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2024-04-05-accounts

Docusign EnvelopÈ ID." B699092B47314BAD-96C&4FBC9DOC435E Carllon House Charilable Trust (Charity Registralion Number: 296791) Unaudlted Report and Flnanclal Statemenls for the year ended 51h Aprll 2024

Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Index

Page

1-5 Trustees' Annual Report
6 Independent Examination Report
7 Statement of Financial Activities
8 Balance Sheet
9-15 Notes to the Accounts (including Accounting Policies)

Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Trustees' Annual Report

The Trustees of the Carlton House Charitable Trust have pleasure in submitting their Annual Report and Financial Statements for the year ended 5th April 2024.

Objectives and Activities of the Charity

The Trust's objectives in accordance with the charity's governing document are to apply the funds for the advancement of education or otherwise for such exclusively charitable purposes as the Trustees in their absolute discretion determine. This includes applying the funds for the purposes of promotion, facilitation advancement, development and / or the support of:

To fulfil these objectives for the public benefit the Trustees make donations to registered charities in the UK and overseas and to educational bodies from incoming resources which are mainly generated by its investments the trustees consider to be expendable endowment funds. Scholarships and bursaries may also be awarded for educational purposes. Fund raising activities are not normally carried out.

The Trustees hold Expendable Endowment and Unrestricted Funds which are fully available to meet the charity's objectives.

The Trustees have complied with s17(5) of Charities Act 2011 and have had due regard to the guidance issued on Public Benefit by the Charity Commission when exercising relevant powers or duties.

Achievements and Performance

The Trustees undertook a review of the administration of the Charity and resolved to strengthen this by engaging with an administrator at Rathbones. Work is underway to reconsider an application and evaluation process and the administrator is working with the Trustees to formularise this.

Grant making:

During the year the Trustees resolved to make donations which are detailed in the Notes to the Accounts.

Financial Review

Review of the Activities of the Charity:

Income from investments and interest totalled £45,777 (£45,576 in 2023) with £7,766 (£7,713 in 2023) being spent raising the funds in the form of investment management costs. Total funds applied directly towards charitable purposes were £15,706 (£14,418 in 2023).

The SOFA includes net gains and losses arising on revaluations and disposals of investments during the year. After taking net gains arising of £58,147 (losses of £139,953 in 2023) into account, there

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Trustees' Annual Report

was a net increase in funds for the year ended 5th April 2024 of £80,452 (decrease of £116,508 in 2023).

The Trustees held £1,905,738 of Funds as at 5th April 2024, of which £248,763 was Unrestricted Funds of income, represented primarily by cash and £1,656,975 of Expendable Endowment capital represented by investments and cash held. This compares to 5th April 2023 with Funds held totalling £1,825,286 of which £218,692 represented income and £1,606,594 represented capital.

The Trustees are satisfied they have sufficient funds to meet with their ongoing objectives and will continue to regularly review the position.

Reserves:

General reserves are unrestricted income funds, freely available to spend on furthering the charity's purposes. General reserves are those which remain after the Trustees have set aside amounts required for specific purposes, such as designated funds. Restricted Funds, Expendable Endowment and Permanent Endowment are excluded when Trustees consider the Reserves of a Charity.

It is not the intention of the Trustees to build up income reserves, with all funds being available for spending at the Trustees' discretion. The Trustees consider designating funds if supporting multi-year charitable projects, but all donations continue to be subject to review and approval. The Trustees liaise with the investment manager regularly to ensure they are aware of any forward commitments, which are then taken into account when managing the Charity's investments and transfers made between Expendable Endowment and Restricted Income as necessary. Accordingly, the Trustees consider the balance of Unrestricted Income Funds held at the financial year-end to be General Reserves.

Investments:

As there are no specific restrictions of investment powers under the governing deed, the Trustees have full discretion over the investments. The Trustees have delegated Rathbone Investment Management to have full discretionary day to day control of the investments. In accordance with the Trustee Act 2000, as this duty has been delegated, the Trustees have established a Policy Statement with the investment manager, which is regularly reviewed.

Most of the Trustees' capital is invested on the stock market. The value of the Trust's portfolio as at 5th April 2024 totalled £1,641,119 compared with £1,500,895 as at 5th April 2023. The Trustees have reviewed the position and are satisfied with the performance.

Risk Assessment

The Charity Trustees have given consideration to the major risks to which the charity is exposed and are satisfied that systems or procedures are established in order to manage those risks (Charities Accounts and Reports) Regulations 2008). After considering the areas of governance, operational, financial, environmental and compliance, the Trustees have identified that major negative fluctuations in the value of the charity's investment assets pose a major risk to the Charity's funds. In order to mitigate this risk and in accordance with s15 Trustee Act 2000 the Trustees have established a Policy Statement to be adhered to the Investment Manager, which shall be reviewed at least annually in line with investment performance. Trustees will review risks to which the charity is exposed and monitor systems and procedures established to mitigate those risks on a regular basis.

