2023-03-31-accounts - Quartet Community Foundation

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Contents
				Pages
Reference and Administrative		Details
Trustees Report
Independent Auditors'	Report			17
Statement of Financial	Activities			21
Balance Sheet				22
Summary Income and	Expenditure		Account
Statement ofCash Flows				24
Notes to the Financial	Statements			25

Company number	3981052
Charity number	1080418
Status	The Charity isregistered as an		Environmental		Body —number 689972
	The Charity isregistered forVAT- number752791703
Registered office	Royal Oak House
and operational	Royal Oak Avenue
address	Bristol
	BS14GB
Trustees	Trustees, who are also Directors under company					law, who served during
	the year and up tothe date ofthis report were				as	follows:
	Sue Mountstevens	OBE,Chair	ofTrustees and Philanthropy &Marketing
	Committee
	Nick Lee, Deputy Chair ofTrustees
	Jonathon Baker
	Saida Bello (joined	Dec2022)
	Sue Blatchford, Chair Finance		&Investment	Committee
	Matthew Crossman	(joined Sept 2022)
	Oliver Delany OBE,Chair Governance Committee
	Caroline Hagen (joined Sept 22)
	Annie Kilvington (retired Sept 2022)
	Matthew Lee
	Chris Johnson
	Raj Kakar-Clayton
	Kristen Pye (joined	Sept 2022)
	Junior Sheikh
	Ben Silvey, Chair Programmes		Committee
	JoTurner
Patrons	The Lord-Lieutenant	ofthe City and County		ofBristol, Peaches Golding
	OBE
	The Lord-Lieutenant	ofSomerset, Annie Maw			(up	toOct2022)
	The Lord-Lieutenant	ofSomerset, Mohammed			Saddiq (from Oct2022)
President	Trevor Smallwood OBEDL

VicePresidents	Will Bee
	Gillian Camm DL
	Chris Curling
	Geoff Matthews
	Mary Prior CVO MBE
	Professor Murray Stewart
	SirJames Tidmarsh		KCVO MBE		JP
	Lady Paula Wills
Principal Officers	Suzanne Rolt, Chief		Executive
	Ronnie Brown, Philanthropy			Director
	Sarah Crispin, Head		ofFinance
	Diane Kent, Head	ofOperations			and Company Secretary
Bankers	Bank ofScotland
	Glass House, Cabot		Circus
	Bristol. BS13BX
Investment	Rathbones
managers	8Finsbury Circus
	London, EC2N 7AZ
	CCLA
	1Angel Lane
	London, EC4R3AB
Legal advisors	Osborne Clarke
	2Temple BackEast
	Temple Quay
	Bristol, BS16EG
	Veale Wasbrough	Vizards
	Narrow Quay House, Narrow			Quay
	Bristol, BS14QA
Independent	Bishop Fleming
Auditors	10Temple Back
	Bristol, BSl6FL

				Unrestricted	Restricted
				revenue	revenue	Endowment
				funds	funds	funds	2023 Total	2022 Total
			Note	F				F
Income and endowments	from:
Donations and legacies
Donations and gifts			3	1,155,617	4,097,554	4,305,021	9,558,192	6,441,454
Gifts in kind			4	4,000	-	-	4,000	4,000
Other trading activities
Consultancy and other		income		21,067			21,067	21,921
Investments
Investment properties				34,241	42,218		76,459	94,321
Investment income				25,321	253,007		278„328	194,800
Total income and endowments				1,240,246	4,392,779	4,305,021	9,938,046	6,756,496
Expenditure on:
Raising funds
Communications and publicity				214,774			214,774	133,812
Consultancy				21,259			21,259	22,340
Community Leadership				19,134			19,134	22,339
Philanthropy services				250,869			250,869	184,905
City Funds				53,150			53„150	57,032
Fund development				71,034			71,034	57,839
Investment management		costs		19,136		133,333	152,469	145,795
Investment properties				7,230	34,407		41,637	34,694
Charitable activities
Draw-downs						196,960	196,960	409,248
Grants payable					6,516,733		6,516,'733	4,848,905
Support costs ofgrants
programme				393,312	183,300		576,612	734,182
Total expenditure				1,049,898	6,734,440	330,293	8,114,631	6,651,091
Net (expenditure) Iincome
before gains and losses				190,348	(2,341,661)	3,974,728	1,823,415	105,405
Net gains on investments			'i3,14	20,354	1,608,547	(4,758,084)	(3,129,183)	3,899,410
Net income				210,702	(733,114)	(783,356)	(1,305,768)	4,004,815
Transfers between funds			23	40,000	(24,400)	(15,600)
Net movement in funds			8	250,702	(757,514)	(798,956)	(1,305,768)	4,004,815
Reconciliation offunds:
Total funds brought forward				1,041,159	5,230,490	60,008,756	66,280,405	62,275,590
Total funds carried forward				1,291,861	4,472,976	59,209,800	64,974,637	66,280,405

