29/01/2025
| UnrestrictedFunds | UnrestrictedFunds | |||||
|---|---|---|---|---|---|---|
| Notes | EndowmentGeneral | TotalFunds | ||||
| Incomefrom: | Fund cf, |
Fund | 2024 gf |
2023 | ||
| Investment income | 2 | 291,628 291,628 | 261,455 | |||
| Totalincome | 291,628 29t,628 | 261,455 | ||||
| Expenditure: | ||||||
| Costsof raising funds | J | 7,845 | 4,904 | 11)4 | ||
| Charitable activities | 4 | 298,820 | 301,760 | 284,942 | ||
| Totalexpenditure | 306,665 306,664 | 289,666 | ||||
| NET EXPENDITUREbeing netmovement infundsbefore gains andlosseson |
(15,037) (15,037) | (27,211) | ||||
| investments | ||||||
| Realised gains/(losses) on investments | (11,481) | (11,481) | ||||
| Unrealisedgains/(losses) on investments | 7 | 1,261,829 | 1,261,829 | 1,339,089 | ||
| NET MOVEMENTSINF'UNDS | 1,250,348(15,037)1,235,311 | 1,317,877 | ||||
| R.ECONCILIATIONOF FUNDS | 10 | |||||
| Totalfundsbrought forward | 20,037,953 | 115,844 | 20,153,79718,941,920 | |||
| Totalfundscarriedforward | 21,288,302 | 100,808 | 21,389,11020,153,797 |
| 2024 | 2023 | ||
|---|---|---|---|
| Note | c | f | |
| INVESTMENTS | |||
| Property | 7 | 16,342,180 | 15,825,010 |
| QuotedInvestments | 7 | 4,912,448 | 4,099,656 |
| Other | 7 | 10,419 | 93,928 |
| 21,265,047 | 20,0I8,594 | ||
| CURRENTASSETS | |||
| Debtors | 8 | 34s | |
| Cashatbank andinhand | 202,119 | 226,044 | |
| 202,462 | 226,044 | ||
| CURRENTLIABILITIES | |||
| Creditors -duewithinone y€ar | 9 | 78,400 | 90,841 |
| NETCURRENTASSETS | 124,064 | 135,203 | |
| NETASSETS | 21,389,110 | 20,153,797 | |
| Thefunds ofthecharity: | |||
| UNRESTRICTEDT'UNDS | |||
| - Endowment | l0 | 21,288,302 | 20,037,953 |
| -General | l0 | 100,808 | t |
| TOTALF'UNDS | 21,389,110 | 20,153,',797 |
| RECONCILIATIONOFNETMOVEMENTINFUNDS | 2024 | 2023 |
|---|---|---|
| TO NETCASH F'LOWFROM OPERATINGACTIVITIES | f | c |
| Net movementinfunds | 1,235,311 | 1,371,977 |
| Deduct dividends,interest and rentsfrominvestments | (291,628) | (261,455) |
| Deductrealised(gain)/losson investments | II,481 | (1,339,099) |
| Deductunrealised(gain)/losson investments | (1,261,829) | |
| Decrease/(increase)indebtors | (345) | 21 |
| Increase/(decrease)increditors | (12,441) | 47,513 |
| Netcash usedinoperating activities | (319,451) | (241,132) |
| Cash flowsfrominvesting activities: | ||
| Dividends,interest and rentfrominvestments | 291,628 | 261,455 |
| Movement incashheldwithinvestment managers | 110,388 | 5,391 |
| Purchaseofinvestments | (190,000) | |
| Proceedsfromsaleofinvestments | 83,510 | |
| Netcashprovided by investing activities | 295,526 | 266,836 |
| Changeincashandcashequivalentsintheyear | (23,925) | 25,704 |
| Cash andcashequivalentsbroughtforward | 226,044 | 200,340 |
| Cash andcashequivalentscarried forward | 202,119 | 226,044 |
| Netfunds reconciliation | ||
| Cashatbank | 202,119 | 226,044 |
| Cash andcashequivalents | 202,t19 | 226,044 |
| 2. | FINANCIALINVESTMENT INCOME | 2024 | 2023 |
|---|---|---|---|
| f | f | ||
| Dividends | 61,628 | 41,455 | |
| Rent | 230,000 | 220,000 | |
| 291,628 | 261,455 | ||
| 2024 | 2023 | ||
