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|Governing|Document|Document|The Charity<br>is|The Charity<br>is|governed|governed||by a Declaration|by a Declaration|of Trust dated|
|---|---|---|---|---|---|---|---|---|---|---|
||||18 May 1998.||||||||
||||The Charity's||registered|||charity|number|is 1071210.|
|Trustees|||Mrs Sharon<br>Ann Hallmark|||||(Chair)|||
||||Mr Nark Allan||Guest||||||
||||Mr Peter Roy|Guest|||||||
||||Mr 3ohn Bruce||Rostron||||||
|Clerk to the||Trustees|Ms Kirsty<br>McEwen||||||||
|Prinicipal|Office||Higgs<br>LLP||||||||
||||3 Waterfront|Business|||Park||||
||||Brierley<br>Hill||||||||
||||West Midlands||||||||
||||DY5 1LX||||||||
|Solicitors|||Higgs<br>LLP||||||||
||||3 Waterfront|Business|||Park||||
||||Brierley<br>Hill||||||||
||||West Midlands||||||||
||||DY5 1LX||||||||
|Investment||Managers|Rathbones<br>Investment||||Management||||
||||1Temple<br>Row||||||||
||||Birmingham||||||||
||||82 SLG||||||||
|Bankers|||CAP Bank Ltd||||||||
||||25 Kings<br>Hill|Avenue|||||||
||||Kings<br>Hill||||||||
||||West Mailing||||||||
||||Kent||||||||
||||ME19 4JQ||||||||
|Independent||Examiners|Stephanie<br>Churchill||||||||
||||Churchill<br>Taxation||||||||
||||835 Birimingham|||New|Road||||
||||Tipton||||||||
||||West Midlands||||||||
||||DY4 BAS||||||||





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|||Notes|Unrestricted|Total Funds||
|---|---|---|---|---|---|
||||Funds|||
|||||2023|2022|
||||E|6|f|
|Income resources:||||||
|Income resources<br>from||||||
|generated<br>funds|||58,415.86|58,415.86|55,488|
|Total incoming<br>resources|||58 415.86|58 41~.86|55488|
|Resources expended:||||||
|Cost of generating<br>funds|||12,942.12|12,942.12|13,410|
|Charitable<br>activities|||64 543.81|64 543.81|54 372|
|Cost of grant<br>making|||77,485.93|77,485.93|677782|
|Governance<br>costs|||12 940.25|12 940.25|12690|
|Total resources expended|||90,426.18|90426.18|80 472|
|Net (outgoing)/incoming||||||
|resources<br>before other||||||
|recognised<br>gains and losses|||(32,010.32)|(32,010.32)|(24,984)|
|Realised gains/(losses)|on|||||
|investment<br>assets|||12,505.71|12,505.71|185|
|Unrealised<br>gains/(losses)|on|||||
|investment<br>assets|||(113,761.56)|(113,761.56)|128,412|
|Net movement<br>in funds||||||
|Reconciliation<br>offunds||||||
|Total funds<br>brought<br>forward|||1 918644.41|1 918 644.41|1 815 032|
|Total funds carried forward|||1 785 378.24|1785 378.24|1918645|





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||||Notes|Unrestricted|Total Funds||
|---|---|---|---|---|---|---|
|||||Funds|||
||||||2023|2022|
||||||f|f|
|Fixed Assets|||||||
|Investments||||1,750,241.74|1,750,241.74|1,883,288|
|Total Fixed Assets||||1750 241.74|1750 241.74|I 883 288|
|Current Assets|||||||
|Cash with bank||||37,888.50|37,888.50|38,007|
|Debtors|||||||
|Total current assets||||37 888.50|37888.50|38007|
|Liabilities|||||||
|Creditors<br>falling|due within|one|||||
|year||||2,752.00|2,752.00|2,650|
|Net current assets||||35 136.50|35 136.5~|35 357|
|7 1<br>I<br>I<br>I||1II|II50|178537824|178537824|1918645|
|Creditors<br>falling|due after|more|||||
|than one year|||||||
|Net assets||||I 785 378.24|I 785 378.24|I918645|
|The funds ofthe Charity|||||||
|Unrestricted<br>income funds||||I 785 378.24|I 785 378.24|I 918645|
|Total Charity funds||||I 785 378.24|I 785 378.24|I918645|





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|6.|Governance|costs||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||6||
||Independent|examination||fee||480|432|
||Bank charges|||||108|108|
||Legal fees: Administration|||||6,750|8,875|
||Accounts||preparation|||3,102|1,250|
||VAT|||||2 500|2 025|
|||||||12940|12 690|
|7.|Fixed asset|investments||||||
||Movement in fixed||asset investments|||||
||Market value|as at 5|April|2022||1,883,288|1,706,223|
||Additions<br>to|investments||at cost||247|113,311|
||Disposals at carrying<br>value<br>Net ga.'n/(loss)<br>on revaluation|||||(25,187)<br>~113762|(64,658)<br>128412|
||Market value|as at 5|April|2023||1 744 586|1883 288|
||Investments|at market||value|comprised:|||
|||||||2023|2022|
||||||||6|
||Equities|||||1,400,985|1,579,960|
||Fixed interest|securities||||117,326|238,264|
||Alternatives|||||226 275|65 064|
||Total|||||1744 586|1883288|
|8.|Analysis<br>of|current|liabilitites||and long term creditors|||
||Creditors<br>under<br>1 year|||||||
||Legalfees|||||2,302|2,650|
||VAT thereon|||||450||
|||||||2 7'2|2 650|