2022-07-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to8
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement ofFinancial	Activities	10
Balance Sheet		11to 12
Notes to the Financial Statements		13to 32

		Unrestricted	Restricted	Endowment
		funds	funds	funds
	Note
Income and Endowments	from:
Donations and legacies	3	118,571	140,895		259,466	319,367
Other trading activities	4	8,659	1,200		9,859	289
Investment income	5	357	59,366	2,520	62,243	60,785
Total Income		127,587	201,461	2,520	331,568	380,441
Expenditure on:
Raising funds	6	(11,713)	(11,446)	(692)	(23,851)	(12,734)
Charitable activities	7	(36,311)	(75,544)		(111,855)	(159,493)
Other expenditure	8	(80,085)			(80,085)	(80,363)
Total Expenditure		(128,109)	(86,990)	(692)	(215,791)	(252,590)
Gains/losses on invesunent
Net (expenditure)/income Transfers between funds assets		(522) (51,792)	91,410 59,773 (23,061)	(6,143) (7,981) (7,971)	84,745 (31,032)	373,312 245,461
Net movement in funds		(52,314)	151,183	(14,124)	84,745	373,312
Reconciliation offunds Total funds brought
forward		81,876	2,329,569	132,959	2,544,404	2,171,092
Total funds carried
forward	19	29,562	2,480,752	118,835	2,629,149	2,544,404

			BALANCE	SHEET	ASAT 31JULY 2022
							2022	2021
						Note
			Fixed assets
			Tangible assets			15	1,349
			Investments			16	2,443,224	2,390,104
							2,444,573	2,390,104
			Current assets
			Stocks					1,020
			Debtors			17	21,602	5,838
			Cash at bank	and in hand			180,372	154,252
							201,974	161,110
			Creditors: Amounts		falling due within one year	18	(17,398)	(6,810)
			Net current	assets			184,576	154,300
	+	Vl	Net assets				2,629,149	2,544,404
2 LU )	Q/ Z pi tf)» 0		Funds ofthe Endowment	charity: funds			118,835	132,959
Qtr)~ Ri			Restricted income funds Restricted funds Unrestricted income funds				2,480,752	2,329,569
			Unrestricted	funds			29,562	81,876
			Total funds			19	2,629,149	2,544,404

			3 INCOME FROM DONATI	ONS AND L	EGACIES
					Unrestricted
					funds	Restricted	Total	Total
					General	funds	2022	2021
			Donations and legacies;
			Donations from individuals		9,583	118,405	127,988	83,435
			Legacies			5,000	5,000	123,612
			Gift aid reclaimed		2,453	17,490	19,943	3,048
			Grants, including capital grants;
			Grants from other charities		26,667		26,667	30,000
			Donated services and facilities		79,868		79,868	79,272
					118,571	140,895	259,466	319,367
			4 INCOME FROM OTHER	TRADING ACTIVITIES
	+	Vl			Unrestricted
2 LU )	Q/ Z pi tII » 0		Trading income;		funds General	Restricted funds	Total 2022	Total 2021
Gart~			Sales ofgoods and services		149		149	289
Ri			Other trading income Events income;			1,200	1,200
			Other events income		8,510		8,510
			5 INVESTMENT INCOME		8,659	1,200	9,859	289
				Unrestricted		Endowment
				funds	Restricted	funds	Total	Total
				General	funds	Permanent	2022	2021
			Interest receivable and similar
			income;
			Interest receivable on bank
			depostts	357			357	43
			Other interest receivable					26
			Other income from fixed asset
			investments		59,366	2,520	61,886	60,716
				357	59,366	2,520	62,243	60,785

			A) COSTSOF G	ENERATIN	G DONATI	ONS AND LEG	ACIES
							Unrestricted
							funds	Total	Total
							General	2022	2021
			Other direct costs	ofgenerating	voluntary	income	11,713	11,713	618
			B)INVESTMENT MANAGEMENT COSTS
							Endowment
						Restricted	funds	Total	Total
						funds	Permanent	2022	2021
			Other investment	management	costs;
	+	Vl	Administration	ofthe investments		11,446	692	12,138	12,116
2 LU )	Q/ Z pi tII » 0		7 EXPENDITURE ON CHARITABLE			11,446 ACTIVITIES	692	12,138	12,116
Gart~					Unrestricted
Ri					funds General	Restricted funds	Total 2022	Total 2021

7 EXPEN	DITURE	ON CH	ARITABLE A	CTIVITIES
			Unrestricted
			funds	Restricted	Total	Total
			General	funds	2022	2021
		Note
Grant funding of
activities		10	7,617	75,544	83,161	134,795
Allocated support
costs			21,274		21,274	18,511
Governance	costs	9	7,420		7,420	6,187
			36,311	75,544	111,855	159,493