| 3. | COSTOF'RAISINGFUNDS | f | f |
| Investmentmanagerfees Sundry Expenses |
4,894ll | 3,724 | |
| LegalFees | 2,940 | ||
| 7,845 | 3,724 | ||
| 2024 | 2023 | ||
| 4. | CHARITABLE ACTIVITIES | f | f |
| Grants(seenote 5) | 278,398 | 220,754 | |
| Grantswrittenback | (1s,005) | ||
| BankCharges | 200 | 40 | |
| Subscriptions | 97 | 890 | |
| Grant supportcosts(seenote 6) | 10,000 | 10,000 | |
| Govemance costs(seenote6) | 30,520 | 26,438 | |
| Expenditureoncharitableobjects(writtenbackin previousyear) | (5,390) | 26,820 | |
| 298,820 | 284,942 |
| TheTrustmade grantsto87recipients(2023:92) withatotal value of1278}98(2 to the organisations detailedbelowinalphabetical order: - |
023:f220,754) |
|---|---|
| Organisation | Grantf |
| 63rd Peterborough (StKyneburgha)Scout Group | 1,500 |
| Adfam | 2,500 |
| Angel Fair (re:SueRyder) | 2,500 |
| Anna'sHope | s00 |
| Barnsley Hospice | 2,500 |
| BlindVeteransUK | 5,000 |
| BritishandForeignBibleSociety | 1,000 |
| Cancer ResearchUK | 2,500 |
| Castor&Ailsworth,StKyneburghaPCC | 3,000 |
| ChapterofPeterborough Cathedral | 1,000 |
| Christmas Treesto LocalChurches and Schools, Peterborough | 2,905 |
| ChurchArmy | 620 |
| Concerteenies | 2,500 |
| Country Trust | 2,500 |
| Countryside Learning | 2,500 |
| CurlewAction | 2,000 |
| CyclistsFightingCancer | 5,000 |
| Cystic FibrosisCare | 2,500 |
| DeafBlindUK | 2,500 |
| DisabilityHuntingdonshire | 1,000 |
| Dore Parochial Church Council | 2,000 |
| EastAngliaAirAmbulance | 2,000 |
| EastAnglia's Children'sHospices | 500 |
| EndeavourTraining Ltd | 1,000 |
| EtonCollege | 300 |
| EuropeanSquirrelInitiative | 1,000 |
| Facial PalsyUK | 1,500 |
| Foundling Museum | 5,000 |
| FriendsofPeterborough Cathedral | 50 |
| FriendsofStMary's Church | 2,000 |
| FriendsoftheSpafford Children'sCenterofJerusalem | 1,000 |
| Gary Clarke CompanyLtd | 1,500 |
| Guards ChapelTrust | 25,000 |
| HamertonPCC | 5,000 |
| Helping Empower Lives inPeterborough | 2,500 |
| Helpston Lawn Tennis Club | 1,000 |
| Hospicesof Hope | 2,500 |
| JamesPlace | 2,500 |
| JohnnyReynolds Foundation | 1,000 |
| Juvenile Diabetes ResearchFoundation | 1,000 |
| Kidology ArtsCIC | 3,500 |
| KingsCliffe&AreaCommunitySportsProjectLimited | 1,500 |
| Littlelifts | I,000 |
| LlanfairDC Community Council | 2,500 |
| Maddie'sMiracle | 1,000 |
| Malton AmenityCIC | 65,000 |
| MarholmParishCouncil | 875 |
| MarholmParochial Church Council | 10,000 |
| Mausolea&Monuments Trust | 48 |
| Mission UkraineUKCIC | 5,000 |
| Musicin Hospitals&Care | 1,000 |
| Sub-totalcarriedforward | l95,69g |
|---|---|
| GRANTS (continued) | |
| Organisation | € |
| Sub-totalbrought forward | 195,698 |
| NantClwydCricket Club | 3,000 |
| NationalGardens Scheme | 2,500 |
| NationalYouthChoirs ofGreatBritain | 1,000 |
| Neen Sollars PCC | 1,000 |
| NeneValleyCareTrust | 2,000 |
| NeneValleyRailwayLtd | 2,000 |
| NightingaleHouseHospice | 200 |
| NortonTrinityMethodist Church | 2,000 |
| PacesSheffield | 2,000 |
| PanathlonFoundation | I,000 |
| ParishNursing MinistriesUK | 1,000 |
| Peterborough CathedralTrust | 2,000 |
