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|Trustees||Mr R EWorby||
|---|---|---|---|
|||Prof JA Williams||
|||Prof H A Spikes||
|||Prof H P Evans||
|Charity number||293571||
|Principal address||1st Floor||
|||Nicholas House||
|||River Front||
|||Enfield||
|||Middlesex||
|||EN1 3FG||
|Independent|examiner|Brian Paul Limited||
|||Chase Green House||
|||42 Chase Side||
|||Enfield||
|||Middlesex||
|||EN2 6NF||
|Bankers||C Hoare &Co.||
|||37 Fleet Street||
|||London||
|||EC4P 4DQ||
|Investment|managers|Investec Wealth|& Investment|
|||30 Gresham
Street||
|||London||
|||EC2V 7QN||
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|---|---|---|---|
|Chairman's
statement||||
|Trustees'
report|||2-3|
|Independent
examiner's||report||
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||7-13|
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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
||||Notes|f|6|
|Income from:||||||
|Investment
income|||2|14,673|119,608|
|E~dlt||||||
|Charitable
activities|||3|189,764|195,886|
|Nst gains/(losses)||on investments|8|(264,029)|(70,758)|
|Nst movement|In|funds||(439,120)|(147,036)|
|Fund balances|at 6 April 2022|||4,606,373|4,753,409|
|Fund balances|at|5April 2023||4,167,253|4,606,373|
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|||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|f||f||
|Fixed assets||||||||||
|Investmsnts|||||10||4,122,420||4,257,259|
|Current assets||||||||||
|Debtors||||||1,644||3,832||
|Cash at bank|and|in|hand|||30,941||17,783||
|Cash with stockbrokers||||||31,100||347,686||
|||||||63,685||369,301||
|Creditors: amounts|||falling due within|||||||
|one year|||||12|(18,852)||(20,187)||
|Nst current assets|||||||44,833||349,114|
|Total assets|less|current liabilities|||||4,167,253||4,606,373|
|Income funds||||||||||
|Unrestricted|funds||||||4,167,253||4,606,373|
||||||||4,167,253||4,606,373|
|Th
nancial|statements|||were approved|by the Trustees|on ........t..||||
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|3|Charitable|activities|||
|---|---|---|---|---|
||||2023|2022|
||||F|f|
||Grant funding
ofactivities (see note 4)||107,933|84,068|
||Support costs (see note 5)||68,650|92,520|
||Governance|costs (see note 5)|13,181|19,298|
||||189,764|195,886|
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|Grants payable||||||
|---|---|---|---|---|---|
|||||2023
f.|2022f|
|Grants:||||||
|The Peter Jest Travel Fund||||34,204|4,935|
|International
Tribology Council||||1,829||
|Alzheimsr's
Reseach
UK||||23,000|23,333|
|St Mungo's||||1,200|1,000|
|The British Rsd Cross Society|||||5,100|
|Science and Technology
Foundation||Trust||9,000|8,000|
|The Trinity Centre, Cardiff|||||1,000|
|Magpas
Air Ambulance|||||1,000|
|Nottingham
University
(Philip Shipway's|||Tribology Research Project)|4,500||
|Institution
of Engineering
and Technology|||- Student sponsorship||11,000|
|Tribo UK annual
conference||||2,000|2,000|
|NF2 Bio Solutions
UK||||25,000||
|Royal National
Institute
for Deaf People|||||25,000|
|Hearing
Dogs for Deaf People||||2,000||
|Ty Hafan Chlldrens'
Hospice||||1,000||
|Arthur
Rank Hospice Charity||||1,000||
|Other organisations
and charities,|all|below f1,000 each||3,200|1,700|
|||||107,933|84,068|
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|Support and|governance|costs||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2023Support|costs|Governance|2022|
