OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Page
ReportoftheTrustees 1 to 4
ReportoftheIndependentAuditor 5 to 7
StatementofFinancialActivities 8
StatementofFinancialPosition 9
StatementofCash Flows 10
Notes tothe StatementofCash Flows 11
Notes totheFinancial Statements 12 to 19
Detailed StatementofFinancialActivities 20

31.3.23 31.3.22
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Investment income 2 583,391 582,995
EXPENDITURE ON
Raising funds 3 55,867 53,326
Charitable activities 4
Charitable Donations 489,671 563,881
--
Total 545,538 617,207
Net gains/(losses) on investments (855,697) 968,006
NET INCOME/(EXPENDITURE) (817,844) 933,794
RECONCILIATION OF FUNDS
Total funds brought forward 17,297,863 16,364,069
TOTAL FUNDS CARRIED FORWARD 16,480,019 17,297,863
Statement ofFinancial Position
31 March2023
31.3.23 31.3.22
Unrestricted Total
fund funds
Notes £ £
FIXEDASSETS
Investments
Investments
Investmentproperty		 9
10		 14,840,645
415,875
-		 15,665,306
445,490
15,256,520 16,110,796
CURRENTASSETS
Debtors
Cashat bankandinhand		 11 11,951
1,217,184		 76,412
l,130,lS8
1,229,135 1,206,570
CREDITORS
Amounts fallingduewithinoneyear		 12 (S,636) (19,503)
-
NET CURRENT ASSETS 1,223,499 1,187,067
TOTALASSETSLESSCURRENT
LIABILITIES		 16,480,019 17,297,863
NETASSETS 16,480,019 17,297,863
-
FUNDS
Unrestrictedfunds		 14 16,480,019 17,297,863
TOTALFUNDS 16,480,019 17,297,863

31.3.23 31.3.22
Notes £ £
Cash flows from operating activities
Cashgeneratedfromoperations (378,843) (674,462)
Interestpaid (87) (96)
Netcash usedinoperatingactivities (378,930) (674,558)
Cash flows from investing activities
Purchaseoffixedassetinvestments (391,330) (2,031,810)
Sale offixedassetinvestments 374,851 1,320,686
Interestreceived 45,608 67,491
Dividendsreceived 512,033 489,504
--
Netcashprovided by/(usedin) investingactivities 541,162 (154,129)
Cash flows from financing activities
Newloans inyear (112,447) (20,000)
Loanrepayments inyear 36,913 121,875
Netcash(usedin)/providedby financingactivities (75,534) 101,875
Change in cash and cash equivalents in
the reporting period 86,698 (726,812)
Cash and cash equivalents at the
beginning of the reporting period 2 1,130,158 1,856,970
Cash and cash equivalents at the end of
the reporting period 2 1,216,856 1,130,158
OPERATING ACTIVITIES
31.3.23 31.3.22
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (817,844) 933,794
Adjustments for:
Losses/(gain)oninvestments 946,289 (967,448)
Interestreceived (45,608) (67,491)
Interestpaid 87 96
Dividendsreceived (512,033) (489,504)
Decrease/(increase) indebtors 64,461 (57,662)
Decreaseincreditors (14,195) (26,247)
Net cash used in operations (378,843) (674,462)
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.3.23 31.3.22
£ £
Cashinhand 5,027
Noticedeposits (lessthan 3months) 1,212,157 1,130,158
Overdrafts includedinbankloans andoverdrafts fallingduewithinoneyear (328)
Totalcashandcashequivalents 1,216,856 1,130,158

At 1.4.22 Cashflow At31.3.23
£ £ £
Net cash
Cashatbankandin hand 1,130,158 87,026 1,217,184
Bankoverdraft (328) (328)
1,130,158 86,698 1,216,856
Total 1,130,158 86,698 1,216,856

2. INVESTMENT INCOME
31.3.23 31.3.22
£ £
Rents receivable 25,750 26,000
Investment income receivable 512,033 489,504
Deposit account interest 8,414 17
Other interestreceived 37,194 67,474
-- --
583,391 582,995
--
3. RAISING FUNDS
Raising donations and legacies
31.3.23 31.3.22
£ £
Support costs 9,514 8,287
Investment management costs
31.3.23 31.3.22
£ £
Portfolio management 46,266 44,943
Interestpayable and similarcharges 87 96
--- --
46,353 45,039
-- ---
Aggregate amounts 55,867 53,326
4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
5)
£
Charitable Donations 489,671
--
5. GRANTS PAYABLE
31.3.23 31.3.22
£ £
Charitable Donations 489,671 563,881

