| Trustees' annual report |
Trustees' annual report |
|---|---|
| Independent auditor's |
report tothe members |
| Statement offinancial | activities |
| Statement offinancial | position |
| Statement ofcash flows | |
| Notes to the financial | statements |
| Reference and administrative | Reference and administrative | Reference and administrative | details | ||
|---|---|---|---|---|---|
| Registered | charity | name | CBand HH Taylor 1984Trust | ||
| Charity registration | number | 291363 | |||
| Principal office | PO Box282 | ||||
| Aberystwyth | |||||
| SY239BZ | |||||
| The trustees | Mrs C H Norton | ||||
| Mrs EJ Birmingham | |||||
| Mrs C M Penny | |||||
| TW Penny | |||||
| RJ Birmingham | |||||
| SBTaylor | |||||
| Ms C Middleton | |||||
| Ms H M Pattison | |||||
| Ms LTaylor | |||||
| Auditor | Independent Auditors |
LLP | |||
| Chartered Accountants |
&Statutory | Auditor | |||
| Emstrey House North | |||||
| Shrewsbury Business |
Park | ||||
| Shrewsbury | |||||
| Shropshire | |||||
| SY26LG |
| Year end | ed 5April | 2023 | 2023 | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | |||||||
| funds | Totalfunds | Total funds | |||||
| Note | R | ||||||
| Income and endowments | |||||||
| Investment income |
4 | 617,335 | 617,335 | 667,219 | |||
| Total income | 617,335 | 617,335 | 667,219 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 5 | (23,318) | (23,318) | (25,474) | ||
| Expenditure on charitable |
activities | 6,7 | (537,980) | (537,980) | (498,452) | ||
| Total expenditure | (561,298) | (561,298) | (523,926) | ||||
| Net (losses)/gains | on investments | 9 | (2,024,046) | (2,024,046) | 254,377 | ||
| Net (expenditure)lincome | end net movement | in funds | (1,968,009) | (1,668,009) | 397,670 | ||
| Reconciliation of |
funds | ||||||
| Total funds brought | fon((((ard | 16,827,112 | 16,827,112 | 16,429,442 | |||
| Total funds carried forward | 14,859,103 | 14,859,103 | 16,827,112 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible fixed assets | 13 | 5,433 | |||
| Investments | 14 | 14,560,306 | 16,545,696 | ||
| 14,565,739 | 16,545,696 | ||||
| Current assets | |||||
| Debtors | 15 | 277 | 231 | ||
| Cash at bank | and in | hand | 296,129 | 287,081 | |
| 296,406 | 287,312 | ||||
| Creditors: amounts | falling due within one year | 16 | 3,042, | 5,896 | |
| Net current assets | 293,364 | 281,416 | |||
| Total assets | less current liabilities | 14,859,103 | 16,827, 1 'I2 | ||
| Net assets | 14,859,103 | 16,827,112 | |||
| Funds ofthe charity Unrestricted funds |
14,859,103 | 16,827,112 | |||
| Total charity | funds | 17 | 14,859,'I 03 | 16,827,112 |
| Year e | nded 5April 20 | 23 | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | ||||
| Cash flows from operating | activities | |||
| Net (expenditure)/income | (1,968,009) | 397,670 | ||
| Adjustments for: |
||||
| Depreciation oftangible fixed assets |
567 | |||
| Net (losses)/gains on investments |
2,024,046 | (254,377) | ||
| Dividends, interest and rents from investments |
(616,872) | (667,219) | ||
| Other interest receivable and similar income | (463) | |||
| Interest payable and similar | charges | 3 | ||
| Accrued (income)/expenses | (2,854) | 1,288 | ||
| Changesin: | ||||
| Trade and other debtors | (46) | (231) | ||
| Trade and other creditors | (1,009) | |||
