| Notes | 2023 | 2022 | |||
|---|---|---|---|---|---|
| f. | F | ||||
| Unrestricted eneral fund |
|||||
| Income: | |||||
| Investment income |
63,643 | 66,918 | |||
| Expenditure on: |
|||||
| Charitable activities |
|||||
| Donations | 61,800 | 60,480 | |||
| Governance costs |
11,160 | 11,146 | |||
| 72,960 | 71,626 | ||||
| Raising funds |
|||||
| Brokers' fees | 672 | 672 | |||
| Total expenditure | 73,632 | 72,298 | |||
| Net (losses)/gains | on investment | assets | (253,113) | (97,430) | |
| Net (expenditure)/income | (263,102) | (102,810) | |||
| Reconciliation offunds |
|||||
| Balance brought forward |
4,706,978 | 4,809,788 | |||
| Balance carried forward | 4,443,876 | 4,706,978 |
| Notes | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| f | F | |||||
| Fixed Assets | ||||||
| Investments | 4,426,981 | 4,657,809 | ||||
| Current Assets | ||||||
| Cash at bank | 76,395 | 58,169 | ||||
| Liabilities: Creditors: amount |
falling due within one year | 8 | ~(59,500 | ~9,000I | ||
| Net current | assets | 16,895 | 49,169 | |||
| Net Assets | 4,443,876 | 4,706,978 | ||||
| Represented | by | |||||
| Funds | ||||||
| Unrestricted | general | fund | 4,443,876 | 4,706,978 |
| INVESTMENT INCOME | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| F | ||||||
| Fixed asset investments | ||||||
| EPIC Oriental Focus Fund |
- Class BF | 22,360 | 25,112 | |||
| VT EPIC Asian Centric Global Growth | Fund | 41,007 | 41,806 | |||
| 63,367 | 66,918 | |||||
| Bank interest | 276 | |||||
| 63„643 | 66,924 | |||||
| CHARITABLE DONATIONS | 2023 | 2022 | ||||
| Institutions | F | F | ||||
| Chase Africa | 2,000 | 5,000 | ||||
| Cirdan Sailing Trust |
5,000 | |||||
| Gurkha Welfare Trust | 5,000 | |||||
| Helen and Douglas House | 3,000 | 8,000 | ||||
| Horse Time | 2,000 | |||||
| Institute of Cancer Research | 30,000 | (270) | ||||
| Keble College, Oxford | 5,000 | 5,000 | ||||
| Keble College, Oxford - | Retirement | ofWarden | 2,000 | |||
| MACS (Microphthalmia, | Anophthalmia | & Coloboma | Support) | 2,000 | ||
| MacMillan Cancer Support |
2,000 | |||||
| Prickles Hedgehog Rescue |
300 | |||||
| Prisoners of Conscience |
3,000 | 5,000 | ||||
| RADA | 5,000 | |||||
| Rainbow Trust | 3,000 | 2,000 | ||||
| Sequal Trust | 2,000 | |||||
| St Paul's Church Knightsbridge |
1,000 | |||||
| Tait Memorial Trust |
3,000 | 3,750 | ||||
| University Of Edinburgh |
Development | Trust | 4,500 | |||
| Upham PCC |
3,000 | |||||
| Wessex Children's Hospice Trust (Naomi House 8 |
Jacksplace) | 3,000 | 8,000 | |||
| 61,800 | 60,480 |
| 2023 | 2022 | ||
|---|---|---|---|
| Accountancy | and independent | ||
| examination | charges | 9,000 | 8,775 |
| Irrecoverable | VAT | 1,800 | 1,755 |
| Bank charges | 360 | 360 | |
| Trustees' expenses |
256 | ||
| 11,160 | 11,146 |
| FIXED ASSET INVESTMENTS | |||
|---|---|---|---|
| Market value at 6th April 2022 | 4,657,810 | ||