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Trustees' Annual Report

Structure, governance and management

Carlton House Charitable Trust is a registered charity. Its governing body are the Trustees appointed by original settlement deed dated 23rd December 1986 and supplement deed of settlement dated 15th April 1987.

There are to be no less than two Trustees and power of appointing New Trustees is vested in the settlors during their lifetime. New Trustees are appointed by Deed or Resolution of a meeting of the Trustees. They are selected with regard to the skills, knowledge and experience needed for the effective administration of the Charity. A memorandum recording the appointment of a new Trustee shall be signed by each Trustee. A Trustee may retire by giving 3 months notice in writing to the Trustees. Upon expiration of the notice the Trustee shall be discharged.

Procedures have not been adopted for the induction and training of Trustees but all ensure they continue to operate within current guidelines by discussing all issues arising as advised by the Charity Commission and Rathbones Trust Company Limited during their meetings.

In accordance with the settlement deed, there shall be an Annual General Meeting of the Charity and minutes should be kept. At the meeting performance, requests for funding, policies, procedures and other matters arising are considered and discussed.

Decisions relating to grant making are primarily undertaken by the family Trustees, assisted by the Administrator. As planned, the Trustees agreed upon a more effective system of grant making during the year and are pleased that this has now been put in place. Rathbones Trust Company continues to take primary responsibility for compliance matters.

The Trustees were again unable to meet in person due to health restrictions, however, decisions have been made by regular telephone conversation. The charity's governing document does not contain a requirement that all meetings be held in person and so the Trustees will continue to use such method of communication as is agreed by the attendees at that time.

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Trustees' Annual Report

Reference and administrative details of the Charity, its Trustees and Advisors

Registered No: 296791 Principal office: C/o Rathbones Trust Company Limited, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW Trustees who served Fiona Ann Stein (Chairman) during the year and Pearl Gelda Cohen on the date the Rathbones Trust Company Limited report was approved:

The individuals who are directors of Rathbones Trust Company Limited at the date the report was signed:

Robert Paul Stockton Trevor Harris Alexander Richmond James Stephen Hurrell Bruce Robert Newbigging Kerry Roberts Accounts and Tax: Rathbones Trust Co. Ltd, Port of Liverpool Building, Pier Head, Liverpool, L3 1NW Independent Sarah Spencely BSc CTA, C/o Lime Tree Cottage, Outlands Lane, Curdridge, Examiner: Southampton, SO30 2HD Investments: Rathbones Investment Management Ltd, 30 Gresham Street, London, EC2V 7QN Bankers: Rathbones Investment Management Ltd, 30 Gresham Street, London, EC2V 7QN HSBC, 455 Strand, London, WC2R 0RH

Plans for the Future

The Trustees are satisfied that updated practices and policies are sufficient for the Charity to meet with its aims to increasing the level of donations being made currently, subject to a review of the net Income position at the time of each discussion.

Statement of Trustees' responsibilities for the annual accounts

The Trustees are responsible for preparing a Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Trustees' Annual Report

incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Declaration

The Trustees declare that they have approved the Trustees' Annual Report above.

05 February 2025 | 4:54 PM GMT Approved by the Board of Trustees and signed on their behalf on ____

Rathbones Trust Company Limited

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Independent Examiner's Report

Independent Examiner's report to the Trustees of the Carlton House Charitable Trust (296791)

I report to the trustees on my examination of the accounts of the accounts of the above charity ("the Trust") for the year ended 5th April 2024, which are set out on pages 7 to 15.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the

requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sarah Spencely BSc CTA Date Lime Tree Cottage, Outlands Lane, Southampton, SO30 2HD

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Statement of financial activities

----- Start of picture text -----
Expendable Unrestricted Total Total
Notes Endowment Funds 2024 2023
£ £ £ £
Income from:
Investments 4 0 40,595 40,595 43,605
Other Income 5 0 5,182 5,182 1,971
Total Income 0 45,777 45,777 45,576
Expenditure on:
Raising Funds 6 7,766 0 7,766 7,713
Charitable Activities 7 0 15,706 15,706 14,418
Total Expenditure 7,766 15,706 23,472 22,131
Net gains / (losses) on investments 10 58,147 0 58,147 (139,953)
Net movement in funds for the year 50,381 30,071 80,452 (116,508)
Balance at 6th April 2023 1,606,594 218,692 1,825,286 1,941,794
Balance as at 5th April 2024 1,656,975 248,763 1,905,738 1,825,286
----- End of picture text -----

The notes included on pages 9 to 15 form an integral part of these financial statements.

