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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent
Auditors|5|to|8|
|Statement of Financial Activities||||
|Balance Sheet||10||
|Notes to the Financial Statements|11|to|18|
|Detailed Statement of Financial Activities||||
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|||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|||||
|INCOME AND ENDOWMENTS||FROM||||||
|investment
income|||2|116,318|10,673|126,991|116,778|
|EXPENDITURE ON||||||||
|Raising funds|||||16,169|16,169|17,164|
|Charitable
activities||||||||
|Grants||||85,750||85,750|83,750|
|Other||||(501)||(501)|701|
|Total||||85,249|16,169|101,418|101,615|
|Net gains/(losses)|on investments||||(283,422)|(283,422)|126,301|
|NET INCOME/(EXPENDITURE)||||31,069|(288,918)|(257,849)|141,464|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||220,961|3,692,681|3,913,642|3,772,178|
|TOTAL FUNDS CARRIED FORWARD||||252,030|3,403,763|3,655,793|3,913,642|
##
|||||31.3.23|3'1.3.22|
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total|Total|
|||funcl|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Investments|||3,403,079|3,403,079|3,624,423|
|CURRENT ASSETS||||||
|Cash at bank||266,950|684|267,634|291,320|
|CREDITORS||||||
|Amounts
falling due within one year|10|(14,920)||(14,920)|(2,101)|
|NET CURRENT ASSETS||252,030|684|252,714|289,219|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||252,030|3,403,763|3,655,793|3,913,642|
|NET ASSETS||252,030|3,403,763|3,655,793|3,913,642|
|FUNDS||||||
|Unrestricted
funds||||252,030|220,961|
|Endowment
funds||||3,403,763|3,692,681|
|TOTAL FUNDS||||3,655,793|3,913,642|
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|3.|RAISING FUNDS|RAISING FUNDS||||
|---|---|---|---|---|---|
||Investment|management|costs|||
|||||31.3.23|31.3.22|
||Portfolio management|||16,169|17,164|
|4.|CHARITABLE ACTIVITIES||COSTS|||
||||||Grant|
||||||funding
of|
||||||activities|
||||||(see note|
||||||5)|
||||||E|
||Grants||||85,750|
|5.|GRANTS PAYABLE|||||
|||||31.3.23|31.3.22|
|||||F||
||Grants|||85,750|83,750|
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|||||Governance||
|---|---|---|---|---|---|
||||Finance|costs|Totals|
||||||F|
|Other|resources|expended|19|1,980|1,999|
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|Trustees'
expenses
amounted
to anil for the year ended 31 March 2023
to postage and stationery.|Trustees'
expenses
amounted
to anil for the year ended 31 March 2023
to postage and stationery.|Trustees'
expenses
amounted
to anil for the year ended 31 March 2023
to postage and stationery.|Trustees'
expenses
amounted
to anil for the year ended 31 March 2023
to postage and stationery.|(2022: 256. T|hese
relate|
|---|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||
||||Unrestricted|Endowment|Total|
||||fund|fund|funds|
|INCOME AND ENDOWMENTS||FROM||||
|Investment
income|||116,716|62|116,778|
|EXPENDITURE ON||||||
|Raising funds||||17,164|17,164|
|Charitable
activities||||||
|Grants|||83,750||83,750|
|Other|||701||701|
|Total|||84,451|17,164|101,615|
|Net gains on investments||||126,301|126,301|
|NET INCOME|||32,265|109,199|141,464|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward||188,696|3,583,482|3,772,178|
|TOTAL FUNDS CARRIED FORWARD|||220,961|3,692,681|3,913,642|
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|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At 1 April 2022|3,624,423|
|Additions|62,078|
|Revaluations|(283,422)|
