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|||||Page|
|---|---|---|---|---|
|Report ofthe Trustees||||I to 5|
|Report ofthe Independent
Auditors||||6 to 8|
|Statement|of Financial|Activities|||
|Balance|Sheet|||10|
|Statement|ofCash Flows||||
|Notes to|the Financial|Statements||12 to 17|
|Detailed|Statement
of|Financial|Activities|18to 19|
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|Investment
Income|273,502|
|---|---|
|Interest Income|12,916|
|Gifls & Donations|245,114|
|School House Rental Income|17,300|
|Miscellaneous|22,343|
||6571,175|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Tola1|Total|
|||||funds|funds|funds|funds|funds|
||||Notes|f|f||||
|INCOMING RESOURCES|||||||||
|Incoming
resources from|||||||||
|Generated
funds|||||||||
|Voluntary
income||||42,636|242,121||284,757|3,556,989|
|Investment
income||||27,838|173,612|84,967|286,417|270,077|
|Total incoming
resources||||70,474|415,733|84,967|571,174|3,827,067|
|RESOURCES EXPENDED|||||||||
|Costs ofgenerating
funds|||||||||
|lnvestmeni
management
costs||||5,473|32,268|17,866|55,606|52,599|
|Charitable
activities|||||||||
|Fund Raising costs||||542|54,306||54,848|40,130|
|Gmnts & awards —School|and||||||||
|general||||7,158|444,844|200|452,201|2,236,330|
|The Latymer House||||2,325|||2,325|1,891|
|Outdoor pursuit
centre||||17,829|||17,829|19,634|
|Governance
costs||||31,747|5,978|3,515|41,239|61,556|
|Total resources expended||||65,073|537,396|21,580|624,048|2,412,139|
|NET INCOMING/(OUTGOIPIG)|||||||||
|RESOURCES BEFORE|||||||||
|TRANSFERS||||5,401|(121,662)|63,387|(52,874)|1,414,928|
|Gross transfers
between|funds||16|63,387||(63,387)|||
|Net incoming/(outgoing)|||||||||
|Resources before other recognised|||||||||
|gains aad losses||||68,788|(121,662)||(52,874)|1,414,928|
|Other recognised
gains/losses|||||||||
|Gains/(losses)
on investment||assets||(48,390)|(443,648)|(158,423)|(650,461)|186,287|
|Unrealised
Gain on fixed asset|||||||||
|revaluation|||16|115,000||42,910,000|43,025,000||
|Net movement
in funds||||135,398|(565,310)|42,751,577|42,321,665|1,601,215|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds brought
fomvard||||1,182,533|8,637,817|32,539,176|42,359,527|40,758,312|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||1,317,931|8,072,507|75,290,753|84,681,192|42,359,527|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|funds|funds|
||Notes||||g||
|FIXEDASSETS|||||||
|Tangible assets|12|280,000||72,760,000|73,040,000|30,015,000|
|Investments|13|762,905|4,415,522|2,481,378|7,659,805|8,310,266|
|||1,042,905|4,415,522|75,241,378|80,699,805|38,325,266|
|CURRENT ASSETS|||||||
|Debtors|14|14,333|6,687||21,019|469,856|
|Cash at bank and in hand||292,152|3,812,771|50,269|4,155,192|3,728,491|
|||306,485|3,819,458|50,269|4,176,211|4,198,346|
|CREDITORS|||||||
|Amounts
falling due within one|||||||
|year|15|(31,458)|(162,473)|(893)|(194,824)|(164,085)|
|NET CURRENT ASSETS||275,027|3,656,984|49,376|3,981,387|4,034,261|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES||1,317,931|8,072,507|75,290,753|84,681,192|42,359,527|
|NKT ASSETS||1,317,931|8,072,507|75,290,753|84,681,192|42,359,527|
|FUNDS|16||||||
|Unrestricted
funds|||||1,317,931|1,182,533|
|Restricted funds|||||8,072,507|8,637,817|
|Endowment
funds|||||75,290,753|32,539,177|
|TOTAL FUNDS|||||84,681,192|42,359,527|
##
|||||Notes|2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||||f||f|
|Cash flows from operating||activities||20|||||
