Charity number.. 326898 THE BORIS KARLOFF CHARrrABLE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2023
THE BORIS KARLOFF CHARITABLE FOUNDATION CONTENTS Page Reference and admlnl¥trallvt detall$ of the Charlty. its TrnstoH and advisers Tru8te06' rnPQrt Independent examinerf• report Stat01nant of lknan¢l•l xtlvltles Balance sh••t N*)te$ to th¢ flnan¢lal ¥tatsm¢nts 8-16
THE BORIS I(ARLOFF CHARtrABLE FOUNDATION REFERENCE AND ADIAINISTRATIVE DETAILS OF THE CHARfTY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2023 Trustsos J Fairclough O M Lewis C Fairdough Charity reg1sted number 326898 Prlnclpal offl 2 Putney Hill London SW156A8 Ind•pendent examlnar MHA Chartered Accountants 2 London Wall Plac& London EC2Y SAU Bankèr• Coutts & Co 440 Strand Lond WC2R OQS Sollcftors Russell-cooke LLP 2 Pulney Hill London SW156AB Investment Manager Investec Weafth & Investment Limited 11N) Wo¢)d Street London EC2V 7AN
THE BORIS KARLOFF CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2023 The Trustees wesent th8ir annual report logether With the financial ststements of the Charity for th8 year from 6 April 2022 to 5 Awil 2023. The Trustees have adopted the provislons of the Statemant of Recommended Practice ISORP}'Accountiry and RetMNting by Charilies. (FRS 102) in preparing the annua report and financial slalements of the Charity. Objecllves and actlvllles . Pollcles and obJ•cllv•• The principal obieci and purpose of the Charity. as Fw its goveming document, is lor Ihe benefit of such axduslvely charltsble obiecls and purFX)ses as the Trustees in ttleir absolute discretion think fil. The Tru$le6s are empowered to pay or appty incom8 arKI cawl ol the Chaty for the benefll of such charflable objects as the Trustees dechje. b. Acllvlues und•rtakon to Khlov• obJectsve¥ and to fvrth•r th• Charty• WtrpO for th• publlc benefit The main activities undertsken in rela11 to the purposes of the Charity. as per its govemin9 document, are 88 follows.. The Charity provides grants to other eharrtabte organisations with particular emphasis on Ihose connected wilh the performing arts and Ihe promotion of cricknL The perforning atts support the well-being of citizens. c. Stst•mont on publlc ben•fit In settlng objectlves and plannirrfd for current fvlure ad1vit, the Trustees have given due con$klerallon to genepl guidan Putlshed by the Charity commissil relating to public benèfit. indudirKd the guidance'Public benefit- running a charity IPB2)'.
THE BORIS KARLOFF CHARITABLE FOUNDATION TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2023 Achievements and perfowmanc• . Review of actlvltles and a¢hl•v¢monts The Charity received a coThsiderable number of reqSts dcmatK)ns and grants which have all been carefully nsidered by the Trustees. but, in vi8w of the income of the Charrty. support has t>een reslriclgd lo those Charilies as sel out in Note 5 of these 8nts. A substantral prOp)rI)n of grants made are related lo thg performing arts. The Test are relaung to crick8L The grants that Ihe Charfty gave enabled tthing ts organisatlons lo extend Ihelr wopcls to bonefil mre participants and in some cases lo benefft the wder public. Grants were given lo individual drama siudenls from disadvantaged backgrourKls who were selected by their cdleges. Money was given lo theatre projects lo subsidise seal pricès to mach those who seklom havt the OPFthunty to visit a p8rfoming arts venue. Money was also given lo small theatre companies lo enable them to run projects In schools to bring an apprecIatn of the perfonning arts lo young people. Other courses gave disabled actors a chance lo perfo. Writers, cL)mposers, actors, directors, singers and leehnicians in the theatre were all supported at a time when public money for the performin9 arts is severely limited. With regard to the grants to support cricket, the Charity provided lunds for groups ol youngsters from Inner London borgh$,90me of whom were disabled. to spend resentIal week in Sussex to improve their crlckating skills and eryoy other activities and vislts. The Charity 8180 supported a Caribbean cricket festival and gave a grant lo imFKove changing facilities for a dub whose membershlp among young pl8Jrs. particulady gids, haj greatly increased. b. Inv••kn•nt pollcy and p•rfornian The Trusteos have very wid6 ranging