| Endowment | Restricted Unrestricted Total | Restricted Unrestricted Total | Restricted Unrestricted Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds Funds | 2023 | 2022 | ||
| INCOMING RESOURCES | |||||
| Donations, Legacies and Similar | |||||
| Resources: | |||||
| Legacies | 245,710 | ||||
| Donations | 100 | ||||
| Investment income: | |||||
| Dividends | 40,135 | 9,509 | 49,644 | 36,447 | |
| Interest on bank deposits | 108 | 108 | 2 | ||
| Total Incoming Resources | £- | £40,135 | £9,617 | £49,752 £282,259 | |
| RESOURCES EXPENDED | |||||
| Direct charitable expenditure: | |||||
| Grants CNote 2) | 71,580 | 7,813 | 79,393 | 15,837 | |
| Other expenditure: | 26,106 | 26,106 | 4,610 | ||
| Management and administration | |||||
| (Note 3) | L624_ | 1,624 | _3^48 | JJ23 | |
| Total Resources Expended | £26,106 | £73,204 | £9,437 | £108,747 | £23,570 |
| NET INCOME/(EXPENDITURE) | |||||
| BEFORE INVESTMENT GAINS/ | |||||
| FLOSSES) £(26,106) £(33,069) £180 | £(58,995) £258,689 | ||||
| NET GAINS/fLOSSES) | |||||
| ONINVESTMENT ASSETS | £(118,271) | £(118,271) £77,546 | |||
| NET INCOME/EXPENDITURE | |||||
| ANDNETLMOVEMENT IN | |||||
| FUNDS FOR THE YEAR | £(144J77) £(-33.069) | £180 £f 177.266) | £336.235 | ||
| Fund balances brought forward | £2,433,866 | £40,546 | £9,506 £2,483,918 £2,147,683 | ||
| FUND BALANCES CARRIED | |||||
| FORWARD £2,289,489 £7,477 | £9,686 £2,306,652 £2,483,918 |
| 2023 | 2022 | |
| FIXED ASSETS | ||
| Investments (Note 4) | £2,293,092 | £2,465,151 |
| CURRENT ASSETS | ||
| Lloyds Bank Pic - Business Call Account | 69,969 | 19,661 |
| Current Account | 658 | -L685 |
| 70,627 | 27,346 | |
| CREDITORS: | ||
| amounts due within one year (Note 5a) | 35,984 | 8,579 |
| NET CURRENT ASSETS | £34,643 | £18,767 |
| CREDITORS | ||
| Amount due after one year (Note 5b) | £21,083 | £0 |
| NET ASSETS | £2,306,652 | £2,483,918 |
| CAPITAL FUNDS | ||
| Endowment Funds (Note 10) | 2,289,489 | 2,433,866 |
| INCOME FUNDS | ||
| Restricted Funds (Note 11) | 7,477 | 40,546 |
| Unrestricted Fund | 9,686 | 9,506 |
| £2,306,652 | £2,483,918 | |
| / Approved by the Board of Trustees on 4^ ^5'^>lAe:/2ca^- |
||
| and signed on its behalf by: | ||
| Mr M Field (Chairman) | ||
| c / | ||
| Mr M Purser CVice-Chairman) ........t4.^ |
| 2023 2022 |
|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
| Net cash (used in) operating activities (Note 1) £(6,471) £(37,439) |
| CASH FLOWS FROM INVESTING ACTIVITES: |
| Income from listed investments 49,644 36,447 |
| Interest Received 108 2 |
| CASH PROVIDED BY INVESTING ACTUATES £49,752 £36,449 |
| DECREASE IN CASH AND |
| CASH EQUIVALENTS IN THE YEAR £43,281 £(990) |
| CASH AND CASH EQUIVALENTS AT THE |
| BEGINNING OFTHE YEAR £27,346 £28,336 |
| CASH AND CASH EQUIVALENTS ATTHE |
| END OF THE YEAR £70,627 £27,346 |
| Note 1 - Reconciliation of net expenditure to net cash flow from operating activities |
