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||||Page|
|---|---|---|---|
|Trustee's|annual
report|||
|Independent
auditor's||report to the member||
|Statement|of financial|activities||
|Statement|of financial|position|10|
|Notes to the financial||statements||
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|Reference|and adm|inistrative|details||||
|---|---|---|---|---|---|---|
|Registered|charity|name|Bestobell-Meggitt||Welfare|Trust|
|Charity registration||number|284376||||
|Principal office|||The 4814Trust/|BMWT|||
||||PO Box96||||
||||Somerton||||
||||TA11 9BS||||
|The trustee|||||||
||||Bestobell Founders||Welfare Trust||
||||Limited||||
|Auditor|||Stuart Carrington|FCA|||
||||Westcotts (SW)|LLP|||
||||Timberly||||
||||South Street||||
||||Axminster||||
||||Devon||||
||||EX135AD||||
|Bankers|||||||
||||CAF Bank||||
||||25 Kings
Hill Avenue||||
||||Kings
Hill||||
||||West Mailing||||
||||ME194TA||||
|Solicitors|||Bates, Wells 8Braithwaite|||London LLP|
||||10Queen Street|Place|||
||||London||||
||||EC4R 1BE||||
||||Gregg Latchams|Ltd|||
||||7Queen Street||||
||||Bristol||||
||||BS14JE||||
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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestdicted|Endowment|||
||||||funds|funds|Total funds|Total funds|
|Income and endowments||||Note|2|2|2|2|
|Investment
income||||4|75,537||75,537|123,643|
|Total Income|||||75,537||75,537|123,643|
|Expenditure|||||||||
|Expenditure
on raising funds:|||||||||
|Investment
management
costs
Expenditure
on charitable
acthiltles
Other expenditure||||5
6,7
10|26,813
11,398
123,643||26,813
11,398
123,643|51,551
4,741
2,868,848|
|Total expenditure|||||161,854||161,854|2,925,140|
|Net(losses)/gainsoninvestments||||11|(413,019)||(413,019)|415,199|
|Net expenditure
and net movement|||In||||||
|funds|||||(499,336)||(499,336)|(2,386,298)|
|Reconciliation offunds|||||||||
|Total funds brought forward|||||3.372,104|43,837|3,415,941|5,802,239|
|Total funds carried forward|||||2,872,768|43,837|2,916,605|3,415,941|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Note|2||
|Fixed assels||||||
|Investments|||15|2,897,931|3,260,798|
|Current assets||||||
|Debtors|||16|1,138|1,813|
|Cash at bank and in||hand||42,744|167,235|
|||||43,882|169,048|
|Creditors:|amounts|falling due within one year|17|25,108|13,805|
|Net current|assets|||18,774|155,243|
|Total assets less current liabilities||||2,916,705|3,416,041|
|Creditors:|amounts|falling due after more than one year|18|100|100|
|Net assets||||2,916,605|3,415.941|
|Funds ofthe charity||||||
|Endowment|funds|||43,837|43,837|
|Unrestricted|funds|||2,872,768|3,372,104|
|Total charity funds|||19|2,916,605|3,415,941|
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|Ye|ar ended|ar ended|31|December|2022|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|4.|Investment|||income||||||||
|||||||Unrestricted||Total Funds|Unrestricted||Total Funds|
||||||||Funds|2022||Funds|2021|
||Income from|||investments|||75,468|75,468|1|23,641|123,641|
||Bank interest|||receivable|||69|69||2|2|
||||||||75,537|75,537|123,643||123,643|
|5.|Investment||management||costs|||||||
|||||||Unrestricted||Total Funds|Unrestricted||Total Funds|
||||||||Funds|2022||Funds|2021|
||||||||9|||2||
||Portfolio management||||||26,813|26,813|51,551||51,551|
|6.|Expenditure|||on charitable|activities|by fund type||||||
|||||||Unrestricted||Total Funds|Unrestricted||Total Funds|
||||||||Funds|2022||Funds|2021|
||Charitable||activity||||6,000|6,000||||
||Support costs||||||5,398|5,398||4,741|4,741|
||||||||11,398|11,398||4,741|4,741|
|7.|Expenditure|||on charitable|activities|by activity type||||||
