| Page | |||
|---|---|---|---|
| Reference and administration | details | ||
| Trustees' report | 2-3 | ||
| Statement ofFinancial Activities | |||
| Balance sheet | |||
| Notes to the accounts | 6-9 | ||
| Independent Examiner's |
Report | 10 |
| Year | ended 5April | 2023 | Year | ended | 5 April | 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Expendable | Unrestricted | Expendable | Unrestricted | ||||||||
| Endowment | General | Total | Endowment | General | Total | ||||||
| Notes | Fund | Fund | 2023 | Fund | Fund | 2022 | |||||
| Income from: | |||||||||||
| Donations and legacies |
|||||||||||
| -Legacy received | 2,897,308 | 2,897,308 | |||||||||
| Investments | |||||||||||
| -Investment income |
76,072 | 76,072 | 13,942 | 13,942 | |||||||
| Total income | 76,072 | 76,072 | 2,897,308 | 13,942 | 2,911,250 | ||||||
| Expenditure on: |
|||||||||||
| Raising funds | |||||||||||
| -investment tnanagement |
fees | 21,134 | 21,134 | 14,415 | 14,415 | ||||||
| Charitable activities |
|||||||||||
| - grants payable | 128,200 | 128,200 | 59,950 | 59,950 | |||||||
| -governance costs |
11,620 | 11,620 | 9,715 | 9,715 | |||||||
| Total expenditure | 21,134 | 139,820 | 160,954 | 14,415 | 69,665 | 84,080 | |||||
| Net expenditure before |
gains and losses on | ||||||||||
| investment assets |
(21,134) | (63,748) | (84,882) | 2,882,893 | (55,723) | 2,827,170 | |||||
| Net (losses)/gains | on investment | assets | (337,992) | (337,992 | 44,822) | (44,822) | |||||
| Net (expenditure)/income | (359,126) | (63,748) | (422,874) | 2,838,071 | (55,723) | 2,782,348 | |||||
| Transfers | |||||||||||
| Transfers between | funds | (63,748) | 63,748 | 55,723 | 55,723 | ||||||
| Net movement in |
funds | (422,874) | (422,874) | 2,782,348 | 2,782,348 | ||||||
| Reconciliation of |
Funds | ||||||||||
| Total Funds at 6April 2022 | 3,401,889 | 3,401,889 | 619,541 | 619,541 | |||||||
| Total Funds at 5April | 2023 | 2,979,015 | 2,979,015 | 3,401,889 | 3,401,889 |
| Investment | income | income | 2023 | 2022 | |||
|---|---|---|---|---|---|---|---|
| Interest received | |||||||
| Cater Allen | |||||||
| Canaccord | Genuity | 1,222 | |||||
| Quoted investment | income | 74,850 | 13,942 | ||||
| 76,072 | 13,942 | ||||||
| Expenditure | on charitable | activities | 2023 | 2022 | |||
| Grants payable (see note | 6) | 128,200 | 59,950 | ||||
| Support and | governance | costs (see note 4) | 11,620 | 9,715 | |||
| 139,820 | 69,665 | ||||||
| Support and | governance | costs | |||||
| 2023 | 2022 | ||||||
| Support costs | |||||||
| Bank charges | 25 | ||||||
| Governance | costs | ||||||
| Accountancy | 6,820 | 6,090 | |||||
| Independent | examination | 1,200 | |||||
| Legal | 3,600 | 3,600 | |||||
| 11,620 | 9,690 | ||||||
| Total | 11,620 | 9,715 |
| 6 | Grants payable | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Dean Close School | 25,333 | 16,666 | |||||
| Hereford Cathedral | School | 28,267 | (3,516) | ||||
| ICinghain Hill School | 9,400 | 7,000 | |||||
| Monkton Combe School |
48,867 | 26,100 | |||||
| Prior Park College | 3,000 | 3,000 | |||||
| Shiplake College | 13,333 | 10,000 | |||||
| St Leonards School |
700 | ||||||
| 128,200 | 59,950 | ||||||
| The grants paid relate | to support for 20 | students | (2022; 10students) | ||||
| 7 | 1nvestments | ||||||
| 2023 | 2022 | ||||||
| Market value | |||||||
| At 6April 2022 | 3,269,070 | 596,704 | |||||
| Additions at cost |
664,788 | 2,894,967 | |||||
| Disposals at carrying value Net (loss)/gain on revaluation |
(893,064) (263,324) |
(181,510) ~41,091 |
|||||
| At 5April 2023 | 2,777,470 | 3,269,070 | |||||
| Historical cost | 3,020,284 | 3,164,414 | |||||
| Listed investments | at fair value comprised: | 2023 | 2022 | ||||
| UK government stock |
81,153 | ||||||
| Other debt &fixed interest | 856,907 | 656,852 | |||||
| UK equities | 498,094 | 737,439 | |||||
| International equities |
1,200,459 | 1,496,952 | |||||
| Alternative investments |
222,010 | 296,674 | |||||
| 2,777,470 | 3,269,070 | ||||||
| 8 | Cash balances | 2023 | 2022 | ||||
| Cater Allen Private Bank | 16,961 | 33,632 | |||||
| 16,961 | 33,632 | ||||||
| 9 | Creditors: amounts | falling due within | one year | 2023 | 2022 | ||
| Grants payable | |||||||
| Accruals | 19,570 | 11,868 | |||||
| 19,570 | 11,868 |
| Analysis ofNet | A.ssets Between Funds | Expendable | ||
|---|---|---|---|---|
| Endowment | General | Total | ||
| Fund | Fund | 2023 | ||
| Fixed assets investments | 2,981,624 | 2,981,624 | ||
| Cash at bank Other current |
assets | (1,609) | 16,961 ~16,961 |
16,961 ~19,570) |
| At 5April 2023 | 2,979,015 | 2,979,015 | ||
| Expendable | ||||
| Endowment | General | Total | ||
| Fund | Fund | 2022 | ||
| Fixed assets investments | 3,380,125 | 3,380,125 | ||
| Cash at bank | 33,632 | 33,632 | ||
| Other current assets | 21,764 | (33,632) | (11,868) | |
| At 5 April 2022 | 3,401,889 | 3,401,889 |