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|Trustees'
annual report||||
|---|---|---|---|
|Reference and administrative|details|||
|Structure,
governance
gr management||||
|Objectives and activities||||
|Achievements
and performance||and plans for future periods||
|Public benefit||||
|Financial
review||||
|Trustees'
responsibilities||||
|independent
Auditors'
report||||
|Statement offinancial activities||||
|Balance sheet|||12|
|Statement
ofcash flows|||13|
|Notes tothe financial statements|||14|
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|Cate pries of rant awards a|nd com arisen with|2021-22|||
|---|---|---|---|---|
||2022-23||2021-22||
|Category|Grantfor|As%age of|Grant for|As%age of|
||Category|total grant|Category|total grant|
|Primary - Individuals|E12,775|4.52%|E4,595|1.72%|
|Secondary and Further|626,434|9.35%|E23,323|8.71%|
|Education - Individuals|||||
|Higher Education|E29,598|10.47%|E31,710|11.85%|
|Schools|E212,962|75.31%|E205,942|76.93%|
|Special needs|E1,000|0.35%|E2,121|0.79%|
|TOTAL|E282,769|100.00%|E267,691|100.00%|
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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|Funds|
|||||Note|2023|2023|2023|2022|
||||||E|E|E|E|
|INCOME|||||||||
|Investment
income|||||||||
|- Income from properties|||||348,656||348,656|347,314|
|- Income from investments|||||57,685||57,685|58,972|
|Other income||||||||1,250|
|Totalincome|||||406,341||406,341|407,536|
|EXPENDITURE|||||||||
|Costs ofraising funds|||||||||
|Investment
property costs|||||175,613||175,613|95,530|
|Investment
management|costs||||10,466||10,466|10,256|
|Expenditure
on charitable||activities|||||||
|Education|||||282,769||282,769|267,691|
|Governance
costs|||||12,776||12,776|8,874|
|Total expenditure|||||481,624||481,624|382,351|
|Net income (expenditure)|||and net||||||
|movement
in funds before|||gains and|losses|||||
|on investments|||||(75,283)||(75,283)|25,185|
|Gains (losses) on revaluation|||and||||||
|disposal of investments||||10|(140,036)||I140,036)|80,617|
|Gain on revaluation
of investment|||||||||
|property||||9||||1,101,250|
|Net movement
in funds|||||(215,319)||(215,319)|1,207,052|
|Fund balance at 1April 2022|||||10,505,663|500|10,506,163|9,299,111|
|Fund balance at 31March||2023|||10,290,344|500|10,290,844|10,506,163|
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||||Note|2023|2022|
|---|---|---|---|---|---|
|||||6|6|
|Fixed assets||||||
|Investment|properties||9|7,620,000|7,620,000|
|Investments|||10|2r485,208|2,639,476|
|||||10,105,208|10,259,476|
|Current assets||||||
|Debtors||||690|8,957|
|Cash at bank and in||hand||226,643|276,494|
|||||227,333|285,451|
|Creditors: amounts||falling||||
|due within|one year||12|I41,697)|I38,764)|
|Net current|assets|||185,636|246,687|
|Net assets||||10,290,844|10,506,163|
|FUNDS||||||
|Restricted funds|||14|500|500|
|Unrestricted|funds||15|||
|General funds||||10,290,344|10,505,663|
|Total funds||||10,290,844|10,506,163|
##
||||2023|2022|
|---|---|---|---|---|
||||6|6|
|Net cash generated
from|operating|activities|(64,083)|44,715|
|Cash flow from investing|activities||||
|Purchase ofinvestments|||(472,849)|(53,675)|
|Disposals ofinvestments|||487,081|46,826|
|Net cash flow from investing
activities|||14,232|(6,839)|
|Change in cash and cash|equivalents|in the year|(49,851)|37,876|
|Cash and cash equivalents|brought|forward|276,494|238,618|
|Cash and cash equivalents|carried forward||226,643|'276,494|
|Cash and cash equivalents|consists|of:|||
|Cash at bank and in hand|||226,643|276,494|
|Net cash generated
from|operating|activities|||
|Net movement
in funds before gains and|||||
|losses on investments|||(75,283)|25,185|
|Depreciation|||||
|(increase) decrease
in debtors|||8,267|16,297|
|(Decrease) increase
in creditors|||2,933|3,233|
||||(64,083)|44,715|
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|3|Investment
income|||2023|2022|
|---|---|---|---|---|---|
|||||f|f|
||Income from UK property|||||
||Rents receivable|||339,598|339,759|
||Room hire|||9,058|7,555|
|||||348,656|347,314|
||Income from UK investments|||||
||Interest and dividends|||56,841|58,944|
||Bank interest receivable|||844|28|
|||||57,685|58,972|
|4|Other income|||||
||This represents
the proceeds from the sale||of a small parcel of land.|||
|5|Staff costs|||2023|2022|
|||||E|E|
||Salaries and wages|||36,509|33,246|
||Social security costs|||||
|||||36,509|33,246|
||The average number|ofpart time employees|during the year was|Number|Number|
||Administration
support staff|||||
||Cleaner|||||
|||||3|3|
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|Grants payable||2023
f|2022
f|
|---|---|---|---|
