| CONTENTS | PAGES | |
|---|---|---|
| Officers 4, professional | advisors | |
| Annual report ofthe Trustees |
2 to 3 | |
| Independent examiners' |
report | |
| Statement offinancial | activities | |
| Balance Sheet | ||
| Notes to the accounts | 7to 11 |
| THE BOARD O | THE BOARD O | FTRUSTEES | |||
|---|---|---|---|---|---|
| Chairman | Mr PBElmhirst | ||||
| Other | members | Mr JBostwick | |||
| Cllr K Richardson | |||||
| Mr JLove | |||||
| Mr PMilum | |||||
| Cllr C Makinson | |||||
| Cllr T Shepherd | |||||
| Mr TBrookes | |||||
| CLERK | Mr RA E Umbers FCA | ||||
| c/o New Court | |||||
| Abbey Road North |
|||||
| Shepley | |||||
| Huddersfield | |||||
| HD8 8BJ | |||||
| INDEPENDENT | EXAMINERS | Harris k Co | |||
| Marland House |
|||||
| 13 Huddersfield | Road | ||||
| Barnsley | |||||
| S70 2LW | |||||
| BANKERS | Svenska Handelsbanken | AB (publ) | |||
| Ground Floor, 12Longbow Close | |||||
| Pennine Business Park, |
Bradley | ||||
| Huddersfield | |||||
| HD2 1GQ | |||||
| STOC | KBROKE | RS | AFH Wealth Management | ||
| Buntsford Drive | |||||
| Stoke Heath | |||||
| Bromsgrove | |||||
| Worcestershire | |||||
| B604JE |
| Chairinan | Mr PBElmhirst |
|---|---|
| Other Members | Mr JBostwick |
| Cllr KRichardson | |
| Mr JLove | |
| Mr P Milum | |
| Cllr C Makinson | |
| Cllr T Shepherd | |
| Clerk to the Trustees | Mr RA EUmbers |
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | ||||||||||
| INCOME AND ENDOWMENTS FROM: | ||||||||||
| Donations and legacies |
10,000 | 595,471 | ||||||||
| Investment income |
||||||||||
| Rent received | 24,870 | 23,163 | ||||||||
| Other income | ||||||||||
| Other interest and dividends | I 690 | 678 | ||||||||
| Total income | 36 560 | 619 | 312 | |||||||
| EXPENDITURES | ON: | |||||||||
| Charitable activities |
||||||||||
| Insurance | 5,194 | 5,192 | ||||||||
| Assistant curator |
15,450 | 13,830 | ||||||||
| Grants and donations | 12,006 | |||||||||
| Conservation and transportation |
fees | 3,834 | 1,561 | |||||||
| Gallery Opening Hours |
5 000 | 41,484 | 5 000 | 25,583 | ||||||
| Governance costs |
||||||||||
| Clerk's fees (2years | 2023) | 10,240 | 6,220 | |||||||
| Stockbrokers' fees |
3,099 | 2,782 | ||||||||
| Repairs | 2,302 | 1,767 | ||||||||
| Legal and professional | fees | 2,250 | 4,190 | |||||||
| Sundry expenses | 174 | 135 | ||||||||
| Printing, postage and |
stationery | 353 | 78 | |||||||
| Bank charges | 150 | |||||||||
| Accountants' fees |
850 | 19418 | 650 | 15 | 822 | |||||
| Total expenditure | 60 902 | 41 | 405 | |||||||
| NET INCOME / (EXPENDITURE) |
(24 342) | 577 | 907 | |||||||
| Realised profit/(loss) | on disposal | ofinvestments | (2,460) | 267 | ||||||
| Unrealised revaluation |
gains on works | ofart | 193,980 | |||||||
| Unrealised profit/(loss) on revaluation |
ofinvestments | 11263 | {19061i | |||||||
| NET MOVEMENT | IN FUNDS | (15,539) | 753,093 | |||||||
| Total funds brought | forward | 5783 726 | 5 030633 | |||||||
| Total funds carried | forward |
| INVESTMENTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Freehold Property | ||||
| Valuation brought forward |
385 000 | 385000 | ||
| Valuation canied forward |
OOOO | 355000 | ||
| Works ofArt | ||||
| Valuation brought forward |
5,079,045 | 4,470,265 | ||
| Increase in value |
193,980 | |||
| Additions | 12 188 | 414 800 | ||
| Valuation carried forward |
||||
| Works ofArt Purchased | by Trustees 2023 | |||
| Rose Hilton —Girl in Dressing Gown | 3,865 | |||
| Mary Fielden —Yellow Lillies | 6,165 | |||
| Joan Gillchrist —A Lady Collecting | Tulips | 1,263 | ||
| Janet Lynch —Harbour Morning |
515 | |||
