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|Trustees||Lady M Hailer|||
|---|---|---|---|---|
|||WS Trustee Company||Limited|
|||A Heller|||
|||J Hailer|||
|Charity|number|327832|||
|Principal|address|2nd Floor|||
|||12 Little Portland Street|||
|||London|||
|||W1W8BJ|||
|Auditor||Hart Shaw LLP|||
|||Europe
Link|||
|||Sheffield Business|Park||
|||Sheffield|||
|||Sg 1XU|||
|Bankers||The Royal Bank of|Scotland Pic||
|||62/63 Threadneedle|Street||
|||London|||
|||United
Kingdom|||
|||EC2R 8LA|||
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|||Page|
|---|---|---|
|Trustees'
report||1-2|
|Statement
oftrustees'|responsibilities||
|Independent
auditor's|report|4-7|
|Statement offinancial|activities||
|Balance sheet|||
|Notes to the financial|statements|10-16|
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|||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2023|2023|2023|2022|2022|2022|
||||Notes|6|6|K|6||6|
|Income from:||||||||||
|Investments|||3|269,263||269,263|237,869||237,869|
|~ddd||||||||||
|Charitable|activities||4|211,983||211,983|340,844||340,844|
|Net gains/(losses)
on||||||||||
|investments|||8||(135,345)|(135,345)||(48,991)|(48,991)|
|Net movement||in funds||57,280|(135,345)|(78,065)|(102,975)|(48,991)|(151,966)|
|Fund balances||at 1 June||||||||
|2022||||436,184|3,561,795|3,997,979|539,159|3,610,786|4,149,945|
|Fund balances||at 31|May|||||||
|2023||||493,464|3,426,450|3,919,914|436,184|3,561,795|3,997,979|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||6||
|Fixed assets||||||||
|Investment|property||10||3,108,294||3,040,618|
|Investments|||11||374,052||577,073|
||||||3,482,346||3,817,891|
|Current assets||||||||
|Debtors|||13|229,361||274,831||
|Cash at bank and in||hand||245,468||142,850||
|||||474,829||417,881||
|Creditors:|amounts|falling due within||||||
|one year|||14|(37,261)||(37,393)||
|Net current|assets||||437,568||380,288|
|Total assets less current liabilities|||||3,919,914||3,997,979|
|Capital funds||||||||
|Endowment|funds -|eneral||||||
|General endowment||funds||3,426,450||3,561,795||
|||||3,426,450||3,561,795||
|Permanent|endowment|||||||
|Expendable|endowment|||3,426,450||3,561,795||
||||15||3,426,450||3,561,795|
|Income funds||||||||
|Unrestricted|funds||||493,464||436,184|
||||||3,919,914||3,997,979|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||6||
|Income|from property|235,316|204,919|
|Interest|receivable|33,947|32,950|
|||269,263|237,869|
|Grants|payable|||
|||2023|2022|
|Grants|to institutions|175,043|201,462|
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|Support|costs|||||
|---|---|---|---|---|---|
|||Support|Governance|||
|||Costs|Costs|2023|2022|
||||E|f|6|
|Bank charges||35||35||
|Audit fees|||550|550|550|
|Accountancy|||4,175|4,175|3,950|
|||35|4,725|4,760|4,504|
|Analysed|between|||||
|Charitable|activities|220|4,540|4,760|4,504|
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||||Endowment|Endowment|
|---|---|---|---|---|
||||funds|funds|
||||general|general|
||||2023|2022|
||||6|6|
|Revaluation|of|investments|(135,345)|(48,991)|
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|Investment
property|||
|---|---|---|
|||2023|
|||E|
|Fair value|||
|At 1 June 2022||3,040,618|
|Net gains or losses through|fair value adjustments|67,676|
|At 31 Msy 2023||3,108,294|
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||Listed|
|---|---|
||investmentsf|
|Cost or valuation||
|At1 June2022|577,073|
|Valuation
changes|(203,021)|
|At 31 May 2023|374,052|
|Carrying
amount||
|At 31 May 2023|374,052|
|At 31 May 2022|577,073|
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|12|Financial|instruments|instruments|||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||8|f|
||Carrying|amount|offinancial|||assets||||
||Debt instruments||measured||at|amortised|cost|229,361|274,831|
||Carrying|amount|offinancial|||liabilities||||
||Measured|at amortised||cost||||23,025|13,965|
|13|Debtors|||||||||
|||||||||2023|2022|
||Amounts|falling|due|within|one year:|||8|8|
||Other debtors|||||||229,361|274,831|
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|14|Creditors: amounts
falli|ng|d|ue|within one||yea|r||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2023||||2022|
||||||||||||||6||||6|
||Other taxation and social|security|||||||||||14,236||||23,428|
||Trade creditors||||||||||||||||7,312|
||Accruals and deferred income||||||||||||23,025||||6,653|
||||||||||||||37,261||||37,393|
|15|Endowment
funds|||||||||||||||||
||Endowment
funds represent assets which must be held||||||||permanently||by the charity.||Income arising|||on the||
||endowment
funds can be used|||in|accordance||with the objects ofthe charity and is included as|||||||unrestricted||||
||income. Any capital gains|or losses arising
on|||||the assets||form part of||the fund.|||||||
|||||||Balance at|||Investments||Balance at||Investments||||Balance at|
||||||1|June||2021
6|galnsnosses
6||1June 2022|gains/losses
f||||31 May 2023
6||
||Expendable
endowments|||||||||||||||||
||Capital Fund and accumulated|||income
3,610,786||||||(48,991)|3,561,795||(135,345)|||3,426,450||
||||||3,610,786|||||(48,991)|3,561,795||(135,345)|||3,426,450||
||Under clause 3(iii) ofthe|Deed of Charitable|||||Settlement,||the trustees||are given the||power to|accumulate
all||||
||or any part of the income|of the|||trust funds|for a period|||of|21 years|from the date|of commencement|||||ofthe|
||Foundation
by investing|the same
in investments||||||as an accretion to the capital of|||||the property|||from which||
||such income arose and as one fund therewith||||||for|all purposes.||||||||||
||The trustees
are empowered|||to|apply
both|the capital and||||the income for charitable
purposes.|||||Accordingly|||
||the trust
fund
is designated||"The Expendable||||Endowment|||Fund" and incorporates|||income|accumulations||||
||and undistributed
income.|||||||||||||||||
|16|Analysis of net assets between||||funds|||||||||||||
|||Unrestricted
Endowment||||||||Total Unrestricted||Endowment|||||Total|
||||||funds||funds||||funds||funds|||||
||||||2023|||2023||2023|2022||2022||||2022|
|||||||||6||6|E|||6|||6|
||Fund balances at 31|||||||||||||||||
||May 2023 are|||||||||||||||||
||represented
by:|||||||||||||||||
||Investment
properties||3,108,294||||||3,108,294||3,040,618|||||3,040,618||
||Investments|||374,052||||||374,052|577,073||||||577,073|
||Current
assets/(liabilities)|||437,568||||||437,568|380,288||||||380,288|
||||3,919,914||||||3,919,914||3,997,979|||||3,997,979||
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