| Page | |||
|---|---|---|---|
| Chairman's statement |
|||
| Trustees' report |
2-3 | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 7-13 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| Notes | 8 | 6 | |||
| income from: | |||||
| Donations and |
legacies receivable | 3,083,104 | |||
| Investment income |
119,608 | 26,309 | |||
| Total income | 119,608 | 3,109,413 | |||
| ~E«dit | |||||
| Charitable activities |
4 | 195,886 | 129,124 | ||
| Net gains/(losses) | on investments | 9 | (70,758) | 237,451 | |
| Net movement | in | funds | (147,036) | 3,217,740 | |
| Fund balances | at 6 April 2021 | 4,753,409 | 1,535669 | ||
| Fund balances | at | 5April 2022 | 4,606,373 | 4,753,409 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 8 | 8 | f | ||||
| Fixed assets | |||||||
| Investments | 10 | 4,257,259 | 1,609,170 | ||||
| Current assets | |||||||
| Investments | 11 | 3,318,100 | |||||
| Debtors | 12 | 3,832 | 2,232 | ||||
| Cash at bank and in | hand | 17,783 | 23,283 | ||||
| Cash with stockbrokers | 347,686 | 46,223 | |||||
| 369,301 | 3,389,838 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | 13 | (20,187) | (245,599) | ||||
| Net current assets | 349,114 | 3,144,239 | |||||
| Total assets less current | liabilities | 4,606,373 | 4,753,409 | ||||
| Income funds | |||||||
| Unrestricted funds |
4,606,373 | 4,753,409 | |||||
| 4,606,373 | 4,753,409 |
| 2022f | 2021 | |||||
|---|---|---|---|---|---|---|
| Legacies receivable | 3,083,100 | |||||
| Donations | 4 | |||||
| 3 | Investment | income | ||||
| 2022f | 2021 f |
|||||
| Income from | managed | funds | 38,443 | 20,237 | ||
| Interest receivable | 3,782 | |||||
| Realised profit/(loss) | on sale of investments | 81,165 | 2,290 | |||
| 119,608 | 26,309 | |||||
| 4 | Charitable activities |
|||||
| 2022 | 2021 | |||||
| f | ||||||
| Grant funding | ofactivities (see note 5) | 84,068 | 41,700 | |||
| Support costs (see note 6) | 92,520 | 72,885 | ||||
| Governance | costs (see | note 6) | 19,298 | 14,539 | ||
| 195,886 | 129,124 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 8 | 6 | |||||
| Grants to institutions: | ||||||
| The Peter Jost Travel Fund | 4,935 | 800 | ||||
| Norfolk Hospice | 1,000 | |||||
| NHS Chadties COVID-19 | 1,000 | |||||
| Alzheimer's Reseach |
23,333 | |||||
| St Mungos | 1,000 | |||||
| British Red Cross | 5,100 | |||||
| Science and Technology | Foundation | Trust | 8,000 | 8,000 | ||
| Trinity Project | 1,000 | |||||
| Magpas Air Ambulance | 1,000 | |||||
| Institution of Engineering |
and Technology | - Student sponsorship | 11,000 | |||
| Imperial College London |
2,000 | |||||
| UTC Reading Mechanical | Engineering | Grant | 1,800 | |||
| RNID Graduate grant |
25,000 | 25,000 | ||||
| Hearing dogs for the deaf | 3,000 | |||||
| Other organisations and charities, |
all | below F1,000 each | 1,700 | 1,100 | ||
| 84,068 | 41,700 |
| Support and | governance | costs | |||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support costs | Governance | 2021 | ||
| costs | costs | costs | |||||
| 6 | |||||||
| Staff costs | 21,656 | 21,656 | 21,072 | 21,072 | |||
| Rent and rates | 3,773 | 3,773 | 3,660 | 3,660 | |||
| Insurance | 707 | 707 | 604 | 604 | |||
| Computer costs | 301 | 301 | 346 | 346 | |||
| Office supplies | 23 | 23 | 146 | 146 | |||
| Telephone | 488 | 488 | 946 | 946 | |||
| Bank charges | 430 | 430 | 423 | 423 | |||
| Property expenses | 16,316 | 16,316 | 22,533 | 22,533 | |||
| Stockbrokers | fees | 32,708 | 32,708 | 14,654 | 14,654 | ||
| Interest payable | 71 | 71 | |||||
| Legal and professional | |||||||
| fees | 16,047 | 16,047 | 8,501 | 8,501 | |||
