| Page | ||
|---|---|---|
| Trustees' report |
1-2 | |
| Statement oftrustees' | responsibilities | |
| Independent auditor's |
report | 4-6 |
| Statement offinancial | activities | |
| Baiance sheet | ||
| Statement of cash flows | ||
| Notes to the financial | statements | 10-16 |
| Unrestricted | Endowment | Total Unrestricted | Total Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2022 | 2Q22 | 2022 | 2021 | 2021 | 2Q21 | ||||
| Notes | |||||||||
| ~lne me freer |
|||||||||
| Donations and |
legacies | 2 | 5,095,170 | 5,095,170 | |||||
| Investments | 3 | 3,844,088 | 3,844,088 | 3,661,714 | 3,661,714 | ||||
| Total income and | |||||||||
| endowments | 3,844,088 | 3,844,088 | 3,661,714 | 5,095,170 | 8,756,884 | ||||
| x e dit reon: | |||||||||
| Charitable activities |
4 | 4,465,896 | 4,465,896 | 3,455,127 | 3,455,127 | ||||
| Net gainsl(losses) | on | ||||||||
| investments | (39,917,692) | (39,917,692) | 54,193,991 | 54,193,991 | |||||
| Net movement | in | funds | (621,808) | (39,917,692) | (40,539,500) | 206,587 | 59,289,161 | 59,495,748 | |
| Fund balances | at 6April | ||||||||
| 2021 | 3,219,804 | 168,111,605 | 171,331,409 | 3,013,217 | 108,822,444 | 111,835,661 | |||
| Fund balances at | 5 | ||||||||
| April 2022 | 2,597,996 | 128,193,913 | 130,791,909 | 3,219,804 | 168,111,605 | 171,331,409 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Fixed assets | |||||
| Investments | 10 | 128,193,913 | 168,111,605 | ||
| Current assets | |||||
| Debtors | 12 | 1,682,612 | 122,877 | ||
| Cash at bank and | in | hand | 928,319 | 3,106,023 | |
| 2,610,931 | 3,228,900 | ||||
| Creditors: amounts | falling due within | ||||
| one year | 13 | (12,935) | (9,096) | ||
| Net current assets | 2,597,996 | 3,219,804 | |||
| Total assets less | current liabilities | 130,791,909 | 171,331,409 | ||
| Capital funds | |||||
| Endowment funds |
—general | 128,193,913 | 168,111,605 | ||
| Income funds | |||||
| Unrestricted funds |
2,597,996 | 3,219,804 | |||
| 130,791,909 | 171,331,409 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash (absorbed by)/generated operations |
from | 16 | (6,021,792) | 3,139,978 | |||
| investing | activities | ||||||
| Gift ofshares | (5,095,170) | ||||||
| Investment | income received | 3,844,088 | 3,661,714 | ||||
| Net cash | generated from/(used in) |
||||||
| investing | activities | 3,844,088 | (1,433,456) | ||||
| Net cash | used in financing | activities | |||||
| Net (decrease)/increase in |
cash and | cash | |||||
| equivalents | (2,177,704) | 1,706,522 | |||||
| Cash and | cash equivalents at beginning |
ofyear | 3,106,023 | 1,399,501 | |||
| Cash and | cash equivalents | at end of | year | 928,319 | 3,106,023 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Donations | and | legacies | 5,095,170 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| Income from | listed investments | 3,843,678 | 3,661,210 | ||
| Interest receivable | 410 | 504 | |||
| 3,844,088 | 3,661,714 | ||||
| Charitable | activities | ||||
| 2022 | 2021 | ||||
| Legal and | professional | fees | 8,029 | 9,018 | |
| Grant funding | ofactivities (see note 5) | 4,420,829 | 3,418,500 | ||
| Share ofgovernance | costs (see note 6) | 37,038 | 27,609 | ||
| 4,465,896 | 3,455,127 |
| 2022f | 2021 | |||
|---|---|---|---|---|
| Grants to | institutions: | |||
| Education | 1,326,325 | 1,059,500 | ||
| Health | 1,314,004 | 769,750 | ||
| Children | &youth | 468,500 | 343,000 | |
| Overseas | 402,000 | 333,000 | ||
| Homeless | 265,000 | 235,000 | ||
| Community | 120,000 | 57,500 | ||
