THE CEARNE, KENT HATCH, EDENBRIDGE, KEIYT. TN8 6SZ. The Kirkwood Memorial Fund Trustee Report- 2023124 DonatlODS were maintained this year despite a sltght drop tn income. A final payment ot'£1 0.000 was made to the Stroke Association's research project in r¢habilitation. Medical r¢search accounted for 570/0 of outgyoings with payments being maintained for Third World relief, educational and local charities. The year marked the 50 anniversary of the KMF. From two family endowments during that period, Trt has made charilable paymenls of totalling £567.000 and has built up assets of £650,000. Together with excellent investment advice from Ben Salmon at Investec, the trustees wish to ihank Philip Haslop, who has been the accounta for KMF for the whole fifty year period and for the most part at no charge. Hon J S Kirkwood ( rrustee) November 18 ' 2024
The Kirkwood Memorial Fund Page 2 Balance Sheet As At 5th April 2024 Assets 2023 Shareholdings At Market Valuatson Money Market Investment (Goldman Sachs) Bank Current Account Investec Deposit 638.405.00 630,968.00 12,035.64 (1,831.57} 5,994.09 3,168.43 29,724.01 654,603.16 663,860.44 Representing Accumulated Balance Brought Forward Creditors: Accountancy Administration ( J.S.Kirkwood) Balance on change of investments IncreaselDecrease in Shareholding Value Portfolio Charges Balance from Income & Expenditure Alc 661.360.44 738,678.87 500.00 500.00 1.500.00 2,000.00 (7,170.00) 11.370.96 7,437.00 {80.695.00) (6,166.79) (6,562.42) (2,857.49 1,431.97) 654.603.16 663,860.44 Notes to Accounts Basis of accounting: These accounts have been prepared on the basis of historic cost {eXpl that investments are shown at market value) in accordance with: a) Charities SORP 2015 {FRS 102) b) Financial Reporting Standards for Smaller Enterprises (FRSSE) c) The Charities Act The financial statements were approved by the Board of Trustees and authorised on the 2024 and were signed on its behalf by: Hon J.S.Kirkwood
The Kirkwood Memorial Fund
Page 1
Income and Expenditure Account For The Year Ended 5th April 2024
Income
| Investment Income Investec Interest Total Incoming resourses s Donations Administration Expenses Accountancy Total Resources Expended Balance Carried Forward |
2023 26,366.36 27,082.45 276.15 485.58 |
|---|---|
| 26,642.51 27,568.03 |
|
| 27,000.00 26,500.00 2,000.00 2,000.00 500.00 500.00 |
|
| 29,500.00 29,000.00 |
|
| (2,857.49) (1,431.97) |
Outgoings
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlner's Report Roport to the trusteesl members of The Kirkwood Momorial Fund On accounts for the year ended 5" April 2024 Charlty no . 267906 (if any) Set out on pages 1 &2 I report to the trustees on my examination of the accounts of the above charity I'the Trust I for the year ended 05 104 12024. Responsibilities and As the charily trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance wrth the requirements of the Charities Act 2011 {'the Aci"}. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the Act. I have Gompleted my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting record5 were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's ststement I have no concerns and have Come across no other matters in connection with the examination lo which attention should be drawn in order to enable proper understanding of the accounts lo be reached. Signed: Date: Name: Philip J Haslop Relevant professional qualification(sl or body {if any}: Fellow Institute of Financial Accountants Address: 33 Junip8r Close, Oxted, Surrey. RH8 ORX Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018