investrnenl p7wer5 ufKler the Trust deed. The Trusl¢es have appointed Inve5tec Wealth & Investment Limited to acl as fund mana9gr on Iheir behalf. Investrnent ManageT¥ hold the fund on an advisory basis. The Trustees m¢)nilor invèstment perfonnance. Flnancl•l r•vlew Golng concern After making appropriate gnquirres. the Trustees have a reasonable exp8ct8tlon that the Charity has 8dequate resources lo conty'nve in operats'onal exislence for the loreseeable hjlufe. For this reason, they continue lo adopt the going concern basis in preparirKJ the financial stalem&nts. Further detals regarding the adoption of Ihe going concem basis can found in the accounting poticies. b. FlnanGlal rnvlew During the year tho Charity received totd incoft* 01 £85.001 (2022- £71.825). The majority of this came from Charit15 income from investments whKh lolaled £84.74712022- £71.8211. The remainder of the incL)me came from Bank interest receivable of £25412022- £4} and Royalty inry)me of £Nil12022 - £Nill. Total expenditu for the year was £93.062 {2022- £73,246). Of Ihis the Charity provided Grants to institutions lotsling £68.80012022- £51.538). Delails of the grant recipients can be found in Note 5. Investm8nl fflanagement costs lolaled £15,82812022- £13,739) whilst other Support costs totaled £8,434 {2022- £7,969). A breakdown of these costs can be seen the Stsiement of Financial Aclivitss. The nel expenditure for Ihe year before InvestnnI gains and lows was £8,061 {2022- net expenditure £1.421). During the year the Charitys investments recorded a revaluation loss of£180.43412022- gain of £95,628) resultirvJ in an overall net ioss after investment gains of £188,495 (2022- nel surplus of £94.207).
THE BORIS KARLOFF CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 ¢. Reserves pollcy The Charity is a grant making Charity ils income generating assets are hdd as investments and cash deposits. The Trustees apply the income derived through giving grants lo charitable bodies.11 is the Trustees. pdicy lo ulilise all illcome arising. althwgh in any given year a suryAus or defictl may arise and the size of any Surplus or deficit will vary according to the timing of grant Payments. The Trustees will aayS retain in the Coutts account sufficient reserves to cover any expenses lor the following Jear. t)uring the Current year the expenditure totalled £93.062. Th8 cash hehj in the Coutts account as at the YEarnd was £78.407 grKI is thergfore onsidered lo b8 in Ihe approprrate range. The General fund has been established lo recognise all income and expendilure in respecl of activities undertaken by the Charity oJtsKle the Endowmenl fund. At the ar end. thè balance hold in th1$ fund amounted to £89.166 (2022 - £81,399). Th8 Endowm8nl fund Is 8xpendalAe in nature, and is con$ider8d to consist of the va8 of the investments. induding the Catal bank accounl. Where necessary tunds are Iransferred to the Unrestricted fund lo suppcyl the grant gsviThJ. At Ihe year end, the balance held in endowment fund amwnted to £3,089,804 {2022 - £3.286.0661. Structwe, gov•m•n¢e and managmlwrt . Con•titutlon A Deed of Setdement dated 18 1985 estsblished this CharitaL4e Trust. On l June 1993 Mrs E Kartoff died and under the lemi$ of her will. the ldue of her estate was bequeathed lo the Twslees. The Charfty 1$ rogislerod with tho Charity CoMmi10n (Charity regtratiC number 3268981 in England and Wales. The Deed emFthvers Ihe Trustees lo relain the capitsl and pay or'appll the Income. However It also allows the TfU51ees the optlon of spending Ihe whose or such part or parts of the capitd of Ihe Trust Fund as the Trustees in Ihtir absolute discrelion think fir. b. Methods of appolntm•nt or •lKtlon of Tru•le•s The management of the Foundation is the respsibl1ty of the Trustees who are elected and COwOPted under the lems of the Trust deed. The power of appo4niing new Truskes is vested in tho Tftjstees. c. Flnancl¥l rlsk rn•nagement The Trustees have assessed the maft)r risks to wl)ich Ihe Charity is exposed, in particular tte related to thè operat$ and finances of the Charity. arKI are sats'sfied that sy3terns and prowlures are in Fdar* to mitFgalg exposure to Ihe major risks. Approved by order of the members ol the board of TTUStees and Sied on thew behaw by. O M Lewis Trustee Date: z• Z? 2 ?
