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2023-03-31-accounts

Reference and Administrative Details
Trustees'
report
Trustees'
responsibilities
Independent
examiner's
report
Statement offinancial activities
Balance sheet
Notes to the financial statements

Charity name Charity name The Brewery Arts Centre Endowment The Brewery Arts Centre Endowment Trust
Charity registration number I065424
Princi pa Ioffice 1d Low House Business Centre
WINDERMERE
LA23 3NA
Registered office 1d Low House Business Centre
WINDERMERE
LA23 3NA
Trustees P RW Hensman
CSFairclough
J M Plumptre
H Pring
M M Scott
Secretary SWiggins
Bankers Barclays Bank pic
9 Highgats
KENDAL
LA9 4DF
Accountant Dodd 6Co Limited
FIFTEEN Rosehill
Montgomery
Way
Rosehill Estate
CARLISLE
CA1 2RW
Investment Advisor Cazenove
Capital Management		 Limited
12Moorgate
LONDON
EC2R 6DA

Unrestricted Endowment Total Funds Total Funds
Funds Funds 2023 2022
Note
Income
Investment
income		 44,196 44,196 41,185
Total income 44,196 44,196 41,185
Expenditure
Raising funds 9,806 9,806 10752
Charitable
activities		 126,688 126,688 68,984
Total expenditure 126,688 9,806 136,494 79,736
Gains/(losses)
on investment		 assets (97,732) (97,732) 120,201
Net income/(expenditure) (126,688) (63,342) (190,030) 81,650
Transfers
between		 funds 130,579 (130,579)
3,891 (193,921) (190,030) 81,650
Net movement
in funds
Reconciliation
of		 funds
Total funds
brought		 forward 17,126 2,161,741 2,178,867 2,097,217
Total funds carried forward 21,017 1,967,820 1,988,837 2,178,867

Unrestricted Endowment Total Funds Total Funds
Funds Funds 2023 2022
9 5 8 9
Dividends 42,943 42,943 41,181
Interest on cash deposits 1,253 1,253 4
44,196 44,196 41,185

Expenditure
Grant
management funding of
acsvfbes		 Total
2023		 Total
2022
Direct costs
Kendal
Brewery Arts Centre Trust Limited		 124,073 124,073 66,000
Portfolio management costs 9,806 9,806 10,752
9,806 124,073 133,879 76,752
Supportcosts
Sundry expenses 103 103 4
Accountancy fees 1,012 1,012 940
Independent
examiner's		 fee 500 500 500
Secretarial fees 1,000 1,000 1,540
2,615 2,615 2,984
9,806 126,688 136,494 79,736

Listed
investments Cash deposits Total
8 8 5
Market value
As at 1 April 2022 2,103,335 61,096 2,164,431
Revaluation (97,732) (97,732)
Additions 593,917 555,618 1,149,535
Disposals (647,704) (600,132) (1,247,836)
As at 31 March 2023 1,951,816 16,582 1,968,398
Net book value
As at 31 March 2023 1,951,816 16,582 1,968,398
As at 31 March 2022 2,103,335 61,096 2,164,431
All investment assets were held in the UK.
9 Debtors
2023
9		 2022f
Prepayments and accrued income 1,395
10 Creditors: Amounts falling due within one year
2023 2022
8 5
Accruals and deferred income 4,915 5,670
11 Related parties
Controlling entity
The charity is controlled by the trustees.

Other
At 1April incoming Resources recognised At 31 March
2022 resources expended Transfers gains/losses 2023
General
Funds
Unrestricted
income fund 17,126 (126,688) 130,579 21,017
Permanent
Endowment
Permanent
endowment 2,161,741 44,196 (9,806) (130,579) (97,732) 1,967,820
2,178,867 44,196 (136,494) (97,732) 1,988,837

At 1 April
2021		 At 1 April
2021		 Incoming
resources		 Incoming
resources		 Resources
expended		 Transfers Other
recognised
gains/losses		 At 31 March
General
Funds
Unrestricted
income fund		 6,925 (68,984) 79,185 17,126
Permanent
Endowment
PalTll anent
endowment		 2og0 2g2 41,185 (10,752) (79,185) 120,201 2,161,741
2,227,217 41,185 (79,736) 120,201 2,178,867
Total return on investments
Trustfor Unapplied Total
Investment total return endowment
At 1 April 2022 1,550,000 611,741 2,161,741
Movements in reporting
period:
Investment income 44,196 44,196
Investment
gains/losses		 return: realised and unrealised (97,732) (97,732)
Less: investment management costs (9,806) (9,806)
Total (63,342) (63,342)
Unapplied
total
reporting
period		 return allocated to income in the (130,579) (130,579)
Net movements in reporting period (193,921) (193,901)
As at 31 March 2023 1,550,000 417,820 1,967,820

Unrestricted Endowment TotalFunds TotalFunds
Funds Funds 2023 2022
K 6
Investments 1,968,398 1,968,398 2,164,431
Current assets 23,529 1,825 25,354 20,106
Creditors Amounts falling due
within one year (2,512) (2,403) (4,915) (5,670)
Nel assets 21017 , 1,887,820 1.088,837 2,178,827
Unrestricted Endowment TotalFunds Total Funds
Funds Funds 2021 2020
f
Investment 2,164,431 2,164,431 2,081,335
Current assets 20,106 20,106 21,168
Creditors: Amounts
one year		 falling due within (2,980) (2,690) (5,670) (5,286)
Net assets 17,126 2,161,741 2,178,867 2,097,217