| Premier Learning | 1,000 |
| RichardShephardMusic Foundation | 2,000 |
| RockinghamCollieryCricket Club | 1,000 |
| Rowan Humberstone | 1,000 |
| Ryedale SpecialFamilies | 4,000 |
| Samaritans | I,000 |
| SandpiperTrust | 1,000 |
| SavetheChildren | 2,000 |
| SequalTrust | 1,000 |
| Songbird Survival | 1,000 |
| StAlphonsusandOur Lady Church, BlackmorePark | 1,000 |
| StKyneburghaBuildingPreservationTrust | 2,500 |
| TalkinTam Community Group | 1,000 |
| TheodoraChildren's Charity | 1,000 |
| ThomasTheyer Foundation | 2,000 |
| UkraineDrive | 2,500 |
| VeteransFoundation | 2,500 |
| WalesAirAmbulance Charitable Trust | 1,000 |
| WentworthWoodhouse PreservationTrust | 26,000 |
| WhizzKidz | 1,000 |
| YorkshireCancer Research | 2,500 |
| Yorkshire Children's Charity | 2,500 |
| YoungPeople'sCounsellingService | 1,000 |
| YrIfanc ynIal | 1,500 |
| Subtotal | 278,398 |
| GRANTSWRITTENBACK | |
| Grantoffer withdrawn | (7,s00) |
| Credit relatingtoprioryear | (7,505) |
| GrandTotal | 263,393 |
| GRANTSUPPORTAND GOVERNAN | CECOSTS | ||
|---|---|---|---|
| Grantsupport f |
Governance f |
2024 f |
|
| Auditors'remuneration: | |||
| - Audit |
8,400 | 8,400 | |
| - Tax |
2,120 | 2,120 | |
| Secretarycosts | 10,000 | 10,000 | 20,000 |
| Managementcosts | 10,000 | 10,000 | |
| 10,000 | 30,520 | 40,520 | |
| Grantsupport c |
Governance c |
2023 t |
|
| Auditors'remuneration | |||
| - Audit |
5,350 | 5,350 | |
| - Tax |
1,872 | 1,872 | |
| Secretarycosts | 10,000 | 10,000 | 20,000 |
| Managementcosts | 9,216 | 9,216 | |
| 10,000 | 26,438 | 36,438 |
| 7. | INVESTMENTS | Property f |
Quoted t |
Other f |
Total f |
|---|---|---|---|---|---|
| Atvaluation 1April2023 | 15,825,010 | 4,099,656 | 93,928 | 20,018,594 | |
| Movementincash | (83,510) | (83,510) | |||
| Additions | 190,000 | 190,000 | |||
| Disposals | (12I,868) | (l2l,868) | |||
| Unrealised gains | 517,170 | 744,660 | 1,261,929 | ||
| At3lMarch2024 | 16,342,180 | 4,912,448 | 10,418 | 21,265,046 | |
| Historiccost | l,'199,986 | 10,419 | |||
| UKquoted | 4,912,449 |
| 8. | DEBTORS | 2024 | 2023 | |
|---|---|---|---|---|
| s | c | |||
| Prepayments | 343 | |||
| 343 | f.- | |||
| 9. | CREDITORS | 2024 | 2023 | |
| Duewithinoneyear: | f | f | ||
| Tradecreditors | 1,356 | |||
| Accrualsandincomeinadvance | lg,g0; | 74,467 | ||
| Grants payable | 57,000 | 9,01g | ||
| Amountsowedtogroupundertakings | 2,500 | |||
| 78,400 | 90,841 | |||
| Grants payableasat startofyear | 9,018 | 27,000 | ||
| Grantswritten back | (33,841) | (4,000) | ||
| Grantsapproved in year | 345,216 | 225,744 | ||
| Grantspaid | (263,393) | (239,726) | ||
| Grants payableasat endofyear | 57,000 | _i4tt | ||
| 10. | RECONCILIATIONOFUNRESTRICTEDFUNDS | |||
| (seenote1(b)forexplanationoffunds) | Unrestricted funds EndowmentGeneral |
Total | ||
| Fund cf |
Fund | Funds f |
||
| At1April2023 | 20,037,953 | I 15,844 | 20,153,797 | |
| Deficit fortheyear | (15,037) | (15,037) | ||
| Realised Gain/(losses) | (l1,481) | (l1,481) | ||
| UnrealisedGain/(losses) | 1,261,829 | 1,261,829 | ||
| At3lMarah2024 | 21,299,302 100,808 | 21,389,1l0 | ||
