2023-09-30-accounts

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		Unrestricted	Unrestricted
		funds	funds
		2023	2022
	Note	£	Ee
Incomefrom:
Donations		-	2,880
Charitableactivities:
Imrayroyalties		39,344	38,082
Bloomsburyroyalties		4,051	4,882
Investments		14,866	14,815
Directsalesandotherincome		1,167	878
Totalincome		59,428	61,537
Expenditureon:
Raisingfunds:
Investmentmanagementfees		3,764	4,009
Charitableactivities:
Projectcosts	2	29,454	31,950
Authors'supplementpayment		2,800	1,400
Supportandgovernancecosts	3	38,727	31,803
Totalexpenditure		74,765	69,162
Net(loss)/incomebeforeinvestmentgains/(losses)		(15,317)	(7,625)
Realisedgainsondisposalofinvestments		-	1,497
Unrealisedgains/(loss)onrevaluationofinvestments		19,998	(55,740)
Netmovementoffundsafterinvestmentgains/(losses)		4,681	(61,868)
Reconciliationoffunds:
Totalfundsbroughtforward		539,356	601,224
Totalfundscarriedforward		—_544,037	539,356
Allactivitiesrelatetocontinuingoperations.

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	2023		2022
	£		£
NetmovementoffundsasreportedintheStatement
ofFinancialActivities	4,681		(61,868)
Adjustmentsfor:
Realisedgainsoninvestments		-	(1,497)
Unrealised(gains)/lossoninvestments	(19,998)		55,740
Decrease/(increase)indebtorsandprepayments
Increase/(decrease)increditors	1,249		66
Netcash(used)/generatedinoperating activities	(14,068)		(7,559)
Cashflowsfrominvestingactivities: Investmentmanagementfees	3,784		4,103
Cash(used)/generatedduringtheperiod	(10,284)		(3,456)
Cashat1October2022	31,142		34,598
Cashat30September2023	20,858		31,142
(Decrease)/increaseincashduringtheperiod	(10,284)		(3,456)

	2023	2022
	£	£
SouthBiscay	4,000	2,000
PacificCrossingGuide	3,680	3,334
NorthAfrica	3,185	2,666
AtlanticFrance	3,157	2,701
ChannelIslands,CherbourgPeninsulaandNorthBrittany	2,949	2,666
BalearicIslands	2,666	2,667
CorsicaandNorthSardinia	2,500		-
ArcticandNorthernWaters	2,500		-
CapeHornandAntarcticWaters	2,000		-
IslesofScilly	1,667		-
WestAfrica	527		-
Norway	312	5,333
BalticSea	-	4,000
GermanyandDenmark	-	2,701
AtlanticSpainandPortugal	-	2,334
NaturalNavigation	-	1,000
AtlanticIslands	-	417
Other	311	131
Totalprojectcosts	29,454	31,950

	Unrestricted		Unrestricted
	funds		funds
	2023		2022
	£		£
Salarycosts	19,790		15,000
Pensioncosts	600		502
Travelandsubsistence	4,944		3,645
Officeexpenses	2,822		3,834
Marketingcosts	6,376		2,667
ITcosts	2,605		605
Conference		-	3,960
Governance—independentexaminerfees	1,590		1,590
	38,727		31,803

6.	Fixedassetinvestments
			Listed		Cash
			securities		deposits		Total
			£		£		£
	Marketvalue
	At1October2022		480,967		35,000		515,967
	Investmentmanagementfeespaid		(3,784)			-	(3,784)
	Unrealisedgains		19,998			-	19,998
	At30September2023		—497,181		___35,000		___532,181
	Thehistoricalcostoftheinvestmentsecuritieswas£447,586
	Notransfersweremadeduringtheyear.
	Investmentsatmarketvaluecomprise:
		UK	Overseas		2023
		£	£		£
	Listedinvestments	143,188	353,993		497,181
	Cashdeposits	35,000	»		35,000
	Totalmarketvalue	178,188	353,993		___532,181
			Listed		Cash
	Prioryear		securities		deposits		Total
			£		£		£
	Marketvalue
	At1October2021		549,313		25,000		574,313
	Investmentmanagementfeespaid		(4,103)			-	(4,103)
	Additions		-		10,000		10,000
	Disposals		(10,000)			-	(10,000)
	Realisedgains		1,497			-	1,497
	Unrealisedlosses		(55,740)			-	(55,740)
	At30September2022		—___480,967		___35,000		___515,967
	Thehistoricalcostoftheinvestmentsecuritieswas£447,586
	No transfersweremadeduringtheyear.
	Investmentsatmarketvaluecomprise:
		UK	Overseas		2022
		£	£		£
	Listedinvestments	203,930	277,037		480,967
	Cashdeposits	35,000		-	35,000
	Totalmarketvalue	——_-238,930	___277,037		____515,967

	2023	2022
	£	£
Othertaxationandsocialsecurity	945	587
Othercreditors	5,631	3,976
Accruals	2,537	3,464
Deferredincome	849	686
	G2	813

	Brought	Income’	Expenditure	Gains	Carried
	forward				forward
	£	£	£	£	£
Unrestrictedfunds
Generalfunds	539,356	59,428	(74,745)	19,998	544,037
	539,356	59,428	(74,745)	19,998	544,037

	Brought				Carried
	Forward	Income	Expenditure	Gains	Forward
	£	£	£	£	£
Generalfunds	539,356	____59,428	___(74,745)	19,998	___544,037

	Brought	Income	Expenditure	Losses	Carried
	forward				forward
	£	£	£	£	£
Unrestrictedfunds
Generalfunds	601,224	61,537	(69,162)	(54,243)	539,356
	601,224	61,537	(69,162)	(54,243)	539,356
Summaryoffunds
	Brought				Carried
	Forward	Income	Expenditure	Losses	Forward
	£	£	£	£	£
Generalfunds	—__601,224	___61,537	_(69,162)	__(54,243)	___539,356

	2023	2022
	£	£
Financialassetsmeasuredatamortisedcost	960	960
Financialliabilitiesmeasuredatamortisedcost	SG576	4,563
Financialassetsmeasuredatamortisedcostcompriseprepayments.