					2023	2022
			Note
Fixed assets
Tangible fixed assets			12		197,198	179,398
Investments
Property			13		632,000	664,000
Other			14		57,272,664	57,840,710
					58,101,862	58,684,108
Current. assets
Debtors			15	1,430,667		1,255,863
Cash at bank and	in	hand		6,369,265		7,279,738
				7,799,932		8,535,601
Liabilities
Creditors: amounts		falling due within	16	(927,157)		(939,304)
Net current assets					6,872,775	7,596,297
Net assets			18		64,974,637	66,280,405
Funds
Capital funds
Endowment	funds		24		59,209,800	60,008,756
Revenue funds			25
Restricted funds					4,472,976	5,230,490
Unrestricted	funds				1,291,861	1,041,159
Total charity funds					64,974,637	66,280,405

		All income	funds 2022
		funds 2023	Total
			F
Income from:
Donations and legacies
Donations and gifts		5,253,171	4,803,059
Gifts in kind		4,000	4,000
Other trading activities
Consultancy and other	income	21,067	21,921
Investments
Investment properties		76,459	47,550
Investment income		278,328	194,800
Gains on investments		1,628,901	1,550,473
Gross income in the financial year		7,261,926	6,621,803
Expenditure on:
Raising funds
Communications and publicity		214,774	133,812
Consultancy		21,259	22,340
Community Leadership		19,134	22,339
Donor services		250,869	184,905
Employer Engagement	Project	53,150	57,032
Fund development		71,034	57,839
Investment management	costs	19,136	10,157
Investment properties		41,637	34,694
Charitable activities
Grants payable		6„516,733	4,848,905
Support costs ofgrants
programme		576,612	734,182
Gross expenditure in the financial year		7,784,338	6,106,205
Net (expenditure) Iincome	before tax for the financial year	(522,412)	515,598
Tax payable
Net (expenditure) Iincome	for the financial year	(522,412)	515,598

For the y	ear ended 31 March 2023
					2023	2022
				Note	F
Cash generated by operating activities:
Net cash	generated by operating activities			23	(283,042)	(727,833)
Cash flows from investing activities:
Dividends,	interest and rents from investments				354,787	289,121
Purchase	oftangible fixed assets				(39,300)	(16,183)
Proceeds	from the sale ofinvestments				6,353,032	6,380,991
Cash movement on investments					48,350	310,697
Purchase	of investments				(7,344,300)	(5,652,818)
Net cash	used by investing activities				(627,431)	1,311,808
Increase	in cash and cash equivalents	in	the year		(910,473)	583,975
Cash and	cash equivalents at the beginning		ofthe year		7,279,738	6,675,763
Cash and	cash equivalents at the end ofthe year				6,369,265	7,279,738

