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|Page||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Report||ofthe||trustees|||||||||
||Independent|||auditor's<br>report||||||||||
||Consolidated||||statement offinancial|activities||||||||
|16|Balance sheets|||||||||||||
|17|Consolidated||||statement ofcash flows|||||||||
|18|Notes||forming||part ofthe financial|statements||||||||
|Legal and administrative||||information||||||||||
|Patron|||||HRH The Princess Royal|||||||||
|Vice Patrons|||||C Balding CBE||||P M Scudamore MBE|||||
||||||J Francome MBE||||L Dettori MBE|||||
||||||Rachel Lady Oaksey|||||||||
|President|||||Sir AP McCoy OBE|||||||||
|Vice Presidents|||||J Berry MBE||||J BScott MBE|||||
|Directors|and Trustees||||W Norris KC (Chairman)||||S Durcan|||||
||||||EChamberlin<br>(Vice Chairman)||||C Fairley|||||
||||||D Burke||||M Caulfield||- resigned|25|October 2023|
||||||A Thornton||||N Rust OBE|||||
||||||M Foy||||CTrotter-|appointed||25 April 2022||
||||||G Baker||||P Walker-|appointed||24 January 2023||
||||||J Redfern||||T Scudamore||—appointed||25 April 2023|
|Chief Executive and||Company|||L Hancock|||||||||
|Secretary||||||||||||||
|Finance Director|||||L S Watson|||||||||
|Trading Manager|||||P Tap(in|||||||||
|Registered|and principal||oflice||Peter O'Sul leven House,||7A Newmarket|Road. Newmarket,<br>Suffolk, CB8||||7NU||
|Registered|Charity|Number|||l(07395|||||||||
|Company|Number||||5298320|||||||||
|Auditor|||||PEM, Salisbury<br>House,|Station Road, Cambridge, CBI 2LA||||||||
|Investment|Advisor||||Schroder &Co Ltd (Trading as Cazenove|||Capital Management),|||I London|Wall Pl, London EC2Y 5AU||
|Bankers|||||Barclays Bank Pic, 58|High Street, Newmarket,|||Suffolk, CB88GL|||||
|Solicitors|||||Farrer &Co, 66 Lincoln's||lnn Fields, London,||WC2A 3LH|||||
||||||Edmondson<br>l-lail, 25 Exeter Road, Newmarket,||||Suffolk, CB88AR|||||
||||||Hewitsons,<br>Shakespear|House, 42 Newmarket|||Road, Cambridge,||CB58EP|||





