## ## ## ## |CORPORATE TRUSTEE|Inman Charity Trustees Limited| |---|---| |DIRECTORS OF THE CORPORATE TRUSTEE|A.L. Walker| |(THE DIRECTORS)|B.M.A. Strother| ||M.R. Mathews| ||J.D. Langdon| ||N.J. Wingerath| |PRINCIPAL ADDRESS|10 New Square| ||Lincoln's Inn| ||London| ||WC2A 3QG| |WEBSITE ADDRESS|www.inmancharity.org| |CHARITY REGISTRATION NUMBER|261366| |INDEPENDENT EXAMINER|Paul Davis FCA| ||Bright Grahame Murray| ||Emperor's Gate, 114a Cromwell Road| ||Kensington, London, SW7 4AG| |INVESTMENT MANAGER (To 30 September 2023) :|Quilter Cheviot| ||Senator House| ||85 Queen Victoria Street| ||London EC4V 4AB| |(From 1 October 2023):|Rathbones Investment Management| ||30 Gresham Street| ||London| ||EC2V 7QN| |BANKERS|CAF Bank| ||25 Kings Hill Avenue| ||Kings Hill| ||West Mailing| ||Kent ME19 4JQ| |SOLICITORS AND ADMINISTRATORS|Payne Hicks Beach LLP| ||10 New Square| ||Lincoln's Inn| ||London WC2A 30G| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## 15 October 2024 ## ## |||Unrestricted|Endowment|| |---|---|---|---|---| ||Notes|Fund|Fund|Total 2023| |||£|£|£| |INCOME AND ENDOWMENTS FROM:||||| |Investments||||| |Investment income|1|181,496||181,496| |Interest receivable||9,382||9,382| |Swiss tax reclaim||2,174||2,174| |Royal Albert Hall Debenture||14,262||14,262| |TOTAL INCOME AND ENDOWMENTS||207,314||207,314| |EXPENDITURE ON:||||| |Raising funds||||| |Investment management costs||3,623|16,169|19,792| |Charitable activities||||| |Promoting and enhancing||||| |charitable work|2|373,487|42,681|416,168| |TOTAL EXPENDITURE||377,110|58,850|435,960| |NET EXPENDITURE BEFORE||||| |INVESTMENT GAINS||(169,796)|(58,850)|(228,646)| |Investment gains/(losses)||||| |Realised|6|12,229|(44,913)|(32,684)| |Unrealised|6|45,183|73,726|118,909| |NET GAINS/(LOSSES) ON||||| |INVESTMENTS||57,412|28,813|86,225| |NET INCOME/(EXPENDITURE) AND||||| |NET MOVEMENT IN FUNDS||(112,384)|(30,037)|(142,421)| |RECONCILIATION OF FUNDS||||| |Total funds brought forward||||| |at 1st January2023||1,307,804|4,456,683|5,764,487| |Total funds carried forward||||| |at 31st December 2023||1,195,420|4,426,646|5,622,066| ## ## |||Unrestricted|Endowment|| |---|---|---|---|---| ||Notes|Fund|Fund|Total 2022| |||£|£|£| |INCOME AND ENDOWMENTS FROM:||||| |Investments||||| |Investment income|1|186,958||186,958| |Interest receivable||1,908||1,908| |Swiss tax reclaim||||| |Royal Albert Hall Debenture||8,343||8,343| |Clearance of CAF Transaction Creditor||118|-|118| |TOTAL INCOME AND ENDOWMENTS||197,327||197,327| |EXPENDITURE ON:||||| |Raising funds||||| |Investment management costs||4,778|18,367|23,145| |Charitable activities||||| |Promoting and enhancing||||| |charitable work|2|428,173|36,378|464,551| |TOTAL EXPENDITURE||432,951|54,745|487,696| |NET EXPENDITURE BEFORE||||| |INVESTMENT GAINS||(235,624)|(54,745)|(290,369)| |Investment gains/losses||||| |Realised|6|(57,889)|(163,716)|(221,605)| |Unrealised|6|(69,369)|(448,057)|(517,426)| |||(127,258)|(611,773)|(739,031)| |NET INCOME/(EXPENDITURE) AND NET||||| |MOVEMENT IN FUNDS||(362,882)|(666,518)|(1,029,400)| |RECONCILIATION OF FUNDS||||| |Total funds brought forward||||| |at 1st January 2022||1,670,686|5,123,201|6,793,887| |Total funds carried forward||||| |at 31st December 2022||1,307,804|4,456,683|5,764,487| |2022|2022||Notes 2023|2023| |---|---|---|---|---| |£|£||£|£| |||FIXED ASSETS||| |||Investments||| |5,218,378||Listed Investments|6|5,301,274| |280,000||Royal Albert Hall Debenture|6|280,000| |5,498,378||||5,581,274| |||CURRENT ASSETS||| ||4,447|Debtors|7 16,561|| ||316,210|Cash