|Cash generated
from|operations||||426,701||1,025,840||
|Investing
activities|||||||||
|Funds withdrawn|||||||||
|Funds invested|||||||||
|Gains on fixed assets|investments||||||||
|Net cash generated|from investing||activities||||||
|Net increase
in cash||||||426,701|1,025,840||
|Cash at beginning
ofyear|||||3,728,491||2,702,651||
|Cash at end ofyear|||||4,|155,192|3,728,491||
##
||At|start ofyear
f|Cash floivs|At end ofyear|
|---|---|---|---|---|
|Cash||3,728,491|426,701|4,155,192|
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|VOLUNTARY|INCOME|||
|---|---|---|---|
|||2023f|2022|
|Gifts||245,114|3,530,320|
|Music instrument|hire|6,560|6,084|
|YSGGL Laiynier|income|13,275||
|Latymer House income
Sundiy
income||17,300
2,508|16,800
3,785|
|||284,757|3,556,989|
|INVESTMENT|INCOME|||
|||2023f|2022|
|Investment
income||273,502|269,770|
|Interest receivable||12,916|307|
|||286,418|270,077|
##
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|||||||2023|2022f|
|---|---|---|---|---|---|---|---|
|Investment
Management|||Fees|||55,606|52,599|
|DIRECT COSTS|OF||CHARITABLE ACTIVITIES|||||
|||||Direct costs||Grant funding||
||||YSGOL/Latymer||House|ofactivities||
|||||(See note 6)||(See note 7)|Totalsf|
|Outdoor
pursuit
centre|||||17,829||17,829|
|Repairs to the Latymer||House|||2,325||2,325|
|Fund Raising costs||||||54,848|54,848|
|Grants & awards —School and general||||||452,201|452,201|
||||||20,154|507,049|527,203|
|MANAGEMENT|OF||YSGOL LATYMER OUTDOOR|PURSUIT CENTRE||2023|2022f|
|Administrative
fees
icates and water||||||12,746
2,294|9,412
2,319|
|Insurance||||||||
|Light and heat||||||1,709|3,874|
|Telephone||||||1,080|988|
|Repairs and maintenance|||||||3,042|
|||||||17,829|19,634|
|LATYMER HOUSE||||||||
|Repairs to The Latymer|||House|||2,325|1,891|
|GRANTS PAYABLK||||||||
|||||||2023|2022|
|Fund raising costs
Purchase ofMusical
Instruments
Grants & awards —School and general||||||54,848
452,201|40,130
8,206
2,228,124|
|||||||507,049|2,276,460|
|GOVERNANCE
COSTS||||||2023f|2022|
|Administrative
fees||||||2,725|3,340|
|Travelling
and hospitality||||||195|147|
|Printing,
postage & stationery||||||349|57|
|Telephone costs||||||1,171||
|Auditors'
remuneration||||||9,045|9,042|
|Insurance||||||5,500|5,024|
|Gifts and presents||||||1,040|1,211|
|Bank charges||||||188|145|
|Books and subscriptions||||||1,911|1,721|
|Foundation
day expenses||||||2,207|733|
|Repairs & Maintenance|||||||1,021|
|Legal and professional||fees||||6,065|23,300|
|Archivist||||||3,058|2,462|
|Sundry
costs||||||7,786|13,354|
|||||||41,239|61,555|
##
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|TANCIBLE FIXED|ASSETS||Freehold|
|---|---|---|---|
||||Propertiesf|
|At I April 2022|||30,015,000|
|Unrealised
Revaluation|ofFreehold|Property|43,025,000|
|At 31 March 2023|||73,040,000|
|CARRYING AMOUNT||||
|At 31 March 2023|||73,040,000|
|At 31 March 2022|||30,015,000|
|FIXED ASSET INVESTMENTS|FIXED ASSET INVESTMENTS|Investmentsf|
|---|---|---|
|At
1 April
2022
Revaluations||8,310,266
(650,461)|
|At 31 March 2023||7,659,805|
|CARRYING VALUE|||
|At 31 March 2023||7,659,805|
|At 3 1 Match 2022||8,310,266|
|There were no investment|assets outside the UK||
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||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
||Other debtors||||||||21,019|469,856|
|15.|CRKDITORSt|AMOUNTS FALLING DUE WITHIN|||ONE YEAR||||||
||||||||||2023f|2022|
||Other creditors||||||||194,824|163,993|