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|||||||||||||Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Itnrestricted|Restricted|Non-Charitable||Total|2022|
|||||||Note|Funds|Funds|Trading|Funds|2023|(note 24)|
|||||||||5||||5|
|income from:|||||||||||||
|Lrgoc/es,<br>doaonons ond grouts|||||||||||||
|- Legacies|||||||2,667,091|10,000|||2,677,091|1,707,119|
|- Donations|||||||1,152a72|426,160|||IJ79,032|1,576,914|
|- Grants||||||||||||5,911|
|Cirordobieoarwnes;|||||||||||||
|-Oakseyhouse<br>income|||||||69,191||||69,191|54,809|
|-Jack Berry house mcome|||||||35,710||||35,710|29,927|
|-Peter O'Sullevan<br>House|||||||73,603||||73,603|67,751|
|Caber/rcd/ug<br>odrvriiesr|||||||||||||
|- Commerctal<br>tradtngoperatrons|||||||||$75382||87R282|923,275|
|/nvesnnevis||||||3|887,402||||8$7,402|645,385|
|Total income|||||||4,885J69|436,160|875382||6,197JI I|5,011,091|
|Expenditure<br>on:|||||||||||||
|Rotsrng funds'|||||||||||||
|- Fundraising<br>costs|||||||7R193||||TRI93|107,528|
|- Commercial<br>trading operauons||||||2|121,000||64$,728||769,728|824,652|
|- Investment<br>costs|||||||157,945||||157,945|157,459|
|Cirawrobie<br>ociivrrres.|||||||||||||
|- Oaksey House costs|||||||883J17|107,950|||991367|970.797|
|-Jack Berry House costs|||||||563370|219,775|||783,145|716,478|
|- Peter O'Sullevan<br>House costs|||||||7fr5,$97|107375|||863,172|768,492|
|.South West Hub costs|||||||34,276|960|||3R236||
|- Ahnoner<br>and other pastoral|care|||cosls|||596,%31|40,000|||636,531|545930|
|- Grants and amounts<br>paid on||behalf of|||||||||||
|Bcncficiaries|||||||9S1,075|500|||981575|787.4$9|
|.Jockeys Employment<br>Training|||Scheme||||103380||||103,280|102,867|
|- R and E Hitchins<br>Holiday|||||||205369||||205,269||
|Total expenditure||||||5|4,477,153|476,460|648,728||R602J41|4,981,692|
|Gains on Charitable<br>hlortgage||||Advances||||||||46,916|
|Profit on sale ofFixed Assets|||||||265,979||||265,979|378,035|
|Net (losses)/gains<br>on investments||||for the|year|12|(I,528349)||||(1,52$J49)|2,198,333|
|Net income/(expenditure)|for||the year||||($53,654)|(40JOO)|226854||(667,400)|2,652,683|
|Transfer<br>in respect oftrading||subsidiary's|||donauon,||||||||
|management<br>charge and interest|||||||219,481||(219,481)||||
|Net movemcnt<br>in funds|||||||(634,173)|(40JOO)|7,073||(667,400)|2,652,6$3|
|Reconciliation offunds|||||||||||||
|Total funds brought<br>forward|||||||57,507,255|90,985|145,864||57,744,104|55,091,421|
|Total funds carried forward||||||17|56,873,082|50,685|152,937||57,076,704|57,744,104|





## 

||||Note||Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||8|||6|
|Fixed assets||||||||
|Intangible<br>assets|||10|292812|326,161|292,212|326,161|
|Tangible assets|||I I|15,664,813|15,892,146|15,664,813|15,892,146|
|Investments|||12|34,436810|35,414,263|34,436412|35,414,265|
|Charitable<br>mortgage|advances||13|3463,980|3,288,980|3,263,980|3,288,980|
|Total fixed assets||||53,657,515|54,921,550|53,657,517|54,921,552|
|Current<br>assets||||||||
|Stocks|||14|127343|155,474|||
|Debtors|||15|840,736|847,484|1,110,054|991,111|
|Cash at bank and in|hand|||2,849,576|2,154,345|2,447,061|1,991,311|
|Total current assets||||3,817,655|3,I57,303|3,557,115|2,982,422|
|Creditors: amounts|falling due within|one||||||
|year|||16|(398,466)|(334,749)|(290,865)|(305,734)|
|Net current<br>assets||||3,419,189|2,822,554|3,266,250|2,676,688|
|Total assets less current liabilities||||57,076,704|57,744,104|56,923,767|57,598,240|
|Creditors: amounts|falling due after|one||||||
|year||||||||
|Net assets||||57,076,704|57,744,104|56,923,767|57,598,240|
|Funds|||l7|||||
|Restricted funds||||50,685|90,985|50,685|90,985|
|Unrestricted fitnds:||||||||
|Available<br>Income Fund||||12,868453|11,687,795|12,868453|11,687,795|
|Designated<br>Funds||||44,004,829|45,819,460|44,004JI29|45,819,460|
|Non-cltaritabie<br>trading funds||||152,937|145,864|||
|Total funds||||57,076,704|57,744,104|56,923,767|57,598,240|





