||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|6| |Report ofthe Independent
Auditors||7|to|9| |Statement ofFinancial
Activities|||10|| |Balance Sheet||||| |Cash Flow Statement|||12|| |Notes to the Cash Flow Statement||||| |Notes to the Financial Statements||14|to|22| |Detailed Statement
of Financial|Activities||23|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2023|2022| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total|Total| ||||||funds|fund|funds|funds| |||||Notes||||| |INCOME AND ENDOWMENTS|||FROM|||||| |Donations
and legacies|||||531,333|612,378|1,143,711|55,531| |Investment
income|||||16,077||16,077|12,833| |rotaI|||||547,410|612,378|1,159,788|68,364| |EXPENDITURE ON||||||||| |Raising funds|||||15,275||15,275|4,700| |Charitable
activities||||||||| |Charitable
activity|||||54,384||54,384|36,277| |Total|||||69,659||69,659|40 977| |NKT INCOME|||||477,751|612,378|1,090,129|27,387| |Transfers
between|funds|||15|600,000|~600,000)||| |Net movement
in funds|||||1,077,751|12,378|1,090 129|27,387| |RKCONCILIATION||OF FUNDS||||||| |lotal funds brought||forward|||1,361,938|26,500|1,388,438|1,361,051| |TOTAL FUNDS CARRIED I ORWARD|||||2,439,689|38,878|2478,567|1,388,438| ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||funds|fund|funds|funds| |||Notes||||| |FIXED ASSEt.TS||||||| |Heritage
assets||11|2,186,913||2,186,913|848,662| |CURRENT ASSETS||||||| |Debtors||12|113,029||113,029|13,734| |Investments||13|113,913||113,913|308,535| |Cash at bank|||39,031|38,878|77,909|227,792| ||||265,973|38,878|304,851|550,061| |CREDITORS||||||| |Amounts
falling due within|one year|14|(13,197)||(13,197)|(10,285)| |NET CURRENT ASSETS|||252,776|38,878|291,654|539,776| |TOTAL ASSETS LESSCURRENT||||||| |LIABILITIES|||2,439,689|38,878|2,478,567|1,388,438| |NET ASSETS|||2,439,689|38,878|2,478,567|1,388,438| |FUNDS||15||||| |Unrestricted
funds|||||2,439,689|1,361,938| |Restricted funds|||||38,878|26,500| |TOTAL FUNDS|||||2,478,567|1,388,438| ## ## ||||2023|2022| |---|---|---|---|---| |||Notes||| |Cash flows from operating
activities
Cash generated
from operations|||988,195|43,060| |Net cash provided
by operating
activities|||988,195|43,060| |Cash flows from investing|activities|||| |Purchase ofheritage
assets|||(1,338,251)|| |Sale ofcurrent asset investments|||200,000|| |Purchase ofcurrent asset investments|||(5,378)|(1,885)| |Interest received|||5,551|2,058| |Net cash (used in)/provided|by investing|activities|~1,138,078 3|173| |Change
in cash and cash
the reporting
period|equivalents|in|(149,883)|43,233| |Cash and cash equivalents
beginning
ofthe reporting|at the
period||227,792|184,559| |Cash and cash equivalents
the reporting
period|at the end|of|77,909|227,792| ## ## ## |RECONCILIATION|RECONCILIATION|OF NET INCOME TO NE1.T CASH FLOW FROM|OF NET INCOME TO NE1.T CASH FLOW FROM|OPERATING|| |---|---|---|---|---|---| |ACTIVITIES|||||| |||||2023|2022| |Net income for the reporting
Activities)|||period (as per the Statement of Financial|1,090,129|27,387| |Adjustments
for:
Interest received||||(5,551)|(2,058)| |Increase
in debtors||||(99,295)|9,714| |increase
in creditors||||2,912|8,017| |Net cash provided|by operations|||988,195|43,060| |ANALYSIS OF CHANGES|||IN NET FUNDS||| ||||At 1.4.22|Cash flow|At 31.3.23| |Net cash|||||| |Cash at bank|||227,792|149,883|77,909| ||||227,792|149,883|77,909| |Liquid resources|||||| |Deposits included
