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