## 

|||||Note|Group|Group|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||f|f|
|Net cash provided<br>by /(used<br>in) <br>activities||operating||23|276,607|(193,915)|
|Cash flows from investing|activities||||||
|Dividends,<br>interest<br>and rents from||investments|||887,402|645,385|
|Proceeds from sale oftangible<br>fixed assets|||||367,832|414,502|
|Purchase oftangible<br>fixed assets|||||(286,014)|(145,990)|
|Proceeds from sale ofinvestments|||||7,194,703|6,846,067|
|Purchase ofinvestments|||||(7,040,410)|(8,401,812)|
|Net cash provided<br>by /(used<br>in)||investing|||||
|activities|||||1,123,513|(641,848)|
|Cash flows from financing|activities||||||
|Repayments<br>ofcharitable|mortgage||advances|||153,041|
|Net cash provided<br>by financing||activities||||153,041|
|Change<br>in cash and cash equivalents|||in the||||
|reporting<br>period|||||1,400,120|(682,722)|
|Cash and cash equivalents|at the|beginning|||||
|ofthe reporting<br>period|||||2,760,809|3,443,531|
|Cash and cash equivalents|at the end ofthe||||||
|reporting<br>period|||||4,160,929|2,760,809|
|Relating to:|||||||
|Cash at bank and in hand|||||2,849,576|2,154,345|
|Cash held with investment|manager||||1411453|606,464|
||||||4,160,929|2,760,809|





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## 

|||||||31March|31 March|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|Turnover||||||874,467|923,250|
|Cost ofsales||||||(268,117)|(299,282)|
|Gross profit||||||606,350|623,968|
|Distribution<br>costs||||||(371,512)|(377,431)|
|Administrative|expenses|||||(130,099)|(147,939)|
|||||||104,739|98,598|
|Interest receivable||||||815|25|
|Profit on ordinary||activities||||105,554|98,623|
|Amount<br>payable|under gift aid donation|||||(98,481)|(291,311)|
|Shareholder's<br>funds||brought|forward|||145,864|338,552|
|Shareholder's|funds carried||forward|||152,937|145,864|
|Total assets||||||534,419|322,031|
|Total liabilities||||||(381,480)|(176,165)|
|Aggregate<br>capital and reserves||||||151,939|145,866|
|Summary||||||||
|Trading income||||||875,282|923,300|
|Trading costs||||||(648,728)|(689,677)|
|Net income from trading||||||226,554|233,623|
|Cost recharge<br>from||Charitable|Company|eliminated|on consolidation|(219,481)|(426,311)|
|Retained profit|for year|||||7,073|(192,688)|





## 

## 


||||||Other|Total||||
|---|---|---|---|---|---|---|---|---|---|
||||||Direct|Direct|Support|Total|Total|
|||||Grants<br>5|costsf|costs<br>6|costsf|2023|2022<br>f|
|Oaksey House costs|||||787,025|787,025|204,242|991,267|970,797|
|Jack Berry|House costs||||621,783|621,783|161,362|783,145|716,478|
|Peter O'Suilevan<br>House|||||685,318|685,318|177,854|863,172|768,492|
|South West|Hub costs||||27,976|27,976|7,260|35,236||
|Almoner<br>and other pastoral|||care costs||505,379|505,379|131,152|636,531|545,930|
|Grants and|payments|for Beneficiaries||691,093|82,122|773,215|208,360|981,575|787,489|
|R and E Ilitchins<br>Iloliday|||||162,974|162,974|42,295|205,269||
|Jockeys Employment<br>fundraising<br>costs||Training Scheme|||82,000<br>59,700|82,000<br>59,700|21,280<br>15,493|103,280<br>75,193|102,867<br>107,528|
|Commercial|trading operations||||656,813|656,813|112,915|769,728|824,652|
|Investment|costs||||125,402|125,402|32,543|157,945|157,459|
|||||691,093|3,796,492|4,487,585|1,114,756|5,602341|4,981,692|






