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2023-06-30-accounts

Trustees Mr MSJWay
Mr RDAdams
Mr RJ trarley
Mrs M
McC oui l
lvlrs C Maclennan
MsJWay
Mr J Houlihan
Charity number t018457
Principal address 2 Lodore Road
High West Jesmond
Newcastle
upon Tyne
Tyne and Wear
NE2 3NN
Auditor Robson Laidler Accountants Limited
Fernwood
House
Fernwood
Road
Jesmond
Newcastle
upon Tyne
Tyne and Wear
England
NE2 1TJ
cankers Barclays Bank Pic
Cobson House
Regent Centre
Gosforth
Newcastle
upon Tyne
NE3 3PS

Page
Trustees'
report		 1-4
Independent
auditor's		 report 5-7
Statement
offinancial		 activities
Balance sheet
slates to the financial statements 10-15

Unrestricted Unrestdcted
funds funds
2023 2022
ftotes 5
income fram:
Donations
and		 legames 145,673 336,434
Investments 340,462 250,280
Total income 486,135 586,714
Expenditure on:
Charitable
activities		 4 249,949 166,289
fact gains/(losses) on investments f140,370) 584,824
Net income and movement in funds 95,816 1.005,249
Reconciliation of funds:
Fund balances at 1 July 2022 7,680,936 6,675,687
Fund balances at 30June 2023 7,776,752 7,680,936

2023 2022
Notes 6 6
Fixed assets
Tangible assets 10 14,113 5,575
Investment properly 11 6,021,169 6,226,005
Investments 12 1,421,367 1,356,901
7,456,649 7,588.48'I
Current assets
Debtors 13 23,542 19,557
Cash at bank and in hand 321,575 94,194
345,117 113.75'I
Creditors: amounts falling due within 14
one year 25,014 21,296
Net current assets 320,103 92,455
Total assets iess current liabilities 7,778,752 7,680,936
The funds ofthe charily
Unrestricted funds 7,776,752 7,680,938
7,776,752 7,680,936

1 Accounting
policies		 (Continued) (Continued) (Continued)
1.8 Tangible fixed assets
Depreciation
is provided
at the following		 annual rates
in order to write oifeach asset		 over its estimated useful
life.
Fixtures
and fittings		 253' On reduCing balance
1.7 investments
investment
property,
whmh
is
property		 held to earn
rentals		 and/or
for		 capital appreixaban,
is		 initially
recognised
at coat, which includes the purchase		 cost and any directly atlnbutabis eiipenditure. Subsequently
it is measured
at fair value at the reporting
end date. The surplus
or deficit		 an revaluation is recognised in
profit or loss.
1.8 Fixed asset investments
Fixed asset investments
are
iniTially
measured		 at transaction price
excluding		 transaction coats, and are
subsequently
measured
at fair value at each		 reporting
date.		 Changes
in fair		 value are recognised in net
income/(expenditure)
for the year, Transaction		 costs are expensed
aa incurred.
1.9 Cash at bank and in hend
Cash at bank and cash in hand includes
three months or less from the date afthe		 cash and short term highly
liquid investmenls
acquisition
or opening
ofthe deposit or similar		 with a short maturity
account.		 of
1.10 Taxatian
The trust is not registered
for Value Added
Tax		 and accordingly, any such irrecoverable tax is included within
the expenditure
concerned.
1.11 Creditors
snd provisions
Creditors
and provisions are recognised		 where the charity has a present
obligation
resulting		 fram a psst event
that will probably
result
in the transfer of		 funds la a third party and the amount due to settle the obligafion can
be measured
or estimated
reliably.
Creditors		 and
provisions		 are
norrnagy		 recognised
at their
setfiement
amount afier allowing
for any trade discounts
due.
2 Donations
and legacies
Unrestricted Unrestricted
funds funds
2023 2022
2
Donations 145,673 336,434

Unrestricted Unrestricted
funds funds
2023 2022
Rental received 285,327 207.819
Dividends received 55,135 42,461
340,462 250,280

C ha rite b le Char ita b le
activities activities
2023 2822
5 5
Direct costs
Depreciation and impairment 2,915 1,527
Travelling expenses 910
Rates and water 2,777 1,412
Insure nos 7,464 7.877
Investment property repairs 110,925 36,82B
124,081 46,552
Grant funding of activities (see nate 5) 117,007 103,735
Share ofsupport and governance costs lace note 5)
Support 6,521 11,662
Governance 2,340 2,340
249,949 168,289
Analysis
by		 fund
Unrastncted funds 249,949 166,289

Charitable Charitable
activities activities
British 2D23
f		 2023f
Grants to institutions.
The Lepcha Association 6,708 3,655
The Assarxaba for Cemetenes n South Asia 20,000
Zane 30,400 I38,400
The Bath Royal Lileracy 8Scientific Institution 400 500
Pennines yylldlife Rescue 5,906 1,000
Royal Commonwealth Ex-Services League 30,MID 4,000
Northumbeilsnd
County Zoo		 11,180
Srasov Romania
rural poverty		 relief 20,000 15,000
Other 3,593
117,007 103,735
8 Support costs allocated to activiges
2D23 2022
professional
fees		 6,521 11,662
Governance costs 2,340 2,340
14,002
Analysed between:
Chants hie activities 8,861 14,002
2023 2022
Governance
costs comprise:		 f
Audit fees 2,340 2,340
2,340 2,340

10 Tangible fixed asset s
Fixtures and
fittinas
5
Cost
At 1 July 2022 26,672
Additions 11,453
At 30June 2023 36,125
Depreciation
and impairment
At 1 July 2022
Depreciation
charged		 ln lhe year 21,097
2,915
At 30June 2023 24,012
Carrying
amount
At 30June 2023 14,113
At 30June 2022 5,575
11 Investment
property
2023
Fair value
At 1 July 2022 6,226,005
Revaluabon (204,836)
At 30June 2023 6,021,169

Listed
investments
E
Cost orvaluation
At 1 July 2022 1,356,901
Valuation
changes		 64,466
At 30 June 2023 1,421,367
Carrying
amount
At 30June 2023 1,421,367
At 30June 2022 1,358,901
Fixed asset investments revalued
There were no investment assets outside Ihe LIK.
Debtors
2023 2022
Amounts
falling due within one year:		 E f
Other debtors 20,241 17,918
Pre payments
and accrued		 income 3,301 1,839
23,542 19,557

14 Creditors: amounts falling due within one year
2823 2822
E
Other creditors 22,674 18,956
Accruais and deferred income 2,340 2,340
25,014 21,296