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2023-03-31-accounts

	Contents ofthe Financial Statements
	FOR THE YEAR ENDED 31 MARCH 2023
			Page
Report ofthe	Trustees	I	to	3
Independent	Examiner's Report
Statement of	Financial Activities
Balance Sheet
Notes to the	Financial Statements	7	Io	12
Detailed Statement of Financial Activities			13

					2023	2022
			Unrestricted	Endowment	Total	Total
		Notes	funds f	funds 8	funds 6	fundsf
INCOME AND ENDOWMENTS	FROM
Investment income			61,735		61,735	60,366
EXPENDITURE ON
Charitable activities
Educational support			12,810		12,810	91,726
Net gains/(losses) on investments				(113,292)	(113,292)	175,051
NET INCOME/(EXPENDITURE)			48,925	(113,292)	(64,367)	143.691
RECONCILIATION OF FUNDS
Total funds brought forward			37,653	2,106,320	2,143,973	2,000,282
TOTAL FUNDS CARRIED FORWARD			86,578	1,993,028	2,079,606	2,143,973

							2023	2022
				Unrestricted		Endowment	Total	Total
				funds		funds	funds	funds
			Notes	6		E	6	E
FIXEDASSETS
Investments						1,993,028	1,993,028	2,095,294
CURRENT ASSETS
Debtors					740		740	1,327
Cash at bank				91,653			91,653	52,737
				92,393			92,393
CREDITORS
Amounts falhng due within		one year	9	(5,815)			(5,815)	(5,385)
NET CURRENT ASSETS				86,578			86,578	48,679
TOTAL ASSETSLESSCURRENT LIABILITIES				86,578		1,993,028	2,079,606	2,143,973
NET ASSETS				86,578		1,993,028	2,079,606	2,143,973
FUNDS			10
Unrestricted funds:
General Fund							47,078	35,153
Astro Turf Replacement		Fund					10,000
School's Swimming	Pool	Fund					5,000	2,500
Educational Support	Fund						24,500
							86,578	37,653
Endowment funds:
Endowment Funds	- At Cost						971,933	971,933
Investment Revaluation		Reserve					1,021,095	1,134,387
							1,993,028	2,106,320
TOTAL FUNDS							2,079,606	2,143,973

CHARITABL	E	ACTIVITIES COS	TS
					Grant
					funding of
					activities	Support
					(see note	costs (see
					4)	note 5)	Totals
					E	E	E
Educational	support				3,400	9,410	12,810
GRANTS PAYABLE
						2023	2022
							E
Educational	support					3,400	83,850
The total grants		paid to institutions	dunng	the year was as follows:
						2023	2022
						E	E
King Charles	1	School					80,000

Dunng the	year grants	year grants	were awarded	to 19 individuals.	Although	no grants	were paid	to the School during	to the School during	the
year, the Balance		sheet does refer to		E34,500 of funds	which were	not only	designated,	but actually	paid across
subsequent	to the	year	end date
SUPPORT COSTS
									Governance
									costs
									E
Educationalsupporl									9,410
Support costs, included			in the above, are as follows
Governance costs
							2023		2022
							Educational		Total
							sUpport		activities
								E	E
Accountancy								2,130	2,047
Clerks fees	and disbursements							4,805	4,800
Trustee indemnity		insurance						1,127	1,029
Other legal	fees							1,348
								9,410	7,876

FIXEDA	SSET IN	VESTME	NTS
						COIF	COIF
						Property	Chanties
					Land at	Fund	Investment
					Hoo Farm E	Uiiits f	Fund f	Totals 6
MARKET VALUE
At 1 Apnl	2022				87,500	308,017	1,699,777	2,095,294
Additions							11,026	11,026
Revaluations						(48,867)	(64,425)	(113,292)
At 31 March 2023					87,500	259,150	1,646,378	1,993,028
NET BOOK VALUE
At 31 March 2023					87,500	259,150	1,646,378	1,993,028
At 31 March 2022					87,500	308,017	1,699,777	2,095,294
The analysis ofinvestment			assets is detailed below.
Cost or valuation		at 31 March 2023 is represented		by:
						COIF	COIF
						Property	Charities
					Land at	Fund	Investment
					Hoo Farm	Units	Fund	Totals
					6	5	5	5
Valuation	in 2023					(48,867)	(64,425)	(113,292)
Valuation	in 2022					40,010	135,041	175,051
Valuation	in 2021					(6,055)	267,970	261,915
Valuation	in 2020					(7,384)	(42,404)	(49,788)
Valuation	in 2019					3,466	97,945	101,411
Valuation	in 2018				74,790	3,733	21,760	100,283
Valuation	in 2017					(4,049)	176,838	172,789
Valuation	in 2016					8,422	(52,504)	(44,082)
Valuation	in 2015					15,547	104,093	119,640
Valuation	in 2014					(8,957)	306,125	297,168
Cost					12,710	263,284	695,939	971,933
					87,500	259,150	1,646,378	1,993,028
Histoncal	cost:
			At	31	March	At 31 March
				2023		2022
					6	2
Land at Hoo Farm					12,710	12,710
COIF Property Fund Units					263,284	263,284
COIF Investment		Fund Units			695,939	684,913
Total					971,933	960,907