|||costs|costs|||costs||
|||f||||f||
|Staff costs||21,073||21,073|21,656||21,656|
|Rent and rates||3,774||3,774|3,773||3,773|
|Insurance||1,364||1,364|707||707|
|Computer costs||101||101|301||301|
|Office supplies||38||38|23||23|
|Telephone||1,306||1,306|488||488|
|Bank charges||3,708||3,708|430||430|
|property expenses|||||16,316||16,316|
|Stockbrokers|fees|37,286||37,286|32,708||32,708|
|Interest payable|||||71||71|
|Legal and professional
fees|||||16,047||16,047|
|Accountants'|fees||8,332|8,332||6,083|6,083|
|Independent
fees|Examiner's||1,314|1,314||1,260|1,260|
|Administration|costs.||3,535|3,535||11,955|11,955|
|||68,650|13,181|81,831|92,520|19,298|111,818|
|Allocated to:||||||||
|Charitable
activities||68,650|13,181|81,831|92,520|19,298|111,818|
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|||2023|2022|
|---|---|---|---|
|||Number|Number|
|Administration|staff|||
|Employment|costs|2023f|2022
F|
|Wages and salaries
Pension costs||20,660
413|21,243
413|
|||21,073|21,656|
|2023|2022|
|---|---|
|F|f|
|(264,029)|(70,758)|
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|Fixed ass|et investments||
|---|---|---|
|||Listed|
|||investments|
|||f|
|Cost or valuation|||
|At 6April 2022||4,257,259|
|Additions||1,109,132|
|Valuation|changes|(335,505)|
|(3isposats||(908,466)|
|At 5 April|2023|4,122,420|
|Carrying|amount||
|At 05 April|2023|4,122,420|
|At 05 April 2022||4,257,259|
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|11|Debtors||||||||
|---|---|---|---|---|---|---|---|---|
||Amounts|falling due within one||year:|||2023
f|2022f|
||Other debtors||||||1,644|3,832|
|12|Creditors: amounts||falling due within||one|year|||
||||||||2023|2022|
||||||||f|6|
||Other creditors||||||18,852|20,187|
|13|Analysis|ofnet assets between||funds|||||
||||||||Unrestricted|Unrestricted|
||||||||funds|funds|
||||||||2023|2022|
||||||||f|f|
||Fund balances at 5 April 2023 are represented|||||by:|||
||Investments||||||4,122,420|4,257,259|
||Current|assets/(liabilities)|||||44,833|349,114|
||||||||4,167,253|4,606,373|
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|||||||2023
6||2022f|
|---|---|---|---|---|---|---|---|---|
|INCOME|||||||||
|Investment
income|||||||||
|Income from managed||funds||||86,149||38,443|
|Realised profit/(loss)||on sale of investments||||(71,476)||81,165|
|Donations
and legacies|||receivable||||||
|Legacies receivable|||||||||
|Donation|||||||||
|Other recognised|gains||and losses||||||
|Unrsalised
losses on||investment||assets||(264,029)||(70,758)|
|||||||(249,356)||48,850|
|EXPENDITURE|||||||||
|Grants payable
in|furtherance|||ofthe Foundation's|objects||||
|Grants and donations||paid during||the year||107,933||84,068|
|Support and governance|||costs||||||
|Staff costs|||||21,073||21,656||
|Rent and rates|||||3,774||3,773||
|Insurance|||||1,364||707||
|Computer costs|||||101||301||
|Office supplies|||||38||23||
|Telephone|||||1,306||488||
|Bank charges|||||3,708||430||
|Property expenses|||||||16,316||
|Stockbrokers fess|||||37,286||32,708||
|Interest payable|||||||71||
|Legal and professional||fees|||||16,047||
|Accountants'
fess|||||8,332||6,083||
|Independent
Examiners fees|||||1,314||1,260||
|Administration
costs|||||3,535||11,955||
|||||||81,831||111,818|
|||||||189,764||195,886|
|Total income for the|year|||||(249,356)||48,850|
|Total expenditure
for the year||||||(189,764)||(195,886)|
|Net expenditure
for||ths|year|||(439,120)||(147,036)|