## 

## 

||Office|||||Depreciation|||
|---|---|---|---|---|---|---|---|---|
||Staff||||Other|and|Total|Total|
||Costs<br>f|IT<br>6|Legal<br>f|Property<br>f|central|amortisationf|2023f|2022f|
|Oaksey<br>I-louse costs|97,194|15,981|8,639|8,854|65,423|8,151|204,242|196,936|
|Jack Berry House|||||||||
|costs|76,788|12,626|6,825|6,995|51,687|6,441|161,362|145,347|
|Peter O'Sullevan|||||||||
|House costs|84,634|13,918|7,524|7,710|56,968|7,100|177,854|155,899|
|South West I-lub|||||||||
|costs|3,454|568|306|313|2,326|293|7,260||
|Almoner<br>and other|||||||||
|pastoral<br>care costs|62,412|10,262|5,547|5,686|42,011|5,234|131,152|110,748|
|Grants and|||||||||
|payments<br>for|||||||||
|Beneficiaries|95,487|15,699|8,488|8,700|64,276|15,710|208,360|165,892|
|Jockeys|||||||||
|Employment|||||||||
|Training<br>Scheme|10,127|1,665|900|923|6,816|849|21,280|20,867|
|R and E Hitchins|||||||||
|holiday costs|20,127|3,309|1,789|1,833|13,548|1,688|42,294||
|Fundraising<br>costs|7,373|1,212|655|672|4,963|618|15,493|21,813|
|Commercial<br>trading|||||||||
|operations|106,749||||6,167||112,916|123,286|
|Investment<br>costs|15,487|2,546|1,376|1,411|10,424|1,299|32,543|3 1,943|
||579,833|77,786|42,049|43,097|324,609|47,383|1,114,756|972,73 I|



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## 

## 

|Nature oftransaction|Nature oftransaction|||Transactions|in the|
|---|---|---|---|---|---|
|||||year||
|||||2023|2022|
|Provision ofstaff,|insurance<br>and computer services|||||
|via a cost recharge||||121,000|135,000|
|The transfer<br>under|gift aid|ofthe trading|profits ofthe|||
|Injured Jockeys Company||Limited||98,481|291,311|
|Balance outstanding|at 31|March||273,879|147,939|





## 

## 

|ntangible|fixed assets (group and charity)||||
|---|---|---|---|---|
|||Software|Property|Total|
||||Nomination|Intangible|
||||rights|assets|
|Cost|||8||
|At<br>I April|2022|104,999|385,000|489,999|
|Additions|||||
|Disposals|||||
|||104,999|385,000|489,999|
|Amarrisari|on||||
|At<br>I April|2022|12,038|151,800|163,838|
|Provided for year||26,249|7,700|33,949|
|Disposals|||||
|At 31March 2023||38,287|159,500|197,787|
|Net wriaen|down value||||
|At 31March 2023||66,712|225,500|292,212|
|At 31 March 2022||92,961|233,200|326,161|





## 

## 

|||||Long||Total|Trading||
|---|---|---|---|---|---|---|---|---|
|||||leasehold|Fixtures,|charity|subsidiary|Total group|
||||Freehold|property<br>and|fittings and|tangible|office|tangible|
||||property|improvements|equipment|assets|equipment|assets|
||||8||||||
|Cost|||||||||
|At<br>I April||2022|11,647,782|6,181,198|1,366,265|19,195,245|3,504|19,198,749|
|Additions|||168,240||117,774|286,014||286,014|
|Disposals|||(94,140)||(20,671)|(114,811)||(114,811)|
|At 31 March 2023|||11,721,882|6,181,198|1,463,368|19,366,448|3,504|19,369,952|
|Depreciation|||||||||
|At<br>I April||2022|1,826,629|278,849|1,197,621|3,303,099|3,504|3,306,603|
|Provided|for the year||192,789|108,605|117,813|419,207||419,207|
|Disposals||||~|(20,671)|(20,671)||(20,671)|
|At 31 March 2023|||2,019,418|387,454|1,294,763|3,701,635|3,504|3,705,139|
|Net wrinen||down|||||||
|value|||||||||
|At 31 March 2023|||9,702,464|5,793,744|168,605|15,664,813||15,664,813|
|At 31 March 2022|||9,821,153|5,902,349|168,644|15,892,146||15,892,146|





