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2025-03-31-accounts
|
Page |
| LegalandAdministrativeInformation |
1 |
| Trustees'Report |
2-4 |
| IndependentAuditors'ReportandOpinion |
5-8 |
| StatementofFinancialActivities |
9 |
| BalanceSheet |
10 |
| StatementofCashFlows |
11 |
| NotesformingpartoftheFinancialStatements |
12-19 |
|
Note |
UnrestrictedFund |
UnrestrictedFund |
2025 |
2024 |
|
|
Endowment |
Income |
Total |
Total |
|
|
Fund |
Fund |
|
|
|
|
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
|
| Investments |
|
|
|
|
|
| Incomefrom.UKgovernmentsecurities |
|
|
32,049 |
32,049 |
18,348 |
| IncomefromUKfixedintereststocks |
|
- |
65,806 |
65,806 |
62,712 |
| Incomefromoverseasbonds |
|
|
12,497 |
12,497 |
7,424 |
| DividendsfromUKequities |
|
|
341,851 |
341,851 |
346,159 |
| Dividendsfromoverseasequities |
|
|
76,161 |
76,161 |
91,056 |
| Incomefromglobalinvestments |
|
|
135 |
135 |
9,011 |
| Incomefrompropertystocks |
|
- |
18,594 |
18,594 |
18,036 |
| Incomefromprivateequitystocks |
|
- |
2,153 |
2,153 |
5,097 |
| Bankdepositinterest |
|
|
4,427 |
4,427 |
7,074 |
| Totalincome |
|
|
553,673 |
553,673 |
564,917 |
| Expenditure |
|
|
|
|
|
| Raisingfunds: |
|
|
|
|
|
| Investmentmanagementcosts |
|
(75,565) |
|
(75,565) |
(72,210) |
| Charitableactivities: |
|
|
|
|
|
| Distributionstocharitablebodies |
|
|
|
|
|
| Grants |
12 |
- |
(511,000) |
(511,000) |
(537,000) |
| Supportcosts |
|
|
|
|
|
| Accountancycharges |
|
- |
(29,640) |
(29,640) |
(24,396) |
| Auditfees |
|
- |
(7,140) |
(7,140) |
(6,600) |
| Legalcharges |
|
- |
(1,170) |
(1,170) |
- |
| Bankcharges |
|
|
(76) |
(76) |
(76) |
| Totalexpenditure |
|
(75,565) |
(549,026) |
(624,591) |
(640,282) |
| Netexpenditurebeforegainsand |
|
|
|
|
|
| lossesoninvestment |
|
(75,565) |
4,647 |
(70,918) |
(75,365) |
| Netgains/(losses)oninvestments |
5 |
332,448 |
|
332,448 |
652,960 |
| Netincomeaftergainsoninvestments |
|
256,883 |
4,647 |
261,530 |
577,595 |
| Netmovementinfunds |
|
256,883 |
4,647 |
261,530 |
577,595 |
| Reconciliationoffunds |
|
|
|
|
|
| Totalfundsbroughtforwardat1April |
9 |
17,097,856 |
162,278 |
17,260,134 |
16,682,539 |
| Totalfundscarriedforwardat31March |
9 |
17,354,739 |
166,925 |
17,521,664 |
17,260,134 |
|
Note |
2025 |
2024 |
|
|
Total |
Total |
|
|
£ |
£ |
| FixedAssets |
|
|
|
| Investments |
5 |
17,315,075 |
17,057,317 |
| CurrentAssets |
|
|
|
| Debtors |
6 |
75,744 |
69,168 |
| Cashatbankandinhand |
|
648,881 |
677,205 |
|
|
724,625 |
746,373 |
| Creditors-amountsfallingduewithinoneyear |
7 |
(518,036) |
(543,556) |
| Netcurrentassets |
|
206,589 |
202,817 |
| TotalNetAssets |