				Unrestricted	Restricted
				revenue	revenue	Endowment
				funds	funds	funds	2022 Total
							F
Income and endowments	from:
Donations and legacies
Donations and gifts				916,951	3,886,108	1,638,395	6,441,454
Gifts in kind				4,000			4,000
Other trading activities
Consultancy and other		income		21,921			21,921
Investments
Investment properties				4,531	43,019	46,771	94,321
Investment income				8,846	185,954		194,800
Total income and endowments				956,249	4,115,081	1,685,166	6,756,496
Expenditure on:
Raising funds
Communications and	publicity			133,812			133,812
Consultancy				22,340			22,340
Community Leadership		-	New	22,339			22,339
Donor services				184,905			184,905
Employer Engagement		Project - New		57,032			57,032
Fund development				57,839			57,839
Investment management			costs	10,157		135,638	145,795
Investment properties				16,372	18,322		34,694
Charitable activities
Grants payable					4,848,905		4,848,905
Draw-downs						409,248	409,248
Support costs ofgrants		programme		431,236	302,946		734,182
Total expenditure				936,032	5,170,173	544,886	6,651,091
Net (expenditure) lincome	before gains
and losses				20,217	(1,055,092)	1,140,280	105,405
Net gains on investments				21,302	1,529,171	2,348,937	3,899,410
Net income				41,519	474,079	3,489,217	4,004,815
Transfers between funds					92,560	~92,560
Net movement in funds				41,519	566,639	3,396,657	4,004,815

									2023	2022
									Totalf	Total F
Bank of Ireland									574,219	45,539
Bristol Community		Health	Fund						127,724
North Somerset	Community			Partnership			Endowment		110,009	3,750,000
North Somerset	Community			Partnership			Endowment			250,000
Osborne Clarke									284,000	274,000
Pople Charitable		Trust Revenue			Fund				63,500	76,000
Thrings Solicitors		Fund							20,580	27,963
Wessex Water									716,050	223,638
The charity received the			following		government			grants:
									2023	2022
									Total	Total
Bristol City Council									1,700,000	2,112,500
Commissioners	Crime Prevention				Fund				84,132
Bath 8 NES Supporting Communities						and Welness			20,000
									1804 132	2 112500

Investment	properties
							2023
			Unrestricted	Restricted	Endowment		Total
						F
Income
Tenants' contributions		to future maintenance
and repairs				1,000			1,000
Investment	income		34,242	42,218			76,460
			34,242	43,218			77,460
Expenditure
Depreciation	offixtures	and fittings	7,230				7,230
Running costs			34,407				34,407
			41,637				41,637
Net income			(7,395)	43,218			35,823

							2022
Prior period		comparative:		Unrestricted	Restricted	Endowment	Totalf
Income
Tenants' contributions			to future maintenance
and repairs					1,000		1,000
Investment	income			4,531	42,019	46,771	93,321
				4,531	43,019	46,771	94,321
Expenditure
Depreciation		offixtures	and fittings	11,362			11,362
Running costs				23,332			23,332
				34,694			34,694
Net income				(30,163)	43,019	46,771	59,627

Investment inc	ome
							2023
			Unrestricted		Restricted	Endowment	Total
				F	E'		E
Allocation of investment		income from
endowment					(253,008)		(253,008)
Interest on current accounts			25,321				25,321
Total investment	income		25,321		(253,008)		(227,687)

Quartet takes 4.5%total	return from capita	l gain and reinvest t	he dividend ea	rned into the in	vestment.
					2022
Prior period comparative:		Unrestricted	Restricted	Endowment	Total
			F
Allocation of investment	income from
endowment			(185,954)		(185,954)
Interest on current accounts		8,846			8,846
Total investment income		8,846	(185,954)		(177,108)

