SIR ROBERT SPEED CHARITABLE TRUST
TRUSTEE'S REPORT AND INDEPENDENTLY EXAMINED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2022
CHARITY COMMISSION FOR ENGLAND AND WALES NUMBER 281440
SIR ROBERT SPEED CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2022 CONTENTS OF TRUST ACCOUNTS
| Page | |
|---|---|
| Trustee's Annual Report | 1-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Schedules of Investments | 8-10 |
| Notes to the Accounts | 11-12 |
SIR ROBERT SPEED CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2022 TRUSTEE'S ANNUAL REPORT
Reference and administration Information
Charity name:
Sir Robert Speed Charitable Trust
Charity registration number:
Charity Commission for England and Wales 281440
Trustee and Administrator:
Apex Corporate Trustees (UK) Limited 6th Floor, 125 London Wall London EC2Y 5AS
Chairman to the Council:
T M Powell 34 Gorst Road London SW11 6JE
Investment Manager:
Canaccord Genuity 9th Floor 88 Wood Street London, EC2V 7QR
Bankers:
Lloyds Bank Plc PO Box 72 Bailey Drive Gillingham Business Park Kent, ME8 0LS
Page 1
SIR ROBERT SPEED CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2022 TRUSTEE'S ANNUAL REPORT (CONTINUED)
The Trustee presents its report and financial statements for the year ended 30 June 2022.
Structure governance, objectives and management
Sir Robert Speed Charitable Trust was set up by deed dated 15 September 1980 by Sir Robert Speed CB QC.
The Trust up to November 2020 was divided into two parts, the first being the Original Fund which is held by the Trustee, upon trust to apply the same (at the direction of the Council) either as capital or income for the purpose of providing recreational facilities for the physical education and development of persons who are from time to time Resident Junior Members of the Universities of Oxford and Cambridge. No part of the whole of the Trust fund need be retained or shall be treated as a permanent endowment, so that the whole of the Trust fund, whether capital or income, may at the discretion of the Council, be expended on the objects of the Trust.
The second part is the Ladies Fund which was set up following receipt in February 2007 of a personal gift from Mr David Gilchrist of 50,000 shares in Kiln Group Plc. This fund and the income therefrom are kept separate from the other charity investments, so that the income can be used to assist with the running and coaching costs for the Oxford and Cambridge University Ladies Golf Clubs. During the year £3,500 (2021: Nil) was paid out to the Ladies Golf Clubs from the Ladies Fund.
In November 2020, The Council decided to set up a new Fund " Divots/Stymies Fund " to help second team golf at the Universities. Money paid into the Fund can only be distributed to those teams. During the year £2,000 (2021:Nil) was paid out to the Divots and Stymies from the Divots/Stymies Fund.
Risk Management
The Trustee have considered the major risks to which the Trust is exposed and have reviewed those risks and established systems and procedures to manage those risks. The Trustee considers the variability of investment returns on the expendable endowment to constitute the Charity's main risk. The Trustee and Council have contracted the services of Canaccord Genuity, the investment manager, to provide services and advice on investments. The Trustee and Council consider that the investment advice received from Canaccord Genuity will help grow the resources available for generating income and capital growth so as to achieve the Charity's objectives. The variability of the donations is also a risk and the Council monitor all donations.
Page 2
SIR ROBERT SPEED CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2022 TRUSTEE'S ANNUAL REPORT (CONTINUED)
Investments
In accordance with the provisions of the Trust Deed, the control and management of the Trust's funds is vested in the Council, who, in consultation with the Trust's Investment Manager, decide the investment policies to be followed. The Trust's investment policy was changed in the previous accounting year. The Trust now invests in a maximum of 8 collective funds/investment trusts and no one fund should ordinarily exceed 30% of the overall value of the investment portfolio. Separate investment reports are made by the Investment Manager direct to the Council and accordingly no further comment is appropriate in this report, with the exception of comparing the value of the Funds with the values as at 30 June 2021.
The investments held as at 30 June 2022 had a value of £600,610. Adding to this figure the cash in hand and debtors and deducting the creditors gives a total net value for the fund of £675,084 which compares with a value at 30 June 2021 of £910,281. This represents a decrease in value of £235,197 or 26%, which has arisen as a result of the fall in markets. The Council has reviewed the performance of the investments since year end and has concluded that the mid to long term investment strategy adopted is appropriate for the Trust.
