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|---|---|---|---|---|---|---|---|
|Trustees'|annual<br>report (incorporating|||the|director's report)||1to2|
|Chartered|accountants|report to|the|board|oftrustees|on the preparation<br>ofthe||
|unaudited|statutory<br>financial statements|||||||
|Statement|of financial|activities|(including||income and|expenditure||
|account)||||||||
|Statement|of financial|position|||||5|
|Notes to|the financial|statements|||||6to10|





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|Year ended 31 Octob|er 2|022|||||||
|---|---|---|---|---|---|---|---|---|
||||||2022|||2021|
||||||Unrestricted||||
||||||funds|Total funds||Total funds|
|||||Note|f||f||
|Income and endowments|||||||||
|Other trading<br>activities||||5|2,676,921|2,676,921|(|2,812,046)|
|Total income|||||2,676,921|2,676,921|(|2,812,046)|
|Expenditure|||||||||
|Expenditure<br>on raising funds:|||||||||
|Costs of raising donations||and|legacies|6|9,318,014|9,318,014|||
|Expenditure<br>on charitable|activities|||7,8|1,319|1,319||16,599|
|Total expenditure|||||9,319,333|9,319,333||16,599|
|Net expenditure<br>and net|movement||in funds||( 6,642,412)<br>(|6,642,412)|(|2,828,645)|
|Reconciliation<br>offunds|||||||||
|Total funds brought<br>forward|||||35,701,318|35,701,318|38,529,963||
|Total funds canted<br>forward|||||29,058,906|29,058,906|35,701,318||





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|31October|2022|||||||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
|||||Note||||
|Fixed assets||||||||
|Investments||||12||4,001,252|3,852,321|
|Current assets||||||||
|Debtors||||13|25,058,674||31,850,017|
|Creditors: amounts||falling|due within one year|14|1,020||1,020|
|Net current|assets|||||25,057,654|31,848,997|
|Total assets|less current||liabilities|||29,058,906|35,701,318|
|Net assets||||||29,058,906|35,701,318|
|Funds ofthe charity||||||||
|Unrestricted|funds|||||29,058,906|35,701,318|
|Total charity|funds|||15||29,058,906|35,701,318|





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|7.Expenditure<br>on charitable|7.Expenditure<br>on charitable|7.Expenditure<br>on charitable|7.Expenditure<br>on charitable|activities|activities|activities|by fund type|by fund type|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Unrestricted||Total Funds|Unrestricted||Total Funds|
|||||||||||Funds|2022||Funds|2021|
|||||||||||||||E|
|Grants|for students||attending||Universities|||in|||||||
|the UK|and|abroad.|||||||||||15,399|15,399|
|Support|costs|||||||||1,319|1,319||1,200|1,200|
|||||||||||1,319|1,319||16,599|16,599|
|8.Expenditure<br>on charitable||||activities|||by activity type||||||||
|||||||||||||Total|funds||
||||||||||||Support costs||2022 Total fund 2021||
|Grants|for students||attending||Universities|||in the|UK and||||||
|abroad.||||||||||||||15,399|
|Governance||costs|||||||||1,319||1,319|1,200|
||||||||||||1,319||1,319|16,599|
|9.Analysis<br>of grants|||||||||||||||
||||||||||||2022||2021||
||||||||||||||6||
|Grants to individuals|||||||||||||||
|Grants to individuals||||||||||||15,399|||
|Total grants||||||||||||15,399|||
|10.Staff costs|||||||||||||||
|The total staff|costs and employee||||benefits for|||the reporting||period are analysed as follows:|||||
||||||||||||2022||2021||
|The average|head|count|ofemployees|||during<br>the year|||was|4 (2021:4 ).The average||number|offull-time|equivalent|
|employees<br>during||the year is||analysed||as follows:|||||||||
||||||||||||2022||2021||
||||||||||||No.||No.||
|Number<br>of staff -||management|||||||||||||





|12.Investments|Shares<br>in group<br>undertakings<br>f|
|---|---|
|Cost or valuation||
|At 1 November<br>2021|3,852,321|
|Additions||
|Fair value movements|148,931|
|At 31October 2022|4,001,252|
|Impairment||
|At 1 November<br>2021 and 31 October 2022||
|Carrying<br>amount||
|At 31October 2022|4,001,252|
|At 31 October 2021|3,852,321|



|accounts<br>and has not <br>13.Debtors|do|ne so, therefore the accounts show inf|ormation<br>about the co|mpany as an|
|---|---|---|---|---|
||||2022|2021|
|Other debtors|||25,058,674|31,850,017|
|14.Creditors: amounts||falling due within one year|||
||||2022|2021|
|Accruals and deferred|income||1,020|1,020|





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||||At 1 November|At 1 November|||At 31October|
|---|---|---|---|---|---|---|---|
|||||2021|Income|Expenditure|2022|
|||||||f||
|General funds||||35,701,318|2,676,921|(9,319,333)|29,058,906|
||||At|1 November|||At 31 October|
|||||2020|Income|Expenditure|2021|
|||||E|E|f|f|
|General funds||||38,529,963|(2,812,046)|(16,599)|35,701,318|
|16.Analysis of net assets between funds||||||||
|||||||Unrestricted|Total Funds|
|||||||Funds|2022|
|Tangible|fixed assets|||||4,001,252|4,001,252|
|Current|assets|||||25,058,674|25,058,674|
|Creditors|less than|1 year||||(1,020)|(1,020)|
|Net assets||||||29,058,906|29,058,906|
|||||||Unrestricted|Total Funds|
|||||||Funds|2021|
|||||||E|E|
|Tangible|fixed assets|||||3,852,321|3,852,321|
|Current|assets|||||31,850,017|31,850,017|
|Creditors|less than|1 year||||(1,020)|(1,020)|
|Net assets||||||35,701,318|35,701,318|