##
##
##
|||Page|
|---|---|---|
|Trustees'
Annual|Report|1to4|
|Auditors'
Report||5to 7|
|Statement of Financial Activities|||
|Balance Sheet|||
|Statement ofCash Flows||10|
|Notes||11to 19|
##
##
|||||||||
|---|---|---|---|---|---|---|---|
|Bankers||National
Westminister||Bank Pic||||
|||Nottingham
Smiths Branch||||||
|||16South Parade||||||
|||Nottingham||||||
|||NG1 2JX||||||
|Investment|Advisers|Rathbone
Brothers Pic||||||
|||8 Finsbury
Circus||||||
|||London||||||
|||EC2ivi 7AZ||||||
|||Charles Stanley|&Co.|Limited||||
|||55 Bishopsgate||||||
|||London||||||
|||EC2N 3AS||||||
|Auditors||Dafferns
LLP||||||
|||Registered
Auditors||||||
|||Chartered
Accountants||||||
|||One Eastwood,|Harry Weston Road|||||
|||Binley Business|Park|||||
|||Coventry||||||
|||CV3 2UB||||||
|Solicitors||Keystone
Law|||Cleggs|||
|||48 Chancery
Lane|||Apex Court|||
|||London|||Ruddington||Lane|
|||WC2A ljF|||Wilford|||
||||||Notting|ham||
||||||NG11 7DD|||
|Charitable|No.|327176||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Unrestricted|Expendable|2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||Income||Endowment|||
|||||Fund||Fund|Total|Total|
||||Note|||E||E|
|INCOME AND ENDOWMENTS|FROM:||||||||
|Investments||||1,392,291|||1,392,291|1,389,688|
|TOTAL INCOME AND ENDOWMENTS||||1,392,291|||1,392,291|1,389,688|
|EXPENDITURE ON:|||||||||
|Raising Funds|||||||||
|Investment
Management
Costs||||82,809||82,809|165,618|182,084|
|Property Expenses||||76,832|||76,832|77,727|
|||||159,641||82,809|242,450|259,811|
|Charitable
Activities|||||||||
|Charitable
Grants||||1,116,110|||1,116,110|1,065,950|
|Cost ofGrant Making|||||||||
|Grant related support costs||||112,881|||112,881|92,517|
|||||1,228,991|||1,228,991|1,158,467|
|TOTAL EXPENDITURE||||1,388,632||82,809|1,471,441|1,418,278|
|NET INCOME
/ EXPENDITURE|||||||||
|BEFORE OTHER RECOGNISED|||||||||
|GAINS AND LOSSES||||3,659||(82,809)|(79,150)|(28,590)|
|OTHER RECOGNISED GAINS AND||LOSSES|||||||
|Unrealised
Gain/ (Loss) on Revaluation|||of Property|||||49,000|
|Realised Gain/ (Loss) on Sale of|Property|||||||42,500|
|Realised Gain/(Loss)
on Investment||Assets|||(1,077,327) (1,077,327)|||409,689|
|Unrealised
Gain/ (Loss) on Investment|||Assets||(2,784,328) (2,784,328)|||817,000|
||||||(3,861,655) (3,861,655)|||1,318,189|
|NET MOVEMENT
IN FUNDS||||3,659|(3,944,464) (3,940,805)|||1,289,599|
|RECONCILIATION
OF FUNDS|||||||||
|Total Funds Brought Forward||||1,303,908|50,655,630 51,959,538 50,669,939||||
|Total Funds Carried Forward||||1,307,567|46,711,166 48,018,733 51,959,538||||
##
||BALANCE SHEET|BALANCE SHEET|||
|---|---|---|---|---|
||AS AT 5APRIL 2023||||
|||2023||2022|
||Note||||
|FIXEDASSETS|||||
|Investments||40,448, 142||44,464,803|
|Investment
Properties||6,205,000||7,039,000|
|Tangible Fixed Assets|||||
|Total Fixed Assets||46,653,142||51,503,803|
|CURRENT ASSETS|||||
|Debtors|9|207,233|279,900||
|Cash at bank and
in hand|10|2,152,890|1,380,535||
|Total Current Assets||2,360,123|1,660,435||
