##
##
##
|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|||||||