2023-04-05-accounts - The Roger Raymond Charitable Trust

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


			Page
Reference and administrative		details
Trustees annual report			2-5
Independent auditor's	report
Statement offinancial	activities		10
Balance sheet
Statement ofcash flows			12
Notes to the financial statements			13-22

Trustees			M G Raymond
			A C KThomson
			CJ Sutton
Chief Executive Officer			M G Raymond
Charity registered		number	262217
Principal office			Forest Edge
			Hangersley Hill
			Ring wood
			Ham pshire
			BH24 3JS
Independent	auditor		Sayers Butterworth		LLP
			Chartered Accountants			&Statutory	Auditor
			3rd Floor
			12Gough Square
			London
			EC4A 3DW
Bankers			National Westminster			Bank Pic
			208 Lower Blandford		Road
			Broadstone (B)
			Dorset
			BH188DT
Property advisors			Messrs Thompson	Wilson
			Chartered Surveyors
			42 High Street
			Princes Risborough
			Buckinghamshire
			HP27 OAX
Investment	advisors		Investec Wealth & 2 Gresham Street	Management
			London
			EC2V 7QP
			Rahn &Bodmer
			Taistrasse 15
			Postfach
			Zurich
			Switzerland

				Total Funds	Total Funds
				(Unrestricted)	(Unrestricted)
			Note	2023	2022
				E
INCOME FROM:
Donations				300,000	33,636
Investment Income
Investment Property				425,427	424,491
Dividends from UK Subsidiary			3	37,500	7,500
Dividends from UK Associate			3	4,667
Securities and Alternative Assets			4	66518	54036
				534112	485 027
Total Income				834,112	519,663
EXPENDITURE ON:
Raising funds:
Investment property management				(245,927)	(224,268)
Investment porffolio management				(32,435)	(32,778)
Charitable activities:
Grants in accordance with charitable		aims	5	(409,384)	(165,291)
Governance and Support Costs			6	~57432	~fg 211
Total Expenditure				(745,178)	(441,548)
INVESTMENT GAINS/(LOSSES)
Investment property				(122,705)	540,645
Equity Investment in Associate				(4,578)	14,725
Equity Investment in Subsidiary				(23,843)	(56,143)
Securities and Other Investments				(186,464)	155,213
Broker bank accounts				9545	954
Net (losses)/gains on investment	assets			328045	658394
NET (EXPENDITURE))INCOME MOVEMENT IN FUNDS	AND			(239,111)	736,509
RECONCILIATION OF FUNDS:
Total funds brought forward				19476 343	t8 739834
			12
TOTAL FUNDS CARRIED FORWARD
The notes on pages 13to 22 form	part ofthese		financial statements.
					Page 10

	Statement	Statement	ofcash flows
	for the	ear ended 5 A ril 2023
				2023		2022
				6		6
Net income for the year as per Statement of
Financial Activities				(239,110)		736,509
Deduct net income relating to investments
Net (losses)/gains			(328,044)		658,394
Ii,vestment asset received as donation			300,000
Dividends, Interest and Rent			~534112		486 027
				506 068		1 144 421
				(745,178)		(407,912)
Adjust for financing derived from	current
asset movements
Decrease/(increase) in debtors			(23,696)		105,397
Increase/(decrease) in creditors			23325		57266
				371		162663
NET CASH USED IN OPERATING	ACTIVITIES			(745,549)		(245,249)
Cash flows relating to investment	activities:
Dividends, Interest and Rent from Investments			534,112		486,027
Proceeds from sale offinancial assets			462,952		580,116
Return ofcapital on closure ofassociate			8,322
Purchase offinancial assets			(519,309)		(465,373)
Disposal/(purchase) ofinvestment	property		306295		~284355
Net cash provided by investing activities				792 372		316415
NET CASH MOVEMENTS FROM ACTIVITIES				46,823		71,166
Change in cash and cash equivalents	due to
exchange rate movements				9546		954
CHANGE IN CASH AND CASH EQUIVALENTS
IN THE YEAR				56,369		72,120
Cash and cash equivalents brought	forward			~244 872		172752
Cash and cash equivalents carried forward
Cash at bank and in hand			230,339		106,536
Broker bank accounts			~70901		138336
The notes on pages 13to 22 form part ofthese financial statements.

