| Page | |||
|---|---|---|---|
| Reference and Administrative Information |
|||
| Trustees Report | |||
| Independent Examiners |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to the Accounts | |||
| Schedule 1to the accounts is for the Trustees | information | ||
| only and does not form part ofthe statutory | accounts | ||
| Schedule 1 - Investment |
Portfolio | 1 |
| FORTH | E YEA | R ENDED 5APRIL 2023 | R ENDED 5APRIL 2023 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| Income | Expendable | Funds | Funds | ||||
| Funds | Endowment | 2023 | 2022 | ||||
| Notes | |||||||
| INCOME FROM: | |||||||
| Investments | |||||||
| Dividends | 129,691 | 129,691 | 118,887 | ||||
| Interest on. Securities | 26,169 | 26,169 | 19,894 | ||||
| Bank and stockbroker | interest | 3,430 | 3,430 | 53 | |||
| TOTAL INCOME | 159,290 | 159,290 | 138,834 | ||||
| EXPENDITURE ON: | |||||||
| Raising funds | |||||||
| Investment management |
costs | 33,488 | 33,488 | 37,350 | |||
| Administration costs |
10,602 | 10,602 | 11,543 | ||||
| Charitable activities |
|||||||
| Project grants | 8 | 185,046 | 185,046 | 67,366 | |||
| TOTAL EXPENDITURE | 229,136 | 229,136 | 116,259 | ||||
| NET EXPENDITURE | BEFORE | ||||||
| INVESTMENT (LOSSES) / GAINS | (69,846) | (69,846) | 22,575 | ||||
| (Losses) / gains on investments | |||||||
| Realised on sale | (84,593) | (84,593) | 69,207 | ||||
| Unrealised | (357,822) | (357,822) | 178,267 | ||||
| NKT (EXPENDITURE) / INCOME AND NKT MOVEMENT IN~S |
(69,846) | (442,415) | (512,261) | 270,049 | |||
| Reconciliation offunds: |
|||||||
| TOTAL FUNDS BROUGHT FORWARD | 256,540 | 5,761,503 | 6,018,043 | 5,747,994 | |||
| TOTAL~SCARRIED FORWARD | f186,694 | K5,319,088 | K5,505,782 | K6,018,043 |
| BALANCE SH A.SAT 5APRIL |
EET 2023 |
|||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Note | ||||
| FIXEDASSETS | ||||
| Investments | 5,473,915 | 5,870,078 | ||
| CURRENT ASSETS | ||||
| Accrued income | 400 | |||
| Cash at bank | ||||
| Deposit account | 33,157 | 47,619 | ||
| Capital account | 1,000 | 1,000 | ||
| Cash at stockbrokers | ||||
| Capital account | 100,954 | 145,916 | ||
| Income account | 8,702 | 8,550 | ||
| USD Capital account | 2,026 | |||
| Euro Capital account | 18,624 | 31,701 | ||
| 162,437 | 237,212 | |||
| CREDITORS: Amounts | falling due within | |||
| one year | 120,570 | 69,247 | ||
| NKT CURRENT (LIABILITIES) / ASSETS | 41,867 | 167,965 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 5,515,782 | 6,038,043 | ||
| CREDITORS: Amounts | falling due after | |||
| more than one year | 10,000 | 20,000 | ||
| NKT ASSETS | K5,505,782 | 16,018,043 | ||
| CHARITY FUNDS | ||||
| Unrestricted funds |
10 | 186,694 | 256,540 | |
| Endowment funds |
||||
| Expendable endowment |
10 | 5,319,088 | 5,761,503 | |
| TOTAL CHARITY FUNDS | K5,505,782 | K6,018,043 |
| Basis of | Income | Expendable | 2023 | 2022 | |||
|---|---|---|---|---|---|---|---|
| Allocation | Fund | Endowment | Total | Total | |||
| Governance | costs | ||||||
| Independent | examiners | fees | Direct | 3,180 | 3,180 | 3,060 | |
| Clerk's fees | Direct | 7,785 | 7,785 | 7,780 | |||
| PPS | Direct | 392 | 392 | 387 | |||
| Sundry expenses | Direct | ||||||
| Bank Charges | Direct | 90 | 90 | 108 | |||
| Insurance | Direct | 308 | 308 | 308 | |||
| Exchange difference | Direct | (1,153) | (1,153) | (100) | |||
| 10,602 | 10,602 | 11,543 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Listed investments | ||||
| Stocks and shares | 5,473,915 | 5,870,078 | ||
| Movements in axed asset investments: |
||||
| Market value at6April | 5,870,078 | 5,783,087 | ||
| Additions at cost |
991,084 | 1,195,529 | ||
| Disposal proceeds | (944„832) | (1,356,012) | ||
| Realised gaml(loss) on | disposal | (84,593) | 69$,07 | |
| Unrealised revaluation |
gain/(loss) | (357,822) | 178/67 | |
| Market value at 5April | 5,473,915 | 5,870,078 | ||
| Historical cost as at 5 April | 4,991,804 | 4,953,337 | ||
| Investments can be sumnmrised |
