| Statement ofFinan | cial Activities | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||
| Note | Funds | Funds | Funds | Funds | Funds | Funds | |
| K | E | ||||||
| Income and endowments from: | |||||||
| Legacy | 100,000 | 100,000 | |||||
| Donations | 300 | 300 | |||||
| Other income | 55,000 | (55,000) | |||||
| Invesiment income |
129,381 | 129,381 | 118,808 | 118,808 | |||
| 2 | 129,681 | 129,681 | 173,808 | 45,000 | 218,808 | ||
| Expenditure | |||||||
| Grants | 3 | (89,750) | (89,750) | (144,330) | (144,330) | ||
| ~oe * st |
|||||||
| Stockbroker management fees |
(31,092) | (31,092) | (27,005) | (27,005) | |||
| Accountancy | (2,000) | (2,000) | (2,000) | (2,000) | |||
| Trustee Honorarium | (2,000) | (2,000) | (2,000) | (2,000) | |||
| Trustee Expenses | 4 | (266) | (266) | (106) | (106) | ||
| Other costs | (1,190) | (1,190) | (1,102) | (1,102) | |||
| Total Expenditure | 126,298 | 126,298 | 176,543 | 176,543 | |||
| Net Incomel(Expenditure) | 3,383 | 3,383 | 2,735) | 45,000 | 42,265 | ||
| Net sins/losses on |
investments | ||||||
| Profit on sale ofinvestments | (182) | (182) | 486 | 486 | |||
| (Decrease)/increase | in fair value | ||||||
| ofinvestments | 248,885 | 248,885 | 712,934 | 712,934 | |||
| 248,703 | 248,703 | 713,420 | 713,420 | ||||
| Net movement infunds | 3,383 | 248,703 | 252,086 | 2,735 | 758,420 | 755,685 | |
| Total Funds broughtforward | 1,655 | 4,336,779 | 4,338,434 | 4,390 | 3,578,359 | 3,5&2,749 | |
| Total Funds carried | forward | 5,038 | 4,585,482 | 4,590,520 | 1,655 | 4,336,779 | 4,338,434 |
| The Haworth Charitable Trust |
The Haworth Charitable Trust |
||||
|---|---|---|---|---|---|
| Year ended 31March 2022 | |||||
| Balance Sheet | |||||
| 1htate | 2022 | 2021 | |||
| Fined Assets | |||||
| Investments | 6 | 4,257,292 | 4,055,383 | ||
| Cldrrepl tAssets | |||||
| Cash at bank and with stockbrokers | 363,855 | 343,305 | |||
| Current Liabilitiesr amounts falling due wirhin in oneyear |
~30,628 | 40 254 | |||
| 4Yet Current Assets | 333,227 | 303,051 | |||
| Current Liabilities: | amounts falling | ||||
| due after oneyear | |||||
| I'otal net assets | 84,590,539 | 84 338434 | |||
| Thefunds ofthe charity | |||||
| Endowment Funds |
|||||
| Expendable endowment |
4,585,482 | 4,336,779 | |||
| Unrestricted funds |
5,038 | 1,655 | |||
| Total Funds at31 | March 2022 | f4,590,520 | K4338,434 |
| 2022 | 2021 | ||
|---|---|---|---|
| Net income for year | 252,086 | 755,685 | |
| Dividends received |
(129,381) | (118,808) | |
| Gains on investments | (248,703) | (713,420) | |
| Receipt ofendowment | (100,000) | ||
| (Decrease)/Increase in creditors |
(29,626) | 48,134 | |
| Net cash flow from operating | activities | 155,624 | 128,409 |
| Cash flow from investing aciivities |
|||
| Payments to acquire investments |
(186,696) | (104,870) | |
| Receipts Irom sales ofinvestments | 233,490 | 54,413 | |
| Dividends received |
129,381 | 118,808 | |
| Net cash flow from investing | activities | 176,175 | 68,351 |
| Cash flow from financing activities |
|||
| Receipt ofexpendable endowment |
100,000 | ||