## 

|12.|Investments|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Listed|Shares in||Charity|Charity|
||||||||2023|Subsidiary||2023|2022|
|||||||||undertaking||||
||Market value|||||||||||
||At<br>I April 2022||||||34,807,799|||34,807,801|31,053,723|
||Additions||||||7,040,410|||7,040,410|7,751,812|
||Disposal proceeds||||||(7,194,703)|||(7,194,703)|(6,196,067)|
||Net unrealised||investment||gains||(2,480,806)|||(2,480,806)|1,646,024|
||Net realised|investment||gains|||952,457|||952,457|552,309|
||Cash on deposit with investment|||||manager|33,125,156<br>1,311453|||33,125,158<br>I/I I/53|34,807,801<br>606,464|
||At 31March||2023||||34,436,510||2|34,436,512|35,414,265|
||Cost oflisted||investments||at 31|March||||||
||2023||||||30435,025|||30,335,025|29,533,164|
|||||||||||2023|2022|
||Investments|at market||value comprised:||||||||
||Equities|||||||||22,913,674|25,067,437|
||Fixed interest||securities|||||||3,375,433|2,535,477|
||Commodities|||||||||1,487,927|1,027,247|
||Property|||||||||2,618,980|3,071,010|
||Multi-Asset|Funds||||||||419,880|818,772|
||Alternatives|||||||||2,309,263|2,287,856|
||Deposits|||||||||1411,353|606,464|
|||||||||||34,436,510|35,414,263|





## 

|at 31 March|2|023 was|f7,|548,366 (2022:|f7,649,545).|f7,649,545).|<br>|<br>|
|---|---|---|---|---|---|---|---|---|
||||||Group||Charity||
||||||2023|2022|2023|2022|
|At<br>I April 2022|||||3,288,9$0|3,395,104|3,288,980|3,395,104|
|Redemptions||||||(106,124)||(106,124)|
|Impairment|Provision||||(25,000)||(25,000)||
|At 31March||2023|||3,263,980|3,288,980|3,263,980|3,288,980|
|Stocks|||||||||
||||||Group||Charity||
||||||2023|2022f|2023|2022f|
|Goods for resale|||||127,343|155,474|||
|There was no||material|difference between||the replacement|cost ofstocks|and the amounts|stated above.|
|Debtors|||||||||
||||||Group||Charity||
||||||2023|2022|2023|2022|
|Trade debtors|||||3337|557|||
|Other debtors|||||57,743|76,380|56,519|73,414|
|Income tax|recoverable||||40,000|18,000|40,000|18,000|
|Amount<br>owed from trading||||subsidiary|||273,$79|147,150|
|Prepayments||and accrued||income|739,656|752,547|739,656|752,547|
||||||840,736|847,484|1,110,054|991,111|



## 

## 



## 

|||Group||Charity||
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||g||||
|Other creditors||254,023|159,087|156,150|141,115|
|Taxation and social security||40486|39,135|40,286|39,135|
|Accruals and deferred|income|104,157|136,527|94,429|125,484|
|||398,466|334,749|290,865|305,734|





## 

## 

## 

|||||||investment|financial|Asset||A131|
|---|---|---|---|---|---|---|---|---|---|---|
||||At I April 22|Income|Expenditure|Losses|Gains||Transfers|A)arch 23|
||||6|8||6||||8|
|RestricredItt<br>dsi|||||||||||
|Available<br>Incoine|Fund||4,645|120,660|(120,660)|||||4,645|
|Chnical Services|Fund||80.140|315,500|(355,800)|||||46,040|
|Chantable<br>Fixed|Assets||||||||||
|Tolal Restricte|Funds||||(476,J60)||||||
|||||||Investmenl|Financial|Asset||At 31|
||||Al I Apnl 22|income|Expenditure|Losses|Gains||Transfers|hfarch 23|
||||8|8|6|8||6||6|
|Unrestricted<br>firn dsi|||||||||||
|Designated<br>Funds|||||||||||
|Fmed Assets|||16,218,307|266,312|(739,170)||||211,5'76|15.957,025|
|Mongage Advaaces|||3,288,980||(25,000)|||||3,263,980|
|Capital<br>Fund|||25.312.173|||(1,528,349)||||23.783,824|
|R A EHitchin Hohday||Fund|1,000,000|21,700|(203,140)||||181,440|1,000,000|
|Total Designated|Funds||4C,819,460|288,012|(967,310)|(1,528,349)|||393,016|44,004,829|
|Gen«ral<br>Funds|||H,833,6n9|5,739,118|(4, 158,571)||||(393,016)|13,021,190|
|Total Unrestncted|Funds||57,653,119|6,027,130|(5,125,881)|(1,528,349)||||57,026,019|
|Total Group funds|||57,7JJ,IOJ|drug/98|(C,682,3JI)|(1,528,3J9)||||57,076,70J|
|R«lating lo Subsidiar)|||145,8M|875,282|(648,728)||||(219,481)|152,937|
|Total Charity<br>Funds|||57,598,240|5,588,008|(4,953,613)|(1,528,349)|||219,481|56,923,767|
|Represented<br>byi|||||||||||
|GROUP|||Restricted|Unrestricted|Designated||Total||||
|Fixed Assets|||||15,957,025||15.957.025||||
|investments||||9,652,686|24,783,824||34.436.510||||
|Mortgage Admnces|||||3,263,980||3,263,980||||
|Net Ciiirenl Assets|||50,685|3,368,504|||3N19.180||||
||||50,685|13,021,190|44,004,829||47076|704|||
|CHARITT|||||||||||
|Fmed Assets|||||15,957,025||15.957.025||||
|investments||||9,652,tigg|24,783,824||34 436,512||||
|Mongage<br>Advances|||||3,263,980||3,263,980||||
|Net Current Assen|||50,085|3,215,565|||3.266,250||||
|||||12,868,253|44,00J,829||Ssb923,767||||