| Additions at cost |
22,360 | ||
| 4,680,170 | |||
| Disposal at opening book value |
|||
| 4,680,170 | |||
| Net unrealised loss on revaluation |
~253,189 | ||
| Market value at 5th April 2023 | 4,426,981 | ||
| Historical cost at 5th April 2023 (2022:F1,003,716) | 1,026,076 | ||
| Analysis of investments held at 5th April 2023 |
|||
| at valuation- | |||
| UK | NON-UK | TOTAL | |
| Listed investments | |||
| EPIC Oriental Focus Fund |
|||
| Class BGBP | 1,190,944 | 1,190,944 | |
| VT EPIC Asian Centric Global | |||
| Growth Fund - Class R 6 Net inc |
3,236,037 | 3,236,037 | |
| 3,236,037 | 1,190,944 | 4,426,981 | |
| 3,236,037 | 1„190,944 | 4,426,981 |
| CASH AT BANK | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| F | ||||||
| C Hoare 8 Co | ||||||
| Current account | 53,399 | 34,576 | ||||
| Evelyn Partners (formerly |
Smith 8 Williamson) | |||||
| Sterling accounts | 21,387 | 22,059 | ||||
| Euro income account | 1,609 | 1,534 | ||||
| 76,395 | 58,169 | |||||
| CREDITORS: AMOUNTS | FALLING | DUE WITHIN | ONE YEAR | |||
| 2023 | 2022 | |||||
| Begbies | 9,000 | 9,000 | ||||
| Charitable donations payable |
50,500 | |||||
| 59,500 | 9,000 | |||||
| TOTAL NET ASSETS SINCE INCEPTION | ||||||
| Capital introduced by R.C.Thornton |
in 1983 | 1,100,520 | ||||
| Investment income and royalties |
2,870,706 | |||||
| Deposit account interest | 279,313 | |||||
| VAT recovered | 47,982 | |||||
| Underwriting commission |
3,173 | |||||
| Transitional tax relief received |
11,015 | |||||
| 3,212,189 | ||||||
| 4,312,709 | ||||||
| Net gains on revaluation | and disposal of investment |
assets | 8,136,489 | |||
| 12,449,198 | ||||||
| Less: | ||||||
| Charitable donations (see |
Note 10) | 7,466,269 | ||||
| Exchange losses | 21,046 | |||||
| Management and administration |
518,007 | |||||
| 8,005,322 | ||||||
| Total net assets at 5th | ApriI 2023 | 4,443„876 |
| Year | to | 5 | April:- | |
|---|---|---|---|---|
| 2023 | 61,800 | |||
| 2022 | 60,480 | |||
| 2021 | 131,461 | |||
| 2020 | 1,114,680 | |||
| 2019 | 134,500 | |||
| 2018 | 230,884 | |||
| 2017 | 160,340 | |||
| 2016 | 106,000 | |||
| 2015 | 94,700 | |||
| 2014 | 140,640 | |||
| 2013 | 100,388 | |||
| 2012 | 204,203 | |||
| 2011 | 218,675 | |||
| 2010 | 153,745 | |||
| 2009 | 321,450 | |||
| 2008 | 274,800 | |||
| 2007 | 226,250 | |||
| 2006 | 215,000 | |||
| 2005 | 173,000 | |||
| 2004 | 102,400 | |||
| 2003 | 226,913 | |||
| 2002 | 116,041 | |||
| 2001 | 356,936 | |||
| 2000 | 103,800 | |||
| 1999 | 182,670 | |||
| 1998 | 120,012 | |||
| 1997 | 314,322 | |||
| 1996 | 188,168 | |||
| 1995 | 291,142 | |||
| 1994 | 72,579 | |||
| 1993 | 184,280 | |||
| 1992 | 82,225 | |||
| 1991 | 144,565 | |||
| 1990 | 142,630 | |||
| 1989 | 156,045 | |||
| 1988 | 313,795 | |||
| 1987 | 100,250 | |||
| 1986 | 64,850 | |||
| 1985 | 51,950 | |||
| 1984 | 27,700 | |||
| 7,466,269 |