| Audit fees | 2,880 | 2,880 | |||||
| Accountants' | fees | 6,083 | 6,083 | 5,360 | 5,360 | ||
| Independent | Examiner's | ||||||
| fees | 1,260 | 1,260 | |||||
| Administration | costs. | 11,955 | 11,955 | 6,299 | 6,299 | ||
| 92,520 | 19,298 | 111,818 | 72,885 | 14,539 | 87,424 | ||
| Allocated to: | |||||||
| Charitable activities |
92,520 | 19,298 | 111,818 | 72,885 | 14,539 | 87,424 |
| The average |
monthly number ofemployees during t |
he year was: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| Administration | staff | ||
| Employment | costs | 2022f | 2021 |
| Wages and salades | 21,243 | 20,660 | |
| Pension costs | 413 | 412 | |
| 21,656 | 21,072 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Revaluation of investments |
(70,758) | 237,451 | ||
| 10 | Fixed asset investments | |||
| Listed | ||||
| investments | ||||
| Cost or valuation | ||||
| At 6April | 2021 | 1,609,170 | ||
| Additions | 3,231,274 | |||
| Valuation | changes | 10,407 | ||
| Disposals | (593,592) | |||
| At 5April | 2022 | 4,257,259 | ||
| Carrying | amount | |||
| At 05April | 2022 | 4,257,259 | ||
| At 05Apdil | 2021 | 1,609,170 |
| 11 | Current | Asset Investments | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | ||||
| Property | held for sale | 3,318,100 | 3,318,100 | |
| Property | disposal | (3,318,100) | ||
| 3,318,100 | ||||
| 12 | Debtors | |||
| 2022 | 2021 | |||
| Amounts | falling due within one year: | F | 6 | |
| Other debtors | 3,832 | 2,232 |
| 13 | Creditors: amounts | falling due within one | year | ||
|---|---|---|---|---|---|
| 2022f | 2021 | ||||
| Other creditors | 20,187 | 245,599 | |||
| 14 | Analysis ofnet assets between funds | ||||
| Unrestricted | Unrestdicted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f. | f | ||||
| Fund balances at 5 | April 2022 are represented | by: | |||
| Investments | 4,257,259 | 1,609,170 | |||
| Current assets/(liabilities) | 349,114 | 3,144,239 | |||
| 4,606,373 | 4,753,409 |
| 2022 f |
2021f | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| INCOME | ||||||||||
| Investment income |
||||||||||
| Income from managed | funds | 38,443 | 24,019 | |||||||
| Realised profit/(loss) |
on sale of investments | 81,165 | 2,290 | |||||||
| Donations and legacies |
receivable | |||||||||
| Legacies receivable | 3,083,100 | |||||||||
| Donation | 4 | |||||||||
| Other recognised | gains | and losses | ||||||||
| Unrealised (losses)/gains |
on investment | assets | (70,758) | 237,451 | ||||||
| 48,850 | 3,346,864 | |||||||||
| EXPENDITURE | ||||||||||
| Grants payable in |
furtherance | ofthe | Foundation's | objects | ||||||
| Grants and donations | paid | during | the year | 84,068 | 41,700 | |||||
| Support and governance | costs | |||||||||
| Staff costs | 21,656 | 21,072 | ||||||||
| Rent and rates | 3,773 | 3,660 | ||||||||
| Insurance | 707 | 604 | ||||||||
| Computer costs | 301 | 346 | ||||||||
| Office supplies | 23 | 146 | ||||||||
| Telephone | 488 | 946 | ||||||||
| Bank charges | 430 | 423 | ||||||||
| Property expenses | 16,316 | 22,533 | ||||||||
| Stockbrokers fees | 32,708 | 14,654 | ||||||||
| Interest payable | 71 | |||||||||
| Legal and professional | fees | 16,047 | 8,501 | |||||||
| Audit fees | 2,880 | |||||||||
| Accountants' fees |
6,083 | 5,360 | ||||||||
| Independent Examiner's fees |
1,260 | |||||||||
| Administration costs |
11,955 | 6,299 | ||||||||
| 111,818 | 87,424 | |||||||||
| 195,886 | 129,124 | |||||||||
| Total income for the | year | 48,850 | 3,346,864 | |||||||
| Total expenditure for the year |
(195,886) | (129,124) | ||||||||
| Net (expenditure)/income | for the year | (147,036) | 3,217,740 |