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|As a small|charity
with limited resources and personnel,|charity
with limited resources and personnel,|charity
with limited resources and personnel,|charity
with limited resources and personnel,|it is impractical
to institute a robust system
of internal
control. The charity has|it is impractical
to institute a robust system
of internal
control. The charity has|it is impractical
to institute a robust system
of internal
control. The charity has|it is impractical
to institute a robust system
of internal
control. The charity has|it is impractical
to institute a robust system
of internal
control. The charity has|no|
|---|---|---|---|---|---|---|---|---|---|---|
|employees||and has employed
the firm|ofChartered|Accountants
to act as Trust Correspondent.
The only others involved
in running|||||the||
|charity are|the Trustees themselves.||||||||||
|Polices and||procedures
have been developed
to cover|||matters such as, financial systems,
investment
management,
awarding||ofgrants,||||
|conflict of|interest and other matters. These are regularly||||reviewed.
In addition there is|an annual
budgeting
process against which actual|||||
|performance||is monitored
throughout|the year at regular||Trustees'
meetings.||||||
|||Principal
risks and uncertainties||||Response|||||
||||||Internal||||||
||False accounting||||~Quarterly
review offinancial
performance
against agreed budget||||||
||||||~External statuto
audit||||||
||Misappropriation
ofincome||||~Almost all income is collected|by investment
advisors and controlled|by|them|||
||||||~Insignificant
and rare refunds|ofgrants returned
by direct payment|||||
||||||~Assurance
reports on internal|controls ofcustodians
of our investments|||||
||Inflated expenditure||||~Detailed
written
policy on financial systems
which includes
requirement|||for|all||
||||||payments
to have 2 signatories|including
at least 1 trustee|||||
||||||~Investment
managers
fees are taken from funds held by them and amounts|||||are|
||||||reviewed
to ensure compliance|with agreement|||||
||Misappropriation
ofassets-||||||||||
|||Investments|||~Assurance
reports on internal|controls of custodians
of our investments|||||
|||Cash at bank|||~Monthly
bank reconciliations||||||
||||||x erna||||||
||Loss in value of investments||||~
erna
inves men
managers|ave
iscre ion
o manage
our
un s.||owever,|||
||||||the risk remains that external economic and political influences
cannot||always|||be|
||||||foreseen and therefore
miti
ated||||||
||Fraudulent
grant applications||||~Capital and project grants are|reviewed
by the board oftrustees|||||
||||||~Grants to individuals
are paid|to sponsors
who are charged
with the responsibility|||||
||||||~Trustees
visit grantees
or sponsors
from time to time||||||
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|||||Unrestricted|Permanent|2023|2022|
|---|---|---|---|---|---|---|---|
|||||Funds||||
||||Notes|General|Endowment|Total|Total|
|INCOME FROM||||||||
|Donation||||||||
|Investment
income||||||||
|Funds held by Investment||Managers|||159,144|159,144|149,247|
|Bank interest|||||55|55|2|
|Total Income|||||159,199|159,199|149,249|
|EXPENDITURE ON||||||||
|Raising Funds|||||33,633|33,633|36,284|
|Charitable
activities||||432,445||432,445|392,449|
|Governance costs||||6,842||6,842|6,473|
|Total Expenditure||||439,287|33,633|472,920|435,206|
|Net gains on Investment|assets||||(385,371)|(385,371)|368,338|
|NET INCOME/(EXPENDITURE)||||(439,287)|(259,805)|(699,092)|82,381|
|Transfers||||439,287|(439,287)|||
|NET MOVEMENT
IN FUNDS|||||(699,092)|(699,092)|82,381|
|TOTAL FUNDS brought|forward||||6,034,567|6,034,567|5,952,186|
|TOTAL FUNDS carried|forward||||5,335,475|5,335,475|6,034,567|
|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|||
|FIXEDASSETS||||||
|Investments||||5,355,039|5,845,976|
|CURRENT ASSETS||||||
|Cash awaiting|investment|||118,889|146,812|
|Bank and cash||||19,252|47,179|
|||||138,141|193,991|
|LIABILITIES:Amounts||falling due within one year||157,705|5,400|
|NET CURRENT|ASSETS/(LIABILITIES)|||||
|||||(19,564)|188,591|
|NET ASSETS||||5,335,475|6,034,567|
|FUNDS||||||
|Permanent
Endowment||||5,335,475|6,034,567|
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|||||||2023||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||E||E||E|
|Grants to individuals||||||24,183||||20,978|
|Grants to individuals|- discretionary|||||7,800||||10,750|
|Grants to institutions||||||131,447||||120,946|
|Capital grants||||||250,000||||225,000|
