| Page | |
|---|---|
| Legal and admin¡strative information | |
| ïrustees'annual report | .E |
| lndependent examlner'srepod | |
| Statement of financial activities | 7 |
| Balance Sheet | B |
| Notestothe financial statements | 9-13 |
| Name: | Hele's EducationalTrust |
|---|---|
| Registration Number: | 810254 |
| Pri ncipal/RegisteredAddress | EducationandLearning Finance |
| Room 180 | |
| DevonCountyCouncil | |
| TopshamRoad | |
| County Hall | |
| Exeter | |
| EX24QD | |
| Trustees: | Barnes-Danny |
| Asvachin-Marina | |
| Atkinson - Yvonne | |
| Aves-SusannaMF (Chair) | |
| Adams - Tracy | |
| Hannaford-RobertMark | |
| Leadbetter-Andrew | |
| Prowse-Percy | |
| Whitton-MarilynCarol(Vice Chair) | |
| Dayto dayadministration | |
| ClerktotheTrustees: | JHatton |
| 123HamlinLane | |
| Exeter | |
| Finance | Educationand LearningFinance Team |
| Corporate Resources D¡rectorate | |
| Room 180 | |
| DevonCountyCouncil | |
| County Hall | |
| TopshamRoad | |
| Exeter | |
| EX24QD | |
| Bankers: | Lloyds Bankplc |
| 234 HighStreet | |
| Exeter | |
| EX4 3NE | |
| lndependentExaminer. | JohnCoombsMA(Cantab)FCA |
| SimpkinsEdwardsLLP | |
| Chartered Accountants | |
| Michael House | |
| CastleStreet | |
| Exeter | |
| EX43LQ | |
| lnvestmentAdvisors | CCLA-lnvestmentManagers |
| CharlesStanley lnvestmentManagers |
| Summaryof financial | activity | |
|---|---|---|
| 2022 | 2021 | |
| Ê | e | |
| lncome | 73,290 | 68,057 |
| Expenditure | 41,O84 | 34,877 |
| Surplus/(Deficit) | 32,206 | 33,1B0 |
| Unrestricted | Endowment2022Total | Endowment2022Total | 2021Tolal | 2021Tolal | ||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| € | Ê | € | € | |||
| lncome andendowments from | ||||||
| lnvestment income | 72,887 | 72,887 | 67,650 | |||
| Bank lnterest | e | ó | o | |||
| Grants received | 400 | 400 | 400 | |||
| Sundry lncome | 0 | 0 | 1 | |||
| Total | 1 | 73,290 | 73,290 | 68,057 | ||
| Expenditureon: | ||||||
| Grants | 2 | 19,148 | 19,148 | 20,904 | ||
| Clerks honorarium andexpenses | 5,187 | 5,187 | 1,500 | |||
| Professional fees | 8,950 | 8,950 | 4,920 | |||
| lnvestment management charges | 7,748 | 7,748 | 7,427 | |||
| Accrued lnterest | 51 | 51 | 126 | |||
| Total | 41,084 | 41,084 | 34,877 | |||
| Surplus/(Defic¡t) onf¡xedassets | 32,206 | 32,206 | 33,180 | |||
| Assets (realised) | 3 | 13,797 | 13,797 | 3,807 | ||
| Assets (unrealised) | 3 | 155,043 | 155,043 | 356,281 | ||
| Netincome/(expenditure) | 32,206 | '168,840 | 201,046 | 393,268 | ||
| Transfers | 7,183 | (7,183) | ||||
| Net movement in funds | 39,389 | 161,657 201,046 | 393,268 | |||
| Reconciliationoffunds | ||||||
| Totalfundsbrought forward | 114,2202,499,063 | 2,613,2832,220,015 | ||||
| Totalfundscarried forward | 153,6092,660,720 | 2,814,3292,613,283 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| L | € | € | r. | ||
