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|||**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**|





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|||**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**|





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|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|



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|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|





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|**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|



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





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||||
|---|---|---|
|**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|



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