| Keiran Ingram —Innocence | 812 | |||
| VAT recovered re: above on fees | ~432) |
| Market Listed Investments | |||||||
|---|---|---|---|---|---|---|---|
| No. | Cost at | MV at | Cost at | MV at | |||
| 30.6.23 | 30.623 | 30.6.22 | 30.6.22 | ||||
| Bailie Gifford Inv GB Positive Change | BAcc | 2,998 | 9,095 | 9,464 | 7,486 | 6,473 | |
| CT UK Responsible Gbl Eqty 2 |
1,483 | 9, 125 | 9,411 | 11,349 | 11,136 | ||
| CT(UK) ICVC V CT Red Equity 2 Acc | 1,142 | 4,811 | 4,666 | 4,151 | 3,736 | ||
| Edentree Inv Mgmt Resp k, Sust UK Eqty BInc | 3,212 | 7,254 | 7,025 | 6,215 | 5,542 | ||
| Edentree Inv Mgmt Responsible & Sust Short |
10,226 | 9,946 | 9,344 | 21,035 | 20,243 | ||
| Gam Star Fund PLC Sust Climate BD | 143 | 10,607 | 9,517 | ||||
| Goldman Sachs Fund GS GBLEnvr Imp EQ |
685 | 9,767 | 9,432 | ]0,146 | 9,199 | ||
| Goldman Sachs Amfs Emerging Mkts |
Eqty Esg Ptf | 1,347 | 13,401 | 11,647 | 10,051 | 8,547 | |
| Henderson Invest Janus Hend UK Resp Inc I |
6,209 | 9,000 | 9,332 | 7,921 | 7,745 | ||
| JP Morgan Funds Global BDOpps Sust C GBP | 126 | 12,146 | 11,604 | 10,452 | 9,636 | ||
| Johcm Funds UK Ltd Regnan Gbl Eq Imp Sols F | 11,108 | 11,899 | 11,841 | 11,335 | 9,936 | ||
| Liontrust Fund Par Sust Future Gbl Gth 2 Acc |
3,639 | 9,157 | 9,453 | 11,672 | 10,677 | ||
| Liontrust Fund Par UK Ethical 2 Net Acc Nav |
1,694 | 5,407 | 4,689 | 4,009 | 3,562 | ||
| Neuberger Ber Inv Global Sustainable |
Eqty | 880 | 9,359 | 9,465 | 8, 104 | 7,387 | |
| Premier Portfolio Miton Ethical CAcc | 1,209 | 5,140 | 4,666 | 4,107 | 3,734 | ||
| Rlum Limited RL Sustainable Wrld Tst C Acc |
3,629 | 11,251 | 11,750 | 11,432 | 10,338 | ||
| Royal London Sust Leaders Trust | 1,598 | 4,432 | 4,605 | 4,047 | 3,738 | ||
| Vanguard Inv Ser Esgdev Wld All Cap |
Eqty Idx | 27 | 8,957 | 9,831 | 9,292 | 9,343 | |
| Vanguard Invs Srs Emg Mkt All Cap |
67 | 7,673 | 7,094 | 6,319 | 6,076 | ||
| Vontobel und Twentyfour Sust |
118 | 11,829 | 11,700 | 20,767 | 19,963 | ||
| Wellington Mgt Fds Glbl Impact |
1,254 | 12,474 | 11,599 | 10,592 | 9,628 | ||
| River k, Mercantile Suss Opps Fl1 Global |
8,504 | 9,018 | 9,345 | ||||
| I shares UK Gilts 0-5 years | 75 | 9239 | 9260 | ||||
| ~291m | 197223 | ~201 03 | IIIIOO39 | ||||
| 5. | DEBTORS | ||||||
| 2023 | 2022 | ||||||
| Prepayments and accrued income |
2,406 | 12,524 | |||||
| VAT | |||||||
| 2 406 | ~12 52 | ||||||
| 6. | BANK BALANCES | ||||||
| 2023 | 2022 | ||||||
| Cash at Bank | 62,952 | 127,089 | |||||
| AFH Wealth Deposit | 38508 | I 838 |
| 7. | CREDITORS: | AMO | UNTS F | ALLING DUE WITHIN ONE Y | EAR | |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| VAT | 1,012 | 249 | ||||
| Accruals and deferred |
income | 8 123 | 8 171 | |||
| 9J35 | ~842 | |||||
| 8. | DONATIONS | AND LEGACIES | ||||
| 2023 | 2022 | |||||
| Covid grant | (Cash) | 4,000 | ||||
| Shaw Lands Trust | (Conservation) | 1,000 | ||||
| JBostwick | (Painting) | 1,200 | ||||
| Alex Taylor | (Painting) | 3,600 | ||||
| Richard Kitson | (Painting) | 5,000 | ||||
| AIL Scheme | (Painting) | 400,000 | ||||
| Audrey Norfolk | (Cash) | 170,000 | ||||
| Cooper Auction | (Cash) | 5,671 | ||||
| Arts Covid Recovety Fund | (Portrait) | 5,000 | ||||
| National Lottety |
(Cash) | 10000 | ||||
| ~554 1 |
||||||
| 9. | GRANTS AND | DONATIONS | ||||
| 2023 | 2022 | |||||
| Artsm ark | 1,500 | |||||
| School Arts Packs | 6,006 | |||||
| Light k Soul Exhibition | 4 500 |
| UNRESTRICT | ED FUNDS | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Balance brought | forward | 5,783,726 | 5,030,633 |
| Net movement | in funds for the year | ~15539) | 753 093 |
| Balance carried | forward | 5~83726 |