SARAH PRESTON'S 1988 CHARITY TRUST
ANNUAL RF.PORT AIYD FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2022

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|||Page|
|---|---|---|
|Trustee's<br>Annual<br>Report||I-4|
|Independent<br>Examiner's|Report||
|Statement ofFinancial Activities|||
|Balance Sheet|||
|Schedule ofInvestments|and Income||
|Notes to the Financial Statements||9-12|





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||||||2022|2022|2021|
|---|---|---|---|---|---|---|---|
|||||Note|Unrestricted|Total|Prior year|
||||||funds|funds|total funds|
|Income from:||||||||
|Donations<br>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<br>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|





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||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<br>funds||15|512,812|395,348|
|Total Charity Funds|||512,812|395,348|



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||||||||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<br>6|5Apri12022|oltotal|Income<br>f|
|Empt on||||||||||||||||
|Emtgiv|rp|d|||1,63300||377,158|89,69769|||2,03700|2$5,84690|48$,411|9986yt|3,632 96|
|lhyphan<br>0<br>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|





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||In the financial<br>year to|In the financial<br>year to|In the financial<br>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|





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|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|



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|11.|Fixed asset investments|2022|2021|
|---|---|---|---|
||Market value brought<br>forward|378,525|308,782|
||Additions|186,765||
||Less disposal proceeds|(98,389)|(10,450)|
||Net gains/(losses)<br>on investments|22,214|80,193|
||Market value carried forward|489,115|378,525|
||Geographical<br>analysis|2022|2021|
||United Kingdom<br>investments|488,411|377,158|
||Overseas<br>investments|704|1,367|
|||489,115|378,525|





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|||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<br>faging due||within one year|||2022|2021f|
||Administration<br>Expenses|||||1,440|233|
||Payments<br>due to charities|||||500|500|
||Legal Entity Identification|number fee|||||70|
|||||||1,940|803|
|14.|Commitments<br>made||||Annual|Number|Total|
||||||value|ofyears||
||No conditions<br>attached:|||||||
||Science Museum||||500|I|500|
||||||||500|
|15.|Movement<br>in funds|||||2022|2021f|
||Unrestricted<br>funds:|||||||
||Balance brought forward|||||395,348|323,519|
||Net movement<br>in funds|||||117,464|71,829|
||Balance carried forward|||||512,812|395,348|
||Net movement<br>in funds included||in the above are as|follows:||||
|||||||Gains and|Movement|
|||||Incomef|Outgoings|losses|in funds|
||Unrestricted<br>funds|||108,699|(13,449)|22,214|117,464|



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