| Page | |||
|---|---|---|---|
| Tmst information | 2-3 | ||
| Tmstee repoit | 4-7 | ||
| Independent examiner's |
report | ||
| Statement offinancial | activities | ||
| Balance sheet | 10 | ||
| Notes to the financial | statements | 11-20 |
| 2023 | 2023 | 2023 | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||||
| funds | fund | funds | funds | funds | |||||||
| Note | f. | f. | |||||||||
| Income nnd endoivments | from: | ||||||||||
| Voluntary income |
2 | 20,000 | 20,000 | 20,000 | |||||||
| Investment income |
3 | 31,733 | 31,733 | 28,274 | |||||||
| Total income | 31,733 | 20,000 | 51)733 | 48,274 | |||||||
| Expenditure on: |
|||||||||||
| Investment management |
costs | 4 | 6,391 | 6,391 | 7,214 | ||||||
| Charitable activities |
5 | 32,319 | 17,622 | — | 49,941 | 52,906 | |||||
| Total expenditure | 32,319 | 17,622 | 6,391 | 56,332 | 60,120 | ||||||
| Net income/(expenditure) | |||||||||||
| before investment | gains | and | lasses | (586) | 2,378 | (6&391) | (4,599) | (11,846) | |||
| Net unrealised and |
realised (losses)/gains | ||||||||||
| on investments | 6 | (122,612) | (122)612) | 93,718 | |||||||
| Net (loss)/income | and movement | in funds | (586) | 2,378 | (129,003) | (127,211) | 81,872 | ||||
| Total funds brought | forward | at I | April | 35,740 | 3,316 | 1,474,576 | 1,513,632 | 1,431,760 | |||
| Total funds carried forwnrd | at | 31March | 35,154 | 5,694 | I)345,573 | 1,386,421 | 1,513,632 |
| Balance | sheet | — | at 31March Z02 | 3 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | ||||||
| Note | f. | ||||||||
| Fixed assets | |||||||||
| Investment portfolio at |
market value | 1,341&408 | 1,470,570 | ||||||
| Current assets |
|||||||||
| Debtors | 7,670 | 4,265 | |||||||
| Stock | 751 | 938 | |||||||
| Cash on deposit | |||||||||
| Cash at bank and in hand | 43,094 | 61,894 | |||||||
| 51,515 | 67,097 | ||||||||
| Creditors: | Amounts | falling due | |||||||
| within | one | year | (6,502) | (24,035) | |||||
| Net current | nssets | 45,013 | 43,062 | ||||||
| Total nct assets | 1,386,421 | 1,513,632 | |||||||
| Represented | by: | ||||||||
| Funds and | reserves | ||||||||
| Permanent endowment |
funds | 9 | 1,198,362 | 1,313,211 | |||||
| Expendable | endowment | fund | 10 | 147,211 | 161,365 | ||||
| 1,345&573 | 1,474,576 | ||||||||
| Restricted fund |
5,694 | 3,316 | |||||||
| Unrestricted | funds: | ||||||||
| Designated | fund | 12 | |||||||
| General fund | 13 | 35,154 | 35,740 | ||||||
| 35,154 | 35,740 | ||||||||
| Total funds | 1,386,421 | 1,513,632 |
| 2023 | 2023 | 2023 | 2023 | |||
|---|---|---|---|---|---|---|
| Unrestricled | Restricted | Endowment | Total | |||
| funds | fund | funds | fundsf | |||
| 2. | Voluntary | income - 2023 | ||||
| Grants received | 20)000 | 20,000 | ||||
| Donations | ||||||
| 20,000 | 20,000 |
| 2022 | 2022 | 2022 | 2022 | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| funds | fund | funds | funds | ||
| Voluntary | income - 2022 | ||||
| Grants received | 20,000 | 20,000 | |||
| Donations | |||||
| 20,000 | 20,000 |
| 2023 | 2023 | 2023 | 2023 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| funds | fund | funds | funds | |||
| f. | ||||||
| Investment | income - 2023 | |||||
| Dividends | and distributions | from | ||||
| investment | portfolio | 27,870 | 3,435 | 31,305 | ||
| Interest on | cash on deposit | and at bank | 428 | 428 | ||
| 28,298 | 3,435 | 31,733 |
