THE ROYAL soaEtY OF ST GE(IRGE OIARThABLE TRUST STATEMEpif OF FINANCIALAcrivmES YEAR ENOED 31ST DECEMBER 2022 Ilncorpor•tin8 Income & Expendiwre Attoufftl CAF Bank Unrestricted Funds M&fj Restricted Fund5 TOTAL 202Z TOTAL 2021 INCOME Donations & Lerdcies 18.349.98 18,349.98 1,977.96 Investment Income 17.156.33 17.156.33 15,630.48 TOTAL INCOME 35,506.31 35,506.31 17,608.44 EXPENSES Charitable actNities 28.749.C 28.749.CX) 10,360.00 Governance Costs & bankfee 576.50 576.50 103.50 TOTAL EXPENSES 29,325.50 29.325.50 10,463.50 NET INCOMEIIEXPÉNSES) 6.180.81 6.180.81 7.144.94 Unrealised Gain/lL05sI on Investments -24.838.32 -24.838.32 31874.61 Totsl Funds brought forward as at VV22 21.617.58 373.803.07 395.420.65 356401.1 TOTAL FUNDS CARED FORWARO 27.798.39 348,964.75 376.763.14 395A20.6S Movements on all reserves and all recogni5ed gains and losses are shown above. All of the organtsation's operations are classed as continuin8. Page I
THE ROYAL50CIEfY OF sr GEORGE CHARJTABLETRUST BAiANCE SHE AS AT 315r DEC£MBER 2022 Unrestricted Fund5 Restricted Fund5 TOTAL 2022 TOTAL 2021 rixed A55ets Tangible assets Investment assets 348,964.75 348.964.7S 373803.07 Current Assets Debtors & Prepayments Cash at bank and in hand 27.798.39 27.798.39 21.617.58 Totsl Curreni Assets 27.798.39 348.96Q7S 376.763.14 395A20.65 Credltors.. amounts falllnB due within one year NET CURRETrn ASSETS 27.798.39 376.763.14 395,420.65 TOTALASSETS less current liabilrtie5 27.798.39 348.964.75 376,763.14 395,420.65 Credltors: amounts falling due in more thaTh one year ASSEfs 27.798.39 348,964.75 376.763.14 395,420.65 FUNDS OF THE CHARITY General funds 27.798.39 27.798.39 21,617.58 Restricted funds 348.964.75 348,964.75 373,3.ts7 TOTAL FUNDS 27.798.39 348.964.75 376.763.14 39S.420.65 Pa8e 2
THE ROYAL soaEfY OF ST GEORGE CHARABlE TRU P40TES TOTHE FINANCtAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022 Unrestricted Funds Restricted Funds TOTAL 2022 TOTAL 2021 I INCOME 01 Donattons & Legades Donations and legacies Other donations HMRC gtft aid Amount retumed in error Natwest account 15.113.44 712.54 15,113.44 712.54 103.96 2.5.{j 24.(M) 2.5. 24. 1850 24 18.349.98 18.349.98 1.977.96 bl Investment income M&G Interest M&G Dividend5 1.468.35 15,687.98 1.468.35 15,687.98 1643.62 13986.86 17.156.33 17,156.33 15.630.48 2 EXPENSES al Charitable artivitles Grants Children in Need Amount retumed in error 28.749.(K) 28.749.00 9010 1350 10.360.00 28.749.00 28,749.00 bl fjovemance costs R55G exps Adviee semces Bank fees 72.(N) 96.50 72.(Y) 96.50 103.5 576.so 576.so 103.50 Page 3
THE ROYALsoaETY OF ST GEORGE CHARITABLETRUST NOTE TO THE FINANcIALsfATEMErS YEAR ENDED 31ST DECEMBER 2022 Unrestricted Funds Restricted Funds TOTAL 2022 TOTAL 2021 3 INVESTMENTTRusr Investment fvnd at Unrealised gainlllossl OiiOV2022 373.803.07 373,803.07 341928.46 -24.838.32 -24.838.32 31874.61 lTrvesrment fund at 3tyW2022 348.964.75 348.964.75 373,803.07 4 RESTRICTED FUNDS 8a13nre 8alan Transfers 3V1212022 . OVOV2022 Income M&G Charifund M&G Charibond 294140.04 79663.03 373,803.07 -16.383.54 -8,4S4.78 -24.838.32 277.756.50 71.208.25 348.964.75 The restrKted funds are represented bythe Charity's fixed asset investsnents and cash reserves. S CASH AT 8ANX AND IN HAND" Unrestricted Restricted Fund5 Funds TOTAL 2022 TOTAL 2021 CAFBank account Natwest account olbal Natwest income lestimatel 27.694.39 27.694.39 21S37.S8 56 24 21,617.58 24.(J) 27.798 39 24.00 27,798.39 6 DEBTORS AND PREPAYMENts t)ebtors and prepayments Page 4
THE ROYALsoaEfY OF 5T GEORGE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEpirs YEAR ENDED 31ST DECEMBER 2022 7 CREDtfoRS ANDACCRVALSAMOUPtrs FALUNG OUE WITrIIN ONE YEAR Unrestricted Funds Restricted Funds TOTAL Z022 TOTAL 2021 Independent examinerfs fee 8 CREDITOR5 AND ACCRUALS AMOUNTS FAWNG DUE IN MORETHAN ONE YEAR The Charity did not hold any long term liabilities in this orthe prevKJus finanaal year. 9 RECONCILIATION OF MOVEMENTON CAprrALAND RESÉRVES 2022 2021 Gain/ldeficitl for the financsal year Other re¢o8nised 8aiL)s/llossesl 6.181 -24.838 -18.658 7.14S 31,875 39,020 Balance brought fOnard Audit fee discounted Closing funds 395.420 35641X).57 376,763 395,420 "Tutal ftmds bruuahtfuTV73rd at tsfjanuary 2022 a8ree5 wfth staTreinents as follows: CAF Bank 21.537.58 M&G 373.803.07 Natwest 395.420.65 Totsl funds at 31st December 2022 agrees with statements as follows.. CAF Bank 27,694.39 M&G 348.964.75 Natwe5t 104.00 376.763.14 10 STAFF COSTS AND NUMBERS The Charity did not employ any staff in this orthe previous financol year. 11 TRUSTEES AND OTHER RELATED PARTIES No payments were made toTrustees or any persons connerted with them during the financial period ahd no material transacrTons took place betrween the Charity and a Trustee or any person connected wth them. Page 5