31.3.23 31.3.22
£ £
Art, Music andEntertainment 71,729 40,500
HealthandMedicalResearch 81,000 91,210
Religion 16,500 30,000
NatureConservation 55,000 49,000
Civil Society 195,889 224,171
Education 12,553 73,000
Care 42,000 41,000
Hospice 15,000 15,000
489,671 563,881
--
Governance
Management costs Totals
£ £ £
Raisingdonations andlegacies 398 9,116 9,514

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Investmentincome 582,995
EXPENDITURE ON
Raisingfunds 53,326
Charitable activities
CharitableDonations 563,881
Total 617,207
Netgains oninvestments 968,006
Unrestricted
fund
£
NET INCOME 933,794
RECONCILIATION OF FUNDS
Total fundsbroughtforward 16,364,069
TOTAL FUNDS CARRIED FORWARD 17,297,863
9. FIXED ASSET INVESTMENTS
31.3.23 31.3.22
£ £
Shares 14,210,736 15,110,931
Loans 629,909 554,375
14,840,645 15,665,306
Additional informationas follows:
Listed Unlisted
investments investments Totals
£ £ £
MARKET VALUE
At 1 April 2022 14,080,503 747,075 14,827,578
Additions 391,330 391,330
Disposals (443,561) (443,561)
Impairments (20,000) (20,000)
At31 March2023 14,028,272 727,075 14,755,347
PROVISIONS
At 1 April 2022 (400,522) 117,169 (283,353)
Revaluationadjustments 641,026 186,938 827,964
At31 March2023 240,504 304,107 544,611
NET BOOK VALUE
At31 March2023 13,787,768 422,968 14,210,736
At31 March2022 14,481,025 629,906 15,110,931
Other
loans
£
At 1 April 2022 554,375
Newinyear 112,447
Repayments in year (36,913)
At31 March2023 629,909

INVESTMENT PROPERTY
£
FAIR VALUE
At 1 April 2022 445,490
Impairments (29,615)
At31 March2023 415,875
--
NET BOOK VALUE
At31 March2023 415,875
At31 March2022 445,490
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Otherdebtors 11,951 76,412
12. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE ** YEAR
31.3.23 31.3.22
£ £
Bankloans andoverdrafts (seenote 13) 328
Othercreditors 5,308 19,503
-- --
5,636 19,503
--- -
13. LOANS
Ananalysisofthematurityofloans is givenbelow:
31.3.23 31.3.22
£ £
Amounts fallingduewithinoneyearondemand:
Bankoverdrafts 328
--
14. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 infunds 31.3.23
£ £ £
Unrestricted funds
General fund 17,297,863 (817,844) 16,480,019
TOTAL FUNDS 17,297,863 (817,844) 16,480,019
Netmovementinfunds, includedinthe above areas follows:
Incoming Resources Gains and Movement
resources expended losses infunds
£ £ £ £
Unrestricted funds
General fund 583,391 (545,538) (855,697) (817,844)
TOTAL FUNDS 583,391 (545,538) (855,697) (817,844)
Net
movement At
At 1.4.21 infunds 31.3.22
£ £ £
Unrestricted funds
General fund 16,364,069 933,794 17,297,863
TOTAL FUNDS 16,364,069 933,794 17,297,863
Incoming Resources Gains and Movement
resources expended losses infunds
£ £ £ £
Unrestricted funds
General fund 582,995 (617,207) 968,006 933,794
TOTAL FUNDS 582,995 (617,207) 968,006 933,794
Net
movement At
At 1.4.21 infunds 31.3.23
£ £ £
Unrestricted funds
General fund 16,364,069 115,950 16,480,019
TOTAL FUNDS 16,364,069 115,950 16,480,019
Incoming Resources Gains and Movement
resources expended losses infunds
£ £ £ £
Unrestricted funds
General fund 1,166,386 (1,162,745) 112,309 115,950
TOTAL FUNDS 1,166,386 (1,162,745) 112,309 115,950

Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
31.3.23 31.3.22
£ £
INCOME AND ENDOWMENTS
Investment income
Rents receivable 25,750 26,000
Investment income receivable 512,033 489,504
Deposit account interest 8,414 17
Other interestreceived 37,194 67,474
-- --
583,391 582,995
-- --
Total incoming resources 583,391 582,995
EXPENDITURE
Investment management costs
Portfolio management 46,266 44,943
Bank interest 87 96
--
46,353 45,039
Charitable activities
Grants to institutions 489,671 563,881
Support costs
Management
Travel costs 398 169
Governance costs
Auditors' remuneration 5,372 5,044
Sundries 144 194
Accountancy and professional 3,600 2,880
9,116 8,118
---
Totalresources expended 545,538 617,207
Net income/(expenditure) before gains and
losses 37,853 (34,212)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments (68,710) 97,483
Net (expenditure)/income (30,857) 63,271