| Page | ||||
|---|---|---|---|---|
| Reference and administrative details |
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| Trustees' report |
2-4 | |||
| Trustees' responsibilities statement |
||||
| Independent auditor's |
report to the members | of The Duke ofNorthumberland's | Charity | |
| Statement offinancial | activities | 10 | ||
| Balance sheet | ||||
| Notes to the financial | statements | 12-23 |
| Trustees | The Duke of Northumberland | ||
|---|---|---|---|
| Lord James Percy | |||
| Charity registered | |||
| number | 278584 | ||
| Registered | office | 9New Square | |
| Lincoln's Inn |
|||
| London | |||
| WC2A 3QN | |||
| Independent | auditor | UNW LLP | |
| Citygate | |||
| St James' Boulevard | |||
| Newcastle upon Tyne |
|||
| NE1 4JE | |||
| Bankers | Barclays Bank pic | ||
| 29Bondgate Within | |||
| Alnwick | |||
| NE66 1TF | |||
| C Hoare &Co | |||
| 37Fleet Street | |||
| London | |||
| EC4P 4DQ | |||
| Solicitors | Hunters Law LLP |
||
| 9 New Square | |||
| Lincolns Inn |
|||
| London | |||
| WC2A 3QN | |||
| Investment | advisors | Cazenove Capital Management | Limited |
| 1 London Wall Place | |||
| London | |||
| EC2Y 5AU | |||
| United Kingdom |
| Unrestricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| Note | 5 | 5 | 5 | ||||
| Income and endowments | from: | ||||||
| Donations and legacies |
4 | 50,000 | 50,000 | ||||
| Investments | 5 | 166,697 | 166,697 | 276,200 | |||
| Total income and | endowments | 218,697 | 216,697 | 276,200 | |||
| Expenditure on: | |||||||
| Raising funds | 6 | 1,146 | 9,341 | 10,487 | 21,723 | ||
| Charitable activities |
7 | 127,018 | 765 | 127,783 | 180,677 | ||
| Total expenditure | 128,164 | 10,106 | 138,270 | 202,400 | |||
| Net gains on investments | 305,311 | 305,311 | 423,928 | ||||
| Net movement in funds before other |
|||||||
| recognised gains |
88,533 | 295,205 | 383,738 | 497,728 | |||
| Other recognised | gains: | ||||||
| Gains on revaluation | offixed | assets | 28,790 | ||||
| Net movement in funds |
88,533 | 295,205 | 383,738 | 526,518 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 325,360 | 6,935,402 | 7,260,762 | 6,734,244 | ||
| Net movement in funds |
88,533 | 295,205 | 383,738 | 526,518 | |||
| Total funds carried | forward | 413,893 | 7,230,607 | 7,644,500 | 7,260,762 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | E | ||||||||
| Fixed assets | |||||||||
| Investments | 12 | 7,110,126 | 6,804,814 | ||||||
| Investment property |
13 | 105,000 | 105,000 | ||||||
| 7,215,126 | 6,909,814 | ||||||||
| Current assets | |||||||||
| Cash at bank and | in hand | 441,272 | 363,344 | ||||||
| 441,272 | 363,344 | ||||||||
| Creditors: amounts | falling due | within | one | ||||||
| year | 14 | (11,898) | (12,396) | ||||||
| Net current assets | 429,374 | 350,948 | |||||||
| Total assets less | current liabilities | 7,644,500 | 7,260,762 | ||||||
| Total net assets | 7,644,500 | 7,260,762 | |||||||
| Charity funds | |||||||||
| Endowment funds |
15 | 7,230,507 | 6,935,402 | ||||||
| Unrestricted funds |
15 | 413,893 | 325,360 | ||||||
| Total funds | 7,644,500 | 7,260,762 | |||||||
| The financial |
statements | were | approved | and | authorised | for issue |
by | the | trustees on |
| and signed on their behalf | by: |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2022 | |||
| E | F | E | |||
| Rental | income | 2,908 | 2,908 | 2,938 | |
| Income | from listed investments | 160,113 | 160,113 | 153,262 | |
| Income | from unlisted | investments | 120,000 | ||
| Interest | income | 3,876 | 3,676 | ||
| 166,697 | 166,697 | 276,200 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| E | E | E | |
| Property expenses | 1,102 | 1,102 | |
| Bank charges | 44 | ||
| Brokers fee | 9,341 | 9,341 | |
| 1,146 | 9,341 | 10,487 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2022 | |
| 8 | F | |
| Property expenses | 1,932 | 1,932 |
| Bank charges | 28 | 28 |
| Brokers fee | 9,763 | 9,763 |
| Other expenses | 10,000 | 10,000 |
| 21,723 | 21,723 |
| Grant | |||||
|---|---|---|---|---|---|
| funding of | Support | Total | |||
| activities | costs | funds | |||
| 2023 | 2023 | 2023 | |||
| 8 | E | ||||
| Grant | funding | ofactivities | 113,276 | 14,507 | 127,783 |
| Grants | Support | Total | |||
| payable | costs | funds | |||
| 2022 | 2022 | 2022 | |||
| Grant | funding | ofactivities | 167,737 | 12,940 | 180,677 |
| Total | Total | |||
|---|---|---|---|---|
| Activities | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| 6 | E | |||
| Legal and professional | fees | 2,673 | 2,673 | 3,441 |