Fo	rthe ear ended 31 March 2023	rthe ear ended 31 March 2023	rthe ear ended 31 March 2023	rthe ear ended 31 March 2023
7.	Analysis oftotal expenditure
						Activities	Grant	Support 8
						undertaken	fuiidirig of	governance	2023
	Costs by charitable	activity				directly	acbvities	costs	Total
						E	E	E	E
	Communications and	publicity				19,182		195,592	214,774
	Consultancy							21,259	21,259
	Civic Influence/Community			Leadership				19,134	19,134
	Philanthropy services							250,869	250,869
	Draw-downs					196,960			196,960
	City Funds							53,150	53,150
	Fund development					3,000		68,034	71,034
	Grants payable						6,516,733		6,516,733
	Investment management		costs			133,335		19,134	152,469
	Investment properties					34,407		7,230	41,637
	Support costs ofgrants		programme				183,300	393,311	576,611
	Total resources expended					386,884	6,700,033	1,027,713	8,114,630
	Allocation ofsupport	and			Basis of		Property	Office	Other			2023
	governance costs by activity				allocation	Staff costs	costs	costs	costs	Depreciation	Governance	Total
						E	E	E	F	E		E
	Communications and	publicity			19.17%	149,286	9,467	16,168	12,332	2,736	5,603	195,592
	Consultancy				208%	16,227	1,029	1,757	1,340	297	609	21,259
	Civic Influence (Community			Leadershi	1 87'/	14,604	926	1,581	1,207	267	549	19,134
	Philanthropy services				24.58%	191,476	12,142	20,738	15,818	3,509	7,186	250,869
	Dra~owns				Specific
	Fund development				667%	51,926	3,293	5,624	4,290	952	1,949	68,034
	Grants payable				Specific
	Investment management		costs		1.88%	14,604	926	1,582	1,206	268	548	19,134
	Investment properties				Specific					7,230		7,230
	City Funds				5.21%	40,567	2,573	4,394	3,351	743	1,522	53,150
	Support costs ofgrants programme				3854%	300,195	19,037	32,513	24,799	5,501	11,266	393,311
	Total					778,885	49,393	84,357	64,343	21,503	29,232	1,027,713

			Activities	Grant	Grant	Support &
			undertaken	funding	of	governance	2022
Costs by charitable	activity		directly	activities		costs	Total
						F
Communications and	publicity		22,999			110,813	133,812
Consultancy						22,340	22,340
Community Leadership						22,339	22,339
Philanthropy services						184,905	184,905
Draw-downs			409,248				409,248
City Funds						57,032	57,032
Fund development			3,000			54,839	57,839
Grants payable				4,848,905			4,848,905
Investment management		costs	135,640			10,155	145,795
Investment properties			23,332			11,362	34,694
Support costs ofgrants		programme		302,947		431,235	734,182
Total resources expended			594,219	5,151,852		905,020	6,651,091

Analysis oftotal expenditure	Analysis oftotal expenditure	Analysis oftotal expenditure	period comparative) con't	period comparative) con't
Allocation	ofsupport	and	Basis of		Property	Office	Other			2022
governance	costs by activity		allocation 0/	Staff costs	costs	costs	costs f	Depreciation f	Governance	Total
Communications and publicity			12.40'/o	84,900	5,828	9,276	5,&99	1,242	3,668	110,813
Consultancy			2.50'/o	17,117	1,175	1,870	1,189	250	739	22,340
Community	Leadership		2.50'/o	17,117	1,175	1,870	1,187	250	740	22,339
Philanthropy	services		20.69'/o	141,666	9,725	15,478	9,843	2,073	6,120	184,905
Draw-downs			Specific
Fund development			6.14'/a	42,014	2,883	4,591	2,920	616	1,815	54,839
Grants payable			Specific
Investment	management	costs	1 14o/o	7,780	534	850	541	114	336	10,155
Investment	properties		Specific					11,362		11,362
City Funds			6.38'/o	43,695	3,000	4,774	3,036	639	1,888	57,032
Support costs ofgrants		programme	48.25'/o	330,389	22,682	36,098	22,957	4,836	14,273	431,235
Total				684,678	47,002	74,807	47,572	21,382	29,579	905,020

