| Page | ||
|---|---|---|
| Tmstees' report | 1-4 | |
| Statement oftrustees' | responsibilifies | |
| Independent auditor's |
report | |
| Statement offinancial | activities | |
| Balance sheet | 10 | |
| Notes to the financial | statements | 11-17 |
| The trustees who served during the year and | up tothe date ofsignature | ofthe financial statements | were: |
|---|---|---|---|
| CMR Can | |||
| RWCarter | |||
| Air Cdre CRFowler | (Resigaed | 10January 2022) | |
| BC Turner - Master 2022 | |||
| M1Gunston | (Resigned | 10January 2022) | |
| 13WUtting DL | (Appointed | 3Ctctober 2022) | |
| AMBdgcumbe | (Appointed | 10January 2022) | |
| JRay | (Appointed | 10January 2023) | |
| TMacAndrews | (Appointed | 10January 2023) |
| Unrestricted | I/nrestrtcmd | ||
|---|---|---|---|
| I~ | Notes | fends 2022 |
fends 2021 f |
| I)onations and legacies | 33275 | 38,526 | |
| Charitable activities | 5,556 | 8,583 | |
| Investments | 36217 | 36,728 | |
| 75,048 | 83,837 | ||
| 13,921 | 11,278 | ||
| Charitable activities |
75/OI | 92,976 | |
| Total expenditure | 89,122 | 104,254 | |
| Net gains/(losses) on investments |
11 | (217„875) | 126,444 |
| Net movement in funds | (231,949) | 106,027 | |
| Fund balances at I Ianuary 2022 | 1,755,295 | 1,649268 | |
| Fund btdances at31December 2022 | 1,523,346 | 1,755,295 | |
| The statement offmancial activities Includes aII gains and tosses recognised in the year. |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | |||
| 8 | |||
| Donations | and gifis | 33475 | 38349 |
| legacies | nxcivable | 177 | |
| 33,275 | 38,526 |
| Charitable | Charitable | ||
|---|---|---|---|
| Income | lncame | ||
| pleading 1 | pleading 1 | ||
| 2022 | 2021 | ||
| 0 | |||
| Rvent | income | M56 | 8,583 |
| 5 | Investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| feeds | fends | ||
| 2022 | 2021 | ||
| income &om listed ievesunents | 36,183 | 36,716 | |
| interest receivable | 34 | 12 | |
| 36417 | 36,728 |
| Ummtricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| d!oIIr | 2022 | 2021 8 |
|
| Other fuudraising | costs | 3,517 | 775 |
| agnL | 10&404 | 10,503 | |
| 13,921 | 11/78 |
| Provhdon of | Provision of | |||
|---|---|---|---|---|
| grants | grants | |||
| 2022 | 2021 | |||
| f, | f. | |||
| Omm | funding ofacdvtties (scenote 8) | 52,732 | 80,976 | |
| Share | ofsupport costs (soe note 9) | 15,113 | 12,000 | |
| Share | ofgovernance | costs (see note 9) | 7256 | |
| 75201 | 92,976 |
| Provision of | Pmvision of | Pmvision of | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| greats | gmms | ||||||||||||
| 2022 | 2021 | ||||||||||||
| f. | f | ||||||||||||
| 52,732 | 80,976 | ||||||||||||
| 52,732 | 80,976 | ||||||||||||
| Support costs | |||||||||||||
| Support | costs | Gevernanes | 2022 Support | costs | Governance | 2021 | |||||||
| ~t fees | 12,00D | costaf | f 12,000 |
f 12,000 |
COStS f |
12,000 | |||||||
| Repairs and | renewals | 3,1D3 | 3,1D3 | ||||||||||
| Bank charges | 10 | 10 | |||||||||||
| Audit fees | 7,356 | 7,356 | |||||||||||
| 15,113 | 7,356 | 22,469 | 12,000 | ||||||||||
| Analysed between | |||||||||||||
| Charitable | activities | 15,113 | 7,356 | 22,469 | 12,lNO | 12,000 | |||||||
| Governance | costs | include payments | to the auditors | off7,356(The fees off2,500 were paid | by the Livery | Company for |
|||||||
| the year ended 31 | December 2021)for audit fees. | ||||||||||||
| Trustees | |||||||||||||
| None ofthe trustees (or any persons | connected with | them) received any remuneration | orbeneDts from the | chmtty | during | ||||||||
| the year. | |||||||||||||
| Net gains/(tosses) | on tnveshnents | ||||||||||||
| Unrestricted | Unrestricted | ||||||||||||
| funds | funds | ||||||||||||
| 2022 | 2021 | ||||||||||||
| f | |||||||||||||
| Revaluation | ofinvestments | (215,482) | 50,850 | ||||||||||
| Gain/(toss) | on sale ofinveshnents | (2393) | 75,594 | ||||||||||
| (217,875) | 126,444 |
| Listed | Cash in | Total | ||
|---|---|---|---|---|
| iavestm eats | portfego | |||
| f | ||||
| Cost or valuation | ||||
| At 1 January 2022 | 1,646,599 | 53,778 | 1,700,377 | |
| Additions | 125,541 | 125,541 | ||
| Valuation changes |
(215,482) | (215,482) | ||
| Cash movements | 11,712 | 11,712 | ||
| Disposals | (165,916) | (165,916) | ||
| At31December 2022 | 1,390,742 | 65,490 | 1,456,232 | |
| Carrying amount |
||||
| At 31December 2022 | 1,390,742 | 65,490 | 1,456232 | |
| At 31December 2021 | 1~,599 | 53,778 | 1,700377 | |
| Kstoricat cost | ||||
| At 31December2022: f1,300,425 At 31December 2021:f1@12„609 |
||||
| Investments that hsd avalue of5A,ormore ofthe marhet value held atyear end are: |
||||
| Dodge 41Cox Worldwide | —f79,255 | |||
| Revaluation reserves off90,317(2021:f334.020)are |
included in the unrestricted fund |
| 14 | Debtors | |||
|---|---|---|---|---|
| Amounts falling due within one year: |
||||
| Other debtors | 17,415 | 18,182 | ||
| prepayments | snd accrued income | 216 | 3,000 | |
| 17,631 | 21,182 |
| 15 | Creditors: amounts | falling | dae within one | dae within one | year | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | |||||||||
| Notes | |||||||||
| Deferred income | 16 | 50,885 | 31&350 | ||||||
| Accruats and deferred income | 6,134 | 15,318 | |||||||
| 57,019 | 46,668 | ||||||||
| 16 | lleferred mcome | ||||||||
| 2022 | 2021 | ||||||||
| 8 | |||||||||
| Arising fmm 400th | Anniversary | Appeal | 50,885 | 31,350 | |||||
| Deferred income is | included | in tbe fmsncinl | statements | as follows: | |||||
| 2021 | |||||||||
| 0 | |||||||||
| Deferred income is | included | within: | |||||||
| Current liabilities | 50,885 | 31,350 | |||||||
| Movements in the year. |
|||||||||
| Defened income at | 1 January | 2022 | 31,350 | ||||||
| Released fmm previous periods | (31&350) | ||||||||
| Resources deferred | in the year | 50,885 | 31,350 | ||||||
| Deferred incrsne at | 31December 2022 | 50,885 | 31.350 |