| CONTENTS OF THE ANNUAL | REPORT | Page |
|---|---|---|
| Legal and Administrative | Details | |
| Trustees' Report |
||
| Trustees' statement of |
responsibilities | |
| Auditors' Report |
||
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 8-1 |
| UnrestrictedRestrictedEndowment | UnrestrictedRestrictedEndowment | UnrestrictedRestrictedEndowment | UnrestrictedRestrictedEndowment | Total | Total | ||
|---|---|---|---|---|---|---|---|
| Note | Funds f |
Funds f |
Funds F |
2023 F |
2022 F |
||
| INCOMING RESOURCES | |||||||
| Donations, legacies and grants |
61,270 | 61,270 | 20,088 | ||||
| Investment income |
2,658 | 5,849 | 8,507 | 7,549 | |||
| Bank interest | 505 | 505 | 25 | ||||
| Other income | 4 130 | 4 130 | 5083 | ||||
| TOTAL INCOMING RESOURCES | 68563 | 5849 | 74412 | 32745 | |||
| RESOURCES EXPENDED | |||||||
| Direct charitable expenditure |
|||||||
| Grants payable | 2 | 17,660 | 3,320 | 20,980 | 9,710 | ||
| Other expenditure | |||||||
| Management and administration |
3 | 3586 | 3586 | 3474 | |||
| TOTAL RESOURCES EXPENDED | 21 246 | 3320 | 24 566 | 13184 | |||
| NET INCOMING | |||||||
| RESOURCES FOR THE YEAR | 47317 | 2 529 | 49846 | 19561 | |||
| OTHER RECOGNISED GAINS | |||||||
| AND LOSSES | |||||||
| Gains on revaluations and disposals |
of | ||||||
| investments held for charity use: |
|||||||
| Profit on sale of investments | |||||||
| Less: previously accounted for as |
|||||||
| unrealised profit |
|||||||
| Realised losses from investments | |||||||
| Unrealised (loss)/gain on investments |
7255 | 3 126 | 12 | 842 | 23223 | 40 506 | |
| TOTAL INVESTMENT GAINS | |||||||
| AND LOSSES | 7255 | 3126 | 12 | 842 | 23223 | 40506 | |
| NET MOVEMENT IN FUNDS |
40,062 | (597) | (12„842) | 26,623 | (20,945) | ||
| TOTAL FUNDS brought forward |
158539 | 66107 | 205 | 197 | 429 &43 | 450 788 | |
| TOTAL FUNDS carried forward | 198601 | 65510 | 192 | 355 | 456466 | 429 843 | |
| All the above results derive from continuing operations |
| Note | 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| F | F | |||||||||
| FIXED | ASSETS | |||||||||
| Musical Instruments | 4 | 10,199 | 11,103 | |||||||
| Investments | at Market Value | 5 | 347,838 | 371,060 | ||||||
| 358,037 | 382,163 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 6 | 5,075 | 3,069 | |||||||
| Cash at bank | and | in hand | 94,034 | 45,041 | ||||||
| 99,109 | 48,110 | |||||||||
| CURRENT LIABILITIES | ||||||||||
| Creditors | and | accruals | 7 | 680 | 430 | |||||
| NET CURRENT ASSETS | 98,429 | 47,680 | ||||||||
| TOTAL | ASSETS | LESSCURRENT | LIABILITIES | 456,466 | 429,843 | |||||
| FUNDS | ||||||||||
| Endowment funds |
8 | 192,355 | 205,197 | |||||||
| Restncted funds |
9 | 65,510 | 66,107 | |||||||
| Unrestricted funds |
10 | 198,601 | 158,539 | |||||||
| 456,466 | 429,843 |
| No. | 2023 | No. | 2022 | |||
|---|---|---|---|---|---|---|
| 5 | ||||||
| Bursa ries | 21 | 19,065 | 14 | 7,650 | ||
| Prizes | 41 | 1,665 | 1,630 | |||
| Other | 250 | 430 | ||||
