||Page|
|---|---|
|Reportof the Trustees|1to2|
|Independent Examiner'sReport|3|
|StatementofFinancialActivities|4|
|Balance Sheet|5|
|Notesto theFinancialStatements|6 to11|
|Detailed StatementofFinancialActivities|L2|
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|||2lJ23|2022|
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
||Notes|c|t|
|INCOMEANDENDOWMENTSFROM||||
|Investmentincome|2|38,293|
33,630|
|EXPENDITUREON||||
|Raising funds|3|6,264|6,739|
|Charitableactivities|4|||
|Grants in furtherance of the charity's||||
|objects||32,5O0|22,000|
|Grant related supportcosts||7,056|7,495|
|Total||45,820|
36,234|
|Netgains/(losses) on investments||(29,046)|
51,231|
|NETrNCOM E/ (EXPENDTTURE)||(36,573)|
48,627|
|RECONCILIATIONOF FUNDS||||
|Total funds broughtforward||,-,062,357|7,073,730|
|TOTALFUNDSCARRIEDFORWARD||tro25,784|1,062,357|
##
##
|||2023|2022|
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
||Notes|C|E|
|FIXEDASSETS
Investments|B|L,OO9,737|1,033,766|
|CURRENT ASSETS
Cashatbank||L7t7O3|
30,768|
|CREDITORS
Amountsfallingduewithinoneyear|9|(1,656)|
(1,577)|
|NET CURRENT ASSETS||r6p47|29,191|
|TOTAL ASSETS LESSCURRENT
LIABXLITIES||Lp25,784|1,062,357|
|NETASSETS||LtO25t784|1,062,357|
|FUNDS
Unrestricted funds|10|L,o25,784|L,462,357|
|TOTALFUNDS||1,025'784|t,062,357|
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|INVESTMENT INCOME|||
|---|---|---|
||2023|2022|
||E|t|
|Dividends|36,098|30,992|
|Interest|2,195|2,639|
||38,293
:|33,630
:|
|RAISINGFUNDS|||
|Investmentmanagementcosts|||
||2()23
E|2022
t|
|Portfoliomanagement|4,846|4,930|
|Supportcosts|L,418|1,809|
||6,264|6,739|
##
##
|CHARITABLEACTIVITIESCOSTS||||||
|---|---|---|---|---|---|
|||Grant||||
|||funding of||||
|||activities||Support||
||Direct|(see note|costs(see|||
||Costs|s)||note6)|Totals|
||E|E||E|E|
|Grantsinfurtherance of the||||||
|charity'sobjects
Grant related supportcosts|5,O82|32,5OO||97;|32,5OO
7,056|
||_14t3|32,5OO|:|974|j:,slg|
|GRANTS PAYABLE||||||
|||||2()23
E|2022
f|
|Grantsinfurtherance ofthecharity'sobjects|||32,500||22,000|
|Thetotalgrantspaidtoinstitutions during the yearwasas||||||
|follows:||||||
|||||2023|2022|
|||||E|t|
|WigmoreHallTrust||||1,000|1,000|
|TheLeague oftheHelpingHand|||3O,500||20,000_|
|NightingaleWalk||||l,OOO||
|GarsingtonOperaLimited|||||1,000|
||||32,50O||l?100|
##
##
##
|SUPPORTCOSTS|||||
|---|---|---|---|---|
||||Governance||
||Management|Finance|costs|Totals|
|Investment managementcosts
Grant related supportcosts|E
L,236|Eta2
ta2|E
792|E
1,4L8
974|
||L,236|364
:|792
:|2,392|
##
|Support costs, included in the abov
Management|e, areas follows||||
|---|---|---|---|---|
||||zfJ23|2022|
||||Investment||
||||management|Total|
||||costs|activities|
||||2|t|
|Professional fees|||1,236
:|7,567|
|Finance|||||
||||2023|2022|
|||Grant|||
||Investment|related|||
||management|support|Total|Total|
||costs|costs|activities|activities|
|Bank charges|E
182
:|Etaz|E
364
:|t
484
:|
|Governancecosts|||||
