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2024-04-05-accounts
TRUSTEES |
ViceAdmiral |
ViceAdmiral |
SirTimLaurenceKCVOCB |
|
Sally
J |
TennantOBE |
|
|
Christopher |
|
DR Morgan |
|
Julian |
AV SmithCVO |
|
CHARITYADDRESS |
Farrer |
&Co |
LLP |
|
66Lincoln’s |
|
InnFields |
|
London |
|
|
|
WC2A |
3LH |
|
CHARITYREGISTRATIONNUMBER277814 |
|
|
|
SOLICITORS |
Farrer |
&Co |
LLP |
|
66Lincoln's |
|
InnFields |
|
London |
|
|
|
WC2A |
3LH |
|
AUDITOR |
Crowe |
U.K. |
LLP |
|
55Ludgate |
|
Hill |
|
London |
|
|
|
EC4M |
7JW |
|
INVESTMENTMANAGERS |
Sarasin |
&PartnersLLP |
|
|
Juxon |
House |
|
|
100St. |
Paul’sChurchyard |
|
|
London |
|
|
|
EC4M |
8BU |
|
BANKERS |
Coutts |
&Co |
|
|
440Strand |
|
|
|
London |
|
|
|
WC2R |
0QS |
|
|
Notes |
2024 |
2023 |
|
|
£ |
£ |
Incomefrom: |
|
|
|
Donations |
|
8,500 |
2,520 |
Legacies |
|
- |
36,434 |
Investments |
2 |
233,801 |
221,098 |
Total |
|
242,301 |
260,052 |
Expenditureon: |
|
|
|
Raisingfunds |
|
|
|
Investmentmanagementfees |
3 |
(43,077) |
(42,330) |
Charitableactivities |
|
|
|
Grantexpenditure |
4/5 |
(237,128) |
(237,294) |
Total |
|
(280,205) |
(279,624) |
Net(expenditure)beforegainsoninvestments |
|
(37,904) |
(19,572) |
Netgains/ (losses)oninvestments |
6 |
568,303 |
(504,244) |
Netincome/ (expenditure)andmovementinfunds |
|
530,399 |
(523,816) |
Reconciliationoffunds: |
|
|
|
Totalfundsbroughtforward |
|
7,796,469 |
8,320,285 |
Totalfundscarriedforward |
|
8,326,868 |
7,796,469 |
2. |
INVESTMENTINCOME |
|
|
|
|
2024
£ |
2023
£ |
|
Incomefrominvestments
Interest
on
deposit
and |
accounts |
held |
by |
investment |
227,874
5,927 |
220,490
608 |
|
managers |
|
|
|
|
|
|
|
|
|
|
|
|
233,801 |
221,098 |
3. |
INVESTMENTMANAGER’S |
FEES |
|
|
|
2024
£ |
2023
£ |
|
TotalfeespayabletoSarasin
Less:deducteddirectlyfromholdings |
|
within |
portfolio |
|
43,077
(58,115) |
42,330
(57,614) |
|
NetfeesrefundedbySarasin |
|
|
|
|
(15,038) |
(15,284) |
|
2024 |
|
2023 |
|
£ |
|
£ |
ChildrenandYouth(2) |
34,000 |
|
34,000 |
EnvironmentandWildlife(1) |
4,000 |
|
9,000 |
Medical(7) |
29,500 |
|
33,250 |
SocialWelfare(23) |
115,000 |
|
68,000 |
ArmedForces(8) |
28,400 |
|
30,000 |
Other(0) |
|
- |
20,000 |
|
210,900 |
|
194,250 |
5. |
GOVERNANCECOSTS |
2024 |
|
2023 |
|
|
£ |
|
£ |
|
Legalfees
Auditandaccountancyfees
Consultantfeesforinvestmentmanagerreview |
15,188
11,040 |
- |
14,484
10,560
18,000 |
|
|
26,228 |
|
43,044 |
INVESTMENTS |
|
|
|
Costat |
Market |
Costat
Marketvalue |
|
|
value |
|
|
5April |
At5 April |
5April |
At5 April |
2024 |
2024 |
2023 |
2023 |
£ |
£ |
£ |
£ |
Listedinvestments
7,058,322 |
8,131,732 |
7,050,743 |
7,610,129 |
Cashholdings
3,836 |
3,836 |
- |
- |
Totalfixedasset
7,062,158 |
8,135,568 |
7,050,743 |
7,610,129 |
investments |
|
|
|
nvestmentsaremanagedbySarasin& PartnersLLP.Atyearendallinvestmentsare
eldinunitsoftheSarasinEndowmentFund.Thetotalnumberofunitsheld
inthe
arasininvestmentportfoliofromhistoricincomereservesis353,286.Thetotalnumber
funitsheldatyearendwas6,714,890(2023:6,704,960). |
|
|
|
Movementininvestments |
|
2024
£ |
2023
£ |
Investmentsatmarketvalueatstartofyear
Additions
Disposals
Investmentmanager'sfeesdeducteddirectly
Netgain/ (loss)oninvestments |
fromportfolio |
7,610,129
11,415
-
(58,115)
568,303 |
8,156,322
15,665
-
(57,614)
(504,244) |
Investmentsatmarketvalueatendofyear |
|
8,131,732 |
7,610,129 |
7. |
CREDITORS |
2024 |
2023 |
|
|
£ |
£ |
|
Grantspayable |
20,000 |
250 |
|
Accruals |
18,489 |
16,704 |