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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'
Report|||2-6|
|Independent
Auditors'|Report|on the Financial Statements|7-10|
|Statement ofFinancial|Activities|||
|Balance Sheet|||12|
|Statement ofCash Flows|||13|
|Notes to the Financial|Statements||14-25|
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|Trustees||Adam G D Doran||
|---|---|---|---|
|||Robert R Howell, Chairman||
|||Charles
M Bennett-Baggs||
|||Peter C Moulton||
|||William 0 Boyes||
|||Martin G Pyrke||
|Charity registered||||
|number||285974||
|Principal office||5 Pine Grove||
|||Brookmans
Park||
|||Haffield||
|||Hertfordshire||
|||AL9 7BP||
|Independent|auditors|Lubbock Fine LLP||
|||Chartered
Accountants|&Statutory Auditors|
|||Paternoster
House||
|||65St Paul's Churchyard||
|||London||
|||EC4M 8AB||
|Bankers||Barclays Bank||
|||Leicester||
|||LE872BB||
|Investment|Managers|City Asset Management||
|||7 Bishopsgate||
|||London||
|||EC2N 3AR||
|Solicitors||Howard
Kennedy||
|||No 1 London Bridge||
|||London||
|||SE1 9BG||
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||||||||Unaudited|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2023|2023|2022|
|||||Note|||E|
|Income from:||||||||
|Donations
and legacies||||2|8,316,342|8,316,342|62,640|
|Investments||||3|152,095|152,095|13,353|
|Interest receivable||||4|18,172|18,172||
|Total income|||||8,486,609|8,486,609|75,993|
|Expenditure
on:||||||||
|Charitable
activities||||5|356,080|356,080|72,151|
|Total expenditure|||||356,080|356,080|72,151|
|Net income before
investments||net (losses)/gains|on||8,130,529|8,130,529|3,842|
|Net (losses)/gains|on investments||||(67,422)|(67,422)|11,153|
|Net movement
in|funds||||8,063,107|8,063,107|14,995|
|Reconciliation
of|funds:|||||||
|Total funds brought||forward|||528,629|528,629|513,634|
|Net movement
in funds|||||8,063,107|8,063,107|14,995|
|Total funds carried||forward|||8,591,736|8,591,736|528,629|
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|||||||Unaudited|
|---|---|---|---|---|---|---|
|||Note||2023f||2022
6|
|Fixed assets|||||||
|Investments||9||7,923,834||454,552|
|Investment
property||10||384,500|||
|||||8,308,334||454,552|
|Current assets|||||||
|Debtors||11|68,654||||
|Cash held by City Asset Management|||178,376||42,951||
|Cash at bank|||79,669||33,570||
||||326,699||76,521||
|Creditors: amounts|falling due within one||||||
|year||12|(43,297)||(2,444)||
|Net current assets||||283,402||74,077|
|Total net assets||||8,591,736||528,629|
|Charity funds|||||||
|Restricted
funds||13|||||
|Unrestricted
funds||13||8,591,736||528,629|
|Total funds||||8,591,736||528,629|
##
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||||||Unaudited|
|---|---|---|---|---|---|
|||||2023|2022|
|||||6|6|
|Cash flows from operating|activities|||||
|Net cash provided
by/(used|in) operating|activities||338,338|(9,139)|
|Cash flows from investing|activities|||||
|Income from investments||||170,267|13,353|
|Purchase of investments||||(478,961)|(122,068)|
|Proceeds from sale of investments||||151,880|127,910|
|Net cash (used in)/provided|by investing||activities|(156,8'I4)|19,195|
|Change
in cash and cash|equivalents|in|the year|181,524|10,056|
|Cash and cash equivalents|at the beginning||ofthe year|76,521|66,465|
|Cash and cash equivalents|at the end|of|the year|258,045|76,521|
|The notes on pages 14to 25 form part ofthese financial statements||||||
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
||||6|6|
||Donations||60,260|60,260|
||Legacies||8,256,082|8,256,082|
||||8,316,342|8,316,342|
||||Unaudited|Unaudited|
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022|
||||8|8|
||Donations||62,640|62,640|
|3.|Investment|income|||
||||Unrestricted|Total|
||||funds|funds|
||||2023|2023|
||||6|6|
||Investment|income|152,095|152,095|
||||Unaudited|Unaudited|
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022|
||||8|8|
||Investment|income|13,353|13,353|
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|||||||Unaudited|
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2023f|2023f|2022f|
||Interest|receivable||18,172|18,172||
|5.|Analysis|ofexpenditure|by activities||||
|||||Grants|Support|Total|
|---|---|---|---|---|---|---|
|||||payable|costs|funds|
|||||2023f|2023f|2023f|
|Charitable||activity costs||296,851|59,229|356,080|
|||||Unaudited|Unaudited|Unaudited|
|||||Grants|Support|Total|
|||||payable|costs|funds|
|||||2022f|2022f|2022f|
|Charitable||activity costs||65,800|6,351|72,151|
|Analysis|ofsupport costs||||||
|||||||Total|
||||||Activities|funds|
||||||2023f|2023f|
|Trustee|insurance||||369|369|
|Independent||examiners|fees||(350)|(350)|
|Investment||Management|Fees||44,828|44,828|
|Auditors|remuneration
(governance)||||12,600|12,600|
|Legal fees|||||1,782|1,782|
||||||59,229|59,229|
##
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|Analysis
