| CONTENTS | PAGES | |
|---|---|---|
| OAicers k.professional | advisors | |
| Annual report ofthe Trustees |
2 to 3 | |
| Independent examiners' |
report | |
| Statement oftinancial | activities | |
| Balance Sheet | ||
| Notes to the accounts | 7to 10 |
| THE BOARD OFTRUSTEES | |||
|---|---|---|---|
| Chairman | Mr P BElmhirst | ||
| Other members | Mr JBostwick | ||
| Cllr K Richardson | |||
| JLove | |||
| Mr P Milum | |||
| Cllr C Makinson | |||
| Cllr T Shepherd | |||
| T Brookes | |||
| Mr RA E Umbers FCA | |||
| c/o New Coun | |||
| Abbey Road North | |||
| Shepley | |||
| Huddersfield | |||
| HD8 8BJ | |||
| INDEPENDENT EXAMINERS | Harris &Co | ||
| Marl and House | |||
| 13Iluddersfield | Road | ||
| Bamsley | |||
| S702LW | |||
| BANKERS | Svenska Handelsbanken | AB (publ) | |
| Ground Floor, 12Longbow Close | |||
| Pennine Business | Park, Bradley | ||
| Huddersfield | |||
| HD2 IGQ |
|||
| STOCKBROKERS | AFH Wealth Management | ||
| Buntsford Drive | |||
| Stoke Heath | |||
| Bromsgrove | |||
| Worcestetehire | |||
| B604JE |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | f. | |||||||
| INCOME AND ENDOWMENTS FROM: | ||||||||
| Donations and legacies |
8 | 595,471 | 26,143 | |||||
| Investment income |
||||||||
| Rent received | 23,163 | 30,044 | ||||||
| Other income | ||||||||
| Other interest and dividends | 678 | 2,328 | ||||||
| Total income | 619,311 | 58,515 | ||||||
| EXPENDITURE ON: | ||||||||
| Charitable activities |
||||||||
| Insurance | 5,192 | 5,103 | ||||||
| Assistant curator |
13,830 | 16,342 | ||||||
| Grants and donations | 1,000 | |||||||
| Conservation and transportation |
fees | 1,561 | 3,780 | |||||
| Gallery Opening Hours |
5,000 | 5,000 | ||||||
| 25,583 | 31,224 | |||||||
| Governance costs: |
||||||||
| Clerk's fees | 6,220 | 5, 100 | ||||||
| Stockbrokers' fees |
2,782 | 2,001 | ||||||
| Repairs | 1,767 | 5,385 | ||||||
| Legal &professional | fees | 4, | 190 | 1,150 | ||||
| Sundry expenses | 135 | 134 | ||||||
| Printing, postage and |
stationery | 78 | ||||||
| Management charges |
||||||||
| Accountants' fees |
650 | 700 | ||||||
| 15,822 | 14,470 | |||||||
| Total expeaditure | 41,405 | 45,694 | ||||||
| NET INCOME/(EXPENDITURE) | 577,907 | 12,821 | ||||||
| Realised protit/(loss) on disposal |
ofinvestments | 267 | 11,194 | |||||
| Unrealised revaluation Unrealised profit/(loss) |
gains on Works ofart on revaluation ofinvestnients |
193,980 ~i19.6 |
20,100 4,929 |
|||||
| NET MOVKMKNT IN FUNDS | 753,093 | 49,044 | ||||||
| Total funds brought forxvard |
5,030,634 | 4,981,589 | ||||||
| Total funds carried fomvard | 5,783,726 | 5,030,634 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | ||||||||||
| INVESTMENTS | ||||||||||
| Freehold propetty | 385,000 | 385,000 | ||||||||
| Works ofmt | 5s079,045 | 4,470,265 | ||||||||
| Investments | 186,650 | 128,995 | ||||||||
| 5,650,695 | 4,984,260 | |||||||||
| CURRENT | ASSETS | |||||||||
| Debtors | 5 | 12,524 | 6,709 | |||||||
| Cash at bank | 6 | 128,927 | 41,764 | |||||||
| 141,451 | 48,473 | |||||||||
| CURRENT | LIABILITIES | |||||||||
| Creditors: Amounts | falling due within | one year | 7 | 8,420 | 2,100 | |||||
| NET CURRENT ASSETS | 133,031 | 46,373 | ||||||||
| NET ASSETS | 5,783,726 | 5,030,633 | ||||||||
| FUNDED BY | ||||||||||
| Unresn4cted | funds | 5,783,726 | 5,030,633 | |||||||
| 5,783,726 | 5,030,633 | |||||||||
| Approved by |
the Board ofTrustees on | .....4 | ||||||||
| Signed on behalf ofthe Board by |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | f | |||
| Valuation | brought | fonmrd | 385,000 | 385,000 |
| Valuation | cerned | fonvard | 385,000 | 385,000 |
| hlarket | Listed Investmeots | |||||
|---|---|---|---|---|---|---|
| Cost at | IIIVat | Cost &I | MV at | |||
| 30.6.22 | 30.6.22 | 30621 | 30 6 21 | |||
