##
|FINANCIAL STA|TE~|S FOR TH|E YEAR ENDED 5TH APRIL 2023||
|---|---|---|---|---|
|CO~S||||PAGE|
|General Information|||||
|Trustees' Report||||3-5|
|Auditors'
Report||||6-8|
|Statement ofFinancial|Activities||||
|Balance Sheet||||10|
|Statement ofCash Flows|||||
|Notes to the Financial|Statements|||12 - 17|
|Schedule ofCash Charitable||Donations|Paid|18|
|THE ROBERT GAVRON CHAR%ABLE TRUST|THE ROBERT GAVRON CHAR%ABLE TRUST|THE ROBERT GAVRON CHAR%ABLE TRUST|||
|---|---|---|---|---|
|FINANCIAL STATE~S FOR THE YEAR ENDED|||5TH APRIL 2023||
|GE~INFORMATION|||||
|SETTLOR|Lord Gavron CBE(Deceased)||||
|DEEDS|Settlement
dated 31stJuly 1974||||
|REGISTERED
C~NO.|268535||||
|REGISTERED|27 Maywin Drive||||
|ADDRESS|Hornchurch||||
||Essex||||
||RM11 3ST||||
|TRUSTEES|Dr Katharine
Susan Gavron (Chair)||||
||Charles Leonard Corman (Deceased|11th September 2022)|||
||Jessica Leah Gavron||||
||Sarah Gavron||||
|MAIN TERMS|The trustees are directed to hold the|capital and income of the trust fund for such charitable||institutions|
||or charitable
purposes
as the trustees|shall from time to time in their absolute discretion determine.|||
|INVESTMENT|||||
|POWERS|The trustees have very wide investment||powers.||
||Handelsbanken||||
||2nd Floor, High Hill House||||
||6A Hampstead
High Street||||
||London, NW3 IPR||||
|SOLICITORS|Dechert LLP||||
||160Queen Victoria Street||||
||London EC4V 4QQ||||
|FIJND|Schroder &:Co Limited||||
|MANAGERS|12Moorgate||||
||London||||
||EC2R6DA||||
||Rutfer LLP||||
||80 Victoria Street||||
||London||||
||SWIE 5JL||||
|AUDITORS|Prentis &Co LLP||||
||Chartered
Accountants
&Statutory|Auditors|||
||115cMilton Road||||
||Cambridge||||
||CB4 1XE||||
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|STATEMENT OF FINAN|CIAL A|CTIVITIES||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||Unrestricted|Unrestricted|
||||Note|||
|INCOME||||||
|Donations|||ll||1,559,376|
|Investment
income|||2|115,704|87,814|
|TOTAL INCOME||||115,704|1,647,190|
|Cost ofraising funds:||||||
|Investment
management|costs|||30,327|30,676|
|Expenditure
on charitable|activities|||479,468|633,358|
|TOTAL EXPENDITURE||||509,795|664,034|
|NET INCOME/(EXPENDITURE)||BEFORE||||
|GAINS ON INVESTMENTS||||(394,091)|983,156|
|Net gains/(losses)
on investments||||(415,904)|527,534|
|NET MOVEMENT IN FUNDS||||(809,995)|1,510,690|
|RECONCILIATION
OF|FUNDS|||||
|Total funds brought
forward||||10,437,227|8,926,537|
|Total funds carried forward||||9,627,232|10,437,227|
|BALANCE SHEET|||||||
|---|---|---|---|---|---|---|
||Note||2023||2022||
|FIXED ASSETS|||||||
|Investments||||9,447,206||9,904,396|
|CURRENT ASSETS|||||||
|Cash|||265,507||690,300||
|Debtors and prepayments|||33,950||46,500||
|TOTAL CURRENT ASSETS|||299,457||736,800||
|LIABILITIES|||||||
|Creditors;
falling due within|||||||
|one year|10||(116,431)||(128,969)||
|NET CURRENT ASSETS||||183,026||607,831|
|Total assets less current liabilines||||9,630,232||10,512,227|
|Creditors: falling due after one year|10|||(3,000)||(75,000)|
|TOTAL NET ASSETS||||9,627,232||10,437,227|
|THE FUNDS OF THE CHARITY|||||||
|Unrestricted
Funds|12|||9,627,232||10,437,227|
|The accounts on pages 9to 17were approved|by the Trustees|on|||~3.Q
/vQ||
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##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Note|Total|Total|