|
17,521,664 |
17,260,134 |
| Thefundsofthecharity: |
|
|
|
| UnrestrictedFunds: |
|
|
|
| EndowmentFund |
9 |
17,354,739 |
17,097,856 |
| IncomeFund |
9 |
166,925 |
162,278 |
|
|
17,521,664 |
17,260,134 |
|
Note |
2025 |
2024 |
|
|
Total |
Total |
|
|
£ |
£ |
| Operatingactivities: |
|
|
|
| Netcashusedinoperatingactivities |
13 |
(581,122) |
(70,099) |
| Investingactivities: |
|
|
|
| Dividendsandinterestfrominvestments |
|
552,798 |
564,669 |
| Netcashfrominvestingactivities |
|
552,798 |
564,669 |
| Changeincashandcashequivalentsinthereporting |
|
|
|
| period |
|
(28,324) |
494,570 |
| Cashandcashequivalentsat1April |
|
677,205 |
182,635 |
| Cashandcashequivalentsat31March |
14 |
648,881 |
677,205 |
| Relatingto:- |
|
|
|
| Bankbalancesincludedin"cashatbankandinhand" |
|
648,881 |
677,205 |
|
|
648,881 |
677,205 |
| 2 |
Auditor'sremuneration |
2025 |
|
2024 |
|
|
£ |
|
£ |
|
Feespaidtothecharity'sauditorsduringtheyearwereasfollows: |
|
|
|
|
Statutoryauditfees |
|
7,140 |
6,600 |
| FixedAssetInvestments-ManagedFunds |
|
|
Total |
|
2025 |
| Fairvalue |
|
| At1April |
16,852,025 |
| Additionsatcost |
3,873,555 |
| Disposalsatcarryingvalue |
(3,883,810) |
| Netgainonrevaluation |
332,448 |
|
17,174,218 |
| Cashheldoninvestment |
140,857 |
| At31March |
17,315,075 |
| Listedsecuritiescomprise: |
2025 |
2024 |
|
£ |
£ |
| UKgovernmentsecurities |
870,646 |
714,502 |
| UKfixedintereststocks |
670,559 |
1,269,995 |
| Overseasbonds |
1,173,449 |
319,798 |
| UKequities |
8,872,313 |
8,539,352 |
| Overseasequities |
4,419,828 |
4,659,242 |
| Globalinvestments |
478,891 |
565,193 |
| Property |
328,297 |
347,892 |
| Privateequity |
360,235 |
436,051 |
|
17,174,218 |
16,852,025 |
| 6 |
Debtors |
|
2025 |
2024 |
|
|
|
£ |
|
|
Accruedincome |
|
75,744 |
69,168 |
|
|
|
75,744 |
69,168 |
| 7 |
Creditors-amountsfallingduewithinoneyear |
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Accruals |
|
21,036 |
20,556 |
|
Grantspayable |
|
497,000 |
523,000 |
|
|
|
518,036 |
543,556 |
| 8 |
Analysisofnetassetsbetweenfunds |
|
|
|
|
|
Endowment |
Income |
Total |
|
|
fund |
fund |
|
|
|
£ |
£ |
£ |
|
Fixedassetinvestments |
17,315,075 |
|
17,315,075 |
|
Currentassets |
39,664 |
684,961 |
724,625 |
|
Creditors-amountsfallingduewithinoneyear |
|
(518,036) |
(518,036) |
|
Netassetsat31March2025 |
17,354,739 |
166,925 |
17,521,664 |
|
Comparativeanalysisofnetassetsbetweenfunds |
|
|
|
|
|
Endowment |
Income |
Total |
|
|
fund |
fund |
|
|
|
£ |
£ |
|
|
Fixedassetinvestments |
17,057,317 |
- |
17,057,317 |
|
Currentassets |
40,539 |
705,834 |
746,373 |
|
Creditors-amountsfallingduewithinoneyear |