at bank and in hand|8 67,578|| ||320,657|TOTAL CURRENT ASSETS|84,139|| |||LIABILITIES:||| |||Creditors: Amounts falling due||| ||(48,548)|within one year|9 (43,347)|| |272,109||NET CURRENT ASSETS||40,792| |5,770,487||TOTAL ASSETS LESS CURRENT LIABILITIES||5,622,066| |||CREDITORS:||| |||Amounts falling due after more||| |(6,000)||than one year|10|| |5,764,487||NET ASSETS||5,622,066| |||THE FUNDS OF THE CHARITY||| |||Capital Fund||| |4,456,683||Endowment Fund|11|4,426,646| |||Income Funds||| |1,307,804||Unrestricted Fund|12|1,195,420| |5,764,487||TOTAL CHARITY FUNDS||5,622,066| |||Approved by the directors of the corporate trustee and signed on their||behalf by:| ||||. 2.|| |||Directors of the Corporate Trustee||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |1|INVESTMENT|INCOME||| |---|---|---|---|---| ||Unrestricted|||Unrestricted| ||Fund|||Fund| ||2022|||2023| ||E|||E| ||68,522|UK equities and collectives||69,386| |||Property collectives||| ||17,296|The Charity Property Fund Units|19,198|| |||Mayfair Capital Investment Management Ltd.||| ||19,653|Property Income Trust for Charities|21,634|| |||||40,832| ||18,205|UK Government and fixed interest securities||22,136| ||61,382|Overseas equities and collectives||44,293| ||1,367|Overseas fixed interest||4,199| ||533|Excess reportable income||650| ||186,958|||181,496| ||_|||| ## |AND ENHANCING CHARITABLE WO|RK||| |---|---|---|---| ||||2023| ||Unrestricted|Endowment|Total| ||Fund|Fund|Funds| ||E|E|E| |Grants awarded to institutions|371,500|-|371,500| |Grant administration costs|7,179|40,215|47,394| |Governance costs (note 3)|2,808|2,466|5,274| |Return of agreed 2022 donation|(8,000)|-|(8,000)| |2023 Total funds|373,487|42,681|416,168| ||||2022| ||Unrestricted|Endowment|Total| ||Fund|Fund|Funds| ||£|£|£| |Grants awarded to institutions|414,000|•|414,000| |Grant administration costs|12,060|34,686|46,746| |Governance costs (note 3)|2,113|1,692|3,805| |2022 Total funds|428,173|36,378|464,551| |is as follows:||| |---|---|---| |Unrestricted||Unrestricted| |Fund||Fund| |2022||2023| |£||£| |32,000|Grant commitments at 1st January 2023|19,000| |414,000|Grants awarded during the year|371,500| |446,000|Grants payable|390,500| |(427,000)|Grants paid during the year|(384,500)| |19,000|Grant commitments at 31st December 2023|6,000| ## |E COSTS|||| |---|---|---|---| ||||2023| ||Unrestricted|Endowment|Total| ||Funds|Fund|Funds| ||£|£|£| |Independent examiner's fee|2,466|2,466|4,932| |Directors' expenses|342||342| ||2,808|2,466|5,274| ||||2022| ||Unrestricted|Endowment|Total| ||Funds|Fund|Funds| ||£|£|£| |Independent examiner's fee|1,692|1,692|3,384| |Directors' expenses|421||421| ||2,113|1,692
-|3,805| ## ## ## |2022||2023| |---|---|---| |E||E| ||LISTED INVESTMENTS|| ||Movements in listed investments during the year were as follows:|| |6,298,086|Market value at 1st January 2023|5,218,378| |487,541|Additions at cost|2,414,175| |(1,049,823)|Disposals at book value|(2,450,188)| ||(proceeds: £2,417,504; realised loss of £32,684)|| |(517,426)|Net unrealised gains/(losses) in year|118,909| |5,218,378|Market value at 31st December 2023|5,301,274| |4,697,153|Cost at 31st December 2023|4,713,955| ## |2022|||2023| |---|---|---|---| |£|||£| ||Listed investments held at 31st December 2023 comprise the||| ||following:||| ||Investments listed on a UK stock exchange||| |1,472,193|UK equities||1,836,129| |580,856|UK Government and fixed interest securities||815,292| |1,087,077|Property collectives||763,369| |3,140,126|||3,414,790| ||Overseas investments||| |2,049,325|Overseas equities and collectives|1,666,451|| |28,927|Fixed interest|220,033|| ||||1,886,484| |5,218,378|||5,301,274| ||At 31st December 2023 the following individual holdings had a material market||| ||value in the context of the entire portfolio:||| |||% of|Value| |||Portfolio|£| ||The Charities Property Fund Units|7.8|412,301| ||Mayfair Capital Investment Management Ltd.