ThE BORIS KARLOFF CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2023 Independent examlner's roport to th• TKustses of Tho Borls ILirloff Charltable Foundatlon {%he Charity'l I report to the charity Trustees C my examination ol the a¢¢Jts of the Charity for the ar ended 5 April 2023, which are set out on pages 6 to 16. Re•ponslbllltles and ba818 of r•port As the Tnjstees of the Charity are resp(Msible for thè weparatM)n of the accounts In aLxordance with th requirements ol the Charities Acl 2011 ('the 2011 Acl'l I report in respect of my examination of the Chaiitys accounts cafried out under Secti 145 of the 2011 Acl and in carrying out my examination I have fcdlowed the aPF4icable Diredbjns given by tho Charlty Cornmi8s*)n under section 14515}Ibl of the 2011 Act. Indopondont 8xamlnorf8 $tat•m•nt Your attention is drawn to the fact that the Charity has preparod the a¢o)unts in xcordan¢e wrth Accounting and Rewlng by Charilles.. Statement of Re¢ommended Practice apFAicable to charities preparing iheir accounts in accordance vllh the Financlal Rewting Standard aprAicablé in the UK and Republic of Ireland IFRS 102} in preference lo the Accounting and ReFM)rting by Char[1. Slalement of Recornmended Practice Issued on 1 Aprll 2005 which is referred lo in the extant rewlats'ons but has l)een wilmrawn. l understand that thi$ has been done in lyder for Ihe 8cc(wnts lo provide a true and fair vthy in accordance with the Generally Accepted AtrwnlirvJ PractKe effecb've fty rep(Kting periods beginniry on or after 1 January 201 S. I have completed my examination. I confirm thal rK) matters have corne to my attention in connectK)n with the examination giving me cause lo boliev• that in any material resp8¢1: accounting records were not kept in rnspeci of lh8 Chartty as required by section 130 of the 2011 Act; or thè aGcounts do not acc£Yd with Ihxe re(xxds: or the accounts do nol comply with the appIlble requirements con¢emirvJ the form and content of accounts sel out in the Charities (Accounts arKI RepKJrt51 Regulations 2008 other than any Tequiremenl that the accounts give a and fairf viww Nthich is not a matter ndered as part of an independent examinatic. I have no concems and have come across no olher matters in con1ctiOn with the examinalion lo which attention should drawn in this report in order to enable a Fyoper undetstanding ofthe ac£ounts to be reached. Signed: Dated: 0110912023 Stuart McKay Bsc FCA DChA MHA, Chartered Accounlanls, 6th Floor. 2 London Wall Place. EC2Y SAU
THE BORIS KARLOFF CHARITABLE FOUNDATION STATEIAENT OF FINANCIAL ACTWMES FOR THE YEAR ENDED 5 APRIL 2023 Unrestricted Endowfflenl funds funds 2023 2023 Total lund8 2023 Tot81 funds 2022 Incom• from". Divr(lends arKJ inlerest from investments Bank interest receivable 84,747 251 84,747 254 71,821 Tolal Sn¢offl• Exp•nditur• on: Grants lo institution$ Legal and professional fees Bank charg83 Independonl examination Other expenses Investment management costs 85.001 85.001 77.825 51,538 3,600 507 3, 792 70 13.739 3.750 385 4.140 159 3.750 385 4.140 159 15,828 15,828 Totsl •xpendltur• T1234 15.828 93.062 73,246 Not Inc4JMo1{gxnItUr•1 bofor• n•t 110•$o$Vgaln8 on invo•lments 7.767 115.828) (180,4341 18.0611 (180,434) (1,421) 95,628 Net {Ios8esygains on investments (Xher r•cognls•d galns: N•t mov•m•nt In lund• Roconclllatlon ol fund•: 7,767 {196,2621 (188,495) 94.207 Totsl funds brought fi)rward 81,399 3286,066 3,367,465 3,273,258 Not movement in lunds 7.767 {1K2621 (188.495) 94,207 Total funds carrled foThvard 89.166 3.089.804 3,178,970 3,367,465 The Ststement of financial activiltes indth all gains and105ses r8wgnised in thg year. In the prior year investm8nl management costs of £13.739 were dlocated to Ihe En(k)wmeN fvnds. All other income and exp8nditure re(x)gnised in th8 was allocated to l from Unrestricted funds. The notes on pages 8- 16 fo part of Itr financid slatements.
