## ## ## |Reference and Administrative|Details| |---|---| |Trustees'
report|| |Trustees'
responsibilities|| |Independent
examiner's
report|| |Statement offinancial activities|| |Balance sheet|| |Notes to the financial statements|| ||||Michael Robertson|Michael Robertson|Scholarship|Scholarship|Scholarship|Fund| |---|---|---|---|---|---|---|---|---| ||||Reference and Administrative|||||Details| |Charity name|||Michael Robertson||Scholarship||Fund|| |Charity registration||number|1014388|||||| |Princi pa Ioffice|||Rosebank|||||| ||||15A Scotby Village|||||| ||||CARLISLE|||||| ||||CA4 888|||||| |Registered|office||Rosebank|||||| ||||15AScotby Village|||||| ||||CARLISLE|||||| ||||CA4 8BS|||||| |Trustees|||Dr R Baxter|(Resigned||21 February 2022)||| ||||J Light|||||| ||||S Ellis|||||| ||||N Martin|||||| ||||JWhittle|(Appointed||15|November 2022)|| |Bankers|||Barclays Bank|Pic||||| ||||9Highgate|||||| ||||KENDAL|||||| ||||LA9 4DA|||||| |Accountant|||Dodd &Co Limited|||||| ||||FIFTEEN Rosehill|||||| ||||Montgomery
Way|||||| ||||Rosehill Estate|||||| ||||CARLISLE|||||| ||||CA1 2RW|||||| |Investment|Advisor||JM Finn|||||| ||||4 Copthall Avenue|||||| ||||LONDON|||||| ||||EC2R TAH|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Unrestricted|Endowment|Total Funds|Total Funds| |---|---|---|---|---|---|---|---|---|---| |||||||Funds|Funds|2022|2021| ||||||Note||||| |Income|||||||||| |Investments||||||73|232,361|232,434|238,477| |Other income||||||200||200|| |Total income||||||273|232,361|232,634|238,477| |Expenditure|||||||||| |Raising funds|||||||22,854|22,854|23,334| |Charitable
activities||||||389.393||389,393|27,916| |Total expenditure||||||389,393|22,854|412,247|51,250| |Gross transfers|between||funds|||158,530|(158,530)||| |Gains/(losses)|on investment|||assets|||(1,138,212)|(1,138,212)|686,239| |Net income/(expenditure)||||||(230,590)|(1,087,235)|(1,317,825)|873,466| |Reconciliation|of|funds|||||||| |Total funds brought||forward||||321,446|6,844,485|7,165,931|6,292,465| |Total funds carried||forward||||90,856|5,757,250|5,848,106|7,165,931| ## ## |||||2022||2021|| |---|---|---|---|---|---|---|---| ||||Note||||| |Fixed assets|||||||| |Investments|||||5,698,505||6,828,620| |Current assets|||||||| |Cash at bank|and in|hand||152,877||340,587|| |Creditors: Amounts
one year||falling due within|9|(3,276)||(3,276)|| |Net current assets|||||149,601||337,311| |Net assets|||||5,848,106||7,165,931| |The funds ofthe charity:|||||||| |Endowment|funds||||5,757,250||6,844,485| |Unrestricted|funds||||||| |Unrestricted
income||funds|||90,856||321,446| |Total charity|funds||||5,848,106||7,165,931| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Endowment|Total Funds|Total Funds| |---|---|---|---|---|---| |||Funds|Funds|2022|2021| |||E|6|K|K| |Dividend|income||219,181|219,181|212,478| |Gross bond interest|||13,165|13,165|25,991| |Gross bank interest||73|15|88|8| |||73|232,361|232,434|238,477| ## |||Unrestdcted|Endowment|Total Funds|TotalFunds| |---|---|---|---|---|---| |||Funds|Funds|2022|2021| |||6|K|6|6| |Other|income||||| |Other|income|200||200|| ## ## |4|Expenditure||||||||| |---|---|---|---|---|---|---|---|---|---| |||||in|t|t|Furtherance
ofeducation|Total
2022|Total
2021| ||Direct costs||||||||| ||Scholarships||||||380,976|380,976|23,701| ||Administration|of investments|||22,854|||22,854|23,334| ||||||22,854||380,976|403,830|47,035| ||Supportcosts