||Accrued expenses|||||||||92|
||||||||||194,824|164,085|
|16.|MOVEMENT
IN FUNDS|||Net|movement||Transfer||||
||||At 1.4.22
f||in|funds
f|between
f|funds|Adjustments|At 31.3.23
f|
||Unrestricted
funds||||||||||
||General
fund||1,182,534|||72,011|63,387|||1,317,931|
||Restricted
funds||||||||||
||Restricted Funds||8,637,817||(565,3 10)|||||8,072,507|
||Endowment
funds||||||||||
||Endowment
Fund||32,539,176|42,814,964|||(63,387)|||75,290,753|
||TOTAL FUNDS||42,359,527|42,321,664||||||84,681,191|
||Net movement
in|funds, included|in the above are as|follows:|||||||
|||||Incoming|||Resources||Gains and|Movement|
|||||resources|||expended||losses|in funds|
|||||||f||f|||
||Unrestricted
funds||||||||||
||General
fund|||||70,474|(65,073)||66,610|72,011|
||Restricted
fumls||||||||||
||Restricted funds|||||415,733|(537,396)||(443,648)|(565,310)|
||Endowment
funds||||||||||
||Endowment
Fund|||||84,967|(21,580)||42,751,577|42,814,964|
||TOTAL FUNDS|||||571,174|(624,049)||42,374,539|42,321,664|
##
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||||f|
|Surplus for|the year||||42,321,664|1,601,215|
|Unrealised|(gain) on the|revaluation|offreehold|property|(43,025,000)||
|Unrealised|(gains)/losses|on fixed|assets investments||650,461|(186,287)|
|Movements|in working|capital:|||||
|(Intense)/decrease
in debtors|||||448,837|(426,843)|
|(Decrease)/increase
in creditors|||||30,739|37,755|
|Cash generated
from operations|||||426,701|1,025,840|
##
||||2023|2022|
|---|---|---|---|---|
||||g|g|
|INCOMING RESOIJRCES|||||
|Voluntary
income|||||
|Gills &donations|||245,114|3,530,320|
|Music instrument
hire
YSGOL Latymer income|||6,560
13,275|6,084|
|Latymer House income|||17,300|16,800|
|Sundry
income|||2,508|3,785|
||||284,757|3,556,989|
|Investmeat
income|||||
|Investment
income|||273,502|269,770|
|Interest receivable|||12,916|307|
||||286,417|270,077|
|Total incoming
resources|||571,174|3,827,066|
|RESOURCES EXPENDED|||||
|Investment
management||costs|||
|Investment
management|fees||55,606|52,599|
|Charitable
activities|||||
|Administrative
fees|||12,746|9,412|
|Rates and water|||2,294|2,319|
|Insurance|||||
|Light and heat|||1,709|3,874|
|Telephone|||1,080|988|
|Repairs and maintenance
Refurbishment
ofLatymer||House|2,325|3,042
1,891|
|Fund Raising Costs|||54,848|40,130|
|Grants and awards|||452,201|2,236,330|
||||527,203|2,297,986|
|Governance
costs|||||
|Administrative
fees|||2,725|3,340|
|Travelling
and hospitality|||195|147|
|Printing,
postage &stationery|||349|57|
|Telephone|||1,171||
|Auditors'
remuneration|||9,045|9,042|
|Insurance|||5,500|5,024|
|Gifts and presents|||1,040|1,211|
|Bank charges|||188|145|
|Books and subscriptions|||1,911|1,721|
|Foundation
day expenses|||2,207|733|
|Legal and professional|fees||6,065|23,300|
|Repairs
and maintenance||||1,021|
|Carried forward|||30,396|45,741|
##
|Governance
costs|Governance
costs||||2023f|2022|
|---|---|---|---|---|---|---|
|Brought forward|||||30,396|45,741|
|Archivist|||||3,058|2,462|
|Sundry costs|||||7,786|13,354|
||||||41,239|61,555|
|Total resources|expended||||624,048|2,412,140|
|Gross transfers|between||funds||||
|Net income before gains|||and losses||(52,875)|1,414,926|
|Recognised
gains and||losses|||||
|Realised (losses)/gains||on|fixed asset investments||78,406|195,781|
|Unrealised
gains/(losses)|||on fixed asset|investments|(728,867)||
|(9,494)|||||||
|Unrealised
gains|/(losses)||on revaluation|offieehold property|43,025,000||
|Net income|||||42,321,664|1,601,213|