| Address: | 3 Thurnham | Oast, | ||||||
|---|---|---|---|---|---|---|---|---|
| Atdington | Lane | |||||||
| Maidstone | ||||||||
| Kent | ||||||||
| ME14 3LL | ||||||||
| Trustees: | R Law (Chairman) | |||||||
| A Bunting | ||||||||
| R Barton | ||||||||
| J Moore (retired 15March | 2023) | |||||||
| M Startup | ||||||||
| K Movie | ||||||||
| A Adams | ||||||||
| P Jones OBE | ||||||||
| N Clark | ||||||||
| R Piggott (appointed | 15March 2023) | |||||||
| Associate trustees: | E Leitch | |||||||
| N St.John | Paul (appointed | 15March | 2023) | |||||
| Treasurer: | M Startup | |||||||
| Independent | examiner: | BCuddington | FCA | |||||
| Pennine Bower |
||||||||
| 16Lancet | Lane | |||||||
| Maidstone | ||||||||
| Kent ME159RX |
||||||||
| Bankers | Barclays Bank Pic | |||||||
| Maidstone | - | North Kent Group | ||||||
| Leicester | ||||||||
| LE87288 | ||||||||
| Discretionary | Fund | |||||||
| Manager | Rathbone | Investment | Management | Limited | ||||
| 8 Finsbury | Circus | |||||||
| London | ||||||||
| EC2M 7AZ | ||||||||
| Registered | Charity No. | 307891 |
| Unrestricted | Permanent | Total | Total funds | |||
|---|---|---|---|---|---|---|
| Notes | funds | endowment | funds | 31.08.2022 | ||
| INCOME | ||||||
| Investment income |
58,590 | 58,590 | 34,405 | |||
| Total income applied to | ||||||
| unrestricted funds |
84,000 | (84,000) | ||||
| Total income resources | 84,000 | (25,410) | 58,590 | 34,405 | ||
| EXPENDITURE | ||||||
| Charitable activities |
||||||
| Grants for charitable purposes |
83,536 | 83,536 | 99,549 | |||
| Investment management |
fees | 20,497 | 20,497 | 22,964 | ||
| Other charitable expenditure |
3,548 | 3,548 | 4,399 | |||
| Total resources expended | 87,084 | 20,497 | 107,581 | 126,912 | ||
| NET EXPENDITURE BEFORE | ||||||
| INVESTMENT GAINS AND | LOSSES | (3,084) | (45,907) | (48,991) | (92,507) | |
| (LOSSES)/GAINS ON INVESTMENTS | 7,851 | 7,851 | (396,436) | |||
| NET MOVEMENT IN FUNDS |
(3,084) | (38,056) | (41,140) | (488,943) | ||
| TOTAL FUNDS BROUGHT | FORWARD | 20,138 | 2,941,331 | 2,961,469 | 3,450,412 | |
| TOTAL FUNDS CARRIED FORWARD | E17,054 | E2,903,275 | E2,920,329 | E2,961,469 |
| Rowhill School | 1,350 | |
|---|---|---|
| The Countryside | Alliance, Kent | 3,000 |
| Bower Grove School | 2,760 | |
| The Roundhouse | Trust | 3,500 |
| Surrey Care Trust | 4,000 | |
| De La Warr Pavilion | 4,000 | |
| Greatwood Charity |
6,320 | |
| Cycle Community | 3,500 | |
| Cambridge Junction |
2,500 | |
| Leap | 2,500 | |
| Youth and Family | Matter | 3,184 |
| The Chain Reaction Theatre Co. | 4,995 | |
| Free to be Kids | 2,700 | |
| St.Anthony's School |
2,000 | |
| Blue Smile Project | 4,000 | |
| Lyric Theatre | 1,650 | |
| Solent Academies | 5,000 | |
| Kite College | 5,500 | |
| Florish Mentors | 6,477 | |
| Roots 4 Learning | 5,000 | |
| Childrens House |
Montessori | 3,000 |
| Sunbeams | 3,000 | |
| Challenger Troop |
3,600 | |
| E83,536 |
| Unrestricted | Unrestricted | Permanent | |||
|---|---|---|---|---|---|
| Funds | endowment | 31.08.2023 | |||
| Independent | examination | fee | 360 | 360 | |
| insurance | 399 | 399 | |||
| Administration | costs | 2,789 | 2,789 | ||
| E3,548 | E3,548 |
| 31.08.2023 | 31.08.2022 | ||||
|---|---|---|---|---|---|
| Market value | at 1September | 2022 | |||