|||||||Grant funding|||Total|funds|Total fund|
|||||||of|activities|Support costs||2022|2021|
|||||||||||2|2|
||Charitable|activity|||||6,000|82||6,082|96|
||Governance||costs|||||5,316||5,316|4,645|
||||||||6,000|5,398|11,398||4,741|
|8.|Analysis ofsupport costs|||||||||||
|||||||||Analysis
of||||
|||||||||support costs|Total 2022||Total2021|
||Finance costs|||||||82||82|96|
||Governance||costs|||||5,316||5,316|4,645|
|||||||||5,398||5,398|4,741|
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|9.|Analysis ofgrants|Analysis ofgrants|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||2||
||Grants to individuals||||||||
||Grants to individuals||||||6,000||
||Total grants||||||6,000||
|10.|Other expenditure||||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2022|Funds|2021|
||Other exceptional|expenditure|||123,643|123,643|2,868,848|2,868,848|
|11.|Net (losses)/gains||on investments||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2022
f|Funds|2021|
||Gains/(losses)
on|listed investments|||(413,019)|(413,019)|415,199|415,199|
|12.|Auditors
remuneration||||||||
||||||||2022|2021|
||||||||2||
||Fees payable for the||audit of|the financial statements|||2,850|2,650|
||Fees payable to the||charity's|auditor and its associates||for other services:|||
||Other non-audit
services||||||1,032|960|
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||Listed|
|---|---|
||investments|
|Cost or valuation||
|At 1 January 2022|3,260,798|
|Additions|328,428|
|Disposals
Fair value movements|(278,276)
(413,019)|
|At 31 December 2022|2,897,931|
|Impairment||
|At 1 January 2022 and 31December 2022||
|Carrying
amount||
|At 31December 2022|2,897,931|
|At 31 December 2021|3,260,798|
|All investments
shown above are held at valuation.||
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|16.|Close Brothers Ass
Debtors|et|Management.||,|
|---|---|---|---|---|---|
|||||2022|2021|
||Other debtors|||1,138|1,813|
|17.|Creditors: amounts||falling due within one year|||
|||||2022|2021|
||Accruals and deferred
Expenses
paid by the||income
4814Trust|4,869
20,239|3,610
10,195|
|||||25,108|13,805|
|18.|Creditors: amounts||falling due after more than one year|||
|||||2022|2021|
|||||2||
||Bestobell Founders|Welfare Trust Limited||100|100|
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||||At|||||At|
|---|---|---|---|---|---|---|---|---|
||||1 January 20|||Gains and 31||December|
||||22|Income|Expenditure|losses||2022|
|General funds|||3,372,104|75,537|(161,854)|(413,019)||2,872,788|
||||At|||||At|
||||1 January 20|||Gains and 31||December|
||||21|Income|Expenditure|losses||2021|
|General funds|||5,758,402|123,643|(2,925,140)|415,199||3,372,104|
|Endowment||funds|||||||
||||At|||||At|
||||1 January 20|||Gains and 31||December|
||||22|Income|Expenditure|losses||2022|
|Permanent|Endowment||||||||
|Fund|||43,837|||||43,837|
||||At|||||At|
||||1 January 20|||Gains and 31||December|
||||21|Income|Expenditure|losses||2021|
|||||||2|||
|Permanent|Endowment||||||||
|Fund|||43,837|||||43,837|
|Analysis of net assets between funds|||||||||
||||||Unrestricted|Endowment|Total Funds||
||||||Funds|Funds||2022|
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|Investments|||||2,854,094|43,837||2,897,931|
|Current assets|||||43,882|||43,882|
|Creditors less||than|1 year||(25,208)|||(25,208)|
|Net assets|||||2,872,768|43,837||2,916,605|
||||||Unrestricted|Endowment|Total Funds||
||||||Funds|Funds||2021|
|||||||||2|
|Investments|||||3,216,961|43,837||3,260,798|
|Current assets|||||169,048|||169,048|
|Creditors less||than|1 year||(138,905)|||(138,905)|
|Net assets|||||3,247,104|43,837||3,290,941|
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