2023-04-05-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 4
Independent Auditors'	Report	5 to 8
Statement of Financial	Activities
Statement of Financial	Activities	10
Balance Sheet
Notes to the Financial	Statements	12 to 20

Trustees			I H Nicholson
			C M Watts
			C C Nicholson
			V Stevenson
Charity Registration		Number	1060725
Principal	Office		5 West Road
			Ponteland
			Newcastle upon Tyne
			NE20 9ST
Auditor			Azets Audit Services
			Chartered Accountants		& Statutory	Auditor
			Bulman House
			Regent Centre
			Gosforth
			Newcastle upon Tyne
			NE3 3LS
Solicitors			lain Nicholson	& Co.
			5 West Road
			Ponteland
			Newcastle upon Tyne
			NE20 9ST
Bankers			National Westminster		Bank pic
			Gosforth Branch
			149 High Street
			Gosforth
			Newcastle upon Tyne
			NE3 1HA

Statement o	f Finan	cial Acti	vities fo	r the Year E	nded 5 April	2023
					Total	Total
				Unrestricted	2023	2022
			Note		E
Income and Endowments		from:
Investment income			2	57,883	57,883	63,036
Expenditure on:
Raising funds Charitable activities			3 4	(28,367) ~67,4087	(28,367) ~67,408	(27,644) (65,392)
Total Expenditure				(95,775)	(95,775)	(93,036)
Gains/(losses) on investment		assets		(128,438)	(128,438)	286,714
Net movement in funds				(166,330)	(166,330)	256,714
Reconciliation of	funds
Total funds brought	forward			2,285,724	2,285,724	2,029,010
Total funds carried	forward		14	2,119,394	2,119,394	2,285,724

Comparative April 2022	State	ment of Financ	ial Activities	for the Yea	r Ended 5
					Total
				Unrestricted	2022
			Note	E	8
Income and Endowments		from:
Investment income				63,036	63,036
Expenditure on:
Raising funds Charitable activities				(27,644) (65,392)	(27,644) (65,392)
Total expenditure Gains/(losses) on investment		assets		)93,036) 286,714	~93,036) 286,714
Net movement in funds				256,714	256,714
Reconciliation of	funds
Total funds brought	forward			2,029,010	2,029,010
Total funds carried	forward			2,285,724	2,285,724

Balance		Sh	eet	as at 5 April 2023
					Note	2023	2022f
Fixed assets
Investments					10	2,101,001	2,256,719
Current assets
Debtors					11		248
Cash at bank		and	in hand		12	37,312	45,113
						37,312	45,361
Creditors:	Amounts			falling due within one year	13	(18,919)	(16,356)
Net current	assets					18,393	29,005
Net assets						2,119,394	2,285,724
Funds ofthe		charity:
Unrestricted		income		funds
Unrestricted	funds					2,119,394	2,285,724
Total funds						2,119,394	2,285,724

						Unrestricted
						funds	Total	Total
						General	2023	2022
							6	6
Other investment		management		costs,
Amounts	payable		to investment		managers	28,367	28,367	27,644
						28,367	28,367	27,644

4 Expen	ditu	re on charitable	activities
				Unrestricted
				funds	Total	Total
				General	2023	2022
				6		6
Grant funding		of activities		48,500	48,500	49,500
Allocated	support costs			14,478	14,478	13,242
Governance		costs		4,430	4,430	2,650
				67,408	67,408	65,392
			Activity	Grant
			undertaken	funding of
			directly	activity	2023	2022
			8	E
Charitable	Grant Making		18,908	48,500	67,408	65,392

Charitab	le	activities expenditure
				Unrestricted
				funds	Total	Total
				General f	2023	2022
Charitable		Grant Making		48,500	48,500	49,500
Support	Costs			18,908	18,908	15,892
				67,408	67,408	65,392
Support	costs allocated to charitable		activities
			Governance	Support	Total	Total
			costs	costs 6	2023f	2022 8
Human	Resources			13,878	13,878	12,642
Finance	Costs			600	600	600
Audit Costs			4,430		4,430	2,650
			4,430	14,478	18,908	15,892

Analysis ofgrants
	2023	2022
		8
Grants to institutions
All Institutions	48,500	49,500

During the	year, the chari	ty made donati
		F
May 2022		24,000
November	2022	21,000
Additional	Awards	3,500
Total		48,500

					2023 f	2022
Audit fees					4,430	2,650
8	Employees,	Trustees	remuneration	and expenses

10Fixed asset investments
		2023	2022
			8
Other investments		2,101,001	2,256,719
Other investments
		Cash or cash
	Investments f	equivalents 6	Totalf
Cost or Valuation
At 6 April 2022	2,122,507	134,212	2,256,719
Additions	160,140		160,140
Disposals	(117,294)	(67,528)	(184,822)
Revaluation	(131,036)		(131,036)
At 5 April 2023	2,034,317	66,684	2,101,001
Net book value
At 5 April 2023	2,034,317	66,684	2,101,001
At 5 April 2022	2,122,507	134,212	2,256,719

13Creditors	: amounts f	alling due within	one year
					2023	2022
					8	6
Accruals					18,919	16,356
14Funds
		Balance at			Other	Balance at
		6 April	Incoming	Resources	recognised	5 April
		2022	resources	expended	gains/(losses)	2023
				6	6	8
Unrestricted	funds
General		2,285,724	57,883	(95,775)	(128,438)	2,119,394
		Balance at			Other	Balance at
		6 April	incoming	Resources	recognised	5 April
		2021	resources 6	expended 6	gains/(losses) f	2022 8
Unrestricted
General		2,029,010	63,036	(93,036)	286,714	2,285,724

15Ana	lysis of net assets between funds
		Unrestricted	Total funds
		funds	at 5 April
		General	2023
		E	6
Fixed asset investments		2,101,001	2,101,001
Current	assets	37,312	37,312
Current	liabilities	(18,919)	(18,919)
Total net assets		2,119,394	2,119,394
		Unrestricted	Total funds
		funds	at 5 April
		General	2022
		8	6
Fixed asset investments		2,256,719	2,256,719
Current	assets	45,361	45,361
Current	liabilities	(16,356)	(16,356)
Total net assets		2,285,724	2,285,724