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|||Page||
|---|---|---|---|
|Chairman's
Report||||
|Report ofthe Trustees|2|to|5|
|Rcport ofthc independent
Auditors|6|to|8|
|Statement ofFinancial Activities||||
|Statement ofFinancial Position||10||
|Statement ofCash Fiovvs||||
|Notes to the Statement ofCash Flows||12||
|Notes to the Financial Statements|13|to|20|
|Detailed Statement ofFinancial Activities|2i|to|22|
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|||||||||Period|
|---|---|---|---|---|---|---|---|---|
|||||||||6.4.21|
||||||||Year I ndcd|to|
||||||||31,3,23|31.3.22|
||||||Unrestricted|Restricted|Total|Total|
||||||fimds|fund|funds|I'unds|
|||||Notes|f||f||
|INCOME AND ENDOWMENTS FROM|||||||||
|Donations and legacies||||3|818,500|5,607|824,107|805,071|
|Investment
income||||4|435,642||435,642|313/56|
|Other income|||||100,104||100,104|292,197|
|Total|||||1,354,246|5,607|1,3S9,8S3|1,410,524|
|EXPENDITURE|ON||||||||
|Raising funds|||||||||
|Raising donations|and legacies||||27,443||27,443|24,209|
||||||27,443||27,443|24,209|
|Charitable
activities|||||||||
|Arts|||||139,130||139,130|129,418|
|Education|||||306,489|3,000|309,489|275,811|
|Medicine|||||256,148|3,927|260,075|227,131|
|Scholarships
and Grants|||||35,700||35,700|90,250|
|Atnhivc Trust|||||190,000||190,000|200,000|
|Other Charities|||||3,700||3,700|2,200|
|Science|||||85,447||85,447|76,074|
|Economics|||||16,000||16,000|17,372|
|Other|||||7,190||7,190|7,858|
|Total|||||1,067,247|6,927|1,074,174|1,050,323|
|Net gainsi'(losses)|on|invcstmcnts|||(411,321)||(411,321)|(89,423)|
|NET INCOME/(EXPENDITURE)|||||(124,322)|(1,320)|(125,642)|270,7'N|
|RECONCILIATION|||OF FUNDS||||||
|Total funds brought||forward|||3,922,548|10,336|3,932,884|3,662,106|
|TOTAL FUNDS|CARRIED FORWARD||||3,798,226|9„016|3,807,242|3,932,884|
##
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|fund|lands|funds|
|||Notes||F.|||
|FIXEDASSETS|||||||
|Investments||11|3,408,773||3,408,773|3,723,087|
|CURRENT A$$E'I'S|||||||
|Debtors; amounts|falling due within onc year|12|8212||8,212|7,274|
|Debtors: amounts|falling due aRer morc than onc||||||
|year||12|100„000||100,000|100,000|
|Cash at bank|||487,241|9,016|496,257|108,523|
||||595,453|9,016||215,797|
|CREDITORS|||||||
|Amounts
falling duc within one year||13|(206,000)||(206,000)|(6,000)|
|NET CURRENT|ASSETS||389,453|9,016|398,469|209,797|
|TOTAL ASSETSLESSClJRRKNT|||||||
|LIABILITIES|||3,798,226|9,016|3,807,242|3,932,884|
|NET ASSETS|||3,798,226|9,0l6|3,807/42|3,932,884|
|FUNDS||14|||||
|(Jnrcstiictod
funds|||||3,798,226|3,922,548|
|Restricted
fundr.|||||9,016|10,336|
|TOTAL FUNDS|||||3,807,242|3,932,884|
##
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||||||Period|
|---|---|---|---|---|---|
||||||6.4.21|
|||||Year Ended|to|
|||||31.3.23|31.3.22|
||||Notes|||
|Cash flows frosn operating|activities|||||
|Cash generated
from operations||||378,275|361,550|
|Nct cash proviAxl
by operating||activities||378275|361,550|
|Cash Aows from investhLg|activities|||||
|Purchase ofttxcd asset invcstmcnts||||(755,431 )|(1,322,743)|
|Gain on fixed asset investments||||100,104|292,197|
|Sale uffixe asset investments||||573,641|661,214|
|Movement
in investment
cash||||86,145|(81,216)|
|Interest received||||5,000|5,020|
|Nct cash provided
by/(used|in)|investing|activities|9,459|(445,528)|
|Change ln cash and cash equivalents|||in|||
|the reporting
period||||387,734|(83,978)|
|Cash and cash cquivalcnts|at|thc||||
|beginning
ofthe reporting|period|||108,523|192,501|
|Cash and cash equivalents|at|thc cnd|of|||
|lhe reporting
period||||496,257|108,523|
##
|OPKRATlNG AC|TIVITIKS|||||
|---|---|---|---|---|---|
||||||Period|
||||||6.4,21|
|||||Year Ended|tn|
|||||31.3,23|31.3.22|
|Net (expenditnre)lincotnc
