2022-04-05-accounts

JULIAN SMITH'S 1988 CHARITY TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022

		Page
Trustees' Annual Report		1-4
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Schedule ofInvestments	and Income
Notes to the Financial Statements		9-13

		FORTHE	YEAR ENDED	5APRIL 2022
				2022	2022	2021
			Note	Unrestricted	Total	Prior year
				funds	funds	total funds
Income from:
Donations and	legacies			105,064	105,064
Investments				12,535	12,535	11,398
Total				117,599	117,599	11,398
Expenditure on:
Raising funds				134	134	95
Charitable activities				18,733	18,733	12,373
Total				18,867	18,867	12,468
Net income/(expenditure)				98,732	98,732	(1,070)
Other recognised gains/(losses):
Gains/(losses)	on investment	assets		45,351	45,351	71,831
Net movement	in funds			144,083	144,083	70,761
Reconciliation	offunds:
Total funds brought forward			16	337,640	337,640	266,879
Total funds carried forward				481,723	481,723	337,640

	AS AT 5APRI	L 2022
		Note	2022	2021
			Total	Prior year
			funds	funds
Fixed Assets:
Investments			475,123	324,731
Total Fixed Assets			475,123	324,731
Current Assets:
Debtors		12		4
Cash at bank		13	9,166	13,975
Total Current Assets			9,166	13,979
Liabilities:
Creditors: Amounts	falling due within one year	14	(2,566)	(1,070)
Net Current Assets	or Liabilities		6,600	12,909
Total Net Assets or	Liabilities		481,723	337,640
The Funds ofthe Charity:
Unrestricted funds		16	481,723	337,640
Total Charity Funds			481,723	337,640

			F	ORTHE Y	EAR END	ED 5APR	IL 2022
		Golding	Ma kctValue	Additions	Olsposals	Profit	Holding	BookValue	Marl et	Val e	Percentage	Gros
		6Apr02021	6Ap 'I2021	Cost	Proceeds	(Loss)	5April 2022	5Aprg 2022	5April	2022	oftotal	lucence
			8			5		5	5
Gryphon
Oov rsu	d	2S,$0200	285,748	105,041 13			39,10650	284,350.23	430,367		905834	10,423 17
Merchants	Trust
Old GBP0.25		7,750	38,9$3				7,750	32,$9875		44,756	942 'll	2,111.$8
TOTAL:			324,731	105,041.13				317,24L98	475,123		1011.00 34	iS,SSS.OS

4.	Donations	and legacies					2022	2021
	IFESmith		Charitable	Trust			105,064
							105,064
5.	Investment		income				2022	2021
	Income from investments						12,535	11,398
							12,535	11,398
6.	Expenditure		on raising		funds		2022	2021
	Investment	management			fees		134	95
							134	95
7.	Charitable		activities			Direct	Support
						costs	costs
						(see note 8)	(see note 9)	Total
						K		K
	Charitable	expenditure				I5,400	3,333	18,733

West Grinstead PCC	West Grinstead PCC								5,000
Charities Aid	Foundation								3,000
Fletching Primary School		Parent		Teacher		Association			2,000
British Red Cross									1,500
Institute ofEconomic Affairs									1,500
Tusk Trust									1,000
									14,000
Other grants (equal to or individually					less	than f500)			1,400
Total for the	year								15,400
Analysis ofgrants made							Grants to	Grants to
							institutions	individuals	Total
								f.
Advancement	ofeducation						2,000		2,000
Advancement	ofreligion						5,750		5,750
Advancement	ofhealth or	the saving			oflives		1,750		1,750
Advancement	ofthe arts, culture,			heritage		or science	200		200
Advancement	ofenvironmental		protection			or improvement	1,500		1,500
Relief ofthose	in need, by	reason		of	youth, age, ill-health,
disability,	financial hardship			or	other	disadvantage	200		200
Advancement	ofanimal welfare						1,000		1,000
Any other charitable purposes							3,000		3,000
							I5,400		15,400
Support costs								2022	2021
Administration	expenses							3,030	1,352
Bank charges								7	5
Legal Entity Identification		number		fee				74	70
Portfolio Stewardship fees								222	196
								3,333	1,623

Fixed asset investments		2022	2021
		8
Market value	brought forward	324,731	253,717
Additions		105,041
Less disposal	proceeds		(817)
Net gains/(losses) on investments		45,351	71,831
Market value	carried forward	475,123	324,731
Geographical	analysis	2022	2021
United Kingdom investments		475,123	324,731
		475,123	324,731

12.	Debtors			2022	2021
					g
	Administration Expenses				4
13.	Cash at bank			2022	2021
	Royal Bank ofScotland pic			8,257	13,341
	Schroder &Co Limited			909	634
				9,166	13,975
14.	Creditors: Amounts falling due within		one year	2022	2021
	Administration Expenses			1,566
	Payments due to charities			1,000	1,000
	Legal Entity Identification	number fee			70
				2,566	1,070

		FOR	THE YEAR ENDED 5A	PRIL 2	022
15.	Commitments	made		Annual	value	Number	Total
						ofyears
	No conditions attached:
	Science Museum				1,000	I	1,000
							1,000
16.	Movement in funds					2022	2021
						8
	Unrestricted funds:
	Balance brought	forward				337,640	266,879
	Net movement	in funds				144,083	70,761
	Balance carried	forward				481,723	337,640
	Net movement	in funds included	in the above are as follows:
						Gains and	Movement
			Income	Outgoings		losses	in funds
	Unrestricted funds		117,599	(18,867)		45,351	144,083