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|||Page|
|---|---|---|
|ReportoftheTrustees||to5|
|IndependentExaminer'sReport||6|
|StatementofFinancialActivities||7|
|BalanceSheet||8|
|NotestotheFinancialStatements|9|<br>to13|
|DetailedStatementofFinancial Activities||14|





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|INCOMEANDENDOWMENTSFROM<br>lnvesnnentincorne<br>EXPENDITUREON<br>Charitableactivities<br>Supporting the charitable workofthe Morrab<br>Library, Penzance<br>NetgainsJ(losses)oninvesnnents<br>NETINCOME/(EXPENDITURE)<br>RECONCILIATIONOFFUNDS<br>Total fundsbroughtforward<br>TOTALFUNDSCARRIEDFORWARD<br>Notes<br>2<br>3|2022<br>2021<br>Unrestricted<br>fund<br>£<br>51,894<br>72,167<br>(67,712)<br>(87,985)<br>2,382,618<br>2,294,633<br>Total<br>funds<br>£<br>41,505<br>66,514<br>325,086<br>300,077<br>2,082,541<br>2,382,618|
|---|---|





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|FIXEDASSETS<br>Tangible assets<br>Investments<br>CURRENTASSETS<br>Debtors<br>Cash at bank and in hand<br>CREDITORS<br>Amounts falling due within one year<br>NETCURRENTASSETS<br>TOTALASSETSLESSCURRENT<br>LIABILITIES<br>NETASSETS<br>FUNDS<br>Umestricted funds<br>TOTALFUNDS<br>Notes<br>6<br>7<br>8<br>9<br>10|2022<br>Umestricted<br>fund<br>£<br>238<br>2,140,455<br>2,140,693<br>721<br>155,451<br>156,172<br>(2,232)<br>153,940<br>2,294,633<br>2,294,633<br>2,294,633<br>2,294,633|2021<br>Tota]<br>funds<br>£<br>468<br>2,252,835|
|---|---|---|
|||2,253,303<br>533<br>131,014<br>131,547<br>(2,232)|
|||129,315<br>2,382,618|
|||2,382,618<br>2,382,618|
|||2,382,618|





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|2.|INVESTMENT INCOME||||
|---|---|---|---|---|
||||2022|2021|
||||£|£|
||Income from share portfolio||51,894|~|
|3.|CHARITABLE ACTIVITIES COSTS||||
|||Grant|||
|||fundingof|Support||
|||activities|costs|Totals|
|||£|£|£|
||Supporting the charitable workofthe||||
||Morrab Library, Penzance|~|<br>~|<br>~|



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||There have been expenses paid to M Higgins for mileage, stationery and other expenditure|incurred on behalfof|
|---|---|---|
||the Trust totalling £967 (2021: £552).||
|5.|COMPARATIVESFORTHESTATEMENTOFFINANCIAL ACTIVITIES||
|||Unrestricted|
|||fund|
|||£|
||INCOME AND ENDOWMENTSFROM||
||Investment income|41,505|
||EXPENDITURE ON||
||Charitable activities||
||Supporting the charitable workofthe Morrab||
||Library, Penzance|66,514|
||Net gains on investments|325,086|
||NET INCOME|300,077|
||RECONCILIATIONOFFUNDS||
||Total funds brought forward|2,082,541|
||TOTAL FUNDS CARRlED FORWARD|2,382,618|





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|COST<br>At1June2021and31May2022<br>DEPRECIATION<br>At1June2021<br>Charge for year<br>At31May2022<br>NETBOOKVALUE<br>At31May2022<br>At31May2021<br>7.<br>FIXEDASSETINVESTMENTS<br>MARKETVALUE<br>At1June2021<br>Additions<br>Disposals<br>Revaluations<br>At31May2022<br>NETBOOKVALUE<br>At31May2022<br>At31May2021|Computer<br>equipment<br>£<br>699<br>231<br>230<br>461<br>238<br>468<br>=<br>Listed<br>investments<br>£<br>2,252,835<br>210,501<br>(255,169)<br>(67,712)<br>2,140,455<br>2,140,455<br>2,252,835|
|---|---|



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|2022|2021|
|---|---|
|£|£|
|721|533|
||=|





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|2022|2021|
|---|---|
|£|£|
|2,232|2,232|
||=|



|Unrestricted funds<br>General fund<br>TOTAL FUNDS||At1/6/21<br>£<br>2,382,618<br>2,382,618|Net<br>movement<br>infunds<br>£<br>(87,985)<br>~87,985)|At<br>31/5/22<br>£<br>2,294,633<br>2,294,633|
|---|---|---|---|---|



||Incoming|Resources|Gainsand|Movement|
|---|---|---|---|---|
||resources|expended|losses|infunds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|51,894|(72,167)|(67,712)|(87,985)|
|TOTAL FUNDS||(72,167)|~)|<br>(87,985)|



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|Unrestricted funds<br>General fund<br>TOTAL FUNDS|At 1/6/20<br>£<br>2,082,541<br>2,082,541|Net<br>movement<br>infunds<br>£<br>300,077<br>300,077|At<br>_3115/21_<br>£<br>2,382,618<br>2,382,618|
|---|---|---|---|



|Incoming<br>resources<br>£<br>Unrestricted funds<br>General fund<br>41,505<br>TOTAL FUNDS<br>41,505||Resources<br>expended<br>£<br>(66,514)<br>{66,514)|Gains and<br>losses<br>£<br>325,086<br>325,086<br>Movement<br>in funds<br>£<br>300,077<br>300,077|
|---|---|---|---|





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||2022|2021|
|---|---|---|
||£|£|
|INCOMEANDENDOWMENTS|||
|Investmentincome|||
|Income from share portfolio|51,894|41,505|
|Totalincoming resources|51,894|41,505|
|EXPENDITURE|||
|Charitableactivities|||
|Grants to institutions|48,000|48,000|
|Supportcosts|||
|Management|||
|Administrative expenses|950|552|
|Other|||
|Computer equipment|231|231|
|Governance costs|||
|Accountancy and legal fees|5,471|1,620|
|Investment management charges|17,515|16,111|
||22,986|17,731|
|Total resources expended|72,167|66,514|
|Netexpenditurebefore gainsandlosses|(20,273)|(25,009)|
|Realised recognised gainsandlosses|||
|Unrealised gains / (losses) on investment portfolio|(124,657)|318,656|
|Realised gains / (losses) on investment portfolio|56,945|6,430|
|Net(expenditure)/income|(87,985)|~|