| Cash generated from operations |
(563,631) | (523,875) | ||
| Interest paid | (3) | |||
| Interest received | 463 | |||
| Net cash used in operating | activities | (5S3,188) | (523,878) | |
| Cash flows from investing | activities | |||
| Dividends, interest and rents from investments |
616,872 | 667,219 | ||
| Purchase oftangible assets | (6,000) | |||
| Purchases ofother investments | (1,273,157) | (1,454,722) | ||
| Proceeds from sale ofother | investments | 1,234,501 | 1,320,930 | |
| Net cash from investing activities |
572,216 | 533,427 | ||
| Net increase in cash and cash equivalents | 9,048 | 9,549 | ||
| Cash and cash equivalents | at beginning | ofyear | 287,081 | 277,532 |
| Cash and cash equivalents | at end ofyear | 296,129 | 287,081 |
| 4. | Investment | income | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2023 K |
Funds f |
2022 | |||||||
| Income from | listed investments | 593,703 | 593,703 | 642,985 | 642,985 | |||||
| Loan stock | interest | 23,169 | 23,169 | 24,234 | 24,234 | |||||
| Bank interest | receivable | 463 | 463 | |||||||
| 617,335 | 617,335 | 667,219 | 667,219 | |||||||
| 5. | Investment | management | costs | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds F |
2023 E |
Funds f |
2022 | |||||||
| Investment | management | fees | and | |||||||
| bank charges | 23,318 | 23,318 | 25,474 | 25,474 | ||||||
| 6. | Expenditure | on charitable | activities | by fund type | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2023 | Funds | 2022 | |||||||
| K | f. | |||||||||
| Grants | 524,275 | 524,275 | 486,000 | 486,000 | ||||||
| Foreign exchange differences | relating | |||||||||
| to acquisition | and disposal | of | listed | |||||||
| investments | (164) | (164) | ||||||||
| Support costs | 13,705 | 13,705 | 12,616 | 12,616 | ||||||
| 537,980 | 537,980 | 498,452 | 498,452 |
| Grant funding | Support | Total funds | Total fund | |||||
|---|---|---|---|---|---|---|---|---|
| ofactivities | costs | 2023 | 2022 | |||||
| F | ||||||||
| Grants | 524,275 | 7,997 | 532,272 | 493,685 | ||||
| Foreign exchange differences | relating | |||||||
| to acquisition | and disposal of | listed | ||||||
| investments | (164) | |||||||
| Governance costs |
5,708 | 5,708 | 4,931 | |||||
| 524,275 | 13,705 | 537,980 | 498,452 | |||||
| 8. | Analysis ofsupport costs | |||||||
| Grants | Total 2023 | Total 2022 f |
||||||
| Secretarial remuneration |
and | expenses | 7,997 | 7,997 | 7,682 | |||
| Audit fees | 1,400 | 1,400 | 1,430 | |||||
| Accountancy | fees | 1,000 | 1,000 | 1,100 | ||||
| Sundry expenses | 946 | 946 | 136 | |||||
| Rent | 1,023 | 1,023 | 526 | |||||
| Legal fees | 1,200 | |||||||
| Depreciation | 567 | 567 | ||||||
| Postage and | stationery | 772 | 772 | 539 | ||||
| 13,705 | 13,705 | 12,613 | ||||||
| 9. | Net (losses)/gains on investments |
|||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2023 | Funds | 2022 | |||||
| E | ||||||||
| Gains/(losses) | on disposal oflisted | |||||||
| investments | (78,006) | (78,006) | 84,026 | 84,026 | ||||
| Gains/(losses) | on revaluation | of listed | ||||||
| investments | (1,946,040) | (1,946,040) | 170,351 | 170,351 | ||||
| (2,024,040) | (2,024,046) | 254,377 | 254,377 | |||||
| 10. | Net (expenditure)/income | |||||||
