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|---|---|---|
|Trustees'<br>annual<br>report|||
|Independent<br>examiner's<br>report to the trustees|||
|Statement offinancial|activities||
|Statement offinancial|position||
|Notes to the financial|statemenh||





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||||2023|2022|
|---|---|---|---|---|
|||Note|6|6|
|Fixed assets|||||
|Investments||13|3,773,767|3,938,970|
|Current assets|||||
|Cash at bank and in|hand||29,219|113,136|
|Creditors: amounts|falling due within one year|14|7,240|5,941|
|Net current assets|||21,979|107,195|
|Total assets less current liabilities|||3,795,74B|4,046,165|
|Net assets|||3,795,746|4,046,165|
|Funds ofthe charity|||||
|Income funds|||(16,466)|(53,902)|
|Capital funds|||3,612,212|4,100,0B7|
|Total charity funds||15|3,795,746|4,046,165|






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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Income|Capital|Total funds|Totalfunds|
||||Note|E|8|8|E|
|Income and endowments||||||||
|Investment<br>income|||4|103,421||103,421|91,615|
|Total Income||||103,421||103,421|91,615|
|Expenditure||||||||
|Expenditure<br>on raising funds:||||||||
|Investment<br>management||costs|5||18,579|18,579|19,678|
|Expenditure<br>on charitable|activities||8,7|65,985|5,481|71,466|106,819|
|Total expenditure||||65,985|24,060|90,045|126,495|
|Net (losses)/gains<br>on investments|||9||(263,795)|(263,795)|114,215|
|Net (expenditure)/income|and net|||||||
|movement<br>In funds||||37,436|(287,855)|(250,419)|79,335|
|Reconciliation<br>offunds||||||||
|Total funds brought forward||||(53,902)|4,100,067|4,046,165|3,966,830|
|Total funds carried forward||||(16,466)|3,812,212|3,795,746|4,046,165|





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|Investment<br>Income||||
|---|---|---|---|
||||Total Funds|
||Income|Capital|2023|
||E|E|E|
|Income from listed investments|102,406||102,408|
|Bank interest receivable|1,015||1,015|
||103,421||103,421|
||||Total Funds|
||Income|Capital|2022|
||E|E|E|
|Income from listed investments|90,071||90,071|
|Bank interest receivable||1,544|1,544|
||90,071|1,544|91,615|



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||||TotalFunds||Total|Funds|
|---|---|---|---|---|---|---|
|||Capital|2023|Capital||2022|
|||F|E|E||E|
|Portfolio|management|18,579|18,579|19,876||19,676|



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|Expenditure<br>on charitable<br>activities|by fund type|||
|---|---|---|---|
||||Total Funds|
||Income|Capital|2023|
||E||E|
|To fund Scholars|58,030||58,030|
|Support costs|7,955|5,481|13,436|
||65,985|5,481|71,466|
||||Total Funds|
||Income|Capital|2022|
||E||E|
|Tofund Scholars|92,839||92,839|
|Support costs|7,921|6,059|13,980|
||100,760|6,059|106,819|





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|||||||||Activities||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||undertaken|Support|Total funds|Total Funds|
|||||||||directly|costs|2023|2022|
|||||||||6|6|6|8|
||Funding of|Scholars||||||58,030|2,474|60,504|94,701|
||Governance||costs||||||10,962|10,962|12,118|
|||||||||58,030|13,436|71,466|106,819|
|8.|Analysis ofsupport costs|||||||||||
||||||||||Analysis of|||
||||||||||support costs|Total 2023|Total 2022|
||||||||||6|6||
||Communications|||and IT|||||1,764|1,764|1,440|
||Governance|costs|||||||10,962|10,962|12,118|
||Other costs||||||||710|710|422|
||||||||||13,436|13,438|13,980|
|9.|Net (losses)/gains||||on Investments|||||||
||||||||||TotalFunds||Total Funds|
|||||||||Capital|2023|Capital|2022|
|||||||||6|8|6|8|
||Gains/(losses)|||on listed investments||||(263,795)|(263,795)|114,215|114,215|
|10.|Independent||examination|||fees||||||
|||||||||||2023|2022|
|||||||||||8|6|
||Fees payable||to the||independent||examiner for:|||||
||Independent|examination||||ofthe financial||statements||1,170|1,170|



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|Investments||
|---|---|
||Listed|
||Investments|
||E|
|Cost orvaluation||
|At6Apiil 2022|3,938,970|
|Additions|558,353|
|Disposals|(448,455)|
|Fair value movements|(275,101)|
|At 5Apiil 2023|3,773,767|



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||||At|||Gains and|At|
|---|---|---|---|---|---|---|---|
|||6|April 2022|Income|Expenditure|losses|5April 2023|
||||E|E|F|E|E|
|Income|funds||(53,902)|103,421|(65,985)||(16,466)|
||||At|||Gains and|At|
|||6|April 2021|Income|Expenditum|losses|5April 2022|
||||E|E|E|E||
|Income|funds||(43,213)|90071|(100760)||(53,902)|
||||At|||Gains and|At|
|||6|April 2022|Income|Expenditure|losses|5April 2023|
||||F|E|E|F|E|
|Capital|funds||4,100,067||(24,060)|(263,795)|3,812,212|
||||At|||Gains and|At|
|||6|April 2021|Income|Expenditure|losses|5April 2022|
||||E|F|E|E|E|
|Capital|funds||4,010,043|1,544|(25,735)|114,215|4,100,067|





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|Analysis ofnet as|sets between funds||||
|---|---|---|---|---|
|||||Total Funds|
|||Capital|Income|2023<br>f|
|Investments||3,773,767||3,773,767|
|Current assets||42,065||42,065|
|Creditors less than|1 year|(3,620)|(16,466)|(20,086)|
|Net assets||3,812,212|(16,467)|3,795,746|
|||||Total Funds|
|||Capital|Income|2022|
||||6||
|Investments||3,938,970||3,938,970|
|Current assets||164,067||164,087|
|Creditors less than|1 year|(2,970)|(53,902)|(56,872)|
|Net assets||4,100,087|(53,902)|4,046,165|