| 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 |
| Accumulated Designated Total Total | Accumulated Designated Total Total | Accumulated Designated Total Total | ||
|---|---|---|---|---|
| Income | Capital | Funds Funds | ||
| Note | Fund Fund 2023 2022 | |||
| £ | i | i £ | ||
| Income from: | ||||
| Investments 4 41,530 - 41,530 39,944 | ||||
| Total | 41,530 | 41,530 39,944 | ||
| Expenditure on: | ||||
| Raising funds | 6 | 7,249 | 7,249 8,242 |
|
| Charitable activities | 5 | 132,322 | 132,322 159,897 | |
| Total | 139,571 | 139,571 168,139 | ||
| Net expenditure before losses on investments |
(98,041) | (98,041) (128,195) | ||
| Net gains/(Iosses) on investments | 9 | 52,549 | 52,549 (93,342) | |
| Net expenditure | (45,492) | (45,492) (221,537) | ||
| Transfers between funds | 14 | 45,492 | (45,492) | |
| Net movement in funds | (45,492) | (45,492) (221,537) | ||
| Reconciliation of funds: | ||||
| Total funds brought forward | 1,757,169 | 1,757,169 1,978,706 | ||
| Total funds carried forward | 15 | 1,711,677 | 1,711,677 1,757,169 |
| 2023 | 2022 |
|---|---|
| £ | £ |
| 41,530 | 39,944 |
| 5 | Charitable activities | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Grants | £ | £ | |
| MacMillan Cancer Support | 20,000 | 15,000 | |
| REACT | 6,601 | 6,559 | |
| Motor Neurone Disease Association | 2,000 | ||
| St Nicholas Hospice | 17,224 | 4,219 | |
| British Red Cross | 22,000 | 11,770 | |
| Bury St Edmunds Woman's Aid | 22,315 | ||
| Gatehouse Caring in East Anglia | 1,348 | ||
| Suffolk Community Foundation | 15,000 | 15,000 | |
| Our Special Friends | 2,529 | ||
| Riverwalk School | 20,225 | ||
| Upbeat Heart Support | 8,784 | ||
| Friends ofExning School | 6,000 | 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) | ||
| Mobility Trust | 2,671 | ||
| Norfolk & Suffolk Foundation Trust (Wedgewood House) | 40,654 | ||
| 130,150 | 157,907 | ||
| Governance costs | |||
| Audit and accountancy | 2,040 | 1,860 | |
| Bank charges | 16 | 14 | |
| Miscellaneous expenses | 116 | 116 | |
| 2,172 | 1,990 | ||
| Total | 132,322 | 159,897 |
| 6 | Raising funds | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Investment manager fees | 7,249 | 8,242 | |
| 7 | Auditor's remuneration | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Audit fee (including VAT) | 1,550 | 1,450 |
| d Asset Investments | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Movement in fixed asset listed investments | ||
| Market value brought forward at 1 July 2022 | 1,693,153 | 1,885,700 |
| Additions to investments at cost | ||
| Disposals at carrying value | (111,635) | (99,205) |
| Net gain/(loss) on revaluation | 52,549 | (93,342) |
| Market value as at 30 June 2023 | 1,634,067 | 1,693,153 |
| Cash held within the investment portfolio | 20,563 | 36,341 |
| Total at 30th June 2023 | 1,654,630 | 1,729,494 |
| Investments at fair value | ||
| Comprised: | ||
| Equities Fixed interest securities Cash held within the investment portfolio |
1,495,230 138,837 20,563 |
1,547,604 145,549 36,341 |
| 1,654,630 | 1,729,494 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accrued income | 15 15 | |
| Other debtors | 10,620 | |
| 15 10,635 |
| 11 | Creditors: amounts falling due within one year | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Designated future grants | 22,000 | ||
| Accruals | 1,920 | 1,800 | |
| 23,920 | 1,800 | ||
| 12 | Financial instruments | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Financial assets measured at fair value | 1,654,630 | 1,729,494 |
| Accumulated Designated | ||
|---|---|---|
| Income Capital | ||
| Fund Fund | Total | |
| £ £ | £ | |
| Represented by:- | ||
| Investments | 1,654,630 | 1,654,630 |
| Net current assets | 57,047 | 57,047 |
| 1,711,677 | 1,711,677 |
| Accumulated Designated | ||
|---|---|---|
| Income Capital | ||
| Fund Fund | Total | |
| £ £ | £ | |
| Represented by:- | ||
| Investments | 1,729,494 | 1,729,494 |
| Net current assets | 27,675 | 27,675 |
| 1,757,169 | 1,757,169 |
| Fund Fund | Fund Fund | |
|---|---|---|
| Balances balances | ||
| Brought Gains and carried | ||
| Forward Income Expenditure Transfers (Losses) forward | ||
| £ | £ £ £ £ £ | |
| Unrestricted | ||
| funds: | ||
| Accumulated | 41,530 (139,571) 45,492 52,549 |
|
| income fund | ||
| Designated capital fund |
1,757,169 | (45,492) - 1,711,677 |
| 1,757,169 | 41,530 (139,571) 52,549 1,711,677 |
| Fund | Fund | ||
|---|---|---|---|
| Balances | balances | ||
| Brought | Gains and carried | ||
| Forward | Income Expenditure | Transfers (Losses) fonvard | |
| £ | £ £ | £ ££ | |
| Unrestricted | |||
| funds: | |||
| Accumulated | 228,453 | 39,944 (168,139) | (6,916) (93,342) |
| income fund | |||
| Designated | 1,750,253 | 6,916 - 1,757,169 | |
| capital fund | |||
| 1,978,706 | 39,944 (168,139) | (93,342) 1,757,169 |