asfollows: | |||
| UK stocks | 2,881,293 | 3,215,202 | ||
| Foreign stocks | 2,592,622 | 2,654,876 | ||
| Market value at 5April | 5,473,915 | 5,870,078 |
| 2023 | 2022 | ||
|---|---|---|---|
| Amounts | falling due within one year | ||
| Grants payable | 109,000 | 57,000 | |
| Accruals | 11,570 | 12,247 | |
| 120,570 | 69,247 | ||
| Amounts | falling due after more than one year | ||
| Grants payable | 10,000 | 20,000 | |
| 10,000 | 20,000 |
| 2023 | ||||
|---|---|---|---|---|
| Charitable grants made to institutions |
during the period comprise: | |||
| 4~Dunstable Scout Group |
||||
| A4S (Progressability. org) | 5,084 | |||
| AII Saints Church Great Barford | 8,000 | |||
| Asthma Relief | 2,850 | |||
| Autism Bedfordshire | 10,000 | |||
| Bedford MS Therapy Centre | 30,000 | |||
| BOLD (formerly Beds Garden Carers) —pledge withdrawn | (12,000) | |||
| British Red Cross | 3,500 | |||
| Crackerjack's Children's Trust |
1,515 | |||
| East Anglian Air Ambulance | 10,000 | |||
| Elisabeth Curt Riding for the Disabled | 7,000 | |||
| Friends ofBushmead School | 5,000 | |||
| Full House Theatre Company | 5,000 | |||
| Goldington Reading 8r,Recreation Rooms |
4,000 | |||
| Great Barford ViHage Hall | 1/00 | |||
| IMPAKT | 2,000 | |||
| Joss SearchEgbt | 1,500 | |||
| Keech Hospice | 5,000 | |||
| Level Trust | 10,000 | |||
| Lifelites | 5,000 | |||
| Link to Change | 3/00 | |||
| Listening Books | 3,000 | |||
| Livmg ItUp | 2,815 | |||
| Music 24 | 2,782 | |||
| NARA —The Breathing Charity | 2,000 | |||
| Odell Village Hall | 5,000 | |||
| Out ofClass | 3,000 | |||
| PCCofStMargaret's Church Streatley |
7,056 | |||
| Potton for All | 5,000 | |||
| Renhold Baptist Chapel | 6,000 | |||
| Salto Gymnastics Charitable |
Foundation | |||
| Shri Guru. Ravidass Sangat | 4,500 | |||
| Smart CJS | 4,000 | |||
| StAndrew's Church, Ampthill |
10,000 | |||
| StLeonard's Church, Old Warden |
10,000 | |||
| StMargaret's Church, Streatley |
3,000 | |||
| StNicholas Church, Hockliffe, | 10,000 | |||
| StPaul's Church, Bedford StPeter4StPaul Cran6eld |
PCC | 10,000 5,000 |
||
| Streatley Village Hall | 32,500 | |||
| The Lord's Tavemers | 1,500 | |||
| The Sequel Trust | 2,810 | |||
| The Wildlife Trust | 1,000 | |||
| Welcome to our Future | 2,000 | |||
| 185,046 | 67,366 |
| ANALY | SIS OF NET ASSETSBYFUND | ||||
|---|---|---|---|---|---|
| Income | Expendable | 2023 | |||
| Fund | Endowment | Total | |||
| Fixed asset investments | 154,827 | 5,319,088 | 5,473,915 | ||
| Current | assets | 162,437 | 162,437 | ||
| Cturent | liabilities | (120,570) | (120,570) | ||
| Creditors | more than one year | (10,000) | (10,000) | ||
| 186,694 | 5,319,088 | 5,505,782 | |||
| Income | Expendable | 2022 | |||
| Fund | Endowment | Total | |||
| Fixed asset investments | 108,575 | 5,761,503 | 5,870,078 | ||
| Current | assets | 237,212 | 237,212 | ||
| Current | liabilities | (69,247) | (69,247) | ||
| Creditors | more than one year | (20,000) | (20,000) | ||
| 256,540 | 5,761,503 | 6,018,043 |
| Unrestricted | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Income fund | at 6 April | 256,540 | 233,965 | ||
| Net income | / | (expenditure) | for the year | (69,846) | 22,575 |
| Income fund | at 5 April | 186,694 | 256,540 |
| Restricted | 2023 | 2022 | ||
|---|---|---|---|---|
| f. | ||||
| Expendable | endowment | f'und at 6April | 5,761,503 | 5,514,029 |
| (Losses) / gains | (442,415) | 247,474 | ||
| Expendable | endowment | fund at 5 April | 5,319,088 | 5,761,503 |
| The carrying amount ofthe Ch |
arity's finan |
cial instruments are as follo |
ws: | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| f. | ||||
| Financial assets | ||||
| Measured at fair value through | net income | / expenditure: | ||
| Fixed asset listed investments | (note 6) | 5,473,015 | 5 870,078 |
| Petgains and losses (including changes infair |
value): | |||
|---|---|---|---|---|
| Financial assets measured at fair value through |
net income | / expenditure | (4~42,415 | 247,474 |