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





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|||||2023|2023|2023|2022|
|---|---|---|---|---|---|---|---|
|||||Endowment|Unrestricted|Total|Total|
|||||Fund|Fund|Funds|Funds|
||||Note||K|||
|Income and endowments|from:|||||||
|Investment<br>income|||||147,633|147,633|148,390|
|Total income|||||147,633|147,633|148,390|
|Expenditure<br>on:||||||||
|Charitable<br>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<br>on investments|||||(315,034)|(315,034)|(290,484)|
|Net movement<br>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|





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|||||2023|||2022||
|---|---|---|---|---|---|---|---|---|
||||Note||||||
|Fixed assets|||||||||
|Investments|||||2,665.062|||2,944.428|
|Current<br>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|





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|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|



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|4|Analysis ofgrants|Analysis ofgrants||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The charity<br>undertook||no|direct||charitable||activities||but|awarded||grants||to a number|of institutions<br>in||
||furtherance<br>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<br>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<br>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|





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|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<br>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<br>disposals<br>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<br>Investments:|||||
|||||State ofIsrael Bonds *|||72,782|78,805|
|||||Pentagon<br>Sterling|Multi Strategy Fund **|||7,206|
|||||Total|||K2,665,062|K2,944,428|






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||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<br>fees||3„630|3,175|
||Independent<br>examiner's|fee|486|425|
||Investment<br>management|fees|3,000|3,000|
||Grants payable|||10,000|
||||K7,116|616,600|



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