| Page | ||
|---|---|---|
| Trustees' Report |
1-2 | |
| Independent Auditors' |
Report | 3-5 |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 8-12 |
| 2023 | 2022 | ||
|---|---|---|---|
| Investment | income | f73,449 | E69,900 |
| Donations | received | ||
| Investment | gains/ (losses) | (2214,720) | (2210,880) |
| Trust costs | F8,690 | E7,423 | |
| Number of | donations | 27 | 33 |
| Amount of | donations | 291,620 | E197,800 |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| INCOME | |||||
| Investment income |
73,449 | 69,900 | |||
| TOTAL INCOME | 73,449 | 69,900 | |||
| EXPENDITURE | |||||
| Cost ofcharitable activities |
96,318 | 200,311 | |||
| Governance costs |
3,991 | 3,912 | |||
| TOTAL EXPENDITURE | (100,309) | (204,223) | |||
| NET EXPENDITURE BEFORE GAINS | |||||
| AND LOSSES ON INVESTMENTS | (26,860) | (134,323) | |||
| GAINS AND LOSSES ON | |||||
| INVESTMENTS | |||||
| Realised gains/(losses) on disposals |
6 | 73,317 | 3,177 | ||
| Unrealised gains/(losses) on revaluation of investments |
(288,037) | (214,057) | |||
| NET GAINS / (LOSSES)ON |
(214,720) | (210,880) | |||
| INVESTMENTS | |||||
| NET MOVEMENT IN FUNDS FOR THE |
(241,580) | (345,203) | |||
| YEAR | |||||
| TOTAL FUNDS BROUGHT FORWARD | 2,384,969 | 2,730,172 | |||
| TOTAL FUNDS CARRIED FORWARD | 9 | 2,143,389 | 2,384,969 |
| INVESTMENT INCOME | 2023 | 2022 |
|---|---|---|
| E | ||
| Income from fixed interest securities | 810 | 2,175 |
| Dividends from equities |
72,549 | 67,722 |
| Interest on cash deposits and loans | 90 | 3 |
| 73,449 | 69,900 | |
| COSTS OF CHARITABLE ACTIVITIES | 2023 | 2022 |
| E | ||
| Charitable donations (see note 4) |
91,620 | 197,800 |
| Administrative expenses |
4,698 | 3,433 |
| 96,318 | 201,233 | |
| GRANTS PAYABLE | 2023 | 2022 |
| E | ||
| Grants to institutions: | ||
| Charitable donations |
91,620 | 197,800 |
| GOVERNANCE COSTS | 2023 | 2022 |
|---|---|---|
| E | ||
| Audit and accountancy fees | 3,991 | 3,912 |
| INVESTMENT ASSETS | 2023f | 2022 |
|---|---|---|
| Quoted investments | 2,075,295 | 2,169,971 |
| Unquoted investments |
24,750 | 195,150 |
| 2,100,045 | 2,365,121 |
| Opening market value |
Opening market value |
2,365,121 | 2,702,188 | ||
|---|---|---|---|---|---|
| Additions | 380,810 | 51,083 | |||
| Disposals | (431,166) | (177,270) | |||
| Gains/(losses) | on disposals | 53,485 | 3,177 | ||
| Net unrealised | investment | gains/(losses) | (268,205) | (214,057) | |
| Closing market value | 2,100,045 | 2,365,121 | |||
| Closing historical cost | 1,702,149 | 1,707,064 | |||
| Investments held at 5April |
which are over 5%ofthe portfolio by | ||||
| value are: | 2023 | 2022 | |||
| James Halstead Pic |
358,560 | 447,360 | |||
| Youngs 8 Co | Pic | 310,536 | 310,536 | ||
| Fuller Smith 8 | Turner Pic | 213,000 | |||
| Nichols Pic | 221,500 | 272,000 | |||
| John Menzies | Pic | 170,400 | 144,300 | ||
| PZ Cussons Pic | 130,624 | 160,370 | |||
| Henderson High Income |
Trust Pic | 136,361 | |||
| Henderson International |
Income Trust Pic | 76,800 | 121,450 | ||
| Devro Pic | 147,572 | 62,550 | |||
| Amalgamated | Metal Corp Pic | 121,450 | 27,750 | ||
| DEBTORS | 2023 | 2022 | |||
| E | E | ||||
| Prepayments | and accrued | income | 198 | 188 | |
| Other Debtors | 1,503 | 948 | |||
| 1,701 | 1,136 | ||||
| CREDITORS: | amounts | falling due within one year | 2023 | 2022 | |
| E | |||||
| Other creditors | 4,032 | 4,032 |
| 9. | UNRESTRICTED | INCOME FUNDS | INCOME FUNDS | 2023 | 2022 |
|---|---|---|---|---|---|
| Opening balance |
2,384,969 | 2,730,172 | |||
| Movement in funds |
during | year | (241,580) | (345,203) | |
| Closing balance | 2,143,389 | 2,384,969 |