This is st	ated after cha	rging:
			2023	2022
				P
Depreciation			21,503	21,382
Operating	lease rentals - plant and machinery		4,033	5,003
Trustees'	remuneration		Nil	Nil
Trustees'	reimbursed	expenses	Nil	Nil
Auditors'	remuneration:
	~ Statutory audit		15,750	12,750
	~ Other services		1,400	1,000

Staff costs w	ere	as follows:
			2023	2022
			R
Salaries and	wages		683,893	593,743
Social security costs			66,049	54,538
Pension costs			26,329	24,026
HSF Health	Plan		1,613	846
Total employment		costs	777,884	673,153
Consultants	and	secondees	1,001	11,525
			778,885	684,678

The amount	payable	in the year comprises:	in the year comprises:	in the year comprises:
				Unrestricted	Restricted	Endowment
				funds	funds	funds	2023 Total
				E		E	f
Foundation	grants:
Quartet's grants programme					4,963,568		4,963,568
Sub-total					4,963,568		4,963,568
Donor directed grants					1,592,122		1,592,122
Lapsed and	returned	grants			(38,957)		38,957
Total grants	payable				6,516,733		6516733
Prior period comparative:				Unrestricted	Restricted	Endowment	2022 Total
					P
Foundation	grants:
Quartet's grants programme					4,001,264		4,001,264
Sub-total					4,001,264		4,001,264
Donor directed grants					1,005,026		1,005,026
Lapsed and	returned	grants			~(157,385		157,385)
Total grants	payable				4,848,905		4,848,905
Quartet's grants programme
Quartet's grants programme			provides	various levels ofsupport as follows:

Tangible fixed assets
		Royal Oak
		House	Fixtures,
	Freehold	fixtures &	fittings &
	property	fittings	equipment	Total
	E	F	E
Cost
At 1 April 2022	158,020	180,597	112,401	451,018
Additions in year		27,748	11,556	39,304
At 31 March 2023	158,020	208,345	123,957	490,322
Accumulated Depreciation
At 1 April 2022	15,448	160,825	95,347	271,620
Charge for the year	3,157	7,230	11,117	21,504
At 31 March 2023	18,605	168,055	106,464	293,124
Net book value
At 31 March 2023	139415	40 289	17493	197198
At 31 March 2022	142,572	19,771	17,054	179,398

			2023	2022
				E
Market value at 1 April		2022	664,000	752,000
Transfers
Unrealised	investment	gain / (loss)	(32,000)	(88,000)
Market value at 31 March 2023			632,000	664,000
Cost at 31	March 2023		847,691	847,691

14.	Other investments
					2023	2022
	Quoted investments:
	Market value at 1 April 2022				57,840,710	54,887,958
	Acquisitions at cost				7,344,300	5,652,818
	Gift ofshares				1,586,223	44,213
	Disposals proceeds				(6,353,032)	(6,380,991)
	Cash movements				(48,350)	(310,697)
	Net gain/(loss) in the year				(3,097,187)	3,947,409
	Market value at 31 March		2023		57,272,664	57,840,710
	Cost at.31 March 2023				50,895,066	47,351,681
	Analysis by geographical		sector:
	Investment assets in the UK				26,573,553	27,738,362
	Investment assets outside the UK				30,699,111	30,102,348
					57,272,664	57,840,710
15.	Debtors
					2023	2022
					R
	Gift aid receivable				22,067	202,712
	Other debtors and prepayments				1,408,600	1,053,150
					1,430,667	1,255,862
16.	Creditors: amounts	falling within		1 year
					2023	2022
						f
	Trade creditors				7,009	44,934
	Taxation and social security				17,842	15,415
	Other creditors				47,546	59,871
	Accruals and deferred	income			64,063	72,726
	Grants payable				790,697	746,358
					927,157	939,304

