2023-03-31-accounts

Contents
Trustees and Advisers
Trustees' Report.
Statement ofTrustees'	Responsibilities.
Report ofthe Independent Auditors.
Statement of Financial	Activities. .
Statement of Financial	Position.
Statement ofCash Flows ..
Notes to the Financial	Statements.

					Note	2023	2022
						All Unrestricted	All Unrestricted
						and Total Funds	and Total Funds
Income and Endowments
Income from investments						346,121	309,200
Total income						346,121	309,200
Expenditure on
Charitable activities
Grant making activities						(415,723)	(390,539)
Total Expenditure						(415,723)	(390,539)
Net (expenditure) and net movement (loss)/gain on investments			on funds	before		(69,602)	(81,339)
Other recognised gains and losses
Net (loss)/gain on investments						(1,183,974)	723,575
Net movement in funds					13	(1,253,576)	842,236
Reconciliation of Funds
Fund balances brought	forward	at 1 April				13,081,094	12,438,858
Fund balances carried	forward at 31 Nlarch				13	11,827,518	13,081,094

				Note	2023	2022
					All Unrestricted	All Unrestricted
					and Total Funds	and Total Funds
Fixed Assets
Tangible fixed	assets			10	956	1,656
Investments				11	11,727,013	12,982,113
					11,727,969	12,983,769
Current Assets
Debtors				12	90,307	89,251
Cash at bank	and in hand			12	25,003	23,301
Total Current	Assets				115,310	112,552
Current Liabilities
Creditors: amounts		falling due within	one year	12	(15,761)	(15,227)
Net Current Assets					99,549	97,325
Net Assets					11,827,518	13,081,094
The funds of	the Charity
Unrestricted	income funds/Total		Charity funds	13	11,827,518	13,081,094

			Note	Total	Total
				Funds	Funds
				2023	2022
				6
Net cash used in operating	activities		14	(415,545)	(400,152)
Cashflows from investing	activities
Interest and dividends			5	346,121	309,200
Purchase ofproperty, plant	and equipment		10		(2,100)
Proceeds from sale ofinvestments			11	415,000	375,000
Purchase ofinvestments			11	(343,874)	(295,362)
Net cash provided by investing activities				417,247	386,738
Change in cash and cash	equivalents	in the year		1,702	(13,414)
Cash and cash equivalents	brought forward			23,301	36,715
Cash and cash equivalents	carried forward			25,003	23,301

			2023	2022
			6
Pooled investment		vehicles	346,121	309,200
Total investment	income		346,121	309,200

			2023	2022
	Grant funded activity		178,510	172,366
	Support costs (note	7)	231,882	213,288
	Governance (note 8)		5,331	4,885
			415,723	390,539
7.	Support costs
			2023	2022
	Staff costs		150,786	141,585
	Administration expenses		50,858	50,797
	Car and travel expenses		25,509	15,822
	Other costs		4,729	5,084
	Total support costs		231,882	213,288
	Governance costs
			2023	2022
	Auditors' remuneration		2,520	2,040
	Trustees' Indemnity	Insurance	2,811	2,845
	Total governance	costs	5,331	4,885
	Analysis ofstaff	costs
			2023	2022
	Salaries		112,834	104,217
	National insurance	contributions	9,589	9,847
	Pension costs		28,363	27,521
	Total staff costs		150,786	141,585

								Computer	Computer	equipment	equipment
								2023			2022
								E			E
			Cost
			At 1 April	2022				3,097			1,994
			Additions	in year							2,100
			Disposals	in year							(997)
			At 31 March 2023					3,097			3,097
			Depreciation
			At 1 April	2022				1,441			1,994
			Charge for the year						700
			Disposals	in year							(997)
			At 31 March 2023					2,141			1,441
			Net book	value					956		1,656
			At 31 March 2023
Investments
									2023		2022
Movement in	investments									E	E
Market value brought		forward							12,982,113		12,338,176
Add: additions	to investment at cost								343,874		295,362
Disposals at carrying		value							(415,000)		(375,000)
Deduct net (losses)add			net gains on revaluation						(1,183,974)		723,575
Market value	as at 31		March						11,727,013		12,982,113
An analysis of market value at year-end					is	detailed	below
									2023		2022
										E	E
Pooled	investment vehicles —Unit Trusts								11,727,013		12,982,113
The following	table sets out the investments					ofthe	Trust
						2023		2023	2022		2022
								Value			Value
								E			F
Security
Blackrock Charities		Growth & Income Fund				100.00		11,727,013	100.00		12,982,113

12.	Analysis of net current assets	Analysis of net current assets	Analysis of net current assets
						2023	2022
	Debtors: amounts falling due		within	one year		f
	Prepayments and accrued income					90,307	89,251
	Cash held
	Cash at bank and in hand					25,003	23,301
	Total current assets					115,310	112,552
	Creditors: amounts falling due within one year
	Administration charges due					13,241	13,187
	Professional fees					2,520	2,040
	Total current liabilities					15,761	15,227
13.	Unrestricted income funds
	Balance			Incoming	Chadtable	Realised	Balance
	1 April			resources	expenditure	and	31 March
	2022				costs	unrealised	2023
						loss
	Unrestricted
	Income Fund
14.	Reconciliation of net movement			in funds to	net cash flow	from operating	activities
						2023	2022
						8
	Net movement in funds					(1,253,576)	642,236
	Add depreciation charges					700
	Deduct interest income shown		in investing activities			(346,121)	(309,200)
	Add net loss/deduct net (gain)		on investments			1,183,974	(723,575)
	Increase in debtors					(1,056)	(13,791)
	Increase in creditors					534	3,734
	Net cash used in operating	activities				(415,545)	(400,152)