|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|
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|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|||
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|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|
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||||||||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||||||||||
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|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|
##
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