| Page No | |||
|---|---|---|---|
| Report ofthe Trustees | 1-8 | ||
| Statement ofResponsibilities | ofthe Trustees | ||
| Independent Auditors |
Report | 10-12 | |
| Statement of Financial | Activities | 13 | |
| Balance Sheet | 14 | ||
| Notes to the Financial | Statements | 15-21 |
| General | Restricted | TOTAL | TOTAL | |||
|---|---|---|---|---|---|---|
| Funds | Funds | FUNDS | FUNDS | |||
| Note | 2022 | 2022 | 2022 | 2021 | ||
| S | E | |||||
| INCOINE AND ENDOWMENTS | ||||||
| Investment Income and Interest |
2 | 238,295 | 238,295 | 219,441 | ||
| EXPENDITURE | ||||||
| Charitable expenditure: |
||||||
| Central Property Costs | 3 | 16,473 | 16,473 | 10,446 | ||
| Grants/Pledges | 4 | 300,877 | 300,877 | 205,670 | ||
| Management and Administration |
ofthe Trust | 5 | 51,838 | 36,500 | 88,338 | 80,688 |
| Total expenditure: | 369,188 | 36,500 | 405,688 | 296,804 | ||
| NET (EXPENDITURE) BEFORE | GAINS/LOSSES | (130,893) | (36,500) | (167,393) | (77363) | |
| ON INVESTMENTS | ||||||
| Net Gains/(losses) on Investment |
assets | 7 | (783,301) | (783,301) | 869,843 | |
| NET MOVEMENT IN FUNDS |
(914,194) | (36,500) | (950,694) | 792,480 | ||
| RECONCILIATION OF FUNDS |
||||||
| FUNDS BROUGHT FORWARD | 7,129,889 | 1,279,500 | 8,409,389 | 7,616,909 | ||
| FUNDS CARRIED FORWARD | 6,215,695 | 1,243,000 | 7,458,695 | 8,409,389 |
| Restricted | |||||
|---|---|---|---|---|---|
| General | Endowment | Total | Total | ||
| Note | Fund | Fund | 2022 | 2021 | |
| FIXEDASSETS | |||||
| Tangible Assets | 6 | 1,243,000 | 1,243,000 | 1,279,500 | |
| Investments: | 7 | 5,988,691 | 5,988,691 | 7,026,769 | |
| TOTAL FIXEDASSETS | 5,988,691 | 1,243,000 | 7,231,691 | 8,306,269 | |
| CURRENT ASSETS | |||||
| Debtors | 8 | 108 | 108 | 914 | |
| Cash at bank and in hand | 9 | 503,203 | 503,203 | 287,470 | |
| 503,311 | 503,311 | 288,384 | |||
| LIABILITIES | |||||
| CREDITORS FALLING DUE WITHIN ONE YEAR |
(206,348) | (206,348) | (159,514) | ||
| NET CURRENT ASSETS | 296,963 | 296,963 | 128,870 | ||
| TOTAL ASSETSLESS CURRENT LIABILITIES |
6,285,654 | 1,243,000 | 7,528,654 | 8,435,139 | |
| CREDITORS: ANIOUNTS | |||||
| FALLING DUE AFTER | 10 | (69,959) | (69,959) | (25,750) | |
| MORE THAN ONE YEAR | |||||
| NET ASSETS | |||||
| 6,215,695 | 1,243,000 | 7,458,695 | 8,409,389 | ||
| THE FUNDS OF THE | |||||
| CHARITY | |||||
| General Fund |
6,215,695 | 6,215,695 | 7,129,889 | ||
| Endowment Fund |
1,243,000 | 1,243,000 | 1,279,500 | ||
| TOTAL CHARITY FUNDS | 6,215,695 | 1,243,000 | 7,458,695 | 8,409,389 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | |||||
| 2. | Investment | Income | |||
| Dividends | 141,865 | 143,196 | |||
| Rent receivable | 92,736 | 75,000 | |||
| Interest receivable | 3,694 | 1,245 | |||
| 8238,295 | f219,441 | ||||
| All investment | income relates to investments | held on recognised | stock exchanges. | ||
| 2022 | 2021 | ||||
| E | E | ||||
| 3. | Central Property Costs | ||||
| Buildings Insurance |
2,471 | 2,306 | |||
| Maintenance | and repairs | 14,002 | 8,140 | ||
| E16473 | E10446 |
| FOR T | HE YEAR | ENDED 31 DECEM | BER 2022 | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | E | |||
| Grants/Pledges | ||||
