2023-01-31-accounts - The Dame Hilary Cropper Charitable Foundation Limited

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		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	6	Io	8
Statement of Financial Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes tothe Financial Statements	13	to	19

			31Ja	nuary 2023
						2023	2022
			Unrestdictsd	Restricted	Endowment	Total	Total
			fund	funds	fund	funds	funds
		Notes	6	8		6	6
Fixed assets
Investments		10			2,620,252	2,620,252	2,332,265
Current assets
Debtors			16,911	201		17,112	2,835
Cash atbank			65,739			65,739	48,832
			82,650	201		82,851	51,667
Creditors
Amounts falling due within one
year		12	(4,000)			(4,000)	(4,027)
Net current	assets		78,650	201		78,851	47,640
Total assets	less cunent
liabilities			78,650	201	2,620,252	2,699,103	2,379,905
NET ASSETS			78,650	201	2,620,252	2,699,103	2,379,905
Funds		13
Unrestricted	funds					78,650	47,491
Restricted funds						201	149
Endowment funds						2,620,252	2,332,265
Totalfunds						2,699,103	2,379,905

			Cash Flow Statement
		for the	Year Ended 31January	2023
				2023	2022
		Notes
Cash flows from operating	activities
Cash generated from operations				425,326	(128,920)
Finance costs paid				(64)	12
Net cash provided by/(used	in) operating	activities		425,262	(128,908)
Cash flows from investing	activities
Non cash movement on investments				(517,398)
Interest received				190	107
Dividends received				98,600	76,494
Expenditure attributable to endowment				10,253	8,952
Net cash (used in)/provided	by investing	activities		(408,355)	85,553
Change in cash and cash	equivalents	in
the reporting period				16,907	(43,355)
Cash and cash equivalents	atthe
beginning ofthe reporting	period			48,832	92,187
Cash and cash equivalents	at the end	of
the reporting pedod				65,739	48,832

	Reconciliation ofn		et income	to net cash flow from operating activities
					2023	2022
					8	8
	Net income forthe		reporting	period (as per the Statement of Financial
	Activities)				319,198	58,600
	Adjustments for:
	Losses/(gain) on investments				219,158	(109,717)
	Interest received				(190)	(107)
	Finance costs					(12)
	Dividends received				(98,600)	(76,494)
	(Increase)/decrease		in debtors		(14,277)	450
	Decrease in creditors				(27)	(1,640)
	Net cash provided	by/(used		in) operations	425,326	(128,920)
2.	Analysis ofchanges		in net funds
				At 1.2.22 f	Cash flow 8	At 31.1.23
	Net cash
	Cash at bank			48,832	16,907	65,739
				48,832	16,907	65,739
	Total			48,832	16,907	65,739

								2023	2022
								6
	Charitable	expenditure						60,246	115,622
	The total	grants paid to institutions				during the year was as follows:
								2023	2022
								8	6
	Pinotage	Youth Development			Academy			59,596	114,872
	The Homestead							50	150
	Lily ofthe	Valley Children's			Home			600	600
								60,246	115,622
7.	Supportcosts
								Governance
							Management f	costs 6	Totals
	Administration						4,585	3,940	8,525
	Support costs, included		in	the above, are as follows:
								2023	2022
									Total
								Administration	activities
	Insurance							184	172
	Computer	costs						43	13
	Travel costs							4,350
	Bank charges							8	1
	Auditors'	remuneration						3,940	3,852
								8,525	4,038
8.	Net income/(expenditure)
	Net income/(expenditure)			is	stated	after charging/(crediting):
								2023	2022
									6
	Auditors'	remuneration						3,940	3,852

for the Year Ended 31Janu Fixed asset investments	ary 2023
	Listed
	investments
Market value
At 1 February 2022	2,332,265
Additions	596,863
Disposals	(443,116)
Change in Market Value	(230,508)
1ransfers into porffolio	517,398
Net movement in cash	(152,650)
At31 January 2023	2,620,252
Net book value
At 31 January 2023	2,620,252
At31 January 2022	2,332,265

	As at 31January	2023 the Historical Cost ofthe Fixed Asset Invest	ments was 62,517,488 (2022:E	1,931,730).
11.	Debtors: amounts	falling due within one year
			2023	2022
			8	6
	Accrued income			893
	Gift Aid receivable		201	1,942
	Prepayments and	accrued income	16,911
			17,112	2,835

12.	Creditors: amounts falling	due	within one	year
						2023	2022
						f	f
	Other creditors						13
	Accrued expenses					4,000	4,014
						4,000	4,027
13.	Movement in funds
						Net
						movement	At
					At 1.2.22	in funds	31.1.23
						6
	Unresb icted funds
	General fund				47,490	31,160	78,650
	Restricted funds
	Pinotage Youth Development	Academy				76	76
	The Homestead				30	(25)	5
	Lily ofthe Valley Children's	Home			120		120
					150	51	201
	Endowment funds
	Expendable Endowment				2,332,265	287,987	2,620,252
	TOTAL FUNDS				2,379,905	319,198	2,699,103
	Net movement in funds, included		in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources f	expended	losses 6	in funds f
	Unrestricted funds
	General fund			98,920	(67,760)		31,160
	Restricted funds
	Pinotage Youth Development	Academy		501	(425)		76
	The Homestead			25	(50)		(25)
	Lily ofthe Valley Children's	Home		600	(600)
				1,126	(1,075)		51
	Endowment funds
	Expendable Endowment			517,398	(10,253)	(219,158)	287,987
	TOTAL FUNDS			617,444	(79,088)	(219,158)	319,198