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Balance Sheet as at 5th April 2024

Notes
Fixed Assets
Investments at Market Value
10
Total Fixed Assets
Current Assets
Debtors
11
Cash at bank and on deposit
12
Total current assets
Less:
Liabilities
Creditors: amounts falling due
within one year
13
Net current assets (liabilities)
Net assets as at 5th April 2024
Funds
15
Balance as at 6th April 2023
Net movement in funds during the year
Total Funds as at 5th April 2024		 Expendable Unrestricted
Total
Endowment
Funds
2024
£
£
£
1,641,119
0
1,641,119
1,641,119
0
1,641,119
0
3,420
3,420
17,849
257,413
275,262
17,849
260,833
278,682
1,993
12,070
14,063
15,856
248,763
264,619
1,656,975
248,763
1,905,738
1,606,594
218,692
1,825,286
50,381
30,071
80,452
1,656,975
248,763
1,905,738		 Total
2023
£
1,500,895
1,500,895
3,984
330,753
334,737
10,346
324,391
1,825,286
1,941,794
(116,508)
1,825,286

05 February 2025 | 4:54 PM GMT

Approved by the Board of Trustees and signed on their behalf on ______

Rathbones Trust Company Limited

The notes included on pages 9 to 15 form an integral part of these financial statements.

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Notes to the Accounts

1 Charity Information

The Carlton House Charitable Trust is governed by a Settlement Deed dated 23rd December 1986 and registered in England and Wales. The principal address is C/o Rathbones Trust Company Limited Port of Liverpool Building, Pier Head, Liverpool, L3 1NW.

The charity is a Public Benefit Entity as defined by FRS 102.

2 Accounting Policies

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (second edition - October 2019 - effective 1 January 2019).

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared on the historical cost convention, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below.

The charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

Going Concern

The Trustees have assessed whether the use of Going Concern is appropriate and have concluded that charity has adequate resources and reserves to enable it to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern and thus the Trustees continue to adopt the ‘going concern’ basis of accounting in preparing the financial statements.

Charitable Funds

The charity holds Unrestricted Funds which are available for use at the discretion of the charity in furtherance of its charitable objectives unless the funds have been designated for other purposes.

Unrestricted Funds of capital have been classified as Expendable Endowment Funds in these accounts.

The charity holds Endowment Funds which are expendable and primarily for income generation. The fund increases or decreases in line with the investment valuation. Transfers from the endowment fund are carried out as necessary by the trustees.

Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income Tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Notes to the Accounts

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

All dividend income is recorded net and includes tax deducted only when it is repayable to the Charity.

Expenditure

Expenditure is recognised when there is a legal or constructive obligation for which it is more likely than not that a transfer of economic benefit will be required in settlement and the amount can be reliably measured as at the reporting date. A constructive obligation exists where the charity has communicated the commitment to provide particular goods, services or funding to the recipient by the reporting date and there are no conditions attached to its payment falling due after the reporting date.

Cash grants made are recognised when paid.

Provisions for liabilities must be recognised when either the timing or the amount of future expenditure required to settle the obligation is uncertain. These are distinguished separately on the balance sheet. If a transfer of resources in no longer required, provisions are reversed and charged to the SoFA. Governance costs Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Investments

Investments held in the fund are included at their market value as follows:

Investments are classified as a fixed asset except and only classified as a current asset where the intention of the trustees is to dispose of the asset and not reinvest the proceeds.

Other recognised Gains and Losses

Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost and are charged or credited to the Statement Of Financial Activities in the year of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities resulting from revaluing investments to market value at the Balance Sheet date.

Taxation

The charity is not liable to income or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or the expense to which it relates.

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Notes to the Accounts

Cash and cash equivalents

Cash at bank and in hand is held to meet short-term cash commitments as they fall due rather than for investment purposes. Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or service that have been acquired in the ordinary course operations from suppliers. Amounts payable are classified as current liabilities if payment is due within year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Notes to the Accounts

3 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4 Investment Income
Fixed Interest
UK Equities
Unit Trust Income
Unit Trust Interest
Other Income
Foreign Income
Foreign Interest
Excess Reportable Income
5 Other Income
Bank interest
6 Raising Funds
Rathbones Investment Management		 2024
£
6,911
9,167
7,918
4,889
0
6,057
5,046
607
40,595
2024
£
5,182
5,182
2024
£
7,766
7,766		 2023
£
6,287
15,651
9,598
7,111
667
3,356
935
0
43,605
2023
£
1,971
1,971
2023
£
7,713
7,713