| lnvestmentsatmarket value | 3 | 2,660,720 | 2,499,063 | ||
| Currentassets | |||||
| Cash at bank | 159,589 | 118,719 | |||
| 159,589 | 118,719 | ||||
| Current liabilities | |||||
| Creditors | 7 | 5,980 | 4,499 | ||
| 5,980 | 4,495 | ||||
| Netcurrentassets | 153,609 | 114,220 | |||
| Netassets | 2,814,329 | 2,613,293 | |||
| Representedby: | |||||
| Endowment funds | 5 | 2,660,720 | 2,499,063 | ||
| Unrestricted funds | 5 | 153,609 | 114,220 | ||
| 2,914,329 | 2,613,283 |
| 2,Grants | ||
|---|---|---|
| Grants made inthe yearare analysed asshownbelow:- | ||
| 2022 | 2021 | |
| Ê | € | |
| Toindividuals | ||
| ICT Equipment | 812 | |
| ActivitiesWeek | ||
| 812 | ||
| Toschoolsinthe Exeterarea | ||
| ReadingSupport | 6,900 | |
| Residentialvisits | 1,410 | |
| Projects | 7,000 | |
| RuralSkills/Building Projects | 3,497 | 1,500 |
| ICT Equipment | 7,821 | 4,000 |
| Guided ReadingOnline | 499 | |
| Phonics System | 6,000 | |
| OutdoorEquipment | 2,365 | |
| Grants ReturnedRelating to 2020121 |
(580) | |
| CancelledMusical lnstruments | (1,875) | |
| (Creditorcancelled from2019/20) | ||
| 19,148 | 19,389 | |
| Tootherorganisations | ||
| ChappelBequest | 703 | |
| 703 | ||
| 19,148 | 20,904 |
| investmentisvalued | onthepublished | marketpriceat 31Marchineach |
year. |
|
|---|---|---|---|---|
| Details | Number | lnitìal Cost Valuê |
Value | Increase/(decrease) |
| March2022 March2021 |
in annual valueof | |||
| investments | ||||
| E Ê |
||||
| COIF lncome Shares | 7,238.56 | 27,273 140,960 |
129,761 | '1'l,'199 |
| COIF Char¡ty lnvestment | 56,309.06 | 555,0881,096,534 | 1,009,41S | 87,115 |
| COIF Global Equity | 64,837.84 | 82,049 172,715 |
159,345 |
13,370 |
| COIF Property | '138,977.59 | 249,456 180,282 | 156,864 |
23,418 |
| TotalCOIF | 267.363.15 | 913,8661,590,491 | 1,455.389 | 135,102 |
| Charles Stanley Cash Balance | 1,695 | 1,328 | 367 | |
| TotalCharlesStanleyPortfolio | 866,2081,068,534 | 1,042,346 | 26.188 | |
| Totallnvestments | 1,780,0742,660,720 | 2,499,063 | 161.657 |
| nalysisofnetasset | sbetweenfunds | |||
|---|---|---|---|---|
| Unrestricted | Endowment | Tolal 2022 | Tolal202"1 | |
| Funds | Funds | |||
| € | Ê | € | Ê | |
| lnvestments | 2,660,720 | 2,660,720 | 2,499,063 | |
| Current assets | 159,589 | 159,589 | 118,719 | |
| Currentliabilities | (5,e80) | (5,e80) | (4,4ee) | |
| 153,609 | 2,660,720 | 2,814,329 | 2,613,283 |
| Chq.Ref, | PayeeDetail | Grant Detail | Chq. Total |
|---|---|---|---|
| Clerk Honorarium1stOct 2021-31st | |||
| N/A | Hele'sClerk | March2O22 | î.1,750 |
| Simpkins Edwards Examination | |||
| 000534 | Simpkins Edwards | Charge | 81,920 |
| St LukesCofE | |||
| 000532 | Academy | Laptop3O11112021 | î200 |
| Simpkins Edwards Examination | |||
| N/A | Simpkins Edwards | Charge | î2,110 |
| Total | €5,980 |