THE BORIS KARLOFF CHITABLE FOUNDATION BALANCE SHEET AS AT 5 APRIL 2023 2023 2022 Flxed assets Inv851ment5 3.067,085 3.025,303 3.067.085 3.025.303 Curyent a•s•ts Debtors C8sh al bank and in hand 15,058 102.126 12.531 334,423 117.184 346.954 Creditors.. amounts falling due within one year 15.299) (4,792) N•t current a••ets 111,885 342,162 Total nol a•sets 3.178.970 3,367.465 Charlty funds Endowment fur9 Unrestricted funds 3,089,804 89.166 3,286,066 81,399 Total funds 3.178,970 3,367,465 The fin¢101 slatements were apwovod ar¥J authorised for Issue by tho Tw$tees arKI slgngd on thelr bahalf by: Lewls Trustee Date. r4 Zoz 3 The notes on pages 8 to 16 fomj part of Ihese finanaal staternents.
THE BORIS KARLOFF CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 General Inft>rmatlon The Boris Karloff Charitable Foundation is a registered charitsble Trust (Charity reglstered number 3268981 with the Charity Cornmission in England and Wales. The address of the registered office is gven Ihe FourKJaticm infonnakn cn pa98 1 of th8se financial stalemenls. The nature ol the Fowmlalion operationg and wnopal actsty is for the benefit of suth exdusively ch8ritable objects and purposes as the Tnjslees in Iheir absolute digcretion think fil. Accountlng pollch• 2.1 Bas18 of prep•rallon of flnanclal statsrnents The finandal $ts1omenl$ have been prepared In acoydance wlth the charit8 SORP IFRS 1021- Accounting and Reporting by Charities.. Stalem1 of Recommended Practice applicable lo charities preparing Iheir accounts in ac£ordanc8 VAth the Finanual RetIng Star*tsrd epph'cable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011. The financial stslements have teen prepafed to gfve a Irue and fairf Mew and have departed from the Charities {A¢counls and Reptytsl Regulations 21))8 1)nly lo the extenl required to provlde a 'lrue and fairf wew. This departure has invdved foll1ng the charit SORP IFRS 1021 pUished in October 2019 rather than the A)Unting and Reporting by Charities.. SIAtemenl of Recommended Praclice effective from 1 April 2005 which ha8 since been wiihdrawn. The Boris Karloft Charltae FoundatKn meets the definitlon ol o public benefit enllty under FRS 102. Assets and liabilities are initially Tecognised al historical cost or transaction valu8 unless Otherwise slated in the relevant accounting prAicy. The financial statements are prepared in pounds sterling lch 1$ both the functional and prestational currency of FouThJation and are rwnded to the nearest pnd SterIg. The Significant ac¢ounting policies applied in the preparation of Ihese finan¢i81 statements are sel out below. These policies have been consistenty applied to all years presented unless othe19e 51ated. 2.2 Golng conum The financial slatements have been prepared on a concem basis as the Trustees believe that no fflalerial unrtaInties exisl. The Truslees have 0sIdered the level of fvnds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted inGome arKI eXperlIvre is sufficient wilh the level of reseryes for Ihe Foundation to be able to Contin as a going concem. 2.3 Income All income is recognised once the Charity has entillement to the inwne. tt is probable that the income will be received and the amount of inccffie rl¥able can be rngasured relbabty. Income tax recoverable in relation to in¥estm8nl wKome is recognised at the time the inv8Stment income is receivable.
