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|||Page|
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|Directors' Report||1-3|
|independent
Fxaminer's|Report||
|Statement of Financial Activities|||
|Balance Sheet||6-7|
|Notes to the Financial Statements||8-15|
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|||||||Permanent|||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|endowment|2023|2022|
|||Notes||Funds|Funds|Funds|Total|Total|
|||||f|f|f|f|f|
|Income and endowments|||||||||
|Donations
and legacies||||||||1,000|
|Investment
income||||65,060|7,333||72,393|67,867|
|Total income||||65,060|7,333||72,393|68,867|
|Expenditure|||||||||
|Costs of raising funds|||||||||
|Investment
management||costs||||6,181|6,181|6,093|
|Charitable
activities|||||||||
|Grants|||6|57,350|9,730||67,080|50,642|
|Support Costs|||6|8,863|||8,863|9,621|
|Total expenditure||||66,213|9,730|6,181|82,124|66,356|
|Net income/(expenditure)||for the year|||||||
|before investment|gains|and transfers||(1,153)|(2,397)|(6,181)|(9,731)|2,511|
|Transfers between|funds||11|238|(6,419)|6,181|||
|Net income/(expenditure)|||||||||
|before investment|gains|and losses||(915)|(8,816)||(9,731)|2,511|
|Realised and unrealised||gains|9|(3,145)|(28,438)|(118,118)|(149,701)|153,991|
|on investments|||||||||
|Net movement
on|funds|||(4,060)|(37,254)|(118,118)|(159,432)|156,502|
|Reconciliation offunds|||||||||
|Fund balances at 1|April|2022||61,288|175,094|1,340,384|1,576,766|1,420,264|
|Fund balances at31March 2023||||57,228|137,840|1,222,266|1,417,334|1,576,766|
||||||||BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Company||No: 05009290||||
|||||||as|at 31|March 2023||||
|||||||Notes||2023|2023|2022|2022|
|||||||||E|E|E|E|
|Fixed assets||||||||||||
|Investments|||||||||1,392,193||1,544,505|
|Current assets||||||||||||
|Cash at bank||and in||hand||||26,221||33,221||
|||||||||26,221||33,221||
|Creditors: Amounts||||falling due||||||||
|within one|year|||||10||(1,080)||(960)||
|Net current|assets||||||||25,141||32,261|
|Net assets|||||||||1,417,334||1,576,766|
|Reserves||||||||||||
|Restricted funds||||||||||||
|Permanent|Endowment||||fund|13|||1,222,266||1,340,384|
|Frances Lyn|Bettridge|||||||||||
|Memorial
Trust|||fund|||12/13|||137,840||175,094|
|Unrestricted||funds||||||||||
|General fund|||||||||19,390||18,761|
|Ann Edgington|||Griffiths||fund||||37,838||42,527|
||||||||||1,417,334||1,576,766|
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|2022|2021|
|---|---|
|f|E|
||1,000|
|Investment|income|Unrestricted|Restricted|Endowment|2023|2022|
|---|---|---|---|---|---|---|
|||funds|funds|funds|Total|Total|
|||6|f|f|||
|Quoted fixed asset investments||65,060|7,333||72,393|67,867|
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|||||Permanent||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|endowment|2022|
|||Funds|Funds|Funds|Total|
|||E|E|E|E|
|Income and endowments||||||
|Donations
and legacies||1,000|||1,000|
|Investment
income||61,389|6,478||67,867|
|Total income||62,389|6,478||68,867|
|Expenditure||||||
|Costs ofraising funds||||||
|Investment
management|costs|||6,093|6093|
|Charitable
activities||||||
|Grants awarded||48,660|1,982||50,642|
|Support Costs||9,621|||9,621|
|Total expenditure||58,281|1,982|6,093|66,356|
|Net income/(expenditure)|forthe year|||||
|before investment
gains|and transfers|4,108|4,496|(6,093)|2,511|
|Transfers between
funds||(6,093)||6,093||
|Net income/(expenditure)||||||
|before investment
gains|and losses|(1,985)|4,496||2,511|
|Realised and unrealised|gains/|5,817|2,074|146,100|153,991|
|(losses) on investments||||||
|Net movement
on funds||3,832|6,570|146,100|156,502|
|Reconciliation offunds||||||
|Fund balances at 1April|2021|57,456|168,524|1,194,284|1,420,264|
|Fund balances at 31March 2022||61,288|175,094|1,340,384|1,576,766|
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|Investment|management|costs|2023f|2022f|
|---|---|---|---|---|
|Commissions|and contract|charges|6,181|6,093|
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|Grant making activities|||
|---|---|---|
||2023|2022|
||f||
|Grants|||
|Grants awarded (2023:41 in number, 2022:23 in number)|67,080|51,642|
|Grant returned||(1,000)|
||67,080|50,642|
|Support costs|||
|Trust administration|7,300|7,427|
|Governance
costs (note 8)|1,563|2,194|
|Grant making activities|75,943|60,263|
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|8|Governance|costs|||2023|2022|
|---|---|---|---|---|---|---|
||||||E|E|
||Independent|examination||fee|1,080|960|
||Directors' professional||liability insurance||413|1,117|
||Other administration||costs||70|117|
||||||1,563|2,194|
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|Investments||||
|---|---|---|---|
|||Total|Total|
|||2023|2022|
|||E|E|
|Quoted Investments||||
|Market value at 1April 2022||1,539,092|1,390,271|
|Additions||533,183|130,514|
|Proceeds ofdisposals||(572,799)|(135,684)|
|(Loss)/Gains
on revaluations|and disposals|(149,701)|153,991|
|Market value at 31March 2023||1,349,775|1,539,092|
|Cash on deposit held by investinent||||
|managers||42,418|5,413|
|Total Investments
at31March 2023||1,392,193|1,544,505|
|Historic cost||1,303,823|1,283,548|
|UK equities||329,217|626,851|
|UK fixed interest securities||139,750|68,047|
|Overseas Equities||433,425|238,044|
|Overseas fixed interest securities||20,802|80,529|
|Alternative
investments||426,581|525,621|
|Market value at 31March 2023||1,349,775|1,539,092|
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|||||Ann Edgington|||
|---|---|---|---|---|---|---|
|||||Grifflths|General|Total|
|||||fund|fund|2023|
|||||f|f|f|
||Balance at 1April 2022|||42,527|18,761|61,288|
||Net income for the year|before transfers||(1,644)|491|(1,153)|
||Transfer from restricted|Funds||100|6,319|6,419|
||Transfer to permanent|endowment|fund||(6,181)|(6,181)|
||Unrealised
Loss on investments|||(3,145)||(3,145)|
||Balance at 31March 2023|||37,838|19,390|57,228|
|12|Restricted
Income funds||||||
||Frances Lyn Bettridge Memorial Trust Fund||||||
||Balance at 1April 2022|||||175,094|
||Net expenditure
for the|year before|transfers|||(2,397)|
||1ransfer to General
Fund|||||(6,419)|
||Realised and unrealised|loss on investments||||(28,438)|
||Balance at 31March 2023|||||137,840|
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||||Permanent|||
|---|---|---|---|---|---|
||Unrestricted|Restricted|endowment|Total|Total|
||funds|fund|fund|2023|2022|
||E|f|f|f|f|
|Investments|32,087|137,840|1,222,266|1,392,193|1,544,505|
|Net current assets/(liabilities)|25,141|||25,141|32,261|
||57,228-|137,840|1,222;266|-11417,334|1,576,766|
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