2023-09-30-accounts

Index			Page
Trustees' Annual Report		1	— 3
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Accounts		7	— 11

				2023	2023	2023	2022
				Endowment	Unrestricted	Total	Total
				Fund	Fund	Funds	Funds
			Note		K
Income and endowments	from:
Investment income					147,633	147,633	148,390
Total income					147,633	147,633	148,390
Expenditure on:
Charitable activities					(85,596)	(85,596)	(84,650)
Raising funds (investment	management	fees)			(12,142)	(12,142)	(12,152)
Total expenditure					(97,738)	(97,738)	(96,802)
Net income / (expenditure)
before net gains and losses					49,895	49,895	51,588
Net (loss)/gain on investments					(315,034)	(315,034)	(290,484)
Net movement in funds					(265,139)	(265,139)	(238,896)
Reconciliation offunds:
Total funds brought forward				1„589,797	1,902,697	3,492,494	3,731,390
Total funds carried forward				f.1,589,797	K1,637,558	K3,227,355	K3,492,494

				2023			2022
			Note
Fixed assets
Investments					2,665.062			2,944.428
Current assets
Debtors				16,958		23.384
Cash at bank				552s451		541,282
				569,409		564s666
Creditors	falling due within
one year				(7,116)		(16.600)
Net current		assets			562.293			548,066
Net assets					K3„227,355			X3.492,494
The funds	of the charity
Unrestricted		Fund			1.637.558			1,902.697
Fndowment		Fund			I 589.797			1„589„797
Total funds					63.227,355			63.492s494

2	Investment	income	income		2023	2022
					K
	Investment	income			128,482	147,989
	Interest on cash		deposits		18,082	401
	Interest on loans		to West One Loans Ltd		1,069
	Total investment		income		f,147,633	f148,390
3	Expenditure	on	charitable	activities	2023	2022
					K
	Grants awarded		(see note 4)		81,450	81,050
	Governance	costs (see note 5)			4,146	3,600
					E,85,596	184,650

4	Analysis ofgrants	Analysis ofgrants
	The charity undertook		no	direct		charitable		activities		but	awarded		grants		to a number	of institutions in
	furtherance of its charitable				activities.		A statutory		exemption			is applied		in	respect of this	disclosure	note in
	accordance with	the Charities			SORP (FRS 102).
	Grants awarded	during	the		year:										2023	2022
															K
	Total charitable	grants awarded													81,450		81,050
															X81,450	f.81,050
	Analysis by category:														2023	2022
																	K
	-Health and Welfare														39,950		75,550
	-Economic and Community				Development										36,000
	-Education														5,500		5,500
															K81,450	681,050
5	Governance costs														2023	2022
															K
	Management	and administration
	Accountancy	fees													3,630		3,175
	Independent	examiner's		fee											486		425
	Bank charges														30
															64,146		K3,600

7	Fixed asset investments			Listed	Unlisted	Total	Total
				Investments	Investments	Investments	Investments
				2023	2023	2023	2022
				K
	Values as at 1 October			2,858,417	86,011	2,944,428	3,431,825
	Additions to investments	at cost		333,149	15,831	348,980	568,477
	Disposal proceeds from	investments		(291,011)	(22,301)	(313,312)	(765,390)
	Realised and unrealised	(loss)/gain	on
	investment disposals and revaluations			(308,275)	(6,759)	(315,034)	(290,484)
	Values at30September	*		$2,592,280	f72,782	f,2,665,062	f.2,944,428

Values	at	30	September	comprise:			2023	2022
				Listed Investments:
				Rowan Dartington	investment	portfolio	2,592,280	2,858„417
				Unlisted Investments:
				State ofIsrael Bonds *			72,782	78,805
				Pentagon Sterling	Multi Strategy Fund **			7,206
				Total			K2,665,062	K2,944,428

	Cash at bank		2023	2022
			K
	Lloyds Bank		9,308	185,172
	Rowan Dartington		30,008	356,110
	EFGPrivate Bank		513,135
	Total cash		K552,451	f541,282
9	Creditors falling due within one year		2023	2022
	Accountancy fees		3„630	3,175
	Independent examiner's	fee	486	425
	Investment management	fees	3,000	3,000
	Grants payable			10,000
			K7,116	616,600