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|STATEMENT OF FINANCIAL|ACTIVIT|IES|||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Unrestricted||Restricted|Total|
||||2022|2022|2022|2021|2021|2021|
|||Notes|||||||
|INCOME FROM;|||||||||
|Donations
and legacies|||17,555||17,555|2,458||2,458|
|Investment
income|||13,298||13,298|15,953||15,953|
|TOTAL INCOME|||30,853||30,853|18,411||]8,411|
|EXPENDITURE ON;|||||||||
|Charitable
activities||4|52,576||52,576|31,698||31,698|
|TOTAL EXPENDITURE|||52,576||52,576|31,698||31,698|
|NET INCOME BEFORE|||||||||
|(LOSSES)/GAINS ON INVESTMENTS|||(21,723)||(2],723)|(13,287)||(13,287)|
|Net gains/(losses)
on investment|assets|7|9,770||9,770|98,777||98,777|
|NET MOVEMENT IN FUNDS|||(11,953)||(11,953)|85,490||85,490|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds brought
forward|||563,358|100,000|663,358|477,868|100,000|577,868|
|Total funds carried forward|||551,405|100,000|651,405|563,358|100,000|663,358|
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|STATEMENT OF CASH|FLOWS|||||
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|||
|Net cash used in operating|activities||10|10,779|(29,746)|
|Cashflows
from investing|activities|||||
|Interest and dividends||||13,298|15,953|
|Net additions ofinvestments||||]87,681||
|Net disposals ofinvestments||||(187,681)||
|Net cash provided
by investing
activities||||13,298|15,953|
|Change in cash and cash equivalent||in the|year|24,077|(13,793)|
|Cash and cash equivalents|brought|forward||18,415|32,208|
|Cash and cash equivalents|carried forward|||42,492|18,415|
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|INCOME FROM:|||Total|
|---|---|---|---|
|YEARENDED 31STJULY 2022|Unrestricted|Restricted|2022|
|Donations
and legacies:||||
|Donations|17,555||17,555|
||||Total|
|YEAR.ENDED 31STEJLY2021|Unrestricted|Restricted|2021|
|Donations
and legacies:||||
|Donations|2,458||2,458|
|INVESTMENT INCOME||||
|All unrestricted||2022|202]|
|Equity dividends||13,298|15,953|
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|4.a|EXPENDITURE|ON CHARITABLE ACTIVITIES:|ON CHARITABLE ACTIVITIES:|||Total|
|---|---|---|---|---|---|---|
||YEAR ENDED|3ISTJULY 2022||Unrestricted|Restricted|2022|
||Grants:||||||
||Clare College|||45,000||45,000|
||Nicholas?Iammond
Career Fund|||5,000||5,000|
||Support and Governance||costs:||||
||Miscellaneous|expenses||118||118|
||Independent
Examination|||720||720|
||Administration|expenses||1,738||1,738|
|||||52,576||52,576|
|||||||Total|
|4.b|YEAR ENDED|31STJULY 2021||Unrestricted|Restricted|2021|
||Grants:||||||
||Clare College|||30,000||30,000|
||Support and Governance||costs:||||
||Miscellaneous|expenses||4||4|
||Independent
Examination|||36||36|
||Administration|expenses||1,658||1,658|
|||||31,698||31,698|
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|TRUSTEES EXPENSES AND REMU|NERATION|NERATION|||||||
|---|---|---|---|---|---|---|---|---|
|The Charity considers
is key personnel|management||to be thc Trustees.||The Trustees||give freely their time||
|and expertise without
any form ofremuneration||or|other benefit|in cash|or kind.|No|expenses were paid to||
|the Trustees in this year or the previous|year.||||||||
|NET MOVEMENT
IN FUNDS FOR|TEKYEAR||||||2022|2021|
|This is stated after charging:|||||||||
|Independent
examiners
fee|||||||720|36|
|FIXEDASSETINVESTMENT
AT~TVALUE - CURREN'f YEAR||||||||Equities
2022|
