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|Contents||
|---|---|
|Page:||
|1.|Reference and administrative details|
|2-5.|Report of the Governors|
|6-9.|Report of the independent auditors|
|10.|Statement of financial activities incorporating income and expenditure account|
|11.|Balance Sheet|
|12-19.|Notes forming part of the financial statements|
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|||Accumulated Designated Total Total|Accumulated Designated Total Total|
|---|---|---|---|
|||Income|Capital Funds Funds|
||Note|Fund Fund 2022 2021||
|||i £ £ £||
|Income from:||||
|Investments 4 39,944 - 39,944 38,002||||
|Total||39,944|39,944 38,002|
|Expenditure on:||||
|Raising funds|6|8,242|8,242 7,923|
|Charitable activities|5|159,897|159,897 72,808|
|Total||168,139|168,139 80,731|
|Net expenditure before
(losses)/gains on investments||(128,195)|(128,195) (42,729)|
|Net (Iosses)/gains on investments|9|(93,342)|(93,342) 271,182|
|Net (expenditure)/income||(221,537)|(221,537) 228,453|
|Transfers between funds|14|(6,916)|6,916|
|Net movement in funds||(228,453)|6,916 (221,537) 228,453|
|Reconciliation of funds:||||
|Total funds brought forward||228,453 1,750,253 1,978,706 1,750,253||
|Total funds carried forward|||1,757,169 1,757,169 1,978,706|
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||Note|2022|2021|
|---|---|---|---|
|||£ £|£ £|
|Fixed assets:||||
|Investments|9|1,729,494|1,902,334|
|Current assets:||||
|Debtors|10|10,635|15|
|Cash at bank and in hand||18,840|78,097|
|||29,475|78,112|
|Creditors: amounts falling due||||
|within one year|11|(1,800)|(1,740)|
|Net current assets||27,675|76,372|
|Net assets||1,757,169|1,978,706|
|Representing||||
|Accumulated funds|15|||
|Unrestricted funds:||||
|Designated capital fund||1,757,169|1,750,253|
|Accumulated income fund|||228,453|
|||1,757,169|1,978,706|
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|2022|2021|
|---|---|
|£|£|
|39,944|38,002|
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|5|Charitable activities|||
|---|---|---|---|
|||2022|2021|
||Donations|£|£|
||MacMillan Cancer Support|15,000|15,000|
||Samaritans West Suffolk||4,432|
||Headway Suffolk||1,650|
||REACT|6,559|6,324|
||Livability||1,834|
||Eden Rose Coppice Trust||3,519|
||Suffolk Philharmonic Orchestra||4,000|
||Motor Neurone Disease Association|2,000|2,000|
||Bury St Edmunds Theatre Management Ltd||7,989|
||Suffolk Accident Rescue Service||11,000|
||St Nicholas Hospice|4,219|6,900|
||BSEVC||4,817|
||BSE Rickshaw||1,440|
||British Red Cross|11,770||
||Bury St Edmunds Woman's Aid|22,315||
||Gatehouse Caring in East Anglia|1,348||
||Suffolk Community Foundation|15,000||
||Our Special Friends|2,529||
||Riverwalk School|20,225||
||Upbeat Heart Support|8,784||
||Friends of Exning School|20,602||
||Achieving Aspirations|13,764||
||Bridge Project Sudbury|22,000||
||St Edmunds Newstalk Association|1,902||
||Deafblind|510||
||Age UK Suffolk (donation returned)|(10,620)||
|||157,907|70,905|
||Governance costs|||
||Audit and accountancy (Note 7)|1,860|1,800|
||Bank charges|14|19|
||Miscellaneous expenses|116|84|
|||1,990|1,903|
||Total|159,897|72,808|
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|6|Raising funds|||
|---|---|---|---|
|||2022|2021|
|||£|£|
||Investment manager fees|8,242|7,923|
|7|Auditor's remuneration|||
|||2022|2021|
|||£|£|
||Audit fee (including VAT)|1,860|1,800|
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|d Asset Investments|||
|---|---|---|
||2022|2021|
||£|£|
|Movement in fixed asset listed investments|||
|Market value brought forward at 1 July 2021|1,885,700|1,603,489|
|Additions to investments at cost||197,221|
|Disposals at carrying value|(99,205)|(186,192)|