| Net (expenditure)/income | is stated after | charging/(crediting): | ||||||
| 2023 | 2022 | |||||||
| E | F | |||||||
| Depreciation | oftangible fixed | assets | 567 | |||||
| Foreign exchange differences | (164) | |||||||
| Fees payable | for the audit of | the financial statements | 1,400 | 1,430 |
| Tangible | fixed assets | |
|---|---|---|
| Computer | ||
| equipment | ||
| Cost | ||
| At6April | 2022 | 616 |
| Additions | 6,000 | |
| At 5April | 2023 | 6,616 |
| Depreciation | ||
| At6April | 2022 | 616 |
| Charge for the year | 567 | |
| At 5April | 2023 | 1,183 |
| Carrying | amount | |
| At 5April | 2023 | 5,433 |
| At 5April | 2022 | |
| Investments | ||
| Listed | ||
| investments | ||
| Cost orvaluation | ||
| At6April | 2022 | 16,545,696 |
| Additions | 1,273,157 | |
| Disposals | (1,312,507) | |
| Fair value | movements | (1,946,040) |
| At 5April | 2023 | 14,560,306 |
| Impairment | ||
| At 6April | 2022 and 5April 2023 | |
| Carrying | amount | |
| At 5April | 2023 | 14,560,306 |
| At 5April | 2022 | 16,545,6S6 |
| 15. | Debtors | |||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| F | F | |||||||
| Prepayments | and accrued income | 277 | 231 | |||||
| 16. | Creditors: amounts | falling due within one year | ||||||
| 2023 | 2022 | |||||||
| F | ||||||||
| Accruals and | deferred | income | 3,042 | 5,896 | ||||
| 17. | Analysis ofcharitable funds | |||||||
| Unrestricted | funds | |||||||
| At | Gains and | At | ||||||
| 6April | 2022 | Income | Expenditure | losses | 5April 2023 f |
|||
| General funds | 16,827,112 | 617,335 | (581,298) | (2,024,046) | 14,859,103 | |||
| At | Gains and | At | ||||||
| 6April | 2021 | Income | Expenditure | losses | 5April 2022 | |||
| General funds | 16,429,442 | 667,219 | (523,926) | 254,377 | 16,827,112 |
| Analysis ofnet as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2023 | ||
| Tangible fixed assets Investments |
5,433 14,560,306 |
5,433 14,560,306 |
|
| Current assets | 296,406 | 296,406 | |
| Creditors less than | 1 year | (3,042) | (3,042) |
| Net assets | 14,859,103 | 14,859,103 | |
| Unrestricted | Total Funds | ||
| Funds | 2022 | ||
| Tangible fixed assets Investments |
16,545,696 | 16,545,696 | |
| Current assets | 287,312 | 287,312 | |
| Creditors less than | 1 year | (5,896) | (5,896) |
| Net assets | 16,827,112 | 16,827,112 |
| 20.Analysis | ofinvestments | |
|---|---|---|
| Ilarket Value | ||
| Shares | ||
| 3I Infrastructure | 583,163 | |
| AstraZen sea | 73D,422 | |
| Atrato Onsite | Energy | 259,60D |
| Centric a | 151,519 | |
| Digital 9Infrastructure | 241,368 | |
| Downing Renewahles | 243,562 | |
| DSSmith | 292,125 | |
| Gore Street Energy | 493,T72 | |
| Glaxo SmithKline | 321,235 | |
| Haleon Pic | 91,975 | |
| Hill &Smith | 309,8?6 | |
| Home REITPic | 247,325 | |
| IMI | 527,760 | |
| International Puhlic Partnership |
369,?62 | |
| ITV | 183,494 | |
| John Laing Environmental | 5T3,800 | |
| Johnson Matthey |
291,159 | |
| Legal &General | 456,686 | |
| Londonmetric | Property | 601,037 |
| M&G | 195,546 | |
| Morgan Advanced | 270,500 | |
| National Grid |
434,665 | |
| Pennon Group |
278,880 | |
| Prudential | 297,810 | |
| Reckitt Benckiser | 506,88D | |
| Renewi | 285,180 | |
| Renishaw | 627,640 | |
| Rotork | 448,105 | |
| Schroder BSCSocial | 226,7T5 | |
| SDCL Energy | Efliciency Income Trust | 368,082 |