of|support co|sts (continued)|||
|---|---|---|---|---|
||||Unaudited|Total|
||||Activities|funds|
||||2022|2022|
||||E|K|
|Trustee Insurance|||258|258|
|Independent|examiners|fees|1,250|1,250|
|Investment|Management|Fees|4,843|4,843|
||||6,351|6,351|
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
||||6||
|Riding for the Disabled|||1,500|1,500|
|St Mary,|the Virgin Church|House Appeal|1,000|1,000|
|Barnet Elizabethans
Rugby Football Club|||286,351|286,351|
|Macmillan
Cancer Relief|||1,500|1,500|
|Maytree|Counselling
Care||500|500|
|Monken|Hadley Cricket Club||500|500|
|Hospice|ofSt Francis||500|500|
|Junction|Eight Athletic Track||500|500|
|Home Start, Barnet|||500|500|
|Cherry|Lodge Cancer Care||1,500|1,500|
|Isabel Hospice, Barnet|||1,000|1,000|
|Monken|Hadley Common|Trust|500|500|
|North London Hospice|||1,000|1,000|
||||296,851|296,851|
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|||Unaudited|Unaudited|
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2022
E|2022f|
|Riding for the Disabled||1,500|1,500|
|St Mary, the Virgin Church House Appeal||1,000|1,000|
|Barnet Elizabethans|Rugby Football Club|55,000|55,000|
|Macmillan
Cancer Relief||1,500|1,500|
|Maytree
Counselling|Care|500|500|
|Monken
Hadley Cricket Club||800|800|
|Hospice ofSt Francis||1,000|1,000|
|Junction
Eight Athletic Track||500|500|
|Home Start, Barnet||500|500|
|Nottingham
Hospital|trust|2,000|2,000|
|Cherry Lodge Cancer|Care|1,500|1,500|
|||65,800|65,800|
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|7.|Trustees'
remuneration|Trustees'
remuneration||||
|---|---|---|---|---|---|
||During the year, no Trustees||received any remuneration|or other benefits (2022 - ANIL).||
||During the year ended 5|April|2023, no Trustee expenses|have been incurred (2022 - ANIL).||
|8.|Net (Losses)/Gains
on|Investments||||
|||||2023|2022|
|||||F|F|
||Realised (losses)/gains|on investments||(11,922)|(2,534)|
||Unrealised
(losses)/gains|on|investments|(55,500)|13,687|
|||||(67,422)|11,153|
##
||Listed and|
|---|---|
||other|
||investments|
||E|
|Cost or valuation||
|At 6 April 2022|454,552|
|Additions|7,688,584|
|Disposals|(163,802)|
|Revaluations|(55,500)|
|At 5April 2023|7,923,834|
|Net book value||
|At 5April 2023|7,923,834|
|At 5April 2022|454,552|
##
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||Long term|
|---|---|
||leasehold|
||investment|
||propertyf|
|Valuation||
|Additions|384,500|
|At 5April 2023|384,500|
##
||||Unaudited|
|---|---|---|---|
|||2023|2022|
|||8|8|
|Due within one year||||
|Other debtors||40,500||
|Prepayments|and accrued income|24,244||
|Tax recoverable||3,910||
|||68,654||
##
||||||Unaudited|
|---|---|---|---|---|---|
|||||2023
f|2022
f|
|Accruals|and|deferred|income|43,297|2,444|
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|Stateme|nt of|funds - current ye|ar|||||
|---|---|---|---|---|---|---|---|
||||Balance at 6|||Gains/|Balance at 5|
||||April 2022|Income|Expenditure|(Losses)|April 2023|
||||E|8|8|E|E|
|Unrestricted||funds||||||
|General|Funds||528,629|8,486,609|(356,080)|(67,422)|8,591,736|
|Statement of||funds - prior year||||||
||||Unaudited||||Unaudited|
||||Balance at|Unaudited|Unaudited|Gains/|Balance at|
||||1 April 2021|Income|Expenditure
8|(Losses)
E|5April 2022
8|
|Unrestricted||funds||||||
|General|Funds||513,634|75,993|(72,151)|11,153|528,629|
|Analysis
of net assets between funds - current ye|ar||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2023|2023|
||E|8|
|Fixed asset investments|7,923,834|7,923,834|
|Current assets|711,199|711,199|
|Creditors due within one year|(43,297)|(43,297)|
|Total|8,591,736|8,591,736|
##
##
|Analysis|of net assets between
funds - prior year|||
|---|---|---|---|
|||Unaudited|Unaudited|
|||Unrestricted|Total|
|||funds|funds|
|||2022|2022|
|||6|6|
|Fixed asset investments||454,552|454,552|
|Current|assets|76,521|76,521|
|Creditors|due within one year|(2,444)|(2,444)|
|Total||528,629|528,629|
##
||||||||Unaudited|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||||6|
|Net income for the year (as|||per Statement|of Financial|Activities)|8,063,107|14,995|
|Adjustments
for:||||||||
|Non cash|gifts ofassets|||||(7,594,123)||
|Loss/(profit)
on the||sale offixed assets||||67,422|(11,153)|
|Dividends|and interest receivable
from investments|||||(170,267)|(13,353)|
|Increase|in debtors|||||(68,654)||
|Increase|in creditors|||||40,853|372|
|Net cash|provided|by/(used|in) operating|activities||338,338|(9,139)|
##
||||Unaudited|
|---|---|---|---|
|||2023
f|2022
8|
|Cash|in hand|258,045|76,521|
|Total|cash and cash equivalents|258,045|76,521|
##
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|||||||At|6April||At 5 April|
|---|---|---|---|---|---|---|---|---|---|
||||||||2022
6|Cash flows
f|2023
6|
|Cash|at|bank|and|in|hand||76,521|181,524|258,045|
||||||||76,521|181,524|258,045|
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