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2024-12-31-accounts
| Ended 31 December2024 |
|
| Contents |
Pages |
| Members of the Board and Professional Advisers |
1 |
| Trustees' Annual Report |
2 - 5 |
| Independent Examiner's Report to the Trustees |
6 |
| Statement of Financial Activities |
7 |
| Balance Sheet |
8 |
| Notes to the Financial Statements |
9 - 13 |
| Charity number |
261932 |
|
|
|
| The Board of Trustees |
Mrs S K Austen-
Chairman
Mr C M Linton-
Hon. Secretary (from
Drj M Goldman
Mr S MacOermott |
|
1 |
July 2024) |
|
Mr T G Parry |
|
|
|
|
Mr C Siegle-
Hon. Secretary (resigned |
|
|
1 July 2024) |
| Independent Examiner |
Bishop Fleming Audit Limited |
|
|
|
|
Chartered Accountants |
|
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Brook House |
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Winslade Park |
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Manor Drive |
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Clyst St Mary |
|
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EX5 1FY |
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| Bankers |
CAF Bank Limited |
|
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25 Kings Hill Avenue |
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Kings Hill |
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West Malling |
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Kent |
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ME19 4JQ |
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| Solicitors |
Kitsons |
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Minerva House |
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Orchard Way |
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Edginswell Park |
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Torquay |
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|
Devon |
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TQ1 7FA |
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| Investment Managers |
Brewin Dolphin |
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Vantage Point |
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Woodwater Park |
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Pynes Hill |
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Exeter |
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EX2 5FD |
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| 31 December2024 |
|
|
|
|
|
|
Note |
|
|
|
|
|
|
2024 |
|
2023 |
|
|
|
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Investments |
6 |
|
2,051,218 |
|
2,372,766 |
| Current assets |
|
|
|
|
|
| Debtors |
7 |
7,288 |
|
9,007 |
|
| Cash at bank and in hand |
|
63,283 |
|
23,092 |
|
|
|
70,571 |
|
32,099 |
|
| Creditors: Amounts falling due |
|
|
|
|
|
| within one year |
8 |
(634,193) |
|
(994,450) |
|
| Net current (liabilities) |
|
|
(563,622) |
|
(962,351) |
| Total assets less current liabilities |
|
|
1,487,596 |
|
1,410,415 |
| Creditors: Amounts fallingdue |
|
|
|
|
|
| after more than one year |
9 |
|
(162,488) |
|
(178,611) |
| Net assets |
|
|
1,325,108 |
|
1,231,804 |
| Represented by: |
|
|
|
|
|
| Unrestricted reserves |
10 |
|
1,325,108 |
|
1,231,804 |
|
|
Unrestricted |
Restricted |
Total Funds |
Total Funds |
|
|
Funds |
Funds |
2024 |
2023 |
|
Note |
£ |
£ |
£ |
£ |
| Incoming resources |
|
|
|
|
|
| Donations and legacies |
|
|
|
|
|
| Investment Income |
3 |
65,594 |
- |
65,594 |
75,642 |
| Total incoming resources |
|
65,594 |
- |
65,594 |
75,642 |
| Resources expended |
|
|
|
|
|
| Costs ofraising funds.' |
|
|
|
|
|
| Investment management costs |
|
14,859 |
- |
14,859 |
19,085 |
| Expenditure on charitable activities: |
|
|
|
|
|
| Charitable activities: Grants |
4 |
59,538 |
- |
59,538 |
67,829 |
| Governance costs |
5 |
10,312 |
- |
10,312 |
12,851 |
| Total resources expended |
|
84,709 |
- |
84,709 |
99,765 |
| Net (outgoing) resources before transfers |
|
|
|
|
|
| and other recognised gains and losses |
|
|
|
|
|
|
|
(19,115) |
- |
(19,115) |
(24,123) |
| Other recognised gains and losses: |
|
|
|
|
|
| Realised and unrealised gains / (losses) |
|
|
|
|
|
| on investments |
6 |
112,419 |
- |
112,419 |
190,657 |
| Net movement in funds |
|
93,304 |
- |
93,304 |
166,534 |
| Reconciliation offunds |
|
|
|
|
|
| Total funds at1 January 2024 |
10 |
1,231,804 |
- |
1,231,804 |
1,065,270 |
| Total funds at 31 December 2024 |
|
1,325,108 |
- |
1,325,108 |
1,231,804 |
| Investment income |
|
|
|
2024 |
2023 |
|
Total |
Total |
| Unrestricted Funds: |
£ |
£ |
| Dividends and interest from |
|
|
| investments |
62,221 |
73,924 |
| Bank interest |
3,373 |
1,718 |
|
65,594 |
75,642 |
| Charitable activities |
|
|
|
2024 |
2023 |
|
Total |
Total |
| Unrestricted Funds: |
£ |
£ |
| Grants committed |
61,904 |
112,771 |
| Grants written off |
(4,110) |
(46,667) |
| Medical lecture costs |
1,494 |
1,725 |
| Other |
250 |
|
|
59,538 |
67,829 |
| Number of grants committed |
1 |
2 |
| Governance costs |
|
|
|
2024 |
2023 |
|
Total |
Total |
| Unrestricted Funds." |
£ |
£ |
| Sundry expenses |
64 |
71 |
| Honorariums |
7,200 |
10,800 |
| Legal and professional fees |
3,048 |
1,980 |
|
10,312 |
12,851 |
| Investments |
|
|
|
|
|
Investments |
Cash |
2024 |
2023 |
|
|
|
TOTAL |
TOTAL |
|
£ |
£ |
£ |
£ |
| Designated Funds |
|
|
|
|
Market value at
1 January 2024 |
2,340,041 |
32,725 |
2,372,766 |
2,300,036 |
| Disposal proceeds |
(1,569,340) |
- |
(1,569,340) |
(1,075,927) |
| Investment additions |
1,570,373 |
- |
1,570,373 |
1,068,000 |
| Realised and unrealised gain |
112,419 |
- |
112,419 |
190,657 |
| Cash withdrawn from the investments |
(435,000) |
- |
(435,000) |
(110,000) |
| Net cash movement |
(39,423) |
39,423 |
|
|
| Market value at 31 December 2024 |
1,979,070 |
72,148 |
2,051,218 |
2,372,766 |
| Debtors |
|
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
| Investment |
income |
7,288 |
9,007 |
| Creditors-amounts falling due withi |
n one year |
|
|
2024 |
2023 |
|
£ |
£ |
| Accruals |
18,985 |
13,885 |
| Grants |
615,208 |
980,565 |
|
634,193 |
994,450 |
| 2024 |
2023 |
| £ |
£ |
| 162,488 |
178,611 |
|
|
|
Balance |
Incoming |
|
Balance |
|
|
|
at |
forthe |
Transfer |
at 31 |
|
|
|
1 January
2024 |
year
£ |
between
funds |
December
2024 |
|
|
|
£ |
|
£ |
£ |
| Total |
general |
funds |
1,231,804 |
93,304 |
- |
1,325,108 |
| Analysis of net assets (betw |
een restricted and unres |
tricted funds |
) |
|
|
|
Net |
Long |
|
|
|
Current |
Term |
Fund |
|
Investments |
Liabilities |
Liabilities |
Balances |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General funds |
2,051,218 |
(563,622) |
(162,488) |
1,325,108 |