in cash
Current
asset investments|||308,535|~194,622|113,913| ||||308,535|~194,622|113,913| |Total|||536,327|~344,606|191,822| ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| |Donations||||||971,200|55,531| |Legacies||||||3,750|| |Grants||||||168,761|| |||||||1,143,711|55,531| |Grants received,||included||in the|above, are as follows:||| |||||||2023|2022| |The Ernest Kleinwort|||Charitable||Trust|50,000|| |The F Glenister||Woodger||Trust||18,400|| |Garfield|Weston|Foundation||||100,000|| |Other grants||||||361|| |||||||168,761|| |3.|INVESTMKNT|INVESTMKNT|INCOME|INCOME|||| |---|---|---|---|---|---|---|---| |||||||2023|2022| ||Rents received|||||10,526|10,775| ||Deposit account interest|||||173|173| ||Investment|income||||5,378|1,885| |||||||16,077|12,833| |4,|RAISING|FUNDS|||||| ||Raising donations|||and legacies|||| |||||||2023|2022| ||Fundraising|costs||||15,275|4,700| |5.|CHARITABLE||ACTIVITIES COS'I'S||||| ||||||Direct|Support|| ||||||Costs (see|costs (see|| ||||||note 6)|note 7)|Totals| ||Charitable|activity|||42,427|11,957|54,384| |6.|DIRECT|COSTS||Ol CHARITABLF. ACTIVITIES|||| |||||||2023|2022| ||Staff costs|||||35,681|29,843| ||Insurance|||||102|408| ||Publicity|||||2,659|1,171| ||Office costs|||||3,259|754| ||Website costs|||||726|725| |||||||42,427|32,901| |7.|SUPPORT COSTS||||||| ||||||||Governance| ||||||||costs| ||Charitable|activity|||||11,957| ## ## |Support|costs, included|costs, included|in the above, are as follows:|2023|2022| |---|---|---|---|---|---| |||||Charitable|Total| |||||activity|activities| |Auditors'|remuneration|||4,000|| |Independent
L,egal fees||Examiner|fees|180
7,777|2,376
1,000| |||||11,957|3,376| ## |2023|2022| |---|---| |4,000|| ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| |Wages and salaries
Social security costs
Other pension costs|||||31,506
3,230
945|26,595
2,450
798| ||||||35,681|29,843| |The average|monthly|number ofemployees|during|the year was as follows:||| ||||||2023|2022| |Administration|||||1|1| ## |11.|HERITAGE ASSETS||| |---|---|---|---| ||||Total| ||MARKET VALUE||| ||At 1st Apri!2022||848,662| ||Additions||1,338,251| ||At 31st March 2023||2,186,913| ||NE1 BOOK VALULr||| ||At 31st March 2023||2,186,913| ||At 31st March 2022||848,662| ||Heritage
assets recognised
on the Balance Sheet||Cost| ||Property
Seaview Road, Hayling
Island (acquired|2008)|20,000| ||Waterside
Meadow,
Apuldram
(acquired|2009)|100,000| ||Maybush
Copse, Chidham
(acquired 2009)||215,000| ||Sandy Point Lagoon, Hayling
Island (acquired 2012)||6,000| ||Field at Wittering
Road, Itchenor (acquired 2018)||178,823| ||Prinsted
Land, Prinsted
(acquired 2019)||277,877| ||Oyster Quay, Pook Lane, Warblington
(acquired 2019)
Marina
Farm, Thorney
Road, Emsworth
(acquired 2022)||50,962
328,666| ||Tournerbury
Farm, I-Iayling
Island (acquired 2022)||1,009,585| ||||2,186,913| ## ## ## ## |12.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE|YEAR|| |---|---|---|---|---| ||||2023|2022| ||Tax recoverable||102,946|9,750| ||Prepayments|and accrued income|10,083|3,984| ||||113,029|13,734| |13.|CURRENT|ASSET INVESTMENTS||| ||||2023|2022| ||Unlisted
inv|estments|113913
1|308 535| ## |||2023|2022| |---|---|---|---| |Trade creditors||7,847|7,688| |Other creditors||200|221| |Accruals