			Unrestricted
			funds	Total	Total
			General	2022	2021
Staff costs
Wages and	salaries		70,043	70,043	70,315
Social security			6,445	6,445	6,726
Pension costs			3,380	3,380	3,312
Depreciation,	amortisation	and other similar costs	217	217
Other resources expended					10
			80,085	80,085	80,363

			Unrestricted funds	Total	Total
			General	2022	2021
Independent	examiner fees
Exatnination ofthe financial		statements	7,420	7,420	6,187
			7,420	7,420	6,187

Analysis	ofgrants
					Grants to	institutions	Grants to	individuals
					2022	2021	2022	2021
Analysis
Bursaries	for individuals						15,055	8,437
Additional	funding for	bursary	recipients				2,833	9,196
Bursaries	for individuals	advanced						13,066
Additional	funding for	bursary	recipients
advanced								5,836
Equipment	for West Buckland		School		16,138	11,100
West Buckland School		emergency		fund	40,000	87,160
West Buckland School		hardship	fund		9,135
					65,273	98,260	17,888	36,535

2022	2021
70,043	70,315
6,445	6,726
3,380	3,312
79,868	80,353

			15TANGIBLE FIXEDASSETS
				Furniture
				an(l
				equipment	Total
			Cost
			At 1 August 2021	4,992	4,992
			Additions	1,566	1,566
			At 31July 2022	6,558	6,558
			Depreciation
			At 1 August 2021	4,992	4,992
	+	Vl	Charge for the year	217	217
2 LU )	Q/ Z pi tII » 0		At 31July 2022 Net book value	5,209	5,209
Gart~			At 31July 2022	1,349	1,349
		dZ	At 31July 2021
		U

			Listed
			investments	Total
Market value
At 1 August 2021			2,390,104	2,390,104
Revaluation			(31,033)	(31,033)
Income and transfers	in		103,271	103,271
Management charges	and transfers	out	(19,118)	(19,118)
At 31July 2022			2,443,224	2,443,224
Net book value
At 31July 2022			2,443,224	2,443,224
At 31July 2021			2,390,104	2,390,104

17DEBTORS
	2022	2021
Trade debtors	19,250	3,938
Prepayments	2,352	1,900
	21,602	5,838
18CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2022	2021
Trade creditors	8,967	669
Accruals	8,431	6,141
	17,398	6,810

1. 2 11 11

			2022 an additional f10,551 has bee requirement.	2022 an additional f10,551 has bee requirement.	n adde	d to the	d to the	original gift	component to	satisfy this
			The investment fund and application to permanent endowment funds:		oftotal	return		d Endowment	Unapplied total return	Total
			Opening value ofendowment
			Gift component of inflation as at 1 August	permanent endowment 2021			plus	85,506		85,506
	+	Vl	Unapplied total return						47,453	47,453
2 LU )	Q/ Z pi tII » 0		Total: Movement in unapplied the year:	total return and	endowment		in	85,506	47,453	132,959
Qt/)~ Ri			Investment return: dividends and interest Investment return: recognised and unrecognised gains/(losses)						2,520 (7,971)	2,520 (7,971)
			Bursaries awarded
			Investment management	costs					(692)	(692)
			Total:						(6,143)	(6,143)
			Unapplied total return	allocated to income					(7,981)	(7,981)
			Unapplied total return inflation	allocated to gift	component		for	10,551	(10,551)
			Net movement in the	reporting period				10,551	(18,532)	(7,981)
			Closing value ofpermanent endowment
			Gift component of forward	permanent endowment		carried		96,057		96,057
			Unapplied total return						22,778	22,778
			Total					96,057	22,778	118,835

			20ANALYSIS OF NET ASSET	SBETWEEN FUNDS
							Total
				Unrestricted		Endowment	funds at
				funds	Restricted	funds	31July
				General	funds	Permanent	2022
			Tangible fixed assets	1,349			1,349
			Fixed asset investments		2,323,389	119,835	2,443,224
			Current assets	37,051	165,923	(1,000)	201,974
			Current liabilities	(8,838)	(8,560)		(17,398)
			Total net assets	29,562	2,480,752	118,835	2,629,149
							Total
				Unrestricted		Endowment	funds at
				funds	Restricted	funds	31July
				General	funds	Permanent	2021
2 LU )	+ Vl Q/ Z pi tl)» 0		Fixed asset investments Current assets Current liabilities	88,656 (6,780)	2,257,145 72,454 (30)	132,959	2,390,104 161,110 (6,810)
			Total net assets	81,876	2,329,569	132,959	2,544,404
Qtr)~

1 ANALYSIS OF NET FUNDS
	At 1August		At 31July
	2021	Cash flow	2022
Cash at bank and in hand	154,252	26,120	180,372
Net funds	154,252	26,120	180,372
	At 1August		At 31July
	2020	Cash flow	2021
Cash at bank and in hand	143,549	10,703	154,252
Net funds	143,549	10,703	154,252

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