## 

## 

## 

## 



## 

## 

## 

|||Group||Charity||
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||g||||
|In|less than one year|18,322|16,789|18422|16,789|
|In|more than one year but less than 2 years|18,095|16,789|18,095|16,789|
|In|more than 2 years|31,111|46,106|31,111|46,106|
|||67,528|79,684|67,528|79,684|



## 

## 

## 



## 

## 

## 

## 

## 

|Group|||||2023|2022|
|---|---|---|---|---|---|---|
|Net (expenditure)/income|for the reporting||period||(667,400)|2,652,683|
|Depreciation<br>charge|||||419,207|448,923|
|Amortisation<br>charge|||||33,949|18,764|
|Net gain on investments|||||1,528,349|(2,198,333)|
|Gains on financial<br>assets|||||25,000|(46,916)|
|Dividends,<br>interest and rents from investments|||||(887,402)|(645,385)|
|Profit on sale offixed assets|||||(273,692)|(378,035)|
|Decrease/(increase)<br>in stock|||||28,131|(66,987)|
|Decrease'(increase)<br>in debtors|||||6,748|(100,350)|
|Increase<br>in creditors|||||63,717|121,720|
|Net cash provided/(used)|by operating|activities|||276,607|(193,915)|
|Analysis ofchanges in net debt|||||||
|||||I April||31March|
|||||2022|Cash flow|2023|
|Cash at bank and in hand||||2,154,345|695,231|2,849,576|
|Cash on deposit within|Investments|||606,464|704,889|1,311,353|
|Total cash||||2,760,809|1,400,120|4,160,929|





## 

## 

|||||||Linrestricted|Restricted|Non Charitable|Non Charitable|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Trading|Funds|2022|
||||||||8|8||5|
|Income from:|||||||||||
|hegames,<br>donations<br>and grants-|||||||||||
|- Legacies||||||1,707,119||||1,71)7,119|
|- Donauons||||||1,232,434|344.480|||I 576,914|
|-Grants|||||||«,911|||«,911|
|Chars(able aciimnes|||||||||||
|-Oaksey house mcome||||||54,809||||54,809|
|-Jack Berry house income||||||29,927||||29,927|
|- Peter O'Sullevan<br>House||||||67,751||||67,751|
|Oi)ier trading aciivriies'|||||||||||
|-Commermal<br>trading operauons||||||||923,275||923,275|
|Javesirrieais||||||645485||||645J85|
|Total income|||||||||||
|||||||3,737,425|350391|923,275||«,011,091|
|Expenditure<br>on:|||||||||||
|Raising funds'|||||||||||
|- Fundraising<br>costs||||||89319|18209|||107«28|
|- Commercial<br>trading operations||||||135,000||689,652||824,652|
|- Investment<br>costs||||||157,459||||157,459|
|C)ianiable acirv) ries|||||||||||
|-Oaksey House costs||||||872,466|98331|||970,797|
|-Jack Berry House costs||||||574,809|141,669|||716,478|
|- Peter O'Sullevan<br>House|costs|||||668,727|99,765|||76$,492|
|- Almoner<br>and olher pastoral||care costs||||54«,930||||54«,930|
|- Grants and amounts<br>paid|on|behalf of|||||||||
|Benelimaries||||||7$7,489||||787,489|
|-Jockeys Employment<br>Traming Scheme||||||102,867||||102,867|
|- Grants to other chanues|||||||||||
|Total expenditure||||||3.934,066|35'7,974|6$9,6«2||4,981,692|
|Gains on Charitable<br>ihlortgage<br>Advances||||||46,916||||46,916|
|Prolit on sale ofFi~ed Assets||||||378,035||||378,035|
|net gains on investments|for the )'ear|||||2,198333||||2,19$J33|
|net income for the )ear<br>Transfer in respect oftrading<br>and interest||subsidiary's|donation,|management|charge|2,426,643<br>426311||233,623<br>(426JII)||2,652,683|
|net movement<br>in I'unde||||||2,852,954|(7,«83)|(192,688)||2,652,683|
|Reconciliation of I'unds||||||54,654,301|98,56$|338,552||55,091,421|
|Total funds brought<br>fonvard|||||||||||
|Total funds carried lorn|ard|||||57,507,255|90,9$5|145,864||57,744,104|