| Investment | in | come(conti | nu | ed) | ||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2022 | |||||
| Unrestricted | Restricted | Endowment | Total | |||||
| funds | fund | funds | funds | |||||
| 5 | ||||||||
| Investment | income - 2022 | |||||||
| Dividends | and | distributions | ftum | |||||
| investment | portfolio | 25,164 | 3,101 | 28,265 | ||||
| Interest on | cnsh on deposit | and at bank | 9 | 9 | ||||
| 25,173 | 3,101 | 28,274 | ||||||
| 2023 | 2023 | 2023 | 2023 | |||||
| Unrestricted | Restricted | Endowment | Total | |||||
| funds | fund | funds | funds | |||||
| 8 | f. | |||||||
| Investment | management | costs - 2023 | ||||||
| investment | management | fees | 6i391 | 6,391 | ||||
| 2022 | 2022 | 2022 | 2022 | |||||
| Unrestricted | Restricted | Endowment | Total | |||||
| funds | fund | funds | funds | |||||
| f. | ||||||||
| Investment | management | costs - 2022 | ||||||
| Invesnnent | management | fees | 7,214 | 7,214 | ||||
| 2023 | 2023 | 2023 | 2023 | |||||
| Unrestricted | Restricted | Kndowment | Total | |||||
| funds | fund | funds | funds | |||||
| f, | f. | |||||||
| Charitable | activities - 2023 | |||||||
| Grants payable | 26,165 | 17,622 | 43,787 | |||||
| Support costs: | ||||||||
| Staff costs | 4,312 | 4,312 | ||||||
| Bank fees | 72 | 72 | ||||||
| ITcosts | 145 | 145 | ||||||
| Travelling | expenses | 155 | 155 | |||||
| Professional | fee | 1,470 | 1,470 | |||||
| 32,319 | 17,622 | 49,941 |
| 2022 | 2022 | 2022 | 2022 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endovvment | Total | |||
| funds | fund | funds | funds | |||
| f | f. | f. | ||||
| Charitable | activities - 2022 | |||||
| Grants payable | 22,632 | 24,730 | 47,362 | |||
| Support costs: | ||||||
| Staff costs | 3,880 | 3,880 | ||||
| Bank fees | 96 | 96 | ||||
| Travelling | expenses | 248 | 248 | |||
| Professional | fee | 1,320 | 1,320 | |||
| 28,176 | 24,730 | 52,906 |
| 2023 | 2022 | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| Fixed nssets —investment | portfolio | ||
| Market value at 1 April 2022 | 1,470,570 | 1,383,962 | |
| Add.'Purchases at cost |
172,602 | 163,310 | |
| Less; Sales pmceeds | (216,116) | (173,838) | |
| Net realised gains | (1,234) | 37,175 | |
| Net unrealised gains |
(121)378) | 56,543 | |
| Movement in cash held as |
part ofportfolio | 36,964 | 3,418 |
| Market value at 31 March | 2023 | 1,341,408 | 1,470,570 |
| Cost at 31 March 2023 | 1416,859 | 1,224,064 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Total | Total | |||
| Funds | funds | |||
| 7. | Debtors | |||
| Sundry | debtors | 7,670 | 4,265 |
| to the financial | statements - |
31March 2023 | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Total | Total | |||
| lrunds | funds | |||
| Creditors: Amounts | falling due within | one year | ||
| Accruals | 5,466 | 8,535 | ||
| Sundry creditors | 1,036 | 500 | ||
| Deferred income | 15,000 | |||
| 6,502 | 24,035 |
| 2022 | 2023 | 2023 | |||||
|---|---|---|---|---|---|---|---|
| Movement | |||||||
| Total | in Year | Total | |||||
| f. | |||||||
| Pemtanent | endowment | funds | - | 2023 | 1,313,211 | (114,849) | 1,198,362 |
| 2021 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|
| Movement | ||||||
| Total | in Year | Total | ||||
| E | ||||||
| Permanent | endowment | funds | —2022 | 1,236,198 | 77,013 | 1,313,211 |
| 2022 | 2023 | 2023 | ||||
|---|---|---|---|---|---|---|
