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|Legal and administrative
information|Legal and administrative
information|1|
|---|---|---|
|Report of the trustees||2|
|Report of the independent auditors to the trustees||10|
|Statement of financial|activities|15|
|Statement of financial|position|16|
|Notes to the financial|statements|17|
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||||||Unrestricted|Unrestricted|2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||income|capital|Total|Total|
||||Notes||||||
|INCOME AND ENDOWMENTS|||||||||
|Investment
income||||2|391, 367||391,367|359,590|
|Total
income|||||391, 367||391, 367|359, 590|
|EXPENDITURE
ON|||||||||
|Raising funds
Investment
management|fees|||3|25, 298|25, 298|50,596|58, 161|
|Charitable
activities||4,|5 &|6|314, 669|193, 669|508, 338|390,976|
|Other|||||||||
|Governance
costs|||5 &|7|15, 504|15, 505|31, 009|30, 173|
|Total expenditure|||||355, 471|234, 472|589, 943|479, 310|
|Net income/(expenditure)|||||35, 896|234, 472)|198, 576)|119, 720)|
|Other recognised
gains|and losses||||||||
|Realised ( losses)/
gains
on investments||||8||431, 338)|431, 338)|55, 123)|
|Unrealised ( losses)/
gains|on investments|||8||216,350)|216, 350)|137,516)|
|Other gains / ( losses)
Exchange gains/(losses)|||||10, 646)|10,646)|21, 292)|1, 622|
|Total recognised
gains and losses|||||10,646)|658, 334)|668, 980)|191, 017)|
|Net movement in funds|||||25, 250|892, 806)|867, 556)|310, 737)|
|Reconciliation of funds|||||||||
|Total funds brought forward 06 April||2022|||119, 405|10,597,435|10, 716, 840|11, 027,577|
|Total funds carried forward 05 April|||2023||144, 655|9,704,629|9,849,284|10,716,840|
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|||Notes|2023|2022|
|---|---|---|---|---|
|FIXED ASSETS|||||
|Investments
at market value||8|9,346, 860|10,515, 334|
|CURRENT ASSETS|||||
|Cash
at bankibroker||9|512, 457|207, 518|
|Debtors|||||
|Loan
receivable||10|28, 022|27, 646|
||||540, 479|235, 164|
|LIABILITIES|||||
|Creditors falling due within one year||11|38, 055|33,658|
|NET CURRENT|ASSETS||502, 424|201, 506|
|TOTAL NET ASSETS|||9, 849, 284|10, 716, 840|
|THE FUNDS OF|THE CHARITY||||
|Unrestricted
income funds|||||
|Capital account|||9,704,629|10, 597, 435|
|Income
account|||144, 655|119, 405|
|UNRESTRICTED|FUNDS|12|9,849,284|10, 716, 840|
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|2.|INVESTMENT INCOME|2023|2022|
|---|---|---|---|
||Dividends -UK equities|140,798|133, 366|
||Interest —bank deposits|16,750||
||Interest —fixed interest securities &funds|233, 819|226, 224|
|||391, 367|359, 590|
|3.|INVESTMENT MANAGEMENT FEES|2023|2022|
||Investment
management
fees,inclusive of custodian charges|50, 596|58, 161|
##
|4.|GRANTS
AWARDED|GRANTS
AWARDED|||2023|
|---|---|---|---|---|---|
||Grants from income:|||||
||Action for Kids||||4,000|
||Activeens||||2,000|
||Age Concern East Sussex||||3, 000|
||Alexandra
Rose Charity||||2,000|
||Alice House Hospice||||4,000|
||Be Enriched Elements||||4,000|
||Bollington
Community|Association|||4,000|
||British Red Cross Society Emergency Appeal||||5, 000|
||Care for Carers||||3, 000|
||Care in Mind||||3,000|
||Chailey Heritage Foundation||||2,000|
||Childrens'Heart Federation||||3, 500|
||Community Action Ghana||||3, 000|
||Cyrenians||||3, 000|
||Demelza House Childrens'Hospice||||2,000|
||Dentaid Limited||||4,000|
||Dunfermline
Athletic Disabled||Supporters||4,000|
||Eric Lidell||||2,000|
||Erskine Hospital||||2,000|
||Father Hudson Society||||3, 000|
||Feedback||||2,000|
||Fight against blindness||||3, 000|
||Golden
Oldies||||4,000|
||Good Neighbours UK||||3, 000|
||Grounded Community||||3, 000|
||Gympanzees||||2,000|
||Harrow Samaritans||||1, 000|
||Hope House Childrens'|Hospice|||2,000|
||Intouch/ Kids United||||4,000|
||Kids n' Action||||5, 000|
