|Contents||Pages|
|---|---|---|
|Trustees'|annual
report|2 —9|
|Auditor's|report|10-13|
|Statement|offinancial activities|14 - 15|
|Balance sheet||16|
|Statement|ofcash flows|17|
|Notes tothe financial statements||18-25|
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|||Unrestricted|Expendable|2023|2022|
|---|---|---|---|---|---|
|||Income|Endowment|Total|Total|
||Notes|Fund
f|Fund
f|Fundsf|Funds
f|
|Income||||||
|Legacy income|||||16,316,655|
|Investment
income|2|791,566||791,566|1,346,078|
|Total income||791,566||791,566|17,662,733|
|Expenditure||||||
|Raising funds:||||||
|Investment
management
casts||600|||601|
|Charitable
activities:||||||
|Grant expenditure|3|1,524,658||1,524,658|1,317,198|
|Grant related support
costs||25,221||25,221|25,269|
|Governance
costs|5|14,904||14,904|14,555|
|Cost ofgrant making||1,564,783||1,564,783|1,357,022|
|Total expenditure||1,565,383||1,565,383|1,357,623|
|Net income / (expenditure)||(773,817)||(773,817)|16,305,110|
|Transfer between
funds|6|773,817|(773,817)|||
||||(773,817)|(773,817)|16,305,110|
|Netgains/(losses)
on||||||
|investments||||||
|Unrealised|7||(880,277)|(880,277)|690,113|
|Realised|11||69,852|69,852|593,825|
||||(810,425)|(810,425)|1,283,938|
|Net movement
in funds|||(1,584,242)|(1,584,242)|17,589,048|
|Reconciliation
offunds||||||
|Totalfunds
brought forward|||35,337,626|35,337,626|17,748,578|
|Total funds carded forward|||33,753,384|33,753,384|35,337,626|
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|Comparative
year information||Unrestricted|Expendable|2022|
|---|---|---|---|---|
|Year ended 5April 2022||Income|Endowment|Total|
||Notes|Fund|Fund|Funds|
|||f|f|6|
|Income|||||
|Legacy income|||16,316,655|16,316,655|
|Investment
income|2|1,346,078||1,346,078|
|Totalincome||1,346,078|16,316,655|17,662,733|
|Expenditure|||||
|Raising funds:|||||
|Investment
management||601||601|
|costs|||||
|Charitable
activities:|||||
|Grant expenditure|3|1,317,198||1,317,198|
|Grant related support
costs||25,269||25,269|
|Governance
costs|5|14,555||14,555|
|Cost ofgrant making||1,357,022||1,357,022|
|Total expenditure||1,357,623||tp357,623|
|Net income / (expenditure)||(11,545)|16,316,655|16,305,110|
|Transfer between
funds|6|11,545|(11,545)||
||||16,305,110|16,305,110|
|Net gains / (losses) on|||||
|investments|||||
|Unrealised|7||690,113|690,113|
|Realised|11||593,825|593,825|
||||1,283,938|1,283,938|
|Net movement
in funds|||17,589,048|17,589,048|
|Reconciliation
offunds|||||
|Total funds brought forward|||17,748,578|17,748,578|
|Total funds carded forward|||35,337,626|35,337,626|
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|||Unrestricted|Expendable|2023|2022|
|---|---|---|---|---|---|
|||Income|Endowment|Total|Total|
||Notes|Fund|Fund|Funds|Funds|
|||E|f|6|E|
|Fixed assets||||||
|Unlisted
investments|7||16,316,655|16,316,655|16,316,655|
|Listed investments|7||16,838,357|16,838,357|17,665,093|
|Total fixed assets|||33,155,012|33,155,012|33,981,748|
|Current assets||||||
|Debtors||14||14|380|
|Cash||6,524|598,372|604,896|1,361,556|
|Total current
assets||6,538|598,372|604,910|1,361,936|
|Liabilities||||||
|Creditors: amounts||||||
|falling due within one|9|(6,538)||(6,538)|(6,058)|
|year||||||
|Net current assets|||598,372|598,372|1,355,878|
|Total assets less current
liabilities|||33,753,384|33,753,384|35,337,626|
|Creditors: amounts||||||
|falling due after one||||||
|year||||||
|Net assets|||33,753,384|33,753,384|35,337,626|
|The funds ofthe||||||
|charity||||||
|Expendable
endowment
fund|||33,753,384|33,753,384|35,337,626|
|Unrestricted
income||||||
|fund||||||
|Total charity funds|||33,753,384|33,753,384|35,337,626|
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|Notes tothe financial statements|Notes tothe financial statements|Notes tothe financial statements|Notes tothe financial statements||||||
|---|---|---|---|---|---|---|---|---|
|Forthe|year ended 5April 2023||||||||
