| CONTENTS | Page | |
| Trustees' Annual Report |
1-3 | |
| Independent Examiner's |
report | |
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Notes to the Accounts | 7-13 |
| Note | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Expendable | Unmstricted | Total | Total | ||||
| Income from: | Endowment 8 |
Funds 6 |
Funds f |
Funds 8 |
|||
| Investment Income |
110,921 | 110,921 | 99,237 | ||||
| Total Income | 110,921 | 110,921 | 99,237 | ||||
| ExXE85S(Sly on: | |||||||
| Raising Funds | 2,349 | 2,349 | 2,390 | ||||
| Charitable ActiviTies |
5 | 6,024 | 93,238 | 99,262 | 63,723 | ||
| Total expenditure | 8,373 | 93,238 | 101,611 | 66,113 | |||
| Net Incomel(expenditure) | before investment | ||||||
| gains/(losses) | (8,373) | 17,683 | 9,310 | 33,124 | |||
| Net (losses)/gains | on investments | 15 | (144,837) | (144,837) | 22&,638 | ||
| Net (Expenditure) | IIncome | and | |||||
| net movement in funds |
(153,210) | 17,683 | (135,527) | 261,762 | |||
| Total funds brought | forward | 4,135,186 | 119,002 | 4,254,188 | 3,992,307 | ||
| Total fund balances carried forward | 3,981,976 | 136,685 | 4,118,661 | 4,254,069 |
| Fixed assets: | Note | 5Apdl 8 |
2023 6 |
5April 8 |
2022 f |
|||
|---|---|---|---|---|---|---|---|---|
| Investment Property |
||||||||
| Swinstead Hall |
575,000 | 575,000 | ||||||
| Investments at fair value |
||||||||
| Quoted investments | 3,245,321 | 3,381,710 | ||||||
| 3,820,321 | 3,956,710 | |||||||
| Current assets: | ||||||||
| Debtors | ||||||||
| Rent receivable | 8,721 | 17,442 | ||||||
| Cash at Bank | ||||||||
| Ruffer LLP | ||||||||
| Income account | 19 | |||||||
| Capital account | 10,766 | 21,706 | ||||||
| National Westminster |
pic | |||||||
| Current account | 100 | 100 | ||||||
| Reserve account | 18,471 | 2,260 | ||||||
| Barclays PLC | 154,244 | 246,245 | ||||||
| CCLA | 100,000 | |||||||
| Scottish Widows | 14,858 | 14,806 | ||||||
| 298,458 | 285,117 | |||||||
| Creditors: | 4,127,500 | 4,259,269 | ||||||
| Sayers Sutterworth | LLP | 6,840 | 3,000 | |||||
| 1,560 | 1,620 | |||||||
| Ruffer LLP | 439 | 580 | ||||||
| 8,839 | 5,200 | |||||||
| Total net assets | 4,118,661 | 4,254,069 | ||||||
| REPRESENTING: | ||||||||
| Expendable Endowment |
Fund | 12 | 3,981,976 | 4,135,127 | ||||
| Unrestricted Income |
Fund | 12 | 136,685 | 118,942 | ||||
| TotalFunds | 4,118,661 | 4,254,069 |
| NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5APRIL 2023 |
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5APRIL 2023 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Legalstatus | |||||||||||
| The | Ancaster Trust is an unincorporated charity, registered in England and Wales. The |
registered | number number |
and | ||||||||
| principal oflice address can be found on the legal and administrative information page. |
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| 2 | Accounting pogces |
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| (a) | Basis of preparation and assessment ofgoing concern |
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| The accounts (finanmal statements) have been prepared under the histoncal cost convention with items recognised |
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| at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. |
The financial | |||||||||||
| statements have bean prepared in accordance with the Statement ofRecommended |
Accounting | and Reporting | by | |||||||||
| Charities preparing their accounts in accordance with the Financial Reporting Standard applicable |
in Ihe United | |||||||||||
| Kingdom and Republic of Ireland (FRS 102) issued on 16th July 2014and tha Financial Standard |
applicable | in | the | |||||||||
| United Kingdom and Republic ofIreland (FRS102)and the Charities Act2011. |
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| The trust constitutes a public benefit entity as defined by FRS 102. |
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| The financial statements are presented in pounds sterling and rounded tothe nearest |
pound. | |||||||||||
| There are no material uncertainties regarding the charities ability to continue and |