- |
(543,556) |
(543,556) |
|
Netassetsat31March2024 |
17,097,856 |
162,278 |
17,260,134 |
| Movementinfunds |
|
|
|
|
|
|
1April2024 |
Income |
Expenditure |
Othergains |
31March2025 |
|
£ |
|
£ |
|
|
| Endowmentfund |
17,097,856 |
|
(75,565) |
332,448 |
17,354,739 |
| Incomefund |
162,278 |
553,673 |
(549,026) |
|
166,925 |
|
17,260,134 |
553,673 |
(624,591) |
332,448 |
17,521,664 |
| Comparativemovementinfunds |
|
|
|
|
|
|
1April2023 |
Income |
Expenditure |
Othergains |
31March2024 |
|
£ |
|
£ |
|
£ |
| Endowmentfund |
16,517,106 |
|
(72,210) |
652,960 |
17,097,856 |
| Incomefund |
165,433 |
564,917 |
(568,072) |
|
162,278 |
|
16,682,539 |
564,917 |
(640,282) |
652,960 |
17,260,134 |
| 10 |
Comparativeinformationfortotalfunds |
2024 |
2024 |
2024 |
|
|
Endowment |
Income |
Total |
|
|
£ |
£ |
£ |
|
Incomefrominvestments |
|
564,917 |
564,917 |
|
Expenditureonraisingfunds |
(72,210) |
|
(72,210) |
|
Expenditureoncharitableactivities |
|
(568,072) |
(568,072) |
|
Gainoninvestments |
652,960 |
|
652,960 |
|
Netmovementinfunds |
580,750 |
(3,155) |
577,595 |
| Grants |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Baniardo's |
15,000 |
15,000 |
| RoyalTrinityHospice |
15,000 |
15,000 |
| TrinityLabanConservatoireofMusicandDance |
14,000 |
28,000 |
| ArtFund(previouslyNationalArtCollectionsFund) |
12,000 |
12,000 |
| TheChildren'sSociety |
12,000 |
12,000 |
| FriendsoftheElderly |
12,000 |
12,000 |
| HelpMusiciansUK |
12,000 |
12,000 |
| MacmillanCancerSupport |
12,000 |
12,000 |
| MarieCurieCancerCare |
12,000 |
12,000 |
| NationalYouthOrchestraofGreatBritain |
12,000 |
12,000 |
| QueenElizabeth'sFoundation |
12,000 |
12,000 |
| SaintNtungo's |
12,000 |
12,000 |
| SalvationArmyTrust |
- |
12,000 |
| Scope |
12,000 |
12,000 |
| StrokeAssociation |
12,000 |
12,000 |
| TheHepworthWakefield |
10,000 |
10,000 |
| StWilfredsHospiceEastbourne |
10,000 |
10,000 |
| AlzheimersResearchTrust |
7,000 |
7,000 |
| CaninePartnersforIndependence |
7,000 |
7,000 |
| CoramFamilySurvivalPackAppeal |
7,000 |
7,000 |
| Crusaid(TerrenceHigginsTrust) |
7,000 |
7,000 |
| ElizabethFinnTrust |
7,000 |
7,000 |
| EnhamTrust |
7,000 |
7,000 |
| FirstStory |
7,000 |
7,000 |
| GlyndebourneArtsTrust |
7,000 |
7,000 |
| GreaterLondonFundfortheBlind |
7,000 |
7,000 |
| HelenandDouglasHouse |
7,000 |
7,000 |
| Into-University |
7,000 |
|
| KingEdwardVIIHospitalSisterAgnes |
7,000 |
7,000 |
| L'Arche |
7,000 |
7,000 |
| LongfordTrust |
7,000 |
7,000 |
| MotorNeuroneDiseaseAssociation |
7,000 |
7,000 |
| NationalCouncilofYMCA |
- |
7,000 |
| NationalSocietyforthePreventionofCrueltytoChildren |
7,000 |
7,000 |
