THE ROYAL SOCIEtY OF sr GEORGE CHAR ABLE TRusr STATEMENT OF FINANaAL AcrivmES YEAR ENDED 31ST DECEMBER 2023 (Incorporating Income & Expenditure Account) CAF Ba[ UnrestrKted Funds M&G Re5trirted Funds TOTAL 2022 2023 Notes INCOME Donations & Legacies 15.870.24 15,870.24 18.349.98 Investment Income Ib 18,852.09 18,852.09 17,156.33 TOTAL INCOME 34.722.33 34,722.33 35,506.31 EXPENSES Charitable activities 27,349. 27,349. 28.749. Governance Costs & bank fee 2b 1.232.00 1.232. 576.50 TOTAL EXPENSES 28581.00 28,581.00 29,325.50 NET INCOMEIIEXPENSES) 6.141.33 6,141.33 6.180.81 Unreali5ed GainllLoss) on Investments 4.205.78 4.205.78 -24838.3 Total Funds brought forward as at 111123 27.798.39 348.964.75 376,763.14 395420.65 TOTAL FUNDS CARRIED FORWARD 33.939.72 344.758.97 378,698.69 376,763.16 Movements on all reseNes and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. Page I
THE ROYAL soaETY OF sr GEORGE CHARrrABLE TRusr BALAN(E SHEET AS AT 31sr DECEMBER 2023 Unrestricted Restrirted Funds Funds Z023 2022 Fixed Assets Tangible assets Investment assets Notes 344,758.97 344.758.97 348964.75 Current Assets Debtors & Prepayments Cash at bank and in hand 33.939.72 33,939.72 27,798.39 Total Current Assets 33,939.72 344,758.97 378.698.69 376.763.14 Creditors: amounts falling due within one year 0.00 NET CURRENT ASSEtS 33.939.72 378.698.69 376,763.14 TOTAL ASSETS less current liabilities 33.939.72 344.758.97 378,698.69 376,763.14 Credltoys: amounts falling due in more than one year NET ASSErs 33.939.72 344.758.97 378,698.69 376,763.14 FUNDS OF THE CHARITY General funds 33,939.72 33,939.72 27,798.39 Restricted funds 344.758.97 344,758.97 348.964.75 TOTAL FUNDS 33.939.72 344.758.97 378,698.69 376.763.14 Page 2
THE ROYAL soaEfY OF ST GEORGE CHARrrABLE TRusr NOTES TO THE FIPIANCIAL ATEmEPls YEAR ENDED 31sr DECEMBER 2023 Unrestricted Restricted Funds Funds TOTAL 2023 TufAL 2022 I INCOME a) Donatlons & Legades Donations and legacies Other donations Amount returned in error Natwest account 15.346.24 15.346.24 15,113.44 712.54 5(KI.¢X) 2.500.00 24. 24.tM) S¢J).(MJ 24.(X) 15.870.24 15,870.24 18.349.98 b) Investmert income M&G & CAF Bank Interest M&6 Dividends 2.691.59 16,IfA).50 2,691.59 16,160.50 1468.35 15687.98 18.852.09 18,852.09 17.156.33 2 EXPENSES a) Charftsble actlvltles Grants 27.349.(K) 27,349.1x1 27.349.(K> 28749 27,349.(X) 28.749.00 bl Governance costs RSSG expenses Advice seryices Itd Bank fees 1.172.00 1,172.(K) 408 72 96.5 1,232.00 1.232.(M) 576.50 Page 3
THE ROYAL soaEtY OF St GEORGE CHARrrABLE TrU5T NOTE TO THE FINANaAL sfATEMEP¥ts YEAR ENDED DECEMBER 2023 Unrestricted Funds Restricted Funds TOTAL 2023 TOTAL 2022 3 INVESTMETr TRU Investment fund at Unrealised gain/{lossl OI/OU2023 348,964.75 348.964.75 373803.07 -4.205.78 -4.205.78 -24838.32 Investment fund at 3111212023 344,758.97 344,758.97 348,964.75 4 REStRicfED FUNDS Balan 0110112023 Balan Transfers 3111212023 Income Loss M&G Charifund M&G Charibond from bal on 277,756.50 3111212022 71,208.25 348,964.75 -6.526.57 271,229.93 73,S29.04 344,758.97 2.320.79 2,320.79 -6.526.57 The restricted funds are represented by the Charrty's fixed asset investments and cash reserves. S CASH AT BANK AND IN HAND Unrestricted Funds Restricted Funds TOTAL 2023 TOTAL 2022 CAFBank attount Natwest account 33.811.72 128.(X) 33.939.72 33.811.72 27694.39 128.CKI 104 33,939.72 27,798.39 6 DEBTORS AND PREPAYMETrifs Debtors and prepayments Page 4
THE ROYAL soaEtY OF GEORGE CHARThABLE TRusr NOTES TO THE FINANaAL sfATEMENTS YEAR ENDED 31¥r DECEMBER 2023 7 CREDITORS AND ACCRUALS Amourirs FAWNG DUE WITHIN ONE YEAR Unrestri¢ted Restricted Funds Funds TOTAL 2023 TOTAL 2022 Independent examinerfs fee 8 CREDITORS AND ACCRVALS AMOUtirs FALUNG DUE IN MORE THAN ONE YEAR The Charty did not hold any long temi liabilities in this or the previou5 financial year. 9 RECONCIUATION OF MOVEMENT ON CAPITALAND RESERVES 2023 2022 Gain/ldeficitl for the financial year Other recognised 8ains/llossesl 6.141 4.206 1.936 6,181 -24,838 -18.657 Balance brought forward Audit fee discounted Closing funds 376.763 395420 378.698 376.763 Total funds brought forward at 1st January 2023 agrees with ststements as follows: CAF Bank 27,694.39 M&G 348.964.75 Natwe5t 104.(X) 376.763.14 Total funds at 31st December 2023 agrees with ststements as follows: CAF Bank 33.811.72 M&G 344.758.97 Natwest 128.(Kl 378,698.69 Page 5