Financial Review
| 2022 | 2021 | |||
|---|---|---|---|---|
| Donations subject to Gift Aid | £ | 39,351 |
£ | 60,900 |
| Other Donations | £ | 14,754 |
£ | 60,787 |
During the period 33 (2021: 42) new Gift Aid forms were received totaling £8,422, (2021: £4,040) including one off payments.
£58,805 (2021: £21,718) of the Trust income was distributed to the Oxford and Cambridge University Golf Clubs to cover expenses incurred during the year and a contribution to the golf coaching costs of Resident Junior Members.
Reserves Policy
The appropriate level of financial reserves is considered each year by the Council. Reserves comprise unrestricted general and endowment funds, and restricted general and endowment funds which are only available for the Universities’ Ladies teams and the Universities’ second teams. Whilst the Trust Deeds state that no part of the Trust property shall be treated as a permanent endowment so that the whole of the Trust fund, whether capital or income, may be expended on the objects of the Trust, the Council adopts a long-term plan in generating sufficient funds to support future generations of University golfers. The Council wishes to generate sufficient endowment funds (defined as significant one-off donations intended by the donor for permanent investment and not current spend) to support the Charity's objectives.
Page 3
SIR ROBERT SPEED CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2022 TRUSTEE'S ANNUAL REPORT (CONTINUED)
Reserves Policy (continued)
The Council expects the Trust to hold, under normal circumstances, not more than £50,000 of unrestricted general funds at year end, to allow for significant fluctuations in income and expenditure and the potential need for a major grant to one or other University for a one-off purpose. At the year end, unrestricted general funds were £37,961.
Taxation
A provision for income tax recoverable has been made as shown. A claim for refund of this tax in respect of Gift Aid will be submitted in due course.
Generally
The Trustee has power to charge fees under the terms of the Trust deed in accordance with its published fee scale. The fee charged is shown on page 12.
Apex Corporate Trustees (UK) Limited
Authorised Signatory
Date 202319 April
Page 4
Independent examiner’s report to the trustees of the Sir Robert Speed Charitable Trust
I report to the charity trustees on my examination of the accounts of the Sir Robert Speed Charitable Trust for the year ended 30 June 2022 which are set out on pages 1 to 12.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or;
-
the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Name: Alexander Gems
Relevant professional qualification or body: ICAEW Chartered Accountant
Address: Flat 5 Denmark House, 6 Denmark Avenue, Wimbledon, SW19 4HF Date: 18 April 2023
Page 5
SIR ROBERT SPEED CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| Income Donations from individuals Investments Total Income Expenditure Charitable activities OUGC basic grant OUGC Divots CUGC basic grant CUGC Stymies Coaching costs (Men) OULGC basic grant CULGC basic grant Coaching costs (Ladies) Putter subsidies Total expenditure on charitable activities Investment management fees Administration Total Expenditure Net (expenditure)/income for the year Net (losses)/gains on investments Net movement in funds Fund balances at 30 June 2021 Fund balances at 30 June 2022 |
