| Restricted Fund | |||||
|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||
| INCOME FROM | |||||
| Investments | |||||
| Income from investment | portfolio | 25&940 | 25,996 | ||
| Interest on cash deposit held by The King's School | 7&669 | 1,667 | |||
| Total Income | 33&609 | 27,663 | |||
| EXPENDITURE ON | |||||
| Charitable Activities |
|||||
| Grants, awards and prizes | 13,298 | 9,361 | |||
| Total expenditure | 13,298 | 9,361 | |||
| NET INCOME BEFOREINVESTMENT GAINS/(LOSS) | 20&311 | 18,302 | |||
| Investment gains/(loss) |
(12&908) | (93,471) | |||
| NET MOVEMENT IN FUNDS | 7,403 | (75,169) | |||
| Fund balances at | |||||
| I' September 2022 | 1,108,076 | 1,183,245 | |||
| FUND BALANCES AT | |||||
| at 31stAugust 2023 | 1&115&479 | 1,108,076 |
| 2) Expenditure |
||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Trust Activity Expenditure | includes: | |||
| Literary prize | 8,540 | 2,000 | ||
| Scholarship | (4,150) | 164 | ||
| Advertising | 4,660 | 3,147 | ||
| Independent | Adjudicator | 3,000 | 3,000 | |
| 12&050 | 8,311 | |||
| Governance Expenditure |
includes: | |||
| Management | and Administration | 1&248 | 1,050 | |
| 1&248 | 1,050 | |||
| Total Expenditure | 18,2&8 | 9,361 |
| Investment portfolio |
- Sarasin | 2023 | 2022 |
|---|---|---|---|
| Market Value at | 1st September 2022 | 960,296 | 1,053,767 |
| Investment gains/(loss) |
(12,908) | (93,471) | |
| Market Value at | 31stAugust 2023 | 947,388 | 960,296 |
| Historic Cost | 325,309 | 325,309 | |
| All investments | are in Sarasin Climate Active Endowments | Fund (Income Units) | |
| Overseas investments: | 554&222 | 561,773 | |
| United Kingdom | investments: | 393&166 | 398,523 |
| 947&388 | 960,296 |
| 4) Debtors |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Deposits help | with The King's School, Canterbury | 168&301 | 160,515 |
| Prepayments | and Accrued Income | 12,490 | 6,525 |
| 180&791 | 167,040 | ||
| 5) Creditors |
|||
| 2023 | 2022 | ||
| Audit fees | 1&200 | 1,050 | |
| Adjudicator's | fees | 3&000 | 3,000 |
| Literary prize | 8&500 | 11,060 | |
| Scholarship | 4,150 | ||
| 12&700 | 19,260 |
| Balance 1st | Balance | |||||
|---|---|---|---|---|---|---|
| September | Investment | 31stAugust | ||||
| 2022 | Income | E&expenditure | gains/(loss) | 2023 | ||
| Restricted | Fund | 1,108,076 | 33,609 | (13 298) | (12 908) | 1&1 15&479 |
| Balance 1st | Balance | |||||
|---|---|---|---|---|---|---|
| September | Investment | 31stAugust | ||||
| 2021 | Income | &expenditure | gains/(loss) | 2022 | ||
| Restricted | Fund | 1,183,245 | 27,663 | (9,361) | (93,470) | 1,108,076 |