| Trustees' Annual Report |
|
|---|---|
| independent Examiner's |
Report |
| Receipts and Payments Account | |
| Statement ofAssets and | Liabilities |
| Notes tothe Accounts | |
| Schedule ofinvestments |
| The charity's | advisers | during the year ended 9October | 2023were: | ||
|---|---|---|---|---|---|
| Solicitors | Hallmark Whatley Huime LLP,3-5 Sansorne Place, Worcester, |
||||
| WR1 1UQ | |||||
| Administrator | Bryony Gaskell, 57Geraldine | Road, Malvern, Worcestershire, | |||
| WR143NU | |||||
| Bankers | Lloyds Bank pic, The Cross, Worcester, WRl 3PY | ||||
| Stockbrokers | Canaccord Genuity Wealth Management, | Princes Drive, | |||
| Worcester, WR1 2AB | |||||
| Independent | Examiner | Melissa Godwin ACCA ACA, | The Richards | Sandy Partnership | |
| Limited, Chartered Certified |
Accountants, | Thorneloe | House, 25 | ||
| Barbourne Road, Worcester, | WR11RU |
| FORTHEYEARENDE | D 9OCTOBER | 2023 | |||
|---|---|---|---|---|---|
| 2023 | 2922 | ||||
| UNRESTRICTED | RESTRICTED | TOTAL | TOTAL | ||
| INCGMK FUND | GLPlTAL FUND | FUNDS | FUNDS | ||
| f | f | ||||
| Receipts | |||||
| Investment income. |
|||||
| Dividends and Interest | from | ||||
| listed investments | 24,194 | 24,253 | 25,038 | ||
| Bank and other deposit | interest | 1,727 | 1,727 | 262 | |
| Proceeds ofsale ofinvestments | 25,161 | 25,161 | 115,005 | ||
| Total receipts | 25,921 | 25,220 | 51,141 | 140,305 | |
| Payments | |||||
| Direct charitable expenditure: | |||||
| Grants to students | 16,694 | 20,834 | |||
| Investment management |
charges | 6,404 | 3.121 | ||
| Administration | 4,S00 | 4,500 | 4,500 | ||
| Independent Examination |
474 | 474 | 432 | ||
| Purchase ofinvestments | 17,744 | 17,744 | 106,364 | ||
| Total payments | 21,668 | 24,148 | 45,816 | 135,251 | |
| Net receipts/(payments) | for the year | 4,253 | 1,072 | 5,325 | 5,054 |
| Sank balances at9October 2022 | 54,955 | 63,919 | 58,865 | ||
| Bank balances at9October 2023 | 59,208 | 10,036 | 69,244 |
| ASAT9OC | TOBER4623 | |||||
|---|---|---|---|---|---|---|
| 2022 | ||||||
| UNRESTRICTED | TOTAL | TOTAL | ||||
| INCQNK | FUND | FUNDS | FUNDS | |||
| f | ||||||
| Cash and bank deposits: | ||||||
| Bank current | account | 13,022 | 13,022 | 10,314 | ||
| Stockbroker | deposit account | 10,036 | 10,036 | 9,145 | ||
| Charities deposit fund | 46,186 | 46,186 | 44,460 | |||
| 59,208 | 10,096 | 69,244 | 63,919 | |||
| Investment | assets: | |||||
| Investments | at market value ]seepage 7) | 537,900 | 537,900 | 564,581 | ||
| Liabilities: | ||||||
| Independent | Examiner's fees | 474 | 474 | 432 |
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