10 srAFF COSTS AND NUMBERS The Charity did not employ any staff in this or the previous financial year. 11 TRUSTEES AND OTHER REiATED PARTIES No payments were made to Tnjstees or any person5 connected with them during the financial period and no material transattions took place been the Charity and a Trustee or any person connected with them. 12 RISK ASSESSME The Trustees actively review the major risks which the Charity faces on a regular basis and believe that maintaining the free reserves stated. combined WTth the annual review of the contro15 over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confinn that they have established systems to mitigate the significant risks. 13 RESERVES POUCY The Trustees have considered the level of reseNe5 they wish to retsin appropriate to the Charity's needs. Thi5 is based on the Charwty's size and the level of financial commitments held. The Trustees aim to ensure the Charity will be able to continue to fuffil its charitsble objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set ayde funds unnecessarily. 14 PUBLIC BENEFIT The Charity acknowledges its requirement to demonstrate clearty that it must have purposes or "aims" that are for the public benefit. The Trustees confirni that they have paid due regard to the Charity Commission guidance on public benefft before deciding what activities the Charity should undertake. Page 6
Trustees Responslbilltes The Charities Act 2011 requires the Trustees to prepare statements for each financial year which give a true and fvir view of the 5tste of affair5 of the Trust and of the surplus of the Trust for that year. In preparing those financial statements the Trustees ore required to= - Select audwtable accounting policies and apply them consistently Make judgements and estimates that are reasonable and prudent Prepare the financial thtements on the going contern basis unless it is inappropriate to presume that the charity will continue in existence. The Tmstees are responsible for keeping proper accounting records. which disc105e with reasonable accuracy ot Hny time the financial position of the Trust and hen for taking asonable steps for the prevention and detettion of fraud and other irregularities. This report was approved by the Twstees on the 6th September 2024. Michael Riley Honorary Chairman Page 7
THE ROYAL SOCIETY OF ST GEORGE CHARITABLE TRUST Independent examinerfs report to the trustees YEAR ENDED 31 DECEMBER 2023 We rew)rt on the accounts of the Trust forthe year eDJed 31 Decelnbu 2023. Respective reSptibilItiES of trustery aTKI wmin¢r The chan'ty's trustees are respoL8ible fwthe preparation of the accounts. The c]wity's tNstees consider that an audit is not required for this yearundu SelOn 144 of the Clwitias Act2011 (the Clwities Act) alld that all ÈndeEKndellt exallkiDation is needed. It 1$ our SponSibl11ty to. ¢xamin¢ th¢ accounts under secfioD 145 of th¢ Clwities Ac¢ to follow the procedures laid dowll ID the gelle Di[tE0$ given by the Charity G)mnll&8ion {under section 145(5Xb) ofth¢ Charities A¢L and ¢0 slate whether partiollaT matters bav¢ to my attentio Bayfis of lttdepelld¢nt ex*mlner'8 rewirt Our examination was carried out in accordaDC¢ with the gen¢ral Dtrecti"on5 giveth by the Charity Commission. An examination includes a review of the accowiting records kw by the charity and a comparison of the accounts presented with tlthe tecords. It also includes ¢onsid¢rdtion of ally unusual items or th"s¢losurts in the accounts and seeking explanatio$ from you as trustees concerning such matters. The pmcedurcs U[ertaken do not provide all the evidence that would b¢ required in an audit and consequently uo opinion is givell io whether the accounts present a 'true and faiT view, and the rwrt is limited to those matters set out in the statemerEt below. IndependeDt examiner's statement In connection with our eXamitTrti0 tKg matter IM come to our atsffltiott: (l) which givu reasonable cae to believe that in aoy material respcct th¢ r¢qUirts. to keep accoulltiD8 [$ in aethEdance with section 130 of the CTrArities A¢. and to prepare accounts wbicb xcord with the acwunting [OrdS al wmply witb the accountsng requirements of the Clwities Act have notbeell me¢ or (2) to Whic in our Opinio attention should be drawn in order to lIe a prop&r of the a¢¢outtts to be res¢h¢d sOLlONs IN ACCOUNTING LIMITED Accoulll2nts Ground Floor 2 Compton Way Witn¢y Oxfordshire OX28 3AB 31° Octoiw2024