| 20,980 | 9,710 | |||||
| OTHER EXPENDITURE | ||||||
| 2023 | 2022 | |||||
| E | 6 | |||||
| Net incoming | resources | for the year are stated | ||||
| after charging: | ||||||
| Independent | examiner | remuneration | 250 | 250 | ||
| Depreciation | 904 | 898 | ||||
| Other expenditure | 2,432 | 2,326 | ||||
| 3,586 | 3,474 |
| MUSICAL INSTRUMENTS | ||
|---|---|---|
| 2023 | 2022 | |
| E | E | |
| Net book value at 1 September | 11,103 | 7,050 |
| Additions | 4,950 | |
| Charge for the year | (904) | (897) |
| Net book value at 31 August | 10,199 | 11,103 |
| INVESTMENTS | ||
| 2023 | 2022 | |
| E | ||
| Market value at 1 September | 371,060 | 371,566 |
| Additional investment |
40,000 | |
| Unrealised (loss)/gain |
(23,222) | (40,506) |
| Market value at 31 August | 347,838 | 371,060 |
| Historical Cost at 31 August | 252,508 | 252,508 |
| DEBTORS | ||
| 2023 | 2022 | |
| F | E | |
| Other Debtors | 5,075 | 3,069 |
| CREDITORS AND ACCRUALS | ||
| 2023 | 2022 | |
| F | E | |
| Other Creditors | 680 | 430 |
| Expenditure, | ||||||
|---|---|---|---|---|---|---|
| Balance | Gains and | Balance | ||||
| B/fwd 8 |
Income F |
Losses f |
C/Fwd F |
|||
| Rose | Goulding | Fund | 128,962 | (8,071) | 120,891 | |
| Junior | School | Fund | 76,235 | (4,771) | 71,464 | |
| 205,197 | (12,842) | 192,355 |
| purpo | ses and |
inco | m | e der | ived from pe |
rmanent endowme |
nts given for specific pu |
nts given for specific pu |
rposes. |
|---|---|---|---|---|---|---|---|---|---|
| Expenditure, | |||||||||
| Balance | Gains and | Balance | |||||||
| B/fwd | Income | Losses | C/Fwd | ||||||
| F | 6 | 6 | F | ||||||
| Rose | Goulding | Fund | 3,005 | 266 | (2,142) | 1,129 | |||
| Louise Lamegeon | Fund | 3,632 | 321 | (422) | 3,531 | ||||
| Helen | Knott Fund | 32,314 | 2,859 | (1,928) | 33,245 | ||||
| Shirley Blakey | Fund | 1,184 | 105 | (346) | 943 | ||||
| Alina | Mills Memorial | Fund | 4,305 | 381 | (453) | 4,233 | |||
| lan McPherson | Memorial | Fund | 731 | 65 | (85) | 711 | |||
| Soroptomists | Prize | 988 | 87 | (87) | 988 | ||||
| John | Ellis Memorial | Prize | 14,433 | 1,277 | (722) | 14,988 | |||
| Junior | School | Fund | 5,515 | 488 | (261) | 5,742 | |||
| 66,107 | 5,849 | (6,446) | 65,510 |
| Unrestri | cted funds |
comprise th | e following: | |||
|---|---|---|---|---|---|---|
| Expenditure, | ||||||
| Balance | Gains and | Balance | ||||
| B/fwd | Income | Losses | C/Fwd | |||
| 6 | F | 6 | 6 | |||
| General | Fund | 158,539 | 68,563 | (28,501) | 198,601 | |
| ANALY | SIS OF ASSETS AND | LIABILITIES BETWEEN | FUNDS | |||
| EndowmentRestrictedUnrestricted | Total | |||||
| Funds | Funds | Funds | 2023 | |||
| 6 | 6 | 6 | F | |||
| Musical | Instruments | 10,199 | 10,199 | |||
| Investments | 192,355 | 46,819 | 108,664 | 347,838 | ||
| Current | Assets | |||||
| Debtors | 5,075 | 5,075 | ||||
| Cash | at bank and | in hand | 18,691 | 75,343 | 94,034 | |
| Current | liabilities | (680) | (680) | |||
| 192,355 | 65,510 | 198,601 | 456,466 |