|Net cash used in operating|activities|||13|(581,783)|985,170|
|Cash flows from investing|activities:||||||
|Interest and dividends|||||115,704|87,814|
|Net (purchase)/sale
ofinvestments|||||41,286|(511,151)|
|Net cash provided
by investing||activities|||156,990|(423,337)|
|Change
in cash and cash equivalents|||in the year||(424,793)|561,833|
|Cash and cash equivalents|at the|beginning|||||
|ofthe reporting
period|||||690,300|128,467|
|Cash and cash equivalents|at the||||||
|end ofthe reporting
period|||||265,507|690,300|
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|INVESTMENT INCOME|||Total|
|---|---|---|---|
|Year ended 5th April 2023||Non-UK|2023|
|Equities|6,769|18,370|25,139|
|Fixed interest|39,873|42,425|82,298|
|Interest &om stockbroker|8,267||8,267|
||54,909|60,795|115,704|
|INVESTMENT INCOME|||Total|
|Year ended 5th April 2022|UK|Non-UK|2022|
|Equities|33,094|27,678|60,772|
|Fixed interest|21,125|5,881|27,006|
|Interest from stockbroker|36||36|
||54,255|33,559|87,814|
##
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|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|||||Support and||
|---|---|---|---|---|---|---|---|---|
|Year ended 5th April|2023|||||Charitable|Governance|Total|
|||||||Activities|Costs|2023|
|||||||f,|f,||
|Donations
(note 4)||||||429,761||429,761|
|Staff costs (note 6)|||||||40,519|40,519|
|Stationery costs|||||||270|270|
|Bank charges|||||||455|455|
|Bookkeeping
and payroll|||||||4,347|4,347|
|Audit and accountancy||fees|||||4,116|4, 116|
|||||||429,761|49,707|479,468|
|CHARITABLE ACTIVITIES|||||||Support and||
|Year ended 5th April||2022||||Charitable|Governance|Total|
|||||||Activities|Costs|2022|
||||||||I||
|Donations
(note 4)||||||583,380||583,380|
|Stafi'costs (note 6)|||||||41,219|41,219|
|Stationery costs|||||||284|284|
|Bank charges|||||||549|549|
|Bookkeeping
and payroll|||||||4,074|4,074|
|Audit and accountancy||fees|||||3,852|3,852|
|||||||583,380|49,978|633,358|
|CHARITABLE DONATIONS|||PAYABLE||||2023|2022|
|Total cash donations|paid during||the|year (see page 18)|||514,615|451,463|
|Donations
paid during||the year that were included|||in the previous||||
|year's provisions|||||||(122,917)|(41,000)|
|Total net current year||cash donations||paid|||391,698|410,463|
|Additional
donations||committed|to be paid within||one year||35,063|97,917|
|Additional
donations||committed|to be paid alter one year||||3,000|75,000|
|Total donations
charged to the Unrestricted
Income Account|||||||429,761|583,380|
|NET INCOME/(EXPENDITURE)||||FOR THE|YEAR||2023|2022|
|The net deficit for the||year is arrived||at afier charging:|||||
|Audit fee|||||||2,230|2,030|
|Fees paid to Auditors||for other services|||||6,233|5,896|
##
|STAFF COSTS AND REMUNERATION|OF KEYMANAGEMENT|PERSONNEL||
|---|---|---|---|
|||2023|2022|
|Salaries and wages||55,000|55,000|
|Social security costs||1,669|2,369|
|Pension costs||3,850|3,850|
|Less: Cost contributions||(20,000)|(20,000)|
|||40,519|41,219|
|INVESTMENTS||2023|2022|
|---|---|---|---|
|Market value at 6th April 2022||9,904,396|8,865,711|
|Additions||2,036,470|2,716,249|
|Disposals||(2,077,756)|(2,205,098)|
|Net unrealised
gains/(losses)||(308,777)|427227|
|Net realised gains/(losses)||(107,127)|100,307|
