2022-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to 7
Independent Auditors'	Report	8to 10
Statement of Financial	Activities
Statement of Financial	Activities	12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Financial	Statements	15to 2Z

Statement Of Fina	ncial	Activitie	S fOr the	Year Ende	d 31 Mar	ch 2022
					Total	Total
		Unrestricted	Restricted	Endowment	2022	2021
	Note		6			8
Income and Endowments	fram:
Donations and legacies	3	31,671	782,728		814,399	487.453
Investment income	4	2,123,465			2,123,465	1,453,626
Other income	5	6,444				17,156
Total Inoome		2,161,580	782,728		2,944,308	1,958,235
Expenditure on:
Raising funds	6	(352,092)			(352,092)	(185,863)
Charitable activities	7	~1777.285	~782.728		~2.499,993	~1.973.248
Total Expenditure		~206935,7	,~782,728		~2,852,285	~2,759,711
Gains/(losses) on
investment assets		4.986,538		823.577	5,810,115	11,828.007
Net rnovernent in funds		5,078,761		823,577	5,902,338	11,627,131
Reconciliation offunds
Total funds brought
forward		54,126,738		8.939.572	63,066,310	51,439.179
Total funds carried
forward	19	59,205,499		9.763.149	68,968,648	63,066.310

			Unrestricted	Restricted	Endawment	Total
			funds	funds	funds	2021
		Note	6			6
Income and Endowments		fram:
Donations and legacies				487,453		487.453
Investment income		4	1,453,626			1,453,626
Other income			17,156			17,156
Total income			1,470,782	487,453		1,958,235
Expenditure on:
Raising funds Charitable activities			(185.863) ~4.485.795	~487,&3		(185.863) ~4.973.248
Total expenditure			(1,671,658)	(487,453)		(2,159,111)
Gains/(losses) on
investment assets			10,156.725		1.671.282	11,828.007
Net income			9565 849		1671282	11627131
Net movement in funds			9,955.849		1.671.282	11,627.131
Reconciliation offunds
711f 5 0 ghff	8		44170889		7268290	51439179
Total funds carried forward		1g	54,126.738		8.939,572	63,066.310

Balance		Sheet	as at 31 March 2022
					2022	2021
				Note	8	8
Fixed assets
Tangible assets				14	2,249	3,103
Investments				15	67,285,D42	61,784,317
					67,287,291	61,787,42D
Current assets
Debtors				16	247,800	144,694
Cash at bank		and in hand			1,530,834	1,227,470
Creditors: Amounts			falling due within one year	17	1.778,634 ~97277	1,372.464 ~. 93,574
Net current	assets				1881357	1278890
Net assets					68,968,648	63,066,310
Funds ofthe		charity:
Endowment		funds			9,763,14g	8,939,572
Unrestricted		income	funds
Unrestricted	funds				59205499	54,126.738
Total funds				1g	68,968,648	63,066.310

Cash Flow Stateme	n	t for the	Year End	ed 31 M	arch 2022
					2822	2021
				Note		8
Cash flows from operating		activities
Net cash income					5,902,338	11,627,131
Adjustments tocash flows		from noncash	items
Depreciation				6	854	1,203
Investment income Revaluation of investments				4	(2,123,465) ~5870 115	(1,453.626) ~17.820007
					(2,030,388)	(1,653,299)
Working capital adjustments
increase in debtors				16	(102,806)	(11,797)
Increase in creditors				17	3703	4875
Net cash flows from operating		activities			~2,420,401	~1,060,221
Cash flows from Investing		activities
Interest receivable and similar income				4	2,123,466	1,453.626
Purchase of investments				15	(15,600,907)	(11.406,272)
Sale of investments					15910297	11550075
Net cash flows from investing		activities			2,432,855	1,607,029
Net increase/(decrease) in	cash and cash equivalents				303,364	(53,192)
Cash and cash equivalents	at 1 April				1 227470	1 280 062
Cash and cash equivalents	et 31 March				1.530,834	1,227.470

5 Other income
	Unrestricted
	funds	Total	Total
	General	2022	2021
Grants returned	6,025	6,025	2,000
Job retention scheme grants	419	419	15,156
		6.444	17,156

					Unrestricted
					funds	Total	Total
					General	2022	2021
						6	6
Investment	management		costs;
Fees paid to investment			manager		300,444	300,444	185,863
Fees for	obtaining	investment		advice	51648	51648
					352,092	352,092	185,863

		Unrestricted
		funds	Restricted	Total
		General	funds
		8	8
Payment	ofgrants	1,532,742	782,728	2,315,470
Support	Costs	184,253		184,253
		1,716,995	782.728	2,499.723
		Unrestricted
		funds	Restricted	Total
		General	funds	2021
		R	8	8
Payment	ofgrants	1,224,316	487.453	1,711.769
Support	Costs	261,479		261,479
		1,485,795	487,453	1,973,248
		Grant	Activity
		funding of	support
		activity	costs
		8	8
Payment	ofgrants	2,315,470		2,315,470
Support	costs		184,253	184,253
		2,315,470	184.253	2,499.723
		Grant	Activity
		funding of	support
		activity	costs	2021
		R	8
Payment	ofgrants	1,711,769		1,711.769
Support	costs		264 476	261,479
		1,711,769	261,479	1,973,248