Notes General Endowment £ 6 41,299.50 11,551.62 7,989.77 - 49,289.27 11,551.62 13,750.00 - 3,000.00 - 13,750.00 - 3,000.00 - 2 12,485.28 - 2,000.00 - 2,000.00 - 2 1,470.00 - 1,850.00 - 53,305.28 - - 5,468.59 5 7,476.00 - 60,781.28 5,468.59 (11,492.01) 6,083.03 - (187,457.00) (11,492.01) (181,373.97) 49,453.26 675,535.63 4 37,961.25 £ 494,161.66 £ 2022 Unrestricted Original Fund |
General Endowment £ 1,281.25 - 1,138.52 - 2,419.77 - - - - - - - - - - - 1,750.00 - 1,750.00 - - - - - 3,500.00 - - 867.14 924.00 - 4,424.00 867.14 (2,004.23) (867.14) - (27,299.00) (2,004.23) (28,166.14) 10,388.51 97,977.18 8,384.28 £ 69,811.04 £ 2022 Restricted Ladies Fund |
General Endowment £ 2,958.75 6,855.00 732.20 - 3,690.95 6,855.00 - - 1,000.00 - - - 1,000.00 - - - - - - - - - - - 2,000.00 - - 550.42 - - 2,000.00 550.42 1,690.95 6,304.58 - (20,156.61) 1,690.95 (13,852.03) 2,006.20 74,920.18 3,697.15 £ 61,068.15 £ 2022 Restricted Divots/Stymies Fund |
2022 Total £ 63,946.12 9,860.49 73,806.61 13,750.00 4,000.00 13,750.00 4,000.00 12,485.28 3,750.00 3,750.00 1,470.00 1,850.00 58,805.28 6,886.15 8,400.00 74,091.43 (284.82) (234,912.61) (235,197.43) 910,280.96 675,083.53 £ |
2021 Total £ 132,580.09 17,208.02 |
|---|---|---|---|---|---|
| 6 2 2 5 4 |
|||||
| 149,788.11 | |||||
| 8,625.00 - 7,125.00 - 5,188.10 - - 780.00 - |
|||||
| 21,718.10 5,902.16 8,400.00 |
|||||
| 36,020.26 | |||||
| 113,767.85 106,492.02 |
|||||
| 220,259.87 690,021.09 |
|||||
| 910,280.96 £ |
Page 6
SIR ROBERT SPEED CHARITABLE TRUST BALANCE SHEET AS AT 30 JUNE 2022
| FIXED ASSETS Quoted Investments - See Schedules CURRENT ASSETS Income Tax recoverable Gift Aid Bank Current Account Broker Account TOTAL CURRENT ASSETS CURRENT LIABILITIES Creditors - Trustee Fees - CULGC coaching fee - OULGC coaching fee - OUGC Basic Grant - HMRC overpaid Gift Aid TOTAL CURRENT LIABILITIES NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS |
Notes | General Endowment £ - 479,205.00 - 479,205.00 8,607.54 - 36,929.71 11,366.71 - 3,589.95 45,537.25 14,956.66 (7,476.00) - - - - - - - (100.00) - (7,576.00) - 37,961.25 14,956.66 37,961.25 £ 494,161.66 £ 37,961.25 £ 494,161.66 £ 2022 Unrestricted Original Fund |
General Endowment £ - 70,067.00 - 70,067.00 292.50 - 9,015.78 (173.04) - (82.92) 9,308.28 (255.96) (924.00) - - - - - - - - - (924.00) - 8,384.28 (255.96) 8,384.28 £ 69,811.04 £ 8,384.28 £ 69,811.04 £ 2022 Restricted Ladies Fund |
General Endowment £ - 70,067.00 - 70,067.00 292.50 - 9,015.78 (173.04) - (82.92) 9,308.28 (255.96) (924.00) - - - - - - - - - (924.00) - 8,384.28 (255.96) 8,384.28 £ 69,811.04 £ 8,384.28 £ 69,811.04 £ 2022 Restricted Ladies Fund |
General Endowment £ - 70,067.00 - 70,067.00 292.50 - 9,015.78 (173.04) - (82.92) 9,308.28 (255.96) (924.00) - - - - - - - - - (924.00) - 8,384.28 (255.96) 8,384.28 £ 69,811.04 £ 8,384.28 £ 69,811.04 £ 2022 Restricted Ladies Fund |
General Endowment £ - 51,338.00 - 51,338.00 852.75 3,775.00 2,844.40 5,548.80 - 406.35 3,697.15 9,730.15 - - - - - - - - - - - - 3,697.15 9,730.15 3,697.15 £ 61,068.15 £ 3,697.15 £ 61,068.15 £ 2022 Restricted Divots/Stymies Fund |
2022 Total £ 600,610.00 600,610.00 13,527.79 65,532.36 3,913.38 82,973.53 (8,400.00) - - - (100.00) (8,500.00) 74,473.53 675,083.53 £ 675,083.53 £ |