|Market value at 5th April 2023||9,447,206|9,904,396|
|Historical cost at 5th April 2023||8,767,760|8,781,936|
|Investments
at fair value comprise:|||Total|
|Year ended 5th April 2023||Non UK|2023|
|||8|f,|
|Equities|2,549,460|5,721,039|8,270,499|
|Fixed interest|313,731|862,976|1,176,707|
||2,863,191|6,584,015|9,447,206|
|Investments
at fair value comprise;|||Total|
|Year ended 5th April 2022||Non UK|2022|
|Equities|3,210,585|5,916,727|9,127,312|
|Fixed interest|253,883|523,201|777,084|
||3,464,468|6,439,928|9,904,396|
##
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|||||2023|2022|
|---|---|---|---|---|---|
|||||f,||
|Bank accounts||||64,359|110,094|
|Fund managers'|accounts|||201,148|580,206|
|||||265,507|690,300|
|DEBTORS AND PREPAYMENTS||||2023|2022|
|(All due within|one year)|||f||
|Prepayments
and accrued income||||33,950|46,500|
|CREDITORS||2023||2022||
|||Due within|Due after|Due within|Due after|
|||one year|one year|one year|one year|
|||||f,||
|Charitable
donations||110,063|3,000|122,917|75,000|
|Accruals||4,751||4,400||
|Social security|and pension|1,617||1,652||
|||116,431|3,000|128,969|75,000|
##
|In 2022 a donation off1,559,376 was also received from Dr K|Gavron for the sale ofa property.||
|---|---|---|
|ANALYSIS OF CHARITABLE FUNDS|2023|2022|
||Unrestricted|Unrestricted|
||General|General|
|Balance b/fwd 6 April 2022|10,437,227|8,926,537|
|Income|115,704|1,647,190|
|Expenditure|(509,795)|(664,034)|
|(Losses)/gains
on investments|(415,904)|527,534|
|Balance c/fwd 5 April 2023|9,627,232|10,437,227|
##
|ACTIVITIES|||||
|---|---|---|---|---|
||||2023|2022|
||||I||
|Net movement|in funds||(809,995)|1,510,690|
|Adjustments
for:|||||
|Dividends
and|interest (rom investments||(115,704)|(87,814)|
|Losses/(gains)|on investments||415,904|(527,534)|
|Decrease/(increase)||in debtors|12,550|(42,297)|
|(Decrease)/(increase)||in creditors|(84,538)|132,125|
||||(581,783)|985,170|
##
|SCHEDULE OF CAS|H CHA|RITABLE DONATIONS
OF f3,000 AND ABOVE||
|---|---|---|---|
|999Club|||3,000|
|Ab Pbab|||3,039|
|Angling 4 Success|||3,000|
|Apollo Music Projects|||3,000|
|Arab Israel Children's|Tennis|Charity (Freddie Krivine Foundation)|42,705|
|Arnott Cato Foundation|||8,121|
|Arts at the Old Fire Station|||3,000|
|BalletBoyz|||25,000|
|Barbados Cricket Association|||47,600|
|Communigrow|||3,000|
|DentAid|||5,000|
|Farms for City Children|||5,000|
|Families United Network|||5,000|
|Food Cycle|||5,000|
|Foodbank Aid|||3,000|
|Future Frontiers|||5,000|
|Giving World|||3,000|
|Heart N Soul|||5,000|
|Highgate
International|Chamber Music Festival||10,000|
|House ofIllustration|||50,000|
|Imperial Health Charity|||67,500|
|Imperial War Museum|||20,000|
|Jewish University
Chaplaincy|||5,000|
|John Abbey - Medical|Aid to|the Ukraine|3,000|
|Key 4 Life|||5,000|
|Leonard Sainer Legal|Education Foundation||5,000|
|Morpeth Scbool|||60,000|
|New Bridge|||4,000|
|Open Democracy|||25,000|
|Orchid|||5,000|
|Prisoners Advice Service|||5,000|
|Rada|||3,000|
|Ragged School Museum|||5,000|
|REACT|||5,000|
|Respite Association|||5,000|
|SJNoble Trust|||3,000|
|The Longford Trust|||3,000|
|The Sofa Project|||5,000|
|The Trussell Trust|||15,000|
|Youth &Community|Connections||15,000|
|Total ofall donations|less than f3,000||13,650|
|Total donations
made|during|the year (note 4)|514,615|