##
##
|Report ofthe Trustees||I to 3|
|---|---|---|
|Independent
Examiners|Report to the Trustees||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial|Statements|7to IO|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Total|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|funds|funds|
|||funds|funds|2023|2022|
|INCOMING RESOURCES|Notes||I|||
|Investment
income:||||||
|Rent receivable||64,320||64,320|61,655|
|Dividends
and interest||121,213||121,213|119,788|
|TOTALINCOMINGRKSOURCES||185,533|-|185,533|181,443|
|RESOURCKSEXPENDED||||||
|Cost ofgenerating
funds|3|31,010||31,010|27,644|
|Charitable
Activities:||||||
|School scholarships,
grants for clothing,||||||
|book vouchers
and donations||259,631||259,631|196,492|
|Apprenticeships||4,171||4,171|2,322|
|||263,802|-|263,802|198,814|
|Direct and Support Costs:||||||
|Administrative
and general expenses|4|29,488||29,488|25,998|
|TOTALRESOURCESEXPENDED||324,300||324,300|252,456|
|NET OUTGOING RESOURCES||||||
|Before other recognised
gains and losses||(138,767)||(138,767)|(71,013)|
|GAINS ON INVESTMENTS||||||
|Realised (loss)/gains
on investments|||(22,166)|(22,166)|27,561|
|Unrealised
(loss)/gains
on investments|||(255,654)|(255,654)|133,122|
|Realised gain on investment
properties|||||65,830|
|NET MOVEMENT IN FUNDS||(138,767)|(277,820)|(416,587)|155,500|
|BALANCES BROUGHT FORWARD||222,208|4,956,559|5,178,767|5,023,267|
|BALANCES CARRIED FORWARD||83,441|4,678,739|4,762,180|5,178,767|
||||2023||2022|
|---|---|---|---|---|---|
||Note|||||
|FIXEDASSETS||||||
|Tangible assets:||||||
|Investment
properties|||1,205,000||1,205,000|
|Investments|||3,474,469||3,685,575|
||||4,679,469||4,890,575|
|CURRENT ASSETS||||||
|Debtors||49,559||125,771||
|Cash at bank and in hand||43,128||171,996||
|||92,687||297,767||
|CREDITORS: AMOUNTS FALLING||||||
|DUE WITHIN ONE YEAR|8|9,976||9,575||
|NET CURRENT ASSETS|||82,711||288,192|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES|||f4,762,180||65,178,767|
|RESERVES||||||
|Restricted
funds|||4,678,739||4,956,559|
|Unrestricted
funds|||83,441||222,208|
||||4,762,180||g5,178,767|
##
##
##
|year.
Re-imbursement
ofexp|year.
Re-imbursement
ofexp|year.
Re-imbursement
ofexp|enses tot|alling
FNII were paid in the year.||
|---|---|---|---|---|---|
|COST OFGENERATING|||FUNDS|||
|||||2023|2022|
|||||E||
|Managing
Agents fee||||11,963|8,033|
|Portfolio Management||fee||19,047|19,611|
|||||$31,010|f27,644|
|ADMINISTRATIVE|AND||GENERAL EXPENSES|||
|Clerk's fees, expenses|and postage|||16,520|16,520|
|Independent
Examiner's||fees||3,630|3,270|
|Property
repairs||||5,343|3,305|
|Heating,
lighting
and Council|||Tax|23|207|
|Insurance||||1,822|1,748|
|Professional
fees||||1,689|568|
|Sundries||||81||
|Payments
to Yardley Charities Estates||||Almshouses:||
|Annual
payments
under||detertnination||order||
|of5 June 1908||||380|380|
|||||f29,488|f25,998|
|TANGIBLE ASSETS||||||
|- INVESTMENT PROPERTIES||||||
|At valuation||||||
|At 31 March 2022||||1,205,000|1,268,750|
|Additions
at cost||||||
|Revaluation||||||
|Less: Disposals|||||(63,750)|
|At 31 March 2023||||f.1,205,000|f1,205,000|
|6.|INVESTMENTS||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Investments||||83,474,469|83,685,575|
||Quoted investments||||||
||Market value at 31 March||2022||3,685,575|3,544, 133|
||Add:||||||
||Additions
at cost||||578,589|532,777|
||Less:||||||
||Disposal proceeds||||(511,875)|(552,018)|
||Add:||||||
||Realised (losses)/gains
Unrealised
(losses)/gains||on revaluation||(22,166)
(255,654)|27,561
133,122|
||Market value at 31 March||2023||83,474,469|$3,685,575|
||Cost at 31 March 2023||||83,209,595|63,003,364|
||Unrealised
gains included
at 31March 2023||in valuation||6264,874|f682,211|
||UK listed investments
are represented
by:
UK Bonds and other fixed interest securities||||467,767|426,380|
||UK Equities
Non-UK Equities and
Overseas Bonds|Bonds|||649,617
1,911,384
396,601|1,050,421
1,846,870
361,904|
||Cash Product||||49,100||
||Total||||f3,474,469|83,685,575|
##
|Amounts
falling due within
one year:|||
|---|---|---|
|Due from Stockbrokers
Due from Managing
Agents
Debtors and prepayments|34,013
13,321
2,225|113,188
10,681
1,902|
||649,559|f.125,771|
|8.|CREDITORS: AMOUNTS|FAILING DUE|FAILING DUE|||
|---|---|---|---|---|---|
||WITHIN ONE YEAR|||||
|||||2023|2022|
||Accrued expenses|||5, 130|4,950|
||Rental income and insurance|recharged|in advance|4,846|4,625|
|||||K9,976|K9,575|
##
|ANALYSI|S OF|NET ASSE|TSBETWEE|N FUNDS|||
|---|---|---|---|---|---|---|
||||||Net||
||||Investment||current||
||||properties|Invesnnents|assets|Total|
|Restricted|funds:||||||
|- Capital Fund|||1,205,000|3,159,225|314,514|4,678,739|
|Unrestricted|funds:||||||
|Accumulated||Income Fund||315,244|(231,803)|83,441|
||||1,205,000|3,474,469|82,711|4,762,180|
##
##