| Investments | 2,718,621 | 3,345,111 | |||
| Acquisitions | 1,050,667 | 887,914 | |||
| Disposals | (949,922) | (1,117,968) | |||
| Revaluation | to market value | 7,851 | (396,436) | ||
| Market value | at 31August 2023 | 2,827,217 | 2,718,621 | ||
| Cash | 66,058 | 212,710 | |||
| E2,893,275 | E2,931,331 |
| Investments at market value comprised: |
||
|---|---|---|
| 31.08.2023 | 31.08.2022 | |
| Equities | 2,269,892 | 2,173,682 |
| Fixed interest securities | 449,592 | 385,792 |
| Gold | 107,733 | 159,147 |
| Cash | 66,058 | 212,710 |
| E2,893,275 | E2,931,331 |
| Investments that accounted |
for more than 596ofthe total were as follows: | for more than 596ofthe total were as follows: | |
|---|---|---|---|
| 31.08.2023 | 31.08.2022 | ||
| J P Morgan Asset Managers | |||
| UK Equity Care E Net income | 196,225 | 192,428 | |
| Lazard Fund Managers | |||
| UK Omega EA Inc |
175,336 | 162,215 | |
| Ninety One Fund Managers | |||
| Series 1 UK Alpha J net income | 227,551 | ||
| IShares Pic | |||
| Core FTSE100Shares Income | 157,097 | ||
| SPDR Series Trust | |||
| 5&P500 ETF | 209,070 | 189,220 | |
| T Bailey Fund Managers | |||
| Evenlode Income C Income |
181,978 |
| Balance | Balance | (Losses)/Gains on |
Balance | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 01.09.2022 | Income | ~Ex enses | investments | 31.08.2023 | |||||
| Unrestricted | fund | 20,138 | 84,000 | (87,084) | 17,054 | ||||
| Permanent | |||||||||
| Endowment | fund | 2,941,331 | 58,590 | (20,497) | 7,851 | 2,903,275 | |||
| Applied to income | (84,000) | ||||||||
| E2,961,469 | E58,590 | E(107,581) | E7,851 | E2,920,329 | |||||
| Movement | in funds for | the year | ended | 31August | 2022 | ||||
| Balance | Losses on | Balance | |||||||
| 01.09.2021 | Income | ~Ex enses | investments | 31.08.2022 | |||||
| Unrestricted | fund | 40,086 | 84,000 | (103,948) | 20,138 | ||||
| Permanent | |||||||||
| Endowment | fund | 3,410,326 | 34,405 | (22,964) | (396,436) | 2,941,331 | |||
| Applied to income | (84,000) | ||||||||
| E3,450,412 | E34,405 | E(126,912) | E(396,436) | E2,961,469 | |||||
| TOTAL RETURN | |||||||||
| Permanent | Unapplied | Total | |||||||
| endowment | total return | endowment | |||||||
| At 1September | 2022 | ||||||||
| Trust for investment | 2,955,000 | 2,955,000 | |||||||
| Unapplied | total | return | (13,669) | (13,669) | |||||
| Total | 2,955,000 | (13,669) | 2,941,331 | ||||||
| Movements | in reporting period |
||||||||
| Investment | return: dividends and |
interest | 58,590 | 58,590 | |||||
| Investment | return: realised and | unrealised | |||||||
| gains and (losses) | 7,851 | 7,851 | |||||||
| Less: Investment | management | costs | (20,497) | (20,497) | |||||
| Total | 45,944 | 45,944 | |||||||
| unapplied | total | return | allocated | to permanent | |||||
| Endowment in the reporting period |
|||||||||
| Unapplied | total | return | allocated | to income | |||||
| in the reporting | period | (84,000) | (84,000) | ||||||
| Net movement | in the | reporting | period | (38,056) | (38,056) | ||||
| At end ofthe reporting | period | ||||||||
| Trust for investment | 2,955,000 | 2,955,000 | |||||||
| Unapplied | total | return | (51,725) | (51,725) | |||||
| At 31August 2023 | E2,955,000 | E(51,725) | E2,903,275 |