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||||Contents||
|---|---|---|---|---|
|||||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||||||
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|||||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|
##
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||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.|||||||
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|2.|DONATIONS|RECEIVED|RECEIVED||2023|2022|
|---|---|---|---|---|---|---|
||||||5||
||The Roger Raymond||Charitable|Trust No 2|300,000||
||Shaw-White|Estates|Limited (Note 3.3)|||33636|
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|||||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|
##
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||||2023|2022|
|---|---|---|---|---|
|Opening|market|value at 6 April 2022|1,991,320|2,091,320|
|Unrealised
loss||on investment|36263|j~f~00|
|Closing|market|value at 5 April 2023|||
##
|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|
##
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|Grants
in accordan|ce with charitable aims:|||
|---|---|---|---|
|||Totalfunds|Total funds|
|||2023
F|2022f|
|Bloxham School||122,884|101,391|
|Alford House||22,500||
|Arkwright
Engineering||4,600|4,400|
|ATE||40,000||
|Crisis||2,000|4,000|
|DEKI||32,500||
|DSWF||10,000||
|Fishing for Heroes||5,000||
|Five Talents||27,500||
|Isabel Baker Fund||2,500||
|Macmillan
Christchurch||2,500||
|Ocean Cleanup||2,000||
|RAFA||10,000||
|Re-Cycle||5,000||
|Remap||2,000||
|Rewilding
Britain||1,000||
|Sand Dams Worldwide||32,500||
|Saracens Sports Foundation||35,000||
|Sobell House||2,000||
|SpecialEffect||1,000||
|Surrey Cricket Board||10,000||
|Tear Fund||1,000||
|Trussell Trust||5,000||
|Volunteering
matters||2,000||
|WillowTree
Foundation||18.500||
|World Land Trust||10,000||
|Barnados|||4,000|
|British Red Cross|||4,000|
|CALM|||10,000|
|DEC - Afghanistan|Appeal||4,000|
|MacMillan|||2,000|
|Practical Action|||5,000|
|Salvation
Army|||2,000|
|Shelter|||2,000|
|Sightsavers|||10,000|
|Stokenchurch
Dog|Rescue||2,000|
|Trussell Trust|||4,000|
|Water Aid|||5,000|
|Under 82,000||400|1500|
##
|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|
##
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|||f|orthe
ear ended 5 A ril 2023 c|ontinued||
|---|---|---|---|---|---|
|9.|DEBTORS|||||
|||||2023|2022|
||Amounts
owed by subsidiary||companies|95,810|69,050|
||Trade debtors|||24,320|20,509|
||Other debtors|||1,950|1,950|
||Accrued income|||9,050|1,277|
||Prepayments|||~14596|9244|
|10.|CREDITORS: Amounts|falling due within one year||||
|||||2023|2022|
|||||E||
||VAT|||1,290|1,281|
||Deferred income|||32,287|17,460|
||Other creditors|||80,272|67,772|
||Accru ale|||~18306|22317|
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|NANCIAL INSTRUMENTS|||||
|---|---|---|---|---|
||||2023f|2022f|
|Financial assets measured|at fair value through|income and|||
|expenditure|||7,876,421|8,043,271|
|Financial assets measured|at amortised cost||432370|355658|
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