so the going concern basis |
has | ||||||||||
| been adopted. | ||||||||||||
| (b) | Income | |||||||||||
| Investment mcome ls accounted for in the period in which the charily is entitled |
to receipt. | Investment | mneme | |||||||||
| recerved by the Chariity qualifying for repayment of income tax has been grossed |
up for tax | recoverable | and | this | ||||||||
| gross amount is recognised in the Statement ofFinancial Activities. |
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| (c) | Taxation | |||||||||||
| No provision fcr taxaticn is included m the accounts as the Charity is entitled to the exemption 11ofthe Corporation Taxes Act 2010. |
for tax afforded | by part | ||||||||||
| Expenditure | ||||||||||||
| Expenditure is included on an accruals basis and includes irrecoverable value added tax. |
Donaticns payable |
are | ||||||||||
| charged in the year when the offer is conveyed to the recipient except in those cases where |
the offer is conditional, | |||||||||||
| such donations being recognised as expenditure when tha conditions attaching |
are fulfilled. | Donations | offered | |||||||||
| subject to conditions which have not been met at the year end are noted as a commitment, |
but not accrued | as | ||||||||||
| expenditure. | ||||||||||||
| Support costs (including governance costs) include those casts associated with |
meeting | the constitutional | and | |||||||||
| statutory requirements ofthe Charity and include costs linked to the strategic management ofthe |
Charity. | |||||||||||
| (e) | Investments | |||||||||||
| Investments are included at closing mid-market value (ie fair value) at the balance |
sheet date. | Any gain cr | loss | on | ||||||||
| revaluation is taken to the Statement of Financial Activities. |
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| (I) | Investment property |
|||||||||||
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising |
from changes | in | fair | |||||||||
| value is recognised tn Income or expendkture. |
||||||||||||
| (g) | Cash at Bank and in hand | |||||||||||
| Cash at bank and in hand jncludes cash and shori term highly liquid investments |
with a short maturity |
of three | ||||||||||
| months orless from the date ofacquisition or opening ofthe deposit or similar account |
||||||||||||
| (h) | Debtors | |||||||||||
| Trade end other debtors are recognwed at the settlement amount due. Prepayments are |
valued at the |
amount | ||||||||||
| prepaid. | ||||||||||||
| (i) | Creditors and provisions | |||||||||||
| Creditors and provisions are recognised where ihe Charity has a present obligation wig probably result in the transfer of funds to a third party and the amount due |
resulting to settle |
from a past event that the obligation can be |
||||||||||
| measured or estimated reliably. Creditors and provisions are normagy recognised |
at their setgement amount |
after | ||||||||||
| allowing for any trade discounts due. | ||||||||||||
| (i) | Fund accounting | |||||||||||
| Details ofthe nature and purpose ofeach fund is set out in note 12 | ||||||||||||
| (k) | Foreign currencies | |||||||||||
| Assets and liabilities in foreign currenaes are translated inta sterling at the rates of |
exchange | ruling at the |
balance | |||||||||
| sheet date. Day to day transactions in foreign currencies are initially recorded at the the dates ofthe transactions. Exchange differences are taken into account in arriving |
rates ofexchange prevailing at the operating result. |
on | ||||||||||
| (I) | Estimates and judgements |
|||||||||||
| Estimates and underlying assumptions are reviewed by trustees on an ongoing |
basis Revisions to accountmg |
|||||||||||
| estimates are recognised m the period in which the estimate is revised. |
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| The trustees do not consider that there are any critical estimates or areas ofjudgement | that need | to be | ||||||||||
| brought to the attention ofthe readers ofthe financial statements. |
| property, in September 201 |
9at | 857 | 5,00 | 0. | , |
||||
|---|---|---|---|---|---|---|---|---|---|
| 9 | |||||||||
| Fair value at 5April 2023 | 575,000 | ||||||||