2021 Total £ 815,868.00 |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 4 |
||||||||||||
| 70,067.00 - (173.04) (82.92) |
815,868.00 16,076.25 88,327.57 6,914.14 |
|||||||||||
| (255.96) | 111,317.96 | |||||||||||
| - - - - - |
(8,400.00) (330.00) (300.00) (7,875.00) - |
|||||||||||
| - | (16,905.00) | |||||||||||
| (255.96) | 94,412.96 | |||||||||||
| 69,811.04 £ |
910,280.96 £ |
|||||||||||
| 69,811.04 £ |
910,280.96 £ |
Page 7
SIR ROBERT SPEED CHARITABLE SETTLEMENT Schedule of investments and transactions
Year ended 30th June 2022
| SIR ROBERT SPEED CHARITABLE SETTLEMENT Schedule of investments and transactions Year ended 30th June 2022 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Holding | Market Value | Additions | Disposals | Profit | Holding | Book Value | Market Value | Net Income | |||
| 01/07/2021 | 01/07/2021 | Quantity | Cost | Quantity Proceeds | (Loss) | 30/06/2022 | 30/06/2022 | 30/06/2022 | |||
| £ | £ | £ | £ | £ | £ | £ | |||||
| Original Fund: | |||||||||||
| BlackRock Throgmorton Trust PLC | |||||||||||
| Ordinary 5p Shares | 7,490 | 69,283.00 |
- | - |
- | - | - | 7,490 | 65,538.50 | 40,821.00 | 786.45 |
| CVC Credit Partners European Opportunities Ltd ord | |||||||||||
| Interest - accumulation unit | 240.00 | ||||||||||
| Cost write up - acc unit | - | - |
- | 240.00 |
- | - | - | - | - | - | |
| Cost write down - investment sold on 19/4/2021 | (240.00) | ||||||||||
| Edinburgh Worldwide Investment Trust | |||||||||||
| Shs Gbp | 18,170 | 64,958.00 |
- | - |
- | - | - | 18,170 | 65,049.60 | 31,543.00 | - |
| Impax Environmental Markets Plc | |||||||||||
| Ordinary GBP0.1 | 13,700 | 65,075.00 |
- | - |
- | - | - | 13,700 | 65,797.63 | 54,732.00 | 383.60 |
| JPMorgan Global Growth & Income PLC | |||||||||||
| Shs Gbp | 30,900 | 133,179.00 |
- | - |
- | - | - | 30,900 | 132,623.80 | 122,210.00 | 4,947.09 |
| Martin Currie Global Portfolio Trust | |||||||||||
| Ordinary 5p Shares | 34,275 | 139,842.00 |
- | - |
- | - | - | 34,275 | 132,379.76 | 99,055.00 | 1,439.57 |
| Monks Investment Trust | |||||||||||
| Ordinary 5p shares | 9,300 | 127,410.00 |
- | - |
- | - | - | 9,300 | 131,098.34 | 86,444.00 | 186.00 |
| Smithson Investment Trust Plc | |||||||||||
| Accum Ordinary Shs Gbp | 3,750 | 66,675.00 |
- | - |
- | - | - | 3,750 | 65,566.00 | 44,400.00 | - |
| TOTAL: Original Fund | 666,422.00 | 240.00 | - | (240.00) | 658,053.63 | 479,205.00 | 7,982.71 | ||||
| Ladies Fund: | |||||||||||
| BlackRock Throgmorton Trust PLC | |||||||||||
| Ordinary 5p Shares | 1,095 | 10,129.00 |
- | - |
- | - | - | 1,095 | 9,581.25 | 5,968.00 | 114.98 |
| Edinburgh Worldwide Investment Trust | |||||||||||
| Shs Gbp | 2,655 | 9,492.00 |
- | - |
- | - | - | 2,655 | 9,504.90 | 4,609.00 | - |
| Balances Carried Forward | 19,621.00 | - | - | - | 19,086.15 | 10,577.00 | 114.98 | ||||
| Page 8 |
SIR ROBERT SPEED CHARITABLE SETTLEMENT Schedule of investments and transactions
Year ended 30th June 2022
| Schedule of investments and transactions Year ended 30th June 2022 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Holding | Market Value | Additions | Disposals | Profit | Holding | Book Value | Market Value | Net Income | |||
