| CONTENTS | PAGE | ||
|---|---|---|---|
| Trustees' Annual Report |
1-4 | ||
| Independent | Examiner's | Report | |
| Statement of | Financial Activities | ||
| Balance Sheet | |||
| Notes forming | part ofthe | Financial Statements | 8-12 |
| Notes | Restricted Total | Restricted Total | |
|---|---|---|---|
| Funds 2023 | Funds 2022 | ||
| E | E | ||
| INCOME AND EXPENDITURE | |||
| Income and Endowments | |||
| Investment income |
23,096 | 20,968 | |
| Other incoming resources |
~12000 | 12000 | |
| Total Incoming Resources |
35096 | 32968 | |
| Expenditure | |||
| Investment management cost |
1,870 | 2,082 | |
| Charitable activities |
36,687 | 57,260 | |
| Governance costs | 11823 | 11889 | |
| Total Expenditure | 50380 | 71231 | |
| Net (outgoings) before other |
|||
| recognised gains and losses |
(15,284) | (38,263) | |
| OTHER RECOGNISED GAINS AND LOSSES | |||
| Gains on investment | |||
| Net realised gains | 3,012 | 2,683 | |
| Net unrealised (losses)/ gains |
~81404 | 36323 | |
| NET MOVEMENT IN FUNDS |
(93,676) | 743 | |
| Reconciliation of Funds |
|||
| Fund balances brought forward 1st April 2022 |
1053 588 | 1 052 845 | |
| Fund balances carried forward at 31st March | 2023 | 959912 | 2 053588 |
| The notes on pages 9to 12form part ofthese | accounts |
| BALANCE SHEET AS AT 31STMARCH 2023 | BALANCE SHEET AS AT 31STMARCH 2023 | BALANCE SHEET AS AT 31STMARCH 2023 | |||||
|---|---|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||||
| E | E | ||||||
| FIXEDASSETS | |||||||
| Tangible assets | 44,249 | 46,666 | |||||
| Investments | 896325 | 1002864 | |||||
| 940574 | 1049530 | ||||||
| CURRENT | ASSETS | ||||||
| Debtors | 8 | 6,390 | |||||
| Cash at bank | 10 | 25 816 | 12594 | ||||
| TOTAL CURRENT ASSETS | 32206 | 12594 | |||||
| LIABILITIES | |||||||
| Creditors: | Amounts | falling | due | ||||
| within one year | (12,868) | (8,536) | |||||
| Net Current Assets | 19338 | 4058 | |||||
| TOTAL ASSETSLESS | CURRENT | LIABILITIES | 959912 | 1053588 | |||
| The funds | ofthe charity: | ||||||
| Restricted | income funds | 959912 | 1053588 | ||||
| TotalChar | Funds | ||||||
| Appro e |
bythe Board of | Trustees on | I'I /IL/Q | and signed on its behalf by | |||
| Trustee | |||||||
| 7 | |||||||
| Trustee |
| INVESTMENT INCOME | 2023 | 2022 | ||
|---|---|---|---|---|
| f | ||||
| Dividend —U30 Equities, | Overseas Securities and interest | 23,017 | 20,967 | |
| Bank interest | 79 | 1 | ||
| 23 096 | 20968 | |||
| ANALYSIS OF EXPENDITURE | ||||
| INVESTMENT MANAGEMENT | COSTS | |||
| Investment management |
fees | 1870 | 2 082 | |
| Charitable Activities |
||||
| Grant making | 36687 | 57260 | ||
| GOVERNANCE COSTS |
||||
| Advertising costs |
1,200 | |||
| Depreciation (note 6) |
2,417 | 2,420 | ||
| Insurance | 787 | 837 | ||
| Secretary's Remuneration |
—Mrs. A. Alderson | 5,400 | 4,450 | |
| Independent Examiner's |
charges (note 5.1) | 3,060 | 2,880 | |
| Printing, postage and stationery |
75 | |||
| Sundries | 159 | 27 | ||
| 11823 | 11889 |
| 5. | DETAILS | OF CERTAIN ITEMS OF EXPENDITURE | OF CERTAIN ITEMS OF EXPENDITURE | OF CERTAIN ITEMS OF EXPENDITURE | ||||
