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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|2|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Ealance Sheet||||
|Notes to the Financial Statements|6|to|12|
|Detailed Statement ofFinancial Activities||13||
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|FORTHK YEAR|EN|DED 3|1 MARCH 202|3|||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.23|31.3.22|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|fund|funds|funds|
|||||Notes|I|||f.|
|INCOME AND ENDOWMENTS FROM|||||||||
|Donations
and legacies|||||5,049||55049|1,050|
|Investment
income||||2|77,777|65102|835879|82,833|
|Total|||||82,826|6,102|88,928|83,883|
|EXPENDITURE|ON||||||||
|Charitable
activities|||||||||
|Gmnts|||||44483|59600|49,983|41,216|
|Support costs|||||1,888||15888|1,821|
|Total|||||46471|5,600|51,871|43,037|
|Net gains/(losses)|on investments||||(42822)|(18491)|(60,613)|98,453|
|NET INCOME/(EXPENDING|||UI(K)||(ooii/I|(i/ aas/|(/Jigdc)|l39,299|
|Transfers
between funds||||10|(7,500)|7,500|||
|Net movement
in|funds||||(139167)|(10889)|(23,556)|139,299|
|RECONCILIATION||OFFUNDS|||||||
|Total funds brought
forward|||||959889|4,840,469|55799,858|5,660,559|
|TOTAL FUNDS|CARRIED||FORWARD||946$22|4,830,080|5,776402|5,799,858|
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|BALANCESHEET
31MARCH 2023||||||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|||4,494475|4,494475|4,494,275|
|Investments||876,573|329,472|%06,045|1,259,158|
|||8761573|4,823,747|5,700420|5,753,433|
|CURRENT ASSETS||||||
|Cash at bank||7241$|6@33|781551|58,765|
|CREDITORS||||||
|Amounts
falling due within one year||(2,569)||(2)569)|(10,320)|
|NET CURRENT ASSETS||69,649|6433|75,982|48,445|
|TOTAL ASSETSLESS CURRENT||||||
|LIABILITIES||946422|4,830,080|5,776402|5,801,878|
|CREDITORS||||||
|Amounts
falling due after more than one year|9||||(2,020)|
|NET ASSETS||946422|4,830,080|5,776402|5,799,858|
|FUNDS|10|||||
|Unrestricted
funds||||946022|959,389|
|Restricted funds||||4,830,080|4,840,469|
|TOTALFUNDS||||5,776802|5,799,858|
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|INVESTMENT IN|COME|||
|---|---|---|---|
|||31.3.23|31.3.22|
|Rents received||42400|42,300|
|Investment
dividends||30,070|30,214|
|Equities investment|fund|111509|10,319|
|||83,879|82,833|
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|There were no trustees' expenses paid for the year ended
COMPARATIVES FORTHESfATKMENT OFFIN|31March 2023 nor for the y
ANCIAL ACI'IVITIKS|ear ended 31M|arch 2022.|
|---|---|---|---|
||Unrestricted|Restricted|Total|
||fundsI|fund|funds|
|INCOME AND ENDOWMENTS FROM||||
|Donations
and legacies|1,050||1,050|
|Investment
income|77,019|5,814|82,833|
|Total|78,069|5,814|83,883|
|EXPENDITURE ON||||
|Charitable
activities||||
|Grants|37,131|4,085|41,216|
|Support costs|1,821||1,821|
|Total|38,952|4,085|43,037|
|Net gains on investments|73,606|24,847|98,453|
|NKT INCOME|112,723|26,576|139,299|
|Transfers between funds|(12,910)|12,910||
|Net movement
in funds|99,813|39,486|139,299|
|RECONCILIATION OF FUNDS||||
|Total funds brought forward|859,576|4,800,983|5,660,559|
|TOTAL FUNDS CARRIED FORWARD|959,389|4,840,469|5,799,858|
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|TANGIBLE FIXEDASSETS||
|---|---|
||Freehold|
||property|
||6|
|COST||
|At I April 2022 and 31March 2023|4,494475|
|NKT BOOKVALUE||
|At 31March 2023|4)494475|
|At 31March 2022|4,494,275|
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|FIXEDASSETINVESTMKNTS||
|---|---|
||Listed|
||investments|
||f.|
|I)II )) I )' ) Yl)
II
At I Apnt 2U22|I)25/ )I80|
|Additions|7)500|
|Revaluations|(60,613)|
|At 31March 2023|1406)045|
|NKT BOOKVALUE||
|At 31March 2023|IQ06,045|
|At31March 2022|1,259,158|
|||UnfestIlcted|Restricted|||
