs Camle Milner|||306||
|Professor Christopher|Norton||65||
|STAFF COSTS|||||
||||2023|2022f|
|Wages and salaries|||491,808|479,291|
|Social security costs|||41,513|38,229|
|Other pension costs|||45,810|49,153|
||||579,131|566,673|
|The average monthly|number ofemployees|during the year was as follows:|||
||||2023|2022|
|Charitable
activities|||18|19|
##
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##
|COMPARATIVES FORTHE ST|ATEMENT OF FINANCIAL AC|TIVITIES|
|---|---|---|
|||Unrestricted|
|||funds|
|INCOME AND ENDOWMENTS|FROM||
|Donations
and legacies||84,693|
|Charitable
activities|||
|Work Done - Dean snd Chapter||398,670|
|Work Done - other clients||580,794|
|Investment
income||9,512|
|Total||1,073,669|
|EXPENDITURE ON|||
|Charitable
activities|||
|Charitable
activities||792,817|
|Net gains on investments||45,722|
|NET INCOME||326,574|
|Other recognised
gains/Gasses)|||
|Gains/(losses)
on revaluation offixed assets||(68,738)|
|Net movemeat
in funds||257,836|
|RECONCILIATION
OF FUNDS|||
|Total funds brought
forward||1,326,864|
|TOTAL FUNDS CARRIED FORWARD||1,584,700|
##
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##
|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
||Improvements||Fixtures|||
||to|Plant and|and|Computer||
||property
f|machinery
f|fittings
f|equipment
f|Totals
f|
|COST||||||
|At I April 2022|63,585|141,621|94,427|47,808|347,441|
|Additions||461|1,582|1,880|3,923|
|At 31 March 2023|63,585|142,082|96,009|49,688|351,364|
|DEPRECIATION||||||
|At I April 2022|31,792|116,766|78,594|41,277|268,429|
|Charge for year|7,948|11,371|10,147|4,841|34,307|
|At 31 March 2023|39,740|128,137|88,741|46,118|302,736|
|NET BOOK VALUE||||||
|At 31 March 2023|23,845|13,945|7,268|3,570|48,628|
|At 31 March 2022|31,793|24,855|15,833|6,531|79,012|
|FIXEDASSETINVESTMENTS||||||
||||||Listed|
||||||investments|
||||||f|
|MARKET VALUE||||||
|At I April 2022|||||907,083|
|Additions|||||528,686|
|Disposals|||||(473,723)|
|Revaluations|||||(41,770)|
|At 31 March 2023|||||920,276|
|NET BOOK VALUE||||||
|At 31 March 2023|||||920,276|
|At 31 March 2022|||||907,083|
##
##
|15.|STOCKS||||
|---|---|---|---|---|
||||2023|2022|
||Stocks||81,445|98,129|
|16.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|||
||||2023|2022|
||||f|f|
||Trade debtors||115,599|137,407|
||Prepayments|and accrued income|15,251|13,898|
||||130,850|151,305|
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2023|2022|
||||f||
||Trade creditors||6,355|21,106|
||Social security and other taxes||8,962|9,552|
||VAT||46,323|63,670|
||Other creditors||4,887|5,796|
||Accrued expenses||8,074|7,492|
||||74,601|107,616|
|||||2023|2022|
|---|---|---|---|---|---|
|||||f||
||Within one year|||6,481|6,481|
||Between one|and five years||2,583||
||ln more than|five years||5,811||
|||||14,875|6,481|
|19.|MOVEMENT IN FUNDS|||||
|||||Net||
|||||movement|At At|
||||1.4.22|in fundsf|31.3.23
f|
||Unrestricted|funds||||
||General fund||1,340,951|15,440|1,356,391|
||Peter Gibson|fund|243,749|(36,618)|207,131|
||||1,584,700|(21,178)|1,563,522|
||TOTAL FUNDS||1,584,700|(21,178)|1,563,522|
##
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##
||||Incoming|Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
||||resources
f||expended
f|losses
f|in funds
f|
|Unrestricted|funds|||||||
|General fund|||887,110||(816,972)|(54,698)|15,440|
