2023-04-05-accounts

					2023	2023	2023	2022
					Unrestricted	Unrestricted	Total	Total
					income	capital	funds	funds
				Note	funds	funds
					6	E
INCOME AND EXPENDITURE
Income and endowments	from:
Other trading activities
Variation of covenants						67,500	67,500
Income from Investments
Deposit Interest					1,157		1,157	1
UK Authorised Trust Interest					20		20	420
Overseas Funds Interest					401		401	2,755
Dividends from UK authorised			unit trusts		53,633		53,633	4,163
Dividends from overseas	funds				779		779	9,978
Rental income					250		250	250
Total income and endowments					56,240	67,500	123,740	17,567
Expenditure:
Expenditure on charitable		activities
Grants paid				10	2,000		2,000	2,000
Funding ofendowments				11				150,000
Independent examiner's	remuneration				1,642		2,190	4,260
Expenditure on raising funds
Legal and professional					15		15	15
Investment commission	and charges					8,411	8,411	18,041
Total expenditure					3,657	8,959	12,616	174,316
Net gains / (losses) on Investments
Realised (losses) / gains	on	disposal of
investments						(46,235)	(46,235)	44,836
Unrealised (losses) / gains		on
investment assets						(33,694)	(33,694)	26,411
Total(losses) / gains						(79,929)	(79,929)	71,247
Net income / (expenditure)					52,583	(21,388)	31,195	(85,502)
Total funds brought forward					38,299	1,490,242	1,528,541	1,614,043
Total funds carried forward					90,882	1,468,854	1,559,736	1,528,541

Balance sheet	Balance sheet
			Note	2023		2022
Fixed assets
Intangible			6	10		10
Tangible			5	55,101		55,101
Investments			7	1,333,644		1,406,994
					1,388,755		1,462,105
Current assets
Cash in hand,		at the bank and
on deposit with brokers				177,306		75,168
				177,306		75,168
Uabilities due		within one year
Creditors			8	(6,325)		(8,732)
Net current	assets				170,981		66,436
Net assets					1,559,736		1,528,541
Represented		by
Unrestricted	capital account				1,468,854		1,490,242
Unrestricted	Income account				90,882		38,299
					1,559,736		1,528,541

5.	Tangible fixed assets	Tangible fixed assets
	Non-depreciating	freehold	land	Stratton	Chase	Ellwood Road	Manor Road		Total
				Chalfont	St Giles		Penn
				E			6
	Gross book value	at 6th April 2022			5,100	50,000			55,101
	Revaluation
	Gross book value	at 5th April 2023			5,100	50,000		1	55,101

Intangible	fixed assets	Non
		depreciating
		covenant
		E
Gross book value at 6th April 2022 and 5th April 2023		10

Fixed asset investments	Fixed asset investments			Cost	Market value
				6	E
Original cost/market	value
As at 6th April 2022				1,202,507	1,406,994
Acquisitions in year				1,512,050	1,512,050
Disposals in year				(1,361,082)	(1,565,569)
Movement on accrued income					13,863
Unrealised gain for	the year				(33,694)
As at 5th April 2023				1,353,475	1,333,644
		2023	2023	2022	2022
		Cost	Market value	Cost	Market value
		E	6	E	6
Equities
United Kingdom				125,039	140,695
Europe				23,407	37,903
North America				241,490	319,992
Japan				30,368	28,882
Asia (exJapan)				30,083	63,089
Emerging markets				101,820	96,273
Global				280,603	331,038
Bonds
North America				35,545	33,899
Emerging markets				69,352	64,785
Global				36,744	34,892
Alternative investments
Hedge funds				77,186	79,708
Commodity				90,833	109,072
Other				60,037	66,766
Charity authorised	funds	1,353,475	1,333,644
		1,353,475	1,333,644	1,202,507	1,406,994

Creditors					2023	2022
					E	6
Accountancy	accrual				3,960	4,020
Schroder management			fees accrual		2,100	4,212
Deferred income		—rent	received	in advance	265	500
					6,325	8,732

Summary of net assets by fund;	Summary of net assets by fund;	Summary of net assets by fund;	Summary of net assets by fund;	Summary of net assets by fund;
						2023	2022
Capital fund						E	E
Fixed assets						1,388,755	1,462,105
Net current assets						80,099	28,137
						1,468,854	1,490,242
						2023	2022
Income fund						E
Fixed assets
Net current assets						90,882	38,299
						90,882	38,299
						2023	2022
Total						F.	E
Fixed assets						1,388,755	1,462,105
Net current assets						170,981	66,436
						1,559,736	1,528,541
Grants paid					Number of	2023	2022
					grants	E	E
To Institutions:
Towner Art Gallery			- AIM			1,000	1,000
Glyndebourne	Trust					1,000	1,000
						2,000	2,000
Endowments					Number of	2023	2022
					grants	E
Cumbria Community			Foundation				50,000
Buckinghamshire		Community		Foundation			50,000
Sussex Community			Foundation				50,000
							150,000

									Market
								Cost	value
AlternatIve	investments						No	f	f
Other
SUTL	Cazenove	Charity	Responsible	Multi-asset	Fund	Units	2,490,180.96	1,353,475	1,333,644
								1,353,475	1,333,644
								1,353,475	1,333,644

Dividends	from UK authorised unit trust				Dividend
Date	Security name				f
29/04/22	Ninety One III Global Environment	Fund Shs-K-GPB			286
29/04/22	BlackRock iShares Japan Equity Index Fund		(UK) Shs-S-GBP		17
31/08/22	SUTL Cazenove Charity Responsible	Multi-Asset		Fund Units-5-GBP	11,208
30/11/22	SUTL Cazenove Charity Responsible	Multi-Asset		Fund Units -S-GBP	14,110
28/02/23	SUTL Cazenove Charity Responsible	Multi-Asset		Fund Units -S-GBP	14,149
					39,770
	Movement on accrued dividends				13,863
					53,633
Dividends	from overseas funds				Dividend
Date	Security name
31/03/22	Allianz China Equity Shs-WT GBP				1
29/04/22	Polar Globallnsurance Fund				74
30/06/22	Brevan Howard Abolsute Return Government			Bond Fund Shs-A1-GBP	238
30/06/22	Vanguard Japan Stock Index Fund	Shs			60
30/06/22	Polar UK Value Opportunities Fund	Shs-5-GBP			145
30/06/22	Redwheel Global Emerging Markets				261
					779

UK Accrued	Interest on Bonds	Interest on Bonds			Net
					f
16/05/22	1.259'0 United	Kingdom ofGreat Britain and Northern	Ireland Treasury	Gilt		(97)
09/06/22	1.2590 United	Kingdom ofGreat Britain and Northern	Ireland Treasury	Gilt		117
						20

Cash account
		2023		2022
Payments received for varlatlons	ofcovenants		67,500
Add: receipts from capital transactions
Proceeds on disposal of Investments		1,519,335		627,625
			1,519,335		627,625
Add: income received
Deposit Interest received		1,157		1
Interest bearing securities interest		20		420
Dividends received		39,770		6,282
Dividends from overseas funds		779		9,978
Interest from overseas funds		401		2,770
			42,127		19,451
Less: payments
Purchase of investments		1,512,050		463,021
Accountancy		2,250		3,840
Management charges paid in year		10,524		18,345
			(1,524,824)		(485,206)
			104,138		161,870
Less: donations made			(2,000)		(152,000)
			102,138		9,870
Balance brought forward			75,168		65,298
			177,306		75,168
Represented by
Barclays Bank Pic;
Current account			93,806		30,556
Deposit account			2,752		2,749
Schroder account			80,748		41,863
					75,168