|---|---|---|---|---|---|
|||Fund|Fund|2023|2022|
|||6|||6|
|COIF Income Units||730,982|221,439|952,421|983,820|
|COIF Pmperty Units
Equities Investment
Stocks and shares|Fund for Charities|49,561
96,030
0|0
108,033
0|49,561
204,063
0|57,993
217,345
0|
|||876,573|329,472|1,206,045|1,259,158|
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||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
||||f.|f.|||
|Ltoyds|current|account|72,192|5,257|77,449|57,683|
|COIF|deposit|accounts|26|1,076|1,102|1,0&2|
|Total|||72,218|6,333|781551|5&,765|
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|8.|CREDITOR|S: AMOUNTS FALLIN|G DUK WITHIN ONE|YEAR|||
|---|---|---|---|---|---|---|
||||||31.3.23|31.3.22|
||Other creditors||||1,889|1,980|
||Scholarships||||680|&,340|
||||||21569|10,320|
|9.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE|||THAN ONE YEAR|||
||||||31.3.23|31.3.22|
||Scholarships|||||2,020|
|10.|MOVEMENP IN FUNDS||||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.22|in funds|funds|31.3.23|
|||||6|6|6|
||Unrestricted|funds|||||
||Unrestricted|fund|959889|(5$667)|(7,500)|946322|
||Restricted funds||||||
||Restricted
fund||4,&40,469|(17,889)|7,500|4,830,080|
||TOTAL 1$'UNDS||5,799,858|(23$556)||5,776402|
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|Net movement
in funds, included
in|the above are as follows:||||
|---|---|---|---|---|
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||6|8|6||
|Unrestricted
funds|||||
|Unrestricted
fund|82,826|(46471)|(42422)|(5,667)|
|Restricted funds
Restricted fund|6,102|(5$600)|(1&891)|(17,889)|
|TOTAL FUNDS|881928|(51,871)|(601613)|(23,556)|
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||||Net|Tmnsfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.4.21|in funds|funds|31.3.22|
|||f.|||E|
|Unrestricted|funds|||||
|Vumstricted|fund|859,576|112,723|(12,910)|959,389|
|Restricted funds||||||
|Restricted fund||4,800,983|26,576|12,910|4,840,469|
|TOTAL FUNDS||5,660,559|139,299||5,799,858|
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
|||t|||
|Unrestricted
funds|||||
|Unrestricted
fund|78,069|(38,952)|73,606|112,723|
|Restricted fuads|||||
|Restricted fund|5,814|(4,085)|24,847|26,576|
|TOTAL FUNDS|83,883|(43,037)|98,453|139,299|
|A current y|e|ar 12 months and prior|year 12months combined
posi|tion is as follows:|||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.21|in funds|funds|31.3.23|
||||||8|f.|
|Unrestricted||funds|||||
|Unrestricted||fund|859,576|107,056|(20,410)|946,222|
|Restricted|funds||||||
|Restricted|fund||4,&00,983|8,687|20,410|4,830,080|
|TOTALFUNDS|||5,660,559|115,743||5,776,302|
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||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||||f,||
|Unrestricted
funds|||||
|Unrestricted
fund|160,895|(85,223)|31,384|107,056|
|Restricted funds|||||
|Restricted fund|11,916|(9,685)|6,456|8,687|
|TOTAL FUNDS|172,811|(94,908)|37,840|115,743|
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|DETAILED STATEMENT OFF|ANCIAL ACTIVITIES|||
|---|---|---|---|
|FORTHE YEARENDED 31MARCH 2023||||
|||31.3.23|31.3.22|
|INCOME AND ENDOWMENTS||||
|Donations and legacies||||
|Donations||5,049|1,050|
|Investment
income||||
|Rents received||42400|42,300|
|Investment
dividends||30,070|30,214|
|Equities investment
fund||11,509|10,319|
|||83,879|82,833|
|Total incoming resources||88,928|83,883|
|EXPENDITURE||||
|Charitable
activities||||
|Foundations
scholarships||(6,680)|(2,660)|
|Foundations
bursaries/prizes||2,795|2,231|
|Payments to staffofLudlow College||5&600|4,085|
|Grants to college||36400|37,560|
|Student refectory||12,060||
|||50,075|41,216|
|Support costs||||
|Management||||
|Professional
charges||1,796|1,821|
|Total resources expended||51,871|43,037|
|Net income||37,057|40,846|