| Fair value at5 April 2022 | 575,000 | ||||||||
| Historical Cost | 15,000 | ||||||||
| 4 | Investment Income |
2023 | 2022 | ||||||
| 9 | f. | ||||||||
| Rent on Swihstead Hall lease |
17,442 | 17,442 | |||||||
| Income from securities | 92,839 | 81,779 | |||||||
| Bank interest received | 640 | 16 | |||||||
| 110,921 | 99,237 | ||||||||
| 5 | Charitable Activities - Grant making Annual Payments Under Standing Order |
Month of payment |
2023f | 2022f | |||||
| Allah Kariem UK | February | 200 | 200 | ||||||
| February | 300 | 300 | |||||||
| Age UK | AprII | 500 | 300 | ||||||
| Battersea Dogs Home | 300 | ||||||||
| Big Issue Foundation UK |
March | 200 | 2DO | ||||||
| Boston Preservation Trust |
February | 300 | 300 | ||||||
| British Limbless Ex-Servicemen's | Association - Ancaster Award | April | 2DO | ||||||
| British Legion Pappy Appeal | Lincolnshire | March | 500 | 500 | |||||
| Bourne Civic Society | February | 20D | 200 | ||||||
| Bourne Darby &Joan | August | 300 | 300 | ||||||
| Camfed | May | 300 | |||||||
| Cancer Vaccine | August | 300 | |||||||
| Canine Partners | March | 300 | 300 | ||||||
| Children's Family Trust |
August | 300 | |||||||
| Council for Preservation ofRural |
England | May | 300 | ||||||
| Edithweston Parochial Church Council |
Sept | 200 | 200 | ||||||
| Edenhsm Parochial Church |
Council | August | 300 | ||||||
| Edenham Regional House |
March | 200 | 200 | ||||||
| Fauna 8 Flora Preservation | Society | March | 300 | 300 | |||||
| Fine Cell Work | February | 3DO | 300 | ||||||
| Friends ofthe Elderly | July | 300 | |||||||
| Freedom fram Torture |
February | 400 | 400 | ||||||
| Friepds of King Edward Hospital |
March | 300 | 300 | ||||||
| Game and WUdlife Conversation | Trust | August | 100 | ||||||
| Glyneboume Arts |
March | 800 | 300 | ||||||
| Grantham 8 District Society |
for Mentally | Handicapped | Children | Sept | 300 | 300 | |||
| Gurkha Welfare | March | 300 | 300 | ||||||
| Carriied forward | 7,80D | 5,200 |
| THE AN | CASTER | TRUST | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE | ACCOUNTS FOR | THE | |||||||||
| YEAR ENOEO 5APRIL 2023 | |||||||||||
| 5 | Charitable Activities ~ Grant making |
Month of | 2023 | 2022 | |||||||
| Annual Payments Under Standing |
Order )continued) | payment | 8 | 8 | |||||||
| Brought Forward | 7,800 | 5,200 | |||||||||
| Health Poverty Action |
February | 300 | 600 | ||||||||
| Hoping Foundation |
March | 300 | 300 | ||||||||
| The Howard League | January | 300 | 300 | ||||||||
| JustActMiddle East |
March | 300 | 300 | ||||||||
| Kesteven Blind Society |
March | 300 | 300 | ||||||||
| Levant British Research | May | 100 | |||||||||
| Lines Trust Nature Conservation |
January | 300 | 300 | ||||||||
| Lincolnshire Integrated Voluntary |
Emergency | Services | January | 300 | 300 | ||||||
| Lincolnshire Churches Trust |
August | 400 | |||||||||
| Lincoln Cathedral - Fabric Fund | August | 100 | |||||||||
| Livability | March | 300 | 300 | ||||||||
| Matthew Trust | August | 300 | |||||||||
| Marie Cune Memorial Foundation |
April | 500 | 300 | ||||||||
| Medecins Sans Frontieres | March | 300 | 300 | ||||||||
| Methodist Homes ForTheAged | Apriil | 500 | 3DD | ||||||||
| Muthll Parish Church | November | 100 | 1DD | ||||||||
| National Trust for Scotland for places | of Historical Interest and | Natural | Beauty | August | 100 | 1DD | |||||
| New Bridge | March | 500 | 300 | ||||||||
| Order ofStJohn Ophthalmic | Hospital | Sept | 250 | 250 | |||||||
| Order ofStJohn - Hospital Account | February | 300 | 300 | ||||||||
| Passage 2000 | April | 300 | 300 | ||||||||
| Peoples Dispensary for Sick |
Animals | May | 30D | ||||||||
| Practical Action | August | 300 | |||||||||
| Prison Reform Trust | January | 300 | 300 | ||||||||
| Prisoners ofConscience Appeal Fund | February | 300 | 300 | ||||||||
| February | 300 | 300 | |||||||||
| Provident IRow) Night Refuge &Home | April | 200 | 200 | ||||||||
| Queen Elizabeth's Foundation |
for the | Disabled | 300 | 300 | |||||||
| Rare Breeds Survival Trust |
March | 200 | 200 | ||||||||
| FNL formerly Royal Literary Fund |
May | 300 | |||||||||
