| Index | Pacaee |
|---|---|
| LEGAL AND ADMINISTRATIVE INFORMATION |
|
| REPORT OF THE TRUSTEES | 2-5 |
| REPORT OF THE INDEPENDENT AUDITORS | |
| STATEMENT OF FINANCIAL ACTIVITIES | |
| BALANCE SHEET | 1Q |
| NOTES TO THE FINANCIAL STATEMENTS | 11-13 |
| ADDRESS OF THE CHARITY | ADDRESS OF THE CHARITY | 53 Kings Road | ||
|---|---|---|---|---|
| Windsor | ||||
| SL42AD | ||||
| CHARITY REGISTRATION | NUMBER | 272927 | ||
| TRUSTEES | H.R.H. The Prince Edward, | Earl ofWessex, K.G.,G.C.V.O. | ||
| Lord Lieutenant | for Berkshire | |||
| Mayor ofthe Royal Borough | ofWindsor and Maidenhead | |||
| Governor and Constable of | Windsor Castle | |||
| The Deputy Ranger, The Crown Estate, Windsor Great Park | ||||
| Trust Secretary - C GAitken | ||||
| S Rayner | ||||
| R G P Kidson | ||||
| A A M Try, D.L. | ||||
| E Hewer | ||||
| PJ McKee | ||||
| P Branch | ||||
| Trust Treasurer | -CJWilson, C.A. | |||
| BANKERS | Barclays Bank pic | |||
| AUDITORS | Donald Reid Limited | |||
| Chartered Accountants |
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| Prince Albert House | ||||
| 20 King Street | ||||
| Maidenhead | ||||
| Berkshire | ||||
| SL6 1DT | ||||
| ACCOUNTANTS | Wilson Partners | Limited | ||
| TOR | ||||
| Saint-Cloud Way |
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| Maidenhead | ||||
| Berkshire | ||||
| SL68BN |
| Unrestricted | fund | |||||
|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | ||||
| f | ||||||
| Income and expenditure | ||||||
| Incoming resources from generated | funds | |||||
| Voluntary income |
399,670 | 18,667 | ||||
| Investment income |
57,304 | 46,425 | ||||
| Total incoming resources | 456,974 | 65,092 | ||||
| Resources expended | ||||||
| Charitable activities - grants |
57,250 | 107,415 | ||||
| Governance costs |
15,624 | 21,208 | ||||
| Total Resources Expended | 72,874 | 128,623 | ||||
| Net incoming / (outgoing) resources |
for the year | 384,100 | (63,531) | |||
| Other recognised gains | and losses | |||||
| Unrealised (losses)/gains |
on investment | assets | (37,243) | (31,698) | ||
| Net movement in funds |
346,857 | (95,229) | ||||
| Fund balances brought forward at |
1 May 2022 | 2,558,104 | 2,653,333 | |||
| Fund balances carried | forward | at 30 | April 2023 | 2,904,961 | 2,558,104 |
| Note | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| F | ||||||
| Fixed Asset | ||||||
| Investments | 2,871,167 | 2,548,410 | ||||
| Current Assets | ||||||
| Cash at bank | and | in | hand | 27,144 | 12,843 | |
| Debtors | 13,649 | 9,556 | ||||
| Creditors: amounts | falling due with one year | (6,999) | (12,705) | |||
| Net Current | Assets | 33,794 | 9,694 | |||
| Total assets | less | current liabilities | 2,904,961 | 2,558,104 | ||
| Funds | ||||||
| Unrestricted | funds | 2,904,961 | 2,558,104 |
| 1 | Accounting policies |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.1 | Basis ofaccounting | |||||||||||||||||||||
| The financial statements are prepared under the historical |
cost | convention | as modified | by | the revaluation | of | fixed | |||||||||||||||
| asset investments and include the results ofthe Chaiity's operations as indicated |
in | the | report ofthe | trustees, | all | of | ||||||||||||||||
| which are continuing. | ||||||||||||||||||||||
| The financial statements have been |
prepared in accordance |
with | the provisions | ofSORP | 2019(FRS | 102). | ||||||||||||||||
| 1.2 | Voluntary income |
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| Voluntary income is received in cash by way of donations |
and | from third |
party | fund | raising events. |
The | cash | |||||||||||||||
| collected is included in full in the Statement of Financial Activities |
on receipt. | |||||||||||||||||||||
| Gifts in kind are recognised on receipt and valued on the basis |
of | professional | charges | for preparing | the | accounts | ||||||||||||||||
| and audit for the year end 30 April 2023. | ||||||||||||||||||||||
| 1.3 | Investment income |
|||||||||||||||||||||
| a) Dividends are included in the Statement of Financial |
Activities | when | they are | declared. | ||||||||||||||||||
| b) Bank interest is inciuded |
in the Statement of Financial |
Activities | on receipt. | |||||||||||||||||||
| 1.4 | Expenditure | |||||||||||||||||||||
| a) Expenditure includes all |
material costs received after |