| 8 | f. | f | f | |||
| Aberdeen | Std Fd Mg As& Gbl Suet And Res lnv Eq | 983 | 3,596 | 3,920 | ||
| Aberdeen | Std Fd Mg As& UK Ethical Eqty Instl | 1,646 | 3,482 | 3,900 | ||
| Aegon Am UK Pic Ethical Corporate Bond 8 Ac | 2,375 | 53H | 5,158 | |||
| Aegon Am UK Pic Ethical Equity 8 Acc | 1,885 | 4,728 | 5,204 | |||
| Bagie GilTord Inv BGPositive Change 8 Acc | 2,433 | 7,486 | 6,473 | |||
| BMO Fund Mgmt Ltd BMO Responsible Obl Eqty 2 |
1,879 | H,349 | H,136 | 7,438 | 8,082 | |
| BMO Fund Mgmt Ltd BMO Responsible Stg Corp BD |
8,923 | 5,246 | 5,141 | |||
| CT(UK) | ICVC V CT Red Equity 2Acc | 975 | 4,151 | 3,736 | ||
| Edentree | Inv Mynt Resp And Suet StgBD8Inc | &,667 | 10,329 | 10,287 | ||
| Edentree | Inv Mgmt Resp And Suet UK Eqty 8 Inc | 2,627 | 6,215 | 5,542 | 3,565 | 3,852 |
| Edentrcc | Inv Mgmt Responsible And Suet Short |
21,277 | 21,035 | 20,243 | 10,275 | 10,286 |
| Gam Star | Fund PI.C Suet Climate BD | I,H3 | 10,607 | 9,517 | ||
| Goldman | Sachs Fund GS GBL Envr Imp EQ | 702 | 10,146 | 9,199 | ||
| Goldman | Sachs AmB Emerging Mkts Eqty Esg Ptf |
919 | 10,051 | 8,547 | 3,392 | 3,319 |
| Henderson | Investme Janus Hend UK Resp Inc I |
5,316 | 7,921 | 7,745 | 4,739 | 5,185 |
| JP Morgan Funds Global BDOpps Sust C GBP | 106 | 10,452 | 9,630 | |||
| Johcm Funds UK Ltd Rcgnan Obl Eq Imp Sole F | 10,503 | 11,335 | 9,936 | 7,288 | 7,256 | |
| Legal A General UT LtkG MSCI Wld Socly Resp Inv | 3,183 | 3,660 | 3,947 | |||
| Liontrust | Fund Par Suet Future Corp BD6 Net | 4,128 | 6,390 | 6,358 | ||
| Liontrust | Fund Par Suet Future Gbl Gth 2 Acc | 4,596 | 11,672 | 10,677 | 7,409 | 8,051 |
| Liontrust | Fund Par UK Ethical 2 Net Acc Nav | 1,229 | 4,009 | 3,562 | 4,722 | 5, 107 |
| Neuberger | BerInv Global Sustainable Eqty |
750 | 8,104 | 7,387 | ||
| Premier Portfolio Miton Ethical C Acc | 980 | 4,107 | 3,734 | 3,440 | 3,840 | |
| Rathbone | UT Mgt Ettiical Bond Instl Acc | 2,079 | 5,156 | 5,113 | ||
| Rlum Limited RL Sustnabk Wrld Tst CAcc |
3,749 | 11,432 | 10,838 | 7,437 | 7,952 | |
| Royal London Suet Leaders Trust | 1,447 | 4,047 | 3,738 | |||
| Royal London AM Ethical Bond M OBPAcc | 6,570 | 10,380 | 10,315 | |||
| Vanguard | Inv Ser Esgdcv Wld All Cap Eqty Idx | 29 | 9,292 | 9,343 | 6,182 | 6,775 |
| Vanguard | Invs Srs Emg Mkx AB Cap | 54 | 6,319 | 6,076 | ||
| Vontobel | und Twetnyfour Suet |
206 | 20,767 | 19,963 | ||
| Wcginglon | Mgt Fds Olbl lmpacl | 1,039 | 10,592 | 9,628 | ||
| 201,089 | 186,650 | 124,066 | 128,995 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| f. | ||||||
| Prepaymcnts | and accrued mcome | 12,524 | 6,685 | |||
| VAT | 24 | |||||
| 12524 | 6,709 | |||||
| 6 | BANK BALANCFS | |||||
| 2022f | 2021 | |||||
| Cash at Bank | 127,089 | 38,897 | ||||
| Iltvcstcc Deposit | 1,838 | 2,866 | ||||
| 128,927 | 41,763 | |||||
| 7 | CREDITORS; | AAIOUNTS FALLING DUE IVITBIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| f | ||||||
| VAT | 249 | |||||
| Accrunls and deferred income |
8,171 | 2,100 | ||||
| 8,420 | 2 100 | |||||
| 8 | DONATIONS | AND LEGACIES | ||||
| 2022 | 2021 | |||||
| Cavtd grant | (Cash) | 4,000 | 26,143 | |||
| Shaw Lands Trust | (Conservatron) | 1,000 | ||||
| I Bosnssck | (Pamtmg) | 1,200 | ||||
| Alex Taylor | (Pamting) | 3,600 | ||||
| Rtchard Kitson | (Paintmg) | 5,000 | ||||
| AIL Scheme | (Painting) | 400,000 | ||||
| Audrey Norfolk |
(Cash) | 170,000 | ||||
| Cooper Auclion | (Cmls) | 5,671 | ||||
| Arts Covrd Recovery Fund | (Ponrait) | 5,000 | ||||
| 595,471 | 26,143 | |||||
| 9 | GILYNTS AND | DONATIONS | ||||
| 2022 | 2021 | |||||
| 8 | f. | |||||
| Cooper Pnze | 1,000 |
| 2022 | 2021 | ||
|---|---|---|---|
| I | |||
| Balance brought | fonvard | 5,030,633 | 4,981,589 |
| Nct movcmcnl | m funds for the year | 753,093 | 49,044 |
| Balance cerned | fonvard | 5,783,726 | 5,030,633 |