|**Contents**|**Contents**|||
|---|---|---|---|
|1|ReferenceandAdministrativeDetails||1|
|2|Structure, Governance andManagement||2|
|3|Objectives andActivities||3|
|4|Achievements and Performance: Yearended 31stMarch2023||3|
|5|Financial Review||3|
|6|Plans for FuturePeriods||5|
|||_||
|7|IndependentAuditor's ReporttotheTrustees ofBedfontLakes TrustFund||6|
|8|StatementofFinancialActivities||9|
|9|Balance Sheetas at31March2023||1O|
|1O|Notes tothe Financial Statements||11|
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|TRUSTEE:|The Mayorand Burgesses ofthe London Borough of|
|---|---|
||Hounslow|
|ADDRESS:|Hounslow House|
||7 Bath Road|
||Hounslow|
||TW33EB|
|REGISTEREDCHARITY NO.:|1053137|
|SOLICITOR:|Assistant DirectorCorporate Governance|
||London Borough ofHounslow|
||Hounslow House|
||7 Bath Road|
||Hounslow|
||TW33EB|
|TREASURER:|DirectorofFinanceand CorporateServices|
||London Borough ofHounslow|
||Hounslow House|
||7 Bath Road|
||Hounslow|
||TW3 3EB|
|AUDITORS:|CHGAccountancy-Limited T/A|
||Clemence Hoar Cummings|
||CharteredAccountants and Registered Auditors|
||1-5 Como Street|
||Romford|
||RM77DN|
|BANKERS:|NatWest Bank|
||275 - 277 High Street|
||Hounslow|
||TW31ZA|
|FUND MANAGERS:|Schroder& Co|
||31 Gresham Street|
||London|
||EC2V 7QA|
|INTERNALAUDITORS:|Head of Internal Audit|
||London Borough ofHounslow|
||Hounslow House|
||7 Bath Road|
||Hounslow|
||TW3 3EB|
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||**Notes**|**Unrestricted**
**Fund**|**Restricted**
**Fund**|**Total 2022/23 **|**Total 2021/22**|
|---|---|---|---|---|---|
|||£|£|£|£|
|**Income from:**||||||
|Investment Income||196,640|86,742|283,382|193,540|
|Other Incoming Resources|||||o|
|**Total Incoming**||**196,640**|**86,742**|**283,382**|**193,540**|
|**Expenditure on:**||||||
|Investment management costs||8,261|5,161|13,422|41,954|
|CharitableActivities|2|127,167|79,436|206,603|191,500|
|Charitable Support Costs|3|3,435|2,145|5,580|4,875|
|**Total Expenditure**||**138,863**|**86,742**|**225,605**|**237,969**|
|**Net lncoming/(Outgoing) Resources**
**for the Year**||**57,777**|**o**|**57,777**|**(44,429)**|
|Net (losses)/gains on investments||{260,240)|(114,798)|(375,038)|525,473|
|**Net (expenditure)/income and net**
**movement in funds**||**(202,463)**|**(114,798)**|**(317,261)**|**481,044**|
|Fund Balances brought forward at 1st
April||4,320,903|1,906,048|6,226,951|5,745,907|
|**Fund Balances carried forward 31st**
**March**||**4,118,440**|**1,791,250**|**5,909,690**|**6,226,951**|
##
||**Notes**||**2023**|**2022**|
|---|---|---|---|---|
||||£|£|
|**Fixed Assets**|||||
|Investments||4|5,477,927|5,890,178|
||||**5,477,927**|**5,890,178**|
|**Current Assets**|||||
|Debtors||5|58,980|66,819|
|Cash|||588,251|470,189|
||||**647,231**|**537,008**|
|**Liabilities**|||||
|Creditors||6|(215,468}|(200,235)|
||||**(215,468)**|**(200,235)**|
|**Net Current Assets**|||431,763|336,773|
|**Net Assets**|||**5,909,690**|**6,226,951**|
|**Funds**||7|||
|Restricted|||1,791,250|1,906,048|
|Unrestricted|||4,118,440|4,320,903|