| Royal Sociely for the Relief ofIndigent | Gentlewomen | ofScotland | November | 200 | 200 | ||||||
| RNLI Skegness | March | 300 | 300 | ||||||||
| The Samaritans -General Office |
January | 200 | 200 | ||||||||
| -Boston Branch | February | 300 | 300 | ||||||||
| Save the Children Fund - General |
Fund | Sept | 400 | 400 | |||||||
| Scottish Wildlife Trust | November | 300 | 300 | ||||||||
| Sightsavers International' (name |
change) | August | 300 | ||||||||
| Send a Cow | November | 300 | 300 | ||||||||
| Spilsby Fabriic Fund Stroke Association |
Sept February |
300 300 |
300 300 |
||||||||
| StAndrew's Episcopal Church, Cagsnder |
November | 100 | 100 | ||||||||
| StJames' Episcopal, Church, | Muthill | March | 300 | 300 | |||||||
| St Paula Church Kmghtsbridge | April | 100 | |||||||||
| St Helen's Aswardby | February | 100 | 100 | ||||||||
| StMungo Housing | March | 300 | 300 | ||||||||
| Swinstead PCC Fabric | August | 300 | |||||||||
| Toynbee Hall |
August | .300 | |||||||||
| The Connection | March | 3DD | 300 | ||||||||
| Toybox | March | 300 | 300 | ||||||||
| UNIPAL | March | 300 | 3DD | ||||||||
| Carried forward | 21,650 | 15,850 |
| YEAR ENDED | YEAR ENDED | YEAR ENDED | YEAR ENDED | YEAR ENDED | YEAR ENDED | YEAR ENDED | 5APRIL 2023 | 5APRIL 2023 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | Chsditable Activities -Grant making Annual Payments Under Standing Order (continued) |
Igonth of payment |
2023f | 2022 f. |
|||||||||
| Brought Forward | 21,650 | 15,850 | |||||||||||
| Wallace Collection | March | 300 | 300 | ||||||||||
| Wegs for India | Iylarch | 300 | 300 | ||||||||||
| Westminster Children's |
Society | March | 200 | 200 | |||||||||
| Whitechapel Mission |
January | 200 | 200 | ||||||||||
| Womankind Worldwide |
February | 300 | 300 | ||||||||||
| World Monuments Fund |
in Britain | July | 300 | ||||||||||
| Zane | March | 300 | 300 | ||||||||||
| Zoological Society | August | 300 | |||||||||||
| 23,850 | 17,450 | ||||||||||||
| School Fees | |||||||||||||
| Beestone School - Jamie Philippi Fees | 12,000 | 11,000 | |||||||||||
| Gresham School - Rose Phigppi |
10,000 | 9,000 | |||||||||||
| Morrlsons Academy | —lone Aldridge | Fees | 4,000 | ||||||||||
| StLaurence Education Trust | - George | Philippi | 12,000 | 12,000 | |||||||||
| 34,000 | 36,000 | ||||||||||||
| Other Payments Made |
during | the | Year | ||||||||||
| Art Fund | 5,000 | ||||||||||||
| Friends ofthe Earth | 500 | ||||||||||||
| Grimsthorpe and Drummond |
Trust | 364 | 354 | ||||||||||
| Royal Hospital for Neuro Disability | 1,000 | ||||||||||||
| St Mary's Swinstesd | 10,000 | ||||||||||||
| 2,500 | |||||||||||||
| UNHCR Ukraine | 7,500 | ||||||||||||
| Zane | 1,000 | ||||||||||||
| 27,864 | 364 | ||||||||||||
| School Fees | 34,000 | 36,000 | |||||||||||
| Standing Orders |
23,850 | 17,450 | |||||||||||
| Total Donations made |
during | the | year | 85.714 | 53,814 | ||||||||
| The objectives ofthe | Trust are fulfilled | by the Trustees through | consideration | ofappeals | and making | grants in response |
thereto. | ||||||
| Ag grants are for the | general | support | ofthe recipent. | ||||||||||
| 2023 | 2023 | 2023 | 2022 | ||||||||||
| Endowment f |
Unrestricted f |
Total | Total | ||||||||||
| Chaditable Activities |
(as | 'above) | 85,714 | .85,714 | 53,814 | ||||||||
| Support Costs- Administration | &Accountancy | 1,500 | 1,500 | 1,500 | |||||||||
| Support Costs | 6,024 | 6,024 | 12,048 | 8,409 | |||||||||
| Total | 6,024 | 93,238 | 99,262 | 63,723 |
| Analysis ofnet as | sets between funds | |||||
|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | |||
| Expendable | Unrestdcted | |||||
| Endowment | Income | |||||
| Fund | Fund | Total | Total | |||
| E | 8 | 8 | 5 | |||
| Fund balances at 5April 2023are represented | by: | |||||
| Fixed assets | 3,820,321 | 3,820,321 | 3,956,710 | |||
| Current assets | 166,294 | 132,164 | 298,458 | 285,117 | ||
| Debtors | 8,721 | 8,721 | 17,442 | |||
| Creditors: amounts | falling due within one year | (4,639) | (4,200) | (8,839) | (5,200) | |
| 3981976 | 136685 | 4118661 | 4,254,069 |
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