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