for the reporting||period (asper the||||
|Statement ofFinancial Activities)||||(125,642)|270,778|
|Adjustments
for:||||||
|Losses on iiivestments||||510,062|381,544|
|Profit on disposal offixed assets||||(100,104)|(292,197)|
|Interest received||||(5,000)|{5,020)|
|Profit on disposal ofinvestnients||||{It)0,104)|{292,197)|
|{Increase)/decrease|in debtors|||(937)|297,642|
|Increase in creditor||||200,000|1,000|
|Net cash provided|by operations|||378,275|361,550|
|ANALYSIS OFCHANGES IN NFT FUNDS||||||
||||At 1.4.22|Cash fiow|At 31.3.23|
|||||K||
|Nct cash||||||
|Cash at bank|||108,523|387,734|496,257|
||||108,523|387,734|496,257|
|Total|||108,523|387,734|496,257|
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|4,|INVEST|ME|NT INCOME|||
|---|---|---|---|---|---|
||||||Period|
||||||6.4,21|
|||||Year Ended|to|
|||||3I,3,23|3I,3,22|
||Dividend|inconte||430,642|308,236|
||Deposit account interest||||20|
||Loan interest|||5,000|5,000|
|||||435,642|313,256|
|S.|CHARITABLE ACTIVITIES COSTS|||||
|||||2023|2022|
|||||l'.||
||Grants payable||(see note 6)|1.039,541|l,0I8,256|
||Other|||7, I90|7,85K|
|||||l,046,731|1,026,114|
|6.|GRANTS|PAYABLE||||
||||||Period|
||||||6.4,21|
|||||Year Ended|to|
|||||31,3,23|31.3.22|
|||||f.||
||Arts|||139,130|129,4I8|
||Education|||309,489|275,811|
||Medicine|||260,075|227,131|
||Scholarships||aod Grants|35,700|90,250|
||Archive Trust|||190,000|200,000|
||Other Charitics|||3,700|2,200|
||Science|||85,447|76,074|
||Economics|||16,000|I7,372|
|||||1,039,541|1,0lb,256|
##
##
|finance|||||
|---|---|---|---|---|
|||||Period|
|||||6.4,21|
||||Year Ended|to|
||||31,3.23|31.3.22|
||||Other||
||||resources|Total|
||||expended|activities|
|||||E|
|Bank charges|||110|168|
|Governance|costs||||
|||||Period|
|||||6,4.21|
||||Year Ended|to|
||||31.3,23|313,22|
||||Other||
||||resources|Total|
||||expended|activities|
||||f.||
|Accountancy|fees||1,900|1,800|
|Audit Fees|||5,180|4,990|
|Legal/Professional||Foes||900|
||||7,080|7,690|
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||No employees
receiv|No employees
receiv|ed emoluments
in excess of' t'6(I.000,|ed emoluments
in excess of' t'6(I.000,|ed emoluments
in excess of' t'6(I.000,|||
|---|---|---|---|---|---|---|---|
|Iit.|COMPARATIVES||FORTHE STATEMENT OFFINANCIAL ACTIVITIES|||||
||||||Unrestricted|Restricted|Total|
||||||fhllds|fund|hulds|
||||||E|E||
||INCOME AND FNDOWiiIKNTS FROM|||||||
||Donations
«md legacies||||391,713|413«358|805,071|
||investment
income||||313,256||313,256|
||Other income||||292,197||292,197|
||Total||||997,166|413,358|1,410,524|
||EXPENDITURE|ON||||||
||Raising funds|||||||
||Raising donations|and legacies|||24,209||24,209|
||||||24,209||24,209|
||Charitable
activities|||||||
||Arts|||||129,418|129,418|
||Educ«stion||||267,8 1 l|8,000|275,811|
||Medicine||||104,13l|123,000|227,131|
||Scholarships
and Grants||||90,250||90,250|
||Archi vc Trust|||||200,000|200,000|
||Other Charities||||2,200||2,200|
||Science||||76,074||76,074|
||Economics||||17,372||17„372|
||Other||||7,858||7,858|
||Tntal||||589,905|460,418|1,050,323|
||Net gains/(losses)|on|investments||(89,423)||(89,423)|
||NET INCOME/(EXPF|||NDITURK)|317838|(4'7,060}|270,778|
||RECONCILIATION|||OF FUNDS||||
||Total funds brought||forward||3,604,71i|57,395|3,662,106|
##
|10.|COMPARATIVES FORTIIESTATEMENT|OFFINANCE.|ACTIVITIES - continued|ACTIVITIES - continued||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|fund|funds|
|||||E||
||TOTAL FUNDS CARRIED FORWARD||3,922,549|10,335|3,932,884|
|I1.|FIXEDASSET INVESTMENTS|||||
|||Listed|Unlisted|||
|||investlilelils|investments|Casl'1|Totals|
|||E|E|E|E|
||MARKET VALUE|||||
||At 1stApril 2022|3,202,547|353,889|166,651|3723087|
||Additions|755,430|||755,430|
||Disposals|(573,641)|||(573,641)|