| Stripey Stork | 45,000 | |||
| Momentum | 40,000 | 7,735 | ||
| I Choose Freedom | 3,000 | 2,000 | ||
| St Dominics | 10,500 | |||
| MERU | 10,000 | 10,000 | ||
| GASP | 34,377 | 10,000 | ||
| Linkable | 30,000 | |||
| Walton Leigh School |
10,000 | |||
| StJohns Primary | 7,000 | |||
| Head 2 Head Theatre | 10,000 | |||
| Busbridge School | 7,500 | |||
| White Lodge | 45,000 | |||
| Delight in Reading |
10,500 | |||
| Brooklands School | 14,835 | |||
| CHIPS (Guildford) | 6,000 | |||
| Jigsaw Trust | 5,000 | 24,000 | ||
| Helen Arkell Trust | 9,500 | |||
| Homestart East Surrey |
31,600 | |||
| Welcare | 21,000 | 7,000 | ||
| Woodlands School |
20,000 | |||
| Homestart Surrey |
85,000 | |||
| F300,877 | 'Z205,670 | |||
| 2022 | 2021 | |||
| E | K | |||
| Management and Administration |
Expenses | |||
| Audit Fees | 3,000 | 3,000 | ||
| Investment Management |
Fees | 38,503 | 40,412 | |
| Depreciation —Restricted | 36,500 | 36,500 | ||
| Professional Fees |
10,055 | |||
| Administrative Expenses |
173 | 776 | ||
| Bank Charges | 107 | |||
| F88,338 | f80,688 |
| Freehold | ||||
|---|---|---|---|---|
| Interest in |
||||
| Land snd | Fixtures & | |||
| Buildings | Fittings | TOTAL | ||
| & | 6 | & | ||
| Cost or Valuation | ||||
| On 1 January 2022 and 31 December 2022 | 1,900,000 | 12,494 | 1,912,494 | |
| Depreciation | ||||
| Brought forward | 1 January 2022 | 620,500 | 12,494 | 632,994 |
| Charge for year | 36,500 | 36,500 | ||
| Carried forward | 31 December 2022 | 657,000 | 12,494 | 669,494 |
| Net Book Value | ||||
| As of31 December 2022 | 1,243,000 | 1,243,000 | ||
| As of31 December 2021 | 1,279,500 | 1,279,500 |
| 7. | Investments | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Market value of Investments | on 1 January 2022 | 7,026,769 | 6,081,908 | ||||
| Add investments purchased |
940,150 | 1,153,668 | |||||
| Less Investments sold |
(1,194,927) | (1,078,650) | |||||
| Add Realised Profits on | Sales | 147,513 | 418,558 | ||||
| Less Unrealised Profit |
(Losses) on Revaluation | on 31 | (930,814) | 451,285 | |||
| December 2022 | |||||||
| Market Value of Investments | on 31 December 2022 | L'5,988,691 | 67,026,769 | ||||
| Investments represent |
listed | securities on recognised | stock exchanges and are |
included as | |||
| fixed assets at their market value. | |||||||
| 2022 | 2021 | ||||||
| 8. | Debtors | 6 | f | ||||
| Interest Receivable | 108 | 914 | |||||
| 9. | Cash at Bank and in Hand | ||||||
| Rathbone Investment |
Management | ||||||
| Capital Account | 348,655 | 57,464 | |||||
| Income Account | 1,196 | 1,567 | |||||
| 349,851 | 59,031 | ||||||
| Others | |||||||
| HSBC Current Account | 66,012 | 54,825 | |||||
| Skipton Building Society | 87,340 | 86,736 | |||||
| Nationwide Building Society |
86,878 | ||||||
| 6503,203 | 6287,470 |
| FOR THE | YEAR ENDED 31 DE | CEMBER 2022 | ||||
|---|---|---|---|---|---|---|
| 10 | Creditors | 2022 | 2021 | |||
| E | 6 | |||||
| Rent received Brokers fees |
in advance | 28,389 9,250 |
17,514 10,200 |
|||
| Audit Donations |
Pledged due within | 1 year | 3,000 165,709 |
3,000 128,800 |
||
| Donations | Pledged due aRer 1 year | 69,959 | 25,750 | |||
| 6276,307 | 6185,264 |