12 RISKASSES5MEP The Trustees actyvely reeW the major riskswhich the Charity faces on a regular basts and be14eve that maintaintng the free reserves stated. combined with the annual revsew of the controls over key financral systems carried out on an annual basis will provbde suffKient resource5 in the event of adverse condition5. The Trustees have also examined other perational and business risks which they fa and confimi that they have established Systems to mitigate the significant risks. 13 RESERVES POLICY The Trustees have considered the level of they wish to retain appropriate to the Charity's needs. This is based on the ChartiV5 size and the level of financial commrtments held. The Trusteesaim to ensure the Charity will be able to continue to fulfil its charitable objective5 evern rfthere is a tempordry shortfall ID inmme or unexpected expenditure. The Trustees will endeavour not to set aside funds unnewsarily. 14 PUBLIC BENEFtr The Charity ackwIedge5 its requirementto demonstrate deady that it must have purposes or'aims that are for the publtc benefrt. The Trustees confirm that Ihey have paid due regard to the Charity COMMs1on guidance on publ benefit before deciding what activities the Charity should undertake. Trustees Responslbllltes The Charities Aci 2011 requires the Trustee5 to prepare statements foreach financial year which &ve a true and fair view of the stste of affairs of the Trust and of the surplus of the Trust for that'yEar. In preparing those financial statements the Trustee5 are required to= Select suitable accounting policies and apply them con515tently Make judgernents and estimates that a aSonable and prudent - Prepare the finanual statements on the going concem basis unless it is inappropriate to pSUrne ihat the chariry will continue in existen. The Trustees are responslble for keeping proper accounting records. which disch)se with reasonable accuracy at anytime the financial p05ttion of ihe Tnjst and hence for taknng reasonable"5teps forthe prevention and detettion of fraud and other irregularities. Thi% report was approved by the Trustses on the 10th October 2023 Signed ofi their behalf by. Mithael Riley Honorary Chainnan P38e 6
THE ROYAL SOCIETY OF ST GEORGE CHARITABLE TRUST Independent examlnerfs report to the trustses YEAR ENDED 31 DECEMBER 2022 We TeFX)rt on tbe a¢U1)ts of the TTht for the year thts131 De¢nber 2022. The chw?ty'$trust¢es are Ywttsible fwthe Preparati( oftheaccO. Thethwity'struste¢sconsider tbxt an audit is not required for tbi8 yegr under section 144 of the Clwiti¢S Act 2011 (the Charities Act) It is ow respoJ]sibiJity to.. (under tIOn 145{5Xb) of tb¢ Ch&ities ACL and to slate whth particu]armatters 11come to my attentio Basia of illdependtnt ewJJiner's report Out exami0 Was TrIed out in accordallee witb the general DirectfftoDs 'Ven by the Charity Coti)mtssion. An examination inclu&s a review of accountiDg reconls kw by th¢ clwity and a comparison of the ar£owits presented with tbose wjnts. It a]so irJclud¢s consider*i¢)n of any unusua] ite1118 or diwlosures in the accounts &lld seeking ¢xplaDation5 from you as trwtee5 wncemiag any such matters. The procedu undert8ken do not provide 811 the evidence that would be requirel ill an audit and eonsequently no opinion ts gÉven as to whdher the accounts present a'tsve and fair view, and the rert is limited to those matters set out in the strte1xt klow. lThdepeDdent eJ4minePs ststemeLt tn ConnlI0D with our examitio no ha8 Cne to our atttiO (l) whi¢h gi us reasothle cause to believe tbat in any material respect therqulrots. to kry accountit]g rOrdS iti aeconkn with strtion 130 of th¢ Chariti&s A¢t: and requirements of the CIwAties Act have not been met. or (2} to wkn"ch, in our Opinio attention should be in of the &eeounts to be reach. SOLLrrioNS IN ACCOUNrtNG LIMrrED Accountants Ground Floor 2 Compton Way Witrley OxfonlshiTe OX28 3AB 15° Febnwy 2024