| 01/07/2021 | 01/07/2021 | Quantity | Cost | Quantity Proceeds | (Loss) | 30/06/2022 | 30/06/2022 | 30/06/2022 | |||
| £ | £ | £ | £ | £ | £ | £ | |||||
| Balances Brought Forward | 19,621.00 | - | - | - | 19,086.15 | 10,577.00 | 114.98 | ||||
| Impax Environmental Markets Plc | |||||||||||
| Ordinary GBP0.1 | 2,000 | 9,500.00 |
- | - |
- | - | - | 2,000 | 5,215.15 | 7,990.00 | 56.00 |
| JPMorgan Global Growth & Income PLC | |||||||||||
| Shs Gbp | 4,580 | 19,740.00 |
- | - |
- | - | - | 4,580 | 16,029.76 | 18,114.00 | 733.25 |
| Martin Currie Global Portfolio Trust | |||||||||||
| Ordinary 5p Shares | 4,925 | 20,094.00 |
- | - |
- | - | - | 4,925 | 19,029.12 | 14,233.00 | 206.87 |
| Monks Investment Trust | |||||||||||
| Ordinary 5p shares | 1,360 | 18,632.00 |
- | - |
- | - | - | 1,360 | 19,172.22 | 12,641.00 | 27.20 |
| Smithson Investment Trust Plc | |||||||||||
| Accum Ordinary Shs Gbp | 550 | 9,779.00 |
- | - |
- | - | - | 550 | 9,616.20 | 6,512.00 | - |
| TOTAL: Ladies Fund | 97,366.00 | - | - | - | 88,148.60 | 70,067.00 | 1,138.30 | ||||
| Divots/Stymies Fund: | |||||||||||
| BlackRock Throgmorton Trust PLC | |||||||||||
| Ordinary 5p Shares | 585 | 5,411.00 |
215 | 2,040.31 |
- | - | - | 800 | 7,159.06 | 4,360.00 | 78.63 |
| Edinburgh Worldwide Investment Trust | |||||||||||
| Shs Gbp | 1,425 | 5,094.00 |
520 | 1,586.00 |
- | - | - | 1,945 | 6,687.50 | 3,377.00 | - |
| Impax Environmental Markets Plc | |||||||||||
| Ordinary GBP0.1 | 1,075 | 5,106.00 |
395 | 2,042.15 |
- | - | - | 1,470 | 7,205.02 | 5,873.00 | 36.03 |
| JPMorgan Global Growth & Income PLC | |||||||||||
| Shs Gbp | 2,425 | 10,452.00 |
885 | 3,933.83 |
- | - | - | 3,310 | 14,342.93 | 13,091.00 | 463.28 |
| Martin Currie Global Portfolio Trust | |||||||||||
| Ordinary 5p Shares | 2,640 | 10,771.00 |
1,030 | 4,123.42 |
- | - | - | 3,670 | 14,324.26 | 10,606.00 | 135.60 |
| Balances Carried Forward | 36,834.00 | 13,725.71 | - | - | 49,718.77 | 37,307.00 | 713.54 | ||||
| Page 9 |
SIR ROBERT SPEED CHARITABLE SETTLEMENT Schedule of investments and transactions
Year ended 30th June 2022
| Schedule of investments and transactions Year ended 30th June 2022 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Holding | Market Value | Additions | Disposals | Profit | Holding | Book Value | Market Value | Net Income | |||
| 01/07/2021 | 01/07/2021 | Quantity | Cost | Quantity Proceeds | (Loss) | 30/06/2022 | 30/06/2022 | 30/06/2022 | |||
| £ | £ | £ | £ | £ | £ | £ | |||||
| Balances Brought Forward | 36,834.00 | 13,725.71 | - | - | 49,718.77 | 37,307.00 | 713.54 | ||||
| Monks Investment Trust | |||||||||||
| Ordinary 5p shares | 730 | 10,001.00 |
270 | 3,704.40 |
- | - | - | 1,000 | 13,995.84 | 9,295.00 | 14.60 |
| Smithson Investment Trust Plc | |||||||||||
| Accum Ordinary Shs Gbp | 295 | 5,245.00 |
105 | 1,984.50 |
- | - | - | 400 | 7,142.28 | 4,736.00 | - |
| TOTAL: Divots/Stymies Fund | 52,080.00 | 19,414.61 | - | - | 70,856.89 | 51,338.00 | 728.14 | ||||
| TOTAL: | 815,868.00 | 19,654.61 | - | (240.00) | 817,059.12 | 600,610.00 | 9,849.15 |
Page 10
SIR ROBERT SPEED CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2022 NOTES TO THE ACCOUNTS
1. Accounting policies
1.1 Basis of accounting
The accounts have been prepared on the historical cost basis as modified by the revaluation of investments.
