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|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|
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|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|
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||||||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|
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||||||||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|
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||||||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|
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|||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|
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||||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|
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|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|
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|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)|