|At 31 March 2023|3,403,079|
|NET BOOK VALUE||
|At 31 March 2023|3,403,079|
|At 31 March 2022|3,624,423|
||The original cost ofthese|The original cost ofthese|investments
was F2,345,806 (2022:f2,289,894).|investments
was F2,345,806 (2022:f2,289,894).|||
|---|---|---|---|---|---|---|
||Cost or valuation|at 31 March 2023 is represented||by:|||
|||||||Listed|
|||||||investment|
|||||||F|
||Valuation
in 2023|||||1,057,273|
||Cost|||||2,345,806|
|||||||3,403,079|
|10.|CREDITORS: AMOUNTS||FALLING DUE WITHIN|ONE YEAR|||
||||||31.3.23|31.3.22|
||Trade creditors||||13,000|1|
||Other creditors||||1,920|2,100|
||||||14,920|2,101|
##
##
|MOVEMENT|IN FUNDS||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.4.22|in funds|31.3.23|
|Unrestricted|funds||||
|General
fund||220,961|31,069|252,030|
|Endowment|funds||||
|Endowment||3,692,681|(288,918)|3,403,763|
|TOTAL FUNDS||3,913,642|(257,849)|3,655,793|
|Net movement|in fu|nds,
includ|ed|in the ab|ove are as fol|lows:|||
|---|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
||||||F||||
|Unrestricted|funds||||||||
|General
fund|||||116,318|(85,249)||31,069|
|Endowment|funds||||||||
|Endowment|||||10,673|(16,169)|(283,422)|(288,918)|
|TOTAL FUNDS|||||126,991|(101,418)|(283,422)|(257,849)|
|Comparatives|for|movement|in|funds|||||
||||||||Net||
||||||||movement|At|
|||||||At 1.4.21|in funds|31.3.22|
|Unrestricted|funds||||||||
|General
fund||||||188,696|32,265|220,961|
|Endowment|funds||||||||
|Endowment||||||3,583,482|109,199|3,692,681|
|TOTAL FUNDS||||||3,772,178|141,464|3,913,642|
##
##
|Comparative|net movemen|t
in funds,
included
in the abo|t
in funds,
included
in the abo|ve are as follo|ws:||
|---|---|---|---|---|---|---|
|||Incoming||Resources|Gains and|Movement|
|||resources||expended|losses|in funds|
|Unrestricted|funds||||||
|General
fund||116,716||(84,451)||32,265|
|Endowment|funds||||||
|Endowment|||62|(17,164)|126,301|109,199|
|TOTAL FUNDS||116,778||(101,615)|126,301|141,464|
|A current year 12 months||and prior year 12 months|combined
position||is as follows:||
||||||Net||
||||||movement|At|
|||||At 1.4.21|in funds|31.3.23|
|Unrestricted|funds||||||
|General
fund||||188,696|63,334|252,030|
|Endowment|funds||||||
|Endowment||||3,583,482|(179,719)|3,403,763|
|TOTAL FUNDS||||3,772,178|(116,385)|3,655,793|
|the above are|as follows:|||||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|||||F-|F|
|Unrestricted|funds|||||
|General
fund||233,034|(169,700)||63,334|
|Endowment|funds|||||
|Endowment||10,735|(33,333)|(157,121)|(179,719)|
|TOTAL FUNDS||243,769|(203,033)|(157,121)|(116,385)|
##
||DAME VIOLET WILLS - WILL TRUST|DAME VIOLET WILLS - WILL TRUST|DAME VIOLET WILLS - WILL TRUST|||
|---|---|---|---|---|---|
||DETAILED STATEMENT OF FINANCIAL ACTIVITIES|||||
||||FOR THE YEAR ENDED 31 MARCH 2023|||
|||||31.3.23|31.3.22|
|INCOME AND ENDOWMENTS||||||
|Investment
income||||||
|Dividends||||114,294|116,622|
|Deposit account interest||||12,697|156|
|||||126,991|116,778|
|Total incoming
resources||||126,991|116,778|
|EXPENDITURE||||||
|Investment
management||costs||||
|Portfolio management||||16,169|17,164|
|Charitable
activities||||||
|Grants||||85,750|83,750|
|Other||||||
|Grants returned||||(2,500)|(1,500)|
|Support costs||||||
|Finance||||||
|Bank charges||||19|15|
|Governance costs||||||
|Trustees' expenses|||||56|
|Auditors'
remuneration||||1,050|1,080|
|Auditors'
remuneration|for|non|audit work|930|1,050|
|||||1,980|2,186|
|Total resources expended||||101,418|101,615|
|Net income||||25,573|15,163|