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|**Contents**||
|---|---|
||**Page**|
|**Trustees annual report**|**1 −4**|
|**Independent examiner's report**|**5 −6**|
|**Statement of financial activities**|**7**|
|**Statement of financial position**|**8**|
|**Trustees' statement**|**9**|
|**Notes t o the financial statements**|**10 −14**|
|**Income and expenditure account**|**15**|





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|**Incoming Resources**||||
|---|---|---|---|
||**Note**|**2022**|**2021**|
|Donations||30,615|28,360|
|Government grants||8,893|24,327|
|Other income||428||
|Investment income|**2**|3,623|3,473|
|**Total incoming resources**||43,559|56,160|
|**Resources expended**||||
|**Direct** charitable expenditure||41,732|37,831|
|Governance costs||2,736|1,358|
|**Total resources expended**||44,468|39,189|
|**Net (outgoing) / incoming resources for**||(909)|16,971|
|**the year**||||
|**Net movement in funds**||(909)|16.971|
|**Gain/(loss) on revaluation o f investment**||3,200|11,751|
|**asset**||||
|**Fund balances brought forward a t 1 May**||91,147|62,425|
|**2021**||||
|**Fund balances carried forward a t 3 0 April**||93,438|91,147|
|**2022**||||
|There were no other recognised gains and||||
|losses||||





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||**Note**|**/022**|**2021**|
|---|---|---|---|
|**Fixed Assets**||||
|Tangible assets|**3**|||
|Intangible as−sets −shares in Exmouth Ltd|||100|
|Investments|**4**|80.766|52,566|
|||80,766|52,666|
|**Current Assets**||||
|Receivables||1,004||
|Cash at bank and in hand||12,168|38,981|
|**Current Liabilities**||||
|Payables and accruals|**5**|(500)|(500)|
|Net current assets||12,672|38,481|
|**Net Assets**||93,438|90,791|
|**Funds unrestricted**|**6**|93,438|90,791|





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||**2022**|**2021**|
|---|---|---|
|Rents receivable|428||
|Interest receivable|3,623|3,473|
||4.051|3.473|
|**3 Tangible fixed assets**|||
||**2022**|**2021**|
|**Equipment −cost**|||
|As at 1 May 2021 and 30 April 2022|5,058|5,058|
|**Depreciation**|||
|As at 1 May 2021|5,058|5,058|
|Charge for the year|||
|As at 30 April 2022|5.058|5.058|
|**Net book value a t 30 April 2022**|||
|**4**<br>**Investments**|||
|**Valuation**|**2022**|**2021**|
|Market value as at 1 May 2021|52,566|40,815|
|Additions|25,000||
|Disposals|||
|Revaluations|3,200|11,751|
|**Market value as a t 30 April 2022**|80,766|52,566|



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||**2022**|**2021**|
|---|---|---|
|Accruals|500|500|



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||**2022**|**2021**|
|---|---|---|
|Opening funds at 1 May 2021|91,147|62,425|
|Excess (expenditure)/income for the year|(909)|16,971|
|Gain/(loss) on revaluation of investment asset|3,200|11,751|
|Closing funds at 30 April 2022|93,438|91,147|



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|||||**2022**|**2021**|
|---|---|---|---|---|---|
|||||**£**|**£**|
|Wages|and|salaries|costs|21,148|21,105|



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||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|In respect of accounts production and independent|500|500|
|examination|||





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