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||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Report of the Independent Auditors**|5 to 6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 to 13|
|**Detailed Statement of Financial Activities**|14|





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|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|**INCOME AND ENDOWMENTS FROM**||||
|Investment income|2|88,269|85,499|
|**EXPENDITURE ON**||||
|Raising funds|3|23,025|21,352|
|**Charitable activities**||||
|Grants||74,000|70,060|
|Bank charges||120|-|
|Other||2,918|4,490|
|**Total**||100,063|95,902|
|Net gains on investments||113,796|415,037|
|**NET INCOME**||102,002|404,634|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||2,650,349|2,245,715|
|**TOTAL FUNDS CARRIED FORWARD**||2,752,351|2,650,349|





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|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**FIXED ASSETS**||||
|**Investments**||||
|Investments|6|1,935,517|1,899,159|
|Investment property|7|754,000|702,000|
|||2,689,517|2,601,159|
|**CURRENT ASSETS**||||
|Cash at bank||91,893|79,291|
|**CREDITORS**||||
|Amounts falling due within one year|8|(29,059)|(30,101)|
|**NET CURRENT ASSETS**||62,834|49,190|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||2,752,351|2,650,349|
|**NET ASSETS**||2,752,351|2,650,349|
|**FUNDS**|9|||
|Unrestricted funds||2,752,351|2,650,349|
|**TOTAL FUNDS**||2,752,351|2,650,349|





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|**INVESTMENT INCOME**|||
|---|---|---|
||2022|2021|
||£|£|
|Rents received|32,076|30,336|
|Fixed interest securities|8,453|9,719|
|Dividends|47,740|45,444|
||88,269|85,499|
|**RAISING FUNDS**|||
|**Investment management costs**|||
||2022|2021|
||£|£|
|Portfolio management|8,135|8,000|
|Support costs|14,890|13,352|
||23,025|21,352|



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||Unrestricted|
|---|---|
||fund|
|**INCOME AND ENDOWMENTS FROM**||
|Investment income|85,499|
|**EXPENDITURE ON**||
|Raising funds|21,352|
|**Charitable activities**||
|Grants|70,060|
|Other|4,490|
|**Total**|95,902|
|Net gains on investments|415,037|
|**NET INCOME**|404,634|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|2,245,715|
|**TOTAL FUNDS CARRIED FORWARD**|2,650,349|





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|**6.**|**FIXED ASSET INVESTMENTS**||
|---|---|---|
|||Listed|
|||investments|
||**MARKET VALUE**||
||At 6 April 2021|1,899,159|
||Additions|156,747|
||Disposals|(182,185)|
||Revaluations|61,796|
||At 5 April 2022|1,935,517|
||**NET BOOK VALUE**||
||At 5 April 2022|1,935,517|
||At 5 April 2021|1,899,159|
||The investments consist of the following;||
||UK Listed investments £1,095,116 (2021: £1,143,826)||
||Global Listed investments £840,401 (2021: £755,333)||
||Cost or valuation at 5 April 2022 is represented by:||
|||Listed|
|||investments|
||Valuation in 2022|1,935,517|
|**7.**|**INVESTMENT PROPERTY**||
||**FAIR VALUE**||
||At 6 April 2021|702,000|
||Revaluation|52,000|
||At 5 April 2022|754,000|
||**NET BOOK VALUE**||
||At 5 April 2022|754,000|
||At 5 April 2021|702,000|
||Fair value at 5 April 2022 is represented by:||
||Valuation in 2022|754,000|





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||||2022|2021|
|---|---|---|---|---|
||||£|£|
||Trade creditors|||1,848|
||Other creditors||29,059|28,253|
||||29,059|30,101|
|**9.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 6.4.21|in funds|5.4.22|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|2,650,349|102,002|2,752,351|
||**TOTAL FUNDS**|2,650,349|102,002|2,752,351|



||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||_£_|_£_|_£_|_£_|
|**Unrestricted funds**|||||
|General fund|88,269|(100,063)|113,796|102,002|
|**TOTAL FUNDS**|88,269|(100,063)|113,796|102,002|



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|||Net||
|---|---|---|---|
|||movement|At|
||At 6.4.20|in funds|5.4.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|2,245,715|404,634|2,650,349|
|**TOTAL FUNDS**|2,245,715|404,634|2,650,349|



||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|85,499|(95,902)|415,037|404,634|
|**TOTAL FUNDS**|85,499|(95,902)|415,037|404,634|





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|||Net||
|---|---|---|---|
|||movement|At|
||At 6.4.20|in funds|5.4.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|2,245,715|506,636|2,752,351|
|**TOTAL FUNDS**|2,245,715|506,636|2,752,351|



||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|173,768|(195,965)|528,833|506,636|
|**TOTAL FUNDS**|173,768|(195,965)|528,833|506,636|



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||2022|2021|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Investment income**|||
|Rents received|32,076|30,336|
|Fixed interest securities|8,453|9,719|
|Dividends|47,740|45,444|
||88,269|85,499|
|**Total incoming resources**|88,269|85,499|
|**EXPENDITURE**|||
|**Investment management costs**|||
|Portfolio management|8,135|8,000|
|**Charitable activities**|||
|Grants to institutions|74,000|70,000|
|**Other**|||
|Investment property costs|2,918|4,490|
|**Support costs**|||
|**Management**|||
|Management fee|12,860|11,399|
|**Finance**|||
|Bank charges|120|60|
|**Governance costs**|||
|Auditors' remuneration|2,030|1,953|
|Total resources expended|100,063|95,902|
|**Net expenditure before gains and**|||
|**losses**|(11,794)|(10,403)|
|**Realised recognised gains and losses**|||
|Gains/losses f a inve|61,796|388,037|
|Gains/losses inv prop|52,000|27,000|
|**Net income**|102,002|404,634|