| CONTENTS | |
|---|---|
| Trustees and professional | advisers |
| Trustees Annual Report | |
| Independent examiner's |
report to the Trustees |
| Statement offinancial activities | |
| Balance sheet | |
| Notes to the accounts | |
| The following pages do | not form part ofthe accounts |
| Detailed statement offinancial activities |
| Registered | charity | name | The Philological | Foundation |
|---|---|---|---|---|
| Charity registration | number | 312692 | ||
| Trustees | Ms CWhittaker | |||
| Ms CRKeen | ||||
| Mr GMargolis (retired February 2023) | ||||
| MrRSaade | ||||
| MrJFox | ||||
| MrDRichards | ||||
| Ms JMBourn | ||||
| Mr A Mederick | ||||
| Ms N Leaver | ||||
| Clerk | SHallin | |||
| htdependent | Examiner | JEdwards ACA~T | ||
| 57aBroadway | ||||
| Leigh On Sea | ||||
| Essex | ||||
| SS91PE | ||||
| Bankers | CAF Bank | |||
| 25Kings Hill Avenue | ||||
| Kings Hill | ||||
| West Mailing | ||||
| Kent | ||||
| ME194JQ | ||||
| Solicitors | Simons, Muirhead | &Burton | ||
| 8-9Frith Street | ||||
| London | ||||
| W1D3JB | ||||
| Stockbrokers | JM Finn &Co | |||
| 4 Coleman Street | ||||
| London | ||||
| EC2R5TA |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| INCOMING RESOURCES | |||||
| Incoming resources from generated | funds | 2 | 33,905 | 15,453 | |
| RESOURCES EXPENDED | |||||
| Costs ofgenerating funds Charitable activities Governance costs |
(14&357) (51,599) (6,516) |
(16,372) (36,499) (6,695) |
|||
| TOTAL RESOURCES EXPENDED | (67,672) | (59,566) | |||
| NET INCOMING RESOURCES | FOR THE YEAR | (38,567) | (44,113) | ||
| Unrestricted fund balance brought |
forward | 881,724 | 925,837 | ||
| Unrestricted fund balance carried |
forward | 843,157 | 881,724 |
| 3. | TRUSTEESEXPENSES | 2022 | ||
|---|---|---|---|---|
| Annual costs reimbursed to trustees |
||||
| 4. | FEESFOREXAMINATION | OFTHE ACCOUNTS | 2023 | 2022 |
| g | g | |||
| Total fees paid to Independent | Examiner | 1 320 | 1 260 | |
| 5. | INVESTMENT ASSETS | 2023 | 2022 | |
| g | ||||
| Cost at beginning ofyear | 1,181,717 | 1,215,672 | ||
| Additions to investments at cost |
74,802 | 28,205 | ||
| Disposals at carrying value | ~112839 | {662160. | ||
| Cost at end ofyear | 1 143680 | 1 181717 |
| Market | |||
|---|---|---|---|
| Cost | Value | ||
| 14„796 | 31Infrastructure | ||
| 15,000 26,345 20,500 380 |
Aberdeen Standard Eur Logis BBGISICAV Ord Civitas Social Housing Plc Ord lp Croada Intl |
29,896 15,020 32,009 20,520 |
46,311 10,245 39,781 11,009 |
| 950 34,000 1,630 15,000 920 500 19,024.01 |
Diageo Ord Digital 9Infrastructure Diploma PLC 5p Ecclesiasical Insurance Office 8.625'lo Experian pic Fin&Hay Park Funds PLC American First State Asia Pacific Leaders |
28,205 24,235 34,020 22,055 16,981 23,496 39,269 |
24,692 34,333 20,774 45,803 19,800 24,472 66,432 |
| 24,200 16,500 1250 1,500 1,200 21,700 1410 |
Foresight Solar Fund Ltd Fundsmith LLP Equity Gam Fund Management Glaxosmithkline Ord 25p Glaxosmithkline Ord GBP0.3125 Greencoat UK W'nd PLC Ord lp Helms |
25,013 39,926 78,123 17,071 22,978 |
26,814 93,027 59,027 17,148 34,026 |
| 1,500 37,500 21,000 24,100 2225 2430 11,100 220 18,250 445 2,695 22,100 1,390 1,430 630 13,300 6,200 4,700 |
Haleon Pic Ord GBP0.001 Henderson Invetsment funds Home Reit Impax Environmental Ishares Sdtp 500 Ishares IIPlc GBPIDXLinked JPMorgan American Investment Trust Ord 5p London Stock Exchange Group Mercantile Investment TSTPicOrd MI Twentyfour Dynamic Bond National Grid Ord 11.3953p Picton Property Income Limited Prudential Ord Sp Relx PLC Rio Tinto Ord 10p Schroder Oriental Income Fund Ord lp Scottish Mortgage Investment Trust Ord 5p Segro Plc Ord 10p |
25,061 3,900 42,110 21,020 74,508 20,042 43,417 21,814 17,972 40,242 49,396 17,805 11,327 14,357 20,906 17,787 25,131 20,196 14,580 |
31,429 4,830 33,555 7,991 103,269 73,058 35,166 78,8]0 17,310 36,591 40,664 29,551 15,315 15,318 37,437 34,511 34,381 42,0?3 36,077 |
| INVES | TMENTS (CONTINUED) | ||
|---|---|---|---|
| Market | |||
| Cost | Value | ||
| 8 | |||
| 19,024 35,900 45,900 13,650 40„000 870 |
Stewart Investors Asia Pacific The Renewables Infrastructure Triple Point Energy Tritax BigBoxReit PLC lp United Kingdom Treasury 1.625'/s Unilever PLC Ord 3.1111p |
21,112 45,191 46,460 14,073 34,269 12,187 |
56,993 44,803 28,688 19,096 36,496 36,453 |
| 1 143680 | 1 493 559 |
| 2023 | 2023 |
|---|---|
| 8 | |
| 2,1W | 2,054 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| INCOME | |||||
| Investment income |
|||||
| Profrt/(loss) on investment |
sales | 43,716 | 44,250 | ||
| TOTAL INCOME | (9,811) | (28,797) | |||
| 33,905 | 15,453 | ||||
| COSTS OF GENERATING I'UNDSt | |||||
| Portfolio management | fee | 14,357 | 16,372 | ||
| CHARITABLE EXPENDITURE: | 14457 | 16,372 | |||
| Grants paid | 51,599 | 36,499 | |||
| 517599 | 36,499 | ||||
| MANAGEMENT AND ADMINISTRATION |
|||||
| Clerk's honorarium | |||||
| Website development Insurance |
costs | 4&800 209 |
4,800 418 |
||
| Bank charges Accountancy fees Sundry expenses |
96 56 1,320 35 |
96 11 1,260 110 |
|||
| 6,516 | 6,695 | ||||
| TOTAL EXPENDITURE | |||||
| 59,566 | |||||
| NET INCOMING/(OUTGOING) THE YEAR |
RESOURCES FOR | ||||
| (38,567) | (44,113) |