The porff	o	lio ofCOIF investments i	s split as below, all of	which
			Capital	at 31
			March	2023
			'Yo
UK Equities				8.0
Overseas		Equities		63.41
Property	I	Other assets		15.99
Cash				4.76
Fixed Interest				7.84
				100.0

								2023	2022
								6	5
Other debtors								740	1,327
CREDITORS: AMOUNTS					FALLING DUE WITHIN ONE YEAR
								2023	2022
								6	f
Other creditors								5,815	5,385
MOVEMENT		IN FUNDS
							Net	Transfers
							movement	between	At
						At 1.4 22	in funds	funds	31.3.23
						5	E	5	5
Unrestricted		funds
General Fund						35,153	48,925	(37,000)	47,078
Astro Turf Replacement				Fund				10,000	10,000
School's Swimming			Pool		Fund	2,500		2,500	5,000
Educational		Support	Fund					24,500	24,500
						37,653	48,925		86,578
Endowment		funds
Endowment		Funds	- At Cost			971,933			971,933
Investment	Revaluation			Reserve		1,134,387	(113,292)		1,021,095
						2,106,320	(113,292)		1,993,028
TOTAL FUNDS						2,143,973	(64,367)		2,079,606

Net moveme	nt	in fu	nds,	include	d in the above	are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
						E		6	6
Unrestricted		funds
General Fund						61,735	(12,810)		48,925
Endowment		funds
Investment	Revaluation			Reserve				(113,292)	(113,292)
TOTAL FUNDS						61,735	(12,810)	(113,292)	(64,367)
Comparatives		for	movement		in funds
							Net	Transfers
							movement	between	At
						AI 1.4.21	in funds	funds	31.3.22
						6	6	6	6
Unrestricted		funds
General Fund						9,013	26,640	(2,500)	35,153
School's Swimming			Pool Fund			60,000	(60,000)	2,500	2,500
						69,013	(31,360)		37,653
Endowmentfunds
Endowment	Funds		- At	Cost		971,933			971,933
Investment	Revaluation			Reserve		959,336	175,051		1,134,387
						1,931,269	175,051		2,106,320
TOTAL FUNDS						2,000,262	143,691		2,143,973

Compara	tive	net mo	vem	ent in funds, includ	ed in the above are as	follows:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
						6	6
Unrestricted		funds
General	Fund				60,366	(31,726)		28,640
School's	Swimming		Pool Fund			(60,000)		(60,000)
					60,366	(91,726)		(31,360)
Endowment		funds
Investment		Revaluation		Reserve			175,051	175,051
TOTAL	FUNDS				60,366	(91,726)	175,051	143,691

		2023	2022
		5
INCOME AND ENDOWMENTS
Investment income
Rents received		443	442
Income from listed investments		60,931	59,916
Interest receivable		361	8
		61,735	60,366
Total incoming resources		61,735	60,366
EXPENDITURE
Charitable activities
Grants to institutions			80,000
Grants to individuals		3,400	3.850
		3,400	83,850
Support costs
Governance costs
Accountancy		2,130	2,047
Clerks fess and disbursements		4,805	4,800
Trustee indemnity insurance		1,127	1,029
Other legal fees		1,348
		9,410	7,876
Total resources expended		12,810	91,726
Net Incomef(expenditure) before gains and
losses		48,925	(31,360)
Realised recognised	gains and losses
Realised gainsl(losses)	on fixed asset
investments		(113,292)	175,051
Net (expenditure)/Income		(64,367)	143,691