||||2023|2022|
||||Grant||
||||related||
||||support|Total|
||||costs|activities|
||||E|t|
|Independent examinersfees|||396|378|
|Accountancy fees|||396|378|
||||_22|756|
##
##
##
|FIXEDASSETINVESTMENTS||
|---|---|
||Listed|
||investment|
||E|
|MARKET VALUE||
|At6thApril2022|1,0331166|
|Additions|5,6L7|
|Revaluations|(29,046)|
|At5thApril2023|L,OO9,737|
|NET BOOK VALUE||
|At5thApril2023|LtOOg,737|
|At5thApril2022|7,033,166|
##
|||2023|2022|
|---|---|---|---|
|||E|I|
|Othercreditors||1,656|7,577
:|
|MOVEMENTINFUNDS||||
|||Net||
|||movement|At|
||At 6/4/22|infunds|s/4/23|
||E|E|E|
|Unrestricted funds||||
|Incomefund|L2,453|(L,263)|11,190|
|CapitalFund|L,O49t9O4|(35,31O)|L,O14t594|
||L,O62,357|(36,573)|1,025,784|
|TOTALFUNDS|1,062,357|(36,573)|1,025,784|
##
##
||Incoming|Resources|Gainsand|Movement|
|---|---|---|---|---|
||resources
EE|expended|losses
E|infunds
E|
|Unrestricted funds|||||
|Incomefund
CapitalFund|38,293|(39.556)
(6,264)|(29,046)|(1,263)
(35,31O)|
||38,293|(45,820)|(29,046)|(36,573)|
|TOTALFUNDS|38,293
:|(45,820)|(29,046)|(36,573)|
##
##
|Comparativesformovement in fun|ds|||
|---|---|---|---|
|||Net||
|||movement|At|
||At 6/4/21|infunds|s/4/22|
||E|E|E|
|Unrestricted funds||||
|Incomefund|8,318|4,135|t2,453|
|CapitalFund|t,005,412|44,492|1,049,904|
||t,0t3,730|48,627|I,062,357|
|TOTALFUNDS|t,0I3,730|48,627|I,062,357|
##
|Comparative net movement in fu|nds,includedintheabov|eare as follo|ws||
|---|---|---|---|---|
||Incoming|Resources|Gainsand|Movement|
||resources
EE|expended|losses
E|infunds
E|
|Unrestricted funds|||||
|Incomefund|33,630|(29,495)||4,135|
|CapitalFund||(6,739)|57,n;|44,492|
||33,630|(36,234)|57,237|48,627|
|TOTALFUNDS|33,630
:|(36,234)|51,237
:|48,627
:|
##
|Acurrent year72months and prior|yeart2months co|mbined positionis|asfollows:||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At6/4/2t|infunds|s/4/23|
|||E|t|E|
|Unrestricted funds|||||
|Incomefund||8,318|2,872|11,190|
|CapitalFund||7,005,4t2|9,r82|7,0t4,594|
|||!,073,730|I2,O54|1,025,784|
|TOTALFUNDS||I,OL3,73O|t2,054|1,025,794|
|Acurrentyear\2months andprior year72months combinednetmovementinfunds,included|||||
|theabove are as follows:|||||
||Incoming|Resources|Gainsand|Movement|
||resources
E|expended
E|losses
t|infunds
E|
|Unrestricted funds|||||
|Incomefund|7L,923|(69,051)||2,872|
|CapitalFund||(13,003)|22,r85|9,1.82|
||77,923|(82,054)|22,785|12,054|
|TOTALFUNDS|7t,923
:|(82,054)|22,I85|1r!s4|
##
||2023|2022|
|---|---|---|
||E|t|
|INCOMEANDENDOWMENTS|||
|Investmentincome|||
|Dividends
Interest|36,O98
2,L95|30,992
2,639|
||38,293|33,630|
|Total incomingresources|38,293|33,630|
|EXPENDITURE|||
|fnvestment management costs|||
|Portfoliomanagement|4$46|4,930|
|Charitableactivities|||
|LaytonsFees|L,236|7,567|
|Investecfees|4,8'46|4,930|
|Grantstoinstitutions|32,5O0|22,000|
||38,582|29,497|
|Supportcosts|||
|Management|||
|Professionalfees|L,236|1,567|
|Finance|||
|Bank charges|364|484|
|Governance costs|||