THE BORIS KARLOFF CHARtrABLE FOUNDATION NOTES TO THE HNANCIAL STATEMENT8 FOR THE YEAR ENDED S APRIL 2023 Accountlng poll¢l¢s (¢ontlnued) 2.4 Expondlture Expenditure is rectNJnised once tt18re is a legal or LX)nstructive obligatK)n to transfer economic benefit lo a third paty. il is probable that a transfer of economic beneffts wlll be requred n settlement and the amount of the obligation can be measured reliably. Thoro were no staff costs irKurred in eilher wiod. Expenditure on chariLqble acbviknes is incurfed on directy undertaking the adivltlas which lurther the CharitS objectives, as well as any asso¢iat¢d support c13. Grants payable are ¢hargod in the year when the offer is made except in those cases where Ihe offer is condib'onal. $u¢h grants being recognised as oxpgnditur8 when the conditions attaching are fulfilled. Grants offered subject lo conditions lch have nol been met al the year end are noted as commitment, but not aeL¥u6d a$ 8xp8ndilure. All expenditure k8 indusbve of irrecoveralle VAT. 2.5 Invoslm•nts Fixod asset investrnents are a fom of baslc financial instrument and are inilially recognlsed al their transaction cosl and subsequenlly continu¢)usty measured al fair value using the closing quoted market price at the Balance Sheel dale using the mark lo markel basbs of valuation. All galns and losses are taken lo the Slalement of Financial Activities as thgy arise. The Ststement ol Flnancial Aciivmies lThJudes lh8 nel galns and losses artsing on revaluatlons and disposals through¢)ut Ihe year. As inveslments are revalued to fair value continuously, no realised gains or losses arise. Th8 Foundation does acqre or hdd wl options. derivall¥es. or other C4)mplex financlal In8trum8nls. 2.6 Debtorn Trade and other debtors are TecTrJnwd at Ihe settlement nnI after any Ir8de discount offered. Prepaents are valued at amcxint prèpaMI net of any trade disctsjnts thje. 2.7 Cash at bank and In hand Cash al bank and In hand indudes cash and shcrt-lem highly liquKI Investrnents with a short maturity of three month5 Or less Irom Ihe dale of acquisiknon or opening of the deposit or similar account.