For	the ear ended 31 March	the ear ended 31 March	2023
17.	Deferred income
							2023	2022
							f	f
	At 1 April 2022						15,416	17,795
	Deferred during the year							15,416
	Released during the year						(15,416)	(17,795)
	At 31 March	2023						15,416
	Deferred income relates to Royal Oak House			rent demanded		in advance.
18.	Analysis of	net assets between funds
					Permanent		Expendable
			Unrestricted	Restricted	endowment		endowment
			funds	funds		funds	funds	Total funds
							F	F
	Fixed assets		57,783			139,415		197,198
	Investments	-property	64,849			567,151		632,000
	Investments	-other				6,708,999	50,563,665	57,272,664
	Debtors		92,754	75,722			'1,262,191	1,430,667
	Cash at bank	and in hand	1,212,935	5, 'I 87,951			(31,621)	6,369,265
	Creditors		(136,460)	(790,697)				(927,157)
	Net assets at 31 March
	2023		1,291,861	4,472,976		7,415,565	51,794,235	64,974,637
					Permanent		Expendable
			Unrestricted	Restricted	endowment		endowment
	Prior year comparatives		funds	funds		funds F	funds E	Total funds f
	Fixed assets		36,826			142,572		179,398
	Investments	-property	68,006			595,994		664,000
	Investments	-other				7,321,621	50,519,089	57,840,710
	Debtors		142,173	835,687			278,000	1,255,860
	Cash at bank	and in hand	987,100	5,141,158			1,151,480	7,279,738
	Creditors		(192,943)	(746,358)				(939,301)
	Net assets at 31 March
	2022		1,041,162	5,230,487		8,060,187	51,948,569	66,280,405

Amount	falling due:
Within Within	1 year 2-5years

Connected organisation	Connected organisation	Connected organisation	Grant awarded	Connected trustee		Position	held
Society of Merchant	Venturers		8000	Nick Lee/Jonathan	Bake	Member
BRACE			500	Susan Blatchford		Trustee
BRACE			Pro Help	Susan Blatchford		Trustee
Bi.istol Chaplaincy			5000	Ben Silvey		Trustee
The Nelson Trust			9,350	Sue Mountstevens		Vice President
The Nelson Trust			Pro Help	Sue Mountstevens		Vice President
Square Food Foundation			10,360	Caroline Hagen		Spouce
Square Food Foundation			Pro Help	Caroline Hagen		Spouce
The Park Community	Centre		Pro Help	Jonathan Baker		Trustee
Royal West of England		Academy	1,000	Abdul Hamid Sheikh		Trustee
Chinese Community	Wellbeing		2,500	Abdul Hamid Sheikh		Other
Bristol Black Carers			Pro Help	Abdul Hamid Sheikh		Other
Bricks Bristol			24,992	Kristen Pye		Tenant
Bricks Bristol			Pro Help	Kristen Pye		Tenant
Anchor Society			2,050	Oliver Delany		President	Elect
Clifton Down Charitable		Trust Limited	500	Nick Lee/Jonathan	Bake	Member
Creative Youth Network			5,684	Raj Kakar-Clayton		Trustee

Reconciliation ofnet	Reconciliation ofnet	movement	in funds to net cash flow from operating activities	in funds to net cash flow from operating activities
				2023	2022
				F	E
Net movement in funds				(1,305,768)	4,004,815
Adjustments for:
Depreciation charges				21,504	21,382
Gift ofshares				(1,586,223)	(44,213)
Gains on investments				3,129,183	(3,899,410)
Dividends, interest and rents from			investments	(354,787)	(289,121)
Decrease l (increase)		in debtors		(174,804)	(501,126)
Decrease / (increase)		in creditors		(12,147)	(20,160)
Net cash generated	by operating		activities	(283,042)	(727,833)