|Independent examinersfees|396|378|
|Accountancyfees|396|378|
||792|756|
|Totalresources expended|45,820|36,234|
|Netexpenditure before gainsand
losses|(7,527)|(2,604)|
|Realised recognisedgains andlosses|||
|Realisedgains/(losses)onfixedasset|||
|investments||Q4r)|
|Netexpenditure|(7,527)|(5,050)|
|ENCERHART CHARITABLE TRUST
IIEDULE OF INVESTMENTS
R THEYEARENDED5TH APRIL2023|||||||||
|---|---|---|---|---|---|---|---|---|
||Market
Valueat
06-o4.22|Adjustment
Market Value|Additions
in theYear|Disposals
in theYear|Profit/(Loss)
on Disposal|Revaluation
in theYear||Market
valueat
05.04.23|
|25,000Aberdeen StdFundp1gASIEurope Ex UKInc
19,750ApaxGlobalAlphaOrd
12,000Aviva8.75oloCumlrrPreff1
1,400BHP(Billiton) OrdUSDo.5
(Demerger ofWoodside EnergyGroup 07.06.2023)
11,300BlackrockFmLtdEuropeanDynamicFdAcc
1,100CRH Ord C0.32
1,173DiageoOrd €0.028 101/108
7,350Fundsmith EquityIInstlAcc
(Accumulationsinyear)|27,508.00
40,833.00
17,460.00
41,507.00
30,941,00
32,777.O0
46,671.OO
45,363.00||117.80|||1,794.O0
(9,509.00)
(2,820.00)
(J,725.00)
680.00
9,034.00
(3,639.00)
595.20||29,3O2.OO
31,324.O0
14.640.00
33,782.00
31,621.00
41,811.00
43,032.00
46tt76,OO|
|1,000GSKOrd 31.25p
(Demerger of Haleon 18.O7.2022)
21,355GreencoatUK WindOrd {0.01
1,250HaleonOrdf1,25
(Demerger frokcSK18.07,2022)|21,295.00
33,218.00|(3,854.38)
3,854.38||||(2,s69.62)
897.00
403.62||t4,a7t.oo
34,115,00
4,258.00|
|20,000HICLInfrestructureOrd
600Imperial Brands Ord10p
2,100IsharesIiIISCI QltyDiv C Units
12,400JanusHendersonEuropean FocusIAcc
(Accumulationsinyear)|35,920,00
9,698.00
69,524.00
36,729.00||7to.54|||(4,820.00)
1,518.00
(547.00)
2,43a.46||31,r.OO.O0
1t,216.00
64,977.OO
39,878.00|
|1,125lohnWood GroupOrd E0,O42857I
38,488.536JPNlorgan USEquity IncomeK
1,150Jupiter Global DynamicBondD
15,000Lloyds Banking croup9,25olo Non,Cum.Irred.Pref
21,664Lloyds BankingGroupOrd €0.10
1,330M&GOrdf0.05|t,754,00
5A,442.00
11,144.00
23,318.00
10,031.00|||||6s9.00
(1,s00.00)
(1,196.00)
(3,180.00)
460.00||2,413.00
56,942,0O
9,944,00
20,138.OO
10,491.O0|
|4,400lvarks andSpencer Ordf0.25
8,000Monks Investment Trust Ordf0,05
6,100Murray Investment Trust OrdI0.25
1,330Prudential Ord 80.05p
1,786Shell€0.07
17,500Skyline umbrella Fortem CapitalProgGrowthAccFd
20,000Royal London Utm Sterling Credit Inst Inc Z
12,000SchroderOriental Ord €0,01
2,000SSEOTd€0.50
2,000Smith andNephewOrd E0.12222
3,000TescoOrd!0.05
750Unilever Ord f0.031111
16,000Utilico Emerging l4arkets Ordf0.01
252Woodside EnergyGroup
(DemergerfromBHP07.06.2023)|6.9s8.00
90,000.00
77,897,OO
15,079.00
37,877.O0
20,424.00
26,940.00
32,670.00
35,930.00
24,655.00
8,243.00
26,520.00
35,840.00||4,788.44|||246.00
(14,200.00)
3,782.00
(412.00)
4,322.00
291.O0
(3,640.00)
(2,040.00)
335.00
(2,090.00)
(327.oo)
5,633,00
(1,840.00)
(t79,44)||7t2O4.OO
75,80O.OO
41,679.00
14,667.OO
42,199.OO
2O,7tS.OO
23,3OO,OO
3O,63O.OO
36,265.00
22,s6s.OO
7,gt6,oo
32,153.O0
34OOO.OO
4,609.00|
||1.033,166.00||5,616.78|||(29,045,78)||,OO9,737,OO||