Consolidated statement of financial activities
(including an income and expenditure account)
For the year ended 31 December 2023
2023 2022
Unrestricted Restricted Total Unrestricted Restricted Total
Note £'000 £'000 £'000 £'000 £'000 £'000
Income
Legacies, donations and grants:
Legacy income 2 87,520 4,978 92,498 83,080 6,562 89,642
Donation income 3 102,626 13,857 116,483 99,015 15,362 114,377
Grant income 4 24 1,416 1,440 71 2,385 2,456
Total legacies, donations and grants 190,170 20,251 210,421 182,166 24,309 206,475
Income from charitable activities 5 1,780 21 1,801 1,318 34 1,352
Income from trading activities 6 17,296 545 17,841 16,858 368 17,226
Total income before investment income 209,246 20,817 230,063 200,342 24,711 225,053
Investment income 7 2,477 - 2,477 2,092 - 2,092
Total income 211,723 20,817 232,540 202,434 24,711 227,145
Expenditure
Expenditure on raising income 10 80,157 106 80,263 72,853 99 72,952
Expenditure on charitable activities 11 163,284 21,663 184,947 153,138 25,570 178,708
Total expenditure 243,441 21,769 265,210 225,991 25,669 251,660
Net (expenditure) before gain/(loss) on investments (31,718) (952) (32,670) (23,557) (958) (24,515)
Net gain/(loss) on fixed and current asset investments 2,546 - 2,546 (1,338) - (1,338)
Net (expenditure) (29,172) (952) (30,124) (24,895) (958) (25,853)
Transfers between funds 26 - - - (225) 225 Net
movement in funds (29,172) (952) (30,124) (25,120) (733) (25,853)
Reconciliation of funds
Total funds brought forward 32,562 15,703 48,265 57,682 16,436 74,118
Total funds carried forward 26 3,390 14,751 18,141 32,562 15,703 48,265
No corporation tax was payable by the Group or Charity for the year ended 31 December 2023 (2022: £nil).
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above.
Movements in funds are disclosed in note 26 to the financial statements. The notes on pages 7-30 form part of these financial statements.
94
Environmental, social
and governance review
Financial review
Strategic report
Overview
Financial statements
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