||Revaluations|(376,256)|(33,701)||(409,957)|
||Movement
in the year|||(86,146)|(86,146)|
||At 31stMarch 2023|3,008,080|320,188|80,.505|3,408,773|
||NET BOOK VALUE|||||
||At 31stMarch 2023|3,008,080|320,188|80,505|3„408,773|
||At 31st Marclt 2022|3,202,547|353,889|166,651|3,723,087|
|||Listed|Unlisted|||
|---|---|---|---|---|---|
|||Invcsttztoilts|invcstntcnts|Casll|Totals|
|||||E|E|
|Valuation|blf|523,901|(546,926)||(23,025)|
|Valuation|2023|(376,256)|(33,701)||(409,957)|
|Cost||2,860,435|900,815|80,505|3,841,755|
|||3,008,080|320,188|80,505|3,408,773|
##
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|12.|DEBTORS|||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||Amounts
fall ing due within onc year:|||||||
||Other debtors|||||4,789|4,677|
||Prepayn1ents|rnid accrued|income|||3,423|2,597|
|||||||8,212|7,274|
||Amounts
falling due after more than one year:|||||||
||Other debtors|||||i00,000|100,000|
||Aggregate
anlo1ults|||||I08,212|107,2"74|
|13.|CREDITORS: AMOUNTS I'ALLING DUE WITHIN ONE||||YEAR|||
|||||||2023|2022|
||Accruals aud|dcfcrrcd income||||206,000|6,000|
|14.|MOVEMKNT IN FUNDS|||||||
|||||||Net||
|||||||nlovcnlcnl|Al|
||||||Al I.4.22|in funds|31,3.23|
||Unrestricted|funds||||||
||Genel1li ftlnd||||3,922,548|( I24.322)|3,798,226|
||Restricted funds|||||||
||Restricted||||10,336|(1,320)|9,0I6|
||TOTAL FUNDS||||3,932,884|(125,642)|3,807,242|
||Net movement|in funds,|included|in the above are as follows:||||
|||||Incoming|Resources|Gains and|Movenlenl|
|||||resources|expended|losses|in funds|
|||||||f,||
||Unrestricted|funds||||||
||General
fund|||1,354,246|(1,067,247)|(411,321 )|{124,322)|
||Restricted fullds|||||||
||Restricted|||5,607|{6,!?27)||(1,320)|
||TOTAL FUNDS|||1,359,853|(1,074,174)|(411.321j|(125,642)|
##
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||||Nct||
|---|---|---|---|---|
||||movement|At|
|||At6.4.21|in iimds|31.3,22|
|||f.|K||
|Unrestricted|funds||||
|General fund||3,604,711|317,837|3,922,548|
|Restricted funds|||||
|Restricted||57,395|(47,059)|10,336|
|TOTAL FUNDS||3,662,106|270.,778|3,932,884|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||E|K|K|K|
|Unrestricted|funds|||||
|General fund||997,166|(589,906)|(89,423)|317,837|
|Restricted
funds||||||
|R.cstrictel||413,358|(460,417)||(47,059)|
|TOTAL FUNDS||1,410,524|(1,050,323)|(89,423)|270,778|
##
##
||||||Period|
|---|---|---|---|---|---|
||||||6.4.2 1|
|||||Year I';ndcd|to|
|||||31.3.23|31.3.22|
|||||f.||
|INCOMK ANI? KNDOWMKNTS||||||
|Donatlous
and legacies||||||
|Doltations||||824,107|805,071|
|Investment
income||||||
|Dividend
income||||430,642|308,236|
|Deposit account intcrcst|||||20|
|Loan interest||||5,000|5,000|
|||||435,642|313,256|
|Other income||||||
|Gain/profit
sale ofinvestment||||100,104|292,197|
|Total incoming resources||||1/59,853|1,410,524|
|KXPEND1TURK||||||
|Raising donations|and legacies|||||
|Fundraising
expenses||||11,584|1,663|
|Investment
management|||fees|15„859|22,546|
|||||27,443|24,209|
|Charitable
activities||||||
|Grants to institutions||||1,039,541|1,0i8,256|
|Support costs||||||
|Kinance||||||
|Rank charges||||110|168|
|Governance
costs||||||
|AceounttLttcy
fees||||I 900|1,800|
|Audit Fees||||5,180|4,990|
|Legal/Professional||I'ees|||900|
|||||7,080|7,690|
|Total resources expended||||1,074,174|1,050,323|
|Net income helore|gains and losses|||285,679|360,201|
|Realised recognised||gains and losses||||
|Carried forward||||285,679|360,201|
##
|||||||Period|
|---|---|---|---|---|---|---|
|||||||6.4.21|
||||||Year Ended|to|
||||||3l3.23|31.3,22|
|||||||L'|
|Realised|recognised||gains and losses||||
|Brought|forward||||285,679|360,201|
|l.Jnrcalised||gains/losses||on fixed asset|||
|investments|||||{411,321)|(89,423)|
|Net (expenditure)/income|||||(125,642)|270,778|