| NationalTrust |
7,000 |
7,000 |
| NationalYouthChoirsofGreatBritain |
7,000 |
7,000 |
| RhythmStudioFoundation |
7,000 |
7,000 |
| SavetheChildrenFund |
7,000 |
7,000 |
| ShipstonHomeNursing |
7,000 |
7,000 |
| BalanceC/Fwd |
343,000 |
369,000 |
| 12 |
Grants(continued) |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
BalanceB/Fwd |
343,000 |
376,000 |
|
SouthernThailandElephantFoundation |
7,000 |
7,000 |
|
StGilesTrust |
7,000 |
7,000 |
|
ToynbeeHall |
7,000 |
7,000 |
|
Zane |
7,000 |
7,000 |
|
AbilityNet |
5,000 |
5,000 |
|
AllSaintsChoirandMusicTrustFund |
5,000 |
5,000 |
|
AllSaintsMargaretStreet |
5,000 |
5,000 |
|
Centrepoint(Soho) |
5,000 |
5,000 |
|
CollegeofStBarnabas |
5,000 |
5,000 |
|
Greenwich,Deptford&RotherhitheSeaCadetUnit |
|
5,000 |
|
HollandParkOpera |
5,000 |
5,000 |
|
HomeStartUK |
5,000 |
5,000 |
|
HospiceCareKenya |
5,000 |
5,000 |
|
IndependentAge |
5,000 |
5,000 |
|
InternationalTreeFoundation |
5,000 |
- |
|
LongboroughFestivalOpera |
5,000 |
5,000 |
|
MildmayHospital |
5,000 |
5,000 |
|
MultipleSclerosisNationalTherapyCentres |
5,000 |
5,000 |
|
PCCCherington |
5,000 |
5,000 |
|
PracticalAction |
5,000 |
5,000 |
|
RoyalCollegeofMusic |
5,000 |
5,000 |
|
StJoseph'sPastoralCentre |
5,000 |
5,000 |
|
StLuke'sSchoolTrust |
5,000 |
- |
|
TheGameandWildlifeConservation.Trust |
5,000 |
5,000 |
|
WallaceCollection |
|
5,000 |
|
WWF(UK) |
5,000 |
5,000 |
|
BarnOwlTrust |
4,000 |
4,000 |
|
BatterseaSummerScheme |
4,000 |
4,000 |
|
BenslowMusicTrustInstrumentLoanScheme |
4,000 |
4,000 |
|
BritishWheelchairSportsFoundation |
4,000 |
4,000 |
|
ChaseleyTrust |
4,000 |
4,000 |
|
FriendsofEastbourneHospitals |
4,000 |
4,000 |
|
KoestlerTrust |
4,000 |
4,000 |
|
RedSquirrelSurvivalTrust |
4,000 |
4,000 |
|
SirJohnSoane'sMuseum |
4,000 |
4,000 |
|
SongbirdSurvival |
4,000 |
4,000 |
|
|
511,000 |
544,000 |
| 13 |
Reconciliationofnetmovementinfundstonetcash |
usedin |
|
|
|
|
operations |
|
|
2025 |
2024 |
|
|
|
|
£ |
£ |
|
Netmovementinfundsfortheyear |
|
|
261,530 |
577,595 |
|
Adjustmentsfor: |
|
|
|
|
|
Gainsoninvestments |
|
|
(332,448) |
(652,960) |
|
Dividendsandinterestfrominvestments |
|
|
(553,673) |
(564,917) |
|
Investmentmanagerfees |
|
|
75,565 |
72,210 |
|
Decrease/(increase)indebtors |
|
|
(6,576) |
(21,765) |
|
(Decrease)/increaseincreditors |
|
|
(25,520) |
519,738 |
|
Netcashusedinoperatingactivities |
|
|
(581,122) |
(70,099) |
| 14 |
Analysisofchangesinnetdebt |
At1 |
April |
Cashflows |
At31March |
|
|
|
2024 |
|
2025 |
|
|
|
£ |
£ |
£ |
|
Fundbalancesat31March2025asrepresentedby: |
|
|
|
|
|
Cashatbankandinhand |
677,205 |
|
(28,324) |
648,881 |