| Accountancy fees | 11,720 | 11,720 | 8,317 | |
| Other services | 114 | 114 | 1,182 | |
| 14,507 | 14,507 | 12,940 |
| 2023 2022 |
||
|---|---|---|
| Albury Old Saxon Church Albury Sports Club Alnwick District Foodbank Alnwick Playhouse Atlantic Salmon Trust Battlefields Trust Bay Food Bank British Red Cross Brownlee family donation Campbell Rowntree Chatton Village Hall Trust Chameleon Buddies Country Food Trust Curfew Action Daft as a Brush Cancer Care Dementia Matters Duchess High School Trust Friend ofthe Hurtwood Game and Wildlife Conservation Trust Great North AirAmbulance Service Groundwork North East Hepple Village Hall Hindmarsh Hall Hope Estates Hospice Care North Northumberland Hounslow Community Foodbox John The Baptist Alnmouth Longhoughton Parish Hall MACPI Meadowell Connected NDAS NE Youth Ltd Newcastle Food Bank Northumberland Log Bank Northumberland Community Bank Northumberland National Park Mountain Northumberland Scouts Pathways 4All Ltd Red Squirrel Survival Trust Scottish Land and Estates Scottish Conservatives Smart Rivers Hub Support Solidarity Farm CIC StMichael's Church The County Trust The Hextol Foundation The Scottish Moorland Group cfo Scottish Tyne Rivers Trust |
Rescue Land &Estates |
2,833 10,000 1,500 1,000 2,798 1,000 7,266 1,500 5,000 7,000 1,000 1,000 1,000 2,628 1,500 1,000 1,500 3,000 5,100 1,500 1,065 1313 2,500 2,000 7,168 2,500 5,000 2,000 5,000 10,000 ~1DO 5,000 5,000 10,000 10,000 1,000 5,000 4,000 5,000 2,500 1,500 4,500 5,000 8,000 25,000 5,000 5,965 2,200 1,807 7,500 30,000 1,544 2,500 3,600 ~2DO ~871~116 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Brought forward from previous | page | SS,ST1 | 153,616 | ||
| Upper Coquetdale | Community | Transport | 4,831 | ||
| York University Donations less than |
61,000paid to46 (2022:44) charitable | institutions | ~11 276 3,000 ~L4H |
167737 ~321 |
| Auditors' remuneration |
||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| F | ||||
| Fees payable to the chadity's | auditor for the audit ofthe charity's | annual | ||
| accounts | 8,000 | 5,500 |
| Investments | |||
|---|---|---|---|
| Listed | in joint | ||
| investments | ventures | Total | |
| E | E | E | |
| Cost or valuation | |||
| At 1 April 2022 | 4,028,291 | 2,776,523 | 6,804,814 |
| Revaluations | (250,529) | 555,841 | 305,312 |
| At 31 March 2023 | 3,777,762 | 3,332,384 | 7,110,126 |
| Net-book value | |||
| At 31 March 2023 | 3,777,782 | 3,332,364 | 7,110,126 |
| At 31 March 2022 | 4,028,291 | 2,776,523 | 6,804,814 |
| Freehold | |
|---|---|
| investment | |
| property | |
| E | |
| Valuation | |
| At 1 April 2022 | 105,000 |
| At 31 March 2023 | 105,000 |
| 2023 | 2022 | ||
|---|---|---|---|
| E | F | ||
| Trade creditors | 2,406 | 3,129 | |
| Other creditors | 672 | 3,767 | |
| Accruals and deferred | income | 8,820 | 5,500 |
| 11,898 | 12,396 |
| Statement | offunds - curr | ent year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | Gains/ | 31Isarch | ||||
| April 2022 | Income | Expenditure | (Losses) | 2023 | ||
| r. | E | 6 | E | E | ||
| Unrestricted | funds | |||||
| General | 325,360 | 216,697 | (128,164) | 413,893 | ||
| Endowment | funds | |||||
| Expendable | fund | 6,935,402 | (10,106) | 305,311 | 7,230,607 | |
| Total offunds | 7,260,762 | 216,697 | (138,270) | 305,311 | 7,644,500 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31 March | ||||
| 1 April 2021 | Income | Expenditure | in/out | (Losses) | 2022 | ||
| F | F | E | |||||
| Unrestricted | |||||||
| funds | |||||||
| General | 30,560 | 276,200 | (202,400) | 221,000 | 325,360 | ||
| Endowment | |||||||
| funds | |||||||
| Expendable | fund | 6,703,684 | (221,000) | 452,718 | 6,935,402 | ||
| Total offunds | 6,734,244 | 276,200 | (202,400) | 452,718 | 7,260,762 |
| Analysis | of net assets between funds - cur | rent year | ||
|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||
| funds | funds | funds | ||
| 2023 | 2023 | 2023 | ||
| 6 | ||||
| Fixed asset investments | 7,110,126 | 7,110,126 | ||
| Investment | property | 105,000 | 105,000 | |
| Current assets | 425,791 | 15,481 | 441,272 | |
| Creditors due within one year | (11,898) | (11,89S) | ||
| Total | 413,893 | 7,230,607 | 7,644,500 |
| Unrestricted | Endowment | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| 6 | ||||
| Fixed asset investments | 6,804,814 | 6,804,814 | ||
| Investment | property | 105,000 | 105,000 | |
| Current assets | 337,756 | 25,588 | 363,344 | |
| Creditors due within one year | (12,396) | (12,396) | ||
| Total | 325,360 | 6,935,402 | 7,260,762 |