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|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Report of the Independent Auditors**|3|to|5|
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|**8**|to|12|





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|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||**Notes**|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Investment income|2|266,782|191,302|
|**EXPENDITURE ON**||||
|Raising funds|3|2,498|2,017|
|**Charitable activities**|4|||
|Charitable distributions||199,991|197,571|
|**Total**||202,489|199,588|
|Net gains/(losses) on investments||(317,921)|1,306,637|
|**NET INCOME/(EXPENDITURE)**||(253,628)|1,298,351|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||5,972,440|4,674,089|
|**TOTAL FUNDS CARRIED FORWARD**||5,718,812|5,972,440|





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|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**FIXED ASSETS**||||
|Investments|10|5,391,065|5,704,239|
|**CURRENT ASSETS**||||
|Cash at bank||329,547|269,798|
|**CREDITORS**||||
|Amounts falling due within one year|11|(1,800)|(1,597)|
|**NET CURRENT ASSETS**||327,747|268,201|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||5,718,812|5,972,440|
|**NET ASSETS**||5,718,812|5,972,440|
|**FUNDS**|12|||
|Unrestricted funds||5,718,812|5,972,440|
|**TOTAL FUNDS**||5,718,812|5,972,440|





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|**INVESTMENT INCOME**||||
|---|---|---|---|
|||2022|2021|
|Income from investment portfolio||266,782|191,302|
|**RAISING FUNDS**||||
|**Investment management costs**||||
|||2022|2021|
|Portfolio management||2,498|2,017|
|**CHARITABLE ACTIVITIES COSTS**||||
||Grant|||
||funding of|||
||activities|Support||
||(see note|costs (see||
||5)|note 6)|Totals|
|Charitable distributions|198,000|1,991|199,991|
|**GRANTS PAYABLE**||||
|||2022|2021|
|Charitable distributions||198,000|196,000|
|The total grants paid to institutions during the year was as follows:||||
|Age UK Somerset|||5,000|
|Age UK Bath and North East Somerset|||5,000|
|Cerebal Palsy Plus|||3,000|
|Room 13 Hareclive|||3,000|
|Resolve West (formerly Bristol Mediation)|||18,000|
|Kinergy|||15,000|
|Wellspring Counselling|||15,000|
|Brain Tumour Support|||11,000|
|The Harbour|||13,000|
|Quartet Community Foundation<br>SouthSide Family Project|||2,000<br>2−0,000|
|Somerset−Community−Foundation|||7,000|
|Bristol Children's Help Society|||8,000|
|Young Bristol|||20,000|
|Womankind|||23,000|
|Princes Trust|||12,000|
|Young Carers|||18,000|
|Total Charitable Distributions|||198,000|





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|**6.**|**SUPPORT COSTS**||||
|---|---|---|---|---|
||||_Governance_||
|||Finance|costs|Totals|
||Charitable distributions|21|1,970|1,991|
|**7.**|**AUDITORS' REMUNERATION**||||
||||2022|2021|
||Auditors remuneration||1,800||
||Independent examinees fee|||1,293|
||||1,970|1,293|



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||Unrestricted|
|---|---|
||fund|
|**INCOME AND ENDOWMENTS FROM**||
|Investment income|191,302|
|**_EXPENDITURE ON_**||
|Raising funds|2,017|
|**Charitable activities**||
|Charitable distributions|197,571|
|**Total**|199,588|
|Net gains on investments|1,306,637|
|**NET INCOME**|1,298,351|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|4,674,089|
|**TOTAL FUNDS CARRIED FORWARD**|5,972,440|





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|**10.**|**FIXED ASSET INVESTMENTS**||||||
|---|---|---|---|---|---|---|
||||||Cash and||
|||||Listed|settlements||
|||||investments|pending|Totals|
||**MARKET VALUE**||||||
||At 1 November 2021|||5,639,371|64,868|5,704,239|
||Additions|||1,231|266,782|268,013|
||Disposals|||−|(263,266)|(263,266)|
||Net gains on revaluation|||(317,921)||(317,921)|
||At 31 October 2022|||5,322,681|68,384|5,391,065|
||**NET BOOK VALUE**||||||
||At 31 October 2022|||5,322,681|68,384|5,391,065|
||At 31 October 2021|||5,639,371|64,868|5,704,239|
||There were no investment assets outside the UK.||||||
||Cost or valuation at 31 October 2022 is represented by:||||||
||||||Cash and||
|||||Listed|settlements||
|||||investments|pending|Totals|
||Valuation in 2022|||5,322,681|68,384|5,391,065|
|**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN **|**ONE **|**YEAR**||||
||||||2022|2021|
||Accrued expenses||||1,800|1,597|
|**12.**|**MOVEMENT IN FUNDS**||||||
||||||Net||
|||||At|movement|At|
|||||1.11.21|in funds|31.10.22|
||**Unrestricted funds**||||||
||General fund|||5,972,440|(253,628)|5,718,812|
||**TOTAL FUNDS**|||5,972,440|(253,628)|5,718,812|
||Net movement in funds, included in the above are as follows:||||||
|||Incoming−Resources|||Gains and|Movement|
|||resources||expended|losses|in funds|
||||£|£|£|£|
||**Unrestricted funds**||||||
||General fund|266,782||(202,489)|(317,921)|(253,628)|
||**TOTAL FUNDS**|266,782||(202,489)|(317,921)|(253,628)|





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||||Net||
|---|---|---|---|---|
|||At|movement|At|
|||1.11.20|in funds|31.10.21|
|**Unrestricted funds**|||||
|General fund||4,674,089|1,298,351|5,972,440|
|**TOTAL FUNDS**||4,674,089|1,298,351|5,972,440|
|Comparative net movement in funds, included in the above are as follows:|||||
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|191,302|(199,588)|1,306,637|1,298,351|
|**TOTAL FUNDS**|191,302|(199,588)|1,306,637|1,298,351|



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