ARTHUR JAMES PATERSON CHARITABLE TRUST FINANCIAL STATEMEKrs FOR THE YEAR ENDED S APRIL 2022
| Page | ||
|---|---|---|
| Trustee's Report |
1-3 | |
| Independent Examiner's |
Report | |
| Statement of Financial |
Activites | |
| Balance Sheet | ||
| Notes to the financial statements | 7-10 |
| Risk identified | Risk identified | Action taken to miti ate | the risk | |||
|---|---|---|---|---|---|---|
| - Investments | will | drop | in value | - Trustee has appointed | a professional | firm to manage |
| the investments | ||||||
| —Donations | made | will | not be spent how | —Trustee actively review | the donations | and ask for |
| the Trustee | would | like | updates and reports. |
| Note | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| Fund | Fund | |||||
| F | ||||||
| Income | ||||||
| Investment Income |
59,418.11 | 47,127.88 | ||||
| Total Income | F59,418.11 | 247,127.88 | ||||
| Expenditure | ||||||
| Charitable Activities |
73,904.00 | 82,998.00 | ||||
| Costs of raising funds | 17,902.55 | 15,670.03 | ||||
| Governance costs |
10,787.46 | 6,587.00 | ||||
| Total Expenditure | 2102,594.01 | 2105,255.03 | ||||
| Net Expenditure | Before Gains and | |||||
| Losses on Investments | (843,175.90) | (258,127.15) | ||||
| Net Gains on Investments | ||||||
| Realised | 55,407.03 | 43,052.70 | ||||
| Unrealised | 104,370.14 | 252,945.00 | ||||
| 159,777.17 | 295,997.70 | |||||
| Net Movement in |
Funds | in | the Year | 2116,601.27 | 2237,870.55 | |
| Funds | ||||||
| At 5 April 2021 | 1,957,531.55 | 1,719,661.00 | ||||
| Net Movement of |
Resources | in the Year | 116,601.27 | 237,870.55 | ||
| At 5 April 2022 | R2,074,132.82 | R1,957,531.55 |
| Note | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Fixed Assets | ||||||
| Investments | 2,151,790.40 | 1,953,657.73 | ||||
| Current Assets | ||||||
| Cash | 17,703.32 | 92,209.82 | ||||
| 17,703.32 | 92,209.82 | |||||
| Current Liabilities |
||||||
| Creditors, amounts falling |
due | |||||
| within one year | 95,360.90 | 88,336.00 | ||||
| Net Current Assets | (77,657.58) | 3,873.82 | ||||
| Assets less Current | Liabilites | R2,074,132.82 | F1,957,531.55 | |||
| Funds | ||||||
| Unrestricted Fund |
R2,074,132.82 | R1,957,531.55 | ||||
| The financial statements | were approved | by the Trustee | on | 2023 | ||
| Digitally signed | Digitally signed | |||||
| by Bradley WALDEN |
~P | by Scott RICE 01,: |
||||
| Date: | 2023.02.01 | 2023.02.01 | ||||
| 10:06:42Z | 11:20:50Z |
| 2 | Investment | Income | 2022 | 2021 |
|---|---|---|---|---|
| Income from | UK Listed Securities | 59,418.11 | 47,114.00 | |
| Interest Received | 13.88 | |||
| F59,418.11 | F47,127.88 |
| 3 | Charitable Activities |
2022 | 2021 | ||
| Glenalmond College |
12,318.00 | 13,833.00 | |||
| King's College | 24,635.00 | 27,666.00 | |||
| Age UK | 8,211.00 | 9,222.00 | |||
| NSPCC | 8,211.00 | 9,222.00 | |||
| Turn 2 Us | 8,211.00 | 9,222.00 | |||
| Worcester College | 12,318.00 | 13,833.00 | |||
| Support Costs (note 4) | 10,787.46 | 6,587.00 | |||
| R84,691.46 | F89,585.00 | ||||
| 4 | Support Costs | 2022 | 2021 | ||
| Governance Costs: |
|||||
| SG Kleinwort Hambros |
Trust Company | (UK) Limited Fees | 8,843.46 | 5,345.00 | |
| Independent Examiner's |
Fees | 1,800.00 | 1,170.00 | ||
| LE I Fee | 144.00 | 72.00 | |||
| F10,787.46 | E6,587.00 | ||||
| 5 | Investments listed on |
a recognised | Stock Exchange | 2022 | 2021 |
| Book Value Brought Forward | 1,866,305.26 | 1,600,385.56 | |||
| Purchases | 182,541.06 | 409,706.00 | |||
| Disposals | (229,764.23) | (439,784.00) | |||
| 1,819,082.09 | 1,570,307.56 | ||||
| Realised Gain | 55,407.03 | 43,052.70 | |||
| Unrealised Gain |
104,370.14 | 252,945.00 | |||
| Market Value | 1,978,859.26 | 1,866,305.26 | |||
| Cash on: | |||||
| SG Kleinwort Hambros |
Bank Account | 73,906.55 | 19,130.45 | ||
| Smith 8 Williamson | 99,024.59 | 68,222.02 | |||
| Total Investments | R2,151,790.40 | R1,953,657.73 |
| 6 | Creditors, amounts falling due within |
Creditors, amounts falling due within |
one year | 2022 | 2021 |
|---|---|---|---|---|---|
| SG Kleinwort Hambros |
Trust Company | (UK) Limited Fees | 4,653.90 | 3,052.00 | |
| Independent Examiner's |
Fees | 2,970.00 | 2,286.00 | ||
| Grants payable | 87,737.00 | 82,998.00 | |||
| L95,360.90 | 288,336.00 | ||||
| The grants payable: | |||||
| Grants payable brought |
forward | 82,998.00 | |||
| Grants agreed in the year |
73,904.00 | 82,998.00 | |||
| Grants paid | (69,165.00) | ||||
| Grants payable carried |
forward | 87,737.00 | 82,998.00 |