| Emergency | 120,000 | 310,000 | ||
| Social provision | 205,000 | 157,000 | ||
| Family | 74,000 | 42,500 | ||
| Armed Forces | / Ex-Service | 60,500 | 52,500 | |
| Elderly | 30,500 | 13,750 | ||
| Rescue services | 35,000 | 35,000 | ||
| Religious | 10,000 | |||
| 4,420,829 | 3,418,500 |
| Support a | nd governance costs |
|||
|---|---|---|---|---|
| 2022 | 2021 | Basis ofallocation | ||
| Staff costs | 33,258 | 23,956 | Staff time | |
| Audit fees | 3,780 | 3,653 | Full cost | |
| 37,038 | 27,609 | |||
| Analysed | between | |||
| Charitable | activities | 37,038 | 27,609 |
| 8 | Employees | ||||||
|---|---|---|---|---|---|---|---|
| Number ofemployees | |||||||
| The average monthly |
number ofemployees | during the year was: | |||||
| 2022 | 2021 | ||||||
| Number | Number | ||||||
| Administration | |||||||
| Employment costs |
2022 | 2021 | |||||
| Wages and salaries | 33,258 | 23,956 | |||||
| 9 | Net gains/(losses) | on investments | |||||
| 2022 | 2021 | ||||||
| Gain/(loss) on revaluation |
of investments | (39,917,692) | 54,193,991 | ||||
| 10 | Fixed asset investments | ||||||
| Listed | |||||||
| investments | |||||||
| K | |||||||
| Cost or valuation | |||||||
| At 6April 2021 | 168,111,605 | ||||||
| Valuation changes |
(39,917,692) | ||||||
| At 5April 2022 | 128,193,913 | ||||||
| Carrying amount |
|||||||
| At 05April 2022 | 128,193,913 | ||||||
| At 05April 2021 | 168,111,605 |
| 11 | Financial instruments |
Financial instruments |
2022f | 2021f | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Carrying amount |
of | financial | assets | |||||||||
| Equity instruments | measured | at cost less impairment | 128,193,913 | 168,111,605 | ||||||||
| Carrying amount |
of | financial | liabilities | |||||||||
| Measured at arnortised |
cost | 12,935 | 9,096 | |||||||||
| 12 | Debtors | |||||||||||
| 2022 | 2021 | |||||||||||
| Amounts falling |
due | within | one | year: | f | |||||||
| Prepayments and |
accrued income | 1,682,612 | 122,877 | |||||||||
| 13 | Creditors: amounts | falling | due | within one year | ||||||||
| 2022f | 2021f | |||||||||||
| Other creditors | 5,496 | |||||||||||
| Accruals and deferred | income | 12,935 | 3,600 | |||||||||
| 12,935 | 9,096 | |||||||||||
| 14 | Analysis of net assets between | funds | ||||||||||
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | |||||||
| funds | funds | funds | funds | |||||||||
| 2022 f |
2022 | 2022 f |
2021 f |
2021f | 2021 | |||||||
| Fund balances at | ||||||||||||
| 5 April 2022 are | ||||||||||||
| represented by: |
||||||||||||
| Investments | 128,193,913 | 128,193,913 | 168,111,605 | 168,111,605 | ||||||||
| Current assets/ | ||||||||||||
| (liabilities j | 2,597,996 | 2,597,996 | 3,219,804 | 3,219,804 | ||||||||
| 2,597,996 | 128,193,913 | 130,791,909 | 3,219,804 | 168,111,605 | 171,331,409 |
| 16 | Cash generated from operations |
Cash generated from operations |
2022 | 2021 | ||
|---|---|---|---|---|---|---|
| (Oeficit)/surpus forthe year |
(40,539,500) | 59,495,748 | ||||
| Adjustments for. |
||||||
| Investment income recognised |
in statement | offinancial | activities | (3,844,088) | (3,661,714) | |
| Fair value losses and (gains) on investment | valuations | 39,917,692 | (54,193,991) | |||
| Movements in working capital: |
||||||
| (Increase)/decrease in debtors |
(1,559,735) | 1,503,170 | ||||
| Increase/(decrease) in creditors |
3,839 | (3,235) | ||||
| Cash (absorbed by)/generated |
from operations | (6,021,792) | 3,139,978 | |||
| 17 | Analysis ofchanges in net funds |