| Page | |||
|---|---|---|---|
| Officers | and Professional | Advisors | |
| Trustees' | Report | ||
| Auditors' | Report | ||
| Statement | ofFinancial Activities | ||
| Balance Sheet | 10 | ||
| Notes to | the Accounts |
| FO | R THE Y | EAR ENDED 3 | 1"MARCH 20 | 23 | |
|---|---|---|---|---|---|
| Notes | Restricted | Endowed | Total | Total | |
| Funds | Funds | 2023 | 2022 | ||
| INCOME | |||||
| Investment Income |
|||||
| Income from Property | 10,247 | 10,247 | 9,221 | ||
| Investment Income and |
|||||
| Interest | 20 | 78087 | 78107 | 70450 | |
| Total Income | 20 | 88 334 | 88354 | 79 671 | |
| EXPENDITURE | |||||
| Charitable Expenditure |
|||||
| Educational Benefits |
20 | 96,727 | 96,747 | 61,334 | |
| Statutory Payments | 750 | 750 | 750 | ||
| Other Expenditure Management 4 |
|||||
| Administration | 19 045 | 19045 | 19325 | ||
| Total Expenditure | 20 | 116522 | 116542 | 81 409 | |
| Net Income and net | |||||
| movement in funds |
|||||
| before gains and losses on | |||||
| investments | (28,188) | (28,188) | (1,738) | ||
| Net gains/ (losses) on | |||||
| investments | 200 743 | 200 743 | 155 107 | ||
| Net Movement in Funds |
172555 | 172555 | 153369 | ||
| Reconciliation ofFunds: |
|||||
| Total funds brought | |||||
| forward | 12 | 410 | 3 584 674 | 3 585 084 | 3 431 715 |
| Total funds carried forward | 12 | ~41 | 3757229 | 3757639 | 3585084 |
| Notes | Total | Total | Total | Total | ||
|---|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | |||
| FIXEDASSETINVESTMENTS | ||||||
| Investment Properties |
959,860 | 643,700 | ||||
| Investments | 2 | 546 512 | 2 679032 | |||
| 3,506,372 | 3,322,732 | |||||
| CURRENT ASSETS | ||||||
| Cash in Bank &In Hand | 256,146 | 270,282 | ||||
| Debtors | 10 | 1 629 | ||||
| 256 146 | ||||||
| CREDITORS | ||||||
| Amounts falling due within |
||||||
| 1 year, | 9559 | |||||
| Net Current Assets | 251 267 | |||||
| Total Assets Less | ||||||
| Current Liabilities | 3 | 57639 | ||||
| FUNDS | ||||||
| Restricted Funds | 410 | 410 | ||||
| Endowed Funds | 12 | 3 | 757 229 | 3534674 | ||
| 3 | 757 639 | 585 084 |
| 2. | INCOME FROM PROPERTY | 2023 | 2022 |
|---|---|---|---|
| Rents and Wayleaves | ~1024 | 9221 | |
| 3. | INVESTMENT INCOME | 2023 | 2022 |
| Income from Listed Investments | 75,393 | 70,387 | |
| Interest Receivable on Cash Deposits | 2 714 | 63 | |
| i8 107 | ~0450 | ||
| 4. | EDUCATIONAL BENEFITS | ||
| Lady Lumley's School: |
|||
| Departmental Requests |
16,102 | 40,427 | |
| Minibus Tax, Insurance A Maintenance |
12,000 | ||
| School Prizes &Prize-giving Expenses |
6,000 | ||
| Grants —Sixth Form Courses | 2,000 | ||
| Year 8Outdoor Education | 6,000 | ||
| Sixth Form Interview Expenses |
1,064 | 1,273 | |
| Building Costs | 54,864 | ||
| Grants to Individual Beneficiaries |
10717 | 7634 | |
| 96 47 | 61 334 | ||
| STATUTORY PAYMENTS | 2023 | 2022 | |
| Sinnington School Annual Payment |
500 | 500 | |
| Lady Lumley's Almshouses Charity Bishopgate Foundation 4 Aldgate Freedom Foundation |
160 75 |
160 75 |
|
| NACRO | 15 | 15 | |
| 750 | 750 |
| F | F | OR | THE YEAR ENDED 31"MARC | THE YEAR ENDED 31"MARC | H 2023 | |||
|---|---|---|---|---|---|---|---|---|
| 6. | MANAGEMENT | & | ADMINISTRATION | 2023 | 2022 | |||
| COSTS | ||||||||
| Administration | Staff | 8,039 | 8,119 | |||||
| Audit | 2,964 | 2,820 | ||||||
| Other Administrative | Costs | 8042 | 8386 | |||||
| ~1045 | ~1932 | |||||||
| NET MOVEMENTS | IN FUNDS FOR THE | |||||||
| YEAR | 2023 | 2022 | ||||||
| The net movement | in | funds for the year is stated | ||||||
| after charging:- | ||||||||
| Audit Fees | 2 964 | 2 820 | ||||||
| No remuneration | was | paid to trustees | in the year, nor was any expenses reimbursed | to | ||||
| them. | ||||||||
| INVKSTMKNT | PROPERTIES | Freehold Land 4 Buildings |
||||||
| Valuation | ||||||||
| As at 1"April 2022 | 643,700 | |||||||
| Easement Grant | (9,346) | |||||||
| Revaluation | 325 506 | |||||||
| Net BookValue | ||||||||
| As at31"March | 2023 | 959 060 | ||||||
| As at31"March | 2022 | 663 700 |
| 9. | INVESTMENTS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Market value at 1"April 2022 | 2,679,032 | 2,511,622 | ||
| Acquisitions at cost |
85,524 | 847,413 | ||
| Disposals at opening book value | (93,502) | (834,655) | ||
| Net gain / (Loss) on revaluation Market Value at 31 March 2023 |
at 31March 2023 | ~124 542 2 546512 |
154 652 267 02 |
|
| Investments at Market Value comprise Listed on UK stock |
||||
| exchange. (Historical Cost f481,431) |
1,020,488 | 1,092,991 | ||
| Common Investment Funds |
1 526 024 | 1 506 041 | ||
| 2 546 512 | 2 679032 |
| 10. | DEBTORS | 2023 | ||||
|---|---|---|---|---|---|---|
| Rents | ||||||
| Other debtors | 1 629 | |||||
| ~162 | ||||||
| 11. | CREDITORS: (Amounts | falling due within | 1year) | |||
| 2022 | ||||||
| Grants to Individual | Beneficiaries | 1,000 | ||||
| Accruals | 4 879 | 8 559 | ||||
| 4 879 | ~959 |
| Endowed | Designated | Funds | |||||
|---|---|---|---|---|---|---|---|
| General | |||||||
| Restricted | Endowed | Reserve | Building | Minibus | |||
| Funds | Funds | Fund | Project | Replacement | Total | ||
| Balance at 1"April | |||||||
| 2022 | 410 | 3,318,719 | 20,000 | 219,955 | 26,000 | 3,585,084 | |
| Gain for the | year | 172,555 | 172,555 | ||||
| Transfers between | |||||||
| funds | 192751 | 186 751 | 6000 | ||||
| Balance at 31" | |||||||
| March 2023 | 410 | ~298 523 | 20 000 | 406 706 | 52 000 | 3 757639 | |
| Represented | by: | ||||||
| Investments | 3,506,373 | 3,506,373 | |||||
| Net Current | Assets | 410 | ~207 850 | 20000 | 406 706 | 32 000 | 251 266 |
| Balance at 31" | |||||||
| March 2023 | 410 | 329~23 | 20 000 | 4II6 706 | 32000 | 3 757629 |