THE BORIS KARLOFF CHARtTABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accountlng pollcle¥ (conllnued) 2.8 Llabilitlos and provlsion• Liabdities are reujgnised when there ig an 019ation at the Balance sheet date as a result of a past event, it is probable that a transfer of economi¢ benefft will be required in seluemenl, and the amount of the 5etdemenl can be estimated reliably. Liabilitie8 afe recognised al the amount that the Charity anticipales il will pay lo selue the debt or the am(yJnt il has received as advanced payTnents for the goods or services it musl provide. Provision5 are measured al the best estimate of the amounts required to settle the obligalion. Where the effed of the tirne value ol money is material. the F)rovision is based on the present value of those amounts, discounted at Ihe taX disc(MJnt ral& that reflects the risks specrfic to the liability. The unwinding of the discount rec¢Yjnd in the Statement of activtties as a finance cost. 2.9 Flnancll In#trnnnts The Charity only hclds bas financial instruments. The financial assets and financial liabrfi118s of the Charlty are as fdlows. Debtors - sundry debtors and accrued income are basic finanryal inslruments and are debt instnjments measured al amOrtI cost as delailed in Nole 7. PrepayTnents are not financial instruments. Cash al bank- is classthed as 8 basic finrial Instrument and Is measured al face value. Llablltdes - accruals and other crndrtors are cJasstlSed as flnanclal Instruments arwj are measured al amortised c05t as detaiw in Note 8. 2.10 Fund ac¢ountln9 General funds ar8 unrostrict8d funds t*4hich are avaiiatlo for u60 at the discrolion of the Trustees in furtherance of the general obj'ecltves of Ihe Charity and which have not been deslgnated for other purposes. Expenda0 En(knl funds iepresent th088 assets which be hekl by the Foundation but can be applied on charitable activities al the discretion of the Truslees. Income arising on the endowment funds can be used in ac(y)fdance the objects ol the F(wndation and is induded in unrestricted Incle. Investrnent manageffenl costs are deducted direcliy from the endowment fvnd. Investment income. gains and keS are alkjcated lo tt)e appropriate fund.
THE BORIS KARLOFF CHARTtABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Independenl examlnerfs remun•rntlon 2023 2022 Fees payable to the Chwivs independenl examiner for the Independent examination of Ihe Charitys annual acCjnIS 4.140 3.792 Tru•ts••' r•mwi•rntion and exp•ns•s During the ar. no Truste8s, who CApriSe all Ihe Key Management Personnel of the Foundatw)n, neither received or waN&J any remuneration other benefits12022 - £NIL). During the year ended 5 April 2023, 1 Trustee wa$ reithtsed expenses of £159 for travel and $ubsislence {2022- £70 reimbursed to 1 Trusle8}.
THE BORIS KARLOFF CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Grants to Insthutlons 2023 2022 Ajive and Kicking Theatre Alrneida Theatre Annonico Arundel Casile Cri¢kg1 Foundation Ballet Lorent Bamsley Youth Cholr Blshop Monklon CC Blind Cricket England and Wales Box Clever Thealre Brixton House Carousel Cheell Theatre Company Chlckensh6d Thoalre Circus Slar 1,000 (7,500) 5,000 1.000 1.000 1,000 500 1,000 750 1.000 1.000 1,000 750 Clowns In Ihe Sky Constella Create Devon Development Educati Donmar Theaire English Touring Opera Exmouth Cricknl Club Frafflington Area Yth Action Partnership Galliuns Glouce51pr5hiTe Academy of Music GcAden Toad Theatr& Group 64 Halle Interacl Stroke Iris Theatre Company Kandinsky Kiln Theatre 1.000 1.000 1,1)00 2,000 (1,0) 1, 188 1,000 1.000 2.000 Krazy Kal Theatre The London Academy of Music and Dramatic Art ILAMDAI London Bubble Theatre 1,500 London Sinfonigtta Stotal carrl¢d fornTard 32.250 28.538