the | period | end but | relevant to the period |
to 30 | ||||||||||||||||
| April 2023. | ||||||||||||||||||||||
| b) Grants charged to the |
Statement of Financial |
Activities | include | those | paid | in | the period | and | those | |||||||||||||
| where the trustees have |
promised financial support |
to | the | recipient | as part | of a | binding | commitment | to | |||||||||||||
| that recipient. | ||||||||||||||||||||||
| c) Governance costs represent the costs associated with |
meeting | the constitutional | and statutory | |||||||||||||||||||
| requirements ofthe charity including audit fees. |
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| 1.5 | Investments | |||||||||||||||||||||
| The quoted investments are included |
in the balance sheet at market value. | Unrealised | gains/(losses) | |||||||||||||||||||
| on investment assets are included in |
the Statement of Financial Activities. |
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| 1.6 | Recognition of liabilities | |||||||||||||||||||||
| Commitments to which the Charity |
is bound are accounted |
for in full | in | the | financial | statements | as soon | as | the | |||||||||||||
| obligation arises. | ||||||||||||||||||||||
| 1.7 | Irrecoverable VAT |
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| Irrecoverable VAT is charged against |
the category of resources expended, | for | which | it was | incurred. | |||||||||||||||||
| 1.8 | Financial Instruments |
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| The Charity only has financial assets |
and liabilities of a kind | that | qualify | as | basic | financial | instruments. | These | are | |||||||||||||
| initially recognised at transaction value and subsequently measured |
at | their | settlement value. |
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| 1.9 | Fund accounting | |||||||||||||||||||||
| General funds are unrestricted funds |
which are available for |
use | at | the | discretion | of | the | Trustees in |
furtherance | of | ||||||||||||
| the general objectives ofthe Charity | and which have not been designated | for other purposes. | Investment | income, | ||||||||||||||||||
| gains and losses are allocated to the | appropriate fund. |
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| 2 | Income | 2023 | 2022 | |||||||||||||||||||
| Voluntary income comprises: |
||||||||||||||||||||||
| Donations received |
399,670 | 18,667 | ||||||||||||||||||||
| Investment income comprises: |
||||||||||||||||||||||
| Income from investments listed on a |
recognised stock exchange | 57,304 | 46,425 |
| FO | R THE YEAR END | 30 | A | PRIL | 2023 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 3 | Charitable activities |
2023 | 2022 | ||||||
| Grants payable in the |
furtherance | ofthe | Charity's objects | 57,250 | 107,415 | ||||
| There were no grants | to | individuals | or organisations | during the year which | exceeded f3,000. | ||||
| 4 | Governance costs |
||||||||
| 2023 | 2022 | ||||||||
| f. | |||||||||
| Accountancy | 668 | 3,190 | |||||||
| Auditors' remuneration |
4,400 | 4,200 | |||||||
| Legal fees | 1,020 | ||||||||
| Trustee expenses | 200 | 389 | |||||||
| Just Giving charges | 108 | 216 | |||||||
| PR and communications | 9,123 | 9,100 | |||||||
| Website and ITcosts | 1,125 | 1,307 | |||||||
| RREC event costs | 1,786 | ||||||||
| 15,624 | 21,208 | ||||||||
| No staff were employed | by | the Trustees | during the | year or in the previous | year. No remuneration | was paid to the | |||
| Trustees for services | provided. | ||||||||
| 5 | Fixed asset investments | ||||||||
| 2023 | 2022 | ||||||||
| UK quoted investments: | Investec Wealth 8 Investment | ||||||||
| Market value at start | ofyear | 2,548,410 | 2,630,108 | ||||||
| Withdrawals | (40,000) | (50,000) | |||||||
| Contributions Change in market value |
400,000 ~33,243) |
~31,808 | |||||||
| Market value at end ofyear | 2,871,167 | 2,548,410 | |||||||
| Cost at end ofyear | 2,830,128 | 2,109,088 | |||||||
| 6 | Debtors | ||||||||
| 2022 | 2022 | ||||||||
| F | |||||||||
| Accrued income - dividends | receivable | 13,649 | 9,556 | ||||||
| 7 | Creditors: amounts | falling | due within | one year | |||||
| 2022 | 2022 | ||||||||
| Other creditors | |||||||||
| - unpaid grants | 2,500 | ||||||||
| -accrued expenses | 6,999 | 10,205 | |||||||
| 6,999 | 12,705 |