| Net income/(outgoings) for the reporting period (177,266) 3 3 6,45 5 |
| Adjustments for: |
| Investment assets acquired from legacy - (1,120,000) |
| (Gains)/losses on investments 118,271 (77,546) Dividends and interest from investinents (49,752) (36,449) |
| (Decrease)/increase in creditors 48,488 120 |
| (Increase)/decrease in debtors - 860,000 |
| Expenses paid from investments 2 3 |
| Income reinvested - (22) Released from invesbnents 53,786 |
| £(6,471) £(37,439) |
| 2 | Grants Payable | |||||
|---|---|---|---|---|---|---|
| Number 2023 Value | Number | 2022 Value | ||||
| Payable to institutions 2 Paid to individuals 9 |
4,363 26,698 |
28 | 1,423 14,412 |
|||
| Payable to individuals (future commitments) 5 | 48.332 | 0 | ||||
| The following material grants were made to | ||||||
| institutions:- | ||||||
| Neale-Wade Academy | 1,200 | |||||
| 20 Twenty Productions | 4,140 | |||||
| Other unanalyzed grants | 223 | 223 | ||||
| Total grants payable to institutions | ||||||
| 3 | Management and Administration Costs | |||||
| 2023 | 2022 | |||||
| Accountants' Fees | 2,946 | 2,820 | ||||
| Investment managers' fees | 2 | 3 | ||||
| Clerk's Salary and expenses | 300 | 300 | ||||
| 4 Fixed Asset Investments | Listed | investments | Investment | Cash | ||
| Property | ||||||
| Fair Value at 31 March 2022 | 1,338,266 | 1,126,799 | 86 | |||
| Add: additions during the period | 545,397 | |||||
| Less: disposals at carrying value | (36,353) | (564,183) | ||||
| Add: transfer in in the period | 80 | (80) | ||||
| Management fees | (2) | |||||
| Net gain on revaluation at 31 March 2023 | fl 14,302) | |||||
| Fair Value as at 31 March 2023 | £1,733,088 | £560,000 | 4 | |||
| Historical Costs as at 31 March 2023 | £1,415,837 | 4 | ||||
| Analysis of investments | Fair | value at v/e | ||||
| less impairment Deemed Cost | Cost | |||||
| Cash or cash equivalents | 4 | |||||
| Investanent Property | 560,000 | |||||
| Listed investments | 1.733.088 | |||||
| Grand Total | £1,733,088 | £560,000 | £4 |
| 5a Creditors | 2023 | 2022 |
|---|---|---|
| Amounts due within one year: | ||
| Accrual | £1,716 | £1,560 |
| Tax liability in relation to investment property | ||
| Transferred to the charity | £7,019 | £7,019 |
| Scholarship Awards | £27.249 | |
| £35,984 | £8,579 | |
| 5b Amount due after one year | ||
| Scholarship Awards | £21,083 | £0 |
| ndowment Funds | |||
|---|---|---|---|
| At | Outgoing Gains |
At | |
| 1.4.2022 | Resources and losses |
31.3.2023 | |
| MEF Endowment Fund | 333,674 | (12,721) | 320,953 |
| G & P Brewm Scholarship Fund | 2.100,412 | f26J06) (-105,550) | 1,968,536 |
| 2,434,086 | (26,106) (118,271) | 2,289,489 |
| At Incoming Outgoing At |
|---|
| 1.4.2022 Resources Resource Tfr 31.3.2023 |
| March Silver Jubilee Scholarship Fund 377 120 497 |
| G & P Brewin Scholarship Fund - Income 40,169 G & P Brewin Scholarship Fund - Capital 0 40,015 73,204 (6,980) 0 0 0 6,980 6,980 |
| £40,546 £40,135 £73,204 0 £7,477 |