				2023f	2022 9
Opening market value	at 6 April 2022			12,900	2,816,564
Value demerged to Roger Raymond		Investments	Limited		(2818,389)
Capital Returned				(8,322)
Unrealised gain/(loss)	on investment			~4578	14 725
Closing market value	at 5 April 2023
Dividends Received

investment.
The valuation at the balance sheet date	was as follows:			2023	2022
				6	5
Opening market value at 6 April 2022				2,862,246
Value received on demerger of Malcolm	Raymond	Investments	Limited		2,813,389
Unrealised gain/(loss) on investment				11420	43857
Closing market value at 5 April 2023
Dividends Received
					Page 16

INCOMEFROMSECURITIESA	ND ALTERNATIVE ASSETS
		Totalfunds	Total funds
		2023	2022
UK securities		39,627	32,188
Overseas securities 8 alternative	assets	23,M1	20,337
Bank and other interest		3590	1511

6.GOVERNANCE AND	SUPPORT COSTS	SUPPORT COSTS	SUPPORT COSTS	SUPPORT COSTS
									Totalfunds			Total funds
									2023 6			2022f
Trustees' Costs (Note	6.1):
Trustees' remuneration									61,875			34,375
Trustees' travel expenses		&sundries							802			175
									62,677			34,550
Less: Allocated to Shaw-White			Estates Ltd Subsidiary						5000			5000
									57,677			29,550
Less: Allocated to Raising Funds (Note 1.7)
Investment property	management						22,500 22,500
Investment portfolio	management							2500		2500
									~25000			~25000
									32,677			4,550
Statutory Accounts Costs:
Audit Fees									10,800			10,800
Valuation Fees									1,500			1,200
Other Support Costs
Legal &Professional									3,253			1,620
Travel and Meetings									6,860			352
Bank charges									408			315
Sundry expenses									2,464			192
Information Technology									470			533
6.1 TRUSTEES' COSTS
Remuneration was payable		to	the following		Trustees,	who are		key management personnel,			of The Roger
Raymond Charitable Trust,		for professional			services	in	accordance		with the provision	of the Trust Deed.
Figures include work performed			on the Trust's subsidiary,				Shaw-White		Estates Limited,	as shown		allocated
above.
									Totalfunds		Total funds
									2023			2022
Remuneration									6
M G Raymond									18,500			22,500
A C KThomson									43,375			9,375
RW Pullen												2500
Total Remuneration
Travel and Meeting Costs reimbursed				to Trustees
M G Raymond									183			175
A C KThomson									619 ~r
There are no direct employees			ofThe	Roger	Raymond	Charitable		Trust.
												Page 19

		Notes to the	Notes to the	Notes to the	Notes to the	financial statements	financial statements	financial statements	financial statements	financial statements
		for the		earended			5A	ril 2023	continued
ESTMENT PROPERTY
													Investment
													property
													E
Cost or valuation
At 6 April 2022													11,175,000
Addition at cost													300,000
Disposal at book value													(300,000)
Revaluation													~120 DDD
At 5 April 2023													11010000
Investment properties		are stated	in the financial				statements		on	an open	market value		basis at 31 March
2023 and were valued		by Messrs.		Thompson		Wilson, Chartered				Surveyors.
CURITIES AND ALTERNATIVE			ASSETS
												2023	2022
												6
Opening market value at 6April				2022							3,176,805		3,133,335
Acquisitions at cost											519,309		455,373
Disposal proceeds											(462,952)		(580,116)
Gains and losses
Realised gains /	(losses) on		disposals		based on
opening market value									(19,618)				/6, 125
Unrealised gains		/ (losses) on		revaluation			in the
year									(225,111)				84,533
Exchange gains	/	(losses) at year end			rate				58265		~186	464'	57455 158213
Closing market value at 5April				2023							~48~
Analysis ofinvestments
Listed investments
													Page 20