|||||||||413,430||377,674|
|Support costs|||||||||||
|Correspondent's|remuneration|||||18,360||||13,728|
|Telephone,
postage and||stationery||||0||||301|
|Bank charges||||||100||||136|
|Travelling
expenses||||||0||||218|
|Data Protection fee||||||35||||35|
|Meeting expenses||||||182||||359|
|Website costs||||||144||||0|
|Sundries||||||194|||||
|||||||||19,015||14,777|
|||||||||432,445||392,451|
|Governance
costs|||||||||||
|Correspondent's|remuneration|||||3,240||||2,423|
|Telephone,
postage and||stationery||||0||||53|
|Travelling
expenses||||||0||||38|
|Meeting expenses||||||182||||359|
|Auditors'
remuneration||||||3,420||||3,600|
|||||||||6,842||6,473|
|During the year grants to individuals||||have been made as follows:|||||||
||||||2023|2023||2022||2022|
|||||||Total||||Total|
|Purpose|||||Number|Amount|N|umber||Amount|
|||||||E||||E|
|Clothing|||||9|1,235|||9|1,690|
|Education
and training|||||3|650|||15|3,213|
|Household|||||93|21,948|||95|15,835|
|Activities|||||2|350|||2|240|
||||||107|24,183|||100|20,978|
|Grants made to institutions||have been made as follows:|||||||||
|Purpose|||||||||||
|Equipment/buildings|||||3|12,194|||2|20,000|
|Social activity and educational|||programmes||35|119,253|||28|100,946|
||||||38|131,447|||30|120,946|
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|All Saints Youth Project||L2,000|Lifespace Trust||L4,672|
|---|---|---|---|---|---|
|Andrew
Simpson
Foundation||L4,200|Mentor
Link||L5,000|
|B/ham Opera Company||L1,000|Music ofLife||L5,000|
|B/ham Rep Theatre||L3,000|NICE||E2,277|
|Barford Youth & Community||810,000|Redthread
Youth||L5,000|
|B'ham Bosnia and Herz Com|Assoc|L5,000|Sandwell
Asian Dev't|Assoc|L3,000|
|Birmingham
County Scouts||L2,000|South Sudanese East Bank||L1,500|
|Birmingham
Royal Ballet||L3,000|Spitfire Advice &Support||L5,000|
|Birmingham
Spitfire District||8750|Sport 4 Life UK||L5,000|
|Cannon St Memorial
Baptist||L5,000|Sudden
Productions||L2,500|
|Changing
Tunes||L5,000|Tall Ships Youth Trust||L2,000|
|City Year||L2,500|The Living Paintings|Trust|L1,950|
|Community
Safety Education|CIC|L2,200|The Outward
Bound Trust||L3,104|
|Compass
Drug Service||L5,000|UK Sailing Academy||L5,000|
|Family Connection Assoc||L2,500|Volunteering
Matters||L2,500|
|Go Beyond||L1,100|Warks Young Carers||L7,500|
|Kairos Women Working Together||L5,000|Whizz Kids||L1,500|
|KIDS||L2,500|Woodlands
Adventure||8694|
|La Pepiniere
Ministries||L4,000|Youre Cherished
CIC||L2,500|
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|||||||||Unapplied|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Endowment|Total Return|Total||
|Aggregate|value ofthe assets since the outset oftotal return||||||2023
f|2023
f|2023f|2022f|
|Value at 1|April 1991||||||1,813,010||1,813,010|1,813,010|
|Additional|endowed
capital||1 April 1992||||246,620||246,620|246,620|
|Gain in value||||||||3,974,937|3,974,937|3,892,556|
|Value at 6|April 2022|||||Total|2,059,630|3,974,937|6,034,567|5,952,186|
|Movements|in the year ended 5April 2023||||||||||
|Gain(Loss)|in value|||||||(385,371)|(385,371)|368,338|
|Net Investment
income receivable||||||||159,199|159,199|149,249|
|Investment|management|costs charged against permanent|||endowment|||(33,633)|(33,633)|(36,284)|
|||||||Total||(259,805)|(259,805)|481,303|
|Net unapplied
total return||allocated to income for the year ended 5April 2023||||||(439,287)|(439,287)|(398,922)|
||||Net movement|for the year ended 5April 2023||||699,092|699,092|82,381|
|Value at 5|April 2023||||||||||
|Permanent|endowment||||||2,059,630||2,059,630|2,059,630|
|Unapplied|total return|||||||3,275,845|3,275,845|3,974,937|
|||||||Total|2,059,630|3,275,845|5,335,475|6,034,567|
##
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|||||Unrestricted|Permanent|2022|
|---|---|---|---|---|---|---|
|||||Funds|||
||||Notes|General|Endowment|Total|
|||||E|E|E|
|INCOME FROM|||||||
|Investment
income|||||||
|Funds held by Investment||Managers|||149,247|149,247|
|Bank interest|||||||
|Total Income|||||149,249|149,249|
|EXPENDITURE ON|||||||
|Raising Funds|||||36,284|36,284|
|Charitable
activities||||392,449||392,449|
|Governance costs||||6,473||6,473|
|Total Expenditure||||398,922|36,284|435,206|
|Net gains on investment||assets|||368,338|368,338|
|NET (EXPENDITURE)I INCOME||||(398,922)|481,303|82,381|
|Transfers||||398,922|(398,922)||
|NET MOVEMENT
IN FUNDS|||||82,381|82,381|
|TOTAL FUNDS brought|forward||||5,952,186|5,952,186|
|TOTAL FUNDS carried|forward||10||6,034,567|6,034,567|
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