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Notes to the Accounts

7 Charitable Activities
Grant making:
Donations to Institutions:
HGS Heritage
United Synagogue
Western Marble Arch Synagogue
Other donations of between £50-£1,000
Total Grants
Unpresented cheques written back
Net Total Grants
Administration and support costs
Governance costs (note 8)
Total Charitable Activities
8 Governance Costs
Accounts & Annual Return fee
Independent Examination fee
Independent Examination - Prior year overprovision		 2024
£
0
1,066
1,105
8,842
11,013
(100)
10,913
1,893
2,900
15,706
2024
£
2,400
600
(100)
2,900		 2023
£
1,000
0
904
8,431
10,335
(850)
9,485
1,893
3,040
14,418
2023
£
2,340
700
0
3,040

9 Remuneration and Other Information

The charity has no employees and none of the Trustees received any remuneration or were reimbursed expenses during the period.

The charity had no employees during this or the previous financial year. The trustees are also the

charity's key personnel.

Payments of £4,200 (£4,140 in 2023) are due to Rathbones Trust Company for professional services provided only. This is in accordance with powers bestowed by clause 3.1 of the settlement deed dated 3 May 2012.

10 Investments

Listed:
Overseas Bonds
Fixed Interest
Unit Trust
REIT
Equities		 Value at
Purchases
Sales
Realised
Unrealised
Value at
06/04/23
at cost
proceeds
Gains
Gains 05/04/2024
£
£
£
£
£
£
346,485
145,781
(96,871)
(1,990)
47,378
440,783
241,675
342,079
(143,749)
435
9,061
449,501
351,245
22,538
(166,334)
3,629
4,873
215,951
10,378
0
0
0
2,904
13,282
551,112
139,905
(161,272)
1,709
(9,852)
521,602
1,500,895
650,303
(568,226)
3,783
54,364
1,641,119

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Notes to the Accounts

11 Debtors and prepayments
Other Debtor
Investment Income receivable
12 Cash at bank and in hand
Cash
13 Creditors: amounts falling due within one year
Rathbones Investment Management
Rathbones Trust Company Ltd
Rathbones Trust Company Ltd - prior years
Independent Examiner
Independent Examiner - prior years
Unpresented cheques
14 Financial Instruments
Expendable
Endowment
2024
£
Carrying amount of financial assets
Debt instruments receivable within one year
- Debtors
0
- Cash
17,849
17,849
Carrying amount of financial liabilities
Payable within one year
- Creditors
1,993
Instruments measured at fair value
Investments at value
1,641,119		 2024
2023
£
£
200
200
3,220
3,784
3,420
3,984
2024
2023
£
£
275,262
330,753
275,262
330,753
2024
2023
£
£
1,993
1,926
4,200
4,140
6,420
2,280
600
700
600
1,200
250
100
14,063
10,346
Unrestricted
Total
Total
Funds
Funds
Funds
2024
2024
2023
£
£
£
3,420
3,420
3,984
257,413
275,262
330,753
260,833
278,682
334,737
10,077
14,063
10,346
0
1,641,119 1,500,895

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Docusign Envelope ID: B699092B-6731-4BAD-96CB-4FBC9D0C435E

Carlton House Charitable Trust Unaudited Report and Financial Statements for the year ended 5th April 2024

Notes to the Accounts

15 Movements between
Expendable
Endowment
Unrestricted funds
of Income
Total funds		 funds
06/04/23
Income
Expenditure Gains /(Losses)
Transfers
05/04/24
£
£
£
£
£
£
1,606,594
0
7,766
58,147
0
1,656,975
218,692
45,777
15,706
0
0
248,763
1,825,286
45,777
23,472
58,147
0
1,905,738

16 Related Party Transactions

Interests with other charitable organisations are always properly declared and acknowledged during determination of applications. In these circumstances the person with the related party interest does not participate in the decision other than to clarify facts.

There were no related party transactions during this or the previous financial year that require disclosure apart from those detailed in note 9.

17 Comparative Statement of financial activities
Income from:
Investments
Other Income
Total Income
Expenditure on:
Raising Funds
Charitable Activities
Total Expenditure
Net gains / (losses) on investments
Net movement in funds for the year
Balance at 6th April 2022
Balance as at 5th April 2023		 Expendable
Unrestricted
Total
Endowment
Funds
2023
£
£
£
0
43,605
43,605
0
1,971
1,971
0
45,576
45,576
7,713
0
7,713
0
14,418
14,418
7,713
14,418
22,131
(139,953)
0
(139,953)
(147,666)
31,158
(116,508)
1,754,260
187,534
1,941,794
1,606,594
218,692
1,825,286

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