2022-04-05-accounts

		2022	2021
	Notes
Fixed Assets
Investments −Equities	8&9	5,872,168	5,505,206
−Freehold Property	10	462,350	462,350
−Leasehold Property	11	184,901	184,901
Office equipment	12	9	11
Total Fixed Assets		£6,519,428	£6,152,468
Current Assets
Secured loans	13	15,000	15,000
Short term deposits	14	1,474,024	1,397,797
Debtors	15	1,888	554
Cash at Bank and in hand		97,043	141,323
Total Current Assets		1,587,955	1,554,674
Liabilities:
Creditors falling due within one year	16	10,130	10,481
Net Current Assets		£1,577,825	£1,544,193
Net Assets		£8,097,253	£7,696,661
Total Funds		£8,097,253	£7,696,661

		2022	2021
	Notes
		£	£
Incoming Resources
Investment income	4	117,212	112,678
Realised gains on investments	7	19,581	55,651
Rental Income	5	5,724	8,724
Total Incoming Resources		£142,517	£177,053
Resources expended
Charitable activities	6	90,905	80,056
Total resources expended		£90,905	£80,056
Net incoming resources before other
recognised gains		51,612	96,997
Other recognised gains and losses
Unrealised gains/(losses) on investment assets	8 & 10	348,980	1,150,251
Net movement on funds		400,592	1,247,248
Fund Balance brought forward 6 April 2021		£7,696,661	£6,449,413
Fund Balance carried forward at 5 April 2022		£8,097,253	£7,696,661

was £600 (2021 −£600).
			2022	2021
Note 4 −Investment Income
Interest received on short term deposits			127	1,478
Bank interest			13	146
Dividends			117,072	111,054
			£117,212	£112,678
Note 5 −Rental Income
	Freehold	Leasehold	2022	2021
	10 Gables	5 Ryman Court	Total	Total
Rent Received	3,000	2,724	5,724	8,724
Less expenditure:
Letting Fees		103	103	458
Maintenance				645
Insurance	336		336	495
Rent		638	638	424
Service charge		2,280	2,280	2,472
	336	3,021	3,357	4,494
Net Rental Income	£2,664	−£297	£2,367	£4,230
Note 6 −Charitable Activities
Grants made			39,800	35,700
Support costs:
Property cost (see note 5)			3,387	4,494
Portfolio management fees			42,571	35,214
Office and administration			2,150	1,650
Depreciation of office equipment			2	3
Accountancy fees			2,395	2,395
Independent examination			600	600
Net Rental Income			£90,905	£80,056

Valuation at 5 April 2021	804,863	292,731
Cost in year of investments realised	1,701	2,182
Realisation proceeds	826,145	350,564
	£19,581	£55,651

Note 8 −Unrealised losses on Investment Assets	2022	2021
Value of investments held 5 April 2021	5,505,206	4,228,464
Value of investments realised in the year	−806,564	−294,913
Cost of investments made in the year	824,546	421,404
	£5,523,188	£4,354,955
Value of investments held 5 April 2022	£5,872,168	£5,505,206
Unrealised (losses)/gains during the year	£348,980	£1,150,251
Note 9 −Investments at Cost
Portfolio managed by Smith & Williamson	£4,238,462	£4,026,704

Note 10 −Freehold Property	1/3 share
	8 Kingscroft Rd
	Leatherhead	10 Gables
	Surrey	Leighton Buzzard	Total
VALUATION at 5 April 2021	120,000	£342,350	462,350
Additions during the year
COST at 5 April 2022	£120,000	£342,350	£462,350

Note 11 −Leasehold Property	5 Rymans Co Didcot, Oxford
Cost at 5 April 2021	£184,901
Expenditure during the year
COST at 5 April 2022	£184,901

Note 12 −Office Equipment	2022	2021
Cost aft 5 April 2021	£4,307	£4,307
Cost at 5 April 2022	£4,307	£4,307
Depreciation at 5 April 2021	4,296	4,293
Charge for the year	2	3
Depreciation at 5 April 2022	£4,298	£4,296
Written down value 5 April 2022	£9	£11
Note 13 −Secured Loans
The loans which are secured on freehold property are:
10 Stringwalk, Hai!sham, East Sussex 8H27 2DA	£15,000	£15,000
Note 14 −Short Term Deposits
Smith & Williamson	362,334	286,235
Barclays Wealth Saving	1,111,690	1,111,562
	£1,474,024	£1,397,797
Note 15— Sundry Debtors
Prepaid expenses	£1,888	£554
Note 16 −Sundry Creditors
Accrued expenses	7,295	7,646
Funds to publish books	2,835	2,835
	£10,130	£10,481