|Grants awarded|to voluntary
schools and organisations|||
|Ambleside|Primary School|80,070|79,914|
|Grasmere|Primary School|65,498|59,109|
|Langdale|Primary School|67,394|66,520|
|Special grant for Kids Centre booklets|||399|
|||212,962|205,942|
|Grants awarded|to individuals|69,807|61,749|
|||282,769|267,691|
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|Investment|properties||Fixtures,||
|---|---|---|---|---|
|||Freehold
land|fittings and||
|||and buildings|equipment|Total|
|||E|E|E|
|Cost / Valuation|||||
|At 1April 2022||7,620,000|70,319|7,690,319|
|Additions|||||
|Revaluation|||||
|At 31March|2023|7,620,000|70,319|7,690,319|
|At cost|||70,319|70,319|
|At valuation||7,620,000||7,620,000|
|||7,620,000|70,319|7,690,319|
|Depreciation
At 1April 2022|||70,319|' 70,319|
|Disposals|||||
|Charge for the year|||||
|At 31March|2023||70,319|70,319|
|Net book value:|||||
|At 31March|2023|7,620,000||7,620,000|
|At 31March|2021|7,620,000||7,620,000|
|10|Fixed Asset Investments|Fixed Asset Investments|2023|2022|
|---|---|---|---|---|
||Fair value:||E|E|
||At 1April 2022||2,639,476|2,552,020|
||Additions at cost||472,849|53,675|
||Disposal proceeds||(487,081)|(46,836)|
||Increase (decrease)|in fair value|(140,036)|80,617|
||At 31March 2023||2,485,208|2,639,476|
##
|10|Fixed Asset Investments
(continued)||Market||Market|
|---|---|---|---|---|---|
|||Cost|Value|Cost|Value|
|||2D23|2023|2022|2022|
||Direct Property &Property
Funds|6|E|E|E|
||Mayfair Capital
In Prop Inc Trust|25,986|25,740|76,016|92,288|
||First Sentier inv responsible
listed infrastr|42,201|36,814|||
||FP Foresight
OEIC FP FRSGHT GBL REAL INFRS A|42,217|35,453|||
|||110,404|98,007|76,016|92,288|
||Fixed interest &fixed interest funds|||||
||Rathbone
UT MGT Ethical Bond|48,235|38,337|48,235|44,511|
||Royal London Ethical Bond|49,435|39,968|49,435|45,974|
||RCB Bonds PLC4.4% SNR 30/04/2027|17,825|17,175|||
||RCB Bonds PLC4.259SSNR 06/07/2028|14,625|13,525|||
||Places for People 4.25% GTD SNR 15/12/23 GBP|||24,425|25,312|
||RETAIL CHARITY BON 4.259SSNR 06/07/2026 GBP|||14,625|15,197|
||Retail Charity
BON 4.4% BDS30/04/25 GBP1000|||24,307|24,867|
||RETAIL CHARIOV BON 49sSNR MTN 31/10/27 GBP|||26,725|27,205|
||Retail Charity
BON 4.259oSNR 30/03/2028 GBP10|22,725|20,691|22,725|22,316|
||RETAIL CHARITY BON 4.259SSNR 20/06/2B GBP10|24,625|23,210|24,625|25,073|
|||177,470|152,906|235,102|230,455|
||Global Equities &Equity Funds (ex UKI|||||
||CFP Castlefield
FD CFP Castlefield
Suet UK SML|80,478|134,537|45,913|126,521|
||Global Equities &Equity Funds|||||
||FUNDROCK
PTNRS LTD FP WHEB SUET BGBP ACC|136,514|142,899|73,044|83,789|
||Conbrio FD PTN LTD CFP CFLD BESTSUET EURP Gl|152,946|170,836|63,396|77,372|
||FIRSTS EN TIER INVR STEWART INV WW IDE SUSTA|151,120|161,726|85,782|101,035|
||LIONTRUST FUND PAR SUET FUTURE GBLGTH 2 A|92,670|92,164|39,120|44,929|
||SARASIN FUND MANAG
SARSIN RESPONSIBLE GBI|75,737|76,759|3D,095|35,785|
|||608,987|644,384|291,437|342,910|
||Multi-Asset
Funds|||||
||CELA INVESTMENT MA INVESTMENT INCOME|23,785|517,068|23,785|547,226|
|||23,785|517,068|23,785|547,226|
||Other assets|||||
||Capital for Colleagues
Ord 0.40|43,605|45,089|43,605|64,074|
||CFP Castlefield
FD CFP Real RTN GN|125,078|138,174|88,763|111,633|
|||168,683|183,263|132,368|175,707|
||UK Equities &Equity Funds|||||
||Castlefield
FD PTN BESTIncome|||517,846|536,892|
||Castlefield
FD PTN UK Smaller Cos Fund|593,11D|755,043|379,378|587,477|
|||593,110|755,043|897,224|1,124,369|
||TOTAL|1,762,917|2,485,208|1,701,845|2,639,476|
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|11|Debtors||||2023|2022|
|---|---|---|---|---|---|---|
||||||E|E|
||Other debtors||||690|8,957|
||Prepayments
and accrued income||||||
||||||690|8,957|
|12|Creditors: amounts||falling due within one year||2023
E|2022
f|
||Trade creditors|and accruals|||21,813|14,130|
||Other creditors||||19,884|24,634|
||||||41,697|38,764|
|13|Analysis of net assets between
funds|||General|||
|||||Unrestricted|Restricted|Total|
|||||funds
f|fundsf|fundsf|
||Fixed assets|||10,104,708|500|10,105,208|
||Current assets|||227,333||227,333|
||Current
liabilities|||(41,697)||(41,697)|
||Net assets at 31March 2023|||10,290,344|500|10,290,844|
|14|Restricted funds||||2023|2022|
||||||E|E|
||At31March20|23|and31March2022||500|500|
|Unrestricted
funds||2023|2022|
|---|---|---|---|
|||f|f|
|Balance at 1April 2022||10,505,663|9,298,611|
|Incoming resources||406,341|407,536|
|Resources expended||(481,624)|(382,351)|
|Investment
(losses)|gains|(140,036)|80,617|
|Property
revaluation|gain||1,101,250|
|Balance at31March|2023|10,290,344|10,505,663|
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