SARAH PRESTON'S 1988 CHARITY TRUST ANNUAL RF.PORT AIYD FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022
| Page | ||
|---|---|---|
| Trustee's Annual Report |
I-4 | |
| Independent Examiner's |
Report | |
| Statement ofFinancial Activities | ||
| Balance Sheet | ||
| Schedule ofInvestments | and Income | |
| Notes to the Financial Statements | 9-12 |
| 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Total | Prior year | ||||
| funds | funds | total funds | |||||
| Income from: | |||||||
| Donations and |
legacies | 105,064 | 105,064 | ||||
| Investments | 3,635 | 3,635 | 3,457 | ||||
| Total | 108,699 | 108,699 | 3,457 | ||||
| Expenditure | on: | ||||||
| Raising funds | 164 | 164 | 128 | ||||
| Charitable activities |
13,285 | 13,285 | 11,693 | ||||
| Total | 13,449 | 13,449 | 11,821 | ||||
| Net income/(expenditure) | 95,250 | 95,250 | (8,364) | ||||
| Other recognised | gains/(losses): | ||||||
| Gains/(losses) | on investment | assets | 22,214 | 22,214 | 80,193 | ||
| Net movement | in funds | 117,464 | 117,464 | 71,829 | |||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 15 | 395,348 | 395,348 | 323,519 | ||
| Total funds carried forward | 512,812 | 512,812 | 395,348 |
| AS AT 5APRI | L 2022 | |||
|---|---|---|---|---|
| Note | 2022 | 2021 | ||
| Total | Prior year | |||
| funds | funds | |||
| Fixed Assets: | ||||
| Investments | 489,115 | 378,525 | ||
| Total Fixed Assets | 489,115 | 378,525 | ||
| Current Assets: | ||||
| Cash at bank | 12 | 25,637 | 17,626 | |
| Total Current Assets | 25,637 | 17,626 | ||
| Liabilities: | ||||
| Creditors: Amounts | falling due within one year | 13 | (1,940) | (803) |
| Net Current Assets | or Liabilities | 23,697 | 16,823 | |
| Total Net Assets or | Liabilities | 512,812 | 395,348 | |
| The Funds ofthe Charity: | ||||
| Unrestricted funds |
15 | 512,812 | 395,348 | |
| Total Charity Funds | 512,812 | 395,348 |
| F | ORTHE Y | EAR ENDE | D 5APRI | L 2022 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| molding | Ma | kct Val e | Additions | yytsposats | Proig | Holding | gook Value | Market Value | Fercenlsge | Ol'css | |||||
| 6Apdl 2021 | 6Aprg 2021 | C slf | P ocecds | ILoss) | 5April2022 | 5Ap 112022 6 |
5Apri12022 | oltotal | Income f |
||||||
| Empt on | |||||||||||||||
| Emtgiv | rp | d | 1,63300 | 377,158 | 89,69769 | 2,03700 | 2$5,84690 | 48$,411 | 9986yt | 3,632 96 | |||||
| lhyphan 0 I. |
4 | 97,06725 | 97,717.21 | ||||||||||||
| S hmd | P | mt | Equity Fu | d E | |||||||||||
| Cts A Shams | Eum | 759.86 | 1,367 | 67230 | 343 45 | 390 16 | 133.$8 | 704 | 0.14% | ||||||
| TOTAL; | 375,525 | 1glhyd4. 94 | 98,389.51 | 1,195.41 | 2$5,98ll78 | 4$9,115 | 100.00 'll | 3,632.96 |
| In the financial year to |
In the financial year to |
In the financial year to |
5 April 2022 | 5 April 2022 | the Trustee | did | not receive any remuneration | not receive any remuneration | not receive any remuneration | or have its expenses | or have its expenses | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| reimbursed | by the Charity. | Cowdray | Trust Limited | charged | administration | expenses of f3264 [2021: | ||||||
| f1685]. | ||||||||||||
| 4. | Donations | and legacies | 2022 | 2021 | ||||||||
| g | ||||||||||||
| IFBSmith | Charity Trust | 105,064 | ||||||||||
| 105,064 | ||||||||||||
| 5. | Investment | income | 2022 | 2021 | ||||||||
| Income from investments | 3,633 | 3,453 | ||||||||||
| Gross bank | interest | 2 | 4 | |||||||||
| 3,635 | 3,457 | |||||||||||
| 6. | Expenditure | on raising | funds | 2022 | 2021 | |||||||
| Investment | management | fees | 164 | 128 | ||||||||
| 164 | 128 | |||||||||||
| 7. | Charitable | activities | Direct | Support | ||||||||
| costs | costs | |||||||||||
| (see note 8) | (see note 9) | Total | ||||||||||
| Charitable | expenditure | 9,700 | 3,585 | 13,285 |
| Support costs | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| 8 | ||||||
| Administration | expenses | 3,264 | 1,685 | |||
| Legal Entity Identification | number | fee | 74 | 70 | ||
| Portfolio Stewardship | fees | 247 | 238 | |||
| 3,585 | 1,993 |
| 11. | Fixed asset investments | 2022 | 2021 |
|---|---|---|---|
| Market value brought forward |
378,525 | 308,782 | |
| Additions | 186,765 | ||
| Less disposal proceeds | (98,389) | (10,450) | |
| Net gains/(losses) on investments |
22,214 | 80,193 | |
| Market value carried forward | 489,115 | 378,525 | |
| Geographical analysis |
2022 | 2021 | |
| United Kingdom investments |
488,411 | 377,158 | |
| Overseas investments |
704 | 1,367 | |
| 489,115 | 378,525 |
| FOR T | HE YEAR END | ED 5AP | RIL 2022 | ||||
|---|---|---|---|---|---|---|---|
| 12. | Cash at bank | 2022 | 2021f | ||||
| Royal Bank ofScotland pic | 1,970 | 2,967 | |||||
| Schroder &Co Limited | 23,667 | 14,659 | |||||
| 25,637 | 17,626 | ||||||
| 13. | Creditors: Amounts faging due |
within one year | 2022 | 2021f | |||
| Administration Expenses |
1,440 | 233 | |||||
| Payments due to charities |
500 | 500 | |||||
| Legal Entity Identification | number fee | 70 | |||||
| 1,940 | 803 | ||||||
| 14. | Commitments made |
Annual | Number | Total | |||
| value | ofyears | ||||||
| No conditions attached: |
|||||||
| Science Museum | 500 | I | 500 | ||||
| 500 | |||||||
| 15. | Movement in funds |
2022 | 2021f | ||||
| Unrestricted funds: |
|||||||
| Balance brought forward | 395,348 | 323,519 | |||||
| Net movement in funds |
117,464 | 71,829 | |||||
| Balance carried forward | 512,812 | 395,348 | |||||
| Net movement in funds included |
in the above are as | follows: | |||||
| Gains and | Movement | ||||||
| Incomef | Outgoings | losses | in funds | ||||
| Unrestricted funds |
108,699 | (13,449) | 22,214 | 117,464 |