Endowment funds
						(Losses)/	Transfers
				At 1 April	Net movement in	gains on	between	At 31 March
				2022	funds	investments F	funds E	2023 f
Permanent endowment
Unrestricted endowment		funds
Discretionary (a)				1,204,386	(2,075)	(96,659)		1,105,652
Restricted endowment	funds
Field ofinterest (b)				1,811,007	(4,436)	(147,479)		1,659,092
Donor directed (c)				2,329,684	(5,203)	(192,121)		2,132,360
Foundation (d)				1,976,544	(4,812)	(159,837)		1,811,895
Total permanent endowment				7,321,621				6,708,999
Expendable endowment		funds
Unrestricted endowment		funds
Discretionary (e)				1,322,876	49,554	(111,031)	(4,800)	1,256,599
Restricted endowment	funds
Field ofinterest (f)				30,572,746	2,540,997	(2,622,500)	(10,669)	30,480,574
Donor directed (g)				7,035,752	(148,568)	(563,465)	(131)	6,323,588
Grassroots Endowment
Challenge (h)				3,396,099	572,077	(293,818)		3,674,358
Community First Programme			(i)	7,053,767		(351,690)		6,702,077
Foundation (j)				2,289,329	(5,067)	(187,484)		2,096,778
Royal Oak House (k)				738,566		(32,000)		706,566
Legacy Provision				278,000	982,261			1,260,261
Total expendable endowment
funds				52,687,135	3,991,254	(4,161,988)	(15,600)	52,500,801
Total andowmant funds				60 008756	3974 728	$44758084	~15600	59209800

									2023	2022
			Number	offunds	Purpose offund				f
a Discretiona				10	Discretionary grant-making				1,105,652	1,204,386
(b) Field ofinterest					Disability				411,028	448,653
					Education and training				407,357	444,647
					Elderly people				25,500	27,835
					Homelessness				454,263	495,871
					Young people				360,943	394,001
(b) Field ofinterest				16					1,659,091	1,811,007
(c) Donor directed				10	Donor directed				2,132,360	2,329,684
(d) Foundation				8	Quartet staffing	&support costs			1,811,895	1,976,545
Endowment	funds		(continued)
Expendable	endowment
									2023	2022
			Number	offunds	Purpose offund
(e) Discretionary				20	Discretionary grant-making				1,255,851	1,322,876
(f) Field ofinterest				9	Education and training				2,026,438	2,187,165
				14	Environment				684,048	745,687
				3	Homelessness				98,308	107,187
				1	Safer community		environments		52,122	56,893
				8	North Somerset				8,683,335	9,481,049
				11	Bath & North East Somerset				535,092	572,297
				3	Elderly people				946,280	1,032,084
				24	Young people				4,027,903	3,296,723
				21	Other field ofinterest				13,427,048	13,093,661
(f) Field ofinterest									30,480,574	30,572,746
(g) Donor directed				27	Donor directed				6,323,588	7,035,752
(h) Grassroots		Challenge		49	Small/local voluntary			groups	3,674,358	3,396,099
(i) Community Programme		First		71	Small/local voluntary			groups	6,702,077	7,053,767
(j) Foundation					Quartet staffing	&support costs			2,096,778	2,289,329
					Donor directed	and Quartet
(k) Royal Oak		House			staffing &support		costs		706,566	738,566
(I)Legacy Provision					Buston Legacy				1152182	278,000