|**Funds Carried Forward**|||**5,909,690**|**6,226,951**|
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||**2023**|**2022**|
|---|---|---|
||£|£|
|Management of Bedfont Lakes Country Park|200,103|185,000|
|Support Services|6,500|6,500|
||**206,603**|**191,500**|
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||**2023**|**2022**|
|---|---|---|
||£|£|
|External Audit Fees|5,580|4,875|
|Legal & Professional Fees|o|o|
||**5,580**|**4,875**|
||**2023**|**2022**|
|---|---|---|
||£|£|
|Market Value at 1 April|5,890,178|5,392,577|
|Acquisitions during the year at cost|189,194|5,533,367|
|Disposals during year at carrying value|(191,968)|(5,571,517)|
|Net gains/{losses) on revaluation|(375.038)|525,472|
|Net increase/ (decrease) in cash awaiting investment|(34,439)|10,279|
|**Closing Value**|**5,477,927**|**5,890,178**|
||**Number**|**Market Value**|**Cost**|
|---|---|---|---|
|**31st March 2022**|**of Units**|£|£|
|Schroder UK Real Estate Fund|4,270|222,894|167,548|
|Schroder Cash Pool Account|o|37,245|37,245|
|SUTL Cazenave Charity Responsible|9,891,141|5,630,039|5,533,367|
|||**5,890,178**|**5,738,160**|
||**Number**|**Market Value**|**Cost**|
|**31st March 2023**|**of Units**|£|£|
|Schroder Cash Pool Account|o|2,806|2,806|
|SUTL Cazenave Charity Responsible|10,256,877|5,475,121|5,722,720|
|||**5,477,927**|**5,725,526**|
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||**2023**|**2022**|
|---|---|---|
||£|£|
|Accrued Investment Income|58,792|66,631|
|Accrued Licence Income|188|188|
||**58,980**|**66,819**|
|**)**
**Liabilities: amounts falling due within one year**|||
||**2023**|**2022**|
||£|£|
|Sums due to London Borough of Hounslow|206,603|191,500|
|Investment management feesdue|3,285|3,443|
|Audit Fees|5,580|5,292|
|Total|**215,468**|**200,235**|
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||**Unrestricted**|**Restricted**||
|---|---|---|---|
||**Fund**|**Fund**|**Total**|
||£|£|£|
|**Fixed Assets**||||
|Investments|3,822,283|1,655,644|5,477,927|
|**Total Fixed Assets**|**3,822,283**|**1,655,644**|**5,477,927**|
|Current Assets|433,082|214,149|647,231|
|Current Liabilities|(136,925)|(78,543)|(215,468)|
|**Net Assets at 31st March 2023**|**4,118,440**|**1,791,250**|**5,909,690**|
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||**Unrestricted**
**Fund**|**Restricted**
**Fund**|**Total 2021/22**|
|---|---|---|---|
||£|£|£|
|**Income from:**||||
|Investment Income|134,718|58,822|193,540|
|Other Incoming Resources|o|o|o|
|**Total Income**|**134,718**|**58,822**|**193,540**|
|**Expenditure on:**||||
|Investment management costs|31,313|10,281|41,594|
|CharitableActivities|144,164|47,336|191,500|
|Charitable support costs|3,670|1,205|4,875|
|**Total Expenditure**|**179,147**|**58,822**|**237,969**|
|Net (losses)/gains on investments|365,767|159,706|525,473|
|**Net (expenditure)/income and net movement** in**funds**|**321,338**|**159,706**|**481,044**|
|Fund Balances brought forward at 1stApril|3,999,565|1,746,342|5,745,907|
|**Fund Balances carried forward 31st March 2023**|**4,320,903**|**1,906,048**|**6,226,951**|