Insurance||||||546|546|533| ||Trustees' expenses||||||251|251|413| ||Accountancy|fees|||||2,620|2,620|2,769| ||Independent|examiner's|fee||||500|500|500| ||Legal and professional||fees||||4,500|4,500|| ||||||||8,417|8,417|4,215| |||||||22,854|389,393|412,247|51,250| ## ||||2022||2021|| |---|---|---|---|---|---|---| ||||6|||| |Legal and professional||fees|4,500|||| |Accountancy|fees||2,620||2,769|| |Independent|examiner's|fee||500||500| |||||~|3,266|| ## ## ## ## ## |||||Listed| |---|---|---|---|---| |||||investments| ||I/iarket value|||| ||As at 1 January 2022|||6,828,620| ||Revaluation|||(1,138,212)| ||Additions|||818,364| ||Disposals
As at 31 December2022|||(810,267)
5,698,505| ||Net book value|||| ||As at 31 December 2022|||5,698,505| ||As at 31 December 2021|||6,828,620| ||Investment
assets can be further analysed as follows:|||| ||||UK|Overseas| |||||8| ||Listed investments||3,567,398|2,131,107| ||||3,567,398|2,131,107| |9|Creditors: Amounts|falling due within one year||| ||||2022|2021| ||||8|8| ||Accruals and deferred|income|3,276|3,276| ## ## ## ## ## |||||||Other|| |---|---|---|---|---|---|---|---| |||At 1||||recognised|At 31| |||January|Incoming|Resources||gains I|December| |||2022|resources|expended|Transfers|losses|2022| |Generalpunds|||||||| |Unrestricted|income||||||| |fund||321,446|273|(389,393)|158,530||90,856| |Permanent|||||||| |Endowment|||||||| |Permanent|||||||| |endowment||6,844,485|232,361|(22,854)|(158,530)|(1,138,212)|5,757,250| |||7,165,931|232,634|(412,247)||(1,138,212)|5,848,106| ## ## ## |||At 1
January
2021|Incoming
resources|Incoming
resources|Resources
expended|Resources
expended|Other
recognised
gains
/
losses|Other
recognised
gains
/
losses|At 31
December
2021| |---|---|---|---|---|---|---|---|---|---| |General Funds|||||||||| |Unrestricted
income fund||110,885|238,477|||(27,916)|||321,446| |Permanent
Endowment|||||||||| |Permanentendowment||6 181580||||(23,334)|686,239||6,844,485| |||6,292,465|238,477|||(51,250)|686,239||7,165,931| |Total return on investmenta|||||||||| ||||Trust for
investment|||Unapplied
return|total|Total|endowment| ||||E|||E|||5| |At 1 January 2022|||3,643,557|||3,200,928|||6,844,485| |Movements
in reporting
pediod:|||||||||| |Investment
income|||||||232,361||232,361| |Investment
return: realised
gains/losses|and|unrealised||||(1,138,212)|||(1,138,212)| |Less: investment
management||costs|||||(22,854)||(22,854)| |Total||||||(928,705)|||(928,705)| |Unapplied
total return allocated
in the reporting
pediod||to income||||(158,530)|||(158,530)| |Net movements
in the reporting||period||||(1,087,235)|||(1,087,235)| |As at 31 December 2022||||3,643,557||2,113,693|||5,757,250| ## ## ## ## |||Unrestricted|Endowment|TotalFunds|TotalFunds| |---|---|---|---|---|---| |||Funds|Funds|2022|2021| ||||8||| |Investments|||5,698,505|5,698,505|6,828,620| |Current assets||94,132|58,745|152,877|340,587| |Creditors: Amounts
within one year|falling due|(3,276)||(3,276)|(3,276)| |Net assets||90,856|5,757,250|5,848,106|7,165,931| |Prior period|||||| |||Unrestricted|Restricted|Total Funds|Total Funds| |||Funds|Funds|2021|2020| ||||||8| |Investments|||6,828,620|6,828,620|6,158,296| |Current assets||324,722|15,865|340,587|137,296| |Creditors. Amounts
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