					Unrestricted	Restricted	Total
					F	F
Balance at 1 April 2022					1,041,159	5,230,490	6,271,649
Net movement in funds					190,348	(2,341,661)	(2,151,313)
Realised and unrealised investment			gains		20,354	1,608,547	1,628,901
Transfers					40,000	(24,400)	15,600
Balance at 31 March 2023					1,291,861	4,472,976	5,764,837
Revenue funds (continued)
The revenue fund movements		during	the year	can be analysed as	follows:
					Gains /	Transfers	At 31
			At 1 April	Net movement in	losses on	between	March
			2022	funds	investments	funds	2023
			E
Unrestricted income funds
Staffing and support costs			1,041,159	190,348	20,354	(80,000)	1,171,861
Designated Fund						120,000	120,000
Total unrestricted income	funds		1,041,159	190,348	20,354	40,000	1,291,861
					Gains /	Transfers	At 31
			At 1 April	Net movement in	losses on	between	March
			2022	funds	investments	funds	2023
Restricted income funds
Discretionary (a)			484,698	(225,865)	84,587	35,585	379,005
Donor directed (b)			499,305	(275,513)	173,080	(24,060)	372,812
Field of interest (c)			3,612,593	(1,570,624)	1,148,740	11,817	3,202,526
Foundation (j)				(104,467)	104,467
Grassroots Endowment (h)			161,564	(86,453)	97,497	(7,384)	165,224
Community First Programme		(i)	420,723	(59,763)	176	(40,358)	320,778
Royal Oak House maintenance			31,607	1,024			32,631
Revenue Legacy provision	(k)		20,000	(20,000)
Total restricted revenue funds			5,230,490	(2,341,661)	1,608,547	(24,400)	4,472,976
Total revenue funds			6,271,649	(2,151,313)	1,628,901	15,600	5,764,837

							2023	2022
		Number offunds		Purpose offund
	a Discretiona		45	Discretionary	grant-making		379,005	484,697
	(b) Donor directed		47	Donor directed			372,811	499,304
25.	Revenue funds (continued)
	(c) Field of interest		42	Young people			674,803	254,227
			22	Education			81,894	67,600
			15	Bristol			79,896	368,768
			8	North Somerset			(30,812)	104,892
			3	Sport			14,562	5,454
			8	Homelessness			94,876	66,627
			12	Bath & North	East Somerset		126,735	122,388
			18	Environment			21,099	51,124
			4	Disability			47,056	20,326
			10	Elderly people			238,712	239,629
			33	Other field of	interest		1,853,705	2,311,559
	(c) Field ofinterest		175				3,202,526	3,612,594
	(h) Grassroots Endowment Challenge			Small &local	voluntary	groups	165,224	161,563
		Number	offunds	Purpose offund			2023f	2022 f
	(i) Community Programme	First	19	Small &local	voluntarygroups		320,778	420,724
	(k) Revenue Provision	Legacy		Hicknmott Legacy				20,000

The total number and value	o	f	grants	pa	ya	ble, analy	sed by grant	beneficiary,	is as follows:
									2023	2022
Payable by primary beneficiary							Number
Carers							11		48,203	81,541
Ex-offenders/Offenders 8 People at risk offending					of		15		60,300	51,571
Families							64		265,661	254,524
LGBTQ+							3		5,000	17,000
Local Residents							307		2,077,146	1,602,515
Long term health or life-limiting			condiation				46		98,117	65,700
Long term unemployed							1		5,000	8,218
People experiencing homelessness							28		62,400	121,746
People living in poverty/ disadvantage							477		2,369,874	1,166,592
People living in rural areas							10		54,359	39,000
People living in urban areas							26		116,636	40,016
People living with alcohol / drug			additions				5		20,880	41,527
People living with mental health			problems				59		595,188	453,231
People living with physical or		sensory disabiliitie:					39		214,724	453,190
People with learning disabilities							70		246,925	170,672
Refugees / asylum seekers	/ vulnerable				migrant:		43		182,291	187,080
Victims or survivors of crime	/	violence		/	abuse		12		52,389	136,986
Young people not in education,			employment			8			41,640	32,825
training (NEET)							10
Lapsed grants							0			(75,029)
							1,226		6,516,733	4,848,905
Financial instruments
									2023f	2022
Financial assets that are debt		instruments				measured	at amortised	cost
comprise the following:
Gift aid receivable									22,067	202,712
Other debtors and prepayrnents									1,408,600	1,053,150
Total									1,430,667	1,255,862
Financial liabilities measured		at	amortised			cost comprise the following:
Trade creditors									7,009	44,934
Taxation and social security									17,842	15,415
Other creditors									47,546	59,871
Accruals and deferred income									64,063	72,726
Grants payable									790,697	746,358
									927,157	939,304