| At1April2022 | 18,698,865 | 143,055 | 18,841,920 | |
| (Deficit) fortheyear | (27,211) | (27,211) | ||
| Unrealisedgains | 1,339,088 | 1,339,088 | ||
| At3lMarch2023 | ||||
| 20,037,953 115,844 | 20,153,797 |
| 1I.ANALYSISOFNETASSETSBETWEENFUNDS | Endowment | General | Total |
|---|---|---|---|
| Fund | Fund | Funds | |
| c | f | f | |
| Investments | 21,265,046 | 21,265,046 | |
| Currentassets | 202,462 | 202,462 | |
| Currentliabilities | (78,400) | (78,400) | |
| 21,265,046 | 124,062 | 21,389,108 | |
| Inter-fundloan | 34,736 | (34,736) | |
| Netassetsat3lMarch2024 | 21,299,782 | 89,326 | 21,389,109 |
| Investments | 20,018,594 | 20,018,594 | |
| Currentassets | 226,044 | 226,041 | |
| Currentliabilities | (90,841) | (90,841) | |
| 20,018,594 | 135,203 | 20,153,797 | |
| Inter-fundloan | 19,359 | (19,359) | |
| Netassetsat3lMarch2023 | 20,037,953 | 115,844 | 20,153,797 |
| 13.COMPARATIVEF'IGURESBYFUND | 2023 | ||
|---|---|---|---|
| Unrestricted Funds | |||
| EndowmentGeneral | Total | ||
| Fund | Fund | Fund | |
| Incomefrom: | ff | f | |
| Investmentincome | 261,455 | 261,455 | |
| Totalincome | 261,455 | 261,455 | |
| Expenditure: | |||
| Costsof raising funds | 3,724 | 3,724 | |
| Charitable activities | 284,942 | 284,942 | |
| Total expenditure | 288,666 | 288,666 | |
| NET EXPENDITUREbeing net movementinfunds | |||
| before gains andlosseson investments | (27,ztt) | (27,2t1) | |
| Unrealised gains/(losses) on investments | l,33g,0gg | I,339,088 | |
| NET MOVEMENTSINFUNDS | 1,339,099 | (27,211) | 1,311,977 |
| RECONCILIATIONOF FUNDS | |||
| Totalfundsbroughtforward | 18,698,865 | 143,055 | 18,841,920 |
| Totalfunds carriedforward | 20,037,953 | 115,844 | 20,153,797 |
| 2024 | 2023 | |
|---|---|---|
| f | f, | |
| ESTATE INCOME | ||
| Otherrents | 230,000 | 220,000 |
| TOTALINCOME | 230,000 | 220,000 |
| ADMINISTRATION | ||
| Netmanagementexpenses | 38,142 | 32,980 |
| Auditand accountancy | 10,520 | 7,222 |
| TOTALEXPENDITURE | 48,662 | 40,202 |
| NETESTATEINCOME | 181,338 | r79,828 |
| ExpenditureonCharitableobjectswrittenback | 5,390 | (27,7t0) |
| Donations | (278,398) | (220,754) |
| Donations written back | 15,005 | |
| Investment income | 54,418 | 40,785 |
| Interestreceivable | 7,210 | 670 |
| Deficitpre capitalgains | (15,037) | (27,2tl) |
| Realised gains/(losses) on investments | (1 I,481) | (11,481) |
| Unrealisedgains/(losses) on investments | l,26l,g2g | 1,261,829 |
| Net movementinfunds | 1,235,311 | 1,311,877 |
EFCT Financial Statements 31.03.2024
Final Audit Report
2025-01-29
Created: 2025-01-29 By: Thomas Robinson (Thomas.Robinson@armstrongwatson.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAkSAASpqpZHY86LEQPrfJHvYqGjzmRgP2
"EFCT Financial Statements 31.03.2024" History
Document created by Thomas Robinson (Thomas.Robinson@armstrongwatson.co.uk) 2025-01-29 - 17:08:09 GMT- IP address: 86.166.74.93
Document emailed to Simon Turner (simon.turner@armstrongwatson.co.uk) for signature 2025-01-29 - 17:09:19 GMT
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Agreement completed.
2025-01-29 - 20:56:07 GMT