THE BORIS KARLOFF CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Grants to IMtltutlon (continued) 2023 2022 Sub-total brought forward London Youth Choirs Maslerclass National Youth Jazz Orchestra Olympias PapaTango Theatre Company Philh8m)onia Orchest Polka Theatre RADA IThe BoTi5 Karloff SclKAarshlp Fund) Really Promising Company Roy81 S¢ottish Nallonal Orthestra The Rude Mechanical Theatre C¢)mpany Scene and Heard Sound and Music Soulhend Cricket aub Soulhwark PlaU88 Sirange Town Sudden Productions Suffdk Philharmonic Orth•$tra Theatre Rordl Straifcd East Toba¢¢o Theatre Told by an Idiot Troupe Produclions Two's Company Two Moors Festival Welsh National Opera Wllton's Muslc Hall Tn1 The Y*d Theatrè Ltd Youth Music Centre Yvonne Amaud Theatre ManagerMI Ltd 32,250 1.000 28.538 1.000 1,000 3.000 6.000 800 1,500 1.000 1,500 1,500 1,250 2,000 1,IKIO 500 1,5CKI 1,500 1,000 (1,000) 1,000 2,OlXI 2,500 68,800 57,538
THE BORIS KARLOFF CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Fixed assot investments Llsted Snvestments Cost or valuatlon Al 6 April 2022 Addl1)n$ Disposals Revaluations 3,025,303 540,612 (318,396) (180,434) Al 5 Aprll 2023 3,067,085 Net book value At 5 Aprfl 2023 3,067,085 At 5Apn"12022 3,025,303 The lair value of listed investments is d8temiined by referenc• to th8 quoted pdcè for identical agsets in an active market at the balance sheet date. Included within Cash al Bank and in Hand is tr£ Capital Cash account of £23,71912022- £261,763). Debtors 2023 2022 Due wlthln one year Prepayments and accrued inrne 15.058 12,531 15,058 12.531 Crgdltorn: Amounts falllng due wlthln year 2023 2022 A¢¢ru4s 5,299 4,792
THE BORIS I(ARLOFF CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APREL 2023 Statsfflent of funds Stslement of fund¥ - current ye•r Balanc• at 6 Awll 2022 Gainsl Balance at S {Lo$$esl April 2023 Income Exp•nd•lure Unro8lrlded lunds General funds 81.399 85.1x11 In,234) 89,166 Endowmont fund• Expendable Endowment fund 3,286,066 115,828) (180.434) 3,089.804 Total of funds 3.367.465 85,001 {93,1)62) (180,434) 3,178,970 Stat•m•nt of fund• . prlor yoar 8•18nce al l Apnl 2021 G8ins/ Balance at (Losses) 5 April 2022 Income Expenditure Unr•strlded fund• General funds 69,081 71.825 (59.507) 81.399 Endowrn•nt fund• Expendable Endowmènt ld 3,204. 177 (13.739) 95,628 3,286,066 Total of funds 3,2T3,258 71.825 (73.2461 95.628 3,367,465 The General fund has been eStatlshe to recognise all income and expenditure in respect of actNilies undertaken by the Charity outside the Endowment fwd. The Endowmenl 1$ expeTrJable in nature. and is considered to consist of the value of the investments. induding Ihe c8Pit81 bank accounL Where necessary furmts are transferred to the unrestricted fund to support the grant gimng.
THE BORIS KARLOFF CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 10. Anatysis of net assets belween fvnds Analysls of n•t •8sets betw•èn funds - ¢urrent ywr Unrestrlcted Endowment funds fund$ 2023 2023 Total funds 2023 Fixed asset investments Current assets 3,067,085 23.719 3.067.085 117.184 (5,2991 93,465 14.299) Creditor5 due withln one 89,166 3,089.804 3,178,970 Analysls of not assets between fund• - Pflor y¢ar Unre51rided Endowment funds funds 2022 2022 Total runds 2022 Fixed assel inveslrnents CurTenl assets Creditors due v*thin one year 3,025,303 261.763 (1.IXK)I 3.025,303 346,954 (4.792J 85,191 (3,7921 Total 81.399 3.286.066 3,367,465 11. R•latod p•rty tran•4on• Other than Trustee and Key Managomenl Personnel transaclk)ns delaled in Note 4. there we no related party transactions durirwJ the Pafiod (2022 - None).