1.2 Nature and purpose of funds
Endowment funds are unrestricted and restricted funds that are held for the benefit of the charity as capital funds. Unrestricted funds are available for use at the discretion of the Trustee in furtherance of the objectives of the Charity and which have not been designated for other purposes. Unrestricted funds comprise general funds and endowment funds. Restricted funds are those which are to be used in accordance with the specific restrictions of the donors and comprise the Ladies Fund and the Divots/Stymies Fund. Restricted funds comprise general and endowment funds.
1.3 Investments
Investments are stated at fair market value with gains and losses being recognised within Net income/expenditure.
| 2. Golf Coaching Costs Oxford University Golf Club (OUGC) Cambridge University Golf Club (CUGC) Oxford University Ladies Golf Club (OULGC) Cambridge University Ladies Golf Club (CULGC) Of the amount paid to CUGC £3,485.28 relates to the 2020/21 season 3. Fixed asset Investments Quoted Investments Market Value at 1 July 2021 Additions at cost Disposals at carrying value Net Investment (Losses) Market Value at 30 June 2022 Historical Cost as at 30 June 2022 |
£ 4,500.00 7,985.28 750.00 720.00 |
£ 12,485.28 1,470.00 |
|---|---|---|
| 13,955.28 £ |
||
| £ 815,868.00 19,654.61 - (234,912.61) |
||
| 600,610.00 £ |
||
| 817,059.12 £ |
New funds transferred to Canaccord for investing during the year £23,300 (Main Fund £3,500 and Divots/Stymies £19,800)
Page 11
SIR ROBERT SPEED CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2022 NOTES TO THE ACCOUNTS (continued)
4. Movement in funds
| Unrestricted funds Endowment funds General funds Restricted Ladies funds Endowment funds General funds Restricted Divots/Stymies funds Endowment funds General funds Total funds |
Opening Balance 1 July 2021 £ 675,535.63 49,453.26 724,988.89 97,977.18 10,388.51 108,365.69 74,920.18 2,006.20 76,926.38 910,280.96 |
Income £ 11,551.62 49,289.27 60,840.89 - 2,419.77 2,419.77 6,855.00 3,690.95 10,545.95 73,806.61 |
Expenditure £ (5,468.59) (60,781.28) (66,249.87) (867.14) (4,424.00) (5,291.14) (550.42) (2,000.00) (2,550.42) (74,091.43) |
Investment Gains/(losses) £ (187,457.00) - (187,457.00) (27,299.00) - (27,299.00) (20,156.61) - (20,156.61) (234,912.61) |
Transfers £ - - - - - - - - - - |
Closing Balance 30 June 2022 £ 494,161.66 37,961.25 |
|---|---|---|---|---|---|---|
| 532,122.91 | ||||||
| 69,811.04 8,384.28 |
||||||
| 78,195.32 | ||||||
| 61,068.15 3,697.15 |
||||||
| 64,765.30 | ||||||
| 675,083.53 |
5. Trustee remuneration and related party transactions
£8,400 (2021: £8,400) was charged by Apex Corporate Trustees (UK) Limited for their services for the year ended 30 June 2022.
6. Donations
| Donations subject to Gift Aid HMRC Income Tax recoverable on Gift Aid Other donations |
General Endowment £ £ 28,484.50 2,950.00 7,862.54 - 4,952.46 8,601.62 41,299.50 11,551.62 Unrestricted Original Fund |
General Endowment £ £ 965.00 - 241.25 - 75.00 - 1,281.25 - Restricted Ladies Fund |
General Endowment £ £ 2,221.00 4,730.00 612.75 1,125.00 125.00 1,000.00 2,958.75 6,855.00 Restricted Divots/Stymies Fund |
General Endowment £ £ 2,221.00 4,730.00 612.75 1,125.00 125.00 1,000.00 2,958.75 6,855.00 Restricted Divots/Stymies Fund |
Total £ 39,350.50 9,841.54 14,754.08 63,946.12 |
|---|---|---|---|---|---|
| 6,855.00 |
Page 12