|Market value at 1stAugust 2021||||||||646,601|
|Additions||||||||]87,661|
|Unrealised
disposals||||||||(187,661)|
|Unrealised
gains||||||||10,589|
|Realised losses||||||||(819)|
|Market value at 31st July 2022||||||||656,371|
|Historical cost at 31stJuly 2022||||||||513,070|
|NOTES|TO|THE FINANCIAL
STATEMENTS|THE FINANCIAL
STATEMENTS|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||FIXED ASSET INVESTMENT
AT~TVALUE - PRIOR YEAR|||||||||||||||Equities
2021|
||||||||||||||||||8|
|||Market value at 1st August|2020||||||||||||||547,824|
|||Unrealised
gains|||||||||||||||98,777|
|||Market value at 31stJuly 2021|||||||||||||||646,601|
|||Historical cost at 31stJuly|2021||||||||||||||446,000|
|||All investments
are carried|at their|fair value.||||Investments||in equities||and|fixed interest||securities
are all traded|||
|||in quoted public markets,
primarily||the London|||||Stock Exchange.||Asset, sales and|||purchases||are recognised||
|||at the date oftrade cost (that is their|||transaction||||value).|||||||||
|||All investments
are held for charitable||||purposes|||and held in the||UK.|Investments||held that||exceed 5%ofthe||
|||total value are;||||||||||||||||
|||||||||||||2022||2021||||
|||CAF UK Equitrack||Fund||||||||7%||36%||||
|||Hargreaves|Lansdown|||Fund|1|||||17%||17%||||
|||Hargreaves|Lansdown|||Fund|2|||||15%||18%||||
|||Diversified|Property||Fund for Charities|||||||32%||29%||||
|||Amundi||||||||||29%||0%||||
||||||||||||100%||100%|||||
|||CREDITORS'.amounts
falling due||within|||one|year||||||||2022|2021|
|||Accruals
—independent
examination||||||||||||||720||
|||Due to Clare College||||||||||||||46,738|1,658|
|||||||||||||||||47,458|1,658|
|9a.||ANALYSIS OF CHARITABLE FUNDS|||||- CURRENT YEAR||||||Cutty|Sark||||
||||||||||||||Restricted||Unrestricted||Total|
||||||||||||||Fund|||Funds|Funds|
|||Balance at 1st August 2021|||||||||||100,000|||563,358|663,358|
|||Income||||||||||||||30,853|30,853|
|||Expenditure||||||||||||||(52,576)|(52,576)|
|||Gains on investments||||||||||||||9,770|9,770|
|||Balance at 31stJuly 2022|||||||||||100,000|||551,405|651,405|
|9b.||ANALYSIS OF CHARITABLE FUNDS|||||—PRIOR YEAR||||||Cutty Sark|||||
||||||||||||||Restricted||Unrestricted||Total|
||||||||||||||I'und|||Funds|Funds|
||||||||||||||||||f|
|||Balance at 1stAugust 2020|||||||||||100,000|||477,868|577,868|
|||Income||||||||||||||18,411|18,411|
|||Expenditure||||||||||||||(31,698)|(31,698)|
|||Gains on investments||||||||||||||98,777|98,777|
|||Balance at 31st July 2021|||||||||||]00,000|||563,358|663,358|
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|10.|RECONCILATION
OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS|RECONCILATION
OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS|RECONCILATION
OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS|RECONCILATION
OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS|RECONCILATION
OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS|RECONCILATION
OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS|
|---|---|---|---|---|---|---|
||ACTIVITIES||||2022|2021|
||||||f,||
||Net movement
in|funds|||(11,953)|85,490|
||Gains on investments||||(9,770)|(98,777)|
||Deduct dividends|under investing|activities||(13,298)|(15,953)|
||Increase/(decrease)|in creditors|||45,800|(506)|
||Net cash provided|by/(used
in) operating||activities|10,779|(29,746)|
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