|Net (loss)/gain on revaluation|(93,342)|271,182|
|Market value as at 30 June 2022|1,693,153|1,885,700|
|Cash held within the investment portfolio|36,341|16,634|
|Total at 30th June 2022|1,729,494 1,902,334||
|Investments at fair value|||
|Comprised:|||
|Equities
Fixed interest securities
Cash held within the investment portfolio|1,547,604 1,725,601
145,549 160,099
36,341 16,634||
||1,729,494 1,902,334||
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||2022|2021||
|---|---|---|---|
||£|£||
|Accrued income|15||15|
|Other debtors|10,620|||
||10,635||15|
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|11|Creditors: amounts falling due within one year|||
|---|---|---|---|
|||2022|2021|
|||£|£|
||Accruals|1,800|1,740|
|12|Financial instruments|||
|||2022|2021|
|||£|£|
||Financial assets measured at fair value|1,729,494|1,902,334|
||Financial assets measured at fair value comprise of investments.|||
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||Accumulated|Designated||
|---|---|---|---|
||Income|Capital||
||Fund|Fund|Total|
||£|£|£|
|Represented by:-||||
|Investments|(27,675)|1,757,169|1,729,494|
|Net current assets|27,675||27,675|
|||1,757,169|1,757,169|
||Accumulated Designated||
|---|---|---|
||Income Capital||
||Fund Fund|Total|
||£
£|£|
|Represented by:-|||
|Investments|152,081 1,750,253|1,902,334|
|Net current assets|76,372 - 76,372||
||228,453 1,750,253|1,978,706|
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||Fund||Fund|
|---|---|---|---|
||Balances||balances|
||Brought||Gains and carried|
||Forward|Income Expenditure|Transfers Losses forward|
||£|£ £|£ ££|
|Unrestricted||||
|funds:||||
|Accumulated
income fund|228,453|39,944 (168,139)|(6,916) (93,342)|
|Designated|1,750,253||6,916 - 1,757,169|
|capital fund||||
||1,978,706|39,944 (168,139)|(93,342) 1,757,169|
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||Fund|||Fund|
|---|---|---|---|---|
||Balances|||balances|
||Brought|||Gains and carried|
||Forward|Income Expenditure Transfers||Losses forward|
||£||£ £ £|£ £|
|Unrestricted|||||
|funds:|||||
|Accumulated
income fund|(265,371) 38,002 (80,731) 265,371|||271,182 228,453|
|Designated
capital fund|2,015,624 - - (265,371)|||- 1,750,253|
||1,750,253||38,002 (80,731)|271,182 1,978,706|
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||2022||2021||
|---|---|---|---|---|
||£|£|£|£|
|Investment income|||||
|Collective investment funds|39,944||38,002||
|||39,944||38,002|
|Donations|||||
|MacMillan Cancer Support
Samaritans West Suffolk|15,000||15,000
4,432||
|Headway Suffolk
REACT
Livability|6,559||1,650
6,324
1,834||
|Eden Rose Coppice Trust|||3,519||
|Suffolk Philhannonic Orchestra|||4,000||
|Motor Neurone Disease Association|2,000||2,000||
|Bury St Edmunds Theatre Management Ltd|||7,989||
|Suffolk Accident Rescue Service|||11,000||
|St Nicholas Hospice
BSEVC|4,219||6,900
4,817||
|BSE Rickshaw|||1,440||
|British Red Cross|11,770||||
|Bury St Edmunds Woman's Aid|22,315||||
|Gatehouse Caring in East Anglia|1,348||||
|Suffolk Community Foundation|15,000||||
|Our Special Friends|2,529||||
|Riverwalk School|20,225||||
|Upbeat Heart Support|8,784||||
|Friends ofExning School|20,602||||
|Achieving Aspirations|13,764||||
|Bridge Project Sudbury|22,000||||
|St Edmunds Newstalk Association|1,902||||
|Deafblind|510||||
|Age UK Suffolk (donation returned)|(10,620)||||
|Investment and Governance costs||(157,907)||(70,905)|
|Audit and accountancy|1,860||1,800||
|Bank charges|14||19||
|Investment managers fees|8,242||7,923||
|Miscellaneous expenses|116||84||
|||(10,232)||(9,826)|
|Net outgoing funds||(128,195)||(42,729)|
|Investment (losses)/gains||(93,342)||271,182|
|Net movement in funds for the year||(221,537)||228,453|