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||||||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<br>Trust Interest|||||20||20|420|
|Overseas<br>Funds Interest|||||401||401|2,755|
|Dividends<br>from<br>UK authorised|||unit trusts||53,633||53,633|4,163|
|Dividends<br>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<br>on charitable||activities|||||||
|Grants paid||||10|2,000||2,000|2,000|
|Funding ofendowments||||11||||150,000|
|Independent<br>examiner's|remuneration||||1,642||2,190|4,260|
|Expenditure<br>on raising funds|||||||||
|Legal and professional|||||15||15|15|
|Investment<br>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<br>(losses) / gains||on|||||||
|investment<br>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|






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|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<br>in year||||1,512,050|1,512,050|
|Disposals<br>in year||||(1,361,082)|(1,565,569)|
|Movement<br>on accrued income|||||13,863|
|Unrealised<br>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<br>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<br>markets||||101,820|96,273|
|Global||||280,603|331,038|
|Bonds||||||
|North America||||35,545|33,899|
|Emerging<br>markets||||69,352|64,785|
|Global||||36,744|34,892|
|Alternative<br>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|





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## 

|Summary<br>of net assets by fund;|Summary<br>of net assets by fund;|Summary<br>of net assets by fund;|Summary<br>of net assets by fund;|Summary<br>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<br>Community|||Foundation||||50,000|
|Buckinghamshire||Community||Foundation|||50,000|
|Sussex Community|||Foundation||||50,000|
||||||||150,000|





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||||||||||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<br>unit trust||||Dividend|
|---|---|---|---|---|---|
|Date|Security name||||f|
|29/04/22|Ninety One<br>III Global Environment|Fund Shs-K-GPB|||286|
|29/04/22|BlackRock iShares Japan<br>Equity Index Fund||(UK) Shs-S-GBP||17|
|31/08/22|SUTL Cazenove<br>Charity Responsible|Multi-Asset||Fund Units-5-GBP|11,208|
|30/11/22|SUTL Cazenove<br>Charity Responsible|Multi-Asset||Fund Units -S-GBP|14,110|
|28/02/23|SUTL Cazenove<br>Charity Responsible|Multi-Asset||Fund Units -S-GBP|14,149|
||||||39,770|
||Movement<br>on accrued dividends||||13,863|
||||||53,633|
|Dividends|from overseas funds||||Dividend|
|Date|Security name|||||
|31/03/22|Allianz China<br>Equity Shs-WT GBP||||1|
|29/04/22|Polar Globallnsurance<br>Fund||||74|
|30/06/22|Brevan Howard<br>Abolsute<br>Return Government|||Bond Fund Shs-A1-GBP|238|
|30/06/22|Vanguard<br>Japan Stock Index Fund|Shs|||60|
|30/06/22|Polar UK Value Opportunities<br>Fund|Shs-5-GBP|||145|
|30/06/22|Redwheel<br>Global Emerging<br>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<br>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<br>bearing securities<br>interest||20||420||
|Dividends<br>received||39,770||6,282||
|Dividends<br>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<br>charges<br>paid in year||10,524||18,345||
||||(1,524,824)||(485,206)|
||||104,138||161,870|
|Less: donations<br>made|||(2,000)||(152,000)|
||||102,138||9,870|
|Balance brought forward|||75,168||65,298|
||||177,306||75,168|
|Represented<br>by||||||
|Barclays Bank Pic;||||||
|Current account|||93,806||30,556|
|Deposit account|||2,752||2,749|
|Schroder account|||80,748||41,863|
||||||75,168|