## 

## 

## 

||||||At I April|||Investment|Financial||At 31 ltlarch|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||2021|Income|Expenditure|Gains|Asset Gains|Transfem|2022|
|||||||||6||6|8|
|Restricted funds i||||||||||||
|Available<br>Income Fund|||||4,645|74,416|(74,416)||||4,645|
|I)F Peter O'Sullevan|||House||93,923|275,975|(283,558)||||86,3411|
|Chantable<br>Fmed Assels||||||||||||
|Balance nt 31 ttlarch|||2020||98„468|350,391|(307,074)||||90,985|
|||||||||Investment|Financial|||
||||||Al I April 21||Expenditure|Losses|Asset Gains|Transfers|Total|
||||||8|||5|6|||
|Unrestricted|fiiadsi|||||||||||
|Designated|Funds|||||||||||
|Fixed Assels|||||16,576,473|378,035|(613,679)|||(122,522)|16,218,307|
|POSH|||||3,395,104|||||(106,124)|3,288,980|
|Mongages|||||23,113,840|||2,198,333|||25,312,173|
|Capital|||||1,000,000|16,500||||(16,500)|1,000,000|
|R dt E Hachm Hohday||||Fund||||||||
||||||4J,084,417|394,535|(613,679)|S.guL333||(244,146)|45,SI9,460|
|General<br>Funds|||||10,907,436|J,644,200|(4,010,039)||46,916|245,146|11,833,659|
|Tolal Unreslncled||Funds|||54,992,853|5,038,735|(4,623,718)|2,198,333|46,916||57,653,H9|
|Total Group Funds|||||n5 091 421|5,389126|(4,981,692)|2,198D33|46,916||57,74J,ISJ|
|Relaling lo Subsidiary|||||338,552|923,275|(689,652)|||(426,311)|145,864|
|Tolal Charily Funds|||||54,752,869|4,465,851|(4,292,040)|2,198,333|46,916|426,311|57,598,240|
|Represented|bl:|||||||||||
|GROUP||||||||||||
||||||Restricted|Unrestricted|Designated||Total|||
|Fixed Assels|||||||16,218,307||16,218,307|||
|Investinenls||||||9,102,090|26,312,173||35,414,263|||
|Mongagc Advances|||||||3,288,980||3,288,980|||
|Nel Cunenl|Assets||||90,985|2,731,569|||2,822,554|||
||||||90,985|11,833,659|45,819,460||57,744,104|||
|CHARITV||||||||||||
|Fmed Assets|||||||16,218,307||16,218,307|||
|Inveslmenls||||||9,102,090|26,312,173||35,414,263|||
|Mongage<br>Advances|||||||3.2S8,980||3,288,980|||
|Nel Current|Assets||||90,985|2,585,705|||2,676,690|||
||||||90,985|11,687,795|45,819,460||57,498,240|||