||| ||Property income Trust for Charities|6.6|351,068| ||OTHER INVESTMENTS||| ||Movements in the Royal Albert Hall Debenture during the year were as follows:||| |280,000|Market value at 1st January 2023||280,000| |-|Net unrealised gains/(losses) in year||| |280,000|Market value at 31st December 2023||280,000| |280,000|Cost at 31st December 2023||280,000| |7|DEBTORS||| |---|---|---|---| ||2022||2023| ||E||E| ||1,360|Accrued income|14,749| ||3,087|Other debtors|1,812| ||4,447||16,561| |8|CASH AT BANK AND IN HAND||| ||2022||2023| ||E||E| ||119,870|CAF Bank|47,764| ||186,347|Rathbones Investment Management|19,814| ||9,993|Payne Hicks Beach|| ||316,210||67,578| |9|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|| ||2022||2023| ||E||E| |||Accruals for grants payable|| |||Inman Charity Undergraduate Dental Research Award|| ||6,000|(at King's College London)|6,000| |||Inman Charity Medical Research Fund|| ||7,000|(at King's College London)|-| |||Trade creditors|| ||5,479|Investment manager's fees|6,855| ||23,336|Grant administration costs|26,989| |||Statutory audit fees|| ||3,048|For the year ended 31 December 2020|| |||Independent examination fees|| ||3,264|Forthe year ended 31 December 2022|| |||For the year ended 31 December 2023|3,300| |||Other creditors|| ||421|Directors' expenses|203| ||48,548||43,347| ||||-| |10|CREDITORS:|AMOUNTS FALLING DUE AFTER ONE YEAR|| ||2022||2023| ||E||E| |||Accruals for grants payable|| |||Inman Charity Undergraduate Dental Research Award|| ||6,000|(at King's College London)|| ||6,000||_| ## |At 1 January||Investment At 31|December| |---|---|---|---| |2023|Income Expenditure|Gains/(losses) 2023|| |£|£|£|£| |4,456,683|(58,850)|28,813|4,426,646| |At 1 January||Investment At 31|December| |2022|Income Expenditure|Gains/(losses) 2022|| |£|£|£|r| |5,123,201|(54,745)|(611,773)|4,456,683| |e as follows:|| |---|---| ||2023| ||£| |Independent examiner's fee|2,466| |Grant administration costs|40,215| |Investment management costs|16,169| ||58,850| |e as follows:|| |---|---| ||2022| ||£| |Independent examiner's fee|1,692| |Grant administration costs|34,686| |Investment management costs|18,367| ||54,745| ## ## |D||||| |---|---|---|---|---| |At 1 January|||Investment At 31|December| |2023|Income|Expenditure|Gains/(losses) 2023|| |£||£|£|£| |1,307,804|207,314|(377,110)|57,412|1,195,420| |At 1 January|||Investment At 31|December| |2022|Income|Expenditure|Gains/(Iosses) 2022|| |£||£|£|£| |1,670,686|197,327|(432,951)|(127,258)|1,307,804| ## |Funds balances at 31st December 2023 are rep|resented by:||| |---|---|---|---| ||Unrestricted|Endowment|Total| ||Fund|Fund|Funds| ||£|£|£| |Listed investments|766,438|4,534,836|5,301,274| |Royal Albert Hall Debenture|280,000||280,000| |Net current assets/(liabilities)|148,982|(108,190)|40,792| ||1,195,420|4,426,646|5,622,066| |Unrealised gains on listed investments|93,119|494,201|587,320| |Reconciliation of movements in|||| |unrealised gains on investment assets|||| |Unrealised gains at 1st January 2023|107,062|355,393|462,455| |Adjustment to brought forward values||58,770|58,770| |Adjusted in respect of disposals in year|(59,126)|6,312|(52,814)| ||47,936|420,475|468,411| |Add: Net gains arising on|||| |investment revaluation in year|45,183|73,726|118,909| |Unrealised gains at 31st December 2023|93,119|494,201|587,320| ## |Funds balances at 31st December2022 are rep|resented by:||| |---|---|---|---| ||Unrestricted|Endowment|Total| ||Fund|Fund|Funds| ||r|£|£| |Listed investments|847,030|4,371,348|5,218,378| |Royal Albert Hall Debenture|280,000||280,000| |Net current assets/(liabilities)|181,036|85,374|266,109| ||1,308,066|4,456,722|5,764,487| |Unrealised gains on listed investments|107,062|355,393|462,455| |Reconciliation of movements in|||| |unrealised gains on investment assets|||| |Unrealised gains at 1st January 2022|199,739|872,730|1,072,469| |Adjusted in respect of disposals in year|(23,308)|(69,280)|(92,588)| ||176,431|803,450|979,881| |Less: Net gains arising on|||| |investment revaluation in year|(69,369)|(448,057)|(517,426)| |Unrealised gains at 31st December 2022|107,062|355,393|462,455| ## |GRANTS AWARDED DURING THE YEAR:|Amount (£)| |---|---| |Bursary Fund|| |Victor Inman Bursary Fund at Uppingham School|30,000| |Medical - Research|| |Action Against AMD|10,000| |Alzheimer's Research UK|5,000| |Asthma + Lung UK|5,000| |Bone Cancer Research Trust|6,500| |Bowel Research UK|6,500| |Cystic Fibrosis Trust|6,500| |Lupus UK|6,500| |Macular Society|6,500| |Prevent Breast Cancer|6,500| |Prostate Cancer Research|6,000| |The Eve Appeal|6,500| |Wellbeing of Women|7,000| |Social - Deaf and Blind|| |Bolton Deaf Society|5,000| |Bury Society for Blind and Partially Sighted People|5,000| |Deafillind UK|5,000| |Insight Gloucestershire|5,000| |Listening Books|5,000| |Living Options Devon|5,000| |Nystagmus Network|5,000| |One Place East|3,000| |Sight Support West of England|5,000| |Social - Hospices|| |Hospice UK|10,000| |Isabel Hospice|5,000| |Peace Hospice Care|3,000| |Severn Hospice|5,000| |Shipston Home Nursing|5,000| |St Raphael's|5,000| |St Wilfrid's Hospice|3,750| |St, Andrew's Hospice|2,750| |St. Joseph's Hospice|5,000| |Social - Older People and Social Welfare|| |All People Al! Places|5,000| |Be Free YC|5,000| |Clothing Solutions for Disabled People|5,000| |Community Connexions|5,000| ||Carried Forward 216,000| |GRANTS AWARDED DURING THE YEAR (Continued):|Brought Forward|216,000| |---|---|---| |Social - Older People and Social Welfare (continued)||| |Countrymen||5,000| |Essex Respite and Care Association||5,000| |Evergreen Care UK||5,000| |FISH Neighbourhood Voluntary Care Scheme||5,000| |Glossopdale Furniture Project||5,000| |Harrogate Easier Living Project||5,000| |Memories are Golden||5,000| |NewStarts||5,000| |Re-engage||5,000| |Samaritans||5,000| |Serve||5,000| |The Carers' Centre||5,000| |The Matthew Tree Project||5,000| |The Rural Coffee Caravan||4,500| |The Welcome Centre||5,000| |The Wiltshire Bobby Van Trust||5,000| |Young Carers Development Trust||5,000| |Z2K||5,000| |Social - Physically and Mentally Disabled||| |Acorn Village||3,750| |Branching Out||3,250| |Newent Association for the Disabled||4,000| |Redbridge Respite Care Association||5,000| |Walton Lea Partnership||5,000| |Armed Forces||| |Royal Hospital Chelsea||3,000| |SSAFA||3,500| |Veterans Aid||5,000| |Walking with the Wounded (WWTW)||3,500| |Waterloo Uncovered||5,000| |Medical General||| |Different Strokes||5,000| |Encephalitis Society||5,000| |SANE||5,000| |Sussex MS Centre||5,000| |General||| |Medical Detection Dogs||5,000| |Total Grants awarded during 2023: E 371,500||| |Total grants and donations to institutions awarded during 2022 amounted to g414,000.|||