|CREDITORS|||||
|Amounts
falling due within one year|11|(704,177)|(931,450)||
|NET CURRENT ASSETS||1,655,946||728,985|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|48,309,088||52,232,788|
|CREDITORS|||||
|Amounts
falling due after|||||
|more than one year||(290,355)||(2?3,250)|
|NET ASSETS||48,018,733||51,959,538|
|FUNDS|||||
|Expendable
Endowment|13|46,711,166||50,655,630|
|Unrestricted
Income|13|1,307,567||1,303,908|
|TOTAL CHARITY FUNDS||48,018,733||51,959,538|
##
##
##
|||2023||2022|
|---|---|---|---|---|
||Note|F|||
|CASH FLOW FROM OPERATING ACTIVITIES|||||
|Net Income/(Expenditure)
for year (as per SOFA)||(79,150)||(28,590)|
|Adjustment
for:|||||
|Dividends,
interest and rents from|investments|(1,392,291)||(1,389,688)|
|Depreciation
charge for year||||500|
|(increase)
/ decrease
in debtors||72,667||49,777|
|increase
/ (decrease)
in creditors||(210,168)||(184,270)|
|Net cash provided
(for) / by operating
activities||(1,608,942)||(1,552,271)|
|CASH FLOW FROM INVESTING ACTIVITIES|||||
|Sale of investments||11,421,496||10,931,567|
|Dividends,
interest and rents from investments||1,392,291||1,389,688|
|Purchase ofinvestments||(9,916,043)||(10,693,968)|
|NET CASH FLOWS FROM|||||
|INVESTING ACTIVITIES||2,897,744||1,627,287|
|CHANGE
IN CASH AND CASH EQUIVALENTS||1,288,802||75,016|
|Cash and cash equivalents
brought|forward|2,324,448||2,249,432|
|CASH AND CASH E
UIVALENTS|||||
|CARRIED FORWARD|10|3,613,250||2,324,448|
|Anal sis ofchan es in net debt:||5April 2022|Gashflows|5April 2023|
||||E||
|Cash and cash equivalents||2,324,448|1,288,802|3,613,250|
##
##
##
##
##
##
##
##
##
##
##
##
##
|PROPERTY EXPENDITURE|||
|---|---|---|
||2023|2022|
|||E|
|Light, Heat, Rates and Water|5,990|3,856|
|Insurance
and Security|8,837|16,798|
|Professional
Fees and Advertising|31,167|26,330|
|Service charges|28,338|21,445|
|Refurbishment|2,500|9,298|
||76,832|77,727|
##
##
|CHARITABLE GRANT|S|||||||||2023|
|---|---|---|---|---|---|---|---|---|---|---|
|Purposes
Beneficial to||the||Community|||||||
|Bassetlaw Food Bank||||||||||5,000|
|Citizens Advice Ashfield||||||||||9,500|
|Clifton NG11 Foodbank||||||||||25,000|
|Fareshare||||||||||7,000|
|Friary||||||||||4,500|
|Greenway
Centre||||||||||5,000|
|Hope Nottingham||||||||||10,000|
|Kingsway
Hall Management|||Trust|||||||4,500|
|Malt Cross||||||||||5,000|
|Mansfield
Woodhouse|Community|||||Development|||Group|2,500|
|NIDAS Nottinghamshire||Independent|||||Domestic||Abuse Services|5,000|
|Nottingham
Central Women's||||Aid||||||5,000|
|Nottinghamshire
Community||||Foundation||||-NCF||59,500|
|Nottingham
Narrow Boat||||||||||9,000|
|Notts County Foundation||||||||||5,000|
|Now Church||||||||||3,000|
|Pulp Friction CIC||||||||||2,500|
|Remar Association
UK||||||||||3,000|
|Renewal Trust||||||||||12,500|
|Rosiemay
Foundation||||||||||5,000|
|Sneinton
Hermitage
Community
Social Action Hub|||||Association|||||4,300
4,500|
|STAA
StPeter's United Charities||||||||||5,000
4,000|
|Summerwood
Lane Community|||||Garden|||||1,500|
