##
##
|||Page|
|---|---|---|
|REFERENCE ANO ADMINISTRATIVE
INFORMATION|||
|TRUSTEES' ANNUAL
REPORT||S-S|
|INDEPENDENT
EXAMINER'S|REPORT||
|STATEMENT OF FINANCIAL|ACTIVITIES||
|BALANCE SHEET|||
|NOTES TO THE FINANCIAL|STATEMENTS|9-14|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrmtrlcted|||||
|---|---|---|---|---|---|---|
|||General|lava||||
|||Fund|Scholarship|Permanent||Tote I|
|||Income|Income||2023|2021|
||Nate||5|5|8|5|
|INCOME lt ENDOWMENTS|||||||
|Investments||67,394|||67,394|68,961|
|TOTAl INCOME||67,394|||67,394|68,961|
|EXIIENDITURE|||||||
|Cost ofgenerating
funds|3|||18,187|18,187|19,186|
|Charitable
activities|4|48,086|32,070|10,460|90,616|40,174|
|TOTAL EXPENDITURE||4S,086|32,070|28.647|108,803|59,360|
|NET INCOME/(EXPENDITURE)|BEFORE GAINS AND||||||
|LOSSESON INVESTMENTS||19,308|(32,PTP)|(28,647)|(41,409)|9,601|
|Net gains/(losses)
on investments||||(195,615)|(195,615)|126,612|
|NET INCOME/(EXPENDITUliE)|AFTER GAINS AND||||||
|LOSSESON INVESTMENTS||19,308|(32,070)|(224 262)|(237024)|136213|
|TRANSFER BETWEEN FUNDS|6|(30,000)|30,000||||
|oTHER RrcQGNIsED GAINs/(LossE5)|||||||
|Gains/(losses)
on currency|||||||
|NET MOVEMENT
IN FUNDS||(10,692)|(2,070)|(224,262)|(237,024)|136,213|
|FUND BAIANCES BROUGHT|FORWARD|22,384|76,292|2,571,315|2,669,991|2,533,778|
|FUND BALANCES CARRIED FORWAIID||11,692|74,222|2,347,053|2,432,967|2,669,991|
##
||||||General|Law||||
|---|---|---|---|---|---|---|---|---|---|
||||||Fund|Scholarship|Permanent|Total|Total|
||||||Income|Income|Endowment|20H|2022|
|||||Note|E|5||4|E|
|FIXEDASSETS||||||||||
|Investments|-quoted||||||2,422,542|2,422,542|2,636,240|
||||||||2,422,542|2,422,542|2,636,240|
|CURRENT ASSETS||||||||||
|Amount
lent|to Permanent
Endowment|||6||50,000||50,000|50,000|
|||||||50,000||50,000|50,000|
|Cash||||||||||
|Bank current|accounts||||50,018|22,932|(15,574)|57.376|48,159|
|Bank deposit|account|||||1,290||1,290|1,281|
||||||50,018|24,222|(15,574)|56,666|49,440|
|TOTAL CURRENT ASSEIS|||||50,018|74,222|(15,574)|108,666|99,440|
|LIABILITIES:|amounts|faslna due within one year||||||||
|Creditors||||8|38,326||9,915|48,241|15,689|
|Amount
lent|by Income Accounts||||||50,000|50,000|50,000|
||||||39,326||59,915|98,241|65,669|
|NET CURRCNTASSETS/(|||IABIUTIES)||11,692|74.222|(75,489)|10,425|33,751|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||||11,692|74,222|2,347,053|2,432,967|2,669,991|
|UABILITIESr|amounts|faRlng due after one year||||||||
|Creditors||||||||||
|NET ASSETS|||||11,692|74,222|2,347,053|2,432,967|2,669,991|
|Representinlp||||||||||
|FUNDS
-RESTRICTED||||||||||
|Permanent
Endowment|||||||2,347,053|2,347,053|2,571,315|
|Law Scholarship
Income Account||||||74,222||74,222|76,292|
|FUNDS
-UNRESIRICTED||||||||||
|General
Fund Income||Account|||11,692|||11,692|22,384|
||||||11,692|74,222|2,347,053|2,432,967|2,669,991|
|Approved
by the Trustees|||on:||-l2-ZcsCZ||CC~|||
|||||Date||and slSned on their|behalf by:|Ms CSharp - Trustee||
##
##
##
##
##
##
##
##
##
##
##
##
|||||General|Permanent|Total||
|---|---|---|---|---|---|---|---|
|||||Fund Income|Endowment|202S|2022|
|Comprise:||||||f|f|
|Investment|advisers'|aha|rBes||18,187|18,187|19,186|
##
##
##
|||||||Unrestricted|lew|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||General|Scholamhip||||Total|Total||
|||||||Fund Income
f|Income
f||Permanent
E||2023
f|2022
f||
|EXPENDITURE||||||||||||||
|Grants awarded|||||4b|22,385|32,070||||54,455|16,039||
|Grant support casts|||||4a|9,089|||||9,089|2,112||
|Governance
costs|||||4c|16,612|||10,460||27,072|22,023||
|TOTAL EXPENDITURE||||||48,086|32,070||10,460||90,616|40,174||
|AllOCATION
OF|SUPPORT COSTS AND|||||OVERHEADS||||||||
|The breakdown|of support|||costs and||how these were|allocated|between|Governance|and|Charitable|Activities|i|
|shown
in the table below:||||||||||||||
|||||||Grant|||2023|||2022||
|||||||Support|||Tatel|||Total||
|Cost Type||||||Costs|Gavernance||Agocated||Nlocated|||
|||||||8||||||||
|Independent
examiner's|||fees|||||1,S06||1,506||1,410||
|Accountancy
and|administration||||fees|983||18,672|19,655|||17,137||
|Solicitors' fees||||||1,109||6,285||7,394||4,365||
|Bank charges||||||||89||89||103||
|PubEclty expenses||||||6,997||||6,997||600||
|information
Commissioner||||||||35||35||35||
|Trustees'
Indemnity||Insurance||||||485||485||485||
|||||||9,0S9||27,072|36r161|||24,135||
##
##
##
##
##
##
##
##
##
##
##
|7.|INVESTMENTS||||||
|---|---|---|---|---|---|---|
||||||2028|2022|
||||||Total|Total|
||||||6|6|
||Market value at 5 Aprg 2022||||2,548,180|2,514,960|
||Aoquisitions at cost||||486,096|414,594|
||Sales proceeds from dlsposals||||(469.677)|(507,986)|
||(Loss)/gain
ln the year||||(195,615)|126,612|
||Market value at 5 Aprg 2023||||2,368,984|2,548,180|
||Cash held within the investment|portfolio|||53,558|88,060|
||||||2,422,542|2,636,240|
||UK equities and collective investments||||2,141,185|2,382,069|
||UKgovernment
and other fixed|interest stocks|||227,799|166,111|
||Market value at 5Aprg 2023||||2,368,984|2,548,180|
||Historical cost at 5April 2023||||1,885,313|1,745,713|
||The fogowing investment
comprises more than SNofthe value ofthe investment||||portfolio:||
||Name|||Holding|Market VaIII4||
||SPDR SILP500 ETPTrust USD Distrlhutien||shares|403|E131,950||
|L|CREDITORS||||||
|||||||2022|
||Amounts fallIng due within one|year|||||
||Accru als||||21,171|15,689|
||Scholarship 2023/2024||||27,070||
||||||48,241|15,6$9|
##