2022-12-31-accounts

			Page
Council Members' report			1-3
Independent	auditor's	report	4-5
Statement of	financial	activities
Balance sheet
Statement of	cash flows
Notes to the	financial	statements	10 —14

Recipient							Purpose	Purpose
TOKKO							Towards	a minibus		36,912
Chesterton	Methodist			Church			Towards	the main timber structure for the
							community cafe			67,175
Hertfordshire	Agricultural				Society		Towards	the Hertfordshire	Schools Food and
							Farming	Day		3,000
CamCare							Towards	a minibus		45,000
The John Clements			Sports		and Community	Trust	Towards	a builders retention fee, a glass washer,
							bar fridge and oven refurbishment			7,000
Centre 33							Towards	soundproof pods	at their new centre in
							Peterborough			14,364
John Sayer Almhouses							Towards	refurbishment of	one oftheir almhouses	25,000
Houghton Regis		Memorial			Hall		Towards	replacing their fire alarm		3,564
Electric Umbrella							Towards	a wheel chair adapted minibus		40,831
Cottenham	Community			Centre			Towards	solar panels and	battery storage for
							their centre			7,000
Human Milk	Foundation						Towards	an electric vehicle		15,440
The Counselling		Foundation					Towards	new heaters and	front door for their St
							Albans	premises		18,224
Communities	First						Towards	two minibuses and one MPV		100,000
It Takes a City							Towards	four new homes for homeless people		100,000

					2022	2021
				Notes	E
Income from:
Investments					475,071	381,229
Total income					475,071	381,229
Ex enditure on:
Grants					(333,510)	(248,024)
Administration	fees				(1,050)	(1,020)
Audit services					(2,700)	(2,520)
Other services					(1,482)	(1,404)
Investment management					(230)	(230)
Total expenditure					(338,972)	(253,198)
Net gains/(losses)			on investments		(1,714,402)	1,836,285
Net movement		in funds			(1,578,303)	1,964,316
Fund balances	at	1January 2022			12,972,824	11,008,508
Fund balances	at		31December 2022		11,394,521	12,972,824

							2022		2021
						Notes
Fixed assets
Investments								11,082,109	12,496,518
Current assets
Debtors							176,584		2,100
Cash at bank and		in	hand				139,788		480,516
							316,372		482,616
Creditors: amounts			falling due within
one year							(3,960)		(6,310)
Net current	assets							312,412	476,306
Total assets	less	current			liabilities			11,394,521	12,972,824
Income funds
Designated	revaluation			reserve			3,710,394		5,261,216
General unrestricted			funds				7,684,127		7,711,608
								11,394,521	12,972,824
								11,394,521	12,972,824

					2022		2021
				Notes	f
Cash flows from operating			activities
Cash absorbed by operations				12		(515,806)		(212,651)
Investing activities
Purchase of investments					(1,507,408)		(1,885,724)
Proceeds on disposal of investments					1,300,096		965,245
Dividends and interest from		investments			475,071		381,229
Cash invested					(300,000)
Income re-invested					207,089		942,032
Charges paid					230		230
Net cash generated from	investing
activities						175,078		403,012
Net (decrease)/increase in		cash and cash
equivalents						(340,728)		190,361
Cash and cash equivalents	at		beginning	ofyear		480,516		290,155
Cash and cash equivalents		at end of		year		139,788		480,516
Relating to:
Cash at bank and in hand						139,788		480,516

		2022	2021
Listed investments:
Held within the	UK	472,623	380,674
Held outside the UK		2,448	555
		475,071	381,229
Grants payable
		2022	2021
		f	f
Grants awarded	in the year to instutions	483,510	252,654
Grants refunded	from institutions	(150,000)	(4,630)
		333,510	248,024

			2022	2021
			f
Market value at 1January 2022			12,496,518	10,682,016
Cash invested			300,000
Transfer (to)/from income account				(21,559)
Charges paid			(230)	(230)
Cash received			223	6
Movement in realised	and unrealised	gain	(1,714,402)	1,836,285
Market value at 31December 2022			11,082,109	12,496,518
Historical cost at 31December 2022			7,073,946	6,702,831
Held within the UK			11,041,874	12,465,186
Held outside the UK			40,235	31,332
			11,082,109	12,496,518

	2022	2021
		f
Persimmon 10p shares (&5% in 2022)		1,428,000
Severn Trent 97p shares	1,325,500	1,473,500
WH Smith 22.09p shares (&5% in 2022)		740,000
Experian 10cshares	1,406,500	1,089,600
Diageo 28p shares	1,825,000	2,018,000
Prudential 5p shares	563,750	637,250
Compass Group 11.05p shares	958,750	825,500
Beazley Plc 0.05p shares (&5% in 2021)	679,500
Land Securities Group 0.106666666p shares (&5% in 2021)	621,400
Tate &.Lyle 0.2916666667p shares (&5% in 2021)	711,200
Debtors
	2022	2021
Other debtors	150,000
Prepayments and accrued income	26,584	2,100
	176,584	2,100

6	Creditors: a	mou	nts falling d	ue within one year
					2022	2021
					f	f
	Other creditors					2,590
	Accruals				3,960	3,720
					3,960	6,310
7	Designated	funds
					2022	2021
					f	f
	Balance at 1January				5,261,216	3,639,248
	Add: Movement		in unrealised	gains	(1,550,822)	1,621,968
	Balance at 31December				3,710,394	5,261,216

12	Cash generated from	Cash generated from	operations	operations			2022 f.	2021 f
	(Deficit)/surpus for	the	year				(1,578,303)	1,964,316
	Adjustments for:
	Investment income	recognised		in statement	of financial	activities	(475,071)	(381,229)
	Fair value gains and	losses on investments					1,714,402	(1,836,285)
	Movements in working		capital:
	(increase)/decrease	in	debtors				(174,484)	37,837
	(Decrease)/increase	in	creditors				(2,350)	2,710
	Cash absorbed by	operations					(515,806)	(212,651)