|||||||||||206,800|
|Education|||||||||||
|Literacy Volunteers||||||||||7,000|
|Read For Good (QMC)||||||||||7,500|
|RISE Learning Zone CIC||||||||||1,000|
|Schoolreaders||||||||||3,000|
|||||||||||18,500|
##
##
##
||||||2023|
|---|---|---|---|---|---|
|Relief of Sickness or Disability: General||||||
|Dove Day Cottage Hospice|||||5,000|
|Improving
Lives Notts|||||5,000|
|Lincolnshire
&Nottinghamshire||||Air Ambulance|299,210|
|Motor Neurone
Disease Association|||||5,000|
|Nottingham
Counselling|Service||||5,000|
|Nottingham
Hospitals
Charity|||||50,000|
|Nottingham
Multiple Sclerosis|||Therapy||8,000|
|Nottinghamshire
Hospice|||||150,000|
|Notts Royal Society forthe||Blind||/ My Sight Nottinghamshire|15,000|
|Open Minds|||||7,500|
|SHE UK|||||6,000|
|West Area Project|||||4,000|
||||||559,710|
|Welfare ofthe Aged||||||
|Age Concern
Mansfield|||||3,700|
|Cornwater
Evergreens|||||5,000|
|Good Companions|||||3,500|
|HandMade
Theatre|||||3,000|
|Trent Dementia|||||2,500|
|Trinity Methodist
Church|Now||Trinity Centre||7,500|
|Wainman
Trust|||||5,000|
|Wollaton
Park Community||Association|||900|
||||||31,100|
|Welfare ofthe Young||||||
|Belvoir Cricket &Countryside|||Trust||3,000|
|Casy|||||5,000|
|Children's
Bereavement|Centre||||5,000|
|Focus on Young People|in|Bassetlaw|||2,000|
|Freedom
Foundation|||||3,000|
|Happy Days|||||2,000|
|Imara|||||3,500|
|Jigsaw|||||1,000|
|Little Hearts Matter|||||5,000|
|Newark Emmaus
Trust|||||5,000|
|Newlife|||||5,000|
|Nottinghamshire
Clubs for||Young People|||3,000|
|Notts. Wildlife Trust|||||5,000|
|Open Homes Nottingham|||||5,000|
|Pintsize Theatre Company|||||5,000|
|Sneinton
Town FC|||||2,500|
|Whizz Kidz|||||5,000|
|Wild Things|||||5,000|
|YMCA (Newark 8 Sherwood)|||||5,000|
||||||75,000|
##
##
##
##
##
##
|||||||2023|
|---|---|---|---|---|---|---|
|Accommodation|||||||
|Betel of Britain||||||15,000|
|Emmanuel
House Support Centre||||||150,000|
|Hetty's||||||20,000|
|Host Nottingham||||||3,000|
|Nottingham
Playhouse||||||32,000|
|||||||220,000|
|Other|||||||
|Support Through||Court|Nottingham|||5,000|
|||||||5,000|
|||||||1,116,110|
|SUPPORT COSTS INCLUDING GOVERNANCE COSTS|||||2023|2022|
||||||E|E|
|Legal Fees|||||24,481|23,198|
|Administration,
Audit Fee|Accountancy|||and Taxation Fees|74,637
5,400|63,382
4,400|
|Sundries||||||50|
|Printing,
postage,||stationery||and office consumables|8,363|987|
|Depreciation||||||500|
||||||112,881|92,517|
|INVESTMENTS||||||2023|
|||||||E|
|Market Value at 6 April|||2022|||43,520,890|
|Additions||||||9,902,102|
|Disposals
Equalisation
Income||||||(10,587,496)
13,941|
|Realised and Unrealised|||losses|||(3,861,655)|
|Market Value at|5 April 2023|||||38,987,782|
|Cash held for Investment|||Purposes|||1,460,360|
|Total||||||40,448,142|
##
##
##
##
##
|INVESTMENTS CONT..|.||||
|---|---|---|---|---|
|Analysis ofInvestments|||2023|2022|
|Quoted Investments|||||
|Bonds|||8,435,066|9,168,487|
|Equities|||24,940,171|27,040,064|
|Alternative
