# ## |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| |7.|Analysis oftotal expenditure|Analysis oftotal expenditure|Analysis oftotal expenditure|(prior|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|| ## ## ## ## |23.|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|