			Other
		Governance	support	Total	Total
		costsf	costsf	2022f	2021f
Wages and Salaries			71,984	71.984	119,696
Depreciation			854	854	1,203
Rent and rates			33,230	33.230	30,927
Insurance			2,437	2,437	4,827
Motor and travel			1,497	1,497	311
Office costs			2,076	2,076	1,776
IT Maintenance	and repairs		15,933	15,933	15,431
Education and training					8,236
Legal and professional			47,319	47,319	62,397
Bank charges			185	185	138
Sundry expenses			1,D68	1,068	137
Governance costs		7,94D		7,940	16,40D
		7,940	176,583	184,523	261,479

Governance costs
	Unrestricted
	funds	Total	Total
	General f	2022f	2021f
Audit fees
Audit ofthe financial statements	7,658	7.658	16,328
Trustees meeting costs	282	282	72
	7,940	7.940	16,400

9	Net Incornlngfoutgolng resources
Net	incoming/(outgoing) resources for the year include:

		2022f	2021f
Audit fees		7.658	16,328
Depreciation	offixed assets	854	1,203

11Staff costs
The aggregate	payroll costs were as follows:
		2022f	2021f
Staff costs during the year were:
Wages and salaries		67,715	111,434
Axial security	costs	3,148	4,744
Pension costs		1121	3313
		71,984	119,696

				2022f	2021f
Audit	ofthe	financial	statements	7,658	16,328

14Tangible fixed assets
	Furniture	and	Computer
	fittings		equipment	Total
			6	6
Cost
At 1 April 2021	11,621		54,439	66,060
At 31 March 2022	11,621		54,439	66,060
Depreciation
At 1 April 2021	11,146		51,811	62,957
Charge for the year		66	788	854
At 31 March 2022	11,212		52,599	63,811
Net book value
At 31 March 2022		409		2,249
At 31 March 2021		475	2,628	3,103
15Fixed asset Investments

Investments
	Listed	Cash held for
	investments	investment	Total
	r.		6
Cost orValuation
At 1 April 2021	59,992,976	1.791,341	61,784,317
Additions	14,439,374	1,161,533	15,600,907
Disposals	(15,910,297)		(15,910,297)
Revaluation	5,810,115		5,810,115
At 31 March 2022	64 332168	2652 824	61285642
Net book value
At 31 March 2022	64,332,168	2,952,874	67,285,042
At 31 March 2021	59,992,976	1,791,341	61,764,317

16Debtors
		2022	2021
		6	6
Prepayments		15.416	5,096
Accrued income		222,062	133,504
Other debtors		1D,3DD	6,394
		247,8DD	144,994
17Creditors: amounts	falling due within one year
		2022	2021
Other taxation and social security		1,690	2,697
Other creditors - grants	payable	3.000
Acxruals		92387	99877
		97,277	93,574

2022	2021
	6
15,120	15,120

grants e	xpenditure:
		2022	2021
			6
Payable	next year	507.643	424,200
Payable	in 2years	26D,246	124,00D
Payable	In 3years	22,0DD	7,00D
		769.669	555,200

19Funds
		Balance at			Other	Balance at
		1April 202i	Incoming resources	Resources expended	recognised gainsf(losses)	31 March 2022
		8	E	6	E	6
Unrestricted	funds
General		54.126.738	2,161,580	(2.069.357)	4,966,538	59.205.499
Restricted	funds		782,728	(782,728)
Endowment	funds
Endowment	funds	8,939,572			823,577	9,763,149
Total funds		63,066,310	2,944,308	~2,852,085	5,810,115	68,968,648
		Balance at			Other	Balance at
		1April	Incoming	Resources	recognised	31 March
		2020	resources	expended	gain sf(losses)	2021
			r.	8		8
Unrestricted	funds
General		44,170.889	1,470,782	(1.671,658)	10,156,725	54,126.738
Restricted	funds		487,453	(487.453)
Endowment	funds
Endowment	funds	7268290			1671282	8939572
Total fiunde		51,439,179	1,958,235	~2,759,177	11,828,007	63,066,310

		Unrestricted	Endowment	Tots Ifunds
		funds	funds	at 31 March
		General	Permanent	2022
		R	0	6
Tangible	fixed assets	2,249		2,249
Fixed asset investmenis		57,521,893	9,763,149	67,285,042
Current Current	assets liabilities	1,778,634 ~97277,		1,778.634 ~97277,
Total net assets		59,205,499	9.763.149	68,968.648
		Unrestricted	Endowment	Tote Ifunds
		funds	funds	at 31 March
		General	Permanent	2021
			0
Tangible	fixed assets	3,1D3		3,103
Fixed asset investments		52,844,745	8.939,572	61,784.317
Current Current	assets liabilities	1,372,464 ~93,574		1,372,464 ~93574,
Total net assets		54,126,738	8,939,572	63,066,31D

21 Analysis ofnet funds
	AI1 April	Financing	At 31 March
	2021	cash flows	2022
	6	6	6
Cash at bank snd in hand	1,227,47D	3D3,364	1,53D,834
Net funds	1,227,47D	3D3,364	1,53D,834
	At 1 April	Financing	At 31 March
	2020	cash flows	2021
Cash at bank and in hand	6 1.260,662	~63.492	s 1,227.470
Net funds	1,280,662	(53,192)	1,227,470