|---|---|---|---|---|---|---|---|---|
| 5.1 | Fees for examination ofthe accounts |
2023 | 2022 | |||||
| Independent examiner's |
fees for reporting | |||||||
| on the accounts | 450 | 450 | ||||||
| Other fees paid to the independent | examiner | 2 430 | 2 430 | |||||
| 2 880 | 2 880 | |||||||
| 6. | TANGIBLE ASSETS | |||||||
| Land and | Furniture | and | ||||||
| Cost: | Buildings f |
Equipment f |
Total | |||||
| Balance | at 1st April 2022 | |||||||
| and 31st March 2023 | 120953 | 13160 | 134113 | |||||
| Depreciation: | ||||||||
| Brought | forward at 1st April 2022 |
74,400 | 13,047 | 87,447 | ||||
| Charge | for the year | 2 400 | 17 | 2 417 | ||||
| Carried | forward at 31st March 2023 | ~76 800 | 13064 | 89864 | ||||
| Net book value as at 31st March 2023 | 44 153 | 96 | 44 249 | |||||
| Net book value as at 31st March 2022 | 46 553 | 113 | 46 666 | |||||
| Depreciation rate |
20/0 SL | 15/0 | RB |
| INVESTMENT ASSETS | INVESTMENT ASSETS | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| E | E | |||||||
| 7.1 | Fixed Asset Investments | |||||||
| Market value 1st April 2022 | 1,002,863 | 994,455 | ||||||
| Additions | ||||||||
| Disposals | (28,146) | (30,598) | ||||||
| Net realised gains | 3,012 | 2,683 | ||||||
| Net unrealised gains/(losses) |
~81404 | 36323 | ||||||
| Market value 31st March 2023 | 896325 | 1001868 | ||||||
| Cost as at 31st March 2023 | 831087 | 851928 | ||||||
| 7.2 | Analysis of Investments | Market Value | at year end | |||||
| Investments listed on a recognised |
stock | |||||||
| exchange or held in common | investment | |||||||
| funds, open ended investment | companies, | |||||||
| unit trusts or other collective | investment | |||||||
| schemes. | 896,325 | 1,002,863 | ||||||
| Cash held as part ofthe investment | portfolio | 4294 | ||||||
| Total | ~900619 | 1002 86 | ||||||
| 7.3 | Material Investment Holdings |
|||||||
| No investments were above the materiality |
rate of | |||||||
| 5%ofthe value ofthe portfolio | other than investments | in Unit Trusts. | ||||||
| 8. | DEBTORS | 2023 | 2022 | |||||
| Rent | 6,000 | |||||||
| Insurance | 390 | |||||||
| 6390 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | ||||||||
| 9. | CREDITORS: AMOUNTS | FALLING | DUE | |||||
| WITHIN | ONE YEAR | |||||||
| Grants payable | 1,010 | |||||||
| Secretary's remuneration |
4603 | 1350 | ||||||
| 4,603 | 2,360 | |||||||
| Accrued: | ||||||||
| Independent Examiner's |
charge | 2,880 | 2,700 | |||||
| National | Westminster | Bank —Current Account | 5,385 | 1,505 | ||||
| Credit Card Account | 1971 | |||||||
| 8,265 | 6,176 | |||||||
| ~12 68 | 8536 | |||||||
| 10. | CASH AT | BANK | ||||||
| National | Westminster | Bank —Business Reserve Account | 21,522 | 12,593 | ||||
| Rathbone | Investment | Management | —Dealing Account | 4294 | 1 | |||
| 25816 | 12594 | |||||||
| 11. | TRUSTEE | EXPENSES AND | REMUNERATION | |||||
| No expenses and remuneration | were paid to the trustees. | |||||||
| 12. | RELATED | PARTY TRANSACTIONS |