|2|Incoming resources||||||2023|2022|
||||||||E|E|
||Legacy income|||||||16,316,655|
||Investment
income||||||||
||Listed investments||||||556,335|500,921|
||Unlisted
investments|||(UK)|||234,364|845,055|
||Other interest||||||867|102|
||||||||791,566|17,662,733|
|3|Grant expenditure||||||2023|2022|
||||||||E||
||Grants payable brought||forward||||||
||Grants paid during the||year||||1,524,658|1,317,198|
||Grants payable carried||forward||||||
||Grant expenditure
during|||the year|||1,524,658|1,317,198|
||Medicine and Health||||||||
||Bristol Speech and Language Therapy||||Research|Unit|300,000||
||Bristol Children's
Hospital|||(Cardiac 3D|printing||98,158||
||programme)||||||||
||Living Paintings
Trust||||||25i000||
||Dorothy House Hospice||||||25,000||
||The British Stammering||Association||||25,000||
||Julia's House Hospice||||||25,000||
||Wiltshire
Air Ambulance||||||25,000||
||Animal Free Research|UK|||||25,000||
||||||||548,158|439,698|
||Education and The Arts||||||||
||Farms for City Children||||||25,000||
||Stage One||||||25,000||
||Music for Youth||||||25,000||
||National
Opera Studio||||||25,000||
||Separate Doors||||||21,500||
||Pimlico Opera||||||15,000||
||||||||136,500|90,000|
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|Grant expenditure|(continued)||2023|2022|
|---|---|---|---|---|
||||f|f|
|Social Welfare|||||
|The British Red Cross|||125,000||
|Swindon
Women's|Aid||50,000||
|Community
First (youth Action Wiltshirej|||50,000||
|Windmill
Hill City|Farm||50,000||
|James' Place|||25,000||
|NSPCC|||25,000||
|Switch182|||25,000||
|Wiltshire
Community
Foundation|||25,000||
|Ebony Horse Club|||25,000||
|Living Paintings
Trust (Coronation||project)|25,000||
|Separated
Child Foundation|||15,000||
||||440,000|362,500|
|The Environment|and Wildlife||||
|Wiltshire
Wildlife|Trust||225,000||
|Greenpeace|||100,000||
|The Brooke|||25,000||
|Wilts &Berks Canal Trust|||25,000||
|Campaign to Protect Rural England|||25,000||
||||400,000|425,000|
|Total grants expenditure|||1,524,658|1,317,198|
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||||Basis of|Grant||2023|2022|
|---|---|---|---|---|---|---|---|
||||apportion-|making|Governance|Total|Total|
||||ment|6|f.|6|6|
|Management||fee|Work done|24,300|8,100|32,400|32,400|
|Subscriptions|||Actual|274|91|365|348|
|Auditors|remuneration||Actual||6,480|6,480|6,120|
|Web site|costs||Actual|594|198|792|851|
|Sundries|||Actual|53|35|88|105|
|Total||||25,221|14,904|40,125|39,824|
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|Fixed asse|t inves|tment|s||||
|---|---|---|---|---|---|---|
|||||Listed|Unlisted||
|||||investments|investments|Total|
|||||6|f|E|
|Cost orvaluation||at 6|April|17,665,093|16,316,665|33,981,748|
|2022|||||||
|Additions||||3,029,145||3,029,145|
|Disposals||||(2,975,604)||(2,975,604)|
|Unrealised|investment||gains /|(880,277)||(880,277)|
|(losses)|||||||
|At 5April|2023|||16,838,357|16,316,655|33,155,012|
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|anagement|fee off32,4|00.||||
|---|---|---|---|---|---|
|Staff costs||||2023|2022|
|||||Total|Total|
|||||6|6|
|Wages and|salaries|||13,700|13,500|
|Socialsecurity
costs||||1,890|1,863|
|Employers'|contributions|to defined contribution|pension scheme|3,768|3,713|
|Other employee
benefits||||222|232|
|||||19,580|19,308|
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|||2023|2022|
|---|---|---|---|
||||6|
|Net movement
in funds||(1,584,243)|17,589,048|
|Deduct interest income||(867)|(102)|
|Deduct legacy income|||(16,316,655)|
|Deduct dividends
and interest from investments||(790,699)|(1,345,976)|
|Deduct (gains) / add back losses on unrealised|investments|880,277|(690,113)|
|(Gains) / losses realised on sale ofinvestments||(69,852)|(593,825)|
|Decrease / (increase)
in debtors||366|584,562|
|Increase / (decrease)
in creditors||480|721|
|Net cash used in operating
activities||(1,564,538)|(772,340)|