| Net cash flow from financing | activities | 100,000 | |
| Net increase in cash and cash | equivalents | 20,551 | 39,942 |
| Cash and cash equivalents at |
1April 2021 | 343,305 | 303,363 |
| Cash and cash equivalents at 31March 2022 |
363,856 | 343,305 |
| 2.Analysis fund |
ofIncome- general | 2022 | 2021 |
|---|---|---|---|
| Investment | income | 129,381 | 118,808 |
| Donations | 300 | ||
| f129681 | f118808 |
| 3.Analysis | ofGrants | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Royal Northern College |
ofMusic | 27,000 | 27,000 | |
| Chetham's | School ofMusic | 22,000 | 22,000 | |
| Slade School ofFine Art | 20,080 | |||
| Salford University | 10,750 | 10,750 | ||
| Manchester ofArt |
Metropolitan | School | 60,000 | |
| Manchester | Collective | 20,000 | ||
| Manchester Society |
Mid-Days Concert | 1,500 | ||
| Other | 10000 | 3 000 | ||
| ~f, 9 50 | f144330 |
| 2022 | 2021 |
|---|---|
| f. | |
| f266 | f.106 |
| 5.Movement | in Fixed Asset Investments | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Market Value | brought forward at 1.4.21 | 4,055,383 | 3,291,506 |
| Add additions | at cost | 186,696 | 104,870 |
| Disposals at carrying value | (233,672) | (53,927) | |
| Net (loss)/gain | on revaluation | 248 885 | 712934 |
| Market Value | as at31.3.22 | 54257 292 | 94055383 |
| Investments at fair value comprised: |
2022 | 2021 | |
| Equities | 3,724,047 | 3,504,521 | |
| Fixed interest | securities | 533245 | 550 862 |
| 4~42572 2 | 34055383 |
| 6.Creditors | ||
|---|---|---|
| 2022 | 2021 | |
| K | ||
| Amounts falling due within one year | ||
| Grants committed to future years | 20,000 | 30,040 |
| Accruals | 10,628 | 10,214 |
| 30,628 | 40,254 | |
| Amounts falling after one year | ||
| Grants committed to future years | 20,000 |
| 2022 | Z0Z1 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Funds | f | ||||
| At 1.4.21 | 1,655 | 4,390 | ||||
| Net surplus/(deficit) | 3,383 | (57,735) | ||||
| Transfer trom expendable | endowment | |||||
| fund | 55.000 | |||||
| At31.3.22 | K5038 | K1 655 | ||||
| 2022 | 2021 | |||||
| Endowment | Fund | |||||
| At 1.4.21 | 4,336,779 | 3,578,359 | ||||
| Additions to fund | 100,000 | |||||
| Transfer to unrestricted | funds | (55,000) | ||||
| Net (losses)/gains | on investments | 248 703 | 713420 | |||
| At 31.3.22 | 64 585482 | 54 336779 | ||||
| 2022 | 2021 | |||||
| Total Funds | 5459852ll | 6~43 434 |
| 8.An | alysis ofnet assets between fu | nds | ||
|---|---|---|---|---|
| Unrestricted | Endowment | Total Funds | ||
| Funds | Funds | |||
| 2022 | 2022 | 2022 | ||
| 'K | ||||
| Fixed | asset investments | 4,257,292 | 4,257,292 | |
| Cash | and current investments | 35,666 | 328,189 | 363,855 |
| Other | current assets/(liabilities) | 30,628 | 30,628 | |
| Total | 5,038 | 4,585,481 | 4,590,519 | |
| Unrestricted | Endowment | Total | ||
| Funds | Funds | Funds | ||
| 2021 | 2021 | 2021 | ||
| 'K | ||||
| Fixed | asset investments | 4,055,383 | 4,055,383 | |
| Cash | and current investments | 61,909 | 281,396 | 343,305 |
| Other | current assets/(liabilities) | 60,254 | 60,254 | |
| Total | 1,655 | 4,336,779 | 4,338,434 |