| Spirax-Sarco Engineering | 1,083,000 | |
| Tate &Lyle | 329,448 | |
| Triple Point Energy | 223,850 | |
| Unilever | 887,720 | |
| United Utilities |
462,895 | |
| Yodafone | 247.7?7 | |
| Wood Group | 84,420 | |
| 14,228,813 | ||
| Stocks | ||
| BT3.5%Index | Linked 2025 | 331,493 |
| 331,493 |
| 21.Analysis ofgrants | |||||
|---|---|---|---|---|---|
| 2023 | |||||
| Ackers Adventure | 1,000 | ||||
| Acorns Children Hospice |
Trust | 1,380 | |||
| Action Against Hunger |
10,000 | ||||
| Afncan Mission | 250 | ||||
| Age International | 6,000 | ||||
| Age UK | 2,000 | ||||
| Akany Avoko Children's | Home Madagascar | 3,000 | |||
| All Hands and Hearts UK Trust |
2,000 | ||||
| Ail Saints Youth Project | 1,000 | ||||
| All We Can | 6,000 | ||||
| Ampliiy Action | 1,000 | ||||
| Action On Poverty | 2,000 | ||||
| Heating Time | 1,500 | ' | |||
| Beyond the Horizon | 1,000 | ||||
| Birmingham Association |
ofYouth Clubs | 5,000 | |||
| Birmingham Botanical Gardens |
500 | ||||
| Birmingham Community |
Matters | 1,000 | |||
| Birmingham Disability Resource Centre |
2,000 | ||||
| Birmingham Opera Company |
1,000 | ||||
| Birmingham Settlement |
10,000 | ||||
| Bournville Local Meeting |
500 | ||||
| Brierley Hill Babybank |
500 | ||||
| Britain Yearly Meeting OfThe Religious Society | Of Friends | 75,000 | |||
| British Friends OfQCEA | 14,000 | ||||
| British Shalom-Salaam | Trust | 5,000 | |||
| Build-It International | 1,000 | ||||
| Building 4 Hope | 1,000 | ||||
| Camlield | 1„000 | ||||
| Caplor Horizons | 10,000 | ||||
| Carers Trust Heart ofEngland | 2,000 | ||||
| Cash For Kids | 1,000 | ||||
| Central England Quakers | Peace Committee | 1,500 | |||
| Changing Tunes |
1,500 | ||||
| CHASE Africa | 2,000 | ||||
| Child Autism UK |
1,000 | ||||
| Child In Need india |
1,000 | ||||
| Christian Aid |
6,000 | ||||
| Clouds ofHope | 1,500 | ||||
| Gowns Without Borders |
UK | 2,000 | |||
| Crawshawbooth Quaker |
Meeting | 1,000 | |||
| Cruse Bereavement Care |
2,000 | ||||
| Deki | 1,500 | ||||
| DogA I. D |
1,858 |
| 2023 | ||||
|---|---|---|---|---|
| Dudley Counselling | Centre | 1,000 | ||
| Ecobirmingham | 2,00Q | |||
| Engage with Age | 1„000 | |||
| Family Action | 6,00Q | |||
| Family Holiday Charity | 600 | |||
| Forward Africa Education | 1,500 | |||
| Frank Water | 500 | |||
| Friends ofMonza | 1,000 | |||
| Giving Hands Mission | 1,000 | |||
| Guy's Gift | 1,000 | |||
| Halow Birmingham | 2,000 | |||
| Hands Around the World | 1,500 | |||
| Happy Days Family | Group | 1,00Q | ||
| Horne-Start Birmingham |
South | 1,000 | ||
| Hope for Justice | 5,000 | |||
| Hope Health Action | 2,000 | |||
| Inter Care | 1,000 | |||
| InterAct Stroke Support | 1,000 | |||
| International Needs |
VK | 2,350 | ||
| International Rescue Committee |
UK | 6,000 | ||
| Kaleidoscope | 2,000 | |||
| Karis Neighbour Scheme |
1,000 | |||
| Khulisa | 1,000 | |||
| Kids Club Kampala | 1,000 | |||
| Kingswood Trust | 2,060 | |||
| Koestler Arts | 1,00D | |||
| Law Works | 2,DOD | |||
| Made for More | 1,000 | |||
| Mary Ann Evans Hospice | 405 | |||
| Mitchell's Miracles |
1,000 | |||
| Money for Madagascar | 15,000 | |||
| Newbigin Community |
Trust | 2,DDQ | ||
| Newlife The Charity | for Disabled | Children | 1,000 | |
| North Wales Area Meeting | 1,000 | |||