|Peter Gibson|fund|||596|(449)|(36,765)|(36,618)|
||||887,706||(817,421)|(91,463)|(21,178)|
|TOTAL FUNDS|||887,706||(817,421)|(91,463)|(21,178)|
|Comparatives|for movemeat|in funds||||||
|||||||Net||
|||||||movement|At At|
||||||1.4.21f|in funds
f|31.3.22
f.|
|Unrestricted|fuads|||||||
|General
fund|||||1,082,552|258,399|1,340,951|
|Peter Gibson|fund||||244,312|(563)|243,749|
||||||1,326,864|257,836|1,584,700|
|TOTALFUNDS|||||1,326,864|257,836|1,584,700|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds
f|
|Unrestricted|funds|||||
|General fund||1,071,348|(790,180)|(22,769)|258,399|
|Peter Gibson|fund|2,321|(2,637)|(247)|(563)|
|||1,073,669|(792,817)|(23,016)|257,836|
|TOTAL FUNDS||1,073,669|(792,817)|(23,016)|257,836|
##
##
##
||||Net||
|---|---|---|---|---|
||||movement|At At|
|||1.4.21|in fundsf|31.3.23|
|Unrestricted|funds||||
|General fund||1,082,552|273,839|1,356,391|
|Peter Gibson|fund|244,312|(37,181)|207,131|
|||1,326,864|236,658|1,563,522|
|TOTAL FUNDS||1,326,864|236,658|1,563,522|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||1,958,458|(1,607,152)|(77,467)|273,839|
|Peter Gibson|fund|2,917|(3,086)|(37,012)|(37,181)|
|||1,961,375|(1,610,238)|(114,479)|236,658|
|TOTAL FUNDS||1,961,375|(1,610,238)|(114,479)|236,658|
##
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##
|||Detailed Statemeat ofFina
for the Year Ended 31|ncial Activities
March 2023||
|---|---|---|---|---|
||||2023|2022f|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Grants and donations|||30,379|84,693|
|Investment
income|||||
|Fixed asset investment||income|22,693|8,620|
|Deposit account interest|||514|892|
||||23,207|9,512|
|Charitable
activities|||||
|Work Done - Dean and||Chapter|391,366|398,670|
|Work Done - other clients|||442,754|580,794|
||||834,120|979,464|
|Total incoming
resources|||887,706|1,073,669|
|EXPENDITURE|||||
|Charitable
activities|||||
|Wages|||491,808|479,291|
|Social security|||41,513|38,229|
|Pensions|||45,810|49,153|
|DBSpension adjustment||||(68,048)|
|Materials
adjusted
for stock|||47,567|68,346|
|Rent, rates and water|||9,662|18,896|
|Insurance|||19,575|16,138|
|Light and heat|||3,668|4,827|
|Telephone
and internet|||954|885|
|Printing,
post and stationery|||7,165|6,577|
|Sundries|||5,166|3,708|
|Repairs and renewals|||3,203|5,512|
|Travelling
and subsistence|||30,153|21,717|
|Subscriptions|||179|141|
|Training
and research|||5,636|76|
|Health
and safety|||7,303|9,696|
|Bank charges|||249|865|
|Outside contractors|||32,197|59,076|
|Computer
expenses|||6,817|5,373|
|Dooations||||8,717|
|Improvements
to property depreciation|||7,948|7,948|
|Plant and machinery|depreciation||11,371|14,422|
|Fixtures and fittings|depreciation||10,147|13,023|
|Computer
equipment|depreciation||4,841|7,707|
|investment
manager|charges||4,107|7,115|
||||797,039|779,390|
##
|||for the Year Ended 31Marc|h 2023||
|---|---|---|---|---|
||||2023f|2022f|
|Support costs|||||
|Governance costs|||||
|Auditors'
remuneration|||8,825|6,200|
|Legal and professional||fees|9,281|4,108|
|Accountancy
fees|||2,276|3,119|
||||20,382|13,427|
|Total resources expended|||817,421|792,817|
|Net income before gains||and losses|70,285|280,852|
|Realised recognised|gains and losses||||
|Realised gains/fiosses)|on fixed asset investments||(49,693)|45,722|
|Net income|||20,592|326,574|