| Movement | ||||||
| Total | In Year f. |
Totalf | ||||
| Expendable | endowment | fund | 161,365 | (14,154) | 147,211 | |
| Expendable | endowment | fund | -2022 | |||
| 2021 | 2022 | 2022 | ||||
| Movement | ||||||
| Totnl | In Year | Total | ||||
| Expendable | endowment | fund | 151,874 | 9,491 | 161,365 |
| Restricted | fund - 2023 | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2023 | 2023 | 2023 | 2023 | |||
| Transfer | |||||||
| Total | Income | Expenditure | between | Total | |||
| funds | funds | funds | |||||
| City &Guilds Bursmy | fund | 3,316 | 20,000 | (17,622) | 5,694 | ||
| Restricted | fund - 2022 | ||||||
| 2021 | 2022 | 2022 | 2022 | 2022 | |||
| Transfer | |||||||
| Total | Income | Expenditure | between | Total | |||
| funds | funds | funds | |||||
| f. | |||||||
| City & Guilds Bursary fund | 8,046 | 20,000 | (24,730) | 3,316 |
| 12. | Unrestricted | funds-designated | funds-designated | fund | -2023 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2023 | 2023 | 2023 | |||||||
| Trnnsfer | ||||||||||
| Total | Income | Expenditure | between | Total | ||||||
| funds | funds | funds | ||||||||
| f. | 5 | |||||||||
| Millennium | Apprenticeship | Scheme | 3,435 | (4,482) | 1,047 |
| Unrestricted | funds-designa | ted fund -2022 |
|||||
|---|---|---|---|---|---|---|---|
| 2021 | 2022 | 2022 | 2022 | 2022 | |||
| Transfer | |||||||
| Total | Iacome | Expenditure | between | Total | |||
| funds | funds | funds | |||||
| f. | |||||||
| Millennium | Apprenticeship | Scheme | 3,102 | (4,313) | 1,211 |
| Unrestri | cted funds-general fund |
-2023 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2023 | 2023 | 2023 | 2023 | ||
| Transfer | ||||||
| Total | Income | Expenditure | between | Total | ||
| funds | funds | funds | ||||
| f, | 5 | |||||
| General | fund | 35,740 | 28498 | (27)837) | (1,047) | 35,154 |
| Unrestri | cted funds-general fund |
- Z022 | ||||
|---|---|---|---|---|---|---|
| 2021 | 2022 | 2022 | 2022 | 2022 | ||
| Transfer | ||||||
| Totnl | Income | Expenditure | between | Total | ||
| funds | funds | funds | ||||
| f | f | f. | ||||
| General | fund | 35,642 | 25,172 | (23,863) | (1,211) | 35,740 |
| Analysis o | fnet assets between | funds - 2023 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | |||||||
| Permanent | Expendable | ||||||
| endowment | endowment | Restricted | DesignatedUnrestricted | Total | |||
| funds | fund | fund | fund | fund | funds | ||
| f | 5 | 5 | |||||
| Investment | portfolio | 1)194,232 | 147,176 | 1,341,40S | |||
| Stock | 751 | 751 | |||||
| Debtotu | 5,000 | 293 | 2,377 | 7,670 | |||
| Cosh on deposit and at bank | 4,130 | 35 | 1,730 | (156) | 37,355 | 43)094 | |
| Creditors | (1,036) | (888) | (4,578) | (6,502) | |||
| At 31 March 2023 | 1,19S,362 | 147)211 | 5,694 | 35,154 | 1,386,421 | ||
| Analysis ofnet assets behveen | funds - 2022 | ||||||
| 2022 | |||||||
| Permnnent | Expendable | ||||||
| endowment | endowment | Restricte&l | DesignatedUnrestricted | Total | |||
| funds | fund | fund | fund | fund | funds | ||
| f, | f. | f | |||||
| Investment | pottfol io | 1,309,223 | 161,347 | 1,470,570 | |||
| Stock | 938 | 938 | |||||
| Debtors | 468 | 3,797 | 4,265 | ||||
| Cash on deposit and at bank | 3,988 | 18 | 18,316 | (156) | 39,728 | 61,894 | |
| Creditors | (15,000) | (1,250) | (7,785) | (24,035) | |||
| At 31 March 2022 | 1,313,211 | 161,365 | 3,316 | 35,740 | 1,513,632 |