||Sub -total carried forward||||91, 500|
|||||20||
|5|APRIL|2023|||
|---|---|---|---|---|
|4.||GRANTS
AWARDED ( continued)||2023|
|||||f.|
|||Sub -total brought
forward||91,500|
|||Lake District Mobility||4,000|
|||Livingstone Tanzania Trust||2,000|
|||London Wheelchair Rugby Club||4,000|
|||Marie Curie||3, 000|
|||Motor Neurone Disease Association||3,000|
|||Music of Life Foundation||4,000|
|||Newlife Charity Disabled Children||3, 000|
|||Northern
Ballet||2,000|
|||Our Special Friends Ltd||5, 000|
|||Outward||4,000|
|||Overgate
Hospice||3, 000|
|||Pasic Cancer
support||3, 000|
|||React||4,000|
|||Richmond Furniture Scheme||4,000|
|||Ryde Methodist Church||2,000|
|||Salvation Army UK||20, 000|
|||Save the Children -Emergency Appeal||5, 000|
|||Save the Children -Pakistan||5, 000|
|||Save the Children -Turkey|earthquake appeal|10, 000|
|||Scottish Outdoor Education|Centre|4, 000|
|||Seashell Trust||3, 000|
|||Solihull Moors Foundation||2,000|
|||Spread Some Sunshine||2,000|
|||St Christopher' s Hospice||4,000|
|||Sunshine Wishes Childrens'|Charity|3,000|
|||Suvai Deafeast Community||1, 500|
|||Teenage Cancer Trust||5, 000|
|||The Africa Foundation||4, 000|
|||The British Disabled Angling Association||3, 000|
|||The Brock Garden Centre||4,000|
|||Sub -total carried forward||217, 000|
|4.|GRANTS
AWARDED ( continued)|2022|
|---|---|---|
||Sub -total brought
forward|217,000|
||The Connection at St Martin in the Field|20, 000|
||The Cotton
Tree Trust|3, 000|
||The Dolphin Society|3, 000|
||The Ellen MacArthur
Cancer Trust|5, 000|
||The Guide Dogs for the Blind|5, 000|
||The Ickle Pickle Partnership Limited|4,000|
||The Myton Hospice|3, 000|
||The Olive Branch ( Faith in action)|4,000|
||The Open Door Edinburgh|4,000|
||The Separated Children Foundation|5,000|
||Thomley Hall Centre|4,000|
||Tools for Solidarity|1, 000|
||Victoria College|3, 000|
||Wessex Childrens'Hospice|4,000|
||West Coast Crash Wheelchair Rugby|3, 000|
||Willow Foundation|2,000|
||Wings for Warriors|3, 000|
||Total grants from income|293, 000|
||Grants from Capital:||
||ABF The Soldiers Charity|4,000|
||Big Issue Foundation|2,000|
||Boccia England|3, 000|
||Butterwick Limited|3, 000|
||Childrens'Heart Surgery Fund|4,000|
||City Escape|2, 000|
||Clatterbridge
Cancer Charity|2,000|
||Dentaid|91, 000|
||Diverse Abilities|3, 000|
||Sub -total carried forward|114,000|
|4.|GRANTS
AWARDED (|continued)|2022|
|---|---|---|---|
||||f.|
||Sub -total brought forward||114,000|
||Great Western Air Ambulance||3, 000|
||Heart of Kent Hospice||5, 000|
||Katharine
House Hospice||2,000|
||Noah'
s Ark Childrens'
Hospice||3, 500|
||Norfolk
Hospice||3, 000|
||North
Yorkshire
Hospice Care||4,000|
||Prisoners'Education Trust||2,000|
||Quest for Learning||4,000|
||Sick Childrens'
Trust||4,000|
||SPACE||1, 000|
||St Joseph' s Hospice Association||2,500|
||St Wilfred'
s Hospice||2,000|
||Sudden Productions||2,000|
||Thames Valley Air Ambulance||4,000|
||Ty Hafan||3, 000|
||Wakefield Hospice||5, 000|
||Whizz
Kidz||5, 000|
||Willow Wood Hospice||3,000|
||||172, 000|
||Total grants from capital|||
##
||||Charitable||
|---|---|---|---|---|
||Total|Governance|activities|Basis of|
||allocated (|Note 7)|Note 6)|apportionment|
|Administration,|||||
|||||80%charitable|
|accountancy &|||||
|office expenses|54,172|10, 834|43, 338|activities|
##
|||||||Allocation|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Grant|of 50%of|income|income|
|||||Sector|funded|support|fund|fund|
||||||activity|costs|2023|2022|
|Grants
from income|||||||||
|Medical|and social|care||15|45, 500|3, 365|48, 865|107, 941|
|Disabled|and aged|||32|92,500|6, 841|99,341|88, 917|
|Homeless||||8|24, 000|1, 775|25,775|30, 639|
|Children|and young|persons||37|108, 000|7,987|115, 987|110,147|
|Church and community|||projects|8|23, 000|1, 701|24,701|32,844|