and deferred|income|5,150|2,376| |||13,197|10,285| ## |MOVEM|E|NT
IN|FUNDS||||| |---|---|---|---|---|---|---|---| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1.4.22|in funds|funds|31.3.23| |Unrestricted||funds|||||| |General|fund|||493,276|477,751|(738,251)|232,776| |Fixed Asset||Fund||848,662||1,338,25 1|2,186,913| |General|operating||fund|20 000|||20 000| |||||1,361,938|477,751|600,000|2,439,689| |Restricted||funds|||||| |Fighting|Fund|||26,500|612,378|(600,000)|38,878| |TOTAI,|FUNDS|||1,388,438|1,090, 129||2,478,567| |Net movement
in funds,
included
in the abo|ve are as follows:||| |---|---|---|---| ||1riconllrlg|Resources|Movement| ||resources|expended|in funds| |Unrestr icted funds|||| |General
fund|547,510|(69,659)|477,751| |Restricted
funds|||| |Fighting
1 und|612,378||612,378| |TOTAL FUNDS|1,169,788|~69,659)|1,090, 129| ## ## |Compara|tive|s
for|movement
in funds|||| |---|---|---|---|---|---|---| ||||||Net|| ||||||movement|At| |||||At 1.4.21|in funds|31.3.22| |Unrestricted||funds||||| |General|fund|||492,389|887|493,276| |Fixed Asset||Fund||848,662||848,662| |General|operating||fund|20,000||20,000| |||||1,361,051|887|1,361,938| |Restricted||funds||||| |Fighting|Fund||||26,500|26,500| |TOTAL|FUNDS|||1,361,051|27,387|1,388,438| |Comparati|ve
net movement
in funds,
include|d
in the above are as follows:||| |---|---|---|---|---| |||incoming|Resources|Movement| |||resources|expended|in funds| |Unrestricted
funds||||| |General|fund|41,864|(40,977)|887| |Restricted
funds||||| |Fighting|Fund|26,500||26,500| |TOTAL|FUNDS|68,364|L40,977)|27,387| |A current|ye|ar 12|months
and prior y|ear 12 months
combined
po|sition
is as follo|ws:|| |---|---|---|---|---|---|---|---| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1.4.21|in funds|funds|31.3.23| |Unrestricted||funds|||||| |General|fund|||492,389|478,638|(738,251)|232,776| |Fixed Asset||Fund||848,662||1,338,251|2,186,913| |General|operating||fund|20,000|||20,000| |||||1,361,051|478,638|600,000|2,439,689| |Restricted||funds|||||| |Fighting|Fund||||638,878|(600,000)|38,878| |TOTAL FUNDS||||1,361,051|1,117,516||2,478,567| ## |as follow|s:|||| |---|---|---|---|---| |||Incoming|Resources|Movement| |||resources|expended|in funds| |Unrestricted
funds||||| |General|fund|589,274|(110,636)|478,638| |Restricted
funds||||| |Fighting|Fund|638,878||638,878| |TOTAL|FUNDS|1,225, 152|~1113,636)|1,117,516| ## ## ## ## ## ||||2023|2022| |---|---|---|---|---| |INCOME AND|ENDOWMENTS|||| |Donations
and
Donations|legacies||971,200|55,531| |Legacies
Grants|||3,750
168,761|| ||||1,143,711|55,531| |Investment
income||||| |Rents received|||4,499|10,775| |Deposit account interest
Investment
income|||173
5,378|173
1,885| ||||10,050|12,833| |Total incoming|resources||1,153,761|68,364| |EXPENDITURE||||| |Raising donations
and legacies
Fundraising
income|||15,275|4,700| |Charitable
activities||||| |Wages
Social security
Pensions|||31,506
3,230
945|26,595
2,450
798| |Insurance|||102|408| |Publicity
Office costs|||2,659
3,259|1,171
754| |Website costs|||726|725| ||||42,427|32,901| |Support costs||||| |Governance|costs|||| |Auditors'
remuneration|||4,000|| |Independent
Legal fees|Examiner|fees|180
7,777|2,376
1,000| ||||11,957|3,376| |Total resources expended|||69,659|40,977| |Net income|||1,084, 102|27,387|