| 2023 | 2022 | |||
|---|---|---|---|---|
| Endowment | Total | |||
| fund | funds | |||
| Notes | f | f | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Investment income |
127,255 | 88,353 | ||
| EXPENDITURE ON | ||||
| Raising funds | 25,333 | 16,327 | ||
| Charitable activities |
||||
| Property costs | 314 | |||
| Management and administration |
8,656 | 8,137 | ||
| Grants to institutions | 129,495 | 113,497 | ||
| Total | 163,484 | 138,275 | ||
| Net gains/(losses) on investments |
143,448 | (237,978) | ||
| NET INCOME/(EXPENDITURE) | 107,219 | (287,900) | ||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward | 4,064,597 | 4,352,497 | ||
| TOTAL FUNDS CARRIED FORWARD | 4,171,816 | 4,064,597 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Endowment | Total | |||
| fund | funds | |||
| Notes | f | f | ||
| FIXEDASSETS | ||||
| Investments | 4,146,494 | 4,035,549 | ||
| CURRENT ASSETS | ||||
| Debtors | 10 | 7,317 | 7,003 | |
| Cash at bank | 32,500 | 35,355 | ||
| 39,817 | 42,358 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
(14,495) | (13,310) | ||
| NET CURRENT ASSETS | 25,322 | 29,048 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 4,171,816 | 4,064,597 | ||
| NET ASSETS | 4,171,816 | 4,064,597 | ||
| FUNDS | 12 | |||
| Endowment | funds | 4,171,816 | 4,064,597 | |
| TOTAL FUNDS | 4,171,816 | 4,064,597 |
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | E | |||
| UK dividends and distributions |
from | UK unit trusts | 79,662 | 54,721 |
| Overseas dividends | 22,283 | 18,948 | ||
| Interest on UK fixed interest securities | 5,701 | |||
| Interest on overseas fixed interest securities | 14,120 | 5,356 | ||
| Bank deposit interest | 5,489 | 195 | ||
| Other Interest receivable | 9,133 | |||
| 127,255 | 88,353 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Trustees' expenses |
375 | 187 | |||||
| Insurance | 157 | ||||||
| Independent examiner's |
remuneration | 2,850 | 2,650 | ||||
| Other accountancy | fees | 3,430 | 2,696 | ||||
| Legal and professional | fees | 1,770 | 1,788 | ||||
| Telephone | 816 | ||||||
| Bank charges | 74 | ||||||
| 8,656 | 8,137 | ||||||
| 8. | GAINS/LOSSES ON INVESTMENTS | ||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Realised gain/(loss) | on | disposal of listed investments | (18,060) | (6,964) | |||
| Unrealised gain/(loss) |
on | revaluation | of listed investments | 161,508 | (231,014) | ||
| 143,448 | (237,978) | ||||||
| 9. | FIXEDASSET INVESTMENTS | ||||||
| Listed Investments | 2023 | 2022 | |||||
| f | f | ||||||
| Valuation at 1stJanuary |
2023 | 3,117,744 | 2,370,303 | ||||
| Additions | 1,392,241 | 1,077,964 | |||||
| Disposal proceeds | (556,931) | (92,545) | |||||
| Net realised gains/(losses) | (18,060) | (6,964) | |||||
| Net unrealised gains/(losses) |
161,508 | (231,014) | |||||
| Valuation at 31st |
December 2023 | 4,096,502 | 3,117,744 | ||||
| Historical cost at 31st | December 2023 | 3,771,647 | 3,733,436 | ||||
| Cash | 49,992 | 917,805 | |||||
| Total investment | assets | 4,146,494 | 4,035,549 |
| 10. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f | f | ||||
| Pre payments | 2,232 | ||||
| Accrued income | 7,317 | 4,771 | |||
| 7,317 | 7,003 | ||||
| 11. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | ||||
| E | f | ||||
| Other creditors | 375 | 187 | |||
| Accruals | 14,120 | 13,123 | |||
| 14,495 | 13,310 |