||||||293, 000|21, 669|314, 669|370, 488|
|||||||Capital|Total|Total|
||||||Total|50%of|charitable|charitable|
|||||Sector|income|support|activities|activities|
||||||2023|costs|2023|2022|
|Grants from income|||||||||
|Medical|and social|care||15|48, 865|3, 365|52,230|113, 882|
|Disabled|and aged|||32|99, 341|6, 841|106, 182|93, 834|
|Homeless||||8|25,775|1, 775|27,550|32, 278|
|Children|and young persons|||37|115, 987|7,987|123, 974|116, 294|
|Church and community|||projects|8|24,701|1, 701|26,402|34,688|
||||||314, 669|21, 669|336,338|390, 976|
|Grants from capital|||||||||
|Medical|and social|care||84||145, 000|145, 000||
|Disabled|and aged|||6||10, 000|10, 000||
|Homeless||||1||2, 000|2,000||
|Children|and young|persons||8||14, 000|14,000||
|Church and community|||projects|1||1, 000|1, 000||
|Total
Charitable
Activities|||||314, 669|193, 669|508,338|390, 976|
##
|7.|ANALYSIS OF GOVERNANCE COSTS|ANALYSIS OF GOVERNANCE COSTS||||
|---|---|---|---|---|---|
|||||2023|2022|
||Trustees'expenses|||5,686|5, 656|
||Auditors remuneration|||5,240|4,920|
||Administration,accountancy &|sundry ( refer to note|5)|10,834|10, 243|
||Legal and professional fees —|database development||9,249|9,354|
|||||31, 009|30, 173|
||Governance costs have been allocated equally between income and capital,|||||
|8.|FIXED ASSET INVESTMENTS|||
|---|---|---|---|
||Movement in fixed asset investments|2022|2021|
||Market value at beginning ofthe year|10,515,334|10,783,243|
||Additions at cost|4,780, 855|723,416|
||Disposal proceeds|5,301, 641)|798, 686)|
||Net investment gains/(losses):-|||
||Realised|431, 338)|55, 123)|
||Unrealised|216,350)|137,516)|
||Market value at the end of the year|9,346, 860|10,515, 334|
||Historical cost at the end of the year|9,040,773|9,642,059|
||Investments at market value comprised:|||
||Equities and fiends|4,832,690|6,098, 308|
||Fixed asset securities|4,514, 170|4,417, 026|
|||9,346, 860|10, 515, 334|
||UK investments|1, 938,053|2, 531, 448|
||Overseas investments|7,408,807|7,983, 886|
|||9,346,860|10,515,334|
##
||Investment|Shareholding %|Total|Market value|
|---|---|---|---|---|
||||market value|2023|
||Aegon High Yield Global|212, 000|9.92%|927,161|
||Bond A GBP||||
||New Capital Wealthy Nations Bond Fund GBP|6, 570|5. 97%|557,727|
||Guinness Global Equity Income B USD
JP Morgan Income A Div USD|45, 000
4,730|7.00%
5. 17%|654, 585
483, 106|
||Pimco Global Investors Series Plc Income|61, 000|5. 43%|507, 520|
||Fund GBP||||
||Standard Chartered plc 5. 125%06/ 06/2034|590, 000|5. 65%|528, 168|
|9.|CASH AT BANK|Account|2023|2022|
||Capital||||
||UBS AG,Jersey ( GBP &EUR &USD)|Deposit|371, 397|132, 732|
||Income||||
||UBS AG,Jersey ( GBP,EUR &USD)|Deposit|136, 258|52, 506|
||Barclays Bank Plc|HICA||22, 280|
||Butterfield
Bank Jersey|Call|4,802||
||||141,060|74,786|
||Total cash at bank||512, 457|207, 518|
|10.|LOAN RECEIVABLE||2023|2022|
||Capital||||
||The Executors of C V Green||28,022|27,646|
##
|11.|ANALYSIS OF CURRENT|ANALYSIS OF CURRENT|LIABILITIES:|||
|---|---|---|---|---|---|
||Creditors
under
one year|||2023|2022|
||Income|||||
||Custodian
fees|||1, 112|1, 115|
||Investment management|fees||5,565|6, 097|
||Administration
fee and|sundry|expenses|6,513|7, 117|
||Audit fee —Spenser Wilson &||Co|2,600|2,500|
||Database maintenance|||3,237 -||
|||||19, 027|16, 829|
||Capital|||||
||Custodian fees|||1, 112|1, 115|
||Investment management|fees||5,565|6,097|
||Administration fee and|sundry|expenses|6,513|7, 117|
||Audit fee —Spenser Wilson &||Co|2,600|2,500|
||Database
maintenance|||3,238||
|||||19, 028|16, 829|
||Total income
and capital current liabilities|||38, 055|33, 658|
##
||Funds b/f|Incoming
resources|Resources
expended|Gains &
losses|Funds c/f|
|---|---|---|---|---|---|
|Unrestricted||||||
|funds|10, 716, 840|391,367|589,943)|668, 980)|9,849,284|