| Northern Ireland DeafSports |
1,000 | |||
| Omega | 1,000 | |||
| Orchid Project | 1,000 | |||
| Parkinson's UK |
2,000 | |||
| Path to Prosper | 2,40Q | |||
| Peace Direct | 2,000 | |||
| Peace Works Zimbabwe | 1,000 | |||
| Place28e | 2,000 | |||
| Plan lntemational UK |
10,00Q |
| 2023 | ||||||
|---|---|---|---|---|---|---|
| Play Action International | 1,000 | |||||
| Porridge and Pens Ghana | 2,000 | |||||
| Pragya | 2,000 | |||||
| Prisoners OfConscience |
Appeal | Fund | 3,D00 | |||
| Quaker Christmas Parcels |
3,000 | |||||
| Quaker International Educational |
Trust | 2,000 | ||||
| Quaker Service (Ireland) | 14,000 | |||||
| Quaker Social Action | 32,000 | |||||
| Quaker United Nation |
18,000 | |||||
| Quaker Voluntary Action |
3,000 | |||||
| Relate | 4,000 | |||||
| RicNic | 500 | |||||
| Ryders Green Methodist | Day | Centre | 1,000 | |||
| Safe Child Thailand | 2,500 | |||||
| Salvation Army |
7,000 | |||||
| Samaritans Birmingham |
6,000 | |||||
| Sandwell African Women |
Association | 1,000 | ||||
| Sandwell Asian Development |
Association | 1,000 | ||||
| Sandwell Parents for Disabled |
Children | 2,000 | ||||
| Sandwell Youth in Action |
500 | |||||
| Scholarships for Street Kids |
3,000 | |||||
| Sensory People | 1,000 | |||||
| Shelter | 8,000 | |||||
| Simien Mountains Mobile |
Medical | Service | 3,000 | |||
| SolarAid | 1,500 | |||||
| Solihull Action Through Advocacy |
2,000 | |||||
| Sophie Hayes Foundation | 2,000 | |||||
| SOS Children's Villages |
UK | 6,000 | ||||
| Soundabout | 1,000 | |||||
| Spitfire Advice and Support Services | 1,000 | |||||
| StAndrews Education for Palestinian |
Students | 1,000 | ||||
| StAnne"s Hostel | 1,000 | |||||
| StGiles Trust | 2,000 | |||||
| StMary's Roman Catholic Church, | Willenhall | 1,000 | ||||
| St Richard's Hospice Foundation |
4,000 | |||||
| Street Child | 1,000 | |||||
| Support Through Court |
1,000 | |||||
| Temwa | 500 | |||||
| The Big issue Foundation | 2,000 | |||||
| The Coroners' Court Support | Service | 1,000 | ||||
| The Fellowship Of Reconciliation |
1,000 | |||||
| The Friend | 6,000 | |||||
| The Friends Of HOPE | 5,00D |
| 2023 | |||
|---|---|---|---|
| The Haven Wolverhampton | 1,000 | ||
| The Heart OfEngland Forest | 1,472 | ||
| The Hospice Charity Partnership | 1,000 | ||
| The House on the Comer Community | Project | 1,000 | |
| The Leprosy Mission England | and Wales | 1,000 | |
| The Light House | 1,000 | ||
| The Mango Tree | 3„500 | ||
| The Recovery Foundation | 2,000 | ||
| Tools For SelfReliance | 4,000 | ||
| Top Church Training | 1,500 | ||
| Transform Burkina |
1,000 | ||
| UN1CEF | 9,000 | ||
| Village Water | 1,000 | ||
| Walsall Bereavement Support |
Service | 1,000 | |
| Walsall Society for the Blind | 1,MO | ||
| Warley Woods Community Trust |
1,M0 | ||
| West Midlands Quaker Peace Education Project |
6,000 | ||
| Whizz-Kidz | 1,000 | ||
| Woodbrooke Quaker Study Centre |
24,000 | ||
| Woodlands Quaker Home for |
Older People | 4,000 | |
| World Child Cancer | 2,000 | ||
| Worth Unlimited | 1,000 | ||
| YHA (England and Wales) | 2,000 | ||
| Young Friends General Meeting |
2,000 | ||
| Young People First | 1,000 | ||
| Youth Lyric | 1,000 | ||
| Zambia Orphans Aid UK |
1,000 | ||
| Zimbabwe Educational Trust |
3„500 | ||
| 524.2F5 |