Investments|||5,224,585|6,841,645|
|Property|||387,960|470,694|
||||38,987,782|43,520,890|
|Cash held for Investment|Purposes||1,460,360|943,913|
||||40,448, 142|44,464,803|
|The historical cost of investments||at 5 April 2023was f39,403,569.|||
|INVESTMENT PROPERTIES|||||
|||||2023|
|At Cost or Valuation|||||
|As at 6 April 2022||||7,039,000|
|Revaluation|||||
|Disposals||||(834,000)|
|As at 5 April 2023||||6,205,000|
##
|TANGIBLE FIXEDASSETS|||
|---|---|---|
||C~om|uter|
|Cost|||
|At 06 April 2022||1,502|
|At 05 April 2023||1,502|
|Depreciation|||
|At 06 April 2022||1,502|
|At 05 April 2023||1,502|
|Net BookValue|||
|At 05 April 2023|||
|At 06 April 2022|||
##
##
||||||||||
|---|---|---|---|---|---|---|---|---|
|9.|DEBTORS||||||2023|2022|
||||||||E||
||Rents Receivable
Other Debtors||||||195,114
12,119|257,084
22,816|
||||||||207,233|2?9,900|
|10.|CASH BALANCES||||||||
||||||||2023|2022|
||Cash at Bank
Cash Held by Investment|Advisors|||||2,066,799
86,091|1,292,843
87,692|
||||||||2,152,890|1,380,535|
||Analysis
Of Cash And Cash Equivalents||||||||
||Cash held for investment
Cash at bank and in hand|purposes|||||1,460,360
2,152,890|943,913
1,380,535|
||||||||3,613,250|2,324,448|
|11.|CREDITORS||||||2023|2022|
||Amounts
falling due within|one year|||||||
||Trade creditors
VAT
Grants Committed
Deferred Income
Accruals
Deposit Repayable
Service Charge||||||42,955
12,514
462,107
74,T47
56,985
50,731
4,138|35,010
18,445
683,490
82,426
57,210
50,731
4,138|
||||||||704,177|931,450|
||Amounts
falling due after more than||one year||||||
||Grants Committed||||||290,355|273,250|
||Deferred
income relates to property||income received|in advance.|||||
||||||Under|1 year|Over 1 year
f|Total|
||At 6April 2022
Additions
in year
Amounts
released to income||||82,426
74,747
(82,426)|||82,426
74,747
(82,426)|
||At 5 April 2023||||74,?47|||74,74T|
##
##
##
##
|future
minimum
lease pa|yments.
There are no contingent
|rents:|||
|---|---|---|---|---|
||||2023|2022|
|Within one year|||352,508|432,108|
|Between one and five years|||896,882|1,087,999|
|In over five years|||537,936|716,844|
||||1,787,326|2,236,951|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS||Unrestricted|Expendable|Total|
|||Income|Endowment|Funds|
|||E|E|E|
|Investment
Assets|||46,653,142|46,653,142|
|Current Assets||2,281,360|78,763|2,360,123|
|Creditors||(973,793)|(20,739)|(994,532)|
|Net Assets at 5April 2023||1,307,567|46,711,166|48,018,733|
|GRANT COMMITMENT|RECONCILIATION||||
||||2023|2022f|
|Commitment
at the start|ofthe year||||
|Payable
in less than one year (Note 11)|||683,490|951,118|
|Payable
in more than one year (Note 11)|||273,250|220,489|
||||956,740|1,171,607|
|Grants committed
during|the year (Note 4)||1,116,110|1,065,950|
|Grants paid during the year|||(1,320,388)|(1,280,817)|
||||752,462|956,740|
|Commitment
at the end|ofthe year||||
|Payable
in less than one year (Note 11)|||462,107|683,490|
|Payable
in more than one year (Note 11)|||290,355|273,250|
||||752,462|956,740|
##
##
##